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FSR

Fisker Inc. (NYSE:FSR), an electric vehicle manufacturer, has announced the delivery of its first Fisker Ocean Sport electric SUV to a customer. The hand-over took place at the Fisker Lounge London location within the Westfield London mall.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 11:32 am

AMZN

Amazon Inc. (NASDAQ:AMZN) has confirmed that starting January 29, Prime Video will feature limited advertisements. Customers can opt for an ad-free experience by paying an additional $2.99 monthly fee, raising the standalone Prime Video service cost to just under $12 per month. The current Prime membership price will remain the same, and Amazon's Freevee service will continue to have ads. This strategy aims to fund more content investment over time. An analyst previously praised the move, anticipating increased revenue for Amazon.

Portfolio Pulse from Ananya Gairola

December 27, 2023 | 11:10 am

ALT

BITF

BTBT

BUR

CHRS

CIFR

HIVE

WULF

Coherus BioSciences, Inc. (NASDAQ:CHRS) shares surged 34.8% in pre-market trading after the FDA approved UDENYCA ONBODY for pegfilgrastim-cbqv. Other stocks showing pre-market gains include Burford Capital Limited (NYSE:BUR), TeraWulf Inc. (NASDAQ:WULF), Bitfarms Ltd. (NASDAQ:BITF), Bit Digital, Inc. (NASDAQ:BTBT), HIVE Digital Technologies Ltd. (NASDAQ:HIVE), Cipher Mining Inc. (NASDAQ:CIFR), and Altimmune, Inc. (NASDAQ:ALT). U.S. stock futures were slightly lower, with Dow Jones futures down about 5 points.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 11:08 am

HTZ

TSLA

Italian rally driver Piero Longhi shared his positive experience with his Tesla Model S, having driven over 236,000 miles in 6 years with minimal maintenance. This counters concerns about high EV maintenance costs, particularly for Tesla, which has faced scrutiny over repair costs and a DOJ investigation for exaggerating vehicle range. Meanwhile, Hertz Global Holdings Inc plans to reduce its Tesla fleet due to high repair costs and low resale value, opting for EVs from other manufacturers with cheaper parts and established supply networks.

Portfolio Pulse from Anan Ashraf

December 27, 2023 | 11:00 am

BMWYY

BYDDY

MBGAF

BYD Company has received a conditional testing license for Level 3 autonomous driving on high-speed roads in China, marking progress in the EV maker's autonomous technology. This is the first such license granted in China since BYD's initial award in July. The development reflects the increasing competition among automakers in China's autonomous driving space, with BMW and Mercedes Benz also pursuing similar advancements. BYD's stock (OTC:BYDDY) closed higher by 1.27% at $53.38 following the news.

Portfolio Pulse from Shivani Kumaresan

December 27, 2023 | 10:57 am

AAPL

Apple Inc. (NASDAQ:AAPL) is reportedly developing an enhanced MagSafe technology that could support data transmission and user authentication. A patent application suggests Apple is addressing the current MagSafe system's heat trap issue by enabling iPhones to identify and differentiate between MagSafe accessories. This technology could adjust charging based on temperature and allow accessories to communicate data and function as keys. The development aligns with rumors of MagSafe charging in the 2024 iPad Pro and Apple's ongoing focus on MagSafe improvements.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 10:34 am

RIVN

A Rivian Automotive Inc (RIVN) R1T owner has been waiting for eight months for repairs after an accident. The delay was due to a specialized diagnostic software requirement and further damage during the repair process. Despite this, Rivian delivered 15,564 vehicles in Q3 and reported a revenue of $1.337 billion, with a loss of $1.19 per share, beating estimates. The company aims for a positive gross profit by 2024 and is developing its R2 platform.

Portfolio Pulse from Anan Ashraf

December 27, 2023 | 10:13 am

META

MSFT

Yann LeCun, Meta Platforms Inc.'s chief AI scientist, criticized OpenAI for its lack of transparency in research, suggesting the research world is losing interest in the company. He highlighted the instability caused by recent events at OpenAI, including the temporary ousting of co-founder Sam Altman. Despite this, OpenAI is reportedly in talks to raise funds at a $100 billion valuation. LeCun contrasted OpenAI's approach with Meta's open-source Llama 2 model, aligning with his belief in keeping AI research open and secure.

Portfolio Pulse from Rounak Jain

December 27, 2023 | 10:09 am

MSFT

Microsoft Corporation (NASDAQ:MSFT) has launched a standalone AI-driven Copilot app for Android, featuring ChatGPT-like capabilities, DALL-E 3 image creation, and access to OpenAI's GPT-4 model. The app is available on the Google Play Store. This move follows Microsoft's rebranding of Bing Chat to Copilot and the expansion of Copilot to all Windows users. The Copilot app signifies Microsoft's ongoing commitment to AI integration in its products, with an iOS version expected soon.

Portfolio Pulse from Ananya Gairola

December 27, 2023 | 9:01 am

BABA

NVDA

TCEHY

Despite expectations that the AI boom would drive up cloud services spending in China, the reality has been underwhelming. Alibaba (BABA) reported only a 2% YoY revenue growth for its cloud business, and scrapped plans for a public listing of its cloud operations. Huawei and Tencent (TCEHY) did not disclose their cloud revenues. The Chinese cloud market's growth slowed to 10% in 2022, down from 45% in 2021. The U.S. is scrutinizing AI technology, with Nvidia Corp. (NVDA) facing examination for its AI accelerators intended for the Chinese market.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 8:57 am