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BABA

NTES

PDD

TCEHY

Alibaba Group Holding Limited (NYSE:BABA) stock is up amid news of China approving 105 games, suggesting regulatory easing for the tech sector. This follows recent restrictions that led to a market downturn. The approvals included games from Tencent Holdings Ltd (OTC:TCEHY) and NetEase Inc (NASDAQ:NTES). Alibaba is also refocusing its online market, appointing millennials to key positions, with the aim to rejuvenate its e-commerce sector and appeal to younger consumers. BABA shares rose 0.62% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 26, 2023 | 11:26 am

BYDDF

BYDDY

LI

TSLA

Tesla, Inc. (TSLA) shares are up in premarket trading following strong weekly insurance registrations for its made-in-China electric vehicles. The reported figure of 18,500 for the week of December 18-24 suggests robust demand, outpacing most domestic startups but still behind BYD Company Limited's (BYDDY, BYDDF) registrations. Li Auto, Inc. (LI) shared the data. Tesla's Q4 EV insurance registrations have already surpassed its previous quarterly record, indicating potential for meeting its annual delivery goal. Tesla's stock rose 0.59% in premarket trading after a drop in the previous session.

Portfolio Pulse from Shanthi Rexaline

December 26, 2023 | 11:03 am

TSLA

A study by Heatmap indicates that the majority of potential EV buyers are not influenced by Tesla CEO Elon Musk's comments when considering purchasing a Tesla vehicle. The study, which included 1000 Americans, found that 38% of respondents said Musk has no impact on their decision, while 35% said he makes them more likely to buy a Tesla, and only 27% were less likely. This marks a shift from earlier in the year when more respondents were negatively influenced by Musk. However, the study does not reflect recent controversies involving Musk.

Portfolio Pulse from Anan Ashraf

December 26, 2023 | 10:49 am

AMD

INTC

NVDA

Nvidia Corp. (NASDAQ:NVDA) is set to become the biggest chipmaker by revenue in 2023, surpassing Intel Corp. (NASDAQ:INTC) and Samsung. Nvidia's revenue for the first nine months of 2023 was $38.82 million, an 85% increase year-over-year, and is projected to reach $58.86 billion for the full year, a 118% increase from the previous year. Intel's estimated full-year revenue is $53.95 billion, a 14.5% decline, while AMD (NASDAQ:AMD) is expected to report $22.63 billion, slightly down from 2022. Nvidia's growth is driven by the adoption of AI technology, with its AI chips in high demand. Nvidia's stock has surged 234% year-to-date, outperforming the S&P 500 and other major tech stocks, with analysts predicting a further 35% upside.

Portfolio Pulse from Shanthi Rexaline

December 26, 2023 | 10:35 am

ETH-USD

USDT-USD

Tether Treasury has minted an additional 1 billion USDT tokens on the Ethereum network for inventory replenishment, as announced by CEO Paolo Ardoino. This action is not an immediate market injection but a preparation for future issuance requests and chain swaps. The minting of new tokens is a common practice for Tether to ensure liquidity and meet transactional demands as they arise.

Portfolio Pulse from Mehab Qureshi

December 26, 2023 | 10:12 am

META

Elon Musk reacted to a report by TRG Datacenters stating that over one million people search 'How to delete Instagram' monthly. The report indicates Instagram is the most sought-after app to delete, followed by Snapchat, Twitter (X), Telegram, and Facebook. In the U.S., Instagram leads the list, followed by Facebook, Twitter, TikTok, and Snapchat. Musk has previously criticized Instagram and other social media platforms owned by Mark Zuckerberg.

Portfolio Pulse from Ananya Gairola

December 26, 2023 | 9:58 am

MSFT

Sam Altman, CEO of OpenAI, remains optimistic about his 27-month-old prediction that the costs of intelligence and energy will approach near-zero due to AI and renewable energy advancements. OpenAI, backed by Microsoft Corp. (NASDAQ:MSFT), has had a successful year and is in talks for a new funding round at a valuation of $100 billion. Altman's forecast is in line with OpenAI's mission to reduce the cost of energy and intelligence through AI.

Portfolio Pulse from Rounak Jain

December 26, 2023 | 8:43 am

AAPL

CDRE

SNTG

TSLA

VS

U.S. stock futures are trading higher, with investor focus on Tesla, Apple, Sentage Holdings, Versus Systems, and Cadre Holdings. Tesla reports over 20,000 car registrations in Sweden despite a workers' strike. Apple is in talks to license content for AI initiatives. Sentage Holdings posts a loss and a significant drop in operating revenue. Versus Systems announces a reverse stock split. Cadre Holdings plans to acquire ICOR Technology.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 7:32 am

JNJ

LIAN

LianBio has assigned its exclusive rights to develop and commercialize NBTXR3 in China, South Korea, Singapore, and Thailand to Janssen, a Johnson & Johnson company. The deal includes a one-time payment of $25 million to LianBio, with an additional sales milestone payment of $5 million possible. LianBio will assist in transitioning the asset to Janssen for up to six months.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 7:16 am

NIO

TSLA

Nio Inc (NIO) highlighted the capabilities of its EL6 SUV, suggesting it's ideal for Santa Claus with its spacious trunk and long range. The company's Christmas post showcased the EL6 carrying a Christmas tree and gifts, emphasizing its festive utility. This was in response to Tesla Inc's (TSLA) similar Christmas post featuring the Cybertruck. While both vehicles can carry a Christmas tree, they differ in payload and towing capacities, and are not available in the same markets.

Portfolio Pulse from Anan Ashraf

December 26, 2023 | 6:49 am