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AAPL

China is promoting the use of domestic devices over foreign ones, including Apple iPhones. Despite this, Apple Inc's stock (AAPL) remains strong, trading just 2.40% below its all-time high and having increased by 49% over the past year. The stock faces a psychological resistance at the $200 level, which it has struggled to maintain. The next critical support is at the daily 20 simple moving average of $293. After market close on December 20, AAPL closed at $194.83, down 1.05%.

Portfolio Pulse from Zaheer Anwari

December 21, 2023 | 4:47 pm

BTC

IREN

Iris Energy Limited (NASDAQ:IREN) stock is trading higher after announcing its 10 EH/s Bitcoin mining expansion is fully funded, following a successful equity raising program. The expansion is ahead of schedule, and the company has started installing 248 NVIDIA H100 GPUs at its Prince George site for the generative AI market. Bitcoin (CRYPTO:BTC) is rallying near 2-year highs, trading at $43,778.78. Iris Energy's trading volume has surged past its 100-day average, with shares up 30% at $7.18.

Portfolio Pulse from Erica Kollmann

December 21, 2023 | 4:43 pm

LDTC

PRSR

LeddarTech, an AI-based automotive software company, has completed its business combination with Prospector Capital Corp. and will start trading on Nasdaq under the ticker symbols 'LDTC' for common shares and 'LDTCW' for warrants. The company specializes in sensor fusion and perception software for ADAS and AD, aiming to enhance vehicle intelligence and reduce costs for OEMs and Tier 1s. With the automotive industry shifting towards software-defined vehicles, LeddarTech's market is expected to grow significantly. The company has raised $58.6 million in capital to support its technology's adoption and growth. Charles Boulanger, the retiring CEO, will be succeeded by Frantz Saintellemy, with Derek Aberle as the new Chairman of the Board.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 4:33 pm

CRWD

On CNBC, CrowdStrike CEO George Kurtz highlighted the potential dangers associated with the use of artificial intelligence (AI). Kurtz's discussion on AI risks may raise awareness about cybersecurity threats and the importance of robust AI security measures. This could potentially affect CrowdStrike's business as it underscores the need for advanced cybersecurity solutions that the company provides.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 4:23 pm

AYRO

Ayro, Inc. has filed a U.S. patent application (#20230406117) for systems and methods related to vehicle environmental impact cancellation. The patent application suggests that Ayro is focusing on innovative solutions to reduce the environmental footprint of vehicles, which could enhance the company's intellectual property portfolio and potentially lead to new product developments.

Portfolio Pulse from Charles Gross

December 21, 2023 | 4:22 pm

NSANY

TSLA

Julie and Chris Ramsey, known as 'Plug in Adventures,' completed a 17,000-mile journey from the North Pole to the South Pole in a modified Nissan Ariya electric SUV. This marks the first time a vehicle has made this trek, showcasing the potential of electric vehicles in extreme conditions. The Nissan Ariya, which competes with Tesla's Model Y, could gain marketing traction from this achievement. Tesla Inc. continues to lead the EV market with its Model Y becoming the top-selling vehicle worldwide and the start of Cybertruck deliveries.

Portfolio Pulse from Chris Katje

December 21, 2023 | 4:16 pm

ANNX

APLS

Annexon Inc (NASDAQ:ANNX) reported positive Phase 1 study results for ANX1502, showing dose-proportional pharmacokinetics and tolerability, with plans for a proof-of-concept study in 2024. The company also detailed a registrational program for ANX007 in geographic atrophy, including a Phase 3 trial and a head-to-head trial against Apellis Pharmaceuticals' Syfovre. Additionally, Annexon announced a public offering of shares and pre-funded warrants to raise $125 million. ANNX shares surged 26.10% to $3.63.

Portfolio Pulse from Vandana Singh

December 21, 2023 | 4:07 pm

BA

FXI

Boeing is set to deliver a 787 Dreamliner to China's Juneyao Airlines on Thursday, marking the first direct delivery to a Chinese airline since 2019, according to flight data from FlightRadar 24 reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 4:02 pm

VICI

WSR

Benzinga is hosting a Real Estate Virtual Conference, which is currently live. Interested parties can tune in via a provided YouTube link. VICI Properties Inc. (VICI) and Whitestone REIT (WSR) may be mentioned during the conference.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 4:01 pm

HMC

Honda Motor's American unit is recalling 2.54 million vehicles in the U.S. due to fuel pump failures. This follows previous recalls in 2021 and 2020 for the same issue. The recall affects various models from 2017 to 2020, including Honda Accord, Civic, CR-V, and Acura models. Dealers will replace the fuel pump module. There have been no injury reports but 4,042 warranty claims since 2018. The recall was also issued in Japan and China, with improved replacement parts. This comes after a separate recall of 106,030 CR-V hybrids over fire risks.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 4:00 pm