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BYDDY

TSLA

BYD Co Ltd has launched the BYD Song L electric SUV in China, directly competing with Tesla's Model Y. The Song L starts at 189,800 yuan (approx. $27,000), significantly lower than the Model Y's starting price of 266,400 yuan (approx. $38,000). BYD reported receiving 28,350 orders since presales began on Oct. 31. The company, backed by Warren Buffett's Berkshire Hathaway, has recently built its 6 millionth new energy vehicle and ceased production of oil-fueled vehicles in April of the previous year.

Portfolio Pulse from Anan Ashraf

December 16, 2023 | 8:46 am

AMD

NVDA

Nvidia Corp. (NVDA) stock has surged over 241% in 2023, driven by the AI revolution, yet Bernstein analyst Stacy Rasgon considers it the 'cheapest AI play' and maintains a target price of $700. Despite Nvidia's earnings beat and commanding an 85% market share in generative AI, the stock has seen a 1.2% decline over the last month. Concerns about an 'air pocket' in the AI space and competition from Advanced Micro Devices (AMD), which has projected significant AI revenue growth, may be affecting investor sentiment. Nvidia's data center revenue has significantly outperformed Intel's, with a nearly fourfold increase to $14.5 billion in Q3 2023.

Portfolio Pulse from Rounak Jain

December 16, 2023 | 5:02 am

TSLA

Tesla Inc (NASDAQ:TSLA) has delayed the estimated delivery timeline for new orders of its Cybertruck Foundation series. The Cyberbeast version is now expected to be delivered mid-late 2024, while the All Wheel Drive (AWD) version is slated for Jan-March 2024. The delay was reported by Tesla investor Sawyer Merritt. Tesla began delivering the stainless steel Cybertruck last month and aims to deliver approximately 250,000 Cybertrucks annually in the future, with CEO Elon Musk anticipating this target to be reached by 2025 due to production scaling challenges.

Portfolio Pulse from Anan Ashraf

December 16, 2023 | 4:56 am

GOOG

MSFT

OpenAI has suspended ByteDance, the parent company of TikTok, for using GPT to train a competing AI model in China, which violates the developer licenses of both OpenAI and Microsoft Corp. ByteDance admitted to using GPT for non-China markets and has developed its own model, Doubao, for China. ByteDance claims to be developing a model more powerful than Alphabet Inc.'s Google Gemini. OpenAI is investigating ByteDance's use of their API and may terminate their account if violations are confirmed.

Portfolio Pulse from Rounak Jain

December 16, 2023 | 3:42 am

TSLA

Elon Musk responded with a simple 'Ok' to a Tesla user's complaint on X about the Full Self-Driving (FSD) mode disengaging when the car exceeds 85 mph. The user suggested a 10-second timer warning instead of an immediate strike. Musk's brief acknowledgment comes as Tesla continues to develop and test FSD, which is still in beta mode and requires driver supervision. Musk has previously indicated that Tesla is close to achieving full self-driving capability, with version 12 of FSD expected to no longer be beta.

Portfolio Pulse from Anan Ashraf

December 16, 2023 | 3:38 am

AAPL

Apple, Inc. (AAPL) shares dropped after Bloomberg reported an expanded ban on Apple devices by China, now including state-backed firms and more government departments in at least eight provinces. The ban could signal a decline in Apple's sales in China, as there is a movement favoring domestic devices. Apple's stock fell 0.27% to close at $197.57.

Portfolio Pulse from Erica Kollmann

December 15, 2023 | 9:58 pm

AMZN

DIS

DKNG

PDYPY

The sports betting weekly wrap highlighted several key events, including the Las Vegas Raiders' historic win over the Los Angeles Chargers streamed on Amazon Prime Video, upsets in Monday Night Football, the start of College Football bowl games on Walt Disney Company's channels, and the NFL playoff situation. The Los Angeles Dodgers became World Series favorites after signing Shohei Ohtani. DraftKings faces a class-action lawsuit over misleading bonus bet offers, and Vermont is set to launch online sports betting with DraftKings, Fanatics, and Flutter Entertainment's FanDuel in January.

Portfolio Pulse from Chris Katje

December 15, 2023 | 9:53 pm

SONY

Sony Group Corp (NYSE:SONY) is offering a 30% discount on selected 12-month PlayStation Plus subscriptions for new subscribers or those with expired memberships. The offer applies to the Extra and Premium tiers and is available from Dec. 11 to Dec. 17. The discounted rates are $94.49 for Extra and $111.99 for Premium. No additional discounts for existing members or PS gift card discounts are provided. Some users faced issues accessing the discount initially. The PS5 slim bundle promotion continues at $499 with a free game.

Portfolio Pulse from Franca Quarneti

December 15, 2023 | 9:52 pm

TTWO

In the GTA 6 trailer released by Take-Two Interactive Software Inc (NASDAQ:TTWO), an Easter egg referencing 'Red Dead Redemption' was spotted by fans. A sticker resembling the character Everett Morgan from 'Red Dead Online' was seen on a store door. The trailer showcases the game's Florida setting, detailed graphics, and hints at the storyline of protagonist Lucia. The discovery of the Easter egg has sparked curiosity about potential links between the Red Dead and GTA universes.

Portfolio Pulse from Franca Quarneti

December 15, 2023 | 9:45 pm

AL

Air Lease Corporation (ALC) has delivered the first of seven new Airbus A321-200neo aircraft to Transavia. The aircraft are on a long-term lease, and this delivery marks the beginning of Transavia's single-aisle fleet development with the A321-200neo, which is expected to enhance their service and efficiency.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 9:35 pm