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SYRA

Syra Health has been chosen by the City of Portland, Maine, to create a Health Equity Accelerator Plan aimed at addressing social determinants of health in the Greater Portland community. This initiative highlights the company's involvement in public health projects and its commitment to improving health equity.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:56 am

TSLA

Tesla Inc (NASDAQ:TSLA) has launched a new Performance edition of the Model 3, priced at $52,990, eligible for a $7,500 federal EV tax credit, effectively reducing its price to $45,490 for eligible buyers. This makes it cheaper than the Long Range version after tax credits, despite being pricier upfront. The Performance model offers a range of 296 miles and a top speed of 163 mph, with deliveries expected within two months. Tesla's refreshed Model 3 includes rear-wheel drive and long-range variants, with the Performance variant reintroduced later. Leasing a Model 3 Long Range can be cheaper than the Performance model due to a $7,500 EV lease incentive. Elon Musk commented on the complexity of the EV incentives under the Inflation Reduction Act, highlighting the confusion around tax credits and leasing options.

Portfolio Pulse from Anan Ashraf

April 24, 2024 | 11:54 am

ALCPF

INTC

TSM

WICOF

Intel's introduction of the Gaudi 3 AI chip is expected to benefit TSMC, Alchip, and Wistron significantly, with Morgan Stanley projecting a surge in demand. TSMC will fabricate the chips, Alchip will provide design services, and Wistron will supply baseboards. The demand for AI is driving TSMC's revenue growth, and Alchip's strategic relocation to Japan aligns with its involvement in Gaudi chips. Intel's stock, currently consolidating, may rise with the Gaudi 3 launch and resolution of supply issues by the second half of 2024.

Portfolio Pulse from Benzinga Neuro

April 24, 2024 | 11:52 am

ALCPF

INTC

TSM

WICOF

Morgan Stanley predicts significant benefits for TSMC, Alchip, and Wistron from Intel's new AI chip, Gaudi 3. TSMC will fabricate the chip, Alchip will provide design services, and Wistron will supply baseboards. The demand for AI chips is expected to drive revenue growth for these companies, with Intel's Gaudi shipments potentially reaching 300-400k units in 2025, generating $2-3bn in revenue. TSMC and Alchip are considered long-term winners in the AI semiconductor market.

Portfolio Pulse from Benzinga Neuro

April 24, 2024 | 11:51 am

IMMP

Immutep shares surged following the announcement of positive data from the evaluation of efti in combination with KEYTRUDA for treating recurrent/metastatic head and neck squamous cell carcinoma patients.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:49 am

PERF

Perfect Corp projects its 2024 total revenue growth to be between 12%-16% over 2023, driven by strong demand for its enterprise SaaS solutions and YouCam mobile apps subscriptions.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:48 am

EFX

Equifax Workforce Solutions has introduced Forms HQ, a new service aimed at streamlining the management of employee forms by automating their delivery, completion, and tracking. This innovation is expected to enhance operational efficiencies for businesses by simplifying the handling of essential employee documentation.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:46 am

META

NVDA

Meta Platforms Inc. (META) plans to purchase 350,000 Nvidia Corp. (NVDA) H100 GPUs by 2024, initially for Instagram Reels enhancement, not AI. Zuckerberg's revelation on a podcast highlighted the shift from Reels to AI as a strategic move. Meta's AI model, Llama 3, reportedly outperforms competitors, marking the investment as beneficial. The original intent was to make Instagram Reels competitive with TikTok, but the GPUs' application in AI development was a serendipitous outcome.

Portfolio Pulse from Rounak Jain

April 24, 2024 | 11:42 am

AMZN

Nextech3D.ai has chosen Amazon Web Services (AWS) as its primary cloud provider to foster innovation in 3D modeling for the ecommerce sector. This partnership aims to enhance Nextech3D.ai's capabilities in delivering advanced 3D modeling solutions to ecommerce platforms, leveraging AWS's extensive cloud services.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:42 am

AMST

Amesite's stock price increased following the announcement of the Beta release of its NurseMagic app.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:37 am