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Cryptocurrencies showed mixed performance with Bitcoin slightly up, Ethereum down, and Dogecoin up after the release of U.S. jobs data. The market is optimistic about the potential approval of spot Bitcoin ETFs and the upcoming BTC mining reward halving. Binance's CZ pleaded guilty to violating the Bank Secrecy Act. U.S. stocks declined as investors processed inflation data and awaited the jobs report. Analysts predict Bitcoin could reach $47K, advising investors to take profits and buy corrections. The global crypto market cap increased by 1.18% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 07, 2023 | 3:29 am

TTWO

The trailer for Grand Theft Auto 6 (GTA 6) by Take-Two Interactive Software Inc's Rockstar Games has broken records by reaching 108 million views in less than 48 hours, surpassing the views of its predecessor's reveal trailer. The trailer, which leaked a day early, features the game set in Vice City and introduces dual protagonists, Jason and Lucia. It has outperformed other major game trailers and set a new 24-hour YouTube record for video game reveals. However, PC players are disappointed due to the lack of a confirmed release for their platform, and the leak caused frustration within Rockstar and the gaming community.

Portfolio Pulse from Franca Quarneti

December 06, 2023 | 11:42 pm

BNB

COIN

ETHUSD

Ethereum's gas fees have been fluctuating, with significant drops and surges in recent times. In October 2023, fees dropped due to decreased DeFi, NFT, and Telegram bot activity, with top spenders like Binance and Coinbase spending 30% less. The shift to Ethereum 2.0 and a PoS consensus mechanism led to a 99.9% reduction in energy consumption and lower fees. However, events like Binance activating dormant wallets and the launch of Buterin Cards NFTs caused fees to spike. High gas fees have driven users towards alternative blockchains like BNB Chain, Solana, and Cardano. Social media users have expressed frustration with the high costs, often humorously.

Portfolio Pulse from Khyathi Dalal

December 06, 2023 | 11:11 pm

FSR

Fisker Inc. (NYSE:FSR) Chairman and CEO Henrik Fisker issued a statement defending the company against negative reports, claiming they are 'overblown' and highlighting the company's progress and industry firsts. Despite a 10% drop in the stock price during Wednesday's trading session, Fisker expressed confidence in the long-term prospects of the company, stating that the current share price does not reflect its positive attributes. Fisker stock saw a slight increase in after-hours trading.

Portfolio Pulse from Ryan Gustafson

December 06, 2023 | 11:03 pm

MNOV

MediciNova has received a notice of decision to grant a new patent in Europe for MN-166 (ibudilast), which is used for the treatment of progressive multiple sclerosis (MS). This development could potentially strengthen the company's intellectual property portfolio and market position in the European market for MS treatments.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 11:02 pm

AMZN

GOOG

META

MSFT

Google has launched 'Gemini', an AI software designed to compete with OpenAI's GPT-4. Gemini boasts superior math, coding, and reasoning capabilities and can process video, image, or voice inputs. This move is part of a tech industry arms race involving companies like Microsoft, Facebook, and smaller firms like OpenAI. Google's Bard will integrate Gemini, enhancing its features. Microsoft's Bing, OpenAI's GPT4, Google's Bard, Meta's Llama 2, OpenAI's GPT Store, and Amazon's Q are all part of the competitive landscape in AI development.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:57 pm

MDT

Medtronic has terminated agreements with EOFlow due to multiple breaches, as stated in a filing on December 6, 2023. This termination does not affect Medtronic's FY 2024 adjusted EPS guidance. Medtronic is still progressing with its automated insulin dosing product pipeline, including a patch pump.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:26 pm

AI

C3.ai Inc (NYSE:AI) reported Q2 financial results with a revenue increase of 17% year-over-year to $73.23 million, missing estimates by $1.1 million. The company beat EPS estimates with an adjusted loss of 13 cents per share versus the expected 18 cents. Subscription revenues grew by 12%, and customer engagement by 81%. C3.ai closed 62 customer agreements, including 36 pilots, and ended the quarter with $762.3 million in cash and investments. The company expressed strong interest in generative AI offerings and plans to invest further in this area, expecting to accelerate growth and gain market share. C3.ai provided a Q3 revenue outlook of $74 million to $78 million and reaffirmed full-year 2024 revenue projections of $295 million to $320 million. After the report, C3.ai shares dropped 8.88% in after-hours trading.

Portfolio Pulse from Adam Eckert

December 06, 2023 | 10:19 pm

AMD

META

MSFT

NVDA

ORCL

AMD's new AI chip, the Instinct MI300X, is being adopted by Meta, Microsoft, and OpenAI, challenging Nvidia's market dominance. The chip, with 192GB of HBM3 memory, is set to release next year and is expected to be a cost-effective alternative to Nvidia's GPUs. Meta will use it for AI tasks, and Microsoft will offer it through Azure. Oracle's cloud will also integrate these GPUs. Despite the positive news, AMD's stock fell 1.3%, while Nvidia's dropped 2.3% amidst a broader tech sector decline.

Portfolio Pulse from Piero Cingari

December 06, 2023 | 10:10 pm

DNA

Synplogen and Ginkgo Bioworks have announced a collaboration to expedite DNA manufacturing and gene therapy services in Japan. Synplogen will facilitate the introduction of Ginkgo's services to the Japanese biotech and pharmaceutical sectors.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:08 pm