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NVDA

NVIDIA Corp. CEO Jensen Huang has recognized Huawei Technologies as a significant competitor in the AI chip market. During his visit to Singapore, he acknowledged the competition from Huawei, Intel, and various startups. Huawei has impressed the industry with a sophisticated smartphone processor and is a key player in China's independent chip environment. NVIDIA plans to launch new products for the Chinese market, complying with U.S. regulations. Baidu Inc. has switched from NVIDIA to Huawei for AI chips, highlighting shifts in global tech partnerships due to U.S. tech export restrictions.

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 11:40 am

ZOM

Zomedica will present new clinical data supporting new indications for PulseVet shock wave therapy at the American Association of Equine Practitioners' annual meeting. This could potentially expand the applications of PulseVet technology and enhance Zomedica's product offering in the veterinary market.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 11:36 am

MLGO

MicroAlgo, referred to as MLGO in the article, is setting up a postgraduate training practice base to enhance research and development capabilities.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 11:06 am

COIN

MARA

Coinbase (NASDAQ:COIN) and Marathon Digital (NASDAQ:MARA) stocks have seen significant increases following the rise in Bitcoin's value, with COIN up 74% in the past month and MARA up 2.83% on a recent Tuesday. When Bitcoin reached $42,000, COIN and MARA stocks rose 5.48% and 8.47%, respectively, from December 1 to December 4. The correlation between COIN and MARA stocks is very high, with a coefficient of determination (R^2) of 1.0.

Portfolio Pulse from Mehab Qureshi

December 06, 2023 | 11:00 am

TSLA

Tesla Inc (NASDAQ:TSLA) is offering discounts on inventory Model 3 vehicles, with a rear-wheel drive (RWD) version available for about $28,000 after a $7,500 federal tax incentive. This price is valid until December 31, after which the incentive will be reduced to $3,750 due to new guidance aimed at reducing Chinese content in EV batteries. State-wide incentives could further lower the price, but these come with income restrictions. Elon Musk has commented that such incentives are hard to access for the average person, making Tesla vehicles more expensive in the short term compared to competitors like the Toyota Corolla or RAV4.

Portfolio Pulse from Anan Ashraf

December 06, 2023 | 10:55 am

VLKAF

XPEV

XPENG and Volkswagen are advancing in their collaboration to develop two B-Class Battery Electric Vehicle (BEV) models, as reported in a recent filing.

Portfolio Pulse from Charles Gross

December 06, 2023 | 10:54 am

AAPL

NIO

PCRFF

TSLA

NIO Inc. (NYSE:NIO) is planning to spin off its battery manufacturing division to attract external investors and improve profitability. The division, with expertise from former Apple Inc. (NASDAQ:AAPL) and Panasonic Holdings Corporation (OTC:PCRFF) engineers, aims to complete the spin-off by year-end. The new facility is expected to produce batteries for approximately 400,000 EVs annually. Despite a 40% decline over the past year, NIO's stock rose after Q3 delivery numbers exceeded expectations and the company announced the acquisition of manufacturing assets from Anhui Jianghuai Automobile Group Corp.

Portfolio Pulse from Nabaparna Bhattacharya

December 06, 2023 | 10:50 am

NVDA

Nvidia's stock (NVDA) rose 1% in premarket trading after CEO Jensen Huang announced the company's commitment to developing new products that adhere to U.S. government export regulations to China. This statement comes amidst heightened regulatory scrutiny over technology exports to China, which could impact Nvidia's business operations in the region.

Portfolio Pulse from Charles Gross

December 06, 2023 | 10:38 am

AAPL

FXI

INDA

Apple Inc. is reportedly shifting towards manufacturing iPhone batteries in India, as part of its strategy to diversify its supply chain away from China. This move is seen as an effort to mitigate risks associated with over-reliance on Chinese manufacturing and to take advantage of potential cost savings and favorable government policies in India.

Portfolio Pulse from Charles Gross

December 06, 2023 | 10:09 am

LCID

Lucid Group Inc (NASDAQ:LCID) announced changes to its 2024 Lucid Air lineup, aiming to reduce starting prices, offer fewer models, and increase customization options to attract more customers and reduce cash burn. The Air lineup will now have four models, with the Pure starting at $77,400 and the Air Touring at $85,900. Details on the Grand Touring's price and specs will be released in early 2024. Lucid's Q3 earnings showed lower-than-expected vehicle production and sales, leading to a quarterly loss.

Portfolio Pulse from Anan Ashraf

December 06, 2023 | 9:58 am