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VINP

Vinci Partners is set to acquire MAV Capital, aiming to expand its reach in Brazil's agribusiness sector. This move is intended to consolidate Vinci's position in a significantly underserved segment, leveraging Brazil's status as a key global player in agribusiness. The acquisition, aligning with Vinci's growth strategy, will enhance its credit segment and establish a dedicated agribusiness vertical.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 7:23 am

TSLA

Tesla investor Sawyer Merritt highlighted on CNBC's 'Last Call' the significant lead Tesla has in data collection for self-driving technology, with Tesla owners now driving 1 billion miles every 68 days using Full-Self Driving (FSD), a 250% increase from three months ago. Despite a 9% year-on-year decrease in Q1 revenue, Tesla's stock surged 12% after the earnings report, buoyed by positive investor sentiment towards its future plans and an upgrade from Bank of America from Neutral to Buy. Tesla's stock closed at $170.18, up 4.97%.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 5:39 am

GOOG

GOOGL

Alphabet Inc. announced its first dividend during its Q1 earnings, sparking discussions about its status as a tech company, a concern previously raised by PayPal co-founder Peter Thiel in 2012. Thiel had warned that issuing a dividend could signal a lack of technological innovation. Despite this, Alphabet reported a 15% revenue increase year-over-year to $80.539 billion and earnings of $1.89 per share, surpassing analyst expectations. CEO Sundar Pichai projects significant growth, particularly from YouTube and Cloud businesses, and emphasizes Alphabet's commitment to AI with a $12 billion capital expenditure. Alphabet's Class A and Class C stocks saw significant increases in after-hours trading.

Portfolio Pulse from kaustubh@benzinga.com

April 26, 2024 | 5:36 am

MSFT

NTDOY

SONY

Microsoft CEO Satya Nadella announced record-breaking gaming performance and expansion to Nintendo Switch and Sony PlayStation. The company set new records for game streaming hours, console usage, and monthly active devices, with Diablo 4's launch on Game Pass being notably successful. Microsoft's gaming division significantly contributed to a 17% year-over-year revenue increase to $61.9 billion, surpassing analyst estimates. The expansion includes bringing four fan-favorite titles to Nintendo and Sony platforms, marking a strategic move following the acquisition of Activision Blizzard.

Portfolio Pulse from Ananya Gairola

April 26, 2024 | 4:33 am

MSFT

Microsoft CEO Satya Nadella highlighted the strong demand for Azure, especially in AI, during the third-quarter earnings call. Azure Search, used by ChatGPT, is among the fastest-growing services. Microsoft's Q3 revenue rose 17% year-over-year to $61.9 billion, surpassing estimates. Azure is closing the gap with Amazon Web Services, with predictions of its growth accelerating to 29%-30% year-on-year. Microsoft shares were up 4.31% in after-hours trading.

Portfolio Pulse from Ananya Gairola

April 26, 2024 | 3:55 am

INTC

Intel Corporation's CEO, Pat Gelsinger, remains optimistic about the company's future despite disappointing first-quarter results, emphasizing upcoming products like Sierra Forest, Granite Rapids, and Clearwater Forest. These products are expected to help Intel regain its leadership in the data center market. Despite a drop in share price following the earnings report, Gelsinger's confidence and the potential turnaround for Intel's subsidiary, Mobileye, could reassure investors.

Portfolio Pulse from kaustubh@benzinga.com

April 26, 2024 | 3:32 am

TSLA

Drew Baglino, former SVP of Tesla Inc. (NASDAQ:TSLA), sold 1.14 million shares worth $181.5 million following his resignation. This sale is part of a series of transactions after leaving the company, which is undergoing strategic shifts including a focus on AI and self-driving technology. Despite a 9% drop in Q1 revenue, Tesla's stock surged 18% after CEO Elon Musk's optimistic outlook on AI and self-driving vehicles. Analysts are divided on Tesla's near-term prospects.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 3:01 am

GOOG

GOOGL

Alphabet Inc. CEO Sundar Pichai projects YouTube and Cloud businesses to generate $100 billion by 2024, indicating a 25% growth rate over the next three quarters. This forecast follows Alphabet's Q1 earnings report showing a 15% year-over-year revenue increase to $80.539 billion and earnings of $1.89 per share, surpassing analyst estimates. Alphabet's stock rose significantly in after-hours trading following the announcement.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 2:32 am

GOOG

GOOGL

Alphabet Inc. CEO Sundar Pichai expressed confidence in managing costs for the new search experience with generative answers, following strong first-quarter earnings. The company beat analyst estimates, with revenue up 15% year-over-year. There's speculation about Google charging for AI-powered search, which could generate additional revenue. Alphabet's Class A and Class C shares saw significant after-hours gains.

Portfolio Pulse from Ananya Gairola

April 26, 2024 | 2:28 am

GOOG

GOOGL

Alphabet Inc.'s CEO Sundar Pichai praised the development of Gemini AI during the first-quarter earnings call, highlighting its advancements and the release of Gemini 1.5 Pro. Despite controversies over its accuracy, Pichai noted the enthusiastic adoption of Gemini by developers and enterprise customers. The AI's innovative features have been overshadowed by criticism for generating historically inaccurate images, leading to temporary disabling of its image generation capability. Alphabet's Class A and Class C shares saw significant after-hours gains.

Portfolio Pulse from Ananya Gairola

April 26, 2024 | 2:12 am