Streetbeat News

Products Services

MSFT

NVDA

ORCL

Jim Cramer expressed skepticism about Microsoft's ability to compete with Nvidia in the AI chip market, despite Microsoft's announcement of its in-house AI chips at the Ignite 2023 conference. Microsoft has partnered with Oracle to access Nvidia chips, which Cramer sees as an indication of Microsoft's inability to compete with Nvidia's technology. Microsoft launched the Azure Cobalt CPU and AI accelerator chip Maia, and plans to resell Azure Cobalt to other cloud providers. The Microsoft-Oracle partnership allows Microsoft to use Oracle Cloud AI Infrastructure alongside Azure AI infrastructure. Oracle is also a customer of Nvidia's AI chips. Microsoft's stock saw a marginal increase, while Nvidia's stock ended a winning streak with a slight decline.

Portfolio Pulse from Shanthi Rexaline

November 16, 2023 | 6:04 am

AAPL

Apple Inc. (NASDAQ:AAPL) is under scrutiny by U.S. lawmakers after the cancellation of Jon Stewart's show on Apple TV+ due to creative differences, allegedly related to content about China. The House Select Committee on Competition with the Chinese Communist Party has requested a meeting with Apple representatives by December 15, 2023, to discuss concerns over potential Chinese interference in Apple's content decisions. The issue arises amid broader worries about Chinese censorship impacting the media industry.

Portfolio Pulse from Benzinga Neuro

November 16, 2023 | 5:43 am

AAPL

BTDR

Apple is expected to allow EU iPhone users to sideload apps, which could increase phishing risks for crypto users, according to blockchain security firms. The move is in response to the EU's Digital Markets Act. Security experts warn of the potential for phishing attacks, asset theft, and password theft. Apple has previously warned about the dangers of sideloading apps. Bitcoin saw a price increase of 3% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 16, 2023 | 5:07 am

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) is set to release a new over-the-air (OTA) update to fix an infotainment system issue caused by a previous incorrect software update. The issue affected 3% of Rivian vehicles, but the company has confirmed that no physical repairs are needed, and customers can install the fix through the Rivian mobile app.

Portfolio Pulse from Anan Ashraf

November 16, 2023 | 4:27 am

ETH-USD

SHIB-USD

The Shiba Inu ecosystem Shibarium has partnered with the Manny Pacquiao Foundation to aid in fundraising and operations. Shibarium, a layer 2 blockchain built on Ethereum, offers faster and cheaper transactions, which could benefit the foundation's charitable activities. Despite initial launch issues, Shibarium is processing thousands of transactions daily. SHIB, the ecosystem's token, has seen a 4.70% increase in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 16, 2023 | 4:09 am

GBTC

Cathie Wood, CEO of ARK Invest, predicts that the approval of a U.S. Bitcoin ETF could challenge the Grayscale Bitcoin Trust's (GBTC) market position. ARK Invest, in partnership with 21 Shares, is awaiting SEC approval to launch a Bitcoin ETF. Wood believes this could introduce more liquid investment options and attract new investors, but also warns of potential profit-taking post-launch. ARK Invest has recently sold $6 million worth of GBTC shares, which Wood attributes to routine profit-taking.

Portfolio Pulse from Benzinga Neuro

November 16, 2023 | 3:17 am

MSFT

Wedbush analyst Dan Ives has increased the price target for Microsoft Corporation (NASDAQ:MSFT) from $400 to $425, citing the potential for 'game-changing' AI monetization from its Co-Pilot AI product. Microsoft also announced the development of two custom chips, Maia and Cobalt, to enhance its Azure cloud service and reduce internal costs, respectively. These developments position Microsoft as a 'Top Pick' for 2024 and reflect the company's strategic moves in AI amidst a global chip shortage.

Portfolio Pulse from Ananya Gairola

November 16, 2023 | 1:28 am

MSFT

Microsoft Corp (NASDAQ:MSFT) announced new games for Xbox Game Pass for November 2023, including Coral Island, Persona 5 Tactica, Dune: Spice Wars, and Rollerdrome. Coral Island is now available, while Persona 5 Tactica and Dune: Spice Wars will be available later in the month. Rollerdrome will also join Game Pass on Nov. 28. Seven games will leave Game Pass on Nov. 30.

Portfolio Pulse from Franca Quarneti

November 15, 2023 | 11:18 pm

TTWO

Take-Two Interactive Software Inc's CEO Strauss Zelnick proposed a new algorithm for video game pricing based on the length and engagement of a game during a financial call. The algorithm would calculate the cost of a game by considering the per-hour value multiplied by the anticipated play hours and the perceived value of ownership. Zelnick noted that while gamers get great deals from extensive play, publishers lack direct control over retail prices, which could complicate the implementation of this pricing strategy. The impact on the price of the upcoming Grand Theft Auto 6 (GTA 6) was not specified, but it could be higher if the algorithm is applied.

Portfolio Pulse from Franca Quarneti

November 15, 2023 | 11:06 pm