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TSLA

Financial expert Gary Black discussed the uncertain future of Tesla Inc. (NASDAQ:TSLA) stock ahead of its earnings call, emphasizing the impact of CEO Elon Musk's presentation of the timeline for Tesla's $25K compact vehicle. This vehicle is expected to significantly contribute to Tesla's volume as it targets the mass market. Black predicts production to start in 2026, despite Tesla's focus on the robotaxi project. Amidst this, Tesla shares have fallen, but Ark Invest, led by Cathie Wood, has purchased additional shares.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 11:17 am

V

Visa has introduced new digital enablement offerings aimed at accelerating growth for merchants. These solutions are designed to enhance the ease of accepting Visa payments, potentially increasing transaction volumes and improving customer experience.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:13 am

MBLY

Mobileye's stock is on the rise after a Reuters report revealed the company has received orders for 46 million EyeQ6 chips to be shipped in the coming years.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:13 am

BABA

PNQI

XNTK

Alibaba Group Holding Ltd (NYSE:BABA) is intensifying its efforts in open-source AI development, particularly in its large language model (LLM), to compete globally and foster collaboration. The company has released various versions of its LLM, including a 72-billion-parameter version, through platforms like ModelScope and Hugging Face. This strategy aims to enhance its AI technology's standing and facilitate commercial benefits through open-source development. Alibaba has also reduced cloud service prices significantly to attract international clients. However, U.S. technology restrictions have impacted its cloud business, leading to a search for alternative technology sources. Alibaba's stock has seen a 28% decline over the past year, but it showed a slight increase in premarket trading.

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 11:13 am

EVEX

Brazil's Eve has signed a letter of intentions with Airx to sell up to 50 eVTOLs, as reported by Reuters citing a filing. This move marks a significant step for Eve in the electric vertical takeoff and landing (eVTOL) aircraft market, potentially boosting its market presence and sales.

Portfolio Pulse from Charles Gross

April 17, 2024 | 11:12 am

DIVD

F

GM

IDVO

TM

Toyota Motor Corporation (NYSE:TM) shares dropped in premarket trading after announcing a recall of 211,000 Prius cars due to door handle issues affecting vehicles in Japan, North America, Europe, and Asia. The recall, involving certain 2023-2024MY Prius and Prius Prime vehicles, addresses a fault that could allow doors to open unexpectedly. Toyota will replace the affected parts at no cost to owners. TM's stock has seen over a 71% increase in the past year, with exposure available through ETFs like IDVO and DIVD. Additionally, Ford (NYSE:F) and General Motors (NYSE:GM) are also facing recalls for separate issues.

Portfolio Pulse from Nabaparna Bhattacharya

April 17, 2024 | 11:11 am

BIDU

Baidu has announced the launch of the second ERNIE Cup Innovation Challenge, aiming to foster innovation and development in AI technologies. This initiative is expected to attract global participants and enhance Baidu's reputation in the AI sector.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:08 am

VEEV

Veeva Systems has announced the launch of Veeva Vault CRM Campaign Manager, a new product aimed at enhancing customer relationship management for its clients.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:08 am

PLTR

Palantir Technologies has been designated as an 'awardable' vendor for the Chief Digital and Artificial Intelligence Office's Tradewinds Solutions Marketplace, positioning the company to potentially secure contracts and expand its involvement in government digital and AI projects.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:05 am

SPEC

Spectaire Holdings has entered into a distribution partnership with a Fortune 1000 energy company, granting it global distribution rights for Spectaire's Airecore units in the oil and gas industry.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:04 am