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NKLA

Trevor Milton, founder of Nikola Corp (NASDAQ:NKLA), is seeking probation to avoid jail time after being convicted of fraud. His lawyers argue that Nikola is a 'real company with real products,' unlike Theranos. They claim Milton had no malicious intent, just unwavering faith in his company. Nikola's Q3 gross loss increased, and a recall was issued for its battery electric trucks due to fire incidents.

Portfolio Pulse from Anan Ashraf

November 16, 2023 | 6:59 am

WMT

Walmart Inc. (NYSE:WMT) is expected to release its Q3 earnings before the market opens on Nov. 16, 2023, with forecasts suggesting an EPS of $1.52, up from $1.50 a year ago, and revenues of $159.55 billion. The company is also planning to open a new fulfillment center in 2026. Ahead of the earnings call, several analysts have revised their ratings and price targets for Walmart, with most maintaining positive outlooks and increasing their price targets.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 6:49 am

F

TSLA

Elon Musk, CEO of Tesla Inc, described the Cybertruck as 'alien technology' in response to a video comparing its offroad capabilities with Ford's F-150 Lightning. Both vehicles were shown handling muddy terrain in a video. Ford CEO Jim Farley highlighted the F-150 Lightning's performance with a video captioned 'F-150 Lightning does it all.' Despite Musk's previous praise for Ford's EV strategy, Ford's electric vehicle sales have dropped by 46% from the previous year. The first Cybertruck deliveries are expected on Nov. 30 at Gigafactory Texas, but details on performance and pricing remain undisclosed.

Portfolio Pulse from Anan Ashraf

November 16, 2023 | 6:18 am

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