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JOBY

Joby Aviation Inc (NYSE:JOBY) successfully conducted the first-ever electric air taxi flight in New York City, demonstrating its eVTOL aircraft's capabilities. The flight took off from Downtown Heliport in Manhattan, showcasing the potential for urban air mobility. Joby, in partnership with Delta Air Lines, Inc. (NYSE:DAL), plans to launch commercial passenger service in New York by 2025, offering a fast and quiet travel option with zero operating emissions. The service aims to reduce travel time from Manhattan to JFK Airport to just seven minutes. JOBY shares saw a premarket increase of 3.48% to $5.65.

Portfolio Pulse from Shivani Kumaresan

November 14, 2023 | 11:55 am

BA

Ethiopian Airlines CEO announced the purchase of 20 Boeing 737 jets and 11 Boeing 787-9 aircraft, as reported by Reuters.

Portfolio Pulse from Charles Gross

November 14, 2023 | 11:29 am

META

Adam Mosseri, head of Instagram, announced that users can now delete their Threads accounts without affecting their Instagram accounts. Previously, deleting a Threads account required deleting the associated Instagram account due to their integration. Meta Platforms Inc. (NASDAQ:META) has updated the Threads app to allow users to delete or deactivate their profiles independently. Deactivation is temporary, while deletion is permanent. The update also includes an option to prevent posts from appearing on Instagram and Facebook.

Portfolio Pulse from Rounak Jain

November 14, 2023 | 11:17 am

XPEV

XPENG, a Chinese electric vehicle manufacturer, is set to unveil its flagship Multi-Purpose Vehicle (MPV), the XPENG X9, at Auto Guangzhou 2023. This event is significant as it showcases the company's latest advancements in the electric vehicle space and could potentially influence investor sentiment and the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:05 am

AMD

INTC

NVDA

SOXX

Roth MKM analyst Suji DeSilva initiated coverage of AMD with a Buy rating and a $125 price target, citing the company's differentiated portfolio and strong position in the AI infrastructure market. AMD's data center revenue is expected to grow significantly, with AI Instinct product sales projected to reach $400 million in Q4 and $2 billion in 2024. AMD's market share in x86-based server processors has risen to 25%, outperforming Intel's data center revenue growth. The company is also positioned to compete with Nvidia in AI, leveraging open-source tools as an alternative to Nvidia's CUDA. AMD's stock has risen 80.31% this year, outpacing the iShares Semiconductor ETF's 41.85% gain.

Portfolio Pulse from Shanthi Rexaline

November 14, 2023 | 10:57 am

SOL

Mad Lads NFTs on the Solana blockchain have hit a new all-time high in price following the appointment of Can Sun, a former FTX general counsel, to lead Trek Labs, a startup associated with Backpack and Coral. Trek Labs, which has secured a Virtual Asset Service Provider license in Dubai, is offering a 10% stake in the company, valued at over $100 million. The beta signups for the Backpack exchange are currently open exclusively to Mad Lads NFT holders, potentially driving up demand for these NFTs.

Portfolio Pulse from Benzinga Neuro

November 14, 2023 | 10:50 am

BA

Boeing and Oman Air have announced an order and delivery for Oman Air's first 737-800 Boeing Converted Freighter. This marks the Muscat-based carrier's initial foray into dedicated cargo aircraft.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:32 am

TSLA

Tesla, Inc.'s (NASDAQ:TSLA) sales in China continue to struggle, with insurance registrations for Tesla vehicles showing a decline. The week of November 6-12 saw 13,000 units, down from 14,000 units the previous week. Despite the launch of the Model 3 refresh, quarter-to-date insured registrations are 7% below Q3. Tesla has recently increased prices for several models in China, which could impact consumer demand amid global economic uncertainty. However, Gary Black views the price hikes as a positive signal that may alleviate investor concerns about shrinking auto gross margins. Tesla's stock rose 1.67% in premarket trading on Tuesday.

Portfolio Pulse from Shanthi Rexaline

November 14, 2023 | 10:08 am

TSLA

XPEV

Elon Musk and Tesla fans have pointed out the similarities between XPeng's latest UI visualization and Tesla's FSD UI. A video shared by a Tesla enthusiast sparked comments about the apparent copying of Tesla's interface design. Musk responded with a thinking face emoji, further fueling the discussion. This is not the first time Tesla has accused XPeng of imitation; Tesla sued a former engineer in 2019 for copying Autopilot source code before joining XPeng, which was settled in 2021.

Portfolio Pulse from Anan Ashraf

November 14, 2023 | 9:55 am

AZN

China has granted approval to AstraZeneca's Imfinzi (Durvalumab) for use as a first-line treatment for locally advanced or metastatic biliary tract cancer in combination with chemotherapy drugs Gemcitabine and Cisplatin.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:53 am