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TPH

Tri Pointe Homes has announced the expansion of its premium lifestyle building operations with new divisions in Florida and the Coastal Carolinas, aiming to enhance its footprint in these regions.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:02 am

KBR

KBR, Inc. has been awarded an engineering services contract by First State Hydrogen. This contract signifies KBR's entry into the growing hydrogen market, potentially enhancing its portfolio of services in the energy sector.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:01 am

VVOS

Vivos Therapeutics, Inc. announced that its CARE oral medical devices for treating sleep related breathing disorders, including obstructive sleep apnea, have received full approval for Medicare reimbursement. This approval enables Medicare beneficiaries to receive coverage and reimbursement for the devices, effective immediately.

Portfolio Pulse from Charles Gross

April 09, 2024 | 9:53 am

TSLA

Martin Eberhard, Tesla Inc.'s co-founder and former CEO, criticized the company's decision to cancel the Model 2 project, aimed at creating an affordable EV. He highlighted the importance of affordable EVs in competing with Chinese models, particularly BYD Co.'s lineup, and stressed the need for cost-focused strategies in the EV market. Despite rumors of the project's cancellation, Tesla's chief designer hinted at ongoing development, amidst Tesla facing intense competition from BYD, which overtook Tesla as the world's largest battery EV manufacturer.

Portfolio Pulse from Benzinga Neuro

April 09, 2024 | 9:50 am

AAPL

IYW

MSFT

QCOM

VGT

Microsoft Corp is set to unveil its Qualcomm-powered 'AI PCs' aimed at surpassing Apple Inc's MacBook Air in performance. These devices, featuring Snapdragon X Elite processors, are expected to excel in CPU performance, AI-accelerated tasks, and app emulation. Microsoft plans to showcase these capabilities against Apple's M3 MacBook Air, emphasizing faster CPU tasks and more efficient app emulation. The initiative includes the release of consumer versions of the Surface Pro 10 and Surface Laptop 6 with these processors, introducing exclusive AI-powered Windows functionalities. Microsoft's move reflects a broader industry trend towards integrating AI into PCs, with significant investments from other tech giants like AMD and Intel.

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 9:43 am

ETH-USD

SOL-USD

Crypto analyst The Moon predicts the Chuck Norris-inspired memecoin CHUCK, built on Ethereum, could surge 1200% if it surpasses its next resistance level. Despite being on the verge of being overbought, the MACD indicates a bullish trend. CHUCK has a market cap of $4.16 million, liquidity over $400,000, and 42 billion tokens across 625 owners. It aims to be listed on CoinMarketCap and differentiates by being on Ethereum, unlike many memecoins on Solana.

Portfolio Pulse from Mehab Qureshi

April 09, 2024 | 9:30 am

FFIE

Faraday Future has established a sales entity in Dubai, marking its entry into the Middle East. This expansion is part of FF's 'third pole' geographic strategy, which also includes the U.S. and China, both significant markets for high-end, innovative products.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 9:10 am

GM

General Motors Co's autonomous driving unit Cruise is reportedly preparing to resume robotaxi testing in Phoenix, Arizona, with safety drivers. This comes after operations were suspended following a pedestrian accident in San Francisco. GM reported a $3.48 billion operating loss at Cruise in 2023, but CEO Mary Barra reaffirmed the company's commitment to Cruise, indicating reduced spending but continued investment in self-driving technology.

Portfolio Pulse from Anan Ashraf

April 09, 2024 | 9:09 am

TSLA

Tesla Inc.'s Megapacks played a crucial role in stabilizing the Texas power grid during a solar eclipse by filling an energy void of over one gigawatt. This event underscores the growing importance and demand for Tesla's stationary energy storage products, which saw a record deployment of 4,053 MWh in Q1 2024, marking a 4.2% year-on-year increase. Tesla's energy storage business is expected to grow at a rate surpassing its automotive sector in 2024.

Portfolio Pulse from Anan Ashraf

April 09, 2024 | 8:50 am

GOOG

GOOGL

Elon Musk criticized Alphabet Inc.'s Google Gemini AI for its 'politically correct' programming, suggesting it could be dangerous and doubting future versions would significantly deviate from this approach. Musk emphasized the need for AI regulation to keep pace with technological advancements to ensure safety. Google's Gemini AI faced controversy for inaccuracies and misrepresentations, leading to a temporary pause on its image generation feature.

Portfolio Pulse from Ananya Gairola

April 09, 2024 | 8:47 am