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MRNA

Moderna, Inc. (NASDAQ:MRNA) is anticipated to report a Q4 loss with earnings expected at 97 cents per share compared to $3.61 per share a year ago, and revenue projected at $2.5 billion versus $5.08 billion in the previous year. The company announced updates at the JPMorgan Healthcare Conference, highlighting 45 therapeutic and vaccine programs, with nine in late-stage development. Analysts have provided mixed ratings, with price targets ranging from $82 to $142.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 7:32 am

ALCPF

TSM

Taiwanese chip companies are expanding their operations in Japan as a strategic move amidst the U.S. efforts to limit China's semiconductor advancements. Companies like Alchip Techs and eMemory Technology are relocating or establishing operations in Japan, benefiting from the country's supportive government and subsidies. Taiwan Semiconductor (TSM) is also setting up its first plant in Kyushu, Japan, with plans for a second, highlighting Japan's growing importance in the global semiconductor supply chain.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 7:30 am

BB

BlackBerry has announced a partnership with the SANS Institute to establish the BlackBerry Cybersecurity Center of Excellence (CCoE) in Malaysia. This initiative aims to offer SANS training courses to enhance cybersecurity skills and grow the cyber workforce in Malaysia and the Indo-Pacific region.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 7:16 am

GOOG

GOOGL

Google's Gemini, an AI-generated image tool by Alphabet Inc. (GOOG, GOOGL), has been criticized for producing inaccurate historical images. Google acknowledged the issue, stating efforts are underway to address these inaccuracies and improve representation and bias in image generation. The criticism was highlighted by tech figures and verified by Benzinga's tests, which showed Gemini's inability to generate images of Alphabet's founders accurately.

Portfolio Pulse from Ananya Gairola

February 22, 2024 | 7:05 am

AVNS

Avanos Medical has initiated a voluntary recall of specific lots of its MIC* Gastric – Jejunal Feeding Tube Kits due to a related recall by Nurse Assist for potential lack of sterility in their sterile water products. This action is in response to concerns that non-sterile water could pose infection risks to patients. The FDA has reported adverse events associated with Nurse Assist products, but Avanos has not received direct reports of adverse events.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 6:53 am

FFND

TSLA

Gary Black of Future Fund admitted he has been wrong about Tesla (TSLA) for three years, citing the stock's underperformance and his misjudgment on its volume growth and earnings power due to price cuts and a delayed affordable model. Despite these setbacks, he remains bullish on Tesla, expecting its stock to reach a $290 price target based on the assumption that other EV makers will reduce their investments.

Portfolio Pulse from Shanthi Rexaline

February 22, 2024 | 6:40 am

GOOGL

Google (NASDAQ:GOOGL) is set to start manufacturing its Pixel smartphones in India, beginning with the Pixel 8 Pro in Southern India and the Pixel 8 in Northern India. This move aims to diversify its supply chain and tap into the Indian market, following a trend among tech companies like Apple and Samsung. The decision reflects a shift from manufacturing in Vietnam due to US-China tensions and aligns with the 'China+2' strategy for supply chain resilience.

Portfolio Pulse from Shomik Sen Bhattacharjee

February 22, 2024 | 6:07 am

ADAUSD

BTCUSD

ETHUSD

Arthur Hayes, co-founder of BitMex and a Bitcoin supporter, criticized the utility of dApps within the Cardano ecosystem, calling ADA 'dog sh*t'. He challenged the Cardano community to name heavily used dApps that launched on Cardano. Charles Hoskinson, Cardano's co-founder, was tagged in Hayes' comments but responded without addressing the challenge directly. Hayes has previously described Cardano as a 'wannabe Ethereum'. Despite growth, Cardano's DeFi sector remains modest with a TVL of $460 million.

Portfolio Pulse from Mehab Qureshi

February 22, 2024 | 5:59 am

NVDA

Tesla Inc. investor Ross Gerber praised Nvidia Corporation (NASDAQ:NVDA) for its performance and AI expansion, calling it 'wildly undervalued' after a record quarter. Nvidia's Q4 earnings exceeded forecasts with non-GAAP EPS of $5.16 and revenue of $22.10 billion, marking a 265% year-over-year growth. The company's success in AI and gaming has led to a 529% increase in shares, rebounding from a previous 68% decline. Gene Munster highlighted Nvidia's long-term growth potential in the AI sector.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 5:32 am

AAL

DAL

UAL

United Airlines Holdings Inc (NASDAQ:UAL) is set to resume direct flights to Israel in March, becoming the first U.S. carrier to do so since the Gaza war in October. The service will restart from Newark to Tel Aviv with daily nonstop flights using a Boeing 787-10. This move could mark a turning point for travel to Israel, which had seen a decline due to security concerns. Other major U.S. carriers, American Airlines Group Inc. (NASDAQ:AAL) and Delta Air Lines, Inc. (NYSE:DAL), had also suspended their services following the Hamas attack but have not announced plans to resume flights.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 5:27 am