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MGM

BetMGM, a leading sports betting and iGaming operator, has launched a new version of its sports betting app for the 2023-24 football season. The updated app includes features such as a free $100,000 survivor pool, enhanced functionality with same-game parlays, and more. BetMGM currently operates in 26 markets with mobile and retail offerings. The company continues to focus on responsible gambling education as it expands to new markets.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 7:19 pm

GM

GM-backed Cruise is reportedly close to receiving regulatory approval to begin mass production of its fully autonomous vehicle, the Origin robotaxi, which lacks a steering wheel or pedals. The approval is expected to come from the National Highway Traffic Safety Administration (NHTSA), which grants a limited number of exemptions to federal motor vehicle safety standards each year. The decision is expected to be made later this month.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 7:15 pm

BABA

Ant Group, parent company of Alibaba Group Holding Ltd - ADR (NYSE:BABA), announced the addition of four mobile wallets now accepted in the Philippines as part of its Alipay+ global cross-border digital payments and marketing solution. The move comes amid a reopening of travelers to the Philippines, allowing them to enjoy a cashless experience using these wallets. Ant Group CEO Eric Jing Xiandong also announced support for the Chinese sovereign digital currency e-CNY.

Portfolio Pulse from Khyathi Dalal

September 07, 2023 | 7:13 pm

AAPL

QCOM

Qualcomm Incorporated (NASDAQ:QCOM) shares fell over 7% amid competitive concerns from Huawei's announcement of its Mate 60 Pro with a new 7nm chip. This could position Huawei to retake its market leadership position, making Qualcomm vulnerable. Additionally, China's ban on the use of Apple (NASDAQ:AAPL) devices for official use may put pressure on other stocks in the chip sector.

Portfolio Pulse from Ryan Gustafson

September 07, 2023 | 7:12 pm

JEWL

RIO

The rise of lab-grown diamonds is negatively impacting the natural diamond market, with Rio Tinto's stock generating lower highs. Adamas One Corp, a lab-grown diamond company, is suggested as a promising investment due to the increasing popularity and ethical appeal of lab-grown diamonds.

Portfolio Pulse from Thrash Capital

September 07, 2023 | 6:51 pm

INTU

Intuit Inc (NASDAQ:INTU) received a price target boost from analysts at BMO Capital Markets and KeyBanc following the launch of its new GenAI-powered assistant, Intuit Assist. The assistant is integrated across all major business segments, including QuickBooks, Mailchimp, TurboTax, and Credit Karma. Analysts believe that Intuit Assist can boost the company's innovation trajectory and offer a vast set of potential use cases for self-employed and small to mid-sized businesses.

Portfolio Pulse from Lekha Gupta

September 07, 2023 | 6:44 pm

MSFT

According to Similarweb data cited by Reuters, the traffic for ChatGPT has slipped for the third consecutive month. The worldwide desktop and mobile website traffic for ChatGPT fell by 5% in August, following declines in each of the previous two months.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 6:39 pm

TSLA

A new biography of Tesla Inc (NASDAQ:TSLA) CEO Elon Musk by Walter Isaacson reveals details about Musk's personal life, including his relationship with Neuralink director Shivon Zilis and their twins. The book also discusses Musk's concerns about artificial intelligence (AI) and its potential threats to human civilization. Musk has stated that he does not plan to appoint any of his children as successors to his companies or give them any of his voting shares.

Portfolio Pulse from Adam Eckert

September 07, 2023 | 6:31 pm

KRMD

B. Riley has initiated coverage of KORU Medical Systems Inc (NASDAQ:KRMD) with a Buy rating and a price target of $4.50. The company's Freedom Infusion System, which allows patients to self-administer subcutaneous immunoglobulin (SCIg) therapy, is expected to drive a 20% compound annual growth rate in its top-line revenue through 2026. The system is poised to tap into a market opportunity exceeding $2 billion.

Portfolio Pulse from Vandana Singh

September 07, 2023 | 6:27 pm

UBER

Uber CEO announced at the Goldman Sachs Conference that about 13% of Uber Eats users have ordered groceries, marking a year-over-year increase of about 300 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 6:16 pm