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AAPL

Former Apple CEO John Sculley praised the new Apple Vision Pro, comparing its impact to that of the iPhone. He highlighted the device's superior user experience over Meta Platforms' Oculus and commended Tim Cook's team for their work. The Vision Pro, Apple's first new product in seven years, launched in New York City and is seen as a significant addition to Apple's product line, potentially impacting its overall value positively.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 8:53 am

AAPL

INTC

META

Ark Invest analyst Andrew Kim predicts the end of the smartphone duopoly, highlighting Meta Platforms Inc.'s Ray-Ban smart glasses and other AI consumer hardware as potential disruptors. Meta's impressive financial results and focus on smart glasses and generative AI indicate a shift towards a post-smartphone era. The proliferation of AI hardware, including products like Humane Ai Pin, Tab, and Rabbit R1, suggests a fragmentation in consumer hardware similar to early personal computers and smartphones. Companies like NVIDIA, Intel, and Apple are also making strides in AI hardware, with Apple's Vision Pro mixed-reality headset facing mixed reviews and developer criticism.

Portfolio Pulse from Ananya Gairola

February 06, 2024 | 8:51 am

GSK

The China National Medical Products Administration's Center For Drug Evaluation has accepted GSK's regulatory application for Shingrix, a vaccine for preventing shingles in adults.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:43 am

GSK

The FDA has accepted GSK's application for priority review to extend the use of its Arexvy RSV vaccine to adults aged 50-59. Currently, Arexvy is approved in the US for adults aged 60 and over to prevent lower respiratory tract disease caused by RSV. If approved, it would be the first vaccine for this age group.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:41 am

CSCO

NVDA

Cisco and NVIDIA have announced a collaboration to deliver AI infrastructure solutions for data centers, focusing on ease of deployment and management. This partnership aims to provide the necessary computing power for enterprises to thrive in the AI era.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:31 am

AMZN

GOOGL

NVDA

SOXX

Nvidia Corp. (NASDAQ:NVDA) shares surged 4.79% on Monday, reaching a new high of $693.32, after Goldman Sachs raised its price target to $800. The company's market cap is close to surpassing those of Amazon, Inc. (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOGL), with Nvidia's stock up 40% this year, outperforming the iShares Semiconductor ETF (NASDAQ:SOXX), the S&P 500, and the Nasdaq 100. Nvidia's growth is driven by its leadership in AI, with upcoming Q4 results expected to further boost its valuation.

Portfolio Pulse from Shanthi Rexaline

February 06, 2024 | 8:26 am

CMCSA

GOOG

GOOGL

T

VZ

Alphabet Inc. is seeking external investment for its GFiber internet business to accelerate growth. GFiber, competing with Comcast, Verizon, and AT&T, has expanded to 15 states and plans to reach over 25 additional cities. Alphabet aims to scale GFiber's technical leadership and reach by raising external capital, potentially leading to GFiber becoming independent. This move follows GFiber's significant expansions and the introduction of a 20Gbps internet service.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 8:09 am

BP

BP anticipates a slight increase in both reported and underlying upstream production for 2024 compared to 2023, with higher oil production and lower gas & low carbon energy production. The company expects capital expenditure to be around $16 billion, mainly in the first half, and divestment proceeds of $2-3 billion, mainly in the second half. Growth is expected in the convenience sector, including contributions from TravelCenters of America, and in Castrol and bp pulse due to volume growth and higher energy sold. However, industry refining margins are expected to be lower, with refinery activity impacting financial performance similarly to 2023. The annual charge for other businesses & corporate is projected at $1.0 billion, and depreciation, depletion, and amortization slightly higher than 2023. The underlying ETR for 2024 is expected to be around 40%, sensitive to price volatility. Gulf of Mexico oil spill payments are anticipated to be $1.2 billion pre-tax.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:54 am

HYMTF

Hyundai Motor Company (OTC:HYMTF) is launching an electric version of its Casper mini SUV in Europe, priced at approximately $21,515, with a 190-mile range. This move aims to expand Hyundai's electric vehicle portfolio and compete with Tesla and Volkswagen in the European market. The Casper EV, cheaper than Hyundai's Kona EV, is part of Hyundai's strategy to regain market share in Europe and follows its efforts to offer cash bonuses in the US to sidestep tax credit barriers.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 7:53 am

BP

BP anticipates higher upstream production in Q1 2024 compared to Q4 2023, with seasonally lower volumes in its customer business and significantly lower refinery turnaround activity. The company also expects lower industry refining margins, particularly due to narrower North American heavy crude oil differentials.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:47 am