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TSLA

Tesla Inc (NASDAQ:TSLA) is recalling approximately 2.2 million vehicles, including the Cybertruck, due to concerns over reduced visibility of key safety information caused by a smaller font size on the instrument panel for warning lights. The recall encompasses all of Tesla's models such as the Model 3, Model Y, Model X, and Model S sedans and SUVs.

Portfolio Pulse from Anan Ashraf

February 02, 2024 | 11:07 am

REGN

Regeneron announced that the European Medicines Agency (EMA) has accepted for review the marketing authorization application for Linvoseltamab, aimed at treating relapsed/refractory multiple myeloma. This step is crucial for Regeneron as it seeks to expand its treatment portfolio in the European market.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 11:02 am

AMZN

HD

PLUG

WMT

Plug Power, Inc. (NASDAQ:PLUG) shares rose nearly 4% in premarket trading after announcing the first fill of a Plug tanker with liquid green hydrogen produced at its Woodbine, Georgia plant. The hydrogen will fuel forklifts at Walmart Inc. (NYSE:WMT), Amazon.Com, Inc. (NASDAQ:AMZN), and Home Depot, Inc. (NYSE:HD) sites. The Georgia facility, with the largest PEM electrolyzer deployment in the U.S., has a daily capacity of 15 tons of liquid green hydrogen, serving customers in the eastern U.S.

Portfolio Pulse from Nabaparna Bhattacharya

February 02, 2024 | 10:58 am

AMD

INTC

NVDA

AMD President Victor Peng emphasized the importance of AI-powered PCs in competing with Nvidia and Intel. He believes AMD is well-positioned in the AI PC market, which is expected to grow significantly, with 60% of PCs being AI-capable by 2027. Despite AMD's focus on AI, its stock fell after Q4 results. Intel and Nvidia are also advancing in AI, with Intel launching Core Ultra chips and Nvidia announcing new GPUs for AI applications. Goldman Sachs maintains a Buy rating on AMD, raising its price target.

Portfolio Pulse from Benzinga Neuro

February 02, 2024 | 10:45 am

TSLA

Tesla is initiating a recall for some of its Cybertruck vehicles due to the incorrect font size used on warning lights, as reported by Reuters citing the National Highway Traffic Safety Administration (NHTSA).

Portfolio Pulse from Charles Gross

February 02, 2024 | 10:45 am

TSLA

Tesla is conducting a recall of 2,193,869 vehicles in the United States, as reported by Reuters citing the National Highway Traffic Safety Administration (NHTSA).

Portfolio Pulse from Charles Gross

February 02, 2024 | 10:25 am

LCID

Lucid Group Inc (NASDAQ:LCID) is rumored to be launching a dedicated security vehicle for the Saudi Arabian police force, according to online sources. This move could strengthen Lucid's ties with Saudi Arabia, where its majority shareholder, the Public Investment Fund, is based. The vehicle is expected to be unveiled at the World Defense Show in Riyadh. This development follows Lucid's establishment of a new manufacturing unit in Saudi Arabia and a deal to sell up to 100,000 EVs to the Saudi government over the next decade.

Portfolio Pulse from Benzinga Neuro

February 02, 2024 | 10:18 am

GOOGL

Google's AI language model, Bard, now supports over 40 languages and is available in 230 countries with new features including image generation. Recognized as a top-performing AI by the Large Model Systems Organization, Bard's expansion and new capabilities like the enhanced double-check feature and responsible image generation aim to increase accessibility and collaboration globally. This development is crucial as Google faces a $7 billion lawsuit over AI technology patent infringement, which could significantly affect its AI advancements.

Portfolio Pulse from Benzinga Neuro

February 02, 2024 | 9:53 am

AAPL

AMZN

DIS

WBD

Elon Musk criticized Apple Inc.'s (NASDAQ:AAPL) new $3,500 Vision Pro mixed reality headset, calling it not a 'moon shot' and mocking its design. Despite Musk's skepticism, Apple is launching the Vision Pro with 600 apps, including major ones like Warner Bros. Discovery's (NASDAQ:WBD) Max, Walt Disney Co.'s (NYSE:DIS) Disney+, and Amazon.com Inc.'s (NASDAQ:AMZN) Prime Video. Analysts have upgraded their outlook for the Vision Pro, with predictions of 600,000 units shipped in 2024.

Portfolio Pulse from Rounak Jain

February 02, 2024 | 9:38 am

AAPL

Apple Inc. (AAPL) reported a 2% increase in quarterly revenue, reaching $119.6 billion, with significant contributions from the Indian market. The company achieved an all-time high quarter in revenue in India, driven by strong iPhone demand and record-breaking Services segment revenue. Apple's success in India is highlighted by exceeding 10 million units in shipments, despite a stagnant trend in India's smartphone shipments in 2023. The company's focus on offline sales and attractive trade-in deals contributed to this achievement.

Portfolio Pulse from Shomik Sen Bhattacharjee

February 02, 2024 | 9:06 am