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TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk announced plans to roll out three significant improvements to its Full Self Driving (FSD) software every two weeks, aiming for a substantial enhancement by late April or early May. The FSD software, still in beta and requiring driver supervision, recently saw the release of version 12.3, receiving positive feedback. Musk highlighted improved training compute constraints as a factor enabling quicker updates. Despite Musk's emphasis on vehicle autonomy as a key value driver for Tesla, he acknowledged that widespread autonomous driving might take a decade.

Portfolio Pulse from Anan Ashraf

March 19, 2024 | 7:05 am

FFND

NVDA

Nvidia Corp. (NASDAQ:NVDA) shares fell after-hours following the GTC 2024 keynote by CEO Jensen Huang, despite positive analyst feedback on the new AI chip unveilings. KeyBanc Capital Markets analyst John Vinh praised the introduction of the next-gen GPU architecture Blackwell - B100 and B200 GPUs, and the next-gen CPU+GPU super chip GB200, maintaining an Overweight rating and a $1,100 price target for Nvidia. Future Fund Managing Partner Gary Black described the stock's drop as a 'classic sell the news' scenario, highlighting the Blackwell B200 GPU's performance, which is up to 30 times faster than its predecessor, the H100 chip. The Future Fund Active ETF (NYSE:FFND) holds Nvidia as its third-biggest portfolio stock.

Portfolio Pulse from Shanthi Rexaline

March 19, 2024 | 7:01 am

NVDA

VRT

Vertiv has joined the NVIDIA Partner Network, aiming to enhance AI and computing infrastructure solutions. This collaboration is expected to leverage Vertiv's expertise in power and cooling with NVIDIA's leadership in AI and computing, potentially leading to innovative solutions in these fields.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 6:53 am

BTCUSD

Changpeng Zhao, former head of Binance, announced his new venture, Giggle Academy, a free educational platform for kids with no revenue model, using gamification and NFTs for engagement. Despite his legal challenges, including a $50 million fine and potential prison time for inadequate anti-money laundering measures at Binance, Zhao is focusing on creating a positive impact through education. Bitcoin's price is currently $65,824, down 4%.

Portfolio Pulse from Mehab Qureshi

March 19, 2024 | 6:53 am

FFND

TSLA

Gary Black, Future Fund Managing Partner, suggests Tesla Inc (TSLA) should report AI revenue and profit as a separate segment in its earnings to highlight its AI initiatives, potentially enhancing its valuation. He estimates FSD revenue at $1B, a fraction of Tesla's total revenue, but believes a dedicated AI segment could attract more investor interest. Additionally, Black comments on Tesla's recent stock price increase, attributing it to announced price hikes for the Model Y in the U.S. and Europe, rather than just the new FSD version, suggesting this could improve Tesla's earnings and margins.

Portfolio Pulse from Anan Ashraf

March 19, 2024 | 6:22 am

CVX

Chevron has signed a Memorandum of Understanding (MOU) with JX Nippon Oil & Gas to collaborate on the development of a Carbon Capture and Storage (CCS) value chain. This collaboration aims to evaluate the feasibility of capturing CO₂ emissions from industries in Japan, including those affiliated with JX, and transporting them to Chevron's greenhouse gas storage sites in Australia. Additionally, the partnership will explore developing transboundary policies and potential CO₂ storage sites in other Asia Pacific countries.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 6:22 am

ZCAR

EaseMyTrip has partnered with Zoomcar to offer pre-booked and on-demand self-drive car services in India, expanding its travel services portfolio.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 6:08 am

AAPL

GOOG

GOOGL

Apple Inc. is reportedly in talks with Alphabet Inc. and OpenAI to license their AI models, a move billionaire investor Chamath Palihapitiya sees as Apple giving up on AI development, similar to its retreat from electric cars. Palihapitiya warns this could lead to a loss of talent and a decline in product quality and profits. Apple's discussions involve using Google's Gemini for iPhone software and potentially a deal with OpenAI. This follows Apple's decision to shift employees from its EV project to AI, with layoffs expected.

Portfolio Pulse from Ananya Gairola

March 19, 2024 | 5:18 am

YY

JOYY Inc. reported a 4.5% year-over-year increase in Q4 average mobile MAUs for Bigo Live, reaching 38.4 million. However, Likee and Hago saw declines in MAUs due to reduced ad spending. Overall, global mobile MAUs rose by 2.6% to 274.9 million. The total number of paying users for BIGO services increased by 7.9% to 1.67 million, although the average revenue per paying user slightly decreased.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 5:03 am

CRWD

NVDA

CrowdStrike Holdings Inc (NASDAQ:CRWD) and NVIDIA Corp (NASDAQ:NVDA) have announced a partnership to enhance CrowdStrike's cybersecurity solutions using Nvidia's advanced AI technology. The collaboration aims to leverage Nvidia's Morpheus framework and large language model (LLM) capabilities, allowing CrowdStrike to offer more sophisticated and cost-effective services. This strategic move comes as AI-related stocks, including Nvidia, are gaining momentum ahead of Nvidia's GPU Technology Conference (GTC), highlighting the growing importance of AI in the technology sector.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 3:52 am