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OpenAI announced the launch of a new generation of embedding models, GPT-4 Turbo, and moderation models. Additionally, OpenAI is introducing new API usage management tools and plans to reduce pricing on GPT-3.5 Turbo soon.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:38 pm

SOLUSD

Solana (CRYPTO: SOL) introduced token extensions to its Solana Program Library (SPL) token standard, aiming to provide solutions for businesses with a focus on security, compliance, and ease of use. The extensions offer features beneficial for stablecoins, RWAs, and payments. Early adopters include Paxos and GMO-Z.com Trust Company Inc. Analysts and investors are bullish on SOL, with predictions of a rally to $125-$150. Solana has outperformed Bitcoin in the past two months, with a 50.9% gain.

Portfolio Pulse from Khyathi Dalal

January 25, 2024 | 6:29 pm

CYN

INTC

NVDA

TSLA

Cyngn Inc. shares surged after announcing a strategic shift to Nvidia AI computers for its DriveMod autonomous industrial vehicles, following Tesla's hardware approach and moving away from Intel microprocessors. The company believes Nvidia's technology aligns with its vision for advanced robotics platforms.

Portfolio Pulse from Nabaparna Bhattacharya

January 25, 2024 | 6:23 pm

LUV

Southwest Airlines CEO stated during a conference call that the company's current focus is on their fleet plan with Boeing, particularly on acquiring the MAX-7 aircraft. However, he acknowledged that Southwest is not in control of the certification date for the MAX-7, which is necessary before the planes can be added to their fleet.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:14 pm

LUV

Southwest Airlines CEO expressed strong confidence in the Boeing 737 MAX 8 during a conference call. The CEO also voiced support for the FAA and its efforts to enhance oversight and improve quality standards for aviation.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:11 pm

AKTS

INBS

LVTX

PCSA

RDHL

TSLA

VERA

Tesla, Inc. (TSLA) shares fell over 12% after reporting Q4 results that missed consensus estimates, with revenue at $25.17 billion against an expected $25.62 billion and EPS at 71 cents versus 74 cents expected. Meanwhile, U.S. stocks were slightly higher, with the Nasdaq up 0.2%. Communication services shares led gains, while consumer discretionary shares, including Tesla, lagged. Oil prices rose 2%, and Vera Therapeutics (VERA), Processa Pharmaceuticals (PCSA), and LAVA Therapeutics (LVTX) saw significant stock increases due to positive clinical trial data and partnerships. Conversely, RedHill Biopharma (RDHL), Akoustis Technologies (AKTS), and Intelligent Bio Solutions (INBS) experienced sharp declines.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 6:08 pm

AAPL

VGK

Apple Inc. is making significant changes to its App Store in the European Union in response to new digital legislation. The company will allow third-party streaming gaming services to operate globally, and it will implement changes to iOS, Safari, and the App Store specifically for EU customers.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:03 pm

RMD

Analysts have updated their ratings and price targets for ResMed (NYSE:RMD) over the past three months, with a mix of bullish and indifferent stances. The average 12-month price target is now $188.0, up from $175.25, with a high estimate of $215.00 and a low of $160.00. ResMed's financial performance is strong, with a revenue growth rate of 16.0%, a net margin of 19.91%, an ROE of 5.24%, an ROA of 3.25%, and a low debt-to-equity ratio of 0.35. The company is well-positioned in the respiratory care device market, with a focus on digital health and a growing market due to increasing diagnoses of sleep apnea.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 6:00 pm

ETHUSD

On Wednesday, 2,626.94 Ether (ETH) valued at approximately $5.78 million was burned due to the EIP-1159 upgrade implemented on the Ethereum blockchain, which introduced a variable base fee for transactions that is permanently removed from circulation. This has led to a net annualized issuance rate of -0.29% for Ether, indicating a move towards a deflationary currency, especially with the anticipated Ethereum 2.0 upgrade that could further reduce the issuance rate to 0.5-1% per year.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 6:00 pm

TSLA

VWAGY

Analyst Gordon Johnson from GLJ Research criticized Tesla Inc (NASDAQ:TSLA) following their earnings report, calling the Optimus humanoid robot a 'fake' and questioning Elon Musk's ability to deliver on promises. Johnson highlighted weaker demand for EVs, Tesla's reduced growth forecast from 50% to 37%, and concerns over profitability due to falling margins, increased tax rates, and price cuts. He also mentioned that traditional carmakers like Ford (NYSE:F), General Motors (NYSE:GM), and Volkswagen (OTC:VWAGY) are scaling back EV investments due to lack of profitability.

Portfolio Pulse from Neil Dennis

January 25, 2024 | 5:50 pm