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AMD

MSFT

NVDA

AMD's stock surged by nearly 130% in 2023 due to demand for AI GPUs, but faces uncertainty after a downgrade by Northland Capital Markets analyst Gus Richard. The downgrade reflects concerns over inflated expectations for AI chip market growth, with Richard skeptical of the high revenue forecasts and noting market distortions from Nvidia's dominance and U.S. chip export bans to China. Despite recent highs, AMD's future in the AI chip market is now less certain.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 8:03 am

GOOG

TCEHY

Tencent Holdings Ltd's subsidiary Riot Games is laying off 11% of its workforce, around 530 employees, due to unsustainable costs and the need for a sharper focus. The layoffs will affect non-core development teams and will see the discontinuation of new game development under 'Riot Forge' and adjustments to 'Legends of Runeterra'. The gaming industry has seen over 10,000 layoffs in 2023, with AI's impact on jobs and income inequality being a concern highlighted by the IMF.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 7:51 am

ORCL

Oracle has launched its OCI Generative AI service, which is now generally available and offers models from Cohere and Meta for both cloud and on-premises solutions. This service is the first in a series of OCI Generative AI Agents aimed at revolutionizing data-driven decision making. Additionally, Oracle is facilitating the integration of AI into contemporary workloads.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:27 am

IBM

Sevilla FC has introduced 'Scout Advisor,' a new tool developed on IBM's Watsonx platform, aimed at improving their player recruitment process. The tool leverages Sevilla FC's extensive player database to create competitive advantages by combining traditional scouting with data-driven techniques for identifying and characterizing potential recruits.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:22 am

AAPL

MASI

A teenager's life was saved in Peru by the blood oxygen detection feature on an Apple Watch, despite the feature being banned in the U.S. due to a patent dispute with Masimo Corporation. The feature is disabled on new Apple Watch models sold in the U.S. but remains functional on international models and those sold before the ban. Apple CEO Tim Cook expressed gratitude upon hearing the story. The Apple Watch has been noted for its health-alerting capabilities, including previous instances of detecting serious heart conditions and aiding in emergencies.

Portfolio Pulse from Ananya Gairola

January 23, 2024 | 7:12 am

CRWD

MSFT

CrowdStrike CEO George Kurtz discussed the challenges of combating Russian hackers, specifically Nobelium, after they breached Microsoft's security and accessed top executives' emails. Kurtz highlighted Nobelium's 'low and slow' tactics, which are difficult to detect. He also mentioned that CrowdStrike's algorithms have been successful in stopping Nobelium previously and that some of Microsoft's customers have sought additional support from CrowdStrike.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 7:08 am

AAPL

J.P. Morgan analysts have advised investors to focus on customer feedback and future supply chain plans for Apple Inc.'s (NASDAQ:AAPL) new product, the Apple Vision Pro, rather than lead times. Despite the device's pre-orders pushing shipping dates to March and April, analysts believe that the early demand may not accurately reflect the device's popularity. They emphasize the importance of consumer experience and supply chain feedback for the Vision Pro 2. The Apple Vision Pro, priced at $3,499, has seen a surge in pre-orders and is considered a significant step for Apple into virtual reality.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 6:51 am

TSLA

Franz von Holzhausen, Tesla's senior design executive, praised CEO Elon Musk for his boldness, which allows Tesla to break away from conventional designs and 'bring the future forward.' The Cybertruck, with its unique stainless steel exterior, exemplifies Tesla's innovative approach. Although the Cybertruck has not yet launched in China, a tour showcasing the vehicle is planned. Tesla faces stiff competition in China, especially from BYD, which recently overtook Tesla in EV sales. However, Holzhausen welcomes competition as it drives Tesla to improve.

Portfolio Pulse from Anan Ashraf

January 23, 2024 | 6:40 am

NVDA

Analysts at Melius Research suggest that Nvidia (NASDAQ:NVDA) could experience an Apple-like transformation by focusing more on software and services. They note that Nvidia's software business, including the AI supercomputer DGX Cloud, is expected to generate significant revenue and provide long-term margin support. This shift could lead to a higher valuation for Nvidia's stock due to the premium typically assigned to software earnings. The company's strategic positioning in AI and partnerships with cloud service providers like Microsoft and Oracle are contributing to its growth and market leadership.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 6:06 am

AAPL

MBGAF

RIVN

STLA

Rivian Automotive Inc (NASDAQ:RIVN) has hired Jonas Reinke, a former executive from Apple Inc (NASDAQ:AAPL) and Porsche, as Vice President for Product Management to oversee the launch of its R2 platform. Reinke brings extensive experience in automotive product management. Rivian's R2 platform is set to begin production in 2026, with unveilings in early 2024, aiming to fill a market gap in the $45,000 to $50,000 midsize SUV range. The company has also recently hired Arnhelm Mittelbach from Mercedes-Benz Group AG (OTC:MBGAF) and Carlo Materazzo from Stellantis (NYSE:STLA) for key positions.

Portfolio Pulse from Anan Ashraf

January 23, 2024 | 5:21 am