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GOOG

GOOGL

AI startup ElevenLabs has achieved a $1.1 billion valuation after raising $80 million in a funding round led by Andreessen Horowitz. The company's voice replication software supports over two dozen languages and is eyed for advertising and media. Concerns over deepfakes are addressed by Alphabet Inc's Google and Universal Music through licensing discussions. ElevenLabs is expanding its technology to media production and monetization of AI voices, while also investing in emotional and intonational enhancements. Greg Brockman of OpenAI launched ChatGPT Voice with five human-like voices.

Portfolio Pulse from Anusuya Lahiri

January 22, 2024 | 4:56 pm

RVSN

Rail Vision Ltd (NASDAQ:RVSN) shares surged after the company announced it has received certifications for EU railway standards, which is expected to accelerate the adoption of its Main Line system in the EU market. The certifications demonstrate compliance with EN 50155 and EN 50126, indicating the system's durability and safety for railway operations.

Portfolio Pulse from Adam Eckert

January 22, 2024 | 4:49 pm

AMD

INTC

NVDA

SOXX

KeyBanc Capital Markets analyst John Vinh predicts that Nvidia (NVDA) and AMD (AMD) will outperform in Q4 despite market weakness, driven by strong AI and server demand. AMD is expected to post higher results and guidance, with positive sentiment around its AI accelerator chipset MI300x and server processor Genoa. Nvidia is also anticipated to beat Q4 expectations and issue higher guidance, despite China data center GPU sales decline, due to its position in generative AI demand. Both companies have Overweight ratings from KeyBanc, with price targets of $195 for AMD and $740 for Nvidia. The iShares Semiconductor ETF (SOXX) saw a slight decline.

Portfolio Pulse from Shanthi Rexaline

January 22, 2024 | 4:26 pm

RVSN

Rail Vision's stock (RVSN) is up following the announcement that its Main Line system has received certifications for key EU railway standards.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 4:19 pm

CCL

RCL

Royal Caribbean Cruises Ltd. (NYSE:RCL) has built the world's largest cruise ship, the Icon of the Seas, which will set sail from Miami with week-long cruises to the eastern Caribbean. The ship features unique amenities, including eight neighborhoods, an Aquadome, and various entertainment options. Despite the debate on social media regarding its environmental impact and symbolism of 'late-stage capitalism,' the ship offers affordable vacation options starting at $1,700 per week. RCL's stock has risen over 53% since October and 423% since its COVID-19 low, while Carnival Corp. (NYSE:CCL) has seen less growth, remaining stagnant since April 2020.

Portfolio Pulse from Caleb Naysmith

January 22, 2024 | 4:02 pm

AAPL

EBAY

Apple Inc.'s (AAPL) new Vision Pro mixed reality headset pre-orders are being resold on eBay (EBAY) for double the original price due to delayed shipping times. The 256GB model costs $3,499 from Apple, while the 512GB model starts at $3,699. Resellers on eBay have listed the 512GB model for up to $8,500. Apple analyst Ming-Chi Kuo estimates 160,000 to 180,000 units sold, with shipping times now at five to seven weeks. The Vision Pro requires a detailed preorder process, including iPhone with Face ID, prescription information, and a valid prescription for customization.

Portfolio Pulse from Rounak Jain

January 22, 2024 | 3:58 pm

ACHR

Shares of Archer Aviation Inc (ACHR) are surging after the company announced a Space Act Agreement with NASA for joint efforts in battery characterization. The collaboration will focus on testing battery cells' safety, energy, and power performance for aerospace applications, including eVTOL, eCTOL aircraft, and potential space usage. Archer's battery system for its Midnight electric air taxi will be tested by NASA, with results aimed at advancing the AAM industry. ACHR stock rose 5.43% to $5.34.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 3:45 pm

DWAC

FSLY

RUM

SGMT

U.S. stocks traded higher on Monday, with notable gains in several companies. NuStar Energy L.P. (NS) surged after Sunoco's acquisition announcement. Other stocks like Sagimet Biosciences (SGMT), Rumble (RUM), Digital World Acquisition Corp (DWAC), and Fastly (FSLY) also saw significant increases due to various positive news, including clinical trial results, partnerships, and analyst upgrades.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 3:45 pm

BTM

Bitcoin Depot (NASDAQ:BTM), a leading Bitcoin ATM operator, has ordered 500 new BTM kiosks from Genmega, a top ATM and kiosk manufacturer. The company aims to deploy these units as part of its expansion strategy throughout 2024 and beyond. This move follows Bitcoin Depot's recent achievements, including becoming the largest BTM operator in North America, going public on a major U.S. stock exchange, and receiving recognition from Forbes 30 Under 30, Deloitte's 2023 Technology Fast 500, and the 2023 Inc. 5000.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:42 pm

ARQT

Arcutis Biotherapeutics' stock is trading higher following the announcement of the launch of their new product, ZORYVE topical foam, which is used for treating seborrheic dermatitis.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:36 pm