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TSLA

Tesla Inc. (NASDAQ:TSLA) is showcasing its Cybertruck in China and has invited Chinese fans to suggest cities for its debut tour. Despite starting deliveries in November 2023, sales in China face regulatory challenges, as pickups are subject to more restrictions than passenger cars. Tesla has shown interest in the Chinese market with products like the CyberVault and the tour, but CEO Elon Musk indicated that only prototypes might be displayed in China for now. Interest in the Cybertruck remains high among Chinese consumers.

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 8:50 am

AAPL

NVDA

TSM

Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) reported a 19% drop in Q4 net profit to $7.6 billion, beating market expectations. Revenue decreased slightly by 1.5% to $19.62 billion, within the forecast range. Full-year capital expenditure was $30.45 billion, below the $32 billion projection for 2023. TSMC's shares have risen 32% in the past year despite industry challenges and the U.S.-China chip dispute. The company's performance is significant due to its role as a supplier to Apple Inc (NASDAQ:AAPL) and NVIDIA Corp (NASDAQ:NVDA).

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 7:38 am

ARGX

argenx has announced the approval of VYVDURA Injection for subcutaneous use in Japan for the treatment of generalized Myasthenia Gravis (gMG). This approval provides gMG patients in Japan with more treatment options, including the ability to self-administer the medication at home. Hermann Strenger, General Manager of argenx Japan, emphasized the milestone this represents for the gMG community and the company's commitment to delivering innovative autoimmune treatments globally.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:36 am

NIO

TSLA

China's top auto makers convened in Beijing to discuss the future of the New Energy Vehicle (NEV) market and global expansion. Despite a 5.6% increase in auto sales in 2023, early 2024 shows signs of a slowdown, with companies like Li Auto and Nio offering discounts. Tesla also reduced prices in China, which has been met with disapproval from Beijing. The meeting underscores the importance of NEV growth and international market penetration for China's auto industry.

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 6:54 am

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) has expanded its leasing program to include the R1S SUV, in addition to the R1T electric truck. The R1S can be leased for 36 months at $1,169 per month in select states. The leasing program began with the R1T in November and requires an upfront payment including a $7,000 down payment, first monthly payment, an acquisition fee, and other charges.

Portfolio Pulse from Anan Ashraf

January 18, 2024 | 6:30 am

AAPL

Apple Inc. (AAPL) is set to launch its Vision Pro mixed reality headset in international markets before the WWDC in June 2024, as per analyst Ming-Chi Kuo. The U.S. launch is scheduled for February 2, with pre-orders beginning January 19. The headset, priced at $3,499, faces challenges due to its limited battery life, unwieldy design, and lack of a 'killer app'. Apple is preparing for the U.S. release with a detailed sales strategy, including a 25-minute demo and face scans for fitting.

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 6:27 am

AMD

MRVL

NVDA

Bernstein analyst Stacy Rasgon has reiterated his positive outlook on NVIDIA Corp (NASDAQ:NVDA), stating that despite its high valuations, it remains the cheapest investment option in the AI space compared to peers like AMD and MRVL. With a price target of $700, Rasgon highlights NVIDIA's significant revenue growth and its advantageous position following the AI surge driven by OpenAI's ChatGPT. NVIDIA's stock has tripled in the past year, making it the fourth most valuable company in the S&P 500.

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 6:22 am

AAPL

Apple Inc. (AAPL) is set to increase iPhone production in India, targeting a $12 billion FOB value by 2023-24, exceeding its initial plan and its full-year commitment under India's PLI scheme. With $9.4 billion worth of iPhones already produced in the first three quarters of FY 2024, only a quarter will be sold in India, while the rest are for export. Apple's India sector turnover was $5.94 billion for FY23, 1.5% of its global turnover. Exports peaked at 80% in Q4 FY 2024, coinciding with the iPhone 15 launch and festive demand. JP Morgan forecasts that by 2026, up to 25% of iPhone production could shift to India.

Portfolio Pulse from Shomik Sen Bhattacharjee

January 18, 2024 | 6:21 am

GOOG

GOOGL

Alphabet's drone delivery company, Wing Aviation, is set to introduce a new drone with a payload capacity of up to five pounds, double that of its current fleet. The new drone maintains a 12-mile range and 65 mph speed, and is compatible with existing infrastructure. Wing has completed over 350,000 deliveries and the larger drone will allow for more efficient bundling of orders. Alphabet CEO Sundar Pichai highlighted the drone's ability to deliver essentials like food and medicine in fewer trips.

Portfolio Pulse from Anan Ashraf

January 18, 2024 | 5:16 am

AAPL

QCOM

SSNLF

Samsung Electronics Co. has introduced the Galaxy S24 with advanced AI features, including real-time translation and on-device AI capabilities, challenging Apple Inc.'s position as the world's biggest smartphone maker. The Galaxy S24, priced between $799 and $1,299, will be available from Jan. 31. Samsung aims to sell 35 million units, a 10% increase from the Galaxy S23. Qualcomm Technologies is also highlighted for promoting on-device AI. The smartphone market is expected to see a resurgence in sales starting in 2024.

Portfolio Pulse from Ananya Gairola

January 18, 2024 | 4:50 am