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AMD

INTC

NVDA

Nvidia Corp (NVDA) stock is up as it prepares to unveil new graphics cards at CES, including the GeForce RTX 4070 Super, RTX 4070 Ti Super, and RTX 4080 Super. Rumors suggest significant upgrades, with the RTX 4070 Ti Super expected to have 16GB GDDR6X memory. Nvidia is also set to begin mass production of AI chips for the Chinese market in Q2 2024, despite U.S. export bans. Additionally, Nvidia's GPUs will be used in India's Shakti Cloud supercomputer project. NVDA shares were up 0.99% at $480.40.

Portfolio Pulse from Anusuya Lahiri

January 04, 2024 | 3:38 pm

SIDU

Sidus Space Inc (NASDAQ:SIDU) stock dropped 5.2% to $11.04, likely due to profit-taking after a previous session's gain. The decline follows the company's announcement that it received a Tier 1 remote sensing license from NOAA, enabling advanced imaging on its upcoming LizzieSat satellite. This license allows Sidus to collect and distribute high-quality data for various applications. Despite the drop, the news reflects positively on Sidus Space's capabilities and future prospects.

Portfolio Pulse from Henry Khederian

January 04, 2024 | 3:33 pm

AAPL

AMD

AMZN

BABA

CALM

META

MSFT

TSLA

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a crash with $600M in long positions liquidated. In US markets, Cal-Maine reported disappointing Q2 results, and the Fear & Greed Index moved to 'Greed' zone while the Nasdaq fell for the fourth consecutive day. AMD is anticipated to have a 25% upside potential due to 'GenAI'. Microsoft is adding a Copilot key to PCs and laptops. Alibaba faces challenges with a 75% share drop from its 2020 high. Meta's Mark Zuckerberg continues selling shares. Amazon may face competition from TikTok's US e-commerce expansion. Apple settles an iTunes gift card scam lawsuit. US chip stocks fall after a record-breaking 2023. In the EV sector, Tesla's stock dropped by 4%, and Ford adjusted F-150 Lightning prices. Crane Co. acquired Vian Enterprises for $103M, enhancing its aerospace segment. SpaceX faced labor issues, and copper prices are predicted to rise due to renewable energy transitions.

Portfolio Pulse from Akanksha Bakshi

January 04, 2024 | 3:17 pm

GOOG

GOOGL

Google is proceeding with major changes to online user tracking, phasing out cookies, a technology integral to the $600 billion-a-year digital advertising industry. Despite the significant impact this will have, advertisers are reportedly unprepared for the shift.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 3:13 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are up after announcing the production of 42 and the wholesale of 35 Class 8 hydrogen fuel cell electric vehicles in 2023. The company highlighted the trucks' long range of up to 500 miles, quick fueling time, and high uptime of 98% in customer pilot programs. Nikola's CEO Steve Girsky emphasized the goal of delivering goods in North America with a reliable and cleaner solution. NKLA's stock rose by 10.7% to $0.8201.

Portfolio Pulse from Nabaparna Bhattacharya

January 04, 2024 | 3:07 pm

AAPL

Apple Arcade kicks off the year with new games including Tamagotchi Adventure Kingdom, Cornsweeper, and Blackjack by MobilityWare+, plus 20+ updates to existing titles. BEAST: Bio Exo Arena Suit Team and Words in Progress are set to launch on February 1. The platform continues to offer a diverse gaming experience with regular content updates and is available as part of Apple One subscription plans.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 3:03 pm

FSR

Fisker Inc (NYSE:FSR) is developing a Dealer Partnership model in North America and a hybrid model in Europe to expand its sales, delivery, and test drive network. The company plans to add up to 50 dealer partners in the U.S. and Canada, and a similar number in Europe in 2023. This strategy is part of Fisker's asset light business model aimed at scaling up for the acceleration of Fisker Ocean deliveries and future models. Fisker produced 10,142 vehicles and delivered about 4,700 in 2023. FSR shares dropped by 1% to $1.4750.

Portfolio Pulse from Shivani Kumaresan

January 04, 2024 | 2:59 pm

QuantumScape Corp (NYSE:QS) stock surged following a positive update from Volkswagen Group subsidiary PowerCo on endurance testing of QuantumScape's solid-state battery cells. The cells completed over 1,000 charging cycles, retaining 95% capacity, suggesting potential for EVs to drive 500,000 kilometers without loss in capabilities. The news has generated buzz on social platforms, with trading volume exceeding 5 million shares early in the session. Analysts' ratings on QS are mixed, with an average price target of $17.79.

Portfolio Pulse from Adam Eckert

January 04, 2024 | 2:58 pm

CAN

CIFR

Cipher Mining Inc (CIFR) and Canaan Inc (CAN) have entered into an agreement for the purchase of 16,700 A1466 model Bitcoin mining machines. Cipher Mining previously bought 11,000 similar models from Canaan, which have been delivered and installed. The new machines are expected to be delivered in April and May 2024. The companies' shares are trending, potentially influenced by an increase in Bitcoin's price, which is up 2.61% over 24 hours and more than 150% over a year. Cipher Mining shares are up 3.82% at $4.08, and Canaan shares are up 2.45% at $2.09.

Portfolio Pulse from Adam Eckert

January 04, 2024 | 2:49 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) delivered 100 Class 1 and 141 Class 3 vehicles to Randy Marion Automotive Group by Dec. 31, 2023, totaling $12,559,520 in invoices. An additional 185 Class 1 vehicles are scheduled for delivery by Jan. 8, 2024. These deliveries are part of a larger order consisting of 6,000 Class 1 vehicles worth $200 million and 1,000 Class 3 vehicles worth $63 million, with the majority to be delivered throughout 2024.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:46 pm