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SPI

SPI Energy Co., Ltd. (NASDAQ:SPI) announced that its subsidiary, Solar4america, plans to start manufacturing N-type HJT solar cells in the United States. This move is part of SPI's broader strategy to expand its renewable energy solutions.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:16 am

GOOG

GOOGL

META

MSFT

TSLA

George Hotz, a top American security hacker, stated that Meta Platforms Inc. (META) CEO Mark Zuckerberg and Tesla Inc. (TSLA) CEO Elon Musk have a distinct decision-making power, which sets them apart from leaders like Sundar Pichai, CEO of Alphabet Inc. (GOOG, GOOGL). Hotz also expressed his perspective on Meta's potential to outpace Google in the AI race.

Portfolio Pulse from Ananya Gairola

July 12, 2023 | 8:05 am

MSFT

Self-made millionaire Matt Higgins believes that Artificial Intelligence (AI) will be the greatest wealth creator in history. He suggests identifying fast-moving trends, creating online courses, and using AI tools like Microsoft-backed ChatGPT for marketing strategies. He also mentions the potential for high-demand jobs as an 'AI content assistant'.

Portfolio Pulse from Benzinga Newsbot

July 12, 2023 | 7:40 am

LNW

WBD

Light & Wonder (LNW) and Warner Bros. Discovery (WBD) have expanded their licensing deal to bring top-tier games to fans online. The deal is expected to increase the reach of both companies' products and potentially boost their revenues.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 7:24 am

DIS

Walt Disney Co. (NYSE:DIS) is reportedly considering different strategies for its Star India business, including potential partnerships or a sale. This comes as Disney and its competitors shift focus towards streaming services and away from traditional TV platforms. Star India's success was impacted last year when Disney lost streaming rights for the Indian Premier League cricket matches to Mukesh Ambani's Jio Cinema, which affected Star's Hotstar mobile streaming service. Despite lower earnings from its streaming services in India compared to the US, Disney aims to make its streaming business profitable by September 2024.

Portfolio Pulse from Shomik Sen Bhattacharjee

July 12, 2023 | 7:04 am

ANGO

CRM

MLKN

Investor sentiment in the U.S. improved ahead of key inflation data, with the CNN Money Fear and Greed index showing a rise. U.S. stocks closed higher on Tuesday, with Salesforce, Inc. (NYSE:CRM) gaining around 4% after announcing a price increase for some of its cloud and marketing tools. Investors are also awaiting earnings results from AngioDynamics, Inc. (NASDAQ:ANGO) and MillerKnoll, Inc. (NASDAQ:MLKN).

Portfolio Pulse from Lisa Levin

July 12, 2023 | 6:49 am

TSLA

Future Fund Managing Partner Gary Black predicts that Tesla's Cybertruck deliveries will 'far exceed' Wall Street estimates. The current consensus delivery estimates for 2024 and 2025 are 91,000 units and 160,000 units, respectively. However, Tesla is planning for annual production of 375,000 units. This shortfall is worth $0.60 per share in incremental earnings per share estimate for 2025. Tesla's stock closed Tuesday's session up 0.07% at $269.79.

Portfolio Pulse from Shanthi Rexaline

July 12, 2023 | 6:19 am

MBGYY

Mercedes-Benz Group reported a 123% surge in Q2 EV sales, selling 515,700 vehicles, including 56,300 battery-electric vehicles. The increase was driven by demand for battery electric and top-end vehicles. In the U.S., sales increased by 6% to 88,100 units, with EV sales jumping 697%. However, overall sales outside Europe, Asia, and North America are down 18% due to the company's withdrawal from Russia. Mercedes also announced that North American customers will have access to the Tesla Supercharger network starting in 2024.

Portfolio Pulse from Anan Ashraf

July 12, 2023 | 5:48 am

META

Kevin O'Leary, a 'Shark Tank' investor, expressed his astonishment at the rapid growth of Meta Platforms Inc.'s Threads app, which amassed 100 million sign-ups within days of its launch. O'Leary predicted that small businesses would witness higher returns on their advertising investments due to Threads' soaring user base. However, Threads' ability to facilitate text-based posts, similar to Twitter, has sparked a potential legal dispute with Elon Musk.

Portfolio Pulse from Ananya Gairola

July 12, 2023 | 5:30 am

WIT

Wipro has announced the launch of Wipro ai360, a new artificial intelligence (AI) solution. The company has also committed to investing $1 billion in AI over the next three years.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 4:58 am