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META

Mark Cuban has publicly questioned the effectiveness of ads on Twitter, now known as social media platform X, following Elon Musk's acquisition and subsequent changes. Cuban's critique comes amidst advertisers withdrawing from the platform due to concerns over ad efficacy and content association. He compared the ad results unfavorably to those on other platforms, specifically mentioning Meta Platforms' Facebook and Instagram, where ads are more relevant to user interests. Cuban's comments highlight the challenges Musk faces in retaining and attracting advertisers to Twitter.

Portfolio Pulse from Chris Katje

November 22, 2023 | 10:31 pm

AMZN

GOOGL

MSFT

OpenAI's leadership turmoil has prompted rivals like Google and Amazon to target its customers with incentives to switch platforms. Google is matching OpenAI's pricing and offering cloud credits and support for customers to use its AI software. Amazon emphasizes the value of its strategy, allowing customers to choose from multiple AI systems. OpenAI, with Microsoft's $13 billion investment, remains a large player, but companies are now considering diversifying their AI suppliers to avoid overreliance on a single provider. OpenAI has reinstated Sam Altman as CEO and named a new board to address concerns. Competitors are quickly moving to capitalize on the situation, with some reporting increased interest from businesses.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:21 pm

AAPL

MSFT

Microsoft Corp. (MSFT) reached a new all-time high of $377 per share, with a year-to-date gain of 57%. The company's market cap is at $2.8 trillion, just behind Apple Inc. (AAPL). Microsoft's success is attributed to its leadership in AI, cloud computing, and strong financial performance, with Q3 2023 revenue of $56.5 billion and EPS of $2.99. However, its forward P/E ratio of 33x and bearish RSI divergence signal caution among investors. Goldman Sachs sees MSFT as a compelling investment, with a 1-year target of $406.

Portfolio Pulse from Piero Cingari

November 22, 2023 | 10:01 pm

COIN

MARA

RIOT

Crypto-related stocks Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and Coinbase Global (COIN) saw gains on Wednesday, moving in tandem with the crypto market and Bitcoin's rise. The uptrend was influenced by the election of a pro-Bitcoin Argentinian presidential candidate and volatility from Binance's legal developments. Bitcoin's increase and the potential for a Bitcoin ETF approval contributed to the positive sentiment.

Portfolio Pulse from Ryan Gustafson

November 22, 2023 | 9:55 pm

BNBUSD

BTCUSD

SEC Commissioner Hester Peirce advocates for the approval of a spot Bitcoin ETF, stating there's 'no reason' to block it, especially after Binance's $4 billion settlement with the Justice Department. She emphasizes the need for clear regulatory guidelines for the crypto industry and a realistic compliance framework.

Portfolio Pulse from Murtuza Merchant

November 22, 2023 | 9:32 pm

BHP

TAC

TransAlta and BHP Group have announced that their Northern Goldfields solar and battery facility in Western Australia has achieved commercial operation. The facility is now supplying electricity to remote nickel mining operations, marking a significant milestone in the provision of renewable energy to the mining sector.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:13 pm

GM

Cruise, GM's autonomous vehicle subsidiary, is planning a cautious re-launch of its driverless robotaxi service in one city, potentially in Texas or Arizona, following safety concerns and a pedestrian accident in San Francisco. The company will focus on its electric Bolt robotaxis and lay off non-engineering staff. GM will pause production of the Origin van and does not plan to produce more in 2024. Cruise's license to operate in California has been revoked, making Texas or Phoenix more likely choices for the re-launch.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:04 pm

MSFT

Blizzard Entertainment, a division of Microsoft Corp. (NASDAQ:MSFT), has made Diablo 4 temporarily free to play on Steam until Nov. 28, allowing users to experience gameplay up to level 20. The free trial aligns with Steam's Autumn Sale, which offers up to 90% discounts on various games, including Diablo IV. The sale also marks the start of nominations for the Steam Awards, with winners to be announced in January.

Portfolio Pulse from Franca Quarneti

November 22, 2023 | 9:02 pm

DLTR

Dollar Tree has taken action in response to Wanabana's voluntary recall of its Apple Cinnamon Fruit Puree Pouch by locking its registers to prevent further sales of the product. The company has also removed the product from its website and currently has no financial information to share regarding the impact of the recall.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:00 pm

TSLA

Tesla's stock is trading lower following reports that a judge found 'reasonable evidence' suggesting the company was aware of defects in its autopilot system.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 8:59 pm