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GBTC

Avalanche (AVAX) surged over 13% after Grayscale Investments launched a new investment fund tracking the cryptocurrency. This move, along with Franklin Templeton's expansion into Avalanche's network, has increased interest in AVAX, making it the market's best performer.

Portfolio Pulse from Aniket Verma

August 23, 2024 | 3:58 am

MSTR

Max Keiser, a prominent Bitcoin advocate, supports MicroStrategy's Michael Saylor's view of Bitcoin as divine. Keiser's strong belief in Bitcoin's potential is highlighted by his early coverage and advisory role in El Salvador's Bitcoin adoption.

Portfolio Pulse from Aniket Verma

August 23, 2024 | 3:22 am

NVDA

Nvidia is expected to deliver strong earnings driven by AI demand, according to Wedbush analyst Dan Ives. The company's role in AI advancements and collaborations, such as with Nan Juen International, are pivotal. Despite recent stock volatility, analysts remain optimistic about Nvidia's future performance.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 2:11 am

IBIT

Anthony Scaramucci, CEO of SkyBridge Capital, expressed optimism about Bitcoin's future, predicting it could reach $100,000. He highlighted the role of ETFs, particularly BlackRock's iShares Bitcoin Trust, in boosting Bitcoin's demand. Despite recent price declines, Scaramucci views Bitcoin as a future store of value.

Portfolio Pulse from Aniket Verma

August 23, 2024 | 2:07 am

F

GM

MGA

STLA

Ford, GM, and Stellantis are scaling back their electric vehicle (EV) plans due to waning demand. Ford is canceling a large electric SUV and delaying an electric pickup truck, impacting suppliers like Magna International. GM is delaying a new Buick EV and an EV truck factory, while Stellantis is postponing investments in an Illinois plant, leading to potential labor disputes.

Portfolio Pulse from Michael Juliano

August 22, 2024 | 10:20 pm

GM

UBER

Uber and GM's Cruise have announced a multiyear partnership to integrate Cruise's autonomous vehicles into Uber's platform, starting next year. This collaboration aims to enhance urban mobility with autonomous technology.

Portfolio Pulse from Erica Kollmann

August 22, 2024 | 9:32 pm

LCID

TSLA

Lucid Group is launching three affordable electric vehicles, including the Lucid Gravity SUV, to compete with Tesla's Model Y and Model 3. This move aims to close the gap with Tesla in the EV market. Lucid's recent financials and a $1.5 billion financing commitment from the Saudi Investment Fund provide a cushion for these new releases.

Portfolio Pulse from Chris Katje

August 22, 2024 | 8:51 pm

INTU

Intuit Inc (NASDAQ:INTU) reported strong Q4 earnings, surpassing revenue and EPS estimates. The company announced a $3 billion buyback, enhancing its share repurchase program to $4.9 billion, and declared a quarterly dividend. Intuit's AI-driven strategy shows progress, with significant revenue growth in key segments.

Portfolio Pulse from Adam Eckert

August 22, 2024 | 8:33 pm

IGT

IGT has secured a three-year contract with Portugal's National Lottery, SCML, to provide instant ticket printing and related services. This includes access to IGT's game portfolio and marketing services.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:32 pm

GTLB

GitLab Inc. has launched the GitLab Duo Enterprise add-on, priced at $39 per user per month, offering AI capabilities for DevSecOps teams. This follows GitLab's recognition as a Leader in the 2024 Gartner Magic Quadrant for AI Code Assistants.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:20 pm