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INFY

Infosys has announced an expansion of its collaboration with NVIDIA to develop AI-powered solutions aimed at enhancing customer experiences and driving innovation in the telecommunications sector.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 10:07 am

COIN

ETH

SEC Commissioner Hester Peirce, known as 'Crypto Mom', criticized the SEC's regulatory approach towards cryptocurrencies, expressing concerns about overreach and centralization. She advocates for a balanced debate on crypto regulation and has opposed the SEC's actions against Ethereum ETFs and companies like Coinbase and Kraken.

Portfolio Pulse from Aniket Verma

August 29, 2024 | 9:18 am

TSLA

Tesla has requested the Canadian government to reduce tariffs on its China-made EVs, similar to the EU's 9% rate, before Canada announced a 100% tariff effective October 1. This move follows the U.S. decision to increase tariffs on Chinese EVs, although Tesla does not import these to the U.S.

Portfolio Pulse from Anan Ashraf

August 29, 2024 | 9:16 am

AAPL

Apple is increasing its iPhone 16 orders by over 10% ahead of its September launch, anticipating high demand due to AI features. The company is preparing for 88-90 million units, surpassing last year's orders. Despite strong orders, Apple faces competition in China and geopolitical tensions. Analysts predict significant growth due to AI integration, though challenges like internal restructuring persist.

Portfolio Pulse from Benzinga Neuro

August 29, 2024 | 8:52 am

F

GM

TSLA

Tesla has significantly reduced EV prices in the U.S., with Colorado offering additional incentives, making Tesla cars extremely affordable. The state provides various tax credits and rebates, allowing a Model Y to cost as low as $15,780 and a Model 3 for $14,780 after incentives. Elon Musk praised Colorado's EV incentives. The EV industry faces challenges with demand tapering, affecting startups and legacy automakers like Ford and GM. Tesla's aggressive pricing impacts its margins, but its scale helps it remain competitive.

Portfolio Pulse from Shanthi Rexaline

August 29, 2024 | 8:33 am

BTCUSD

Silicon Valley investor Balaji Srinivasan supports El Salvador President Nayib Bukele's view that the U.S. government is funded by inflation rather than taxation. This comes amid Kamala Harris' controversial tax proposal and El Salvador's adoption of Bitcoin as legal tender.

Portfolio Pulse from Aniket Verma

August 29, 2024 | 6:58 am

MNSO

MINISO has opened its 200th U.S. store at Santa Monica's 3rd Street Promenade, marking a significant milestone in its strategic growth and brand influence in the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:34 am

MA

Mastercard has launched a new payment passkey service in India, which uses biometrics to enhance security and convenience for online transactions. This move aims to elevate security standards for both consumers and businesses.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:32 am

NVDA

Nvidia projects significant revenue from its sovereign AI segment, driven by global demand for nation-specific AI infrastructure. The company expects this segment to generate 'low double-digit billions' in revenue this year. Despite geopolitical challenges, Nvidia's data center revenue and resilience in China contribute to its strong market position.

Portfolio Pulse from Kaustubh Bagalkote

August 29, 2024 | 6:29 am

AAPL

Renowned analyst Ming-Chi Kuo has revealed that Apple's iPhone 17 Pro Max, expected in 2025, will feature 12GB DRAM and an upgraded cooling system, enhancing its AI capabilities. This model is crucial for Apple's revenue, as it represents a significant portion of new model shipments. The iPhone 17 Pro Max's advanced features are part of Apple's strategy to innovate and capture market share.

Portfolio Pulse from Benzinga Neuro

August 29, 2024 | 5:07 am