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Regulatory

BUD

CMCSA

MAPS

Super Bowl LVIII sees the return of Bud Light with a 60-second ad, amidst growing acceptance of cannabis in the U.S. Despite this, cannabis ads remain banned from the Super Bowl, highlighted by NBC-TV Comcast's refusal to air Weedmaps' ad in 2022. Anheuser-Busch (BUD) faces consumer reactions, while Weedmaps (MAPS) and Comcast (CMCSA) navigate the evolving landscape of Super Bowl advertising.

Portfolio Pulse from Maureen Meehan

February 10, 2024 | 2:00 pm

DIS

PLTR

PYPL

TSLA

Benzinga's analysis highlights the S&P 500 and Nasdaq 100's positive performance, driven by AI optimism. Treasury Secretary Janet Yellen expressed concerns about digital assets and the commercial real estate sector, advocating for regulatory action and fiscal sustainability. Bullish views were shared on Tesla, Palantir, and a meme coin named Floki, while bearish perspectives focused on the market dominance of tech giants, Disney's diversity policies, and PayPal's conservative outlook for 2024.

Portfolio Pulse from Michael Cohen

February 10, 2024 | 1:39 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) has temporarily stopped deliveries of its R1 vehicles in Canada due to a non-compliance issue with the brightness of its daytime running lamps. The company is awaiting a software update to resolve the issue and expects to resume deliveries next week. Rivian delivered 50,122 EVs in the U.S. and Canada in 2023 and plans to announce its full-year financial results on February 21. Rivian shares closed 3.54% higher at $16.68 on Friday.

Portfolio Pulse from Anan Ashraf

February 10, 2024 | 4:21 am

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

The escalating geopolitical tensions between China and Taiwan pose a significant risk to the Magnificent Seven tech giants, including Apple, Amazon, NVIDIA, Tesla, Meta Platforms, Alphabet, and Microsoft, as per Jeremy Grantham's GMO. These companies, with substantial revenue exposure and ties to Taiwan's chip industry, could face challenges in accessing crucial technologies for AI development.

Portfolio Pulse from Ananya Gairola

February 10, 2024 | 3:59 am

BTCUSD

Bitcoin (BTC) has seen a significant recovery, reaching its highest level in 2024 at approximately $47,565. Standard Chartered analyst Geoff Kendrick predicts Bitcoin could hit $100,000 by the end of 2024, attributing the surge to the approval of Bitcoin spot ETFs by the SEC and changing flow dynamics in the ETF market. Kendrick's optimism is supported by the industry, with predictions of Bitcoin reaching $100,000 based on potential inflows post the spot Bitcoin ETF approval.

Portfolio Pulse from Ananya Gairola

February 10, 2024 | 1:43 am

VSAC

VSACU

VSACW

Vision Sensing Acquisition Corp. (VSAC, VSACU, VSACW) has filed its Form 10-Q for Q3 2023 with the SEC, regaining compliance with Nasdaq's Listing Rule 5250(c)(1). The company had previously faced a filing delinquency but received confirmation from Nasdaq on February 8, 2024, that the issue has been resolved. A Nasdaq Hearing Panel decision is pending for April 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 8:27 pm

HUMA

Humacyte shares surged following the FDA's acceptance and Priority Review grant for its Biologics License Application for the Human Acellular Vessel, aimed at treating vascular trauma.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 8:22 pm

AMAT

ASML

FORM

KLAC

KLIC

LRCX

NVDA

TER

Semiconductor stocks are trading higher following the Biden administration's announcement of a planned investment exceeding $5 billion in semiconductor research, development, and workforce needs.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 8:14 pm

SMH

The Biden-Harris Administration plans to invest over $5 billion in semiconductor-related R&D and workforce development, including in the National Semiconductor Technology Center (NSTC), as part of the CHIPS and Science Act. This investment aims to advance U.S. leadership in semiconductor R&D, reduce commercialization costs, bolster national security, and support semiconductor job creation. The NSTC, a public-private consortium, will focus on innovation, workforce development, and lowering R&D participation barriers. Additional investments include $200 million in a CHIPS Manufacturing USA Institute and up to $300 million in advanced packaging R&D.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 8:13 pm

JPM