Streetbeat News

Revenues

TSLA

Tesla Inc (NASDAQ:TSLA) has received approval for a new megafactory in Shanghai's Lingang New Area, China, dedicated to producing Megapacks, Tesla's powerful stationary batteries. The factory, spanning over 204,000 square meters, aims to start deliveries by Q1 2025, with plans to manufacture 10,000 Megapacks annually. This expansion aligns with Tesla's focus on energy storage products, which have seen significant demand and growth, outpacing the automotive sector in deployment and revenue growth.

Portfolio Pulse from Anan Ashraf

May 13, 2024 | 7:10 am

SMCI

Supermicro, Inc. (NASDAQ:SMCI) is showcasing its Rack Scale Liquid-Cooled Solutions at the International Supercomputing Conference, targeting AI and HPC convergence. These solutions aim to meet the high demands of customers looking to expand their AI and HPC capabilities while significantly reducing data center power requirements. Supermicro's offerings include complete liquid-cooled solutions that can reduce data center power consumption by up to 40%.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 7:08 am

CMCL

Caledonia Mining (AMEX:CMCL) reported a decrease in Q1 EPS to $0.27 from $0.29 YoY, while sales increased to $38.53M from $29.43M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 6:44 am

HAS

Elon Musk compared the Federal Reserve's operations to the bankruptcy rules of Hasbro's Monopoly game, suggesting similarities in how both handle a lack of funds. This comparison comes amid scrutiny of the Fed's monetary policies and concerns over national debt and inflation, potentially impacting the U.S. economy.

Portfolio Pulse from Benzinga Neuro

May 13, 2024 | 3:52 am

BABA

Alibaba Group Holding Limited (NYSE:BABA) is set to release its Q4 earnings, amidst challenges from regulatory crackdowns, economic downturns, and competition. The company's market cap has significantly dropped from its peak in October 2022. Efforts to revitalize the company included restructuring into six businesses and leadership changes, with a recent focus on generative AI technology. Analysts expect Q4 earnings of $1.41 per share on $30.42 billion in revenue, compared to the previous year's $1.50 per share and $29.15 billion.

Portfolio Pulse from Shanthi Rexaline

May 12, 2024 | 1:51 pm

DIS

HTZ

NVDA

PLTR

SBUX

Benzinga's weekly review highlights bullish and bearish perspectives on stocks like Nvidia, Starbucks, Palantir, and insights into meme coin investments. Key financial indicators and upcoming events, such as the Consumer Price Index report and a speech by the Federal Reserve Chair, are also noted. Bullish views include Palantir's buying opportunity post-Q1 earnings, Disney's DTC unit's profitability, and an investor's success with meme coins. Bearish takes involve Hertz's wrongful Tesla refueling charge, Starbucks' sales slump due to Middle Eastern policy backlash, and a significant Nvidia stake sale by a former Soros fund manager.

Portfolio Pulse from Michael Cohen

May 11, 2024 | 1:25 pm

AAPL

GOOGL

OpenAI COO Brad Lightcap stated it's too early to assess AI's full economic impact, noting the technology's potential has not yet significantly transformed the economy. Jerome Powell also remarked on AI's future role in productivity growth. OpenAI is expanding its enterprise business, including selling ChatGPT to corporate clients. Apple Inc. is reportedly integrating ChatGPT into iPhones, while OpenAI CEO Sam Altman hinted at new developments but denied rumors of a search engine or launching GPT-5.

Portfolio Pulse from Ananya Gairola

May 11, 2024 | 7:25 am

CRESY

Cresud SACIF reported a significant decrease in Q3 EPS to $0.20 from $0.57 YoY, despite a 63.51% increase in sales to $241.99M from $148.00M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:47 pm

SIEB

Siebert Financial Corp. (SIEB) reported a Q1 EPS of $(0.03), a decrease from $0.10 YoY, with sales rising to $19.70M from $16.17M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:43 pm

CURLF

TCNNF

Beacon Securities and Needham reports highlight Q1 2024 financials for Curaleaf and Trulieve, respectively, with Curaleaf posting $339M in revenue and Trulieve $297.6M. Both companies are navigating regulatory changes positively, with Curaleaf focusing on strategic financial management and Trulieve on operational strengths and market opportunities. Legislative changes are expected to further benefit both companies.

Portfolio Pulse from Nicolás Jose Rodriguez

May 10, 2024 | 10:42 pm