Streetbeat News

Security

AAPL

GRND

META

MSFT

NVDA

RDDT

SPOT

STM

TSLA

Last week in consumer tech saw mixed earnings reports, with STM and META missing and beating consensus estimates, respectively, and SPOT outperforming in both revenue and EPS. Elon Musk addressed legal disputes and criticized Social Security, while emphasizing Tesla's AI and robotics focus. Microsoft and Meta announced a VR collaboration, and Apple faced challenges in China and adjusted its Vision Pro shipments. The U.S. moves closer to a TikTok ban, raising free speech concerns. Nvidia acquires Run:ai, and Meta plans to open-source a $10 billion AI model. Privacy concerns hit Reddit and Grindr.

Portfolio Pulse from Lekha Gupta

April 28, 2024 | 9:53 pm

AMD

INTC

NVDA

QCOM

U.S. Secretary of State Antony Blinken clarified that U.S. export controls on advanced computing chips to China are not aimed at hindering China's economic or technological progress but are focused on sensitive technology that could pose a security threat. Despite stringent controls affecting companies like Nvidia and AMD, Intel and Qualcomm have been granted export licenses to supply chips to Huawei. This policy aims to balance national security concerns with the economic interdependence between the U.S. and China.

Portfolio Pulse from Ananya Gairola

April 27, 2024 | 7:45 am

AMD

NVDA

The U.S. and China have agreed to hold their first high-level talks on artificial intelligence (AI), as confirmed by U.S. Secretary of State Antony Blinken. These discussions aim to address potential risks and safety concerns related to AI. Amidst ongoing trade and national security issues, the U.S. has imposed restrictions on the export of advanced AI chips to China, affecting companies like Nvidia Corp. (NVDA) and Advanced Micro Devices (AMD). The talks could influence the future of technological competition and cooperation between the two nations.

Portfolio Pulse from Rounak Jain

April 27, 2024 | 3:13 am

DOGEUSD

Swing trader Picolas Cage criticizes meme coins as harmful to the cryptocurrency ecosystem, labeling them as 'pure ponzi' schemes that exploit less informed investors. He contrasts this with Dogecoin's previous success, which he views differently due to its origins and impact. Cage argues that meme coins create an unfair market dynamic, divert attention from genuine innovation, and pose risks to uninformed investors.

Portfolio Pulse from Khyathi Dalal

April 26, 2024 | 7:28 pm

ETH-USD

The FBI has issued a warning against using unregistered cryptocurrency services, emphasizing the importance of compliance with KYC and AML regulations. This comes amid actions against non-compliant services and concerns over the regulatory treatment of cryptocurrencies, including a lawsuit by Consensys against the SEC over the classification of Ether as a security. The situation underscores the need for clear crypto regulations.

Portfolio Pulse from Murtuza Merchant

April 26, 2024 | 2:24 pm

TSLA

A report from The Verge highlights that Tesla's Autopilot and Full Self-Driving (FSD) features have been linked to hundreds of crashes and dozens of deaths, according to an investigation by the National Highway Traffic Safety Administration (NHTSA).

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 2:19 pm

VMAR

Vision Marine Technologies announced the filing of a patent for an advanced system communication encryption in its E-Motion powertrain, aimed at enhancing security, ensuring system conformity, and improving the boating experience.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:40 am

LIVN

LivaNova PLC (NASDAQ:LIVN) announced a cybersecurity incident affecting its U.S. subsidiary, LivaNova USA, Inc., which led to unauthorized access to U.S. patients' personal information. The breach, initially disclosed on November 20, 2023, was detected on November 19, 2023, with unauthorized access dating back to October 26, 2023. The compromised data includes names, contact details, Social Security numbers, medical and health insurance information. LivaNova is offering affected patients complimentary identity protection and credit monitoring services.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:23 pm

FTEC

MSFT

SWI

XLK

Microsoft Corp (MSFT) is facing significant cybersecurity challenges, with a series of high-profile breaches reported. The U.S. Cyber Safety Review Board has called for an overhaul of Microsoft's security culture. Despite these challenges, analysts remain optimistic about Microsoft's growth, particularly in AI services through Azure. Microsoft's stock has seen a 43% increase over the last 12 months, but recently traded lower by 3.93%. Exposure to Microsoft can also be gained through ETFs like SPDR Select Sector Fund – Technology (XLK) and Fidelity MSCI Information Technology Index ETF (FTEC).

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 5:15 pm