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Security

BIDU

Baidu Inc's (NASDAQ:BIDU) stock experienced its largest drop since 2022 following a report by the South China Morning Post that linked its AI platform, Ernie, to the People's Liberation Army's AI platform. The report has raised concerns about potential sanctions from the US, which could impact Baidu's business. Despite the popularity of Ernie, Baidu faces intense competition in the AI space, and the military allegations add to the company's challenges.

Portfolio Pulse from Benzinga Neuro

January 15, 2024 | 6:57 am

NVDA

Despite U.S. export restrictions, China's military, government sectors, AI institutions, and universities have continued to acquire NVIDIA Corp (NASDAQ:NVDA) chips, including banned A100, H100, A800, and H800 models. The chips have been sourced through an underground market, with vendors leveraging surplus stock or imports via third countries. Nvidia asserts compliance with export laws and readiness to act against unlawful resales. The U.S. is monitoring Nvidia's new AI accelerators for the Chinese market, while Nvidia explores expansion into other Asian markets like Vietnam.

Portfolio Pulse from Benzinga Neuro

January 15, 2024 | 1:46 am

BLK

TSLA

The past week in the cryptocurrency market saw Anthony Scaramucci expressing bullishness on Bitcoin ETFs, the SEC's Twitter account being hacked with false Bitcoin ETF approvals, Elon Musk discussing Bitcoin use on X, Cathie Wood revealing her Bitcoin holdings, a surge in crypto prices following Bitcoin ETF approval, and a significant increase in the Shiba Inu token burn rate. BlackRock and Tesla were mentioned in relation to Bitcoin ETF applications and potential Bitcoin use, respectively.

Portfolio Pulse from Benzinga Neuro

January 13, 2024 | 10:17 am

AAPL

ALK

Apple Inc. (AAPL) faced a week of varied developments including a delay in the launch of the next-gen AirTag, board member retirements, security concerns over AirDrop, and an iPhone surviving a 16,000-foot drop. The AirTag's second-gen launch is postponed to 2025 due to overstock. Al Gore and James Bell retired from the board, with Wanda Austin proposed as a new member. Chinese researchers claim to have cracked AirDrop, potentially compromising user security. An iPhone fell from an Alaska Air Group (ALK) flight and survived. The ITC rejected Apple's plea to suspend an import ban on certain Apple Watch models.

Portfolio Pulse from Benzinga Neuro

January 13, 2024 | 9:56 am

NOC

Shares of Northrop Grumman (NOC) are trading higher after the US and UK conducted strikes against Houthi targets in Yemen, indicating increased military activity that could lead to higher defense spending.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 8:27 pm

EWU

SPY

USO

A senior U.S. military official has stated that the U.S. does not anticipate a high number of casualties from recent operations, as the targets were missile launchers located in rural areas. This information may influence investor sentiment regarding defense, security, and energy sectors.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 7:42 pm

EWU

SPY

USO

A senior U.S. military official reported that the U.S. and Britain conducted strikes on just under 30 different locations in Yemen. The details of the operations, including the specific targets and the outcomes, were not disclosed in the article.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 7:41 pm

COST

NEE

SRE

USO

XLP

XLU

Tensions in the Middle East, particularly around the Red Sea, have escalated after U.S.-led airstrikes against Houthi rebels in Yemen, raising concerns of stagflation in 2024. The conflict has led to increased shipping costs as routes are diverted, contributing to a recent rise in oil prices towards $80 a barrel. The United States Oil Fund (USO) saw a 2.5% increase in response. Analysts suggest that if tensions continue, oil prices could surge to $120 per barrel. Despite these risks, the U.S. economy is expected to grow around 2.5% in 2023. In a stagflation scenario, consumer staples and utilities are considered safer investments, with funds like XLP and XLU holding stocks such as PG, COST, NEE, and SRE, which could perform well.

Portfolio Pulse from Neil Dennis

January 12, 2024 | 5:19 pm

USO

A Panama-flagged tanker near Yemen's Aden in the Red Sea was mistakenly targeted due to outdated information that linked the vessel to the U.K., according to Ambrey.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:04 pm

FAA Administrator Whitaker has stated that the agency anticipates 'continuous monitoring of the situation' once the Max 9 aircraft returns to service, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 4:43 pm