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BRK

Warren Buffett's wealth increased by over $10 billion due to a 16% rise in Berkshire Hathaway stocks, but he dropped from fifth to tenth on the Bloomberg Billionaires Index as tech giants like Elon Musk, Jeff Bezos, and Bill Gates saw larger gains in their net worth due to surges in their respective company shares. Buffett's philanthropy also contributed to his rank decline, with $5.5 billion donated in 2023.

Portfolio Pulse from Benzinga Neuro

December 28, 2023 | 6:01 am

AAPL

MASI

A late-night email to Apple CEO Tim Cook in 2013 from scientist Marcelo Lamego, formerly of Cercacor Laboratories, a Masimo sister company, may have sparked a legal battle between Apple and Masimo Corporation. The dispute involves allegations of patent infringement and talent poaching related to blood-oxygen monitoring technology in the Apple Watch. Masimo claims Lamego brought over proprietary technology to Apple, which Apple denies. The legal issues led to a temporary ban on Apple Watch sales in the U.S., which was halted by an appellate court. Masimo is seeking a settlement, while Apple maintains its innocence and emphasizes its internal development.

Portfolio Pulse from Ramakrishnan M

December 28, 2023 | 5:57 am

COIN

MSTR

Bitcoin SV (BSV) experienced a significant surge, increasing over 51% and outperforming Bitcoin (BTC) and Ethereum (ETH). The spike in BSV's price was accompanied by a substantial increase in trading volume, which rose by over 877%. Short positions in BSV worth over $3 million were liquidated. The crypto market overall is rallying, with Bitcoin around the $44,000 mark. MicroStrategy's CEO Michael Saylor announced the purchase of an additional 14,620 BTC, which may have contributed to the market's positive sentiment. Bitcoin SV emerged from a hard fork of Bitcoin Cash in 2018. Coinbase Global Inc has discontinued support for BSV.

Portfolio Pulse from Mehab Qureshi

December 28, 2023 | 5:41 am

COIN

ETHUSD

An Ethereum wallet allegedly linked to Donald Trump transferred 1,075 ETH, worth about $2.4 million, to Coinbase, possibly from NFT sales. Arkham Intelligence reported the wallet's previous peak balance at $4 million. The wallet now holds assets worth $2.22 million, including Ethereum and other tokens like MATIC. The transfer to Coinbase does not necessarily indicate a sale. Trump-themed NFTs are marketed by NFT International LLC under a license that can be revoked. ETH price was up 9.03% at $2,417.

Portfolio Pulse from Mehab Qureshi

December 28, 2023 | 5:14 am

AMD

BITO

COIN

PLTR

SSYS

TWLO

VCYT

Ark Invest, led by Cathie Wood, purchased over $92 million of ProShares Bitcoin Strategy ETF (BITO) and sold shares of Coinbase (COIN), Block (SQ), and Palantir (PLTR). The firm also reduced holdings in Stratasys (SSYS), Advanced Micro Devices (AMD), Twilio (TWLO), and Veracyte (VCYT). These trades reflect Ark's strategic adjustments in the cryptocurrency market and other sectors.

Portfolio Pulse from Benzinga Neuro

December 28, 2023 | 4:19 am

TSLA

Elon Musk announced that Tesla's Full Self-Driving (FSD) version 12 (V12) is working well in California and is already on many cars. However, it requires more training for areas with heavy precipitation. V12, which started rolling out to employees in late November, has a new architecture, leading to extra testing before its public rollout. Musk has previously indicated that V12 would mark the end of the beta phase for FSD, suggesting full autonomy is near, a claim he reiterated at the 2023 World Artificial Intelligence Conference.

Portfolio Pulse from Anan Ashraf

December 28, 2023 | 3:24 am

MSTR

MicroStrategy purchased an additional 14,620 BTC for approximately $615.7 million, boosting its total holdings to 189,150 BTC valued at around $5.9 billion. This acquisition coincided with a rise in major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. Analysts provided insights on the market, with predictions of Bitcoin reaching $130K based on technical indicators and cycle theories.

Portfolio Pulse from Mehab Qureshi

December 28, 2023 | 3:11 am

BYDDF

BYDDY

TSLA

Canaccord Genuity's George Gianarikas suggests Tesla Inc. (NASDAQ:TSLA) could maintain its lead in the EV market based on profit share rather than unit sales, similar to Apple's strategy in the smartphone industry. Despite potential competition from BYD (OTC:BYDDF) (OTC:BYDDY) in terms of sales volume, Tesla's focus on high-margin products like Full Self-Driving software and vertical integration could ensure higher profits. Tesla is expected to deliver 1.82 million vehicles in 2023, a 37% increase from the previous year, and is planning a major Model Y overhaul in China for mid-2024.

Portfolio Pulse from Benzinga Neuro

December 28, 2023 | 3:03 am

BTC-USD

Crypto hedge funds are experiencing a resurgence, with Pantera Capital's liquid-token fund up nearly 80% this year, and Chainview Capital doubling its value. Despite the closure of about a third of crypto hedge funds after the FTX collapse, the remaining funds are optimistic about 2024, driven by Bitcoin's strong performance and the potential approval of Bitcoin ETFs in the U.S. A PwC report highlights significant global regulatory progress in the crypto space, suggesting a more stable future for digital assets.

Portfolio Pulse from Benzinga Neuro

December 28, 2023 | 2:42 am

GTBIF

TCNNF

TRSSF

TSLA

Ross Gerber, Tesla investor and CEO of Gerber Kawasaki Wealth and Investment Management, is advocating for the DEA to reschedule cannabis, highlighting the absurdity of the delay. He remains bullish on cannabis stocks, citing strong sales and cash flow for companies like Green Thumb, TerrAscend, and Trulieve. A recent report supports his view, showing significant EBITDA upside for Green Thumb and a market cap increase for Trulieve. The potential repeal of IRS tax code 280E could further benefit these companies by reducing their effective tax rates.

Portfolio Pulse from Maureen Meehan

December 28, 2023 | 2:23 am