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BTBT

NVDA

SMCI

Shares of Bit Digital, Inc. (NASDAQ:BTBT) are surging in premarket trading after the company announced plans to double its Bitcoin mining operations to approximately 6.0 EH/s by 2024. Bit Digital produced 142.7 BTC in the last month, a 24% increase from the previous month, and earned 44.93 ETH in staking rewards. The company has started receiving servers equipped with NVIDIA Corporation's (NASDAQ:NVDA) HGX H100 GPUs from Super Micro Computer, Inc. (NASDAQ:SMCI), with more expected to be deployed in Iceland by January 2024. Bit Digital also anticipates $35-37 million in revenue from its first AI business customer in 2024. The company's Q3 2023 revenue was $11.6 million, mainly from Bitcoin mining. BTBT shares rose 5% to $4.410 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

December 27, 2023 | 12:57 pm

TSLA

Morgan Stanley analyst Adam Jonas has reiterated an Overweight rating on Tesla (NASDAQ:TSLA) and maintained a price target of $380.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 12:56 pm

PWUPU

Trading for PWUPU was halted at 7:55 a.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material news.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 12:55 pm

PWUP

Trading for PWUP has been halted at 7:55 a.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material news.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 12:55 pm

PWUPW

Trading on the stock PWUPW has been halted at 7:55 a.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material news.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 12:55 pm

ADBE

AMAT

AMZN

COIN

Notable insider sales were reported for Applied Materials, Adobe, Amazon, and Coinbase Global. Applied Materials' CTO sold shares worth $3.77 million, while Adobe's CEO and CFO sold shares totaling over $19 million. Amazon's CEO of AWS sold shares worth $153,515, and a Coinbase Global director sold shares worth $190,883. These sales could indicate various motivations, including personal financial management or views on the company's valuation. Additionally, Adobe and Figma terminated their $20 billion merger agreement, and JMP Securities raised its price target for Coinbase.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 12:54 pm

BYDDF

Chinese electric vehicle company BYD (OTC:BYDDF), backed by Warren Buffett, has received a conditional license for level 3 autonomous driving tests on high-speed roads. This is the second such license BYD has obtained, with the first one received in China in July. The company has recently achieved significant milestones, including producing 6 million new energy vehicles and launching the electric SUV Song L, which competes with Tesla's Model Y. BYD's advancements position it as a strong competitor to Tesla in the global electric vehicle market.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 12:46 pm

CVS

OGN

VTRS

The article highlights three health care sector stocks with over 3% dividend yields, as rated by Wall Street's most accurate analysts. Organon & Co. (OGN) has a 7.93% yield with mixed ratings and a price target cut. Viatris Inc. (VTRS) offers a 4.48% yield, with one analyst upgrading the price target and another downgrading the stock. CVS Health Corporation (CVS) has a 3.37% yield, with both analysts maintaining positive ratings but reducing price targets. Recent news for each company is also provided, which could influence their stock performance.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 12:42 pm

TSLA

A public tracker shows that over 65% of Tesla Inc's Cybertruck orders are for the all-wheel-drive (AWD) version, despite the Cybertruck's range being less than initially announced. The AWD is currently the more affordable model available, with the rear-wheel drive (RWD) version not available until 2025. The majority of orders are from California, Texas, and Florida. Tesla began Cybertruck deliveries in late November at its Texas gigafactory.

Portfolio Pulse from Anan Ashraf

December 27, 2023 | 12:39 pm

FUSN

Raymond James analyst Rahul Sarugaser has upgraded Fusion Pharmaceuticals (NASDAQ:FUSN) from Outperform to Strong Buy and increased the price target from $12 to $15.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 12:38 pm