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ZPTA

Zapata AI's shares started trading on Monday after the company completed its merger with Andretti Acquisition. Following the merger, Zapata AI's shares saw a significant increase, rising 200% in premarket trading.

Portfolio Pulse from Charles Gross

April 01, 2024 | 9:46 am

FWONA

FWONK

Liberty Media Corporation (NASDAQ:FWONA, FWONK) has announced its agreement to acquire Dorna Sports, the exclusive commercial rights holder to the MotoGP World Championship, from Bridgepoint and Canada Pension Plan Investment Board for an enterprise value of €4.2B and an equity value of €3.5B. The deal involves Liberty Media acquiring 86% of MotoGP, with the remaining 14% retained by MotoGP management. The transaction will be paid through 65% cash, 21% in FWONK shares, and 14% retained equity, with the option for Liberty Media to pay additional cash instead of FWONK shares.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:34 am

ARB

DOGE

ETH

WIF

BitMEX co-founder Arthur Hayes and Real Vision CEO Raoul Pal discussed the value meme coins bring to the crypto industry by attracting attention and new participants. They highlighted the popularity of meme coins among younger investors and mentioned the success of the Solana-based memecoin dogwifhat (WIF), which recently surpassed Arbitrum (ARB) in market cap. Ethereum co-founder Vitalik Buterin also commented on memecoins, suggesting they could be made useful or charitable.

Portfolio Pulse from Mehab Qureshi

April 01, 2024 | 9:31 am

VWAGY

XPEV

XPeng (NYSE:XPEV), a Chinese electric vehicle manufacturer, has announced its entry into the German market, challenging Volkswagen (OTC:VWAGY) and other automakers. The launch is part of XPeng's European expansion, with vehicle sales in Germany starting in May. XPeng plans to showcase its G9 SUV and P7 sports sedan at 24 retail locations across Germany, aiming for a 3% market share in the new energy vehicle segment by year-end. This move comes as BEV sales in Germany saw a 15.4% decline, despite a modest 9% growth in the EU. Volkswagen leads EU auto sales, with an 11.5% increase in registrations year-on-year.

Portfolio Pulse from Anan Ashraf

April 01, 2024 | 9:21 am

APLT

BTBT

CIFR

CLSK

DJT

MSTR

OCGN

OXM

Oxford Industries reported disappointing Q4 results and weak Q1 guidance, causing its shares to drop 6% in pre-market trading. Other stocks like Applied Therapeutics, CleanSpark, Trump Media & Technology Group, Ocugen, MicroStrategy, Bit Digital, Toyota Motor, and Cipher Mining also saw pre-market declines due to various factors including FDA review extensions, analyst ratings, and sales performance.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 9:13 am

XPEV

XPeng Inc. (NYSE:XPEV), a leading Chinese smart electric vehicle company, reported a significant increase in its Smart EV deliveries for March 2024 and the first quarter of the year. In March, XPENG delivered 9,026 Smart EVs, marking a 99% increase from the previous month and a 29% year-over-year increase. The XPENG X9 was the top-selling all-electric MPV in China for the month. For Q1 2024, the company delivered 21,821 Smart EVs, up 20% from the previous year. Additionally, the monthly active user penetration rate of XNGP in urban driving scenarios reached 82%.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:02 am

Li Auto Inc. reported a 39.2% year-over-year increase in vehicle deliveries for March 2024, totaling 28,984 units. The company's Q1 deliveries also rose by 52.9% YoY to 80,400 vehicles. This growth establishes Li Auto as the first Chinese new energy automaker to surpass 700,000 cumulative deliveries, reaching 713,764 by the end of March 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:33 am

AMZN

Amazon.com Inc. (NASDAQ:AMZN) has spent over $3 million in 2023 on consultants to discourage unionization among its delivery network employees. This spending is part of Amazon's broader efforts to resist unionization, despite facing legal challenges, including a ruling by a National Labor Relations Board judge that found the company guilty of violating federal labor laws. Amazon's spending on anti-union activities has decreased compared to the previous two years.

Portfolio Pulse from Rounak Jain

April 01, 2024 | 8:26 am

GOOG

GOOGL

MSFT

NVDA

Sir Demis Hassabis, co-founder of Google DeepMind, expressed concerns over the exaggerated hype surrounding artificial intelligence (AI), comparing it to the crypto buzz. He believes this overshadows real scientific progress in AI. Despite the hype, Hassabis remains optimistic about AI's transformative potential, citing DeepMind's AlphaFold as a significant advancement. The article also mentions the surge in funding for AI startups and the interest in major tech companies like Microsoft, Alphabet, and Nvidia, which are leading the AI revolution.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 8:07 am

TSLA

Tesla Inc's executive Rohan Patel addressed the delay in rolling out version 12 of the Full Self-Driving (FSD) software for certain Model S and X vehicles. The delay is due to the need to validate different hardware present in about 3% of FSD-eligible vehicles. Despite the delay, Tesla's team is focused on resolving the issue, though no specific timeline was provided. The rollout of free FSD trials in the U.S. has received positive reviews, aiming to encourage purchases or subscriptions by showcasing the software's potential for fully autonomous driving.

Portfolio Pulse from Anan Ashraf

April 01, 2024 | 7:56 am