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NAAS

NaaS Technology Inc. (NASDAQ:NAAS) has partnered with China Southern Power Grid (Hainan) EV Service Co to enhance the EV charging infrastructure and payment services in Hainan Province, China. This collaboration aims to integrate 193 charging stations and 700 DC chargers into NaaS's nationwide network, which already includes 73,000 charging stations and 767,000 chargers. The company also announced strategic agreements with CCTEB in Wuhan and CATARC in Tianjin to further expand and improve its charging infrastructure. Despite these developments, NAAS stock has declined over 70% in the past year but saw a slight increase of 0.87% to $1.16 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

March 22, 2024 | 10:26 am

TSLA

Elon Musk confirmed that production of the Tesla Cybertruck is accelerating at the Texas Gigafactory, responding to a post showing around 370 Cybertrucks on-site. The Cybertruck has seen a surge in popularity, with over one million reservations and notable celebrities owning the vehicle. Despite its popularity, it has not yet undergone crash tests by regulatory bodies due to its unique design and lower production volumes. Musk has addressed quality concerns, ensuring issues like door panel gaps have been corrected.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 10:10 am

TTE

TotalEnergies SE (NYSE:TTE) has restarted production at the Tyra hub in the Danish North Sea after a redevelopment project. The hub is expected to produce 5.7 million cubic meters of gas and 22,000 barrels of condensate daily. The project, which TotalEnergies operates on behalf of the Danish Underground Consortium, aims to produce more efficiently with 30% lower greenhouse gas emissions. This move is seen as a step towards improving Europe's security of supply. Additionally, TotalEnergies has achieved over 1.5 GW of renewable Power Purchase Agreements globally.

Portfolio Pulse from Lekha Gupta

March 22, 2024 | 9:53 am

BUL

INTC

LRCX

SEMI

Lam Research Corp is considering diversifying its supply chain to Vietnam from China due to U.S. export controls affecting its business. The company discussed a $1 billion investment in Vietnam with the Prime Minister, aiming to reduce reliance on China, which represents 26% of its income. Despite no immediate expansion plans in Vietnam, Lam Research is exploring collaborations, notably with Seojin in South Korea. Meanwhile, Intel Corp has halted further investments in Vietnam, citing power supply and bureaucracy concerns. Lam Research's stock has surged over 94% in the last 12 months, with exposure through ETFs like SEMI and BUL.

Portfolio Pulse from Anusuya Lahiri

March 22, 2024 | 9:45 am

AAPL

GOOG

GOOGL

The U.S. Department of Justice (DOJ) has cited a 2022 conversation by Apple Inc. CEO Tim Cook in its antitrust lawsuit against the company. Cook's comments about preferring to sell an iPhone to users for better messaging interoperability between iPhones and Android devices, rather than improving the interoperability itself, have been highlighted as part of the lawsuit. This issue adds to the ongoing debate over messaging between Apple and Android devices, a topic that has seen complaints from Google and its Android partners. Apple's stance on messaging and its actions against third-party messaging app Beeper are also noted. Apple's shares saw a slight increase in premarket trading following this news.

Portfolio Pulse from Rounak Jain

March 22, 2024 | 9:44 am

FXI

TSLA

Bloomberg reported that Tesla is reducing its car production in China due to a slowdown in electric vehicle (EV) sales growth in the region. This adjustment reflects the challenges Tesla faces in maintaining its sales momentum in one of its key markets.

Portfolio Pulse from Charles Gross

March 22, 2024 | 9:44 am

BGNE

BROS

GRFS

ISPR

LULU

MTC

NKE

SOUN

Lululemon Athletica Inc. (NASDAQ:LULU) reported better-than-expected Q4 results but issued a weak Q1 forecast, leading to a 12.8% drop in pre-market trading. Other stocks also recorded losses in pre-market trading, including Ispire Technology Inc. (NASDAQ:ISPR), MMTec, Inc. (NASDAQ:MTC), SoundHound AI, Inc. (NASDAQ:SOUN), Grifols, S.A. (NASDAQ:GRFS), NIKE, Inc. (NYSE:NKE), Dutch Bros Inc. (NYSE:BROS), BeiGene, Ltd. (NASDAQ:BGNE), and Lufax Holding Ltd (NYSE:LU), with various reasons for their declines.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 9:40 am

STEM

Goldman Sachs analyst Brian Lee downgraded Stem (NYSE:STEM) from Buy to Neutral and reduced the price target from $5.5 to $2.5.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 9:39 am

AMGDF

Aston Martin Lagonda Glb (OTC:AMGDF) appoints Adrian Hallmark, current head of Bentley, as its new CEO effective Oct. 1. Hallmark replaces Amedeo Felisa amidst Aston Martin's efforts to manage a significant debt burden. The company aims for stability and growth under Hallmark's leadership, leveraging his extensive experience in the luxury automotive sector.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 9:38 am

NVDA

SMCI

Jim Cramer expressed a preference for Nvidia Corporation (NVDA) over Super Micro Computer, Inc. (SMCI), even if it means buying NVDA at a significantly higher price. This statement was made on CNBC's 'Mad Money', highlighting Cramer's lack of enthusiasm for SMCI despite its recent achievements, including its entry into the S&P 500 and strategic partnerships with Nvidia and AMD. As of the last trading session, SMCI's stock saw an 8.38% increase, closing at $971.61, while NVDA's stock rose by 1.18%, closing at $914.35.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 9:31 am