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BTCUSD

SHIBUSD

Shiba Inu (SHIB) has seen a significant surge, increasing by 68.5% to $0.00002196, with a weekly gain of 122.8%. This follows Bitcoin's (BTC) rise above $64,000. SHIB's rally, marked by an 8-day streak of gains and a 407% increase in trading volume, is attributed to a partnership with Zama for a privacy-centric network and various community developments. Notably, a whale transaction and a 3,0187% increase in SHIB's burn rate have also contributed to the bullish sentiment.

Portfolio Pulse from Bibhu Pattnaik

March 02, 2024 | 5:23 pm

AVGO

DELL

META

NVDA

Michael Dell has joined the $100 billion club as Dell Technologies Inc. (NYSE:DELL) shares surged by 32% after strong Q4 earnings, driven by demand for AI-related equipment. Dell's net worth reached $104.3 billion, making him the 12th richest globally. The company's AI servers, like the H100 and MI300X, have been highlighted for their effectiveness. Dell's wealth also benefits from his stake in Broadcom Inc. (NASDAQ:AVGO), valued at over $31 billion, acquired after Broadcom's acquisition of VMWare in 2021.

Portfolio Pulse from Nabaparna Bhattacharya

March 02, 2024 | 5:08 pm

BONKUSD

DOGEUSD

FLOKIUSD

PEPEUSD

SHIBUSD

Memecoins like Dogecoin, Shiba Inu, and Pepe saw significant gains last week, with the memecoin market cap increasing by 39% to $44 billion. Dogecoin's market cap reached $18 billion, surpassing companies like MicroStrategy and Robinhood. Shiba Inu announced a partnership with Zama for a privacy-focused network and started a petition for an ETF. Floki became the top trending asset on Stocktwits and plans to burn $11 million tokens. Bonk announced token burns and significant whale movements. The rise in memecoin prices is attributed to the Bitcoin rally and the deployment of memecoins on ETH and Solana chains.

Portfolio Pulse from Khyathi Dalal

March 02, 2024 | 4:53 pm

DECK

PLTR

SMCI

WHR

ZION

In the latest S&P 500 quarterly rebalance, Super Micro Computer, Inc. (SMCI) and Deckers Outdoor Corp. (DECK) were added to the index, replacing Whirlpool Corporation (WHR) and Zions Bancorporation (ZION), respectively. Palantir Technologies, Inc. (PLTR) was notably excluded from the S&P 500, disappointing investors. Following the announcement, SMCI and DECK saw significant after-hours trading gains, while PLTR experienced a decline.

Portfolio Pulse from Shanthi Rexaline

March 02, 2024 | 4:39 pm

BTCUSD

MSTR

Bill Miller IV, CIO at Miller Value Partners, views Bitcoin's recent run as the early stages of a significant capital repricing event, with MicroStrategy being their largest holding due to its substantial Bitcoin investments. Miller highlighted the conversion of $500 billion of fiat currency into Bitcoin, leading to average unrealized gains of 150% for holders. He praised MicroStrategy's executive chairman, Michael Saylor, for his strategic Bitcoin holdings. This outlook aligns with the firm's goal to outperform the market, viewing Bitcoin as a maturing asset amidst record ETF inflows and increasing U.S. national debt.

Portfolio Pulse from Ivan Crnogatić

March 02, 2024 | 4:29 pm

RIVN

TSLA

VWAGY

Rivian Automotive (NASDAQ:RIVN) reported Q4 financial results, highlighting 2023 milestones and a 2024 production goal of 57,000 vehicles. The introduction of leasing for its R1S SUV, which was the fifth bestselling EV in the U.S. for Q4, could significantly boost sales. Electric vehicles' market share of new retail sales in the U.S. reached 8.55% in Q4, with a record 30.7% of new EVs leased in 2023. Rivian's R1S had the lowest leasing percentage among the top five EVs, suggesting room for growth with its new leasing option.

Portfolio Pulse from Chris Katje

March 02, 2024 | 4:24 pm

AAPL

FSR

GOEV

KARS

TSLA

Electric vehicle stocks saw gains, with Tesla closing above $200 for the first time since mid-February. Key events included Tesla's Roadster update and Model Y price cut reversion, Apple shelving its self-driving car project, Fisker seeking partnerships to stay afloat, Biden's administration blocking Chinese EVs due to security risks, and Canoo's shareholder approval for a reverse stock split. The KraneShares Electric Vehicles ETF also saw a weekly increase.

Portfolio Pulse from Shanthi Rexaline

March 02, 2024 | 2:21 pm

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

Shiba Inu (SHIB) experienced a 70% surge in value after a transfer of 3 trillion tokens to a wallet named after Robinhood, outperforming Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) in price performance. The transfer, detected by Whale Alert, contributed to SHIB's climb to the 11th position in global market capitalization, with a valuation over $12.8 billion. Notable on-chain activities and purchases by significant entities like MakerDAO's co-founder and an Upbit-named wallet have also fueled SHIB's ascent.

Portfolio Pulse from Bibhu Pattnaik

March 02, 2024 | 2:09 pm

AAPL

CVNA

DIS

GOOG

Benzinga's weekly review highlights market movements, with the Nasdaq and S&P 500 seeing gains, while the Dow slightly declined. Bitcoin surpassed $60,000, anticipating the halving event. Bullish views include Ackman's confidence in Alphabet for its AI and advertising, optimistic forecasts for Dogecoin and Shiba Inu, and predictions of Bitcoin reaching $200,000. Bearish perspectives involve Goldman Sachs removing Apple from its Conviction List, criticism of Disney by Gov. DeSantis, and a short report on Carvana questioning its valuation.

Portfolio Pulse from Michael Cohen

March 02, 2024 | 2:02 pm

DELL

Jim Cramer praised Dell Technologies, Inc. (NYSE:DELL) CEO Michael Dell for advancing AI, following impressive Q4 results. Dell's earnings and sales exceeded expectations, with significant growth in AI-optimized servers. The company's stock rose 31.24% after the announcement and Cramer's comments.

Portfolio Pulse from Ananya Gairola

March 02, 2024 | 11:36 am