Streetbeat News

Stock Prices

GOOG

Alphabet Inc's Google is facing calls for CEO Sundar Pichai to step down amid concerns over its pace of innovation, especially in AI. Analysts like Ben Thompson and Mark Shmulik suggest a leadership change might be necessary for Google to navigate the AI era effectively. Despite Pichai's success in growing Google's market cap significantly, recent missteps and the tech industry's rapid shift towards AI have led to debates about the company's future direction and leadership. Gartner predicts a 25% drop in traditional search volume by 2026 due to AI, highlighting the urgency for Google to adapt.

Portfolio Pulse from Bibhu Pattnaik

March 02, 2024 | 11:56 pm

BTCUSD

DOGEUSD

Billy Markus, co-founder of Dogecoin, made a controversial statement on X as Dogecoin's price surged 18% overnight. The comment, reflecting on Dogecoin's original intent as a joke, coincided with a broader cryptocurrency market rally, notably Bitcoin's 21.74% increase following excitement over spot Bitcoin ETFs led by BlackRock.

Portfolio Pulse from Bibhu Pattnaik

March 02, 2024 | 9:44 pm

BLK

JPM

Presidential candidate Robert Kennedy Jr. criticized big banks like BlackRock and JP Morgan for influencing Congress against Bitcoin, emphasizing the need for transactional freedom and protection against inflation for the middle class. He highlighted the importance of Bitcoin in ensuring such freedoms, contrasting with government-controlled digital currencies. Donald Trump also expressed a cautious acceptance of Bitcoin and opposed central bank digital currencies, citing control over money as a threat to freedom.

Portfolio Pulse from Shanthi Rexaline

March 02, 2024 | 8:29 pm

CVX

Chevron Corporation (NYSE:CVX) has paused biodiesel production at two facilities in the U.S. Midwest due to unfavorable market conditions, despite acquiring Renewable Energy Group in 2022 for $3.15 billion to boost renewable fuel output. Biodiesel prices have fallen, and renewable credits' value has decreased. Concurrently, Chevron unveiled a green hydrogen initiative in California's Central Valley, aiming to produce low carbon energy using solar power and non-potable water.

Portfolio Pulse from Nabaparna Bhattacharya

March 02, 2024 | 7:06 pm

DOGEUSD

SHIBUSD

SOLUSD

WIFUSD

Arthur Hayes, co-founder of BitMex, predicts Dogwifhat (WIF) will reach $2 after a 330% weekly rally, surpassing rivals Dogecoin (DOGE) and Shiba Inu (SHIB) in gains. The Solana-based memecoin's popularity surged following a quiet listing by Robinhood Europe, pushing its market cap over $1 billion. Influencers have further fueled its rise with guerrilla marketing campaigns.

Portfolio Pulse from Ivan Crnogatić

March 02, 2024 | 6:31 pm

BONKUSD

DOGEUSD

FLOKIUSD

PEPEUSD

SHIBUSD

Max Schwartzman, CEO of BecauseBitcoin, predicts Pepe (PEPE) to outperform memecoin rivals Dogecoin (DOGE), Shiba Inu (SHIB), Bonk (BONK), and Floki Inu (FLOKI) based on technical analysis. Pepe has seen a 260% weekly gain, surpassing its May 2023 all-time high, and is expected to reach new highs in terms of ETH. The rally's continuation may depend on the broader Bitcoin market movements.

Portfolio Pulse from Ivan Crnogatić

March 02, 2024 | 6:03 pm

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