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AMZN

RIVN

Rivian Automotive Inc.'s CFO, Claire McDonough, disclosed that a significant decrease in electric delivery van (EDV) deliveries to Amazon.com Inc. in Q4 negatively impacted Rivian's gross margin. Deliveries to Amazon accounted for only 8% of Rivian's total revenue in Q4, down from 30% in the previous quarter. This decline was expected due to Amazon's restriction on new commercial van intake during peak periods. Rivian ended Q4 with a surplus of commercial vans, contributing to a 46% drop in gross margin. Despite a partnership with Amazon to deploy 100,000 EDVs by 2030, only over 10,000 are currently operational. Rivian has revised its agreement with Amazon to sell vans to other parties but does not expect significant demand from non-Amazon customers until around 2025.

Portfolio Pulse from Anan Ashraf

February 22, 2024 | 4:36 am

ARKB

BTCUSD

Max Keiser predicts a market crash akin to 1987, with Bitcoin soaring past $500,000 as a safe haven. He warns that Bitcoin ETFs and domestic miners in the US might face government seizure. Keiser also foresees a migration wave into El Salvador due to market imbalances, with the top 10% of US stocks representing 75% of market value, a concentration level not seen since the Great Depression.

Portfolio Pulse from Mehab Qureshi

February 22, 2024 | 4:35 am

HD

Jim Cramer, host of CNBC's 'Mad Money', recommends holding onto Home Depot (HD) shares despite a disappointing quarter, citing management's conservative forecast and potential for future growth. Home Depot reported a nearly 3% drop in quarterly sales, attributed to falling lumber prices and interest rate hikes. However, the company's outlook remains cautiously optimistic, with expectations of benefiting from the spring planting season and potential interest rate decreases.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 4:34 am

NVDA

Nvidia Corporation's CEO, Jensen Huang, during the Q4 earnings call, expressed optimism for the company's future, highlighting its strong position in the data center business due to industry-wide transitions to accelerated computing and generative AI. He introduced the concept of AI generation factories, emphasizing Nvidia's role in powering applications like ChatGPT with its AI supercomputers. The CFO, Colette Kress, noted that 40% of data center revenue was for AI inference, underscoring the company's significant growth and strong financial performance, including a revenue beat of $22.10 billion and a non-GAAP EPS of $5.16 for Q4 2024.

Portfolio Pulse from Ananya Gairola

February 22, 2024 | 4:17 am

NVDA

Nvidia Corp (NASDAQ:NVDA) reported higher than expected Q4 earnings and revenue, leading to a significant increase in AI token values, including Fetch.AI (CRYPTO: FET), SingularityNET (CRYPTO: AGIX), and Render (CRYPTO: RNDR). Nvidia's success, driven by its advanced graphics processors for AI development, contributed to a 9.2% jump in its shares in after-hours trading. The company's positive outlook for the current quarter further boosted AI token prices, with notable gains observed across several cryptocurrencies.

Portfolio Pulse from Mehab Qureshi

February 22, 2024 | 4:07 am

ETSY

LUNR

NVDA

RIVN

TSLA

Nvidia's Q4 earnings beat expectations with significant growth in Data Center and Gaming sectors, driving after-hours shares up 9.07%. Rivian missed EPS projections despite beating revenue estimates, leading to a 3.15% stock decline. Intuitive Machines' stock fell 15.20% amid its lunar lander mission. Etsy's stock rose 1.66% on optimistic growth initiatives despite mixed Q4 results. Tesla's stock increased by 0.52%, continuing to lead the EV market. The mixed performance of major U.S. indices saw the Dow up by 0.13%, while NASDAQ fell by 0.32%.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 3:29 am

NVDA

Wedbush's Dan Ives hailed Nvidia's Q4 performance as a 'Taylor Swift moment' for the tech market, emphasizing its significant impact on the tech bull market. Nvidia's Q4 earnings exceeded forecasts with a 265% year-over-year revenue increase, marking a pivotal moment for the tech sector, especially in AI. Gene Munster also highlighted Nvidia's long-term growth potential, referencing CEO Jensen Huang's statement on the need for a $1 Trillion infrastructure build to support AI advancements.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 3:00 am

BTC-USD

DOGE-USD

ETH-USD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced declines, with significant liquidations occurring in the past 24 hours. The global cryptocurrency market cap decreased by 2.03%. Meanwhile, the Nasdaq Composite fell, while the Dow Jones and S&P 500 saw slight gains. Federal Reserve minutes indicated no imminent rate cuts. Analysts predict a correction for Bitcoin before a potential rise, noting mixed behavior among crypto whales but a trend of accumulation among the largest holders.

Portfolio Pulse from Mehab Qureshi

February 22, 2024 | 2:52 am

AAPL

AMZN

GOOGL

META

MSFT

NVDA

TSLA

Jim Cramer evaluated the earnings of the 'Magnificent Seven' mega-cap companies, praising NVIDIA and Amazon for their strong performances. NVIDIA's revenue surged 265% due to AI product demand, while Amazon's advertising and web services sectors grew. Meta, Microsoft, Apple, Alphabet, and Tesla also received assessments, with mixed reviews for some. Cramer's analysis suggests these companies have significantly impacted the market, with a hint at potential high-yield investments beyond these tech giants.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 2:30 am

NPSCY

X

A Reuters poll indicates nearly half of Japanese companies view a potential Trump presidency as a business risk, primarily due to concerns over protectionist policies. The apprehension stems from Trump's stance on blocking the acquisition of United States Steel Corporation (NYSE:X) by Nippon Steel Corporation (OTC:NPSCY), which could impact future acquisitions and shareholder interests in U.S. Steel.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 2:06 am