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NTDOY

Nintendo Co (OTC:NTDOY) shares dropped 6% amid reports of a potential delay in the launch of its next-generation console, rumored to be the Switch 2, until early 2025. The delay is a deviation from the original plan to release the console later this year. Despite no official confirmation from Nintendo about the successor to the Switch, expectations are high for the new device. The delay news follows earlier reports of a significant upgrade for the rumored console, including an 8-inch LCD screen, which faced criticism from fans.

Portfolio Pulse from Benzinga Neuro

February 19, 2024 | 10:27 am

META

Meta Platforms Inc. CEO Mark Zuckerberg emphasized the company's ongoing commitment to the metaverse, despite the current focus on AI. In a podcast interview, he highlighted Meta's substantial annual investment of at least $15 billion in both AI and the metaverse. Zuckerberg's remarks underscore the importance of the metaverse to Meta's long-term strategy, even as AI garners more immediate attention. This comes amid scrutiny of Meta's metaverse initiatives, including a public critique by Elon Musk and layoffs in the Reality Labs unit.

Portfolio Pulse from Ananya Gairola

February 19, 2024 | 9:10 am

META

SNAP

Snap Inc. (NYSE:SNAP) faces growing investor frustration due to its financial underperformance, with its stock plummeting 40% this month after reporting a $248 million loss and another round of layoffs. Wedbush's Dan Ives highlighted the continuous disappointment among investors, contrasting Snap's struggles with Meta Platforms' (NASDAQ:META) record ad sales profits. Snap's leadership, particularly CEO Evan Spiegel, is under scrutiny as investor confidence wanes, exacerbated by Snap's significant control structure and ongoing legal challenges.

Portfolio Pulse from Benzinga Neuro

February 19, 2024 | 7:32 am

BYDDF

BYDDY

BYD Co Ltd, backed by Warren Buffett, announced a stock buyback and plans to expand luxury car production amid a stock price slump and market challenges. Despite a 74.5% net profit increase in 2023 and surpassing Tesla in EV sales, BYD's shares have fallen 11.4% this year due to concerns over a potential price war and China's economic performance. The company aims to revive its stock price and diversify its product line with these new strategies.

Portfolio Pulse from Benzinga Neuro

February 19, 2024 | 7:23 am

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), stated on X (formerly Twitter) that Tesla will never create a concept car that doesn't become reality, highlighting the Cybertruck's delivery commencement in November 2023. Skepticism arose among X users, referencing the delayed second-generation Tesla Roadster, unveiled in 2017 with production now expected by the end of next year, and the Cyber ATV concept, which has yet to materialize.

Portfolio Pulse from Anan Ashraf

February 19, 2024 | 6:27 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' predicts Bitcoin will reach $100k by June 2024. He continues to advocate for investing in 'hard assets' like gold, silver, and Bitcoin, criticizing the Federal Reserve and urging followers to monitor the upcoming Bitcoin halving event in April 2024. Bitcoin has recently hit a 26-month high of $52,000, gaining almost 23% this year.

Portfolio Pulse from Benzinga Neuro

February 19, 2024 | 5:21 am

META

Meta Platforms Inc. CEO Mark Zuckerberg commented on Sam Altman's $7 trillion AI chipmaking plan, calling it 'astronomical' but not dismissing its necessity for AI's future. Zuckerberg highlighted the growing demand for chips in AI model training, suggesting the industry will face physical constraints requiring significant investment. Altman's plan, seeking approval from the U.S. government, aims to prevent a chip shortage that could impede AI adoption.

Portfolio Pulse from Ananya Gairola

February 19, 2024 | 5:14 am

BTCUSD

Edward Snowden, the former NSA contractor, has expressed strong support for Bitcoin, calling it the most significant monetary advancement since the invention of coinage. He shared his views on X, emphasizing Bitcoin's importance despite its controversial nature. Snowden's endorsement comes as Bitcoin experiences a significant rally, with a 23% increase since the start of 2024 and reaching a 26-month high of $52,000. This surge is attributed to strong inflows into spot ETFs, with Bitcoin ETFs averaging over $1.8 billion in volume per day in early February. Snowden has previously highlighted the potential of Bitcoin ETFs and criticized figures like JP Morgan CEO Jamie Dimon for their skepticism towards Bitcoin. His recent comments underscore his belief in the transformative potential of cryptocurrencies.

Portfolio Pulse from Benzinga Neuro

February 19, 2024 | 3:26 am

F

TSLA

Ford Motor Co (NYSE:F) has reduced the prices of its 2023 Mustang Mach-E in Canada, making it more competitive against Tesla Inc's (NASDAQ:TSLA) Model Y. The price cuts range from C$5,000 to C$13,000 across most Mach-E models, with the GT Performance Edition Extended Range seeing the most significant reduction. This adjustment also enables all Mach-E models to qualify for a federal rebate of C$5,000. The price reduction positions the Mach-E Select RWD Standard Range at a starting price lower than the Model Y, enhancing its competitiveness in the electric vehicle market.

Portfolio Pulse from Anan Ashraf

February 19, 2024 | 3:10 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin saw gains as the global cryptocurrency market cap rose to $1.96 trillion. Bitcoin is consolidating at $52,000, with expectations of a rise to $54-58K before a correction. Analysts note Bitcoin's dominance and potential corrections, while ETF trading volumes thrive.

Portfolio Pulse from Shivdeep Dhaliwal

February 19, 2024 | 2:43 am