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YouTube has confirmed the development of a Vision Pro app for Apple's Vision Pro VR headset, despite initially refusing to allow its iPad app to run on the device. This decision comes after the popularity of the Juno app for YouTube on the Vision Pro. The launch date and features of the app remain unclear, and there's no mention of a dedicated visionOS YouTube app. Meanwhile, Netflix and Spotify have decided not to launch their apps on the Vision Pro, directing users to access content via a web browser instead. Apple's Vision Pro headset has seen significant sales, with first-weekend numbers more than double the expectations.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 10:07 am

PLTR

Palantir Technologies Inc. (NYSE:PLTR) reported Q4 earnings with profits in line and revenue exceeding expectations, leading to a surge in after-hours trading. CEO Alex Karp's remarks during the earnings call were notably praised by CNBC's Jim Cramer. Palantir's focus on AI, particularly its AIP platform, has been highlighted as a key driver for its growth and potential S&P 500 Index inclusion. Despite positive sentiment, some concerns over valuation persist.

Portfolio Pulse from Shanthi Rexaline

February 06, 2024 | 10:05 am

ATHM

Autohome (NYSE:ATHM) reported Q4 earnings with an EPS of $0.58, beating estimates by 1.75% but with a revenue decrease of $5.28 million from the previous year. The company has a history of surpassing EPS estimates, which previously led to a slight increase in share price.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 10:00 am

BABA

PDD

Alibaba Group Holding Ltd (NYSE:BABA) faces a challenging future as its stock value has plummeted by 75% from its 2020 peak, reaching an all-time low. Options traders are betting on further declines, especially ahead of Alibaba's earnings report. Despite these challenges, there's optimism for positive earnings, with a projected 5.6% revenue growth for the last quarter of 2023. Alibaba's strategic refocus on core e-commerce operations by selling off certain assets could influence its recovery.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 9:53 am

ATHM

Autohome Inc. (ATHM) reported Q4 adjusted earnings of $0.58 per share, surpassing the consensus estimate of $0.57, a 1.75% beat. However, this represents a 25.64% decrease from the previous year's earnings of $0.78 per share. Q4 sales were $269.20 million, exceeding expectations by 1.36% but marking a 1.93% decrease from the previous year's $274.50 million.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:40 am

SAP

TSLA

SAP SE (NYSE:SAP) has stopped purchasing vehicles from Tesla Inc (NASDAQ:TSLA) for its fleet, citing price fluctuations and delivery issues. Meanwhile, Dartmouth College plans to incorporate Tesla Model Ys into its fleet, aiming to transition over half of its current fleet to these electric vehicles.

Portfolio Pulse from Anan Ashraf

February 06, 2024 | 9:20 am

NTDOY

Nintendo Co Ltd (OTC:NTDOY) has increased its Nintendo Switch sales forecast to 15.5 million units for the current fiscal year, following a strong December quarter. The boost is attributed to the success of the 'Super Mario Bros. Movie' and a new Zelda game. Despite a 6% drop in net sales for the October to December period, net profit rose by 18%. The company plans to release new games featuring Mario characters. Speculation about a new Nintendo Switch model has led to a 14% rise in Nintendo's Tokyo-listed shares.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 9:05 am

AAPL

Former Apple CEO John Sculley praised the new Apple Vision Pro, comparing its impact to that of the iPhone. He highlighted the device's superior user experience over Meta Platforms' Oculus and commended Tim Cook's team for their work. The Vision Pro, Apple's first new product in seven years, launched in New York City and is seen as a significant addition to Apple's product line, potentially impacting its overall value positively.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 8:53 am

AAPL

INTC

META

Ark Invest analyst Andrew Kim predicts the end of the smartphone duopoly, highlighting Meta Platforms Inc.'s Ray-Ban smart glasses and other AI consumer hardware as potential disruptors. Meta's impressive financial results and focus on smart glasses and generative AI indicate a shift towards a post-smartphone era. The proliferation of AI hardware, including products like Humane Ai Pin, Tab, and Rabbit R1, suggests a fragmentation in consumer hardware similar to early personal computers and smartphones. Companies like NVIDIA, Intel, and Apple are also making strides in AI hardware, with Apple's Vision Pro mixed-reality headset facing mixed reviews and developer criticism.

Portfolio Pulse from Ananya Gairola

February 06, 2024 | 8:51 am

AMZN

GOOGL

NVDA

SOXX

Nvidia Corp. (NASDAQ:NVDA) shares surged 4.79% on Monday, reaching a new high of $693.32, after Goldman Sachs raised its price target to $800. The company's market cap is close to surpassing those of Amazon, Inc. (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOGL), with Nvidia's stock up 40% this year, outperforming the iShares Semiconductor ETF (NASDAQ:SOXX), the S&P 500, and the Nasdaq 100. Nvidia's growth is driven by its leadership in AI, with upcoming Q4 results expected to further boost its valuation.

Portfolio Pulse from Shanthi Rexaline

February 06, 2024 | 8:26 am