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ALGN

The US Court has confirmed a $63 million arbitration award in favor of Align Technology (ALGN) and rejected SmileDirectClub's request. This legal victory could potentially strengthen Align's market position.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 5:47 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has lost nearly $200 billion in market capitalization, a fifth of its peak value. The drop is attributed to inflation, increased interest rates, potential recession fears, and internal company issues. Tesla's market cap is now approximately $730 billion. Additionally, Ark Invest has decreased its Tesla holdings by over 17.6%, indicating a possible loss of faith from one of Tesla's major supporters.

Portfolio Pulse from Benzinga Neuro

August 24, 2023 | 5:34 am

ETHUSD

Former President Donald Trump's NFT collection saw a 1200% surge in sales following his interview with Tucker Carlson. Over 40 NFTs from Trump's collection were sold, and the floor price of the NFT increased by 30%. Financial disclosures revealed that Trump owns up to $5 million worth of Ethereum (ETH), earning him $2.8 million from his ETH holdings and over $4.8 million from licensing fees associated with his NFT collections.

Portfolio Pulse from Mehab Qureshi

August 24, 2023 | 4:57 am

BA

QABSY

QUBSF

Qantas has doubled its Boeing 787 Dreamliner fleet by ordering four 787-9 and eight 787-10 airplanes. This could potentially boost Boeing's revenues and stock price.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 4:47 am

BTCUSD

DOGEUSD

PEPEUSD

Glauber Contessoto, known as the 'Dogecoin Millionaire', saw his holdings in Dogecoin (CRYPTO: DOGE) drop from $3 million to $50,000 due to a sharp decline in Dogecoin's price. Despite the loss, Contessoto remains optimistic about the future of Dogecoin and other dog-themed meme coins.

Portfolio Pulse from Mehab Qureshi

August 24, 2023 | 3:37 am

TSLA

Tesla CEO Elon Musk has stated that the company will announce the delivery event for the Cybertruck once it is ready. The Cybertruck, which Musk describes as an 'extremely difficult' product to build, has seen high anticipation since its unveiling in 2019. As of November last year, the Cybertruck had crossed 1.5 million pre-orders and is nearing 2 million units according to a crowd-sourced reservation tracker.

Portfolio Pulse from Anan Ashraf

August 24, 2023 | 3:05 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced gains on Wednesday, aligning with the surge in traditional markets. Bitcoin reached a peak of over $26,600, setting a new high for the week. Ethereum is expected to undergo a significant drop before reaching new all-time highs, according to crypto analyst Benjamin Cowen. The global crypto market capitalization stands at $1.06 trillion, a 1.44% increase in the last day. Stocks also closed higher on Wednesday, with the S&P 500 and Nasdaq Composite seeing strong gains.

Portfolio Pulse from Mehab Qureshi

August 24, 2023 | 2:42 am

META

NVDA

Meta Platforms Inc (NASDAQ:META) shares are trading higher by 2.3% to $301.00 during Wednesday's after-hours session amid broader tech sector strength. The rise is attributed to the strong financial results and guidance from NVIDIA, a leader in the AI sector. Meta Platforms, which also integrates AI in its operations, could benefit from the growing adoption of AI technologies. NVIDIA's strong AI performance could suggest advancements in AI technologies, which could translate into improved AI-powered services by Meta Platforms.

Portfolio Pulse from Henry Khederian

August 24, 2023 | 12:23 am

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) shares are trading higher by roughly 1.03% amid broader tech sector strength. The strong performance of NVIDIA in the AI sector could indicate a growing demand for AI-related technologies and solutions, potentially benefiting Amazon's cloud business and its stock price. Amazon also utilizes AI for various purposes, which could signify advancements and increased investments in AI technologies.

Portfolio Pulse from Henry Khederian

August 24, 2023 | 12:12 am

BCHUSD

BTCUSD

Bitcoin Cash (BCH) has fallen 6.5% to $193.23 over the past week due to overall market weakness following weak economic data from China and potential downgrades in the banking sector. The perception of traditional financial systems as riskier might prompt investors to seek refuge in more established and regulated financial assets, reducing demand for Bitcoin Cash. Negative developments in the banking sector can also impact market confidence and reduce the adoption of cryptocurrencies.

Portfolio Pulse from Henry Khederian

August 24, 2023 | 12:03 am