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TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), is considering a partnership with his AI startup, xAI. The collaboration, suggested by investor Dave Lee on social media platform X, would involve Tesla's financial investment and DOJO compute resources in exchange for equity and access to xAI's AI chatbot, Grok AI. Musk has announced his intention to discuss the potential partnership with Tesla's board, sparking interest among shareholders.

Portfolio Pulse from Anan Ashraf

November 22, 2023 | 7:43 am

Deere & Company (NYSE:DE) is expected to report Q4 2023 earnings of $7.47 per share, slightly up from $7.44 a year ago, with revenue forecasted at $13.69 billion, down from $14.35 billion. The company had exceeded Q3 expectations and raised its FY23 net income outlook. Shares closed up 0.6% at $382.65. Analysts have revised their ratings and price targets, with changes ranging from downgrades to maintaining current ratings and adjusting price targets both up and down.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 7:03 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) reported exceptional Q3 earnings with $18.12 billion in revenue, a 206% year-over-year increase and 34% sequential growth. Tesla CEO Elon Musk reacted with a 'Wow' to Nvidia's revenue jump. Despite a slight decline in Nvidia's stock after the announcement, the company's performance and its role as a key supplier to Tesla for AI and self-driving technology components highlight its importance in the tech sector.

Portfolio Pulse from Shanthi Rexaline

November 22, 2023 | 6:24 am

MSFT

Sam Altman has been reinstated as the CEO of OpenAI, with a new board being formed that includes Bret Taylor as Chair, Larry Summers, and Adam D'Angelo. This follows a period of intense drama at the Microsoft-backed OpenAI. The details of the arrangement are still being worked out, and Altman has expressed his commitment to the team and mission of OpenAI.

Portfolio Pulse from Rounak Jain

November 22, 2023 | 6:16 am

NVDA

Jim Cramer, a well-known financial analyst, has stated that Nvidia (NASDAQ:NVDA) is capable of prospering even without the Chinese market, following their successful Q3 earnings report. Despite surpassing expectations and achieving record data center revenue, Nvidia's stock experienced a decline in after-hours trading, possibly due to concerns over U.S. import restrictions on China. Cramer's comments and Nvidia's Q3 performance indicate resilience, but the company's future without China's business remains a focal point for investors.

Portfolio Pulse from Benzinga Neuro

November 22, 2023 | 5:49 am

CRM

GOOG

GOOGL

MSFT

NVDA

Following the removal of Sam Altman as CEO of OpenAI, competitors like Google (Alphabet Inc), Anthropic, Nvidia, and Salesforce have reported increased interest from customers and potential employees. Google has seen a surge in activity, Cohere has experienced a rise in inquiries, and over 100 customers have reached out to Anthropic. Salesforce's CEO Marc Benioff has invited OpenAI researchers to join his company. This comes after an internal revolt at OpenAI, with reports of employees willing to leave for Microsoft, where Altman is now employed.

Portfolio Pulse from Ananya Gairola

November 22, 2023 | 5:49 am

BNB-USD

BTC-USD

DOGE-USD

ETH-USD

Over $225 million in crypto positions were liquidated following Binance CEO Changpeng Zhao's resignation. The liquidations were predominantly in long positions, with Binance seeing $98 million in trades. Bitcoin, Ethereum, Binance Coin, and Dogecoin were notably affected, with Bitcoin and Ethereum taking the largest hits. Zhao's departure and the subsequent withdrawal surge of $566.8 million from Binance have contributed to market instability.

Portfolio Pulse from Mehab Qureshi

November 22, 2023 | 5:30 am

BTCUSD

ETHUSD

Binance CEO Changpeng Zhao (CZ) resigned following a $4.3 billion DOJ settlement over legal infractions. Despite a spike in withdrawals, Binance's financial standing remains stable with $65-$68.4 billion in assets. The crypto market experienced a downturn, with Bitcoin and Ethereum dropping 3% and 2% respectively after the news. November has historically been a challenging month for crypto, with significant market cap declines and the FTX collapse in the previous year.

Portfolio Pulse from Mehab Qureshi

November 22, 2023 | 5:23 am

Block Inc. (NYSE:SQ) CEO Jack Dorsey is changing the company's performance management by eliminating annual performance reviews and PIPs, aiming to foster a 'culture of excellence'. Dhanji Prasanna has been appointed as the new CTO. Regular evaluations will replace annual reviews, with immediate dismissal for underperforming employees. Despite these changes, Block has seen a 37.5% increase in Bitcoin revenue and a gross profit of $44 million from Bitcoin in Q3, leading to a rise in its share price.

Portfolio Pulse from Benzinga Neuro

November 22, 2023 | 4:48 am

BOTZ

IWO

MEME

ETFs tracking meme stocks, such as the Roundhill MEME ETF (MEME), the Robotics & AI ETF (BOTZ), and iShares Russell 2000 Growth (IWO), have experienced significant gains, outperforming the S&P 500 over the past five trading days. DataTrek Research highlights this trend as a sign of investors' 'animal spirits' running hot again, with these ETFs showing better average returns than the S&P not only in the past week but also over the last month and year-to-date. The resurgence of interest in meme stocks is seen as part of a broader bullish market condition, with predictions that the November stock rally could continue through year-end.

Portfolio Pulse from Benzinga Neuro

November 22, 2023 | 4:02 am