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AAPL

Wedbush's Dan Ives anticipates Apple Inc.'s AI strategy reveal at the WWDC in June will initiate an AI-driven super cycle, particularly with the iPhone 16, expected to boost upgrades especially in China where 70% of 230 million iPhones haven't been upgraded in three years. Apple's recent performance in China exceeded expectations, with iPhone sales declining only 8.1% against forecasts of up to 19.1%. Talks with Google and Microsoft-backed OpenAI for AI model licensing, alongside its own 'Project Graymatter', are underway. Tim Cook's China visit signifies Apple's commitment to the market.

Portfolio Pulse from Rounak Jain

May 04, 2024 | 6:23 am

TSLA

Elon Musk praised the new Tesla Model 3 Performance, comparing its capabilities favorably against Ferrari's 12Cilindri GT. The Model 3 Performance, which starts at $53,990, boasts a top speed of 163 mph and can accelerate from 0-60 mph in 2.9 seconds. This comes as Tesla introduced the updated Model 3 in the U.S., with the Performance variant recently launched after being initially absent. The Ferrari 12Cilindri, starting at approximately $425,553, was unveiled in Miami Beach, highlighting its 818 hp and a top speed of over 211 mph.

Portfolio Pulse from Anan Ashraf

May 04, 2024 | 6:05 am

TSLA

Tesla Inc has introduced a new Model Y Long Range RWD variant in the U.S. with a 320-mile range, priced at $44,990. Elon Musk announced that older Model Y RWD versions could gain 40 to 60 miles of range for an additional $1500 to $2000, pending regulatory approval. This launch follows a recent Model 3 Performance variant release and comes after Tesla reported an 8.5% decline in Q1 deliveries, the first drop in about four years.

Portfolio Pulse from Anan Ashraf

May 04, 2024 | 5:17 am

BZFDW

Trading for BZFDW was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:50 pm

OLB

Trading for OLB was halted at 7:50:00 p.m. ET due to pending news. This action indicates that significant news is expected to be released, which could materially affect the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:50 pm

BZFD

Trading for BZFD was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:50 pm

PARA

Paramount has decided not to extend its exclusive negotiation period with Skydance, opening negotiations to other parties, including Sony Pictures Entertainment and Apollo Global Management, who have proposed a $26 billion bid. This move comes after Paramount investors expressed dissatisfaction with the potential Skydance deal, favoring the all-cash offer from Sony and Apollo, which includes debt assumption and offers a premium on Paramount's current stock price. The deal faces regulatory hurdles regarding foreign ownership of broadcast networks.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:03 pm

CLIR

Clearsign Technologies received a notification from Nasdaq on May 2, indicating that the company no longer meets the minimum bid price requirement, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:57 pm

ADTN

Adtran's impairment assessment was triggered by factors including a decrease in the company's market capitalization and cautious service provider spending due to economic uncertainty, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:57 pm

AAON

MARA

S&P Dow Jones Indices announced that Marathon Digital Holdings Inc. (MARA) will replace AAON in the S&P SmallCap 600 before the market opens on May 8. This change reflects adjustments in the index to maintain its representation of the small-cap market sector.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:53 pm