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Bitcoin's value has surged above $73,000, influenced by the approval of spot bitcoin ETFs and major financial institutions like BlackRock entering the crypto space. CoinFlip's CEO Daniel Polotsky suggests the crypto market may see significant changes with the upcoming halving event, potentially ending the traditional four-year market cycle. The entrance of ETFs and institutional investors could lead to a more stable growth trajectory for Bitcoin, despite potential challenges from tighter monetary policies and political factors.

Portfolio Pulse from Benzinga Neuro

March 29, 2024 | 10:58 am

NKLA

Nikola Corp. (NASDAQ:NKLA) announced the return of its battery-electric trucks, dubbed BEV 2.0, after a recall due to fire incidents. The upgraded trucks feature improved battery packs and other enhancements. Deliveries are expected to restart in late Q3 or early Q4 2024, with at least 100 trucks planned for delivery this year. Nikola shares surged 14.4% following the announcement.

Portfolio Pulse from Anan Ashraf

March 29, 2024 | 9:01 am

AMZN

MSFT

NVDA

Analyst Richard Windsor warns of an AI bubble, citing overvaluations in AI sector investments by Nvidia, Amazon, and Microsoft. He points to Nvidia-backed Cohere's $5 billion valuation, Microsoft's $650 million deal with Inflection AI, and Amazon's $2.75 billion investment in Anthropic as signs of market frenzy without regard for fundamentals. Despite the AI hype benefiting Nvidia, Windsor advises caution, predicting a market correction.

Portfolio Pulse from Benzinga Neuro

March 29, 2024 | 8:39 am

TSLA

Gary Black, a Tesla Inc. investor, stated that Tesla's valuation will only be significantly impacted by its Full Self-Driving (FSD) software once it achieves fully autonomous driving capabilities. Despite Wall Street recognizing Tesla's progress with FSD, it won't adjust Tesla's valuation until the software becomes fully autonomous and Tesla assumes full liability for any incidents. Currently, Tesla attributes all incidents involving FSD to the driver. Tesla plans to roll out significant improvements to FSD, aiming for it to 'shine bright' by late April or May. Black also suggests Tesla should add a segment on its AI endeavors in its earnings reports to highlight its FSD project.

Portfolio Pulse from Anan Ashraf

March 29, 2024 | 5:45 am

AAPL

Apple Inc. is reportedly preparing to launch new iPad Pro and iPad Air models in early May, featuring OLED displays and a 12.9-inch screen for the iPad Air. This release aims to rejuvenate the iPad category after a significant sales drop during the last two fiscal years, including a 25% decline during the recent holiday season. The new iPad Pro models will include the M3 chip and be compatible with updated accessories, marking the first major update since 2018. The iPad Air will also receive a new processor and a larger screen option.

Portfolio Pulse from Ananya Gairola

March 29, 2024 | 5:34 am

TSLA

Elon Musk, CEO of Tesla Inc, criticized the movie industry for underappreciating manufacturing compared to invention, highlighting the significant challenges in scaling production. Musk emphasized the 'insane pain' of achieving high-volume, positive-margin production over creating prototypes. He also mentioned Tesla's efforts to scale up production of the Cybertruck, aiming for 250,000 units annually, though admitting the target won't be met until 2025 due to production challenges.

Portfolio Pulse from Anan Ashraf

March 29, 2024 | 5:15 am

USAS

Americas Gold And Silver (AMEX:USAS) reported Q4 earnings with a loss of $(0.04) per share, missing the $(0.03) estimate, and sales of $25.01M, missing the $27.90M estimate. Despite these misses, both losses and sales showed improvement over the previous year, with losses decreasing by 20% and sales increasing by 23.19%.

Portfolio Pulse from Benzinga Newsdesk

March 29, 2024 | 4:59 am

WKSP

Worksport (NASDAQ:WKSP) reported Q4 earnings with a loss of $(0.19) per share, beating the $(0.24) estimate, and sales of $839.37K, missing the $1.20M estimate. Year-over-year, this represents a 5% decrease in loss per share and a significant 2.05K% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

March 29, 2024 | 4:59 am

BTDR

Bitdeer Technologies (NASDAQ:BTDR) reported Q4 earnings with a loss of $(0.04) per share, missing the analyst consensus estimate of $0.14. Quarterly sales were $114.85M, also missing the estimate of $124.10M. Despite these misses, both earnings and sales showed significant improvement over the same period last year, with losses decreasing by 66.67% and sales increasing by 48.88%.

Portfolio Pulse from Benzinga Newsdesk

March 29, 2024 | 4:56 am

MLP

Maui Land & Pineapple Co (NYSE:MLP) reported a significant improvement in its Q4 earnings, posting $0.04 EPS, a reversal from a $(0.41) loss per share YoY. Sales also surged to $4.04M from $2.17M YoY, marking an 86.06% increase.

Portfolio Pulse from Benzinga Newsdesk

March 29, 2024 | 4:55 am