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AAPL

Apple Inc's shareholders voted against a proposal for an AI transparency report, which aimed to examine the ethical use of AI by the company. The proposal was rejected during Apple's annual meeting, alongside other measures concerning equal employment policies and human rights. The rejection follows Apple's strategic shift towards generative AI, abandoning its electric car project. Additionally, two long-serving directors stepped down, and CEO Tim Cook's pay structure saw a significant change, with a 36% reduction in annual compensation.

Portfolio Pulse from Benzinga Neuro

February 29, 2024 | 4:01 am

DOGE

ETH

SHIB

TRUMP

Erik Stevens turned a $2,708 investment in MAGA Memecoin (TRUMP) into $3.25 million in just over 6 months, marking his first-ever 1,000X trading success. Stevens, who now holds 1.08% of TRUMP's total supply, remains optimistic about its future, citing recent token burns and growing interest. Despite Donald Trump not endorsing MAGA Memecoin, his wallet passively holds over $3 million worth of TRUMP. The success of MAGA Memecoin is highlighted alongside other significant memecoin trades, amidst varying opinions on the value and impact of memecoin trading.

Portfolio Pulse from Ivan Crnogatić

February 29, 2024 | 3:15 am

IBIT

Major cryptocurrencies surged, with Bitcoin hitting a 2024 high of $64,000 before a flash crash to $58,700, attributed to a sell wall and liquidation of overleveraged positions. Over $750M was liquidated in the crypto market, with significant volumes in Bitcoin, Ethereum, and Dogecoin. BlackRock's Bitcoin ETF IBIT saw record trading volumes, indicating strong investor interest. Analysts predict Bitcoin could reach $200K if it breaks the $70,000 level, amidst a backdrop of strong economic indicators and anticipation of the supply halving event.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 3:12 am

IONQ

MARA

PARA

SNOW

TSLA

U.S. stocks closed lower with the Dow Jones, S&P 500, and Nasdaq experiencing slight declines. Marathon Digital Holdings, Snowflake Inc, Paramount Global, IonQ Inc, and Tesla, Inc were among the top stocks on investors' radars, with Marathon Digital and Tesla posting gains, while Snowflake, Paramount, and IonQ saw declines. Key highlights include Marathon Digital's revenue increase and Bitcoin production rise, Snowflake's revenue growth and leadership change, Paramount's EPS beat, IonQ's positive results and focus on AI, and Tesla's market position strengthening.

Portfolio Pulse from Benzinga Neuro

February 29, 2024 | 2:43 am

LOW

TJX

Jim Cramer emphasized the importance of looking beyond financial report numbers, using Home Depot, Lowe's, and TJX Companies as examples. He criticized the current reporting method for causing snap judgments and highlighted the need for investors to do their homework for better investment decisions. Cramer also mentioned the resilience of Domino's Pizza and the strong performances of Nvidia and Amazon, while expressing concerns about Alphabet's diverse ventures.

Portfolio Pulse from Benzinga Neuro

February 29, 2024 | 2:09 am

GOOGL

Mark Cuban suggests Elon Musk's xAI's Grok is 'right-leaning' and Google's Gemini is 'left-leaning' amid a debate on AI models' future. He responds to Marc Andreessen's concerns about big tech's ability to develop generative AI, highlighting the potential for a significant impact on stock market wealth if they fail. Cuban emphasizes the future diversity in AI models, both branded and personal, and their political leanings.

Portfolio Pulse from Ananya Gairola

February 29, 2024 | 1:38 am

MSTR

Michael Saylor, CEO of MicroStrategy Inc. (NASDAQ:MSTR), encouraged Bitcoin holders to accumulate more of the cryptocurrency in a recent tweet. This comes as Bitcoin's price has seen a significant rise, with MicroStrategy being the largest corporate holder of Bitcoin. Benchmark's $990 price target for MicroStrategy is based on the expectation that Bitcoin will reach $125,000 by the end of 2025, driven by factors such as SEC's endorsement of spot Bitcoin ETFs and the fourth Bitcoin halving.

Portfolio Pulse from Benzinga Neuro

February 29, 2024 | 1:15 am

CELUW

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

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:50 am

CELU

Trading for CELU 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

February 29, 2024 | 12:50 am

ZCMD

Trading for ZCMD 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

February 29, 2024 | 12:50 am