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LSDI

Shares of Lucy Scientific Discovery were halted on Friday in anticipation of a 1-for-10 reverse stock split. This corporate action is typically undertaken by companies aiming to increase their share price by reducing the number of shares outstanding.

Portfolio Pulse from Charles Gross

February 25, 2024 | 3:14 pm

BTCUSD

ETHUSD

RNDRUSD

The cryptocurrency market saw a slight recovery over the weekend, with the market cap increasing by 1.2% to $1.98 trillion. Bitcoin traded sideways, briefly dipping below $1 trillion in valuation, while Ethereum outperformed with a 2.4% gain. Shiba Inu remained in focus due to high burn rates and whale transfers. The MAGA memecoin rallied following Donald Trump's acceptance of Bitcoin. AI-related cryptocurrencies, including Bittensor and Render, gained on positive sentiment after Nvidia's earnings and comments on AI by Ethereum's Vitalik Buterin. Spot Bitcoin ETFs saw a slowdown in flows, while Reddit's IPO and investment in Bitcoin and Ethereum marked significant developments. The Nasdaq Composite and Dow Jones also saw gains, attributed to strong earnings and economic data.

Portfolio Pulse from Khyathi Dalal

February 25, 2024 | 3:03 pm

NVDA

Nvidia Corp. (NASDAQ:NVDA) experienced significant growth due to the AI revolution, with its stock price soaring. Despite Jim Cramer's 2022 sell recommendation due to concerns over Ethereum's merger impacting demand for Nvidia's graphics cards, the company's focus on AI, virtual reality, and machine learning has paid off. Nvidia's recent earnings beat estimates, and its market cap approached $2 trillion, driven by demand for its chips in AI applications. A $1,000 investment in Nvidia in September 2022 would now be worth $5,894, a 490% return.

Portfolio Pulse from Shanthi Rexaline

February 25, 2024 | 2:58 pm

BTC

DOGE

SHIB

TRUMP

This week in crypto saw the rise of MAGA coin, a market crash prediction by Max Keiser, a significant burn rate increase for Shiba Inu, Dogecoin's acceptance by Ferrari, and Edward Snowden's support for Bitcoin. MAGA coin surged 20%, overshadowing Dogecoin and Shiba Inu. Keiser predicts a market crash and a Bitcoin boom, with potential government seizures of Bitcoin ETFs and mining operations. Shiba Inu's burn rate soared by 2,730%, and Dogecoin's value increased by 4% after Ferrari's acceptance. Snowden reiterated his support for Bitcoin.

Portfolio Pulse from Benzinga Neuro

February 25, 2024 | 5:49 am

META

NVDA

This week in tech, Mark Zuckerberg of Meta Platforms Inc. (META) discussed Sam Altman's AI chipmaking plan, while Nvidia Corp (NVDA) achieved record highs and surpassed Q4 earnings expectations. Jim Cramer praised Nvidia's performance, and Elon Musk criticized Google's AI. Nvidia's success is highlighted as a significant moment for the tech market.

Portfolio Pulse from Benzinga Neuro

February 25, 2024 | 5:27 am

DWAC

SPY

Donald Trump has been projected as the winner of the South Carolina 2024 Republican Primary, according to AP. This news could potentially impact the stock prices of companies and ETFs associated with political activities or directly linked to Trump.

Portfolio Pulse from Benzinga Newsdesk

February 25, 2024 | 12:01 am

F

Ford Motor Company (NYSE:F) has paused deliveries of the 2024 F-150 Lightning electric trucks for quality checks, with no specified resumption date. Meanwhile, Ford has begun shipping the redesigned gas-powered 2024 F-150 pickups, planning to increase shipments after thorough quality assessments. Despite a decrease in production of the F-150 Lightning due to lower demand, Ford continues its operations and has adjusted its production rate to about 1,600 trucks weekly from an initial 3,200. Ford's F-150 Lightning sales in the U.S. saw a 55% increase from 2022, with 24,165 trucks sold.

Portfolio Pulse from Nabaparna Bhattacharya

February 24, 2024 | 7:58 pm

NVDA

Larry Summers expressed concerns about the stock market's significant rally, led by Nvidia Corp. (NASDAQ:NVDA), at the FII Priority summit. He warned that the market might be underestimating potential political and social upheavals, including the rise of populist policies. Summers highlighted that these risks are not fully reflected in current market valuations, despite the bullish trend in Big Tech stocks.

Portfolio Pulse from Bibhu Pattnaik

February 24, 2024 | 7:50 pm

TSLA

Elon Musk, after acquiring X (formerly Twitter), is defending his approach to free speech on the platform, amidst growing backlash and concerns from advertisers like Apple Inc. and Disney. Musk's stance, emphasizing a broad range of speech, has led to criticism and legal challenges, but he remains committed to protecting users' rights to express themselves. This controversy has raised concerns about potential impacts on Musk's other ventures, notably Tesla Inc (NASDAQ:TSLA).

Portfolio Pulse from Bibhu Pattnaik

February 24, 2024 | 6:40 pm

BRK

Warren Buffett, CEO of Berkshire Hathaway Inc. (NYSE:BRK), paid tribute to the late Charlie Munger in his annual letter, calling him the 'architect' behind the conglomerate's success. Munger, who passed away on Nov. 28, was pivotal in shaping Berkshire's strategy, advising Buffett to focus on acquiring businesses at fair prices. Berkshire Hathaway's Q4 operating earnings rose 28% year-over-year, with full-year earnings up 21.06%. Buffett also cautioned investors against following Wall Street advice.

Portfolio Pulse from Nabaparna Bhattacharya

February 24, 2024 | 6:27 pm