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Nvidia's Q4 earnings beat expectations with significant growth in Data Center and Gaming sectors, driving after-hours shares up 9.07%. Rivian missed EPS projections despite beating revenue estimates, leading to a 3.15% stock decline. Intuitive Machines' stock fell 15.20% amid its lunar lander mission. Etsy's stock rose 1.66% on optimistic growth initiatives despite mixed Q4 results. Tesla's stock increased by 0.52%, continuing to lead the EV market. The mixed performance of major U.S. indices saw the Dow up by 0.13%, while NASDAQ fell by 0.32%.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 3:29 am

NVDA

Wedbush's Dan Ives hailed Nvidia's Q4 performance as a 'Taylor Swift moment' for the tech market, emphasizing its significant impact on the tech bull market. Nvidia's Q4 earnings exceeded forecasts with a 265% year-over-year revenue increase, marking a pivotal moment for the tech sector, especially in AI. Gene Munster also highlighted Nvidia's long-term growth potential, referencing CEO Jensen Huang's statement on the need for a $1 Trillion infrastructure build to support AI advancements.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 3:00 am

BTC-USD

DOGE-USD

ETH-USD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced declines, with significant liquidations occurring in the past 24 hours. The global cryptocurrency market cap decreased by 2.03%. Meanwhile, the Nasdaq Composite fell, while the Dow Jones and S&P 500 saw slight gains. Federal Reserve minutes indicated no imminent rate cuts. Analysts predict a correction for Bitcoin before a potential rise, noting mixed behavior among crypto whales but a trend of accumulation among the largest holders.

Portfolio Pulse from Mehab Qureshi

February 22, 2024 | 2:52 am

AAPL

AMZN

GOOGL

META

MSFT

NVDA

TSLA

Jim Cramer evaluated the earnings of the 'Magnificent Seven' mega-cap companies, praising NVIDIA and Amazon for their strong performances. NVIDIA's revenue surged 265% due to AI product demand, while Amazon's advertising and web services sectors grew. Meta, Microsoft, Apple, Alphabet, and Tesla also received assessments, with mixed reviews for some. Cramer's analysis suggests these companies have significantly impacted the market, with a hint at potential high-yield investments beyond these tech giants.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 2:30 am

NPSCY

A Reuters poll indicates nearly half of Japanese companies view a potential Trump presidency as a business risk, primarily due to concerns over protectionist policies. The apprehension stems from Trump's stance on blocking the acquisition of United States Steel Corporation (NYSE:X) by Nippon Steel Corporation (OTC:NPSCY), which could impact future acquisitions and shareholder interests in U.S. Steel.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 2:06 am

NVDA

Gene Munster of Deepwater Asset Management highlighted Nvidia's potential for significant growth, particularly in AI, projecting a revenue of $180B by 2028. This optimism is based on the global shift towards AI and a $1 Trillion infrastructure build, with Nvidia expected to capture a substantial market share. Nvidia's recent earnings report showed a 265% year-over-year revenue increase, with fiscal 2024 revenue growing 126% to $60.9 billion. Munster's analysis suggests Nvidia shares are likely to rise if the company maintains its growth trajectory.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 1:11 am

SHIBUSD

The Shiba Inu (SHIB) ecosystem has seen a 2,730% increase in its burn rate, with 3 trillion tokens moved to entities like Coinbase, Gate.io, Robinhood, and private wallets. The integration of Shibarium by Tangem and the launch of SHEboshi NFTs on Ethereum are notable developments. Daily transactions have surged to 4.21 million, and wallet addresses have exceeded 1 million. The introduction of Shiba Inu trading in UpDown Options on Crypto.com and the potential utility and burning capabilities of Shibarium are highlighted as key factors for SHIB's future growth.

Portfolio Pulse from Khyathi Dalal

February 21, 2024 | 11:47 pm

CCRN

Cross Country Healthcare (CCRN) reported Q4 earnings of $0.29 per share, surpassing the $0.27 estimate, and sales of $414.04M, exceeding the $404.42M estimate. However, this represents a 73.39% decrease in earnings and a 34.09% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:28 pm

NEXA

Nexa Resources (NEXA) reported Q4 2023 adjusted EPS of $(0.01), surpassing the $(0.16) estimate, and sales of $630M, exceeding the $615.51M estimate. This represents a 93.75% beat on EPS estimates and a 2.35% beat on sales estimates, despite a 19.21% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:20 pm

NOVA

Sunnova Energy International Inc. (NYSE:NOVA) reported Q4 financial results that fell short of expectations, with a loss of $1.53 per share against an estimated loss of 18 cents, and quarterly sales of $194.18 million versus an expected $223.38 million. Despite this, the company reaffirmed its 2024 full-year guidance and initiated 2025 cash generation guidance. Shares dropped 4.19% in after-hours trading.

Portfolio Pulse from Erica Kollmann

February 21, 2024 | 11:15 pm