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GOOG

GOOGL

On the BG2POD podcast, Brad Gerstner and Bill Gurley discussed Alphabet Inc.'s (GOOGL, GOOG) challenge in adapting its business model to the evolving AI landscape, contrasting it with innovative AI interfaces like Perplexity and ChatGPT. They highlighted Google's reliance on an advertising model and the potential disruption by AI technologies. Gerstner expressed skepticism about Google's ability to maintain its dominance in this new era, despite a general consensus of its continued leadership. He also suggested strategic moves for OpenAI to focus on becoming the leading consumer AI interface.

Portfolio Pulse from Shanthi Rexaline

February 18, 2024 | 11:50 pm

FFND

META

TSLA

Gary Black of Future Fund criticized Tesla for accumulating a large cash reserve, suggesting it return some to shareholders through dividends or buybacks. Tesla's cash is predicted to reach $150B by 2030. Black highlighted that tech rivals, like Meta Platforms which recently initiated a dividend, are returning cash to shareholders, which could support Tesla's stock. He also mentioned a potential $50B buyback could increase Elon Musk's voting control. The Delaware Chancery Court nullified Musk's 2018 compensation plan, impacting future plans.

Portfolio Pulse from Shanthi Rexaline

February 18, 2024 | 8:40 pm

AMDI

Amphitrite Digital Inc (NASDAQ:AMDI) is scheduled for an IPO on Feb. 20, 2024, with a price range of $3.50 to $4.50 and an offering of 1,750,000 shares at $4.00 each. The article also explains the IPO process, including SEC requirements, the establishment of a price range, and the insider lock-up period.

Portfolio Pulse from Benzinga Insights

February 18, 2024 | 5:09 pm

BTCUSD

Mark Yusko, CEO of Morgan Creek Capital, predicts Bitcoin could reach $150,000 by mid-next year, citing network effects and increasing user and miner numbers. He suggests Bitcoin's fair value is around $75,000 to $80,000 this cycle but expects a severe correction before hitting new highs. Yusko anticipates a 'crypto fall' and a significant selling wave influenced by the Bitcoin halving and seasonal selling patterns, with Bitcoin currently trading at $51,676.63.

Portfolio Pulse from Bibhu Pattnaik

February 18, 2024 | 1:50 pm

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

The cryptocurrency market saw significant activity with predictions of Dogecoin's rise, warnings of Bitcoin's fall, Jim Cramer's mixed reactions to Robinhood's Q4, a surge in Shiba Inu whale inflows, and Donald Trump selling Ethereum. Dogecoin is predicted to surpass $0.10, Bitcoin may fall below $10,000, Shiba Inu experienced a 2595% increase in whale inflows, and Trump missed out on $500,000 in potential ETH profits.

Portfolio Pulse from Benzinga Neuro

February 18, 2024 | 10:12 am

AAPL

COIN

META

MSFT

NVDA

TSLA

This week in AI featured Elon Musk's critique of OpenAI, Apple's AI animation tool Keyframer, Nvidia surpassing Google and Amazon in market cap, Ark Invest's portfolio adjustments favoring Tesla and META, and Jim Chanos' caution on Nvidia. Musk criticized OpenAI's shift to a profit model and its partnership with Microsoft. Apple's Keyframer could revolutionize AI animation. Nvidia's H100 AI processor has driven its market value, while Ark Invest shifts its focus towards Tesla and META, reducing stakes in Coinbase and Nvidia. Chanos highlighted potential concerns for Nvidia despite its growth.

Portfolio Pulse from Benzinga Neuro

February 18, 2024 | 8:08 am

TIP

Larry Summers, former Treasury Secretary, commented on recent inflation data, suggesting the next Federal Reserve move could be a rate increase rather than a cut. January's consumer and producer price inflation numbers were higher than expected, challenging the notion of a 'soft-landing' for the economy. Summers highlighted the resilience of housing costs, particularly owner-occupied housing, which may not be as deflationary as previously thought. He also criticized the strict 2% inflation target and suggested the Fed should proceed with caution, noting a potential rate hike in the future.

Portfolio Pulse from Shanthi Rexaline

February 17, 2024 | 6:38 pm

BRK-A

LLY

OXY

Berkshire Hathaway's Class A shares closed above $600,000, nearing a $1 trillion market valuation and becoming the seventh-largest U.S. company. This marks a significant milestone, with the stock having risen 3,215,489% since Warren Buffett took over in 1965. The company's growth has been fueled by strategic acquisitions, including a nearly 30% stake in Occidental Petroleum and the purchase of Alleghany. Eli Lilly trails with a $749 billion valuation.

Portfolio Pulse from Bibhu Pattnaik

February 17, 2024 | 6:26 pm

COIN

ROKU

SOFI

Cathie Wood's Ark Invest purchased $107.5M worth of Roku shares following a 24% drop in its stock price due to disappointing Q4 user spending and Q1 guidance. Ark also increased its stake in SoFi Technologies but reduced its holdings in Robinhood and Coinbase, despite their recent rallies. Ark's ETFs, ARKK, AKRW, and ARKF, were the vehicles for these transactions. Analysts have lowered Roku's price targets, reflecting concerns over its growth and operating costs.

Portfolio Pulse from Shanthi Rexaline

February 17, 2024 | 5:59 pm

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies experienced marginal losses late Friday, despite the crypto market cap reaching its highest level since spring 2022. Bitcoin surged 9.4% over the past week, briefly hitting $52,000. Ethereum, Solana, and other altcoins also saw significant movements. Franklin Templeton filed for a spot Ether ETF, joining other applicants. The first half of February saw an average daily trading volume of $1.8 billion for notable ETFs, with Bitcoin ETF assets rapidly increasing. The global cryptocurrency market cap stands at $1.94 trillion, with Bitcoin dominance at 52.42%.

Portfolio Pulse from Khyathi Dalal

February 17, 2024 | 3:22 pm