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META

TSLA

Meta Platforms (NASDAQ:META) shares surged after Q4 financial results exceeded estimates, doubling its market value over Tesla Inc (NASDAQ:TSLA). The rivalry between CEOs Zuckerberg and Musk intensified, with Meta now worth $1.22 trillion, making it the seventh-most valuable public company, while Tesla's value dropped to $598 billion, ranking eleventh. Zuckerberg's wealth increased to $142 billion, whereas Musk's decreased to $205 billion. The competition extends beyond financials, touching on product development and market strategies.

Portfolio Pulse from Chris Katje

February 03, 2024 | 2:00 pm

AAPL

META

MSFT

QCOM

SPOT

SSNLF

Apple Inc. faced a mixed week with record iPhone 15 sales but criticism over its EU App Store proposal from tech leaders like Meta's Zuckerberg and Microsoft. Elon Musk expressed skepticism about Apple's Vision Pro, while Qualcomm extended deals with Apple and Samsung. A survey indicated a decline in iPhone 15 Pro satisfaction despite high overall sales.

Portfolio Pulse from Benzinga Neuro

February 03, 2024 | 2:00 pm

ARVL

GOEV

KARS

LCID

TSLA

This week in the EV sector, Tesla faced a court verdict invalidating Elon Musk's compensation plan and recalled 2.2 million vehicles. Ford reported a decline in EV sales, while Lucid's stock surged 25% on positive news. Canoo expanded its fleet with Zeeba, and Arrival was delisted from Nasdaq. The KraneShares EV ETF saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

February 03, 2024 | 1:40 pm

DOGEUSD

SHIBUSD

This week in cryptocurrency saw the debut of a GameStop memecoin on Solana, a surge in Optimus AI's market cap following an Elon Musk tweet, predictions of a Dogecoin price jump, a significant increase in Shiba Inu's burn rate, and Donald Trump's criticism of CBDCs. The GameStop memecoin quickly reached a market cap of over $14 million, while Optimus AI's price soared after Musk's tweet. Analyst Muro predicts a 6% increase in Dogecoin's value, and Shiba Inu's burn rate skyrocketed by over 1,500% in a day. Trump expressed concerns over the freedom-threatening potential of CBDCs.

Portfolio Pulse from Benzinga Neuro

February 03, 2024 | 1:26 pm

BRK

BYDDF

RACE

Warren Buffett's Berkshire Hathaway (BRK) is celebrated as a turnaround story, evolving from three failed businesses to a conglomerate nearing a $1 trillion valuation. The company's adaptability and strategic acquisitions, including Pilot Travel Centers, have been pivotal. Berkshire also benefits from investments in BYD Co Ltd (BYDDF/BYDDY) and Ferrari (RACE), with BYD's sales volume increasing by 33.1% year-over-year in January 2024.

Portfolio Pulse from Ananya Gairola

February 03, 2024 | 9:13 am

META

Meta Platforms Inc. (NASDAQ:META) has highlighted in its 10K filing the potential business risks associated with CEO Mark Zuckerberg's engagement in combat and extreme sports. The company expressed concerns over the possible incapacitation of Zuckerberg due to these high-risk activities, emphasizing its reliance on key personnel for operations. This warning follows Zuckerberg's known interest in combat sports, including a proposed but not materialized fight with Tesla Inc. CEO Elon Musk.

Portfolio Pulse from Rounak Jain

February 03, 2024 | 9:05 am

AAPL

META

MSFT

Wedbush's Dan Ives is optimistic about Apple's AI efforts, comparing the company's potential growth cycle to Meta's 18 months ago. Apple's CEO Tim Cook highlighted AI's importance in the December quarter earnings call, marking a strategic focus on AI alongside iPhone as primary growth drivers. Despite challenges in China, Apple is expected to see growth in iPhone sales in the second half of the year. Apple's AI advancements, including a breakthrough in running large-language models on devices with limited memory, position it to leverage its 2.2 billion device installed base.

Portfolio Pulse from Rounak Jain

February 03, 2024 | 9:02 am

TSLA

Tesla Inc (NASDAQ:TSLA) has reportedly achieved a new production milestone at its Giga Berlin factory, with indications that 6000 Model Y vehicles were produced in a single week. This achievement was hinted at through social media posts by Tesla employees, showcasing t-shirts with '6k' printed on them. This comes after the factory reached a weekly production capacity of 5,000 vehicles in March and Tesla recently reduced the prices of the Model Y in Germany.

Portfolio Pulse from Anan Ashraf

February 03, 2024 | 7:35 am

BTCUSD

ETHUSD

Crypto analyst Michaël van de Poppe predicts a 72% bull run for Ethereum (ETH) in the next 3-6 months, driven by the Dencun upgrade, Ethereum Spot ETF hype, and Bitcoin rotation. Bloomberg Intelligence suggests a 60% chance of Ethereum ETFs launching in 2024, which could significantly boost ETH's value. Ethereum's integration with AI could also influence its price positively.

Portfolio Pulse from Rounak Jain

February 03, 2024 | 6:40 am

TSLA

Portfolio Pulse from Anan Ashraf

February 03, 2024 | 6:15 am