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RIVN

Rivian Automotive Inc (NASDAQ:RIVN) has expanded its leasing program to include the R1S SUV, in addition to the R1T electric truck. The R1S can be leased for 36 months at $1,169 per month in select states. The leasing program began with the R1T in November and requires an upfront payment including a $7,000 down payment, first monthly payment, an acquisition fee, and other charges.

Portfolio Pulse from Anan Ashraf

January 18, 2024 | 6:30 am

AAPL

Apple Inc. (AAPL) is set to launch its Vision Pro mixed reality headset in international markets before the WWDC in June 2024, as per analyst Ming-Chi Kuo. The U.S. launch is scheduled for February 2, with pre-orders beginning January 19. The headset, priced at $3,499, faces challenges due to its limited battery life, unwieldy design, and lack of a 'killer app'. Apple is preparing for the U.S. release with a detailed sales strategy, including a 25-minute demo and face scans for fitting.

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 6:27 am

AMD

MRVL

NVDA

Bernstein analyst Stacy Rasgon has reiterated his positive outlook on NVIDIA Corp (NASDAQ:NVDA), stating that despite its high valuations, it remains the cheapest investment option in the AI space compared to peers like AMD and MRVL. With a price target of $700, Rasgon highlights NVIDIA's significant revenue growth and its advantageous position following the AI surge driven by OpenAI's ChatGPT. NVIDIA's stock has tripled in the past year, making it the fourth most valuable company in the S&P 500.

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 6:22 am

AAPL

Apple Inc. (AAPL) is set to increase iPhone production in India, targeting a $12 billion FOB value by 2023-24, exceeding its initial plan and its full-year commitment under India's PLI scheme. With $9.4 billion worth of iPhones already produced in the first three quarters of FY 2024, only a quarter will be sold in India, while the rest are for export. Apple's India sector turnover was $5.94 billion for FY23, 1.5% of its global turnover. Exports peaked at 80% in Q4 FY 2024, coinciding with the iPhone 15 launch and festive demand. JP Morgan forecasts that by 2026, up to 25% of iPhone production could shift to India.

Portfolio Pulse from Shomik Sen Bhattacharjee

January 18, 2024 | 6:21 am

TSM

Taiwan Semiconductor (NYSE:TSM) exceeded analyst expectations for Q4 with an EPS of $1.44, surpassing the estimate of $1.37, and reported sales of $19.62B, beating the $19.45B estimate. However, these figures represent a decrease from the previous year, with earnings down 20.88% and sales down 1.56%.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 6:01 am

TSLA

Ross Gerber, a long-time Tesla supporter, has accused Elon Musk of 'blackmailing' Tesla investors by suggesting he would only develop robotics and AI projects if his stake in Tesla (NASDAQ: TSLA) is increased to at least 25%. Gerber criticizes Musk's control over Tesla, highlighting the board's composition of Musk's friends and family. He also questions Musk's request for more control, given his already significant ownership and compensation for his role.

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 5:30 am

BBJP

DXJ

EWJ

Japan's Industrial Production for November decreased by 0.9%, aligning with estimates and showing a decline from the previous month's 1.3% increase. This could impact ETFs related to Japanese markets.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:22 am

EWA

Australia's Employment Change for December 2022 showed a decrease of 65.1K jobs, significantly underperforming against the estimated increase of 17.6K. This is a stark contrast to the prior month's revised figure of 72.6K job additions.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:21 am

EWU

The U.K. RICS House Price Balance for December came in at -30%, which is an improvement over the estimated -34% and the previous month's revised figure of -41%. This indicates a less negative sentiment in the U.K. housing market than expected.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:20 am

EWA

Australia reported a significant drop in employment change for December, with a loss of 106.6K jobs compared to the prior gain of 57.0K. This unexpected decrease could signal economic challenges for the country.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:20 am