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TSLA

Elon Musk, CEO of Tesla Inc, responded to a social media user's praise of Tesla's Full Self-Driving (FSD) feature, agreeing that it feels like 'magic' and suggesting that once drivers use FSD, they won't want to use other cars, especially in heavy traffic. The user, Brian Krassenstein, shared his experience of driving from Cape Coral to Fort Myers without needing to intervene. Tesla is expected to release version 12 of FSD, which is anticipated to achieve full autonomy, but the release date is unclear.

Portfolio Pulse from Anan Ashraf

December 23, 2023 | 4:21 am

GOOG

GOOGL

META

MSFT

NVDA

OpenAI, led by Sam Altman, is in early talks to raise funds at a valuation of at least $100 billion, a significant increase from its previous $90 billion valuation. Microsoft Corp. (NASDAQ:MSFT), a major investor with a 49% stake, has invested $13 billion in OpenAI. The AI startup's valuation has more than tripled in less than a year, potentially making it the second most valuable startup in the U.S. OpenAI is also allowing employees to sell shares at an $86 billion valuation and is seeking funds for a chip venture to compete with Nvidia Corp. (NASDAQ:NVDA). The interest in OpenAI has surged following the success of ChatGPT, with tech giants like Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms Inc. (NASDAQ:META) developing their own AI technologies.

Portfolio Pulse from Rounak Jain

December 23, 2023 | 2:06 am

MATICUSD

Polygon's MATIC token has seen significant whale activity, with addresses holding 1-10 million MATIC increasing their holdings from 867.11 million to 990.92 million tokens since Dec. 16. Analysts predict a potential 20x bull run for MATIC. The token faces a supply wall between $0.79 and $0.84, which it needs to break through. Large transfers of MATIC between unknown wallets have been observed, and new wallets are accumulating the token. Santiment data suggests MATIC is in an opportunity zone with under 42% of supply in profit. Polygon's competitive gas fees and high number of inscriptions are also highlighted.

Portfolio Pulse from Khyathi Dalal

December 22, 2023 | 10:14 pm

BLK

Bitwise and Hashdex have launched advertisements for their Spot Bitcoin ETFs, signaling confidence in potential SEC approval. Bitwise's ad features actor Jonathan Goldsmith, while Hashdex's ad uses a dump truck to differentiate crypto from other assets. The SEC's decision window is from Jan. 5 to Jan. 10, 2024. Samson Mow of JAN3 emphasized the importance of marketing for ETF issuers to grow assets and customer base. Speculation about future ads from BlackRock with Novak Djokovic and a Fidelity Super Bowl ad with Michael Saylor was also mentioned. Crypto analyst Kashif Raza noted the intense competition among Bitcoin Spot ETFs.

Portfolio Pulse from Khyathi Dalal

December 22, 2023 | 10:00 pm

SONN

Sonnet Biotherapeutics Holdings Inc has filed with the SEC to offer a mixed shelf of up to $100 million. This filing allows the company to issue various types of securities in one or more separate offerings over time.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:38 pm

APM

Aptorum Group reported a significant increase in its H1 EPS loss to $(1.43) from $(0.53) year-over-year, alongside a decrease in sales to $431.38K from $527.46K in the same period.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:34 pm

GURE

Gulf Resources, Inc. (GURE) has been instructed by the government of Shouguang City to temporarily close its bromine and crude salt facilities from December 25, 2023, to February 20, 2024. This closure is part of the government's efforts to reduce winter air pollution and improve brine resource efficiency. The closure will result in a temporary halt in production, with an additional 15 days of production in Q4 2023 compared to the previous year, but a loss of 19 days in Q1 2024. The company notes that bromine sales typically slow in winter due to the Chinese New Year holidays.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:33 pm

DSS

DSS, Inc. (NYSE: DSS) has announced a 1-for-20 reverse stock split effective January 4, 2024, to comply with NYSE American listing requirements. The split will trade on a post-split basis starting January 5, 2024. The reverse split aims to address the low share price issue and maintain the company's listing. All shareholders will be affected uniformly, and no fractional shares will be issued. Equiniti Trust Company, LLC will provide instructions for exchanging stock certificates.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:32 pm

BTCUSD

DOGEUSD

ETHUSD

Bitcoin (BTC) remained stable, Ethereum (ETH) rose over 3%, and Dogecoin (DOGE) fell about 1.2% in the last 24-hour trading session. Bitcoin's movement echoed the general market, which was flat after the PCE index inflation report. Both Bitcoin and Ethereum recently broke out from symmetrical triangle patterns, indicating a potential shift in momentum. Bitcoin is facing resistance at $45,000 and $45,814, with support at $42,233 and $39,600. Ethereum has resistance at $2,317 and $2,461, with support at $2,140 and $2,020. Dogecoin is consolidating between $0.09 and $0.099, with resistance at $0.099 and 12 cents, and support at 9 cents and $0.083.

Portfolio Pulse from Melanie Schaffer

December 22, 2023 | 9:31 pm

EEX

INNPF

LOWLF

MEDIF

OGI

TCNNF

The cannabis industry is experiencing significant leadership changes as we head into 2024. The Indigenous Cannabis Industry Association (ICIA) hosted a roundtable to discuss hemp and cannabis regulation. Emerald Holding, Inc. (NYSE:EEX) promoted Emilie Lewis to oversee marketing for Marijuana Business Daily. MediPharm Labs Corp. (OTCQB:MEDIF) announced the resignation of board member Miriam McDonald. Lowell Farms Inc. (OTCQX:LOWLF) reported the departure of board member Brian Shure. Trulieve Cannabis Corp. (OTCQX:TCNNF) named Wes Getman as its new CFO, and Organigram Holdings Inc. (NASDAQ:OGI) appointed Greg Guyatt as CFO. Innocan Pharma Corporation (OTCQB:INNPF) established a team for FDA submission for its LPT CBD platform.

Portfolio Pulse from Jelena Martinovic

December 22, 2023 | 9:31 pm