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RXRX

Recursion, a biotechnology firm, has announced its plans to expand its operations by opening a new office in London in June 2024. This move signifies the company's ambition to enhance its global presence and potentially tap into new markets and talent pools.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:40 am

NMRK

Newmark has officially opened its Paris office on March 11, 2024, marking a significant step in its global expansion. The new office will initially concentrate on Capital Markets and Leasing.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:34 am

NVDA

Goldman Sachs' analysis of a century's worth of data suggests the S&P 500 tends to rise after periods of high market concentration, despite current concerns over tech stock dominance. The analysis, highlighting historical resilience post-concentration peaks, counters fears of a tech bubble. Notably, the semiconductor sector, with companies like NVIDIA Corp (NASDAQ:NVDA), has shown strong performance, adding to the debate on market sustainability.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 7:33 am

BTCUSD

Bitcoin's recent surge has sparked optimism for the revival of the broader cryptocurrency market, despite a report revealing 72% of crypto projects since 2020 have failed. The introduction of spot Bitcoin ETFs in the U.S. and Bitcoin's price reaching an all-time high have contributed to renewed interest in the crypto space. Analysts predict Bitcoin could hit $100,000 by year-end, with factors like ETF inflows, the upcoming halving, and looser interest rates playing a role. Cathie Wood of ARK Invest forecasts a Bitcoin price of $600,000 by 2030, while hedge fund manager Bill Ackman considers Bitcoin as an inflation hedge.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 6:54 am

KLAC

NVDA

TSM

KLA Corp (NASDAQ:KLAC), a semiconductor equipment company, is highlighted by fund manager Stephanie Niven as benefiting from the AI boom due to its role as a supplier to Taiwan Semiconductor (NYSE:TSM), which manufactures AI chips for NVIDIA Corp (NASDAQ:NVDA). KLA's focus on reducing manufacturing errors and wastage aligns with sustainability goals, contributing to its stock surge of 25% in 2024 and 89% over the past year. Despite concerns of a potential near-term drop due to its significant price increase, analysts remain bullish on KLA's fundamentals.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 3:51 am

TSLA

TSM

Cathie Wood's Ark Invest projects a $28 trillion opportunity in AI, highlighting sectors like autonomous vehicles and drone technology. Tesla Inc (TSLA) is noted for its advancements in self-driving technology, with Ark setting a target price of $200 for TSLA shares. The firm also emphasizes the growing importance of drone technology across industries. Despite selling Nvidia shares, Ark Invest continues to invest in key suppliers like Taiwan Semiconductor Manufacturing Company Ltd. (TSM), maintaining a bullish outlook on AI and transformative technologies.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 2:10 am

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

Cryptocurrencies have seen significant gains since late last year, with Bitcoin, Ethereum, Shiba Inu, and Dogecoin all showing impressive returns since the start of the current bull run. The rally, initially stalled by SEC approval of a spot Bitcoin ETF, resumed with optimism over wider crypto adoption. Bitcoin's recovery began in 2023, notably after breaking a key resistance in late October. Ethereum, Shiba Inu, and Dogecoin also posted strong gains, with investments in each of these cryptos since late October yielding returns ranging from 98% to 325%.

Portfolio Pulse from Shanthi Rexaline

March 10, 2024 | 8:48 pm

BTCUSD

DOGEUSD

ETHUSD

Bitcoin's recent rally to over $70,000 has sparked renewed interest in cryptocurrencies, including Ether and Dogecoin, indicating a broader market recovery. The SEC's approval of spot ETFs for Bitcoin, with firms like BlackRock, Invesco, and Fidelity involved, has contributed to this confidence, attracting over $9 billion in net inflows. Financial experts suggest a modest Bitcoin allocation in diversified portfolios, while cautioning against speculative assets like meme coins and NFTs.

Portfolio Pulse from Bibhu Pattnaik

March 10, 2024 | 7:37 pm

AAPL

Bloomberg's Mark Gurman revealed insights into the now-defunct Apple car project, highlighting its innovative designs and the challenges that led to its cancellation. The project aimed to disrupt the EV market with a unique combination of hardware, software, and services. Despite the potential to significantly boost Apple's revenue, disagreements on strategy and technological hurdles, among other issues, led to the project's demise. The designs, which evolved over time, included features like a glass sunroof, minimalist interior, and full Level 5 self-driving capability. However, Apple eventually scaled back to Level 2 autonomy, adding traditional car elements back into the design.

Portfolio Pulse from Shanthi Rexaline

March 10, 2024 | 6:23 pm

GDX

GDXJ

Gold has reached a record high, but gold mining stocks like those in the VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ) have not seen significant movement. Economist Peter Schiff predicts a catch-up rally for these stocks and suggests buying them before the market realizes their potential. Schiff also speculates that investors might be selling mining stocks for Bitcoin ETFs, and anticipates gold to open higher at $2,200 if Bitcoin crashes. Additionally, a list of gold stocks to watch is provided, considering the Federal Reserve's potential rate cuts and gold's role as an inflation hedge.

Portfolio Pulse from Shanthi Rexaline

March 10, 2024 | 5:49 pm