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AVGR

Avinger has entered a strategic partnership and up to $15M equity funding agreement with Zylox-Tonbridge to access the Greater China market. This includes an initial $7.5 million strategic investment, a strengthened balance sheet, and a three-year extension of existing debt terms.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 6:51 am

GSBD

Goldman Sachs BDC (GSBD) has priced a public offering of $400M 6.375% unsecured notes due 2027. The notes will mature on March 11, 2027, and can be redeemed at any time at par plus a make-whole premium. The proceeds will be used to pay down debt under its revolving credit facility.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 6:15 am

SHIBUSD

Cryptocurrency analyst AwesomeAvani suggests Shiba Inu (CRYPTO: SHIB) needs a cooldown after its recent rally, likening its price activity to a team of sled dogs needing rest. The use of VWAP in analysis indicates a potential temporary ease in SHIB's price movement. Another analyst, Rekt Capital, predicts a possible surge to $0.000066. On-chain data shows a slight dip in SHIB holders but an increase in new accounts, alongside a significant token burn event. SHIB's price is currently down 4.1%.

Portfolio Pulse from Mehab Qureshi

March 07, 2024 | 6:10 am

EWA

Australia's Home Loans for the month showed a decrease of 4.5%, which is an improvement compared to the revised prior figure of -5.5%.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:33 am

NVDA

ESG fund managers express concerns over Nvidia's (NASDAQ:NVDA) valuation despite its significant stock surge, leading to a decrease in ESG funds holding Nvidia shares from 20% to 15%. Kristofer Barrett, a fund manager, remains optimistic long-term but cautious about the current valuation, hinting at a potential bubble. Despite these concerns, Nvidia's market value increased by 17% recently, with a nearly 80% rise in 2024. Analysts remain bullish, with none recommending to sell and most advising to buy.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 5:10 am

BTCUSD

Peter Schiff, a gold advocate, is encouraging Bitcoin holders to invest in his 'Golden Triumph' Ordinals collection, a limited series of digital art on the Bitcoin blockchain. Schiff highlights the exclusivity of his collection, which consists of 50 pieces, contrasting it with the 21 million Bitcoin. Despite initially high prices, the collection's floor price dropped over 57% from 0.7 BTC to 0.3 BTC. Schiff also criticized the reliance on Bitcoin ETFs, predicting a market crash influenced by ETFs despite Bitcoin's recent price increase.

Portfolio Pulse from Mehab Qureshi

March 07, 2024 | 4:03 am

COIN

ROKU

SOFI

TSLA

Cathie Wood's Ark Invest sold $48.8 million worth of Coinbase (COIN) shares and bought over $11 million in Tesla (TSLA) shares, alongside significant purchases in SOFI Technologies (SOFI), Sea Ltd (SE), and ROKU Inc (ROKU). This move reflects Ark's strategy to capitalize on disruptive technologies and companies with significant growth potential, despite the recent surge in Bitcoin and the cryptocurrency market.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 3:20 am

AMD

CAT

CDNS

CEG

CRM

DELL

ENB

ETN

NOW

NVDA

SMCI

VRT

Jim Cramer has identified several companies and sectors poised to benefit from the AI revolution, including NVIDIA, Caterpillar, Eaton Corporation, Vertiv Holdings, Salesforce, ServiceNow, Constellation Energy, and Enbridge. He emphasizes the importance of AI in driving market rallies and highlights the computing power required for AI as central to the re-industrial revolution. Cramer also mentions alternative AI investments like Dell Technologies, Advanced Micro Devices, and Cadence Design Systems, while cautioning against the hype around certain AI stocks like Super Micro Computer.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 2:57 am

IBIT

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced significant gains, attributed to massive inflows into U.S.-listed spot Bitcoin ETFs, particularly the BlackRock iShares Bitcoin ETF (IBIT), which saw a record $788 million in investments. The global cryptocurrency market cap increased by 0.49%. Federal Reserve Chair Jerome Powell hinted at a potential lowering of interest rates, influencing stock market gains. Analysts predict strong future performance for Ethereum and Bitcoin, highlighting the potential for Ethereum's all-time high post-EIP-1559 upgrade and a Spot ETH ETF approval.

Portfolio Pulse from Mehab Qureshi

March 07, 2024 | 2:50 am

BTCUSD

'Rich Dad Poor Dad' author Robert Kiyosaki predicts Bitcoin (BTC) will reach $300,000 by 2024, citing its recent rally and the launch of spot Bitcoin ETFs as key drivers. Despite a 10% drop this week, Bitcoin has gained 55.83% since the start of 2024, largely due to the ETFs. Kiyosaki emphasizes the importance of investing in Bitcoin now, even with as little as $500.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 1:26 am