Streetbeat News

Assets

AMZN

GOOG

MSFT

NVDA

Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang, in an interview with Wired, acknowledged the intense competition in the AI industry from major tech companies like Microsoft Corp. (NASDAQ:MSFT), Amazon.com Inc. (NASDAQ:AMZN), and Alphabet Inc.'s Google (NASDAQ:GOOG), among others. Despite this, Huang remains confident in Nvidia's leadership in AI, highlighting its 70% market share and the company's potential to become the first semiconductor firm with a $2 trillion valuation. Huang's optimism is supported by Nvidia's strong position in AI supercomputers and its $1 billion annualized revenue run rate in software and services.

Portfolio Pulse from Rounak Jain

February 24, 2024 | 8:25 am

SHIBUSD

Shiba Inu (SHIB) has seen a significant increase in its burn rate and daily transactions, indicating potential bullish momentum. A notable transaction involved a whale buying 551.4 billion SHIB tokens, reminiscent of a previous purchase that preceded a 1,100% price surge. The total burned supply now stands at 410.7 trillion out of 589.4 trillion tokens. The Shiba community is optimistic about the token's price potentially erasing one zero.

Portfolio Pulse from Khyathi Dalal

February 23, 2024 | 10:26 pm

ARKK

NVDA

PATH

TSLA

TWLO

Cathie Wood's Ark Invest sold its Nvidia (NVDA) shares too early, missing out on a potential $506.8 million profit as Nvidia's stock price surged. Despite this, Wood remains optimistic about AI's growth, highlighting Tesla (TSLA), UiPath (PATH), and Twilio (TWLO) as potential long-term winners. Nvidia remains part of several Ark ETFs, including ARKW, ARKG, ARKF, and ARKQ, albeit no longer in the flagship ARKK fund.

Portfolio Pulse from Chris Katje

February 23, 2024 | 9:30 pm

PLD

Over the past 15 years, Prologis (NYSE:PLD) has delivered an average annual return of 18.37%, outperforming the market by 4.31% on an annualized basis. An initial investment of $1000 in PLD 15 years ago would be worth $11,184.72 today, showcasing the impact of compounded returns over time. Prologis currently has a market capitalization of $123.20 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 9:30 pm

AJG

Arthur J. Gallagher (NYSE:AJG) has delivered an average annual return of 10.44% over the past 20 years, outperforming the market by 2.75% annually. A $100 investment in AJG 20 years ago would be worth $728.95 today. The company's current market capitalization stands at $53.12 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 9:30 pm

DOGEUSD

SHIBUSD

Memecoins, cryptocurrencies valued for entertainment and speculation, show mixed performance with Dogecoin and Shiba Inu slightly down, while MAGA Memecoin surges. The overall memecoin market cap increased by 0.3% to $22.5 billion. Analysts attribute memecoin underperformance to the strength of core cryptocurrencies like Bitcoin and Ethereum, which have attracted more investor attention and capital. Despite this, some analysts remain optimistic about the potential of certain memecoins in the current market.

Portfolio Pulse from Khyathi Dalal

February 23, 2024 | 9:21 pm

HNNA

Hennessy Advisors has acquired the CCM Core Impact Equity Fund, representing approximately $60 million in assets. This strategic move is expected to enhance Hennessy Advisors' offerings in the impact investing space.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 9:16 pm

MEDP

Over the past 5 years, Medpace Holdings (NASDAQ:MEDP) has significantly outperformed the market, with an annualized return of 48.67%, turning a $1000 investment into $5,669.52. The company now has a market capitalization of $12.11 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 9:00 pm

ONTO

Onto Innovation (NYSE:ONTO) has significantly outperformed the market with an average annual return of 30.9% over the past 15 years, turning a $100 investment into $5,299.32 today. The company's market capitalization stands at $8.74 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 9:00 pm

RUN

Sunrun announced the pricing of a $475 million offering of convertible senior notes, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 8:51 pm