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Assets

CDNS

Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 20 years by 7.37% on an annualized basis, producing an average annual return of 15.1%. If an investor had bought $100 of CDNS stock 20 years ago, it would be worth $1,662.68 today.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 4:30 pm

EWW

TS

Tenaris has launched a new manufacturing line for the production of its AlphaRod® series at its industrial center in Veracruz, Mexico. The $5 million investment will increase capacity to serve the growing North American market. The AlphaRod® series is designed for high performance in artificial lift operations. The new production line in Mexico will strengthen Tenaris's ability to serve current markets and meet growing demand in the USA and Canada.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 4:23 pm

SKM

SK Telecom Co Ltd (NYSE:SKM) is investing an additional $100 million in AI safety and research company, Anthropic. The investment will be used to develop a large language model (LLM) customized for telecommunications companies. The LLM will support multiple languages and will be fine-tuned to telco use cases, including customer service, marketing, sales, and interactive consumer applications. This is expected to help telecommunications companies save cost and time and enable the members of the Global Telco AI Alliance to develop and offer AI services/apps customized to their respective markets and customers.

Portfolio Pulse from Shivani Kumaresan

August 14, 2023 | 4:19 pm

QRTEA

Michael Burry, through his 13F filing, has been revealed to hold 1.5 million shares of Qurate Retail (QRTEA).

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 4:11 pm

AMZN

GOOGL

MSFT

TSLA

Tesla Inc. is considering expanding its operations into data centers, which could put it in direct competition with Amazon.com Inc, Microsoft Corporation, and Alphabet Inc. A job posting from Tesla for a 'Sr. Engineering Program Manager, Data Center' suggests this move. The data center business is worth over $250 billion, making it attractive to newcomers like Tesla. However, it's unclear whether Tesla's growth in data centers would be strictly an internal move or if it would offer data storage solutions for other companies.

Portfolio Pulse from Chris Katje

August 14, 2023 | 4:08 pm

OXY

A significant bullish stance has been taken on Occidental Petroleum (NYSE:OXY) by a large investor or institution, as evidenced by unusual options activity. The sentiment among these big-money traders is split 60% bullish and 40% bearish. The whales have been targeting a price range from $60.0 to $75.0 for Occidental Petroleum over the last 3 months. Several financial institutions have maintained their ratings on OXY, with price targets ranging from $60 to $80.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 4:01 pm

BIIB

Biogen (NASDAQ:BIIB) has outperformed the market over the past 15 years, producing an average annual return of 11.96%. If an investor had bought $100 of BIIB stock 15 years ago, it would be worth $543.39 today. The company currently has a market capitalization of $39.45 billion.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 4:00 pm

AZO

AutoZone (NYSE:AZO) has outperformed the market over the past 15 years, producing an average annual return of 21.49%. If an investor had bought $100 of AZO stock 15 years ago, it would be worth $1,821.90 today. The company currently has a market capitalization of $45.40 billion.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 4:00 pm

GE

GE Vernova is set to acquire Greenbird Integration Technology AS, a company specializing in data platforms for utilities. The acquisition will enhance GE Vernova's GridOS, a comprehensive suite of grid orchestration software, by enabling it to aggregate more information from multiple systems. This will allow grid operators to assemble a real-time snapshot of conditions throughout the grid. The move is expected to facilitate the transition to more renewable energy and help manage the increasing complexity of grid operation.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 3:53 pm

ATVI

A significant investor has taken a bullish stance on Activision Blizzard (NASDAQ:ATVI), with 75% of recent trades being bullish and 25% bearish. The trades include 7 puts worth $504,281 and 5 calls worth $253,246. The price target for ATVI over the last 3 months has been between $70.0 and $92.5. The current price of ATVI is $91.08, down 0.14%. Several experts have downgraded their ratings to 'Neutral' or 'Hold' with price targets around $95.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 3:46 pm