Streetbeat News

Assets

FEPI

NVDA

PSI

TSM

Micron Technology Inc (NASDAQ:MU) announced a temporary reduction in DRAM supply due to an April 3 earthquake in Taiwan, affecting up to a mid-single-digit percentage of its calendar quarter supply. Despite the disruption, Micron's long-term DRAM production capacity remains unaffected. The chips are crucial for Nvidia Corp's (NASDAQ:NVDA) H200 GPUs for AI applications, with Micron seeing a surge in demand, especially from the AI sector. Taiwan Semiconductor Manufacturing Co (NYSE:TSM) also faced temporary disruptions but expects a swift recovery. Micron's stock has surged over 96% in the last 12 months, with exposure available through REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) and Invesco Semiconductors ETF (NYSE:PSI).

Portfolio Pulse from Anusuya Lahiri

April 11, 2024 | 6:26 pm

MRVL

NVDA

SPRX

Nvidia has seen a significant rise, approximately 230%, driven by AI technology adoption, outpacing the S&P 500 and other semiconductor companies like Marvell Technology, which rose about 73%. Marvell, specializing in DSP and ASICs, is positioning itself in the AI market through partnerships and new technologies. The AI and semiconductor industries' growth also highlights the potential of AI-exposed ETFs like Spear Alpha ETF, which has seen a 61% increase.

Portfolio Pulse from Johnny Rice

April 11, 2024 | 6:24 pm

CLSK

CRPT

MSTR

MVPA

MicroStrategy Inc (NASDAQ:MSTR) has caused short sellers to incur losses of $1.92 billion since March, due to its significant bitcoin holdings and the stock's performance surpassing Bitcoin itself. The SEC's approval of spot bitcoin ETFs has mainstreamed cryptocurrency investments, impacting short positions against companies like Coinbase and CleanSpark, Inc (NASDAQ:CLSK), with losses of $593.50 million and $106.40 million respectively. MicroStrategy plans to further increase its bitcoin holdings, already at nearly 190,000 bitcoins by the end of 2023, by raising funds through convertible debt sales. Despite challenges, such as a 280% increase in the cost of refinancing its convertible bonds, MicroStrategy's stock has surged 390% since late 2020. Investors can also gain exposure to MicroStrategy through ETFs like First Trust SkyBridge Crypto Industry And Digital Economy ETF (NYSE:CRPT) and Advisor Managed Portfolios Miller Value Partners Appreciation ETF (NYSE:MVPA).

Portfolio Pulse from Anusuya Lahiri

April 11, 2024 | 6:19 pm

BTCUSD

ETHUSD

Following the last Bitcoin Halving on May 11, 2020, Ethereum (ETH) experienced a significant price surge of 1,786%, outperforming Bitcoin's (BTC) 621% increase. Ethereum's price appreciated by 110% from May to August 2020, reaching an all-time high of $4,635 in November 2021. The article also highlights Ethereum's development and its awaiting approval for a spot Ethereum ETF by the U.S. SEC, with a decision deadline of May 23, 2024.

Portfolio Pulse from Khyathi Dalal

April 11, 2024 | 6:17 pm

BNO

USO

Oil prices are declining due to mixed inflation data, leading to uncertainty about interest rate cuts and a murky demand outlook.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 6:13 pm

SNPS

Over the past 5 years, Synopsys (NASDAQ:SNPS) has delivered an average annual return of 36.81%, outperforming the market by 24.53% annually. With a current market capitalization of $85.44 billion, a $1000 investment in SNPS 5 years ago would be worth $4,758.36 today.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 6:00 pm

NUE

Over the past 20 years, Nucor (NYSE:NUE) has produced an average annual return of 13.43%, outperforming the market by 5.47% on an annualized basis. A $1000 investment in NUE 20 years ago would be worth $12,137.36 today, showcasing the impact of compounded returns over time. Nucor's current market capitalization stands at $47.50 billion.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 6:00 pm

GLD

SLV

Gold and silver prices have increased after mixed inflation data was released, potentially influencing future Federal Reserve policy decisions.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 5:58 pm

XMRUSD

Kraken, a leading cryptocurrency exchange, announced it will delist Monero (XMR) for customers in Ireland and Belgium due to upcoming EU Anti Money Laundering Regulation. Trading and deposits of XMR will cease on May 10, with withdrawals stopping on June 10, leading to automatic conversion of any remaining XMR to bitcoin. This follows similar actions by Binance and OKX, reflecting increasing regulatory pressures on privacy coins.

Portfolio Pulse from Khyathi Dalal

April 11, 2024 | 5:43 pm

AMZN

APTV

KMX

NKE

PDD

RIVN

SBUX

TPR

TSLA

ULTA

Today's whale activity in the Consumer Discretionary sector highlighted unusual options trading for several companies. Bullish sentiment was observed in TSLA, TPR, NKE, APTV calls, while bearish sentiment was seen in AMZN, SBUX, ULTA puts. KMX and PDD showed bullish sentiment through puts, and RIVN had a bearish call. This activity could indicate market expectations and potential trading opportunities based on the sentiment and volume of these options trades.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 5:35 pm