Streetbeat News

Earnings

NVDA

TSLA

Elon Musk agrees with the view that Tesla should not be valued solely as an automaker, similar to how Nvidia is not valued only for its gaming GPU segment. Tesla's diverse business segments, including AI, robotics, and energy storage, contribute to its overall valuation. Despite recent stock volatility and price cuts, Musk remains optimistic about Tesla's future, aligning with Ark Invest's ambitious $2,000 price target by 2027, though he acknowledges it will be extremely difficult to achieve.

Portfolio Pulse from Shanthi Rexaline

May 24, 2024 | 4:56 am

AMD

ARM

AVGO

INTC

NVDA

TSM

Renowned investor Rob Arnott has raised concerns about Nvidia's market dominance, describing it as 'bubbly' due to its high price-to-sales ratio and profit margins. He suggests that increasing competition from companies like AMD, Intel, and TSM could challenge Nvidia's market share. Despite these concerns, Nvidia's recent earnings beat and leadership in AI have led to bullish market sentiment.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 2:43 am

INTU

TSLA

WDAY

Major U.S. indices closed lower on Thursday, with the Dow Jones, S&P 500, and Nasdaq all ending in the red. Boeing, Intuit, Workday, Micron Technology, and Tesla were notable stocks on investors' radars. Boeing's stock fell due to negative cash flow forecasts and delivery delays. Intuit's stock dipped despite strong earnings due to negative cash flow forecasts. Workday's stock rose slightly but had tumbled earlier due to lower forward guidance. Micron's stock remained stable, and Tesla's stock fell as the company ramped up hiring after mass layoffs.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 2:16 am

NVDA

Tom Lee of Fundstrat Global Advisors predicts that the global labor shortage will drive technology stocks to comprise 50% of the S&P 500, up from the current 30%. This shift is expected due to increased investment in AI technology to address the labor gap, with companies potentially spending $3.2 trillion annually on AI. Nvidia (NASDAQ: NVDA) is highlighted as a major beneficiary, especially following its strong Q1 earnings report.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 2:05 am

HUIZ

Huize Holding (NASDAQ:HUIZ) reported a significant decrease in its Q1 adjusted earnings per ADS, dropping from $0.05 to $0.01 year-over-year. Sales also saw a slight decline from $43.52 million to $42.98 million.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:06 pm

NFLX

Netflix Inc (NASDAQ:NFLX) released its biannual engagement report, revealing that viewers watched over 90 billion hours of content from July to December 2023. Original content like 'Lupin,' 'The Witcher,' and 'The Crown' dominated viewership, while non-English content also performed well. The report highlights Netflix's strong performance and increased investment in foreign language media.

Portfolio Pulse from Hayden Buckfire

May 23, 2024 | 9:29 pm

BNED

Barnes & Noble Education (BNED) reported preliminary FY24 consolidated revenue of approximately $1.567 billion, slightly below the estimated $1.585 billion.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 9:13 pm

DECK

Deckers Outdoor Corp (NYSE:DECK) reported impressive Q4 results, significantly beating analyst estimates for both earnings and sales. The company saw strong growth in its HOKA and UGG brands, while Teva and Sanuk brands experienced declines. DECK shares rose 8.33% in after-hours trading.

Portfolio Pulse from Erica Kollmann

May 23, 2024 | 8:50 pm

CRM

INTU

WDAY

Salesforce shares are trading lower, possibly in sympathy with Workday and Intuit, which fell after reporting quarterly results.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:44 pm

PAGS

PagSeguro Digital shares are trading higher after the company reported a year-over-year increase in Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:39 pm