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TSM

Taiwan Semiconductor Manufacturing Co (TSM) stock rose due to Nvidia's positive quarterly results, indicating a sustained interest in AI. Nvidia reported a significant year-over-year revenue increase and provided an optimistic revenue forecast. Additionally, Analog Devices (ADI) announced a partnership with TSMC for long-term wafer capacity, involving TSMC's subsidiary JASM in Japan. This collaboration aims to enhance ADI's supply capabilities for critical technology. The semiconductor industry also sees movements from Microsoft and Intel in chip manufacturing.

Portfolio Pulse from Anusuya Lahiri

February 22, 2024 | 5:03 pm

NPCE

NeuroPace (NASDAQ:NPCE) has been evaluated by 4 analysts over the last three months, showing a diverse range of opinions. The average 12-month price target for NPCE is now $14.75, up from $9.67, indicating a positive outlook. The company, focusing on medical devices for epilepsy, reported a 47.23% revenue growth and a net margin of -44.18%. Despite a high debt-to-equity ratio of 4.38, its market capitalization and revenue growth surpass industry averages.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:00 pm

NVDA

SOUN

SoundHound AI, Inc. (SOUN) shares are trading higher following Nvidia Corporation's (NVDA) impressive fourth-quarter earnings report. Nvidia's earnings reveal included a $3.7 million investment in SoundHound, boosting the latter's stock. AI-related stocks, including SoundHound, have seen an uptick after Nvidia reported significant year-over-year revenue growth and earnings per share. SoundHound's stock is currently trading above its 200-day moving average, indicating bullish sentiment among investors.

Portfolio Pulse from Erica Kollmann

February 22, 2024 | 4:58 pm

ROG

Rogers Communications Inc. shares are trading lower following the announcement of disappointing Q4 financial results and Q1 guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:58 pm

BHC

Bausch Health Companies' shares surged following the announcement of Q4 revenue results that exceeded expectations and the issuance of FY24 revenue guidance that surpassed estimates.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:57 pm

THRY

Thryv shares are trading lower following the announcement of mixed Q4 financial results, indicating a disparity between expected and actual performance metrics.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:56 pm

TNK

Teekay Tankers reported mixed Q4 financial results, leading to a decrease in their share prices.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:53 pm

VMEO

Vimeo shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:52 pm

SPOK

Spok Holdings, Inc. (SPOK) shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:51 pm

NVDA

Nvidia Corporation (NASDAQ:NVDA) surpassed analysts' revenue and EPS estimates for Q4, driven by strong demand for AI and data center products. Analysts from Goldman Sachs, Oppenheimer, Wedbush, Needham, KeyBanc, JPMorgan, and Bank of America have raised their price targets, citing new product launches, improved supply, and significant opportunities in generative AI and sovereign AI builds. Concerns include supply constraints and competition, but overall sentiment is bullish, with expectations of continued growth, especially in data center and AI applications.

Portfolio Pulse from Chris Katje

February 22, 2024 | 4:50 pm