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INTC

Intel has announced a series of AI-focused innovations at its Intel Innovation 2023 event. The company confirmed its five-nodes-in-four-years process technology plan is on track and revealed details on next-generation Intel Xeon processors. Intel also announced the launch of Intel Core Ultra processors, featuring the company's first integrated neural processing unit. A large AI supercomputer will be built on Intel Xeon processors and Intel Gaudi2 AI hardware accelerators, with Stability AI as the anchor customer. Intel also announced the general availability of the Intel Developer Cloud for building and testing high-performance applications like AI.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:36 pm

CART

Instacart's initial public offering (IPO) is indicating a price of $41.80 per share on 1.1 million shares, which is significantly higher than its IPO price of $30 per share.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:33 pm

QCOM

A significant bullish position has been taken on Qualcomm (NASDAQ:QCOM), as observed from publicly available options history. The sentiment among big-money traders is split 50-50 between bullish and bearish. The whales have been targeting a price range from $95.0 to $130.0 for Qualcomm over the last 3 months. The current price of QCOM is down -1.98% at $110.52. Wells Fargo maintains an Underweight rating on Qualcomm with a price target of $100, while Keybanc, Rosenblatt, and Mizuho have downgraded their actions to Overweight and Buy with price targets of $145 and $140 respectively.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:32 pm

CART

Instacart's initial public offering (IPO) is indicating a price of $41.50 per share on 1.1 million shares, which is significantly higher than its IPO price of $30 per share.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:26 pm

CART

Instacart's initial public offering (IPO) is indicating a price of $41.20 per share on 1.1 million shares, significantly higher than its IPO price of $30 per share.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:23 pm

CART

Instacart's initial public offering (IPO) is indicating a price of $41 per share on 1.1 million shares, which is significantly higher than its IPO price of $30 per share.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:18 pm

HD

A significant bearish stance has been taken on Home Depot (NYSE:HD) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $310.0 to $345.0 for Home Depot over the last 3 months. Evercore ISI Group has maintained their Outperform rating on Home Depot, with a price target of $370, while Stifel downgraded its action to Hold with a price target of $350.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:16 pm

CART

Instacart's initial public offering (IPO) is indicating a price of $40.50 per share on 1.1 million shares, which is significantly higher than its IPO price of $30 per share.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:12 pm

BKR

The article provides a detailed comparison of Baker Hughes Co (NASDAQ:BKR) with its competitors in the Oil & Gas Equipment & Services industry. Baker Hughes shows strong performance in terms of EBITDA, gross profit, and revenue growth, indicating its ability to generate earnings and expand its business. However, its valuation ratios such as PE, price to book value, and price to sales are relatively low, suggesting it may be undervalued compared to its peers. Additionally, its return on equity is also low, indicating a lower level of profitability compared to its industry peers.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:11 pm

RVNC

Revance Therapeutics Inc (NASDAQ:RVNC) plans to exit the OPUL payments business due to significant costs and resources required. The exit includes a reduction in OPUL personnel, termination of OPUL R&D activities, and a reduction of outside services expenses. The company expects to record a restructuring charge of up to $7.0 million. Exiting OPUL by the end of Q1 2024 is expected to free up approximately $20 million a year for reinvestment. The company is funded to breakeven and expects to be Adjusted EBITDA positive in 2025.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 3:03 pm