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NVDA

SSNLF

The AI boom has highlighted the importance of South Korean chipmakers Samsung Electronics (SSNLF) and SK Hynix, with experts debating which is the better investment. Both companies are key suppliers to Nvidia (NVDA), a major beneficiary of the AI surge. Samsung reported a significant increase in profits, while SK Hynix returned to profitability after losses. Opinions on investment favor SK Hynix for its early leadership in HBM3 and higher profit margins, though some see potential in both companies.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 4:24 am

TSLA

Leo KoGuan, a major individual shareholder of Tesla Inc. (NASDAQ:TSLA), criticized CEO Elon Musk's compensation package and urged shareholders to vote against it. KoGuan, who invested $3.5 billion in Tesla for a 0.8% stake, labeled Musk's request for more voting control as a 'robbery attempt.' The criticism follows a Delaware judge's decision to invalidate Musk's 2018 compensation package. Tesla is set to hold an investor vote on Musk's pay plan during its Annual Shareholder Meeting on June 13.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 3:19 am

NNE

PAL

SVCO

The upcoming week sees three companies, Silvaco Group, Inc (NASDAQ:SVCO), Proficient Auto Logistics, Inc (NASDAQ:PAL), and Nano Nuclear Energy Inc (NASDAQ:NNE), scheduled for their IPOs. Silvaco Group is set to offer 6 million shares at $18.00 each, Proficient Auto Logistics will offer 14.33 million shares at $15.00 each, and Nano Nuclear Energy will offer 3 million shares at $5.00 each. All companies have a 180-day insider lock-up period post-IPO.

Portfolio Pulse from Benzinga Insights

May 05, 2024 | 6:40 pm

INTC

META

PLTR

TSLA

This week in AI news, Elon Musk and Mark Zuckerberg were noted for their absence from a new AI Safety Institute, while Cathie Wood's Ark Invest made significant trades in Palantir and Meta Platforms. Intel Corp gained popularity among Redditors despite setbacks, and tech reviewer MKBHD reviewed the Rabbit R1 AI device critically. Musk expressed mixed feelings about AI investment, responding to forecasts by Peter Diamandis.

Portfolio Pulse from Benzinga Neuro

May 05, 2024 | 11:00 am

TSLA

Robyn Denholm, Tesla Inc.'s Board Chair, has urged shareholders to reapprove CEO Elon Musk's $47 billion compensation package, previously overturned by a Delaware judge. Denholm highlighted the package's role in achieving Tesla's financial and operational targets, which significantly increased the company's value and shareholder wealth. The appeal comes amid scrutiny over transactions among Musk's companies and his rising net worth. A shareholder vote is scheduled for June 13, 2024, at the annual meeting.

Portfolio Pulse from Bibhu Pattnaik

May 04, 2024 | 5:21 pm

AAPL

AXP

BAC

BRK

CVX

Warren Buffett's Berkshire Hathaway reduced its stake in Apple by 18%, as revealed in a 10-Q report for Q1. Berkshire's overall equity investment decreased, with a shift in sector exposure and a reduction in the proportion of investments in its five core holdings, including Apple, Bank of America, American Express, Coca-Cola, and Chevron. Apple's shares have underperformed, attributed to slow iPhone uptake and modest quarterly results. This marks the second consecutive quarter Berkshire has cut its Apple stake.

Portfolio Pulse from Shanthi Rexaline

May 04, 2024 | 4:03 pm

EXP

Eagle Materials Inc (EXP) and TLCC Partners, along with HM and HMSC, entered into a put option agreement, allowing HMSC to require TLCC Partners to buy all partnership interests held by HMSC in their joint venture for an amount equal to 50% of $1.1 billion, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:01 pm

AAON

MARA

S&P Dow Jones Indices announced that Marathon Digital Holdings Inc. (MARA) will replace AAON in the S&P SmallCap 600 before the market opens on May 8. This change reflects adjustments in the index to maintain its representation of the small-cap market sector.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:53 pm

AAON

VST

S&P Dow Jones Indices announced that AAON Inc. will replace Vistra in the S&P MidCap 400 effective before the market opens on May 8. This change reflects adjustments in the index to maintain its representation of the mid-cap market segment.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:52 pm

PXD

VST

S&P Dow Jones Indices announced that Vistra Corp. (VST) will replace Pioneer Natural Resources Co. (PXD) in the S&P 500 index effective before the market opens on May 8. This change reflects adjustments in the S&P 500 constituents to better represent the market.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:52 pm