Streetbeat News

Marketing

BAYRY

GOOG

IBM

INTC

MSFT

NVDA

AI is significantly impacting the pharmaceutical industry, from drug discovery to marketing, with Alphabet Inc's Google DeepMind developing AlphaFold 3, an AI model that predicts the structure of biological molecules. McKinsey reports AI could generate $60 billion-$110 billion annually for the industry, speeding up drug discovery and development. Collaborations like Bayer AG and Google Cloud are developing AI solutions for healthcare. Key players include Nvidia, Intel, IBM, Google, GE, Microsoft, Medtronic, Micron Technology, Amazon Web Services, and Siemens Healthineers.

Portfolio Pulse from Vandana Singh

May 10, 2024 | 6:49 pm

MSFT

Sarah Bond, Xbox president, hinted that the 2024 Call of Duty game might launch directly on Microsoft's Game Pass, following the company's acquisition of Activision Blizzard. This move aims to attract new subscribers and boost the gaming business amid stagnant subscriber growth and falling console sales.

Portfolio Pulse from Franca Quarneti

May 10, 2024 | 6:12 pm

DIS

DKNG

WBD

Wayne Shelton placed a $100 parlay bet on DraftKings (DKNG) that could pay out $1.7 million if the Oklahoma City Thunder win the NBA Championship. The bet also included wins by the Texas Rangers and Kansas City Chiefs. Shelton, a big Thunder fan, has declined cash out offers, opting to see the bet through. The Thunder are currently in the second round of the playoffs, with games broadcast by Disney (DIS) and Warner Bros. Discovery (WBD).

Portfolio Pulse from Chris Katje

May 10, 2024 | 6:07 pm

AAPL

Apple Inc. plans to overhaul Siri to improve its competitiveness against other chatbot technologies. This move comes as Apple seeks to enhance user experience and maintain its market position amidst growing advancements in AI and chatbot capabilities by competitors.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 6:06 pm

GOOG

GOOGL

Alphabet's stock (GOOG, GOOGL) experienced an uptick following Sam Altman's announcement that the upcoming May 13 ChatGPT demo will not feature a search engine. This news alleviates concerns about immediate competition to Google's core search business from ChatGPT, potentially stabilizing Alphabet's market position in the short term.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 5:56 pm

MSFT

OpenAI has scheduled a live stream for 10 A.M. PT on May 13 to showcase the latest updates to ChatGPT and GPT-4. This event is anticipated to reveal significant advancements in AI technology, potentially impacting related stocks.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 5:49 pm

QSR

Restaurant Brands International (QSR) shares are trading lower following reports that McDonald's is seeking franchisee approval for a competitive $5 meal deal. This move by McDonald's could potentially draw customers away from Restaurant Brands International's chains, impacting their sales and market share.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 4:30 pm

MCD

WEN

Wendy's shares are trading lower following reports that McDonald's is seeking franchisee approval for a $5 meal deal, potentially increasing competition in the fast-food sector.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 4:29 pm

NFLX

RBLX

Netflix Inc (NFLX) collaborates with Roblox Corporation (RBLX) to launch Nextworld, a digital hub on Roblox featuring games and experiences based on Netflix's popular shows like 'Stranger Things'. This partnership aims to enhance user engagement on Roblox by leveraging Netflix's extensive content library.

Portfolio Pulse from Chris Katje

May 10, 2024 | 4:28 pm

BONKUSD

DOGEUSD

PEPEUSD

SHIBUSD

CryptoKoryo, a pseudonymous crypto researcher, shared insights on trading meme coins, emphasizing the high-risk, high-reward nature of such investments. He outlined three waves of adoption for meme coins, ranging from the riskiest early-stage coins to established ones like Dogecoin and Shiba Inu. He advised on combining on-chain analysis with social media trends for better trading outcomes, cautioning against overnight riches and highlighting the increased supply and competition among meme coins.

Portfolio Pulse from Khyathi Dalal

May 10, 2024 | 4:26 pm