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ASML

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NVDA

SMCI

TSM

A Reddit post on r/wallstreetbets sparked a discussion favoring Taiwan Semiconductor Manufacturing Company (TSMC) over other semiconductor companies like Nvidia, Super Micro Computer, ASML, and Intel. Redditors highlighted TSMC's strategic importance, global expansion, and high yields as key investment catalysts. The discussion also touched on geopolitical tensions, TSMC's role in Taiwan's defense, and its significance in AI, with some users citing Cathie Wood's investment in TSMC.

Portfolio Pulse from Surbhi Jain

March 05, 2024 | 3:30 pm

SCLX

Scilex Holding Company announced the launch of Gloperba, the first FDA-approved liquid oral colchicine for gout prophylaxis, priced at $595 per 150ml. Set to launch in the first half of 2024, Gloperba targets over 70% of gout patients with comorbid conditions requiring dose adjustments. The U.S. gout treatment market is expected to reach $2.0 billion by 2028. Scilex's direct distribution network and experienced commercial team, which successfully launched ZTlido and Elyxyb, positions it well for Gloperba's distribution.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:04 pm

HUGE

FSD Pharma announced the presentation of Lucid-21-302 data at the ACTRIMS Forum, scheduled for February 29 to March 2. This event is significant for the company as it showcases their latest research findings.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:16 pm

CPNG

Coupang (NYSE:CPNG), in partnership with the U.S. Department of Commerce and International Trade Administration, co-hosted EMPOWER Asia webinars aimed at promoting U.S. exports to South Korea, with a focus on women-owned businesses in the Food & Beverage and Apparel & Fashion industries. The webinars provided insights into Korea's commerce market, expected to exceed $563 billion by 2027, and offered guidance on leveraging Coupang's platform for cross-border trade. Speakers from various organizations shared their expertise on accessing the Korean market and succeeding on Coupang's platform.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:11 pm

AAPL

VGT

XLK

Apple Inc's iPhone sales in China dropped 24% in the first six weeks of the year, placing it fourth among smartphone vendors in the country. The decline was attributed to a 7% contraction in China's overall smartphone market and strong performances by Vivo and Huawei, with Huawei's market share increasing to 16.5%. Apple's market share fell to 15.7%. In response, Apple introduced discounts and promotions. Investors can gain exposure to Apple through ETFs like Vanguard Information Tech ETF (VGT) and SPDR Select Sector Fund - Technology (XLK). AAPL shares dropped 2.25% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 05, 2024 | 12:55 pm

BTCUSD

El Salvador President Nayib Bukele showcases his anticipation for Bitcoin's potential new all-time high with a meme on social media. Bitcoin's market cap has reached $1.33 trillion, with its price slightly down at $67,080.11. Bukele remains a staunch supporter of holding Bitcoin, despite criticism, and has highlighted El Salvador's profits and acquisition methods.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 12:55 pm

GANX

Gain Therapeutics announced it will present data at the AP/PD 2024 Conference on March 8 and 9, showcasing the mechanism of action of GT-02287, its GCase regulator for Parkinson's disease treatment.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 12:45 pm

AAPL

Jim Cramer has expressed concern over Apple Inc.'s future in China following a 24% drop in iPhone sales in the first six weeks of 2024, including the Lunar New Year period. This decline is part of a broader trend of challenges for Apple in China, including a rare iPhone discount during the Lunar New Year sale to counter economic deflation, price cuts by resellers, and adverse impacts from China's iPhone ban and security advisories. Apple's December 2023 quarter already showed a 13% decline in iPhone sales in China, marking it as a weak quarter. Additionally, competition from Huawei's resurgence is intensifying the situation.

Portfolio Pulse from Rounak Jain

March 05, 2024 | 12:30 pm

GOOG

GOOGL

Alphabet Inc.'s Android Auto has updated to version 11.4, introducing a feature that locks certain apps, such as gaming and video streaming, while the vehicle is in motion. This update aims to promote safer driving by preventing access to these apps unless the car is parked, indicated by a 'P' icon. Additionally, Android Auto v11.4 can abbreviate long text messages to reduce distractions. This is part of Alphabet's broader effort to enhance user experience and promote seamless connectivity across Android devices, as announced at CES 2024.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 12:23 pm

GOOGL

Alphabet Inc.'s Google Maps is testing a new feature to show building entrance indicators, aiming to enhance user navigation. This feature, currently in early testing stages, displays entrance icons on the map when a location is selected and zoomed in. The test was observed on Google Maps version 11.17.0101 on a Google Pixel 7a, focusing on various building types in cities like New York and Berlin. This development follows recent navigation improvements and signifies Google's commitment to refining user experience.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 11:16 am