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Oracle shares rose 9% in pre-market trading after reporting weaker-than-expected Q4 earnings and announcing a partnership with Google Cloud. Other notable pre-market movers include Golden Heaven Group Holdings, WANG & LEE GROUP, Surf Air Mobility, Beamr Imaging, and Rentokil Initial. ThermoGenesis Holdings and Clene Inc. were among the biggest losers.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 9:33 am

AAPL

Apple co-founder Steve Wozniak has expressed cautious optimism about Apple's new AI-powered features, urging users to test them personally. Apple announced the integration of ChatGPT into its systems, a move that has drawn criticism from Elon Musk.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 9:33 am

AAPL

Tim Cook has expressed doubts about Apple's ability to completely prevent AI hallucinations in its new Apple Intelligence system. Despite efforts to ensure high quality, Cook admits the technology is not 100% foolproof. The system, introduced at the WWDC, includes AI features for iPhone, iPad, and Mac, and Apple has partnered with OpenAI to integrate ChatGPT into Siri.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 8:45 am

CLSK

RIOT

Europol's new report criticizes the cryptocurrency mining industry for being vulnerable to financial crimes, including money laundering and cryptojacking. Despite this, former President Donald Trump has shown support for Bitcoin miners, meeting with executives from Riot Platforms Inc. and CleanSpark Inc. to discuss the future of Bitcoin mining in the U.S.

Portfolio Pulse from Aniket Verma

June 12, 2024 | 8:40 am

SUZ

Suzano S.A. has acquired a 15% stake in Lenzing AG for €230 million and formed a long-term partnership with B&C Group. Suzano has the option to acquire an additional 15% stake by 2028.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:19 am

AVGO

MAMA

ORCL

OXM

PLAY

Key stocks to watch on Wednesday include Broadcom, Oracle, Dave & Buster's, Mama's Creations, and Oxford Industries. Broadcom is expected to report strong earnings, Oracle posted weaker-than-expected earnings but announced a partnership with Google Cloud, Dave & Buster's and Oxford Industries are set to release earnings, and Mama's Creations posted downbeat earnings.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 8:00 am

BMY

EVO

Evotec has advanced its neurodegeneration research, triggering a $20 million milestone payment from its collaboration with Bristol Myers Squibb.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:45 am

AON

Aon has announced a $350 million insurance program in collaboration with the U.S. International Development Finance Corporation to enhance insurance capacity and stimulate new capital investment and economic recovery in Ukraine.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:34 am

MIELF

MIELY

Mitsubishi Electric's ME Innovation Fund has invested in Pente Networks to advance private LTE/5G solutions. The high cost and complexity of setting up private LTE/5G networks have been a barrier for companies and local governments, but this investment aims to address these issues.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:20 am

AAPL

Apple Inc. (NASDAQ:AAPL) unveiled its generative AI initiatives at WWDC 2024, introducing 'Apple Intelligence' to iPhones and iPads. While former Tesla AI Chief Andrej Karpathy praised the announcement, analyst Pierre Ferragu expressed skepticism about Apple's ability to execute the vision. Apple also announced a partnership with OpenAI to integrate ChatGPT into its operating systems.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 6:18 am