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AAPL

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NFLX

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The past week in consumer tech saw significant developments including the European Council's approval of the AI Act, South Korea's $19 billion support for its semiconductor sector, and Taiwan's confidence in TSMC's technology protection. Key company updates include Nvidia's partnership with Dell, Microsoft's new AI initiatives, and Apple's upcoming iPhone 16 launch. Additionally, TikTok is testing longer video uploads, and Netflix's 'Baby Reindeer' faces potential legal issues.

Portfolio Pulse from Lekha Gupta

May 26, 2024 | 8:49 pm

AAPL

Apple is expected to unveil new AI features at its upcoming WWDC, focusing on practical tools for consumers. Despite being a late entrant in the AI race, Apple aims to integrate AI into core apps and operating system features. Key enhancements include improved Siri interactions, faster searches, and AI-generated emojis. However, these features are seen as catch-up rather than groundbreaking.

Portfolio Pulse from Shanthi Rexaline

May 26, 2024 | 8:40 pm

ADI

BNTX

ELF

FLEX

FSLR

LOGI

MNDY

MRNA

NVDA

Several large-cap stocks performed exceptionally well last week (May 20-May 26, 2024). Notable performers include First Solar, Moderna, E.L.F. Beauty, NVIDIA, International Paper, Analog Devices, Flex, Logitech, BioNTech, and Monday.Com. Key drivers include increased tariffs, better-than-expected earnings, and positive analyst revisions.

Portfolio Pulse from Lekha Gupta

May 26, 2024 | 2:44 pm

Stephen A. Schwarzman, CEO of Blackstone Inc. (NYSE:BX), has endorsed Donald Trump and pledged to contribute to his campaign and several Republican Senate candidates. This endorsement could help Trump gain support from influential business leaders and donors.

Portfolio Pulse from Nabaparna Bhattacharya

May 25, 2024 | 4:27 pm

AMZN

LGF

LION

RUM

Content creator Kai Cenat is planning a live version of 'The Hunger Games' involving 50 content creators. Cenat, who has a deal with Rumble Inc (NASDAQ:RUM), announced the event during a stream. The event's streaming platform is yet to be decided, with options including Twitch (owned by Amazon.com Inc, NASDAQ:AMZN) and YouTube. Lionsgate (NYSE:LGF)(NASDAQ:LION) originally turned 'The Hunger Games' book series into a successful film franchise.

Portfolio Pulse from Chris Katje

May 25, 2024 | 2:40 pm

KARS

LCID

NKLA

TSLA

The EV sector saw significant developments this week, including Tesla's production cut in China, Lucid's workforce reduction, Nikola's new truck orders, and Ford's potential easing of EV sales norms for dealers. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 4.88% for the week.

Portfolio Pulse from Shanthi Rexaline

May 25, 2024 | 1:10 pm

BZFD

CMCSA

Comcast's NBCUniversal sold a significant portion of its stake in BuzzFeed after a stock rally triggered by Vivek Ramaswamy's purchase of a 7.7% stake. Ramaswamy plans to engage with BuzzFeed's board to maximize shareholder value, potentially shifting the company's strategy. NBCUniversal's sale could indicate a plan to exit its position in BuzzFeed.

Portfolio Pulse from Chris Katje

May 24, 2024 | 8:55 pm

INCR

InterCure (NASDAQ:INCR) is poised for significant growth due to potential U.S. cannabis rescheduling and expanding demand in Germany. Despite recent disruptions, the company is expected to rebound with double-digit growth in 2024. InterCure's strategic value lies in its expertise in pharmaceutical cannabis and its ability to produce quality products at scale. The company is expanding internationally, with plans to enter the German market by mid-2024 and potential acquisitions in Australia.

Portfolio Pulse from Nicolás Jose Rodriguez

May 24, 2024 | 8:13 pm

DIS

MGNI

NFLX

PARA

Magnite, Inc. (MGNI) has been upgraded to Buy by BofA Securities analyst Omar Dessouky, who raised the price target to $15. The upgrade is driven by Magnite's exclusive partnership with Netflix (NFLX), expected to generate $30 million in revenue by 2025, and its strong position in the CTV advertising market. The company is also expected to benefit from the programmatic transition in premium streaming services, as indicated by recent trends from Walt Disney Company (DIS) and Paramount Global (PARA).

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2024 | 6:15 pm

GDYN

Wedbush analyst Moshe Katri initiated coverage on Grid Dynamics Holdings Inc (NASDAQ: GDYN) with an Outperform rating and a price target of $13, citing strong first quarter and 2024 results, GenAI initiatives, and significant partnership opportunities. Katri expects mid-single-digit and mid-double-digit revenue growth between 2024 and 2025, respectively.

Portfolio Pulse from Anusuya Lahiri

May 24, 2024 | 5:57 pm