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NVDA

NVIDIA Corp (NASDAQ:NVDA) has seen a significant surge in its stock price, with a 240% increase in 2023 and an additional 80% in 2024, sparking a debate among fund managers on its future investment potential. Trent Masters from Alphinity Investment Management views the stock as a good buy due to its strong market share and sustainable earnings, while Adam Coons from Winthop Investment Management advises caution due to inflated valuations. Nvidia's market value has reached $2.27 trillion, largely due to its pivotal role in AI technology, attracting major partnerships and investments. Goldman Sachs has raised its 12-month price target for Nvidia to $1,100, maintaining a 'Buy' rating.

Portfolio Pulse from Benzinga Neuro

May 13, 2024 | 5:00 am

AMZN

YouTube star MrBeast has invited billionaires to collaborate on philanthropy projects for his Beast Philanthropy channel, promising to use their wealth for charitable causes. He announced this initiative on X, highlighting that all revenue from the channel supports charity. Additionally, MrBeast is exploring new ventures, including a game show deal with Amazon's Prime Video, emphasizing creative control as a key factor in choosing Amazon over other platforms.

Portfolio Pulse from Ananya Gairola

May 13, 2024 | 3:31 am

GOOG

GOOGL

MSFT

Sundar Pichai, CEO of Alphabet Inc., responded to Microsoft CEO Satya Nadella's comments about making Google 'dance' with the introduction of the new Bing, powered by OpenAI's ChatGPT. Pichai emphasized the importance of not being swayed by competitors' moves. Despite being initially caught off guard by the launch of ChatGPT, Google is catching up by leveraging its user base and intensifying AI efforts, including developing its own AI chips and enhancing Google Workspace with AI.

Portfolio Pulse from Ananya Gairola

May 11, 2024 | 1:52 pm

DIS

HTZ

NVDA

PLTR

SBUX

Benzinga's weekly review highlights bullish and bearish perspectives on stocks like Nvidia, Starbucks, Palantir, and insights into meme coin investments. Key financial indicators and upcoming events, such as the Consumer Price Index report and a speech by the Federal Reserve Chair, are also noted. Bullish views include Palantir's buying opportunity post-Q1 earnings, Disney's DTC unit's profitability, and an investor's success with meme coins. Bearish takes involve Hertz's wrongful Tesla refueling charge, Starbucks' sales slump due to Middle Eastern policy backlash, and a significant Nvidia stake sale by a former Soros fund manager.

Portfolio Pulse from Michael Cohen

May 11, 2024 | 1:25 pm

AAPL

GOOGL

OpenAI COO Brad Lightcap stated it's too early to assess AI's full economic impact, noting the technology's potential has not yet significantly transformed the economy. Jerome Powell also remarked on AI's future role in productivity growth. OpenAI is expanding its enterprise business, including selling ChatGPT to corporate clients. Apple Inc. is reportedly integrating ChatGPT into iPhones, while OpenAI CEO Sam Altman hinted at new developments but denied rumors of a search engine or launching GPT-5.

Portfolio Pulse from Ananya Gairola

May 11, 2024 | 7:25 am

MSFT

Sam Altman, CEO of OpenAI, refuted rumors about developing a search engine or launching GPT-5, instead teasing a May 13 event to showcase new projects. Despite speculation about an AI-powered search product to compete with Google, Altman emphasized updates to ChatGPT and GPT-4. Microsoft Corp. (NASDAQ:MSFT), a backer of OpenAI, may see implications from these developments.

Portfolio Pulse from Rounak Jain

May 11, 2024 | 3:08 am

SONY

Sony shares are experiencing a downturn, potentially due to reported discussions with Paramount. This situation suggests a period of volatility as investors react to the news of these talks, which could have significant implications for Sony's future strategy and market positioning.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 7:57 pm

CMG

MCD

SBUX

McDonald's Corp. is reportedly launching a $5 meal deal to attract cash-squeezed customers, partnering with Coca-Cola Co for marketing support. This move comes after a failed attempt earlier due to franchisee concerns over profitability amidst rising costs. The deal aims to reinforce McDonald's value proposition, especially as menu prices have doubled since 2014, outpacing inflation and price increases at competitors like Chipotle Mexican Grill, Inc. and Starbucks Corp. McDonald's shares rose 2.6% following the report.

Portfolio Pulse from Hayden Buckfire

May 10, 2024 | 7:28 pm

DIS

NFLX

WBD

Warner Bros Discovery Inc (NASDAQ:WBD) reported Q1 results below estimates with a 7% YoY revenue drop to $9.96 billion and a net loss of $966 million. Despite this, streaming grew with 2 million new subscribers, reaching 99.6 million, and a 70% increase in streaming advertising revenue. WBD announced a partnership with The Walt Disney Company (NYSE:DIS) to offer a streaming bundle, aiming to compete more effectively against Netflix (NASDAQ:NFLX). Traditional TV advertising revenue fell, contrasting with the growth in streaming.

Portfolio Pulse from Upwallstreet

May 10, 2024 | 7:27 pm

NVDA

SOUN

SoundHound AI, Inc. (SOUN) sees a revenue surge from strong demand in the automotive and restaurant sectors, with Wedbush analyst Daniel Ives reiterating an Outperform rating and a price forecast of $9. The company's subscription and bookings backlog increased to $682.0 million in Q1, driven by product royalties and automotive segment strength. SoundHound has also completed the acquisition of SYNQ3 Restaurant Solutions, becoming the largest U.S. provider of voice AI for restaurants. A new partnership with NVIDIA Corporation (NVDA) was announced to deliver in-vehicle voice-enabled generative AI responses. SoundHound expects positive adjusted EBITDA in 2025 and raised its FY24 revenue outlook to $71.6 million.

Portfolio Pulse from Nabaparna Bhattacharya

May 10, 2024 | 7:02 pm