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AMD

INTC

NVDA

TSM

Intel Corp (NASDAQ: INTC) had a positive week until Thursday, while Nvidia Corp (NASDAQ: NVDA) and Advanced Micro Devices, Inc (NASDAQ: AMD) saw declines. The semiconductor sector lost over $500 billion due to U.S. embargo reports against China. Intel's CTO targets $1 billion in software revenue by 2027, with the Gaudi 3 chip expected to generate significant revenue. DNB Asset Management increased its investment in Intel. Intel's stock is down 5.10% at $33.09.

Portfolio Pulse from Anusuya Lahiri

July 19, 2024 | 6:00 pm

CRWD

TSLA

Tesla shares are trading lower following a 24% drop in California registrations. Additionally, Tesla halted some production lines due to the Microsoft-CrowdStrike outage, and Elon Musk announced the company has deleted CrowdStrike from all of its systems.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:57 pm

CBSTF

The Cannabist Company Holdings Inc. (CBSTF) has expanded its partnership with Old Pal, launching new cannabis products in New Jersey, Maryland, and Virginia. This expansion is expected to enhance brand recognition and operational efficiencies.

Portfolio Pulse from Jelena Martinovic

July 19, 2024 | 5:51 pm

BTCUSD

USDCUSD

USDTUSD

Crypto expert Scott Melker predicts Bitcoin (BTC) will reach $100,000 by year-end, citing an unprecedented bullish market setup. Factors include traditional finance inflows via ETFs, the launch of Spot Ethereum ETFs, and potential major announcements at the upcoming Bitcoin Conference. Melker also highlights the role of stablecoins like Tether (USDT) and Circle (USDC) in the market's growth.

Portfolio Pulse from Khyathi Dalal

July 19, 2024 | 5:51 pm

ISRG

Intuitive Surgical Inc. (NASDAQ: ISRG) stock is trading higher after reporting better-than-expected Q2 earnings. Despite facing several headwinds, analysts remain optimistic about the company's future, with multiple firms raising their price targets and maintaining positive ratings. The company's da Vinci 5 system and expanding applications in robotic-assisted surgery are key growth drivers.

Portfolio Pulse from Vandana Singh

July 19, 2024 | 5:49 pm

BLK

ETHE

ETHUSD

Grayscale Investments has reduced its proposed fee for its spot Ethereum ETF by 40%, aiming to gain a competitive edge over rivals. The fee cut from 0.25% to 0.15% undercuts competitors like Franklin Templeton, VanEck, Bitwise, and 21Shares. Grayscale plans to convert its Ethereum Trust (OTC:ETHE) into an ETF, maintaining a 2.5% fee for this product.

Portfolio Pulse from Khyathi Dalal

July 19, 2024 | 5:45 pm

ALLO

CABA

KYTX

CAR-T cell therapy, traditionally used for blood cancers, shows promise in treating autoimmune diseases like lupus. Despite early success, challenges such as high costs and complex manufacturing processes remain. Companies like Kyverna Therapeutics, Cabaletta Bio, and Allogene Therapeutics are exploring various approaches to make CAR-T more accessible and effective.

Portfolio Pulse from Vandana Singh

July 19, 2024 | 5:45 pm

CRWD

DIA

IWM

QQQ

SPY

Major indexes are lower amid this week's selloff in tech stocks. A global outage caused by a CrowdStrike update may also be pressuring the market.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:40 pm

COIN

MSTR

MicroStrategy (NASDAQ:MSTR) shares are trading higher on Friday due to a rise in Bitcoin's price to around $66,000. Other crypto-linked stocks, including Coinbase Global (NASDAQ:COIN), are also experiencing gains. MicroStrategy's stock is trading above its 50-day moving average, and the company is set to release its Q2 2024 earnings on August 1st, with analysts expecting a loss of $1.10 per share and revenue of $122.60 million.

Portfolio Pulse from Dylan Berman

July 19, 2024 | 5:37 pm

CRWD

MSFT

SentinelOne shares are climbing after a failed software update from CrowdStrike caused global outages, affecting various industries. The issue was a technical error, not a hacker attack. SentinelOne's stock has gained over 17% in the past month, with analysts having bullish ratings and an average 1-year price target of $24.29.

Portfolio Pulse from Erica Kollmann

July 19, 2024 | 5:33 pm