Streetbeat News

Products Services

AVGO

Broadcom Inc. (NASDAQ:AVGO) is poised for significant growth with a $150 billion AI silicon market opportunity over the next five years, according to JPMorgan analyst Harlan Sur. The company is seeing strong booking trends in both AI and non-AI segments, indicating robust near-term and long-term prospects.

Portfolio Pulse from Surbhi Jain

July 16, 2024 | 1:14 pm

ASML

The Eindhoven University of Technology, a key talent source for ASML Holding NV, is under scrutiny from the U.S. due to its large number of Chinese students amid the U.S.-China chip war. The Dutch government is pressured to curb China's semiconductor capabilities. ASML's investment in the university is threatened, and the company faces espionage concerns and U.S. demands to restrict services to Chinese clients.

Portfolio Pulse from Benzinga Neuro

July 16, 2024 | 1:13 pm

SLS

SELLAS Life Sciences Group shares are trading higher after the company announced the FDA granted Rare Pediatric Disease Designation to SLS009 for the treatment of Pediatric Acute Myeloid Leukemia.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:11 pm

ASML

SMCI

TDIV

TSM

VWO

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock is trading higher due to strong AI demand. ASML Holding (NASDAQ:ASML) expects significant orders from TSM, boosting its Q2 order value. Super Micro Computer Inc (NASDAQ:SMCI) CEO is optimistic about AI growth. TSM is projected to report a 30% increase in Q2 profits. Investors can gain exposure through Vanguard FTSE Emerging Markets ETF (NYSE:VWO) and First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV).

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 1:10 pm

ARKK

IVW

TSLA

Tesla Inc (NASDAQ:TSLA) is hiring nearly 800 new employees, focusing on AI, robotics, and energy storage. This comes three months after significant layoffs. The stock is trading higher premarket. Investors can gain exposure to Tesla through iShares S&P 500 Growth ETF (NYSE:IVW) and ARK Innovation ETF (NYSE:ARKK).

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 1:07 pm

SLS

SELLAS Life Sciences Group, Inc. (NASDAQ:SLS) announced that the U.S. FDA has granted Rare Pediatric Disease Designation (RPDD) to its drug SLS009 for the treatment of pediatric acute myeloid leukemia (AML). This designation makes SLS009 eligible for a Priority Review Voucher (PRV) upon marketing approval, which can be transferred or sold.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:07 pm

AAPL

FXI

Huawei's annual smartphone shipments have plummeted to around 20 million units due to US sanctions, according to executive Richard Yu Chengdong. This significant drop highlights the impact of geopolitical tensions on the tech industry.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:06 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) has announced updates for the 2025 Lucid Air Pure, making it the most efficient and sustainable vehicle with a record 146 MPGe EPA rating and 5.0 miles/kWh of energy. The vehicle features a new infotainment processor and a standard heat pump, priced from $69,900.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:05 pm

ETHUSD

SOLUSD

Solana (SOL) is outperforming Ethereum (ETH) in terms of token listings, daily active addresses, and NFT transactions. Experts predict bullish short-term price action for SOL, with potential to surge towards $174. SOL has seen a 10.7% gain over the past week.

Portfolio Pulse from Khyathi Dalal

July 16, 2024 | 1:04 pm

AAPL

Anysphere, an AI startup backed by OpenAI, is raising a new funding round with a valuation of at least $400 million. The company, known for its AI code editor Cursor, has previously raised $11 million. This funding round is supported by A16z.

Portfolio Pulse from Benzinga Neuro

July 16, 2024 | 1:04 pm