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GOOG

GOOGL

MSFT

EU antitrust regulators are seeking views on exclusivity clauses in the Microsoft-OpenAI partnership and will not investigate the deal under merger rules due to lack of control. Additionally, the EU is seeking views on Google's AI tech pre-install deal with Samsung and examining talent-driven acquisitions.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:35 pm

VRNT

A leading U.S. utility company has signed a multi-year contract with Verint to enhance customer experience (CX) automation and achieve AI-driven business outcomes in its 1,800-agent contact center.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:33 pm

AMD

ARM

AVGO

INTC

MRVL

NVDA

WDC

A JPMorgan survey indicates a significant increase in AI infrastructure investment, forecasting robust growth for semiconductor companies like Nvidia, AMD, Broadcom, Marvell, and Arm. Over 75% of CIOs plan to allocate more than 5% of their IT budgets to AI hardware within three years, driving a 45% CAGR in AI spending. Cloud spending is also set to rise, benefiting companies like Intel, Micron, and Western Digital.

Portfolio Pulse from Surbhi Jain

June 28, 2024 | 2:28 pm

NRSN

NeuroSense Therapeutics has received a Notice of Allowance for its US patent application on compositions of Ciprofloxacin and Celecoxib for treating ALS and Alzheimer's Disease.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:20 pm

CSCO

HPE

JNPR

The European Commission will decide by August 1 on Hewlett Packard Enterprise's (HPE) $14 billion acquisition of Juniper Networks (JNPR). The deal aims to enhance HPE's AI offerings and expand its networking business. The UK competition authority is also reviewing the deal, with a decision expected by August 14. The acquisition is an all-cash transaction at $40.00 per share, a 32% premium over JNPR's stock price on January 8, 2024. Post-transaction, Juniper CEO Rami Rahim will lead the combined HPE networking business.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2024 | 2:15 pm

RIO

Alcoa and Rio Tinto have announced significant progress on their ELYSIS technology, which aims to eliminate all greenhouse gas emissions from the aluminum smelting process and produce oxygen as a byproduct. Rio Tinto plans to launch the first industrial-scale demonstration of this technology.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:08 pm

AIQ

AVEM

BABA

Alibaba Group Holding's (NYSE:BABA) cloud computing unit will close its data centers in Australia and India, redirecting investments to Southeast Asia and Mexico. The closures are part of an infrastructure strategy update. Alibaba's stock has declined over 14% in the past year. Investors can gain exposure to Alibaba via Avantis Emerging Markets Equity ETF (NYSE:AVEM) and Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ).

Portfolio Pulse from Anusuya Lahiri

June 28, 2024 | 2:04 pm

RBLX

SIX

Six Flags Entertainment has launched a metaverse experience on Roblox, offering virtual roller coasters, Fright Fest mazes, and games. Users can collect Coastercoin for rewards at physical parks, blending virtual and physical worlds. This marks a major milestone in Six Flags' digital transformation.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:01 pm

RCKT

The FDA has issued a Complete Response Letter (CRL) to Rocket Pharmaceuticals' Biologics License Application for Kresladi, a gene therapy for severe leukocyte adhesion deficiency-I (LAD-I), requesting additional Chemistry Manufacturing and Controls (CMC) information. Despite positive Phase 1/2 study results, Rocket Pharmaceuticals' stock (NASDAQ:RCKT) fell by 9.01% following the news.

Portfolio Pulse from Vandana Singh

June 28, 2024 | 1:52 pm

BUD

TLRY

Tilray Brands (NASDAQ:TLRY) has been valued at $2 billion and is seen as having a $10 billion market opportunity. Analyst Pablo Zuanic has initiated coverage with a 'Neutral' rating, citing potential in global markets and U.S. federal legalization. Tilray's diversified portfolio includes beverages and wellness products, and it has invested in the U.S. market through debt holdings in MedMen. The company recently announced a $250 million equity offering to support its U.S. strategy. Despite challenges in the Canadian market, Tilray's international operations and strategic focus could significantly increase its market valuation.

Portfolio Pulse from Nicolás Jose Rodriguez

June 28, 2024 | 1:50 pm