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MSFT

SONY

Sony Group Corp. (NYSE:SONY) is enhancing its Discord integration on the PS5, allowing users to join voice calls directly from the console. This update will be rolled out gradually over the next few weeks. Microsoft Corp. (NASDAQ:MSFT) had introduced similar Discord support for Xbox in 2022.

Portfolio Pulse from Franca Quarneti

June 13, 2024 | 6:14 pm

RBLX

WMT

Walmart has announced a collaboration with a Roblox creator to curate the No Boundaries outfits selection in July.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 6:12 pm

CMCSA

DIS

NFLX

PARA

Netflix is seeking a production partner for its upcoming Christmas NFL games, marking its first significant venture into live sports. The company has reached out to broadcasters like Disney's ESPN, Comcast's NBCUniversal, and Paramount Global's CBS Sports. Netflix aims to leverage these games to grow its advertising tier and potentially become a future long-term media rights partner for NFL games.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 6:09 pm

HMC

TM

Shares of Toyota and Honda are trading lower following a recent safety scandal impacting major Japanese automakers.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 6:07 pm

GOOG

GOOGL

Geoffrey Hinton, known as the 'Godfather of AI,' has issued a grave warning about the potential risks of artificial intelligence, predicting a 50-50 chance that AI could surpass human intelligence and potentially 'wipe out' humanity within 5 to 20 years. Hinton, a former Alphabet employee, emphasizes the need for government regulation to control AI development and prevent existential threats.

Portfolio Pulse from Chris Katje

June 13, 2024 | 6:00 pm

WMT

Walmart has announced the launch of its latest private brand, No Boundaries, aimed at providing affordable and trendy fashion options. This move is part of Walmart's strategy to expand its private label offerings and attract more customers.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:40 pm

PKW

TMUS

UBER

XLC

T-Mobile US, Inc. (NASDAQ:TMUS) has secured a $2.67 billion Spiral 4 contract with the U.S. Department of Defense for wireless solutions and an exclusive partnership with Uber Technologies, Inc. (NYSE:UBER) for rideshare advertising. These developments are expected to enhance T-Mobile's market position and 5G leadership.

Portfolio Pulse from Lekha Gupta

June 13, 2024 | 5:23 pm

AVGO

Broadcom Inc (NASDAQ:AVGO) shares surged after reporting strong Q2 results, with analysts from BofA Securities and Goldman Sachs raising their price targets. The company reported a 4% beat on quarterly sales, raised its full-year sales outlook by $1 billion, and announced a 10:1 stock split. Analysts highlighted Broadcom's strong position in AI and VMware upsell as key growth drivers.

Portfolio Pulse from Priya Nigam

June 13, 2024 | 5:22 pm

AAPL

AMD

AVGO

META

MSFT

NVDA

VTI

XLK

Microsoft is heavily investing in AI, partnering with OpenAI and diversifying its AI investments. CEO Satya Nadella has recruited Mustafa Suleyman to lead an in-house AI team, potentially competing with OpenAI. Microsoft remains a top contender in the race to a $4 trillion market cap, alongside Apple and Nvidia. The company's stock has gained over 32% in the last 12 months, and analysts maintain it as a top candidate for public cloud leadership by 2032.

Portfolio Pulse from Anusuya Lahiri

June 13, 2024 | 5:21 pm

GOOGL

SNOW

Databricks has open-sourced its Unity Catalog platform, which may impact Snowflake Inc. (NYSE:SNOW) as it recently introduced its own open catalog implementation, Polaris Catalog. Snowflake is also facing scrutiny due to data violations and a threat campaign identified by Alphabet Inc.'s (NASDAQ:GOOG, NASDAQ:GOOGL) cybersecurity subsidiary, Mandiant. Snowflake stock is trading lower by 2.23% at $127.43.

Portfolio Pulse from Anusuya Lahiri

June 13, 2024 | 5:15 pm