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AMD

AVGO

NVDA

SMH

SOXX

The U.S. semiconductor industry has reached a $5.5 trillion market cap, driven by AI chip demand. Nvidia leads with a $3 trillion valuation, followed by Broadcom. ETFs like SMH and SOXX have also seen significant gains. Despite potential headwinds, analysts remain bullish on chip stocks.

Portfolio Pulse from Piero Cingari

June 06, 2024 | 6:28 pm

SONY

Sony Group Corp. (NYSE:SONY) has removed the '8K' tag from PlayStation 5 (PS5) boxes, indicating a shift away from promoting 8K gaming. The new packaging highlights features like 4K/120 fps and HDR. This change reflects the minimal support for 8K titles and the slow market adoption of 8K TVs.

Portfolio Pulse from Franca Quarneti

June 06, 2024 | 6:27 pm

NFLX

Netflix Inc. (NASDAQ:NFLX) is seeing success with its interactive games based on hit reality shows, contributing to its growth strategy. The company added 9.33 million global paid subscribers in Q1 and continues to innovate with new verticals like video games. Interactive fiction games based on reality series such as 'Selling Sunset,' 'Perfect Match,' and 'The Ultimatum' are particularly popular.

Portfolio Pulse from Chris Katje

June 06, 2024 | 6:26 pm

DLTR

Dollar Tree, Inc. (NASDAQ:DLTR) shares are trading marginally lower following mixed Q1 results and a strategic review of Family Dollar. Analysts have lowered their price forecasts, citing challenges and potential strategic alternatives for Family Dollar.

Portfolio Pulse from Nabaparna Bhattacharya

June 06, 2024 | 6:24 pm

CVAC

MRNA

NVAX

The first human death from a new bird flu strain (H5N2) in Mexico has caused a surge in vaccine stocks. Moderna, CureVac, and Novavax have seen significant stock price increases due to heightened demand for vaccines. Analysts attribute the volatility to retail trading based on headlines rather than profit potential.

Portfolio Pulse from Natan Ponieman

June 06, 2024 | 6:21 pm

GME

HOOD

ILMN

LULU

MSFT

NVDA

SPY

Wall Street saw a quiet trading day as investors await the May jobs report. Nvidia fell 3% due to an antitrust investigation. The U.S. Justice Department and FTC are investigating Microsoft, OpenAI, and Nvidia for their roles in AI. Initial jobless claims rose, and first-quarter labor costs were revised lower, increasing expectations of a Fed rate cut. Commodities strengthened, with crude oil rising to $75 a barrel. Major indices traded within tight ranges, with notable stock movements including Illumina, Lululemon, Smartsheet, and GameStop.

Portfolio Pulse from Piero Cingari

June 06, 2024 | 6:08 pm

The FDA has rescinded the marketing denial orders (MDOs) issued to JUUL Labs Inc., returning the applications to pending status. This decision follows new case law and additional information provided by JUUL. The FDA continues its review of JUUL's applications, which must be authorized to be legally marketed. The rescission comes after the FDA's updated understanding of e-cigarette products and recent litigation outcomes. JUUL, which owns 41% of the $21.63 billion e-cigarette market, had faced a potential ban and financial difficulties.

Portfolio Pulse from Vandana Singh

June 06, 2024 | 6:08 pm

LULU

Lululemon Athletica Inc (NASDAQ:LULU) reported strong Q1 results, leading analysts to adjust their forecasts. BofA Securities, Wedbush, J.P. Morgan, and Telsey Advisory Group all reiterated their positive ratings, with price targets ranging from $400 to $470. Analysts highlighted LULU's innovation pipeline, international growth, and potential in the men's market.

Portfolio Pulse from Shivani Kumaresan

June 06, 2024 | 6:07 pm

AAPL

NVDA

Nvidia has overtaken Apple to become the second most valuable public U.S. company with a market cap of $3.01 trillion. Nvidia's stock has surged 2800% in five years, driven by its dominance in the AI chip market. Apple has faced declining iPhone sales. Nvidia plans a 10-1 stock split on June 10.

Portfolio Pulse from Zaheer Anwari

June 06, 2024 | 5:55 pm

AUUD

Auddia has received issuance for its patent application US20240185878A1, which focuses on identifying shifts in audio content via machine learning.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 5:49 pm