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ASST

Asset Entities announced on X that they will be launching a new initiative called WebAi, which they describe as a web (Ř)evolution distinct from Web3. The announcement is set for 6am on June 6th.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:45 pm

COIN

Coinbase (NASDAQ:COIN) has launched smart wallets to simplify the crypto onboarding process, eliminate gas fees, and enhance user experience. The new feature aims to attract more users to decentralized applications and Web3 functionalities.

Portfolio Pulse from Murtuza Merchant

June 05, 2024 | 6:41 pm

BTCUSD

DOGEUSD

Cryptocurrency analyst Zer0 suggests that Dogecoin (DOGE) tends to rally during Bitcoin (BTC) price discovery phases, based on historical data. DOGE is currently down 77% from its May 2021 all-time high. The analysis indicates potential investment strategies for future Bitcoin price discovery phases.

Portfolio Pulse from Khyathi Dalal

June 05, 2024 | 6:34 pm

FXI

USO

VGK

Russian President Vladimir Putin highlighted the strong prospects for high-tech cooperation between Russia and China, praised China's economic model, and criticized the USA for attempting to hinder China's economic development. Additionally, Putin noted the positive development of Russia-Iran relations and expressed a desire for increased high-tech collaboration with Iran.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:34 pm

TSLA

WKSP

General Motors (GM) and Ford Motor (F) are showing strong electric vehicle (EV) sales, defying the broader EV market slowdown. GM reported its best-ever EV sales month in May, driven by models like the Cadillac Lyriq and Chevrolet Silverado EV. Ford also reported an 88% surge in EV sales for the first five months of the year, with significant growth in models like the electric F-150 and Mach-E. Worksport Ltd. (WKSP) is set to release a solar-powered tonneau cover for popular pickup trucks, projecting robust revenue growth. Despite the positive sales, both GM and Ford are cautious about their EV transition timelines.

Portfolio Pulse from Upwallstreet

June 05, 2024 | 6:33 pm

ASNS

Actelis Networks, Inc. (NASDAQ:ASNS) shares surged 700% following new orders for its cyber-hardened technology to be deployed at three U.S. military bases. The company achieved critical government security certifications and aims to modernize military bases with its networking solutions.

Portfolio Pulse from Vaishali Prayag

June 05, 2024 | 6:25 pm

SLF

Sun Life U.S. has expanded its partnership with Goodpath to offer virtual whole-person care, including unlimited therapy sessions, to employer clients. This initiative aims to support employees' mental and physical health, potentially reducing absences and extended leave.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:21 pm

AMD

ARM

INTC

NVDA

SPRX

TRFK

TSM

AMD stock saw a rebound on Wednesday following a sector selloff, driven by reports of TSMC's price hikes and AMD's expanding partnership with Samsung for 3-nanometer chip technology. Analysts highlighted AMD's strong pipeline and increasing market share in the server CPU and AI markets. AMD's stock has gained 36% over the past year, and investors can gain exposure through ETFs like SPRX and TRFK.

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 6:17 pm

INTC

NVDA

QCOM

TSLA

TSM

Qualcomm shares are rising, potentially in sympathy with Nvidia's strength amid continued AI momentum. Nvidia announced increased investments in Taiwan, a new supercomputer, and potential partnerships with Intel and Samsung for chip supply. Tesla plans significant hardware purchases from Nvidia.

Portfolio Pulse from Vaishali Prayag

June 05, 2024 | 6:15 pm

MRNA

Moderna shares are trading higher after the company announced that its COVID-19 vaccine for the JN.1 variant neutralizes newer strains. Additionally, the FDA will vote on vaccine recommendations for 2024-2025.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:07 pm