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TSLA

Tesla is nearing a $740 million deal with SK Hynix for enterprise solid-state drives (eSSD) to enhance its AI server capabilities. This move aligns with industry trends towards eSSD for improved speed and efficiency. SK Hynix's strong financial performance is driven by rising demand for eSSD and high-bandwidth memory.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 6:56 pm

ETHUSD

SOLUSD

Solana's network reached a record high in economic value due to increased transaction fees and MEV tips, driven by meme coin popularity. This highlights Solana's growth in user engagement and transaction volume, surpassing Ethereum in these metrics.

Portfolio Pulse from Murtuza Merchant

October 25, 2024 | 6:51 pm

DRLL

XLE

XOM

Exxon Mobil's Golden Pass LNG plant received a three-year extension due to contractor bankruptcy, potentially boosting U.S. LNG supply. Exxon Mobil's stock is currently above its 200-day moving average, indicating a bullish trend.

Portfolio Pulse from Lekha Gupta

October 25, 2024 | 6:45 pm

AAPL

AMZN

DJT

Trump Media & Technology Group (NASDAQ:DJT) stock has surged due to the launch of the Truth+ app and Donald Trump's increasing chances in the 2024 presidential election. The stock rose 31% in five days and 175% in thirty days. Trump's appearance on Joe Rogan's podcast is expected to further influence the stock.

Portfolio Pulse from Anusuya Lahiri

October 25, 2024 | 6:36 pm

SAM

Boston Beer Company (NYSE:SAM) reported a slight increase in Q3 revenue and gross margin. Analysts see potential growth from Hard Mtn Dew and Twisted Tea, with price targets raised. Challenges remain, but new products show promise.

Portfolio Pulse from Nabaparna Bhattacharya

October 25, 2024 | 6:32 pm

MSFT

OpenAI has announced that it will not release a model called Orion this year, contradicting earlier reports. The Verge had reported that Orion would be launched by December, with Microsoft expected to gain early access. OpenAI plans to release other technologies instead.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 6:29 pm

AMZN

ARM

GOOGL

META

MRVL

MSFT

MU

NVDA

Bank of America analyst Vivek Arya highlights semiconductor and AI companies poised to benefit from a surge in hyperscale investments driven by major cloud service providers. Companies like NVIDIA, Micron, Marvell, and Arm are expected to capitalize on this growth, with cloud giants like Alphabet, Meta, Amazon, and Microsoft leading the charge.

Portfolio Pulse from Dylan Berman

October 25, 2024 | 6:23 pm

BLK

MSFT

MSTR

Michael Saylor humorously suggested to Microsoft CEO Satya Nadella that he could help with Microsoft's Bitcoin strategy, as the company considers a Bitcoin investment. MicroStrategy has outperformed Microsoft due to its Bitcoin holdings, and BlackRock has shown confidence in Bitcoin by offering a Bitcoin ETF.

Portfolio Pulse from Khyathi Dalal

October 25, 2024 | 6:04 pm

UPS

Analysts have mixed views on United Parcel Service (UPS) with recent ratings showing a positive shift in price targets. UPS faces challenges with a slight revenue decline but maintains strong financial metrics like net margin and ROE. The company is exploring strategic alternatives for its truck brokerage unit, Coyote.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 6:01 pm

LLY

REGN

SNY

Eli Lilly's Ebglyss, a newly FDA-approved eczema drug, shows promising results in improving skin and itch in patients previously treated with Sanofi/Regeneron's Dupixent. The Phase 3b ADapt study demonstrated significant improvements in patients with moderate-to-severe atopic dermatitis, with a high percentage achieving EASI-75 and itch relief. Ebglyss has been approved in the US, EU, and Japan.

Portfolio Pulse from Vandana Singh

October 25, 2024 | 5:57 pm