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NVDA

TSLA

Elon Musk redirected thousands of Nvidia chips initially reserved for Tesla to X and xAI due to a lack of facilities to activate them. This decision could delay Tesla's autonomous vehicle and robotics development.

Portfolio Pulse from Ananya Gairola

June 05, 2024 | 1:53 am

ACN

IYW

MSFT

XLK

Microsoft is investing in Touchcast Inc., a startup that enhances AI deployment by caching generative AI queries. This investment aims to reduce computational and energy requirements for AI models like OpenAI's GPT-4. Touchcast's valuation is expected to reach at least $350 million after the new funding. The collaboration will deploy cognitive caching technology across Microsoft's Azure data centers, reducing costs for Azure OpenAI tools.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 11:16 pm

MEOH

Methanex's Egypt methanol production facility was temporarily idled due to lower gas supply and increased seasonal demand for power generation. The company is working with its partner and gas supplier to resume gas supply.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:12 pm

DDD

3D Systems Corporation (NYSE:DDD) shares are trading higher after the company received a multi-year purchase agreement valued at around $250 million through 2028. The agreement supports the indirect manufacturing process for clear aligners. Additionally, 3D Systems is expanding its focus on digital dentistry solutions and plans to launch direct printing technology for clear aligners by late 2025. Analysts have an average 1-year price target of $8.25 for the stock, representing a potential upside of 138.44%.

Portfolio Pulse from Erica Kollmann

June 04, 2024 | 9:10 pm

AAPL

Wedbush analyst Dan Ives considers the upcoming WWDC 2024 as a pivotal event for Apple, Inc. (NASDAQ:AAPL), expecting significant AI-related announcements, including a partnership with OpenAI and the introduction of an AI App Store. These developments are anticipated to drive Apple's next growth cycle, particularly in its Services segment. Ives also predicts the iPhone 16 will feature new AI capabilities, potentially leading to a major upgrade cycle.

Portfolio Pulse from Erica Kollmann

June 04, 2024 | 8:52 pm

USO

XLE

Oil prices have dropped for the fifth consecutive session, hitting a four-month low due to economic growth concerns and a 'bearish' OPEC+ meeting. The United States Oil Fund (NYSE:USO) and the Energy Select Sector SPDR Fund (NYSE:XLE) have been impacted, with USO closing at $73.32 and XLE falling 1% on Tuesday.

Portfolio Pulse from Piero Cingari

June 04, 2024 | 8:49 pm

T

Recent options trades on AT&T (NYSE:T) show a bearish sentiment among large investors, with 66% of trades being bearish. Significant options trades include both puts and calls, with a focus on a price range between $10.0 and $30.0. The trading volume for AT&T is high, and the stock price has increased by 1.67% to $18.31.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 8:45 pm

JNJ

Johnson & Johnson has submitted a supplemental New Drug Application (NDA) to the U.S. FDA to expand the pediatric indication for its HIV-1 therapy, PREZCOBIX.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:34 pm

GEF

Greif has announced an increase in the price of uncoated recycled paperboard from $50 to $70 per short ton.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:32 pm

ASNS

Actelis Networks shares are trading higher following the announcement of orders for their cyber-hardened networking technology to be deployed at three US military bases.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:31 pm