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AAPL

Gene Munster from Deepwater Asset Management believes Apple Inc. (NASDAQ: AAPL) has a significant opportunity to revolutionize AI engagement through a major overhaul of its virtual assistant, Siri. Munster anticipates a successful rollout could solidify Apple's leadership in AI, especially with a potential partnership with OpenAI. He expects a new chip architecture in 2025 to enhance AI capabilities on iPhones. Munster cautions investors about trading around Apple's Worldwide Developers Conference, where a revamped Siri is expected to be a highlight.

Portfolio Pulse from Adam Eckert

June 04, 2024 | 6:48 pm

ACI

UBER

Uber Technologies, Inc. (NYSE:UBER) and Albertsons Companies (NYSE:ACI) announced a joint initiative to combat food insecurity and reduce food waste. The program, part of the 2024 White House Challenge to End Hunger and Build Healthy Communities, will use Uber Direct to deliver surplus food from Albertsons stores to local non-profits and food banks. Initially launched in Washington D.C., the program will expand to Boston, Chicago, and Denver.

Portfolio Pulse from Dylan Berman

June 04, 2024 | 6:37 pm

SCHH

VNQ

XLRE

The article discusses the current state of the U.S. rental market, highlighting that median rent prices are high, with many renters paying over 30% of their income on rent. While some cities in California are seeing a decline in rental rates, major cities like New York remain unaffordable. The national vacancy rate is at 6.6%, which could pressure landlords to lower rents if it increases. The article also mentions that the largest real estate ETFs are VNQ, SCHH, and XLRE.

Portfolio Pulse from Natan Ponieman

June 04, 2024 | 6:35 pm

ANNX

DBI

MLGO

NDRA

SOBR

U.S. stocks turned higher with the Dow Jones gaining around 200 points. Designer Brands Inc (NYSE:DBI) shares plunged over 22% following disappointing Q1 earnings. MicroAlgo Inc (NASDAQ:MLGO) shares surged 558% after announcing a new research center. Sobr Safe Inc (NASDAQ:SOBR) shares rose 96% due to new device purchases. Annexon, Inc. (NASDAQ:ANNX) shares increased 28% after positive Phase 3 trial results. ENDRA Life Sciences Inc (NASDAQ:NDRA) shares dropped 64% following a public offering announcement. Equillium Inc (NASDAQ:EQ) shares fell 24% after Phase 2 study results.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 6:32 pm

FGEN

REGN

FibroGen Inc (NASDAQ:FGEN) announced that the FDA cleared its Investigational New Drug (IND) of FG-3165, allowing the company to initiate a Phase 1 clinical trial. Additionally, FibroGen entered into a clinical trial supply agreement with Regeneron Pharmaceuticals Inc (NASDAQ:REGN) to evaluate FG-3165 and FG-3175 with Regeneron's anti-PD-1 therapy LIBTAYO in patients with solid tumors. Despite an initial 14% rise, FibroGen shares were down 1.63% at $1.21 at the time of publication.

Portfolio Pulse from Adam Eckert

June 04, 2024 | 6:27 pm

DOGEUSD

OPUSD

PEPEUSD

Pseudonymous trader Crash revealed a million-dollar profit from leveraged trades on cryptocurrencies, including Dogecoin (DOGE), Pepe (PEPE), Big Time (BIGTIME), and Kaspa (KAS), while also reporting a loss on Optimism (OP). He cautioned against leverage trading due to its high risks and potential for significant losses.

Portfolio Pulse from Khyathi Dalal

June 04, 2024 | 6:26 pm

AMD

ARM

INTC

NVDA

Mizuho analyst Vijay Rakesh has boosted estimates for Nvidia (NVDA) following a Taiwan event, citing substantial opportunities with its Hopper platform and upcoming products. Rakesh also highlighted potential catalysts for Arm Holdings (ARM) and Micron Technology (MU), and reiterated Buy ratings for Advanced Micro Devices (AMD) and Intel Corp (INTC).

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 6:24 pm

COIN

Coinbase Global Inc. (NASDAQ:COIN) shares are surging, coinciding with a rise in Bitcoin prices. Bitcoin has climbed approximately 2% in the past 24 hours and is up more than 4.25% over the past week. The positive momentum in crypto markets is driving buying interest in crypto-related stocks like Coinbase, which was up about 6%. Bitcoin spot ETFs have also seen significant inflows, contributing to the bullish sentiment.

Portfolio Pulse from Vaishali Prayag

June 04, 2024 | 6:19 pm

NVDA

TSLA

Elon Musk announced that Tesla will spend roughly $10 billion on AI-related expenditures this year, with about half of it being internal costs. He also mentioned that Tesla's purchases of Nvidia hardware for AI training superclusters will be between $3 billion to $4 billion.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:17 pm

CSCO

Cisco Systems Inc (NASDAQ:CSCO) shares are rising as Cisco Investments launches a $1 billion AI investment fund to support startups and enhance secure AI solutions. The fund has already allocated nearly $200 million, with further investments planned. Cisco aims to leverage AI to enhance its products and services, aligning with its long-standing innovation strategy.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 6:16 pm