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NVDA

Nvidia's correlation to the S&P 500 index has significantly dropped from 0.95 to 0.3, indicating a divergence from the broader market. This observation was made by Liz Ann Sonders, chief investment strategist at Charles Schwab, during a CNBC segment. Nvidia's CEO, Jensen Huang, emphasized the company's role in AI infrastructure at Computex 2024, and Goldman Sachs reiterated a Buy rating with a $1,200 price target.

Portfolio Pulse from Benzinga Neuro

June 04, 2024 | 9:50 am

MSFT

NVDA

Reports across social media indicate that ChatGPT is down for many users. This outage could impact companies like Microsoft (MSFT) and NVIDIA (NVDA) that are associated with AI technologies.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:09 am

CMBM

Cambium Networks has announced a partnership with Nonius, a provider of digital technology solutions for the hospitality industry. This collaboration aims to enhance connectivity and digital services in hotels and other hospitality venues.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:05 am

JG

Aurora Mobile has announced the addition of a new data center in Hong Kong. This expansion aims to enhance the company's data processing capabilities and support its growing customer base in the region.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:03 am

HTZ

SAVE

Spirit Airlines CFO Scott Haralson will join Hertz Global Holdings as the new finance chief, aiming to lead cost-cutting efforts. Spirit Airlines appoints Brian McMenamy as interim CFO. Hertz faces significant financial challenges, including a higher-than-expected Q1 loss and plans to remove 30,000 electric vehicles from its fleet.

Portfolio Pulse from Anan Ashraf

June 04, 2024 | 8:45 am

BA

EADSY

Airbus SE is in talks to sell over 100 A330Neo jets to China, highlighting a growing contrast with Boeing Co. in the Chinese aviation market amid geopolitical tensions. This potential sale could significantly impact the competitive landscape, especially as Boeing faces delivery delays.

Portfolio Pulse from Benzinga Neuro

June 04, 2024 | 8:28 am

MLGO

WIMI

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) and MicroAlgo (NASDAQ:MLGO) are collaborating to establish a micro-consciousness quantum research center. This center will integrate multiple disciplines to explore the relationship between consciousness and quantum theory using advanced AI technology.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:09 am

ALV

Autoliv China, a division of Autoliv, Inc. (NYSE:ALV), and XPENG AEROHT have signed a strategic cooperation agreement to develop safety solutions for flying cars. This partnership aims to pioneer safety innovations in the emerging field of future mobility.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:34 am

BBWI

DCI

GME

HPE

NVDA

Investor sentiment showed some improvement but remained neutral as the Dow fell over 100 points due to weak U.S. manufacturing data. NVIDIA and GameStop saw significant gains, while most sectors on the S&P 500 closed negatively. Investors are awaiting earnings results from Donaldson Company, Bath & Body Works, and Hewlett Packard Enterprise.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 7:23 am

NVDA

SNOW

Snowflake and NVIDIA have announced a partnership to revolutionize enterprise AI by combining their leading AI-powered applications, models, and hardware. This collaboration aims to help businesses implement AI solutions more efficiently and effectively.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:18 am