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CORZ

NVDA

Core Scientific Inc. (NASDAQ:CORZ) has announced a 12-year partnership with CoreWeave, backed by Nvidia Corp. (NASDAQ:NVDA), to provide infrastructure for AI use cases, expected to generate over $3.5 billion in revenue. This move follows a trend among Bitcoin miners to diversify into AI services following the Bitcoin halving event in April.

Portfolio Pulse from Aniket Verma

June 04, 2024 | 5:14 am

AIXI

Xiao-I announces its expansion into the B2C market with the launch of three AI-powered products: TOTD, DIF, and Hearview. TOTD offers virtual try-ons for fashion, DIF provides market analysis for individual investors, and Hearview converts speech to text for the deaf.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:12 am

BRK.A

BTCUSD

Edward Snowden highlighted the advantages of Bitcoin in response to a NYSE trading glitch that caused a significant drop in Berkshire Hathaway shares. He suggested that blockchain-based assets like Bitcoin are less prone to such disruptions.

Portfolio Pulse from Aniket Verma

June 04, 2024 | 2:49 am

AVGO

INTC

MRVL

NVDA

QCOM

TSM

China's Semiconductor Manufacturing International Corp. (SMIC) is ramping up chip production using domestic tools to counteract U.S. export restrictions. This move is part of China's broader strategy to reduce reliance on American technology. Despite U.S. export controls, companies like Intel, Broadcom, Qualcomm, and Marvell Technology have reported higher revenues from China. Nvidia and Intel have created modified AI chips for China to comply with U.S. regulations.

Portfolio Pulse from Ananya Gairola

June 04, 2024 | 2:39 am

RIG

Shares of Transocean LTD (NYSE:RIG) traded lower on Monday following an OPEC+ decision to extend deep oil output cuts until 2025. The decision aims to address concerns over tepid demand growth, high interest rates, and rising U.S. production. Brent crude oil prices have remained below budgetary requirements for many OPEC+ members, trading near $80 per barrel. Transocean shares closed Monday down 7.9% at $5.73.

Portfolio Pulse from Vaishali Prayag

June 03, 2024 | 10:12 pm

MRIN

Marin Software has announced enhancements to its Amazon integration, including Sponsored TV, non-endemic advertising, and global access to the Demand-Side Platform (DSP). This update allows brands not selling on Amazon to engage with the Amazon audience more effectively.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 9:11 pm

GOOG

GOOGL

META

Meta Platform Inc.'s Instagram is testing a new 'ad breaks' feature that forces users to watch ads before continuing to scroll. This move aims to drive value for advertisers and follows similar trends seen on platforms like YouTube.

Portfolio Pulse from Franca Quarneti

June 03, 2024 | 9:06 pm

FANG

Diamondback Energy's joint venture, Deep Blue, has acquired Lagoon Operating – Midland, LLC to enhance its sustainable water management capabilities in the Midland Basin. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:51 pm

FGEN

REGN

FibroGen Inc (NASDAQ:FGEN) shares surged in after-hours trading following the FDA's clearance of its Investigational New Drug (IND) for FG-3165 and a new clinical trial supply agreement with Regeneron Pharmaceuticals (NASDAQ:REGN). FG-3165 is a galectin-9 targeted monoclonal antibody for treating solid tumors. Phase 1 trials are set to begin in the second half of 2024.

Portfolio Pulse from Adam Eckert

June 03, 2024 | 8:48 pm

SHFS

Safe Harbor Financial Services Inc. (NASDAQ:SHFS) is revolutionizing the cannabis banking industry with its 'Lead with Lending' strategy, resulting in a 245% increase in net income for Q1. The company is focusing on expanding its credit programs and developing new payment solutions, while also preparing for potential changes in cannabis regulation.

Portfolio Pulse from Patricio Liddle

June 03, 2024 | 8:24 pm