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AMD

ARM

INTC

NVDA

QCOM

TSM

The CEOs of major U.S. chip companies, including Nvidia, AMD, Intel, Qualcomm, and Arm, will gather at Taiwan's Computex event to discuss the future of AI. The event highlights Taiwan's growing importance in the global tech industry, particularly in AI hardware and semiconductors.

Portfolio Pulse from Ananya Gairola

May 31, 2024 | 1:41 am

GBTC

HOOD

Cryptocurrency markets traded mostly sideways on Thursday, with Bitcoin showing slight gains while Ethereum and Dogecoin disappointed. Notable developments include Elon Musk advising Donald Trump on crypto policy and IBIT overtaking GBTC as the biggest Bitcoin ETF. Technical analysts highlight key resistance and support levels for Bitcoin.

Portfolio Pulse from Ivan Crnogatić

May 30, 2024 | 10:01 pm

RDFN

Home sellers are slashing prices at the fastest rate in nearly two years due to high mortgage rates. Redfin Corp (NASDAQ:RDFN) reported a decline in median asking prices and an increase in the percentage of price cuts. The housing market faces challenges as mortgage rates remain high, impacting home sales and purchase applications.

Portfolio Pulse from Chris Katje

May 30, 2024 | 9:55 pm

ALK

Alaska Airlines has purchased a 19-acre property from Unico Properties for $85.75 million, which includes a 600,000-square-foot facility. The airline plans to invest an additional $100 million to renovate the space and open a new training hub in 2025.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:51 pm

WBD

Warner Bros. Discovery Inc.'s (NASDAQ:WBD) Avalanche Software announced a major update for Hogwarts Legacy, set for release on June 6. The update includes new features such as a photo mode, a new quest, and the ability to reset Talent Points. The game, which has sold 22 million copies in 2023, will now offer previously PlayStation-exclusive content to other platforms.

Portfolio Pulse from Franca Quarneti

May 30, 2024 | 9:43 pm

VNDA

Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) has gained ownership of the U.S. New Drug Application and Investigational New Drug Applications for PONVORY® (ponesimod) from a Johnson & Johnson Company, allowing Vanda to fully commercialize the drug in the U.S.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:07 pm

SMMT

Summit Therapeutics shares are trading lower after hours despite closing up over 270% on positive cancer data.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:05 pm

JOBY

Joby Aviation announced it will host a virtual presentation on June 20, 2024, to discuss its preparations for commercial service.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:03 pm

CSTL

Castle Biosciences (NASDAQ:CSTL) will present new data on its DecisionDx-Melanoma and DecisionDx-UM tests at the 2024 ASCO Annual Meeting. The data highlights the use of DecisionDx-Melanoma to identify early-stage melanoma patients at high risk of CNS metastasis and the ongoing study of DecisionDx-UM for uveal melanoma.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:01 pm

BIIB

Biogen has received marketing authorization from the European Commission for QALSODY, a treatment for SOD1-ALS, a rare and fatal genetic form of ALS. This is Biogen's third rare disease therapy approved in the EU, highlighting their commitment to addressing high unmet medical needs.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:52 pm