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AMAT

AMD

NVDA

QQQ

SMCI

SPY

TSM

VRT

Nvidia reported strong Q1 earnings, surpassing consensus estimates and aligning with whisper numbers. The company announced a 10-for-1 stock split and highlighted future revenue from AI factories and sovereigns. Other AI-related stocks also saw positive movement. The Arora Report raised its long-term target for Nvidia and issued a new Buy Now rating.

Portfolio Pulse from The Arora Report

May 23, 2024 | 4:26 pm

TSLA

Elon Musk discussed the future impact of AI, suggesting that in a 'benign' scenario, AI could lead to widespread job displacement, necessitating a universal basic income. This could have significant implications for companies like Tesla (TSLA) that are heavily invested in AI technologies.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:25 pm

ONMD

OneMedNet Corp. (NASDAQ:ONMD) shares surged by 128% following the announcement of a significant expansion of its iRWD network and platform. The company has entered into new network partnership agreements, including one with a nation-wide medical records custodian, resulting in a network of 1,402 healthcare system and provider partner sites, 31 million patients, and 121.4 million clinical exams. This expansion represents substantial year-to-date growth in partner sites, patients, and clinical exams.

Portfolio Pulse from Erica Kollmann

May 23, 2024 | 4:25 pm

CYTO

Altamira Therapeutics shares are trading higher following the publication of highlights from its NASAR clinical trial with Bentrio nasal spray on the social media channels of the journal, 'Allergy.'

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:21 pm

CYTO

Altamira Therapeutics Ltd. (NASDAQ:CYTO) shares surged by 27.3% after the company announced positive results from its NASAR clinical trial for Bentrio nasal spray. The trial, which involved 100 patients, showed significant efficacy in reducing nasal symptoms. The results were shared on social media by the allergology journal 'Allergy,' leading to heavy trading volume.

Portfolio Pulse from Erica Kollmann

May 23, 2024 | 4:20 pm

MSFT

Microsoft is planning to integrate AI computing resources for a LinkedIn 'Copilot,' according to an internal document. This move aims to enhance LinkedIn's functionalities using AI technology.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:13 pm

AAPL

XIACY

Xiaomi Corp reported a 27% increase in Q1 revenue, driven by a 33.7% rise in global smartphone shipments. Despite a decline in operating profit, the company is diversifying into the EV market with ambitious goals for its SU7 model. Xiaomi's global smartphone shipments are narrowing the gap with Samsung and Apple.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 4:11 pm

AMD

ARM

KLAC

LRCX

WDC

JPMorgan's 52nd annual Global Technology, Media, and Communications Conference highlighted an optimistic outlook for the semiconductor industry, driven by cyclical improvements and AI demand. Companies like AMD, Micron, and Arm are expected to benefit from this upcycle, with strong demand for AI infrastructure and memory products.

Portfolio Pulse from Surbhi Jain

May 23, 2024 | 4:09 pm

TSLA

Elon Musk has stated that he supports the elimination of tariffs and tax credits for both electric vehicles and oil and gas vehicles. This stance could impact Tesla (TSLA) and other companies in the automotive sector.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:08 pm

BCYC

BNZI

CYTK

ELF

ONMD

TGI

U.S. stocks traded mixed with the Dow Jones falling over 250 points, while the NASDAQ and S&P 500 rose. Key sectors showed varied performance, with IT shares rising and real estate shares falling. Notable stock movements included significant gains for OneMedNet Corporation, Bicycle Therapeutics, and e.l.f. Beauty, while Banzai International, Cytokinetics, and Triumph Group saw declines. The S&P Global composite PMI surged in May, indicating economic growth.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 4:01 pm