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FCX

Freeport-McMoRan (NYSE:FCX) has appointed Kathleen Quirk as its new CEO, who plans to ramp up copper production to meet growing global demand. Despite challenges like labor shortages and higher costs, Quirk is optimistic about leveraging technology to extract copper from waste rock, aiming to generate 800 million pounds of copper annually over the next three to five years.

Portfolio Pulse from Stjepan Kalinic

June 12, 2024 | 3:01 pm

AMD

NVDA

NXPI

SMH

SOXX

TSM

Nvidia (NVDA) and AMD (AMD) stocks are trading higher due to the ongoing AI frenzy and potential U.S. semiconductor technology embargo on Russia. Nvidia's supplier TSMC (TSM) is hiring in Europe and planning a new fab in Dresden. Investors can also gain exposure through ETFs like SMH and SOXX.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 2:59 pm

AMZN

BTCUSD

CORZ

GOOGL

META

MSFT

Analyst Juan Leon from Bitwise predicts that AI and cryptocurrency could contribute $20 trillion to the global economy by 2030. Major cloud companies like Amazon, Google, Meta, and Microsoft are expected to spend $200 billion on data centers by 2025 to meet AI demand. Bitcoin miners are stepping in to fill the data processing gap, with CoreWeave offering to acquire Core Scientific for $1.6 billion.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 2:52 pm

CDNS

Cadence and Samsung Foundry are collaborating to accelerate the design of AI and 3D-IC semiconductors. Cadence's digital and analog tools are optimized for advanced node SF2 GAA, enhancing quality and speeding up circuit process node migration. Their 3D-IC technology supports Samsung Foundry's multi-die integration, facilitating the design and assembly of stacked chiplets. Cadence's IP portfolio and tools aim to help customers achieve first-pass silicon success and faster time to market.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 2:46 pm

GSK

NVAX

NVS

SNY

SPY

The World Health Organization (WHO) has stated that it continues to assess the risk to public health from the H5N1 virus as low.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 2:40 pm

ABBV

AbbVie executive announced that the company will continue to pursue deals in the immunology sector.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 2:24 pm

AAPL

MSFT

Samsung has merged its North American AI research centers and appointed former Apple executive Murat Akbacak to lead the new division. This move highlights the increasing focus on AI by major tech companies like Samsung and Apple.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 2:22 pm

GOOG

GOOGL

A Google engineer criticized OpenAI for hindering AGI research progress by 5-10 years, citing the hype around LLMs and a reduction in open research publishing. This criticism comes amid efforts to refocus on frontier AGI research through initiatives like the ARC-AGI Prize.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 2:22 pm

AAPL

MSFT

NVDA

Apple's AI strategy unveiled at WWDC 2024 has excited analysts, predicting a significant upgrade cycle for 270 million iPhones and a new AI App Store. Analysts believe Apple, Nvidia, and Microsoft are leading the race to a $4 trillion market cap.

Portfolio Pulse from Rounak Jain

June 12, 2024 | 2:20 pm

ABBV

Abbvie executive announced that the company expects a decline in Humira revenue in 2025.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 2:17 pm