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AMD

FEPI

MSFT

NVDA

RVER

AMD CEO Lisa Su highlighted the company's progress towards improving data center power efficiency, aiming for a 30x increase by 2025 and potentially 100x by 2026-2027. AMD's advancements in AI-specific architectures and hardware-software co-design are crucial in addressing AI's power consumption issues. Microsoft is considering integrating AMD's MI300X AI chips into Azure, and AMD has gained market share in the x86 processor market. AMD stock has gained over 48% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

May 24, 2024 | 2:25 pm

GOOG

GOOGL

IXP

META

MSFT

NVDA

VOX

Meta Platforms Inc (NASDAQ:META) is considering a paid version of its AI assistant, Meta AI. This move aligns with competitors like Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG, GOOGL), who charge for advanced AI features. Meta's AI initiatives include a custom AI chip to reduce dependence on Nvidia (NASDAQ:NVDA). Analysts see Meta as undervalued due to its AI and ad potential. Meta's stock has risen 87% in the last year.

Portfolio Pulse from Anusuya Lahiri

May 24, 2024 | 2:21 pm

GOOGL

Google's early adoption of AI technology has significantly boosted its stock performance, with a 96% rise in 2023 and a recent breakout above $151, signaling a potential long-term bullish trend. The company's integration of AI into core products and advertising platforms has been a key driver of this growth.

Portfolio Pulse from Zaheer Anwari

May 24, 2024 | 2:17 pm

NVDA

SNOW

Snowflake Inc (NYSE:SNOW) missed Q1 profit expectations but surpassed revenue estimates due to strong AI product demand. The company raised its product revenue guidance for fiscal 2025 and expects Q2 product revenue to exceed Wall Street estimates. Snowflake is also expanding its collaboration with Nvidia (NASDAQ:NVDA) and plans to acquire technology assets from TruEra.

Portfolio Pulse from Upwallstreet

May 24, 2024 | 2:09 pm

EADSY

JBLU

REE

Airbus SE is showcasing its Optimate demonstrator vehicle at VivaTech to enhance airport safety through automated taxiing. The project aims to reduce ground collision risks and improve flight safety. The initiative involves collaboration with Ree Automotive Ltd and highlights the potential for automation in maneuvering large jets safely through crowded airports.

Portfolio Pulse from Shivani Kumaresan

May 24, 2024 | 2:06 pm

APLS

Apellis Pharmaceuticals and Sobi announced positive one-year results from the Phase 2 NOBLE study of Pegcetacoplan for post-transplant recurrence of C3 Glomerulopathy (C3G) and IC-MPGN. The study showed sustained reduction in disease activity and significant clearance of C3c deposits. These results were presented at the European Renal Association Congress.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 2:01 pm

BTC-USD

DOGE-USD

ETH-USD

FLOKI-USD

SHIB-USD

The iconic Japanese dog that inspired Dogecoin, Floki, and Shiba Inu has passed away at 18, causing a tumble in these cryptocurrencies. Janet Yellen acknowledges the rising cost of living amid persistent inflation. Bitcoin spot ETFs record $108M inflows, while Ethereum ETF potential remains uncertain. Ethereum is set for a 60% rally following ETF approval, according to an expert.

Portfolio Pulse from Akanksha Bakshi

May 24, 2024 | 1:54 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has addressed a rare bug in iOS 17.5 that caused deleted photos to reappear on iPhones. The issue was due to database corruption and was not related to iCloud Photos. Apple released iOS 17.5.1 to fix the problem, which affected only a small number of users.

Portfolio Pulse from Rounak Jain

May 24, 2024 | 1:43 pm

AKAN

BTTR

GNLX

NCPL

SNSE

VSTM

U.S. stocks traded higher with the Dow Jones gaining 50 points. Durable goods orders increased by 0.7% in April, surpassing expectations. Akanda Corp., Netcapital Inc., and Better Choice Company Inc. saw significant stock price increases, while Verastem, Inc., Sensei Biotherapeutics, Inc., and Genelux Corporation experienced notable declines.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 1:43 pm

GOOG

GOOGL

Google has announced that an internal tool, which was deprecated, triggered an incident. The company has addressed the issue and is taking steps to prevent future occurrences.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:40 pm