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AAPL

TSM

Apple's COO Jeff Williams secretly visited TSMC in Taiwan to secure the first batch of 2nm chips, which could significantly boost TSMC's revenue. The chips are expected to be used in Apple's products, potentially starting with the iPhone 17 Pro in late 2025.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 2:08 pm

TGT

Target shares are trading lower after the company announced it will lower prices on approximately 5,000 items.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 2:08 pm

AAPL

Apple Inc (NASDAQ:AAPL) is set to unveil the iPhone 16 at their September event, featuring significant advancements in battery technology. The iPhone 16 Pro Max will have a higher energy density battery and a stainless-steel battery case for better heat dissipation. Apple's stock is currently in a consolidation phase, fluctuating between $164 and $200, with historical growth of 48% in 2023 and 800% over the past decade.

Portfolio Pulse from Zaheer Anwari

May 20, 2024 | 2:04 pm

COIN

Jim Bianco, founder of Bianco Research, criticizes the recent popularity of spot Bitcoin ETFs, suggesting they may hinder the growth of a decentralized financial system. He highlights that only 3% of these ETFs are held by investment advisors, with the majority held by retail investors, indicating a lack of institutional interest. Bianco also warns that these ETFs could cannibalize on-chain volume, as evidenced by Coinbase's Q1 earnings report.

Portfolio Pulse from Murtuza Merchant

May 20, 2024 | 2:03 pm

GOOGL

VOX

XLC

Google, owned by Alphabet Inc (NASDAQ:GOOGL), is investing an additional $1.1 billion to expand its data center in Finland, aiming to bolster its AI business in Europe. This move underscores Google's commitment to enhancing its technological infrastructure and AI capabilities in the region. The investment aligns with Finland's renewable energy capabilities and Google's sustainability goals.

Portfolio Pulse from Shivani Kumaresan

May 20, 2024 | 1:58 pm

BONKUSD

DOGEUSD

PACUSD

PEPEUSD

Crypto trader Altcoin Sherpa predicts significant upside for meme coins, particularly TRUMP, BODEN, and DOGE, driven by the upcoming U.S. election. He is also bullish on NPC, FOXY, PUFF, and PEPE, and sees potential in PAC and BONK. Sherpa advises careful investment based on solid theses.

Portfolio Pulse from Khyathi Dalal

May 20, 2024 | 1:38 pm

GILD

Gilead Sciences Inc (NASDAQ:GILD) announced positive interim results from the ASSURE study for seladelpar, a treatment for primary biliary cholangitis (PBC). The study showed improvements in disease markers and pruritus with no serious adverse events. A New Drug Application for seladelpar has been accepted for priority review by the FDA, with a decision expected in August 2024.

Portfolio Pulse from Vandana Singh

May 20, 2024 | 1:36 pm

NVO

A study presented at the Digestive Disease Week meeting revealed that certain genetic profiles can predict the effectiveness of Novo Nordisk's weight-loss drug Wegovy. Patients with a 'hungry gut' genetic profile showed significantly higher weight loss compared to those without. This finding could help identify patients who would benefit most from the expensive treatment, potentially guiding more cost-effective obesity management strategies.

Portfolio Pulse from Vandana Singh

May 20, 2024 | 1:34 pm

CNVS

Cineverse (NASDAQ:CNVS) announced the expansion of the Bob Ross Universe with remastered episodes of 'The Joy of Painting' in HD and 4K, along with a new Gallery Collection series. This move aims to enhance fan engagement with the beloved show.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 1:32 pm

MSTR

ORCL

TSLA

Oracle's $28B investment in Cerner's AI-driven health records system has backfired, leading to significant financial implications. Li Auto posts weak Q1 results, causing a pre-market decline. MicroStrategy was the top performer among large-cap stocks last week. Tesla faces backlash from European rental companies over plummeting used car values and service issues.

Portfolio Pulse from Akanksha Bakshi

May 20, 2024 | 1:31 pm