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AMD

INTC

AMD shares are trading lower following Intel's announcement of new AI chips, which could intensify competition in the AI hardware market.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:37 pm

NVDA

Nvidia's CEO Jensen Huang announced a 10-for-1 stock split and several AI innovations at the Computex tech expo, leading to a 5% stock surge. The split, scheduled for June 10, is expected to attract more investors.

Portfolio Pulse from Zaheer Anwari

June 04, 2024 | 7:21 pm

SNY

Sanofi SA (NASDAQ:SNY) shared positive data from the IMROZ phase 3 study of Sarclisa in newly diagnosed, transplant-ineligible multiple myeloma patients. The study showed significant improvements in progression-free survival and complete response rates. The FDA has accepted a supplemental application for Priority Review, and a regulatory submission is under review in the EU.

Portfolio Pulse from Vandana Singh

June 04, 2024 | 7:18 pm

SPY

USO

U.S. Treasury Secretary Janet Yellen stated that the U.S. continues to impose sanctions on Iran, but acknowledged the difficulty in curbing the 'shadow fleet' of oil tankers. This could impact oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:13 pm

LULU

Oppenheimer analyst Brian Nagel reiterated an Outperform rating on Lululemon Athletica Inc (NASDAQ:LULU) with a price target of $445. Despite recent merchandising missteps and a significant drop in share price, the analyst believes the issues are fixable and the brand's growth dynamics remain intact.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 7:10 pm

AMPL

SNOW

Amplitude, Inc. announced the general availability of its Snowflake native offering at the Snowflake Data Cloud Summit 2024. This new solution allows companies to leverage Amplitude's product analytics capabilities without their data ever leaving Snowflake, enhancing customer insights and product development.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:01 pm

SONY

Sony Group Corp. (NYSE:SONY) has announced a PC adapter for its PlayStation VR 2 headset, set to release on Aug. 7, 2024. The adapter will allow PSVR 2 users to access Steam's VR library, although some PS5-exclusive features will be unavailable on PC. Despite initial strong sales, Sony has paused PSVR 2 production to address unsold inventory.

Portfolio Pulse from Franca Quarneti

June 04, 2024 | 6:52 pm

AAPL

Gene Munster from Deepwater Asset Management believes Apple Inc. (NASDAQ: AAPL) has a significant opportunity to revolutionize AI engagement through a major overhaul of its virtual assistant, Siri. Munster anticipates a successful rollout could solidify Apple's leadership in AI, especially with a potential partnership with OpenAI. He expects a new chip architecture in 2025 to enhance AI capabilities on iPhones. Munster cautions investors about trading around Apple's Worldwide Developers Conference, where a revamped Siri is expected to be a highlight.

Portfolio Pulse from Adam Eckert

June 04, 2024 | 6:48 pm

ACI

UBER

Uber Technologies, Inc. (NYSE:UBER) and Albertsons Companies (NYSE:ACI) announced a joint initiative to combat food insecurity and reduce food waste. The program, part of the 2024 White House Challenge to End Hunger and Build Healthy Communities, will use Uber Direct to deliver surplus food from Albertsons stores to local non-profits and food banks. Initially launched in Washington D.C., the program will expand to Boston, Chicago, and Denver.

Portfolio Pulse from Dylan Berman

June 04, 2024 | 6:37 pm

SCHH

VNQ

XLRE

The article discusses the current state of the U.S. rental market, highlighting that median rent prices are high, with many renters paying over 30% of their income on rent. While some cities in California are seeing a decline in rental rates, major cities like New York remain unaffordable. The national vacancy rate is at 6.6%, which could pressure landlords to lower rents if it increases. The article also mentions that the largest real estate ETFs are VNQ, SCHH, and XLRE.

Portfolio Pulse from Natan Ponieman

June 04, 2024 | 6:35 pm