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AMD

ARM

INTC

MU

NVDA

Mizuho analyst Vijay Rakesh has boosted estimates for Nvidia (NVDA) following a Taiwan event, citing substantial opportunities with its Hopper platform and upcoming products. Rakesh also highlighted potential catalysts for Arm Holdings (ARM) and Micron Technology (MU), and reiterated Buy ratings for Advanced Micro Devices (AMD) and Intel Corp (INTC).

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 6:24 pm

COIN

Coinbase Global Inc. (NASDAQ:COIN) shares are surging, coinciding with a rise in Bitcoin prices. Bitcoin has climbed approximately 2% in the past 24 hours and is up more than 4.25% over the past week. The positive momentum in crypto markets is driving buying interest in crypto-related stocks like Coinbase, which was up about 6%. Bitcoin spot ETFs have also seen significant inflows, contributing to the bullish sentiment.

Portfolio Pulse from Vaishali Prayag

June 04, 2024 | 6:19 pm

NVDA

TSLA

Elon Musk announced that Tesla will spend roughly $10 billion on AI-related expenditures this year, with about half of it being internal costs. He also mentioned that Tesla's purchases of Nvidia hardware for AI training superclusters will be between $3 billion to $4 billion.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:17 pm

CSCO

Cisco Systems Inc (NASDAQ:CSCO) shares are rising as Cisco Investments launches a $1 billion AI investment fund to support startups and enhance secure AI solutions. The fund has already allocated nearly $200 million, with further investments planned. Cisco aims to leverage AI to enhance its products and services, aligning with its long-standing innovation strategy.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 6:16 pm

AAPL

NFLX

Netflix Inc (NASDAQ:NFLX) will discontinue support for second and third-generation Apple TVs after July 31, 2024. This decision aligns with Netflix's goal to maintain an optimal user experience. Apple Inc (NASDAQ:AAPL) already considers these models obsolete.

Portfolio Pulse from Franca Quarneti

June 04, 2024 | 6:08 pm

BLK

Bitcoin prices are nearing record highs, driven by BlackRock's Bitcoin spot ETF achieving record-breaking inflows. Other major cryptocurrencies like Ethereum, Binance Coin, and Solana also saw gains. The rapid growth of Bitcoin ETFs, including new approvals in Thailand and Australia, is fueling adoption. Upcoming Nonfarm Payroll data could further impact Bitcoin prices.

Portfolio Pulse from Murtuza Merchant

June 04, 2024 | 6:07 pm

FLGC

Flora Growth Corp. (NASDAQ:FLGC) has formed a joint venture with Althea Group Holdings to enter the hemp-derived beverage market in the U.S. The new entity, Peak USA JV LLC, aims to leverage Flora's brand expertise and Althea's processing capabilities to produce cannabis-infused beverages as an alternative to alcohol.

Portfolio Pulse from Jelena Martinovic

June 04, 2024 | 6:05 pm

BBIO

BridgeBio Pharma, Inc. (NASDAQ:BBIO) shares are trading lower after the company announced positive results from its Phase 2 trial of infigratinib in children with achondroplasia. Despite statistically significant improvements in body proportionality and height velocity, the stock is down 4.5%.

Portfolio Pulse from Dylan Berman

June 04, 2024 | 6:01 pm

SOBR

SOBR Safe, Inc. (NASDAQ:SOBR) shares surged after announcing new customer agreements for its SOBRsure device. The company signed deals with Hired Power and The Firm, leading to a significant increase in trading volume.

Portfolio Pulse from Erica Kollmann

June 04, 2024 | 5:51 pm

EQNR

Equinor has executed a purchase and sale agreement with the New York State Energy Research and Development Authority for renewable power generated by the Empire Wind 1 offshore wind project.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:46 pm