Streetbeat News

Products Services

NVDA

Nvidia's (NASDAQ: NVDA) higher-than-expected Q1 earnings led to a decline in the AI-based cryptocurrency token Render (CRYPTO: RNDR), which fell 3.79%. Despite initial gains, profit-taking and high leverage positions contributed to the dip. Whale activity and increased trading volume suggest potential volatility ahead.

Portfolio Pulse from Aniket Verma

May 23, 2024 | 3:40 am

NVDA

Nvidia introduced its Blackwell AI computing platform during its first-quarter earnings call, positioning itself as a leader in the generative AI revolution. The platform is designed to support trillion-parameter large language models and multi-modal AI systems, offering significant advancements over Nvidia's current Hopper architecture. Nvidia aims for rapid adoption of Blackwell across various sectors, including cloud providers and research institutions. The announcement follows Nvidia's strong first-quarter earnings report, which included a 150% dividend hike and a 10-for-1 stock split.

Portfolio Pulse from Kaustubh Bagalkote

May 23, 2024 | 2:48 am

NVDA

TSLA

Nvidia's AI infrastructure has significantly boosted Tesla's autonomous driving software, FSD version 12, by expanding Tesla's AI training cluster to 35,000 H100 GPUs. Nvidia's data center segment saw a 427% growth, contributing to its strong quarterly performance. Nvidia also announced a 10-for-1 stock split and a 150% increase in its quarterly dividend.

Portfolio Pulse from Ananya Gairola

May 23, 2024 | 2:43 am

NVDA

Nvidia Corp. (NASDAQ: NVDA) reported first-quarter results that exceeded expectations, issued above-consensus second-quarter revenue guidance, announced a 150% dividend hike, and a 10-for-1 stock split. The stock surged past $1,000 in after-hours trading. Analyst Gene Munster predicts sustained growth and a potential tech bull market.

Portfolio Pulse from Shanthi Rexaline

May 23, 2024 | 2:22 am

AMD

NVDA

SNOW

TSLA

TSM

Major U.S. stock indices closed in negative territory on Wednesday. Nvidia, AMD, TSMC, Snowflake, and Tesla were the top stocks that gained attention. Nvidia reported strong earnings and announced a dividend hike and stock split. AMD rose due to Nvidia's positive earnings. TSMC saw a rise amid confidence in its technology protection. Snowflake reported a revenue beat but an EPS miss. Tesla fell due to concerns over AI investments and an upcoming shareholder vote.

Portfolio Pulse from Benzinga Neuro

May 23, 2024 | 2:11 am

NVDA

Wedbush analyst Dan Ives predicts a significant transformation in the tech industry following Nvidia's impressive quarterly results, suggesting potential trillion-dollar valuations driven by AI advancements. Nvidia reported a 427% growth in its data center business, leading to a historic rally.

Portfolio Pulse from Ananya Gairola

May 23, 2024 | 1:37 am

AAPL

ADDYY

BUD

A napkin that played a crucial role in Lionel Messi's signing with FC Barcelona sold for $964,450 at auction. The napkin, which lacks Messi's signature, is considered one of the most important pieces of soccer memorabilia. Messi's influence extends to companies like Apple, Adidas, and Anheuser-Busch InBev, which have seen boosts from their associations with the soccer star.

Portfolio Pulse from Chris Katje

May 22, 2024 | 9:07 pm

MSFT

NWS

News Corp and OpenAI have entered into a multi-year global partnership. News Corp will provide premium journalism to enrich OpenAI's generative AI products and platforms.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:38 pm

MSFT

Microsoft's Activision has unveiled the first teaser for Call of Duty: Black Ops 6, featuring live-action footage and an interactive website. The game is expected to be available on Game Pass, with a late October 2024 release. Microsoft may also add the entire Call of Duty back catalog to Game Pass.

Portfolio Pulse from Franca Quarneti

May 22, 2024 | 8:36 pm

VRNT

Verint has been awarded a $4 million contract to provide multiple Verint Open Platform applications to a US bank.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:33 pm