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MSFT

At the Build Conference, Microsoft's CTO announced that the cost of using ChatGPT will decrease over time.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 5:56 pm

ETHUSD

Former President Donald Trump leads President Joe Biden by 15 points in a 2024 presidential election prediction market on Polymarket. Trump's chances have increased to 55%, while Biden's stand at 40%. The market has seen $130 million traded, with Trump and Biden outcomes accounting for $15 million each. Polymarket recently raised $70 million in a Series B round. The news comes amid a potential policy shift towards the cryptocurrency industry, with Trump advocating for pro-crypto policies.

Portfolio Pulse from Ivan Crnogatić

May 21, 2024 | 5:55 pm

IREN

Iris Energy Limited (NASDAQ:IREN) shares are trading higher due to increased interest in cryptocurrency-related stocks. Ethereum's price spike and optimism about spot Ethereum ETFs have contributed to this interest. Iris Energy reported mining 1,003 Bitcoin in Q1, with revenue of $53.4 million. The stock is trading above its 50-day moving average and has a 1-year price target of $9.85.

Portfolio Pulse from Erica Kollmann

May 21, 2024 | 5:52 pm

PEP

TSLA

Tesla Inc (NASDAQ:TSLA) shares are trading higher after the company increased its 72-month loan rate in the U.S. from 0.99% to 1.99%. Additionally, Tesla is set to deliver 50 more Semi trucks to PepsiCo Inc (NASDAQ:PEP), and PepsiCo plans to expand its fleet with Tesla and Ford Motor Co (NYSE:F) electric vehicles. Meanwhile, a group of Tesla shareholders is urging investors to vote against Elon Musk’s $56 billion pay package at the upcoming annual shareholder meeting.

Portfolio Pulse from Adam Eckert

May 21, 2024 | 5:51 pm

FEPI

GFS

NVDA

PSI

Micron Technology (MU) shares are trading lower after the company raised its 2024 capex expectations to $8 billion from $7.5 billion. Micron, a key beneficiary of the U.S. CHIPS Act, is a leading provider of high-bandwidth memory (HBM) chips used in AI servers. The company expects HBM to be a multibillion-dollar business by fiscal 2025 and aims to enable over 50% of PCs to be AI-enabled by 2027. Micron also announced workforce development initiatives and partnerships with GlobalFoundries (GFS) and the U.S. National Science Foundation (NSF). Investors can gain exposure to Micron via Invesco Semiconductors ETF (PSI) and REX FANG & Innovation Equity Premium Income ETF (FEPI).

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 5:42 pm

AMD

AOTG

INTC

MSFT

NVDA

SPRX

AMD has launched the cost-effective EPYC 4004 Series CPUs aimed at small and medium businesses and IT service providers. The new processors, based on the 'Zen 4' architecture, offer significant performance improvements over Intel's Xeon E-2488 CPUs. Analysts see AMD as a key player in the AI market, second only to Nvidia, and note its market share gains in the x86 processor and merchant accelerator sectors. AMD's acquisition of Xilinx is expected to yield significant long-term revenue synergies. Investors can gain exposure to AMD through AOT Growth And Innovation ETF and Spear Alpha ETF.

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 5:37 pm

DELL

NTNX

NVDA

Nutanix, Inc. (NASDAQ:NTNX) shares are trading higher after announcing partnerships with Dell Technologies Inc (NYSE:DELL) and NVIDIA Corporation (NASDAQ:NVDA). The deal with Dell involves new joint solutions combining Nutanix Cloud Platform and Dell servers, while the NVIDIA partnership integrates Nutanix's AI platform with NVIDIA NIM microservices.

Portfolio Pulse from Nabaparna Bhattacharya

May 21, 2024 | 5:34 pm

DOGEUSD

Dogecoin (DOGE) surged 9% amid speculation about a potential DOGE ETF, driven by increasing chances of a spot Ethereum ETF approval. Crypto venture capitalist Andrew Kang and traders highlighted bullish signals and significant transaction volume increases.

Portfolio Pulse from Khyathi Dalal

May 21, 2024 | 5:30 pm

INCY

Incyte (NASDAQ:INCY) has acquired two office buildings in downtown Wilmington, Delaware, marking its fourth expansion in the state since 2014. The acquisition will consolidate its U.S.-based teams to enhance their efforts in developing innovative medical solutions. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 5:28 pm

EIPX

KEAT

TTE

TotalEnergies SE (NYSE:TTE) has approved the Final Investment Decision (FID) for the Kaminho deepwater project in Angola, in collaboration with Petronas and Sonangol. The project involves converting a Very Large Crude Carrier (VLCC) to a Floating Production Storage and Offloading (FPSO) unit, with production expected to start in 2028. TotalEnergies also signed an MoU with Sonangol to focus on decarbonizing the oil and gas industry. Investors can gain exposure to TotalEnergies through ETFs such as First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:EIPX) and Keating Active ETF (NASDAQ:KEAT).

Portfolio Pulse from Lekha Gupta

May 21, 2024 | 5:24 pm