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DELL

INTC

Dell Technologies Inc. (NYSE:DELL) shares are rising after announcing an expansion and upgrades to its server portfolio, specifically the Dell PowerEdge servers. These upgrades aim to enhance performance and efficiency, catering to a wide range of organizations. The new servers, including the Dell PowerEdge R670 and R770 CSP Edition, feature Smart Cooling technology for energy efficiency and are designed for easier deployment. Intel Corporation (NASDAQ:INTC) is collaborating with Dell by providing the Intel Xeon 6 Efficient core processor, promising up to 2.3x more performance per rack compared to previous generations.

Portfolio Pulse from Nabaparna Bhattacharya

May 14, 2024 | 5:12 pm

BA

EADSY

ITA

PPA

Boeing Inc. reported a decrease in April commercial airplane deliveries to 24, down from 26 a year ago, amid efforts to enhance 737 MAX production quality. The company faced 33 cancellations, mainly due to Lynx Air's cessation. Despite this, Boeing recorded seven new orders in April, contributing to a total of 138 gross orders for the year. In contrast, Airbus SE saw a 13% increase in deliveries with 61 aircraft in April. Boeing's Q1 revenue declined by 8% year-over-year, but its adjusted loss per share improved, beating consensus estimates. Boeing stock has lost over 10% in the last 12 months but is trading higher by 1.7% at the last check.

Portfolio Pulse from Shivani Kumaresan

May 14, 2024 | 5:04 pm

AAPL

GOOG

GOOGL

Apple Inc. is leveraging AI advancements to enhance iOS user experiences, with BofA Securities' analyst Wamsi Mohan maintaining a Buy rating and a price target of $230, indicating a 23.5% upside. The recent OpenAI demo highlighted the potential for innovative app development on Apple devices, emphasizing Apple's leadership in AI integration and its potential to benefit from AI at the edge, which could drive higher institutional ownership of Apple's stock.

Portfolio Pulse from Surbhi Jain

May 14, 2024 | 4:59 pm

META

ZM

Zoom's Workvivo has been named as the only preferred migration partner for Workplace from Meta customers, as Meta discontinues its employee engagement platform. Workvivo and Meta will provide migration tools and additional services at no cost to facilitate the transition.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:53 pm

ITHUF

iAnthus Capital Holdings, Inc. reported Q1 2024 financial results with a net loss of $14 million, improved from the previous year, and revenue growth of 13.1% YoY to $41.6 million. Gross profit increased to $17.2 million, and adjusted EBITDA was positive at $3.2 million. CEO Richie Proud highlighted the company's focus on consumer care and product innovation.

Portfolio Pulse from Jelena Martinovic

May 14, 2024 | 4:44 pm

CAAS

STLA

China Automotive Systems, Inc. (CAAS) reported a Q1 earnings increase with EPS at 27 cents, up from 23 cents year over year, despite a 2% drop in net sales to $139.4 million. The decrease in sales was primarily due to a 12.4% decline in North American sales, notably lower sales to Stellantis N.V. (STLA). However, gross profit and income from operations saw significant increases. The company maintains its full-year revenue guidance at $605.0 million.

Portfolio Pulse from Nabaparna Bhattacharya

May 14, 2024 | 4:29 pm

BA

Boeing has announced a postponement of the Starliner launch to no earlier than May 21 due to an issue with the spacecraft's propulsion system. This delay could impact Boeing's schedule and reputation in the aerospace sector.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:09 pm

ERIC

Ericsson shares are trading higher following the announcement of the expansion of its Vonage Premier for Service Cloud Voice solution, now including integration with Salesforce Einstein Conversation Insights. The stock is also positively influenced by movements in sympathy with Vodafone Group.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:08 pm

AMC

AUGX

CTNT

GME

HD

NOTV

SCPX

U.S. stocks traded higher with the Nasdaq gaining over 50 points. Home Depot reported a sales decline of 2.3% in Q1, missing estimates. Cheetah Net, AMC, and GameStop shares surged, while Augmedix, Scorpius Holdings, and Inotiv shares fell. Oil prices dropped by 1.2%, and gold prices increased.

Portfolio Pulse from Avi Kapoor

May 14, 2024 | 4:06 pm

ORCL

Elon Musk's artificial intelligence company, xAI, is reportedly close to finalizing a deal worth approximately $10 billion to lease AI servers from Oracle. This significant agreement underscores the growing demand for AI infrastructure and Oracle's position as a key player in providing these technologies.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:02 pm