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SMCI

Super Micro Computer shares are trading higher after the company introduced a ready-to-deploy liquid-cooled AI data center.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 7:06 pm

NVOS

Novo Integrated Sciences' subsidiary, Acenzia, has been selected to participate in a $5.4 million project by Protein Industries Canada to develop plant-based protein products. Acenzia will invest $600,000, Protein Industries Canada $2.3 million, and two other partners $2.5 million.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 7:02 pm

IBIT

MSTR

RIOT

BlackRock's iShares Bitcoin Trust (IBIT) ETF has surged 50% since its launch in January 2024, amassing $20 billion in AUM. Kerrisdale Capital is long on IBIT and short on Riot Platforms (RIOT). Technical indicators suggest continued bullish momentum for IBIT.

Portfolio Pulse from Surbhi Jain

June 05, 2024 | 6:58 pm

MSFT

RBLX

Mobile games captured $90.4 billion in 2023, accounting for 49% of the global games market. Despite a 2% decline in overall consumer spending, in-app revenue for game apps increased by 6%. Top apps for consumer spending included Microsoft's Candy Crush Saga and Roblox Corp.'s Roblox. Advertising expenditure is projected to grow significantly in the coming years.

Portfolio Pulse from Franca Quarneti

June 05, 2024 | 6:55 pm

VIR

Vir Biotechnology Inc (NASDAQ:VIR) announced promising preliminary data from its Phase 2 SOLSTICE hepatitis delta clinical trial, showing high virologic response rates and ALT normalization with tobevibart and elebsiran. The stock rose 18.1% following the news.

Portfolio Pulse from Vandana Singh

June 05, 2024 | 6:51 pm

AZN

BNTX

JNJ

MRNA

NVAX

PFE

FDA advisers have voted in favor of recommending a new Covid vaccine targeting the JN.1 lineage for the 2024-25 campaign.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:51 pm

AMD

INTC

NVDA

Bank of America analyst Vivek Arya reiterated a Buy rating and a $1,500 price target for Nvidia (NVDA) following positive investor meetings. Arya highlighted Nvidia's multi-year lead over competitors AMD and Intel, strong customer interest, and robust growth opportunities in AI and data centers.

Portfolio Pulse from Adam Eckert

June 05, 2024 | 6:49 pm

ASST

Asset Entities announced on X that they will be launching a new initiative called WebAi, which they describe as a web (Ř)evolution distinct from Web3. The announcement is set for 6am on June 6th.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:45 pm

COIN

Coinbase (NASDAQ:COIN) has launched smart wallets to simplify the crypto onboarding process, eliminate gas fees, and enhance user experience. The new feature aims to attract more users to decentralized applications and Web3 functionalities.

Portfolio Pulse from Murtuza Merchant

June 05, 2024 | 6:41 pm

BTCUSD

DOGEUSD

Cryptocurrency analyst Zer0 suggests that Dogecoin (DOGE) tends to rally during Bitcoin (BTC) price discovery phases, based on historical data. DOGE is currently down 77% from its May 2021 all-time high. The analysis indicates potential investment strategies for future Bitcoin price discovery phases.

Portfolio Pulse from Khyathi Dalal

June 05, 2024 | 6:34 pm