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AAPL

Tech YouTuber Marques Brownlee (MKBHD) provided an inside look into Apple's durability testing labs for iPhones. He detailed various tests including water ingress, drop simulations, and vibration tests. Brownlee also discussed iPhone durability and repairability with Apple's head of hardware engineering, John Ternus. Apple is expected to launch the iPhone 16 series in September with significant upgrades.

Portfolio Pulse from Ananya Gairola

May 31, 2024 | 6:52 am

REGN

SNY

Sanofi and Regeneron Pharmaceuticals' Dupixent has been recommended for EU approval by the CHMP to treat COPD patients. This recommendation is based on Phase 3 trials showing significant benefits in reducing exacerbations and improving lung function. If approved, Dupixent would be the first targeted therapy for COPD in the EU and the first new treatment for the disease in over a decade.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:34 am

IEO

OIH

UCO

USO

VDE

XES

OPEC+ is expected to extend its current production cuts amid rising summer demand, with a virtual meeting scheduled for June 2. The decision is influenced by increased demand from China and the U.S. Investors may consider oil ETFs like VDE, OIH, USO, IEO, XES, and UCO.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 6:33 am

AIQ

BOTZ

MSFT

NVDA

ROBO

A UBS report suggests that Microsoft may be Nvidia's largest customer, contributing to 19% of Nvidia's revenue in fiscal 2024. Nvidia's stock has surged 130% this year, driven by demand for AI processors. The report also highlights the growing interest in AI ETFs like BOTZ, AIQ, and ROBO. Nvidia's CEO will attend Taiwan's AI Tech Fest, and the U.S. has halted AI chip sales to the Middle East due to security concerns.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 6:18 am

GOOG

GOOGL

Google defends its AI search results, which have faced criticism for delivering bizarre and inaccurate information. Despite the backlash, Google claims higher satisfaction with the new AI Overviews feature and plans to improve it by limiting its appearance for nonsensical queries and adding strong guardrails for sensitive topics.

Portfolio Pulse from Ananya Gairola

May 31, 2024 | 6:03 am

ADAUSD

BLK

SOLUSD

XRPUSD

Ripple CEO Brad Garlinghouse predicts the emergence of ETFs for XRP, Solana, and Cardano, following the approval of Bitcoin and Ethereum spot ETFs. He highlights regulatory challenges and criticizes the SEC's lack of clarity. Ripple's ongoing legal battle with the SEC could impact the approval process for an XRP ETF.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 5:57 am

REGN

SNY

The FDA has extended the priority review deadline for Regeneron Pharmaceuticals and Sanofi's Dupixent for treating COPD patients with Type 2 inflammation to September 2024. The extension follows the submission of additional efficacy analyses.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:55 am

SPOT

Spotify Technology SA (NYSE:SPOT) will refund customers who purchased its Car Thing dashboard accessory before deactivating the devices in December 2024. This decision follows a class action lawsuit and comes after a challenging year for Spotify, which included price increases, layoffs, and a 20% revenue growth in Q1 2024.

Portfolio Pulse from Ananya Gairola

May 31, 2024 | 5:16 am

ARKK

PLTR

SHLD

Dan Ives from Wedbush likened Palantir Technologies Inc. (NYSE:PLTR) to Lionel Messi in the AI world, calling it the most underestimated AI play. Despite a sell call from Jim Cramer, Palantir's stock continues to rise, supported by CEO Alex Karp's bold claims of market dominance. The stock has gained over 42% in the last 12 months and is included in ETFs like Global X Defense Tech ETF (NYSE:SHLD) and ARK Innovation ETF (NYSE:ARKK).

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 5:12 am

AAPL

Apple Inc. (NASDAQ:AAPL) plans to overhaul its Siri virtual assistant with powerful AI-driven voice command features, enabling control of individual app functions. The update, to be unveiled at WWDC, will use large language models and generative AI. Initially limited to Apple's apps, the feature will expand to handle multiple commands and is expected to be part of iOS 18 next year. Analysts are bullish on Apple's AI prospects, predicting strong stock performance.

Portfolio Pulse from Ananya Gairola

May 31, 2024 | 5:01 am