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MRVL

SOXX

Marvell Technology (NASDAQ:MRVL) is set to report its Q1 earnings, with analysts expecting revenue of $1.18 billion and EPS of 25 cents. The company's AI business and second-half growth are key focus areas. Analysts are optimistic about Marvell's AI ASIC shipments to Amazon and Google, and a potential recovery in datacenter storage segments. Marvell's shares have performed well, in line with the iShares Semiconductor ETF (NASDAQ:SOXX).

Portfolio Pulse from Chris Katje

May 28, 2024 | 6:57 pm

ARCT

VRTX

Arcturus Therapeutics (ARCT) announced encouraging early trial results for its cystic fibrosis treatment, ARCT-032. The results showed a 4% improvement in lung function in the first four CF patients. Analysts are cautiously optimistic, noting the importance of further data to be presented at an upcoming conference. Vertex Pharmaceuticals (VRTX) was also mentioned in relation to its Trikafta treatment.

Portfolio Pulse from Vandana Singh

May 28, 2024 | 6:55 pm

AAPL

AMD

AMZN

GOOGL

META

MSFT

French startup Mistral AI is expanding into the U.S. market, aiming to compete with OpenAI and Google. The company has attracted significant investment and political attention, and is supported by Microsoft, which will host Mistral's AI model on its Azure platform. Mistral has also partnered with IBM and Snowflake for distribution.

Portfolio Pulse from Shivani Kumaresan

May 28, 2024 | 6:34 pm

AZN

AstraZeneca's stock is trading lower due to the TROPION-Lung01 phase 3 trial results, which did not reach statistical significance in overall survival for the entire trial population. However, the drug showed clinically meaningful improvement in a specific subgroup of patients.

Portfolio Pulse from Vandana Singh

May 28, 2024 | 6:32 pm

DUOL

RDDT

JMP Securities analyst Andrew Boone upgraded Duolingo, Inc. (NASDAQ:DUOL) from Market Perform to Market Outperform with a price target of $260. Key growth drivers include the broader rollout of Max, optimization of subscription tiers, and the launch of a conversational experience. Duolingo's shares have declined ~21% year to date, making the valuation more reasonable. The analyst sees significant potential for revenue growth from the new features and upgrades.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 6:20 pm

MSTR

SMCI

MicroStrategy Inc (NASDAQ:MSTR) is set to join the Russell 1000 Index, marking its transition from a small-cap to a large-cap stock. This inclusion, along with its recent rally and strategic developments, has set a bullish tone for MicroStrategy stock. The company is also making strides in blockchain technology with the development of the 'Orange protocol' for decentralized identification on the Bitcoin blockchain. Technical indicators and analyst expectations suggest a favorable outlook for the stock.

Portfolio Pulse from Surbhi Jain

May 28, 2024 | 6:17 pm

AMD

IFNNY

INTC

Malaysia aims to attract $107 billion in investments for its semiconductor sector, focusing on integrated circuit design, advanced packaging, and chip manufacturing equipment. Major firms like Intel and Infineon have already made significant investments in the country. The government will allocate $5.3 billion in fiscal support and offer incentives to attract global tech companies.

Portfolio Pulse from Shivani Kumaresan

May 28, 2024 | 6:11 pm

DELL

NVDA

Dell Technologies shares are rising due to strong performance in the chip sector, positive analyst updates, and the introduction of AI-powered PCs. Nvidia's impressive earnings report has also contributed to the positive sentiment.

Portfolio Pulse from Vaishali Prayag

May 28, 2024 | 5:59 pm

SPCE

Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares are soaring on heavy trading volume despite a lack of company-specific news. The stock is trending on Yahoo Finance and Stocktwits, driven by retail trader interest and high short interest. The company's next spaceflight is scheduled for June 8, 2024, and it remains on track for commercial service in 2026.

Portfolio Pulse from Erica Kollmann

May 28, 2024 | 5:58 pm