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AAPL

XIACY

Xiaomi Corp reported a 27% increase in Q1 revenue, driven by a 33.7% rise in global smartphone shipments. Despite a decline in operating profit, the company is diversifying into the EV market with ambitious goals for its SU7 model. Xiaomi's global smartphone shipments are narrowing the gap with Samsung and Apple.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 4:11 pm

AMD

ARM

KLAC

LRCX

WDC

JPMorgan's 52nd annual Global Technology, Media, and Communications Conference highlighted an optimistic outlook for the semiconductor industry, driven by cyclical improvements and AI demand. Companies like AMD, Micron, and Arm are expected to benefit from this upcycle, with strong demand for AI infrastructure and memory products.

Portfolio Pulse from Surbhi Jain

May 23, 2024 | 4:09 pm

TSLA

Elon Musk has stated that he supports the elimination of tariffs and tax credits for both electric vehicles and oil and gas vehicles. This stance could impact Tesla (TSLA) and other companies in the automotive sector.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:08 pm

BCYC

BNZI

CYTK

ELF

ONMD

TGI

U.S. stocks traded mixed with the Dow Jones falling over 250 points, while the NASDAQ and S&P 500 rose. Key sectors showed varied performance, with IT shares rising and real estate shares falling. Notable stock movements included significant gains for OneMedNet Corporation, Bicycle Therapeutics, and e.l.f. Beauty, while Banzai International, Cytokinetics, and Triumph Group saw declines. The S&P Global composite PMI surged in May, indicating economic growth.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 4:01 pm

AMZN

WBD

Warner Bros. Discovery is considering matching an NBA rights package that is currently slated for Amazon. This move could put Warner Bros. Discovery in direct competition with Amazon for NBA broadcasting rights.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:56 pm

TSLA

Tesla CEO Elon Musk is currently speaking live on the X platform. Investors are closely watching for any significant announcements or updates that could impact Tesla's stock price.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:52 pm

VSAT

Viasat has announced a collaboration with Azercosmos to provide reliable L-Band satellite services to Azerbaijan and surrounding regions. This partnership aims to enhance communication services and expand Viasat's market reach.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:48 pm

BHC

Bausch Health, Canada Inc. has announced additional Canadian public drug plan listings for UCERIS® (Budesonide) Aerosol Foam, which is used to treat mild to moderate distal ulcerative colitis in adults.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:48 pm

QCOM

Investors have taken a bullish stance on Qualcomm (NASDAQ:QCOM) with significant options market activity. Benzinga's options scanner detected 50 uncommon trades, with a split sentiment of 50% bullish and 34% bearish. The targeted price range for QCOM is between $130.0 and $280.0. Analysts have mixed ratings, with an average target price of $193.2.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 3:46 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) stock is trading higher following the introduction of a new product, the Warming Deep Tissue Stick, to its Solei cannabis wellness brand. The product will be available in Ontario and select retailers across Canada starting next month. Tilray shares have risen about 7% over the last month amid anticipation of marijuana rescheduling in the U.S.

Portfolio Pulse from Dylan Berman

May 23, 2024 | 3:41 pm