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NTDOY

Details about Nintendo's next console, the Switch 2, have leaked, revealing upgrades like a 1080p screen, magnetic Joy-Cons, and backward compatibility with existing games and controllers. The console, expected to launch by March 2025, will also introduce next-gen cartridges and maintain USB-C charging compatibility. Nintendo ADR (OTC:NTDOY) has not confirmed these details.

Portfolio Pulse from Franca Quarneti

April 29, 2024 | 6:27 pm

LRCX

Investors have shown a bullish stance on Lam Research (NASDAQ:LRCX), with unusual options activity indicating a split sentiment among big-money traders. Benzinga's options scanner revealed 17 uncommon trades, with a sentiment split of 47% bullish and 29% bearish. Significant investors target a price range of $800 to $1160 for LRCX in the next three months. The company, a leading semiconductor wafer fabrication equipment manufacturer, has seen its stock price increase by 0.44% to $929.41. Market experts have issued ratings with a consensus target price of $1005.0.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 6:01 pm

ANVS

Annovis Bio Inc (NASDAQ:ANVS) shares plummeted after releasing Phase 2/3 study data for buntanetap in Alzheimer's patients, showing no statistically significant difference in ADCS-CGIC scores and a large placebo effect in ADCS-ADL scores. However, improvements were observed in ADAS-Cog 11 scores, indicating a potential symptomatic effect with a disease-modification trend. The company plans to discuss the data with the FDA and proceed to a next Phase 3 study.

Portfolio Pulse from Vandana Singh

April 29, 2024 | 5:53 pm

TSLA

Tesla Inc (NASDAQ:TSLA) showcased its Full Self-Driving (FSD) technology in Germany to a Swedish Transport Administration official, marking its first demonstration on European roads. The event, featuring a 45-kilometer test drive in Munich with only one intervention, highlights Tesla's efforts to expand FSD's reach beyond North America amidst regulatory challenges in Europe. The demonstration, conducted in a Model Y, aimed to engage European regulators and showcase FSD's capabilities within the continent's strict autonomous driving regulations.

Portfolio Pulse from Benzinga EV Insights

April 29, 2024 | 5:46 pm

AVGO

GOOG

GOOGL

META

MRVL

MSFT

NVDA

TSLA

Microsoft, Meta, and Alphabet are significantly increasing their investments in AI infrastructure, spending over $32B in Q1 2024. This move indicates a strategic shift towards foundational AI technology, with a focus on data centers and AI chips. The investment spree is expected to benefit chip manufacturers like Broadcom and Marvell, as well as companies like Nvidia, which are directly involved in AI hardware development. Tesla also plans to invest $10B in AI by 2024.

Portfolio Pulse from Anusuya Lahiri

April 29, 2024 | 5:44 pm

BTCUSD

Mohamed Ezeldin, Head of Tokenomics at Animoca Brands, introduces Valuenomics, a concept emphasizing value creation in the digital economy, inspired by Bitcoin's inception. Valuenomics advocates for sustainable value over profit, aligning with sustainable development principles. The article highlights the global impact of cryptocurrencies and Web3, the role of the OPAL foundation in advancing Valuenomics through its Proof Of Valuable Work mechanism, and the potential for digital currencies to offer solutions to economic uncertainties and promote financial inclusivity.

Portfolio Pulse from Benzinga Contributor

April 29, 2024 | 5:29 pm

Coca-Cola Co (NYSE:KO) is set to report its Q1 financial results on April 30, 2024, with analysts expecting a slight revenue increase to $11.01 billion from last year's $10.98 billion, marking potentially the 13th consecutive quarter of beating revenue estimates. Earnings per share are anticipated to be 70 cents, up from 68 cents in the previous year. The company has previously stated expectations for a 6% to 7% increase in fiscal year organic revenue and a 4% to 5% increase in earnings per share. Key focus areas for the earnings report include consumer spending trends amid inflation, product line revamps, the impact of weight-loss drugs on sales, and the effect of international conflicts.

Portfolio Pulse from Chris Katje

April 29, 2024 | 5:23 pm

ECLN

PUI

WEC

WEC Energy Group, Inc. (NYSE:WEC) shares rose after announcing the acquisition of a 90% stake in the Delilah I Solar Energy Center for $459 million. The 300-megawatt project, part of the Samson & Delilah solar portfolio, is located near Dallas, Texas, with operations expected to start by end of June. This acquisition underscores WEC's commitment to investing in clean energy. The company is also set to release its first-quarter FY24 earnings on May 1. Investors can also gain exposure to WEC through Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) and First Trust EIP Carbon Impact ETF (NYSE:ECLN).

Portfolio Pulse from Lekha Gupta

April 29, 2024 | 5:13 pm

CTEX

TAN

Daqo New Energy Corp. (NYSE:DQ) shares fell after missing Q1 FY24 EPS and sales estimates, with revenue and gross profit significantly lower than the previous year. Despite higher production volume, the company's polysilicon average selling price and margins declined. Daqo Energy maintains its production forecast for FY24 and plans to start pilot production at its new facility in Q2 2024. The stock's movement can impact investors in Invesco Solar ETF (NYSE:TAN) and ProShares S&P Kensho Cleantech ETF (NYSE:CTEX).

Portfolio Pulse from Lekha Gupta

April 29, 2024 | 5:08 pm

ADXN

ANVS

CLVR

DCPH

Clever Leaves Holdings Inc. announced its decision to voluntarily delist from Nasdaq, causing a 60% drop in its shares. Other stocks moved significantly in Monday's session, with Deciphera Pharmaceuticals surging 73% after an acquisition announcement, and various companies like Collective Audience and ImmunityBio also seeing substantial gains. Losers included Annovis Bio, down 57% after disappointing trial results, and Addex Therapeutics, falling 48.8% due to a failed epilepsy study.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 5:04 pm