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Goldman Sachs forecasts a significant increase in U.S. power demand due to AI data centers, projecting a 15% CAGR from 2023-2030. This growth is expected to raise data centers' power demand to 8% of total U.S. demand by 2030. Approximately 47 GW of additional power generation capacity will be needed, with an estimated $50 billion in capital investment. Goldman Sachs has identified 16 stocks across various sectors as beneficiaries of this trend, including utilities, clean technology, and industrial tech.

Portfolio Pulse from Piero Cingari

April 29, 2024 | 4:37 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares rose after announcing its next-generation Rivian Adventure Network DC fast charging network, planning to open it to other EVs in 2024. The new charger accommodates various vehicle charging ports and supports rapid charging with 100% renewable energy. Rivian's stock has an average 1-year price target of $15.65, indicating a 69.37% upside, with mixed analyst ratings.

Portfolio Pulse from Erica Kollmann

April 29, 2024 | 4:37 pm

CMCSA

NBCUniversal's Peacock is set to increase its subscription prices in July 2024, marking the second price hike in two years. The monthly fee for Peacock Premium will rise to $7.99, and Peacock Premium Plus will increase to $13.99. Annual prices will also go up, with Premium and Premium Plus rising to $79.99 and $139.99, respectively. This move comes as Peacock aims to make its direct-to-streaming business profitable, following a year of significant subscriber growth and the introduction of exclusive content. The service, which now has 34 million subscribers, has refocused its strategy on profitability after initially launching with a free tier to attract users.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 4:34 pm

DCPH

Deciphera Pharmaceuticals Inc (NASDAQ:DCPH) stock soared after ONO Pharmaceutical announced its acquisition of Deciphera for $25.60 per share in cash, totaling $2.4 billion. This acquisition highlights Deciphera's specialized kinase drug discovery, commercial platforms in the US and Europe, and a pipeline of cancer drugs including QINLOCK. The purchase price is a 74.7% premium over Deciphera's closing share price on April 26, 2024.

Portfolio Pulse from Vandana Singh

April 29, 2024 | 4:17 pm

XFOR

The FDA has approved X4 Pharmaceuticals Inc's (NASDAQ:XFOR) Xolremdi (mavorixafor) for patients 12 and older with WHIM syndrome, marking it as the first therapy for this rare immunodeficiency disorder. The approval is based on Phase 3 trial results showing significant improvements in neutrophil and lymphocyte counts and a reduction in infections. X4 Pharmaceuticals has also received a Rare Pediatric Disease Priority Review Voucher and set the annual cost of Xolremdi at $496,400 for patients over 50 kg and $372,300 for those 50 kg or under. Analysts predict the therapy could generate $54.6 million in sales by 2024, potentially growing to $450.9 million by 2027.

Portfolio Pulse from Vandana Singh

April 29, 2024 | 4:10 pm

AMD

NVDA

AMD is set to report Q1 earnings with expectations of 61 cents EPS and $5.5 billion in revenues. Despite a year of significant growth, driven by AI applications, AMD's stock shows a bearish trend in technical analysis but hints at a potential reversal. Challenges in the PC market and competition from Nvidia may impact performance, but AMD's focus on AI and technological innovations like the MI300 AI accelerator and Zen 4 architecture could fuel future growth. The upcoming earnings report could be pivotal for AMD's stock direction.

Portfolio Pulse from Surbhi Jain

April 29, 2024 | 4:09 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) is expected to report Q1 revenue of $142.47 billion, an improvement from last year's $127.36 billion, and earnings per share of 83 cents, up from 35 cents. Analysts anticipate strong sales and profit growth, highlighting the strength of online spending and faster fulfillment. Key factors include AWS segment performance, high-margin categories like advertising, and sports media rights, including NBA and WNBA deals. Analyst ratings are positive, with price targets ranging from $200 to $235.

Portfolio Pulse from Chris Katje

April 29, 2024 | 4:05 pm

BUZZ

SOFI

STCE

SoFi Technologies Inc. reported fiscal first-quarter 2024 results with a 26% year-on-year increase in adjusted revenue to $580.648 million, surpassing consensus estimates. Adjusted EPS was $0.02, beating the consensus of $0.01. The company added 622,000 new members, reaching over 8.1 million, and introduced over 989,000 new products, totaling over 11.8 million. Adjusted EBITDA rose by 91% Y/Y to $144.39 million. SoFi projects Q2 adjusted net revenue of $555 million to $565 million and adjusted EBITDA of $115 million to $125 million. For the full year 2024, it expects at least 50% growth in Tech Platform and Financial Services segments, with Lending revenue at 92% to 95% of 2023 levels, and an adjusted EBITDA margin of approximately 25%. SoFi stock is down 10% at $7.08. Investors can also gain exposure to SoFi through VanEck Social Sentiment ETF (BUZZ) and Schwab Strategic Trust Schwab Crypto Thematic ETF (STCE).

Portfolio Pulse from Anusuya Lahiri

April 29, 2024 | 4:00 pm

PBR

Petrobras is planning to launch a tender to hire a company for renovation works at its Parana fertilizer plant, which requires investments to resume operations, according to a Petrobras executive.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 3:47 pm

PBR

Petrobras, through an executive statement, has expressed hopes to resume operations at its Parana Nitrogen Fertilizer Plant by 2025, contingent on favorable conditions.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 3:46 pm