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META

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg announced that over 50% of Instagram content and 30% of Facebook posts are AI-recommended. This statement was part of Meta's Q1 financial results, revealing a 27% revenue increase to $36.45 billion, surpassing estimates. AI has significantly boosted advertiser value, with AI-powered tools revenue doubling. Meta also introduced new user controls and labels for AI-generated content to enhance transparency and user engagement.

Portfolio Pulse from Ananya Gairola

April 25, 2024 | 1:54 am

AMZN

IBM

META

SNAP

TSLA

On Wednesday, Meta Platforms, Snap, Amazon, IBM, and Tesla were key stocks on investors' radars, with varied performances. Meta Platforms reported a 27% increase in Q1 revenue, beating estimates. Snap's stock fluctuated following a bill impacting TikTok. Amazon launched a new grocery delivery subscription, while IBM's revenue slightly missed estimates. Tesla's shares surged 12.06% despite missing analyst estimates, buoyed by investor sentiment.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 1:47 am

META

Meta Platforms CEO Mark Zuckerberg highlighted Taylor Swift's debut on Threads, a social media platform by Meta, during the company's Q1 financial results announcement. Threads has over 150 million monthly active users, and Swift's presence, with over 9.3 million followers, was noted as significant. Meta's Q1 financial results showed a 27% year-over-year revenue increase to $36.45 billion, with earnings per share of $4.71, beating estimates.

Portfolio Pulse from Ananya Gairola

April 25, 2024 | 1:27 am

DIS

Disney+'s Australian animated hit 'Bluey' has become a significant draw for the platform, with its latest episode setting a viewership record. Despite its success, there's speculation about the show's future after hints of a potential ending and the show creator taking a break. The show's popularity underscores its importance to Disney+ in attracting and retaining subscribers, especially families with children.

Portfolio Pulse from Chris Katje

April 24, 2024 | 11:09 pm

TM

Toyota has become the official vehicle provider for World Wide Technology Raceway, marking its first-ever automotive manufacturer partnership with the racing facility. This includes leading fields at the NASCAR race weekend and renewing their race entitlement for the NASCAR CRAFTSMAN Truck Series Toyota 200. The Toyota Camry XSE and Toyota Tundra TRD Pro will serve as pace and support vehicles for the NASCAR Cup Series and Truck Series races, respectively.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:34 pm

TER

Teradyne anticipates growth through the remainder of the year, fueled by new products, applications in robotics, and enhancements in its global distribution channels.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:32 pm

TER

Teradyne reports stronger than expected performance in H1 due to strength in memory and computing sectors. However, the company notes that visibility beyond Q2 is limited.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:29 pm

VKTX

Viking Therapeutics, Inc. (NASDAQ:VKTX) reported Q1 financial results, beating analyst expectations with a loss of 26 cents per share against an estimated 28 cents. R&D expenses doubled due to increased drug development activities. The company's cash reserves significantly increased to $963 million, bolstered by a successful public stock offering. Positive results from Phase 2 and Phase 1 studies of VK2735 for obesity were highlighted, with plans to advance development.

Portfolio Pulse from Erica Kollmann

April 24, 2024 | 9:19 pm

META

During a conference call, Meta CEO Mark Zuckerberg revealed that approximately 30% of the posts on Facebook's feed and 50% of the content on Instagram are curated by their AI recommendation system. This highlights the significant role AI plays in content delivery on these platforms.

Portfolio Pulse from Charles Gross

April 24, 2024 | 9:19 pm

OII

Oceaneering International projects an increase in SSR revenue for FY24 in the low-to-mid-teens percentage range and anticipates its Manufactured Products book-to-bill ratio to be between 1.1 and 1.3 for the full year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:11 pm