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TSM

Taiwan Semiconductor's CEO, C.C. Wei, announced in a conference call that the company expects revenue from AI processors to more than double this year and to account for a low-teens percentage of total revenue in 2024. Over the next five years, this segment is forecasted to grow at a 50% CAGR, increasing to over 20% of the company's revenue by 2028.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:24 pm

TSM

Taiwan Semiconductor's CFO, Jen-Chau Huan, announced a strategy to convert some 5-nanometer tools to support 3-nanometer capacity due to strong multiyear demand. This conversion is expected to dilute the company's gross margin by 1-2 percentage points in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:24 pm

QCOM

Advantech has announced a partnership with Qualcomm to collaborate on edge computing solutions, aiming to shape the future of this technology sector.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:12 pm

ACMR

AMD

HHUSF

ICG

INTC

KFVG

China mandates leading telecom operators to eliminate foreign semiconductors by 2027, impacting Intel and AMD, which derive significant revenues from China. Despite potential revenue loss, KraneShares CIO Brendan Ahern views the impact on Intel and AMD as limited, citing the directive's focus on government procurement. Ahern suggests the KraneShares CICC China 5G and Semiconductor Index ETF (KFVG) and stocks like Hua Hong Semiconductor (HHUSF), Intchains Group (ICG), and ACM Research (ACMR) as potential investment opportunities amid China's push for semiconductor self-sufficiency.

Portfolio Pulse from Surbhi Jain

April 18, 2024 | 3:12 pm

CARR

Carrier Global Corporation (NYSE:CARR) announced an investment and technology partnership with Strategic Thermal Labs for a liquid cooling solution for data centers. This partnership includes a board seat for Carrier and exclusivity in a differentiated solution, building on Carrier's acquisition of Nlyte in 2021. The liquid cooling market is expected to grow significantly, driven by AI data center builds.

Portfolio Pulse from Shivani Kumaresan

April 18, 2024 | 3:11 pm

AAPL

ASML

SMH

TSM

The article discusses the high demand for AI chips, highlighting TSM's earnings and its impact on the semiconductor sector, including a broadening top pattern in the VanEck Semiconductor ETF (SMH) chart. It mentions ASML's earnings causing a drop in semiconductor stocks, while TSM's positive earnings report and its plans to maintain high capital expenditure counterbalance this view. The article also covers money flows in major tech stocks and ETFs, the behavior of the momo crowd and smart money in the market, and provides investment strategy advice based on current market conditions.

Portfolio Pulse from The Arora Report

April 18, 2024 | 3:08 pm

BTCUSD

The upcoming fourth Bitcoin halving is expected to be influenced by institutional investors and Bitcoin ETFs, altering traditional supply and demand dynamics. Unlike previous halvings, ETFs now absorb a significant portion of new Bitcoin, potentially stabilizing prices. Investors are advised to monitor ETF activity and long-term holder behavior to navigate the market.

Portfolio Pulse from Murtuza Merchant

April 18, 2024 | 3:07 pm

VKTX

Market whales have shown a predominantly bearish stance on Viking Therapeutics (NASDAQ:VKTX), with options trading data revealing 80% bearish sentiment among significant trades. Notable options activity includes a mix of bullish, bearish, and neutral trades with strike prices ranging from $55.0 to $90.0. Viking Therapeutics, a biopharmaceutical company focusing on metabolic and endocrine disorders, has seen its stock price decrease by -1.64%, with an RSI indicating a neutral position. Analysts have mixed views, with price targets ranging from $90 to $138, despite a recent downgrade by HC Wainwright & Co. to Buy.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 3:04 pm

WRAP

Wrap Technologies, Inc. announced the launch of WrapAI, a new AI product suite designed to transform law enforcement through advanced features like Wrap Intrensic Body-Worn Cameras (BWC) and Digital Evidence Management systems. This innovation aims to elevate policing standards by integrating cutting-edge artificial intelligence.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:59 pm

CVAR

LAZ

Lazard, Inc. (NYSE:LAZ) has partnered with Elaia Partners to form Lazard Elaia Capital (LEC), a new asset management company aimed at investing in European technology companies. The partnership, which includes Lazard acquiring a minority stake in Elaia Partners, aims to support tech companies from seed stage to public listing. An inaugural fund is expected to launch by 2025, subject to regulatory approval. LAZ stock rose 0.93% to $37.79 following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 2:57 pm