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ADBE

Adobe has launched Frame.io V4, enhancing collaboration across the content creation lifecycle. This update simplifies workflows, enables richer feedback, and supports a wider range of content types including images and PDFs. New integrations with Photoshop and Workfront aim to streamline enterprise collaboration. Frame.io V4, as part of Adobe GenStudio, can be combined with Adobe Express and Adobe Firefly Services for scalable content production.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:03 pm

AMD

GOOG

GOOGL

NVDA

TSLA

UBER

Elon Musk announced a Tesla Robotaxi unveil on 8/8, sparking interest and speculation. While regulatory hurdles remain, the announcement could impact Tesla (TSLA) and Uber (UBER) stocks, as well as AI-related companies like NVIDIA (NVDA), AMD, Alphabet (GOOG/GOOGL), and others. Uber, having shut down its own robotaxi division, might face negative impacts unless it partners with Tesla or another provider. The news also presents potential opportunities for investors in AI stocks.

Portfolio Pulse from The Arora Report

April 09, 2024 | 4:03 pm

Deep-pocketed investors have shown a bearish sentiment towards Micron Technology (NASDAQ:MU), with unusual options activity detected. Benzinga's options scanner revealed 93 extraordinary activities, with a bearish majority. The price target range for MU is between $70.0 to $150.0. Recent trades include both bullish and neutral sentiments, with significant call volumes. Micron, a leading semiconductor company, has seen its stock price slightly decrease by -0.22%, with an average analyst price target of $119.6. Analyst ratings vary from Underweight to Overweight.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 4:01 pm

FEPI

PSI

Micron Technology, Inc. introduced the automotive-grade Micron 4150AT SSD, the world's first quad-port SSD designed for software-defined intelligent vehicles, enhancing AI applications' performance and power efficiency. The SSD addresses the increasing demands of AI and autonomous safety technologies. Micron plans to raise DRAM and SSD product prices by over 25% in Q2. Analysts favor Micron's HBM3E for its efficiency, predicting dominance in the HBM market with potential revenues surpassing $1 billion by 2024. Micron stock has gained over 93% in the past 12 months, with exposure through REX FANG & Innovation Equity Premium Income ETF (FEPI) and Invesco Semiconductors ETF (PSI).

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 4:00 pm

FTMUSD

Andre Cronje, co-founder of the Fantom Foundation, has proposed a new method for issuing meme coins on the Fantom network to enhance investor safety. The proposal includes measures such as the Fantom Foundation acting as a signer for token liquidity pools, allocating up to 5% of tokens for team expenses, 85% for an FTM/token liquidity pool, and a maximum of 10% for marketing. This initiative aims to mitigate risks associated with meme coins, such as token sell-offs and liquidity withdrawal, by ensuring more controlled and fair token distribution.

Portfolio Pulse from Khyathi Dalal

April 09, 2024 | 3:50 pm

ABNB

DIA

NET

A report by Cloudflare Inc (NYSE:NET) highlighted a significant drop in internet traffic during the April 8, 2024, total solar eclipse, with traffic down 8% in bytes delivered and 12% in requests in the U.S. compared to the previous week. States in the path of totality saw even larger declines. The event also led to increased bookings for Airbnb Inc (NASDAQ:ABNB) and could historically suggest gains for the Dow Jones, tracked by SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA), following total solar eclipses.

Portfolio Pulse from Chris Katje

April 09, 2024 | 3:48 pm

ETH

SOL

USDC

USDT

A Bernstein report highlights Solana's (SOL) emerging lead in blockchain payments over Ethereum (ETH), attributing it to Solana's streamlined architecture and efficiency in stablecoin settlements. Despite challenges in scalability and network congestion, Solana's advancements and the broader stablecoin market's growth, dominated by USDC and Tether (USDT), indicate a significant shift in digital payments. The report also notes the increasing adoption of stablecoins by major payment processors and fintech platforms.

Portfolio Pulse from Murtuza Merchant

April 09, 2024 | 3:38 pm

LASE

LHX

Laser Photonics Corporation's stock (LASE) surged by 141.2% after receiving an order for its LaserTower COMPACT marking and engraving system from L3Harris Technologies, Inc (LHX). The financial terms of the deal were not disclosed. The system will be used in L3Harris's semiconductor division in Palm Bay, Florida.

Portfolio Pulse from Shivani Kumaresan

April 09, 2024 | 3:37 pm

INTC

Intel announced at Vision 2024 its commitment to advancing enterprise AI through the introduction of Gaudi 3, an AI Open Systems Strategy, and securing new customer partnerships. This move signifies Intel's strategic focus on open and secure AI solutions across various industries.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:37 pm

NMTC

NeuroOne announced the first implant of its OneRF Ablation Electrodes, marking a significant milestone. This FDA-cleared system is the first thin-film, sEEG-guided RF system capable of recording electrical activity and ablating nervous tissue, featuring temperature control.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:31 pm