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SONY

Russian President Vladimir Putin has directed the government to establish a domestic gaming industry, focusing on the development of stationary and portable consoles, an operating system, and cloud infrastructure for game delivery. This initiative is in response to major game companies like Sony, Microsoft, and Nintendo halting sales to Russia due to its invasion of Ukraine. Despite challenges such as a lack of expertise and potential restrictions on advanced chips, the government, led by Prime Minister Mikhail Mishustin, has until June 15 to explore the proposal. VK, a Russian technology company, may lead the project, which could take up to 10 years to develop. Collaboration with China for a portable console similar to Valve's Steam Deck is also being considered.

Portfolio Pulse from Franca Quarneti

April 01, 2024 | 6:24 pm

LQDA

Liquidia (NASDAQ:LQDA) has been analyzed by 5 analysts in the last three months, showing unanimous bullish sentiment. The average 12-month price target for LQDA is $28.8, with a high of $32.00 and a low of $28.00, marking a significant increase from the previous target of $20.67. The company, focused on pulmonary hypertension treatments, faces financial challenges with a -15.47% revenue decline and a net margin of -605.83%. Despite these challenges, analysts maintain or raise their buy ratings, reflecting optimism in Liquidia's potential.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 6:00 pm

WSC

WillScot Mobile Mini (NASDAQ:WSC) has received mixed analyst ratings over the last three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target among analysts is $53.14, slightly down from the previous average. The company specializes in flexible workspace and portable storage solutions, showing solid financial performance with a 3.7% revenue growth rate and a notable net margin of 14.1%. However, it faces challenges with a high debt-to-equity ratio of 3.01.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 6:00 pm

TONUSD

Telegram has launched a new advertising system powered by Toncoin (CRYPTO: TON), allowing channel owners with over 1,000 subscribers to earn 50% of ad revenue. This system emphasizes privacy and creator revenue sharing, offering a unique alternative in social media advertising. The system's success and its impact on social media monetization will be further discussed at Benzinga's Future of Digital Assets event.

Portfolio Pulse from Murtuza Merchant

April 01, 2024 | 5:52 pm

BIDU

MARA

TLT

WYNN

Stocks fell as the dollar and Treasury yields rose following upbeat manufacturing data, indicating concerns over delayed Federal Reserve rate cuts. The ISM Manufacturing PMI for March exceeded expectations, leading to a rise in the U.S. dollar index and Treasury yields. The iShares 20+ Year Treasury Bond ETF (TLT) dropped over 2%, and the Cboe Volatility Index (VIX) surged by 8%. Commodities remained resilient, with gold, copper, and oil prices rallying. Bitcoin dropped below $69,000. Major indices and ETFs like SPY, DIA, and QQQ showed mixed performance. Sector-wise, XLE outperformed while XLRE lagged. Notable stock movements included a significant rise in Micron Technology (MU) and gains in Chinese stocks like BIDU, PDD, NIO, and BABA. Crypto-related stocks MARA and RIOT fell, while casino stocks WYNN and LVS rose.

Portfolio Pulse from Piero Cingari

April 01, 2024 | 5:48 pm

ETH-USD

Ethereum co-founder Vitalik Buterin introduces 'Degen Communism,' a novel political ideology aimed at embracing chaos for the common good, applicable to crypto projects and other sectors. The concept comes as the crypto market, including Ethereum and meme coins like Dogecoin, experiences volatility. Buterin's idea suggests modifying rules and incentives to ensure equitable benefits and minimized risks, especially in volatile markets.

Portfolio Pulse from Ivan Crnogatić

April 01, 2024 | 5:38 pm

AMD

AVGO

INTC

MRVL

NVDA

BofA Securities analyst Vivek Arya highlighted Nvidia Corp (NVDA) and Broadcom Inc (AVGO) as top picks in the AI market, with a significant growth forecast. Arya also identified AMD, Micron (MU), and Marvell Technology (MRVL) as emerging contenders benefiting from the market expansion. Arya's analysis suggests a doubling of the AI accelerator market to $200 billion by 2027, with NVDA expected to maintain a dominant share. Price targets for NVDA, AVGO, AMD, MU, and MRVL were provided, reflecting optimism in their growth potential within the AI sector.

Portfolio Pulse from Anusuya Lahiri

April 01, 2024 | 5:33 pm

SRZN

Surrozen Inc (NASDAQ:SRZN) announced a private placement for common stock and warrants, aiming to raise approximately $192.5 million if all warrants are exercised. The initial proceeds of about $17.5 million will support the SZN-043 clinical development for severe alcohol-associated hepatitis and other purposes. The funds, along with existing cash, are expected to cover expenses through the first half of 2025. Surrozen also updated on the Phase 1a trial of SZN-043, showing safety and potential efficacy. SRZN shares dropped 27.1% to $11.00.

Portfolio Pulse from Vandana Singh

April 01, 2024 | 5:14 pm

MSFT

OpenAI announced that starting Monday, users will be able to use ChatGPT instantly without the need for signing up. This move is expected to significantly increase the accessibility and usage of ChatGPT.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 5:13 pm

BYDDY

TSLA

BYD Co. Ltd. reported a year-over-year increase in Q1 BEV sales but saw a decline from the previous quarter. Despite this, Tesla, Inc. is expected to report a year-over-year drop in deliveries for the first time since COVID-19, potentially allowing BYD to maintain its lead as the world's biggest battery EV manufacturer. Tesla's Q1 delivery estimates are lower than consensus, amid slowing EV adoption and intense competition.

Portfolio Pulse from Shanthi Rexaline

April 01, 2024 | 5:10 pm