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NVDA

Nvidia is halting the development of its dual-rack GB200 NVL36*2, focusing instead on the single-rack NVL72 due to resource constraints and customer preferences. While this decision aligns with long-term AI trends, it may soften short-term trading sentiment due to frequent product plan changes.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 3:22 pm

CTSO

CytoSorbents shares are trading lower following the announcement of its submission of the drugsorb-ATR medical device de novo marketing application to the FDA.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 3:22 pm

V

Playbux CEO Sarun Vichayabhai discusses the future of Web3, highlighting Playbux's 'real intelligence' technology that combines AI with human traits. Playbux, backed by Visa, aims to revolutionize entertainment by making it more interactive and personalized. The platform allows users to earn through gaming and shopping, with plans to expand its ecosystem.

Portfolio Pulse from Anthony Noto

October 01, 2024 | 3:21 pm

RIOT

Bernstein has raised its price target for Riot Platforms (NASDAQ:RIOT) to $22, maintaining an 'Outperform' rating. The optimistic forecast is based on Riot's strategic focus on Bitcoin mining, its extensive power capacity, and its positioning in the cryptocurrency market. Riot is building the world's largest Bitcoin mining data center in Texas, aiming for a 1-gigawatt power capacity. By 2025, Riot is expected to control 8% of the Bitcoin network. Bernstein projects Riot's revenue to grow at a 149.6% CAGR from 2023 to 2025, with an EBITDA of approximately $1.1 billion in 2025.

Portfolio Pulse from Murtuza Merchant

October 01, 2024 | 3:18 pm

MRVL

Significant investors are showing a mixed but slightly bullish stance on Marvell Technology (MRVL) through options trading. The options activity suggests a price range of $65 to $85 for MRVL, with a current trading price of $70.92. The stock is down by 1.66% and may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 3:16 pm

EBAY

EBIZ

ONLN

eBay Inc. shares are trading lower despite winning a dismissal of an EPA lawsuit. The company is enhancing its UK operations by eliminating selling fees for C2C sellers and planning future buyer-facing fees. Investors can access eBay through ETFs like ProShares Online Retail ETF and Global X E-commerce ETF.

Portfolio Pulse from Lekha Gupta

October 01, 2024 | 3:12 pm

SPY

Federal Reserve's Cook anticipates that AI-driven productivity gains could help counteract inflation, though these improvements may take time to materialize.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 3:11 pm

DIS

Disney's 'Inside Out 2' has become a major success both in theaters and on Disney+, potentially boosting Disney's fourth-quarter financial results. The film's strong performance could positively impact Disney's stock, as it marks significant milestones in both box office and streaming metrics.

Portfolio Pulse from Chris Katje

October 01, 2024 | 3:04 pm

GM

General Motors (GM) reported a 2.2% year-over-year decline in total U.S. deliveries for Q3, with 659,601 vehicles delivered. However, GM's electric vehicle (EV) deliveries surged by 60% year-over-year, reaching 32,095 units, and increased by 46% compared to Q2. The company is on track to end 2024 with a 50-60 day supply of vehicles, with 627,048 units of inventory heading into Q4.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 3:03 pm

GTN

Gray Media and the Chicago Sports Network will broadcast Chicago Bulls, Blackhawks, and White Sox games free to viewers in Rockford, IL, and South Bend, IN, starting next month. This will reach over 500,000 households, offering live games and sports programming.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 3:02 pm