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NVDA

SMCI

The Market Ear report highlights the potential for AI to drive significant productivity gains across various sectors, potentially leading to a new market high with the S&P500 reaching a fair value of 5,900. The article illustrates AI's potential through Suno, an AI music company, which can create songs based on prompts. It suggests that while AI may disrupt traditional roles in music and other industries, investing in AI technology providers like Super Micro Computer, Inc. (SMCI) and Nvidia Corporation (NVDA) could be a safer bet.

Portfolio Pulse from David Pinsen

March 28, 2024 | 2:57 pm

SY

So-Young International Inc. (NASDAQ:SY) reported a pivot to profitability and a focus on high-end services, leading to a 19% revenue increase last year. The launch of So-Young Prime and a strategic shift away from smaller clinics contributed to this success. Despite challenges from COVID-19 and regulatory crackdowns, the company's shift towards premium services and direct provision of cosmetic products and services shows promise. A $25 million share repurchase and a special cash dividend were announced, although a modest revenue growth forecast tempers optimism.

Portfolio Pulse from The Bamboo Works

March 28, 2024 | 2:55 pm

NVO

Novo Nordisk's stock price increased following the announcement that some US insurers have expanded their coverage of Wegovy, a medication produced by Novo Nordisk, to include certain Medicare recipients with heart-related conditions.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:54 pm

AAUKF

NVDA

SFRRF

TECK

Artificial intelligence (AI) is driving a surge in global copper demand, impacting stocks like Nvidia Corp (NASDAQ:NVDA) and boosting the prospects of copper mining companies. Analyst Dominic O'Kane from JPMorgan highlights the growing need for copper in AI applications, particularly in datacenters, and identifies top copper stock picks: Anglo American PLC (OTCQX:AAUKF) (OTCQX:NGLOY), Teck-Resources Ltd. (NYSE:TECK), and Sandfire Resources Ltd (OTCPK: SFRRF). These companies are well-positioned to benefit from the increased demand for copper, driven by AI's expansion.

Portfolio Pulse from Surbhi Jain

March 28, 2024 | 2:48 pm

FXI

TSLA

Xiaomi has received over 20,000 orders within the first 7 minutes of unveiling its electric vehicle (EV), indicating strong market interest.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:38 pm

WNNR

ZPTA

Zapata AI and Andretti Acquisition Corp. (NYSE:WNNR) have completed their business combination, with Zapata AI's shares set to trade on Nasdaq under the ticker 'ZPTA'. This move provides Zapata AI with the financial flexibility to fuel innovation and drive enterprise customer acquisition, leveraging its proprietary industrial generative AI techniques. The company, now operating as Zapata AI, aims to solve complex industrial-scale problems for enterprises and government customers, including notable names like Sumitomo Mitsui Trust Bank and DARPA. Zapata AI's offerings, including Zapata AI Sense and Zapata AI Prose, are powered by its Orquestra reference architecture, supporting integration across multiple cloud environments.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:31 pm

ROMJF

Rubicon Organics Inc. (OTC:ROMJF), a leading organic certified premium cannabis producer, reported a net revenue of $40.1 million for the year ended December 31, 2023, a 13% increase from the previous year. The company achieved its seventh consecutive quarter of positive Adjusted EBITDA and sixth consecutive quarter of positive operating cash flow, despite competitive pricing pressures and broader negative macroeconomic factors. Gross profit before fair value adjustments was $14.1 million, up 15% from 2022. The company's Wildflower brand is the top topical brand in Canada with a 21.8% market share. Looking ahead to 2024, Rubicon Organics is optimistic, particularly about the launch of full spectrum extract resin vapes under the 1964 Supply Co. brand.

Portfolio Pulse from Nicolás Jose Rodriguez

March 28, 2024 | 2:25 pm

CVS

ELV

HUM

NVO

Major U.S. health insurers including CVS Health Inc (CVS), Elevance Health Inc (ELV), and Kaiser Permanente will start covering Novo Nordisk A/S's (NVO) Wegovy, an anti-obesity drug, for certain Medicare patients with heart-related conditions. This decision, following new CMS guidelines, marks a significant policy shift as weight-loss drugs were previously excluded from Medicare coverage. The coverage extension could lead to increased drug spending for insurers. Novo Nordisk's shares rose 0.83% to $129.11.

Portfolio Pulse from Vandana Singh

March 28, 2024 | 2:25 pm

AKAN

META

Akanda Corp. announced that Canmart, its wholly-owned subsidiary, plans to integrate social shopping technology on Facebook and Instagram, aiming to enhance its market presence and customer engagement.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:11 pm

SPOT

Universal Music Group and Spotify have expanded their strategic relationship, allowing Spotify to distribute music videos in the US. This move could enhance Spotify's content offerings and potentially attract more users and advertisers, leveraging Universal Music Group's extensive catalog of music videos.

Portfolio Pulse from Charles Gross

March 28, 2024 | 2:04 pm