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CIFR

Cipher Mining Inc (NASDAQ:CIFR) shares rose after announcing the acquisition of a 300 MW data center site in West Texas for $67.5 million. The site is ready for large-scale HPC or Bitcoin mining, and Cipher's portfolio is expected to grow to over 2.5 GW across 10 sites.

Portfolio Pulse from Adam Eckert

September 24, 2024 | 2:41 pm

HAIL

PBW

XPEV

XPeng Inc. shares are trading higher due to a new stimulus package from China's Central Bank and a dealership agreement to enter the Qatari market. The company aims to expand its global presence with Pioneer Motors as its partner. XPeng's stock has declined over 39% in the past year, but it is currently up 7.17%. Investors can access XPeng through ETFs like SPDR S&P Kensho Smart Mobility ETF and Invesco WilderHill Clean Energy ETF.

Portfolio Pulse from Nabaparna Bhattacharya

September 24, 2024 | 2:38 pm

BNO

SPY

USO

The market summary highlights President Biden's address on AI and foreign policy at the UN, rising oil prices due to China's stimulus and Middle East tensions, and a fall in the S&P 500 due to weak consumer confidence data.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:35 pm

GOOG

MSFT

NVDA

President Biden emphasized the need for global regulations on artificial intelligence (AI) to ensure it aligns with collective values. As AI technology advances, it is crucial to establish rules that guide its development and application.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:35 pm

MELI

MercadoLibre plans to more than double its distribution centers in Brazil, aiming to enhance its logistics network and improve delivery times. This expansion is part of its strategy to strengthen its market position in Latin America.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:34 pm

BNO

USO

Oil prices are rising due to China's stimulus measures and supply concerns related to Middle East tensions. This development could impact oil-related ETFs like BNO and USO.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:25 pm

NVO

US Senator Bernie Sanders announced that Pharmacy Benefit Managers (PBMs) have agreed to expand coverage for Novo Nordisk's weight-loss drugs if the company reduces the list price. This development could potentially increase the market reach of Novo Nordisk's products.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:21 pm

BABA

NVDA

Alibaba has partnered with Nvidia to enhance AI capabilities in autonomous driving, integrating Alibaba's Qwen LLMs with Nvidia's Drive AGX Orin platform. This collaboration positions Alibaba at the forefront of automotive AI technology. The People's Bank of China's recent interest rate cuts have boosted investor confidence, contributing to a rally in Chinese stocks, including Alibaba. Technical indicators show bullish momentum for Alibaba's stock, though caution is advised as it approaches overbought territory.

Portfolio Pulse from Surbhi Jain

September 24, 2024 | 2:19 pm

TDOC

Lawmakers are drafting a bill to extend telehealth providers' ability to prescribe controlled substances, such as stimulants for ADHD and buprenorphine for opioid addiction, beyond the pandemic-era waivers set to expire at year-end. This move aims to maintain patient access to essential medications.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:17 pm

MU

Micron Technology, Inc. (NASDAQ:MU) is set to release its Q4 earnings, with analysts expecting a significant improvement in earnings and revenue compared to last year. The company recently expanded its product line with the Crucial P310 SSD. Analysts have revised their price targets for Micron, maintaining positive ratings but lowering expectations.

Portfolio Pulse from Avi Kapoor

September 24, 2024 | 2:15 pm