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NVDA

NVIDIA shares are trading lower due to a pullback in the tech sector following the release of February's Producer Price Index (PPI) data. Additionally, a blog post from March 11 comparing NVIDIA's H100 to Intel's Gaudi 2 has been circulating on social media, potentially influencing investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 4:38 pm

IMRX

Immuneering Corporation (NASDAQ:IMRX) announced positive topline results from the Phase 1 trial of IMM-1-104 for treating advanced RAS-mutant solid tumors. The trial showed promising efficacy and safety profiles, with significant lesion regression and no new acquired alterations in RAS or MAPK pathway genes. Immuneering has selected a 320mg dose for the Phase 2a study, with initial Phase 2a data expected in 2024. Despite the positive news, IMRX shares dropped 44.80% to $3.25.

Portfolio Pulse from Vandana Singh

March 14, 2024 | 4:36 pm

PHUN

Phunware has submitted a patent application for a 'Hybrid Organizational System For Data Management And Tracking (Using A Blockchain Architecture)'. This move indicates Phunware's commitment to innovating in data management and tracking through blockchain technology, potentially enhancing its offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 4:36 pm

DOGE

MYRO

SHIB

Myro (CRYPTO: MYRO), dubbed the 'Shiba Inu of Solana', surged 31% in 24 hours, reaching a new all-time high of $0.4378 and a market cap over $400 million. This follows recent listings on Uphold and SunCrypto, and a positive outlook from analysts and traders. Comparatively, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) saw gains of 8.5% and 2.5% respectively. Traders predict further significant growth for Myro, with technical analysis suggesting a potential rise to $2.17.

Portfolio Pulse from Khyathi Dalal

March 14, 2024 | 4:35 pm

AAPL

BOTZ

MSFT

NVDA

SMH

Nvidia Corp (NASDAQ:NVDA) is set to host its annual AI conference, GTC, with expectations of unveiling significant news to continue its stock rally. The event, dubbed 'AI Woodstock' by Bank of America analysts, is anticipated to reveal the next-generation AI processor, the B100, and further Nvidia's dominance in the AI market. Nvidia's market cap recently surpassed $2 trillion, closely trailing Apple Inc (NASDAQ:AAPL) and Microsoft Corp (NASDAQ:MSFT). Analysts project an 81% revenue surge to $110 billion this year for Nvidia. Investors can also gain exposure to Nvidia through the VanEck Semiconductor ETF (NASDAQ:SMH) and Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ).

Portfolio Pulse from Anusuya Lahiri

March 14, 2024 | 4:30 pm

AZN

AstraZeneca Plc (NASDAQ:AZN) has announced the acquisition of Amolyt Pharma for up to $1.05 billion, aiming to enhance its endocrine disease pipeline. The deal includes an $800 million upfront payment and a potential additional $250 million contingent on regulatory milestones. This acquisition strengthens AstraZeneca's Alexion Rare Disease pipeline with the addition of eneboparatide (AZP-3601), a Phase 3 investigational peptide for hypoparathyroidism, a condition affecting an estimated 115,000 people in the U.S. Phase 2 data of eneboparatide showed promising results in normalizing serum calcium levels and potentially eliminating the need for daily calcium and vitamin D supplementation.

Portfolio Pulse from Vandana Singh

March 14, 2024 | 4:26 pm

LAC

Lithium Americas Corp. (NYSE:LAC) shares rose after announcing a conditional commitment from the U.S. Department of Energy for a $2.26 billion loan to finance construction at Thacker Pass, aimed at producing 40,000 tonnes per year of lithium carbonate. This financing is part of the Advanced Technology Vehicles Manufacturing loan program, supporting the U.S. in leading global electrification and strengthening battery supply chains.

Portfolio Pulse from Erica Kollmann

March 14, 2024 | 4:16 pm

AVAXUSD

Avalanche (AVAX) is trading lower by 2.65% at $53.36, amid a broader downturn in altcoins and a 2.5% drop in Bitcoin to $71,500. The article discusses how Bitcoin's price movements impact Avalanche, noting that Bitcoin's appreciation often leads to increased interest and investment in altcoins like Avalanche. It highlights Avalanche's innovative consensus mechanism and scalability, suggesting that Bitcoin's success could drive growth and development in the Avalanche ecosystem.

Portfolio Pulse from Henry Khederian

March 14, 2024 | 4:05 pm

GM

LAC

Lithium Americas (NYSE:LAC) has received a $2.26 billion loan from the U.S. Department of Energy for its Thacker Pass project in Nevada, the largest lithium deposit in the U.S. This funding, part of the Inflation Reduction Act, aims to support the construction of a lithium carbonate processing plant crucial for electric vehicle batteries and renewable energy sources. General Motors (NYSE:GM) has invested $650 million in the project, securing exclusive access to its Phase 1 lithium production.

Portfolio Pulse from Stjepan Kalinic

March 14, 2024 | 4:02 pm

GTBIF

Green Thumb Industries Inc. (GTBIF) is expanding its operations in anticipation of recreational marijuana legalization in several states and is strategically managing its finances through share buybacks and debt repurchase. Despite a recent 13% decrease in stock price, the company's valuation remains above the industry average, reflecting investor confidence. The cannabis sector's future growth is tied to legislative changes and state-level market expansions.

Portfolio Pulse from Nicolás Jose Rodriguez

March 14, 2024 | 3:59 pm