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NVDA

TSM

Taiwan Semiconductor (NYSE:TSM) is reportedly considering expanding its advanced chip packaging capacity in Japan, which could significantly impact the global semiconductor industry. The company is exploring the possibility of establishing facilities for its chip-on-wafer-on-substrate (CoWoS) packaging technology in Japan. This technology enhances processing power, saves space, and reduces power consumption. The demand for advanced semiconductor packaging has surged globally, prompting major chipmakers to increase their packaging capacity. TSMC's potential expansion in Japan follows its recent establishment of a plant and an advanced packaging R&D center in the country. The company's shares have soared over 110% since October 2022, mirroring gains of its key client, NVIDIA Corp (NASDAQ:NVDA).

Portfolio Pulse from Benzinga Neuro

March 18, 2024 | 6:33 am

LH

Labcorp presented new research on the clinical impact of precision diagnostics in guiding biomarker-targeted therapies for patients with epithelial ovarian cancer, highlighting the value of biomarker testing.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 6:32 am

AADI

Aadi Bioscience presented new subgroup analysis at the Society of Gynecologic Oncology, showing efficacy and safety of nab-Sirolimus in treating advanced malignant PEComa of gynecologic origin. This subgroup accounted for over half of the patients in the AMPECT study, with additional data suggesting nab-sirolimus as a potential treatment for mTOR-driven gynecologic cancers.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 6:24 am

AGYS

Agilysys has implemented advanced hospitality technology solutions at South Korea's Mohegan INSPIRE Entertainment Resort. The solutions include Property Management Systems (PMS), Point of Sale (POS), booking, dining reservations, service management, mobile food & beverage ordering, and document imaging to enhance staff and guest experiences.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 6:22 am

FENC

Fennec Pharmaceuticals and Norgine have entered into an exclusive licensing agreement for the commercialization of PEDMARQSI in Europe, Australia, and New Zealand. PEDMARQSI is the first approved therapy in these regions for reducing cisplatin-induced hearing loss in pediatric patients with localized, non-metastatic solid tumors. Fennec will receive €40 million upfront, up to €210 million in milestones, and tiered royalties. Norgine will handle all commercialization activities.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 6:06 am

TSLA

Tesla Inc (NASDAQ:TSLA) is adjusting its sales strategy across different regions to boost sales. In Europe, Tesla announced a price hike of approximately 2000 euros for its Model Y SUV starting March 22nd. In the U.S., a similar announcement was made with a $1000 increase for all Model Y variants starting April 1. Meanwhile, in China, Tesla is offering free paint options for premium Model S or X vehicles from existing inventory. These moves come as Tesla aims to increase its first-quarter deliveries beyond the last quarter of 2023, where it delivered 484,507 vehicles.

Portfolio Pulse from Anan Ashraf

March 18, 2024 | 4:58 am

NVDA

Ahead of Nvidia's GTC 2024 keynote, Wedbush analyst Daniel Ives predicts a significant week for tech, highlighting Nvidia's role in launching the next phase of the AI revolution. The conference, referred to as the 'AI Woodstock,' is expected to showcase new products, use cases, and partnerships. Ives emphasizes the trillion-dollar AI spending wave led by Nvidia's chips, with a focus on the new Blackwell B100 chip. The demand for AI, driven by major tech companies like Microsoft, Google, Amazon, Oracle, and Meta, underscores Nvidia's leadership in AI innovation. Nvidia's stock has seen a 73% surge this year, ranking it third in market cap behind Microsoft and Apple.

Portfolio Pulse from Shanthi Rexaline

March 18, 2024 | 4:52 am

DOGE

SHIB

SOL

WIF

Dogwifhat (WIF), a meme coin on the Solana blockchain, surged 32% after Elon Musk tweeted a photo of his dog in a St. Patrick's Day hat, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB). The tweet led to increased trading activity for meme coins on Solana, with WIF's volume hitting $568 million, surpassing BONK. DOGE and SHIB saw smaller gains of 3% and 8%, respectively.

Portfolio Pulse from Mehab Qureshi

March 18, 2024 | 4:28 am

DOGEUSD

TSLA

Elon Musk humorously discussed the idea of creating the Texas Institute of Technology & Science (T.I.T.S) and an Advanced Social Studies department (A.S.S), with tuition potentially paid in Dogecoin (DOGE). The playful exchange took place during an X Spaces session with Professor Gad Saad and was shared by a Dogecoin enthusiast. Musk, known for blending humor with business, has previously influenced markets and public opinion with his social media interactions. This instance highlights his unconventional approach and the impact of CEOs' social media presence on corporate communication.

Portfolio Pulse from Benzinga Neuro

March 18, 2024 | 3:58 am

AMD

NVDA

TSM

Jim Cramer expressed anticipation for Nvidia CEO Jensen Huang's speech at the GPU Technology Conference, highlighting its potential to be a transformative moment in AI. Nvidia's stock has surged 77% year-to-date, with a record ten-week closing high. The event could further boost Nvidia's stock, with AI advancements expected to be a key focus. Competitor AMD and supplier TSM are also mentioned in relation to the AI market and revenue growth.

Portfolio Pulse from Benzinga Neuro

March 18, 2024 | 3:14 am