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CSCO

NVDA

Wharton School finance professor Jeremy James Siegel suggests Nvidia (NVDA) shares could double or triple, drawing parallels to Cisco's (CSCO) performance during the dot-com bubble. Nvidia's stock has surged due to high demand for its AI chips, with a year-to-date increase of 82%. Despite a recent 10% drop, Siegel believes in Nvidia's potential for further growth, potentially reaching a $6.8 trillion market cap. Bank of America maintains a 'Buy' rating on Nvidia, with a price target of $1,100.

Portfolio Pulse from Benzinga Neuro

March 14, 2024 | 3:40 am

BTCUSD

Economist Peter Schiff shared his views on the upcoming Bitcoin halving, stating it will not cut the supply in half but will halve the growth rate of supply. He emphasized the importance of current supply holders' willingness to sell. Cryptocurrency analyst Willy Woo countered Schiff's perspective, highlighting that the halving will cut Bitcoin's inflation rate to half that of Gold, which is doubling every 70 years. This discussion comes as Bitcoin's price remains bullish, recently breaking the $73,000 mark and reaching new highs.

Portfolio Pulse from Benzinga Neuro

March 14, 2024 | 2:19 am

BRPHF

BTCUSD

ETHUSD

Galaxy Digital CEO Mike Novogratz predicts Bitcoin's price floor at $50,000, attributing this to the inflows into U.S. spot Bitcoin ETFs. He suggests Bitcoin could reach $100,000 and highlights the market shift following spot ETF approvals. Novogratz also notes the recent Ethereum rally, anticipating U.S. approval for spot Ethereum ETFs.

Portfolio Pulse from Murtuza Merchant

March 13, 2024 | 11:18 pm

BONKUSD

Bonk (CRYPTO: BONK) has seen a 150% monthly gain, with its market cap reaching $2.03 billion and matching Dogwifhat's trading volume. Franklin Templeton Digital Assets' report and CoinMarketCap's award highlight Bonk's growth and potential. Predictions suggest Bonk could reach a $10 billion market cap within six months, driven by retail and ETF TWAP buys.

Portfolio Pulse from Khyathi Dalal

March 13, 2024 | 11:11 pm

CCJ

DNN

ISENF

UEC

URG

UUUU

Ur-Energy Inc. (NYSE:URG) announced plans to develop its Shirley Basin mine in Wyoming, aiming to nearly double its mine production capacity to 2.2 million pounds of uranium. The decision is driven by a growing uranium sales contract book, strong market prices, and anticipated demand for clean nuclear power. The project, with initial capital costs of $24.4 million and operating expenses of $24.40 per pound, is expected to offer substantial margins given the current uranium price of around $90 a pound. The development comes amid a surge in uranium prices, driven by expectations of a global nuclear power renaissance and potential market disruptions. Other companies like Cameco Corp (NYSE:CCJ), Energy Fuels Inc (NYSE:UUUU), Denison Mines Corp. (NYSE:DNN), Uranium Energy Corp. (NYSE:UEC), and IsoEnergy Ltd (OTC:ISENF) are also expanding their uranium production capacities.

Portfolio Pulse from Matt Whittaker

March 13, 2024 | 10:56 pm

JUSHF

Jushi Holdings Inc. reported strong financial results for Q4 and fiscal year 2023, with gross profit margins of 40.2% and 43.1% respectively. CEO Jim Cacioppo credited operational efficiencies and new product launches, driven by proprietary retail data and consumer insights, for the success. Q4 saw a 24.0% year-over-year revenue increase to $67.8 million, despite a net loss of $18.0 million. The fiscal year revenue was $269.4 million, up 21.7% year-over-year, with a net loss of $65.1 million. Jushi also opened a new dispensary and continued debt reduction efforts.

Portfolio Pulse from Nicolás Jose Rodriguez

March 13, 2024 | 10:43 pm

BLK

BTCUSD

ETHUSD

JPM

Blackrock's announcement of a Bitcoin ETF has significantly boosted BTC's market cap, surpassing major corporations combined. Ethereum, with its crucial blockchain infrastructure and potential for an ETF, is poised for substantial growth, potentially exceeding a trillion-dollar market cap. The surge in Ethereum could lead to increased activity in DeFi protocols built on its blockchain, such as Arbitrum, Optimism, and Polygon, and decentralized applications like Uniswap and AAVE. The DeFi ecosystem's development and revenue generation set the stage for unprecedented growth and validation.

Portfolio Pulse from Finanflix

March 13, 2024 | 10:27 pm

MIRM

The FDA has approved Mirum Pharmaceuticals' LIVMARLI for the treatment of cholestatic pruritus in patients with PFIC aged five and older. Mirum also plans to expand the label for younger patients later this year with a new formulation.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 10:01 pm

SPHR

WIF

Dogwifhat (CRYPTO: WIF), a meme coin built on the Solana blockchain, has raised over $650,000 to feature its image on the Las Vegas Sphere's digital screen, owned by Sphere Entertainment Co (NYSE:SPHR). This campaign has contributed to Dogwifhat reaching a new all-time high of $2.68. The coin's visibility on one of Las Vegas's largest screens is expected to further increase its popularity and market capitalization, which currently stands at $2.65 billion.

Portfolio Pulse from Chris Katje

March 13, 2024 | 9:51 pm

AMSYF

CENX

CLF

GSM

TMC

MX Holdings and Century Aluminum Company (CENX) form a joint venture for low-carbon secondary billet production, aiming for a 2026 start in the Ohio Valley. TMC the metals company Inc. (TMC) supports new U.S. seafloor nodule collection legislation. ArcelorMittal (OTC:AMSYF) buys a 28.4% stake in Vallourec. Ferroglobe PLC (GSM) appoints Carsten Larsen as CCO. Citigroup downgrades Cleveland-Cliffs (CLF) to Neutral with a $22 target. Morgan Stanley downgrades MP Materials (MP) to Equal-Weight with a $15.50 target.

Portfolio Pulse from Austin DeNoce

March 13, 2024 | 9:38 pm