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AMD

NVDA

SOXL

SOXS

Direxion Daily Semiconductor Bull 3X Shares (SOXL) surged over 7% on Thursday, driven by gains in NVIDIA (NVDA) and AMD, amid a broader semiconductor sector rally. NVIDIA continues to hit new all-time highs after beating quarterly earnings, while AMD benefits from positive sector sentiment. SOXL, which includes AMD and NVIDIA in its holdings, is in an uptrend, but faces bearish divergence on its RSI. The S&P 500's potential breakout and tech stock gains also support the sector's bullish trend. Direxion Daily Semiconductor Bear 3X Shares (SOXS) is an option for bearish traders.

Portfolio Pulse from Melanie Schaffer

February 29, 2024 | 7:16 pm

PFE

Pfizer Inc (NYSE:PFE) announced that its Abrysvo vaccine for respiratory syncytial virus (RSV) in adults 60 and older maintained efficacy through a second RSV season, according to Phase 3 trial data. The vaccine showed 77.8% efficacy against severe RSV after the second season, with overall efficacy across both seasons at 81.5%. No new adverse events were reported in the second season. Abrysvo, approved by the FDA for preventing infection in infants, generated $890 million in sales in fiscal year 2023. PFE shares dropped 1.07% to $26.76.

Portfolio Pulse from Vandana Singh

February 29, 2024 | 7:04 pm

AUMN

BFLY

ENVB

SCTL

Butterfly Network, Inc. (BFLY) shares fell by 22% after reporting a larger-than-expected GAAP loss for Q4, despite beating sales estimates. Other stocks experienced significant movements, with Enveric Biosciences, Inc. (ENVB) and Societal CDMO, Inc. (SCTL) among the top gainers, while J-Long Group Limited (JL) and Golden Minerals Company (AUMN) led the losers.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 7:00 pm

C3.Ai, Inc. (NYSE:AI) sees positive analyst outlook amid unprecedented AI demand, with Wedbush raising its price target to $40 from $35 following Q3 revenue beat. Other analysts also provided updates, highlighting the company's growth potential, partner ecosystem strength, and the impact of generative AI on customer engagement. Despite concerns about technological differentiation and model visibility, the consensus points towards significant growth opportunities for C3.Ai.

Portfolio Pulse from Nabaparna Bhattacharya

February 29, 2024 | 6:57 pm

SIDU

Sidus Space, identified by its ticker SIDU, has received a Notice of Allowance for its U.S. patent application 18/357,383, titled 'Three Dimensional Print Head Apparatus'. This development marks a significant milestone for the company in securing intellectual property rights for its 3D printing technology.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:52 pm

AMZN

CELH

Celsius Holdings Inc (NASDAQ:CELH) shares hit all-time highs after reporting Q4 revenue of $347.44 million and EPS of 17 cents, surpassing estimates. CEO John Fieldly remains optimistic about the energy drink maker's growth potential, highlighting its position as the third-largest in the U.S. and the best-selling brand on Amazon. The company's focus on health-conscious consumers and innovative products like the 'Fizz-free' line are key growth drivers.

Portfolio Pulse from Adam Eckert

February 29, 2024 | 6:46 pm

AGFY

Agrify Corporation's stock price increased following the announcement of a $3.4 million sales order from HarvestWorks Farm.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:41 pm

MAGQ

MAGS

MAGX

Roundhill Investments has expanded its ETF lineup with the introduction of the Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and the Roundhill Daily 2X Long Magnificent Seven ETF (MAGX), offering inverse and leveraged exposure to the Magnificent Seven stocks (MSFT, AAPL, GOOG, GOOGL, AMZN, META, NVDA, TSLA). The original Roundhill Magnificent Seven ETF (MAGS) has seen significant growth, with assets under management reaching $152 million and a year-to-date increase of nearly 14%.

Portfolio Pulse from Piero Cingari

February 29, 2024 | 6:36 pm

XPEV

Xpeng shares are trading higher following the announcement of a partnership with Volkswagen to jointly develop two B-class battery electric vehicles, signaling a significant collaboration in the electric vehicle sector.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:21 pm

ETHUSD

On Wednesday, 12,634.09 Ether (ETH) worth approximately $43.4 million was burned, permanently removing it from circulation. This action follows the Ethereum blockchain's EIP-1159 upgrade on August 5, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -15.94% yesterday.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 6:00 pm