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IDAI

Trust Stamp President Andrew Gowasack commented on the U.S. Court of Appeals for Fifth Circuit's decision, highlighting the significance for AI-based age estimation services. The decision supports the use of digital facial images for age verification, aligning with Trust Stamp's technology that ensures no biometric data is stored. The Texas statute, HB 1181, imposes penalties on non-compliant sites, indicating a potential rush for compliance. Gowasack sees vast opportunities for their AI-Powered solution in both online and in-person age verification applications.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 2:03 pm

TSLA

Tesla Inc (NASDAQ:TSLA) faces challenges with a -12.5% decline over the past year and -30% year-to-date. Production issues in China and a downturn in the Cybertruck's resale market have contributed to investor concerns. Technical analysis indicates a bearish outlook, with Tesla's stock falling below key moving averages and indicators like MACD, RSI, and Bollinger Bands suggesting further declines.

Portfolio Pulse from Surbhi Jain

March 22, 2024 | 1:59 pm

BMO

LBO

PSP

The Carlyle Group Inc. (NASDAQ:CG) and Bank of Montreal (NYSE:BMO) have partnered to launch a private equity strategy for Canada, aimed at accredited investors through BMO Global Asset Management. This strategy, available this spring, will provide access to a global diversified private equity portfolio via a single fund. The initiative is part of BMO Global's effort to expand access to private markets for Canadian investors. Investors can also gain exposure to Carlyle through Invesco Global Listed Private Equity ETF (NYSE:PSP) and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO). CG shares saw a slight decrease of 0.58% to $47.12.

Portfolio Pulse from Lekha Gupta

March 22, 2024 | 1:44 pm

AMD

NVDA

SMH

AMD's stock has experienced significant volatility, with a notable drop of 23.5% from its high despite strong AI narratives and institutional support. Analysts highlight a valuation gap between AMD and Nvidia, suggesting potential for AMD's growth. Micron Technology's recent success and the overall semiconductor sector's rally, including the VanEck Semiconductor ETF (SMH), underscore the sector's strength. AMD's ability to compete and meet earnings forecasts could lead to a substantial return for investors.

Portfolio Pulse from Neil Dennis

March 22, 2024 | 1:41 pm

THTX

Theratechnologies Inc. announced it will phase down its preclinical oncology research activities to focus on its Phase 1 clinical trial of sudocetaxel zendusortide in advanced ovarian cancer patients. The company aims to leverage its SORT1+ Technology platform data to attract an R&D partner. It also plans to present preclinical data at the AACR annual meeting. The restructuring is expected to result in charges of approximately $1.395 million during 2024, aligning with its goal of achieving positive Adjusted EBITDA.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 1:39 pm

ARKG

ARKK

ARKQ

BTCUSD

ARK Investment Management LLC predicts five disruptive technologies (AI, Energy Storage, Robotics, Multiomics, and Public Blockchains) could reach a market value of $220 trillion by 2030. These technologies are expected to drive significant economic growth and productivity. ARK's ETFs, ARKK, ARKQ, and ARKG, track the progress in AI, Robotics, and Genomics, respectively. The report also highlights the potential of cryptocurrencies, especially Bitcoin, to stabilize renewable energy grids and compete with fiat currencies.

Portfolio Pulse from Piero Cingari

March 22, 2024 | 1:26 pm

GOOGL

UMGNF

Tennessee Governor Bill Lee signed the 'ELVIS Act' into law, aimed at protecting artists from unauthorized AI use of their vocal likeness. This first-of-its-kind law in the U.S. underscores the importance of safeguarding artists' intellectual property amidst the rise of AI technologies. The law, effective July 1, allows civil action against unauthorized AI exploitation of artists' voices or likenesses. It reflects bipartisan support and Tennessee's commitment to its music industry. Meanwhile, Universal Music Group and others are taking legal actions against AI misuse, while some artists explore AI's potential in music production.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 1:22 pm

OTLK

Outlook Therapeutics' stock price increased following the announcement that the European Union CHMP has given a positive opinion on ONS-5010 for treating Wet AMD.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 1:20 pm

MTNB

Matinas BioPharma reported a complete clinical response in three patients with serious invasive Fusarium infection after treatment with MAT2203, indicating positive outcomes from its drug trial.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 1:16 pm

BTCUSD

ETHUSD

LULU

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed performance amid a decrease in weekly jobless claims. Ripple's CEO comments on SEC's actions against Ethereum and XRP. Lululemon's weak outlook impacts pre-market session alongside Nike. US political tensions rise with Marjorie Taylor Greene's statements. Taiwan's tech surge and China's investigation into PwC over Evergrande fraud affect the global economy. Apple faces an antitrust lawsuit, while Tesla's Cybertruck production ramps up. Air travel costs are expected to rise due to airlines passing on decarbonization expenses. Various companies face legal and market challenges.

Portfolio Pulse from Akanksha Bakshi

March 22, 2024 | 1:13 pm