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AMD

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NVDA

AMD and Amazon are challenging Nvidia and Microsoft in the AI chip market. AMD unveiled new AI chips and raised its market value forecast for AI chips to $400 billion by 2027. Amazon announced new AWS-designed AI chips, aiming to compete with Microsoft's early AI advantage and deepened its partnership with Nvidia by offering access to next-generation H200 Tensor Core GPUs. Both AMD and Amazon are positioning themselves as strong competitors in the AI and cloud computing sectors.

Portfolio Pulse from Upwallstreet

December 11, 2023 | 7:23 pm

NVO

Novo Nordisk A/S (NASDAQ:NVO) stock has gained over 40% YTD. A JAMA study noted weight regain after stopping Eli Lily's obesity drug, similar to Novo Nordisk's semaglutide. Novo Nordisk was named 2023 Company of the Year by Yahoo Finance. Bernie Sanders plans to hold a hearing on GLP-1 medications' costs, including Novo Nordisk's Ozempic. NVO shares are trading below the 50-day MA but near the 52-week high.

Portfolio Pulse from Erica Kollmann

December 11, 2023 | 7:19 pm

CGC

CRLBF

CURLF

FFNTF

TSNDF

The Benzinga Cannabis Capital Conference (CCC) in 2023 showcased visionaries who have shaped the cannabis industry. Leaders from companies like Phyto Partners, Poseidon Investment Management, Cookies, Grön, Timeless Refinery, Fernway, Advanced Vapor Services, Zuber Lawler LLP, Würk, PharmaCann, Custom Cones USA, 4Front Ventures, Oak Canna & Wellness, MATTIO Communications, Curaleaf Holdings, TerrAscend Corp, and Cresco Labs shared insights on innovation, market strategies, and regulatory challenges. The CCC will return to Florida in 2024, with tickets available at bzcannabis.com. Notable mentions include Martha Stewart's CBD gummy line with Canopy Growth Corp (CGC) and Alexa Alianiello's role in launching cannabis advertising on Twitter.

Portfolio Pulse from Abbey

December 11, 2023 | 6:57 pm

FXI

NVDA

SPY

U.S. Commerce Secretary Raimondo stated that Nvidia is allowed and expected to sell AI chips to China for commercial purposes. The Commerce Department is in talks with Nvidia regarding AI chip sales to China, emphasizing that Nvidia aims to act responsibly.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:53 pm

Sea's stock is trading lower due to reports that TikTok is acquiring a controlling stake in GoTo Gojek Tokopedia's e-commerce subsidiary, potentially increasing competition for Sea.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:50 pm

SNDX

Syndax Pharmaceuticals Inc (NASDAQ:SNDX) stock rose after positive trial results for revumenib in acute leukemias were presented at the ASH Annual Meeting. The AML trial showed a 100% response rate, with 67% achieving MRD negative status. Data from the BEAT AML and AUGMENT-102 trials also showed high rates of CR/CRh and MRD negative status, with several patients proceeding to transplant. SNDX shares increased by 8.9% to $18.14.

Portfolio Pulse from Vandana Singh

December 11, 2023 | 6:47 pm

NEM

Newmont (NYSE:NEM) has seen significant options activity indicating a bullish sentiment among investors, with 62% of trades being bullish and 37% bearish. The options trades suggest a target price range of $37.5 to $42.5 for Newmont over the last 3 months. Notable trades include both calls and puts with varying sentiments and expiration dates. Newmont, the world's largest gold miner, recently acquired Newcrest and is expected to produce 7.3 million ounces of gold in 2023. The stock price is currently down at $38.67 with potential overbought signals. An analyst from Macquarie has set a price target of $45 with an Outperform rating.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 6:46 pm

BLUE

KTTA

MARA

NIR

bluebird bio, Inc. (NASDAQ:BLUE) shares increased by 6.6% after presenting positive gene therapy data at the ASH Annual Meeting. Other stocks experienced significant movement in Monday's mid-day session, with notable gainers including Pasithea Therapeutics Corp. (NASDAQ:KTTA), NextPlay Technologies, Inc. (NASDAQ:NXTP), and MorphoSys AG (NASDAQ:MOR). The Cigna Group (NYSE:CI) shares rose after withdrawing from a merger with Humana Inc. (NYSE:HUM), and Macy's, Inc. (NYSE:M) increased on news of a buyout bid. Conversely, Near Intelligence, Inc. (NASDAQ:NIR) and Troika Media Group, Inc. (NASDAQ:TRKA) fell sharply due to bankruptcy filings, while Altamira Therapeutics Ltd. (NASDAQ:CYTO) dropped after announcing a reverse stock split. Cryptocurrency-related stocks like Marathon Digital Holdings, Inc. (NASDAQ:MARA) and Riot Platforms, Inc. (NASDAQ:RIOT) declined alongside a drop in Bitcoin's price.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 6:13 pm

BTCUSD

Maj. Jason Lowery, a U.S. Space Force engineer and MIT fellow, proposed to the Department of Defense an innovative cybersecurity strategy using a global, private Proof-of-Work (POW) network to make hacking too costly. This approach, inspired by Bitcoin's model, would leverage the global power grid to create a resource-intensive system that is expensive and difficult to exploit. Christopher Alexander, CMO of Pioneer Development Group, believes the concept is feasible and could deter security threats while providing infrastructure advantages. The idea has not been tested outside of Bitcoin, and the high energy demands of POW networks are a concern for U.S. politicians.

Portfolio Pulse from Justin Roberti

December 11, 2023 | 6:11 pm

AAPL

Apple has announced a new feature for the iPhone 15 Pro and iPhone 15 Pro Max, enabling users to record spatial videos with iOS 17.2. These videos can be relived on the upcoming Apple Vision Pro. The feature uses advanced camera systems and computational videography to capture videos in 3D, which can be viewed in 2D on other devices and in immersive 3D on Apple Vision Pro.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:07 pm