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AMD

INTC

NVDA

Nvidia Corp (NVDA) stock is trading higher due to progress in the Chinese market and a positive outlook from B of A Securities analyst Vivek Arya, who maintains a Buy rating and a $700 price target. Nvidia is seen as a major player in the AI accelerator market, expected to maintain a 75%+ market share. Arya also upgraded AMD (Advanced Micro Devices Inc) to Buy with a $165 price target, citing potential market share gains in the accelerator market. Intel Corp (INTC) was upgraded to Neutral with a $50 price target, as the company announced new AI chips and retained its chip manufacturing division. NVDA shares were up 1.43% at $490.39.

Portfolio Pulse from Anusuya Lahiri

December 15, 2023 | 5:38 pm

SPOT

Spotify Technology (NYSE:SPOT) is testing an AI-driven feature for creating personalized playlists, as revealed in a TikTok video. Users can interact with an AI chatbot to generate playlists based on prompts or themes. While Spotify has confirmed the test, details on the technology and launch timeline are undisclosed. The AI playlist initiative aligns with Spotify's strategy to integrate AI into its services, including an AI DJ launched earlier. CEO Daniel Ek has indicated further AI applications in development. SPOT shares dropped by 1.67% to $196.15.

Portfolio Pulse from Anusuya Lahiri

December 15, 2023 | 5:35 pm

XCUR

Exicure has received a notice of allowance for its U.S. patent application 17/405,068, which covers the multivalent delivery of immune modulators by liposomal spherical nucleic acids for prophylactic or therapeutic applications. This development could potentially strengthen Exicure's intellectual property portfolio and enhance its position in the field of gene regulatory and immunotherapeutic drugs.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:32 pm

EADSY

Airbus SE (OTC:EADSY) has secured a significant order from Turkish Airlines for 220 aircraft, including 150 A321s and 70 A350s. This deal increases Turkish Airlines' total Airbus order to 504 planes, with 212 already delivered. Airbus has also been in advanced talks with Atos regarding its cybersecurity division BDS. In November, Airbus delivered 64 aircraft, totaling 623 deliveries for the year. EADSY shares closed down 1.26% at $38.50.

Portfolio Pulse from Nabaparna Bhattacharya

December 15, 2023 | 5:32 pm

GELYF

GELYY

LI

NIO

Zeekr, the premium EV brand of Chinese automaker Geely (OTC:GELYF), has launched its own rapid-charge lithium iron phosphate batteries, which can charge to deliver a 500 km range in just 15 minutes. The technology will debut in the upcoming 007 sedan. This development is part of a broader trend among Chinese EV manufacturers, like Nio Inc (NYSE:NIO) and Li Auto Inc (NASDAQ:LI), to advance their battery technologies. Nio is considering spinning off its battery unit, while CATL's fast-charging batteries are used in Li Auto's vehicles. Geely's shares (OTC:GELYY) fell by 0.98% to $20.66.

Portfolio Pulse from Shivani Kumaresan

December 15, 2023 | 5:17 pm

CL

Colgate-Palmolive Company (NYSE:CL) shares are in focus following a study indicating CBD's safety for dental pain management, potentially boosting organic sales growth to 4.5% in fiscal 2024. BofA Securities analyst Bryan Spillane upgraded the stock from Neutral to Buy and increased the price target from $75 to $90, citing expected growth above long-term targets, positive US volume and market share, growth in emerging markets, and margin expansion. CL shares rose 0.27% to $76.48.

Portfolio Pulse from Priya Nigam

December 15, 2023 | 5:13 pm

FOX

PUMSY

UL

PUMA SE (OTC:PUMSY) is ending its sponsorship of Israel's national soccer team after 2024, citing business reasons and a 'fewer-bigger-better strategy', not due to boycotts or the Middle East conflict. The BDS movement claims credit for the end of the sponsorship, which began facing boycotts in 2018. Puma also plans to end its partnership with Serbia's team after 2024 and will evaluate other partnerships. The news comes as Israel competes for a spot in Euro 2024, with Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA) holding U.S. TV rights. Puma is a major player in soccer, sponsoring top players and clubs, and was the third-largest sponsor at the 2022 World Cup. Unilever PLC (NYSE:UL), through its brand Ben & Jerry's, faced similar BDS pressure, leading to a halt in sales in the West Bank.

Portfolio Pulse from Chris Katje

December 15, 2023 | 5:07 pm

FIVN

Deutsche Bank has reaffirmed its Buy rating on Five9 (NASDAQ: FIVN) and increased its price target from $85.00 to $90.00. Five9's stock is currently trading at $82.84, and the new price target suggests an 8.64% upside potential. Five9 provides cloud-native contact center software and a range of services including digital self-service and workforce optimization.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 5:00 pm

NIO

TSLA

Shares of Chinese EV company NIO Inc. (NYSE:NIO) are on the rise following the announcement that it plans to launch its Firefly brand in Europe by 2025. The brand will focus on smaller, family-oriented vehicles. Despite not disclosing pricing details, the expansion into Europe comes as Chinese EV makers seek new markets amid slowing domestic demand and competition from Western manufacturers. The European Union is scrutinizing Chinese EV imports for potential competition rule violations. NIO faces increasing losses due to a price war with Tesla, Inc. (NASDAQ:TSLA) and has cut its workforce by 10% and is considering division separations and partnerships to finance initiatives like battery swapping. NIO's stock price increased by 1.17% to $7.95.

Portfolio Pulse from Nabaparna Bhattacharya

December 15, 2023 | 4:52 pm

F

GM

SPY

STLA

An auto industry group has expressed concerns to the Biden administration regarding proposed vehicle regulations. The group argues that these rules could compel automakers to halt the production of many gas-powered vehicles earlier than planned, potentially impacting the industry's transition to electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 4:45 pm