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SMCI

Super Micro Computer (SMCI) shares are trading higher following an announcement that Meta has increased its capital expenditure outlook due to intensified efforts in artificial intelligence.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:26 pm

NVDA

60 Minutes featured Nvidia, highlighting its achievement of surpassing $2 trillion in stock market value and its pivotal role in the AI revolution through its software and GPU innovations. The report by Bill Whitaker will air on Sunday.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:23 pm

NTDOY

Nintendo ADR (OTC:NTDOY) has issued takedown notices to Facepunch Studios, the developers of Garry's Mod, demanding the removal of Nintendo-related content from the game. This action affects content accumulated over nearly two decades. The enforcement of intellectual property rights by Nintendo has been consistent, as seen in previous actions against emulator projects like Dolphin and Yuzu. The removal of Nintendo-themed content from Garry's Mod represents a significant change for the game, which has included such content since its inception.

Portfolio Pulse from Franca Quarneti

April 25, 2024 | 7:22 pm

AZO

Recent options market activity indicates a bearish sentiment on AutoZone (NYSE:AZO), with a notable split among traders. Benzinga's options scanner revealed 14 trades, showing a mix of bullish (28%) and bearish (42%) sentiments. The focus is on a price band between $2600.0 and $3100.0. AutoZone, a leading retailer of aftermarket automotive parts, has seen its stock price decrease by -1.79%, currently at $2934.99. Analysts from Evercore ISI Group and Truist Securities have issued positive ratings, with target prices of $3346 and $3523, respectively.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 7:01 pm

DOGEUSD

SHIBUSD

Pseudonymous crypto influencer 'Reflection' shared techniques for identifying low-cap altcoins poised for significant growth, emphasizing market cycles, investor emotions, and the 'I'm done' pattern. He advises buying during low enthusiasm phases and focusing on coins with strong fundamentals and potential for price surges. Reflection's insights highlight opportunities in the crypto market's inefficiencies, particularly in altcoins like Dogecoin, Shiba Inu, and Dogwifhat, which meet his criteria for potential growth.

Portfolio Pulse from Khyathi Dalal

April 25, 2024 | 6:51 pm

TSLA

Billionaire investor Ron Baron predicts a significant rise in Tesla Inc (NASDAQ:TSLA) stock, citing the company's recent focus on launching new models and developing an affordable vehicle as key drivers. Despite a 34% drop year-to-date due to concerns over slowing electric vehicle demand, Baron believes Tesla's direction, especially its low-cost car initiative and robotaxi plans, will lead to a substantial stock rebound. Tesla's advantage in data collection from its sold cars positions it strongly against competitors in the robotaxi market. Baron's confidence is bolstered by recent advancements in Tesla's software, propelled by AI.

Portfolio Pulse from Adam Eckert

April 25, 2024 | 6:46 pm

AIRE

ReAlpha Tech Corp. (NASDAQ:AIRE) shares surged 93% Wednesday following the announcement of its AI-powered tool, Claire, aimed at revolutionizing the homebuying process. Claire utilizes over 400 data attributes to match buyers with homes, provide market insights, and assist with queries. Despite the innovation, the company reported Q1 losses of 3 cents per share and $20,430 in sales. The stock continued its upward momentum, rising 16.4% to $1.35.

Portfolio Pulse from Erica Kollmann

April 25, 2024 | 6:36 pm

IMAX

Imax Corporation (NYSE:IMAX) reported Q1 earnings of 15 cents per share, surpassing the analyst consensus of 10 cents by 50%. Quarterly sales reached $79.12 million, exceeding estimates by 1.21%. The company installed 15 Imax systems, a 67% increase year-over-year, and signed 17 new or upgraded system deals. Global box office revenue hit $261 million, driven by major releases and local language films. Despite the positive results, Imax shares dropped 3.45% to $17.05.

Portfolio Pulse from Erica Kollmann

April 25, 2024 | 6:29 pm

TTOO

T2 Biosystems has received a Notice of Allowance for a U.S. patent titled 'METHODS AND SYSTEMS FOR AMPLIFICATION IN COMPLEX SAMPLES', covering diagnostic and therapeutics methods for pathogens in whole blood. This development could enhance T2 Biosystems' product offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:55 pm

AMZN

DIS

GOOG

The NBA is in negotiations for new media deals, aiming for higher payments for broadcasting fewer games. Current discussions involve ESPN and TNT for traditional broadcasting rights, while potential streaming packages are being explored with Amazon and YouTube. This strategic move could reshape the sports broadcasting landscape, impacting the financial dynamics for involved companies.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:44 pm