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MRK

MRNA

Moderna Inc has paused its plans to build a vaccine manufacturing plant in Kenya due to declining COVID-19 vaccine demand in Africa, leading to over $1 billion in losses and write-downs. The decision reflects a shift in investment strategy away from pandemic preparedness in Africa. Despite this, Moderna shares saw a jump after presenting positive results from a therapy study in collaboration with Merck & Co Inc.

Portfolio Pulse from Vandana Singh

April 11, 2024 | 3:24 pm

AMD

DELL

EGIO

INTC

SMCI

Citron Research highlighted Edge computing's growing industry importance, mentioning recent announcements from Dell, Super Micro Computer, AMD, and Intel. Despite its stock challenges, Edgio (EGIO) reported record revenue and boasts one of the largest edge networks globally, leading to a rise in its shares.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:18 pm

IDAI

Trust Stamp, a technology company specializing in biometric identity verification, announced it will be granted U.S. Patent No. 11,972,637 on April 30, 2024, for its 'Systems and Methods for Liveness-Verified, Biometric-Based Encryption.' This patent solidifies Trust Stamp's position in the market for secure and innovative identity verification solutions.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:09 pm

JACK

Jack In The Box Inc. (NASDAQ:JACK) is partnering with Qu to modernize its Jack In The Box and Del Taco restaurants with Qu's unified commerce platform. This initiative aims to enhance the digital experience, aiming for 20% digital sales by 2026 through multi-brand, omni-channel ordering, and kitchen fulfillment. The technology includes food lockers, digital menu boards, and AI-enabled voice ordering. JACK operates over 2,800 restaurants in 27 states, serving more than 750 million guests annually. JACK shares rose 1.41% to $61.93.

Portfolio Pulse from Shivani Kumaresan

April 11, 2024 | 3:04 pm

GLD

QQQ

SPY

USO

The stock market is showing signs of stabilization following a tamer than expected Producer Price Index (PPI) and the European Central Bank's (ECB) decision to maintain its key interest rate at 4%, with plans to cut rates in June. Positive early trade money flows were observed in major tech stocks, while mixed flows were seen in SPY and QQQ. The article also highlights aggressive buying in Bitcoin, positive gold and mixed oil trading activities, and suggests investors consider protection bands based on individual risk preferences.

Portfolio Pulse from The Arora Report

April 11, 2024 | 3:03 pm

RAN

RanMarine Technology B.V. (NASDAQ:RAN) is set to begin trading on NASDAQ on April 12, with an IPO price of $5.50 per share. The company, an early-stage cleantech firm, specializes in autonomous surface vessels (ASVs) aimed at removing pollutants and collecting water quality data. An insider lock-up period is set for 180 days, ending on October 09, 2024.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 3:00 pm

AAPL

JPMorgan Analyst Samik Chatterjee maintains a bullish outlook on Apple Inc (NASDAQ:AAPL), rating it Overweight with a price target of $210, down from $215. The optimism is based on the anticipated AI-led iPhone upgrade cycle and the resilience of Apple's Services revenues. Chatterjee highlights the valuation reset, the upcoming AI upgrade cycle, and the potential for a revenue surge in FY26 as key reasons for the positive sentiment towards Apple. The stock was up 0.8% to $169.12 at the time of publication.

Portfolio Pulse from Surbhi Jain

April 11, 2024 | 2:49 pm

MRVL

Marvell Technology has secured its third U.S.-based hyperscale customer, collaborating on an AI accelerator currently in design, with plans to take the product to production in 2026.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 2:33 pm

MRVL

Marvell Technology has gained a new U.S.-based hyperscale customer for its AI products, indicating a potential expansion in its market presence and customer base.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 2:27 pm

MRVL

Marvell Technology's executive announced that the company has recorded over $550M in AI-related revenue in 2023, highlighting its significant presence in the AI sector.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 2:24 pm