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AVGO

IWF

XLK

Broadcom Inc (NASDAQ:AVGO) has launched the Sian 2 DSP, a high-performance digital signal processing PHY for AI data centers, reinforcing its leadership in optical DSP PHYs. The company reported strong Q3 growth and expects AI semiconductor revenue to rise significantly in 2024. Analysts remain bullish on Broadcom, with no bearish recommendations.

Portfolio Pulse from Anusuya Lahiri

September 23, 2024 | 5:05 pm

COSM

Cosmos Health Inc. (NASDAQ:COSM) has received initial orders exceeding $500,000 for its C-Scrub product in the UK, with future orders expected to grow. The company anticipates strong profitability due to high profit margins.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 4:59 pm

SHEL

Shell is monitoring Tropical Disturbance 35 for potential impacts on its Gulf of Mexico operations. Production has been shut at the Stones asset and curtailed at Appomattox. Non-essential personnel are being evacuated from the Mars Corridor, with no other production impacts reported.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 4:54 pm

BABA

BIDU

CQQQ

FXI

KWEB

MCHI

NIO

XPEV

Chinese stocks rallied to four-month highs after the People's Bank of China cut interest rates and injected liquidity, boosting hopes for economic stimulus. The iShares China Large-Cap ETF (FXI) and other Chinese-linked ETFs saw gains. Despite potential challenges from a proposed U.S. ban on Chinese-made vehicles, Chinese ADRs and EV manufacturers like NIO and Xpeng also rose.

Portfolio Pulse from Piero Cingari

September 23, 2024 | 4:45 pm

ITA

MSFT

NETZ

GE Aerospace has launched AI Wingmate, an AI platform developed in collaboration with Microsoft, to enhance employee productivity and innovation. This marks a significant step in GE's AI integration efforts, boosting its stock price.

Portfolio Pulse from Lekha Gupta

September 23, 2024 | 4:42 pm

SONM

Sonim Technologies has partnered with TCCM to expand its rugged mobile solutions in Central and Eastern Europe. This strategic partnership aims to enhance the availability of Sonim's products, including the XP100 and XP400 phones, through TCCM's extensive distribution network.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 4:39 pm

DKNG

FLUT

Needham analyst Bernie McTernan initiated coverage on Flutter Entertainment (NYSE:FLUT) with a Buy rating and a $270 price target, citing its strong market share and growth opportunities in the online sports betting market. Flutter, through its ownership of FanDuel, holds a dominant position in the U.S. market alongside DraftKings (NASDAQ:DKNG). The U.S. market is a significant earnings driver for Flutter, contributing to a projected 25% global adjusted EBITDA CAGR over the next three years.

Portfolio Pulse from Chris Katje

September 23, 2024 | 4:26 pm

LCID

NIO

RIVN

TSLA

VWAGY

XPEV

Tesla and Chinese EV startups are leading in the software race for electric vehicles, outpacing traditional automakers like Toyota and Volkswagen. Despite challenges such as U.S. sanctions and a domestic price war, Chinese EV companies remain competitive. Tesla's stock has seen a slight increase over the past year.

Portfolio Pulse from Anusuya Lahiri

September 23, 2024 | 4:23 pm

LEVI

Levi's is hinting at a new collaboration with Beyoncé, following the success of her song 'Levii's Jeans' which boosted Levi's store traffic by 19.9%. The brand is leveraging cultural icons to enhance its market presence.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 4:21 pm

GILD

Gilead Sciences, Inc. has issued a voluntary recall of one lot of Veklury (remdesivir) for Injection 100 mg/vial due to the presence of a glass particle. This recall is a precautionary measure as no adverse events have been reported. Veklury is used for treating COVID-19 in certain patients.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 4:20 pm