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Taiwan Semiconductor Manufacturing Co (TSMC) resumed construction work in Taiwan after a brief halt due to a 7.2-magnitude earthquake. The company, a key supplier to Apple and Nvidia, confirmed that its safety systems functioned correctly, and despite some damage, high-value chip-making equipment was unaffected. TSMC expects full operational restoration soon. Nvidia anticipates no supply chain disruptions from the earthquake. TSMC's stock is part of the VanEck Semiconductor ETF and the Vanguard FTSE Emerging Markets ETF.

Portfolio Pulse from Anusuya Lahiri

April 05, 2024 | 12:03 pm

KBH

KB Home announced the grand opening of its latest housing community in Moreno Valley, California, marking another expansion in its real estate portfolio.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:01 pm

CNK

CRBU

DNUT

FAAS

FRGE

IVVD

KRUS

VTYX

Kura Sushi USA, Inc. (KRUS) shares rose 6% in pre-market trading after announcing Q2 results with sales beating estimates but earnings missing expectations. Other stocks like DigiAsia Corp. (FAAS), Invivyd, Inc. (IVVD), Ventyx Biosciences, Inc. (VTYX), Caribou Biosciences, Inc. (CRBU), Cinemark Holdings, Inc. (CNK), Krispy Kreme, Inc. (DNUT), and Forge Global Holdings, Inc. (FRGE) also saw gains in pre-market trading due to various positive updates and analyst upgrades.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 12:01 pm

GNS

Genius Group announced the launch of an AI Avatar Toolkit designed for global faculty members, enabling them to create their own AI tutors. This innovative tool aims to enhance the educational experience by providing personalized learning opportunities through AI technology.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:01 pm

LIPO

Lipella Pharmaceuticals Inc. (NASDAQ:LIPO) announced its abstract on a new product candidate, LP-50 (intravesical pembrolizumab), for treating non-muscle invasive bladder cancer (NMIBC) has been accepted for the 2024 ASCO meeting. The abstract highlights preclinical data showing efficacy in reducing bladder tumor size in mice with minimal toxicity, leveraging Lipella's liposomal drug delivery technology.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:00 pm

HYMTF

TSLA

Hyundai Motor's North American unit reported a significant year-on-year jump in electric vehicle (EV) sales for Q1 2024, surpassing Ford and General Motors in the US EV market. The sales boost was primarily driven by the Ioniq and Kona models. Hyundai sold 33,522 all-electric vehicles, with the Kona subcompact SUV being the best-seller, starting at $24,250. In comparison, Ford and General Motors sold 20,223 and 16,425 EVs respectively. Tesla's global sales of Model Y and 3 dropped by 11.5%, while Toyota sold 206,850 electrified vehicles in the US.

Portfolio Pulse from Anan Ashraf

April 05, 2024 | 12:00 pm

WDS

Woodside Energy Group Ltd (NYSE:WDS) has partnered with Yara Pilbara Fertilisers Pty Ltd to explore carbon capture and storage (CCS) for decarbonizing Yara's operations in Western Australia. The non-binding MOU aims to assess the feasibility of a large-scale, multi-user CCS hub near Karratha, which could serve various industries and support the development of lower-carbon industries like hydrogen, ammonia, and green steel production. This initiative aligns with global emissions reduction targets and could enhance the competitiveness of local industries. Additionally, Woodside recently sold a 15.1% stake in Scarborough JV for $1.4 billion, solidifying its role as an operator. WDS shares saw a slight increase of 0.25% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 11:44 am

CRKN

INHD

RPM

The article highlights the top 3 oversold materials stocks that may see significant growth this quarter, based on their low RSI values. Inno Holdings Inc. (INHD) launched a Mobile Factory, RPM International Inc. (RPM) reported Q3 FY24 results with slight sales growth and exceeded EPS expectations, and Crown ElectroKinetics Corp. (CRKN) reported a narrower Q4 loss. All three stocks have seen recent declines but are considered undervalued.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 11:41 am

MMA

Alta Global Group has announced its IPO debut on the NYSE under the ticker symbol 'MMA'. Led by Founder and CEO Nick Langton, the company has transitioned from focusing on MMA gyms and fighters to becoming a technology firm aimed at engaging global combat sports enthusiasts through digital platforms. Alta offers a comprehensive platform with four core products designed to leverage the growth of the martial arts and combat sports industry, which includes over 45,597 gyms in the US.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 11:34 am

AAPL

Gene Munster and Dan Ives have conflicting views on Apple Inc.'s potential venture into personal home robots. Munster sees it as a logical exploration but unlikely to materialize in the next five years, while Ives believes Apple should focus on AI, calling the robot venture a 'horror show.' This debate comes amid reports of Apple's engineers working on innovative projects, including a mobile robot and a device with a robotic arm, following the company's pivot from its electric vehicle project to AI advancements.

Portfolio Pulse from Ananya Gairola

April 05, 2024 | 11:32 am