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AUUD

Auddia Inc. (NASDAQ:AUUD) shares surged after the US Patent and Trademark Office awarded the company a patent for its core AI technology used in its faidr app, which delivers ad-free AM/FM radio to subscribers. The patent validates Auddia's innovation in AI for Audio technology, aiming to drive new premium audio experiences. The stock's trading volume significantly exceeded its 100-day average following the announcement.

Portfolio Pulse from Erica Kollmann

April 08, 2024 | 3:07 pm

AMD

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INTC

NVDA

SOXQ

Advanced Micro Devices, Inc (NASDAQ:AMD) announced plans to open-source the MES firmware for Radeon GPUs, enhancing control over graphics cards. This move is part of AMD's strategy to increase open-source accessibility of its GPU technology. The initiative is significant for Tiny Corp and could allow AMD to integrate third-party chiplets, offering more modular computing solutions. Analysts anticipate significant revenue growth for AMD, citing its MI300s as a growth catalyst and its CPUs' dominance in cloud servers. AMD's stock has seen over a 78% increase in the last 12 months, with exposure to AI beneficiaries available through AOT Growth And Innovation ETF (NASDAQ:AOTG) and Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ).

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 2:56 pm

EH

EHang Holdings' shares surged following the announcement that it received the Production Certificate for its EH216-S passenger-carrying pilotless eVTOL aircraft from the Civil Aviation Administration of China.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:43 pm

IXN

MSFT

VGT

Microsoft Corp (NASDAQ:MSFT) has announced a significant £2.5 billion investment in the UK, focusing on AI talent acquisition and data center expansion. This includes the establishment of a new consumer AI division hub in London, led by AI scientist Jordan Hoffmann, formerly of Inflection AI. The investment aims to expand Microsoft's data center footprint in the UK and train over a million people for the AI economy. Microsoft's stock has seen a 47% increase over the last 12 months, and exposure to MSFT can be gained through IShares Global Tech ETF (NYSE:IXN) and Vanguard Information Tech ETF (NYSE:VGT).

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 2:39 pm

AZN

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The FDA granted accelerated approval to Enhertu, a drug developed by AstraZeneca and Daiichi Sankyo, for treating patients with unresectable or metastatic HER2 positive solid tumors who have undergone prior systemic treatment. This approval, based on objective response rate and duration of response from phase 2 trials, marks a significant milestone as the first tumor agnostic HER2-directed therapy. AstraZeneca's stock saw a slight increase following the announcement.

Portfolio Pulse from Vandana Singh

April 08, 2024 | 2:34 pm

CNVS

Cineverse (NASDAQ:CNVS) has partnered with Gracenote, a Nielsen company, to enhance its AI-powered entertainment search platform, cineSearch, with Gracenote's extensive metadata for films and TV shows. This collaboration aims to solve the significant consumer problem of finding what to watch by leveraging Gracenote's datasets for personalized search results and seamless viewing across over 60 streaming services. The cineSearch platform, developed using Google Cloud's Vertex AI Search and Gemini large language models, is set to revolutionize content discovery by offering a unified search engine that supports extensive traits for recommendations. The partnership also facilitates real-time metadata updates for new titles and supports cineSearch's international expansion.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:32 pm

BMY

Bristol Myers Squibb & Co (NYSE:BMY) released data from its Phase 3 EMERGENT program for KarXT, showing favorable impacts on weight and metabolic profiles in schizophrenia patients without the common side effect of weight gain. KarXT led to significant improvements in schizophrenia symptoms across all efficacy measures at 52 weeks. Bristol Myers acquired Karuna Therapeutics Inc. for $14 billion, adding KarXT to its portfolio. BMY shares slightly dropped by 0.14% to $51.26.

Portfolio Pulse from Vandana Singh

April 08, 2024 | 2:31 pm

UBER

Uber Technologies' stock is trading lower following Elon Musk's announcement on social media about Tesla's plan to unveil the Tesla Robotaxi on August 8th, 2024. This development could potentially impact Uber's market share and future profitability.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:21 pm

TSLA

Tesla shares are trading higher following CEO Elon Musk's announcement on social media about the unveiling of the Tesla Robotaxi on August 8th, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:18 pm

NVDA

NVIDIA is rumored to launch its next-gen GeForce RTX 5090 & RTX 5080 'Blackwell' GPUs in Q4 2024, following the positive reception of the RTX 40 'SUPER' series. These GPUs, expected to utilize the latest GDDR7 memory, aim to push the average selling price of GPUs higher. MSI anticipates double-digit gains from these launches. The release schedule follows NVIDIA's pattern of late Q3 or early Q4 launches, though it's subject to market conditions.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:17 pm