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AIQ

SPY

Goldman Sachs analysts predict the economic impact of AI is 'several years off', despite ongoing adoption and integration into work routines. Less than 5% of companies currently leverage AI significantly, with higher adoption rates in IT, professional services, and finance. The broad-based adoption of AI is expected to boost productivity and economic growth post-2027 in the U.S. and 2028 in other developed markets. AI-related job openings in the IT sector have increased, reflecting the technology's growing emphasis. Early adopters report a significant increase in labor productivity. The Global X Artificial Intelligence & Technology ETF (AIQ) has outperformed the broader market, evidenced by its 40% rise over the past year compared to the modest gains of the SPDR S&P 500 ETF Trust (SPY).

Portfolio Pulse from Piero Cingari

April 04, 2024 | 1:29 pm

ALUR

Allurion Technologies' shares surged following the announcement of its Virtual Care Suite's commercial availability in the US and a Buy rating with a $5 price target from Chardan Capital.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:29 pm

GOOG

GOOGL

MSFT

Alphabet Inc's shares (GOOG, GOOGL) are trading lower after reports surfaced about the company considering charging for AI-powered search features. This would be a first for Google's core Search product. The potential premium service would include AI enhancements and possibly integrate with Google's existing subscription services. Despite the dip, Alphabet's stock has been viewed positively by analysts, with expectations of growth. Meanwhile, Microsoft Corp (MSFT) has already launched an AI-powered search tool, Copilot, over a year ago.

Portfolio Pulse from Adam Eckert

April 04, 2024 | 1:25 pm

SKYX

SKYX Technologies announced the issuance of 8 new patents in the U.S. and internationally, including China, Europe, and India, for its smart home and AI platform technologies. This expansion brings its total to over 90 issued and pending patents. The company, which operates over 60 lighting and home decor websites, aims to make homes and buildings safer and smarter. These patents cover advanced plug and play and smart home platform technologies, enhancing SKYX's position in the smart home, electrical, and lighting industries.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:24 pm

TLRY

Tilray Brands Inc (NASDAQ:TLRY) shares have surged nearly 75% over the last month, driven by cannabis legalization in Germany, optimism for U.S. rescheduling, and a favorable Florida Supreme Court decision. The company announced new products and 420 celebratory events in Canada, and is set to report Q3 financial results with an expected loss of 5 cents per share and revenue of $198.62 million.

Portfolio Pulse from Adam Eckert

April 04, 2024 | 1:24 pm

TYL

Tyler Technologies, Inc. (NYSE:TYL) has successfully implemented its Enterprise Supervision solution for the Guam Department of Corrections, transitioning the department from a paper-based system to a unified electronic platform. This platform, powered by Amazon Web Services (AWS), enhances efficiency and security in managing parole processes, significantly reducing implementation time.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:23 pm

EFTR

EFFECTOR Therapeutics announced the primary analysis results of the Phase 2 KICKSTART trial of tomivosertib combined with pembrolizumab in non-small cell lung cancer, leading to a decrease in their share prices.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:17 pm

AAPL

NVDA

TSLA

The article covers a range of topics from cryptocurrency trends, including Bitcoin's potential surge, to tech updates like iPhone 16 rumors and Tesla's EV developments. It also touches on US and world politics, market movements, and company-specific news such as Apple's stock sale by CEO Tim Cook and Nvidia's supplier investment in the US chip sector.

Portfolio Pulse from Akanksha Bakshi

April 04, 2024 | 1:11 pm

ACN

GOOG

GOOGL

Accenture Federal Services and Google Public Sector have launched a Data and AI Center of Excellence. This initiative marks the next phase of their expanded strategic alliance, aiming to deliver advanced data and generative AI solutions.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:10 pm

GREE

Greenidge Generation Holdings Inc. (NASDAQ:GREE) announced its expansion with 60 MW of low-cost power in South Carolina, adding to its recent 100 MW capacity increase across Mississippi and North Dakota. The company plans to develop a GPU data center in South Carolina by June 2025 and is considering an additional 250 MW expansion. In March, Greenidge produced 130 bitcoin and expects its hash rate to increase to 2.87 EH/s with the deployment of over 2,700 miners.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:09 pm