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SPOT

Spotify Technology SA (NYSE:SPOT) introduced a new AI-powered feature for Premium subscribers in the UK and Australia, enabling them to create personalized playlists through text prompts. This tool, accessible via mobile devices, allows users to specify genres, moods, or artists to generate a 30-song playlist. Unlike the AI DJ feature, this offers more user control. The feature's success could lead to broader rollouts and potential subscription price adjustments.

Portfolio Pulse from Franca Quarneti

April 08, 2024 | 6:19 pm

WAVE

Eco Wave Power Global AB (NASDAQ:WAVE) stock surged over 150% after announcing it was selected to conduct wave energy feasibility studies along the U.S. coastline. The three-month study will assess 77 sites for wave energy commercialization potential over the next 5-10 years. CEO Inna Braverman highlighted the technology's scalability and its role in combating climate change.

Portfolio Pulse from Henry Khederian

April 08, 2024 | 6:18 pm

IONQ

QBTS

RGTI

Needham analyst Quinn Bolton initiated coverage on D-Wave Quantum Inc (NYSE:QBTS) with a Buy rating and a price target of $2.5, highlighting its standout position in the commercial quantum computing industry through its quantum annealing technology. D-Wave's focus on commercial applications and revenue from commercial customers sets it apart from competitors like IonQ, Inc (NYSE:IONQ) and Rigetti Computing, Inc (NASDAQ:RGTI), which rely more on academic and government funding. Bolton emphasizes the transformative potential of quantum computing and D-Wave's leadership in commercializing annealing technology, with plans to expand into gate model quantum computing.

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 6:16 pm

BMY

Bristol Myers Squibb & Co (NYSE:BMY) released data from the KRYSTAL-1 study on Krazati (adagrasib) combined with cetuximab for KRASG12C-mutated colorectal cancer, showing promising results. The FDA accepted a supplemental new drug application for this combination, with a review goal date set for June 21, 2024. Additionally, BMY announced positive results from the KRYSTAL-12 study on Krazati as a monotherapy for non-small cell lung cancer. BMY shares slightly declined by 0.27% to $51.18.

Portfolio Pulse from Vandana Singh

April 08, 2024 | 6:00 pm

MU

KeyBanc Capital Markets analyst John Vinh upgraded Micron Technology Inc. (NASDAQ:MU) to Overweight with a price target of $150, citing exceptional performance in HBM3E (High Bandwidth Memory) and its potential to dominate the HBM market. Vinh's analysis highlights Micron's thermal and power efficiency over competitors SK Hynix and Samsung, with a particular advantage in power consumption. The positive outlook is supported by Micron's expected revenue growth from HBM, projecting over $1 billion in HBM revenues in CY24. Technical analysis of Micron's stock shows bullish momentum, trading above key EMAs and a strong MACD, despite an RSI indicating overbought conditions.

Portfolio Pulse from Surbhi Jain

April 08, 2024 | 6:00 pm

AIRC

COIN

TLT

TSLA

TSM

Wall Street sees a cautious trading session with slight declines in major indices ahead of a data-rich week, focusing on March inflation data. Tesla rallies 4.5% on 'Robotaxi' news, while Bitcoin surpasses $71,500. The iShares 20+ Year Treasury Bond ETF weakens as Treasury yields rise. Oil prices drop 1% due to eased Middle East tensions. Apartment Income REIT surges 23% after Blackstone's acquisition announcement. Taiwan Semiconductor gains on US subsidy news, and Coinbase outperforms in the crypto sector.

Portfolio Pulse from Piero Cingari

April 08, 2024 | 5:49 pm

ETHUSD

The Q1 report from IntoTheBlock highlights a 300% increase in the value of meme coins to $56 billion and significant developments in the cryptocurrency market, including the launch of nine new spot Bitcoin ETFs in the U.S. and the Ethereum Dencun upgrade. The Dencun upgrade, implementing EIP-4844, aims to lower transaction costs and improve scalability, marking a major step in Ethereum's evolution. These developments, along with the upcoming Bitcoin halving event, indicate a pivotal period for the cryptocurrency sector.

Portfolio Pulse from Murtuza Merchant

April 08, 2024 | 5:42 pm

ALB

Deep-pocketed investors have shown a bullish sentiment towards Albemarle (NYSE:ALB), with options trading data from Benzinga indicating a significant interest in the stock. The analysis of options activities reveals a majority bullish outlook with a price target window of $90.0 to $135.0. Currently, ALB's stock price has increased by 6.76%, trading at $131.8. Professional analysts have mixed views, with an average price target of $121.5. The company is a leading lithium producer, vital for electric vehicle batteries.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:31 pm

SOL

The Solana network is facing severe congestion due to a surge in spam transactions and meme coin activity, leading to delays and transaction failures. Developers are working on software patches and updates to address these issues. Despite the congestion, Solana has attracted significant attention and investment, partly due to its low transaction fees and the influx of new users drawn by meme coin activity. However, the network's current challenges could impact user experience and investor confidence if not resolved quickly.

Portfolio Pulse from Murtuza Merchant

April 08, 2024 | 5:27 pm

AGEN

AUUD

LGVN

Agenus Inc. experienced a significant drop of 17% in its stock price after announcing a 1-for-20 reverse stock split. Other stocks also showed notable movements, with Auddia Inc. surging 231.7% following a new U.S. patent award, and Longeveron Inc. climbing 93.2% after submitting paperwork for a share offering. UTime Limited, U Power Limited, and several other companies also saw significant gains. Conversely, 22nd Century Group Inc. and Perion Network Ltd. were among the top losers, with sharp declines in their stock prices.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 5:10 pm