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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

ACN

Accenture (NYSE:ACN) has acquired Axis Corporate, a Spanish management and technology consulting firm specializing in financial services. This acquisition enhances Accenture's offerings in Spain, allowing financial services companies to reinvent their business models, manage costs more effectively, and develop new products faster. Axis Corporate, founded in 2005 and headquartered in Barcelona, brings approximately 110 specialized professionals to Accenture's Strategy & Consulting practice. The acquisition aims to bolster Accenture's ability to accelerate continuous reinvention for its clients in the financial services sector.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:16 pm

PTN

Palatin Technologies Inc. (NYSE:PTN) announced positive Phase 3 results for PL9643 in treating dry eye disease, showing significant efficacy and safety. The dry eye disease market is expected to grow to $7.46 billion by 2029. PTN shares surged 33.1% to $2.34.

Portfolio Pulse from Vandana Singh

April 08, 2024 | 2:02 pm

AAPL

SPOT

Spotify Technology S.A. (NYSE:SPOT) enhances its AI capabilities with new features, while Apple Inc (NASDAQ:AAPL) adjusts its App Store policies under EU pressure, potentially benefiting Spotify and other streaming services. Spotify's AI journey includes a successful AI-powered DJ feature and new personalized AI playlists. Apple, facing a $1.99 billion EU fine for competition restrictions, has been slower in adopting AI but added personalized recommendations last year.

Portfolio Pulse from Upwallstreet

April 08, 2024 | 2:02 pm

SATL

Tata Advanced Systems Limited (TASL) and Satellogic Inc. (NASDAQ:SATL) launched the TSAT-1A satellite into orbit using SpaceX's Falcon 9 rocket. This marks a significant step in their aerospace collaboration, with the satellite offering enhanced optical images through advanced technologies. The launch occurred on April 7, 2024, and is part of a partnership aimed at developing advanced EO satellites. Despite this achievement, SATL shares saw a decrease of 1.27% to $1.53.

Portfolio Pulse from Akanksha Bakshi

April 08, 2024 | 1:46 pm

CAG

DLTR

HSY

K

KHC

KO

PEP

SJM

Food corporations like Kraft Heinz and Conagra Brands are adjusting their product lines and marketing strategies to cater to low-income Americans facing economic pressures. This includes introducing budget-friendly options and increasing discounts. The shift is in response to decreased spending by consumers reliant on government assistance, with notable sales volume impacts reported by companies such as Dollar Tree and Alimentation Couche-Tard. Other companies like Hershey, PepsiCo, Coca-Cola, WK Kellogg, and Kellanova are also adapting by modifying product sizes and promotions.

Portfolio Pulse from Benzinga Neuro

April 08, 2024 | 1:38 pm

DG

KR

TGT

Target Corp is implementing TruScan technology across all stores to combat self-checkout theft, using cameras to detect unscanned items. This move follows similar actions by Dollar General Corp and Kroger Co, who are also addressing theft with technology and staffing adjustments. Target's stock traded slightly lower following the announcement.

Portfolio Pulse from Shivani Kumaresan

April 08, 2024 | 1:35 pm

BABA

Ant Group is expanding its global reach by partnering with Alipay+ to enable NayaPay users in Pakistan to pay at 80 million merchants in China directly through their app. Additionally, Ant International is launching a new initiative to create International Consumer Friendly Zones across China's main tourist and commercial cities to boost local consumption by providing a seamless cross-border payment experience.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:32 pm

NFLX

Netflix Inc (NASDAQ:NFLX) is set to release its Q1 earnings on April 18, with the stock outperforming the S&P 500 Index year-to-date. JPMorgan analyst Doug Anmuth is bullish on Netflix, raising the price target from $610 to $650, citing strong growth prospects, the Paid Sharing initiative, and a robust content slate. Anmuth's optimism is based on potential revenue acceleration, subscriber growth, and strategic ad tier expansion, projecting significant growth in earnings and operating income through 2024 and 2025.

Portfolio Pulse from Surbhi Jain

April 08, 2024 | 1:25 pm

ASPI

ASP Isotopes has signed a $2M contract with a U.S.-based SMR company for a project aimed at engineering design and planning for an enrichment facility dedicated to the production of advanced nuclear fuels. This move signifies ASP Isotopes' entry into the nuclear fuel production sector and its collaboration with the SMR company to enhance the infrastructure for advanced nuclear technologies.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:24 pm