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CYTK

Cytokinetics shares surged following the announcement of additional 48-week data from its FOREST-HCM study, set to be presented at the Annual American College of Cardiology Scientific Session from April 6-8.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 6:38 pm

BRK

PFE

TSM

Redditors from the r/ValueInvesting community have identified TSMC, Pfizer, and Berkshire Hathaway as the top 3 value stock picks. TSMC is highlighted for its solid financials and growth in the semiconductor industry, Pfizer for its strong fundamentals in healthcare, and Berkshire Hathaway for its diversified portfolio and value investing principles. Each company's stock trades below its sector's median forward P/E, indicating potential undervaluation.

Portfolio Pulse from Surbhi Jain

April 05, 2024 | 6:32 pm

FQVLF

GOLD

Zambia aims to increase its copper production to 1 million tons by 2026, leveraging the revival of Konkola Copper Mines and investments in existing mines like First Quantum Minerals' Kansanshi and Barrick's Lumwana. The emergence of KoBold Metals' AI-powered Mingomba project, potentially one of the world's largest mines, further boosts this goal. Despite facing debt restructuring challenges, Zambia remains optimistic about reaching its copper production targets.

Portfolio Pulse from Stjepan Kalinic

April 05, 2024 | 6:28 pm

MRNA

Moderna, Inc. (NASDAQ:MRNA) showcased its expanding vaccine portfolio during its fourth annual Vaccines Day, highlighting progress in developing vaccines against various pathogens. The event covered updates on key vaccine programs, including the CMV and EBV vaccines, and discussed the commercial potential of its respiratory portfolio, estimated at $27 billion per year. Moderna also emphasized its innovative use of AI in vaccine development and outlined its financial strategy, including a focus on reinvesting in the business and exploring project financing options.

Portfolio Pulse from Tornado

April 05, 2024 | 6:26 pm

AMD

SOXQ

SOXX

Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Advanced Micro Devices, Inc (NASDAQ:AMD) with a price target of $195, highlighting strong growth prospects for the MI300 chip, especially in server markets. Kumar predicts $4 billion in MI300 revenues for 2024 and $7.6 billion for 2025. He also noted improvements in server CPU inventories and advancements in chip architecture, positioning AMD well for inference applications and server share growth. AMD stock has gained 86% in the last 12 months, and exposure to AMD can also be gained through IShares Semiconductor ETF (NASDAQ:SOXX) and Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ).

Portfolio Pulse from Anusuya Lahiri

April 05, 2024 | 6:24 pm

GTLB

GitLab Inc. (NASDAQ:GTLB) showcased strong performance for FY '24 in a conference call, highlighting growth in customer base, record bookings, and a focus on AI investments. The company's AI capabilities, including the Duo Pro AI-assisted add-on, have been well-received, with significant partnerships contributing to growth. Despite the positive outlook, GitLab remains cautious about revenue projections from new products.

Portfolio Pulse from Tornado

April 05, 2024 | 6:20 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) is reportedly offering significant discounts on its Model Y SUVs to address its largest-ever stockpile, despite claims from an investor that these discounts have been in place since last year. The company produced 46,561 more vehicles than it delivered in Q1, leading to an inventory increase. Tesla's stock has been declining, with a 3.2% drop to $165.48 at the time of publication.

Portfolio Pulse from Rounak Jain

April 05, 2024 | 6:19 pm

CSCO

Cisco Systems, Inc. (NASDAQ:CSCO) recently presented its Full Stack Observability (FSO) strategy, aiming to transform digital experience monitoring and AIOps. The strategy focuses on integrating applications, infrastructure, security, and network to provide a comprehensive view that aligns technology benefits with business context. Cisco introduced key use cases for FSO, including application performance monitoring and digital experience monitoring, and highlighted the role of AIOps in providing unified, cross-domain insights. The company is also fostering innovation through the FSO Exchange, an open platform for partners to build and publish industry-specific modules.

Portfolio Pulse from Tornado

April 05, 2024 | 6:17 pm

IBM

IBM introduced its new cyber resilience solution, the IBM Storage Defender, during a recent webinar. This solution is designed to enhance data protection against ransomware attacks by integrating AI and machine learning for rapid threat detection and response. The Storage Defender offers features such as immutability, early detection, rapid recovery, and automated orchestration. IBM also showcased its Defender Data Protect backup solution, emphasizing its scalability and cost-effectiveness. The webinar concluded with an invitation to IBM's cyber resiliency assessment workshop.

Portfolio Pulse from Tornado

April 05, 2024 | 6:17 pm

INTC

Intel Corporation's recent GenAI webinar showcased the transformative impact of generative AI in the retail and beauty sectors, featuring insights from industry leaders and highlighting collaborations with Iterate.ai and e.l.f. Beauty. The session emphasized the importance of strategic partnerships and the right AI use cases to enhance customer experiences and operational efficiency.

Portfolio Pulse from Tornado

April 05, 2024 | 6:16 pm