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VFS

VinFast shares are trading higher after the company received 27,649 pre-orders for the VF 3 in Vietnam within 66 hours of accepting deposits.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 4:53 pm

AMD

MSFT

NVDA

SHOC

SMH

Nvidia Corp (NASDAQ:NVDA) stock is trading lower due to reports of Microsoft Corp (NASDAQ:MSFT) considering Advanced Micro Devices, Inc (NASDAQ:AMD) AI chips for its cloud computing clients. Despite this, analysts see strong demand for Nvidia's products, particularly in AI and data centers, and predict continued growth. Investors can gain exposure to Nvidia through EA Series Trust Strive U.S. Semiconductor ETF (NYSE:SHOC) and VanEck Semiconductor ETF (NASDAQ:SMH).

Portfolio Pulse from Anusuya Lahiri

May 17, 2024 | 4:53 pm

BNTX

MRNA

PFE

Moderna Inc. (NASDAQ:MRNA) has won a significant legal victory at the European Patent Office (EPO) in its patent dispute with Pfizer Inc. (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) over the COVID-19 vaccine. The EPO upheld the validity of Moderna's EP949 patent, which is crucial for its claims against Pfizer and BioNTech. Although Pfizer has nine months to appeal, this decision boosts Moderna's efforts to reclaim pandemic profits. Legal proceedings continue in multiple jurisdictions, and the financial stakes are high, with all three companies having generated significant revenue from COVID-19 vaccines in 2022.

Portfolio Pulse from Vandana Singh

May 17, 2024 | 4:46 pm

LULU

NKE

UAA

Under Armour (NYSE: UAA) reported a 4.9% decline in Q4 revenue and provided gloomy guidance, leading to a downgrade by JP Morgan. Analysts highlight Under Armour's lagging performance in product innovation, profitability, and DTC infrastructure compared to peers like Nike (NYSE: NKE) and Lululemon (NASDAQ: LULU). The company is undergoing a 'reset' in North America, with significant revenue and operating income declines expected in FY25.

Portfolio Pulse from Nabaparna Bhattacharya

May 17, 2024 | 4:41 pm

MSFT

The Pentagon is considering expanding its use of Microsoft software, specifically upgrading to Microsoft's E5 licenses, to support its zero trust security strategy. This move has raised concerns among competitor cybersecurity and software vendors. The transition is expected to be completed by June 2025.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 4:30 pm

BIDU

Baidu Inc (NASDAQ:BIDU) shares fell despite better-than-expected Q1 results. Analysts from Goldman Sachs, Mizuho Securities, and Benchmark maintained Buy ratings but had mixed views on future performance. Baidu's shift towards a Gen-AI centric revenue mix and ongoing share repurchase program were highlighted.

Portfolio Pulse from Priya Nigam

May 17, 2024 | 4:20 pm

ULCC

Frontier Airlines has announced the elimination of change and cancellation fees for customers who select Economy, Premium, or Business bundles.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 4:20 pm

AAPL

Apple is planning to release a thinner iPhone in 2025, according to The Information. This move is part of Apple's ongoing efforts to innovate and stay competitive in the smartphone market.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 4:18 pm

COIN

ETHE

Coinbase Research suggests that the likelihood of approval for a U.S. spot Ethereum ETF is higher than current market pricing indicates, estimating a 30-40% chance. This could unlock new capital inflows for Ethereum, despite competition from other layer-1s like Solana.

Portfolio Pulse from Murtuza Merchant

May 17, 2024 | 4:17 pm

MSFT

Microsoft is reportedly considering offering the next Call of Duty installment through its Game Pass subscription service, marking a significant shift in its video game sales strategy. This move could attract new Game Pass users but may lead to lower revenue for Call of Duty under the new plan. The news comes after Microsoft's $75 billion acquisition of Activision Blizzard.

Portfolio Pulse from Nabaparna Bhattacharya

May 17, 2024 | 4:11 pm