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VRNT

Verint Systems Inc (NASDAQ:VRNT) is under scrutiny after The Bear Cave released a bearish report, suggesting that AI advancements could disrupt the company. The report argues that AI-powered competitors may take market share from Verint's automated bot offerings, potentially impacting its future. The Bear Cave highlights competition from companies like Google, IBM, and startups, as well as a T-Mobile partnership with OpenAI. Verint recently missed analyst estimates and issued soft guidance, raising concerns about its future in the AI-driven market.

Portfolio Pulse from Adam Eckert

September 19, 2024 | 3:51 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading higher following the Federal Reserve's unexpected 50 basis point interest rate cut, which has boosted risk assets like stocks and cryptocurrencies. Bitcoin and Ethereum have also seen increased trading activity. Analysts have a positive outlook on Coinbase with an average 12-month price target of $257.25.

Portfolio Pulse from Erica Kollmann

September 19, 2024 | 3:50 pm

HUT

Hut 8 Corp shares rose following the announcement of an expanded partnership with BITMAIN to introduce a new liquid-cooled ASIC miner for Bitcoin mining.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 3:45 pm

LRMR

Larimar Therapeutics shares rose following the announcement that data from its Nomlabofusp Phase 1 and Phase 2 studies will be presented at the International Congress for Ataxia Research.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 3:43 pm

BAVARIAN

The European Medicines Agency (EMA) has recommended extending the use of the Imvanex vaccine to adolescents aged 12-17. This decision is based on a study showing similar immune responses in adolescents and adults. The vaccine, already authorized for adults in the EU, is crucial for addressing the mpox outbreak in the Democratic Republic of the Congo and other regions. The EMA's recommendation supports WHO's prequalification process, facilitating broader access to the vaccine.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 3:41 pm

AMZN

Amazon has launched a new AI assistant, Project Amelia, aimed at helping U.S. sellers with personalized support and data insights. The tool is currently in beta and will expand to more sellers and countries soon.

Portfolio Pulse from Erica Kollmann

September 19, 2024 | 3:27 pm

MSTR

SMLR

MicroStrategy's strategy of incorporating Bitcoin into its corporate treasury has inspired other companies like Cathedra Bitcoin and Metaplanet to follow suit. This trend is reshaping corporate balance sheets and is seen as a hedge against inflation. MicroStrategy's stock has surged 295% over the past year due to its Bitcoin investments, despite mixed technical signals. The company's approach includes offering convertible bonds backed by Bitcoin, attracting investors seeking lower-risk exposure. However, the strategy carries risks, and its success depends on broader Bitcoin adoption.

Portfolio Pulse from Murtuza Merchant

September 19, 2024 | 3:26 pm

BAC

Bank of America (BAC) shares rose by 2.57% following a Federal Reserve interest rate cut of 50 basis points. The rate cut could boost BAC's loan demand and revenue, benefiting its consumer banking and wealth management divisions.

Portfolio Pulse from Henry Khederian

September 19, 2024 | 3:18 pm

BLK

MSFT

RZLV

Rezolve AI Limited (NASDAQ:RZLV) shares surged after the company praised Microsoft's and BlackRock's $30 billion investment in AI infrastructure. This investment aims to enhance AI innovation and economic growth, benefiting companies like Rezolve AI by providing a technological foundation for scaling AI solutions.

Portfolio Pulse from Lekha Gupta

September 19, 2024 | 3:13 pm

KEYS

Keysight Technologies has expanded its PNA-X Vector Network Analyzer portfolio with the introduction of the NA520xA model. This new model offers enhanced versatility and simplified test setups for bi-directional noise figure and intermodulation distortion testing.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 3:01 pm