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TSM

DigiTimes Alerts reports that TSMC is increasing its CoWoS (Chip on Wafer on Substrate) output. This move indicates TSMC's response to growing demand for advanced packaging technologies, which are crucial for high-performance computing applications.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 4:38 pm

IRWD

Ironwood Pharmaceuticals Inc (NASDAQ:IRWD) reported that its Phase 3 STARS trial of apraglutide for short bowel syndrome with intestinal failure met its primary endpoint but missed two key secondary endpoints, leading to a 39.50% drop in its stock price. The company plans to submit regulatory filings for apraglutide, acquired through a $1 billion deal with VectivBio.

Portfolio Pulse from Vandana Singh

February 29, 2024 | 4:34 pm

CRM

Salesforce Inc (NYSE:CRM) shares rose in premarket trading after reporting higher-than-expected Q4 sales and earnings. Analysts are optimistic, citing strong demand for its new Einstein GPT Copilot technology and the initiation of its first dividend. Price targets have been raised by several analysts, reflecting confidence in Salesforce's growth trajectory and its strategic focus on AI and Data Cloud segments.

Portfolio Pulse from Priya Nigam

February 29, 2024 | 4:31 pm

EQNR

Equinor (EQNR) has been awarded an offtake contract for its Empire Wind 1 project in New York's fourth offshore wind solicitation round. This marks a significant step forward for Equinor's expansion in renewable energy within the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 4:25 pm

DELL

Dell Technologies Inc. (NYSE:DELL) is set to release its Q4 earnings after the market closes on Feb. 29, 2024, with analysts forecasting a decrease in earnings per share from $1.80 to $1.73 and a drop in revenue from $25.04 billion to $22.16 billion year-over-year. The company also announced the introduction of a new portfolio of commercial AI laptops and mobile workstations. Ahead of the earnings call, several analysts have revised their ratings and price targets for Dell, with positive adjustments reflecting optimism about the company's performance.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 4:11 pm

BRAXF

BWVI

CMPS

In the Benzinga Psychedelics Podcast, Zappy Zapolin discusses the future of psychedelics, highlighting the industry's potential mainstream breakthrough in 2024 with federal legalization of MDMA for PTSD, psychedelics legalization campaigns, and COMPASS Pathways' commercialization. Zapolin, involved with companies like KetaMD (acquired by Braxia Scientific, OTC:BRAXF) and Psycheceutical Bioscience (OTC:BWVI), also launches guided psychedelic retreats, emphasizing the importance of medical supervision in therapy.

Portfolio Pulse from Lara Goldstein

February 29, 2024 | 4:04 pm

AAPL

The iPhone 15 is experiencing lower than expected sales in China, leading resellers to offer significant discounts in an effort to boost sales. This situation indicates a potential challenge for Apple in one of its key markets.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 4:01 pm

IMCR

Immunocore Holdings (NASDAQ:IMCR) has received mixed analyst ratings over the last three months, with a recent shift towards more bullish perspectives. Analysts from firms including Oppenheimer, Canaccord Genuity, Needham, and Mizuho have updated their ratings and price targets, reflecting an optimistic outlook with an average 12-month price target of $79.25, up from $72.33. The company, a late-stage biotech focusing on TCR bispecific immunotherapies, has shown strong financial performance with significant revenue growth, high net margin, and effective debt management.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 4:00 pm

DOGEUSD

FLOKIUSD

SHIBUSD

Floki Inu (FLOKI) developers propose to burn 190 billion tokens, accounting for 2% of its circulating supply, amid a 67.5% weekly rally. The community will vote on this proposal. Web3 investment firm DWF Labs plans to purchase $10 million in FLOKI tokens. A request has been made to list Floki on Binance due to its potential as a top memecoin. Floki Inu, inspired by Elon Musk's pet, is seen as a potential rival to Dogecoin (DOGE) and Shiba Inu (SHIB).

Portfolio Pulse from Khyathi Dalal

February 29, 2024 | 4:00 pm

QCOM

Recent analysis of options trading activity for Qualcomm (NASDAQ:QCOM) shows a bullish sentiment among investors, with 56% of trades being bullish and 43% bearish. Notable trades include both puts and calls, targeting a price range of $105.0 to $175.0 for Qualcomm over the last 3 months. The company, a major player in wireless technology and chip design, is currently trading at $156.94, up 0.7%, but may be overbought according to RSI readings. Analysts have issued varied ratings, with a consensus target price of $163.0.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 3:47 pm