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AAPL

Gary Geaves, Apple Inc.'s acoustics chief and key developer of AirPods and HomePod, is stepping down and will be succeeded by Ruchir Davé. This leadership change is part of a broader shuffle within Apple's hardware engineering group, which is crucial for the company's audio product development including AirPods, Macs, and speakers. Apple reported strong performance in Q1 2024, driven by record Services and iPhone revenue, amidst a strategic shift towards its wearable and audio products business.

Portfolio Pulse from Ananya Gairola

February 21, 2024 | 1:58 am

ISPR

Ispire Technology projects significant revenue growth for FY24, with cannabis vaping products expected to generate $80M-$90M, marking a 100%-125% increase year-over-year. Tobacco vaping products are forecasted to bring in $95M-$105M, representing a 33%-47% growth compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:10 pm

AMZN

GOOG

GOOGL

MDB

META

MSFT

NVDA

PLTR

Wall Street analysts, led by Wedbush's Daniel Ives, highlight Nvidia's upcoming earnings as a pivotal moment for AI investment, reflecting on the tech sector's shift towards AI monetization. Recent earnings from tech giants like Microsoft, Alphabet, Meta, Amazon, and others show increased AI infrastructure spending. Nvidia, seen as an AI pioneer, is under the spotlight for its earnings report, which is expected to provide insights into data center AI spending. Despite valuation concerns, the transformative potential of companies like Microsoft, Palantir, and MongoDB in AI is recognized. Nvidia's earnings are deemed crucial for understanding the AI investment landscape, with projections of $1 trillion in AI spending over the next decade.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 11:07 pm

GOOG

GOOGL

MSFT

NET

NVDA

PLTR

A Reddit post highlighted NVIDIA Corp (NVDA) and Alphabet Inc (GOOG, GOOGL) as top tech stock picks for the next five years, according to user consensus. Nvidia was praised for its long-term growth prospects, while Alphabet was noted for its diverse ecosystem and potential as a low-risk, high-reward investment. Other stocks mentioned included Palantir Technologies (PLTR), Microsoft Corp (MSFT), and Cloudflare Inc (NET), each recognized for unique strengths and growth potential.

Portfolio Pulse from Surbhi Jain

February 20, 2024 | 11:01 pm

ACA

EXP

GOLD

NATKY

NEM

UUUU

Kazatomprom (OTC:NATKY) has reduced its uranium production forecast due to a sulfuric acid shortage, caused by competition from the local fertilizer industry in Kazakhstan. This situation highlights a broader concern about potential global sulfur shortages impacting various sectors, including mining, the green economy, and food production. Sulfuric acid, essential for numerous industrial processes, could face a shortfall of up to 320 million metric tons by 2040, affecting the production of fertilizers, lithium batteries, and the extraction of vital minerals. Companies like Barrick Gold Corp. (NYSE:GOLD), Newmont Corp. (NYSE:NEM), Eagle Materials (NYSE:EXP), Arcosa Inc. (NYSE:ACA), and Energy Fuels Inc. (NYSEAMERICAN: UUUU) are mentioned in relation to their involvement in mining or the production of sulfur-bearing minerals.

Portfolio Pulse from Matt Whittaker

February 20, 2024 | 10:48 pm

LILM

Lilium N.V (NASDAQ:LILM) has partnered with Star Charge to develop and provide a customized charging system for its all-electric eVTOL jets. Lilium ordered 120 chargers from Star Charge for ground and flight testing, aircraft maintenance, delivery center activities, and customer vertiports. The chargers, compatible with the Combined Charging System (CCS), feature liquid cooled cables for fast charging, expected to reduce charging times and support higher utilization of the Lilium Jet. Deliveries of the chargers will begin this year, with Lilium's eVTOL service expected to start in 2026.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:07 pm

GSM

Ferroglobe PLC has entered into a long-term agreement to supply quartz and silicon to LONGi, a leading solar technology company. This partnership underscores Ferroglobe's role as a key supplier in the renewable energy sector and highlights the growing demand for silicon in solar technology applications.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:02 pm

CMC

FMST

NUE

ZKIN

Nucor Corporation announced a quarterly dividend of $0.54 per share. Commercial Metals Company added Dennis V. Arriola to its Board. ZK International completed a $2 million investment from CF Fund. Foremost Lithium joined Webull's CCS platform for better shareholder communication. Sayona Mining revealed a feasibility study for its Moblan Lithium Project with promising financials.

Portfolio Pulse from Austin DeNoce

February 20, 2024 | 10:00 pm

CZR

WYNN

Caesars Entertainment, Inc. (NASDAQ:CZR) has announced an agreement to acquire WynnBET's Michigan iGaming operations from Wynn Resorts and extend its iGaming market access rights with the Sault Ste. Marie Tribe of Chippewa Indians. The deal, pending regulatory approvals, includes non-cash considerations and aims to expand Caesars' digital presence in Michigan. Caesars plans to transition WynnBET customers to its platform and launch a new iCasino offering.

Portfolio Pulse from Happy Mohamed

February 20, 2024 | 9:50 pm

PSN

Parsons Corporation (NYSE:PSN) has been awarded a three-year project management consultancy contract by Soudah Development, a company owned by Saudi Arabia's Public Investment Fund, for the development of Soudah Peaks, a luxury mountain tourism destination. The project aligns with Saudi Arabia's Vision 2030 and Parsons' commitment to environmental integrity and precision in project management.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:42 pm