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GBTC

Dave LaValle, Grayscale's Head of ETFs, was interviewed in Benzinga's Crypto Webinar, discussing topics relevant to Grayscale and the cryptocurrency market. The interview may provide insights into Grayscale's strategies and market perspectives.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 4:05 pm

AFIB

Acutus Medical's stock is trading higher following the grant of European patent EP3043701, which covers devices and methods for determining electrical dipole densities on cardiac surfaces, a technology that can be used for diagnosing tissue health.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:52 pm

META

Meta Platforms Inc. (NASDAQ:META) announced the establishment of a new $800 million data center campus in Jeffersonville, Indiana. The facility will support 100 operational jobs and over 1,250 construction jobs at peak. The data center, expected to be operational in 2026, will be Meta's 18th in the U.S. and 22nd globally. It will be powered by 100% renewable energy and aims for LEED Gold certification. Indiana has committed a 35-year term data center sales tax exemption for Meta, with potential extensions based on additional investments.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:49 pm

LVTX

MRK

LAVA Therapeutics' stock price has increased following the announcement of a clinical trial collaboration and supply agreement with Merck & Co. The collaboration is to evaluate LAVA-1207 in combination with Merck's KEYTRUDA.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:48 pm

AKTS

INBS

LVTX

ONCO

PCSA

RDHL

U.S. stocks opened higher with the Dow Jones gaining over 100 points. Real estate shares led the gains, while consumer discretionary shares lagged. The U.S. GDP growth for Q4 outpaced estimates at 3.3% compared to the expected 2%. Onconetix, Inc. (ONCO), Processa Pharmaceuticals, Inc. (PCSA), and LAVA Therapeutics N.V. (LVTX) saw significant stock price increases due to specific company news. Conversely, RedHill Biopharma Ltd. (RDHL), Akoustis Technologies, Inc. (AKTS), and Intelligent Bio Solutions Inc. (INBS) experienced notable declines following company-specific announcements.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 3:42 pm

AMD

AVGO

NVDA

QCOM

SOXX

Broadcom Inc (NASDAQ:AVGO) stock reached a new all-time high of $1,284.55, driven by the semiconductor and AI boom. The stock has surged over 114% in the past year, outperforming the iShares Semiconductor ETF (NASDAQ:SOXX) and the S&P 500. Broadcom's strong financial performance and strategic positioning in the digital transformation market contribute to its success. Compared to peers like AMD (NASDAQ:AMD), NVIDIA (NASDAQ:NVDA), and Qualcomm (NASDAQ:QCOM), Broadcom offers better value with a forward P/E of 22.47. Analysts from Goldman Sachs and Cantor Fitzgerald have set price targets of $1,325 and $1,300, respectively, suggesting modest upside potential.

Portfolio Pulse from Surbhi Jain

January 25, 2024 | 3:17 pm

BTCUSD

ETHUSD

PLTR

SOLUSD

Joe Lonsdale, co-founder of Palantir Technologies, discussed on CNBC the potential of AI as a catalyst for cryptocurrencies. He suggested that AI adoption could lead to increased productivity and that AI agents might use cryptocurrencies like Bitcoin, Ethereum, and Solana for transactions. Lonsdale also sees crypto as a safe asset in inflationary times. Crypto prices have recently cooled after a surge at the end of 2023.

Portfolio Pulse from Erica Kollmann

January 25, 2024 | 3:16 pm

VTNR

Vertex Energy Inc (NASDAQ:VTNR) shares have risen today despite a ~57% decline over the past month. The company provided an operational update for Q4 2023, with conventional throughput volumes slightly below previous guidance and renewable diesel production just under forecasted range. However, finished product yields are in line with guidance, and the company has improved liquidity by leveraging cash invested in the Renewable Diesel project. The CEO noted an improvement in crack spreads and increased margin efficiency, leading to ramped-up production rates for the next quarter.

Portfolio Pulse from Lekha Gupta

January 25, 2024 | 3:16 pm

NVDA

TSM

Nvidia Corp (NVDA) stock is experiencing an uptick due to the ongoing artificial intelligence (AI) boom, with its market value significantly increasing over the past year. Nvidia has been adapting to U.S. restrictions by creating compliant semiconductors for the Chinese market. Nvidia CEO Jensen Huang met with Taiwan Semiconductor Manufacturing Co (TSM) executives to discuss AI chip supply, which is crucial given TSMC's role as a key producer of Nvidia's chips. Analysts remain bullish on Nvidia, citing its leadership in GPU and chip supply and its potential in various sectors including AI, gaming, automotive, and data centers. Nvidia's stock rose 218% last year and was up 1.69% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 25, 2024 | 3:15 pm

CWBHF

GTBIF

SHWZ

Colorado lawmakers introduced a bipartisan measure to simplify cannabis regulations, including eliminating mandatory Aspergillus fungus testing. The bill also addresses labeling mandates, allows dispensaries to sell non-cannabis consumable goods, and extends licensure from one to two years. Publicly traded companies in Colorado like Green Thumb Industries, Schwazze, and Charlotte’s Web Holdings could be affected. Curaleaf Holdings exited Colorado last year.

Portfolio Pulse from Jelena Martinovic

January 25, 2024 | 3:11 pm