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GBTC

Grayscale Investments is seeking SEC approval for options trading on its Bitcoin ETF, GBTC, to diversify its investor base and enhance shareholder value. CEO Michael Sonnenshein emphasizes the importance of this move, especially given Bitcoin's recent 47% monthly increase. The approval process may be complex, involving both the SEC and CFTC, due to Bitcoin's commodity classification. Options trading could bring significant capital into Bitcoin ETFs, improve price discovery, and integrate Bitcoin more closely into the regulated financial ecosystem.

Portfolio Pulse from Murtuza Merchant

March 01, 2024 | 8:22 pm

GEHC

The FDA has classified the recall of Datex-Ohmeda's EVair air compressors as a Class I recall due to the discovery of formaldehyde emissions under specific conditions. These compressors are used with Engstrom Carestation or Pro ventilators.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 8:07 pm

AMZN

IVV

META

NVDA

SPY

VOO

The U.S. tech rally, led by the 'Magnificent Seven' tech stocks, has shown significant growth over the past year, with the S&P 500 Index up over 25%. This growth is attributed to sustainable fundamentals, particularly the strategic focus on generative AI, which has driven a 90% surge in these stocks since the beginning of 2023. The ETFs tracking the S&P 500, such as SPY, VOO, and IVV, have also seen price appreciation. Nvidia, Meta Platforms, and Amazon have been the top performers among the Magnificent Seven, with substantial returns.

Portfolio Pulse from Surbhi Jain

March 01, 2024 | 8:06 pm

JNJ

The FDA has approved Amivantamab-Vmjw for the treatment of adult patients with locally advanced or metastatic non-small cell lung cancer (NSCLC) that have EGFR Exon 20 insertion mutations. The recommended dose of Amivantamab-Vmjw is based on the patient's body weight.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 7:46 pm

SMH

TSM

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) faces water shortage challenges as demand for advanced semiconductor chips increases. The shift to more sophisticated processing technologies has led to a 35% increase in water usage per unit. TSMC's critical role in the global tech supply chain, producing about 90% of the world's advanced chips, could be impacted. The company is expanding globally, with new plants in Japan and a $40 billion investment in Arizona, USA. Investors can gain exposure to TSMC through the VanEck Semiconductor ETF (NASDAQ:SMH), which has seen a 28% increase year-to-date. TSM shares rose by 5.77% to $136.08.

Portfolio Pulse from Anusuya Lahiri

March 01, 2024 | 7:39 pm

AAPL

The release of Apple Inc's (NASDAQ:AAPL) Vision Pro mixed reality headset has sparked discussions and unique uses, including a groom wearing it at his wedding. Despite its potential as a new revenue driver for Apple, most stories since its release have been negative, focusing on safety concerns and unconventional uses. Apple's stock is currently down 1.15% to $178.60.

Portfolio Pulse from Chris Katje

March 01, 2024 | 7:14 pm

NVDA

SOUN

SoundHound AI Inc (NASDAQ:SOUN) stock experienced a Golden Cross, indicating a bullish market trend, with its stock up about 250% this year. The momentum has been particularly strong since early February, driven by investments from NVIDIA Corp (NASDAQ:NVDA) and SoftBank. Despite missing earnings expectations, SoundHound's positive revenue guidance for 2024 and 2025 has boosted investor confidence. The company's advancements in voice and audio recognition technology and strategic partnerships are key factors in its growth.

Portfolio Pulse from Surbhi Jain

March 01, 2024 | 7:10 pm

META

Meta Platforms, Inc. (NASDAQ:META) shares hit all-time highs, trading above $500, following CEO Mark Zuckerberg's focus on AI, AR, and VR advancements, including meetings in Tokyo and with Samsung and LG Electronics on AI cooperation. Meta is set to unveil AR glasses codenamed Orion this fall. A U.S. court ruled in favor of Meta in a case against NSO Group over spyware. META's stock is up over 40% YTD, with analysts having a positive outlook despite the average target suggesting potential downside.

Portfolio Pulse from Erica Kollmann

March 01, 2024 | 7:04 pm

AMAT

AMD

ASML

AVGO

SMH

TSM

A Reddit discussion highlights top semiconductor stocks and ETFs for long-term investment, including SMH, ASML, AMAT, AMD, AVGO, and TSM. The conversation covers diversified ETF investment, critical manufacturing roles, competitive dynamics, and strategic global expansion.

Portfolio Pulse from Surbhi Jain

March 01, 2024 | 6:28 pm

ACMR

AMAT

AMD

AMKR

ASML

Semiconductor stocks are experiencing an uptick due to the overall strength in the tech sector and ongoing momentum in artificial intelligence.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 6:16 pm