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FDRV

IDRV

KARS

The International Energy Agency (IEA) forecasts global oil demand to peak at 105.7 million barrels per day in 2028 due to the rise of electric vehicles (EVs). The demand for oil in transport fuels is expected to decline after 2026, with gasoline demand possibly peaking in 2023. EV sales are predicted to reach 155 million by 2028, displacing significant gasoline and diesel consumption.

Portfolio Pulse from Piero Cingari

June 14, 2023 | 4:30 pm

XPON

Expion360 Inc. has launched a new e360 SmartTalk Battery for electric golf carts and light electric vehicles (LEVs). The battery has intelligent wireless mobile management capabilities, superior construction, and a 12-year lifespan. The company expects the new product to leverage the solid growth prospects of golf cart batteries under the lithium battery segment.

Portfolio Pulse from Nabaparna Bhattacharya

June 14, 2023 | 4:11 pm

SNE

Sony has begun testing cloud streaming for PS5 games, with plans to add the feature to its PlayStation Plus Premium subscription. The cloud feature would eliminate the need to download games to the console for streaming to other devices. Sony currently supports streaming PS5 games to PCs, Macs, and mobile devices, but requires the PS5 as the host.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 4:10 pm

MVIS

WETG

U.S. stocks traded mixed with Dow Jones dropping over 100 points, while NASDAQ and S&P 500 rose. Crude oil inventories climbed by 7.919 million barrels, against market estimates of a 0.51 million decline. WeTrade Group shares surged after launching an AI-generated language model, while MicroVision shares plummeted following a proposed public offering.

Portfolio Pulse from Lisa Levin

June 14, 2023 | 4:10 pm

DOCS

PACB

VEEV

Arelis Agosto, a research analyst at Global X ETFs, sees investment opportunities in health-care companies leveraging AI technology. She recommends Pacific Bioscience of California (PACB), Veeva (VEEV), and Doximity (DOCS) as AI's application to the health-care space is still in its infancy.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 4:08 pm

AMD

NVDA

Advanced Micro Devices (AMD) shares rose after its Data Center and AI Technologies event, where it unveiled the MI300X GPU and raised its AI accelerator TAM outlook to $150 billion by 2027. Analysts from Mizuho Securities, Raymond James, Wedbush, KeyBanc Capital Markets, and Bernstein provided their takeaways and updated price targets.

Portfolio Pulse from Priya Nigam

June 14, 2023 | 4:05 pm

IBM

IBM plans to upgrade all its quantum systems to large-scale processors, aiming to improve performance and scalability, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:59 pm

CUEN

CUENW

Cuentas, Inc. (NASDAQ:CUEN) (NASDAQ:CUENW) announces plans to accelerate its Cuentas Casa sustainable community development initiatives with two new land purchase agreements in Florida, totaling 55+ acres and 670+ apartments. The company aims to leverage its cost-efficient, alternative building technologies to grow more aggressively in the challenging market.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:42 pm

AMZN

GOOG

GOOGL

MSFT

ORCL

Oracle Corporation reported better-than-expected fiscal Q4 results and revenue guidance, with $13.84 billion in revenue, a 17% YoY growth. The company's cloud services and license support revenue grew 23% to $9.37 billion, while cloud infrastructure revenue expanded 76% to $1.4 billion. Oracle also partnered with start-up Cohere to bring generative artificial intelligence to its cloud service.

Portfolio Pulse from Upwallstreet

June 14, 2023 | 3:40 pm

INOD

Innodata announced the start of generative AI training dataset development for a leading cloud infrastructure and platform services company, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:20 pm