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AMD

NVDA

Nvidia (NVDA) faces potential delays in its Blackwell architecture, but Goldman Sachs advises investors to stay the course, viewing any short-term stock volatility as a buying opportunity. The delay is not expected to impact Nvidia's 2025 earnings or market dominance. Meanwhile, AMD (AMD) might see a marginal positive impact as an alternative in Data Center GPUs.

Portfolio Pulse from Surbhi Jain

August 05, 2024 | 7:35 pm

AMD

GOOG

INTC

META

MSFT

NVDA

AMD shares are rebounding after a morning selloff in the semiconductor sector, driven by NVIDIA's significant drop due to a reported design flaw in its next-gen Blackwell accelerators. NVIDIA's response and strong demand for its current Hopper chips helped ease market concerns. The sector was also affected by weak performance reports from Intel.

Portfolio Pulse from Vaishali Prayag

August 05, 2024 | 7:34 pm

MSFT

Blizzard Entertainment, a subsidiary of Microsoft Corp. (NASDAQ:MSFT), is launching a new AA studio focused on mid-level games and mobile integration. The studio will leverage former employees from King, another subsidiary of Activision Blizzard, to develop games centered around Blizzard’s established franchises like World of Warcraft, Overwatch, and StarCraft. This move aligns with Microsoft's broader strategy to explore cost-effective approaches and drive innovation within its gaming divisions.

Portfolio Pulse from Franca Quarneti

August 05, 2024 | 7:00 pm

BTCUSD

Renowned economist Peter Schiff dismissed Bitcoin as a possible reserve asset following an 18% drop over the past week, citing its high volatility and instability. However, other commentators argue that Bitcoin's volatility is a sign of its potential and growing pains as a revolutionary asset class. Schiff also noted that tech and crypto markets are pricing in a high probability of a 50-basis point rate cut in September, which has led to a 'buy-the-dip' reaction.

Portfolio Pulse from Khyathi Dalal

August 05, 2024 | 6:46 pm

FIVN

Bank of America Securities analyst Michael J. Funk upgraded Five9 Inc (NASDAQ:FIVN) from Underperform to Buy with a price target of $63, citing AI as a significant growth driver and the resolution of COVID-era headwinds. Funk believes Five9's intelligent virtual agents will expand the CCaaS market and drive revenue growth. Despite some risks, the current share price reflects these, and the company's strong backlog and easing customer pressures create a favorable outlook.

Portfolio Pulse from Anusuya Lahiri

August 05, 2024 | 6:43 pm

IYE

XLE

XOM

Exxon Mobil Corporation (NYSE:XOM) reported strong Q2 results with revenue and EPS beating estimates. Despite production gains and benefits from the Pioneer acquisition, economic concerns are causing shares to trade lower. Analysts have mixed views, with Truist Securities maintaining a Hold rating and Goldman Sachs giving a Neutral rating. Investors can also gain exposure through Energy Select Sector SPDR Fund (NYSE:XLE) and iShares U.S. Energy ETF (NYSE:IYE).

Portfolio Pulse from Lekha Gupta

August 05, 2024 | 6:39 pm

AZN

MRK

NUVB

PFE

Nuvation Bio Inc. (NYSE:NUVB) has decided to halt the development of its BD2-selective BET inhibitor, NUV-868, after analyzing Phase 1 data. The company will not proceed with Phase 2 studies and is evaluating future steps for the program. NUVB stock fell 7.41% following the announcement.

Portfolio Pulse from Vandana Singh

August 05, 2024 | 6:27 pm

MRK

Goldman Sachs discussed with Merck's President of Human Health International, Joe Romanelli, about Gardasil's performance and future outlook in China. Despite challenges in the Chinese vaccine market and operational issues with partner Zhifei, Merck remains confident in achieving over $11 billion in Gardasil sales by 2030. Goldman Sachs reiterates a Buy rating on Merck.

Portfolio Pulse from Vandana Singh

August 05, 2024 | 6:25 pm

ITA

MISL

SPR

Boeing shares are trading lower as executives from Boeing and Spirit AeroSystems are set to testify at an NTSB hearing regarding a Boeing 737-9 MAX incident. Despite recent challenges, Goldman Sachs remains optimistic about Boeing's future cash flow and production rates, reiterating a Buy rating but lowering the price target. Boeing's stock has declined 30% in the past year.

Portfolio Pulse from Lekha Gupta

August 05, 2024 | 6:24 pm

TSLA

The National Highway Traffic Safety Administration (NHTSA) is investigating a crash and fire involving a Tesla Cybertruck in Texas. The agency is gathering additional information from Tesla regarding the incident.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 6:21 pm