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AVGO

Broadcom Inc. (NASDAQ:AVGO) is poised for significant growth with a $150 billion AI silicon market opportunity over the next five years, according to JPMorgan analyst Harlan Sur. The company is seeing strong booking trends in both AI and non-AI segments, indicating robust near-term and long-term prospects.

Portfolio Pulse from Surbhi Jain

July 16, 2024 | 1:14 pm

ASML

SMCI

TDIV

TSM

VWO

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock is trading higher due to strong AI demand. ASML Holding (NASDAQ:ASML) expects significant orders from TSM, boosting its Q2 order value. Super Micro Computer Inc (NASDAQ:SMCI) CEO is optimistic about AI growth. TSM is projected to report a 30% increase in Q2 profits. Investors can gain exposure through Vanguard FTSE Emerging Markets ETF (NYSE:VWO) and First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV).

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 1:10 pm

AAPL

FXI

Huawei's annual smartphone shipments have plummeted to around 20 million units due to US sanctions, according to executive Richard Yu Chengdong. This significant drop highlights the impact of geopolitical tensions on the tech industry.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:06 pm

ETHUSD

SOLUSD

Solana (SOL) is outperforming Ethereum (ETH) in terms of token listings, daily active addresses, and NFT transactions. Experts predict bullish short-term price action for SOL, with potential to surge towards $174. SOL has seen a 10.7% gain over the past week.

Portfolio Pulse from Khyathi Dalal

July 16, 2024 | 1:04 pm

AAPL

Anysphere, an AI startup backed by OpenAI, is raising a new funding round with a valuation of at least $400 million. The company, known for its AI code editor Cursor, has previously raised $11 million. This funding round is supported by A16z.

Portfolio Pulse from Benzinga Neuro

July 16, 2024 | 1:04 pm

NVDA

SMCI

VOT

VTWO

Super Micro Computer Inc (NASDAQ:SMCI) CEO Charles Liang discussed the company's environmental initiatives and growth potential in an interview with CNBC. Liang emphasized the benefits of Super Micro's 'liquid cooling' and 'green computer' technologies. The company will join the Nasdaq 100 on July 22. Year-to-date, SMCI's stock has surged over 200%. Investors can gain exposure to SMCI through Vanguard Mid-Cap Growth ETF (NYSE:VOT) and Vanguard Russell 2000 ETF (NASDAQ:VTWO).

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 1:01 pm

CHWY

In the last three months, 16 analysts have published ratings on Chewy (NYSE:CHWY), with a mix of bullish and bearish perspectives. The average 12-month price target has increased by 12.5% to $24.12. Analysts have recently raised their price targets, reflecting positive sentiment towards Chewy's financial performance, including strong revenue growth, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 1:00 pm

GOOGL

45 analysts have recently assessed Alphabet (NASDAQ:GOOGL), with a mix of bullish and bearish perspectives. The average 12-month price target has increased to $199.16 from $176.91. Analysts have frequently updated their recommendations, reflecting evolving market conditions and company performance. Alphabet has shown strong financial performance with a 15.41% revenue growth rate, a 29.38% net margin, and a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 1:00 pm

SPY

The USA Redbook year-over-year (YoY) growth rate has decreased to 4.8% from the previous 6.3%.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:56 pm

AAPL

INTC

QCOM

Huawei is nearing completion of its largest research center in Shanghai, focusing on semiconductor advancements despite U.S. sanctions. The center will house 30,000 personnel and cost $1.4 billion. The U.S. has revoked licenses for Huawei to purchase chips from Qualcomm and Intel, impacting these companies.

Portfolio Pulse from Shivani Kumaresan

July 16, 2024 | 12:54 pm