Streetbeat News

Revenues

CPAY

Corpay has signed a definitive agreement to acquire GPS Capital Markets, aiming for $2 billion in revenue by 2026. The transaction is expected to close in early 2025, subject to regulatory approval and standard closing conditions. The acquisition is expected to be accretive to revenue and EPS growth in 2025. The company also reiterated its Q2'24 outlook.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:46 am

NVDA

TSLA

Tesla is expanding its Giga Texas factory to house 50,000 Nvidia GPUs, enhancing its AI capabilities. The expansion includes installing large fans for cooling. Tesla plans to spend $3-4 billion on Nvidia hardware this year.

Portfolio Pulse from Anan Ashraf

June 20, 2024 | 5:45 am

ADAUSD

XRPUSD

Investors have increased their short positions on XRP and Cardano following a temporary price bounce due to the SEC's decision to withdraw the security probe into Ethereum. This heavy shorting could lead to significant liquidations and short squeezes, potentially driving prices up.

Portfolio Pulse from Aniket Verma

June 20, 2024 | 4:18 am

META

TSLA

Elon Musk addressed advertisers at the Cannes Lions conference, explaining his previous outburst and reassuring them about the future of X, formerly Twitter. He emphasized the platform's commitment to free speech and acknowledged his own controversial behavior.

Portfolio Pulse from Ananya Gairola

June 20, 2024 | 3:18 am

MU

Micron Technology Inc. (NASDAQ:MU) is planning a significant expansion of its high-bandwidth memory (HBM) chip production in the U.S. and is considering manufacturing in Malaysia. This move aims to capture a larger share of the AI chip market, currently dominated by SK Hynix and Samsung. Micron's stock has seen a significant rise, reflecting investor optimism.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 2:26 am

DELL

NVDA

TSLA

Dell Technologies Inc (NYSE:DELL) and NVIDIA Corp (NASDAQ:NVDA) are collaborating to build an AI factory to power xAI's supercomputer, as confirmed by Elon Musk and Michael Dell. This factory will support Grok, xAI's generative AI chatbot, designed to rival OpenAI's ChatGPT. The partnership is seen as a pivotal move in the AI industry, with Dell assembling half of the racks for the supercomputer.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 1:59 am

MOD

Modine Manufacturing (NYSE:MOD) has significantly outperformed the market over the past 15 years, delivering an average annual return of 23.06%. A $100 investment in MOD 15 years ago would be worth $2,396.32 today. The company's current market capitalization is $5.12 billion.

Portfolio Pulse from Benzinga Insights

June 19, 2024 | 9:30 pm

CME

CME Group (NASDAQ:CME) has outperformed the market over the past 20 years with an average annual return of 10.2%, resulting in a $100 investment growing to $710.01. The company currently has a market capitalization of $68.79 billion.

Portfolio Pulse from Benzinga Insights

June 19, 2024 | 9:30 pm

PGR

Progressive (NYSE:PGR) has outperformed the market over the past 20 years with an average annual return of 12.15%, resulting in a $1000 investment growing to $9,817.17. The company currently has a market capitalization of $123.43 billion.

Portfolio Pulse from Benzinga Insights

June 19, 2024 | 9:00 pm

BLDR

Builders FirstSource (NYSE:BLDR) has significantly outperformed the market over the past 10 years, delivering an average annual return of 35.04%. A $1000 investment in BLDR 10 years ago would be worth $20,059.06 today. The company's current market capitalization is $18.24 billion.

Portfolio Pulse from Benzinga Insights

June 19, 2024 | 9:00 pm