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Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are moving sideways as investors await the Federal Reserve's interest rate decision and inflation data. Bitcoin is hovering around $69,000, Ethereum around $3,600, and Dogecoin at $0.1461. Analysts predict Bitcoin could reach $74,000 soon.

Portfolio Pulse from Aniket Verma

June 10, 2024 | 1:35 am

AAPL

AMD

INTC

META

NFLX

NVDA

PLTR

QCOM

SONY

TTWO

The article covers various developments in the consumer tech world from June 2 to June 8, 2024. Key highlights include Donald Trump joining TikTok, U.S. startups distancing from Chinese investors, and a strategic AI partnership between the UAE and the U.S. In the gaming sector, Take-Two Interactive is closing Intercept Games and Roll7, while Sony's Naughty Dog is working on multiple projects. Netflix postponed a boxing match and announced a new home screen. Apple revealed details about the iPhone 16 Pro and changes to its warranty policy. Qualcomm, AMD, and Intel introduced new chips, and Meta launched new AI tools and faced EU complaints. Elon Musk redirected Nvidia chips to X and xAI, and Palantir hosted AIPCon 4.

Portfolio Pulse from Lekha Gupta

June 09, 2024 | 9:53 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk announced that there will be no refreshed Model Y this year. Despite continuous improvements to their vehicles, Tesla faces challenges with high interest rates and competition from more affordable models in China. The company's global vehicle deliveries dropped in Q1 2024, the first decline in nearly four years. Tesla's new financing offer for the Model Y aims to boost demand.

Portfolio Pulse from Bibhu Pattnaik

June 09, 2024 | 7:21 pm

AAPL

AMD

DELL

INTC

NVDA

SMCI

Nvidia's CEO Jensen Huang has surpassed Michael Dell in wealth as Nvidia's market cap nears $3 trillion. Huang's net worth surged due to high demand for Nvidia's AI chips. Dell Technologies faced a setback after underwhelming earnings reports. Nvidia continues to dominate the AI accelerator market, competing with AMD and Intel.

Portfolio Pulse from Nabaparna Bhattacharya

June 08, 2024 | 8:26 pm

AAPL

NVDA

Gene Munster from Deepwater Asset Management suggests that Apple's AI strategy could lead to a three-year iPhone upgrade cycle, boosting sales. AI features will be available on iPhone 15 Pro models or newer, potentially increasing device sales. Munster estimates 40% of iPhone users are ready for an upgrade, which could drive 5% growth in iPhone sales over the next three years.

Portfolio Pulse from Ananya Gairola

June 08, 2024 | 3:57 am

General Dynamics Land Systems (GDLS), a unit of General Dynamics (NYSE:GD), has been awarded a $1.88 billion contract to provide the Canadian Armed Forces with new logistics vehicles.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 11:27 pm

CGC

TLRY

Canopy Growth (NASDAQ:CGC) and Tilray (NASDAQ:TLRY) have initiated $250M At-The-Market (ATM) equity issuance programs, which allow for incremental share sales at current market prices, potentially reducing stock pressure compared to traditional equity issues. Canopy's stock fell 8.45% following the announcement, but the decline would have been steeper with a regular equity issue. Both companies trade at premiums to the group's market-to-tangible book value median, with Canopy showing better year-to-date performance due to its U.S. acquisitions.

Portfolio Pulse from Nicolás Jose Rodriguez

June 07, 2024 | 9:32 pm

CME

CME Group (NASDAQ:CME) has outperformed the market over the past 20 years with an average annual return of 10.9%, resulting in a $1000 investment growing to $7,861.20. The company currently has a market capitalization of $71.78 billion.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 9:31 pm

WMT

Walmart executive indicates that the IPOs for Flipkart and PhonePe could take a couple of years, according to a Reuters exclusive.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:51 pm

SDIG

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) reported mining 82 Bitcoin and generating $5.2 million in revenue in May 2024, a 46% decrease from April 2024. The decline was primarily due to the Bitcoin halving event, a slight drop in Bitcoin price, and lower transaction fees.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:30 pm