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Revenues

IBM

Rapidus and IBM have entered into a joint development partnership to work on chiplet packaging technology for 2nm-generation semiconductors. This collaboration is part of a larger international project led by Japan's NEDO and builds on an existing agreement between IBM and Rapidus for 2nm node technology development. Engineers from both companies will collaborate at IBM's North American facilities for R&D and manufacturing.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:03 am

BTDR

CORZ

NVDA

Core Scientific Inc. (NASDAQ:CORZ) has announced a 12-year partnership with CoreWeave, backed by Nvidia Corp. (NASDAQ:NVDA), to provide infrastructure for AI use cases, expected to generate over $3.5 billion in revenue. This move follows a trend among Bitcoin miners to diversify into AI services following the Bitcoin halving event in April.

Portfolio Pulse from Aniket Verma

June 04, 2024 | 5:14 am

EWA

Australia's retail sales for the month showed a 0.1% increase, matching estimates but improving from the previous month's -0.4% decline.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:02 am

EWA

Australia's current account for Q1 reported a deficit of -4.9 billion AUD, missing the estimated 5.6 billion AUD surplus and down from the revised 2.7 billion AUD surplus in the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:02 am

EWA

Australia's company gross operating profits for Q1 fell by 2.5% quarter-over-quarter, missing the estimated decline of 0.9% and significantly down from the revised prior figure of 7.1%.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:01 am

EWU

The U.K. BRC Retail Sales Monitor for May showed a year-over-year increase of 0.4%, which is below the estimated 1.2% and a significant improvement from the prior -4.4%.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:01 am

BTCUSD

ETHUSD

Memecoins DOG•GO•TO•THE•MOON and Floki outperformed the broader market, with DOG gaining 24.24% and Floki increasing by 3.90%. DOG's trading volume spiked 127% to $82 million, while Floki's trading volume surged 160% to $834 million. Both coins have shown significant market cap growth and social engagement.

Portfolio Pulse from Aniket Verma

June 04, 2024 | 3:42 am

AVGO

INTC

MRVL

NVDA

QCOM

TSM

China's Semiconductor Manufacturing International Corp. (SMIC) is ramping up chip production using domestic tools to counteract U.S. export restrictions. This move is part of China's broader strategy to reduce reliance on American technology. Despite U.S. export controls, companies like Intel, Broadcom, Qualcomm, and Marvell Technology have reported higher revenues from China. Nvidia and Intel have created modified AI chips for China to comply with U.S. regulations.

Portfolio Pulse from Ananya Gairola

June 04, 2024 | 2:39 am

RIG

Shares of Transocean LTD (NYSE:RIG) traded lower on Monday following an OPEC+ decision to extend deep oil output cuts until 2025. The decision aims to address concerns over tepid demand growth, high interest rates, and rising U.S. production. Brent crude oil prices have remained below budgetary requirements for many OPEC+ members, trading near $80 per barrel. Transocean shares closed Monday down 7.9% at $5.73.

Portfolio Pulse from Vaishali Prayag

June 03, 2024 | 10:12 pm

UNH

UnitedHealth Group (NYSE:UNH) has significantly outperformed the market over the past decade, delivering an average annual return of 20.08%. A $1000 investment in UNH 10 years ago would be worth $6,236.71 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 9:30 pm