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AMZN

CRM

META

MSFT

France is making significant strides in AI, supported by major U.S. tech companies like Amazon, Salesforce, and Microsoft. At the Viva Technology conference, French AI firm H raised $220 million in seed funding from investors including Amazon and Eric Schmidt. France aims to become a global AI leader, despite regulatory challenges and competition from the U.K.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 6:55 am

VEON

VEON reported a total revenue of $1.278 billion for April YTD 2024, marking an 8.6% increase year-over-year. EBITDA also rose by 2.1% to $528 million. The company has appointed UHY LLP as auditors for its 2023 PCAOB audit.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:38 am

AIQ

BOTZ

MSFT

NVDA

ROBO

A UBS report suggests that Microsoft may be Nvidia's largest customer, contributing to 19% of Nvidia's revenue in fiscal 2024. Nvidia's stock has surged 130% this year, driven by demand for AI processors. The report also highlights the growing interest in AI ETFs like BOTZ, AIQ, and ROBO. Nvidia's CEO will attend Taiwan's AI Tech Fest, and the U.S. has halted AI chip sales to the Middle East due to security concerns.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 6:18 am

BBY

CRM

DOOO

GCO

PATH

Investor sentiment has declined ahead of inflation data, with the Dow Jones falling over 300 points. Despite this, major indices are set to record gains for May. Salesforce (CRM) shares dropped 20% due to weak guidance, while Best Buy (BBY) shares surged 13% on strong earnings. UiPath (PATH) tumbled 34% after weak revenue guidance and a CEO transition. Investors await earnings from Genesco (GCO) and BRP (DOOO).

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 6:07 am

EWG

Germany's retail sales for April fell by 1.2% month-over-month, significantly missing the estimated decline of 0.2% and down from a revised 2.6% increase in the prior month.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:06 am

EWU

The U.K. Nationwide House Price Index (HPI) for May increased by 0.4% month-over-month, surpassing the estimated 0.1% and recovering from the previous month's -0.4%.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:05 am

EWU

The U.K. Nationwide House Price Index (HPI) for May showed a year-over-year increase of 1.3%, up from the previous 0.6%.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:05 am

SPOT

Spotify Technology SA (NYSE:SPOT) will refund customers who purchased its Car Thing dashboard accessory before deactivating the devices in December 2024. This decision follows a class action lawsuit and comes after a challenging year for Spotify, which included price increases, layoffs, and a 20% revenue growth in Q1 2024.

Portfolio Pulse from Ananya Gairola

May 31, 2024 | 5:16 am

BBJP

DXJ

EWJ

Japan's industrial production for April fell by 0.1% month-over-month, missing the estimated 1.5% increase and significantly lower than the previous month's 4.4% growth.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 4:45 am

NVOS

Novo Integrated Sciences (NASDAQ: NVOS) surged 70.29% in after-hours trading following HSBC's confirmation of a $78 million Standby Letter of Credit. The funding will be used to acquire the Ophir Collection, a set of 43 gemstones, supporting Novo's non-dilutive financing for growth objectives.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 3:17 am