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Stock Prices

AOSL

B. Riley Securities analyst Craig Ellis upgraded Alpha & Omega Semiconductor (AOSL) from Neutral to Buy and increased the price target from $28 to $34.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 9:59 am

AMD

MSFT

NVDA

Andriy Burkov, Gartner's former machine learning chief, credits the 1996 game Quake for making modern AI possible by being the first 3D first-person shooter to benefit from GPU technology. This early use of GPUs paved the way for their current role in powering AI, impacting companies like Nvidia Corp. (NVDA) and Advanced Micro Devices (AMD), which produce GPUs. Bill Gates also acknowledges AI's potential to drive innovation.

Portfolio Pulse from Rounak Jain

January 02, 2024 | 9:58 am

HBAN

Barclays analyst Jason Goldberg upgraded Huntington Bancshares (NASDAQ:HBAN) from Underweight to Equal-Weight and increased the price target from $12 to $15.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 9:54 am

Raymond James analyst John Freeman has maintained a Strong Buy rating on Antero Resources (NYSE:AR) but reduced the price target from $37 to $28.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 9:33 am

HIMX

Himax Technologies, Inc. (NASDAQ:HIMX) and Seeed Studio are set to debut the Grove Vision AI Module V2 at CES 2024, featuring Himax's WiseEye2 AI processor HX6538 for low power consumption and high AI inference performance. This collaboration positions Himax at the forefront of AI development platforms.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 8:39 am

BYDDF

BYDDY

FFND

TSLA

Tesla, Inc. (TSLA) is set to release its Q4 delivery data, a key indicator for its upcoming earnings report. Analysts predict around 480,500 units for Q4, with some estimates reaching 505,794 for production and 479,000 for deliveries. Tesla needs 475,926 units in Q4 to meet its annual target of 1.8M deliveries. BYD Co. Ltd. (BYDDY) (BYDDF) reported strong Q4 EV sales, challenging Tesla's dominance. Tesla's price cuts in 2023 affected margins, leading to Q3 misses. The Cybertruck launch and changes in U.S. EV subsidies may influence future pricing and demand. Tesla's stock ended 2023 up 101.72% despite a recent drop.

Portfolio Pulse from Shanthi Rexaline

January 02, 2024 | 8:38 am

ASML

NVDA

ASML Holding NV has stopped planned exports of deep ultraviolet lithography machines to China following pressure from the U.S. administration. This action aligns with the U.S. strategy to limit China's technological advancements in semiconductors. ASML's CEO, Peter Wennink, warns that this could lead to China developing its own technology, potentially affecting 15% of ASML's sales in China. The U.S. has also influenced NVIDIA Corp to sell a modified version of its gaming chip in China due to export controls.

Portfolio Pulse from Benzinga Neuro

January 02, 2024 | 8:22 am

ACDSF

KPELY

SGAPY

Singapore's economy saw a 2.8% year-on-year growth in Q4 2023, surpassing expectations with significant contributions from the construction and manufacturing sectors. This growth is an increase from the 1% in Q3 and a total expansion of 1.2% in 2023, although lower than the 3.6% in 2022. Economists predict a brighter outlook for 2024, with GDP growth estimates around 1% to 3%. U.S.-listed Singaporean companies like CapitaLand Ascendas REIT, Keppel Corp, and Singapore Telecommunications experienced share price increases following the news.

Portfolio Pulse from Benzinga Neuro

January 02, 2024 | 7:51 am

CALM

LMDX

PALI

SPGC

WNW

Several companies are in focus heading into Tuesday with key developments: Sacks Parente Golf, Inc. (SPGC) announced the immediate resignation of its CEO, with shares dropping in after-hours trading. LumiraDx Limited (LMDX) agreed to sell its technology platform to Roche, resulting in a share price decline. Palisade Bio, Inc. (PALI) filed for a common stock offering, slightly boosting its share price. Meiwu Technology Co., Limited (WNW) reported a significant revenue surge and a decrease in net loss, leading to a share price increase. Cal-Maine Foods, Inc. (CALM) plans to acquire assets from Tyson Foods, with a slight decrease in its share price after the announcement.

Portfolio Pulse from Avi Kapoor

January 02, 2024 | 7:44 am

FBIO

FSR

The CNN Money Fear and Greed index indicates 'Extreme Greed' despite a slight decline in market sentiment. The S&P 500 surged 24.2% in 2023, marking its best streak since 2004. Fisker Inc. (FSR) shares rose 16% after a business update, while Fortress Biotech, Inc. (FBIO) shares dropped over 22% due to a direct offering announcement. The Dow Jones and Nasdaq also saw gains in 2023, with the latter recording its best year since 2020.

Portfolio Pulse from Avi Kapoor

January 02, 2024 | 7:32 am