Streetbeat News

Stock Prices

TSLA

Cathie Wood, CEO of Ark Invest, praised Tesla Inc (NASDAQ:TSLA) as the world's largest AI player, highlighting its access to proprietary data from 5 million 'robots' (vehicles) worldwide. Wood emphasized Tesla's advantage in AI for autonomous vehicles and expects Tesla's market share to increase as legacy automakers like Ford and GM pull back on EV strategies. Tesla remains a top holding in Ark's flagship fund, specifically the third-largest in the Innovation ETF with an 8.59% weighting. Tesla shares have risen approximately 97% since the start of the year.

Portfolio Pulse from Adam Eckert

November 15, 2023 | 7:33 pm

AMD

NVDA

AMD announced an event on December 6, 2023, to launch its next-generation AMD Instinct MI300 data center GPU, a competitor to Nvidia's H100. Nvidia revealed its H200 GPU, an upgrade from the H100. AMD's event, 'Advancing AI,' will feature discussions on AI and computing with CEO Dr. Lisa Su. The event aims to showcase AMD's AI hardware and software momentum. AMD stock has risen 84% YTD but traded down 1.75% at $117.78 recently.

Portfolio Pulse from Anusuya Lahiri

November 15, 2023 | 7:33 pm

DKNG

Craig-Hallum analyst Ryan Sigdahl has maintained a Buy rating on DraftKings (NASDAQ:DKNG) and increased the price target from $40 to $45.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:32 pm

FXI

SPY

Chinese President Xi Jinping stated that the US and China have a heavy responsibility for the world and history, and should be capable of overcoming their differences. This comment suggests a potential for improved relations between the two countries.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:30 pm

NUE

Over the past 20 years, Nucor (NYSE:NUE) has delivered an average annual return of 12.93%, outperforming the market. A $1000 investment in NUE 20 years ago would be worth $11,679.79 today. Nucor's market capitalization currently stands at $38.47 billion.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 7:30 pm

HDB

Over the past 10 years, HDFC Bank (NYSE:HDB) has produced an average annual return of 13.54%, outperforming the market by 3.88% on an annualized basis. A $100 investment in HDB a decade ago would now be worth $346.89. HDFC Bank's current market capitalization stands at $148.42 billion.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 7:30 pm

FPAY

FlexShopper's stock price has increased following the release of their Q3 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:30 pm

GH

Guardant Health Inc (NASDAQ: GH) stock is trading lower after the company announced plans to appeal a U.S. District Court verdict in a patent infringement case brought by TwinStrand Biosciences Inc. and the University of Washington. The jury found Guardant Health willfully infringed two patents and awarded $83.4 million in damages, with the possibility of tripling the damages due to willful infringement. Guardant Health disagrees with the decision and plans to file additional motions and appeal.

Portfolio Pulse from Vandana Singh

November 15, 2023 | 7:28 pm

BWAY

BrainsWay's stock is trading higher following the announcement of their third-quarter financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:26 pm

AIHS

Seminao Technology's stock is trading higher following the announcement of improved year-over-year earnings per share (EPS) for the second quarter.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:21 pm