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RVSN

Rail Vision's stock price increased following the announcement that it has received an order for its AI-powered Switch Yard System from a Class 1 freight rail company in North America.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:24 pm

AMD

BB

BlackBerry Limited (NYSE:BB) shares are up in premarket trading following the announcement of a collaboration with Advanced Micro Devices, Inc. (NASDAQ:AMD) to develop a new platform for next-generation robotic systems. This platform aims to provide low latency, jitter, and repeatable determinism in robotics, enhancing performance, reliability, and scalability in industrial and healthcare sectors. The collaboration leverages BlackBerry QNX's real-time software solutions and AMD's Kria K26 SOM technology. BlackBerry also reported a Q4 FY24 revenue of $173 million, surpassing expectations and marking a significant year-over-year growth.

Portfolio Pulse from Nabaparna Bhattacharya

April 09, 2024 | 12:23 pm

TAP

Molson Coors Beverage Co. (TAP) shares are trading higher following an upgrade by Goldman Sachs from Neutral to Buy, with a raised price target from $66 to $75.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:23 pm

ALLY

Ally Financial's stock (ALLY) is trading higher following an upgrade from B of A Securities, which changed its rating from Neutral to Buy and increased the price target from $42 to $46.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:22 pm

FCX

Freeport-McMoRan's stock (FCX) experienced a rise after B of A Securities upgraded its rating from Neutral to Buy.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:21 pm

AVGO

GOOG

GOOGL

META

Broadcom Inc. (NASDAQ:AVGO) is set for growth with Meta Platforms Inc (NASDAQ:META) as a new multi-billion-dollar AI ASIC customer. JPMorgan analyst Harlan Sur highlights Broadcom's success in securing next-gen 3nm AI ASIC chip wins with Google (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta, projecting significant revenue increases. Broadcom's AI ASIC revenues are expected to reach over $9 billion this year, a substantial rise from last year's $3.5 billion, driven by partnerships with Google and Meta. Sur anticipates Broadcom's total AI semiconductor shipments to hit $10-$12 billion this year, marking a 2.5X growth compared to 2023.

Portfolio Pulse from Surbhi Jain

April 09, 2024 | 12:19 pm

ARKK

COIN

TSLA

Tesla Inc. (TSLA) has regained its position as the top holding in Cathie Wood's Ark Innovation ETF (ARKK), surpassing Coinbase Global (COIN) due to a surge in Tesla's shares and Ark's ongoing sell-off of Coinbase shares. Tesla's holdings in ARKK are valued at $714.36 million, with both Tesla and Coinbase having a 9.75% weighting in the ETF. Ark remains bullish on Tesla, holding a $2,000 price target for the stock. Despite selling Tesla shares during 2023's price cuts, Ark bought over $22 million worth of Tesla stock on a recent dip. Tesla is also present in other Ark ETFs, and Ark has been selling Coinbase shares since July 2023.

Portfolio Pulse from Shanthi Rexaline

April 09, 2024 | 12:19 pm

NDAQ

Nasdaq shares have seen an increase in their trading value following an upgrade by Morgan Stanley from Equal-Weight to Overweight, along with a raise in the price target from $59 to $80.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:19 pm

WDC

Western Digital's stock price increased following Mizuho's decision to maintain a Buy rating and raise its price target from $66 to $80.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:18 pm

ARM

Arm Holdings Plc (NASDAQ:ARM), a British semiconductor design company, has seen its stock price surge over 80% this year, driven by its AI narrative and increased royalty fees. However, Morningstar predicts a 56% drop in ARM's stock price, considering it overvalued at its current levels. Despite this, some experts and firms like Mizuho Securities and EMJ Capital remain optimistic about ARM's future growth, especially in the mobile CPU space and AI market.

Portfolio Pulse from Rounak Jain

April 09, 2024 | 12:16 pm