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Bitcoin and Ethereum experienced a slight correction, while Dogecoin's surge contributed to pushing the crypto market cap above $2.6 trillion. Over $9.4 billion in Bitcoin options are set to expire soon, with a potential max pain price of $50,000. Spot Bitcoin ETFs saw significant inflows after a period of outflows. The S&P 500 and other major indexes saw gains, indicating a broad market rally. Analysts predict Bitcoin could reach $75,000 to $80,000 before the next halving, with key resistance levels identified.

Portfolio Pulse from Mehab Qureshi

March 28, 2024 | 4:23 am

GME

GS

MSTR

The meme stock phenomenon has resurged, with Reddit and Truth Media experiencing significant share price increases following their IPO and SPAC debut, respectively. Experts suggest three criteria for identifying potential meme stocks: social media influence, emotion-driven investing, and stratospheric valuations. Other stocks like GameStop, Bitcoin, and MicroStrategy have also seen surges. The financial market's strong performance, including a predicted S&P 500 rise, contrasts with the speculative nature of meme stocks.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 4:14 am

NKLA

Nikola Corp, in collaboration with Blackjacks Roadhouse and others, unveiled Alberta's first commercial hydrogen fueling station, marking a significant step in developing hydrogen fuel infrastructure. The HYLA station is located in a high-traffic area and is part of Nikola's broader strategy to scale hydrogen-powered vehicles. Despite delivering 35 hydrogen FCEVs in Q4 and producing 138 trucks last year, Nikola reported a gross loss of $214.1 million for the period. The company's shares rose 11.7% following the announcement.

Portfolio Pulse from Anan Ashraf

March 28, 2024 | 4:03 am

IKT

Inhibikase Therapeutics (NASDAQ:IKT) reported a Q4 EPS of $(0.64), surpassing the $(0.85) estimate, marking a 37.25% improvement year-over-year. However, sales plummeted to $1.00K from $63.57K YoY, a 98.43% decrease.

Portfolio Pulse from Happy Mohamed

March 28, 2024 | 3:45 am

MU

NVDA

SSNLF

Goldman Sachs predicts significant growth in the high-bandwidth memory (HBM) chip market, driven by demand for Nvidia's new Blackwell GPU chips. The market is expected to grow tenfold to $23 billion by 2026. SK Hynix, Samsung Electronics, and Micron Technology are identified as primary beneficiaries. This growth comes amid heightened interest in AI, with Nvidia's stock rising due to the AI boom sparked by OpenAI's ChatGPT.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 1:58 am

AMZN

Amazon.com Inc. (NASDAQ:AMZN) has made a substantial investment in AI startup Anthropic, totaling $4 billion, marking its largest external investment in 30 years. This investment aims to strengthen Amazon's position in the AI race, leveraging Anthropic's advancements in generative AI and Amazon's infrastructure like AWS Tranium and Amazon Bedrock. Despite this significant investment, Amazon will maintain a minority stake in Anthropic without board representation. The investment comes amid Anthropic's recent controversies and financial transactions, including the sale of a significant stake by bankrupt FTX.

Portfolio Pulse from Ananya Gairola

March 28, 2024 | 1:56 am

NVDA

SMCI

Jim Cramer, host of CNBC's 'Mad Money', advised investors to view market pullbacks as buying opportunities, specifically highlighting NVIDIA Corp (NASDAQ:NVDA) as a stock to consider purchasing during such downturns. Citing a CNBC survey predicting a market correction, Cramer encouraged raising cash to buy quality stocks at lower prices. He also mentioned Super Micro Computer (NASDAQ:SMCI) as significant in the tech infrastructure sector, amidst a backdrop of market fluctuations and predictions of a bull rally by Bank of America and potential turbulence ahead of the 2024 presidential election.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 1:21 am

COIN

Edward Snowden predicts the SEC will face a significant defeat in its lawsuit against Coinbase Global Inc. (NASDAQ:COIN), referencing a past incident where the SEC had to approve Bitcoin ETFs after a legal loss. The SEC's lawsuit accuses Coinbase of operating as an unregistered securities dealer, a motion recently upheld by the court. Snowden, a Bitcoin supporter, remains optimistic about Bitcoin's future despite current legal challenges and recent price movements.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 1:06 am

DOYU

Trading for DOYU was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:50 pm

BCAN

Cannasoft Enterprises (NASDAQ:BCAN) has announced the suspension of their medical cannabis facility construction to pivot towards the Femtech sector, citing negative shifts in the global medical cannabis market and security concerns due to its proximity to the Gaza border. The company, known for its CRM software for the cannabis industry, plans to expand into the rapidly growing Femtech sector, leveraging its experience in software and manufacturing, including the development of the EZ-G Device, a CBD Oil sex toy.

Portfolio Pulse from Rolando García

March 27, 2024 | 10:27 pm