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Micron Technology, Inc's CEO Sanjay Mehrotra met with China's Minister of Commerce to discuss expansion and investment in China, amidst a backdrop of China's push to replace U.S. tech with local innovations. This includes new guidelines targeting U.S. microprocessors and software. Micron, facing a lawsuit from Chinese chipmaker Yangtze Memory Technologies, has seen its stock gain over 101% in the last 12 months. Mizuho analyst Vijay Rakesh has reiterated Micron with a Buy, raising the price target to $130.

Portfolio Pulse from Anusuya Lahiri

March 26, 2024 | 8:59 pm

MSFT

SONY

Xbox sales in Europe are declining, with developers and publishers expressing concerns about its future as a hardware manufacturer. GamesIndustry.biz's Chris Dring highlighted the issue, noting a shift in third-party publisher support towards PC and PlayStation 5. Despite this, Microsoft Corp (NASDAQ:MSFT) executives are optimistic, promising significant advancements in their next console. Sony Group Corp. (NYSE:SONY) is mentioned as Xbox's main rival, with some Xbox exclusives also available on PlayStation.

Portfolio Pulse from Franca Quarneti

March 26, 2024 | 8:56 pm

STOK

Stoke Therapeutics Inc (NASDAQ:STOK) shares surged over 58% on Tuesday after announcing promising Phase 1/2a data for STK-001 in Dravet syndrome. The company also announced a proposed public offering of up to $75 million of its common stock, intending to use the proceeds for research and development of its product candidates, including STK-001 and STK-002.

Portfolio Pulse from Adam Eckert

March 26, 2024 | 8:54 pm

MRDB

PRGS

MariaDB shares have seen an increase following an announcement by Progress Software that it is contemplating a potential offer for the company.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:49 pm

DJT

RUM

Rumble Inc. (NASDAQ:RUM) shares surged, possibly due to Trump Media & Technology Group Corp. (NASDAQ:DJT) debuting on Nasdaq. Rumble's CEO congratulated Trump Media on X and discussed Rumble's offer to buy TikTok on Fox Business. Rumble is expected to report Q4 financial results with estimated losses of 22 cents per share and revenue of $28.127 million. Rumble's stock closed up 16.10% at $57.99.

Portfolio Pulse from Erica Kollmann

March 26, 2024 | 8:47 pm

PRGS

Progress Software (NASDAQ:PRGS) reported Q1 2024 earnings of $1.25 per share, surpassing the consensus estimate of $1.14. Sales reached $184.685M, exceeding estimates of $181.909M and marking an 11.52% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:46 pm

CEG

Investors have shown a bearish stance on Constellation Energy (NASDAQ:CEG), with significant options trading activity indicating a mixed sentiment. Benzinga's options scanner revealed 53 unusual trades, with a split sentiment of 43% bullish and 56% bearish. The trades focus on a price range between $170.0 and $250.0. Significant options trades include both calls and puts with varying sentiments and expiration dates. The current market status of CEG shows a slight decrease in price, with analysts giving mixed but generally positive ratings.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 8:45 pm

AMAT

Recent unusual options activity in Applied Materials (NASDAQ:AMAT) shows a bullish stance by significant investors, with a mix of bullish and bearish trades. The activity suggests a price target range of $160 to $310. Notable trades include both puts and calls with varying sentiments and strike prices. Applied Materials, a leading semiconductor equipment manufacturer, has seen its stock price slightly decrease. Analysts have mixed ratings on AMAT, with target prices ranging from $220 to $240. The next earnings report is expected in 51 days.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 8:45 pm

BIOR

Biora Therapeutics (NASDAQ:BIOR) reported Q4 earnings with an EPS of $-0.63, missing estimates by -7%, and a revenue decrease of $14 thousand from the previous year. This follows a pattern from the last quarter where despite beating EPS estimates, the share price dropped by 2% the next day.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 8:45 pm

FRGE

Forge Global Holdings shares are trading lower following the announcement of Q4 financial results that did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:41 pm