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NVDA

HSBC analyst Frank Lee has maintained a Buy rating on NVIDIA (NASDAQ:NVDA) and increased the price target from $880 to $1050, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:14 am

OCFT

OneConnect Financial Tech (OCFT) reported Q4 earnings with losses of $(0.31) per share, surpassing the $(1.62) estimate, marking an 80.8% beat and a 53.58% improvement from last year. However, their sales of $128.31M fell short of the $142.69M estimate, a 10.08% miss and a 26.53% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:04 am

NIU

Niu Technologies (NASDAQ:NIU) reported a Q4 fiscal 2023 revenue decline of 21.8% to $67.42 million, with a net loss per ADS of $(0.23). Despite a slight decrease in e-scooter sales, international sales grew by 33.7%. The company anticipates a revenue increase of 5% to 15% in Q1 and aims for a 41% to 69% increase in sales volume for fiscal 2024. CEO Dr. Yan Li remains optimistic about regaining market favor in 2024, highlighting the success of new models like MQiL, RQi, and XQi3.

Portfolio Pulse from Anusuya Lahiri

March 18, 2024 | 9:59 am

FOUR

LOGI

RILY

In Monday's pre-market session, Logitech International S.A. (LOGI) shares fell by 4.8% following the announcement of CFO Chuck Boynton's departure and a reaffirmation of its 2024 financial outlook. Other notable stocks experiencing declines include B. Riley Financial, Inc. (RILY), which dipped 11% due to its failure to file audited results, and Shift4 Payments, Inc. (FOUR), which dropped 9.1% after reports that bids from potential contenders undervalued the firm. Additional stocks mentioned with pre-market losses are Nanobiotix S.A. (NBTX), AlTi Global, Inc. (ALTI), Li Auto Inc. (LI), Geron Corporation (GERN), and Sibanye Stillwater Limited (SBSW).

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 9:57 am

NVDA

Nvidia Corp. is set to reveal its next-gen AI chip, the B100, at the GPU Technology Conference (GTC 2024), with expectations of significantly surpassing the performance of its predecessor, the Hopper H200 AI chip. The B100, featuring advanced TSMC CoWoS-L packaging technology and 192GB of memory, is anticipated to more than double the AI performance of Hopper GPUs. Demand for the B100 is expected to outstrip supply, indicating a major upcoming product cycle for Nvidia. The company's stock has seen a significant increase, gaining about 73% year to date.

Portfolio Pulse from Shanthi Rexaline

March 18, 2024 | 9:30 am

BOME

SOL

Solana's SOL and The Book of Meme (BOME) have seen increased attention on social media, despite recent price drops. BOME surged 82% after its launch and was added to Binance's platform. However, both tokens experienced price corrections, with BOME dropping nearly 50% in 24 hours. Social media mentions and trading activity for Solana-based meme coins have spiked, but selling pressure remains high.

Portfolio Pulse from Mehab Qureshi

March 18, 2024 | 9:25 am

XPEV

Chinese electric vehicle (EV) manufacturer Xpeng has announced its strategy to target the mass market by launching more affordable models. This move is aimed at capturing a larger share of the growing EV market by making their vehicles accessible to a broader audience. The announcement was made on Sunday, signaling a significant shift in Xpeng's market approach from focusing exclusively on premium models to embracing a wider range of consumers.

Portfolio Pulse from Charles Gross

March 18, 2024 | 9:08 am

UXIN

Uxin has signed a term sheet with Xin Gao Group and an investment fund for financing approximately $34.8 million at a rate of $0.004858 per share, equivalent to $1.4574 per American Depositary Share (ADS). This term sheet is a commitment to negotiate in good faith towards definitive agreements for the financing.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 9:06 am

RIVN

TSLA

Rivian Automotive Inc. vehicles are now compatible with Tesla Inc.'s Supercharger network, as confirmed by a Tesla investor and a Rivian customer. This development follows Rivian's decision to align with Tesla's North America charging protocol and Tesla's announcement to open its Supercharger network to rival EV makers. Tesla's stock saw a slight increase, while Rivian's stock experienced a more significant rise.

Portfolio Pulse from Benzinga Neuro

March 18, 2024 | 9:06 am

PEP

Morgan Stanley analyst Dara Mohsenian upgraded PepsiCo (NASDAQ:PEP) from Equal-Weight to Overweight and set a new price target of $190. This upgrade reflects a positive outlook on PepsiCo's stock.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 9:05 am