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Cryptocurrency prices traded lower on Wednesday, with Ethereum falling below the key $1,800 mark. Theta Network was the top gainer over the prior 24 hours, while Gala was the biggest loser. The global crypto market cap fell to $1.27 trillion, recording a 24-hour decline of 0.7%. Bitcoin was trading lower by 0.3% at $34,401 while Ethereum fell by around 0.7% to $1,797.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 1:32 pm

AMD

BABA

INTC

MSFT

NHNCF

NVDA

TSM

Nvidia Corp is facing challenges due to U.S. semiconductor sanctions on China and increasing competition from Intel Corp and Advanced Micro Devices, Inc. The company has lost orders over $5 billion in 2024 from China's leading AI and cloud-computing companies, including Alibaba Group. South Korean internet conglomerate Naver Corp has replaced Nvidia with Intel as the leading chip supplier of its AI server. Nvidia's GPU price hikes and a global shortage of its GPUs have also affected the company. Intel and Naver are collaborating to compete against Nvidia, which holds an estimated 80% market share in the global AI processor market. Microsoft Corp has reportedly tapped AMD to help expand into AI processors.

Portfolio Pulse from Anusuya Lahiri

November 01, 2023 | 1:31 pm

WeWork Inc (NYSE:WE) shares are plummeting following reports that the company is nearing bankruptcy. The company plans to file for Chapter 11 bankruptcy as soon as next week. This news follows WeWork's recent creditor agreement to temporarily postpone some of its debt payments. The company's shares have fallen more than 96% since the start of the year.

Portfolio Pulse from Adam Eckert

November 01, 2023 | 1:31 pm

Mastercard's stock price dropped by 5% following its Q3 earnings report, despite surpassing analyst expectations with earnings of $3.39 per share against an estimated $3.21. The stock has since recovered by 4% after finding support at $359. Over the past decade, Mastercard's stock has grown by 428%, and despite recent fluctuations, the overall trend remains bullish.

Portfolio Pulse from Zaheer Anwari

November 01, 2023 | 1:30 pm

NFLX

Netflix's ad-supported subscription tier has reached 15 million monthly active users, up from 5 million in May. The company has not disclosed how many of its 247 million global subscribers are on this tier. The introduction of advertising in 2022 was a significant shift for Netflix, which had previously insisted it would not run ads. The move was made after consecutive quarterly declines and a one-third reduction in market value. The company also began charging customers to share passwords, leading many to switch to the ad-supported plan. This strategy has resulted in increased subscriber growth, free cash flow, and profits.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:29 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) stock is trading lower due to concerns about China's economic recovery and fresh U.S. semiconductor technology sanctions. However, Alibaba co-founder Joe Tsai highlighted the significant role of Alibaba Cloud in the operations of Chinese tech firms and the country's AI development. Alibaba Cloud unveiled Tongyi Qianwen 2.0, the latest version of its AI large language model.

Portfolio Pulse from Anusuya Lahiri

November 01, 2023 | 1:29 pm

JCSE

JE Cleantech Holdings Limited (NASDAQ:JCSE), a Singapore-based cleantech company, has regained compliance with the Nasdaq minimum bid price requirement. The company initiated a 1-for-3 Share Consolidation, reducing the total number of authorized Ordinary Shares from 15,020,000 to 5,006,666 and increasing the par value per share. Following this, the daily closing bid price of the company's shares remained above $1.00 for ten consecutive business days, bringing the company back into compliance with Nasdaq listing standards.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:26 pm

EXTR

Extreme Networks reported Q1 financial results and issued Q2 adjusted EPS and total net revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:24 pm

AAPL

ADP

AMD

FAT

GME

NVDA

PAYC

PYPL

QQQ

TSLA

The article lists the top 10 trending stocks on WallStreetBets as of November 1, 2023. The stocks mentioned are NVDA, AMD, TSLA, PYPL, AAPL, PAYC, ADP, GME, QQQ, and FAT.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:22 pm

TTOO

T2 Biosystems has regained compliance with Nasdaq's listing requirements, potentially avoiding delisting.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:17 pm