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Goldman Sachs Research predicts AI investment to peak at $200 billion globally and $100 billion in the U.S. by 2025. The majority of AI investments will come from hardware investment and increased spending on AI-enabled software. The firm also believes the world is in a new technology cycle that will lead to further outperformance in the sector. The Technology Select Sector SPDR Fund (XLK) posted a 37% YTD increase, while the SPDR S&P 500 ETF Trust (SPY) saw a 16% surge. Notable players in the AI chips market include Qualcomm (QCOM), Nvidia (NVDA), Intel (INTC), Advanced Micro Devices (AMD), and C3.ai (AI).

Portfolio Pulse from Khyathi Dalal

September 19, 2023 | 11:07 pm

BRDS

Bird Global, Inc. (NYSE:BRDS) has acquired micromobility operator Skinny Labs for $19 million, making Bird the largest micromobility operator in North America by market share. The acquisition is expected to have an immediate impact in the third quarter and contribute to Bird's long-term sustainable profitability.

Portfolio Pulse from Ryan Gustafson

September 19, 2023 | 9:54 pm

TTOO

T2 Biosystems, Inc. (NASDAQ:TTOO) shares fell by over 26% on Tuesday following a surge on Monday after the FDA cleared the company's biothreat panel for commercial distribution. The company can now start marketing and selling the T2Biothreat Panel, a direct-from-blood molecular diagnostic test, in the U.S. market.

Portfolio Pulse from Ryan Gustafson

September 19, 2023 | 9:52 pm

CNXA

GNS

KAVL

SRM

In Tuesday's after-market session, several consumer discretionary stocks saw significant movement. SRM Entertainment, Kaival Brands Innovations, 1-800-Flowers.com, Super Group, and Uxin saw gains, while Connexa Sports Techs, Genius Gr, Allied Gaming, Barnes & Noble Education, Chijet Motor Co, and Vroom experienced losses.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 9:31 pm

AVGR

CFRX

FRTX

HLVX

HSTO

NVOS

Several healthcare stocks experienced significant movement in Tuesday's after-market session. Fresh Tracks Therapeutics, Histogen, Avinger, Longeveron Inc. - Subscription Right, Bluejay Diagnostics, and Exagen saw increases, while Novo Integrated Sciences, ContraFect, HilleVax, IN8bio, Cardio Diagnostics Hldgs, and OKYO Pharma experienced declines.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 9:31 pm

BTM

GLG

LICN

UAVS

During Tuesday's after-market session, several industrials stocks experienced significant movement. Gainers included AgEagle Aerial Sys (UAVS), Bitcoin Depot (BTM), Nxu (NXU), FiscalNote Holdings (NOTE), Redwire (RDW), and American Rebel Holdings (AREB). Losers included TD Hldgs (GLG), Lichen China (LICN), ShiftPixy (PIXY), Aqua Metals (AQMS), Simpple (SPPL), and Pineapple Energy (PEGY).

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 9:31 pm

CETX

MIMO

NNDM

OTMO

PRSO

RCAT

RSKD

SASI

SATX

SVRE

UPLD

Several information technology stocks experienced significant movement in Tuesday's after-market session. Notable gainers included Saverone 2014, Peraso, Nano Dimension, Aurora Mobile, Cemtrex, and Otonomo Technologies. On the other hand, Sigma Additive Solutions, SatixFy Communications, Airspan Networks Hldgs, Upland Software, Red Cat Hldgs, and Riskified saw declines.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 9:31 pm

META

Meta Platforms (NASDAQ:META) has outperformed the market over the past 10 years, producing an average annual return of 20.2%. If an investor had bought $100 of META stock 10 years ago, it would be worth $646.47 today.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 9:30 pm

ACNNF

CBDY

HERTF

MGWFF

Several marijuana stocks experienced significant price movements on September 19, 2023. Notable gainers include Maple Leaf Green World, Heritage Cannabis Holding, Charlottes Web Holdings, MJ Holdings, Leafbuyer Techs, GreenGro Technologies, Cara Therapeutics, and 1933 Industries. On the other hand, stocks such as Target Group, AusCann Group Holdings, Item 9 Labs, Kaya Holdings, Curaleaf Holdings, Indiva, Greenlane Hldgs, Trulieve Cannabis, CNBX Pharmaceuticals, Cresco Labs, Canopy Gwth, Body and Mind, CLS Holdings USA, 4Front Ventures, Trees, MedMen Enterprises, Khiron Life Sciences, Zoned Props, CV Sciences, Pharmadrug, C21 Investments, Neptune Wellness Solns, GrowGeneration, Green Thumb Industries, 22nd Century Group, Tilray Brands, MariMed, and Village Farms Intl closed down.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 9:30 pm

SPY

The S&P 500 index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), has shown resilience with daily fluctuations never exceeding a 1.5% drop for more than 100 trading sessions. However, as the calendar moves to the last days of September, the index is entering what Bank of America calls 'the worst 10 days of the year' for the S&P 500 in terms of seasonality. Technical analysts at Bank of America predict the corrective trend of the index to extend further.

Portfolio Pulse from Piero Cingari

September 19, 2023 | 9:18 pm