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Google's AI-enhanced search functionality is causing concern among publishers like the Atlantic, which relies on Google for 40% of its web traffic. A study suggests that AI-powered Google search could directly satisfy user inquiries 75% of the time, potentially reducing external site visits. Publishers fear a 20-40% loss in traffic from Google, which accounts for a significant portion of media traffic. The issue is compounded by Google's use of publishers' content to train its AI, raising legal and ethical questions. Publishers are in dialogue with Google, seeking protections and a balance between AI benefits and risks. Google's stock (GOOG) traded down by 0.99% recently.

Portfolio Pulse from Anusuya Lahiri

December 14, 2023 | 5:12 pm

TPIC

TPI Composites' stock price has increased following the announcement of a refinancing transaction with Oaktree. This move could improve the company's financial flexibility and potentially reduce interest expenses.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 5:10 pm

AEHR

Aehr Test Systems' stock is trading higher following the announcement of an initial order for its FOX-NP wafer level test and burn-in system and a FOX WaferPak Aligner for use with gallium nitride power devices.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 5:10 pm

INTC

Intel Corporation's stock price is on the rise following the announcement of a new portfolio of artificial intelligence (AI) products. The launch of these products is expected to enhance Intel's offerings in the AI space, potentially increasing its competitiveness and market share.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 5:09 pm

FL

Foot Locker Inc (NYSE:FL) shares continue to rise following strong quarterly earnings. Piper Sandler analyst Abbie Zvejnieks upgraded Foot Locker's rating from Neutral to Overweight and increased the price target from $24 to $33. Zvejnieks believes Foot Locker is well-positioned for the next 6-12 months and could see operating margins expand by over 180 basis points in 2024. The company is expected to benefit from a recovering lower-income consumer base, healthier inventory levels by year-end, and a shift in product assortment towards trending brands like New Balance, Adidas, and Nike, leading to more full-price sales.

Portfolio Pulse from Priya Nigam

December 14, 2023 | 5:09 pm

AMAT

Applied Materials' stock (AMAT) is trading higher following an increase in price target from $165 to $185 by TD Cowen.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 5:07 pm

TXG

10x Genomics' stock (TXG) is experiencing an uptick after Guggenheim initiated coverage with a Buy rating and set a price target of $60.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 5:06 pm

IBP

Installed Building Products (IBP) shares are up following upgrades by JP Morgan and Goldman Sachs. JP Morgan upgraded IBP from Neutral to Overweight and increased the price target from $165 to $199. Goldman Sachs also raised their price target from $178 to $196.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 5:03 pm

EXEL

JMP Securities analyst Silvan Tuerkcan has reiterated a 'Market Outperform' rating on Exelixis (NASDAQ:EXEL), maintaining a price target of $27. This reaffirmation of the stock's potential could influence investor sentiment and market expectations for EXEL.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 5:02 pm

RVLV

Stifel has reaffirmed its Buy rating on Revolve Group (NYSE:RVLV) and increased its price target from $16.00 to $18.00. Revolve's shares have risen 4.6% in the last 24 hours to $17.29. The new price target suggests a potential upside of 4.11%. Revolve is an e-commerce retailer with a focus on women's fashion and has shown consistent top-line growth, capitalizing on the shift towards digital channels in the retail industry.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 5:01 pm