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RBC Capital predicts that companies failing to embrace generative AI will see their multiples compress by over 50% in the next five years. The firm has identified four categories of AI beneficiaries: market leaders, vertical software leaders, mid-market challengers, and generative AI enablers. Microsoft and Salesforce are among the market leaders, while Amazon, Alphabet, Meta, Snap, and Pinterest are internet companies that can benefit from AI acceleration.

Portfolio Pulse from Adam Eckert

June 13, 2023 | 6:37 pm

LCID

Lucid Group Inc (NASDAQ:LCID) shares are trading higher by 4.15% to $6.53 as stocks rise following a softer-than-expected CPI report, which showed slowing inflation in May. Lower interest rates can stimulate borrowing and make auto loans more affordable, potentially driving up car sales.

Portfolio Pulse from Henry Khederian

June 13, 2023 | 6:36 pm

CLVT

Oppenheimer analyst Owen Lau initiates coverage on Clarivate Plc (NYSE:CLVT) with an Outperform rating and a price target of $11. Lau believes the stock is oversold and has turnaround potential due to a new experienced management team and a resilient business model. The company expects organic growth to accelerate and revenue to reach $3 billion by 2025.

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2023 | 6:34 pm

AMD

AMD shares are trading lower following the company's Data Center and AI Technology Premiere event.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 6:34 pm

ERYP

Erytech Pharma is facing opposition from activist investor Akkadian Partners, which owns 5% of the company's stock, over its proposed merger with Pherecydes Pharma. Erytech warns that derailing the merger could destroy the value of both companies, while Akkadian argues that Erytech has sufficient resources to continue trading and grow without the merger.

Portfolio Pulse from Vandana Singh

June 13, 2023 | 6:34 pm

AMD

AMD CEO Lisa Su announced that the production of MI300x will ramp up in the fourth quarter of this year during AI Day.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 6:31 pm

XYL

Xylem (NYSE:XYL) has outperformed the market over the past 10 years, producing an average annual return of 14.85%. A $1000 investment in XYL stock 10 years ago would be worth $4,051.71 today.

Portfolio Pulse from Benzinga Insights

June 13, 2023 | 6:31 pm

WST

West Pharmaceutical Servs (NYSE:WST) has outperformed the market over the past 15 years, producing an average annual return of 19.87%. An investment of $100 in WST stock 15 years ago would be worth $1,497.69 today.

Portfolio Pulse from Benzinga Insights

June 13, 2023 | 6:31 pm

NDAQ

Oppenheimer analyst Owen Lau reiterated an Outperform rating on Nasdaq, Inc. (NDAQ) with a price target of $65, following the acquisition of Adenza. Lau expects the deal to increase Nasdaq's recurring revenue, margin, and organic growth, and sees the recent sell-off as a buying opportunity for long-term investors.

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2023 | 6:31 pm

MARA

Marathon Digital Holdings reported a 77% increase in Bitcoin mining output in May, extracting 1,245 BTC. The company attributed the growth to an increased hash rate and higher transaction fees. Marathon Digital's operational computing power increased by 9%, reaching 15.2 exahash/second.

Portfolio Pulse from Shiv Singh Juneja

June 13, 2023 | 6:30 pm