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Nvidia Corp (NASDAQ:NVDA) may face challenges in the Chinese market due to Huawei's new AI chip, the Ascend 910C. This chip aims to fill the void left by U.S. export controls that prevent Nvidia from selling its advanced chips in China. Major Chinese companies like ByteDance and Baidu Inc (NASDAQ:BIDU) have shown interest in Huawei's chip, potentially threatening Nvidia's market share. Despite this, Nvidia's stock has risen over 149% in the last 12 months. Investors can gain exposure to Nvidia through SPDR Select Sector Fund – Technology (NYSE:XLK) and Vanguard Information Tech ETF (NYSE:VGT).

Portfolio Pulse from Anusuya Lahiri

August 13, 2024 | 3:11 pm

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The article discusses the misleading nature of inflation headlines and highlights Home Depot's earnings as an indicator of consumer weakness. It also mentions the performance of major tech stocks and ETFs, and provides investment advice on protection bands and bond allocations.

Portfolio Pulse from The Arora Report

August 13, 2024 | 3:09 pm

ILMN

Illumina shares are trading lower following the company's outlook presented at its investor presentation.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:08 pm

BTCUSD

DOGEUSD

Dogecoin (DOGE) traders remain optimistic despite a broader market downturn, predicting a breakout target of $0.20. The cryptocurrency has shown relative strength, supported by a strong community and technical chart patterns. However, large transaction volumes and daily active addresses have declined. The influence of Bitcoin's movements on DOGE is also noted.

Portfolio Pulse from Khyathi Dalal

August 13, 2024 | 3:07 pm

BAX

Baxter International Inc (NYSE:BAX) has agreed to sell its Kidney Care segment, Vantive, to The Carlyle Group Inc (NASDAQ:CG) for $3.8 billion. Baxter will receive approximately $3.5 billion in cash, with net after-tax proceeds estimated at $3 billion. The transaction is expected to close in late 2024 or early 2025. Following the sale, Baxter aims for operational sales growth of 4% to 5% annually and an adjusted operating margin of 16.5% for 2025. The company plans to use the proceeds to repay debt and focus on higher-growth opportunities. BAX stock is down 6.9% at $34.37.

Portfolio Pulse from Vandana Singh

August 13, 2024 | 3:07 pm

RUM

Rumble Inc (NASDAQ:RUM) shares are volatile after reporting better-than-expected Q2 results. Revenue was $22.469 million, beating estimates of $19.69 million, and the loss per share was 13 cents, better than the expected 15 cents. Despite a year-over-year revenue decline, the company saw a 27% sequential increase and a rise in average monthly active users to 53 million. Rumble also set new records for concurrent livestream viewers during the first presidential debate. The company ended the quarter with $154.2 million in cash and marketable securities. Wedbush reiterated a Neutral rating with an $8 price target.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 3:06 pm

Boeing has delivered 218 airplanes year-to-date through July, including 166 MAX models. In July, Boeing reported 43 commercial jet deliveries, matching last year's numbers, with 31 being 737 MAX. The company received 228 gross aircraft orders through July, with 72 in July alone, including 57 for the 737 MAX. After cancellations and conversions, net orders stand at 186. Boeing also delivered six 787 jets in July, with one 737 MAX cancellation from Aerolineas Argentinas.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:04 pm

MKRUSD

Maker (CRYPTO: MKR) has seen a 5.28% price increase in the past 24 hours, continuing a positive trend with a 10% gain over the past week. Despite a 39% decrease in trading volume, the circulating supply has slightly increased. MKR's market cap is currently $1.95 billion, ranking it #42.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:03 pm

PEPEUSD

Pepe (CRYPTO: PEPE) has experienced a 3.53% price drop in the past 24 hours, contrasting with its 4.0% gain over the past week. Trading volume has decreased by 55.0%, while the circulating supply has increased slightly. Pepe's market cap is currently ranked #27 at $3.40 billion.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:02 pm

PYCR

Six analysts have recently published ratings on Paycor HCM (NASDAQ:PYCR), showing a range of perspectives from bullish to indifferent. The average 12-month price target has decreased by 21.12% to $16.17. Analysts have lowered their price targets and ratings, reflecting a cautious outlook on the stock.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:01 pm