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AVGO

HPE

IWF

MSFT

NVDA

ORCL

TSM

VGT

Nvidia CEO Jensen Huang predicts a $1 trillion investment in data centers for AI over the next 4-5 years. Key players like TSM, AVGO, ORCL, MSFT, and HPE are also seeing significant impacts from AI developments. Nvidia's stock has surged 204% in the last year, with ETFs like IWF and VGT offering exposure.

Portfolio Pulse from Anusuya Lahiri

June 21, 2024 | 9:58 am

ABL

BTDR

GME

IREN

MOLN

NNE

SWBI

VFS

WULF

Several major stocks, including Smith & Wesson Brands, Abacus Life, and others, are experiencing declines in Friday's pre-market session. Despite Smith & Wesson beating earnings and sales estimates, its shares fell 4%. Other notable declines include Molecular Partners, NANO Nuclear Energy, VinFast Auto, Bitdeer Technologies, Abacus Life, TeraWulf, Iris Energy, and GameStop.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 9:42 am

TSLA

Tesla Inc (NASDAQ:TSLA) has set up a new 24/7 supercharger with 16 stalls at Boca Chica Boulevard in Brownsville, Texas, near SpaceX's Starbase facility. This move aims to boost tourism at Starbase, where Elon Musk is ramping up efforts to attract visitors. The economic impact of tourism at Starbase is estimated to be over $99 million in 2025.

Portfolio Pulse from Anan Ashraf

June 21, 2024 | 9:37 am

AMZN

FTXR

GOOGL

RPV

General Motors' Cruise unit has been fined $112,500 by California regulators for delayed reporting of a self-driving car accident. The incident has led to increased scrutiny of autonomous vehicle safety and regulatory requirements for reporting collisions. Despite the suspension of its permit in California, Cruise has resumed operations with human-driven vehicles in Phoenix, Arizona. GM's stock has gained 29% in the past year.

Portfolio Pulse from Shivani Kumaresan

June 21, 2024 | 9:31 am

FBTC

GBTC

IBIT

Bitcoin spot ETFs experienced net outflows for the fifth consecutive day, with a record $140 million in outflows on Thursday. BlackRock's iShares Bitcoin Trust (IBIT) was the only fund to see inflows, while Grayscale Bitcoin Trust (GBTC) and Fidelity's Bitcoin ETF (FBTC) saw significant outflows. The total outflows over the last five days reached $854 million.

Portfolio Pulse from Aniket Verma

June 21, 2024 | 9:22 am

DJT

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) fell nearly 15% on Thursday, significantly impacting Donald Trump's net worth, which dropped by $523 million. The decline follows the SEC's approval of a shelf registration statement, allowing the company to offer additional shares and warrants. Trading volume was notably high, and the stock has been on a downtrend since June, exacerbated by Trump's legal issues.

Portfolio Pulse from Shanthi Rexaline

June 21, 2024 | 9:20 am

RERE

ATRenew Inc. (NYSE:RERE) has announced an increase in its share repurchase program from $20 million to $50 million and extended the term to June 27, 2025.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 9:02 am

MCD

QSR

SBUX

WEN

McDonald's (NYSE:MCD) is launching a $5 value meal to attract customers amid rising prices. Competitors like Burger King (NYSE:QSR), Wendy's (NASDAQ:WEN), and Starbucks (NASDAQ:SBUX) have responded with their own promotions. McDonald's aims to leverage its size and marketing to win the 'value war.'

Portfolio Pulse from Benzinga Neuro

June 21, 2024 | 9:00 am

AMZN

Amazon's original book business has generated $16.9 billion in sales in the first 10 months of 2022, with $9.5 billion from the U.S. alone. Despite the rise of e-books, print books continue to outperform on the platform. Amazon's stock has seen a 24.12% increase year-to-date.

Portfolio Pulse from Benzinga Neuro

June 21, 2024 | 8:39 am

EWU

The U.K. Services Purchasing Managers Index (PMI) for the preliminary reading came in at 51.2, which is below the estimated 53.0 and the prior reading of 52.9. This indicates a slower growth in the U.K. services sector than expected.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 8:33 am