Streetbeat News

Stock Prices

NVDA

Nvidia's correlation to the S&P 500 index has significantly dropped from 0.95 to 0.3, indicating a divergence from the broader market. This observation was made by Liz Ann Sonders, chief investment strategist at Charles Schwab, during a CNBC segment. Nvidia's CEO, Jensen Huang, emphasized the company's role in AI infrastructure at Computex 2024, and Goldman Sachs reiterated a Buy rating with a $1,200 price target.

Portfolio Pulse from Benzinga Neuro

June 04, 2024 | 9:50 am

CORZ

HQY

MLGO

HealthEquity Inc (NASDAQ:HQY) shares rose sharply in pre-market trading after reporting better-than-expected first-quarter financial results and issuing strong FY25 earnings and revenue guidance. Other notable pre-market movers include MicroAlgo Inc (NASDAQ:MLGO), Core Scientific Inc (NASDAQ:CORZ), and Lufax Holding Ltd (NYSE:LU).

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 9:50 am

FXI

TSLA

The China Passenger Car Association reported that Tesla's sales of China-made electric vehicles fell by 6.6% year-over-year to 72,573 units in May.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:19 am

BNB

ETH

A whale investor made a 10x profit by selling Pepe Coin (PEPE) after holding for nearly six months. The investor transferred 365.96 billion PEPE tokens worth $5.3 million to Binance, having initially withdrawn them when they were worth $494,000. Despite recent corrective action, long-term holders are accumulating PEPE, indicating bullish near-term prospects.

Portfolio Pulse from Aniket Verma

June 04, 2024 | 9:10 am

MSFT

NVDA

Reports across social media indicate that ChatGPT is down for many users. This outage could impact companies like Microsoft (MSFT) and NVIDIA (NVDA) that are associated with AI technologies.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:09 am

GME

Short-seller Andrew Left has raised doubts about Keith Gill's (Roaring Kitty) recent $150 million investment in GameStop (NYSE:GME), suggesting it may not be his own money and lacks a solid investment thesis. Left believes this move is an attempt to take advantage of retail traders and warns that the current market conditions are different from the meme stock rally of 2021.

Portfolio Pulse from Shanthi Rexaline

June 04, 2024 | 9:08 am

BBWI

DCI

GME

HPE

NVDA

Investor sentiment showed some improvement but remained neutral as the Dow fell over 100 points due to weak U.S. manufacturing data. NVIDIA and GameStop saw significant gains, while most sectors on the S&P 500 closed negatively. Investors are awaiting earnings results from Donaldson Company, Bath & Body Works, and Hewlett Packard Enterprise.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 7:23 am

BARK

BBWI

DCI

HPE

HQY

U.S. stock futures are trading lower this morning. Key stocks to watch include Donaldson Company, HealthEquity, Bath & Body Works, BARK, and Hewlett Packard Enterprise. Donaldson is expected to report earnings, HealthEquity reported strong results, Bath & Body Works and Hewlett Packard Enterprise are set to release earnings, and BARK reported disappointing results.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 7:23 am

AMD

INTC

MSFT

NVDA

Intel announced new Lunar Lake chips with enhanced AI processors aimed at Copilot+ AI PCs and data center chips to compete with AMD. The Lunar Lake series will offer significant improvements in power efficiency and processing power, and is expected to power thin and light laptops by the 2024 holiday season. Intel also introduced new server and AI chips to challenge AMD and Nvidia, with competitive pricing strategies.

Portfolio Pulse from Rounak Jain

June 04, 2024 | 6:29 am

INTC

Intel has launched new AI-focused products at Computex 2024, including the Xeon 6 processors, Gaudi AI accelerators, and Lunar Lake architecture. These innovations promise significant performance and efficiency improvements for data centers and AI applications.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:20 am