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AIFD

SHOC

Micron Technology (NASDAQ: MU) plans to build a new DRAM factory in Hiroshima by 2026, with operations starting by 2027. The company will invest 800 billion yen in the facility. Micron has increased its 2024 capital expenditure to $8 billion and expects significant growth in its HBM business by 2025. Analysts are optimistic about Micron's future due to strong DRAM pricing and increased AI exposure. Micron's stock has gained 81% in the last 12 months. Investors can also gain exposure through ETFs like AIFD and SHOC.

Portfolio Pulse from Anusuya Lahiri

May 28, 2024 | 3:32 pm

BABA

Whales are taking a bearish stance on Alibaba Group Holdings (NYSE:BABA) with significant options activity. 52% of the trades are bearish, focusing on a price range between $55.0 and $145.0. The stock is currently trading at $80.37, down by 1.1%. Analysts have mixed ratings with an average price target of $106.0.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 3:31 pm

CEG

Financial giants have shown a bullish sentiment towards Constellation Energy (NASDAQ: CEG) through significant options trading. Analysis reveals 58% of traders are bullish, with a price range target of $80.0 to $260.0. The stock is currently trading at $232.29, with analysts providing mixed ratings and an average target price of $231.0.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 3:31 pm

NVAX

Financial giants have made significant bullish moves on Novavax (NASDAQ:NVAX) through options trading. Analysis shows 58% of traders are bullish, with a price range target of $5.0 to $20.0. Recent trading volume is high, but the stock is down by 10.16%, currently at $13.93. Expert opinions vary, with target prices ranging from $10 to $29.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 3:31 pm

PWOD

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) has announced a new stock repurchase program authorizing the buyback of up to 5% of its outstanding shares, replacing the existing plan expiring in May 2024.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 3:28 pm

GOOG

GOOGL

HUBS

HubSpot shares surged after CNBC's David Faber confirmed rumors of an acquisition by Alphabet in an all-stock deal. This would be Alphabet's largest acquisition to date. HubSpot's shares rose by 7.96% on heavy trading volume.

Portfolio Pulse from Erica Kollmann

May 28, 2024 | 3:23 pm

PBR

Petrobras' stock rose following the appointment of Magda Chambriard as the new CEO. Chambriard emphasized the importance of exploring Brazil's Equatorial Margin for oil reserves, despite environmental challenges. Petrobras' recent Q1 FY24 sales and earnings missed expectations.

Portfolio Pulse from Lekha Gupta

May 28, 2024 | 3:23 pm

MAPS

WM Technology, Inc. (NASDAQ:MAPS), also known as Weedmaps, reported its Q1 2024 financial results, showing a slight drop in revenue but improvements in net income and adjusted EBITDA. The company also reported a higher cash balance and an increase in average monthly revenue per paying client.

Portfolio Pulse from Jelena Martinovic

May 28, 2024 | 3:08 pm

CELH

Celsius Holdings Inc (NASDAQ:CELH) shares are trading lower due to negative Nielsen data indicating a slowdown in sales growth and a decline in market share. Morgan Stanley's note highlights these concerns but maintains a positive long-term outlook.

Portfolio Pulse from Adam Eckert

May 28, 2024 | 3:08 pm

AMD

INTC

NVDA

ORCL

SMCI

TSM

Nvidia shares surged after reports that Elon Musk's xAI plans to build a supercomputer using Nvidia chips. The supercomputer, expected to be operational by fall 2025, will be at least four times the size of the largest existing GPU clusters. Other chip stocks, including AMD, Micron, Intel, TSM, and Super Micro Computer, also saw movement. Nvidia's recent earnings beat estimates, and the company announced a 10-for-1 stock split and a 150% dividend increase.

Portfolio Pulse from Adam Eckert

May 28, 2024 | 3:07 pm