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DOGEUSD

ETHUSD

SHIBUSD

SOLUSD

A Coinmetrics report reveals that meme coins like Dogecoin and Shiba Inu have driven $13 billion in trading volumes over a seven-day period in March, surpassing major assets like Ethereum and Solana. The report highlights the cultural appeal and community-driven origins of these tokens but also warns of risks such as market manipulation and liquidity challenges due to the concentration of ownership among 'whales'.

Portfolio Pulse from Murtuza Merchant

June 11, 2024 | 8:10 pm

QGEN

QIAGEN has launched 35 new digital PCR microbial DNA detection assays for its QIAcuity platform. These assays target pathogens responsible for tropical diseases, STIs, and UTIs, enhancing the company's microbial research offerings.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:09 pm

ORCL

Oracle anticipates accelerated growth in each successive quarter of FY25 and has signed over 30 AI sales contracts worth more than $12.5 billion in Q4.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:09 pm

RBRK

Rubrik has provided its financial outlook for the second quarter and full fiscal year 2025. The company expects Q2 revenue between $195M and $197M, slightly above estimates, and EPS between $(0.50) and $(0.48), in line with estimates. For FY25, Rubrik forecasts revenue between $810M and $824M, also above estimates, and EPS between $(2.35) and $(2.25), better than expected. The company also provided details on subscription ARR and free cash flow projections.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:09 pm

RBRK

Rubrik shares are trading higher following the company's announcement of a year-over-year increase in Q1 sales results.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:09 pm

PETS

PetMed Express (NASDAQ:PETS) reported Q4 2024 GAAP EPS of $(0.25), missing the $(0.07) estimate by 257.14%. Sales were $66.504M, beating the $65.000M estimate by 2.31%. EPS decreased by 2400% from the same period last year, while sales increased by 6.56%.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:08 pm

HOOD

Robinhood Markets reported significant growth in key metrics for May 2024. Funded customers reached 24.1 million, up 120K from April and 960K year-over-year. Assets Under Custody (AUC) rose to $135 billion, a 9% increase from April and 65% year-over-year. Net Deposits were $3.6 billion in May, with a 35% annualized growth rate. Equity Notional Trading Volumes were $86.8 billion, up 23% from April and 76% year-over-year. Options Contracts Traded were 131.9 million, up 4% from April and 35% year-over-year. Crypto Notional Trading Volumes were $7.1 billion, down 30% from April but up 238% year-over-year. Margin balances were $4.5 billion, up 10% from April and 45% year-over-year. Total Cash Sweep balances were $20.3 billion, up 6% from April and 81% year-over-year. Total Securities Lending Revenue was $23 million, up 10% from April and 53% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:08 pm

MSFT

ORCL

Oracle shares are trading higher despite a Q4 miss. The company announced a partnership with Microsoft and OpenAI to extend the Microsoft Azure AI platform to Oracle Cloud Infrastructure.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:07 pm

INST

Instructure Holdings Inc (NYSE:INST) shares are rising on above-average volume despite no specific news. The stock has gained momentum since early May due to positive Q1 results, upbeat Q2 guidance, and rumors of a potential sale by Thoma Bravo. CFO Peter Walker's recent comments on medium-term growth targets have also contributed to the stock's performance.

Portfolio Pulse from Adam Eckert

June 11, 2024 | 8:07 pm

AMD

ARM

AVGO

INTC

NVDA

PLTR

SMH

TSM

The Biden administration is considering new restrictions on China's access to advanced AI chip technology, specifically targeting gate all-around (GAA) architecture and potentially high-bandwidth memory chips. This move aims to hinder China's AI development capabilities. Major semiconductor companies like Nvidia, Intel, AMD, and TSM could be impacted. The VanEck Semiconductor ETF (SMH) saw a slight decline, while stocks like Palantir, Arm Holdings, and Broadcom outperformed.

Portfolio Pulse from Piero Cingari

June 11, 2024 | 8:07 pm