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U.S. Treasury Secretary Janet Yellen stated that China appears to be a significant source of goods for Russia's war effort in Ukraine. This statement could have implications for U.S.-China relations and the broader geopolitical landscape.

Portfolio Pulse from Charles Gross

May 23, 2024 | 9:30 am

NVDA

Nvidia CEO Jensen Huang discussed the company's supply challenges due to high demand for its GPUs. Despite transitioning to a more advanced AI platform, Nvidia continues to see strong demand for its current products. The company recently reported strong financial performance, including a significant increase in dividends and a stock split.

Portfolio Pulse from Benzinga Neuro

May 23, 2024 | 9:14 am

WB

Weibo (NASDAQ:WB) reported Q1 2024 adjusted EPS of $0.41, beating the $0.36 estimate. Sales were $395.497M, surpassing the $392.547M estimate. Both EPS and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 9:03 am

TSLA

Tesla Inc. (NASDAQ: TSLA) is urging its suppliers to diversify production away from China and Taiwan due to escalating geopolitical tensions and recent U.S. tariff hikes on Chinese imports. The company aims to prevent supply chain disruptions by building alternative supply sources.

Portfolio Pulse from Anan Ashraf

May 23, 2024 | 9:03 am

NTES

NetEase shares are trading lower after the company reported worse-than-expected Q1 revenue.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:37 am

DAO

Youdao (NYSE:DAO) reported strong Q1 earnings, with adjusted EPADS of $0.02 beating the $(0.12) estimate and sales of $192.80M surpassing the $186.62M estimate. This marks a significant improvement from the previous year's losses and sales figures.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:37 am

EWU

The U.K. Manufacturing Purchasing Managers Index (PMI) for the preliminary reading came in at 51.3, surpassing the estimated 49.5 and the prior reading of 49.1.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:33 am

NTES

NetEase reported Q1 adjusted EPADS of $1.81, beating the estimate of $1.79. However, sales were $3.72 billion, missing the estimate of $3.79 billion.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:32 am

NVDA

TSLA

Elon Musk acknowledged Nvidia CEO Jensen Huang's praise of Tesla's Full Self-Driving technology. Huang stated that every car would eventually need autonomous capabilities. Nvidia has been crucial in supporting Tesla's FSD Version 12 with its AI infrastructure, leading to breakthrough performance in autonomous driving technology.

Portfolio Pulse from Benzinga Neuro

May 23, 2024 | 8:17 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) reported strong Q1 results, significantly surpassing expectations, driven by a 427% YoY growth in its Data Center business. Analysts are bullish, with Key Banc's John Vinh raising the price target to $1,300. Nvidia's shares rose 6.06% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

May 23, 2024 | 8:08 am