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Super Micro Computer, Inc (NASDAQ:SMCI) introduced a liquid-cooled AI data center optimized for Nvidia Corp AI Enterprise software, promising significant improvements in AI performance and efficiency. The company also announced new products based on Nvidia Blackwell architecture and showcased upcoming systems at COMPUTEX 2024. Supermicro stock is trading up following Taiwan Semiconductor Manufacturing Co’s (NYSE:TSM) price hike news. The stock has gained 245% in the last 12 months, and investors can gain exposure via iShares Russell 2000 Growth ETF (NYSE:IWO) and Vanguard Total Stock Market ETF (NYSE:VTI).

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 1:17 pm

AAPL

AMD

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HPE

LULU

NVDA

PLTR

SMCI

TSLA

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:15 pm

XYF

X Financial (NYSE: XYF) has initiated a tender offer to buy back up to 2 million of its American Depositary Shares (ADSs) at $4.52 per ADS. This move is part of a previously approved $20 million share repurchase program. The tender offer will expire on July 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:14 pm

BTCUSD

CORZ

Core Scientific reported a decrease in self-mined Bitcoin for May 2024, earning 447 BTC compared to 803 BTC in the previous month. The company also sold fewer Bitcoins, with 453 BTC sold versus 847 BTC in the prior month, resulting in sales proceeds of approximately $29.4 million compared to $55.8 million month-over-month.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:13 pm

BLK

BTCUSD

SAP

The article covers a range of topics including Bitcoin's strong performance metrics, significant inflows into Bitcoin Spot ETFs, and various movements in the crypto market. It also highlights notable premarket stock movements, a new stock exchange initiative by BlackRock and Citadel, and significant developments in the tech and EV sectors.

Portfolio Pulse from Akanksha Bakshi

June 05, 2024 | 1:13 pm

APDN

Applied DNA Sciences has received a Notice of Allowance from the USPTO for its patent application titled 'Compositions and Methods for RNA Synthesis.' This development could enhance the company's intellectual property portfolio and potentially open new revenue streams.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:11 pm

MITQ

Moving IMage Technologies, Inc. (AMEX:MITQ) shares are surging in premarket trading after securing a multi-million dollar contract for a new Alamo Drafthouse project in Indianapolis. The project will feature the company's proprietary products and advanced 4K laser projection technology. MITQ stock has lost over 38% in the past year but is currently trading 87.1% higher premarket.

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 1:11 pm

ASAN

Asana has introduced AI Teammates to enhance work management by collaborating with people, customizing workflows, triaging risks, and reallocating work to achieve goals faster. These AI Teammates are powered by Asana's proprietary Work Graph® data model.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:09 pm

OMC

Wall Street's most accurate analysts recommend buying three tech and telecom stocks with over 3% dividend yields: AT&T Inc. (T), Verizon Communications Inc. (VZ), and Omnicom Group Inc. (OMC). These companies have high free cash flows and reward shareholders with high dividend payouts. Analysts have provided updated ratings and price targets for these stocks.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 1:08 pm

LEXX

Lexaria Bioscience has announced progress in its human pilot study GLP-1-H24-2, with the second round of dosing completed for all nine participants. The final arm of the study is expected to finish by early July.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:07 pm