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AMD

BNGE

INTC

NVDA

TINY

Intel Corp (NASDAQ: INTC) is shifting its focus to private data storage solutions in anticipation of increased AI product demand. The company plans to integrate AI capabilities across various products and expects a slowdown in traditional data center demand. Intel's data center and AI division saw a 5% revenue increase in Q1, and the company aims to ship chips for over 100 million AI PCs by 2025. Intel faces competition from Nvidia Corp (NASDAQ: NVDA) and Advanced Micro Devices Inc (NASDAQ: AMD) in the AI market. Investors can gain exposure to Intel through ProShares Nanotechnology ETF (NYSE: TINY) and First Trust S-Network Streaming And Gaming ETF (NYSE: BNGE).

Portfolio Pulse from Anusuya Lahiri

May 31, 2024 | 4:25 pm

KALV

KalVista Pharmaceuticals presented late-breaking Phase 3 KONFIDENT trial data on Sebetralstat at the EAACI Congress. The NEJM publication highlighted a 9-minute median time to treatment and 1.3-hour symptom relief for laryngeal attacks in the KONFIDENT-S trial.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 4:17 pm

AMBA

CLDI

DELL

GPS

MDB

NVOS

U.S. stocks traded mostly lower with the Nasdaq Composite falling 1.5%. The Dow and S&P 500 saw slight gains. Key movers included Novo Integrated Sciences, Ambarella, The Gap, MongoDB, Dell Technologies, and Calidi Biotherapeutics. The Federal Reserve's preferred inflation measure held steady, keeping investors anxious about potential rate cuts.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 4:15 pm

MAR

Marriott International (NYSE:MAR) has seen a 14.41% increase in its short percent of float, now at 2.62% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, Marriott's short interest is still lower than the average of 6.86%.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 4:15 pm

KDLYW

Trading halt status for IPO security KDLYW was updated at 12:15 PM ET, and the security has been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 4:15 pm

CZR

IEP

Carl Icahn expressed his positive sentiment towards Caesars Entertainment (CZR) and mentioned that he owns some of its stock. He also stated that he would not engage in activist activities with Caesars.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 4:09 pm

SMFL

Smart for Life Inc (NASDAQ:SMFL) shares are down 38% to $3.70 due to agreements with warrant holders to exercise at a reduced price. The company will issue new warrants and file a registration statement for resale by July 15, 2024. The stock has decreased by 95.39% in the past year.

Portfolio Pulse from Henry Khederian

May 31, 2024 | 4:04 pm

SMFL

Smart for Life shares are trading lower after the company entered into agreements with holders of warrants to exercise them at a reduced price.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 4:04 pm

DDOG

Whales are showing a bullish stance on Datadog (NASDAQ:DDOG) with significant options trading activity. Analysts have mixed ratings but generally high price targets. The stock is currently down 6.37% at $109.97, with RSI indicators suggesting it may be oversold.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 4:01 pm

Recent options activity for AT&T (NYSE:T) shows a predominantly bearish sentiment among large investors, with 75% of trades being bearish. The trades indicate a price window of $15.0 to $21.0 for AT&T. The stock is currently up 1.76% at $17.93, but RSI indicators suggest it may be overbought.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 4:01 pm