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QCOM

Nvidia's record-breaking earnings have significantly boosted the SOX and NASDAQ indexes. Nvidia's revenues and guidance exceeded expectations by $1.5 billion, driven by strong demand for its new Blackwell chip. Major customers include Amazon, Google, Meta, and Microsoft. Qualcomm's X Elite series is expected to power new AI PCs, and Apple is offering discounts in China to counter Huawei's competition. AMD will power workloads for OpenAI and new Azure V5 VMs.

Portfolio Pulse from Anusuya Lahiri

May 28, 2024 | 6:37 pm

AWIN

AERWINS Technologies shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 19.1%.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:35 pm

AWIN

AERWINS Technologies (NASDAQ:AWIN) reported a significant improvement in its Q1 earnings, with EPS rising to $12.12 from a loss of $(6.58) per share year-over-year, marking a 284.19% increase.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:32 pm

AZN

AstraZeneca's stock is trading lower due to the TROPION-Lung01 phase 3 trial results, which did not reach statistical significance in overall survival for the entire trial population. However, the drug showed clinically meaningful improvement in a specific subgroup of patients.

Portfolio Pulse from Vandana Singh

May 28, 2024 | 6:32 pm

ACGL

Arch Capital Group (NYSE:ACGL) has seen a 10.85% increase in its short percent of float, now at 1.43% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, ACGL has a lower short interest percentage.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 6:30 pm

DUOL

RDDT

JMP Securities analyst Andrew Boone upgraded Duolingo, Inc. (NASDAQ:DUOL) from Market Perform to Market Outperform with a price target of $260. Key growth drivers include the broader rollout of Max, optimization of subscription tiers, and the launch of a conversational experience. Duolingo's shares have declined ~21% year to date, making the valuation more reasonable. The analyst sees significant potential for revenue growth from the new features and upgrades.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 6:20 pm

MSTR

SMCI

MicroStrategy Inc (NASDAQ:MSTR) is set to join the Russell 1000 Index, marking its transition from a small-cap to a large-cap stock. This inclusion, along with its recent rally and strategic developments, has set a bullish tone for MicroStrategy stock. The company is also making strides in blockchain technology with the development of the 'Orange protocol' for decentralized identification on the Bitcoin blockchain. Technical indicators and analyst expectations suggest a favorable outlook for the stock.

Portfolio Pulse from Surbhi Jain

May 28, 2024 | 6:17 pm

VKTX

Deep-pocketed investors have adopted a bearish approach towards Viking Therapeutics (NASDAQ:VKTX), as revealed by Benzinga's options scanner. The significant options activity includes 4 puts totaling $799,745 and 9 calls amounting to $315,579, with 76% of the sentiment being bearish. The stock is currently trading at $63.27, up by 0.83%, with an RSI suggesting it may be approaching oversold. Analysts have mixed ratings with a consensus target price of $118.0.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 6:16 pm

RSPM

TINT

BofA Securities analyst Steve Byrne raised the price target for DuPont de Nemours, Inc. (NYSE:DD) from $74 to $80 while maintaining an Underperform rating. The analyst believes DuPont's strategic split into three companies could unlock value, particularly in the Water and Electronics businesses, but PFAS liabilities remain a significant risk. Investors can gain exposure to DuPont through ProShares Smart Materials ETF (NYSE:TINT) and Invesco S&P 500 Equal Weight Materials ETF (NYSE:RSPM).

Portfolio Pulse from Lekha Gupta

May 28, 2024 | 6:14 pm

NXPI

The semiconductor industry has seen significant fluctuations, with NXP Semiconductors NV (NASDAQ:NXPI) showing stability and growth, while ON Semiconductor Corp (NASDAQ:ON) presents higher growth potential despite recent declines. Analysts have set price targets indicating potential upsides for both stocks.

Portfolio Pulse from Surbhi Jain

May 28, 2024 | 6:05 pm