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NVDA

Nvidia's journey from near bankruptcy to a $2 trillion valuation was significantly influenced by a $5 million lifeline from a former Sega executive, Shoichiro Irimajiri. This act of kindness allowed Nvidia to develop a breakthrough chip and go public in 1999. However, Nvidia now faces competition from Qualcomm, Ampere Computing, and AMD in the AI-focused server market.

Portfolio Pulse from Benzinga Neuro

May 20, 2024 | 5:13 am

WIX

Wix.com (NASDAQ:WIX) reported Q1 2024 earnings of $1.29 per share, beating the analyst estimate of $1.03 by 25.24%. Sales were $419.776 million, surpassing the $417.837 million estimate. This represents a 41.76% increase in EPS and a 12.22% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 5:02 am

AMGN

AZN

AstraZeneca and Amgen's TEZSPIRE shows potential for future COPD treatment based on new data from the Phase IIa COURSE trial presented at ATS 2024. The trial results indicate a 17% reduction in COPD exacerbations, with more significant reductions in patients with higher eosinophil levels.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 4:55 am

BBJP

DXJ

EWJ

The Japan Tertiary Industry Activity Index for the month showed a decline of 2.4%, significantly missing the estimated growth of 0.1% and down from the previous month's 1.5% increase.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 4:36 am

EWT

Taiwan's new president, Lai Ching-te, was sworn in amid rising tensions with China. Lai is expected to maintain the status quo in cross-strait relations and strengthen ties with the U.S. and its allies. Beijing has increased military incursions around Taiwan, viewing Lai as a separatist. The U.S. calls for peaceful resolution of cross-Strait differences.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 4:27 am

FXI

The People's Bank of China has decided to keep the Loan Prime Rate unchanged at 3.45%. This decision may have implications for various financial markets, including those involving US-listed ETFs with exposure to Chinese markets.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 4:19 am

FXI

China's Loan Prime Rate (LPR) for 5 years remains unchanged at 3.95% for May. This decision could impact various sectors, including those tracked by the iShares China Large-Cap ETF (FXI).

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 4:19 am

SPY

USO

Iranian President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian are feared dead following a helicopter crash in northern Iran. The crash occurred while Raisi was returning from a ceremony to inaugurate a dam. Search and rescue operations are ongoing, hampered by inclement weather. The incident has significant geopolitical implications.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 4:04 am

BTCUSD

Peter Schiff, a well-known Bitcoin critic, highlighted Bitcoin's underperformance relative to silver over a short period, claiming Bitcoin is 'dead.' However, over longer periods, Bitcoin has significantly outperformed silver. Schiff's selective data points have been criticized by cryptocurrency analysts.

Portfolio Pulse from Aniket Verma

May 20, 2024 | 3:55 am

ETHUSD

SOLUSD

Vitalik Buterin, co-founder of Ethereum, praised the platform's culture of free speech, but faced backlash from social media users who claimed they experienced censorship. The discussion highlights the importance of open discourse in the blockchain industry.

Portfolio Pulse from Aniket Verma

May 20, 2024 | 2:46 am