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HOOD

Dogecoin surpasses Ethereum in Robinhood's Q1 user holdings, with $7.36 billion in DOGE compared to $5.63 billion in ETH. Bitcoin remains the largest holding at $10.4 billion. Robinhood's affinity for meme coins is highlighted, suggesting future additions of similar assets. The data indicates a significant portion of Robinhood's user base is invested in these volatile yet popular digital assets, with a large percentage of Dogecoin holders remaining in profit despite its volatility.

Portfolio Pulse from Khyathi Dalal

May 10, 2024 | 1:56 pm

SOUN

SoundHound AI, Inc. (NASDAQ:SOUN) shares surged on Friday following the announcement of a partnership with Perplexity to enhance its SoundHound Chat AI with conversational AI-powered answer engine capabilities. This collaboration aims to solidify SoundHound's position as a leading voice assistant. Additionally, SoundHound reported a 73% year-over-year increase in top-line results for the first quarter, despite a wider Adjusted EBITDA loss and a contraction in non-GAAP gross margin. The company also reported an adjusted loss per share that beat analyst estimates.

Portfolio Pulse from Nabaparna Bhattacharya

May 10, 2024 | 1:55 pm

CRNC

Wells Fargo analyst Colin Langan downgraded Cerence (NASDAQ:CRNC) from Overweight to Equal-Weight and significantly reduced the price target from $25 to $6.5.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:54 pm

FTHM

B. Riley Securities analyst Raj Sharma has maintained a Buy rating on Fathom Holdings (NASDAQ:FTHM) but has lowered the price target from $12 to $8.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:51 pm

OKLO

Trading of Oklo shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:50 pm

FTCI

FTC Solar, Inc. (NASDAQ:FTCI) reported a first-quarter FY24 revenue of $12.59 million, missing the consensus estimate and showing a 45.7% decline year-over-year. The company's adjusted EBITDA loss widened to $(10.7) million from $(7.15) million in the same quarter last year. Despite the revenue blues, FTC Solar aims for adjusted EBITDA profitability by Q4 FY24, with an outlook for Q2 revenue significantly below consensus. Shares fell 3.49% to $0.5308.

Portfolio Pulse from Lekha Gupta

May 10, 2024 | 1:48 pm

OKLO

Shares of Oklo were halted due to a circuit breaker after plummeting by 34.1%, indicating a significant drop in the company's stock value.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:46 pm

CAMT

B. Riley Securities analyst Craig Ellis has reiterated a Buy rating on Camtek (NASDAQ:CAMT) and increased the price target from $102 to $110.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:45 pm

GOOG

GOOGL

TSLA

Ark Invest's Chief Futurist Brett Winton predicts Tesla will outperform Alphabet's Waymo in the autonomous driving sector due to its larger dataset from more miles driven. Tesla's vehicles have driven over a billion miles with Full Self-Driving (FSD) software, significantly more than Waymo's 7 million miles. Winton emphasizes the importance of data in achieving vehicle autonomy, with Tesla leading in data collection.

Portfolio Pulse from Anan Ashraf

May 10, 2024 | 1:41 pm

GLOB

Scotiabank analyst Divya Goyal downgraded Globant (GLOB) from Sector Outperform to Sector Perform and reduced the price target from $230 to $200.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:40 pm