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AMD

AMZN

META

Large-cap tech stocks are experiencing a rise in their share prices as they rebound from a dip that occurred on Thursday.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:25 pm

NVDA

TSLA

Tesla Inc.'s CEO Elon Musk disagrees with Nvidia Corp.'s CEO Jensen Huang on the ease of creating neural networks. Musk responded to Huang's claim that anyone could use Nvidia's AI chips for this purpose, stating it's 'insanely hard'. This comes as Tesla has invested in Nvidia's GPUs for its self-driving technology. Huang remains optimistic about Nvidia's AI capabilities and its software segment's revenue, despite Musk's skepticism.

Portfolio Pulse from Rounak Jain

April 05, 2024 | 2:20 pm

AZN

AstraZeneca Plc (NASDAQ:AZN) announced promising results from the ADRIATIC Phase 3 trial of Imfinzi, either alone or with Imjudo, in treating small cell lung cancer (LS-SCLC) post-chemoradiotherapy. The trial, involving 730 patients, showed significant improvements in overall and progression-free survival compared to placebo. Imfinzi's safety profile remained consistent, with no new safety concerns. The study's second arm, evaluating Imjudo's addition, continues to its next analysis phase. Imfinzi is already approved in multiple regions for different stages of lung cancer.

Portfolio Pulse from Vandana Singh

April 05, 2024 | 2:19 pm

CADL

Trading of Candel Therapeutics shares has resumed, indicating a potential shift in market dynamics or response to recent company developments.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:17 pm

CG

Carlyle Group's (NYSE:CG) short interest has decreased by 3.56%, now standing at 16.43 million shares or 7.85% of its float. This decline in short interest, which now requires an average of 6.38 days to cover, could indicate a shift in market sentiment towards the stock. Despite this, it's not a direct predictor of a price increase. Compared to its peers, CG has a higher short interest percentage of float, with the average for its peer group being 2.48%.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:15 pm

ELF

e.l.f. Beauty's (NYSE:ELF) short interest has decreased by 10.03% since the last report, with 2.69 million shares sold short, representing 6.91% of its float. This decrease in short interest could indicate a more bullish sentiment towards ELF among traders. The company's short interest is higher than its peer group average of 6.37%.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:15 pm

APP

AppLovin (NYSE:APP) has seen a 22.11% increase in its short percent of float since the last report, with 22.12 million shares sold short, representing 15.08% of available shares. This indicates a bearish market sentiment towards APP, as it takes traders approximately 5.23 days to cover their short positions. Compared to its peers, AppLovin has a significantly higher short interest, with the peer group average at 3.58%.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:15 pm

UBER

Uber Technologies' stock is trading higher following positive analyst actions. Jefferies maintained a Buy rating and increased its price target from $95 to $100. Needham also reiterated a Buy rating, keeping its price target at $90.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:14 pm

CTNM

Trading for the IPO security CTNM was halted but has now resumed as of 10:10:00 AM ET.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:10 pm

CADL

Candel Therapeutics' shares were halted due to a circuit breaker triggered by a significant upside movement, with the stock now up 14.7%.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:09 pm