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AAPL

Apple Inc. has acquired Canadian AI startup DarwinAI to bolster its artificial intelligence capabilities, focusing on generative AI and enhancing device performance. This move is part of Apple's broader strategy to integrate AI into its products, including iPhones and MacBooks, despite facing challenges in other tech ventures.

Portfolio Pulse from Rounak Jain

March 15, 2024 | 8:14 am

DOYU

DouYu International Holdings Limited (NASDAQ:DOYU) announced a one-for-ten reverse ADS split, adjusting the share ratio from ten ADSs representing one Ordinary Share to one ADS representing one Ordinary Share. This change will be automatically applied for holders of uncertificated ADSs, with any fractional ADSs sold and proceeds distributed to the entitled holders.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 8:03 am

META

Elon Musk criticizes the proposed TikTok bill, H.R. 7521, which aims to ban foreign adversary controlled applications in the U.S., including TikTok. Musk warns the bill is too broad and could be misused. The bill's approval by the U.S. House of Representatives has sparked debate and speculation about a potential sale of TikTok. The controversy has positively impacted the stock prices of rival social media companies, notably Meta Platforms Inc (NASDAQ:META).

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 7:21 am

HIBB

Hibbett, Inc. (NASDAQ:HIBB) is set to announce its Q4 financial results on March 15, 2024, with analysts forecasting a decrease in earnings per share from $2.91 to $2.56 compared to the same period last year. However, revenue is expected to increase to $477.49 million from $458.3 million. Following a Q3 sales beat, Hibbett's stock fell 1.8% to $73.03. Analysts from Telsey Advisory Group, Baird, Benchmark, and Williams Trading have recently updated their ratings and price targets for HIBB, showing a positive outlook.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 7:13 am

BTCUSD

Bitcoin (BTC) experienced an 8% drop to below $67K, attributed to concerns over persistent inflation and speculation about the Federal Reserve maintaining higher interest rates. The cryptocurrency community remains optimistic, with some seeing the dip as a buying opportunity.

Portfolio Pulse from Mehab Qureshi

March 15, 2024 | 6:19 am

BNAI

DHCA

Brand Engagement Network Inc. (BEN), specializing in personalized customer engagement AI, has completed its business combination with DHC Acquisition Corp. (NASDAQ:DHCA), with DHC shareholders approving the deal. The merged entity, retaining the name Brand Engagement Network Inc., will start trading on Nasdaq under the ticker symbols 'BNAI' for common stock and 'BNAIW' for warrants on March 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 6:17 am

AAU

Almaden Minerals has initiated an arbitration notice against Mexico and announced its delisting from the NYSE American to move to the OTCQB market. This decision comes as a significant step for the company, potentially impacting its stock visibility and investor base.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 6:10 am

JBL

Jabil Inc. (NYSE:JBL) is anticipated to report lower Q2 earnings with an expected EPS of $1.66, down from $1.88 year-over-year, and revenue of $6.89 billion. The company declared a quarterly dividend of 8 cents per share. Shares fell 0.9% to $147.46 recently. Analysts from Goldman Sachs, Stifel, JP Morgan, Barclays, and Raymond James have provided varied ratings and price targets for JBL, reflecting a mix of optimism and caution.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 5:47 am

ODD

ODDITY has priced a secondary offering of 4,782,609 Class A Ordinary Shares at $43.50 each, with an option for underwriters to purchase up to an additional 717,391 shares. The offering, closing on March 19, 2024, involves only the Selling Stockholder's shares, with no proceeds going to ODDITY.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 5:33 am

AMD

AVGO

MSFT

NVDA

TSM

Glen Kacher of Light Street Capital advises investors to retain their semiconductor stocks, highlighting it's too early to exit the market. During a CNBC appearance, he emphasized the beginning of an investment cycle in AI infrastructure, making current valuations reasonable. Kacher's 'AI Five' picks include NVIDIA (NVDA), Advanced Micro Devices (AMD), Taiwan Semiconductor (TSM), Broadcom (AVGO), and Microsoft (MSFT), indicating a strong belief in their future growth driven by AI advancements.

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 5:20 am