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Stock Prices

PRST

Presto Automation's stock is trading lower following the announcement of securities purchase agreements for the sale of 4.8 million shares.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 4:41 pm

NVDA

NVIDIA Corp's CEO, Jensen Huang, emphasized at the GTC2024 event that Nvidia is more than a chipmaker, focusing on accelerated computing. He highlighted the potential of AI to transform industries, valuing the opportunity at $100 trillion. Nvidia announced its next-generation Blackwell GPU, aiming to revolutionize computing efficiency and reduce energy usage. Despite a year-to-date stock increase of 75%, NVDA shares were down 2.27% at the time of publication.

Portfolio Pulse from Adam Eckert

March 19, 2024 | 4:39 pm

QCOM

Over the past 5 years, Qualcomm (NASDAQ:QCOM) has outperformed the market with an annualized return of 23.78%, turning a $1000 investment into $2,896.08 today. Qualcomm's market capitalization stands at $185.19 billion.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 4:31 pm

COST

Recent analysis of options activity for Costco Wholesale (NASDAQ:COST) reveals a bearish sentiment among significant investors, with 55% of trades being bearish. The trading range is expected between $265.0 to $785.0 over the next three months. Notable options activity includes a mix of bullish, bearish, and neutral sentiments with varying expiration dates and strike prices. Costco's current stock price is $730.62, slightly down by -0.13%, with professional analysts setting an average price target of $805.0. The company's business model focuses on bulk sales at low prices, maintaining a strong market share in the warehouse club industry.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 4:31 pm

U

Unity Software (NYSE:U) has seen a balanced mix of bullish and bearish options trading, with significant investors predicting a price range of $22.5 to $47.0 in the next three months. The trading volume and open interest in Unity Software's options provide insights into market sentiment and liquidity. Unity Software, a platform for creating and operating interactive 3D content, has a current stock price of $26.01, with a slight decrease of -0.23%. Analysts have set an average target price of $31.2, with ratings ranging from Buy to Neutral.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 4:30 pm

AAPL

GOOG

GOOGL

TSLA

Tesla Inc. (NASDAQ:TSLA) saw its shares increase by 6.25% after announcing a price hike for the Model Y in the U.S. and Europe, aiming to improve profit margins amidst a challenging EV market. Despite a 30% YTD stock decline, technical indicators suggest potential for a bullish reversal. Contrarian opportunities are noted in comparison to other tech giants like Apple Inc (AAPL) and Alphabet Inc (GOOG, GOOGL).

Portfolio Pulse from Surbhi Jain

March 19, 2024 | 4:30 pm

NVDA

VRT

Vertiv Holdings' stock experienced a notable increase in trading volume following a mention by Nvidia during a GTC conference. This mention suggests a potential collaboration or endorsement by Nvidia, which is significant given Nvidia's industry standing.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 4:30 pm

MITK

Mitek (NASDAQ:MITK), a leader in digital identity and fraud prevention, announced a delay in filing its FY23 Annual Report on Form 10-K due to issues transmitting the report to the SEC's EDGAR system since March 18, 2024. The company is working to resolve the issue with its financial reporting provider and the SEC. Despite the delay, Mitek plans to issue an earnings release and hold an earnings call on March 19, 2024, to discuss its fiscal 2023 Q4 and full-year results. The earnings call is contingent on successfully filing a Form 8-K with the SEC.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 4:25 pm

AAPL

AMZN

GOOG

NVDA

TSLA

Nvidia is extending its AI dominance, with its stock becoming a favorite for speculative trading, particularly in options. The company announced Blackwell, a successor to its Hopper AI chip, promising significant performance improvements. Meanwhile, the Bank of Japan raised interest rates for the first time in 17 years, which could have long-term negative implications for the U.S. stock market. Early trade money flows show positive trends for AAPL and GOOG, but negative for AMZN, META, MSFT, NVDA, TSLA, SPY, and QQQ. The momo crowd is actively buying stocks, gold, and oil in early trades.

Portfolio Pulse from The Arora Report

March 19, 2024 | 4:23 pm

SFIX

Stitch Fix shares dropped following Mizuho's initiation of coverage with an Underperform rating and a $2 price target.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 4:18 pm