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AAPL

Apple has announced that Siri will receive a text interface, allowing users to type commands. This announcement was made at the WWDC24 event.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 6:23 pm

AAPL

Apple Inc. (NASDAQ:AAPL) announced its new generative AI features, branded as 'Apple Intelligence,' at the Worldwide Developers Conference (WWDC). These features will be integrated into iPhones, iPads, and Macs, focusing on privacy with on-device data processing powered by A17 Pro and M4 chips.

Portfolio Pulse from Rounak Jain

June 10, 2024 | 6:20 pm

MSFT

SONY

Xbox boss Phil Spencer discussed the closures of several Microsoft gaming studios, including Arkane Austin and Tango Gameworks, as part of broader layoffs affecting around 1,900 staff. Despite the layoffs, Spencer emphasized the need for a sustainable business model and assured continued investment in Xbox. The closures reflect a broader trend of workforce reductions in the gaming industry, with companies like Sony also implementing significant cuts.

Portfolio Pulse from Franca Quarneti

June 10, 2024 | 6:20 pm

FDX

FedEx Corp. (NYSE:FDX) has announced a 10% increase in its annual dividend rate, raising it from $1.26 to $1.38 per share. The quarterly cash dividend of $1.38 per share will be payable on July 9, 2024, to stockholders of record on June 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 6:17 pm

AAPL

At the WWDC24 event, Apple announced that many of its intelligence models run on the device. Additionally, Apple introduced Private Cloud Compute and revealed that it will use its own server chips to power its AI initiatives.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 6:16 pm

MTTR

Matterport (NYSE:MTTR) has seen a 12.96% increase in its short percent of float, now at 2.79% of all regular shares available for trading. This indicates a rise in bearish sentiment, although the company's short interest is still below the peer group average of 8.53%.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 6:15 pm

UNP

Union Pacific's (NYSE:UNP) short interest has risen by 4.41%, with 4.31 million shares sold short, representing 0.71% of its float. This increase in short interest could indicate bearish sentiment among investors. However, compared to its peers, Union Pacific has a lower short interest percentage.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 6:15 pm

DSY

KWE

SKYE

Shares of Skye Bioscience, Inc. (NASDAQ:SKYE) fell sharply by 19% after the company announced the discontinuation of its SBI-100 Ophthalmic Emulsion Phase 2a trial. Other notable movers include Big Tree Cloud Holdings Limited (NASDAQ:DSY) which jumped 123% following a business combination, and KWESST Micro Systems Inc. (NASDAQ:KWE) which gained 79.8% after being awarded a significant sub-contract. Several other stocks experienced significant gains or losses during Monday's mid-day session.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 6:10 pm

AAPL

Apple has announced 'Apple Intelligence' at the WWDC24 event, a new feature that will enable iPhone, iPad, and Mac to understand and create language and images.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 6:10 pm

AAPL

Apple has unveiled a new AI offering called 'Apple Intelligence' at the WWDC24 event. This new product is expected to enhance Apple's ecosystem and drive future growth.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 6:07 pm