Streetbeat News

Stock Prices

AMZN

RIVN

TSLA

Rivian Automotive (NASDAQ:RIVN) held an investor day highlighting new vehicle launches, a joint venture with Volkswagen, and partnerships with Amazon and Tesla. CEO RJ Scaringe emphasized cost reductions, vertical integration, and autonomy. Rivian plans to open its EV charging network this summer and aims for positive gross profit by Q4 2024.

Portfolio Pulse from Chris Katje

June 27, 2024 | 3:26 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) is advancing its use of generative AI in its finance operations, enhancing tasks such as fraud detection, contract review, and financial forecasting. This shift, driven by Amazon Web Services (AWS), has contributed to a surge in sales and is expected to increase capital expenditures significantly. Amazon is also developing a new AI chatbot, 'Metis,' to compete with OpenAI's ChatGPT.

Portfolio Pulse from Anusuya Lahiri

June 27, 2024 | 3:25 pm

RIVN

The article highlights a surge in options activity for Rivian Automotive (NASDAQ:RIVN), with a mix of bullish and bearish trades. Whales have been targeting a price range of $7.5 to $15.0 over the last three months. The stock is currently down 6.72% at $13.75, with RSI indicators suggesting it may be approaching overbought territory. Analysts have mixed ratings, with price targets ranging from $13 to $21.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 3:19 pm

GOOG

GOOGL

Google has announced new features for its Gemini API and Google AI Studio, including a 2 million token context window for Gemini 1.5 Pro, code execution capabilities, and the availability of Gemma 2. These updates aim to enhance developer capabilities and reduce costs. Additionally, Gemini 1.5 Flash is being used in various innovative applications, and text tuning for the model is now available.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 3:15 pm

BTCUSD

ETHUSD

SOLUSD

VanEck has filed an S-1 registration form with the SEC for a Solana ETF, causing Solana (SOL) to rally by over 6%. This is the first attempt at a Solana ETF in the U.S., following a similar product launch in Canada. The approval of a Solana ETF in the U.S. remains uncertain and may depend on changes in the regulatory landscape.

Portfolio Pulse from Murtuza Merchant

June 27, 2024 | 3:08 pm

RDY

Dr. Reddy's Laboratories shares are trading higher after announcing a definitive agreement with Haleon to acquire Northstar Switzerland SARL's global portfolio of consumer healthcare brands in the Nicotine Replacement Therapy category outside of the United States.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 3:06 pm

GLD

SLV

Gold and silver are trading higher ahead of Friday's PCE data, potentially influenced by regional tensions following an attempted coup in Bolivia, stress test results, and earlier economic data.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 3:02 pm

MSFT

NVDA

SPY

The U.S. has imposed new restrictions on the export of advanced chips to China, which is expected to significantly impact China's AI sector. This move could affect several U.S.-listed companies and ETFs, including NVIDIA (NVDA), Microsoft (MSFT), and the SPDR S&P 500 ETF (SPY). The restrictions aim to curb China's technological advancements in AI by limiting access to critical hardware.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 3:02 pm

INJUSD

Injective's (CRYPTO: INJ) price increased by 3.57% in the past 24 hours to $23.83, with a weekly uptick of over 11%. Despite a 26% drop in trading volume, the circulating supply increased by 0.44%, bringing the market cap to $2.32 billion.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 3:02 pm

GWRE

10 analysts have recently evaluated Guidewire Software (NYSE:GWRE), with a mix of bullish and bearish perspectives. The average 12-month price target has increased to $140.2, up 9.7% from the previous $127.80. Analysts have raised their price targets, reflecting positive sentiment towards the company's future performance.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 3:01 pm