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AAOI

ARDX

BKNG

CAN

CPRT

INDI

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RCEL

Ardelyx, Inc. reported mixed Q4 financial results, missing EPS estimates but beating sales forecasts, leading to a 13.3% pre-market drop. Other stocks like Applied Optoelectronics, indie Semiconductor, ModivCare, Booking Holdings, MercadoLibre, Copart, AVITA Medical, Main Street Capital, and Canaan also saw pre-market declines due to various financial disappointments.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 9:50 am

NVDA

Gene Munster of Deepwater Asset Management predicts Nvidia's growth will remain high for an extended period due to AI adoption, despite the company's boom-and-bust nature. He supports the $1,000+ price targets for Nvidia, expecting the stock to surpass this within a year or two. However, he anticipates an 'epic bust' in 3-5 years, differing from analysts who foresee a correction in 2026. Nvidia's recent performance, with a 16.40% increase to $785.38, reflects strong momentum.

Portfolio Pulse from Shanthi Rexaline

February 23, 2024 | 9:42 am

ARKK

NVDA

PATH

TWLO

Cathie Wood's ARK Innovation ETF (ARKK) has not held Nvidia (NVDA) shares since early 2023, missing out on Nvidia's significant gains driven by the AI boom. Despite Wood's prediction of the AI revolution's impact on economic growth, ARK opted to invest in less obvious AI companies like UiPath (PATH) and Twilio (TWLO), considering Nvidia overpriced. Nvidia's stock has surged 57% in 2024, significantly outperforming the S&P 500 and Nasdaq 100, after reporting impressive earnings and strong guidance.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 9:17 am

KTOS

Kratos Defense & Security Solutions (KTOS) has announced the pricing of a public offering of 16,666,667 shares at $18.00 per share, expecting net proceeds of approximately $288 million. The offering includes an underwriter option for an additional 2,500,000 shares and is set to close on February 27, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:48 am

BWA

BorgWarner Inc. (NYSE:BWA) has advised its stockholders to reject an unsolicited mini-tender offer from TRC Capital Investment Corporation, which aims to purchase up to 4 million shares at $28.80 each. This offer price is a 4.51% discount below BorgWarner's closing price on February 20, 2024, and a 5.94% discount from its closing price on February 22, 2024. The offer represents about 1.74% of BorgWarner's outstanding shares as of December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:45 am

Hyatt Hotels Corporation (NYSE:H) is anticipated to report lower Q4 earnings with an expected EPS of 39 cents compared to $2.55 in the previous year. Revenue is projected at $1.61 billion, slightly up from $1.59 billion. Recent analyst actions include a downgrade by Evercore ISI Group, price target adjustments by Barclays, Morgan Stanley, HSBC, and Stifel, reflecting varied expectations for the stock's performance.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 7:45 am

AER

BKNG

WBD

Warner Bros. Discovery, Block, AerCap Holdings, Booking Holdings, and Hyatt Hotels are stocks to watch. Warner Bros. is expected to report a quarterly loss, while Block reported mixed Q4 earnings but expects higher Q1 gross profit. AerCap's earnings expectations are positive. Booking reported strong Q4 earnings but its shares fell after announcing a dividend. Hyatt is anticipated to report solid quarterly earnings.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 7:35 am

NVDA

Nvidia Corporation (NASDAQ:NVDA) has officially recognized Huawei Technologies as a significant competitor in the artificial intelligence (AI) chip market. This acknowledgment was made in a recent filing with the Securities and Exchange Commission, highlighting Huawei's involvement in AI chips and cloud services. Despite challenges from U.S. sanctions and chip constraints, Huawei remains a leader in the Chinese smartphone market. Meanwhile, Nvidia's market cap is nearing $2 trillion, reflecting its strong market position amidst growing AI demand.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 7:33 am

TMUS

AT&T (NYSE:T) experienced a nationwide service outage affecting calls, texts, and data, including 911 access, which was resolved within a day. The outage, caused by an internal error and not a cyber attack, impacted users across the U.S. The FCC is investigating the incident, and AT&T is taking steps to prevent future occurrences. Other carriers like Verizon (NYSE:VZ) and T-Mobile (NASDAQ:TMUS) were unaffected.

Portfolio Pulse from Rounak Jain

February 23, 2024 | 7:33 am

BTCUSD

NVDA

Peter Schiff highlighted Nvidia's market cap gain of $277 billion after an earnings report, comparing it to the total worth of the top 85 gold mining firms. Schiff, a gold advocate, criticized tech stocks and Bitcoin, sparking debates on investment logic. Nvidia's stock soared 16.4%, making it the fourth-largest company by market cap. Schiff also expressed skepticism about Bitcoin ETFs and potential market manipulation.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 6:54 am