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AMD

NVDA

AMD plans to launch its next-gen MI350 chip in 2025 to compete with Nvidia's Blackwell system. The MI350 aims to offer significant performance improvements and maintain memory leadership. AMD CEO Lisa Su envisions AMD as a future AI leader, despite Nvidia's current dominance.

Portfolio Pulse from Ananya Gairola

October 11, 2024 | 1:40 am

ACB

CGC

FLGC

IMCC

The cannabis industry is experiencing significant leadership changes. Notable updates include Aurora Cannabis Inc.'s CEO Miguel Martin taking on the role of executive chairman, and IM Cannabis Corp. appointing Shmulik Arbel to its board. Canopy Growth Corporation's shareholders confirmed their board nominees, and Flora Growth Corp. named Harold Wolkin as an independent director. These changes reflect ongoing shifts in the cannabis sector's leadership landscape.

Portfolio Pulse from Jelena Martinovic

October 11, 2024 | 1:26 am

ALCE

Trading for an unspecified asset was halted at 7:50:00 p.m. ET due to pending news. The halt indicates that significant information is expected to be released, which could impact the asset's price.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 11:50 pm

MU

NVDA

SMCI

Retail traders are largely indifferent to the AI stock surge and the 2024 presidential election's impact on their portfolios. Despite significant gains by AI companies like Nvidia, Super Micro Computer, and Micron Technology, many traders remain unexcited. The election between Trump and Harris also doesn't significantly influence most investors' strategies.

Portfolio Pulse from Anthony Noto

October 10, 2024 | 10:53 pm

TD

Toronto-Dominion Bank (NYSE:TD) has agreed to pay $3.09 billion in fines to U.S. authorities after pleading guilty to money laundering-related charges. The bank was accused of facilitating money laundering for nearly a decade, leading to the largest penalty ever imposed by U.S. authorities for such violations. An asset cap has been imposed to limit TD Bank's growth, marking a significant regulatory action.

Portfolio Pulse from Maureen Meehan

October 10, 2024 | 10:17 pm

BATRA

BATRK

BRK

RCI

The Minnesota Twins are up for sale, potentially impacting the valuation of other MLB teams, including the Atlanta Braves. Warren Buffett, through Berkshire Hathaway, holds a stake in the Braves, which could benefit if the Twins' sale boosts MLB team valuations.

Portfolio Pulse from Chris Katje

October 10, 2024 | 9:54 pm

AMLI

American Lithium has announced proactive steps, including cost-cutting measures, to adapt to evolving market conditions. This move is likely in response to changes in the lithium market, which could impact the company's financial performance and stock price.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 9:34 pm

PROC

Procaps Group has announced that an independent investigation has identified certain historical transactions that require the company to restate its financial statements. Additionally, the company plans to implement a long-term restructuring plan.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 9:31 pm

VRT

Vertiv Holdings (NYSE:VRT) has significantly outperformed the market over the past 5 years, with an average annual return of 60.09%. A $100 investment in VRT 5 years ago would now be worth $1,050.54, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 9:30 pm

LHX

L3Harris Technologies (NYSE:LHX) has delivered an average annual return of 12.78% over the past 15 years, outperforming the market by 1.04% annually. A $1000 investment in LHX 15 years ago would now be worth $6,511.28, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 9:30 pm