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BILI

BMBL

PINS

SE

TME

Five tech and telecom stocks in the communication services sector, including Bilibili Inc. (BILI), Sea Limited (SE), Bumble Inc. (BMBL), Pinterest, Inc. (PINS), and Tencent Music Entertainment Group (TME), are showing overbought signals with RSI values above 70. These stocks have seen significant price increases recently, which may indicate a potential short-term decline.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:29 pm

NVDA

PLTR

Duquesne Family Office, led by Stanley Druckenmiller, has reopened a position in Palantir Technologies (PLTR) after a year-long hiatus, purchasing 769,965 shares in Q1 2024. Concurrently, the firm significantly reduced its stake in Nvidia (NVDA), selling off a large portion of its holdings. Palantir's fundamentals have improved due to its pivot to AI, despite mixed Q1 results. The stock has risen 26% year-to-date.

Portfolio Pulse from Shanthi Rexaline

May 17, 2024 | 12:28 pm

DXC

DXC Technology shares are trading lower after the company issued weak guidance.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:26 pm

AMD

AMD shares are trading higher following a report suggesting Microsoft is planning to introduce AMD-powered AI chips.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:26 pm

AKAN

DOCS

DUO

DXC

Doximity, Inc. (NYSE:DOCS) shares surged 14% in pre-market trading after reporting better-than-expected Q4 financial results. The company posted a 6% YoY revenue increase to $118.1 million, beating estimates, and adjusted earnings of 25 cents per share, surpassing the 20 cents per share forecast. Doximity also provided strong Q1 revenue guidance. Other notable pre-market movers include Akanda Corp. (NASDAQ:AKAN), Fangdd Network Group Ltd. (NASDAQ:DUO), and DXC Technology Company (NYSE:DXC), among others.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:19 pm

GLOB

Globant S.A. (NYSE:GLOB) reported mixed Q1 results, missing EPS estimates but slightly beating revenue expectations. Following the results, several analysts cut their price targets while maintaining positive ratings. Globant's shares fell 0.3% to $177.73.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:19 pm

ARM

NVDA

QCOM

TSM

Qualcomm and Ampere Computing have partnered to launch an AI-focused server using Ampere's CPUs and Qualcomm's Cloud AI 100 Ultra AI inferencing chips. This collaboration aims to enhance AI inferencing capabilities and indirectly compete with Nvidia. Ampere also announced a new generation of CPUs with 256 cores, produced using TSMC's 3-nanometer process.

Portfolio Pulse from Anusuya Lahiri

May 17, 2024 | 12:16 pm

MATICUSD

Donald Trump's odds of winning the 2024 U.S. presidential election have increased to 51% according to the crypto prediction market Polymarket. The total wager amount for the election has more than doubled, indicating heightened interest and stakes. The evolving dynamics of the race are expected to impact the digital assets market.

Portfolio Pulse from Murtuza Merchant

May 17, 2024 | 12:15 pm

ROLL

RBC Bearings shares are trading lower after the company reported Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:14 pm

RBC

RBC Bearings (NYSE:RBC) reported Q4 2024 adjusted EPS of $2.47, beating the estimate of $2.36. Sales were $413.680 million, slightly above the $413.508 million estimate, and up 4.88% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:07 pm