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Microsoft Corp is developing a new AI language model, MAI-1, to compete with Alphabet Inc's Google and OpenAI. Led by Mustafa Suleyman, this model aims to surpass Microsoft's previous models in size and capability. Microsoft's recent AI advancements, including the Phi-3-mini model, have positioned it as a leader in generative AI. The MAI-1 model, expected to be unveiled at the Build developer conference, could have significant implications for Microsoft's AI strategy. Microsoft stock has seen a 33% increase over the past 12 months, with exposure available through ETFs like XLK and IYW.

Portfolio Pulse from Shivani Kumaresan

May 06, 2024 | 6:34 pm

CLLS

Cellectis shares are trading higher following the announcement of the completion of an additional equity investment by AstraZeneca.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 6:34 pm

SGE

Strong Global Entertainment, Inc. (AMEX:SGE) shares surged after announcing the acquisition of Strong/MDI Screen Systems, Inc. by FG Acquisition Corp. Post-acquisition, the company will be renamed Saltire Holdings, Ltd., aiming to grow a portfolio of profitable private equity investments. The move is seen as an opportunity for Strong Global to unlock the value of its investment in MDI and participate in Saltire's future growth. SGE's trading volume significantly exceeded its 100-day average following the news.

Portfolio Pulse from Erica Kollmann

May 06, 2024 | 6:30 pm

FI

Fiserv (NYSE:FI) has delivered an average annual return of 14.85% over the past 20 years, turning a $1000 investment into $16,039.54 today. With a current market capitalization of $87.82 billion, Fiserv's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 6:30 pm

ADP

Automatic Data Processing (NASDAQ:ADP) has delivered an average annual return of 13.33% over the past 10 years, outperforming the market by 2.84% annually. With a current market capitalization of $99.00 billion, a $100 investment in ADP 10 years ago would be worth $349.70 today. This showcases the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 6:30 pm

KAVL

Kaival Brands Innovations Group's shares are trading lower after Nasdaq reported the company failed to hold its annual meeting to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 6:28 pm

RDDT

Reddit Inc (NYSE:RDDT) is set to report its Q1 earnings with analysts expecting a strong performance. Wall Street predicts -$8.71 EPS and $212.83 million in revenues. This marks Reddit's first earnings report since its NYSE debut. Analysts from Bank of America and JMP have provided insights, expecting strong advertising revenue and user engagement trends. The consensus analyst rating is a Buy with a target price of $49.86. Reddit's stock was trading at $49.25 at the time of publication.

Portfolio Pulse from Surbhi Jain

May 06, 2024 | 6:20 pm

LPTV

Loop Media shares are trading lower following the announcement of disappointing Q2 financial results and a decline in Q2 quarterly active loop players year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 6:18 pm

PSEC

Prospect Capital's (NYSE:PSEC) short interest has increased to 23.36 million shares, or 7.67% of float, indicating a rise of 6.23% since the last report. This level of short interest suggests a bearish market sentiment towards PSEC, with a short interest ratio of 10.56 days. Compared to its peers, PSEC has a higher short interest percentage of float, with the average being 2.81%.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 6:15 pm

DLTR

Dollar Tree's (NYSE:DLTR) short interest has decreased by 16.14% since the last report, with 4.79 million shares sold short, representing 2.65% of its float. This decline in short interest could indicate a more bullish sentiment among investors towards DLTR, despite the short interest being lower than the peer group average of 3.33%.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 6:15 pm