Streetbeat News

Stock Prices

AAPL

AMZN

GOOG

META

MSFT

NTDOF

PLTR

SONY

TSLA

UBSFF

Last week in consumer tech saw Amazon's Q1 FY24 sales surpass expectations, Microsoft and Sony enhancing gaming offerings, Ubisoft and Nintendo announcing new game details, and Apple facing challenges with iPhone sales and AI advancements. Elon Musk criticized Meta and highlighted X's design overhaul. Palantir's CEO made controversial remarks, and the EU considered a TikTok ban. Amazon's AI business achieved a multibillion-dollar revenue rate, while Apple teased future AI developments.

Portfolio Pulse from Lekha Gupta

May 06, 2024 | 2:41 am

AMD

INTC

NVDA

NVIDIA Corp (NASDAQ:NVDA) is poised for its Q1 earnings release, with its AI technology, particularly the H100 GPU chip, seeing significant investment from tech giants like Tesla, Meta Platforms, Microsoft, and Alphabet. These companies are expanding their AI capabilities, with Meta purchasing 850,000 H100 GPUs and Microsoft planning to acquire 1.8 million GPUs. Amazon also anticipates increased capex, mainly for AWS's growth in generative AI. Nvidia's market dominance is highlighted by its expected revenue of over $100 billion, overshadowing competitors AMD and Intel. Despite mixed market sentiments, Nvidia's stock has seen substantial fluctuations but remains in a consolidation phase.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 2:19 am

BTCUSD

DOGEUSD

TSLA

Despite Bitcoin reaching $64,000, crypto analyst Ali Martinez suggests it remains in a 'prime buy zone' based on the MVRV 90-day Ratio. This analysis comes amid significant crypto market events, including Tesla's adoption of Dogecoin as a payment method and regulatory uncertainties. Bitcoin's price has seen a 45.42% increase year-to-date.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 1:59 am

CVS

SBUX

SWKS

Last week, several large-cap stocks experienced significant declines. CVS Health Corporation led the losses with an 18.2% drop after missing Q1 sales and EPS estimates and cutting FY24 guidance. Skyworks Solutions and Starbucks Corporation also saw notable declines of 16.8% and 15.2%, respectively, due to disappointing financial results and lowered analyst price targets. Other companies like Super Micro Computer, Bruker Corporation, Stellantis N.V., and DoorDash reported mixed financial results or revenue misses, contributing to their stock price decreases.

Portfolio Pulse from Lekha Gupta

May 06, 2024 | 12:48 am

APO

CVNA

NIO

PARAA

SONY

Large-cap stocks like Carvana, NIO, Paramount Global, and others showed significant gains during the last week amid earnings season, with many beating consensus estimates and receiving positive analyst forecasts.

Portfolio Pulse from Lekha Gupta

May 06, 2024 | 12:48 am

PRFT

Perficient, Inc. (NASDAQ:PRFT) is set to be acquired by an affiliate of BPEA Private Equity Fund VIII, part of EQT AB, in an all-cash transaction valued at approximately $3.0 billion. Stockholders of Perficient will receive $76.00 per share in cash, a 75% premium over the closing stock price on April 29, 2024, and a 51% premium to the 30-day volume-weighted average share price ending on that date.

Portfolio Pulse from Charles Gross

May 05, 2024 | 11:13 pm

AMGN

ARKG

Ark Invest, led by Cathie Wood, acquired $3.54M in Amgen shares after the biopharma company announced progress in its obesity drug pipeline. The purchase increased Amgen's weighting in the ARK Genomic Revolution ETF (ARKG) to 1.06%. Amgen's update included a focus on MariTide, an injectable obesity drug, with Phase 2 trial results expected in late 2024. The obesity drug market is valued at $100 billion. ARKG's stock rose 3.51% following the news.

Portfolio Pulse from Shanthi Rexaline

May 05, 2024 | 7:16 pm

BTCUSD

DOGEUSD

SOLUSD

The article discusses the reasons behind the growing fatigue among cryptocurrency investors, highlighting the emotional rollercoaster caused by the volatile crypto market. It mentions Tesla's adoption of Dogecoin (DOGE), the performance of Bitcoin (BTC), and the rise of meme coins like dogwifhat (WIF) and Solana (SOL). Despite the market's ups and downs, the article advises against giving up on crypto, citing long-term trends and offering tips from experienced traders on managing the emotional challenges of crypto investing.

Portfolio Pulse from Ivan Crnogatić

May 05, 2024 | 6:53 pm

NNE

PAL

SVCO

The upcoming week sees three companies, Silvaco Group, Inc (NASDAQ:SVCO), Proficient Auto Logistics, Inc (NASDAQ:PAL), and Nano Nuclear Energy Inc (NASDAQ:NNE), scheduled for their IPOs. Silvaco Group is set to offer 6 million shares at $18.00 each, Proficient Auto Logistics will offer 14.33 million shares at $15.00 each, and Nano Nuclear Energy will offer 3 million shares at $5.00 each. All companies have a 180-day insider lock-up period post-IPO.

Portfolio Pulse from Benzinga Insights

May 05, 2024 | 6:40 pm

HIMS

Hims & Hers Health Inc. (NYSE:HIMS) stock dropped 8% after CEO Andrew Dudum expressed support for pro-Palestinian protesters, causing controversy. The stock slightly recovered by 0.89% in after-hours trading. Dudum's comments on X (formerly Twitter) have drawn criticism from notable figures. Prior to this, the company had bullish investor sentiment and a positive analyst outlook, but this incident could affect future projections.

Portfolio Pulse from Bibhu Pattnaik

May 05, 2024 | 3:01 pm