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A trader converted $681,000 into $6.77 million in three hours using Satoshi Virtual Machine ($SAVM), a new Bitcoin scaling solution. The trader used Banana Gun, a Telegram bot, and paid a bribe fee of 141.66 ETH ($353,000) to secure the first trade. The trader has sold 2.16M $SAVM tokens for $4.38 million so far. Satoshi Virtual Machine aims to scale Bitcoin and enable interactions similar to Ethereum, capitalizing on the Bitcoin Ordinals hype.

Portfolio Pulse from Ivan Crnogatić

January 19, 2024 | 5:19 pm

CPNG

Coupang Inc. (NYSE:CPNG) saw a 0.80% increase in its stock price to $15.03 in the current market session. Despite this, the stock has declined by 8.30% over the past month and 10.93% over the past year. The P/E ratio of Coupang is 62.12, which is higher than the Broadline Retail industry's aggregate P/E ratio of 28.22, suggesting that the stock might be overvalued or that investors expect better future performance.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:15 pm

SPT

Stifel analyst Parker Lane has maintained a Buy rating on Sprout Social (NASDAQ:SPT) and increased the price target from $60 to $70.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:14 pm

MSFT

NVDA

Sam Altman, prior to his ouster from OpenAI, was seeking to raise billions for a new AI chip venture, code-named Tigris, to compete with Nvidia Corp. He aimed to create semiconductors for AI tasks and had discussions with investors like SoftBank, Saudi Arabia's PIF, and Mubadala. Altman also planned an AI hardware device with Jony Ive. OpenAI is finalizing a tender offer at an $86 billion valuation. Altman's departure was due to a breakdown in communication with the board, not financial or safety issues. His new venture would focus on TPUs to lower costs for services like ChatGPT and Dall-E. US regulators may scrutinize foreign investments. Microsoft, OpenAI's biggest investor, is interested in backing Altman's chip venture.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:13 pm

PLNT

Stifel analyst Chris O'Cull has reaffirmed a Buy rating on Planet Fitness (NYSE:PLNT) and increased the price target from $72 to $85, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:10 pm

TGT

Target Corp (NYSE:TGT) has experienced a Golden Cross, a bullish technical indicator, as its 50-day SMA crossed over its 200-day SMA. The company, known for its dividend history and growth, has received positive analyst ratings from Morgan Stanley and Wells Fargo, with price targets raised to $165 and $155 respectively. Despite financial concerns, Target's long-term growth potential is supported by its dividend history, reasonable forward P/E ratio, and strategic initiatives.

Portfolio Pulse from Surbhi Jain

January 19, 2024 | 5:05 pm

AMD

TSM

AMD stock reached a new all-time high, trading up 2.2% to $166.16 after Raymond James maintained a Strong Buy and increased its price target from $140 to $190. The rise in AMD shares is partly due to strong Q4 financial results from Taiwan Semiconductor Mfg. Co. Ltd. (TSMC), which reported higher than expected revenue and EPS, and also due to Supermicro's announcement of exceeding its Q2 financial guidance. TSMC's revenue was $19.62 billion with an EPS of $1.44, both surpassing consensus estimates.

Portfolio Pulse from Henry Khederian

January 19, 2024 | 5:04 pm

FAST

Stifel analyst Michael Hoffman has reaffirmed a Buy rating on Fastenal (NASDAQ:FAST) and increased the price target from $69 to $75, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:04 pm

AMZN

On CNBC, Stephanie Link announced that she has increased her investment in Amazon.com (AMZN).

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:03 pm

META

On CNBC, Stephanie Link announced that she has sold her position in Meta Platforms.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:02 pm