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AAPL

Wall Street anticipates challenging Q2 earnings for Apple, Inc. (AAPL) due to softness in China, competition from Huawei, and a tepid iPhone 15 cycle. However, Wedbush analyst Daniel Ives remains optimistic, citing reasons like potential growth from an AI-driven iPhone 16, strong Services segment performance, and a robust installed base. Ives maintains an Outperform rating with a $250 price target, expecting a turnaround in growth and emphasizing the importance of Apple's AI strategy and upcoming product cycles.

Portfolio Pulse from Shanthi Rexaline

May 01, 2024 | 5:15 am

AMD

NVDA

AMD's CEO Lisa Su claimed the company's MI300X GPUs outperform NVIDIA's H100 GPUs in inferencing performance and total cost of ownership, potentially reducing capex by up to 50% and annual opex by over 40%. Despite a modest beat and lukewarm guidance in Q1 earnings, these remarks could boost investor confidence in AMD's AI hardware. AMD's stock saw a 6.91% decrease in after-hours trading but has increased 14.29% YTD.

Portfolio Pulse from Kaustubh Bagalkote

May 01, 2024 | 3:44 am

AMD

BYDDY

PLTR

Cathie Wood's Ark Invest made notable trades by purchasing shares of BYD Co Ltd (BYDDY), Palantir Technologies Inc (PLTR), and Advanced Micro Devices Inc (AMD) through its ARK Autonomous Technology & Robotics ETF (ARKQ). The investment in BYDDY, a Tesla rival, and the continued accumulation of PLTR shares, alongside a new acquisition of AMD stock, reflect Ark Invest's strategic positioning in the technology and electric vehicle sectors.

Portfolio Pulse from Shivdeep Dhaliwal

May 01, 2024 | 3:26 am

AMZN

During Amazon's Q1 2024 earnings call, CEO Andy Jassy introduced the AI chatbot 'Q', designed to help developers transition from Microsoft Windows to Linux, highlighting its capabilities in code generation, testing, debugging, and transformation. Jassy emphasized 'Q's role in modernizing software development, including converting dotNET code for Linux use. Despite its innovative features, 'Q' faced early criticism for producing incorrect outputs. Amazon reported a 13% year-over-year increase in net sales, beating consensus estimates.

Portfolio Pulse from Ananya Gairola

May 01, 2024 | 3:17 am

BTCUSD

ETHUSD

Crypto analyst Micahël van de Poppe predicts a potential dip in Bitcoin's price to $55,000-$58,000 before a rebound, ahead of the FOMC meeting. The prediction is based on current market trends and the anticipation of an Ethereum ETF hype in May. The market has been in a slow decline, with significant interest in how the FOMC meeting will impact cryptocurrency prices. Bitcoin and Ethereum have seen year-to-date increases of 35.22% and 26.54%, respectively, despite recent declines.

Portfolio Pulse from Benzinga Neuro

May 01, 2024 | 3:04 am

AMD

AMZN

SBUX

SMCI

TSLA

On Tuesday, major U.S. stock indexes closed lower, with notable movements in shares of Amazon, AMD, Super Micro Computer, Starbucks, and Tesla. Amazon reported a 13% increase in Q1 net sales, beating estimates. AMD's shares fell after lukewarm Q2 revenue guidance despite Q1 results beating expectations. Super Micro's shares dropped after Q3 earnings beat estimates but sales missed expectations. Starbucks reported a 2% decrease in Q2 revenue and a decline in comparable store sales. Tesla shares fell after a previous rally, following progress on its full self-driving technology in China.

Portfolio Pulse from Benzinga Neuro

May 01, 2024 | 2:59 am

TSLA

Elon Musk unfollowed Tesla investor Sawyer Merritt on X (formerly Twitter) due to an alleged breach of confidentiality involving leaks of confidential Tesla information. The incident has sparked discussions among users on X, with some defending Merritt's actions. Despite the unfollowing, there's no indication of a significant rift between Musk and Merritt, but it raises questions about handling confidential Tesla information.

Portfolio Pulse from Ananya Gairola

May 01, 2024 | 2:32 am

BNBUSD

BTCUSD

Martin Shkreli, known as 'Pharma Bro,' teased Binance co-founder Changpeng Zhao on social media about prison life, following Zhao's sentencing to four months in prison for failing to establish an effective anti-money laundering program at Binance. Shkreli, who was released from prison in 2022, has been known for sharing prison life advice. Zhao's legal issues and his recent sentencing have raised concerns in the cryptocurrency industry, especially as Binance secured a regulatory license in Dubai shortly after Zhao surrendered his voting power in the company. BNB and BTC prices have seen declines in the last 24 hours.

Portfolio Pulse from Benzinga Neuro

May 01, 2024 | 2:14 am

AMZN

Amazon.com Inc's CEO Andy Jassy remains optimistic about the future of Amazon Web Services (AWS), highlighting its potential for growth despite the current $100 billion-plus annualized revenue. Jassy emphasized the significant opportunity presented by the shift towards cloud-based gen AI, expecting this to drive a 'meaningful' increase in capital expenditures in 2024 due to high demand. AWS's innovation continues with new services like Deadline Cloud, despite recent workforce reductions aimed at streamlining operations. Amazon's Q1 net sales reached $143.3 billion, a 13% increase year-over-year, beating estimates.

Portfolio Pulse from Ananya Gairola

May 01, 2024 | 1:45 am

RCON

Trading for RCON was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:50 pm