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FCOM

GOOG

GOOGL

VOX

Alphabet Inc (GOOG, GOOGL) is contesting Epic Games' proposed changes to the Play Store's operations amid an antitrust dispute. Epic's suggestions aim to open up app downloads and in-app transaction flexibility, which Google argues could harm consumer privacy and security. A jury previously sided with Epic, finding Google's practices anti-competitive. Google also highlights a recent settlement offering alternative billing options, questioning the need for Epic's injunction. The case's next hearing is scheduled for May 23. Meanwhile, Alphabet's growth is supported by its advancements in AI, cloud, and advertising, with analysts recommending Alphabet stocks trade at a premium.

Portfolio Pulse from Anusuya Lahiri

May 03, 2024 | 12:59 pm

XPO

XPO, Inc. (NYSE:XPO) shares surged in premarket trading after reporting a strong first-quarter FY24 performance, with a 5.8% Y/Y revenue growth to $2.02 billion, surpassing the consensus of $2.01 billion. The company's operating income and adjusted EPS significantly increased, with notable improvements in the North American LTL segment and European Transportation. XPO also reported a robust cash flow and has a positive outlook on its LTL 2.0 plan.

Portfolio Pulse from Lekha Gupta

May 03, 2024 | 12:58 pm

NVDA

QCOM

Nvidia Corporation (NASDAQ:NVDA) shares rose following strong results from Qualcomm and positive semiconductor industry news. Nvidia is set to discuss Q1 fiscal year 2025 earnings, with expectations of $5.55 EPS on $24.49 billion revenue. The article also explores how to earn monthly income from Nvidia's dividends, requiring substantial investment for significant returns. Nvidia's stock gained 3.3% closing at $858.17.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 12:56 pm

AEZS

Trading for AEZS was halted and then resumed at 8:55 AM ET, with updates on quotation resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 12:55 pm

GOOG

NVDA

SMH

Nvidia Corp has launched a script to simplify GeForce Now setup on Steam Deck, enhancing cloud gaming experience. The script installs Chrome and configures it for gamepad use, requiring some manual adjustments for optimization. Nvidia also upgraded its AI chatbot ChatRTX with AI models from Alphabet Inc's Google and OpenAI, highlighting Nvidia's dominance in the AI and accelerator markets. Nvidia's stock has seen a significant increase, with options for investment through VanEck Semiconductor ETF and Meet Kevin Pricing Power ETF.

Portfolio Pulse from Anusuya Lahiri

May 03, 2024 | 12:52 pm

FSRN

MGA

Magna International, Inc. (NYSE:MGA) shares dropped in premarket trading after Q1 results showed a miss on earnings expectations and included $316 million in charges related to Fisker Inc. (OTC:FSRN). Despite lower volumes and currency challenges, revenue exceeded forecasts, and sales grew 3% year over year. The company also adjusted its 2024 sales and net income outlook downwards. A dividend of $0.475 per share was declared.

Portfolio Pulse from Nabaparna Bhattacharya

May 03, 2024 | 12:48 pm

TILE

Interface shares surged following the announcement of their Q1 financial results, which exceeded expectations. The company also provided optimistic Q2 net sales guidance and increased its FY24 net sales forecast.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 12:46 pm

BHP

GLCNF

HBM

NGLOY

Anglo American (OTCQX:NGLOY) is potentially facing a bidding war as Glencore (OTCPK:GLCNF) considers making an offer after BHP (NYSE:BHP) had its $39-billion bid rejected. Discussions within Glencore are still preliminary. BHP is considering an improved offer and has sent executives to South Africa to discuss its proposal, focusing on divesting Anglo's South African assets. The situation is complicated by Glencore's ongoing acquisition of Teck's coal assets and the complex political landscape in South Africa. Copper assets, like those owned by Anglo American in Chile and Peru, are seeing increased valuation due to their importance in clean energy technologies.

Portfolio Pulse from Stjepan Kalinic

May 03, 2024 | 12:43 pm

FIVN

Five9 shares surged following the announcement of its Q1 financial results, which exceeded expectations. Additionally, the company increased its forecast for FY24 adjusted EPS.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 12:43 pm

AAPL

ARDX

SPT

Sprout Social's shares plummeted by 32% due to disappointing Q1 revenue and multiple analyst downgrades. Apple's stock rose by 8% following robust Q2 earnings, a dividend increase, and an additional $110 billion repurchase authorization. Ardelyx experienced a 31% surge in its shares after reporting better-than-expected Q1 financial results.

Portfolio Pulse from ryanfaloona@benzinga.com

May 03, 2024 | 12:42 pm