MONTREAL, April 25, 2024 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; “BRW” or the “Company”) is pleased to report the first assays from the Mirage winter drilling campaign where it drilled an additional thirty-five holes. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec approximately 40 kilometres south from the Trans-Taiga Road. The winter drill campaign focused on the Central Zone and has continued to intersect multiple wide, well mineralized intervals on the MR-6 dyke and its vicinity where it remains open in all directions.

*C$52.5/t NSR open pit and C$96.0/t NSR underground cut-offs applied in current 2024 mineral resource estimate whereas a C$30.0/t NSR open pit and C$90.0/t NSR underground cut-offs were applied in the 2020 mineral resource estimate.

The introduction of Intel’s (NASDAQ:INTC) newest artificial intelligence chip, Gaudi 3, is projected to benefit three global semiconductor companies significantly. What Happened: According to Morgan Stanley, TSMC (NYSE:TSM), Alchip (OTC:ALCPF) and Wistron (OTC:WICOF) stand to gain the most from the demand for Intel’s latest AI chip, CNBC reported on Tuesday. The financial institution anticipates that Intel’s supply issues will be resolved in the second half of 2024, leading to a surge in confirmed sales. TSMC will be responsible for the fabrication of Gaudi 3 chips using its latest-generation 5-nanometer process. Alchip is expected to provide design services for both Gaudi 2 and Gaudi 3, while Wistron is predicted to be the primary baseboard supplier. Charlie Chan and his team at Morgan Stanley forecast that the total Gaudi shipment volume could hit 300-400k units in 2025, generating $2-3bn revenue for Intel. The investment bank also reiterated its overweight rating on Alchip and TSMC, considering ...Full story available on Benzinga.com

The introduction of Intel’s (NASDAQ:INTC) newest artificial intelligence chip, Gaudi 3, is projected to benefit three global semiconductor companies significantly. What Happened: According to Morgan Stanley, TSMC (NYSE:TSM), Alchip (OTC:ALCPF) and Wistron (OTC:WICOF) stand to gain the most from the demand for Intel’s latest AI chip, CNBC reported on Tuesday. The financial institution anticipates that Intel’s supply issues will be resolved in the second half of 2024, leading to a surge in confirmed sales. TSMC will be responsible for the fabrication of Gaudi 3 chips using its latest-generation 5-nanometer process. Alchip is expected to provide design services for both Gaudi 2 and Gaudi 3, while Wistron is predicted to be the primary baseboard supplier. Charlie Chan and his team at Morgan Stanley forecast that the total Gaudi shipment volume could hit 300-400k units in 2025, generating $2-3bn revenue for Intel. The investment bank also reiterated its overweight rating on Alchip and TSMC, considering ...Full story available on Benzinga.com

TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) is pleased to announce assay results from 7 drill holes representing 2,538 metres (“m”) of diamond drilling from the 2023-2024 resource expansion program at the Wawa Gold Project. Since the resource expansion drilling program began in 2021, Red Pine has now drilled approximately 66,100 m of the targeted program of up to 70,000 meters. Of these holes, approximately 57,000 m have now been reported.

Cerro de Pasco Resources Provides Update: easement, financing, partial debt settlement agreement, amendments of warrants

MONTRÉAL, 23 avr. 2024 (GLOBE NEWSWIRE) -- Ressources Cerro de Pasco Inc. (CSE : CDPR) (OTCPK : GPPRF) (Frankfurt : N8HP) (« CDPR » ou la « Société ») fournit la mise à jour suivante.

BofA Securities analyst Justin Post reiterated a Buy rating on Meta Platforms Inc (NASDAQ:META) with a price target of $550. The analyst marginally increased his first-quarter estimates for positive ad checks and Easter benefits but lowered second-quarter and 2024 estimates for recent U.S. dollar depreciation.  Post estimates first-quarter revenue of $36.4 billion (up 27% Y/Y) above Street at $36.2 billion.  Also Read: Google’s DeepMind to Lead Unified AI Charge as Company Seeks to Outpace Microsoft He expects ad revenue to grow 26% year over year to $35.5 billion (vs. the Street at $35.4 billion), with 2 points of Q/Q acceleration.  Post estimates EBITDA at $20.9 billion and EPS at $4.48, above Street at $20.3 billion and $4.33, respectively.  For users, Sensor Tower suggests healthy Instagram users & time spent (though Facebook time ...Full story available on Benzinga.com

Stocks surged higher on Thursday, with the S&P 500 index aiming to snap a four-day losing streak as investors assess the latest wave of corporate earnings. During midday trading in New York, all major indices were in the green. Notably, small caps, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), outperformed, posting a 1% increase. Industry-wise, airline stocks continued their upward momentum, with the U.S. Global Jets ETF (NYSE:JETS) climbing 2.7%, building on Wednesday’s 3.9% surge. Tesla Inc. (NASDAQ:TSLA) had another lackluster session, declining over 3% and on track for its lowest close since January 2023. This decline followed Deutsche Bank’s downgrade of the EV-maker from Buy to Hold, citing concerns over the strategic pivot to autonomous vehicles. On the data front, the Philadelphia Fed Manufacturing Index posted ...Full story available on Benzinga.com

TORONTO, April 18, 2024 (GLOBE NEWSWIRE) -- Class 1 Nickel and Technologies Ltd. (CSE: NICO | OTCQB: NICLF) ("Class 1 Nickel" or the "Company") is pleased to announce that Caracle Creek Chile SpA (“Caracle”) and their strategic partner Atticus Geoscience Consulting Ltd. (“Atticus”) (together the “Consultants”) have completed the first stage of a comprehensive independent review of both the Alexo-Dundonald and Somanike nickel projects. Work is near-complete on the delivery of an updated Mineral Resource Estimate (“MRE”) for the Alexo South Nickel Deposit, one of 4 nickel deposits on the Alexo-Dundonald Project (the “Project”), located about 45 km northeast of the City of Timmins, Ontario and covering approximately 1,895 hectares (18.95 km2). Updates to the other 3 nickel mineral resources contained within the Project will be completed over the coming months.

RIMOUSKI, Québec, April 18, 2024 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is thrilled to announce that its scout drilling has not only confirmed but significantly extended to the corridor that has been shown to host gold mineralization at its 100%-owned Williams Brook Gold Project in Northern New Brunswick, spanning an impressive 4 km. This significant milestone highlights the project's promising progress.

MONTREAL, April 18, 2024 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ) (OTCQB: HPQFF) (FRA: O08), a technology company specializing in green engineering of silica and silicon-based materials is pleased to announce continued milestones achieved by its France-based affiliate, NOVACIUM SAS ("Novacium"). This announcement highlights the promising results from ongoing cycle testing of 'industry standard' 18650 industrial batteries, notably at the 125-cycle mark. Additionally, it introduces the massive market opportunity for HPQ associated with advanced silicon-based anodes material manufacturing.

Intervalles minéralisés exceptionnels en spodumène atteignant 148,65 m dans une enveloppe de 166,1 m d’épaisseur (forage GAL24-025) Intervalles minéralisés exceptionnels en spodumène atteignant 148,65 m dans une enveloppe de 166,1 m d’épaisseur (forage GAL24-025)

Outstanding spodumene-bearing intervals reaching 148.65 metres within a 166.1-metre-wide envelope in Hole GAL24-025 Outstanding spodumene-bearing intervals reaching 148.65 metres within a 166.1-metre-wide envelope in Hole GAL24-025

VANCOUVER, British Columbia, April 18, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

VANCOUVER, British Columbia, April 17, 2024 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime” or the “Company”) (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: 04V3) is reporting generative drilling results from the Company’s Los Reyes Project (the “Project”), located in Sinaloa State, Mexico. These results are from 2024 drilling at the Las Primas generative target and are not included in the Company’s May 2, 2023 Mineral Resource Estimate (“MRE”).

Stallion Uranium Drilling Continues to Hit Anomalous Radioactivity

Tuesday, Oppenheimer upgraded Avalo Therapeutics Inc (NASDAQ:AVTX), noting that its AVTX-009 is a promising drug candidate and looks forward to a Phase 2 topline data in 2026 in hidradenitis suppurativa (HS) and additional updates. In March, Avalo Therapeutics announced the acquisition of a Phase 2-ready anti-IL-1β mAb, which it refers to as AVTX-009, originally developed by Eli Lilly And Co (NYSE:LLY). Avalo announced a private placement of $185 million in gross proceeds, including an initial gross upfront investment of $115.6 million. Oppenheimer says that the company is preparing to advance ‘009 for Phase 2 development in hidradenitis suppurativa (HS), showing confidence in its potential. While topline data won’t be available until 2026, there’s consideration to also ...Full story available on Benzinga.com

VANCOUVER, British Columbia, April 16, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF) (“Solaris” or the “Company”) is pleased to announce that it has received approval to list its common shares on the NYSE American LLC (“NYSE American”) with trading expected to commence on Friday, April 19, 2024 under the symbol “SLSR”. The Company will remain listed on the Toronto Stock Exchange under the symbol “SLS”.

LONGUEUIL, Québec, 16 avr. 2024 (GLOBE NEWSWIRE) -- Exploration Azimut Inc. (« Azimut » ou « la Société ») (TSXV:AZM) (OTCQX:AZMTF) annonce qu’une nouvelle phase de forages au diamant va débuter sur la Propriété Elmer, détenue à 100% par la Société. Le projet est localisé dans la région Eeyou Istchee Baie James au Québec, Canada. Ce programme d’une longueur minimale de 3000 m commencera au début de l’été après le Goose Break Holiday, une période de chasse traditionnelle des Premières Nations.

LONGUEUIL, Quebec, April 16, 2024 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to announce a new diamond drilling phase on its 100% owned Elmer Property in the Eeyou Istchee James Bay region of Quebec, Canada. The minimum 3,000-metre program will begin early this summer after the Goose Break Holiday, a traditional First Nations hunting period.

Friday, Agenus Inc (NASDAQ:AGEN) released updated results from its Phase 1 clinical trial of botensilimab and balstilimab (BOT/BAL) combination therapy for metastatic colorectal cancer (CRC) that is not microsatellite instability-high (MSS) or deficient mismatch repair (dMMR).  These findings build upon the compelling clinical activity demonstrated by BOT/BAL across nine different cancer types in Agenus’ broad clinical development program. In the Phase 1 trial of 77 patients with refractory MSS-CRC without active liver metastases, a 23% overall response rate (ORR) was observed after a median follow up of 13.6 months at the data cutoff of March 1, 2024.  The median duration of response in 18 responders has not yet been reached. The estimated 12-month and 18-month overall survival (OS) rates were 71% and 62%, respectively. The median OS was 21.2 months. The Phase 2 trial has completed enrollment and the ...Full story available on Benzinga.com

RBC Capital analyst Rishi Jaluria reiterated Salesforce Inc (NYSE:CRM) with an Outperform and raised the price target from $325 to $350. The analyst hosted investor meetings with Valmik Desai, Director of Investor Relations, and Brooke Bakewell, Senior Manager of Investor Relations, which focused on Generative Artificial Intelligence, Data Cloud, margins, and macro. Jaluria noted that customers are enthusiastic about generative AI and, in many cases, are turning to Salesforce to help with their AI strategies.  Also Read: Salesforce Spends $20M on Einstein Image Rights, Securing AI Brand Dominance and Guinness Record That said, with Copilot in public beta and no release date set yet, it will likely take time before GenAI conversations translate into meaningful revenue (fiscal 2025 guidance assumes no GenAI contribution).  The analyst noted that the company believes it is well-positioned to benefit from AI because Salesforce, especially Sales/Service Cloud, serves as a control plane where people spend the vast majority of their day and a store for the majority of customer-centric data.  Salesforce’s first signs of ...Full story available on Benzinga.com

Keybanc analyst Justin Patterson maintained Spotify Technology SA (NYSE:SPOT) with an Overweight rating and raised the price target from $300 to $350. Spotify will report its first-quarter fiscal 2024 results before the market opens on April 23. Patterson refined his estimates and framed vital factors to watch.  The analyst now expects 2024 revenue of €15.4 billion and 2025 revenue of €18.0 billion, which reflects slightly higher ARPU growth. His 2024 operating profit decreases by 20% due to social charges, while 2025 increases by 2% due to higher revenue.  Finally, Patterson introduced 2026 revenue of €20.6 billion and an operating profit of €2.2 billion, which assumes 14% revenue growth, 29.9% ...Full story available on Benzinga.com

Technology giant Apple Inc (NASDAQ:AAPL) is set to report second-quarter financial results after market close on May 2, 2024, with investors and analysts ready to hear more about several catalysts, including question marks over demand in China. A leading analyst previewed the second quarter earnings with several catalysts that could lead to a strong second half of fiscal 2024. The Apple Analyst: Goldman Sachs analyst Michael Ng had a Buy rating on Apple and lowered the price target from $232 to $226. Related Link: Apple Q1 Earnings Beat Estimates As Cupertino Snaps 4-Quarter Revenue Decline Streak; Stock Slides On China Weakness The Analyst Takeaways: Second-quarter iPhone revenue could decline 11% year-over-year to $45.9 billion, according to estimates from the analyst. "The overall industry environment for smartphones and PCS is improving, which should be supportive for AAPL product sales in C2024/25 (calendar years 2024, 2025)," Ng ...Full story available on Benzinga.com

Needham analyst Quinn Bolton reiterated a Buy rating on Marvell Technology Inc (NASDAQ:MRVL) with a price target of $95. On Thursday, Marvell hosted its Accelerated Infrastructure for the AI Era Event, at which it laid out its Data Center expectations and growth drivers. Growth opportunities include custom computing, cloud optics, AEC DSPs, silicon photonics (SiPho), and Ethernet switching.  Marvell’s key announcements included the company’s third North American hyperscaler customer for custom silicon, likely to generate more revenue than its first two hyperscaler customers combined, expectations for AI revenue to exceed $1.5 billion and $2.5 billion in fiscal 2025 and fiscal 2026, respectively, and an updated Data Center TAM that will exceed $75 billion in 2028 with Marvell’s goal to secure 20% share of this TAM long-term. Also Read: Marvell Technology Poised To Expand Leadership In AI Chip Market, Analyst Sees Market Potential Worth Billions Should the company achieve ...Full story available on Benzinga.com

The U.S. has accumulated a huge pile of debt, and this has raised an alarm among economists and the American public alike. Tesla CEO Elon Musk on Friday suggested a quick fix for the problem. What Happened: A X platform user shared the U.S. debt clock, which showed a staggering $34.65 trillion in outstanding dues owed by the U.S. government. “This can't be fixed. It's over,” the user captioned the post. Responding to the post, another user shared a reflective question: “Is there no turning back?” This can't be fixed. It's over. pic.twitter.com/25BfI9JbSR — Rothmus 🏴 (@Rothmus) April 12, 2024 Musk, who has previously commented on the precarious fiscal position of the U.S. joined in and said, “AI will solve this (slight chance of killing us).” Full story available on Benzinga.com

Investors in the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) are grappling with unexpected challenges as inflation heats up, sending shockwaves through the bond market. iShares 20+ Year Treasury Bond ETF, once among the most favored bond funds of 2023, has seen a dramatic reversal of fortune, plunging to fresh lows in 2024 following a string of hotter-than-anticipated inflation data releases. Inflation Fears Spark Sell-Off In TLT iShares 20+ Year Treasury Bond ETF, like many bond funds, witnessed a sharp decline after the release of March’s Consumer Price Index, which surpassed expectations. The interest rate-sensitive ETF dropped 1.3%, contributing to its year-to-date decline, now standing at 9.17%. This marked a stark contrast to its performance last year when it garnered significant investor interest, attracting a staggering $24.8 billion in inflows, the most of any fixed-income ETF. Also Read: Producer Inflation ...Full story available on Benzinga.com

Two of America's biggest companies, which have made "massive" bets on China, Tesla Inc. (NASDAQ:TSLA) and Apple Inc. (NASDAQ:AAPL), cannot abandon the country just because they're undergoing a "white-knuckle" period, says top analyst Dan Ives. What Happened: Tesla and Apple are both currently experiencing the impact of an economic slowdown in China and growing competition from local players like Warren Buffett-backed BYD Company Ltd. and Huawei Technologies. "China is the heart and lungs of Tesla's growth story. That's 35% to 40% demand that's [coming] from China," Ives said in an interview with Hankyung Global Market. While Tesla has seen a sliver of hope when it comes to sales of its vehicles made in China, Apple's sales in the country fell 33% year-on-year in February. Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox. Apple, in particular, has been a victim of a larger geopolitical ...Full story available on Benzinga.com

Nvidia Corp. (NASDAQ:NVDA) has pulled back from record high levels in recent sessions and yet has been a standout among stocks. An analyst on Thursday compared the stock with an American collegiate basketball legend. What Happened: “Nvidia is the Caitlin Clark of the stock market,” said Charlie Bilello, Creative Planning’s Chief Market Strategist. The comparison came in the wake of Creative Planning‘s CEO Peter Mallouk sharing a chart comparing the points scored and assists by Clark and 9,718 Division 1 college hoops players this season. The star basketball’s performance was a cut above the rest, going by the plotting. “That green dot in the far upper right corner is Caitlin Clark,” Mallouk said. Bilello drew a parallel between Nvidia and Clark by plotting the past 10-year stock performances and earnings ...Full story available on Benzinga.com

Amidst the burgeoning landscape of Artificial Intelligence (AI) investments, Hewlett Packard Enterprise Co (NYSE:HPE) stands out as a poised player, leveraging its broad-based portfolio and strategic partnerships to capitalize on emerging opportunities. Recently, insights gleaned from a management meeting by JPMorgan shed light on Hewlett Packard’s strategic positioning within the AI sector, setting the stage for potential growth. Hewlett Packard – Well Positioned To Leverage The Upcoming AI Cycle Samik Chatterjee, CFA, at JPMorgan, highlighted Hewlett Packard Enterprise’s (HPE) strategic positioning within the AI investment landscape. Chatterjee notes that AI investment, currently in its early stages, is primarily driven by Hyperscalers. However, he underscored Hewlett Packard’s potential to leverage this trend, particularly with anticipated investments from sovereigns, and governments. “HPE expects its strong relationship with the Governments around the globe to position it favorably to benefit from the investment cycle,” Chatterjee wrote. Hewlett Packard’s proprietary liquid cooling technology as a significant differentiator, providing the company with a competitive advantage in the infrastructure market. Moreover, he suggested that the company’s GreenLake offering could further incentivize on-premise AI investments, aligning with the expected preference of ...Full story available on Benzinga.com

Wedbush's Dan Ives believes that Apple Inc.'s (NASDAQ:AAPL) installed user base of over 2 billion is the "best" in the world as far as its AI opportunity is concerned. What Happened: Ives thinks Apple's upcoming Worldwide Developers Conference (WWDC) in June will be a "key moment" for Cupertino. Ives thinks Apple will unveil a "key part" of its AI strategy at WWDC. "I believe [it] ultimately goes to an AI App Store… which is going to be… developers, they're going to build apps," Ives said in an interview with Hankyung Global Market, adding that the services category is going to be a "huge opportunity" for Apple. See Also: Can Gemini Read All Harry Potter Books At Once? Former Google Employee ‘Tried It’ And Here’s What Happened Next Although Apple has been slow to adopt AI in its portfolio of devices and services, unlike its rivals Alphabet Inc.'s Google and Microsoft Corp., Ives believes Cupertino will take that leap with the iPhone 16 that ...Full story available on Benzinga.com

Morgan Stanley analyst Adam Jonas on Thursday reiterated his positive outlook for EV giant Tesla (NASDAQ:TSLA) despite increased earnings pressure and forecasts of increased volatility in the near term. What Happened: Jonas expects heightened volatility for Tesla stock in the next six months, owing to earnings pressure and the transition from an auto company to an AI and robotics company. The analyst, however, continues to be positive long-term, owing to its increasing compute, energy storage business, and upcoming robotaxi unveiling event. Tesla recently announced that its cars have driven one billion miles with the help of its full self-driving (FSD) software. Jonas sees this increasing to 400 billion miles per year or over 1 billion miles per day by 2030, offering Tesla a monumental dataset for machine learning and subsequently improving its attempts at autonomous driving. Tesla’s energy storage segment will give it an edge in growing its ...Full story available on Benzinga.com

CNBC’s “Mad Money” host Jim Cramer has given a thumbs up to Palantir Technologies Inc. (NYSE:PLTR), sparking interest among investors. What Happened: Cramer advised viewers to consider purchasing stock in Palantir on Thursday’s episode of CNBC’s Lightning Round. The data analytics company has been a topic of discussion among investors seeking potential growth opportunities. “Make a move and buy some,” he said. Cramer’s recommendation comes as Palantir’s stock has seen varying levels of performance in the market. His endorsement is a notable mention for investors who follow his insights for investment strategies. See Also: Trump Media Execs Take Home Windfall Whilst Share Price Halved Why It Matters: Palantir, known for its specialized data analysis software used by government agencies and large corporations, has been under investors’ radar for its growth potential and innovative technology solutions. Palantir has recently secured a substantial contract with the U.S. Army valued at $178 million, emphasizing its expanding role ...Full story available on Benzinga.com

Tesla Inc. (NASDAQ:TSLA) bull and investor Ross Gerber and bear Gordon Johnson engaged in back-and-forth on the pros and cons of electric vehicles earlier this week. What Happened: Gerber, in a post on X, highlighted that drivers can avoid gas costs by switching to an electric vehicle. He mentioned that by switching to a Tesla Model 3, one can save about $4,000 a year on gas alone. “F inflation!,” the bull wrote. Johnson, however, alleged in his response that Gerber is “cherry-picking” facts. Johnson claimed that EVs significantly drop in value over the years and ultimately cost the customer more due to increased insurance costs compared to a gas vehicle. “When Ross Gerber tells you how much you’ll save on ‘gas’ buying an EV, he neglects the collapsing value of the car, as well as the sig. premium you’ll pay for insurance,” Johnson said, while adding that the customer will need to spend more for repair and maintenance of EVs owing to the need for battery and ...Full story available on Benzinga.com

Amid the uncertainty about a cheaper sub-$30,000 electric vehicle from Tesla, Inc. (NASDAQ:TSLA), a bullish analyst said the company cannot but afford to shelve it. Risky Move: “Robotaxi is not the answer for now; Model 2 needs to be on the Tesla blueprint,” said Wedbush analyst Daniel Ives in a note. As the company is left to navigate through the Category 5 demand storm, a key part of the future growth story for it is the Model 2 vehicle and sub-$30,000 price point to drive mass demand globally, he said. Ives said he sees 60% of future growth over the next few years coming from Model 2, which was expcted to hit the roads by late 2025 or early 2026. As such, Tesla CEO Elon Musk has announced an Aug. 8 to unveil the robotaxis, he noted. “Our view is while this is an exciting announcement around robotaxis we do not expect full autonomy (no steering wheel models) until 2030 and ...Full story available on Benzinga.com

TORONTO, April 11, 2024 (GLOBE NEWSWIRE) -- Angus Gold Inc. (TSX-V: GUS | OTC: ANGVF) (“Angus” or the “Company”) announces that it has granted options to acquire a total of 550,000 common shares of the Company to officers, directors, employees, and consultants, pursuant to the Company's Stock Option Plan, at the exercise price of $0.60 per share for a period of five years, subject to vesting requirements.

Amazon.com Inc. (NASDAQ:AMZN) shares closed up 1.67% at a new all-time high of $189.05 Thursday. Here’s a look at what to know. The Details: Amazon shares closed at a new all-time high of $189.05 Thursday after flirting with the mark throughout the week. The company is edging closer to a $2 trillion valuation and ended Thursday’s session with $1.932 trillion in market capitalization.  Amazon CEO Andy Jassy released his annual shareholder letter Thursday morning which focused heavily on the company's opportunities ...Full story available on Benzinga.com

Thursday, Century Therapeutics (NASDAQ:IPSC) unveiled plans to expand clinical development for its lead program, CNTY-101, a CD19-targeting iNK cell therapy, into additional autoimmune disease indications.  CNTY-101 is currently being evaluated in a clinical trial in B-cell malignancies (ELiPSE-1) as well as a planned trial in systemic lupus erythematosus (SLE) (CALiPSO-1), which is on track to be initiated in the first half of 2024.  Century Therapeutics plans to pursue additional autoimmune disease indication regulatory filings in 2024.  The company announced a $60 million private placement to support Century Therapeutics’ increased R&D activities in autoimmune diseases.  Century will issue approximately 15.87 million shares at $3.78. The company estimates that its cash, cash equivalents, and investments will support operations into 2026. Concurrently, Century announced pipeline and ...Full story available on Benzinga.com

Nvidia Corp (NASDAQ:NVDA) traded 13% below its five-year average as of April 9 while nine other artificial intelligence-related stocks were trading above their five-year average. The AI average of all 10 stocks is trading at a 52% premium, according to an analyst note from JPMorgan‘s Samik Chatterjee, citing data from Bloomberg. See below. Table source: JPMorgan analyst note As can be seen in the table above: Super Micro Computer (NASDAQ:SMCI) leads the pack with ...Full story available on Benzinga.com

On Wednesday, Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) agreed to acquire Alpine Immune Sciences Inc (NASDAQ:ALPN) for $65 per share or approximately $4.9 billion in cash.  Evercore notes the deal as a surprise move as it is unusual for Vertex, which has often been critiqued for capital allocation, building up piles of cash amounting to $13.7 billion before the acquisition.  The analyst notes it as a solid acquisition and aligned with Vertex’s emerging footprint in nephrology following the advancement of inaxaplin in APOL1-mediated kidney disease and early-stage candidate VX-407 for autosomal dominant polycystic kidney disease.  Related: Vertex’s Next-Generation Cystic Fibrosis Program Shows Efficacy With Reduced Burden, Provides Growth Opportunity: Goldman Sachs. Evercore analyst sees Alpine’s lead molecule, ...Full story available on Benzinga.com

Investors can breathe a sigh of relief on Thursday as last month’s Producer Price Index (PPI) inflation turned out slightly lower than expected, albeit with some caveats across different measures within the basket. Stocks rebounded by noon trading in New York, yet the surge fell short of recovering Wednesday’s losses, indicating lingering nervousness regarding the rate-path outlook. Traders have significantly adjusted their expectations for the Fed’s future actions in the past 24 hours, pushing the potential first-rate cut from June to September, with less than two cuts priced in by year-end. The tech-heavy Nasdaq 100 outperformed the broader market, up 1.2%, driven by a rally in the semiconductor industry, with Nvidia Corp. (NASDAQ:NVDA) surging 3.1% following a 2% increase the previous day. Treasury yields stayed flat in the short-end, while inching higher in the long-end of the curve, triggering further declines in long-dated Treasury bonds. The iShares 20+ Year Treasury Bond ETF ...Full story available on Benzinga.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Apple Inc (NASDAQ:AAPL) remains at the forefront of shaping the future of consumer electronics. Amid shifting market dynamics and emerging trends, the spotlight now shines on Apple’s forthcoming AI upgrade cycle—a pivotal moment that promises to redefine the smartphone landscape. As investors brace for the next wave of technological advancement, the stage is set for Apple to chart a course towards sustained growth and value creation. The Apple Analyst JPMorgan Analyst Samik Chatterjee has sparked excitement among Apple stock investors. Chatterjee has a bullish outlook on the stock, rating it Overweight and setting a price target of $210. While Chatterjee moderates the December 2024 price target from $215.00 to $210.00, the rationale remains robust. Based on a P/E multiple of approximately 29x on 2025 earnings estimates, the target reflects a more reasonable 25x multiple on fiscal year 2026 (FY26) earnings estimates. Also Read: Apple To $210? Here Are 10 Top Analyst Forecasts For Thursday The Apple ...Full story available on Benzinga.com

Shares of Snowflake Inc (NYSE: SNOW) climbed in early trading on Thursday amid chatter on Reddit around the stock valuation. The Bozeman, Montana-based company is likely to sustain more than 20% growth, driven by continued legacy data warehouse migrations, increasing public cloud migrations, expansion of the company’s product portfolio expansion, and the use of its platform for developing and hosting GenAI workloads, according to KeyBanc Capital Markets. The Snowflake Analyst: Eric Heath initiated coverage of Snowflake with an Overweight rating and price target of $185. The Snowflake ...Full story available on Benzinga.com

Despite Apple Inc.‘s (NASDAQ:AAPL) recent struggles in China, Wedbush's Dan Ives believes that the tech giant’s fortunes could soon turn around. What Happened: Ives expressed optimism about Apple’s future in China, saying that he believes that these issues could soon be resolved, reported TipRanks. Ives, who recently visited Asia, noted that Apple’s iPhone production in the region has remained steady. He also pointed out that other key markets, such as the U.S., Europe, and India, have been performing well, which could offset the impact of the Chinese market’s underperformance. Despite the current challenges, Ives is confident that Apple could experience a “growth turnaround” soon. "While some patience is required to navigate this China weakness, we believe the seeds for an Apple growth turnaround are being planted in the field," he said. He cited factors such as “easier comps, AI announcement at WWDC, stronger upgrade cycle for iPhone 16, and the monetization opportunity of the golden installed base” as ...Full story available on Benzinga.com

Amid fluctuating market conditions, Wedbush analyst Dan Ives has shed light on the pivotal role Elon Musk plays in the performance of Tesla Inc. (NASDAQ:TSLA) stock. What Happened: In a recent interview, Ives addressed the speculation surrounding Musk and the recent downturn in Tesla’s stock prices. Speaking with Han Kyung Global Market, Ives emphasized the integral role of Musk in Tesla’s valuation. “70% of the value of Tesla is Musk. Musk is Tesla, Tesla is Musk,” he said. Despite acknowledging that Musk’s actions and political commentary may have negatively impacted demand for Tesla’s products, Ives maintains that Musk remains essential for the company’s long-term success. “The distractions… it’s ...Full story available on Benzinga.com