Author: Benzinga Neuro

The cryptocurrency market has seen a significant surge in pre-market activity after Bitcoin (CRYPTO: BTC) reached a new high of $63,500. What Happened: Following Bitcoin’s 0.4% increase, several Bitcoin ETFs experienced a surge in pre-market activity on Monday. As per Benzinga Pro, Grayscale Bitcoin Trust (NYSE:GBTC) rose by 1.46%, Bitwise Bitcoin ETF (NYSE:BITB) by 1.31%,…

Chinese tech giants Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (OTC:TCEHY) are significantly increasing their investments in artificial intelligence startups, despite a general decrease in their overall investments. What Happened: Since 2023, Alibaba and Tencent have directed 40% and 30% of their deals in China, respectively, toward AI startups, marking record-high investments in…

Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) shares saw a near 7% rise in pre-market trading following the announcement of a significant write-down and workforce cuts. What Happened: Paramount Global announced a write-down of nearly $6 billion on its cable networks and plans to cut 15% of its U.S. workforce. This move is part of Paramount’s strategy to…

In a remarkable development, BurgerFi International, Inc. (NASDAQ:BFI) (NASDAQ:BFIIW), often referred to as “Upstate McDonald’s,” saw its stock surge by a staggering 93% in pre-market trading on Friday. This significant spike followed the news of the company’s lawsuit settlement with Lion Point Capital, LP. What Happened: BurgerFi’s BFI was trading almost 93% higher on Friday…

In a recent development, Jim Cramer, the host of “Mad Money,” shared his thoughts on Advanced Micro Devices, Inc. (NASDAQ:AMD) in comparison to its competitor Nvidia Corporation (NASDAQ:NVDA). What Happened: During the “lightning round” segment of CNBC’s show on Thursday, Cramer expressed his views on AMD. He stated, “I think AMD under $150 would be…

Crypto trader Alex Kuptsikevich said that a drop below the $60,000 mark of Bitcoin (CRYPTO: BTC) could trigger a panic sell-off. What Happened: Kuptsikevich noted that the price action has been marked by a series of lower lows and lower highs, indicating investors selling into strength on price rallies, CoinDesk reported on Monday. He stated,…

Elon Musk‘s Tesla Inc. (NASDAQ:TSLA) has been labeled a “meme stock” by a renowned economist, who believes that the company’s success is now more about Musk’s promises than its actual performance. What Happened: UC Berkeley economist J. Bradford DeLong suggested that Tesla’s market success is now largely dependent on Musk’s ability to keep making promises,…

As Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) navigates through a potential merger with Skydance Media, investor concerns are surfacing regarding the deal’s fairness and the exploration of alternative options. What Happened: Some investors of Paramount Global are voicing their unease over a potential merger with Skydance Media. Concerns focus on the deal’s fairness and the exploration of…

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…

As the digital currency Bitcoin (CRYPTO: BTC) breaks through a significant resistance level, market analysts are forecasting a potential rally that could see its value soar to new heights. What Happened: Bitcoin may be on the verge of a significant price surge, potentially reaching new record highs, CoinDesk reported following a technical breakout on early…