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DELL

Powershares Dynamic Technology Securitytor Portfolio

WLDR

Dell Technologies collaborates with Northwestern Medicine to use AI for healthcare innovations, focusing on developing a multimodal large language model for chest x-ray interpretation.

What&#39;s Going On With Dell Technologies Shares Today?

Morgan Stanley analyst Dara Mohsenian downgrades Estee Lauder Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) from Overweight to Equal-Weight and lowers the price target from $164 to $140.

Downgrades

Price Target

Analyst Ratings

Morgan Stanley Downgrades Estee Lauder Cos to Equal-Weight, Lowers Price Target to $140

Needham analyst Gil Blum reiterates Shattuck Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STTK#NASDAQ">STTK</a>) with a Buy and maintains $12 price target.

Reiteration

STTK

Needham Reiterates Buy on Shattuck Labs, Maintains $12 Price Target

Needham analyst Quinn Bolton maintains MACOM Technology Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NASDAQ">MTSI</a>) with a Buy and raises the price target from $100 to $110.

MTSI

Needham Maintains Buy on MACOM Technology Solns, Raises Price Target to $110

BWAQ

Blank Check Company Blue World Acquisition Extends Deadline For An Initial Business Combination To June 2, 2024

Goldman Sachs analyst Will Nance maintains Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Neutral and lowers the price target from $295 to $255.

COIN

Goldman Sachs Maintains Neutral on Coinbase Glb, Lowers Price Target to $255

Needham analyst David Saxon maintains Dentsply Sirona (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRAY#NASDAQ">XRAY</a>) with a Buy and lowers the price target from $42 to $36.

XRAY

Needham Maintains Buy on Dentsply Sirona, Lowers Price Target to $36

Needham analyst Mayank Tandon reiterates ExlService Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXLS#NASDAQ">EXLS</a>) with a Buy and maintains $40 price target.

EXLS

Needham Reiterates Buy on ExlService Holdings, Maintains $40 Price Target

B of A Securities analyst Geoff Meacham initiates coverage on Avidity Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNA#NASDAQ">RNA</a>) with a Buy rating and announces Price Target of $40.

Initiation

B of A Securities Initiates Coverage On Avidity Biosciences with Buy Rating, Announces Price Target of $40

Needham analyst Mike Matson reiterates InMode (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INMD#NASDAQ">INMD</a>) with a Hold.

INMD

Needham Reiterates Hold on InMode

BMO Capital analyst Brian Pitz downgrades Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) from Outperform to Market Perform and lowers the price target from $165 to $145.

EXPE

BMO Capital Downgrades Expedia Group to Market Perform, Lowers Price Target to $145

Needham analyst Matt McGinley maintains Utz Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTZ#NYSE">UTZ</a>) with a Buy and raises the price target from $20.5 to $22.

Needham Maintains Buy on Utz Brands, Raises Price Target to $22

Earnings

Guidance

Health Care

AMRX

Amneal Reaffirms 2024 Revenue Guidance Of $2.55B-$2.65B Versus Consensus Of $2.60B, With Adjusted EBITDA of $0.53-$0.63 Compared To Guidance Of $0.58

Needham analyst Charles Shi reiterates Kulicke &amp; Soffa Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLIC#NASDAQ">KLIC</a>) with a Hold.

KLIC

Needham Reiterates Hold on Kulicke & Soffa Indus

The AI frenzy is driving a surge in Taiwan&#8217;s ETF market, raising concerns among analysts and regulators about the market&#8217;s stability.
What Happened: The Taiwan ETF market has seen a significant influx of capital as investors seek exposure to the AI supply chain, Reuters reported. This has led to a shift in the ownership structure of the $2 trillion market, which is a geopolitical flashpoint.
The ETF sector in Taiwan, valued at T$4.74 trillion ($145.8 billion) as of March, has seen a 77% increase from the previous year. This growth far outpaces the 20% rise in the benchmark equity index.
However, the rapid inflow of investments, much of which is leveraged, has raised concerns about a potential market reversal. Regulators and ETF managers worry that less experienced investors could face significant losses if the market sours or geopolitical tensions with China escalate.
&#8220;Our clients have concerns. Taiwan stocks have risen above 20,000 points. How much higher can they go?&#8221; said Peter Yang, manager of an ETF launched by Fuh-Hwa Securities Investment Trust.
See Also: <a href="https://www.benzinga.com/news/24/04/38539846/hillary-clinton-on-another-trump-presidency-it-wouldnt-be-as-bad-as-it-was-last-time-it-would-be?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Hillary Clinton On Another Trump Presidency: &#8216;It Wouldn&#8217;t Be As Bad As It Was Last Time, It Would Be&#8230;&#8217;</a>
ETFs in Taiwan include broad index trackers, dividend funds, and thematic and sector funds, and are popular among both local and foreign investors. 
The market&#8217;s vulnerability was evident when Middle East tensions and a warning of subdued global demand from industry leader Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) triggered a wave of selling in chip stocks.
&#8220;Generally investors see ETFs as investments that will always be profitable. That is not necessarily correct. However, in the longer term, Taiwan and U.S. ETFs in this sector can be expected to reliably trend upwards because of the tremendous potential of new applications such as AI,&#8221; said Peter Hong, manager of Capital TIP Customised Taiwan High-Tech Dividend &amp; Growth ETF.
However, the market&#8217;s stability is now being questioned as the AI stock rally has become fickle and volatile. This surge in ETF investments is also raising concerns about the potential impact of any shifts in chip demand and geopolitical risks on the market.
&#8220;ETFs mostly track the broader market, making them vulnerable and unprotected when there is volatility in the market,&#8221; said Adrian Wang, a senior vice president of Cathay Securities Investment Trust.
The iShares Inc iShares MSCI Taiwan ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWT#NYSE">EWT</a>) has demonstrated a remarkable 1-year return of 23.99%, making it one of the standout performers in the Taiwan-focused ETF market.
Why It Matters: The surge in Taiwan&#8217;s ETF market is largely driven by the <a href="https://www.benzinga.com/news/24/04/38180836/key-nvidia-apple-supplier-tsmc-led-ai-stock-craze-boosts-taiwans-etf-market-with-50b-surge">AI stock craze</a>. This fervor has seen investments in local stock ETFs surpass $50 billion, with the local benchmark index climbing by 30% in the past year, largely attributed to a 55% gain by TSMC, a major semiconductor supplier for Apple and NVIDIA.
The AI industry&#8217;s expansion is driving a surge in demand for crucial components, such as high-bandwidth memory (HBM) chips, used in AI chipsets. This has led to a significant increase in <a href="https://www.benzinga.com/news/24/04/38334748/pay-more-for-chips-made-outside-taiwan-as-ai-demand-soars-and-global-expansion-continues-taiwan-semi">the price of chips</a> manufactured outside of Taiwan, prompting TSMC to adjust its pricing model. 
Despite these challenges, TSMC announced the launch of its new <a href="https://www.benzinga.com/news/24/04/38429949/taiwan-semi-sets-2026-launch-for-a16-chip-technology-aiming-to-outpace-intel-in-speed">chip manufacturing technology</a>, &#8220;A16,&#8221; in 2026, positioning the company against Intel in a competition to produce the world&#8217;s fastest chips.
Read Next: <a href="https://www.benzinga.com/news/24/04/38518177/29-year-old-tesla-worker-who-got-fired-says-he-slept-in-parking-lot-showered-at-factory-and-ate-micr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">29-Year-Old Tesla Worker Who Got Fired Says He Slept In Parking Lot, Showered At Factory And Ate Microwaved Dinner: &#8216;Sacrificed A Lot For The Company&#8217;</a>
Image Via Shutterstock 
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
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The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
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Global

Tech

ETFs

AI Craze Fuels Taiwan ETF Boom, Raising 'Concerns' Over Market Stability: 'How Much Higher Can They Go?'

Elon Musk, the <a href="https://www.benzinga.com/news/23/04/31810229/elon-musk-bought-twitter-1-year-ago-a-look-back-at-whats-happened-since-and-what-could-be-next">billionaire owner</a> of X, formerly Twitter, has announced his intention to reinstate the suspended account of white supremacist&nbsp;Nick Fuentes, who is <a href="https://www.benzinga.com/news/22/12/29935432/elon-musk-says-kanye-west-suspended-again-from-twitter-for-inciting-violence-i-tried-my-best">known for his extremist views</a>.
What Happened: On Thursday, one social media user asked Musk to &#8220;Bring Nick Fuentes back on Twitter,&#8221; to which the Tesla CEO responded in the affirmative saying, &#8220;Very well, he will be reinstated, provided he does not violate the law, and let him be crushed by the comments and Community Notes.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Very well, he will be reinstated, provided he does not violate the law, and let him be crushed by the comments and Community Notes. It is better to have anti whatever out in the open to be rebutted than grow simmering in the darkness.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1786087574655611386?ref_src=twsrc%5Etfw">May 2, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38574286/palantir-ceo-says-american-tech-industry-maximally-tolerant-of-any-personality-im-like-a-hyper-inexp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Palantir CEO Says American Tech Industry &#8216;Maximally Tolerant&#8217; Of Any Personality: &#8216;I&#8217;m Like A Hyper Inexplicably Dyslexic Outsider&#8217;</a>
When people on his social media platform reminded him that the decision would attract major backlash, the tech mogul said, &#8220;I cannot claim to be&nbsp;a defender of free speech,&nbsp;but then permanently ban someone&nbsp;who hasn&#8217;t&nbsp;violated the law&#8230;This will probably&nbsp;cause us to lose a&nbsp;lot of advertisers and makes&nbsp;me sad, but a principle&nbsp;is a principle.&#8221; 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Fate loves irony, but hates hypocrisy. I cannot claim to be a defender of free speech, but then permanently ban someone who hasn't violated the law, no matter how much I disagree with what they say. This will probably cause us to lose a lot of advertisers and makes me sad, but…
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1786094688207773991?ref_src=twsrc%5Etfw">May 2, 2024</a></blockquote>
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Why It Matters: Fuentes was last suspended from X in January 2023 <a href="https://www.benzinga.com/markets/cannabis/22/11/29863377/trump-and-kanye-the-man-who-came-to-dinner-and-brought-a-holocaust-denier-then-asks-host-to-be-h">due to hate speech</a> and disinformation violations. 
At the time, it was reported that Fuentes made several <a href="https://www.benzinga.com/news/23/11/36014228/elon-musk-apologizes-for-antisemitic-tweet-at-new-york-times-dealbook-forum-but-also-tells-advertise">antisemitic comments</a> in a Twitter Space. He was also suspended from other social media platforms for hate speech in 2020 and 2021. This included Meta&#8217;s Facebook and Google&#8217;s YouTube. 
Under Musk&#8217;s leadership, X has rescinded suspensions on certain accounts that were removed during its prior ownership, most notably the <a href="https://www.benzinga.com/m-a/22/11/29810219/why-hasnt-donald-trump-tweeted-since-being-reinstated-by-elon-musk-rules-for-truth-social-might-poin">account belonging to former President</a> Donald Trump. 
Trump&#8217;s account had been permanently banned from Twitter amidst allegations of inciting violence following the events of the <a href="https://www.benzinga.com/news/24/05/38571015/trump-confirms-intent-to-join-jan-6-capitol-march-denies-lunging-at-cars-steering-wheel-im-a-lover-n">Capitol riot on January 6, 2021</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38509476/while-mark-zuckerberg-led-meta-battles-advertiser-complaints-elon-musk-continues-to-thrash-facebook?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">While Mark Zuckerberg-Led Meta Battles Advertiser Complaints, Elon Musk Continues To Thrash Facebook, Instagram For Allegedly Stealing &#8216;Credit For Traffic&#8217;</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Angga Budhiyanto on Shutterstock

Social Media

Politics

Elon Musk Promises To Reinstate White Supremacist Nick Fuentes On X After Suspension Over Antisemitic Comments: 'Let Him Be Crushed By Comments And Community Notes'

Second Quarter&nbsp;2024&nbsp;Outlook
For the&nbsp;second quarter&nbsp;of 2024, the Company expects to generate revenue between&nbsp;$122 million&nbsp;and&nbsp;$130 million.
The Company expects&nbsp;second quarter&nbsp;2024 diluted net income per share between&nbsp;$0.11&nbsp;and&nbsp;$0.19, and non-GAAP diluted net income per share between&nbsp;$0.30&nbsp;and&nbsp;$0.38

PRLB

Protolabs Q2 Outlook: Expects Revenue Of $122M-$130M Vs. $128.256M Consensus; Sees Adj. EPS Of $0.30-$0.38 Vs. $0.39 Consensus

Stephen has served as a Director since 2013 and has provided valued contributions and experienced counsel to the Company. During Stephen&#39;s tenure, Immuron launched Travelan&reg;&nbsp;into the USA and Canadian markets and dual listed the Company on NASDAQ (IMRN).

IMRN

Immuron Says Stephen Anastasiou Has Resigned From His Position As Non-Executive Director Effective Today

Corebridge Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>) reported quarterly earnings of $1.10 per share which beat the analyst consensus estimate of $1.05 by 4.76 percent. This is a 13.4 percent increase over earnings of $0.97 per share from the same period last year. The company reported quarterly sales of $5.853 billion which beat the analyst consensus estimate of $5.440 billion by 7.59 percent. This is a 9.14 percent increase over sales of $5.363 billion the same period last year.

Earnings Beats

CRBG

Corebridge Financial Q1 2024 Adj EPS $1.10 Beats $1.05 Estimate, Sales $5.853B Beat $5.440B Estimate

City Office REIT Revises FY24 Core FFO Per Share Outlook From $1.18-$1.22 To $1.14-$1.18, Est $1.20

ADTX

EVFM

Aditxt Said On April 26 Received Notice From Evofem That Evofem Was Exercising Its Right To Terminate Merger Agreement  As Result Of Co's Failure To Provide Initial Parent Equity Investment

Consider This: Canals Are Becoming Chokepoints

WTO Conference Faces Challenges As Big Players Turn Inward

Affinity World Leaders Equity ETF declares quarterly distribution of $0.0416

2024 Global Market Outlook - Q2 Update: Pent-Up Exuberance

How Mega-Forces Will Reshape The Macro Regime And Investing

Global Macro Outlook: Second Quarter 2024

Global Growth Returns And The 2025 Fiscal Reckoning

Adapting To Economic Paradigm Shifts

Global Growth Is Back As Fiscal Reckoning Looms In 2025

Equity Factor Report - Q1 2024: Momentum Strategies Shine

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Latest News for Affinity World Leaders Equity ETF (BATS:WLDR)

Friday, April 05, 2024