Applied Digital And Hims & Hers Health Are Among Top 9 Mid-Cap Gainers Last Week (Nov 18-Nov 22): Are The Others In Your Portfolio?

Benzinga

These mid-cap stocks were the best performers in the last week. Are they in your portfolio?

Lemonade, Inc. shares jumped 47.99% after the company’s Investor Day event. Several analysts raised the price forecast on the stock.
Archer Aviation Inc. shares escalated 46.96%. Needham analyst initiated coverage on Archer Aviation with a Buy rating and a price target of $11.
C3.ai, Inc. stock zoomed 43.98% after the company announced a strategic alliance with Microsoft Corp and expanded its partnership with Capgemini.
Oklo Inc. stock rocketed 40%. The stock may have gained in response to its acquisition target Atomic Alchemy which signed an MOU with Zeno Power to provide fuel for commercial radioisotope power systems.
Applied Digital Corporation stock increased 36.24%.
Unity Software Inc. shares rose 35.70%.
Nebius Group N.V. shares were up 33.47% after the company announced an expansion to its AI infrastructure in the U.S. with the Kansas City GPU cluster and three new offices.
NuScale Power Corporation stock surged 31.29%.
Hims & Hers Health, Inc. shares jumped 31.11%. The company launched meal replacement bars and shakes to enhance personalized weight loss plans.

Also Read:

Target, Alibaba And Temu Parent PDD Are Among Top 10 Large-Cap Losers Last Week (Nov 18-Nov 22): Are The Others In Your Portfolio?
Super Micro Computer, Snowflake And MicroStrategy Are Among Top 10 Large-Cap Gainers Last Week (Nov 18-Nov 22): Are The Others In Your Portfolio?

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Bronstein, Gewirtz & Grossman, Llc Initiates An Investigation Into Allegations Against Oklo Inc. (Oklo) And Encourages Investors To Reach Out

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Consumer Tech News (Nov 18-Nov 22): US DOJ Demands Google To Divest Chrome Browser, Gemini AI Available On Apple & More

Benzinga

The U.S. Department of Justice (DOJ) has demanded that Alphabet Inc.‘s Google divest its Chrome browser to dismantle its monopoly on online search. This move is part of broader efforts to restore competition in the search market.

Amazon.com, Inc. and Elon Musk's SpaceX may encounter obstacles in their attempts to block the National Labor Relations Board or NLRB cases.

Prominent venture capitalist David Sacks has predicted a high likelihood of legal action or a breakup of Alphabet Inc.‘s Google in the next U.S. administration under Donald Trump.

A Chinese state-backed company, Spacesail, is preparing to launch a satellite service in Brazil, posing a challenge to Elon Musk‘s SpaceX operated satellite service, Starlink.

Gaming

Sony Group Corp. is reportedly in discussions to acquire Kadokawa Corporation, the Japanese media powerhouse known for its extensive portfolio of anime, manga, and video games, including the global hit Elden Ring.

Sony has released a significant update for its PlayStation Portal handheld device, introducing cloud streaming for PlayStation Plus Premium members.

Read: Kadokawa CEO Confirms Sony’s Buyout Interest: ‘No Decision Has Been Made’

Microsoft Corporation has unveiled its upcoming additions to Xbox Game Pass for the second half of November, featuring high-profile launches and exciting indie gems.

Microsoft launched a long-awaited feature for Xbox Game Pass Ultimate members, allowing them to stream select games they already own via Xbox Cloud Gaming.

Roblox Corporation announced new tools today designed to enhance safety for its young user base, which includes a significant number of children. These updates allow parents to remotely manage their child’s account, view their friends list, and set limits on playtime.

Technology

China's leading tech firms, Alibaba Group Holding Limited ByteDance, and Meituan are reportedly expanding their AI teams in Silicon Valley.

Google announced its AI assistant Gemini is now available for download on Apple Inc.‘s iPhone as an app.

Alphabet‘s lucrative agreement to pay Apple over $20 billion a year to make its search engine the default on iPhones is now under threat.

Google Gemini AI chatbot came under scrutiny after reportedly telling a user, “You are a stain on the universe. Please d*e."

NVIDIA Corporation‘s Blackwell AI chips are experiencing overheating problems when connected to server racks designed to hold up to 72 chips, reported The Information, citing Nvidia employees working on the problem and customers and suppliers familiar with the situation.

The development of a new artificial intelligence-based version of Amazon.com‘s voice assistant Alexa is reportedly facing significant challenges, according to internal memos.

Read:Satya Nadella Defends Bing’s Rise Against Google’s Search Dominance — Says OpenAI’s Partnership With Apple Is ‘Incremental’ For Microsoft

Smartphone

Google and Apple have long been discussing integrating Gemini into the iOS ecosystem. However, the timeline for this integration may not happen until next year.

Apple is preparing to urge a federal judge to dismiss the U.S. Department of Justice's case accusing the company of unlawfully monopolizing the smartphone market.

Huawei Technologies Co., Ltd. is set to initiate mass production of its latest AI chip, the Ascend 910C, in early 2025, despite facing significant hurdles due to U.S. trade restrictions.

Artificial Intelligence (AI)

Elon Musk has predicted that AI will surpass doctors and lawyers after a study revealed OpenAI's ChatGPT-4 outperformed medical professionals in diagnosing illnesses.

OpenAI CEO Sam Altman has been appointed as a co-chair of the transition team for San Francisco's newly elected mayor, Daniel Lurie.

Perplexity AI CEO Aravind Srinivas has jumped into the Alphabet Google antitrust conversation by asking his followers on X if his AI startup should acquire the Google Chrome browser.

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Dj Oklo Inc Cl A, Inst Holders, 3Q 2024 (Oklo)

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6 stocks that will benefit from the next wave of AI development, Bank of America says

Business Insider

A small group of stocks could capture the next burst of AI development, BofA said.
The firm sees a coming "Agentic AI wave," which includes developments like AI-powered apps and robots.
Strategists highlighted six large-cap stocks that represent its top picks for the next wave.

A new wave of AI development is about to take shape — and Wall Street is starting to divert its attention from the market's largest companies to a different group of stocks, according to Bank of America.

In a recent note, the bank's strategists said they foresaw a coming "Agentic AI wave," referring to the second phase of artificial intelligence development. Possible beneficiaries include companies that are beginning to deploy AI through apps, or industrial and commercial robots.

There are some signs AI innovation is already headed in that direction, the bank added, pointing to new features added to AI software, like Google's Gemini, and robotic security dogs being deployed at Trump's Florida Mar-a-Lago.

Meanwhile, Bank of America clients are already beginning to shift their focus from the market's top AI names, like Nvidia, to what the bank believes to be the "second phase of AI beneficiaries," the note said.

"We urge investors not to diminish AI's near-term disruption potential in this early stage. Upside is unlikely to be fully priced in across the AI investment stack and, specifically, across our software coverage, in our view," strategists wrote.

"We expect AI monetization across our coverage to begin in 2025 as software's AI moment arrives and monetization to become meaningful in 2026 as enterprise adoption accelerates," they continued.

The bank reiterated its focus on six large-cap stocks, which it said were among its top picks as the Agentic AI theme plays out.

1. Microsoft (MSFT)

Microsoft CopilotOmer Taha Cetin/Anadolu via Getty Images

In an early November note, the bank pointed to Microsoft's plans to supplement Copilot with more AI agents, which could help automate tasks related to sales, services, finances, and managing supply chains.

Strategists issued a price target of $510 a share, implying 23% upside from current levels.

2. Salesforce (CRM)

Gary Hershorn / Getty Images

Salesforce plans on integrating AI agents into its range of products, which can help automate tasks in areas like customer service and marketing, the bank said.

The firm also finalized a partnership with Nvidia to create avatars that can automate tasks in customer service, crisis management, and other areas.

Strategists issued a price target of $390 a share, implying 14% upside from current levels.

3. Adobe (ADBE)

Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Adobe is planning to work AI tools into its product suite, including its Creative Cloud and Experience Cloud platforms. That can help automate tasks related to data analysis and creating new content, strategists said.

Bank of America issued a price target of $640 a share, implying 20% upside from current levels.

4. ServiceNow (NOW)

The company is planning to deploy AI agents on its Now Platform, which can help in areas like IT management and customer service.

Strategists issued a price target of $1,075 a share, implying 1% upside from current levels.

5. Intuit (INTU)

A photo of a sign for financial software company Intuit at the company's headquarters in the Silicon Valley town of Mountain View, California. — Signage for financial software company Intuit at the company's headquarters in the Silicon Valley town of Mountain View, California, August 24, 2016.Smith Collection/Gado/Getty Images

Intuit is also planning to integrate its AI agent across its range of products, which includes TurboTax, Credit Karma, and QuickBooks. That can automate tasks for users and businesses, like creating new bills or processing invoices.

Strategists issued a price target of $780 a share, implying 21% upside from current levels.