Market-Moving News for September 17th
Portfolio Pulse from Benzinga Newsdesk
Intel shares rise 11% following a strategic collaboration with AWS to boost US chip manufacturing. SES AI shares surge 57% after announcing a collaboration with NVIDIA, Crusoe, and Supermicro on AI for scientific initiatives. Galmed Pharmaceuticals regains Nasdaq compliance.
September 17, 2024 | 12:04 pm
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POSITIVE IMPACT
Galmed Pharmaceuticals regained compliance with Nasdaq listing requirements.
Regaining Nasdaq compliance is crucial for Galmed Pharmaceuticals, as it ensures continued trading on a major exchange, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Intel shares increased by 11% after announcing a strategic collaboration with AWS to advance US-based chip manufacturing.
The collaboration with AWS is a significant strategic move for Intel, likely to enhance its manufacturing capabilities and market position, leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
SES AI shares surged 57% after announcing a collaboration with NVIDIA, Crusoe, and Supermicro on AI initiatives for material discovery in electric transportation.
The collaboration with major tech companies like NVIDIA is likely to enhance SES AI's capabilities in AI and electric transportation, driving a significant positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85