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ARM

NVDA

SFTBY

Arm Holdings PLC has issued its initial public offering (IPO) valued at $54.5 billion, making it the largest IPO of 2023. The company, crucial for Nvidia Corp’s GPUs to facilitate AI operations, was acquired by SoftBank Group Corp in 2016. SoftBank chose to retain 90% of the company, releasing 10% of its shares to public investors. Arm's growth in China primarily revolves around data centers and the automotive sector, with 25% of its revenues coming from the country. SoftBank has decreased its exposure to China.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 3:39 pm

AAPL

ADBE

AMZN

ARM

GOOG

META

MSFT

NVDA

TSLA

The article discusses the IPO of Arm Holdings (ARM), which designs chips used by many semiconductor manufacturers. The IPO was 10 times oversubscribed, indicating a potential rise in stock price. The article also mentions the use of generative AI by Amazon (AMZN) and Adobe (ADBE), and the ECB's interest rate hike. Economic data shows a hotter economy than consensus, with inflation at the producer level and retail sales exceeding expectations. Positive money flows are observed in Apple (AAPL), Amazon (AMZN), Alphabet (GOOG), Meta Platforms (META), Microsoft (MSFT), NVIDIA (NVDA), and Tesla (TSLA).

Portfolio Pulse from The Arora Report

September 14, 2023 | 3:22 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) has announced it will no longer fund BioSteel Sports Nutrition Inc., a business unit that represented about 60% of the company's Q1 FY2024 adjusted EBITDA loss. The company is exploring strategic alternatives for BioSteel, including a potential sale. This move is part of Canopy's strategy to streamline operations and cut costs.

Portfolio Pulse from Jelena Martinovic

September 14, 2023 | 3:05 pm

A 'whale' investor has taken a bullish stance on Home Depot (NYSE:HD), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $195.0 to $400.0 for Home Depot over the last 3 months. Several financial institutions have maintained their positive ratings on Home Depot, with price targets ranging from $335 to $384.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 3:03 pm

CMND

Clearmind Medicine Inc (NASDAQ:CMND) announced the pricing of a $2.25 million public offering, causing its shares to drop by 53% to $0.18. The offering is expected to close on September 18. The company plans to use the proceeds for general corporate purposes, including R&D, working capital, future acquisitions, and capital expenditures.

Portfolio Pulse from Henry Khederian

September 14, 2023 | 3:03 pm

RYZB

RayzeBio, Inc (NASDAQ:RYZB) is set to IPO on September 15 on the NASDAQ exchange under the ticker RYZB. The company is offering shares at an expected price between $16.00 and $18.00 per share with an insider lock-up period of 180 days ending on March 13, 2024. RayzeBio is a vertically integrated radiopharmaceutical therapeutics company with a lead program in a Phase 3 clinical trial.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 3:00 pm

NMRA

Neumora Therapeutics, Inc (NASDAQ:NMRA) is set to IPO on September 15 on the NASDAQ exchange under the ticker NMRA. The company is offering shares at an expected price between $16.00 and $18.00 per share with an insider lock-up period of 180 days ending on March 13, 2024.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 3:00 pm

ARM

Arm Holdings is indicating a price of $58 for its upcoming IPO, which is higher than the initial pricing of $52.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 2:53 pm

FWBI

First Wave BioPharma has announced the exercise of warrants and issuance of new warrants in a private placement for $4M, priced at $0.43 per share.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 2:46 pm

Deutsche Bank (NYSE:DB) has announced a partnership with Swiss startup Taurus to offer global crypto custody services. The bank will use Taurus' technology to manage cryptocurrencies, tokenized assets, and digital assets. This follows Deutsche Bank's investment in Taurus as part of a $65 million Series B funding round led by Credit Suisse. The bank has been interested in offering cryptocurrency custody and trading services to its clients for the past three years.

Portfolio Pulse from Khyathi Dalal

September 14, 2023 | 2:40 pm