Streetbeat News

Equity Actions

NVDA

SOUN

Soundhound AI shares are trading higher following NVIDIA's achievement of a $1 trillion market cap, boosting momentum in the AI sector.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 5:07 pm

XLE

XLF

In a conversation with Tornado, cross-asset strategist John Normand shares his three-stage process for applying macro to investing, emphasizing the importance of understanding the macro economy and its impact on company fundamentals. He also highlights the significance of monitoring the Fed's decisions and the monthly ISM survey as key macro indicators.

Portfolio Pulse from Tornado

May 30, 2023 | 4:22 pm

SMFL

Smart for Life (NASDAQ:SMFL) announced the exercise of warrants by accredited investors, resulting in $4.5M in gross proceeds. The company plans to use the funds for working capital and general corporate purposes.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 4:21 pm

AUMN

Golden Minerals Company announced a 1-for-25 reverse stock split, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 3:30 pm

AUVI

Applied UV announced a 1-for-5 reverse stock split, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 3:17 pm

BRK-B

Berkshire Hathaway has shown significant interest in Japan, investing in five of the country's largest trading companies, yielding an average gain of 146%. Despite a recent dip in Berkshire's stock price, Warren Buffett remains focused on the Japanese market due to its strong cash flow, value-oriented focus, and diversification.

Portfolio Pulse from Zaheer Anwari

May 30, 2023 | 3:15 pm

AUVI

Applied UV Inc (NASDAQ: AUVI) announced a 1-for-5 reverse stock split to comply with Nasdaq's $1.00 minimum bid price requirement. The split-adjusted shares will begin trading on May 31, 2023.

Portfolio Pulse from Shivani Kumaresan

May 30, 2023 | 3:13 pm

SONM

Sonim Technologies (NASDAQ:SONM) is set to join the Russell Microcap Index on June 26, 2023, following the annual reconstitution. The inclusion reflects the company's growth and profitability under new management, with expansion into additional markets.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 3:12 pm

AI

C3.AI shares are trading higher due to continued strength in AI stocks and overall market strength following a tentative debt ceiling agreement between the Biden administration and Republicans.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 2:37 pm

AMD

AVGO

MU

NVDA

TSM

Nvidia has joined the trillion-dollar club, with a market capitalization of $1 trillion, following a 35% rally over the last two weeks due to a boom in artificial intelligence (AI). Other AI-related stocks, such as AMD, AVGO, TSM, and MU, have also experienced significant gains.

Portfolio Pulse from Piero Cingari

May 30, 2023 | 1:35 pm