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AMD

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MSFT

NVDA

Nvidia's stock fell nearly 4% in pre-market trading due to reports of a DOJ antitrust investigation over monopolistic practices in the AI chip market. The probe examines whether Nvidia pressured cloud providers to buy multiple products and charged higher prices for networking gear if customers wanted to buy AI chips from rivals like AMD and Intel. The investigation is part of a broader regulatory focus on the AI sector.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 9:05 am

CVX

HES

XOM

Exxon Mobil (XOM) is expected to report higher Q2 earnings and revenue, with analysts projecting $2.01 EPS and $90.99 billion in revenue. The company, along with CNOOC Ltd, has filed arbitration claims regarding Hess Corp's (HES) stake in a Guyana joint venture, potentially affecting Chevron's (CVX) acquisition of Hess. Recent analyst ratings show mixed views on Exxon Mobil's stock.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 6:33 am

LUNAUSD

LUNCUSD

USTUSD

Do Kwon, co-founder of Terraform Labs, will be extradited to South Korea from Montenegro, rejecting the U.S. request. This decision follows a prolonged legal battle involving the collapse of TerraUSD and Terra, which led to significant financial losses and a bear market in cryptocurrency.

Portfolio Pulse from Aniket Verma

August 02, 2024 | 3:47 am

TSLA

Tesla Inc. (NASDAQ:TSLA) is facing a lawsuit from the family of a motorcyclist who died in a 2022 crash involving a Tesla Model 3 on Autopilot in Utah. The lawsuit alleges that Tesla's driver assistant software and safety features are defective. This adds to the ongoing criticism of Tesla's Autopilot and Full Self-Driving (FSD) systems, which have been involved in multiple fatal accidents. Despite these issues, CEO Elon Musk remains confident in the technology's future improvements.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 3:31 am

AAL

An American Airlines (NASDAQ:AAL) flight from Seattle to Dallas was forced to make an emergency landing in Salt Lake City due to a passenger's erratic behavior after consuming marijuana edibles. The passenger, Eric Nicholas Gapco, was restrained and taken into custody. He faces charges of interference with a flight crew and attempted damage to an aircraft.

Portfolio Pulse from Franca Quarneti

August 02, 2024 | 2:01 am

TSLA

Elon Musk responded positively to the U.S. Department of State's assessment of the Venezuelan presidential election, which criticized the election process and declared Edmundo González Urrutia as the rightful winner over Nicolás Maduro. Musk has previously been vocal about his disapproval of Maduro's election practices.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 1:21 am

NVDA

The U.S. Department of Justice is investigating Nvidia's acquisition of Israeli AI start-up Run:ai on antitrust grounds. The deal, announced in late April, is reportedly valued at $700 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:37 pm

META

RBLX

The U.S. Senate has passed the Kids Online Safety Act (KOSA) and the Children and Teens’ Online Privacy Protection Act (COPPA 2.0), aiming to introduce stricter regulations for tech companies, particularly affecting gaming platforms. These bills mandate stronger protections against cyberbullying, sexual exploitation, and other online harms, and enforce stricter age verification processes. COPPA 2.0 enhances privacy protections for minors by prohibiting targeted advertising and restricting data collection without explicit consent. The bills now await approval from the House of Representatives.

Portfolio Pulse from Franca Quarneti

August 01, 2024 | 9:00 pm

CVX

HES

Hess and Chevron shares are trading lower following a report that the arbitration hearing with Chevron has been delayed to May 2025.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:08 pm

GLNCY

Alex Beard, former CEO of Glencore, has been charged with corruption by the UK's Serious Fraud Office, along with four other former Glencore employees. They are accused of making corrupt payments to benefit Glencore's oil operations in West Africa. This follows Glencore's 2022 guilty plea to corruption and market manipulation, resulting in $1.5 billion in fines.

Portfolio Pulse from Hayden Buckfire

August 01, 2024 | 5:24 pm