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SOUN

SoundHound AI shares are trading higher after the company announced it launched Chat AI with integrated ChatGPT in Alfa Romeo and Citroën vehicles across Europe.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:58 pm

ARKX

LMT

NOC

UFO

SpaceX is negotiating with U.S. and Australian officials to land and recover its Starship rockets off the coast of Australia, marking a potential expansion in the region. This initiative aligns with strengthened security ties between the countries and could enhance bilateral space defense collaborations.

Portfolio Pulse from Shivani Kumaresan

July 30, 2024 | 2:49 pm

GLW

LUMN

Corning Inc (NYSE:GLW) reported a fiscal Q2 2024 core sales growth of 4% YoY to $3.60 billion, beating estimates. Core EPS of $0.47 also surpassed expectations. Despite this, the stock dropped 8.6% due to lower-than-expected Q3 guidance. Key segments showed mixed performance, with strong growth in Optical Communications and Specialty Materials, but declines in Environmental Technologies and Hemlock. CEO highlighted new optical connectivity products for generative AI and a new agreement with Lumen Technologies Inc (NYSE:LUMN).

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 2:33 pm

CPRX

VRDN

VRNA

As of July 30, 2024, three health care stocks—Verona Pharma (VRNA), Catalyst Pharmaceuticals (CPRX), and Viridian Therapeutics (VRDN)—are considered overbought based on their RSI values. Investors may want to reconsider holding these stocks in the short term.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 2:13 pm

VUZI

Vuzix's subsidiary, Moviynt, has received SAP certification for its Mobilium Gateway 3.0 solution with S/4HANA Cloud Private Edition. This certification aims to enhance workflow efficiency by bridging mobile devices and ERP systems.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:07 pm

AAPL

NVDA

NXPI

TSM

Taiwan Semiconductor Manufacturing Co (TSM) will break ground on its first European plant in Dresden, Germany, next month. The plant, known as European Semiconductor Manufacturing Corp (ESMC), aims to start operations by late 2027. Key investors include Infineon, Robert Bosch, and NXP Semiconductors (NXPI). The project will address the demand for localized automotive and industrial chips. TSM shares have recently declined, partly due to comments from US Presidential candidate Donald Trump.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 1:54 pm

NXST

PARA

Paramount Global and Nexstar Media have renewed their affiliation agreements. The terms of the agreements were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:31 pm

BITF

CLSK

RIOT

Jefferies analysts suggest that Donald Trump's recent pro-crypto statements and promises could tie Bitcoin's price to the outcome of the 2024 U.S. presidential election. The Bitcoin mining industry is also seeing changes, with major companies like CleanSpark and Riot Platforms making strategic moves. The upcoming Benzinga Future of Digital Assets event will further explore these trends.

Portfolio Pulse from Murtuza Merchant

July 30, 2024 | 1:22 pm

CREX

Creative Realities, Inc. (NASDAQ:CREX) is expanding its digital signage business into Mexico and the broader Latin America market. This strategic move includes the appointment of Julian Arcila as the new LATAM leader, aiming to capitalize on the growing demand and opportunities in the region.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:12 pm

AMZN

HDRO

HYDR

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are trading marginally higher in the premarket session after announcing the hiring of Dean Fullerton as the new Chief Operating Officer. Fullerton joins from Amazon.com, Inc. (NASDAQ:AMZN), where he was responsible for engineering services. Plug Power and Amazon have a long-term business relationship. Investors can also gain exposure to Plug Power via Global X Hydrogen ETF (NASDAQ:HYDR) and ETF Series Solutions Defiance Next Gen H2 ETF (NYSE:HDRO).

Portfolio Pulse from Nabaparna Bhattacharya

July 30, 2024 | 1:09 pm