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Amazon is testing its own AI chips in Texas to reduce reliance on Nvidia's expensive chips. This move aligns with similar initiatives by Microsoft and Google. Amazon's AI chips, Trainium and Inferentia, offer significant cost savings. AWS, Amazon's cloud computing arm, saw a 17% revenue increase in the first quarter. Nvidia remains a dominant player in the AI sector, with a significant market share.

Portfolio Pulse from Anusuya Lahiri

July 26, 2024 | 12:20 pm

BABA

META

NVDA

Alibaba and Tencent have integrated Meta's latest AI model, Llama 3.1, into their cloud services. This move comes amid strained U.S.-China relations and advanced semiconductor sanctions. Alibaba's stock has been under pressure, losing over 22% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

July 26, 2024 | 12:15 pm

LAES

SEALSQ has appointed Katsu Miyahata as the Sales Director and Representative Director for Japan. Miyahata will lead the expansion of IoT security and brand enhancement operations in the region.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:09 pm

BMY

Bristol Myers Squibb (NYSE:BMY) reported strong Q2 earnings, with revenues of $12.20 billion, beating expectations. The growth was driven by newer drugs like Opdivo and Eliquis. The company raised its 2024 profit forecast and expects revenue growth at the upper end of the low single-digit range.

Portfolio Pulse from Vandana Singh

July 26, 2024 | 12:08 pm

NTRA

Natera has announced a study published in the Journal of Clinical Oncology that highlights the high accuracy of its Signatera test for the surveillance of Merkel Cell Carcinoma patients. The study suggests that the test could potentially reduce the frequency of surveillance imaging.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:01 pm

TSLA

Tesla Inc. has introduced a new $120 detailing kit for its Model S, 3, X, and Y vehicles, excluding the Cybertruck due to its stainless steel exterior. The kit includes four cleaning solutions for different surfaces. Tesla recommends hand washing the Cybertruck with pH-neutral soap or waterless wash.

Portfolio Pulse from Anan Ashraf

July 26, 2024 | 11:42 am

GERN

Geron Corporation announced that the updated NCCN guidelines now recommend RYTELO (Imetelstat) for the treatment of symptomatic anemia in patients with lower-risk MDS.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 11:36 am

SON

Sonoco Products has installed a resilient off-grid solar electric vehicle charger from Paired Power in South Carolina. This installation is part of Sonoco's efforts to enhance sustainability.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 11:32 am

BTCUSD

A village in Kenya is adopting Bitcoin in various aspects of life, from local shops to gyms, thanks to community-driven initiatives. Bitcoin is helping with rural electrification and improving living conditions. The initiative is led by Jusper Machogu, a fossil fuel advocate, who defends Bitcoin's environmental impact.

Portfolio Pulse from Aniket Verma

July 26, 2024 | 11:30 am

BIIB

ESALF

The European Medicines Agency's Committee for Medicinal Products for Human Use has adopted a negative opinion on the approval of Eisai and Biogen's Lecanemab for early Alzheimer's treatment. Eisai plans to seek re-examination and work with authorities to make the treatment available in the EU.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 11:24 am