Streetbeat News

Products Services

GOOG

GOOGL

Google has announced significant advancements in its Vertex AI platform, including the addition of Anthropic's newly released model, Claude 3.5 Sonnet. This move aims to enhance enterprise AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:06 pm

MSTR

MicroStrategy is set to release the MicroStrategy ONE platform, which will provide enterprise-level, contextual AI insights into any application within a no-code environment.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:05 pm

EQNR

SLB

SLB has been awarded a contract by Equinor for the Front-End Engineering Design (FEED) of a 12-well all-electric subsea production systems project in the Fram Sør field, offshore Norway. The project aims to enhance operator control, efficiency, and reduce offshore emissions. A future Engineering, Procurement, and Construction (EPC) contract is expected to be awarded to SLB OneSubsea pending a final investment decision.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:03 pm

MSFT

NVDA

Nvidia briefly surpassed Microsoft as the world's most valuable company but has since lost nearly $500 billion in market value. Investor concerns about Nvidia's valuation and competition in the AI chip market contributed to the decline. Despite this, analysts remain bullish on Nvidia's long-term growth prospects.

Portfolio Pulse from Navdeep Yadav

June 27, 2024 | 1:03 pm

RIVN

Rivian projects Q2 vehicle production of 9.1K-9.3K, below estimates of 10.29K, but Q2 deliveries are expected to be 13K-13.3K, above estimates of 10.24K. The company plans $2.5B+ in capex reductions from 2023-2025, expects a 45% material cost reduction from R1 Gen 2 to R2, and targets the R2 launch in 2026. Rivian reaffirms its 2024 guidance of 57K units produced and aims for a 10% long-term free cash flow margin and high-teens adjusted EBITDA margin.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:00 pm

XFOR

X4 Pharmaceuticals shares are trading lower following the announcement of clinical data from its ongoing Phase 2 trial evaluating mavorixafor for chronic neutropenia treatment.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:58 pm

BYND

MCD

McDonald's (NYSE:MCD) confirmed that its plant-based meat options in the U.S. were unsuccessful, with customers preferring chicken over plant-based proteins. The McPlant burger trial did not meet expectations, and McDonald's is now focusing on expanding its chicken offerings. Beyond Meat Inc. (NASDAQ:BYND) partnered with McDonald's for the McPlant burger.

Portfolio Pulse from Shivani Kumaresan

June 27, 2024 | 12:57 pm

XYLO

Xylo Technologies shares are trading higher after the company announced it received its first commercial order for the deployment of its wireless charging system designed for automatic parking facilities.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:52 pm

CASI

CASI Pharmaceuticals shares are trading higher following the announcement of plans to submit an Investigational New Drug application to the FDA for CID-103, aimed at treating antibody-mediated rejection in kidney transplant recipients. Additionally, the company received a preliminary non-binding proposal from CEO and Chairman Wei-Wu He to acquire its business operations in China.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:49 pm

MU

NVDA

Nvidia Corp (NASDAQ:NVDA) shares are trading lower on Thursday in sympathy with Micron Technology Inc (NASDAQ:MU) after Micron reported its third-quarter financial results and issued guidance. Nvidia's shareholders approved all resolutions, including a 60% increase in CEO Jensen Huang's compensation package for the 2024 fiscal year. Huang credited Nvidia's success in AI chips to a strategic bet over a decade ago. Nvidia aims to create new markets for its AI technology and plans to partner with major computer makers and cloud providers.

Portfolio Pulse from Anusuya Lahiri

June 27, 2024 | 12:49 pm