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Oracle has announced the general availability of HeatWave GenAI, a new service that allows users to build generative AI applications without AI expertise or additional cost. The service is available immediately in all Oracle Cloud regions and is claimed to be significantly faster than competitors like Snowflake, Google BigQuery, and Databricks.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 3:04 pm

AMAT

Financial giants have shown significant interest in Applied Materials (NASDAQ: AMAT) through unusual options trades. The trades are split evenly between bullish and bearish sentiments, with a price range target of $130 to $280. Analysts have mixed ratings, with price targets ranging from $225 to $300.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 3:04 pm

VSH

Vishay Intertechnology has introduced 16 new Gen 3 1200V Silicon Carbide Schottky Diodes, which feature a merged PIN Schottky design to enhance surge current robustness, efficiency, and reliability in switching power designs.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 3:03 pm

INTC

Intel has demonstrated a significant advancement in integrated photonics technology by showcasing the first fully integrated optical compute interconnect chiplet co-packaged with a CPU at OFC 2024. This development is expected to enhance high-bandwidth I/O for AI and HPC applications.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 3:02 pm

OSTX

OS Therapies Incorporated (NYSE:OSTX) is set to IPO on June 27 on the NYSE, offering shares at $4.00 each. The insider lock-up period will last 180 days, ending on December 24, 2024. The company focuses on treatments for osteosarcoma and other solid tumors.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 3:00 pm

LYEL

Lyell Immunopharma shares are trading lower after the company reported dose-dependent clinical activity from the Phase 1 trial of LYL797.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:53 pm

ALB

CME

LIT

LITP

Albemarle Corporation (NYSE:ALB) shares are trading higher as the company plans additional lithium auctions to enhance price transparency and strengthen supply contracts with automakers. The move aims to address the opaque lithium market and provide clearer pricing. The London Metal Exchange has yet to launch its lithium futures contract, and CME Group Inc. (NASDAQ:CME) has low trading volumes for its lithium contract. Investors can also gain exposure through Sprott Lithium Miners ETF (NASDAQ:LITP) and Global X Lithium & Battery Tech ETF (NYSE:LIT).

Portfolio Pulse from Lekha Gupta

June 26, 2024 | 2:44 pm

MCD

McDonald's USA President Joe Erlinger announced that the tests for McDonald's plant-based burger in San Francisco and Dallas have failed, indicating a lack of demand for plant-based options among diners.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:42 pm

ALB

LAC

LITM

SGML

SQM

Shares of lithium stocks are trading higher amid possible sympathy with Albemarle after the company announced it plans more lithium auctions to boost market transparency.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:41 pm

ALB

Albemarle shares are trading higher following the company's announcement to hold more auctions to enhance price transparency and market understanding.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:39 pm