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SMH

Jim Cramer suggests that Nvidia (NVDA) could surpass Microsoft (MSFT) in market value due to its significant role in AI, cloud computing, and data centers. Nvidia's products are becoming essential for tech infrastructure, and it is seen as a key AI beneficiary. Nvidia's stock has gained over 186% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

May 30, 2024 | 1:07 pm

CYTH

Cyclo Therapeutics has completed the enrollment of the last patient in its Phase 3 TransportNPC trial for Niemann-Pick Disease Type C1. The trial is the most comprehensive study for NPC1 treatment, and topline data from the 48-week interim analysis of 104 patients is expected in H1 2025.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:04 pm

CSCO

LNVGY

Lenovo and Cisco have announced a global partnership to provide integrated infrastructure and networking solutions aimed at accelerating digital transformation.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:03 pm

SNBR

Sleep Number is set to present new research at SLEEP 2024, focusing on smart bed data and findings from their Smart Sleeper Panel.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:01 pm

AIRG

Airgain, Inc. (NASDAQ:AIRG) has signed a Memorandum of Understanding (MOU) with Compal Electronics, Inc. to commercialize Airgain's 5G Smart Fixed Wireless Access (FWA) technology, Smart Lantern. This partnership aims to enhance customer experience and reduce operators' installation costs.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:57 pm

CGC

Canopy Growth Corporation (NASDAQ: CGC) reported a 7% year-over-year increase in Q4 net revenue, driven by strong performance in its subsidiary Storz & Bickel and growth in the Canadian and international cannabis markets. The company also achieved significant cost reductions and improved gross margins. CEO David Klein highlighted progress in reducing expenses, cash burn, and debt, and expressed optimism about regulatory shifts in Germany and the U.S. Canopy's shares traded 0.24% higher in pre-market trading.

Portfolio Pulse from Jelena Martinovic

May 30, 2024 | 12:55 pm

LYB

LyondellBasell (LYB) has acquired a 35% stake in Saudi Arabia-based National Petrochemical Industrial Company (NATPET) from Alujain Corporation. This acquisition will allow LYB to expand its core polypropylene business by leveraging advantaged feedstocks and increasing product marketing volumes.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:51 pm

FL

Foot Locker, Inc. (NYSE:FL) shares surged by 13.8% in premarket trading after reporting Q1 earnings that beat expectations. The company posted adjusted EPS of 22 cents, surpassing the street view of 12 cents, although sales slightly missed estimates. Despite a year-over-year decline in total sales and gross margin, Foot Locker's strategic initiatives and store updates have shown positive signs. The company reiterated its FY24 adjusted EPS guidance and expects a sales change of (1%)-1% for the year.

Portfolio Pulse from Nabaparna Bhattacharya

May 30, 2024 | 12:46 pm

VZ

Verizon Public Sector has been awarded a 10-year, $2.67 billion contract by the Department of the Navy to provide wireless devices and services. This contract, known as Spiral 4, aims to offer cost-effective and advanced wireless mobility solutions to military personnel and federal civilian agencies.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:44 pm

SON

Sonoco Products has opened a new Sonoco Metal Packaging Technical & Engineering Center, which is expected to enhance their capabilities in metal packaging solutions.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:44 pm