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ASTI

Ascent Solar Technologies (NASDAQ:ASTI) shares are soaring due to increased trading volume and social media attention. The surge is likely driven by positive sentiment in the solar sector following President Biden's announcement of increased tariffs on Chinese solar cells. Ascent Solar's trading volume has significantly exceeded its average, and the stock is trending on social platforms. The company recently announced a firm order for its thin-film photovoltaic solutions and is set to report Q1 earnings in early June.

Portfolio Pulse from Vaishali Prayag

May 23, 2024 | 6:38 pm

DRI

LULU

Red Lobster, once the largest seafood restaurant chain, has filed for Chapter 11 bankruptcy. The chain, previously owned by Darden Restaurants Inc (NYSE:DRI), is auctioning off kitchen equipment but will not fully shut down. Issues like the 'Endless Shrimp' promotion and frequent leadership changes contributed to its downfall. Thai Union, a major stakeholder and supplier, is also implicated in the chain's financial troubles.

Portfolio Pulse from Aaron Bry

May 23, 2024 | 6:36 pm

AZTR

Azitra has received a Notice of Allowance for its U.S. patent application titled 'THERAPEUTIC TREATMENT OF SKIN DISEASE WITH RECOMBINANT COMMENSAL SKIN MICROORGANISMS'. This patent could enhance Azitra's position in the therapeutic skin treatment market.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 6:14 pm

AMZN

META

MSFT

NVDA

Nvidia reported impressive fiscal first quarter results, surpassing estimates with a 262% YoY revenue growth to $26.04 billion. Key contributors include Google, Microsoft, Meta, Amazon, and OpenAI, driving demand for AI chips. Nvidia's shares rose 7% in extended trading. The company expects continued growth with its next-generation AI chip, Blackwell.

Portfolio Pulse from Upwallstreet

May 23, 2024 | 6:13 pm

AZTR

Azitra has received a Notice of Allowance for its US patent application titled 'Therapeutic Treatment Of Skin Disease With Recombinant Commensal Skin Microorganisms'. This development could enhance the company's intellectual property portfolio and potentially lead to new therapeutic treatments for skin diseases.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 6:12 pm

BA

Boeing's stock fell over 6% after CFO Brian West announced negative cash flow for 2024 and delivery delays due to regulatory scrutiny. Production challenges and a slowdown in 737 MAX jetliner output have further complicated the situation.

Portfolio Pulse from Vaishali Prayag

May 23, 2024 | 6:11 pm

FDIS

TSLA

XLY

Tesla Inc. (NASDAQ:TSLA) has removed its target to sell 20 million vehicles annually from its latest impact report, indicating a shift in focus towards autonomy. The 2023 report highlights environmental impact, water use, and workforce initiatives but omits diversity metrics. Tesla sold 1.8 million vehicles in 2023 and plans to introduce cheaper models by late 2024. The company is also laying off over 10% of its global workforce to cut costs. Tesla stock has lost more than 7% in the last 12 months, and shares are currently trading lower by 2.91% at $174.87.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 5:57 pm

ACHR

Archer Aviation has achieved a significant regulatory milestone as the FAA has issued the final airworthiness criteria for its Midnight aircraft. This development is crucial for Archer as it moves closer to commercializing its electric vertical takeoff and landing (eVTOL) aircraft.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:39 pm

AOSL

Alpha and Omega Semiconductor (AOSL) has introduced the AONG36322 XSPairFET, a new MOSFET designed for space-constrained DC-DC applications. This new product offers approximately 60% space savings and a more efficient PCB design compared to the DFN5x6 Asymmetric Half-Bridge MOSFET.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:34 pm

LIFX

Life360 has expanded its app's language support to include Danish, Finnish, Norwegian, Dutch, and Swedish, aiming to increase its user base in these regions.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:34 pm