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TSLA

Tesla's stock has been underperforming for over two years, leading some early backers to lose faith. Gabelli Funds sold all its Tesla shares, and other investors like Gary Black and Ross Gerber have reduced their holdings. Despite the challenges, most analysts remain optimistic about Tesla's future growth in energy storage, self-driving technology, and robotaxis.

Portfolio Pulse from Shanthi Rexaline

June 05, 2024 | 8:49 am

NXPI

Vanguard International Semiconductor and NXP have formed a strategic alliance to launch VisionPower Semiconductor, which will construct a 300mm fab in Singapore. The fab will support 130nm to 40nm mixed-signal, power management, and analog products, targeting various end markets. TSMC will license and transfer the underlying process technologies to the joint venture.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 7:58 am

ABUS

Arbutus's imdusiran combined with short-term interferon successfully maintains undetectable HBsAg levels, essential for a functional cure of HBV. 33.3% of patients achieved undetectable HBsAg levels, maintained in 100% of these patients 24 weeks post-treatment. Six patients have undetectable HBsAg and HBV DNA after stopping all therapy.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 7:50 am

ALGS

Aligos Therapeutics presented data at the EASL Congress 2024 showing that their drug ALG-000184 demonstrated potent antiviral activity for chronic hepatitis B (CHB) in both HBeAg-positive and HBeAg-negative subjects. The data showed sustained HBV DNA suppression in 90% of HBeAg-positive CHB subjects with no viral breakthrough over 72 weeks.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 7:30 am

RKLB

Rocket Lab has successfully completed its second launch for NASA's PREFIRE mission, marking another milestone in its collaboration with the space agency.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 7:23 am

NVDA

TSLA

Tesla Inc. (NASDAQ:TSLA) will allocate $3-$4 billion of its $10 billion AI budget to Nvidia Corp. (NASDAQ:NVDA) for hardware purchases, with the rest spent internally on AI inference computers, sensors, and the Dojo supercomputer. Elon Musk clarified that the decision to redirect 12,000 Nvidia H100 chips to his other companies was due to space constraints at Tesla.

Portfolio Pulse from Anan Ashraf

June 05, 2024 | 7:15 am

MU

Micron has started sampling its next-generation GDDR7 graphics memory, which is expected to significantly enhance gaming and AI performance.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:50 am

CPB

Top Wall Street analysts have updated their expectations for Campbell Soup Company (NYSE:CPB) ahead of its third-quarter earnings release. Analysts predict earnings of 70 cents per share and revenue of $2.35 billion. The company recently announced strategic plans to revamp its supply chain. Analyst ratings have varied, with some upgrades and price target adjustments.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 6:25 am

NVDA

TSLA

Tesla investor Ross Gerber criticized Elon Musk for redirecting Nvidia AI chips meant for Tesla to his social media company, X, and xAI. This move could delay Tesla's supercomputer development, crucial for its AI and robotics advancements. Tesla stock closed 0.86% lower, while Nvidia closed 1.25% higher.

Portfolio Pulse from Benzinga Neuro

June 05, 2024 | 6:17 am

HYMTF

Hyundai Motors has partnered with Chef Corey Lee to launch 'Na Oh', a new casual dining venture in Singapore. The restaurant, opening on June 15, 2024, will feature a 4-course prix fixe menu and aims to blend food, tradition, and innovation.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:03 am