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NVDA

ORBIT-Surgical, a new AI research project, is training surgical robots in simulation using NVIDIA Isaac Sim and NVIDIA Omniverse. This development is being showcased at the ICRA robotics conference.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:28 pm

NIO

TSLA

Nio Inc (NYSE:NIO) shares are trading higher following the launch of its first vehicle under the new Onvo brand. The Onvo L60 is designed to compete with Tesla's Model Y and Toyota's RAV4. This launch comes shortly after reports of Nio collaborating with BYD on new batteries. Despite the positive news, Wall Street analysts remain neutral on Nio, with some expecting a significant decline in stock price.

Portfolio Pulse from Adam Eckert

May 15, 2024 | 1:26 pm

CRLBF

Cresco Labs Inc. reported its Q1 2024 financial results, highlighting a 10x increase in operating cash flow year-over-year. The company maintained flat revenue at $184 million, improved its adjusted gross profit by 7%, and reduced adjusted SG&A expenses by 24%. Cresco also retained its No.1 market share in Illinois, Pennsylvania, and Massachusetts. CEO Charles Bachtell expressed optimism about potential federal rescheduling of cannabis.

Portfolio Pulse from Jelena Martinovic

May 15, 2024 | 1:25 pm

HPE

Hewlett Packard Enterprise (HPE) has announced new solutions for its HPE GreenLake Cloud platform, aiming to enhance cloud services and customer experience.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:22 pm

DIS

Disney CEO Bob Iger announced that marketing expenses for Disney+ are too high and the company will cut marketing spend while investing in Disney+ technology.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:22 pm

IPWR

STLA

Ideal Power Inc (NASDAQ: IPWR) reported Q1 FY24 earnings with commercial revenue of $78,739 and a net loss of $2.5 million. The company raised $15.7 million through a public equity offering and held $20.2 million in cash as of March 31, 2024. CEO Dan Brdar expects the solid-state circuit breaker market to drive future revenue growth. Ideal Power completed Phase II of a product development program with Stellantis NV (NYSE: STLA) and added Richardson Electronics as a distributor.

Portfolio Pulse from Shivani Kumaresan

May 15, 2024 | 1:20 pm

TIXT

TU

TELUS is investing $10 billion in Quebec through 2028 to expand and improve network infrastructure, as part of a larger $73 billion commitment across Canada. This investment aims to enhance connectivity in isolated and rural communities, supporting innovation and growth.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:20 pm

STXS

Stereotaxis (NYSE:STXS) has been invited to present its robotic solution for cardiac ablation therapy at the HRS Africa Summit 2024. The company aims to address the lack of electrophysiology labs in Africa by leveraging advanced robotic technology and telerobotic presence.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:14 pm

PFG

Principal Financial Group (PFG) has launched a new private infrastructure debt capability, aiming to provide institutional investors with access to infrastructure debt investments. This move is part of PFG's strategy to expand its alternative investment offerings.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:13 pm

SGD

Safe and Green Development Corporation (SGD) reported Q1 2024 revenue of $49,816, a GAAP net loss of $3,067,671, and an adjusted EBITDA loss of $432,004. Key operational highlights include the sale of the St. Mary's site for $1.35M, acquisition of XENE Real Estate AI Software, and securing financing for the Norman Berry expansion. The company aims to achieve $1M in revenue in Q2 from the St. Mary's sale and expand its XENE subscriber base.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:12 pm