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AMD

NVDA

Jim Cramer commented on AMD, stating that while AMD under $150 would be 'terrific,' it still doesn't match Nvidia's capabilities. Despite AMD's progress in the tech industry, including securing 33% of the server CPU market and expanding partnerships, it faces challenges in competing with Nvidia, especially in the AI sector.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 11:04 am

IONS

Ionis Pharmaceuticals announced positive results from its OASIS-HAE and OASISplus studies of the investigational medicine Donidalorsen in patients with hereditary angioedema. The studies showed significant improvements in patient outcomes.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 11:04 am

GGR

Terpel and Gogoro have launched a battery swapping service in Bogota, Colombia, under the Terpel Voltex brand. They also introduced the Gogoro 2 Plus and Gogoro VIVA Mix Smartscooters.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 11:03 am

META

PINS

SNAP

TikTok, owned by ByteDance, has paused its e-commerce expansion into Europe to focus on the U.S. market. The company halted plans to roll out shopping features from Spain to Italy.

Portfolio Pulse from Charles Gross

May 31, 2024 | 10:43 am

PNM

PNM Resources announced that its unit, Public Service Company of New Mexico (PNM), has received approval from the New Mexico Public Regulation Commission to add 410 megawatts of solar and battery storage capacity by summer 2026. This move aims to meet the growing demand from PNM's retail customers, which saw record peak demand in the summers of 2022 and 2023.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:35 am

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher in the premarket session after announcing a significant contract with the Department of Defense. The contract includes a $153 million order and potential additional awards up to $480 million over five years. Palantir will provide AI-enabled operating systems and integrate third-party capabilities to enhance military operations.

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2024 | 10:30 am

MSFT

OpenAI has revealed that its AI tools are being exploited by networks associated with Russia, China, Iran, and Israel to spread disinformation. These operations have focused on various global issues, including Russia’s invasion of Ukraine and the Gaza conflict. OpenAI is working on AI-powered tools to detect and combat such disinformation.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 10:21 am

EH

EHang Holdings has signed a Memorandum of Understanding with Taiyuan Xishan Ecological Tourism Investment Construction, receiving a $15.6M purchase order for 50 EH216-S pilotless eVTOL aircraft. Xishan Tourism also plans to purchase an additional 450 units over the next two years.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:19 am

AAPL

SSNLF

Huawei has surpassed Samsung in global foldable smartphone shipments for Q1 2024, driven by a 257% YoY growth in 5G-enabled foldables. The global foldable market saw a 49% YoY increase, with Huawei leading the surge. Other players like Honor and Motorola also saw significant growth.

Portfolio Pulse from Rounak Jain

May 31, 2024 | 10:17 am

JKS

JinkoSolar announced that its perovskite tandem solar cell based on N-type TOPCon has set a new record with a conversion efficiency of 33.24%, surpassing the previous record of 32.33% for the same type of tandem cells.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:07 am