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WTO

UTime Ltd (NASDAQ:WTO) shares plummeted 93% after announcing a non-disclosure agreement for acquiring Bowen Therapeutics' lab, aiming to expand into the vaccine market. The acquisition focuses on developing an mpox vaccine, but the deal is pending negotiations and regulatory approvals.

Portfolio Pulse from Henry Khederian

August 28, 2024 | 5:09 pm

ADAUSD

Cardano's 'Chang' hard fork, a major network upgrade, has been delayed until September 1st. This upgrade will introduce on-chain governance, allowing ADA holders to participate in decision-making. The delay is to give exchanges more time to prepare.

Portfolio Pulse from Murtuza Merchant

August 28, 2024 | 4:59 pm

LUMN

Lumen Technologies (NYSE:LUMN) shares are trading slightly higher despite Kerrisdale Capital's bearish report and short position. Kerrisdale doubts Lumen's AI-driven turnaround and highlights liquidity concerns. Lumen defends its position, citing strong network demand. The stock has been volatile, gaining over 200% in the past month, but analysts have mixed ratings with a 12-month price target of $3.64.

Portfolio Pulse from Erica Kollmann

August 28, 2024 | 4:56 pm

ATPC

AVAV

BOF

FL

NBIX

SMCI

VRAX

U.S. stocks fell with the Nasdaq down over 1%. Foot Locker shares dropped 11% after Q2 results, despite beating EPS and sales estimates. AeroVironment shares rose 12% following analyst upgrades. Virax Biolabs surged 24% on a new distribution agreement. BranchOut Food gained 99% on revenue growth. Agape ATP fell 31% after a reverse stock split. Neurocrine Biosciences dropped 18% despite positive study results. Super Micro Computer fell 25% due to a delayed Form 10-K filing.

Portfolio Pulse from Avi Kapoor

August 28, 2024 | 4:56 pm

BTCUSD

Veteran investor Mark Yusko predicts significant institutional adoption of Bitcoin, potentially driving a bull run with prices reaching $120,000-$150,000. He anticipates major inflows from financial advisors and wealth managers, although current ETF inflows may not reflect true demand.

Portfolio Pulse from Khyathi Dalal

August 28, 2024 | 4:53 pm

AAPL

AMZN

BTCUSD

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

The article discusses the potential impact of Nvidia's upcoming earnings on its stock and the broader market, highlighting the importance of Nvidia's guidance on Blackwell shipments. It also notes the current money flows in major tech stocks and ETFs, and the recent sell-off in Bitcoin due to various factors.

Portfolio Pulse from The Arora Report

August 28, 2024 | 4:35 pm

BIOX

Bioeceres shares are rising after reports that the USDA approved the cultivation of their drought-tolerant HB4 wheat in the U.S.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 4:19 pm

INTC

Intel has announced the recommended customer pricing for its Intel Xeon W processor family, with prices ranging from $609 for the Xeon W3-2525 to $5,889 for the Xeon W9-3595x.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 4:09 pm

INTC

Intel has launched its Xeon W-3500 and W-2500 'Sapphire Rapids Refresh' CPUs, offering significant performance improvements for workstations and AI systems. These CPUs provide up to 50% faster multi-threaded and 40% faster single-threaded performance compared to the i9-14900K, with enhanced core counts and cache.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 4:08 pm