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NVDA

SMH

Nvidia Corp announced the acquisition of Israeli startup Run:ai for approximately $700M, aiming to enhance AI management capabilities. This marks Nvidia's most significant acquisition in Israel since Mellanox Technologies in 2020. Run:ai specializes in managing AI workloads and will integrate into Nvidia's operations in Israel. Nvidia plans to continue Run:ai's product sales and invest in its roadmap. Nvidia's stock has seen a 204% increase over the last 12 months, partly due to the AI market expansion.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 1:07 pm

QMCO

Quantum Corporation (NASDAQ:QMCO) and Carahsoft Technology Corp. have announced a partnership to distribute Quantum's data management solutions to the US Federal Government and Public Sector. Carahsoft will act as a Federal Distributor, offering Quantum's products through various contracts and schedules. The partnership aims to provide Public Sector organizations with advanced tools for data storage, management, and analysis, leveraging Quantum's AI-driven data platform and comprehensive product suite.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:06 pm

MAT

SSNLF

Mattel, Inc. (NASDAQ:MAT) has partnered with Samsung to launch its first three 24/7 Free Ad Supported Streaming (FAST) channels on Samsung TV Plus. The channels, named Barbie and Friends, Hot Wheels Action, and Mattel Jr., will feature content from Mattel's iconic brands and are set to go live later this year. This partnership marks Mattel's first foray into the FAST streaming service, aiming to engage fans with their favorite characters and storylines through Samsung's expanding content offering.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:04 pm

BSPK

GCTK

TGEN

Insiders at Tecogen Inc., Bespoke Extracts Inc., and GlucoTrack Inc. have recently made significant purchases of their companies' stocks, signaling potential confidence in their respective companies' futures. Tecogen is poised to release its Q1 financial results, Bespoke Extracts has seen a 22% stock decline over six months, and GlucoTrack announced the closing of a private placement.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 1:03 pm

AZN

AstraZeneca Plc (NASDAQ:AZN) reported Q1 sales of $12.68 billion, a 17% increase year over year, driven by strong sales in cancer drugs, but missed the adjusted EPADS consensus. The company saw an 18% increase in Product Sales and growth in Alliance Revenue. R&D expenses rose to $2.7 billion, with sales and administration costs up due to marketing for new drugs. Oncology sales jumped 26% to $5.12 billion, with Tagrisso and Imfinzi leading. CVRM sales increased 20%, and Rare Disease drug sales were up 12%. AstraZeneca reaffirmed its fiscal year 2024 guidance for revenue and core EPS to increase by a low double-digit to low teens percentage. AZN shares were up 4.99% at $74.75 in the premarket session.

Portfolio Pulse from Vandana Singh

April 25, 2024 | 1:03 pm

SGBX

Safe & Green Holdings Corp. (NASDAQ:SGBX) has announced an agreement to produce four modular electrical distribution centers for a client in the big box retailer market, as part of a potential 20-unit order for 2024. These units are designed for flexible and efficient electricity distribution, showcasing the company's expertise in modular construction.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:02 pm

CMCSA

Comcast Corp (NASDAQ:CMCSA) reported Q1 earnings with a revenue increase of 1.2% YoY to $30.058 billion, surpassing estimates. EPS was $1.04, beating the 99 cents forecast. Peacock subscribers rose 55% YoY to 34 million. Despite positive results, CMCSA shares fell 3.62% to $38.76.

Portfolio Pulse from Adam Eckert

April 25, 2024 | 12:57 pm

EADSY

China is reportedly in discussions to place a significant order with Airbus, potentially involving hundreds of jets, according to Reuters. This move could mark a major deal for Airbus in the competitive aviation market.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:52 pm

SKYX

SKYX Platforms Corp. (NASDAQ:SKYX) announces a collaboration with Chinese lighting supplier Ruee Appliances to enhance market penetration in the US, Chinese, and European markets. This partnership aims to provide SKYX with financial support, mass production capabilities, and global distribution, expected to improve operational efficiencies and gross margins. SKYX, known for its smart platform technology and numerous patents, also highlighted its recent achievements including record sales and partnerships with industry leaders like General Electric.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:50 pm

CNDT

Conduent Incorporated (NASDAQ:CNDT) has implemented an Express Lanes tolling system for the Virginia Department of Transportation (VDOT) on a segment of the I-64 Hampton Roads Express Lanes. The system, part of a 2021 contract, includes dynamic pricing, automated license plate recognition, and vehicle classification technologies to improve traffic flow and reduce congestion. This segment is the first of four to be implemented, potentially expanding into a 45-mile Express Lanes network.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:49 pm