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TPET

Trio Petroleum's stock is trading higher following the announcement of the commencement of oil sales from its California assets.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:05 pm

CAPR

Capricor Therapeutics announced a Type-B meeting with the FDA regarding its CAP-1002 program for Duchenne Muscular Dystrophy. The FDA's feedback supports the company's requests for a pre-BLA meeting and a subsequent rolling BLA submission following an upcoming Q2 Type-B FDA meeting.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:04 pm

SNOW

Snowflake announced the launch of Arctic, an enterprise-grade large language model, marking a significant expansion into AI services. This move is expected to enhance Snowflake's offerings in the data analytics and AI sectors, potentially increasing its competitive edge and attracting more enterprise customers.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:02 pm

RENB

Renovaro Inc. (NASDAQ:RENB) is set to acquire 100% ownership of Cyclomics, enhancing their partnership in cancer diagnostics. This move aims to leverage Cyclomics' ultra-sensitive molecular biology and Renovaro's AI-driven diagnostics to advance cancer detection and treatment monitoring. The collaboration benefits from relationships with Oxford Nanopore and Nvidia, promising to position RenovaroCube as a leader in the field. The acquisition, initially for 75%, now includes the remaining 25% of Cyclomics, indicating the success of their partnership and the potential to transform patient care with high accuracy in non-invasive early cancer detection.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:01 pm

AMRX

Amneal Pharmaceuticals' stock is trading higher following the FDA's approval of its OTC Naloxone Hydrochloride Nasal Spray, intended for the emergency treatment of opioid overdose.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:58 pm

DPRO

PRZO

ParaZero Technologies Ltd. (NASDAQ:PRZO) received a significant purchase order from Draganfly Inc. (NASDAQ:DPRO) for integrating its advanced safety technology into Draganfly's Commander 3XL drones. This partnership aims to enhance the safety and operational capabilities of the drones for critical missions, with ParaZero's parachute safety solutions making the drones safer and more reliable.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:54 pm

CYTO

Altamira Therapeutics announced the publication of positive results from its Bentrio trial in seasonal allergic rhinitis in the Allergy journal. The study met its primary efficacy endpoint, showing improvement in nasal symptoms, health-related quality of life, and reduced need for relief medication. These outcomes support Altamira's plans for further international expansion.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:48 pm

AMZN

GOOG

NVDA

TSLA

Tesla Inc plans to install 85,000 Nvidia Corp H100 chips by year-end to train its AI models, potentially becoming Nvidia's largest customer, surpassing Amazon and Alphabet's Google. This move is part of Elon Musk's AI initiatives, including the development of robots and a supercomputer. Nvidia, facing a significant stock value drop due to market conditions, remains a leader in the accelerator market. Tesla's stock saw an 11.40% increase in premarket trading.

Portfolio Pulse from Anusuya Lahiri

April 24, 2024 | 12:48 pm

AMZN

VCR

XLY

Amazon is expanding its cloud computing division, AWS, in Southeast Asia with new cloud regions to meet customer demands for local data storage and protection. This move is in response to the needs of startups, large enterprises, and government agencies for local technological deployments. Amazon's AWS leads the global cloud service market with a 31% share. The company announced a significant investment in Malaysia and plans for a new region in Thailand. Analysts are optimistic about Amazon's growth in AWS, advertising, and retail, highlighting its leading position in generative AI and potential market outperformance.

Portfolio Pulse from Anusuya Lahiri

April 24, 2024 | 12:44 pm

TSLA

Wedbush analyst Daniel Ives maintained an Outperform rating on Tesla, Inc. (NASDAQ:TSLA) but reduced the price target from $300 to $275 after Q1 earnings. Ives highlighted Tesla's strategy for growth, including a lower cost vehicle planned for 2025, and the importance of execution in the China market. Despite challenges, the bullish thesis is reinforced by Tesla's roadmap, cost cuts, and advancements in full self-driving technology. Tesla's stock rose 11.57% in premarket trading to $161.42.

Portfolio Pulse from Shanthi Rexaline

April 24, 2024 | 12:43 pm