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AMD

ARM

ASML

INTC

NVDA

SOXX

Nvidia's stock plunged nearly 10% to below $100, leading a broader decline in semiconductor stocks in premarket trading. The drop is attributed to a rumored delay in Nvidia's next-gen Blackwell accelerators due to a design flaw. Other semiconductor stocks, including AMD, Intel, Arm Holdings, and ASML, also saw significant declines.

Portfolio Pulse from Shanthi Rexaline

August 05, 2024 | 10:51 am

IGT

MCRI

IGT has expanded its sports betting footprint in Nevada and Colorado through an agreement with Monarch Casino & Resort. The IGT PlaySports platform and trading advisory services will power retail and mobile sports betting at Atlantis Casino Resort Spa in Reno, Nevada, and Monarch Casino Resort Spa in Black Hawk, Colorado.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:50 am

AMZN

GLD

SPY

UNG

USO

Global markets experienced significant declines, with Japan's Nikkei 225 crashing 13.47% and U.S. indices closing lower due to disappointing jobs data. The Nasdaq Composite entered correction territory, and recession fears heightened. Commodities like crude oil and natural gas also fell, while gold remained near record highs.

Portfolio Pulse from Akanksha Bakshi

August 05, 2024 | 10:44 am

OCGN

Ocugen has received notification from the FDA to begin its Expanded Access Program for treating adult patients with OCU400.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:31 am

BYDDY

TSLA

Tesla registrations in the UK fell by 13% till the end of July, with a 22% drop in July alone. Ford also saw a 31% dip in new registrations last month. In contrast, Chinese EV maker BYD saw an 848% increase in registrations, and MG Motor saw a 2.7% rise. Volkswagen was the best-selling brand in the UK in July.

Portfolio Pulse from Anan Ashraf

August 05, 2024 | 10:11 am

AMZN

GOOG

GOOGL

WMT

GooglePay, AmazonPay, and Walmart-backed PhonePe, along with Indian fintech firms Cred and Mobikwik, are set to join the Reserve Bank of India's digital currency pilot project. These firms, which account for over 85% of digital payments via UPI, are expected to roll out e-rupee access within the next three to four months. The inclusion of these firms is anticipated to boost e-rupee transaction volumes.

Portfolio Pulse from Nivedita Hazra

August 05, 2024 | 10:07 am

JOUT

Johnson Outdoors is committed to investing in revenue and profit-generating initiatives, focusing on innovation, digital, and e-commerce capabilities. The company is also expanding cost-saving actions to boost margins and reduce inventory levels.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:04 am

BNTX

GMAB

Genmab A/S (NASDAQ:GMAB) will take over the development and potential commercialization of acasunlimab after BioNTech SE opted out. Genmab plans to start a Phase 3 study in late 2024. BioNTech's decision is based on its portfolio strategy, but their collaboration in antibody science continues.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:53 am

TELL

WDS

Woodside Energy Group Limited (NYSE:WDS) is acquiring OCI Global’s Clean Ammonia project in Beaumont, Texas, for $2.35 billion. The project aims to produce lower-carbon ammonia, with Phase 1 expected to start in 2025 and Phase 2 in 2026. The acquisition is expected to be accretive to free cash flow starting in 2026 and to earnings per share from 2027. WDS shares are down 3.90% premarket.

Portfolio Pulse from Lekha Gupta

August 05, 2024 | 9:45 am

Aurora Mobile Limited (NASDAQ:JG) has signed a strategic agreement with Bank of Zhangjiakou to support the bank's digital transformation using its customer engagement and marketing technology services.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:02 am