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AAPL

Apple Inc. (NASDAQ:AAPL) CEO Tim Cook did not provide specific details about the partnership with OpenAI during the third-quarter earnings call. The collaboration, announced at WWDC 2024, integrates ChatGPT into Siri and new writing tools. Apple's revenue for the quarter grew by 4.9%, surpassing expectations.

Portfolio Pulse from Ananya Gairola

August 02, 2024 | 2:06 am

TMC

Seabed mining companies, including The Metals Company (NASDAQ:TMC), believe the industry will develop regardless of the outcome of the UN International Seabed Authority's leadership vote. The authority is finalizing rules for seabed mining, aiming for completion by 2025. Environmental concerns and political opposition from some nations, such as France and Chile, are significant factors in the debate.

Portfolio Pulse from Matt Whittaker

August 01, 2024 | 11:10 pm

AAPL

AMD

AMZN

CRWD

META

NVDA

SERV

SPY

TSLA

ZAPP

The article lists the top 20 most-searched tickers on Benzinga Pro for July 2024, highlighting Tesla, Nvidia, SPDR S&P 500 ETF Trust, Advanced Micro Devices, Serve Robotics, Zapp Electric Vehicles, Apple, Meta Platforms, CrowdStrike, and Amazon. It also mentions notable movements and reasons behind the search rankings.

Portfolio Pulse from Chris Katje

August 01, 2024 | 10:55 pm

SIMO

Silicon Motion Technology has provided its Q3 and FY24 revenue guidance, with Q3 revenue expected to be between $205M-$216M and FY24 revenue between $800M-$830M. The company is optimistic about its long-term growth due to new programs with flash maker customers and strong NAND OEM business, despite softness in the retail SSD market.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:04 pm

INTC

Intel reports that over 15 million Windows AI PCs have been shipped since launch. However, export license restrictions in May impacted Q2 client business in China, and weaker Q3 spending is expected in consumer and enterprise markets, especially in China. Dependence on external wafers for AIPC chip ramp will pressure gross margins, but transitioning Intel 3 and Intel 4 wafers to an Ireland facility saved $1 billion and will improve long-term gross margins. Sequential growth in the data center is expected in H2 as demand for traditional servers improves.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:47 pm

AMZN

Amazon's CEO reports lower selling prices as customers opt for cheaper alternatives. Discretionary and high-ticket items like computers and electronics are growing faster than the industry average but slower than in a strong economy. Seller fees are slightly lower than expected due to recent fee adjustments.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:46 pm

CLAR

Clarus Corporation (CLAR) has provided its fiscal year 2024 outlook, expecting sales between $270 million to $280 million, adjusted EBITDA of $11 million to $14 million, and capital expenditures of $6 million to $7 million. The company is focusing on scaling its Adventure segment in North America and Europe.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:41 pm

MELI

Mercado Libre (NASDAQ:MELI) reported strong Q2 earnings with revenue and EPS beating estimates. Revenue grew 42% YoY to $5.07 billion, and EPS was $10.48. Brazil and Mexico saw significant growth, with revenue up 51% and 66% respectively. The company also reported growth in commerce and fintech segments and highlighted future opportunities, including a potential banking license in Mexico.

Portfolio Pulse from Chris Katje

August 01, 2024 | 9:34 pm

SUPN

Supernus Pharmaceuticals has resubmitted its New Drug Application (NDA) to the FDA for its apomorphine infusion device (SPN-830), aimed at treating motor fluctuations in Parkinson's disease.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:30 pm

CNTG

Centogene shares are trading lower after the company announced data from its Rostock International Parkinson's Disease Study, revealing genetic factors and prevalence of Parkinson's disease.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:27 pm