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META

NVDA

Nvidia Corp (NASDAQ:NVDA) announced new AI services in connection with Meta Platforms Inc's (NASDAQ:META) release of the open-source large language model Llama 3.1. Nvidia introduced the AI Foundry and NIM inference microservices to support enterprise AI deployments using Llama 3.1. Both companies saw a positive impact on their stock prices.

Portfolio Pulse from Adam Eckert

July 23, 2024 | 6:20 pm

LOVFF

Cannara Biotech Inc. reported a 6% YoY drop in Q3 gross profit but a 22% revenue increase, driven by enhanced sales force and infrastructure. The company saw net revenues of CA$19.5 million and a net income of CA$2 million. Operational highlights include expansion in Manitoba and the East Coast recreational market.

Portfolio Pulse from Jelena Martinovic

July 23, 2024 | 6:06 pm

GRAB

UBER

Grab Holdings Limited (NASDAQ:GRAB) has acquired the Singapore-based dining reservation platform Chope to expand into the restaurant booking industry, following a similar strategy to Uber Technologies, Inc (NYSE:UBER). This move aims to differentiate Grab from competitors and improve margins by integrating Chope's services with Grab's existing offerings.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 6:04 pm

META

SNOW

Snowflake, Inc. (NYSE:SNOW) shares are trading higher after announcing a partnership with Meta (NASDAQ:META) to host Meta's Llama 3.1 collection of multilingual open source large language models (LLMs) in Snowflake Cortex AI. Snowflake's AI Research team has optimized Llama 3.1 for better performance and is open-sourcing its advanced LLM inference and fine-tuning optimization stack.

Portfolio Pulse from Dylan Berman

July 23, 2024 | 5:54 pm

BYDDY

BYD Co., Ltd. (OTC:BYDDY) is set to debut two new models of its Song family, the 2025 Song Plus DM-i and Song L DM-i SUVs, featuring the latest DM 5.0 hybrid system on July 25. The company has seen significant sales growth in its new energy vehicles (NEVs), with the Song family leading the sales.

Portfolio Pulse from Nabaparna Bhattacharya

July 23, 2024 | 5:36 pm

LUV

Southwest Airlines claims to have an 'exceptional' safety program with an FAA-accepted Safety Management System to manage and mitigate operational risks. The airline has also recently formed a dedicated team to enhance its existing safety management system.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:36 pm

AMZN

CMG

F

FTDR

JD

JMIA

LCID

MBLY

PHM

TSLA

The article highlights unusual options activity for 10 consumer discretionary stocks, providing insights into potential trading opportunities. The stocks mentioned include AMZN, LCID, TSLA, F, JMIA, JD, PHM, MBLY, FTDR, and CMG, with varying bullish and bearish sentiments.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 5:35 pm

BTCUSD

Prediction market data shows a 28% chance of Donald Trump announcing a strategic Bitcoin reserve, reflecting skepticism among bettors. Discussions about integrating Bitcoin into national financial strategies are ongoing, with proposals to include Bitcoin in the U.S. Exchange Stabilization Fund. However, betting markets remain unconvinced of Trump's endorsement.

Portfolio Pulse from Murtuza Merchant

July 23, 2024 | 5:33 pm

RNAZ

Transcode Therapeutics Inc (NASDAQ:RNAZ) shares dropped by 62% to $0.30 after announcing a public offering of 10 million shares at $0.30 per share, aiming to raise $3 million. The funds will be used for product development and general corporate purposes.

Portfolio Pulse from Henry Khederian

July 23, 2024 | 5:26 pm

LNVGF

Lenovo plans to integrate AI into all its PCs by 2027, according to the company's device chief. This move aims to enhance user experience and productivity. The initiative reflects Lenovo's commitment to innovation and staying competitive in the tech industry.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:24 pm