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RACE

Ferrari N.V. (NYSE:RACE) has renewed its technological collaboration with battery manufacturer SK On, continuing their partnership since 2019. This collaboration focuses on exploring new possibilities and solutions for Ferrari's high-performance models, including the SF90 Stradale, SF90 Spider, 296 GTB, and 296 GTS. Ferrari's CEO emphasized the importance of collaboration for progress. RACE shares saw a slight increase of 0.49% to $440.13.

Portfolio Pulse from Shivani Kumaresan

March 27, 2024 | 2:09 pm

IDAI

Trust Stamp reported a FY23 EPS of $(1.07), improving from $(2.55) YoY, with revenue decreasing to $4.56M from $5.39M. The reduction in revenue was attributed to the end of the ICE pilot and a shift towards SaaS sales, offset by a significant reduction in SG&A expenses. The company also reduced its operating loss to $7.64M from $12.08M YoY and strengthened its balance sheet through equity investments, raising a total of $10.32M. Trust Stamp continues to invest in R&D, boasting a portfolio of 20 issued patents and 15 pending, focusing on AI technology.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 2:02 pm

AVGO

MRVL

MTSI

The demand for AI-driven networking and optical infrastructure is surging, with significant growth expected in CY24 and CY25. Broadcom Inc, Marvell Technology Inc, and MACOM Technology Solutions Holdings Inc are highlighted as key players poised to benefit from this trend, according to JPMorgan analyst Harlan Sur. Broadcom's AI networking revenues are projected to increase, Marvell's collaborations with tech giants support its dominance, and MACOM's innovation in components positions them strongly in the market.

Portfolio Pulse from Surbhi Jain

March 27, 2024 | 2:00 pm

SPCB

SuperCom (NASDAQ: SPCB), through its subsidiary Leaders in Community Alternatives, has won a new project in California valued at up to $2 million. The project, focusing on jail-based re-entry services for adult inmates, aims to reduce recidivism and is expected to generate $400 thousand in annual recurring revenues over a 5-year term. The project launch is anticipated in summer 2024, following county approval and contract negotiations.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:55 pm

AAPL

Privacy expert Albert Fox Cahn criticized Apple's Vision Pro as a 'buggy beta test,' raising concerns over surveillance and lack of compatibility with non-Apple devices. Despite its $3,500 price, it's seen more as a toy than a tool. The device's launch has mixed reviews, with some seeing potential in specific fields like medicine.

Portfolio Pulse from Rounak Jain

March 27, 2024 | 1:50 pm

NVDA

Jim Cramer discussed the broadening market landscape, highlighting Nvidia's (NASDAQ:NVDA) recent stock decline as part of this trend rather than a sell-off signal. He analyzed the top twelve S&P 500 stocks, noting substantial gains across diverse sectors. Nvidia's drop is seen in the context of market expansion and its recent 148% surge due to bullish AI market sentiment. Analysts predict strong capital expenditure for Nvidia in 2024, driven by AI infrastructure investments. Nvidia's GTC conference showcased new initiatives, including the Blackwell GPU architecture, with Generative AI (GenAI) seen as a significant market opportunity.

Portfolio Pulse from Benzinga Neuro

March 27, 2024 | 1:37 pm

ALT

BHVN

Altimmune Inc (NASDAQ:ALT) reported study results for obesity drug pemvidutide, showing 25.5% of weight loss from lean mass and 74.5% from adipose tissue. The company will present full data at an upcoming meeting. Despite Kerrisdale Capital's skepticism and competition from Biohaven (NASDAQ:BHVN), ALT shares rose 7.51% in premarket trading. Altimmune missed Q4 2023 EPS estimates and reported $198.0 million in cash and equivalents as of December 31, 2023.

Portfolio Pulse from Vandana Singh

March 27, 2024 | 1:31 pm

NTRB

Nutriband shares surged following the company's announcement of a clinical and regulatory path overview for its AVERSA Fentanyl patch.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:25 pm

LIXT

LIXTE shares surged following the announcement of positive pre-clinical data on its lead clinical compound, LB-100.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:24 pm

CLF

Cleveland-Cliffs, a major steel producer, has announced a price increase of $60 per net ton for its hot rolled, cold rolled, and coated steel products. This move could reflect the company's response to market demand, cost pressures, or strategic positioning within the industry.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:22 pm