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RVTY

Revvity's division, Revvity Signals Software, is launching Signals Chemdraw, a new addition to its software portfolio, marking a significant advancement in their offerings.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:03 am

NIU

Niu Technologies (NASDAQ:NIU) reported a Q4 fiscal 2023 revenue decline of 21.8% to $67.42 million, with a net loss per ADS of $(0.23). Despite a slight decrease in e-scooter sales, international sales grew by 33.7%. The company anticipates a revenue increase of 5% to 15% in Q1 and aims for a 41% to 69% increase in sales volume for fiscal 2024. CEO Dr. Yan Li remains optimistic about regaining market favor in 2024, highlighting the success of new models like MQiL, RQi, and XQi3.

Portfolio Pulse from Anusuya Lahiri

March 18, 2024 | 9:59 am

IMNM

Immunome, Inc. (NASDAQ:IMNM), a biotech firm focusing on targeted cancer therapies, has chosen Arrayjet's ArrayPlex platform to enhance its high-throughput screening capabilities. This partnership aims to accelerate Immunome's discovery and development of cancer treatments. Arrayjet's technology, known for its inkjet liquid-handling solutions, will be accessible to Immunome and other Arrayjet customers either through CRO/CMO services or by purchasing the platform for in-house use.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 9:51 am

NVDA

Nvidia Corp. is set to reveal its next-gen AI chip, the B100, at the GPU Technology Conference (GTC 2024), with expectations of significantly surpassing the performance of its predecessor, the Hopper H200 AI chip. The B100, featuring advanced TSMC CoWoS-L packaging technology and 192GB of memory, is anticipated to more than double the AI performance of Hopper GPUs. Demand for the B100 is expected to outstrip supply, indicating a major upcoming product cycle for Nvidia. The company's stock has seen a significant increase, gaining about 73% year to date.

Portfolio Pulse from Shanthi Rexaline

March 18, 2024 | 9:30 am

BOME

SOL

Solana's SOL and The Book of Meme (BOME) have seen increased attention on social media, despite recent price drops. BOME surged 82% after its launch and was added to Binance's platform. However, both tokens experienced price corrections, with BOME dropping nearly 50% in 24 hours. Social media mentions and trading activity for Solana-based meme coins have spiked, but selling pressure remains high.

Portfolio Pulse from Mehab Qureshi

March 18, 2024 | 9:25 am

XPEV

Chinese electric vehicle (EV) manufacturer Xpeng has announced its strategy to target the mass market by launching more affordable models. This move is aimed at capturing a larger share of the growing EV market by making their vehicles accessible to a broader audience. The announcement was made on Sunday, signaling a significant shift in Xpeng's market approach from focusing exclusively on premium models to embracing a wider range of consumers.

Portfolio Pulse from Charles Gross

March 18, 2024 | 9:08 am

RIVN

TSLA

Rivian Automotive Inc. vehicles are now compatible with Tesla Inc.'s Supercharger network, as confirmed by a Tesla investor and a Rivian customer. This development follows Rivian's decision to align with Tesla's North America charging protocol and Tesla's announcement to open its Supercharger network to rival EV makers. Tesla's stock saw a slight increase, while Rivian's stock experienced a more significant rise.

Portfolio Pulse from Benzinga Neuro

March 18, 2024 | 9:06 am

QCOM

Qualcomm Inc. (NASDAQ:QCOM) has launched the Snapdragon 8S Gen 3 chipset, aimed at bringing high-end features to more affordable Android phones. This new chipset, positioned below the flagship Snapdragon 8 Gen 3, includes a similar GPU, the previous-gen X70 5G modem with Wi-Fi 7 support, and the capability to run large AI models. Qualcomm's strategy with this release is to maintain its dominance in the high-end smartphone market, with several major manufacturers planning to use the chipset in their upcoming devices.

Portfolio Pulse from Rounak Jain

March 18, 2024 | 8:46 am

HTZ

Hertz Global Holdings Inc (NASDAQ:HTZ) appointed Gil West, former COO of GM's autonomous driving unit Cruise, as its new CEO. West's appointment is part of Hertz's cost-cutting mission, which includes selling 20,000 electric vehicles due to high repair costs and replacing them with combustion engine cars. Hertz reported a Q4 adjusted EPS loss of $1.36, with revenue growing 7% year on year to $2.18 billion. GM reported a $3.48 billion operating loss at Cruise in 2023.

Portfolio Pulse from Anan Ashraf

March 18, 2024 | 8:43 am

WTW

WTW, a global advisory, broking, and solutions company, announced receiving USAID funding to develop a climate-resilient insurance solution. This initiative aims to unlock climate adaptation investment from the private sector in vulnerable countries.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:39 am