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INTC

Intel has launched its Xeon W-3500 and W-2500 'Sapphire Rapids Refresh' CPUs, offering significant performance improvements for workstations and AI systems. These CPUs provide up to 50% faster multi-threaded and 40% faster single-threaded performance compared to the i9-14900K, with enhanced core counts and cache.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 4:08 pm

SBUX

Berjaya Food Bhd., the operator of Starbucks in Malaysia, reported a significant net loss due to anti-Israel boycotts, swinging from a profit to a loss in the latest quarter. The sentiment related to the Middle East conflict has impacted U.S.-based fast food brands, including Starbucks and McDonald's, in various regions.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2024 | 4:06 pm

AVGO

HACK

SOXQ

Broadcom Inc. (NASDAQ:AVGO) has launched Rally Anywhere, an on-premises version of its enterprise agility platform, focusing on data sovereignty and security. Despite this, AVGO shares are trading lower. The company is actively launching new products, including VMware Cloud Foundation 9 and VMware Tanzu Platform 10. Investors can gain exposure to the semiconductor sector through ETFs like Amplify Cybersecurity ETF (NYSE:HACK) and Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ).

Portfolio Pulse from Lekha Gupta

August 28, 2024 | 3:43 pm

ARGT

Argentina's Mining Secretary announced that the country's mining exports are expected to double to $10 billion by 2027, driven by lithium and copper production. This growth is significant for the mining sector and could impact related investments.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 3:37 pm

COIN

HOOD

The SEC has issued a Wells notice to OpenSea, indicating a potential lawsuit over the classification of certain NFTs as securities. This move is part of a broader regulatory crackdown on the crypto industry, affecting companies like Robinhood and Coinbase.

Portfolio Pulse from Murtuza Merchant

August 28, 2024 | 3:23 pm

AAPL

GM

General Motors (GM) has hired former Apple executive Tim Twerdahl to strengthen its software division. Additionally, GM has formed a joint venture with Samsung SDI to produce EV batteries in the U.S. with a $3.5 billion investment.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2024 | 3:23 pm

ABBV

BMY

NBIX

Neurocrine Biosciences' Phase 2 study data for its schizophrenia treatment NBI-1117568 showed a statistically significant but lower-than-expected effect size compared to competitors. This led to a significant drop in NBIX's stock price.

Portfolio Pulse from Vandana Singh

August 28, 2024 | 3:16 pm

GWAYF

Greenway Greenhouse Cannabis Corporation reported a significant increase in Q1 net revenue and adjusted EBITDA, achieving its highest results to date. The company also saw improvements in operating and comprehensive losses, and its MillRite pre-rolls ranked highly in Ontario sales.

Portfolio Pulse from Jelena Martinovic

August 28, 2024 | 3:07 pm

AVAV

AeroVironment has been awarded a 5-year, $990 million IDIQ contract by the U.S. Army for lethal unmanned systems, with deliveries of Switchblade systems set to begin soon.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 3:02 pm

UTME

Utime has signed a non-disclosure agreement to acquire Bowen Therapeutics Inc, a company involved in making monkeypox vaccines. The acquisition aims to support the completion of FDA registration for these vaccines.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:58 pm