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INPX

XTIA

Inpixon announced the anticipated closing date for its merger with XTI Aircraft Company as March 12, 2024, after market close. Post-merger, the company will be named XTI Aerospace, Inc. and will trade on Nasdaq under the new ticker symbol 'XTIA' starting March 13, 2024. The merger aims to advance the development of the TriFan 600 vertical lift crossover airplane and continue offering RTLS technology. A 100-for-1 stock consolidation will occur immediately before the merger to meet Nasdaq listing requirements. Inpixon's CEO's entity will invest $1.5 million in equity financing in the company. The TriFan 600 aims to serve various segments of private air travel, with over 700 conditional pre-orders indicating a potential for over $7 billion in gross revenue.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:54 pm

GLD

MSTR

NVDA

SMH

NVIDIA Corp (NVDA) has traced a bearish outside day pattern, leading to a significant loss in value. The Arora Report had previously signaled to hedge NVDA positions, which has proven effective. NVDA's performance is crucial due to its central role in the AI revolution and its impact on the S&P 500 and semiconductor sector. The article also notes central banks buying gold, with positive early trade money flows in AAPL, GOOG, and TSLA, but negative in AMZN, META, MSFT, NVDA, SPY, and QQQ. MicroStrategy Inc (MSTR) is buying more Bitcoin, which has surpassed $72,000.

Portfolio Pulse from The Arora Report

March 11, 2024 | 3:51 pm

DUOL

Duolingo Inc (NASDAQ:DUOL) shares rose after reporting better-than-expected Q4 results, with JPMorgan highlighting its growth potential. Analyst Bryan Smilek initiated coverage with an Overweight rating and a $270 price target, citing sustainable revenue growth and strong user growth prospects driven by product optimizations and a social-first marketing strategy. Smilek also noted Duolingo's potential for long-term pricing power through premium GenAI-powered features.

Portfolio Pulse from Priya Nigam

March 11, 2024 | 3:44 pm

LLY

Eli Lilly's stock is trading lower due to the FDA delaying its decision on the company's donanemab treatment for Alzheimer's. This delay may impact investor sentiment and the short-term stock performance.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:38 pm

ACN

Financial giants have shown a bullish sentiment towards Accenture (NYSE:ACN) based on recent options trading activity. Analysis revealed 70% bullish and 30% bearish trades, with significant investors targeting a price range of $340 to $380 for ACN. The company, a global IT-services firm, is currently trading at $374.35, down by -1.01%. Analysts have set an average target price of $383, with mixed ratings from RBC Capital, B of A Securities, and Baird.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 3:31 pm

BA

LTM

A LATAM Airlines flight from Sydney to Auckland experienced a 'technical event' causing a nosedive, injuring about 50 people. The Boeing 787-9 Dreamliner landed safely in Auckland. LATAM and Boeing are addressing the incident, with LATAM providing support to affected passengers. Emergency services responded, and some passengers required hospital treatment.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:27 pm

VTYX

Ventyx Biosciences Inc (NASDAQ:VTYX) shares dropped after announcing clinical and pipeline updates, including a focus on NLRP3 inhibitors for unmet medical needs. The company reported positive Phase 1 and Phase 2 trial results for its NLRP3 inhibitors, VTX3232 and VTX2735, and plans for future trials. Ventyx also seeks a partner for its VTX002 Phase 3 trial. With $252.2 million in cash and an additional $100 million from PIPE financing, Ventyx expects its funds to last into the second half of 2026.

Portfolio Pulse from Vandana Singh

March 11, 2024 | 3:09 pm

RVSN

Rail Vision, Ltd. (NASDAQ:RVSN) shares surged after announcing an order for its AI-driven Switch Yard System from a major U.S. Class 1 freight rail company. The system will be installed on a locomotive for evaluation, aiming to enhance safety and efficiency in rail operations. The news has significantly increased trading volume, with over 24.4 million shares traded, far exceeding the 100-day average of 7.108 million shares.

Portfolio Pulse from Erica Kollmann

March 11, 2024 | 3:03 pm

RVSN

Rail Vision's stock is trading higher following the announcement of receiving an order for its AI-based safety system from a Class 1 U.S. railroad company.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:01 pm

INTC

Intel announced the release of Continuous Profiler to open source, developed by Intel Granulate. This tool, used by companies like ironSource, ShareChat, and Snap Inc., optimizes CPU performance by identifying bottlenecks. It combines multiple profilers into a unified flame graph, automating the optimization process. Continuous Profiler is SOC2-certified, supports various programming languages without code changes, and is part of Intel's commitment to the open source community. Intel aims to refine the tool with the community's help for better application performance.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:01 pm