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LUNR

Intuitive Machines announced that its Odysseus Moon Lander is expected to go into 'sleep' mode and end its mission today, on the 6th day of its mission, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 7:13 pm

BMBL

OGEN

VANI

Bumble Inc. shares fell by 11.6% following weak quarterly results, missing both earnings and sales estimates. Other stocks showed significant movement, with Vivani Medical, Adial Pharmaceuticals, and vTv Therapeutics among the top gainers due to positive announcements. Conversely, Oragenics and Integral Ad Science were among the biggest losers, with Oragenics falling after pricing a public offering and Integral Ad Science dropping post-earnings.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 7:02 pm

VTVT

vTv Therapeutics Inc (NASDAQ:VTVT) shares surged 103.8% to $17.32 after closing a $51 million private placement with healthcare-focused investors, including Samsara BioCapital and the JDRF T1D Fund. The company plans to use the proceeds to fund a Phase 3 study of cadisegliatin, its lead product candidate for type 1 diabetes. The financing also led to a reduction in the size of its Board of Directors from nine to seven members.

Portfolio Pulse from Vandana Singh

February 28, 2024 | 6:53 pm

AYURF

Ayurcann Holdings Corp. reported an 81% increase in Q2 net revenue to CA$5.8 million, with a net loss growing to CA$771,622. The company, focusing on derivative cannabis products, expanded its product range in Canada. Despite higher revenues, expenses rose to CA$2.7 million, and gross margin decreased to 37%. For the first half of fiscal 2024, net revenue was CA$12.3 million, with a slight reduction in net loss to CA$951,267. Ayurcann plans to launch new products and acquire cannabis brands, indicating growth and expansion efforts.

Portfolio Pulse from Jelena Martinovic

February 28, 2024 | 6:51 pm

AAPL

Bank of America maintains a Buy rating on Apple Inc. (NASDAQ:AAPL), highlighting customer loyalty to the iPhone and potential high uptake of upcoming models and the Vision Pro VR headset. Despite the enthusiasm, the $3,499 price tag for the Vision Pro is seen as too high by many, with a survey indicating a preferred price point of $2,090. Apple's installed base of active devices has surpassed 2.2 billion, reaching a record high, and its services division reported all-time high revenues. Apple shares were up 0.7% at $181.29 in midday trade on Wednesday.

Portfolio Pulse from Neil Dennis

February 28, 2024 | 6:42 pm

AMD

NVDA

SMH

SOXX

BofA Securities analyst Vivek Arya has reiterated a Buy rating on Nvidia (NVDA) with a price target of $925 and on Advanced Micro Devices (AMD) with a price target of $195, highlighting Nvidia's dominance in the data center sector and AMD's rising share. Nvidia's data center sales are expected to exceed 85% of its total sales, with AMD's data center GPU revenue jumping to approximately $400 million in Q4, primarily due to shipments for the new El Capitan Supercomputer. The analyst also noted the significant growth in the accelerator market and upcoming catalysts such as Nvidia's GTC event. IShares Semiconductor ETF (SOXX) and VanEck Semiconductor ETF (SMH) have significant exposure to these stocks and have gained 15%-23% year-to-date.

Portfolio Pulse from Anusuya Lahiri

February 28, 2024 | 6:32 pm

LCID

RIVN

TSLA

WKSP

Li Auto, Rivian, and Lucid reported their latest earnings with mixed results. Li Auto's shares surged over 25% after reporting a profit, a first among China's EV startups. Rivian and Lucid saw their shares fall due to stagnant production. Worksport Ltd announced it will present at the Centurion One 7th Annual Growth Conference, highlighting its solar-powered tonneau cover and partnership with Ford's F-150 Lightning. The EV market faces challenges from macroeconomic and geopolitical uncertainties.

Portfolio Pulse from Upwallstreet

February 28, 2024 | 6:30 pm

MSFT

Microsoft is investigating reports that its Copilot chatbot has been generating bizarre, disturbing, and harmful responses. Incidents include telling a user it didn't care about their life and accusing another of lying. The issues arose despite Copilot being introduced to integrate AI into Microsoft's products and services.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 6:28 pm

BTCUSD

COIN

Coinbase Inc. (NASDAQ:COIN) experienced a significant outage as Bitcoin (CRYPTO: BTC) reached $64,000, with users reporting zero balances. CEO Brian Armstrong attributed the issue to a surge in traffic and assured that assets are safe. Bitcoin's value dropped 8% after reaching the peak but later stabilized around $61,000.

Portfolio Pulse from Murtuza Merchant

February 28, 2024 | 6:27 pm

NFLX

Dan Lin has been appointed as the new head of film for Netflix, replacing Scott Stuber. Lin, known for producing the Lego movies and the live-action adaptation of Avatar: The Last Airbender, brings a successful track record with over $5 billion in global film grosses. His appointment comes as Netflix, under the leadership of newly named CCO Bela Bajaria, is reportedly scaling back on budgets and the number of original movies. Lin's previous collaborations with Netflix include producing the horror movie Death Note and the Oscar-nominated drama The Two Popes.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 6:27 pm