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LAES

SEALSQ has expanded its semiconductor provisioning services by introducing a new 'on-Package' chip personalization service with a 4-week lead-time. This service complements their existing 'on-wafer' offering, aiming to enhance the company's capabilities in the semiconductor industry.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:29 pm

INTC

NVDA

QCOM

Intel Corporation (NASDAQ:INTC) has announced its entry into the automotive semiconductor market with AI-equipped chips for cars, challenging competitors like Qualcomm Inc (NASDAQ:QCOM) and Nvidia Corp (NASDAQ:NVDA). Intel also acquired French startup Silicon Mobility to enhance its capabilities in electric vehicle technology. The company's automotive chief, Jack Weast, revealed that Chinese automaker Zeekr will be the first to use Intel's AI system-on-a-chip. This move is part of Intel's broader strategy to tap into the growing automotive semiconductor market, which is expected to reach $89.18 billion by 2028.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 1:27 pm

ELWS

Earlyworks has signed a Memorandum of Understanding (MoU) with Social Finance Limited to collaborate on blockchain game development. Under the MoU, Earlyworks will provide GLS and technical support, while Social Finance will handle game planning, marketing, sales, and community operations. Revenue sharing will be negotiated for each product.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:26 pm

DAL

FNV

GOOG

HD

On CNBC's 'Halftime Report Final Trades,' analysts provided their insights on several stocks. Josh Brown expects Alphabet Inc. (GOOG, GOOGL) to reach $150, supported by BMO Capital's Outperform rating and $170 price target. Sarat Sethi highlighted Delta Air Lines (DAL) for its pricing and routes, with Q4 earnings expected to be $1.16 per share on $13.52 billion revenue. Amy Raskin chose Franco-Nevada Corporation (FNV), noting its Q3 EPS and sales increase. Stephanie Link selected Home Depot (HD), which launched new smart home devices at CES 2024. Alphabet and Delta shares rose, while Franco-Nevada and Home Depot fell in Tuesday's session.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 1:24 pm

USAU

U.S. Gold Corp. (NASDAQ:USAU) released a CEO update highlighting recent and upcoming milestones for 2024, focusing on the advancement of its CK Gold Project and exploration assets. The company anticipates permit approval and a finalized feasibility study for the CK Gold Project in H1 2024, with the project becoming shovel ready in H2 2024. The update emphasizes robust economics from copper and gold sales, potential environmental benefits, and contributions to Wyoming's economy. Additionally, U.S. Gold Corp. sees value in its exploration assets in Nevada and Idaho and expects to improve its valuation from a currently low share price, with $4.0 million in treasury.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:24 pm

META

TGL

Treasure Global's platform ZCITY has launched a live commerce solution, using Meta's platform for its upcoming live commerce event. This move signifies Treasure Global's commitment to innovation in the digital marketplace.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:22 pm

ICCT

iCoreConnect Inc (NASDAQ:ICCT) shares surged after announcing the acquisition of Verifi Dental, aiming to enhance its SaaS software solutions for healthcare. This move aligns with ICCT's growth strategy and is expected to strengthen its market presence and value proposition. The company has recently made other acquisitions, including Teamworx Dental and FeatherPay, to expand its offerings in dental software and fintech. As of September 2023, ICCT had cash reserves of $0.457 million. ICCT's stock price rose 17.69% to $1.53 in premarket trading.

Portfolio Pulse from Lekha Gupta

January 10, 2024 | 1:20 pm

NVDA

Nvidia Corp. (NASDAQ:NVDA) stock continues its rally, closing at record highs for a second consecutive session and rising 1.13% in premarket trading to $537.38. Analysts maintain a 'buy' rating on the stock, with a consensus price target of $662.39, indicating a potential 25% upside. Factors contributing to Nvidia's performance include its best-in-class products, strong management, and low headline risk. The company's growth is also supported by its AI technology and expected year-over-year revenue growth of 230% for the December quarter. Despite concerns over the U.S.-China chip ban, Nvidia is expanding its data center presence in India and remains a key player in the AI revolution.

Portfolio Pulse from Shanthi Rexaline

January 10, 2024 | 1:19 pm

BECN

Beacon Roofing Supply (BECN) anticipates low single-digit top line growth in 2024, driven by its Ambition 2025 initiatives, price carryover, and additional selling days, despite potential weather-related demand normalization and a slowdown in certain construction starts. Stable gross margins are expected, with Adjusted EBITDA also projected to grow by low single digits compared to 2023. The company plans to continue its Ambition 2025 strategy, including acquisitions, digital expansion, and productivity improvements, with capital expenditures similar to 2023 levels. Final guidance will be refined after assessing Q4 earnings and macroeconomic conditions.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:18 pm

AMRX

Amneal Pharmaceuticals has launched a complex generic version of Fluorometholone Ophthalmic Suspension, an eye medication. The company has secured a 180-day Competitive Generic Therapy (CGT) exclusivity for this product, which grants them a temporary monopoly in the generic market for this particular medication.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:17 pm