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NYAX

Nayax Ltd. announced a strategic partnership with Slovakia's ASO Vending to install thousands of Nayax's Onyx contactless card readers on vending machines across Slovakia, significantly increasing Nayax's active devices in the country. The devices will be financed through Nayax Capital, with support from Jimark, Nayax's approved distributor in Slovakia and the Czech Republic.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:57 pm

TWST

Twist Bioscience's stock is trading higher following the announcement of the launch of Twist Multiplexed Gene Fragments, indicating positive market reception to the new product.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:51 pm

VALN

Valneva SE released Phase 3 data for its chikungunya vaccine, VLA1553, in adolescents, showing high immunogenicity and safety six months post-vaccination. The results support potential label extension for adolescents and licensure in Brazil. The FDA approved IXCHIQ, the world's first licensed chikungunya vaccine, in November 2023.

Portfolio Pulse from Vandana Singh

May 13, 2024 | 4:47 pm

HLTH

Cue Health received a warning letter from the FDA on May 9, stating that during an inspection, it was determined that Cue Health markets and distributes its Covid-19 test for both professional and over-the-counter (OTC) use.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:39 pm

SPY

The US Federal Energy Regulatory Commission has approved a significant overhaul for electric transmission, mandating regions to undertake 20-year planning processes. This move is aimed at enhancing the reliability and efficiency of the electric grid, facilitating the integration of renewable energy sources, and potentially reducing costs for consumers. The decision could have broad implications for utility companies, renewable energy developers, and investors in the energy sector.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:33 pm

META

Meta Platforms, Inc. is reportedly exploring the development of AI-assisted earphones equipped with cameras, according to The Information. This move could signify Meta's further expansion into wearable technology, integrating artificial intelligence and camera technology into a new product category.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:33 pm

GM

GM's autonomous vehicle unit, Cruise, has announced the commencement of supervised autonomous driving in Phoenix, marking a significant step in the company's expansion of its autonomous driving operations.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:29 pm

MA

V

Piper Sandler initiated coverage on Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) with Overweight ratings, highlighting their strong positions in the global payments landscape and potential for growth driven by generative AI and extensive FinTech ecosystem partnerships. Visa and Mastercard are expected to benefit from significant tech investments, including in generative AI, with a potential opportunity of over $255 trillion in the consumer payments sector. Mastercard is expected to see 11.0% revenue growth this year and 12.7%+ by FY25, while Visa is expected to drive revenue growth of 10.7%.

Portfolio Pulse from Surbhi Jain

May 13, 2024 | 4:19 pm

AMD

META

MSFT

NVDA

ORCL

SONY

AMD reported a slight revenue increase and a return to net income in Q1 but failed to meet high expectations, especially in AI chip sales compared to Nvidia. Despite an 80% jump in data center revenue, weaknesses in gaming and embedded segments weighed on results. AMD's AI chips are used by Microsoft, Meta, and Oracle, with over $1 billion in sales since Q4 2022. However, gaming revenue dropped 48%, and embedded segment revenue fell 46%. AMD raised its full-year AI chip sales forecast but provided a Q2 revenue guidance in line with estimates, disappointing investors hoping for stronger demand.

Portfolio Pulse from Upwallstreet

May 13, 2024 | 4:09 pm

F

Ford shares are experiencing an uptick following reports that President Biden plans to escalate tariffs on Chinese electric vehicles (EVs). This move is perceived as beneficial for Ford, potentially reducing competition from Chinese EV manufacturers in the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:05 pm