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RYAAY

SPR

Ryanair's CEO announced it will take Boeing 12-18 months to clear its current backlog of deliveries, according to Reuters. This statement directly impacts Boeing and its suppliers, including Spirit AeroSystems, as well as Ryanair itself.

Portfolio Pulse from Charles Gross

April 24, 2024 | 9:15 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is in talks with a major automaker to license its Full Self-Driving (FSD) software, aiming for true autonomous driving. CEO Elon Musk is optimistic about achieving autonomy, stating Tesla will solve it even in his hypothetical absence. Integration with competitor vehicles is expected to be straightforward but will take time, with a potential deal anticipated this year and integration in about three years. Musk's stance on FSD has evolved, now suggesting that future car purchases will depend on FSD capability. Regulatory approval remains a hurdle, but advancements by other autonomous car companies, like Alphabet Inc's Waymo, are paving the way.

Portfolio Pulse from Anan Ashraf

April 24, 2024 | 9:11 am

FINV

FinVolution has announced a strategic cooperation agreement between its financial application Juanhand and UnionBank of the Philippines, aiming to enhance financial services in the Philippines.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:05 am

ZUO

Zuora has announced that Ubisoft, a global video game publisher, has chosen Zuora to power its Ubisoft+ and Rocksmith+ subscription services. This partnership is aimed at enhancing Ubisoft's subscription offerings, leveraging Zuora's comprehensive subscription management platform.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:01 am

GLD

NVDA

Schiff Gold, founded by Peter Schiff, suggests gold's use in technology, particularly in GPUs for AI applications, is set to increase, potentially driving its demand and price up. Nvidia is highlighted for using 'conflict-free' gold in its products. The firm anticipates the tech sector's competition and advancements in AI will make the cost of gold in GPUs less relevant, despite gold's primary use in investment and jewelry. Gold futures have risen 13% YTD, influenced by expectations of a Fed rate cut and inflationary economy benefits. SPDR Gold Shares (GLD) saw a slight decrease in its latest session.

Portfolio Pulse from Shanthi Rexaline

April 24, 2024 | 8:40 am

AFMD

Affimed announced that an abstract on AFM24 for EGFR-wildtype Non-Small Cell Lung Cancer has been accepted for the 2024 Annual Meeting of the American Society of Clinical Oncology. This development could signal progress in Affimed's oncology portfolio, particularly in treatments for NSCLC.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:08 am

HPE

SAP

Danfoss has selected HPE GreenLake for SAP S/4HANA Cloud as part of the RISE with SAP program, deploying it in Danfoss data centers to advance its sustainable cloud journey.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:04 am

ALVO

Alvotech announced positive topline results from a confirmatory clinical study for AVT05, its proposed biosimilar to Simponi and Simponi Aria (golimumab).

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:02 am

NVDA

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), expressed dissatisfaction with the term GPU during the company's first-quarter earnings call, highlighting Tesla's rapid progress in AI infrastructure expansion. Tesla has installed 35,000 H100 computers, with plans to reach 85,000 by year-end, primarily for AI training. Musk's comments follow Tesla's reported Q1 revenue of $21.0 billion, a 9% decrease year-over-year, missing estimates. Meanwhile, Nvidia Corporation (NASDAQ:NVDA) has seen significant demand for its H100 chip, contributing over $1 trillion to its value, with customers facing up to six months' wait times.

Portfolio Pulse from Ananya Gairola

April 24, 2024 | 7:39 am

CALT

Calliditas Therapeutics AB (NASDAQ:CALT) announced positive results from the open-label extension study of the Phase 3 NefIgArd study for IgAN patients, showing consistent treatment response across key endpoints.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 7:29 am