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IART

Integra LifeSciences Holdings Corporation (NASDAQ:IART) announced the successful Q1 2024 U.S. relaunch of its CereLink Intracranial Pressure (ICP) Monitoring System, which will be featured at the AANS Annual Scientific Meeting in Chicago. The CereLink ICP Monitoring System offers advanced continuous ICP monitoring with minimal drift and MR conditional capability, aimed at improving patient outcomes in traumatic brain injuries and other neurological conditions.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:27 pm

AMD

Advanced Micro Devices (AMD) executive announced during a conference call that the company has raised its revenue forecast for AI chips in 2024 to $4 billion, up from the previously forecasted $3.5 billion.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:27 pm

ROOT

Root Inc (NASDAQ:ROOT) shares surged in after-hours trading following the release of its Q1 earnings, which exceeded expectations. The company reported a Q1 revenue of $254.9 million, surpassing estimates of $204.28 million, and a loss per share of 42 cents, significantly better than the expected loss of $2.48. Root highlighted its substantial growth in new writings, a 101% increase in policies-in-force year-over-year, and positive figures in operating income, EBITDA, and operating cash flow for the third consecutive quarter. The company attributes its success to its focus on direct channel growth, investment in technology, and strategic pillars aimed at achieving long-term profitability and market share.

Portfolio Pulse from Adam Eckert

April 30, 2024 | 9:25 pm

REZI

Resideo Technologies (NYSE:REZI) and Baltimore Gas and Electric (BGE) have announced a partnership to expand BGE's Connected Rewards program in Maryland. This initiative aims to balance the grid during peak demand periods and deliver energy savings to customers by leveraging Resideo's expertise in energy management and smart device integration. The program encourages customers to enroll their smart thermostats to receive financial incentives, contributing to grid reliability and efficiency.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:17 pm

UNM

Unum Group has announced its strong positioning for 2024, citing favorable market conditions and continued strong demand for its digital capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:15 pm

AMD

AMD announced during a conference call that it has gained server CPU market share in Q1 and has raised its AI accelerator forecast to $4 billion. This indicates a positive outlook for AMD's growth in the server and AI markets.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:13 pm

MSFT

Fallout 76, developed by Bethesda, a subsidiary of Microsoft Corp. (NASDAQ:MSFT), has seen a resurgence in popularity, reaching over a million players in a single day. Despite its success, the game lacks cross-play and cross-progression features, which are common in most multiplayer games today. Todd Howard, Bethesda's development chief, acknowledged these issues in an interview, stating that Fallout 76 was not initially designed with cross-play in mind and that technical challenges have hindered the implementation of cross-progression. However, Howard emphasized the importance of these features for future Bethesda games, mentioning that their recent game, Starfield, already includes cross-progression between PC and Xbox.

Portfolio Pulse from Franca Quarneti

April 30, 2024 | 9:12 pm

AMD

AMD has increased its forecast for AI accelerator sales to $4 billion, according to Bloomberg. This adjustment reflects the company's growing optimism in the AI market and its potential to capitalize on the expanding demand for AI technologies.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:10 pm

ABAT

ATI

BVN

PLL

TSLA

ATI reported Q1 2024 earnings with revenue of $1.04 billion and net income of $66 million. Piedmont Lithium announced Q1 2024 shipments and record production, aiming for full-year shipments of 126,000 dmt. Buenaventura reported increased EBITDA and net income, with significant developments in its mining operations. American Battery Technology appointed former Tesla executive Scott Smith as VP of financial planning and analysis.

Portfolio Pulse from austin@walkonholdings.com

April 30, 2024 | 9:05 pm

QMCO

Quantum Corporation (NASDAQ:QMCO) announced the expansion of its global partnership model to include South Korea, Japan, Australia, and New Zealand, aiming to grow its presence in these key markets. The company has entered into exclusive distributor agreements with TS Line Systems for Korea, ACA Pacific for Australia and New Zealand, and NGC for Japan. These partnerships, built on existing relationships and joint customers, are expected to enhance Quantum's end-to-end data management solutions' reach and efficiency. The expansion follows successful developments in other Asia-Pacific markets and is part of Quantum's strategy to leverage AI and machine learning to optimize unstructured data management. The new distributor agreements will see an increase in dedicated sales and marketing resources and continued joint support and services for customers in the region, with deployment set for the second quarter of calendar year 2024.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:59 pm