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MSFT

Microsoft Corporation (NASDAQ:MSFT) is set to release its Q3 earnings after the market closes on April 25, 2024, with analysts predicting an earnings per share of $2.82, up from $2.45 the previous year, and revenue of $60.8 billion. The company recently launched the Phi-3 Mini AI model. Shares rose 0.4% to $409.06. Analysts from Stifel, BMO Capital, Morgan Stanley, UBS, and Jefferies have maintained positive ratings with increased price targets.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 1:37 pm

MYNZ

Mainz Biomed announced positive topline results from a study evaluating novel mRNA biomarkers and a proprietary AI algorithm for colorectal cancer diagnostics, showing 92% sensitivity and 90% specificity. The study, which analyzed 690 subjects, including data from the ColoFuture and eAArly DETECT studies, demonstrated the potential to significantly improve early detection and treatment of pre-cancerous lesions.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:30 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) is in focus ahead of its fiscal third-quarter earnings report, expected to post earnings of $2.82 per share on $60.804 billion in revenue. Last quarter, Microsoft exceeded estimates with an 18% revenue increase year-over-year, driven by AI integration across its tech stack. The company anticipates a slight decrease in Microsoft Cloud gross margin and significant capital expenditure increases. Revenue growth forecasts include 10-12% for Productivity and Business Processes, approximately 15% for Office 365, mid-to-high single digits for Office Consumer and LinkedIn, and 18-19% for Intelligent Cloud. Ahead of the earnings, MSFT shares are down 3.11% at $396.33, influenced by broader market sell-offs and caution after Meta's post-earnings drop. Analysts remain positive, with price target adjustments reflecting optimism about Microsoft's performance.

Portfolio Pulse from Adam Eckert

April 25, 2024 | 1:27 pm

MULN

Mullen Automotive, Inc. (MULN) has received CARB certification for its 2025 Mullen THREE, Class 3 EV truck, enabling eligibility for state EV incentives and aligning with the ACF regulation for zero-emission vehicle purchases by state and local government fleets. This follows a previous certification for the 2024 model year. The certification could significantly boost Mullen's market presence in CARB-compliant states, offering substantial rebates and tax credits to lower the net cost of the Mullen THREE.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:22 pm

POAI

Fujifilm and Predictive Oncology (POAI) have entered into a collaboration aimed at reducing protein interference in bacterial endotoxin detection testing of biopharmaceuticals. This partnership focuses on enhancing the safety and efficacy of biopharmaceutical products by improving the accuracy of endotoxin testing, which is crucial for ensuring the quality of drugs that are administered to patients.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:20 pm

ACON

Aclarion, Inc. (NASDAQ: ACON, ACONW) announced its Nociscan solution will be used in the LIFEHAB trial in Norway to evaluate diagnosis and treatment of chronic low back pain. The trial compares lumbar interbody fusion surgery with multidisciplinary rehabilitation and aims to begin enrollment in Q2 2024. Nociscan, a SaaS platform, helps physicians identify the source of low back pain by quantifying chemical biomarkers. This marks an important step towards achieving successful reimbursement in Norway's single-payer health system.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:20 pm

NVDA

Retail investors have seen significant returns on their investments in Nvidia Corp. (NASDAQ:NVDA), with the company's transition to an AI leader and its GPUs powering AI programs like OpenAI's ChatGPT being key growth drivers. Nvidia has surpassed Apple Inc., Tesla Inc., and the SPY ETF to become the top stock among retail investors. Despite a market sell-off in April, Nvidia's stock has shown resilience, supported by its role in the AI sector and partnerships with companies like Tesla Inc. and Meta Platforms Inc.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 1:08 pm

BOTZ

NVDA

SMH

Nvidia Corp announced the acquisition of Israeli startup Run:ai for approximately $700M, aiming to enhance AI management capabilities. This marks Nvidia's most significant acquisition in Israel since Mellanox Technologies in 2020. Run:ai specializes in managing AI workloads and will integrate into Nvidia's operations in Israel. Nvidia plans to continue Run:ai's product sales and invest in its roadmap. Nvidia's stock has seen a 204% increase over the last 12 months, partly due to the AI market expansion.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 1:07 pm

QMCO

Quantum Corporation (NASDAQ:QMCO) and Carahsoft Technology Corp. have announced a partnership to distribute Quantum's data management solutions to the US Federal Government and Public Sector. Carahsoft will act as a Federal Distributor, offering Quantum's products through various contracts and schedules. The partnership aims to provide Public Sector organizations with advanced tools for data storage, management, and analysis, leveraging Quantum's AI-driven data platform and comprehensive product suite.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:06 pm

MAT

SSNLF

Mattel, Inc. (NASDAQ:MAT) has partnered with Samsung to launch its first three 24/7 Free Ad Supported Streaming (FAST) channels on Samsung TV Plus. The channels, named Barbie and Friends, Hot Wheels Action, and Mattel Jr., will feature content from Mattel's iconic brands and are set to go live later this year. This partnership marks Mattel's first foray into the FAST streaming service, aiming to engage fans with their favorite characters and storylines through Samsung's expanding content offering.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:04 pm