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MSFT

TSM

Industry sources report that TSMC is providing not only the 5nm fabrication process but also backend CoWoS packaging for Microsoft's newly released Azure Maia 100 AI Accelerator.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:17 pm

HIBB

Hibbett, Inc. (NASDAQ:HIBB) shares surged after reporting Q3 sales of $431.92 million, surpassing analyst expectations of $416.02 million. Despite a slight 0.3% Y/Y net sales decrease, the company's Q3 EPS of $2.05 exceeded estimates of $1.17. E-commerce sales grew by 12.6% Y/Y, while brick-and-mortar sales fell by 5.4%. Gross margin slightly declined due to higher promotional activity. Hibbett opened ten new stores, updated its FY24 EPS outlook to $8.00-$8.30 from $7.00-$7.75, and expects total sales to be flat to up ~2.0% for FY24. The stock price rose by 16.56% to $62.50 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 21, 2023 | 2:16 pm

XPOF

Xponential Fitness, Inc. (XPOF) has reached a significant milestone by opening its 3,000th studio, CycleBar Loveland, in Colorado. CEO Anthony Geisler thanked franchisees and employees for their contributions to this achievement. Xponential Fitness has a presence in 23 countries and plans for continued growth. The owners of CycleBar Loveland, Sydnie and Zack Whitmer, expressed gratitude for Xponential's support and commitment to providing exceptional fitness experiences.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:10 pm

SNDX

Syndax Pharmaceuticals announced that data from its pivotal AUGMENT-101 trial of Revumenib for treating relapsed/refractory KMT2Ar acute leukemia has been selected for a late-breaking presentation at the 65th ASH Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:09 pm

SCLX

Scilex Holding Company (NASDAQ:SCLX) announced an increase in manufacturing of ELYXYB, a non-opioid pain management product for migraines, to meet rising demand. The company has produced its first commercial batch with Scilex labeled ELYXYB, aiming to address the needs of future customers. ELYXYB is FDA-approved and has shown effectiveness in clinical trials. The U.S. migraine drug market is estimated at $4.1 billion in 2022. Scilex's CEO expressed excitement about ELYXYB's potential since its April 2023 launch.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:09 pm

SPR

Skyrora and Spirit AeroSystems have announced a collaboration to enhance the UK's orbital launch capabilities. Skyrora aims to be the first UK company to launch satellites from UK soil, with up to 16 launches per year planned. The partnership will leverage Spirit's manufacturing and testing facilities in the UK to transition Skyrora's vehicles from development to full-scale production. The collaboration aligns with the UK Government's National Space Strategy to become Europe's leading provider of small satellite launch by 2030. The partnership also includes research in space technologies, such as additive manufacturing, with Skyrora providing access to its Skyprint 2 3D printer.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:08 pm

NVDA

WIT

Wipro has partnered with NVIDIA to leverage generative AI for healthcare insurance companies, utilizing NVIDIA's AI Enterprise software. This collaboration combines the strengths of both companies in AI and large language models to innovate in the healthcare insurance sector.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:08 pm

LOVE

MSFT

Lovesac and Xbox have partnered for a second year to offer an exclusive Cyber Monday deal featuring Lovesac's StealthTech with invisible surround sound technology, aiming to enhance the gaming experience for the holiday season.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:06 pm

DOGEUSD

Crypto analyst Tony 'The Bull' identified a technical signal in Dogecoin's price activity, the one-month Parabolic Stop and Reverse (SAR), which he believes could precede a significant rally similar to a past 23,000% increase. Another analyst, Crypto Tony, also suggested a potential rally based on technical indicators and accumulation patterns. Currently, Dogecoin is trading at $0.076, down 5.38% over the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 21, 2023 | 2:05 pm

ATIF

ATIF Holdings Limited (NASDAQ:ATIF) has announced that its subsidiary, ATIF Business Management LLC, has signed an $800,000 listing advisory services agreement with a U.S.-based electronic technology innovation company. The services include guiding the client through the IPO process with various support services such as audit, valuation, and investor relations. ATIF's CEO, Liu Jun, expressed commitment to client success and the establishment of a strong cooperative relationship.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:02 pm