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QCOM

Qualcomm Incorporated (NASDAQ:QCOM) has reported strong quarterly results, beating estimates and providing a positive outlook for the future. The company also announced two new chips that could challenge Apple Inc (NASDAQ:AAPL), Advanced Micro Devices Inc (NASDAQ:AMD), and Intel Corporation (NASDAQ:INTC). Qualcomm's stock rose more than 3% in extended trading following the announcement. The company's optimistic outlook is supported by a renewed contract with Apple, plans for a Microsoft Corporation (NASDAQ:MSFT)-supported push into the laptop market, and an optimistic China outlook.

Portfolio Pulse from Upwallstreet

November 06, 2023 | 6:39 pm

EVEX

GRMN

Eve Air Mobility (NYSE:EVEX) has named three new suppliers for its electric vertical takeoff and landing (eVTOL) aircraft. Garmin (NYSE:GRMN) will supply the avionics, Liebherr-Aerospace will provide the flight controls actuators, and Intergalactic will manage the thermal system. These suppliers join Nidec Aerospace LLC, BAE Systems, and DUC Hélices Propellers, who were announced earlier. Eve's first eVTOL production facility will be located in Brazil, with the first full-scale prototype expected in 2024 and deliveries starting in 2026.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 6:28 pm

BYND

QSR

Restaurant Brands International Inc (NYSE:QSR), the parent company of Burger King, is not planning to expand its plant-based meat offerings in the near term. The company's CEO, Josh Kobza, stated that demand for plant-based alternatives was stable but not a major focus for the restaurant chain. This comes as Beyond Meat Inc (NASDAQ:BYND) reported declining demand for its products and revised its full-year outlook lower for the second time in three months.

Portfolio Pulse from Adam Eckert

November 06, 2023 | 6:14 pm

GOOG

GOOGL

MSFT

OpenAI DevDay is currently live with CEO Sam Altman presenting the opening keynote. The event may mention Google (GOOG, GOOGL) and Microsoft (MSFT).

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 6:09 pm

ADVM

REGN

Adverum Biotechnologies revealed updated data from the OPTIC extension study of ixoberogene soroparvovec (Ixo-vec) in patients with wet AMD, showing long-term benefits including maintenance of vision and sustained reduction in anti-VEGF treatment burden. Regeneron Pharmaceutical's Eyela protein levels have been sustained through follow-up, up to 4.5 years post-treatment. Adverum's shares are up 16.5% at $1.09.

Portfolio Pulse from Vandana Singh

November 06, 2023 | 6:08 pm

CADL

Candel Therapeutics Inc (NASDAQ:CADL) released initial interim survival and immunological biomarker data from the ongoing phase 2 trial of CAN-2409 plus valacyclovir for pancreatic ductal adenocarcinoma (PDAC). The data showed a survival rate of 71.4% at both 24 and 36 months in patients who received the CAN-2409 regimen, versus only 16.7% in patients with standard of care chemoradiation. The company's shares are up 20.86% at $0.82.

Portfolio Pulse from Vandana Singh

November 06, 2023 | 6:04 pm

MSFT

Bernstein analyst Stacy Rasgon has maintained a Buy rating on Microsoft Corp (NASDAQ:MSFT) and set a price target of $406. The GitHub platform and AI companion tools have over $5 billion ARR scale potential over 3-5 years, according to Rasgon. The GitHub Universe user conference could shed light on the popularity of AI coding companion tools like GitHub Copilot, which has attracted over 1 million paid users. GitHub ARR tripled during the first four years, surpassing $1 billion last year, driven by increasing enterprise adoption.

Portfolio Pulse from Anusuya Lahiri

November 06, 2023 | 5:33 pm

CYTH

Cyclo Therapeutics has received a notice of allowance for its U.S. patent application 17/289,137 titled 'Methods For Treating Alzheimer's Disease'. This indicates that the patent office has deemed their application as meeting the requirements for patentability.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 5:14 pm

LCID

Lucid Group has reduced the prices of its Air sedan, leading to a decrease in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 5:14 pm

BBY

FAZE

FaZe Holdings, Inc. (FaZe Clan) and SteelSeries have announced the launch of a new line of co-branded gaming products, available exclusively at Best Buy retail locations and BestBuy.com. The limited-edition collection includes a custom headset, keyboard, mouse, and mousepad. This collaboration is a continuation of the FaZe Clan x SteelSeries partnership first announced in 2018.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 5:01 pm