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SMCI

Supermicro (SMCI) and AMD (AMD) have announced new multi-node servers powered by AMD EPYC 4004 processors, aimed at enhancing cloud computing capabilities. Supermicro's new MicroCloud solution supports up to ten nodes in a 3U form factor, significantly increasing computing density. Despite missing Q3 sales expectations, Supermicro reported strong EPS and continued sales momentum. The stock has gained 446% in the last 12 months. Investors can also gain exposure through ERShares Entrepreneurs ETF (ENTR) and Global X Data Center & Digital Infrastructure ETF (DTCR).

Portfolio Pulse from Anusuya Lahiri

May 22, 2024 | 11:51 am

WMT

Walmart+ is partnering with Pawp to offer a new telehealth benefit for pet-owning members, providing 24/7 virtual access to veterinary professionals. This service aims to offer convenience and cost savings amid rising traditional veterinary costs.

Portfolio Pulse from Charles Gross

May 22, 2024 | 11:48 am

J

Jacobs has been selected to provide program management services for Broward County Transportation Department's first-ever public transit expansion.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:46 am

SHYF

The Shyft Group has signed an agreement with Amerit Fleet Solutions to provide 24/7 maintenance and support services for Blue Arc EV trucks across the US.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:44 am

TDG

TransDigm Group Incorporated (TDG) has announced the completion of its acquisition of SEI Industries LTD. This acquisition is expected to enhance TransDigm's product portfolio and market reach.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:42 am

LXU

LSB Industries has signed a 5-year deal to supply low carbon ammonium nitrate solution (ANS) to Freeport Minerals for its U.S. copper mining operations.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:41 am

NIO

NIO Inc. (NYSE:NIO) shares are trading higher in the premarket session due to a new partnership with Hungary’s Széchenyi István University to enhance its European presence. The collaboration aims to advance automotive sectors and implement Nio’s energy technology in Hungary. Additionally, Nio highlighted its in-car AI companion, NOMI GPT.

Portfolio Pulse from Nabaparna Bhattacharya

May 22, 2024 | 11:37 am

INKT

MiNK Therapeutics presented clinical activity data for AgenT-797 in an immune-compromised transplant patient with severe acute respiratory distress at the ATS Annual Meeting. The patient showed significant improvement, including a rapid decrease in inflammatory cytokines and was discharged from the hospital within 60 days.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:36 am

RDW

Redwire has been awarded a contract by the European Space Agency to develop a robotic arm prototype for the Argonaut lunar lander.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:35 am

ZLAB

Zai Lab has dosed the first patient in the Phase 2 trial of ZL-1102 for chronic plaque psoriasis. This marks the first internally developed drug by Zai Lab to advance to Phase 2, showcasing the company's global capabilities. ZL-1102 is the first topical biologic to show penetration of psoriatic skin resulting in a clinical response based on a proof-of-concept study.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:34 am