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QCOM

Qualcomm and Google are extending their collaboration on wearables by developing a RISC-V Snapdragon Wear platform that will power next-generation Wear OS solutions. Qualcomm plans to commercialize the RISC-V based wearables solution globally including the U.S. Both companies recently joined other industry leaders to launch the RISC-V Software Ecosystem (RISE) and Qualcomm announced that it's investing in a new company to advance RISC-V hardware development.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 5:34 pm

ABBV

JNJ

MYNZ

PFE

Johnson & Johnson (JNJ) reported better than expected Q3 results, with revenues of $21.35 billion, driven by strong performance in its pharmaceutical and medical devices businesses. The company also raised its full year guidance. Pharmaceutical sales expanded more than 5% YoY, while medical devices business expanded 10% YoY. However, the company faces investor anxiety over lawsuits related to its talc-based products. The company also highlighted its focus on innovative medicine and MedTech solutions.

Portfolio Pulse from Upwallstreet

October 17, 2023 | 5:16 pm

META

Meta Platforms Inc has announced that users can now download information from both Facebook and Instagram accounts simultaneously, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 5:04 pm

MRNA

Moderna's shares are trading lower possibly due to Pfizer's warning about reduced COVID-19 product demand. However, Moderna has reaffirmed its COVID vaccine sales forecast for the year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 5:04 pm

AAPL

GOOGL

META

MSFT

NTDOY

RBLX

SONY

Roblox Corporation's (NYSE:RBLX) game has ranked third in player engagement on Sony Group Corp.'s (NYSE:SONY) PlayStation platform, according to data from Circana. The game is now available on platforms including Microsoft Corporation's (NASDAQ:MSFT) Xbox, Apple Inc.'s (NASDAQ:AAPL) Mac, iOS, Alphabet Inc.'s (NASDAQ:GOOGL) Android, and Meta Platforms Inc.'s (NASDAQ:META) Meta Quest. The possibility of Roblox appearing on Nintendo ADR's (OTC:NTDOY) Nintendo Switch remains open.

Portfolio Pulse from Franca Quarneti

October 17, 2023 | 4:55 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are trading lower, continuing a downward trend that has seen the stock lose over 50% in the last three months. The company is facing challenges including ongoing repairs and a halt in deliveries of its battery electric vehicles (BEV) due to a voluntary recall after a defective component caused several vehicle fires. Nikola is set to release its Q3 financial results on Nov. 2.

Portfolio Pulse from Erica Kollmann

October 17, 2023 | 4:48 pm

EBAY

TSLA

Tesla Inc (NASDAQ:TSLA) has reported over 250,000 reservations for its Cybertruck, with third-party estimates suggesting around two million reservations. Some individuals have listed their Cybertruck reservations on eBay Inc (NASDAQ:EBAY) for prices ranging from $1,000 to $8,000. Tesla CEO Elon Musk has cautioned that production ramp-up will occur in 2024.

Portfolio Pulse from Chris Katje

October 17, 2023 | 4:38 pm

ADDYY

Adidas has announced its preliminary Q3 results, showing a 1% YoY increase in revenue. However, in Euro terms, the revenue declined by 6% to €5.999B from €6.408B YoY. The results were positively impacted by the sale of remaining Yeezy inventory. The company has also increased its full-year guidance.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 4:32 pm

AVGO

CMCSA

Comcast Corporation and Broadcom Inc. are collaborating to develop the world's first AI-powered access network, with a roll out expected in late 2024. The network will feature a new chipset that incorporates AI and machine learning within the nodes, amps, and modems of Comcast's network. The companies aim to automate more network functions and enhance customer experience. Broadcom shares are trading lower by 1.58% to $888.46, while Comcast shares are up 0.64% to $44.54.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2023 | 4:28 pm

CMCSA

MAT

WBD

Comedian Pete Davidson hosted 'Saturday Night Live', addressing the Israel-Hamas conflict. The show, aired on Comcast Corporation's NBC, took a unique approach to commenting on the conflict. Davidson also starred in comedy skits, including a parody of the hit song 'I’m Just Ken' from the 'Barbie Movie', a Warner Bros. Discovery and Mattel Inc production.

Portfolio Pulse from Chris Katje

October 17, 2023 | 4:17 pm