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JTAI

Jet.AI has announced a partnership with FL3XX to integrate DynoFlight into the FL3XX platform, aiming to enhance the operational efficiency of private aircraft operators. The integration is scheduled for launch in the first quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:05 pm

GRYP

Gryphon Digital Mining debuts on Nasdaq with a hashrate of up to 1.3 EH/s after purchasing S19K Pro machines. In 2023, it produced 788 bitcoin-equivalent coins and ranked among the top three in bitcoin efficiency for most of the year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:04 pm

AEM

CNIKF

FQVLF

SSDIY

Canada Nickel (OTCQX:CNIKF) is raising $1 billion to construct North America's largest nickel processing plant in Timmins, Ontario, aiming to start production in 2027 with an annual capacity of 80,000 tons. This initiative is part of a broader strategy to position Canada as a leader in the green energy transition by providing cleaner nickel for the electric vehicle and battery manufacturing sectors. The company is in talks with the Canadian government, the U.S. Department of Defense, and battery sector partners for funding. Shareholders include Samsung SDI (OTC:SSDIY) and Agnico Eagle Mines (NYSE:AEM). Despite a 40% decline in nickel prices and a challenging market, Canada Nickel's stock rose 2.92% after the announcement.

Portfolio Pulse from Stjepan Kalinic

February 09, 2024 | 2:56 pm

TU

Telus Corp (NYSE:TU) reported a 2.8% year-over-year increase in Q4 2023 operating revenues to C$5.198 billion, missing consensus estimates. Adjusted EPS was $0.176, exceeding expectations. TELUS Health and TTech segments showed significant growth, with total telecom subscriber connections up 7.6% Y/Y. The company forecasts revenue and EBITDA growth in FY24 and saw its shares rise by 4.12% to $17.76.

Portfolio Pulse from Anusuya Lahiri

February 09, 2024 | 2:52 pm

MGM

BetMGM, a leading sports betting and iGaming operator, has announced an exclusive partnership with social media platform X to become its Live Odds Sports Betting partner. This collaboration will integrate BetMGM's odds and branding directly into X, linking to BetMGM's website and app. The partnership aims to leverage X's role as a central hub for sports conversations, offering users in the United States access to BetMGM's betting odds on professional football, with plans to expand to other major sports. BetMGM emphasizes responsible gaming, integrating the GameSense program into its platforms.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 2:31 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares rose in premarket trading after rejecting five nominees from former Chairman Trevor Milton, who was convicted of fraud. Milton owes Nikola $165 million from a legal judgment. Nikola also opened its first HYLA hydrogen refueling station in Southern California, aiming for nine stations by Q2's end. Baird analyst Ben Kallo gave Nikola an Outperform rating with a $2 forecast.

Portfolio Pulse from Nabaparna Bhattacharya

February 09, 2024 | 2:28 pm

DXCM

Dexcom Inc (NASDAQ:DXCM) reported a significant increase in Q4 2023 earnings, with sales up 27% Y/Y to $1.03 billion and profits nearly tripling to $256.3 million. The growth was driven by volume growth and new customer additions. Adjusted EPS was $0.50, surpassing the consensus of $0.43. The company projects FY 2024 revenues of $4.15 billion-$4.35 billion, with growth primarily from insulin-intensive patients. William Blair reiterates an Outperform rating, despite a 2.40% premarket drop in shares.

Portfolio Pulse from Vandana Singh

February 09, 2024 | 2:17 pm

AAPL

SSNLF

Apple's iPhones dominated the global smartphone market in 2023, with seven models ranking in the top 10 most-shipped smartphones worldwide, according to Canalys. This represents over 79% of Apple's total iPhone shipments for the year. The iPhone 14 Pro Max and iPhone 15 Pro Max were the top two models, highlighting a market shift towards premium smartphones. In contrast, Samsung had three models in the top 10, with its most expensive model, the Galaxy A54 5G, priced significantly lower than the least expensive iPhone on the list.

Portfolio Pulse from Rounak Jain

February 09, 2024 | 2:12 pm

LAES

SEALSQ

SEALSQ has announced the establishment of a new semiconductor center in the US, expected to be operational by Q4 2024. LAES may also be involved in this development.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 2:10 pm

PL

Planet Labs PBC (NYSE:PL) has made its PlanetScope satellite data available on Google Cloud Marketplace, enhancing collaboration and convenience for users. This partnership allows for efficient Earth monitoring, leveraging Google Cloud's scalability. The integration aims to streamline procurement and billing processes, facilitating easier access to Earth imagery for a wide range of applications including agriculture, urban planning, and sustainable development.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 2:01 pm