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RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) is experiencing a positive trend in its stock price for the second consecutive session, with a notable increase of 6.2% to $16.11 on Thursday and a further rise of 3.91% to $16.74 in premarket trading on Friday. This momentum is supported by the introduction of two new entry-level battery options for its R1T and R1S models, which not only expand the product range but also lower the entry price by $3,100. Additionally, the potential for a federal tax credit of $3,750 could further incentivize purchases. Rivian is also generating excitement with its upcoming quarterly results announcement on Feb. 21 and the launch of its second-gen vehicle, the R2, on Mar. 7.

Portfolio Pulse from Shanthi Rexaline

February 09, 2024 | 1:10 pm

HUMA

Humacyte has announced that the FDA has accepted and granted priority review for its Biologics License Application, which seeks approval for its Human Acellular Vessel. This marks a significant step forward in the regulatory process and could lead to the approval of a novel medical product.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:01 pm

CNC

GOOG

LEVI

Insiders at Alphabet, Levi Strauss, Centene, and Visa have recently sold shares. Alphabet's CEO Sundar Pichai sold 22,500 shares, Levi Strauss' EVP Tracy Layney sold 15,894 shares, Centene's President Kenneth J Fasola sold 12,000 shares, and Visa's GBL CORP CONTROLLER, CAO Peter M Andreski sold 2,615 shares. These sales occur amidst various company developments, such as Alphabet consolidating its AI efforts and Levi Strauss reporting upbeat earnings.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 12:52 pm

ERIC

MSFT

NVDA

Nvidia is launching a custom unit aimed at expanding its reach in the cloud, automotive, video game, and telecom sectors, according to Reuters. This strategic move is expected to leverage Nvidia's technological capabilities and enhance its position in these rapidly growing markets.

Portfolio Pulse from Charles Gross

February 09, 2024 | 12:38 pm

NVDA

Reuters reported that Nvidia is establishing a custom design unit to concentrate on AI data center chips and other markets. This unit has engaged in discussions with major cloud computing companies and OpenAI.

Portfolio Pulse from Charles Gross

February 09, 2024 | 12:36 pm

ERIC

NVDA

Nvidia is reportedly in discussions with Ericsson to create a custom chip for wireless infrastructure, according to sources cited by Reuters. This collaboration could enhance Nvidia's presence in the telecommunications sector and leverage Ericsson's expertise in wireless technology.

Portfolio Pulse from Charles Gross

February 09, 2024 | 12:34 pm

DNUT

Krispy Kreme has announced a joint venture with AmPm Comestíveis to expand into the Brazilian market. This partnership will allow Krispy Kreme to distribute its doughnuts through a network of Krispy Kreme shops and AmPm convenience stores across Brazil.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:29 pm

AAPL

WLDS

Wearable Devices has announced plans to explore compatibility between its Mudra Band and Apple's Vision Pro as part of its strategy to offer users more intuitive interaction options within the Apple ecosystem.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:22 pm

DIS

MANU

QNST

RUM

WIMI

Five stocks in the communication services sector are considered overbought according to their RSI values, potentially signaling a short-term performance warning for momentum investors. Rumble Inc. (RUM) and QuinStreet Inc. (QNST) reported significant developments and stock gains, while Manchester United plc (MANU) reduced its fiscal 2024 guidance. WiMi Hologram Cloud Inc. (WIMI) is focusing on blockchain secure storage, and The Walt Disney Company (DIS) announced strong earnings and a new share repurchase program.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 12:13 pm

UNFI

United Natural Foods (UNFI) successfully concluded its first full-assortment selling show in San Diego, showcasing a wide range of products.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:10 pm