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Insiders at Columbia Banking System, Intel, and Texas Capital Bancshares have made notable stock purchases, indicating confidence in their companies despite recent challenges. Columbia Banking System reported weak Q4 results, Intel delayed a major project due to market and funding issues, and Texas Capital Bancshares had disappointing earnings.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 2:17 pm

CORZ

Core Scientific, a leading blockchain infrastructure and software solutions provider, announced it has produced 13,762 Bitcoin in 2023. This significant production showcases the company's operational efficiency and its strong position in the cryptocurrency mining industry.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:13 pm

LAES

WKEY

SEALSQ and Ylan Anoufa have collaborated to launch WISeToy, a new product that integrates advanced technology with fashion. The article mentions LAES and WKEY as related entities to this launch.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:11 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares are trading higher in anticipation of its Q4 results, expected to report earnings of 8 cents per share on $602.41 million revenue. The company has previously beaten estimates and raised its full-year 2023 revenue guidance. Shares are up 105% over the last year, with interest in its AI positioning. Palantir does not pay dividends but may engage in buyback programs.

Portfolio Pulse from Adam Eckert

February 05, 2024 | 2:10 pm

META

Meta Platforms Inc (NASDAQ:META) announced its first-ever dividend of 50 cents per share and a $50 billion share buyback program, following a 25% revenue increase to $40.1 billion in Q4 2023. The company's stock surged 15% after exceeding earnings expectations, marking a significant recovery with a 439% increase since November 2022. This turnaround is attributed to Meta's focus on AI integration and plans for further AI investments in 2024.

Portfolio Pulse from Zaheer Anwari

February 05, 2024 | 2:10 pm

MDAI

Spectral AI, Inc. (NASDAQ:MDAI) published a Letter to Shareholders detailing progress towards commercialization of its AI-driven DeepView System for wound care. Highlights include a $149 million BARDA contract, plans for revenue generation in the next three years, FDA and UKCA marking of its technology, promising clinical study results, and strengthening of the management team and Board.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:10 pm

WIX

Deliveright has announced a partnership with Wix.com Ltd. (NASDAQ:WIX) to simplify heavy goods deliveries for Wix merchants through its AI-powered logistics and delivery platform, Grasshopper. This collaboration aims to enhance the delivery experience by offering real-time order tracking and various service levels, including curbside to full White Glove delivery. The partnership is expected to empower Wix merchants by providing complete visibility over shipments, thereby improving customer satisfaction and addressing supply chain challenges.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:06 pm

ITT

ITT Inc. has signed a three-year agreement with ExxonMobil for the supply of API-610 centrifugal pump systems and related services, with a minimum commitment of $50M and potential to reach $80M in revenue. This marks the largest contract for Goulds Pumps, a part of ITT's Industrial Process segment. The deal aims to support ExxonMobil's operations in North America, leveraging ITT's technology to enhance efficiency and reduce costs. ITT's IP segment, a leader in pump and valve technologies, has recently expanded through acquisitions, including Habonim and Svanehøj.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:06 pm

YCBD

cbdMD, Inc. (YCBD) has secured $1.2M in financing from institutional investors for the national rollout of its new ATRx Labs functional mushroom products. The funds will be used for working capital. This follows the company's introduction of Apple Cider Vinegar and Immunity Gummy Pouches at Sprouts Farmers Market. The financing involves convertible promissory notes with a conversion price of $0.684 per share. cbdMD is expanding its product channels, including a planned launch into Amazon UK in 2024.

Portfolio Pulse from Jelena Martinovic

February 05, 2024 | 2:06 pm

RIOT

Riot Blockchain, Inc. (RIOT) announced that in January 2024, it produced 520 Bitcoin, a decrease from the 740 Bitcoin produced in the same month the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:05 pm