Streetbeat News

Products Services

Ford's CEO announced that the company's first software-enabled vehicle will be released in conjunction with their second-generation electric vehicles (EVs). A Ford executive also stated that safety and security services present a significant opportunity to enhance customer experience.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 2:31 pm

AMD

AMZN

BABA

GOOG

META

MSFT

NVDA

QQQ

SPY

Nvidia Corp is trading higher in line with broader market ETFs SPDR S&P 500 and Invesco QQQ Trust, Series 1. Amazon is reportedly designing custom microchips to bypass Nvidia GPUs for large language model training. Microsoft, Alphabet, and Meta Platforms are also focusing on in-house chip building. Nvidia might struggle with surging demand for AI chips, creating opportunities for Advanced Micro Devices. Chinese companies, including Huawei Technologies and Alibaba Group, are building their AI chips due to U.S. AI chip sanctions.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 2:27 pm

CURLF

LFLY

MAPS

Benzinga is hosting a Cannabis Capital Conference featuring industry figures from WM Technology, Inc. (NASDAQ:MAPS), Leafly Holdings Inc. (NASDAQ:LFLY), and others. The event will focus on digital strategies for cannabis brands. Several new cannabis products were also announced, including offerings from 22Red, Curaleaf Holdings, Inc. (OTCQX:CURLF), Ripple, Boston Hemp Inc., Indiva Limited, and Glow LifeTech Corp.

Portfolio Pulse from Joana Scopel

August 14, 2023 | 2:19 pm

MRNA

UMass Chan Medical School has announced a study to examine the transmission of cytomegalovirus (CMV) in early education settings. The study, in collaboration with biotech company Moderna, will investigate how CMV spreads among children and households. The findings will inform the design of CMV prevention strategies. CMV is the most common infectious cause of birth defects globally, and the study aims to reduce its spread in group settings.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 2:01 pm

AAPL

GOOG

QCOM

Chinese tech giant Huawei reported a modest growth in its consumer business amid U.S. sanctions and slower economic recovery. The company's overall revenue rose 4.8% YoY to 178.8 billion yuan in Q2, with consumer business revenue growing only 2.2% YoY to 103.5 billion yuan in H1. Huawei's ICT infrastructure business was the biggest revenue contributor. The company also reported revenue from its EV business and AI model. Despite a struggling smartphone market, Huawei expects its flagship consumer products to return to normalcy this year.

Portfolio Pulse from Upwallstreet

August 14, 2023 | 1:48 pm

DIS

Bob Iger, former CEO of Disney, is reportedly consulting Warren Buffett and others about his streaming options. This comes during a time when Disney is exploring all possible options, although there seem to be limited choices available.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:46 pm

NKLA

Nikola Corp (NASDAQ:NKLA) has announced a voluntary recall of approximately 209 Class 8 Tre battery-electric vehicles due to a potential safety issue. The company is temporarily halting new BEV sales until a resolution is found. The recall follows a fire incident at Nikola's headquarters last month, which was likely caused by a coolant leak inside a single battery pack. Nikola's shares were down 16.4% following the announcement.

Portfolio Pulse from Adam Eckert

August 14, 2023 | 1:29 pm

EPOW

Sunrise New Energy has announced that it has passed a factory inspection and has delivered an order to CATL. The company shipped 30 tons of graphite anode to CATL last week and plans to provide 80,000 tons of products over the next two years.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:27 pm

USNA

USANA Health Sciences, Inc. (USNA) has announced the launch of three new products at its annual Americas & Europe Convention. The new products include the USANA Celavive Postbiotic Barrier Balm, a skincare product; the 24hr Nutrition Pack - Revolve, a daily nutrition pack; and the Fizzy Energy Drink – Revolve, an energy drink. The company's CEO, Jim Brown, stated that USANA is committed to creating new and innovative products.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 1:25 pm

RVNC

Revance Therapeutics has received FDA approval for DAXXIFY, a treatment for cervical dystonia. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:25 pm