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DTSS

Datasea Inc. (NASDAQ:DTSS) has signed an agreement with Meglio Interiors LLC to promote and market its intelligent acoustics products in the U.S. This partnership aims to expand DTSS' presence in the U.S. market and is expected to boost product sales. Datasea plans to set up an assembly line in the U.S. and sees Meglio as a key distributor. The agreement, which has an initial term of two years, leverages Meglio's expertise in sales and marketing within the U.S. furniture market, deemed compatible with Datasea's home health products.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:02 pm

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West Virginia Delegate Evan Hansen introduced House Bill 4873 to legalize recreational cannabis for adults over 21. The bill follows a similar unsuccessful attempt with House Bill 2091 and comes amid suggestions by Senate President Craig Blair to use marijuana legalization as a strategy against the state's fentanyl crisis. The bill proposes a 15% excise tax and a local 6% tax to fund county and municipal needs. Multi-state medical marijuana operators like Trulieve Cannabis Corp., Columbia Care Inc., Heritage Cannabis Holding Corp, and Verano Holdings could benefit if the bill passes.

Portfolio Pulse from Nina Zdinjak

January 19, 2024 | 1:56 pm

SMCI

Supermicro (NASDAQ:SMCI) has updated its Q2 fiscal 2024 guidance, raising EPS from $4.40-$4.88 to $5.40-$5.55 and net sales from $2.7B-$2.9B to $3.6B-$3.65B, surpassing estimates. The preliminary results reflect strong demand for their AI, Cloud, Storage, and 5G/Edge solutions. Final results may differ as they are subject to financial closing procedures. A conference call to review Q2 results is scheduled for January 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:37 pm

IDAI

Trust Stamp (NASDAQ:IDAI) announced the USPTO issued a notice of allowance for its patent application on liveness-verified, biometric-based encryption. This technology aims to combat the rise in presentation attacks and is seen as essential in the context of increasing AI-powered threats, as highlighted by JPMorgan's report of 45 billion daily infiltration attempts.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:32 pm

VXRT

Vaxart, Inc. has been awarded a $9.27 million BARDA Project NextGen award to prepare for a Phase 2b clinical study of its oral pill XBB COVID-19 vaccine candidate. The study will compare the vaccine to an approved mRNA vaccine. The funding is part of a $5 billion HHS initiative to develop vaccines offering broader, more durable protection against COVID-19. Vaxart's vaccine aims to address needle-phobia and provide a cross-reactive response to various COVID variants by triggering both systemic and mucosal immune responses.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:31 pm

GM

Cadillac, a luxury brand of General Motors Co (NYSE:GM), has started production of the Celestiq EV, priced at $340,000. The Celestiq is an ultra-luxury sedan with bespoke designs for each unit, making it one of the most expensive EVs globally. It competes with high-end EVs like the Rolls Royce Spectre, Lucid Air Sapphire, and others. Cadillac's EV lineup also includes the Lyriq and the upcoming Escalade IQ.

Portfolio Pulse from Anan Ashraf

January 19, 2024 | 1:26 pm

AMD

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NVDA

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TSM

Nvidia Corp (NVDA) and Advanced Micro Devices, Inc (AMD) stocks are trading higher, influenced by Taiwan Semiconductor Manufacturing Company Ltd's (TSM) positive quarterly results and 2024 revenue growth guidance. TSM's Q4 revenue slightly decreased but surpassed expectations, and its EPS beat estimates. The company's forecast for FY24 includes a capital expenditure budget of $28-$32 billion. Nvidia also benefited from Meta Platforms Inc's (META) announcement of a significant investment in Nvidia's AI chips, planning to purchase 350,000 H100 graphics cards by the end of 2024. Nvidia's stock outperformed the Invesco QQQ Trust, Series 1 (QQQ) last year.

Portfolio Pulse from Anusuya Lahiri

January 19, 2024 | 1:22 pm

VERB

Verb Technology Company, Inc. (NASDAQ:VERB) has announced the addition of five new retail brands to its MARKET.live livestream social shopping platform. This expansion demonstrates MARKET.live's growth and its commitment to offering a diverse product range. The new brands include MilkSnob, Cream Yoga, Ethan and Ashe, Ash & Rose, and Asorock Watches. MARKET.live enables brands to broadcast shopping events across various social media channels, reaching a wide audience.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:04 pm

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Chinese EV maker BYD Co Ltd, backed by Warren Buffett, in partnership with tech company DJI, showcased the world's first vehicle-mounted drone at its Shenzhen headquarters. The drone, mounted on a Yangwang U8, features automatic battery swapping, charging management, and can capture high-definition aerial footage. BYD also announced a 5 billion yuan investment in all-terrain professional test drive sites across China. BYD surpassed Tesla as the world's largest BEV seller in Q4 2023.

Portfolio Pulse from Anan Ashraf

January 19, 2024 | 12:56 pm

F

Ford anticipates growth in global electric vehicle (EV) sales in 2024 and plans to create approximately 900 new jobs by adding a third crew at its Michigan Assembly Plant. This expansion is aimed at increasing production to meet the rising demand for EVs.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:44 pm