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AMD

AMD has announced that it is on track to launch and ramp up the production of its MI300 accelerators in Q4.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:32 am

SMR

The U.S. Nuclear Regulatory Commission (NRC) has accepted NuScale Power Corporation's (NYSE:SMR) Standard Design Approval (SDA) Application for formal review. The application is for NuScale's VOYGR™-6 plant design featuring an uprated 77 MWe small modular nuclear reactor (SMR), which will support capacity requirements for a wider range of customers. The NRC provided a 24-month review schedule for approval.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 10:31 am

INCY

Incyte Corporation's Q2 adjusted EPS reached $0.99, beating analysts' estimate of $0.87. Q2 revenues increased by 25% Y/Y to $954.61 million, surpassing the consensus of $920.18 million. Jakafi product revenues grew 14% Y/Y to $682 million. Opzelura's revenues of $80 million grew 384% Y/Y. Analyst Matt Phipps maintains an Outperform rating for Incyte, but notes the company's heavy reliance on Jakafi sales/royalties and its patent expiration in mid-2028 as ongoing issues.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 10:29 am

BPTH

Bio-Path Holdings Inc reported interim data from Stage 2 of its Phase 2 study of prexigebersen for acute myeloid leukemia (AML). The drug, in combination with decitabine and venetoclax, showed compelling efficacy results in two reporting cohorts. The complete remission rate was significantly higher than that for patients treated with the frontline combination of decitabine and venetoclax. Despite the positive results, BPTH shares are down 7.57%.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 10:15 am

NTDOY

Nintendo Company Ltd. (OTC:NTDOY) is reportedly developing its next-gen console, set to release in the second half of 2024. The console will have a portable mode option and may launch with an LCD screen to lower production costs. The console will continue to support physical games through a cartridge slot. However, the support for backwards compatibility with Switch games remains uncertain.

Portfolio Pulse from Franca Quarneti

August 04, 2023 | 10:10 am

DELL

MSFT

SONY

Dell Technologies Inc is offering a 10% discount on Microsoft Corporation's Xbox Series X gaming console as part of its Black Friday in July sale. The console is now priced at $449.99, down from its usual price of $499.99. Meanwhile, Sony Group Corp's PS5 console has also seen significant price reductions in Europe, amid rumors of a potential launch of a 'slim' version of the console. Microsoft's Q4 earnings reveal a 13% decline in Xbox hardware revenue, while Sony's PlayStation sales have tripled year-over-year.

Portfolio Pulse from Franca Quarneti

August 04, 2023 | 10:09 am

IMMR

Traders are speculating that Immersion Corporation (IMMR) is preparing to announce 'Visor', an AR/VR headset designed for work, featuring 4K per eye Micro-OLED displays and a 100º field of view.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 10:09 am

META

TWTR

Mark Hamill, known for his role as Luke Skywalker, is protesting against the renaming of Twitter to 'X' by Elon Musk. Hamill is encouraging a one-day boycott of the platform. The rebranding has drawn mixed reactions from users and the public. Hamill's protest is not expected to have a significant impact on the platform. Actor Ron Perlman, who had previously left Twitter for Meta Platforms' Threads, returned to 'X' amid reports of declining engagement on Threads.

Portfolio Pulse from Chris Katje

August 04, 2023 | 10:06 am

LI

NIO

XPEV

Li Auto Inc. (NASDAQ:LI) shares are trading higher following strong July delivery data. The company announced that it delivered 34,134 vehicles in July 2023, a 227.5% YoY increase. The cumulative deliveries of Li Auto vehicles in 2023 reached 173,251. Nio (NYSE:NIO) and Xpeng (NYSE:XPEV) also reported deliveries. Li Auto is set to report Q2 earnings on Aug. 8, expected to be 12 cents per share and revenue of $3.70 billion.

Portfolio Pulse from Ryan Gustafson

August 04, 2023 | 10:03 am

ACI

COST

KE

WMT

Costco Wholesale Corporation faces increased competition due to significant developments from Kroger, Walmart, and Aldi. Kroger plans to acquire Albertsons, potentially adding 2,200 new stores to its portfolio, posing a competitive risk to Costco. Walmart has acquired Tiger Global's stake in Flipkart, valuing the Indian e-commerce platform at $35 billion, highlighting the competition risk for Costco in the e-commerce space. Aldi has launched a new product, garlic bread-flavored crisps, posing a potential competition risk to Costco.

Portfolio Pulse from Mohit Manghnani

August 04, 2023 | 10:00 am