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STRC

Sarcos Technology and Robotics Corporation (NASDAQ:STRC) and Blattner Company have entered into a collaboration agreement to develop and refine Sarcos' autonomous mobile robotic system for the installation of photovoltaic (PV) modules for utility-scale solar projects. The system aims to improve worker safety, enhance efficiency, and address labor shortages in the solar construction industry. The companies will conduct field trials over the next few years, with Blattner providing funding, expertise, and facilities for testing. The commercial launch of the system is estimated for late 2024.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 1:05 pm

AMD

AMD shares are trading higher after a DigiTimes alert indicated that cloud service providers are considering AMD's LLM chip as an alternative to Nvidia's.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 1:05 pm

AMAM

The FDA has granted Fast Track designation to Ambrx's ARX517 for the treatment of metastatic castration-resistant prostate cancer. This could potentially expedite the development and review process of the drug.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 1:05 pm

REKR

Rekor Systems (NASDAQ:REKR) expects to report over 110% growth in Q2 2023 revenue, surpassing its Q2 2022 performance and estimates. The company also reports a 30% increase compared to Q1 2023. Rekor's AI-driven digital infrastructure operating system, Rekor OneTM, is a key contributor to its success. The company has recently secured several contracts, including a $14.1 million contract for traffic count and classification studies for South Carolina and Florida DOTs.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 1:04 pm

SNPX

Synaptogenix and Cleveland Clinic are planning to submit an Investigational New Drug application to the FDA for a clinical trial of Bryostatin-1 in Multiple Sclerosis. The study aims to evaluate the drug's potential neuro-restorative mechanisms for improving synaptic health and cognitive function in MS patients.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 1:02 pm

DGX

KEYS

LYV

On CNBC's 'Halftime Report Final Trades', Jason Snipe of Odyssey Capital Advisors recommended Quest Diagnostics (DGX), Stephanie Link of Hightower recommended Keysight Technologies (KEYS), and Joshua Brown of Ritholtz Wealth Management recommended Live Nation Entertainment (LYV). DGX recently launched a novel prostate cancer test, KEYS announced its intention to acquire ESI Group SA, and LYV bought a majority interest in Páramo Presenta in Colombia.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 12:58 pm

AMD

NVDA

Large-scale cloud service providers are reportedly considering AMD's Mi300 series of AI GPUs as an alternative to Nvidia's GPUs, such as the H100, which are already in short supply, according to industry sources.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 12:48 pm

MIGI

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) has announced its operational update for June 2023, showing a 6% MoM increase in total BTC mining to 71 BTC. The company's new Bellefonte facility has increased self-mining capability by 19%. The total installed self-miners as of June 30th increased MoM to 16,350. The company's operational capacity was approximately 96 Megawatts, able to support 27,636 miners. Mawson plans to continue driving growth in 2023 through expansion opportunities, securing a portfolio of sites, participating in the Energy Markets Program, developing strategic partnerships, and offering reliable hosting services.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 12:41 pm

ATVI

Blizzard Entertainment, a division of Activision Blizzard (ATVI), has reported its first $1 billion net bookings quarter and record segment operating income, largely driven by the successful launch of Diablo IV.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 12:38 pm

META

MSFT

NVDA

QCOM

Qualcomm Inc (QCOM) stock is trading higher after the company collaborated with Meta Platforms Inc (META) to optimize the execution of Meta's Llama 2 large language models directly on-device, bypassing the sole use of cloud services. This allows developers to save on cloud costs and provide users with private, more reliable, personalized experiences. Qualcomm Technologies plans to make Llama 2-based AI implementation available on devices powered by Snapdragon from 2024 onwards. Microsoft Corp (MSFT) also disclosed expanding Meta AI partnership with Llama 2 on Azure and Windows.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 12:36 pm