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SMCI

Supermicro, Inc. (NASDAQ:SMCI) is expanding its AI and HPC rack delivery capacity and advanced liquid cooling solutions. The company's full rack scale delivery capacity is growing from several state-of-the-art integration facilities in the United States, Taiwan, Netherlands, and Malaysia. Supermicro now can deliver 5,000 racks per month to support substantial orders for fully integrated, liquid cooled racks, requiring up to 100kW per rack. The company anticipates that up to 20% of new data centers will adopt liquid cooling solutions as CPUs and GPUs continue to heat up.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:14 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) has introduced RangeXchange, a new feature that allows a Lucid Air to charge another electric vehicle (EV). This is enabled by Lucid's bi-directional charging technology and proprietary software. The feature will first be offered to U.S. owners and requires the purchase of a RangeXchange charging cable adapter.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:10 pm

JEWL

Adamas One Corp. (Nasdaq: JEWL) has announced the formation of a new wholly owned subsidiary, Adamas Technologies. The subsidiary will focus on research and development, partnerships, and deployment of Lab-Grown Diamond-based solutions for the technology industry. The company's patented technology and the properties of Lab-Grown Diamonds are expected to address the increasing demand from the semiconductor sector. The COO of Adamas One Corp., Gerald McGuire, will lead the new subsidiary.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:05 pm

DGX

Quest Diagnostics has launched a mobile phlebotomy service that allows for convenient at-home specimen collection in the United States. This service is expected to increase the accessibility of diagnostic testing for patients.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:01 pm

DIS

Walt Disney Co (NYSE:DIS) shares are trading higher following the company's Q4 financial results. Despite missing revenue estimates, Disney beat earnings per share estimates. The company added nearly 7 million Disney+ subscribers in Q4, and expects its combined streaming businesses to reach profitability in Q4 2024. Disney is on track to achieve $7.5 billion in cost reductions for the year. The company also announced the upcoming launch of ESPN Bet and plans to recommend a dividend declaration by year-end.

Portfolio Pulse from Adam Eckert

November 09, 2023 | 1:58 pm

AREC

American Resources Corporation's (NASDAQ:AREC) subsidiary, ReElement Technologies, has closed a $44.9 million bond purchase agreement for local incentives from the City of Marion, Indiana. The bond will fund the construction of a refining facility for lithium, critical minerals, and rare earth elements. The facility will produce ultra-pure battery elements and rare earth elements for EV battery and permanent magnet supply chains.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 1:48 pm

NEOV

NeoVolta Inc., a manufacturer of Smart Energy Storage Solutions, has expanded its presence in New Mexico with a $520,000 deal for its NV14 batteries in new home construction projects. The company expects more orders in the coming years, indicating strong demand for its energy storage products. NeoVolta's NV14 system was recognized as one of Solar Power World's Top Solar Storage Products for the third year in a row and was named one of the most affordable solar batteries in the U.S. in EnergySage's latest semi-annual Solar Marketplace Intel Report.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 1:46 pm

TM

Toyota Motor Corporation (NYSE:TM) is partnering with the Thailand government to boost the country's electric vehicle (EV) industry. The automaker sees potential in Thailand's auto manufacturing industry, particularly in pick-up trucks and eco-cars. Toyota plans to test its inaugural EV pick-up truck in Thailand, aiming to increase its EV market presence. The Thai government has introduced a three-year tax incentive for automakers investing in automation and robotics. By 2030, Thailand aims to transform one-third of its annual vehicle production into EVs.

Portfolio Pulse from Nabaparna Bhattacharya

November 09, 2023 | 1:39 pm

STIM

Neuronetics, Inc. (NASDAQ:STIM) announced healthcare policy updates from Magellan, BlueCross BlueShield (BCBS) of Kansas City, and Dean Health Plan that increase access to the company's NeuroStar Advanced Therapy. The changes reduce the number of prior antidepressant medication failures required for coverage of transcranial magnetic stimulation (TMS) therapy for major depressive disorder (MDD). The updates from BCBS Kansas City and Dean Health Plan are effective immediately, while the Magellan update will take effect on November 18, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 1:39 pm

OWLT

Owlet, Inc. (NYSE:OWLT) has received De Novo clearance from the U.S. Food and Drug Administration for its Dream Sock, the first over-the-counter medical pulse oximetry solution for infants. The FDA-cleared Dream Sock will monitor and display infants' health readings, including pulse rate and oxygen saturation level, and will alert caregivers if readings fall outside of preset ranges. The company plans to make these features available to all existing and new Dream Sock users upon launch. The clearance follows the company's previous FDA clearance of BabySat, a prescription monitoring system.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 1:37 pm