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PLTR

Palantir Technologies Inc (NASDAQ:PLTR) has been awarded a new contract worth up to $250 million by the U.S. Department of Defense to support AI and machine learning capabilities for various military and intelligence entities. This expands on Palantir's existing partnership with the Army since 2018. The news comes as Palantir's shares traded more than 6% higher due to the ongoing conflict in the Middle East, which could increase demand for the company's data software products.

Portfolio Pulse from Adam Eckert

October 10, 2023 | 1:03 pm

CBWTF

Italy's Lazio Regional Court has suspended a decree prohibiting the sale of cannabinoid-based products for oral use or ingestion. In Canada, the cannabis 'strategy table' has selected Hugo Alves, CEO of Auxly Cannabis Group (OTCQB:CBWTF), as its chair. The group aims to improve the government's understanding of the cannabis sector's economic situation. In Australia, medical marijuana approvals have increased by over 120% in H1 2023 compared to the same period in 2022. A draft bill in Tasmania proposes the destruction of crops exceeding the 1.0% THC limit.

Portfolio Pulse from Nina Zdinjak

October 10, 2023 | 12:54 pm

GDYN

MSFT

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) has secured the Infra and Database Migration to Microsoft Azure Specialization, marking its third Microsoft Specialization in six months. This deepens its status as a Microsoft AI Cloud Partner and broadens its participation in Microsoft's Azure Migrate and Modernize (AMM) program. The partnership aims to support the migration of foundational infrastructure and data workloads, as well as security, in cloud and hybrid environments.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:50 pm

AMD

NVDA

Nvidia Corp. (NVDA) has outperformed Advanced Micro Devices, Inc. (AMD) in the stock market this year, largely due to its head start in the field of artificial intelligence (AI). Nvidia's stock has gained over 275% over the past year, making it the top-performing S&P 500 stock and the best-performing mega-cap tech stock. AMD, on the other hand, has gained over 83% in the past year. The company has announced two AI chips, the M1300A and M1300X, which are seen as a potent rival to Nvidia’s H100 high-performance GPU processor. AMD expects to ramp up production and start shipments of its AI chips later this year.

Portfolio Pulse from Shanthi Rexaline

October 10, 2023 | 12:50 pm

ABBV

AbbVie (NYSE:ABBV) will present new data from its gastroenterology portfolio at the United European Gastroenterology (UEG) Week 2023 Congress. The data includes late-breaking results from a study comparing SKYRIZI (risankizumab) and STELARA (ustekinumab) in treating moderate to severe Crohn's disease, and analyses from AbbVie's maintenance trials for SKYRIZI and RINVOQ (upadacitinib) in treating Crohn's disease and ulcerative colitis. The company will also present primary efficacy and safety results from the Phase 3 INSPIRE induction study for risankizumab in ulcerative colitis.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:49 pm

REBN

Reborn Coffee has announced a strategic partnership with Hour Loop to launch its coffee products on Amazon. This has led to an increase in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:49 pm

AYRO

AYRO, Inc., a designer and manufacturer of electric delivery vehicles, has been issued a U.S. Patent for technologies associated with vehicle environmental impact reduction and elimination. The patent, titled 'Systems and Methods for Controlling Vehicle Acceleration to Regulate Environmental Impact,' describes a vehicle designed to adjust its impact on the ground it traverses. The company has also been honored with two prominent awards in 2023 and has secured multiple design patents and utility patents for the AYRO Vanish.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:47 pm

HSAI

Hesai Technology (NASDAQ:HSAI) has announced a partnership with Neta Auto to supply ultra-high resolution long range lidar AT128 for Neta Auto's upcoming vehicle model, expected to launch in 2025. Neta Auto, a leader in the smart EV industry, has a substantial user base and a strong international presence. Hesai, a global leader in the lidar industry, has delivered over 190,000 lidar units as of the second half of 2023. The partnership aims to enhance the ADAS driving functionalities of Neta Auto's new series production vehicle.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:45 pm

HOLX

Hologic, Inc. (NASDAQ:HOLX) has announced a partnership with the American Association of Gynecologic Laparoscopists (AAGL) and Inovus Medical to optimize OB-GYN training for minimally invasive surgeries. Hologic will become the chief provider of hysteroscopes for AAGL's training program. The partnership will also include the integration of Hologic's products into hands-on skills education for OB-GYN residents.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:44 pm

VTYX

Ventyx Biosciences announced results from the Phase 2 trial of VTX002 in patients with moderate-to-severely active ulcerative colitis, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:44 pm