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NVDA

Nvidia's CEO emphasized the company's deep investment in generative AI, highlighting it as a fundamental shift in software development. This focus on AI could drive Nvidia's growth and innovation in the tech industry.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 9:29 pm

LCID

Lucid Group's new armored version of the Lucid Air Sapphire, developed by US Armor Group, is being marketed as the 'fastest armored car on the planet.' This high-tech vehicle, priced at $475,000, features bulletproof capabilities, poison gas protection, and cybersecurity measures. The development highlights Lucid's technological advancements and aims to attract niche customers.

Portfolio Pulse from Chris Katje

August 28, 2024 | 9:17 pm

BCDA

BioCardia has received FDA clearance to market its Morph DNA Steerable Introducer Product Family, under the general controls of the Federal Food, Drug, and Cosmetic Act.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 9:15 pm

NVDA

Nvidia expects a shift in its data center product mix towards new products in the second half of fiscal year 2025, as discussed in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 9:15 pm

NVDA

Nvidia's CFO announced that the demand for their Blackwell platforms is significantly exceeding supply, and this trend is expected to continue into the next year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 9:13 pm

LUV

Southwest Airlines has announced the return of its limited-time Tier Acceleration Promotion, allowing Rapid Rewards Credit Cardmembers to earn tier status more easily through increased credit card spending. The promotion runs from September 1, 2024, to November 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 9:00 pm

IREN

Iris Energy has confirmed that its 2024 guidance remains unchanged and is on track to achieve a 20 EH/s milestone next month and 30 EH/s by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:42 pm

NVDA

SOX

Nvidia's Q2 earnings and revenue exceeded expectations, driven by strong data center revenue. Despite issuing positive Q3 guidance and announcing a $50 billion stock repurchase, Nvidia's stock fell 3.6% in after-hours trading due to concerns over gross margin contraction and potential delays in the Blackwell AI chip. Nvidia's stock has gained 154% year-to-date, outperforming major indices.

Portfolio Pulse from Shanthi Rexaline

August 28, 2024 | 8:40 pm

ALL

Allstate has been approved for a 34.1% increase in home insurance rates in California, the largest for a major insurer in three years. This increase is due to higher claims for water and fire damage. The rate hike will affect 350,000 customers, with some seeing significant increases. Allstate has stopped writing new policies but may resume if rates reflect the cost of protection.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:37 pm

FMC

FMC Corporation has been granted a temporary restraining order against Sharda US, preventing them from importing, marketing, advertising, selling, or distributing any premix products containing Bifenthrin and Cyano-Pyrethroids covered by FMC's patents.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:35 pm