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TSM

XNTK

Taiwan Semiconductor Manufacturing Co (TSM) is expanding to Europe with a new $11 billion chip plant in Germany, in partnership with Infineon, NXP Semiconductors, and Bosch. The plant, part of the European Semiconductor Manufacturing Company (ESMC), is expected to start operations by late 2027. TSM is also addressing challenges like geopolitical tensions and resource constraints as it expands globally.

Portfolio Pulse from Anusuya Lahiri

August 20, 2024 | 1:54 pm

LLY

Eli Lilly & Co.'s CEO, David Ricks, discussed the company's weight loss drugs live on CNBC. This could indicate a focus on their pharmaceutical developments and potential market impact.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 1:46 pm

GOVX

GeoVax Labs Inc (NASDAQ:GOVX) shares are down after announcing a direct offering of 1.7 million shares at $5 each, along with warrants for the same amount. The offering is expected to raise $8.5 million for working capital and corporate purposes. Despite recent gains due to mpox-related news, the stock fell 11.8% to $6.30. Analysts maintain positive ratings with price targets of $10 and $18.

Portfolio Pulse from Adam Eckert

August 20, 2024 | 1:42 pm

LAES

SEALSQ Corp (NASDAQ:LAES) is strengthening its position in the Autonomous Aerial Vehicles market through key partnerships with major drone manufacturers. Their semiconductors, compliant with NIST FIPS 140-2 and 140-3, are being adopted for secure data transmission and cyber threat protection.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 1:32 pm

FBLG

FibroBiologics has filed a patent application for a new wound healing technology using an adhesive bandage with fibroblast cell-based technology. This innovation could enhance the company's product offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 1:31 pm

VEXTF

Vext Science, Inc. reported an 8% YoY revenue drop in Q2 2024, but anticipates growth from Ohio's new recreational cannabis market. Despite financial setbacks, Vext is optimistic about its Ohio operations and future performance.

Portfolio Pulse from Jelena Martinovic

August 20, 2024 | 1:27 pm

CSCO

NVDA

Cisco Systems Inc reported a decline in earnings and revenue for its fiscal fourth quarter, yet surpassed estimates. The company is undergoing restructuring, including workforce reductions, to focus on AI and high-growth areas, supported by a partnership with Nvidia. Despite challenges, Cisco's acquisition of Splunk has boosted subscription revenue.

Portfolio Pulse from Upwallstreet

August 20, 2024 | 1:25 pm

CVKD

Cadrenal Therapeutics has highlighted a manuscript published in the Journal of Cardiac Failure. The study evaluates the relationship between transthyretin (TTR) management quality and clinical outcomes for patients with left ventricular assist devices (LVAD).

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 1:21 pm

AUUD

Auddia Inc. (NASDAQ:AUUD) shares surged by 47.8% following the launch of faidr 3.1, which includes product improvements aimed at enhancing user metrics and increasing subscription revenue. The company focuses on converting consumer interest into significant revenue through new capabilities and features.

Portfolio Pulse from Nabaparna Bhattacharya

August 20, 2024 | 1:19 pm

BABA

JD

PDD

Alibaba's recent financial results highlight challenges in its core China e-commerce business, overshadowing growth in its cloud segment. Increased competition from JD.com and PDD Holdings' Temu, along with a cautious Chinese consumer, are impacting Alibaba's domestic market. Despite international expansion and cloud growth, Alibaba's overall net income fell significantly.

Portfolio Pulse from Upwallstreet

August 20, 2024 | 1:17 pm