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ANTX

AN2 Therapeutics shares are trading lower after the company announced the discontinuation of its EBO-301 study following topline results from its Phase 2 part of the study in treatment-refractory patients with MAC lung disease.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:06 pm

ALK

Alaska Airlines has renewed its partnership with Air Space Intelligence to enhance AI-driven flight operations. This move reinforces the airline's commitment to fuel efficiency and sustainability as part of its long-term goal to achieve net zero emissions.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:06 pm

KITT

Nauticus shares are trading higher after the company contracted with Florida Atlantic University to perform development testing of the Aquanaut Mark 2 vehicle in the protected waters near the university's Institute for Ocean and Systems Engineering Dania Beach facilities, as well as in the deeper waters of the Atlantic Ocean.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:05 pm

LMT

Lockheed Martin has delivered the first of five C-130J Super Hercules tactical airlifters to the New Zealand Ministry of Defence. The Royal New Zealand Air Force will operate a total of five C-130Js.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:04 pm

CAG

Conagra Brands has acquired Sweetwood Smoke & Co., the maker of FATTY Smoked Meat Sticks. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:02 pm

RKLB

Rocket Lab shares are trading higher after the company reported better-than-expected Q2 financial results and successfully hot fired its new rocket engine Archimedes for the first time.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:54 pm

RIVN

Rivian Automotive (NASDAQ:RIVN) has announced a promotional roadshow for its upcoming R2 SUV and R3X crossover, starting from Pasadena and traveling to various cities until February next year. The R2 is a smaller, more affordable version of the R1S SUV, with production expected in early 2026. The R3X is a performance variant of the R3 crossover, which will be priced lower than the R2. Rivian aims to expand its market with these new, cheaper EVs. Despite a Q2 loss, the company expects positive gross profit by Q4 2024 and for the full year 2025.

Portfolio Pulse from Anan Ashraf

August 09, 2024 | 12:36 pm

AMZN

GOOGL

IVV

META

MSFT

NVDA

SMCI

TSM

VTI

Nvidia Corp (NASDAQ:NVDA) has seen a significant market value decline since June 2024, despite ongoing AI spending. However, major tech companies like Microsoft, Amazon, Alphabet, and Meta continue to invest in AI infrastructure, which is crucial for Nvidia's revenue. Nvidia's stock is trading up on Friday. Key suppliers and partners like Super Micro Computer Inc (NASDAQ:SMCI) and Taiwan Semiconductor Manufacturing Co (NYSE:TSM) are also showing strong performance. Analysts have mixed views on the sustainability of AI spending. Nvidia's valuation has become more attractive to long-term investors.

Portfolio Pulse from Anusuya Lahiri

August 09, 2024 | 12:33 pm

MRIN

RDDT

Marin Software Incorporated (NASDAQ:MRIN) shares surged after the company enhanced its integrations with Reddit, Inc. (NYSE:RDDT) and X (formerly Twitter). The integration allows marketers to leverage Marin’s AI-driven tools to target users on these platforms. Marin's CEO highlighted the benefits of this integration for digital marketers. Despite recent financial losses, the stock saw a significant premarket increase.

Portfolio Pulse from Lekha Gupta

August 09, 2024 | 12:31 pm

SPR

Boeing's new CEO, Kelly Ortberg, has relocated to Seattle to address the company's ongoing safety crisis. Ortberg's move follows criticism of Boeing's detachment from its manufacturing roots, highlighted by a recent safety incident involving a 737 MAX jet. Ortberg aims to ramp up production, negotiate labor deals, and resolve supply-chain issues. Boeing's recent financial struggles and safety concerns have led to significant scrutiny and executive changes.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 12:27 pm