Streetbeat News

Regulatory

NVDA

NVIDIA's H20 AI accelerators may face a US ban, halting new orders from China. This could result in a $12 billion revenue loss for NVIDIA, impacting its business significantly.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 7:24 pm

CEG

MSFT

Pennsylvania Governor Shapiro advocates for the fast-tracking of Microsoft's nuclear power deal, highlighting its potential benefits. This development could impact companies like Microsoft and Constellation Energy Group (CEG) involved in the nuclear power sector.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 7:18 pm

AMZN

Nabis is revolutionizing cannabis logistics, akin to Amazon, by serving over 400 brands with efficient distribution across California and Nevada. With five large warehouses and over 100 trucks, Nabis simplifies logistics, allowing brands to focus on growth. The company emphasizes technology and data to enhance operations and compliance with state regulations.

Portfolio Pulse from Nicolás Jose Rodriguez

September 23, 2024 | 7:10 pm

OPTT

SPY

The Biden-Harris Administration has announced a $112.5 million investment in marine energy to accelerate the development of wave energy converters and support clean energy initiatives. This funding aims to commercialize marine energy technologies and promote sustainable energy solutions.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 6:34 pm

BA

The FAA Administrator will testify before Congress, emphasizing that Boeing will be held accountable for maintaining an effective safety system for airplanes. The FAA plans to revamp its safety management system and seeks more real-time insights into safety trends.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 6:30 pm

INTC

QCOM

Qualcomm's stock has been trading in a range between $158 and $175 since early August, with speculation about a potential Intel takeover. Resistance and support levels are influenced by buyer's and seller's remorse. Analysts consider a Qualcomm takeover of Intel unlikely due to regulatory challenges.

Portfolio Pulse from Mark Putrino

September 23, 2024 | 6:26 pm

APO

INTC

QCOM

Qualcomm shares are declining due to reports of its interest in acquiring Intel, a move that could face financial and regulatory challenges. Apollo Global Management has also proposed a $5 billion investment in Intel.

Portfolio Pulse from Vaishali Prayag

September 23, 2024 | 6:15 pm

GILD

Gilead Sciences has recalled a lot of its COVID-19 treatment, Veklury, due to glass particles found in vials. The recall affects lot #47035CFA, distributed nationwide. No adverse events have been reported, but the recall could impact Gilead's stock due to potential safety concerns.

Portfolio Pulse from Vandana Singh

September 23, 2024 | 6:12 pm

BABA

NVDA

Alibaba shares are trading higher due to a partnership with Nvidia to enhance autonomous driving for Chinese EV makers. This move is strategic amid U.S. sanctions on semiconductor chips. Additionally, China's central bank actions have boosted investor confidence.

Portfolio Pulse from Vaishali Prayag

September 23, 2024 | 6:11 pm