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NVDA

SMCI

Super Micro Computer Inc. (SMCI) has faced a 60% stock decline since joining the S&P 500, exacerbated by a Barclays downgrade due to concerns over AI server margins, customer erosion, and internal controls. Accusations of accounting manipulation by Hindenburg Research and delayed 10-K filing have further impacted investor confidence.

Portfolio Pulse from Surbhi Jain

September 05, 2024 | 7:52 pm

AMZN

GOOGL

MSFT

NET

The U.S. government is urging major tech companies like Amazon, Google, Microsoft, and Cloudflare to support internet censorship evasion tools by providing discounted server bandwidth. This initiative aims to meet the growing demand for VPNs in countries with heavy internet censorship, such as Russia and Iran.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:37 pm

AMZN

Amazon has filed a lawsuit against the U.S. Labor Board, accusing it of interfering in a union election and claiming that the agency's structure is unconstitutional. This legal action could impact Amazon's labor relations and regulatory environment.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:23 pm

STLD

Steel Dynamics, Inc. (STLD) and four other organizations have petitioned the DOC and U.S. ITC to impose antidumping and countervailing duties on imports of corrosion-resistant steel from several countries. This move is in response to a 57% surge in imports, negatively impacting the domestic steel industry. Decisions on these investigations are expected between late this year and early next year, with final rulings by October 2025.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:20 pm

MSFT

NVDA

Xockets has filed an antitrust and patent infringement lawsuit against NVIDIA, Microsoft, and RPX Corp., alleging violations of federal antitrust laws.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:56 pm

SLX

X

The Biden administration plans to veto Nippon Steel's $14.9 billion acquisition of U.S. Steel, citing national security concerns. This move is seen as politically motivated, aiming to gain labor union votes in Pennsylvania. U.S. Steel's stock has dropped over 16% since the news, while Jefferies maintains a Buy rating but lowers the price target. The VanEck Steel ETF also saw a slight decline.

Portfolio Pulse from Natan Ponieman

September 05, 2024 | 6:54 pm

ABT

Abbott Laboratories is recalling some FreeStyle Libre 3 sensors due to incorrect high glucose readings, which could lead to serious health issues. The recall does not affect the FreeStyle Libre 3 reader or app. Abbott also announced the U.S. availability of Lingo, a new glucose monitoring system without a prescription.

Portfolio Pulse from Vandana Singh

September 05, 2024 | 6:45 pm

BAC

Bank of America has stated that it has not found any evidence to support allegations that it shared non-public information with certain investors.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:32 pm

X

The Committee on Foreign Investment in the United States (CFIUS) has identified potential risks to national security from supply chain disruptions in critical sectors such as transportation, infrastructure, construction, and agriculture. These risks are linked to a deal involving Nippon Steel, which is expanding in India where production costs are lower than in the U.S.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:31 pm

X

The Committee on Foreign Investment in the United States (CFIUS) has raised national security concerns regarding Nippon Steel's bid for U.S. Steel, citing potential reductions in domestic steel production capacity. U.S. Steel and Nippon Steel have responded to 19 rounds of questions from CFIUS, which also considered Nippon Steel's limited use of trade remedies.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:30 pm