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ENVX

Enovix Corporation (NASDAQ:ENVX) has signed an agreement with a leading California-based technology company to supply silicon batteries for mixed reality headsets. The deal includes an immediate one-time payment for tooling and subsequent payments for sample and production quantities. Enovix's high energy density batteries are designed to support the continuous use required by mixed reality devices. The global market for VR and AR headsets is expected to grow significantly, enhancing the potential impact of this agreement.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:32 am

GFAI

Guardforce AI shares are trading higher after the company received a 5-year contract to operate a consolidated cash center in Thailand commencing by year-end.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:29 am

AGCO

AGCO plans a restructuring program in response to weakening demand in the agriculture industry, expecting to reduce its salaried workforce by up to 6%. The company anticipates one-time termination benefits costs of $150 million to $200 million, with most charges incurred in 2024 and the first half of 2025. Annual cost savings are projected to be $100 million to $125 million once fully implemented.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:28 am

POOL

Pool shares are trading lower after the company cut its FY24 EPS guidance due to declining year-to-date sales and lower-than-expected Q2 2024 revenues.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:24 am

GE

GE Aerospace shares are trading lower after its customer, Airbus, cut its 2024 targets.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:20 am

GFAI

Guardforce AI has secured a 5-year contract to operate a Consolidated Cash Center (CCC) in Chiangmai, Thailand, starting by year-end. This contract enhances their service capabilities and AI solutions for retail clients. With this addition, Guardforce AI will manage five CCCs, covering 44 out of 77 provinces and approximately 1,900 ATMs, making them the largest CCC operator for the Bank of Thailand (BOT).

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:17 am

CORZ

Core Scientific (NASDAQ: CORZ) has secured a $1.225 billion revenue boost from CoreWeave's HPC hosting contract. The agreement involves modifying 100 MW of Core Scientific's infrastructure to host CoreWeave's NVIDIA GPUs, with operations expected to begin in the second half of 2025. This contract will enhance Core Scientific's earnings and shareholder value.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:12 am

EVGN

Casterra Ag Ltd., a subsidiary of Evogene Ltd. (NASDAQ:EVGN), has received a $440K order for castor seeds from an existing customer, expanding its operations into a new African country. This order is part of a larger revenue expectation of $8.4 million for 2023 and 2024. The global biodiesel market is projected to grow significantly, and Casterra's high oil-yielding castor seeds are positioned to benefit from this trend.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:08 am

GBTC

Bitcoin has rebounded to over $61,000 despite significant outflows from spot ETFs, including a $90.4295 million outflow from the Grayscale Bitcoin Trust (GBTC). The total net asset value of Bitcoin spot ETFs remains substantial at $51.53 billion. Analysts attribute the outflows to pessimism regarding potential interest rate cuts by the Federal Reserve.

Portfolio Pulse from Murtuza Merchant

June 25, 2024 | 11:07 am

GNSS

Genasys Inc. (NASDAQ:GNSS) announced new and follow-on defense orders from the Middle East, with a combined value of over $2.7 million. The orders are part of a previously announced foreign military sales contract to deploy LRAD systems on shore installations and naval ships.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:07 am