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NVDA

NVIDIA CEO Jensen Huang discussed the company's significant investments in deep learning during a speech at CalTech. He highlighted the transformative impact of these investments, which began with the use of NVIDIA's CUDA GPUs in 2012 to train AlexNet. NVIDIA's stock has surged this year, making it the most valuable public company with a market cap of $3.33 trillion.

Portfolio Pulse from Benzinga Neuro

June 21, 2024 | 1:36 pm

SISI

Shineco has reached an agreement through a Securities Purchase Agreement with certain non-U.S. investors to sell 1.4 million shares of its common stock at $5.00 per share. This offering is designed explicitly for purchasers who are neither U.S. residents nor defined as 'U.S. Persons' under Rule 902(K) of Regulation S, aiming to raise approximately $7.0 million in gross proceeds before customary expenses.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 1:10 pm

WRAP

Wrap Technologies' CEO Scot Cohen issued a letter to shareholders detailing the company's recent strategic pivots, including new auditors, NASDAQ compliance efforts, significant operational expense reductions, and a focus on de-escalation solutions. The company aims to become a leading provider of non-lethal de-escalation tools and training for law enforcement.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 1:06 pm

PWSC

PowerSchool has announced the general availability of its PowerBuddy AI products, aimed at addressing learning loss and chronic absenteeism ahead of the 2024-2025 school year. These products are designed to enhance the educational experience and streamline data analysis for students, educators, and administrators.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 1:01 pm

AA

In the past three months, 7 analysts have evaluated Alcoa (NYSE:AA) with mixed sentiments. The average 12-month price target has increased to $40.64 from $32.71. Analysts have raised their ratings and price targets, reflecting a more optimistic outlook despite Alcoa's recent revenue decline and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 1:00 pm

CXM

Sprinklr (NYSE:CXM) has been analyzed by 13 analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target has declined by 19.02% to $12.69. Analysts have recently adjusted their ratings and price targets, reflecting their response to market conditions and company performance. Sprinklr has shown impressive revenue growth but faces challenges in profitability and cost management.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 1:00 pm

GRAM

Laurie Holcomb, CEO of Gold Flora (OTC:GRAM), shared insights at the Benzinga cannabis event about the company's success in maintaining a balanced accounts receivable sheet. Gold Flora, a major indoor cannabis cultivator in California, emphasizes the importance of finding the right partners and maintaining discipline in AR management. Holcomb also discussed the challenges of capital in the cannabis industry and the need for professional growers and strategic partnerships.

Portfolio Pulse from Nina Zdinjak

June 21, 2024 | 12:54 pm

CRKN

Crown Electrokinetics Corp. (NASDAQ:CRKN) shares are trading lower after the company announced a 1-for-150 reverse stock split, effective June 25. The company also secured a $12 million dark fiber construction project and received conditional approval for continued Nasdaq listing.

Portfolio Pulse from Erica Kollmann

June 21, 2024 | 12:54 pm

SPG

Forever 21 is seeking rent concessions as it faces financial struggles. This move indicates the fast fashion brand's ongoing financial woes and could impact its landlords, including Simon Property Group (SPG).

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:52 pm

KMX

CarMax Inc (NYSE:KMX) reported a mixed Q1 FY25 with a 7.5% decline in total net sales and operating revenues, missing analyst estimates. Despite a decrease in unit sales and gross profit, CarMax Auto Finance's income grew by 7%. The company's CEO highlighted positive trends amid challenges. Shares are trading slightly higher in premarket.

Portfolio Pulse from Shivani Kumaresan

June 21, 2024 | 12:50 pm