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NVDA

TSLA

Tesla Inc. (NASDAQ:TSLA) plans to expand its Giga Texas facility to include a new data center with over 500MW capacity in the next 18 months. This center will house Tesla's AI hardware and Nvidia's GPUs. Tesla will spend $3-4 billion on Nvidia hardware and the rest of its $10 billion AI budget internally.

Portfolio Pulse from Anan Ashraf

June 21, 2024 | 12:20 pm

LLY

NVO

ZLDPF

Zealand Pharma announced positive Phase 1b trial results for its weight management drug, petrelintide, showing significant weight loss and good tolerability. This news comes as the weight-loss drug market, dominated by Novo Nordisk's Ozempic and WeGovy, is projected to grow significantly.

Portfolio Pulse from Benzinga Neuro

June 21, 2024 | 12:12 pm

ACST

Acasti Pharma reported a significant improvement in its FY24 revenue, with a loss of $1.35 million compared to a loss of $5.71 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:09 pm

SLE

Super League Gaming (SLE) has issued a mid-year update from CEO Ann Hand, highlighting expectations for record revenues in 2024 and profitability in the second half of the year. The company has over 130 million monthly active users engaged through more than 7,000 experiences.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:06 pm

PTN

Palatin Technologies has entered into a warrant inducement agreement with an institutional investor to exercise 3,233,277 shares issued in November 2022 and October 2023, raising $6.1 million.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:04 pm

WH

Over the past three months, analysts have provided mixed reviews for Wyndham Hotels & Resorts (NYSE:WH), with most ratings being somewhat bullish. The average 12-month price target has declined slightly to $85.8. Analysts have adjusted their ratings and price targets in response to market conditions and company performance. Financial indicators show challenges in revenue growth, net margin, ROE, and ROA, but a healthier debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 12:01 pm

BA

EADSY

ITA

PPA

SPR

Boeing Co. (NYSE:BA) is nearing a deal to reacquire Spirit AeroSystems Holdings Inc. (NYSE:SPR) to stabilize its supply chain. The negotiations, which faced challenges due to Spirit's work with Airbus SE (OTC:EADSY), are reportedly making good progress. Spirit AeroSystems is under financial strain, and Boeing's interest is partly driven by the need for investment in digital production systems. Boeing's stock has lost over 16% in the last 12 months, and investors can gain exposure via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Shivani Kumaresan

June 21, 2024 | 11:55 am

KRKR

36Kr Holdings has partnered with SenseTime to integrate advanced AI technologies into its media content production, aiming to enhance efficiency and reduce costs. This collaboration will enable 36Kr to offer innovative AI-driven products and expand its customer base, boosting its commercialization capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 11:34 am

GBTC

GS

IBIT

Standard Chartered is launching a Bitcoin and Ethereum trading desk, positioning itself as one of the first global banks to enter spot cryptocurrency trading. This move comes amid significant outflows from Bitcoin spot ETFs, with Grayscale experiencing substantial outflows and BlackRock seeing modest inflows.

Portfolio Pulse from Murtuza Merchant

June 21, 2024 | 11:25 am

ARVN

Arvinas presented new preclinical data for its investigational BCL6 PROTAC degrader ARV-393, showing anti-tumor activity in B-cell lymphoma models. The data suggest potential for ARV-393 as a treatment for non-Hodgkin lymphoma.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 11:16 am