Streetbeat News

Revenues

VLGEA

Village Super Market (NASDAQ:VLGEA) reported Q3 earnings per share (EPS) of $0.60, a 20% decrease from $0.75 YoY, while sales increased by 3.23% to $546.37 million from $529.29 million YoY.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:33 pm

NIO

TSLA

XPEV

Tesla's stock rose in premarket trading despite a negative outlook for Wall Street. The company reported strong made-in-China car sales for May, with a 17% increase from April but a 6.6% year-over-year decline. Chinese EV startups Nio, XPeng, and Li Auto also reported strong sales.

Portfolio Pulse from Shanthi Rexaline

June 04, 2024 | 12:33 pm

AMD

ARM

INTC

MSFT

SOXQ

USD

Arm Holdings Plc (NASDAQ:ARM) aims to capture over 50% of the Windows PC market within five years, supported by Microsoft's (NASDAQ:MSFT) plans to launch AI-enhanced PCs using Arm's technology. The stock is trading lower on Tuesday after a significant rise on Monday. Analysts are confident in Arm's potential in AI and datacenter markets.

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 12:32 pm

SGBX

Safe & Green Holdings shares are trading higher following the announcement of a new contract to construct 11 additional container modules and related services for a government contractor.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:32 pm

HON

Honeywell has integrated AI and machine learning into its Guided Work Solutions to enhance retail operations, aiming to increase productivity, reduce errors, and improve customer experiences.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:29 pm

SONM

Sonim Technologies (NASDAQ: SONM) has announced that select products from its new 5G connected solutions portfolio are now Trade Agreements Act (TAA) compliant, allowing for procurement by the U.S. government. The company is also shifting manufacturing outside of China to enhance operational resilience and open new market opportunities.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:29 pm

AMD

FEPI

FTXL

INTC

NVDA

Intel Corp (NASDAQ:INTC) aims to maximize its chip exports to China despite U.S. export controls. CEO Pat Gelsinger highlighted Intel's technological edge but warned that restrictive U.S. policies could push China to develop its semiconductors. The U.S. has tightened export controls affecting Intel, AMD, and Nvidia. Intel is also preparing to compete in the AI PC and data center markets.

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 12:28 pm

AKTX

Akari Therapeutics Plc (NASDAQ:AKTX) has successfully closed an initial private placement financing round, raising approximately $7.6 million from new and existing investors. The funds will support the company's development of therapies for autoimmune and inflammatory diseases.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:24 pm

WULF

TeraWulf Inc. (NASDAQ:WULF) announced its May 2024 production and operations update, highlighting the mining of 186 Bitcoin, an 82% year-over-year increase in self-mining capacity to 8.0 EH/s, and advancements in their AI/HPC digital infrastructure pilot.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:21 pm

AMZN

ARM

AVGO

CDNS

GOOG

MRVL

MSFT

SNPS

Broadcom and Marvell are set to benefit significantly from the growing demand for custom ASIC solutions driven by generative AI. JPMorgan analyst Harlan Sur predicts the custom chip market will grow to $20-30 billion, with a 20% CAGR. Broadcom holds a dominant market share, while Marvell is rapidly gaining ground. Cloud giants like Google, Amazon, and Microsoft are increasingly opting for custom ASICs over off-the-shelf products, boosting demand for Broadcom and Marvell's solutions.

Portfolio Pulse from Surbhi Jain

June 04, 2024 | 12:20 pm