Streetbeat News

Revenues

PLTR

Palantir Technologies, Inc. (NYSE:PLTR) is experiencing a surge in demand, driven by its AI capabilities and foundational investments. The company's CTO, Shyam Sankar, highlighted the importance of experiential AI deployment and criticized reliance on consultants. Palantir's competitive edge lies in its toolchain for rapid production deployment, differentiating it from larger rivals like Microsoft, IBM, and Alphabet. Sankar also discussed the geopolitical opportunities for AI and the need for American reindustrialization.

Portfolio Pulse from Shanthi Rexaline

October 09, 2024 | 7:28 am

ASX

ASE Technology reported a 3.4% year-over-year increase in net revenue for September and a 1.2% increase for Q3. The company showed sequential growth in both NT$ and US$ terms.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 7:23 am

AVGO

NVDA

PEP

The S&P 500 gained 1% as Nvidia and Broadcom shares surged, reflecting improved investor optimism. Nvidia and Broadcom saw significant gains of 4% and 3% respectively. PepsiCo reported mixed Q3 results and lowered its 2024 revenue guidance. The Fear & Greed Index remained in the 'Greed' zone.

Portfolio Pulse from Avi Kapoor

October 09, 2024 | 7:12 am

EWG

Germany's trade balance for August was reported at 22.5 billion euros, surpassing the estimated 18.9 billion euros and the previous month's 16.8 billion euros.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:01 am

BIDU

JD

Chinese stocks, including tech giants JD.com, Alibaba, and Baidu, faced a sharp selloff as the Hang Seng Index dropped 1.39%. The downturn is attributed to profit-taking and disappointment over Beijing's fiscal policies.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 4:28 am

TMUS

T-Mobile US (NASDAQ:TMUS) has significantly outperformed the market over the past decade, with an annualized return of 23.11%. A $1000 investment in TMUS 10 years ago would now be worth $7,844.35. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 9:30 pm

RS

Reliance (NYSE:RS) has significantly outperformed the market over the past 5 years, with an annualized return of 23.2%, resulting in a $100 investment growing to $278.89. This highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 9:30 pm

LEU

Centrus Energy's subsidiary, ACO, has been awarded a contract by the US Department of Energy to support the deployment of technology and equipment for HALEU deconversion. The contract has a minimum value of $2 million, with a potential maximum value of $800 million for all awardees.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 9:19 pm

BWXT

BWX Technologies' subsidiary, NFS, has been selected by the US Department of Energy for a contract involving high-assay low-enriched uranium deconversion services. This is an indefinite-delivery, indefinite-quantity contract with a minimum ordering guarantee of $2 million.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 9:17 pm

OR

Osisko reported 18,408 attributable gold equivalent ounces in Q3, with preliminary revenues of C$57.3 million and a cash margin of C$55.1 million. The company reduced its net debt to C$22.2 million after repaying C$27.3 million.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 9:03 pm