Streetbeat News

Revenues

BABA

IVW

NVDA

XLK

Nvidia's GPU sales in China are at risk as the country pushes for domestic AI chips in response to US semiconductor sanctions. This could impact Nvidia's revenue from its H20 GPUs, a significant market for the company. Despite this, analysts remain optimistic about Nvidia's stock potential.

Portfolio Pulse from Anusuya Lahiri

October 07, 2024 | 11:52 am

SPY

USO

U.S. markets closed higher with the Dow reaching a record high, driven by a strong jobs report. Most S&P 500 sectors gained, while real estate and utilities fell. Crude oil prices rose by 2.5%. Asian markets showed mixed results, and European markets were mostly stable. U.S. futures indicated a decline.

Portfolio Pulse from Akanksha Bakshi

October 07, 2024 | 10:56 am

DRCR

SGN

Signing Day Sports (NYSE:SGN) is advancing its acquisition of Swifty Global (OTC:DRCR), focusing on growth and new revenue streams. The companies are working on a strategic roadmap to enhance shareholder value, improve operational efficiency, and explore global expansion. Swifty is providing a $150,000 promissory note to support the acquisition.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 10:32 am

MULN

Mullen Automotive Inc. (NASDAQ: MULN) forecasts $75 million in revenue over the next six months while cutting spending by $5.5 million through job reductions and program eliminations. The company aims to streamline operations and focus on commercial revenue growth.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 10:05 am

AMZN

APOG

NAPA

NFLX

TSLA

U.S. stocks rose on Friday, with the Dow Jones gaining over 300 points due to positive jobs data. Tesla, Amazon, and Netflix shares increased, while Apogee Enterprises surged 23% after strong earnings. The Fear & Greed Index remained in the 'Greed' zone, indicating positive market sentiment.

Portfolio Pulse from Avi Kapoor

October 07, 2024 | 7:46 am

AMZN

AWS CEO Matt Garman revealed that Amazon Web Services has been exploring generative AI long before it became popular, countering perceptions that AWS was slow in this area. AWS has launched platforms like SageMaker and Bedrock to integrate AI into customer applications. Analysts recognize Amazon's strong position in e-commerce and cloud, with AI being a key driver for AWS.

Portfolio Pulse from Ananya Gairola

October 07, 2024 | 7:34 am

UMC

United Microelectronics (UMC) reported a year-over-year net sales decline of 0.58% for September 2024, with revenues dropping from 19,052,938 to 18,942,714. However, the company's cumulative revenue from January to September 2024 increased by 2.59% compared to the same period in 2023.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:45 am

GOLD

Barrick Gold's Twiga Partnership has significantly increased Tanzanian revenue and expanded education and safety initiatives, showcasing the company's commitment to corporate responsibility and community development.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:36 am

EWG

Germany's factory orders for August fell by 5.8%, significantly worse than the estimated decline of 1.9%. This follows a revised increase of 3.9% in the previous month.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:03 am

ARKK

GOOGL

META

TSLA

Cathie Wood of ARK Invest predicts a trillion-dollar revenue opportunity for Tesla in the autonomous vehicle market, highlighting a 'winner-takes-most' scenario. She also discusses the potential of AI companies like OpenAI, which recently raised $6.6 billion, and the broader AI sector's growth.

Portfolio Pulse from Kaustubh Bagalkote

October 07, 2024 | 4:07 am