Streetbeat News

Revenues

EQNR

Equinor and its partners have discovered gas and condensate in the development well 6406/2-L-2 H, located 260 km southwest of Brønnøysund, as reported by the Norwegian Offshore Directorate.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 10:45 am

IMOS

ChipMOS reported August 2024 revenue of $66.2 million, marking a 2.5% increase from the previous month and a 15.4% year-over-year rise.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 10:04 am

LODE

Comstock Inc. (NYSE:LODE) has announced new revenue streams from contracts for recycling end-of-life solar panels. This development highlights Comstock Metals' commitment to sustainable recycling solutions.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 10:03 am

INTC

MBLY

TSLA

Investor Gary Black clarified that Mobileye is not discontinuing lidar technology but will source it externally, countering misconceptions among Tesla enthusiasts. This comes amid Intel's potential stake sale in Mobileye, impacting its stock. Mobileye reported a 3% revenue decline but beat analyst expectations.

Portfolio Pulse from Benzinga Neuro

September 10, 2024 | 9:20 am

NVDA

TSLA

Elon Musk announced that Tesla's Dojo 2 supercomputer will be in volume production by the end of 2025, with its full potential expected to be realized by late 2026. The Dojo supercomputer is integral to Tesla's Full Self-Driving technology, and the company has committed significant investments in both Dojo and Nvidia for AI processing.

Portfolio Pulse from Ananya Gairola

September 10, 2024 | 8:56 am

NVDA

SOXX

Nvidia shares are expected to continue their upward trajectory due to strong AI demand, despite recent declines. The stock is considered reasonably valued with significant revenue growth projected. Concerns include potential competition and antitrust issues.

Portfolio Pulse from Shanthi Rexaline

September 10, 2024 | 8:48 am

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) reported a 33% year-over-year revenue growth in August 2024, despite a 2.4% decline from the previous month. The company's revenue for the first eight months of 2024 increased by 30.8% compared to the same period in 2023.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 7:11 am

TSLA

Tesla's insurance registrations in China reached 16,200 last week, marking a 12.5% increase from the previous week and the third-highest this year. This surge suggests Tesla is on track for its best quarter ever in China, with registrations up 15% year-over-year and 25% quarter-over-quarter. Despite competition from domestic automakers, Tesla's Shanghai gigafactory is operating at full capacity, producing the Model 3 and Model Y for both domestic and international markets.

Portfolio Pulse from Anan Ashraf

September 10, 2024 | 6:28 am

AMD

INTC

NVDA

AMD is shifting its focus from gaming GPUs to AI chips, projecting $4.5 billion in sales for its MI300x AI chip in 2024. This move is part of AMD's strategy to compete with Nvidia in the AI sector. The company plans to release new AI chips annually, with significant growth expected in AI-related revenue.

Portfolio Pulse from Benzinga Neuro

September 10, 2024 | 6:23 am

EWG

Germany's Consumer Price Index (CPI) for August decreased by 0.1%, matching the estimated decline and contrasting with a 0.3% increase in the prior month. This data may influence the performance of the iShares MSCI Germany ETF (EWG), which tracks the German market.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 6:07 am