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STLA

Stellantis N.V. (NYSE:STLA) has invested in SteerLight, a developer of advanced LiDAR technology, through its corporate venture fund, Stellantis Ventures. This new LiDAR technology offers higher resolution, precision, and lower production costs than existing systems, aiming to enhance ADAS in future Stellantis vehicles. SteerLight's technology, a spinoff from CEA-Leti, utilizes FMCW LiDAR based on silicon photonics, providing accurate depth and velocity data while resisting environmental interference.

Portfolio Pulse from Shivani Kumaresan

March 20, 2024 | 10:00 am

JKS

JinkoSolar Holding reported a significant increase in its Q4 shipments, totaling 27,862 MW. This represents a 23.3% increase from the previous quarter and a 67.7% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:55 am

EQT

JP Morgan analyst Arun Jayaram downgraded EQT Corporation (NYSE:EQT) from Overweight to Neutral and reduced the price target from $39 to $37.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:55 am

JKS

JinkoSolar Holding Co (JKS) reported Q4 earnings per share of $0.08, missing the $2.21 estimate by 96.38%. However, their quarterly sales of $4.62B exceeded the $4.28B estimate by 8.04%, marking a 4.90% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:53 am

So-Young Intl (NASDAQ:SY) reported Q4 adjusted EPS of $0.06, surpassing the $0.02 estimate, and sales of $55.00M, exceeding the $51.04M estimate. This represents a 20% increase in EPS and a 16.67% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:42 am

RIOT

JP Morgan analyst Reginald Smith upgraded Riot Platforms (NASDAQ:RIOT) from Neutral to Overweight and set a $15 price target.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:39 am

AMCR

AQST

HROW

MSTR

MXCT

NDAQ

SMR

WULF

Harrow Health, Inc. (HROW) reported weaker-than-expected Q4 results, leading to a 14.6% drop in pre-market trading. Other stocks also moved lower, including Aquestive Therapeutics (AQST), NuScale Power Corporation (SMR), MaxCyte, Inc. (MXCT), TeraWulf Inc. (WULF), MicroStrategy Incorporated (MSTR), Nasdaq, Inc. (NDAQ), and Amcor plc (AMCR), due to various factors such as underwritten public offerings, downgrades, and corporate announcements.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 9:32 am

NVDA

SNPS

SSNLF

Samsung Electronics Co's stock surged over 5% following Nvidia's interest in its high-bandwidth memory chips for GPUs. Nvidia's CEO, Jensen Huang, praised the chips' complexity and value, signaling potential collaboration. This news comes amidst Samsung's competition with SK Hynix, which recently announced its HBM chips supply to Nvidia, causing its stock to drop by 3.56%. The demand for HBM chips is rising due to their critical role in AI technologies, with SK Hynix dominating the HBM3 market. Nvidia's interest highlights the growing importance of chip technology in AI advancements.

Portfolio Pulse from Benzinga Neuro

March 20, 2024 | 9:23 am

HUIZ

Huize has announced a $5 million share repurchase program, signaling confidence in the company's future prospects and potentially supporting the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:01 am

AAPL

Tesla Inc. investor Ross Gerber criticized Apple Inc. (NASDAQ:AAPL) for its new Sports app, urging the company to focus on its core competencies instead of entering crowded markets. Gerber's critique also referenced Apple's failed car project, highlighting the company's recent struggles in innovation and market impact. Despite the criticism, Apple's stock closed up 1.36% at $176.08.

Portfolio Pulse from Rounak Jain

March 20, 2024 | 8:52 am