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PRSO

Peraso Inc. (NASDAQ:PRSO) announced the EtherWave software package for its 60 GHz IEEE 802.11ad module products, offering cross-platform support for Android, Windows, and Linux. EtherWave enables efficient Ethernet data transport over USB without specific drivers, targeting AR/VR and tactical communications applications. Currently in pre-release testing, EtherWave is expected to be generally available for Android by Q2 2024. Positive feedback from beta-customers highlights nearly 2Gbps throughput and enhanced security features.

Portfolio Pulse from Happy Mohamed

February 20, 2024 | 1:15 pm

AMAT

APP

PXLW

SOUN

Four tech stocks, SoundHound AI, Inc. (SOUN), AppLovin Corporation (APP), Applied Materials, Inc. (AMAT), and Pixelworks, Inc. (PXLW), are considered overbought as of Feb. 20, 2024, based on their RSI values. These stocks have shown significant price gains in the short term, with SOUN, APP, and AMAT reporting positive developments, while PXLW reported a wider-than-expected loss.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 1:14 pm

KTOS

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has ordered nine Zeus 1 and Zeus 2 rocket motors for initial customer funded flights. These motors are part of Kratos' strategy to provide affordable, high-performance solid rocket motors (SRMs) for various missions, including hypersonic test and ballistic missile targets. The Zeus SRMs are designed to offer performance improvements, allowing for more frequent, faster, and farther flights at reduced costs. Kratos' investments in hypersonic systems like Erinyes and Dark Fury complement these SRMs, positioning the company as a key player in both launcher and flyer systems.

Portfolio Pulse from Happy Mohamed

February 20, 2024 | 1:14 pm

LYFT

MSFT

SBUX

UBER

Lyft Inc (NASDAQ:LYFT) reported better-than-expected 2023 financials, with a significant stock surge followed by a sharp fall due to a corrected earnings typo. Despite this, Lyft's strategic partnerships with Starbucks (NASDAQ:SBUX) and Microsoft's LinkedIn (NASDAQ:MSFT) and strong financial performance indicate profitable growth ahead. In contrast, Uber Technologies Inc (NYSE:UBER) reported its first-ever annual profit with impressive quarterly results, outperforming Lyft in market value and user growth.

Portfolio Pulse from Upwallstreet

February 20, 2024 | 1:13 pm

LTRY

Lottery.com Inc. announced the voluntary dismissal of a lawsuit by Woodford Eurasia Assets alleging proxy misstatements against the company and its directors. The lawsuit, filed in the United States District Court for the District of Delaware, was dismissed without prejudice. This legal action initially sought to prevent a special meeting of stakeholders regarding the sale of stock to United Capital Investments London Limited, which could change company control. The court had previously denied Woodford's motion for a temporary restraining order and injunction. With the lawsuit's dismissal, Lottery.com focuses on its mission in the lottery and sports media industries.

Portfolio Pulse from Happy Mohamed

February 20, 2024 | 1:12 pm

COF

DFS

Discover Financial Services (DFS) shares rose by 11% in pre-market trading after Capital One Financial Corp (COF) announced plans to acquire DFS in a $35.3 billion all-stock deal, offering a 26% premium over DFS's last closing price. Other stocks showed significant pre-market movements, with notable gainers including AgriFORCE Growing Systems (AGRI) and Shineco, Inc. (SISI), and losers like Universe Pharmaceuticals INC (UPC) and MicroCloud Hologram Inc. (HOLO).

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 1:09 pm

GFF

Griffon Corporation has agreed to repurchase 1.5 million of its shares from Voss Capital at a price of $65.50 per share. This move is part of Griffon's strategy to manage its share capital effectively.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:06 pm

BZFD

MNY

OCG

WIMI

In Tuesday's pre-market session, several Communication Services stocks showed notable movements. WiMi Hologram Cloud (WIMI) led the gainers with a 22.0% increase, while Oriental Culture Holding (OCG) experienced the largest drop among the losers, falling 17.5%. Other notable movers included NFT (MI), MoneyHero (MNY), and BuzzFeed (BZFD) on the gainers' side, and Gaxos.AI (GXAI) and Cheer Holding (CHR) among the losers.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 1:06 pm

BFRI

MEDS

OCGN

RAPT

In Tuesday's pre-market session, several healthcare stocks showed significant movement. Trxade Health (MEDS) led the gainers with a 207.2% increase, while RAPT Therapeutics (RAPT) experienced the largest drop among the losers, declining by 67.3%. Other notable movers include Biofrontera (BFRI) with a 206.87% increase and Ocugen (OCGN) rising by 28.54%. The movements reflect significant volatility in the healthcare sector.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 1:05 pm

LUNR

In Tuesday's pre-market session, several industrials stocks showed significant movement. Notably, Intuitive Machines (LUNR) led the gainers with an 18.3% increase, while Quhuo (QH) experienced the largest drop among the losers, falling by 11.0%. The movements reflect varying market capitalizations and investor reactions to company-specific news or broader market trends.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 1:05 pm