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Stock Prices

NVDA

Nvidia's stock has soared over $800, marking a significant milestone as the company transitions from PC gaming to a leader in AI technology. Despite concerns of overvaluation and potential short-term market corrections, Nvidia's impressive 56% increase in stock value early in the year, followed by a 16% rise post-Q4 earnings, showcases strong performance and investor confidence. Technical analysis suggests a support zone around $716, with future resistance anticipated at the $1000 mark. Nvidia's collaboration with Meta to build the world's fastest AI supercomputer further cements its position in the AI space.

Portfolio Pulse from Zaheer Anwari

March 01, 2024 | 1:52 pm

NXU

TSLA

Nxu shares experienced an increase following the announcement that the company successfully charged a Tesla Cybertruck on February 26.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:50 pm

GRTS

Gritstone Bio announced a significant workforce reduction of approximately 40%, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:49 pm

CRDF

Cardiff Oncology's shares surged following the announcement of favorable Q4 financial outcomes, a positive update on the Phase 2 ONSEMBLE trial for RAS-mutated mCRC, and the initiation of dosing in a first-line RAS-mutated mCRC trial.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:49 pm

SENS

Senseonics shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:48 pm

AMRK

DAR

PRGO

TTSH

Insiders at Perrigo, A-Mark Precious Metals, Darling Ingredients, and Tile Shop Holdings have made significant stock purchases, indicating potential confidence in their companies' futures. These transactions come amidst various financial performances, with Perrigo and Darling Ingredients reporting slight and significant downturns, respectively, A-Mark Precious Metals posting worse-than-expected results, and Tile Shop Holdings experiencing a sales decline.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 1:48 pm

XPEV

XPeng Inc. (NYSE:XPEV) shares are up in premarket trading after the company reported a decrease in Smart EV deliveries year over year but showed strong performance in the electric MPV and three-row seater BEV segments with its X9 model. Additionally, XPENG announced the rollout of its unlimited XNGP ADAS function for experienced users in China, leading to a significant increase in smart driving mileage among its car owners during the Chinese New Year holiday.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 1:48 pm

FSR

Fisker's shares dropped following its preliminary Q4 2023 revenue report, which fell below estimates. The company also expressed substantial doubt about its ongoing viability in its upcoming annual financial statements to the SEC.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:47 pm

SOUN

SoundHound AI's shares dropped following the announcement of disappointing Q4 financial results, which were below market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:46 pm

RMBS

Rambus Inc. (NASDAQ:RMBS) has launched an accelerated share repurchase program to buy back approximately $50 million of its common stock. The program, in partnership with Royal Bank of Canada through RBC Capital Markets, LLC, is part of Rambus's capital allocation strategy to enhance stockholder value. The company will pre-pay $50 million and initially receive around 675,000 shares, with the final number of shares based on the average stock price, less a discount. The program is expected to conclude by the end of Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:46 pm