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NVDA

TSM

Nvidia Corp (NVDA) stock is experiencing an uptick due to the ongoing artificial intelligence (AI) boom, with its market value significantly increasing over the past year. Nvidia has been adapting to U.S. restrictions by creating compliant semiconductors for the Chinese market. Nvidia CEO Jensen Huang met with Taiwan Semiconductor Manufacturing Co (TSM) executives to discuss AI chip supply, which is crucial given TSMC's role as a key producer of Nvidia's chips. Analysts remain bullish on Nvidia, citing its leadership in GPU and chip supply and its potential in various sectors including AI, gaming, automotive, and data centers. Nvidia's stock rose 218% last year and was up 1.69% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 25, 2024 | 3:15 pm

URI

United Rentals reported Q4 financial results that exceeded expectations and provided positive revenue guidance for FY24, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:14 pm

ASML

ASML shares have seen an increase in their trading price following the company's report of its Q4 earnings on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:12 pm

LVTX

MRK

LAVA Therapeutics NV (LVTX) has partnered with Merck & Co Inc (MRK) to evaluate the combination of LAVA-1207 with Merck's Keytruda in a study for metastatic castration-resistant prostate cancer. Merck will supply Keytruda for the study, which is expected to begin in the first half of 2024. LAVA-1207 has shown a favorable safety profile and preliminary anti-tumor activity. LVTX stock has surged 50% on this news.

Portfolio Pulse from Vandana Singh

January 25, 2024 | 3:11 pm

SMMF

Summit Financial Group (SMMF) reported Q4 earnings with an EPS of $1.11, slightly beating the estimate of $1.1. Revenue increased by $7.38 million compared to the same period last year. Despite beating EPS estimates last quarter, SMMF's share price fell by 4.98% the following day. Historical earnings performance shows mixed results over the past four quarters.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:10 pm

CGON

Trading for the IPO security CGON was halted but has now resumed as of 10:10:00 AM ET.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:10 pm

VITL

Stifel analyst Matthew Smith has reaffirmed a Buy rating on Vital Farms (NASDAQ:VITL) and increased the price target from $15 to $16.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:09 pm

RDHL

Redhill Biopharma's stock price has declined following the announcement of an $8 million registered direct offering. The offering could dilute existing shareholders' equity, leading to the negative market reaction.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:08 pm

LRCX

Lam Research's stock is trading higher following the announcement of their second-quarter results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:08 pm

GEN

ORCL

Oracle (NYSE:ORCL) is set to distribute a dividend of $0.40 per share with an annualized yield of 1.41%. The dividend is for shareholders on record before January 10, 2024. Oracle has shown a positive trend in dividend per share growth from $0.96 in 2020 to $1.60 in 2023, and earnings growth from $4.16 to $5.42 per share over the same period. This suggests strong financial health and potential for continued profit distribution. Gen Digital (NASDAQ:GEN) has the highest dividend yield in the industry at 2.13%.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:05 pm