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AGIL

FOXO

SPLK

Several information technology stocks experienced significant movement in Wednesday's after-market session. Notable gainers included FOXO Technologies (AMEX:FOXO), Splunk (NASDAQ:SPLK), Nano Labs (NASDAQ:NA), NVIDIA (NASDAQ:NVDA), Super Micro Computer (NASDAQ:SMCI), and WiSA Technologies (NASDAQ:WISA). On the other hand, AgileThought (NASDAQ:AGIL), Dave (NASDAQ:DAVE), Red Cat Hldgs (NASDAQ:RCAT), VNET Gr (NASDAQ:VNET), Verb Tech (NASDAQ:VERB), and AvePoint (NASDAQ:AVPT) saw their stock prices decline.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 9:32 pm

NVDA

Nvidia's CFO has stated that the company has visibility into demand extending into the next year, during a conference call.

Portfolio Pulse from Charles Gross

August 23, 2023 | 9:31 pm

HEMP

HERTF

LVRLF

RWBYF

SLGWF

TGIFF

On August 23, 2023, several marijuana stocks experienced significant price movements. Notable gainers included Hemp (OTC:HEMP), 1933 Industries (OTC:TGIFF), and SLANG Worldwide (OTC:SLGWF), while notable losers included Red White & Bloom Brands (OTC:RWBYF), Heritage Cannabis Holding (OTC:HERTF), and CordovaCann (OTC:LVRLF).

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 9:30 pm

WEN

Nelson Peltz has reported a decrease in his stake in Wendy's (WEN) from 17.39% as of June 1 to 16.12% as of August 22.

Portfolio Pulse from Charles Gross

August 23, 2023 | 9:26 pm

NVDA

TSM

Nvidia's CFO has stated that the company expects supply to increase each quarter through the next year. Additionally, the CFO clarified that the L40S chip is not limited by TSMC COWOS packaging supply chain.

Portfolio Pulse from Charles Gross

August 23, 2023 | 9:15 pm

GPS

MAT

Gap Inc (NYSE:GPS) is set to report its Q2 financial results on August 24, 2023. Analysts expect the company to report revenue of $3.57 billion and earnings per share of 9 cents. The company has missed revenue estimates in the last two quarters but has beaten or matched earnings per share estimates in four of the last six quarters. Analysts' opinions on Gap's performance are mixed, with some highlighting the company's robust inventory control and potential for strong gross margins. Investors will be watching the performance of Gap's individual brands, inventory and cost controls, and the impact of inflation on consumer spending patterns. Gap's new CEO, Richard Dickson, formerly of Mattel Inc (NASDAQ:MAT), will also be under scrutiny.

Portfolio Pulse from Chris Katje

August 23, 2023 | 9:15 pm

LYT

Lytus Technologies has received a notification from Nasdaq about its noncompliance with audit committee requirements. The company is expected to take necessary steps to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 9:14 pm

SMID

Smith-Midland Corporation (SMID) has received a letter from Nasdaq due to a delay in filing its Form 10-Q. The company has engaged a new audit firm, BDO, to address the issue.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 9:13 pm

FXI

NVDA

During a conference call, Nvidia's CFO stated that the demand from China was within the historical range of data center demand, which is typically between 20% to 25%.

Portfolio Pulse from Charles Gross

August 23, 2023 | 9:09 pm

AES

Over the past 3 months, 4 analysts have published their opinion on AES (NYSE:AES) stock, with 3 being somewhat bullish and 1 indifferent. The average 12-month price target for AES is $26.5, representing a 5.36% decrease from the previous average price target of $28.00.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 9:00 pm