Streetbeat News

Stock Prices

NVDA

NVIDIA is experiencing significant growth in the AI segment, leading to increased GPU prices, limited supply, and a massive order backlog. The company's GPUs are in high demand for tackling AI, ML, and DNN challenges, with ByteDance alone acquiring $1 billion worth of NVIDIA AI GPUs. The pricing of NVIDIA's H100 GPUs is expected to reach $50,000 per accelerator due to the current market trend.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 2:24 pm

IYE

OIH

VDE

XLE

XOP

Energy sector ETFs, including XLE, OIH, VDE, XOP, and IYE, have experienced over $2.25 billion in outflows recently, with negative flows for most of 2023. However, past instances of outflows exceeding $2.25 billion have generally led to short-term positive responses in XLE.

Portfolio Pulse from Thrasher Analytics

June 27, 2023 | 2:20 pm

PANW

Palo Alto Networks' stock is trading higher after Morgan Stanley maintained an Overweight rating and raised its price target from $255 to $302.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 2:19 pm

AUMN

Golden Minerals Co (AUMN) shares are down 15.26% after announcing a $2.1 million registered direct offering. The company will sell 1,427,587 common stock shares at $1.45 per share and issue unregistered warrants for the purchase of up to 1,427,587 common stock shares at $1.90 per share.

Portfolio Pulse from Henry Khederian

June 27, 2023 | 2:17 pm

SYTA

Siyata Mobile Inc (SYTA) stock is down 40% after the company priced a 50 million share offering at $0.045 per share, expecting to raise approximately $2.25 million in gross proceeds. The offering is set to close on June 28.

Portfolio Pulse from Henry Khederian

June 27, 2023 | 2:16 pm

CTAS

Over the past three months, shares of Cintas Inc. (NASDAQ:CTAS) increased by 5.50%. The company's total debt is at $2.74 billion, with $2.49 billion in long-term debt and $249.05 million in current debt. Adjusting for $88.56 million in cash-equivalents, the company has a net debt of $2.65 billion. Cintas has a debt-ratio of 0.32.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 2:16 pm

SNX

TD Synnex Corp (NYSE:SNX) reported a 7.9% Y/Y decline in Q2 FY23 revenue to $14.06 billion, missing the consensus of $14.42 billion. Adjusted EPS was $2.43, below the consensus of $2.55. The company declared a quarterly dividend per share of $0.35 and expects Q3 revenue of $13.5 billion-$14.5 billion, below the consensus of $14.96 billion.

Portfolio Pulse from Lekha Gupta

June 27, 2023 | 2:13 pm

LCID

Lucid Group's stock is trading higher after the Saudi Public Investment Fund increased its stake in the company and Lucid announced a technology partnership with Aston Martin. The partnership is worth over $450 million and will give Aston Martin access to Lucid's electric vehicle powertrain and battery systems.

Portfolio Pulse from Henry Khederian

June 27, 2023 | 2:10 pm

ALT

RXRX

S

VNT

Banyan Hills Newsletter has named SentinelOne (S), Recursion Pharmaceuticals (RXRX), Vontier (VNT), and Altimmune (ALT) as stocks to buy.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 2:09 pm

NKTX

Nkarta's shares are trading lower following the release of updated data from its Phase 1 study of NKX101 for relapsed or refractory acute myeloid leukemia.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 2:07 pm