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NVDA

Nvidia's Blackwell GPU launch is delayed by one quarter to Q1 2025. Supply chain sources consider the delay manageable.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:26 pm

DGLY

Digital Ally Inc (NASDAQ:DGLY) shares surged by 62% to $1.38 after the company was granted a U.S. Patent for a system that tracks and analyzes drivers within a fleet of vehicles. This system addresses critical needs in fleet management, such as real-time monitoring, incident reporting, and driver behavior analysis, potentially leading to new contracts or partnerships and boosting revenue projections.

Portfolio Pulse from Henry Khederian

August 14, 2024 | 1:25 pm

DKNG

DraftKings announced on X (formerly Twitter) that it will not proceed with the gaming tax surcharge. This decision could impact the company's financial outlook and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:25 pm

ICAD

Icad shares are trading higher after the company reported better-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:24 pm

BABA

PNQI

SE

XNTK

Alibaba's Lazada achieved its first monthly profit in July 2024, driven by AI-enabled operations and improved logistics. Despite this, Lazada faces strong competition from Sea Limited's Shopee. Alibaba's international commerce retail business saw a 45% revenue increase in Q4, but its stock has declined over the past year due to domestic challenges.

Portfolio Pulse from Anusuya Lahiri

August 14, 2024 | 1:23 pm

MBRX

Moleculin Biotech shares are trading higher after the company reported better-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:23 pm

DKNG

FLUT

DraftKings Inc (NASDAQ:DKNG) shares experienced increased volatility following Flutter Entertainment's (NYSE:FLUT) Q2 results, which exceeded expectations. Flutter's decision not to impose a surcharge in high-tax U.S. states initially caused DraftKings shares to drop, but they rebounded after DraftKings announced it would also not implement a surcharge. Analysts from Needham and Truist Securities reiterated Buy ratings for DraftKings with price targets of $60 and $50, respectively.

Portfolio Pulse from Adam Eckert

August 14, 2024 | 1:22 pm

VIRX

Viracta Therapeutics shares are trading higher after the company reported better-than-expected Q2 EPS results and announced positive Phase 2 NAVAL-1 trial results. The company will also begin a randomized controlled trial (RCT).

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:22 pm

TCBP

TC BioPharm (NASDAQ:TCBP) shares dropped 44% to $2.00 after announcing a 2 million unit offering at $1 per unit. The funds will support a clinical trial for Acute Myeloid Leukemia and other expenses. The stock has decreased 96.36% over the past year and 59.44% over the past month, with an RSI of 20.56 indicating oversold conditions.

Portfolio Pulse from Henry Khederian

August 14, 2024 | 1:21 pm

MYSZ

My Size (NASDAQ:MYSZ) reported Q2 earnings per share (EPS) of $(1.28), beating the analyst estimate of $(2.43) by 47.33%. However, sales of $1.98 million missed the $2.00 million estimate by 1.05%. Despite the sales miss, both EPS and sales showed significant improvement compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:20 pm