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ZIM

Several major stocks, including Five Below, Sprinklr, Masimo, Dorian LPG, Nikola, ZIM Integrated Shipping Services, Summit Therapeutics, and Applied Digital, experienced significant declines in pre-market trading. Five Below posted weak Q1 results and lowered its FY guidance, leading to a sharp drop in its stock price.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 9:40 am

GILD

Gilead Sciences' Phase 2B MYR204 study showed promising results for Bulevirtide combined with Pegylated Interferon Alfa-2A in treating compensated chronic Hepatitis Delta Virus. 46% of patients achieved undetectable HDV RNA at week 24 post-treatment.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 9:23 am

EWU

The S&P Global / CIPS U.K. Construction Purchasing Managers Index (PMI) for May came in at 54.7, surpassing the estimated 52.5 and the previous month's 53.0. This indicates a stronger-than-expected performance in the U.K. construction sector.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 9:16 am

SGMT

Sagimet Biosciences presented promising data from its FASCINATE-2 Phase 2B trial of Denifanstat at the European Association for the Study of the Liver Congress. The drug achieved statistically significant results in improving liver fibrosis and was generally well tolerated.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 9:08 am

QSG

QuantaSing reported a 40.3% increase in total registered users, reaching approximately 121.0 million in Q3.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 9:06 am

QSG

QuantaSing Group (NASDAQ:QSG) reported Q3 earnings of $0.03 per share, missing the analyst estimate of $0.05 by 40%. However, the company reported sales of $130.96 million, beating the estimate of $128.51 million by 1.91%.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 9:04 am

AMZN

GOOGL

TSLA

Amazon's self-driving unit Zoox will begin testing in Austin, Texas, and Miami, marking its fourth and fifth public testing locations. Competitors include Alphabet's Waymo and Tesla, with GM's Cruise resuming manual driving in Phoenix and Dallas. The NHTSA is investigating Zoox vehicles for sudden braking issues.

Portfolio Pulse from Anan Ashraf

June 06, 2024 | 9:01 am

NVDA

Nvidia Corp. (NASDAQ: NVDA) briefly surpassed a $3 trillion market cap, sparking debate about its true value. NYU Professor Aswath Damodaran believes Nvidia is overvalued but acknowledges its potential to reach $3 trillion. Nvidia's stock has surged over 54% since mid-2023, and the company will undergo a 10-for-1 stock split on Friday.

Portfolio Pulse from Shanthi Rexaline

June 06, 2024 | 8:23 am

AAPL

NVDA

Dan Niles predicts significant growth for Nvidia, potentially outshining Apple. He highlights Nvidia's strong AI growth and Apple's lag in innovation. Nvidia's market cap has surpassed Apple's, reaching $3 trillion. Nvidia shares rose by 5.16%, while Apple shares saw a modest increase of 0.78%.

Portfolio Pulse from Benzinga Neuro

June 06, 2024 | 8:08 am

ETHUSD

SHIBUSD

Shiba Inu's lead developer, Shytoshi Kusama, hinted at massive plans for the ecosystem in response to Ethereum creator Vitalik Buterin's skepticism of celebrity memecoins. Kusama emphasized that Shiba Inu aims to achieve long-term goals and hinted at potential partnerships and investments. The ecosystem's decentralized exchange, ShibaSwap, was recently launched on its layer-2 network, Shibarium.

Portfolio Pulse from Aniket Verma

June 06, 2024 | 7:17 am