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DELL

HPE

NVDA

Hewlett Packard Enterprise (HPE) reported fiscal Q2 results with a 3% revenue growth to $7.2 billion, surpassing estimates, but earnings fell 19%. AI chip availability from Nvidia (NVDA) boosted HPE's server business. Dell Technologies (DELL) also saw significant AI system sales growth but faced margin challenges. HPE raised its full-year revenue and earnings guidance.

Portfolio Pulse from Upwallstreet

June 06, 2024 | 12:21 pm

GOOGL

HOOD

LYFT

WMT

The Nasdaq 100 closed higher by around 2% on Wednesday. Notable insider sales were reported for Lyft, Walmart, Alphabet, and Robinhood Markets. Insider sales can indicate concerns about company prospects or overvaluation. Lyft's President sold 6,500 shares, Walmart's EVP sold 25,578 shares, Alphabet's CEO sold 22,500 shares, and Robinhood's CFO sold 5,000 shares.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 12:21 pm

CTLT

HROW

Melt Pharmaceuticals has dosed the first patient in its Phase 3 trial for MELT-300, a non-IV, non-opioid sedation tablet for cataract surgery. The trial involves 528 patients and uses Catalent's Zydis® technology. Results are expected in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:19 pm

CGC

Canopy Growth has established a $250 million at-the-market equity program, allowing the company to issue and sell up to $250 million of common shares.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:18 pm

MSGM

MotorSport Games Inc. (NASDAQ: MSGM) shares surged over 20% in pre-market trading after the company announced it had regained compliance with NASDAQ listing requirements. The company has implemented a restructuring plan that reduced annual costs by $6.7 million and is focusing on revenue-driving initiatives such as the launch of 'Le Mans Ultimate' and a partnership for 'F1® Arcade' with Kindred Concepts.

Portfolio Pulse from Benzinga Neuro

June 06, 2024 | 12:18 pm

SPY

VGK

The European Central Bank (ECB) has raised its inflation forecasts for 2024 and 2025, indicating a more prolonged period of higher inflation in the Eurozone.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:18 pm

THCH

TH International shares are trading higher after the company reported a year-over-year increase in Q1 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:18 pm

SSYS

Stratasys has announced updates to its industrial and healthcare products, including an open platform for the F900 3D printer, enhanced on-demand 3D printing capabilities, and a new high-performance material for its Fused Deposition Modeling line.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:17 pm

GNS

Genius Group has announced compliance with NYSE guidelines on audit opinion, an updated investor presentation, and a 2024 revenue guidance of over $100 million with 50% YoY growth. Key highlights include $70 million pro forma revenue for 2023, 150% pro forma revenue growth, and ambitious plans for future growth.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:17 pm

AEMD

LULU

SMAR

VRAX

Smartsheet Inc. (NYSE:SMAR) shares surged 13.1% in pre-market trading after reporting better-than-expected Q1 earnings and announcing a $150 million share repurchase program. Other notable pre-market movers include Virax Biolabs Group Limited (NASDAQ:VRAX), Aethlon Medical, Inc. (NASDAQ:AEMD), and Lululemon Athletica Inc. (NASDAQ:LULU).

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 12:16 pm