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NVDA

TSLA

Tesla Inc. (NASDAQ:TSLA) plans to expand its Giga Texas facility to include a new data center with over 500MW capacity in the next 18 months. This center will house Tesla's AI hardware and Nvidia's GPUs. Tesla will spend $3-4 billion on Nvidia hardware and the rest of its $10 billion AI budget internally.

Portfolio Pulse from Anan Ashraf

June 21, 2024 | 12:20 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are gaining in the premarket session after a significant 31.5% dip the previous day. The company announced a 1-for-30 reverse stock split effective June 24, aiming to increase its stock price and prevent delisting. However, challenges persist, including a multi-billion dollar lawsuit from founder Trevor Milton and removal from the Russell 3000 Index. Nikola's Q1 results showed a decline in sales and production compared to the previous year.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2024 | 12:19 pm

RECT

Rectitude Holdings has announced the pricing of its initial public offering (IPO) at $4.00 per share, with a total of 2 million shares being offered, raising $8 million.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:13 pm

LLY

NVO

ZLDPF

Zealand Pharma announced positive Phase 1b trial results for its weight management drug, petrelintide, showing significant weight loss and good tolerability. This news comes as the weight-loss drug market, dominated by Novo Nordisk's Ozempic and WeGovy, is projected to grow significantly.

Portfolio Pulse from Benzinga Neuro

June 21, 2024 | 12:12 pm

NVDA

Nvidia Corp. (NASDAQ:NVDA) is expected to see a nearly 30% pullback ahead of its late-August earnings, according to Michael Kramer of Mott Capital Management. Despite its high valuation and recent gains, technical charts suggest a significant downside. Nvidia's shares have been a major driver of the current market rally, and a drop could impact broader market sentiment.

Portfolio Pulse from Shanthi Rexaline

June 21, 2024 | 12:10 pm

DLA

KAVL

LOBO

MGOL

PRPL

PRTS

RERE

RRGB

VLCN

WOOF

YYAI

ZAPP

The article highlights the pre-market movements of 12 consumer discretionary stocks on Friday. Delta Apparel, Connexa Sports Techs, Red Robin Gourmet Burgers, Purple Innovation, ATRenew, and CarParts.com saw gains, while Kaival Brands Innovations, MGO Global, Petco Health and Wellness, Volcon, Lobo EV Technologies, and Zapp Electric Vehicles experienced declines.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 12:08 pm

CASI

DMTK

KTRA

PBM

SONN

SRPT

The article highlights the pre-market movements of 12 health care stocks on Friday. Notable gainers include DermTech (DMTK), Sarepta Therapeutics (SRPT), and Kintara Therapeutics (KTRA), while significant losers include Psyence Biomedical (PBM), CASI Pharmaceuticals (CASI), and Sonnet BioTherapeutics (SONN).

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 12:08 pm

CTRM

ESGL

IPDN

SPPL

ZCAR

The article highlights the pre-market movements of 12 industrial stocks on Friday. Zoomcar Holdings (ZCAR) saw the highest gain with a 32.8% increase, while Professional Diversity (IPDN) experienced the largest decline, dropping by 18.4%. Other notable gainers include Simpple (SPPL) and Quhuo (QH), while ESGL Holdings (ESGL) and Castor Maritime (CTRM) were among the losers.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 12:07 pm

ASTI

MOVE

PERF

SMX

SPEC

SQNS

The article highlights the pre-market movements of 12 information technology stocks on Friday. Notable gainers include Spectaire Holdings (SPEC), Ascent Solar Technologies (ASTI), and Sequans Communications (SQNS). Significant losers include Perfect (PERF), SMX (Security Matters) (SMX), and Movano (MOVE).

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 12:07 pm

CRKN

Crown Electrokinetics (CRKN) has announced a 1-for-150 reverse stock split. This move is aimed at increasing the company's stock price and maintaining its listing on the NASDAQ. The reverse split will reduce the number of outstanding shares, potentially making the stock more attractive to institutional investors.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:03 pm