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Stock Prices

GOTU

Gaotu Techedu shares are trading lower following Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:25 pm

ODD

ODDITY Tech shares are trading lower following a short seller report.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:25 pm

BABA

BIDU

JD

MSFT

ONLN

PGJ

TCEHY

Alibaba has significantly reduced prices on its AI services, sparking a price war in China's AI sector. Competitors like Baidu and ByteDance have responded with their own aggressive pricing strategies. This move is part of a broader trend of heavy investment in AI by Chinese tech giants, including Tencent and JD.com. Alibaba's stock has seen a slight gain over the past year but is currently trading lower in premarket. The company has also canceled plans to spin off its cloud segment and is focusing on expanding its public cloud services.

Portfolio Pulse from Shivani Kumaresan

May 21, 2024 | 1:24 pm

NVDA

NVIDIA shares are trading lower following a report suggesting Amazon halted orders of the company's Superchip to await updated models.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:22 pm

AI

BB

DJT

GME

HIMS

NVDA

PANW

QQQ

TNDM

TSLA

The top 10 trending stocks on WallStreetBets as of May 21, 2024, include NVDA, AI, HIMS, TSLA, DJT, GME, PANW, TNDM, BB, and QQQ, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:19 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares surged after AiLO Logistics placed a 100-truck order for Nikola hydrogen fuel cell electric vehicles. This follows an initial order of 50 trucks, with deliveries starting in 2024. The new order is scheduled for delivery in 2025. Additionally, Nikola opened a new high-pressure modular refueling station in Southern California.

Portfolio Pulse from Nabaparna Bhattacharya

May 21, 2024 | 1:18 pm

AMZN

NVDA

Amazon has paused orders of Nvidia's 'superchip' as it awaits an updated model, according to the Financial Times.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:18 pm

GTBP

GT Biopharma has announced a $3.2 million registered direct offering priced at-the-market at $4.35 per share under Nasdaq rules.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:17 pm

LYRA

Lyra Therapeutics is laying off ~75% of its workforce and pausing manufacturing and commercialization efforts to extend its cash runway into 2026. The company will focus on its ENLIGHTEN Phase 3 trials for LYR-210 and has paused efforts for LYR-220.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:16 pm

IT

Gartner's (NYSE:IT) short interest has risen by 7.74%, with 1.11 million shares sold short, representing 1.67% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Gartner's short interest is still below the peer group average of 3.26%.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 1:15 pm