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GTLB

GitLab shares are trading lower following Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:11 pm

TMDX

TransMedics Group Inc (NASDAQ:TMDX) shares are climbing following positive clinical trial data for its Organ Care Systems and a bullish analyst rating from Stephens. Analyst George Sellers initiated coverage with an Overweight rating and a price target of $151, citing significant market expansion opportunities in heart, lung, liver, and potentially kidney transplants.

Portfolio Pulse from Priya Nigam

June 04, 2024 | 3:10 pm

CLOU

LRNZ

NVDA

SNOW

Snowflake Inc. (NYSE:SNOW) has announced a new collaboration with NVIDIA Corporation (NASDAQ:NVDA) to integrate NVIDIA AI Enterprise software into Snowflake Cortex AI. This partnership aims to enable customers to build customized AI data applications. Snowflake Arctic now supports NVIDIA TensorRT-LLM software for optimized performance. Snowflake stock has lost over 24% in the last 12 months, but shares are trading slightly higher following the news. Investors can also gain exposure to Snowflake through the TrueShares Technology, AI & Deep Learning ETF (NYSE:LRNZ) and the Global X Cloud Computing ETF (NASDAQ:CLOU).

Portfolio Pulse from Lekha Gupta

June 04, 2024 | 3:09 pm

CSCO

NVDA

VAST Data has been selected as the first data platform for Cisco Nexus HyperFabric in collaboration with NVIDIA. This partnership aims to provide enterprises with high-performance AI infrastructure and an Ethernet-based AI fabric to manage large volumes of data. The VAST Data Platform will integrate with Cisco's cloud-management solution for data center networking, allowing for optimized performance and latency monitoring.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:09 pm

NVDA

TSLA

Elon Musk announced that Tesla had no place to use Nvidia chips, which would have otherwise sat in a warehouse. However, the south extension of Giga Texas is almost complete and will house 50,000 H100s for FSD training.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:06 pm

IMXUSD

Immutable's (CRYPTO: IMX) price has increased by 4.17% over the past 24 hours to $2.28, despite a 2.0% loss over the past week. The trading volume has fallen by 4.0% over the past week, while the circulating supply has increased by 0.14%. The current market cap ranking for IMX is #35 at $3.38 billion.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:03 pm

RNDRUSD

Render's (CRYPTO: RNDR) price has increased by 3.48% in the past 24 hours, continuing a positive trend over the past week. Despite a decrease in trading volume by 11.0%, the circulating supply has risen by 0.5%. The current market cap is $3.99 billion, ranking RNDR at #31.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:03 pm

LI

NIO

TSLA

ZK

Li Auto Inc. (NASDAQ:LI) shares are trading lower due to substantial modifications in its sales and delivery processes amid team restructuring. The company has merged its retail and delivery departments to form a unified sales team, aiming to address tensions and improve sales growth. This reorganization aligns performance goals between the teams, potentially fostering better sales outcomes.

Portfolio Pulse from Nabaparna Bhattacharya

June 04, 2024 | 3:02 pm

PBYI

Puma Biotechnology (NASDAQ:PBYI) has received mixed ratings from analysts over the past three months, with a consistent 'Buy' rating and a stable price target of $7.00. Despite a decline in revenue growth, the company maintains strong net margins and efficient asset management.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:01 pm

TCRX

Analysts' ratings for TScan Therapeutics (NASDAQ:TCRX) vary from bullish to bearish, with a majority being bullish. The average 12-month price target is $12.43, reflecting a slight increase. Despite a significant decline in revenue, the company shows strong financial health in other metrics.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:01 pm