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KARS

NIO

PGJ

NIO Inc. shares are trading higher in the premarket session, driven by the company's expansion of battery swap stations in China. NIO added 40 new stations in August, with 35 being the latest fourth-generation models. The company aims to expand its network to cover over 2,300 counties by the end of 2025. Investors can gain exposure to NIO through ETFs like KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) and Invesco Golden Dragon China ETF (PGJ).

Portfolio Pulse from Nabaparna Bhattacharya

September 04, 2024 | 10:32 am

WDH

Waterdrop has announced a plan to repurchase its own ordinary shares in the form of ADSs, with a total value of up to $50 million, over a 12-month period ending on September 9, 2025.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:28 am

WDH

Waterdrop (NYSE:WDH) reported Q2 2024 earnings per share of $0.04, surpassing the analyst estimate of $0.03. However, its sales of $93.04 million fell short of the expected $102.59 million, marking a slight decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:25 am

SOPH

SOPHiA GENETICS has launched a new generation of its SOPHiA DDMTM platform, which is expected to enhance data-driven medicine capabilities. This development could potentially impact the company's market position and attract investor interest.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:09 am

DGHI

Digihost reported a 50% increase in its cash and crypto holdings, totaling $10.4 million as of August 31, 2024. This includes cash, Bitcoin, and cash deposits.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:06 am

HRL

Hormel Foods reported Q3 2024 earnings per share of $0.37, slightly beating the estimate of $0.36, but sales of $2.898 billion missed the $2.95 billion estimate. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:05 am

AVGO

INTC

Intel's manufacturing business faces a setback as Broadcom's tests of Intel's new manufacturing process did not meet expectations. This could impact Intel's efforts to regain its leadership in semiconductor manufacturing.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:01 am

EWU

The U.K. Services Purchasing Managers Index (PMI) for August was reported at 53.7, surpassing the estimated 53.3 and the previous month's 52.5. This indicates a stronger-than-expected expansion in the U.K. services sector.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 9:34 am

ATHM

Autohome's Board of Directors has approved a new share repurchase program to buy up to $200 million worth of shares over the next 12 months, starting September 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 9:32 am

NVDA

Nvidia is investing $137 million in Tokyo-based startup Sakana AI, becoming a major shareholder. This investment is part of Sakana AI's Series A funding round, which raised approximately 20 billion yen. Nvidia's involvement includes collaboration in AI research and development in Japan. Despite recent stock declines, Nvidia continues to focus on AI advancements.

Portfolio Pulse from Benzinga Neuro

September 04, 2024 | 8:41 am