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FCUV

MDB

MRVL

OCFT

SGE

In Monday's pre-market session, several information technology stocks experienced significant movements. Focus Universal (FCUV) saw a 73.3% increase, while MongoDB (MDB) rose by 18.22% following its Q2 earnings release. Marvell Tech (MRVL) also gained 11.59% after its Q2 earnings. On the downside, Strong Global (SGE) decreased by 10.1%, and OneConnect Financial Tech (OCFT) fell by 8.53%.

Portfolio Pulse from Benzinga Insights

September 02, 2024 | 12:05 pm

AAPL

Huawei plans to launch a 'disruptive' product on September 10, coinciding with Apple's iPhone 16 event. Huawei's comeback in the Chinese market challenges Apple's position, as Huawei's smartphone shipments increased by 41% year-on-year.

Portfolio Pulse from Benzinga Neuro

September 02, 2024 | 11:56 am

DOGEUSD

SPACEX

Elon Musk is considering allowing Dogecoin payments for Starlink services in Brazil after the country's Supreme Court froze its bank accounts. The freeze is due to legal issues with X, a social media platform owned by Musk. Despite the freeze, Starlink will continue to provide free internet services in Brazil.

Portfolio Pulse from Anan Ashraf

September 02, 2024 | 11:25 am

INTC

NVDA

Intel CEO Pat Gelsinger plans to present a major asset sale and cost-cutting strategy to the board, including halting a $32 billion German project. The plan aims to address Intel's financial struggles, including weak earnings and declining market cap.

Portfolio Pulse from Benzinga Neuro

September 02, 2024 | 11:03 am

BLBD

Blue Bird Corp. (NASDAQ:BLBD) delivered its 2,000th electric school bus to Clark County School District, funded by a $9.875 million EPA grant. Blue Bird's electric buses now operate in 41 U.S. states and 4 Canadian provinces, with plans to expand production. The company's shares have risen 95% year-to-date.

Portfolio Pulse from Anan Ashraf

September 02, 2024 | 10:41 am

TSM

Former President Donald Trump's comments on Taiwan's role in the semiconductor industry led to a drop in Taiwan Semiconductor Manufacturing Co Ltd. (TSMC) shares. Taiwan's Economy Minister clarified that Taiwan complements rather than competes with the U.S. in chip manufacturing.

Portfolio Pulse from Benzinga Neuro

September 02, 2024 | 10:23 am

LLY

NVO

Eli Lilly is launching discounted versions of its drugs Mounjaro and Zepbound to combat imitation versions amid FDA shortage status debates. The company aims to end the regulatory designation allowing off-brand versions and has notified healthcare providers that shortages are over, though FDA confirmation is pending. Eli Lilly's move is part of a broader strategy to maintain market leadership in the weight-loss drug sector, facing competition from compounding pharmacies and rivals like Novo Nordisk.

Portfolio Pulse from Benzinga Neuro

September 02, 2024 | 7:43 am

ADAUSD

Cardano's 'Chang hard fork' upgrade has gone live, enhancing ADA's utility by enabling decentralized governance. Despite the upgrade, ADA's price remains down, trading 3.57% lower than the previous day.

Portfolio Pulse from Aniket Verma

September 02, 2024 | 7:31 am

BTCUSD

Vitaliy Katsenelson, CEO of Investment Management Associates, warns against former President Donald Trump's proposal for a Bitcoin strategic reserve, suggesting it could weaken the U.S. dollar's status. Katsenelson argues that promoting Bitcoin could undermine confidence in the dollar, especially as U.S. debt rises. Trump's proposal could legitimize Bitcoin as a reserve currency, potentially boosting its price but also exposing investors to risks if the government sells its holdings.

Portfolio Pulse from Benzinga Neuro

September 02, 2024 | 7:18 am

BA

NASA astronaut Butch Wilmore reported hearing strange sonar-like sounds from Boeing's Starliner spacecraft, which has been docked at the International Space Station for nearly three months. The source of the noise is unknown, and the Starliner is scheduled to return to Earth soon. Due to technical issues, NASA decided to bring the astronauts back using a SpaceX vehicle instead.

Portfolio Pulse from Ananya Gairola

September 02, 2024 | 5:07 am