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ARM

NVDA

SSNLF

Samsung Electronics Co (OTC:SSNLF) and Arm Holdings Plc (NASDAQ:ARM) have announced a collaboration to develop the next-generation Arm Cortex-X CPU using Samsung's Gate-All-Around process technology. This partnership aims to drive innovations in the semiconductor industry, focusing on a 2-nanometer AI chipset for mobile computing and data centers. Meanwhile, Nvidia Corp (NASDAQ:NVDA) increased its stake in Arm Holdings, which has seen its shares surge by 119% over the past quarter following its IPO.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 6:08 pm

AXSM

Axsome Therapeutics Inc (NASDAQ:AXSM) reported a Q4 2023 net loss of $(2.08) per share, missing consensus estimates and deeper than the previous year's $(1.41) per share. Despite this, Q4 revenues rose to $71.53 million from $24.37 million a year ago, beating consensus estimates of $67.69 million. The revenue increase was driven by sales of its oral antidepressant Auvelity and sleep disorder drug Sunosi, with significant year-over-year growth. The company also updated its pipeline milestones, including delays in new drug application submissions and clinical trial initiations.

Portfolio Pulse from Vandana Singh

February 20, 2024 | 6:05 pm

SWTX

SpringWorks Therapeutics shares are trading lower after experiencing a surge on Friday due to takeover rumors.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:04 pm

BFRI

Biofrontera announced a private placement of up to $16 million, priced at the market per Nasdaq rules, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:04 pm

BRK/B

JPM

SLB

TM

The CNBC Halftime Report featured final trade recommendations including JPMorgan Chase (JPM), Toyota (TM), Berkshire Hathaway B (BRK/B), and SLB. These picks are highlighted as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:02 pm

ADI

INDI

NVDA

Semiconductor companies Nvidia, Analog Devices, and indie Semiconductor are set to report earnings this week amidst a robust demand for AI infrastructure. Analyst John Vinh of KeyBanc Capital Markets expects Nvidia to outperform with strong earnings, driven by demand for H100 GPUs, while Analog Devices and indie Semiconductor are anticipated to report in-line results with slight adjustments due to market conditions. Shares of all three companies saw movements ahead of the earnings release.

Portfolio Pulse from Priya Nigam

February 20, 2024 | 6:02 pm

ANSS

Ansys (NASDAQ:ANSS) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts estimating an EPS of $3.71. Historical data shows mixed reactions to past earnings, with the last quarter beating estimates but resulting in a 2.12% share price drop. Shares are currently trading at $329.85, up 23.77% over the last year. Investors are advised to watch for the company's guidance for future growth, which could significantly impact the stock price.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 6:02 pm

BFRI

Biofrontera Inc. (NASDAQ:BFRI) shares surged after announcing a $16 million financing deal with healthcare-focused institutional investors led by Rosalind Advisors. The deal includes $8 million in Series B-1 Convertible Preferred Stock and warrants for Series B-3 Convertible Preferred Stock. Additionally, Biofrontera restructured agreements with its former parent company, Biofrontera AG, reducing the transfer price of Ameluz from 50% to 25% for 2024 and 2025. The stock's trading volume spiked, with over 24.2 million shares traded, significantly above its 100-day average.

Portfolio Pulse from Erica Kollmann

February 20, 2024 | 6:02 pm

AVA

Avista (NYSE:AVA) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $1.14. The company's past performance shows a mix of earnings beats and misses, with the stock price reacting accordingly. Shares have significantly appreciated over the last year, trading at $33.57 as of February 19, marking a 326.39% increase over the 52-week period. Investors are keenly awaiting not just the earnings results but also the company's future guidance.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 6:02 pm

AWR

American States Water (NYSE:AWR) is scheduled to release its quarterly earnings report on February 21, 2024, with an estimated EPS of $0.53. Investors are looking for an earnings beat and positive guidance for the next quarter. The company's past earnings performance shows a mix of misses and beats, with corresponding stock price changes. Shares are currently trading at $76.37, down 18.36% over the last 52 weeks, indicating potential concern among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 6:01 pm