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Stock Prices

BBIO

BridgeBio Pharma's stock is trading lower following the announcement of a $250 million proposed public offering. Additionally, Mizuho has maintained a Buy rating on BBIO but reduced the price target from $60 to $53.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 3:12 pm

AMD

AOTG

NVDA

SOXQ

AMD stock is trading lower due to difficulties in selling its AI chip in China, following U.S. export restrictions. The U.S. deemed AMD's compliant chip too advanced, requiring a special license for distribution. This comes amid broader U.S. efforts to limit China's access to advanced semiconductors, with China moving towards the RISC-V architecture to reduce reliance on Western technologies like AMD's x86. AMD is recognized as a key player in AI technology, second to Nvidia. Investors can gain exposure to AMD through AOT Growth And Innovation ETF (AOTG) and Invesco PHLX Semiconductor ETF (SOXQ).

Portfolio Pulse from Anusuya Lahiri

March 05, 2024 | 3:11 pm

NXU

TSLA

Nxu, Inc. (NASDAQ:NXU) announced it has successfully used its NxuOne Charging System to charge a Tesla Cybertruck, achieving a 327kW charging rate, surpassing the highest known rate at a Tesla Supercharger. This marks the first time a Tesla Cybertruck has been charged at a non-Tesla DC fast charging station using the North American Charging Standard (NACS). Nxu plans to further test its charging system on other vehicles with 800V architecture. However, Nxu's stock price dropped by 7.74% to $0.8089.

Portfolio Pulse from Nabaparna Bhattacharya

March 05, 2024 | 3:10 pm

AAPL

Apple shares are trading lower due to a decrease in iPhone sales in China.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 3:10 pm

ENCP

Energem shares were halted due to a circuit breaker being triggered by a downside movement, but the stock has since recovered, now showing an increase of 30.9%.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 3:09 pm

TSLA

Tesla's Berlin car factory production halt is expected to extend until next week due to a suspected arson attack that severed both power lines to the facility, according to Plant Manager Andre Thierig.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 3:08 pm

COIN

Coinbase shares are trading higher as Bitcoin approaches new highs, indicating a positive correlation between the performance of Coinbase and the cryptocurrency market.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 3:08 pm

VIAV

Viavi Solutions' stock is trading higher following the announcement of its agreement to acquire Spirent Communications, indicating a positive market reaction to the acquisition news.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 3:06 pm

ENCP

Energem shares resumed trading after a circuit breaker halt and are now up by 46%. The halt was likely due to the rapid increase in stock price, which is a common measure to prevent excessive volatility and provide a cooling-off period for investors to assess information.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 3:06 pm

LMT

WWD

Woodward (NASDAQ:WWD) announced a dividend payout of $0.25 per share with an annualized yield of 0.74%, maintaining its commitment to investors despite decreased profits. The company's dividend per share has seen an average increase from $0.52 in 2020 to $0.88 in 2023, indicating a focus on returning capital to shareholders. However, Woodward's earnings per share decreased from $3.94 in 2020 to $3.71 in 2023, raising concerns about future dividend sustainability. Lockheed Martin (NYSE:LMT) is mentioned as having the highest annualized dividend yield among Woodward's peers at 2.92%.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 3:05 pm