Latest news for Enphys Acquisition (OTC:NFSCF) Stock

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ENPHYS ACQ CORP A by Enphys Acquisition Corp.

Enphys Acquisition Corp

RBC Capital analyst Michael Harvey reiterates Veren (TSX:<a class="ticker" href="https://www.benzinga.com/stock/VRN#TSX">VRN</a>) with a Outperform and maintains C$13 price target.

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TSX:VRN

RBC Capital Reiterates Outperform on Veren, Maintains C$13 Price Target

Premier Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFC#NASDAQ">PFC</a>) reported quarterly earnings of $0.45 per share which missed the analyst consensus estimate of $0.51 by 11.76 percent. This is a 33.82 percent decrease over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $49.23 million which missed the analyst consensus estimate of $56.63 million by 13.08 percent. This is a 8.83 percent decrease over sales of $53.99 million the same period last year.

Earnings

Premier Financial Q2 EPS $0.45 Misses $0.51 Estimate, Sales $49.23M Miss $56.63M Estimate

CREV: 136% &#x7C; <a href="https://www.benzinga.com//node/39976837">Reported Earlier, Carbon Revolution Teams Up With GM Providing Carbon Fiber Wheels For Chevrolet Corvette ZR1</a>
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WINT: 131% &#x7C; <a href="https://www.benzinga.com//node/39979111">Windtree Therapeutics On Thursday Filed Form RW To Withdraw Registration Statement On Form S-1</a>
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COUR: 25% &#x7C; <a href="https://www.benzinga.com//node/39982456">Coursera shares are trading higher after the company beat Q2 earnings estimates.</a>

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Trading Ideas

COUR

CREV

WINT

Market-Moving News for July 26th

Wells Fargo analyst Finian O'Shea maintains Barings BDC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBDC#NYSE">BBDC</a>) with a Equal-Weight and raises the price target from $9 to $9.5.

BBDC

Wells Fargo Maintains Equal-Weight on Barings BDC, Raises Price Target to $9.5

WIIM

Norfolk Southern shares are trading higher after the company reported better-than-expected Q2 earnings results.

Boston Beer Company shares are trading lower after the company reported worse-than-expected Q2 financial results.

RBC Capital analyst Sabahat Khan maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Outperform and raises the price target from $195 to $199.

TSX:WCN

RBC Capital Maintains Outperform on Waste Connections, Raises Price Target to $199

BurgerFi shares are trading higher after the company announced it reached a legal settlement agreement with Lion Point Capital. The company agreed to pay $1,350,000 and issue Lion Point 300,000 of preferred stock.

Wells Fargo analyst Finian O'Shea maintains Bain Capital Specialty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCSF#NYSE">BCSF</a>) with a Overweight and raises the price target from $17 to $18.

BCSF

Wells Fargo Maintains Overweight on Bain Capital Specialty, Raises Price Target to $18

CLLS

Cellectis shares are trading higher after the company announced the FDA granted orphan drug and rare pediatric designation disease to UCART22.

Mohawk Industries shares are trading higher following mixed Q2 earnings. B of A Securities upgraded the stock from Underperform to Buy.

Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is making significant strides in artificial intelligence with its homegrown AI chips.
In its Austin, Texas, chip lab, Amazon engineers are rigorously testing a new server design that features these AI chips, aiming to reduce reliance on Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) costly chips, Reuters reports.
Amazon&#8217;s efforts align with similar initiatives by rivals Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Google parent Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39463584/nvidia-dominates-gpu-market-as-generative-ai-adoption-grows-analyst-says" rel="noreferrer noopener">Nvidia Dominates GPU Market as Generative AI Adoption Grows, Analyst Says</a>
Rami&nbsp;Sinno, director of engineering for Amazon&#8217;s Annapurna Labs, highlighted the growing customer demand for more affordable alternatives to Nvidia. Annapurna Labs, acquired by Amazon in 2015, is integral to this development.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26042326/newplot-66.png" alt="" class="wp-image-458719" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26042326/newplot-66.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26042326/newplot-66-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Amazon has been developing its Graviton chips, which perform non-AI computing tasks, for nearly a decade. The latest AI chips, Trainium and Inferentia, offer significant cost savings.
&#8220;The offering of up to 40%, 50% in some cases of improved price and performance means it should be half as expensive as running that same model with Nvidia,&#8221; said David Brown, Vice President of Compute and Networking at AWS, according to Reuters.
Sales at AWS, which accounts for almost 20% of Amazon&#8217;s total revenue, grew by 17% to $25 billion in the January-March quarter compared to the previous year. AWS holds approximately one-third of the cloud computing market, with Microsoft&#8217;s Azure at about 25%.
Analysts view Nvidia as the <a target="_blank" href="https://www.benzinga.com/news/24/07/39842530/whats-going-on-with-nvidia-and-amd-stocks-on-thursday" rel="noreferrer noopener">primary beneficiary in</a> the AI sector. Mizuho Securities reports that Nvidia controls 70% to 95% of the market share for artificial intelligence accelerators.
The Big Tech trio—Google, Microsoft, and Amazon—along with Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>)—contribute more than 40% of Nvidia&#8217;s revenue.
Amazon stock gained over 40% in the last 12 months, reaching a market cap of $1.87 trillion. Nvidia stock surged over 147% in the last 12 months and currently has a market cap of $2.76 trillion. Investors can gain exposure to the stocks through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: AMZN shares traded higher by 1.47% at $182.50 premarket at the last check on Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Sundry Photography via Shutterstock

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ORCL

Amazon Tests AI Chips in Texas Lab, Aims to Cut Nvidia Costs

Coursera shares are trading higher after the company beat Q2 earnings estimates.

Wells Fargo analyst Elyse Greenspan maintains RenaissanceRe Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>) with a Overweight and lowers the price target from $288 to $280.

Wells Fargo Maintains Overweight on RenaissanceRe Holdings, Lowers Price Target to $280

RBC Capital analyst Matthew McKellar maintains West Fraser Timber (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) with a Outperform and raises the price target from $97 to $100.

TSX:WFG

RBC Capital Maintains Outperform on West Fraser Timber, Raises Price Target to $100

Keefe, Bruyette &amp; Woods analyst Timothy Switzer reiterates Live Oak Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOB#NYSE">LOB</a>) with a Market Perform and raises the price target from $40 to $47.

Keefe, Bruyette & Woods Reiterates Market Perform on Live Oak Bancshares, Raises Price Target to $47

Norwood Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWFL#NASDAQ">NWFL</a>) reported quarterly earnings of $0.52 per share. This is a 35.8 percent decrease over earnings of $0.81 per share from the same period last year.

NWFL

Norwood Financial Q2 EPS $0.52 Down From $0.81 YoY

CASY

Casey's General Stores To Acquire Fikes Wholesale For $1.145B, Expanding Presence In Texas And Southern Markets; Net After-Tax Purchase Price Is $980M

Keefe, Bruyette &amp; Woods analyst Aidan Hall reiterates Lazard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAZ#NYSE">LAZ</a>) with a Outperform and raises the price target from $49 to $56.

Keefe, Bruyette & Woods Reiterates Outperform on Lazard, Raises Price Target to $56

Wells Fargo analyst Elyse Greenspan maintains Globe Life (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>) with a Overweight and raises the price target from $105 to $108.

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Latest news for Enphys Acquisition (OTC:NFSCF) Stock