Qualcomm Considers Acquiring Intel's PC Design Business

Image source: Wikimedia Commons

Qualcomm Considers Acquiring Intel's PC Design Business. 💼 The company is exploring the acquisition of parts of Intel's design business, particularly its PC client segment, to enhance its product lineup. While no formal approach has been made, Intel is evaluating ways to streamline operations after recent financial struggles. Qualcomm’s interest remains tentative and subject to change. Reuters reports.

🚚 HyTruck: Ford truck, hybrid models lead to 13% increase in August sales. CNBC reports.

🎉 Mil-AI-stone: OpenAI hits 1 million paid users for business versions of ChatGPT. Yahoo Finance reports.

🌍 TeslaPilot: Tesla says it will launch Full Self Driving product in Europe and China early next year. CNBC reports.

🔗 MergeNet: Verizon to buy Frontier in $20 billion deal to boost fiber network. Reuters reports.

🧬 LillyPro: Eli Lilly signs research deal with AI-focused Genetic Leap. Yahoo Finance reports.

💸 SkyHigh: JetBlue revenue forecast gets lift from strong demand, outage-linked bookings. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $WHLR: Wheeler Real Estate IT
Total gain: +140.57%

2. $BENF: Beneficient
Total gain: +61.33%

3. $BLMZ: BloomZ
Total gain: +47.27%

4. $FFIE: Faraday Future
Total gain: +25.71%

5. $BDRX: Biodexa Pharmaceuticals
Total gain: +23.43%

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The closing price of the top three market percent gainers trading near or above $3 on September 5.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $WHLR: Wheeler Real Estate Investment Trust
Total gain: +310.75%
Cedar Realty Trust and Wheeler Real Estate Investment Trust jointly announced that, on September 4, 2024, the United States Court of Appeals for the Fourth Circuit upheld the 2023 Order of the United States District Court for the District of Maryland, which dismissed a putative class action complaint titled Kim, et al. v. Cedar Realty Trust, Inc., et al.. The complaint, filed by purported holders of Cedar's preferred stock, was brought against Cedar, Wheeler, and Cedar's former board of directors. Wheeler had acquired all of Cedar's outstanding common stock in August 2022. Benzinga reports.

2. $APLD: Applied Digital
Total gain: +63.60%
The company announced that it has entered into definitive agreements for a $160 million private placement financing, priced at market value, from a group of institutional and accredited investors, including NVIDIA and Related Companies. Benzinga reports.

3. $RYDE: Ryde Group
Total gain: +33.30%
The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

BRC: Brady
4Q 2024
Before Market Close
Estimate: 1.110
Actual: N/A

DOOO: BRP
2Q 2025
Before Market Close
Estimate: 0.330
Actual: N/A

ABM: ABM Indus
3Q 2024
Before Market Close
Estimate: 0.860
Actual: N/A

Time (ET) / Report / Period

8:30 am - US employment report - August
8:30 am - US unemployment rate - August
8:30 am - US hourly wages - August

“An investment in knowledge pays the best interest.”

― Benjamin FranklinSourced in:
“Poor Richard's Almanack”, by Benjamin Franklin (annual publication)