Trending Market Signals Inside: Novavax, Riot + More
Here is your latest instalment of Cashu’s ‘In A Nutshell’ market signals series.
Twice a week, we bring you the biggest and most crucial stock signals we've picked up in the Cashu App (Apple, Android), ensuring you're always in the know and ahead of the market..
⚡Stock Alerts For You
🟢 Novavax Inc (NVAX) | +15.15% since alert
💰 New Undervalued Signal
Based on our analysis, Novavax Inc is rated as undervalued by Cashu, achieving a 5 out of 5 stars rating. This assessment is rooted in several key financial metrics where Novavax outperforms its sector averages, indicating potential underestimation by the market. Read full analysis in the Cashu App (Apple, Android).
📙What does NVAX do?
Novavax, Inc., headquartered in Gaithersburg, Maryland, specializes in developing recombinant vaccines, including the globally authorized COVID-19 vaccine NVX-CoV2373. The company also works on influenza, COVID-19-Influenza combination vaccines, and is exploring vaccines for RSV and malaria.
🟢Alpha & Omega Semiconductor Ltd (AOSL) | +7.91% since alert
📰In The News Signal
AOSL has been in the news recently: The latest significant news for Alpha & Omega Semiconductor Ltd (AOSL) involves the company becoming a new supplier for NVIDIA's GB200 AI servers. This development comes as a result of NVIDIA's recent changes in its supplier certification process. AOSL, which already supplies MOSFETs and power ICs for NVIDIA's HGX/DGX H100 systems, is expected to start shipping components for the GB200 by the end of 2024. This positions AOSL to gain a significant market share in high-ASP GB200 orders from competitors like Renesas and MPS
📙What does AOSL do?
Alpha & Omega Semiconductor Ltd., based in Sunnyvale, California with 2,468 employees, specializes in power semiconductor packaging, testing, and wafer fabrication, focusing on a wide range of applications like PCs, smartphones, and industrial controls. Established in 2010, the company offers a diverse product line of over 2,600 power discrete and IC semiconductors, operating mainly in the USA, Hong Kong, China, and South Korea.
🟢Riot Platforms Inc (RIOT) | +7.69% since alert
📰In The News Signal
RIOT has been in the news recently: Riot Platforms Inc (RIOT) recently announced significant updates for June 2024. The company reached a deployed hash rate of 22.0 EH/s, exceeding its Q2 2024 target. This achievement was driven by adding 7.3 EH/s to their Corsicana Facility and utilizing additional capacity at their Rockdale Facility. Riot produced 255 Bitcoin in June 2024, highlighting its strong operational performance.
Additionally, Riot's power strategy allowed them to earn $6.2 million in power credits, reducing their net cost of power significantly, positioning them as one of the lowest-cost producers in the industry. The company is also developing its Corsicana Facility, expected to reach a total mining capacity of 1,000 MW upon completion
📙What does RIOT do?
Riot Platforms, Inc., a bitcoin mining company founded in 2003 and based in Castle Rock, Colorado, specializes in cryptocurrency mining with a focus on enhancing the bitcoin blockchain. The company operates three segments: Bitcoin Mining, Data Center Hosting, and Engineering, employing 489 people and managing over 88,556 miners at a capacity of 9.7 EH/s.
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