Arvinas (NASDAQ:ARVN) Stock

ARVINAS INC

Arvinas

Arvinas Inc is a United States-based biopharmaceutical company focused on improving the lives of patients suffering from debilitating and life-threatening diseases through the discovery, development and commercialization of therapies that degrade disease-causing proteins.. The company's proprietary Proteolysis-Targeting Chimera (PROTAC), work by inducing the cell's own ubiquitin-proteasome system to target, degrade and remove disease-causing proteins. The group's product candidates are bavdegalutamide, ARV-471 and ARV-766.

Arvinas Inc

Collaboration to leverage AbbVie's expertise in biotherapeutic drug development and commercialization together with ADARx's proprietary RNA technology to advance next-generation siRNA therapies across neuroscience, immunology and oncology
NORTH CHICAGO, Ill. and SAN DIEGO, May 14, 2025 /PRNewswire/ --&nbsp;AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) and ADARx Pharmaceuticals, a late clinical-stage biotechnology company developing next-generation RNA therapeutics, today announced a collaboration and license option agreement to develop small interfering RNA (siRNA) therapeutics across multiple disease areas, including neuroscience, immunology and oncology.
siRNA represents a class of molecules capable of regulating gene expression and protein production. Unlike traditional modalities such as antibodies and small molecules, siRNA regulates the expression of genes. These molecules are designed to prevent the production of disease-causing proteins by targeting the messenger RNA (mRNA) that encodes for such proteins.
The strategic collaboration will leverage ADARx's RNA discovery expertise and proprietary siRNA technology, which has the potential to enable sustained and precise mRNA silencing. AbbVie will contribute its expertise in antibody engineering, antibody drug conjugates (ADCs) and tissue delivery approaches as appropriate, to augment ADARx's discovery efforts.

News

ABBV

AbbVie And ADARx Pharma Announce Collaboration And License Option Agreement To Develop siRNA Therapeutics Across Multiple Disease Areas, Including Neuroscience, Immunology And Oncology

Innovative Eyewear, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCY#NASDAQ">LUCY</a>) shares are trading higher in the <a target="_blank" href="https://www.benzinga.com/25/05/45401873/us-stock-futures-waver-after-a-mixed-close-sp-500-is-flashing-quite-rare-and-rather-bullish-signal-says-expert" rel="noreferrer noopener">premarket session on Wednesday</a>.
On Tuesday, the company reported earnings per share of 72 cents loss, <a href="https://www.benzinga.com/pressreleases/25/05/n45394089/innovative-eyewear-inc-reports-q1-2025-unaudited-financial-results" target="_blank" rel="noreferrer noopener">beating the Street estimate of 73 cents loss</a>. Quarterly sales of  $454.50 thousand (up 19% year over year) missed the analyst consensus estimate of one million dollars.
This increase was primarily attributable to growth in unit sales volume, driven by product launches during 2024 of the co-branded Nautica&nbsp;Powered by Lucyd&nbsp;and Eddie Bauer&nbsp;Powered by Lucyd&nbsp;collections and the Lucyd Armor safety smart glasses line.
The gross profit margin for the quarter was 49%, compared with 2% in the year-ago period, driven by lower cost of frames and lower prescription lens fulfillment cost.&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45402352/american-eagle-cisco-systems-and-3-stocks-to-watch-heading-into-wednesday" rel="noreferrer noopener">American Eagle, Cisco Systems And 3 Stocks To Watch Heading Into Wednesday</a>
&#8220;As we look ahead to the rest of 2025, we believe we are well positioned to build on our momentum and significantly grow total revenues and market share,&#8221; said Harrison Gross, CEO of Innovative Eyewear.
Gross highlighted the company&#8217;s potential in the newly launched Reebok product line, which expanded its portfolio to include smart glasses for active lifestyles and the continued significant traction of the Lucyd ArmorTM&nbsp;smart safety glasses.
&#8220;Both product lines address vast subsets of the eyewear market which were previously underserved by smart eyewear providers,&#8221; the CEO added.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, LUCY stock has lost over 50% in the past year.
Price Action: LUCY shares are trading higher by 53% to $3.030 premarket at last check on Wednesday.
Check This Out:
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45375319/jim-cramer-ok-harrow-recommends-buying-this-energy-stock" target="_blank" rel="noreferrer noopener">Jim Cramer Is &#8216;OK&#8217; With Harrow, Recommends Buying This Energy Stock</a></li>
</ul>
Image by Sutthiphong Chandaeng via Shutterstock

Earnings

Equities

Markets

Movers

General

LUCY

What's Going On With Innovative Eyewear Stock On Wednesday?

WIIM

NUTX

Nutex Health shares are trading higher after the company reported better-than-expected Q1 financial results.

Offerings

GNPX

Genprex Files For Offering Of 27,586,206 Shares Together With Warrants At $0.29 Per Share And Warrant

MP Materials shares are trading higher after the company reached an agreement with a Saudi Arabian mining company to explore and establish a fully integrated end-to-end rare earth supply chain.

MYNZ

Mainz Biomed Files For Offer Of 2.,448,980 Ordinary Units And 2,488,988 Pre-Funded Units

Keybanc analyst Ashley Owens maintains On Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) with a Overweight and raises the price target from $60 to $68.

Price Target

Analyst Ratings

ONON

Keybanc Maintains Overweight on On Holding, Raises Price Target to $68

MLEC

Trading Halt: Halt status updated at 8:55:00 AM ET: Quotation Resumption: News and Resumption Times

<a href="https://www.bloomberg.com/news/articles/2025-05-14/roche-warns-us-investments-at-risk-from-trump-drug-price-plans" title="https://www.bloomberg.com/news/articles/2025-05-14/roche-warns-us-investments-at-risk-from-trump-drug-price-plans">https://www.bloomberg.com/news/articles/2025-05-14/roche-warns-us-investments-at-risk-from-trump-drug-price-plans</a>

Biotech

RHHBY

'Roche Warns US Investments at Risk From Trump Drug Price Plans' - Bloomberg News

<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/14073427/Bear-Repellant-1024x683.jpeg" alt="" class="wp-image-12914" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/14073427/Bear-Repellant-1024x683.jpeg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/14073427/Bear-Repellant-300x200.jpeg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/14073427/Bear-Repellant-768x512.jpeg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/14073427/Bear-Repellant.jpeg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Be Fearful When Others Have FOMO</h2>
It&#8217;s natural to have some FOMO (Fear of missing out) after the rally we&#8217;ve had off the April lows. I have some myself. At the end of March, I&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-adjustments">guessed correctly</a>&nbsp;that shares of&nbsp;Robinhood Markets&nbsp;(HOOD), a Portfolio Armor&nbsp;<a href="https://portfolioarmor.com/performance-top-names">top ten name</a>&nbsp;at the time, were probably near a bottom. As I wrote then, in a pre-market note, when the futures were a sea of red:&nbsp;
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">I'm lowering the strike on these HOOD puts by $2. This puts our break even on the stock at $34, which is about its 200-day exponential moving average, which seems like a plausible near-term bottom for it.
</blockquote>
But instead of buying OTM (out of the money) calls on HOOD, I sold puts on it.&nbsp;
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">The stock is Robinhood Markets (HOOD 0.05%↑), which I think would be a great long term holding if we can get it in the $30s. So I placed a GTC order to sell the $38 strike put on it expiring on May 9th for $4. If that put gets exercised, I will have effectively bought the stock for $34. The max gain on one contract is $400, the max loss is $3,400 (assuming the put gets exercised, and then the stock goes to zero), and the break even is with HOOD at $34. <s>This trade hasn't filled yet</s>. This trade filled at $4.30 on 4/3/2025.
</blockquote>
<h2 class="wp-block-heading">Avoiding FOMO And ROMO</h2>
I see shares of Robinhood trading in the low $60s now and realize I could have made ~2,000% buying OTM calls back then instead. Same with&nbsp;Palantir Technologies&nbsp;(PLTR), another PA top name at the time. I made some modest profits (~150% gains) on some relatively conservative options trades on it, but OTM calls on that would would be up &gt;10x now too.
Maybe FOMO&#8217;s the wrong word for what I have. It&#8217;s more like ROMO (Regret of missing out). But some of you reading this probably do have FOMO, and are tempted to buy now.&nbsp;
<h2 class="wp-block-heading">So What To Do Now?&nbsp;</h2>
Be ready if there&#8217;s another leg down. Then you might get a chance to buy your favorite stock for less. Here&#8217;s why that might happen this summer.&nbsp;
Despite the bullish headlines this week—trade agreements, easing tensions between the U.S. and China, and market technicals pointing toward continued upward momentum—there&#8217;s still cause for concern.
First, Treasury bond yields remain elevated, signaling persistent concerns over inflation and higher-for-longer interest rates. Even with some positive trade news, bond investors seem skeptical that inflation has been beaten, or that the Fed will be quick to cut rates.&nbsp;
Secondly, the current U.S.-China trade deal includes only a temporary, 90-day suspension of new tariffs. The risk remains high that tensions could reignite, particularly if either side perceives a lack of follow-through on promised concessions. Markets have repeatedly underestimated the fragility of trade truces in the past, leading to sudden and sharp reversals.
Plus, economic damage from months of elevated tariffs and disrupted trade flows may already be baked in. Manufacturers, retailers, and global supply chains have absorbed significant costs and disruptions, which can continue to weigh on earnings and consumer spending even after an initial deal is struck.
Finally, valuations in major indices remain stretched relative to historical averages, leaving little room for error.
<h2 class="wp-block-heading">The Case For Bear Repellant&nbsp;</h2>
If you&#8217;re fully invested now, and we get another leg down in the market this summer, you won&#8217;t have any dry powder to buy beaten-down stocks with. If you take the opposite tack, and just stay in cash, you&#8217;ll have two other problems. First, FOMO may become irresistible. Second, if the market keeps going higher for the rest of the year&#8211;or longer&#8211;you&#8217;re going to miss out on all those gains.&nbsp;
A little bear repellant (hedging) goes a long way. One or two percent of your portfolio in option hedges can balloon to a sizeable position in a market crash. Your appreciated options will be dry powder you can convert to cash to buy stocks near the bottom. If you want an easy way to find optimal hedges, you can download the Portfolio Armor app by&nbsp;aiming your iPhone camera at the QR code below (or by&nbsp;<a href="https://apps.apple.com/us/app/portfolio-armor/id394951144">tapping here</a>, if you&#8217;re reading this on your phone).&nbsp;
<figure class="wp-block-image size-large"><a href="https://apps.apple.com/us/app/portfolio-armor/id394951144"><img loading="lazy" decoding="async" width="1024" height="683" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/14073615/PA-JPEG-4-1024x683.jpeg" alt="" class="wp-image-12915" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/14073615/PA-JPEG-4-1024x683.jpeg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/14073615/PA-JPEG-4-300x200.jpeg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/14073615/PA-JPEG-4-768x512.jpeg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/14073615/PA-JPEG-4.jpeg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
And if you want to avoid ROMO with me next time, you can subscribe to the Portfolio Armor trading Substack/occasional email list below. Next time the market tanks, I&#8217;ll be swinging for the fences.&nbsp;
If you&#8217;d like to stay in touch
You can scan for optimal hedges for individual securities, find our current top ten names, and&nbsp;create hedged portfolios&nbsp;on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;You can also follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to <a href="https://portfolioarmor.substack.com/">our trading Substack</a> using the link below (we&#8217;re using that for our occasional emails now).
<figure class="wp-block-image aligncenter size-full"><a href="https://portfolioarmor.substack.com/"><img loading="lazy" decoding="async" width="581" height="372" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/14073847/Widget-4.jpg" alt="" class="wp-image-12916" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/14073847/Widget-4.jpg 581w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/14073847/Widget-4-300x192.jpg 300w" sizes="(max-width: 581px) 100vw, 581px" /></a></figure>

Options

Opinion

Trading Ideas

Be Fearful When Others Have FOMO

Keybanc analyst Sophie Karp downgrades Exelon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) from Sector Weight to Underweight and announces $39 price target.

Downgrades

Keybanc Downgrades Exelon to Underweight, Announces $39 Price Target

As of May 14, 2025, two stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Diversified Healthcare Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DHC#NASDAQ">DHC</a>)</h3>
<ul class="wp-block-list">
<li>On May 5, Diversified Healthcare reported first-quarter financial results and beat its FFO and sales estimates. The company's stock jumped around 47% over the past month and has a 52-week high of $4.24.</li>
<li>RSI Value: 75.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>DHC Price Action: Shares of Diversified Healthcare Trust gained 2% to close at $3.05 on Tuesday.</li>
<li>Edge Stock Ratings: 84.97 Momentum score with Value at 84.66. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/quote/dhc"><img loading="lazy" decoding="async" width="491" height="166" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14043136/image-155.png" alt="" class="wp-image-914609" style="width:370px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14043136/image-155.png 491w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14043136/image-155-300x101.png 300w" sizes="(max-width: 491px) 100vw, 491px" /></a></figure>
<h3 class="wp-block-heading">Douglas Elliman Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOUG#NYSE">DOUG</a>)</h3>
<ul class="wp-block-list">
<li>On May 1, Douglas Elliman reported better-than-expected first-quarter sales results. &#8220;Our performance in the first quarter highlights the strength of our luxury brand and the incredible efforts of our agents, employees and leadership team,&#8221; said Michael S. Liebowitz, Chief Executive Officer of Douglas Elliman Inc. &#8220;By focusing on high-impact areas like Development Marketing, we&#8217;re driving growth and reinforcing our position as the leader in the luxury market – delivering our highest first-quarter revenue since 2022 with significant reductions in operating losses.&#8221; The company's stock gained around 23% over the past month and <a href="https://www.benzinga.com/quote/DOUG">has a 52-week high</a> of $2.98.</li>
<li>RSI Value: 76.8</li>
<li>DOUG Price Action: Shares of Douglas Elliman gained 7.9% to close at $2.04 on Tuesday.</li>
</ul>
Learn more about BZ Edge Rankings—click to see scores for other <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">stocks in the sector and see how they compare.</a>
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</ul>
Photo via Shutterstock

Short Ideas

Pre-Market Outlook

DOUG

Top 2 Real Estate Stocks That May Collapse In Q2

LOAR

Loar Holdings shares are trading lower after the company launched a secondary public offering consisting of 9 million shares.

SRRK

Scholar Rock Holding shares are trading higher following Q1 reported financial results.

Keybanc analyst Sophie Karp upgrades Entergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) from Sector Weight to Overweight and announces $85 price target.

Upgrades

Keybanc Upgrades Entergy to Overweight, Announces $85 Price Target

Amazon.com, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web Services (AWS) and HUMAIN, Saudi Arabia&#8217;s (KSA) new AI innovation company, disclosed a strategic partnership with plans to invest over $5 billion in establishing a <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45384060/aws-and-humain-announce-groundbreaking-ai-zone-to-accelerate-ai-adoption-in-saudi-arabia-and-globa" rel="noreferrer noopener">pioneering &#8220;AI Zone&#8221; in the Kingdom</a>.
This zone will feature dedicated AWS AI infrastructure, UltraCluster networks, SageMaker, Bedrock, and Amazon Q to advance <a href="https://www.benzinga.com/topic/artificial-intelligence" target="_blank" rel="noreferrer noopener">Saudi Arabia&#8217;s AI leadership goals</a>.
The company had already announced an investment of $5.3 billion in an AWS infrastructure region in Saudi Arabia (launching in 2026). AWS&#8217;s new AI Zone represents a further strategic investment to expand global and local demand for its advanced AI services within the Kingdom.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45356821/why-amazons-robot-army-could-save-10-billion-and-change-your-delivery-game" target="_blank" rel="noreferrer noopener">Why Amazon&#8217;s Robot Army Could Save $10 Billion And Change Your Delivery Game</a>
HUMAIN intends to create AI solutions for its customers using AWS technologies through this partnership.
Additionally, HUMAIN will collaborate with AWS to develop a unified AI agent marketplace, simplifying the process for the Saudi Arabian government to find, deploy, and manage AI software.
The collaboration also aims to foster the growth of Large Language Models (LLMs), including Arabic Large Language Models (ALLaM), and to drive widespread adoption of AI across organizations and industries within the Gulf Region and beyond.
Apart from this, NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and KSA disclosed a partnership in Riyadh to establish the Kingdom as a global leader in AI, cloud computing, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/g45387809/saudi-arabia-and-nvidia-to-build-ai-factories-to-power-next-wave-of-intelligence-for-the-age-of-re" rel="noreferrer noopener">enterprise solutions, digital twins, and robotics</a>.
These facilities are projected to reach a capacity of 500 megawatts over the next five years, powered by hundreds of thousands of NVIDIA&#8217;s most advanced graphics processing units (GPUs).
This deployment&#8217;s initial phase will include installing an 18,000-unit NVIDIA GB300 Grace Blackwell AI supercomputer interconnected by NVIDIA InfiniBand networking technology.
H.E. Dr. Abdullah bin Sharaf Alghamdi, president of the SDAIA, said, &#8220;It marks a significant step toward positioning the Kingdom as a leader among data- and AI-driven economies and in building a knowledge-based society and an advanced digital economy aligned with the objectives of Saudi&nbsp;Vision&nbsp;2030.&#8221;
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/05/45398101/microsoft-to-cut-6000-jobs-in-global-restructuring-joins-meta-and-amazon-in-trimming-workforce-amid-ai-driven-shift" target="_blank" rel="noreferrer noopener">Microsoft To Cut 6,000 Jobs Globally Amid AI-Driven Shift, Says Changes Necessary To &#8216;Best Position The Company For Success&#8217;</a></li>
</ul>
Image via Shutterstock

Large Cap

Tech

AMZN

NVDA

Saudi Arabia Bets Big On AI, Teams Up With AWS And NVIDIA

GLBE

Global-E Online shares are trading lower following Q1 reported financial results.

Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), on Tuesday, disclosed several major collaborations and initiatives related to <a target="_blank" href="https://www.benzinga.com/topic/artificial-intelligence" rel="noreferrer noopener">Artificial Intelligence (AI) advancements</a>.
The company disclosed its <a href="https://www.benzinga.com/pressreleases/25/05/n45386096/cisco-to-collaborate-with-ai-infrastructure-partnership-to-drive-investment-in-data-centers-and-en" target="_blank" rel="noreferrer noopener">collaboration with the AI Infrastructure Partnership (AIP)</a>, led by BlackRock, GIP, MGX, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and xAI.
As a technology partner, Cisco joins energy collaborators GE Vernova, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) and NextEra Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) to strengthen AIP&#8217;s platform for investing in secure, efficient, and scalable AI infrastructure.
AIP&#8217;s initial goal is to unlock $30 billion in capital from investors, asset owners, and corporations, with the expectation of mobilizing up to $100 billion in total investment potential through debt financing.
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/25/05/45261116/cisco-unveils-quantum-chip-and-lab-to-push-next-gen-networking" rel="noreferrer noopener">Cisco Unveils Quantum Chip And Lab To Push Next-Gen Networking</a>
Apart from this, Cisco disclosed a significant collaboration with HUMAIN, Saudi Arabia&#8217;s <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/n45386041/cisco-expands-partnership-with-saudi-arabia-to-power-the-ai-future" rel="noreferrer noopener">newly established AI enterprise</a>.
This initiative aims to develop a highly open, scalable, resilient, and cost-efficient AI infrastructure, merging Cisco&#8217;s global expertise with the Kingdom&#8217;s ambitious AI objectives.
Moreover, Cisco unveiled a range of strategic initiatives aimed at all stages of the AI revolution in <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/n45385978/cisco-announces-new-strategic-ai-initiatives-in-the-middle-east" rel="noreferrer noopener">the United States and the Middle East</a>.
These new efforts position Cisco as a central player in the Gulf&#8217;s AI transformation, offering its trusted, world-class technology alongside its partner ecosystem.
Also, the company will expand its strategic alliance with G42 further to accelerate AI innovation and <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/n45373379/g42-and-cisco-to-extend-strategic-partnership-to-drive-ai-innovation-and-infrastructure-developmen" rel="noreferrer noopener">infrastructure development within the UAE</a>.
This collaboration will leverage Cisco&#8217;s extensive secure AI offerings and AI-native solutions, combined with G42&#8217;s strong regional presence, AI infrastructure knowledge, and growing global reach, potentially including a joint market entry strategy.
Additionally, the Ministry of Interior of Qatar and Cisco have signed a letter of intent to explore collaboration on Qatar&#8217;s digital transformation initiatives, advancements in artificial intelligence, infrastructure development, and cybersecurity enhancements.
Price Action: CSCO shares are up 0.06% to $61.82 premarket at the last check on Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/previews/25/05/45390560/cisco-systems-q3-earnings-preview-can-ai-momentum-carry-company-to-another-double-beat" target="_blank" rel="noreferrer noopener">Cisco Systems Q3 Earnings Preview: Can AI Momentum Carry Company To Another Double Beat?</a></li>
</ul>
Image via Shutterstock

CSCO

MSFT

Cisco's Partners With AIP In Latest AI Push

SCHW

Schwab Monthly Highlights: Total Client Assets Equaled $9.89T At Month-End Apr, Up 12% YoY; Core Net New Assets Brought To Co Totaled $2.7B

Keybanc analyst Sophie Karp downgrades Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) from Sector Weight to Underweight and announces $90 price target.

Keybanc Downgrades Consolidated Edison to Underweight, Announces $90 Price Target

Press Releases

Arvinas to Report First Quarter 2025 Financial Results on Thursday, May 1, 2025

Arvinas Reports First Quarter 2025 Financial Results and Provides Corporate Update

Legal

BREAKING: Block & Leviton Investigating Arvinas, Inc. (ARVN) For Securities Fraud After Shares Fall Over 20%; Investors Encouraged to Contact the Firm to Potentially Recover Losses

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Arvinas, Inc. - ARVN

Kirby McInerney LLP Announces Investigation of Potential Claims Against Arvinas, Inc. (ARVN) on Behalf of Investors

ARVINAS ALERT: Bragar Eagel & Squire, P.C. is Investigating Arvinas, Inc. on Behalf of Arvinas Stockholders and Encourages Investors to Contact the Firm

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Arvinas

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PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL