Últimas noticias sobre Global Mofy AI (NASDAQ:GMM) Bolsa

SPDR S&P Emerging Markets ETF

Global Mofy Metaverse

Global Mofy AI Ltd, formerly Global Mofy Metaverse Ltd operates as a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry. It utilizes its proprietary Mofy Lab technology platform which consists of three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology to create a 3D high-definition virtual version of a wide range of physical world objects such as human, animal, and scenes which can be used in different applications.

Global Mofy AI Limited - Class A Ordinary Shares

Global Mofy AI Ltd

Tidal Trust III GammaRoad Market Navigation ETF

Gama Explorations Inc

<h3>Gainers</h3>
<ul>
<li>Scholastic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) stock rose 8.2% to $32.66 during Thursday's after-market session. The market value of their outstanding shares is at $922.3 million. The company's, Q1 earnings came out today. </li>
<li>Global Mofy AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) stock increased by 7.44% to $0.73. The market value of their outstanding shares is at $20.9 million. </li>
<li>MultiMetaVerse Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMV#NASDAQ">MMV</a>) shares moved upwards by 7.07% to $0.53. The market value of their outstanding shares is at $17.5 million. </li>
<li>Scienjoy Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SJ#NASDAQ">SJ</a>) shares rose 5.78% to $0.85. The market value of their outstanding shares is at $35.1 million. </li>
<li>Urban One (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UONE#NASDAQ">UONE</a>) stock rose 4.94% to $1.91. The market value of their outstanding shares is at $92.3 million. </li>
<li>Leafly Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) stock increased by 4.6% to $2.27. The company's market cap stands at $5.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Snail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNAL#NASDAQ">SNAL</a>) shares fell 12.5% to $0.7 during Thursday's after-market session. The company's market cap stands at $25.7 million. </li>
<li>Brera Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BREA#NASDAQ">BREA</a>) shares declined by 7.77% to $0.83. The market value of their outstanding shares is at $11.0 million. </li>
<li>Intelligent Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTJ#NASDAQ">INTJ</a>) shares declined by 4.77% to $1.0. The market value of their outstanding shares is at $13.1 million. </li>
<li>Sify Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) shares fell 4.35% to $0.37. The market value of their outstanding shares is at $162.0 million. </li>
<li>Pop Culture Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPOP#NASDAQ">CPOP</a>) shares decreased by 4.1% to $1.17. The company's market cap stands at $17.4 million. </li>
<li>Fangdd Network Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares declined by 3.81% to $1.01. The market value of their outstanding shares is at $6.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Eaton Vance Massachusetts Municipal Income Trust

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12 Communication Services Stocks Moving In Thursday's After-Market Session

Haoxi Health Technology Limited (the "Company" or "HAO"), an online marketing solution provider headquartered in Beijing, China, today announced a strategic partnership with an AI platform, Gauss Intelligence (Beijing) Technology Co., Ltd., a subsidiary of Global Mofy AI Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>). This collaboration aims to leverage the advanced capabilities of Gausspeed, a cutting-edge generative AI platform, alongside HAO's extensive application scenarios to deliver transformative AI marketing solutions. &nbsp;
Through this partnership, Global Mofy will provide the powerful AI capabilities of the Gausspeed platform, while HAO will contribute its rich industry knowledge and practical application expertise. Together, the two companies will focus on three key areas: enhancing big data analysis, automating creative content generation, and improving intelligent decision-making processes that deliver optimal digital marketing solutions to the Company's vast client base.
Global Mofy is a leading digital asset bank in China, managing over 100,000 digital assets. The company specializes in virtual content and 3D asset development, with offices in Beijing, Zhejiang, and California, aiming to enhance the digital content and entertainment industries.

News

Haoxi Health Technology Limited And Global Mofy AI Ltd Announce Strategic Partnership Aiming To Leverage The Advanced Capabilities Of Gausspeed, Alongside HAO's Application Scenarios To Deliver Transformative AI Marketing Solutions

Global Mofy AI Limited (the "Company" or "Global Mofy") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>), a generative AI-driven technology solutions provider engaged in virtual content production and the development of 3D digital assets for use in the broader digital content industry, today announced its successful participation in the esteemed "Discover Beautiful China in Huzhou" university talent recruitment event held in Ningxia, China. Representatives from both the Global Mofy Beijing Office and the Century Mofy Vocational Education Institute attended the event.

Global

Global Mofy Showcases Generative AI Innovations At Major Recruitment Event In Ningxia

Global Mofy Metaverse Limited (the "Company" or "Global Mofy") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>), a generative AI-driven technology solutions provider engaged in virtual content production and the development of 3D digital assets for use in the broader digital content industry, today announced that CEO Mr. Haogang Yang, invited by NVIDIA China, concluded his participation at SIGGRAPH 2024 in Denver, Colorado. This prominent event, supported by NVIDIA, offered Mr. Yang the invaluable opportunity to engage with key industry leaders, delve into the latest advancements in generative AI and computer graphics, and explore the future direction of the digital content industry.

Global Mofy CEO Invited By NVIDIA China To Engage With Industry Leaders At SIGGRAPH 2024

Global Mofy Metaverse (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gmm#NASDAQ">GMM</a>) reported quarterly earnings of $0.36 per share. This is a 1700 percent increase over earnings of $0.02 per share from the same period last year. The company reported $19.90 million in sales this quarter. This is a 55.47 percent increase over sales of $12.80 million the same period last year.

Earnings

Penny Stocks

Global Mofy Metaverse H1 Adj $0.36 Up From $0.02 YoY, Sales $19.90M Up From $12.80M YoY

<h3>Gainers</h3>
<ul>
<li>DouYu Intl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) shares increased by 32.6% to $16.7 during Thursday's pre-market session. The market value of their outstanding shares is at $528.3 million. </li>
<li>TuanChe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TC#NASDAQ">TC</a>) shares moved upwards by 14.54% to $2.05. The market value of their outstanding shares is at $4.1 million. </li>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) shares increased by 13.05% to $12.12. The market value of their outstanding shares is at $8.0 billion. </li>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) stock increased by 8.69% to $21.0. The market value of their outstanding shares is at $13.9 billion. </li>
<li>HUYA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUYA#NYSE">HUYA</a>) shares increased by 6.63% to $4.5. The market value of their outstanding shares is at $1.0 billion. </li>
<li>Urban One (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UONE#NASDAQ">UONE</a>) shares increased by 5.55% to $1.9. The company's market cap stands at $94.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Leafly Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) shares fell 8.6% to $1.92 during Thursday's pre-market session. The market value of their outstanding shares is at $4.7 million. </li>
<li>Hanryu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRYU#NASDAQ">HRYU</a>) shares decreased by 6.35% to $0.25. The market value of their outstanding shares is at $13.2 million. </li>
<li>Loop Media (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LPTV#AMEX">LPTV</a>) stock decreased by 5.86% to $0.12. The market value of their outstanding shares is at $9.5 million. </li>
<li>Global Mofy Metaverse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares declined by 5.57% to $0.83. The market value of their outstanding shares is at $23.7 million. </li>
<li>Motorsport Games (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSGM#NASDAQ">MSGM</a>) stock decreased by 5.07% to $2.25. The market value of their outstanding shares is at $6.1 million. </li>
<li>Blue Hat Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHAT#NASDAQ">BHAT</a>) shares decreased by 4.01% to $1.2. The market value of their outstanding shares is at $70.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Thursday's Pre-Market Session

WIIM

Global Mofy Metaverse shares are trading higher after the company announced its subsidiary Global Mofy Technology entered into a LOI regarding the launch of a $69 million fund with strategic partners to foster growth opportunities in the AI digital economy and entertainment sectors.

General

Global Mofy Metaverse Unveils $69M Fund To Boost Growth In The AI, Digital Economy And Entertainment Sectors

<h3>Gainers</h3>
<ul>
<li>AMC Enter Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) shares moved upwards by 10.5% to $5.74 during Monday's after-market session. The company's market cap stands at $1.6 billion. As per the news, the Q1 earnings report came out 3 days ago. </li>
<li>Surgepays (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SURG#NASDAQ">SURG</a>) shares moved upwards by 7.95% to $4.07. The company's market cap stands at $78.4 million. As per the news, the Q1 earnings report came out today. </li>
<li>BuzzFeed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZFD#NASDAQ">BZFD</a>) shares moved upwards by 6.12% to $2.25. The market value of their outstanding shares is at $82.3 million. As per the news, the Q1 earnings report came out today. </li>
<li>Eventbrite (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EB#NYSE">EB</a>) stock moved upwards by 4.59% to $5.69. The market value of their outstanding shares is at $552.5 million. </li>
<li>Golden Matrix Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMGI#NASDAQ">GMGI</a>) stock rose 3.39% to $5.48. The company's market cap stands at $651.4 million. </li>
<li>Altice USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATUS#NYSE">ATUS</a>) stock moved upwards by 3.33% to $2.17. The company's market cap stands at $998.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Antelope Ent Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) stock declined by 7.2% to $1.43 during Monday's after-market session. The company's market cap stands at $9.5 million. As per the news, the FY earnings report came out yesterday. </li>
<li>Cineverse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNVS#NASDAQ">CNVS</a>) stock declined by 5.0% to $0.88. The company's market cap stands at $11.7 million. </li>
<li>Integral Ad Science (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAS#NASDAQ">IAS</a>) stock fell 4.67% to $9.26. The market value of their outstanding shares is at $1.4 billion. As per the news, the Q1 earnings report came out 2 days ago. </li>
<li>Global Mofy Metaverse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares decreased by 2.06% to $0.95. The company's market cap stands at $27.1 million. </li>
<li>AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) shares fell 1.97% to $14.93. The market value of their outstanding shares is at $657.5 million. The company's, Q1 earnings came out yesterday. </li>
<li>Chicken Soup for the Soul (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) stock decreased by 1.7% to $0.29. The company's market cap stands at $9.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Monday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Criteo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRTO#NASDAQ">CRTO</a>) stock moved upwards by 14.2% to $40.15 during Thursday's pre-market session. The company's market cap stands at $2.2 billion. The company's, Q1 earnings came out today. </li>
<li>MediaAlpha (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAX#NYSE">MAX</a>) stock increased by 14.05% to $24.02. The company's market cap stands at $1.2 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Chicken Soup for the Soul (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSEP#NASDAQ">CSSEP</a>) stock increased by 11.83% to $2.74. </li>
<li>Grom Social Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROM#NASDAQ">GROM</a>) stock moved upwards by 10.35% to $0.63. The company's market cap stands at $5.6 million. </li>
<li>IAC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>) stock increased by 7.04% to $51.22. The market value of their outstanding shares is at $4.4 billion. </li>
<li>Bilibili (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) shares increased by 6.67% to $13.58. The market value of their outstanding shares is at $5.6 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Blue Hat Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHAT#NASDAQ">BHAT</a>) shares declined by 6.7% to $1.12 during Thursday's pre-market session. The company's market cap stands at $65.4 million. The company's, FY earnings came out 2 days ago. </li>
<li>Global Mofy Metaverse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) stock decreased by 6.16% to $1.22. The company's market cap stands at $34.8 million. </li>
<li>MediaCo Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDIA#NASDAQ">MDIA</a>) stock decreased by 5.22% to $2.18. The company's market cap stands at $101.8 million. </li>
<li>HWH International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) stock decreased by 5.01% to $1.9. The market value of their outstanding shares is at $30.8 million. </li>
<li>Marcus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) shares fell 4.66% to $12.5. The market value of their outstanding shares is at $401.9 million. As per the news, the Q1 earnings report came out today. </li>
<li>Anghami (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGH#NASDAQ">ANGH</a>) shares fell 4.55% to $1.05. The company's market cap stands at $70.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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U.S. stocks traded lower toward the end of trading, with the Dow Jones falling around 1% on Tuesday.
The Dow traded down 0.99% to 38,005.55 while the NASDAQ fell 1.09% to 15,808.29. The S&amp;P 500 also fell, dropping, 0.85% to 5,072.88.
Check This Out: <a href="https://www.benzinga.com/news/24/04/38489087/jim-cramer-likes-palantir-recommends-pioneer-natural-resources-i-want-you-to-ka-ching-ka-ching">Jim Cramer Likes Palantir, Recommends Pioneer Natural Resources: &#8216;I Want You To Ka-Ching, Ka-Ching&#8217;</a>
Leading and Lagging Sectors Health care shares rose by 0.1% on Tuesday.
In trading on Tuesday, energy shares fell by 2.1%.
Top Headline
3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) reported better-than-expected first-quarter 2024 results.
The company reported net sales of $8.00 billion, a slight decline of 0.35%Y/Y. Adjusted net sales totaled $7.72 billion, up 0.5% Y/Y, beating the consensus of $7.63 billion with 0.8% growth organic sales. Adjusted EPS was $2.39 compared to $1.97 in the prior-year quarter, beating the consensus of $2.10.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Akili, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKLI#NASDAQ">AKLI</a>) shares shot up 64% to $0.3862 after the company announced Shionogi has canceled and forgiven a $5.0 million long-term debt obligation and agreed to make certain payments for SDT-001.</li>
<li>Shares of GeneDx Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGS#NASDAQ">WGS</a>) got a boost, surging 47% to $16.17 after the company reported better-than-expected first-quarter financial results and raised its FY2024 sales guidance.</li>
<li>Global Mofy Metaverse Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares were also up, gaining 49% to $1.3850 after the company&#8217;s Gauss AI teamed with Heartdub to develop the Gausspeed generative AI platform.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) shares dropped 27% to $5.25 after the company reported first-quarter financial results. Also, Piper Sandler reiterated an Underweight rating on the stock and lowered its price target from $8.5 to $6.</li>
<li>Shares of NRx Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRXP#NASDAQ">NRXP</a>) were down 25% to $2.6501 after the company announced findings from its Phase 2b/3 trial of NRX-101 vs. Lurasidone.</li>
<li>Medifast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MED#NYSE">MED</a>) was down, falling 21% to $27.98 after the company reported mixed first-quarter financial results.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/04/38518458/dominos-pizza-to-rally-over-10-here-are-10-top-analyst-forecasts-for-tuesday">Domino&#8217;s Pizza To Rally Over 10%? Here Are 10 Top Analyst Forecasts For Tuesday</a>
Commodities In commodity news, oil traded down 0.7% to $82.08 while gold traded down 2.2% at $2,306.60.
Silver traded down 3.7% to $26.645 on Tuesday, while copper fell 2.5% to $4.5590.
Euro zone
European shares were lower today. The eurozone's STOXX 600 slipped 0.68%, London's FTSE 100 fell 0.04% while Spain's IBEX 35 Index fell 2.22% The German DAX fell 1.03% French CAC 40 fell 0.99% while Italy's FTSE MIB Index fell 1.60%.
The annual inflation rate in the eurozone remained at 2.4% in April, in line with market estimates, while annual inflation rate in Italy slowed to 0.9% in April from 1.2% in the prior month. The annual inflation rate in France slowed to 2.2% in April from 2.3% in March, while producer prices in France declined 0.2% month-over-month in March. The French economy expanded by 0.2% quarter-over-quarter in the first quarter.
Consumer credit in the UK increased by £1.577 billion in March versus a revised £1.429 billion in the previous month. German economy grew by 0.2% in the first quarter following a 0.5% contraction in the prior period, while jobless rate in Germany remained at 5.9%for the fifth straight month in April. German retail sales rose by 1.8% month-over-month during March.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 adding 1.24%, Hong Kong's Hang Seng Index gaining 0.09%, China's Shanghai Composite falling 0.26% and India's S&amp;P BSE Sensex falling 0.25%.
Japan&#8217;s housing starts fell by 12.8% year-over-year in March following an 8.2% decline in the previous month. Retail sales in Japan climbed 1.2% year-over-year in March, while industrial production in rose 3.8% month-over-month in March.
The Caixin China General Manufacturing PMI rose to 51.4 in April versus 51.1 a month ago, while official NBS Manufacturing PMI declined to 50.4 in April from 50.8 in March.
Economics
<ul>
<li>The Chicago Business Barometer fell to 37.9 in April from 41.4 in the previous month.</li>
<li>The FHFA house price index rose 1.2% in February.</li>
<li>The S&amp;P CoreLogic Case-Shiller 20-city home price index rose by 7.3% year-over-year in February.</li>
<li>Compensation costs for civilian workers climbed by 1.2% during the first quarter.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/04/38520037/jim-cramer-rejects-illumina-as-its-not-well-run-recommends-buying-this-tech-stock-right-here-right-n">Jim Cramer Rejects Illumina As &#8216;It&#8217;s Not Well-Run,&#8217; Recommends Buying This Tech Stock &#8216;Right Here, Right Now&#8217;</a>

Eurozone

Commodities

Intraday Update

Markets

Trading Ideas

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CHGG

NRXP

Gold Down Over 2%; 3M Profit Beats Expectations

Shares of H&amp;E Equipment Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEES#NASDAQ">HEES</a>) fell sharply during Tuesday's session following <a href="https://www.benzinga.com/quote/HES/earnings">mixed first-quarter results</a>.
H&amp;E Equipment posted GAAP earnings of 71 cents per share, versus market estimates of 77 cents per share. The company's quarterly sales came in at $371.357 million versus expectations of $352.518 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
H&amp;E Equipment Services shares dipped 18.2% to $48.45 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Akili, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKLI#NASDAQ">AKLI</a>) shares jumped 67.2% to $0.3927 after the company announced Shionogi has canceled and forgiven a $5.0 million long-term debt obligation and agreed to make certain payments for SDT-001.</li>
<li>AGBA Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGBA#NASDAQ">AGBA</a>) gained 57.5% to $3.70 after the company highlighted plans for its previously-announced merger with Triller.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCC#NASDAQ">CYCC</a>) climbed 55.4% to $2.12 after falling over 9% on Monday.</li>
<li>Global Mofy Metaverse Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares gained 50.2% to $1.40 after the company&#8217;s Gauss AI teamed with Heartdub to develop the Gausspeed generative AI platform.</li>
<li>GeneDx Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGS#NASDAQ">WGS</a>) rose 40.8% to $15.49 after the company reported better-than-expected first-quarter financial results and raised its FY2024 sales guidance.</li>
<li>Eliem Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELYM#NASDAQ">ELYM</a>) gained 39.4% to $7.00.</li>
<li>Swvl Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) surged 29.8% to $13.14 after announcing results for the fiscal year 2023.</li>
<li>Next.e.GO N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGOX#NASDAQ">EGOX</a>) gained 26.4% to $0.0349.</li>
<li>Blend Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLND#NYSE">BLND</a>) shares climbed 25.8% to $2.83 after the company announced a strategic partnership with Haveli Investments, including a $150 million investment.</li>
<li>Daré Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DARE#NASDAQ">DARE</a>) rose 24.2% to $0.3460 after the XOMA acquired an economic interest in the company&#8217;s women&#8217;s health assets. Also, the company announced that the transaction allows it to focus on advancing Phase 3 first-in-category women&#8217;s health product candidates.</li>
<li>LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) gained 24.2% to $46.39 after the company beat first-quarter estimates and issued strong guidance.</li>
<li>MIND Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIND#NASDAQ">MIND</a>) rose 24% to $5.85 following quarterly results.</li>
<li>Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) gained 19.8% to $6.85.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) rose 19.2% to $11.19 following a first-quarter revenue beat.</li>
<li>Marin Software Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) rose 18.8% to $3.1002 after the company announced the launch of its AI-powered Anomaly Detector.</li>
<li>ATI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) gained 15.5% to $59.94 following upbeat quarterly results.</li>
<li>Clearwater Paper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLW#NYSE">CLW</a>) gained 15.2% to $46.88 following better-than-expected earnings.</li>
<li>LSB Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXU#NYSE">LXU</a>) rose 13.4% to $9.32 following strong quarterly earnings.</li>
<li>SES AI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) gained 13.3% to $1.53.</li>
<li>E2open Parent Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) rose 12.5% to $4.7950 following upbeat results.</li>
<li>Sensata Technologies Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) shares climbed 12.1% to $40.04 as the company reported stronger-than-expected results for its first quarter on Monday. The company said Jeff Cote will retire as CEO and President. Sensata said it sees second-quarter adjusted earnings of 89 cents to 95 cents per share on revenue of $1.025 billion to $1.055 billion.</li>
<li>Addex Therapeutics Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADXN#NASDAQ">ADXN</a>) jumped 10.3% to $8.31. Addex shares dipped 53% on Monday after the company announced the Phase 2 ADX71149 epilepsy study did not achieve statistical significance for the primary endpoint of time for patients to reach baseline seizure count when ADX71149 was added to standard of care.</li>
<li>AgEagle Aerial Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#NASDAQ">UAVS</a>) gained 10.4% to $0.77. AgEagle announced $3.4 million drone sale to French Army.</li>
<li>Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) rose 9.2% to $108.28 after the company reported better-than-expected first quarter earnings and issued strong guidance.</li>
<li>Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) gained 7.5% to $53.38 after the company reported strong third-quarter financial results and raised FY24 guidance.</li>
<li>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) rose 6.6% to $785.51 after the company raised its FY24 revenue guidance.</li>
<li>3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) gained 5.5% to $97.25 following a first-quarter earnings beat.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Lichen China Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) fell 30.6% to $1.4127 after surging 48% on Monday.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) declined 29.7% to $1.25.</li>
<li>Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) shares fell 26.1% to $5.30 after the company posted first-quarter results and named Nathan Shultz as CEO.</li>
<li>NRx Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRXP#NASDAQ">NRXP</a>) dipped 25% to $2.6592 after the company announced findings from its Phase 2b/3 trial of NRX-101 vs. Lurasidone.</li>
<li>Bakkt Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKKT#NYSE">BKKT</a>) fell 23.5% to $7.62. Bakkt Holdings is expected to release its first quarter 2024 earnings on Tuesday, May 14.</li>
<li>Medifast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MED#NYSE">MED</a>) shares declined 22.6% to $27.50 after the company reported mixed first-quarter financial results.</li>
<li>Vince Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) were down 21.4% to $1.6536 after the company posted fourth-quarter results.</li>
<li>NewGenIvf Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) fell 20.1% to $1.63.</li>
<li>Top Wealth Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWG#NASDAQ">TWG</a>) dipped 18% to $1.14.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) declined 16.4% to $1,081.53 after the company reported worse-than-expected financial results for the first quarter.</li>
<li>Safe &amp; Green Holdings Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) fell 16% to $0.1185 after declining 4% on Monday.</li>
<li>ArcBest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) declined 15.8% to $108.96 after the company reported worse-than-expected first quarter adjusted EPS results.</li>
<li>CECO Environmental Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) fell 15% to $21.59 after the company reported worse-than-expected first-quarter sales results.</li>
<li>GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) declined 13.2% to $77.22 following a first-quarter earnings miss.</li>
<li>Coursera, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>) shares declined 13.1% to $10.34 after the company reported mixed first-quarter financial results and issued FY24 revenue guidance below estimates.</li>
<li>Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) fell 12.5% to $0.6393. Complete Solaria shares jumped 92% on Monday after the company named T.J. Rodgers as CEO.</li>
<li>Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) fell 11% to $5.18 after the company reported worse-than-expected quarterly sales results.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) declined 9.3% to $7.39 on reports NBCUniversal is preparing an offer that could take NBA rights from TNT.</li>
<li>F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) fell 7.6% to $168.36. F5 reported upbeat earnings for its second quarter, but issued weak forecast for the third quarter.</li>
<li>Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) declined 7.5% to $58.80 following quarterly results.</li>
<li>The Macerich Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAC#NYSE">MAC</a>) fell 7.4% to $14.82 following quarterly earnings.</li>
<li>Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) shares declined 7.3% to $37.13. Yum China posted upbeat earnings for its first quarter, while sales missed expectations.</li>
<li>Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>) shares declined 7.3% to $56.10 following first-quarter results.</li>
</ul>
Now Read This: <a href="http://Domino's Pizza To Rally Over 10%? Here Are 10 Top Analyst Forecasts For Tuesday">Domino&#8217;s Pizza To Rally Over 10%? Here Are 10 Top Analyst Forecasts For Tuesday</a>

ADXN

AGBA

ARCB

Bakkt Holdings, Inc. Class A Common Stock

BKKT

BLND

CECO

CETX

COUR

CSLR

CYCC

DARE

EGOX

ELYM

ETWO

FFIV

GEHC

HEES

HLIT

LICN

MIND

MRIN

MSTR

MULN

NIVF

RMBS

SGBX

SWVL

TREE

UAVS

VNCE

YUMC

Why H&E Equipment Services Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 100 points on Tuesday.
The Dow traded down 0.81% to 38,073.65 while the NASDAQ fell 0.80% to 15,855.75. The S&amp;P 500 also fell, dropping, 0.70% to 5,080.52.
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Leading and Lagging Sectors Health care shares rose by 0.1% on Tuesday.
In trading on Tuesday, energy shares fell by 1.6%.
Top Headline
Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) reported better-than-expected first-quarter results on Tuesday.
Coca-Cola reported first-quarter FY24 sales growth of 3% year-on-year to $11.3 billion, beating the analyst consensus estimate of $11.01 billion. Adjusted EPS of 72 cents beat the consensus estimate of 70 cents.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Akili, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKLI#NASDAQ">AKLI</a>) shares shot up 66% to $0.3956 after the company announced Shionogi has canceled and forgiven a $5.0 million long-term debt obligation and agreed to make certain payments for SDT-001.</li>
<li>Shares of AGBA Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGBA#NASDAQ">AGBA</a>) got a boost, surging 44% to $3.38 after the company highlighted plans for its previously-announced merger with Triller.</li>
<li>Global Mofy Metaverse Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares were also up, gaining 54% to $1.43 after the company&#8217;s Gauss AI teamed with Heartdub to develop the Gausspeed generative AI platform.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) shares dropped 26% to $5.34 after the company reported first-quarter financial results. Also, Piper Sandler reiterated an Underweight rating on the stock and lowered its price target from $8.5 to $6.</li>
<li>Shares of Vince Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) were down 24% to $1.60 after the company posted fourth-quarter results.</li>
<li>Medifast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MED#NYSE">MED</a>) was down, falling 23% to $27.41 after the company reported mixed first-quarter financial results.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/04/38518458/dominos-pizza-to-rally-over-10-here-are-10-top-analyst-forecasts-for-tuesday">Domino&#8217;s Pizza To Rally Over 10%? Here Are 10 Top Analyst Forecasts For Tuesday</a>
Commodities In commodity news, oil traded down 0.9% to $81.88 while gold traded down 2.1% at $2,308.20.
Silver traded down 3.6% to $26.675 on Tuesday, while copper fell 2.5% to $4.5620.
Euro zone
European shares were lower today. The eurozone's STOXX 600 slipped 0.68%, London's FTSE 100 fell 0.04% while Spain's IBEX 35 Index fell 2.22% The German DAX fell 1.03% French CAC 40 fell 0.99% while Italy's FTSE MIB Index fell 1.60%.
The annual inflation rate in the eurozone remained at 2.4% in April, in line with market estimates, while annual inflation rate in Italy slowed to 0.9% in April from 1.2% in the prior month. The annual inflation rate in France slowed to 2.2% in April from 2.3% in March, while producer prices in France declined 0.2% month-over-month in March. The French economy expanded by 0.2% quarter-over-quarter in the first quarter.
Consumer credit in the UK increased by £1.577 billion in March versus a revised £1.429 billion in the previous month. German economy grew by 0.2% in the first quarter following a 0.5% contraction in the prior period, while jobless rate in Germany remained at 5.9%for the fifth straight month in April. German retail sales rose by 1.8% month-over-month during March.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 adding 1.24%, Hong Kong's Hang Seng Index gaining 0.09%, China's Shanghai Composite falling 0.26% and India's S&amp;P BSE Sensex falling 0.25%.
Japan&#8217;s housing starts fell by 12.8% year-over-year in March following an 8.2% decline in the previous month. Retail sales in Japan climbed 1.2% year-over-year in March, while industrial production in rose 3.8% month-over-month in March.
The Caixin China General Manufacturing PMI rose to 51.4 in April versus 51.1 a month ago, while official NBS Manufacturing PMI declined to 50.4 in April from 50.8 in March.
Economics
<ul>
<li>The Chicago Business Barometer fell to 37.9 in April from 41.4 in the previous month.</li>
<li>The FHFA house price index rose 1.2% in February.</li>
<li>The S&amp;P CoreLogic Case-Shiller 20-city home price index rose by 7.3% year-over-year in February.</li>
<li>Compensation costs for civilian workers climbed by 1.2% during the first quarter.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/04/38520037/jim-cramer-rejects-illumina-as-its-not-well-run-recommends-buying-this-tech-stock-right-here-right-n">Jim Cramer Rejects Illumina As &#8216;It&#8217;s Not Well-Run,&#8217; Recommends Buying This Tech Stock &#8216;Right Here, Right Now&#8217; </a>

Nasdaq Dips Over 100 Points; Coca-Cola Earnings Top Views

Global Mofy Metaverse Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares are trading higher Tuesday after the company announced its wholly-owned subsidiary, Gauss AI, has teamed up with Heartdub to create a generative <a href="https://www.benzinga.com/pressreleases/24/04/g38516632/global-mofy-metaverse-and-heartdub-leverage-nvidia-omniverse-to-develop-generative-video-ai-platfo">artificial intelligence (AIGC) platform.</a>
The Details:
Gauss AI and Heartdub are jointly developing Gausspeed, a generative artificial intelligence (AIGC) platform designed for film production, video generation, and other content creation within the digital entertainment sector. The companies are leveraging the Nvidia Omniverse and Nvidia RTX GPUs in development.&nbsp;
&#8220;As technology reshapes the entire film making production process and entertainment experience, content creators face extensive challenges. Optimizing traditional workflows in digital entertainment through technological innovation to drive industry advancement is a shared goal among global film production companies, which represents a major opportunity and market expansion for us," said Mr. Haogang Yang, CEO of Global Mofy Metaverse.
"Our strategic partnership with Heartdub gives us a competitive advantage, where we execute on a shared vision and leverage our combined resources and technologies, along with leaders like NVIDIA, to transform film making, while creating meaningful near and long-term value for all of our shareholders,&#8221; added Yang.&nbsp;
Global Mofy Metaverse shares are moving on heavy trading volume following the announcement. According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, more than 48.5 million shares have already been traded in the session, compared to the stock&#8217;s 100-day average of less than 415,000 shares.
Related News: <a href="https://www.benzinga.com/news/24/04/38497173/whats-going-on-with-rivian-automotive-stock">What&#8217;s Going On With Rivian Automotive Stock?</a>
<h2 class="wp-block-heading">Should I Sell My GMM Stock?</h2>
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of Global Mofy Metaverse have lost 72.63% year to date. This compares to the average annual return of -42.92%, meaning the stock has underperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity. 
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Global Mofy Metaverse stock currently has an RSI of 75.3, indicating overbought conditions.
For analysis tools, charting data and access to exclusive stock news, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a> 
GMM Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Global Mofy Metaverse shares are up 53.7% at $1.43 at the time of publication Tuesday.
Image: Shutterstock

Why Global Mofy Metaverse Stock Is Soaring

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 200 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.59% to 38,159.97 while the NASDAQ fell 0.23% to 15,945.74. The S&amp;P 500 also fell, dropping, 0.23% to 5,104.26.
Check This Out: <a href="https://www.benzinga.com/news/24/04/38489087/jim-cramer-likes-palantir-recommends-pioneer-natural-resources-i-want-you-to-ka-ching-ka-ching">Jim Cramer Likes Palantir, Recommends Pioneer Natural Resources: &#8216;I Want You To Ka-Ching, Ka-Ching&#8217;</a>
Leading and Lagging Sectors Health care shares rose by 0.5% on Tuesday.
In trading on Tuesday, materials shares fell by 0.7%.
Top Headline
McDonald's Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) reported mixed first-quarter results on Tuesday.
McDonald's reported first-quarter FY24 sales growth of 4.6% year-on-year to $6.17 billion, beating the analyst consensus estimate of $6.155 billion. Adjusted EPS of $2.70 missed the consensus estimate of $2.72.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Akili, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKLI#NASDAQ">AKLI</a>) shares shot up 64% to $0.3849 after the company announced Shionogi has canceled and forgiven a $5.0 million long-term debt obligation and agreed to make certain payments for SDT-001.</li>
<li>Shares of AGBA Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGBA#NASDAQ">AGBA</a>) got a boost, surging 61% to $3.78 after the company highlighted plans for its previously-announced merger with Triller.</li>
<li>Global Mofy Metaverse Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares were also up, gaining 58% to $1.4650 after the company&#8217;s Gauss AI teamed with Heartdub to develop the Gausspeed generative AI platform.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Lichen China Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) shares dropped 27% to $1.4902.</li>
<li>Shares of Vince Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) were down 24% to $1.6090 after the company posted fourth-quarter results.</li>
<li>Medifast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MED#NYSE">MED</a>) was down, falling 22% to $27.71 after the company reported mixed first-quarter financial results.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/04/38518458/dominos-pizza-to-rally-over-10-here-are-10-top-analyst-forecasts-for-tuesday">Domino&#8217;s Pizza To Rally Over 10%? Here Are 10 Top Analyst Forecasts For Tuesday </a>
Commodities In commodity news, oil traded up 0.3% to $82.91 while gold traded down 1.4% at $2,324.20.
Silver traded down 2.8% to $26.62 on Tuesday, while copper fell 1.3% to $4.6155.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 slipped 0.1%, London's FTSE 100 rose 0.5% while Spain's IBEX 35 Index fell 1.7% The German DAX fell 0.5% French CAC 40 fell 0.2% while Italy's FTSE MIB Index fell 0.5%.
The annual inflation rate in the eurozone remained at 2.4% in April, in line with market estimates, while annual inflation rate in Italy slowed to 0.9% in April from 1.2% in the prior month. The annual inflation rate in France slowed to 2.2% in April from 2.3% in March, while producer prices in France declined 0.2% month-over-month in March. The French economy expanded by 0.2% quarter-over-quarter in the first quarter.
Consumer credit in the UK increased by £1.577 billion in March versus a revised £1.429 billion in the previous month. German economy grew by 0.2% in the first quarter following a 0.5% contraction in the prior period, while jobless rate in Germany remained at 5.9%for the fifth straight month in April. German retail sales rose by 1.8% month-over-month during March.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 adding 1.24%, Hong Kong's Hang Seng Index gaining 0.09%, China's Shanghai Composite falling 0.26% and India's S&amp;P BSE Sensex falling 0.25%.
Japan&#8217;s housing starts fell by 12.8% year-over-year in March following an 8.2% decline in the previous month. Retail sales in Japan climbed 1.2% year-over-year in March, while industrial production in rose 3.8% month-over-month in March.
The Caixin China General Manufacturing PMI rose to 51.4 in April versus 51.1 a month ago, while official NBS Manufacturing PMI declined to 50.4 in April from 50.8 in March.
Economics
<ul>
<li>The Chicago Business Barometer fell to 37.9 in April from 41.4 in the previous month.</li>
<li>The FHFA house price index rose 1.2% in February.</li>
<li>The S&amp;P CoreLogic Case-Shiller 20-city home price index rose by 7.3% year-over-year in February.</li>
<li>Compensation costs for civilian workers climbed by 1.2% during the first quarter.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/04/38520037/jim-cramer-rejects-illumina-as-its-not-well-run-recommends-buying-this-tech-stock-right-here-right-n&quot;">Jim Cramer Rejects Illumina As &#8216;It&#8217;s Not Well-Run,&#8217; Recommends Buying This Tech Stock &#8216;Right Here, Right Now&#8217;</a>

Dow Tumbles 200 Points; McDonald's Posts Downbeat Earnings

Global Mofy Metaverse shares are trading higher after the company's Gauss AI teamed with Heartdub to develop the Gausspeed generative AI platform.

MMM: 8.3% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38513863">3M shares are trading higher following a Q1 earnings beat, reversing after initially falling.</a>
CYCC: 103% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38516320">Cyclacel Pharmaceuticals shares are trading higher after the company announced that it filed Form RW with the SEC, withdrawing its registration statement on Form S-1. The company also announced an $8 million private placement.</a>
GMM: 62% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38517065">Global Mofy Metaverse and Heartdub Leverage NVIDIA Omniverse to develop Generative Video AI Platform GAUSSPEED</a>

Market-Moving News for April 30th

Global Mofy Metaverse Limited (the "Company" or "Global Mofy Metaverse") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>), a technology solutions provider engaged in virtual content production and the development of digital assets for use in the broader digital entertainment industry, today announced that its wholly-owned subsidiary, Gauss AI, has teamed up with Heartdub, a U.S.-based leader in physical simulation technology. Leveraging the power of NVIDIA Omniverse and NVIDIA RTX GPUs, they are jointly developing Gausspeed – a generative artificial intelligence (AIGC) platform designed for film production, video generation, and other content creation within the digital entertainment sector. &nbsp;
Developed over two years, Gausspeed, was designed from the outset to deeply integrate the NVIDIA Omniverse Cloud API, providing creators with a highly collaborative creative space. This integration significantly enhances cooperation and innovation within the creative ecosystem. The platform leverages the NVIDIA Omniverse and NVIDIA RTX GPU technologies, simplifying complex workflows, enhancing production efficiency, and bolstering collaboration within the entertainment industry. With advanced scene generation capabilities, Gausspeed enables directors and creators to preview prototype designs early in the project, allowing for precise planning and adjustments to ensure that every scene and shot aligns perfectly with the creator's vision. This promotes creative freedom and reduces production complexity.
As a comprehensive solution for industrial-grade film production, Gausspeed offers production teams greater control and predictability, fully meeting the stringent demands of the film and television industries. In the video demonstration (<a href="https://www.globenewswire.com/Tracker?data=T6aSDzNoZ7xi8c0SUk999pfgPQAra390UPWnspbK8CFxfCgt0djQ-u7NQW7G8wK76GoqO4r8li4atWxXYbutmA==">click here</a>), creators use Gausspeed to construct detailed virtual scenes, customize characters and objects, and then generate high-quality video sequences. This capability streamlines the workflow, allowing production teams to visualize scenes and make real-time adjustments, thus enhancing efficiency and collaboration.
Mr. Haogang Yang, CEO of Global Mofy Metaverse, stated, "As technology reshapes the entire filmmaking production process and entertainment experience, content creators face extensive challenges. Optimizing traditional workflows in digital entertainment through technological innovation to drive industry advancement is a shared goal among global film production companies, which represents a major opportunity and market expansion for us. Our strategic partnership with Heartdub gives us a competitive advantage, where we execute on a shared vision and leverage our combined resources and technologies, along with leaders like NVIDIA, to transform filmmaking, while creating meaningful near and long-term value for all of our shareholders."

Global Mofy Metaverse And Heartdub Leverage NVIDIA Omniverse To develop Generative Video AI Platform GAUSSPEED

<h3>Gainers</h3>
<ul>
<li>Onfolio Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONFO#NASDAQ">ONFO</a>) shares increased by 16.2% to $0.51 during Monday's pre-market session. The company's market cap stands at $2.6 million. </li>
<li>HWH International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) stock moved upwards by 12.12% to $1.48. The company's market cap stands at $24.0 million. </li>
<li>Loop Media (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LPTV#AMEX">LPTV</a>) stock increased by 8.8% to $0.32. The company's market cap stands at $22.6 million. </li>
<li>GD Culture Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDC#NASDAQ">GDC</a>) shares increased by 8.2% to $0.72. The company's market cap stands at $5.7 million. </li>
<li>Lytus Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYT#NASDAQ">LYT</a>) shares increased by 5.96% to $4.44. The market value of their outstanding shares is at $6.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>MediaCo Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDIA#NASDAQ">MDIA</a>) shares decreased by 11.4% to $2.02 during Monday's pre-market session. The company's market cap stands at $94.4 million. </li>
<li>Global Mofy Metaverse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares fell 6.95% to $0.83. The market value of their outstanding shares is at $23.6 million. </li>
<li>Fangdd Network Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares decreased by 5.46% to $0.36. The company's market cap stands at $1.3 million. </li>
<li>Trump Media &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares declined by 4.9% to $34.6. The company's market cap stands at $4.7 billion. </li>
<li>DouYu Intl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) stock declined by 4.47% to $7.7. The company's market cap stands at $246.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ONFO

10 Communication Services Stocks Moving In Monday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) stock increased by 11.8% to $0.45 during Friday's pre-market session. The company's market cap stands at $6.7 million. </li>
<li>TuanChe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TC#NASDAQ">TC</a>) shares rose 10.15% to $2.06. The company's market cap stands at $4.1 million. </li>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) shares moved upwards by 9.02% to $11.96. The market value of their outstanding shares is at $7.8 billion. </li>
<li>Lytus Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYT#NASDAQ">LYT</a>) stock moved upwards by 8.93% to $4.39. The market value of their outstanding shares is at $6.8 million. </li>
<li>Onfolio Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONFO#NASDAQ">ONFO</a>) stock moved upwards by 7.47% to $0.49. The company's market cap stands at $2.5 million. </li>
<li>Starbox Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STBX#NASDAQ">STBX</a>) stock moved upwards by 6.08% to $0.22. The market value of their outstanding shares is at $24.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>MediaCo Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDIA#NASDAQ">MDIA</a>) stock decreased by 9.2% to $2.47 during Friday's pre-market session. The company's market cap stands at $64.2 million. </li>
<li>Hanryu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRYU#NASDAQ">HRYU</a>) stock fell 6.6% to $0.55. The company's market cap stands at $29.0 million. </li>
<li>Global Mofy Metaverse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) stock declined by 6.57% to $0.82. The market value of their outstanding shares is at $23.4 million. </li>
<li>Baosheng Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAOS#NASDAQ">BAOS</a>) shares declined by 6.38% to $3.17. The market value of their outstanding shares is at $4.8 million. </li>
<li>Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) stock declined by 6.32% to $572.0. The company's market cap stands at $247.5 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Chicken Soup for the Soul (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) stock decreased by 4.93% to $0.14. The market value of their outstanding shares is at $4.3 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ASST

BAOS

NFLX

STBX

12 Communication Services Stocks Moving In Friday's Pre-Market Session

Global Mofy Metaverse Ltd. (GMM) has released an update. Global Mofy Metaverse Ltd. has announced the creation of a $69 million fund, in partnershi...

Global Mofy Metaverse Sets Up $69M Growth Fund

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The market rally is causing investors to become more and more aggressive recently, and I believe this trend could accelerate as the rally continues. Thus, it seems to be a good time to buy some speculative stocks. Sub-$1 <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> are as speculative as you can get in the stock market. It&rsquo;s not enough for the stock to be listed on any major exchange, so we&rsquo;re almost dealing with pure pink sheets here, except for two stocks.



These companies have very little information about them available online and are rarely covered by analysts. Regardless, if these companies land big contracts or capture a good amount of market share in their sectors, you can easily realize 10,000%-plus gains from them in a short amount of time. The inverse is also true, so you should be very careful about what you&rsquo;re putting your money into. You&rsquo;ll only find lottery tickers below $1.



So, let&rsquo;s explore the seven sub-$1 penny stocks that may be worthy of consideration. 



<h2>NamSys (NMYSF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/bonus-pay-money-300x169.jpg" alt="100 dollar bills being passed from one hand to the other. Can represent stimulus checks or payment. millionaire-maker stocks"><div>Source: Maryna Pleshkun/Shutterstock.com</div></div>NamSys Inc. (OTCMKTS:<a href="https://investorplace.com/stock-quotes/nmysf-stock-quote/">NMYSF</a>) provides cloud-based cash management and currency processing software solutions, primarily serving the banking and retail sectors in North America. It has a SaaS business model, which is driving robust recurring revenue growth.



The company <a href="https://www.google.com/finance/quote/CTZ:CVE" target="_blank">reported total revenue of 1.66 million CAD</a> for the quarter, up an impressive 9.3% year-over-year (YOY). Notably, recurring revenue from software subscriptions, hosted services and product support surged 9.2% to 1.64 million CAD. Its flagship Cirreon Smart Safe platform is also very sticky and has little customer churn. Additionally, gross margins expanded by 1.8 percentage points to a healthy 63%.



While the stock has treaded water over the past five years, NamSys&rsquo; accelerating financial momentum could be the catalyst to propel shares significantly higher going forward.



<h2>MariaDB (MRDB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/cloud1600c-300x169.jpg" alt="image of a cloud surrounded by various symbols related to internet connectivity and interaction"><div>Source: Shutterstock</div></div>MariaDB (NYSE:<a href="https://investorplace.com/stock-quotes/mrdb-stock-quote/">MRDB</a>) is a cutting-edge cloud database company providing businesses with an open-source relational database solution. MRDB&rsquo;s flagship product offers cross-cloud flexibility and universal accessibility that appeals to organizations of all sizes. Developers praise its intuitive design, adaptability and game-changing impact within the open-source domain. In fact, it&rsquo;s been <a href="https://mariadb.com/database-topics/mariadb-vs-mysql/" target="_blank">downloaded over one billion times to date</a> and has dethroned MySQL as the go-to in Linux distributions.



Despite a rocky five-year stock performance, MariaDB seems to be orchestrating an impressive turnaround in recent months. Shares have skyrocketed more than 100% year-to-date (YTD). So, if the company can sustain its current growth trajectory, this rally could still have plenty of runway ahead.



Admittedly, gaping losses have been MariaDB&rsquo;s Achilles heel in years past. However, management deserves kudos for slashing those deficits dramatically over the last three quarters. In Q1 of 2024, net losses <a href="https://www.google.com/finance/quote/MRDB:NYSE" target="_blank">narrowed</a> to $3.5 million from $17.6 million two quarters ago. Similarly, the operating cash burn was more than halved to $7.2 million.



Now, MariaDB is by no means out of the woods just yet. Liquidity concerns can&rsquo;t be brushed aside. But if the company continues executing on its streamlining initiatives while driving breakneck top-line expansion, MRDB could deliver big upside.



<h2>5G Networks (MLBEF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/global-earth-connections-mapped-300x169.jpg" alt="Global network of map points"><div>Source: Blue Planet Studio/Shutterstock.com</div></div>While the &ldquo;5G&rdquo; in its name may confuse some investors, the company actually has no relation to the 5G cellular standard rollout by telcos. Instead, 5G Networks (OTCMKTS:<a href="https://investorplace.com/stock-quotes/mlbef-stock-quote/">MLBEF</a>) is determined to be the one-stop-shop for Oceania businesses&rsquo; entire cloud and connectivity needs. The <a href="https://5gnetworks.au/news/webcentral-and-5g-networks-agree-to-merge/" target="_blank">merger with Webcentral</a> has created Australia&rsquo;s largest independent provider in this space. It now commands over 330,000 customers.



<a href="https://www.google.com/finance/quote/5GN:ASX" target="_blank">Revenues were 96.1 million AUD</a>, which was basically flat for all of 2023. However, the company trimmed losses by 23.57%. I believe it has enough cash to handle losses until it turns profitable since the company is already giving cash back to shareholders. Also, 5G Networks has announced the cancellation of 816,123 of its ordinary fully paid shares following an on-market buy-back process concluded on June 28, 2024. It repurchased a total of 3,678,256 ordinary fully paid shares on the previous trading day. This is part of a larger cumulative buy-back of 20,943,629 shares to date, as <a href="https://www.tipranks.com/news/company-announcements/5g-networks-limited-continues-share-buy-back-4" target="_blank">reported by TipRanks</a>.



I personally think this is a bit premature, given the company hasn&rsquo;t achieved profitability yet. However, it is still promising.



<h2>Zoomd Technologies (ZMDTF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/digital_marketing_16-300x169.png" alt="a photo of someone typing on a laptop on a wooden table with computer-related images"><div>Source: My Life Graphic/Shutterstock.com</div></div>Zoomd Technologies (OTCMKTS:<a href="https://investorplace.com/stock-quotes/zmdtf-stock-quote/">ZMDTF</a>) is a rising star in the marketing technology arena. Based on their latest earnings report, I believe this sub-$1 penny stock has the potential for explosive growth. The company&rsquo;s revenue <a href="https://zoomd.com/zoomd-technologies-reports-first-quarter-2024-financial-results/" target="_blank">increased by 16%</a> compared to the previous quarter, and profitability is finally within reach after six consecutive quarters of net losses.



Last year, management made tough but necessary strategic decisions to refocus the business. Those moves are clearly paying off. Operating profit surged nearly 950% quarter-over-quarter to $0.6 million. Adjusted EBITDA also skyrocketed by $1 million to reach $1.2 million. ZMDTF achieved this while keeping capital expenditures steady, showing an impressive ability to drive higher returns without overextending.



With a cash balance of $2.3 million and no long-term debt, Zoomd Technologies looks well-positioned to capitalize on the booming digital advertising market. Its unified user acquisition platform should see robust demand as more businesses shift ad dollars online.



<h2>OneMeta (ONEI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/software1600d-300x169.jpg" alt="A man examines a digital screen with different icons for software."><div>Source: Shutterstock</div></div>OneMeta (OTCMKTS:<a href="https://investorplace.com/stock-quotes/onei-stock-quote/">ONEI</a>) aims to break down global communication barriers with AI-powered software. The company reported a tiny revenue of <a href="https://www.google.com/finance/quote/ONEI:OTCMKTS" target="_blank">$5,387 for the first quarter of 2024</a>, a 70% increase compared to the same period last year.



Despite the losses, I believe OneMeta holds good potential. Their flagship product transforms smartphones into personal translators. This technology could revolutionize international communication. In April 2024, they <a href="https://www.accesswire.com/856368/onemeta-begins-translation-services-for-the-archdiocese-of-oklahoma-city" target="_blank">began</a> providing translation services for the Archdiocese of Oklahoma City. Also, they claimed to have reduced translation and transcription speed to under 200 milliseconds.



However, you should keep the risks in mind. The company operates in a competitive space, with tech giants heavily investing in translation technologies.



Nonetheless, OneMeta&rsquo;s stock has surged 117% over the past year. If the company can effectively scale its services and show a clear roadmap to profitability, I believe OneMeta could become a major player in the global communication space.



<h2>Skkynet Cloud Systems (SKKY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/cloud-computing-300x169.jpg" alt="an image of a cloud imprinted on a circuit board lit up by blue circuit lights. AVCT stock. cloud computing stocks"><div>Source: Blackboard / Shutterstock</div></div>Skkynet Cloud Systems (OTCMKTS:<a href="https://investorplace.com/stock-quotes/skky-stock-quote/">SKKY</a>) provides industrial companies with real-time data and cloud solutions. The market for these services is growing strongly due to the AI and machine learning boom. Startups like Skkynet Cloud Systems are well-positioned to benefit from this trend as more companies look to diversify their cloud operations beyond Big Tech providers.



In Q2 of fiscal year 2024, Skkynet&rsquo;s <a href="https://seekingalpha.com/filings/pdf/17621353" target="_blank">revenue increased 28% YOY to $601,806</a>. While still a small company, this growth is encouraging. However, losses did expand.



SKKY ended the quarter with $1.03 million in cash, up from $916,780 in October 2023. Its balance sheet looks clean, with minimal liabilities. Deferred revenue, a key indicator of future growth, stands at $372,451.



While still losing money, I&rsquo;m optimistic about the company&rsquo;s prospects in the fast-growing industrial cloud space. If it can continue scaling rapidly and win new enterprise contracts, we could see this sub-$1 stock deliver explosive returns in the coming years.



<h2>Global Mofy Metaverse (GMM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/metaverse-1600-300x169.png" alt="Illustration of the metaverse. A young boy wearing a VR headset is in the metaverse."><div>Source: PopTika / Shutterstock</div></div>Global Mofy Metaverse Limited (NASDAQ:<a href="https://investorplace.com/stock-quotes/gmm-stock-quote/">GMM</a>) is a technology solutions company focused on virtual content for the metaverse. While I see immense potential in this burgeoning industry, the metaverse remains a niche market that may be ahead of its time for mainstream adoption.



However, Global Mofy Metaverse&rsquo;s recent moves and financial results suggest it could be a pioneer in this space. The company&rsquo;s <a href="https://www.stocktitan.net/news/GMM/global-mofy-metaverse-launches-69-million-fund-with-strategic-rycf3kvnexo2.html" target="_blank">$69 million fund launch</a> could lead to aggressive growth.



Plus, I&rsquo;m optimistic about the partnership between GMM&rsquo;s subsidiary, Gauss AI, and Heartdub to develop a generative video AI platform, which could lead to something meaningful. Global Mofy Metaverse&rsquo;s record fiscal 2023 revenue of $26.9 million is pretty solid for a penny stock.



Regardless, the price is below Nasdaq&rsquo;s $1 minimum, so keep an eye out for a reverse split.



On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/7-sub-1-penny-stocks-with-10000-upside-potential/">7 Sub-$1 Penny Stocks With 10,000% Upside Potential</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Sub-$1 Penny Stocks With 10,000% Upside Potential

Global Mofy Metaverse Ltd. (GMM) has released an update. Global Mofy Metaverse Ltd. has established the Century Mofy Vocational Education Institute...

Global Mofy Launches AI Talent Academy

Global Mofy Metaverse Ltd. (GMM) has released an update. Global Mofy Metaverse Ltd., an AI-driven technology firm specializing in 3D content produc...

Global Mofy Expands Digital Asset Empire

Global Mofy Metaverse GAAP EPS of $0.36, revenue of $19.92M

Global Mofy Metaverse Ltd. (GMM) has released an update. Global Mofy Metaverse Ltd., a leader in AI-driven technology solutions for the digital con...

Global Mofy Reports Record Financial Growth

Global Mofy Metaverse Ltd. (GMM) has released an update. Global Mofy Metaverse Ltd. invites shareholders to the annual general meeting (AGM) on Aug...

Global Mofy Calls Shareholders for Key 2024 AGM Votes

Global Mofy Metaverse Ltd. (GMM) has released an update. Global Mofy Metaverse Limited's CEO, Haogang Yang, recently attended SIGGRAPH 2024, engagi...

Global Mofy Showcases Innovation at SIGGRAPH 2024

Global Mofy Metaverse Ltd. (GMM) has released an update. Global Mofy AI Limited has officially amended and restated its Memorandum and Articles of ...

Global Mofy AI Adopts New Corporate Structure

Global Mofy Metaverse Ltd. (GMM) has released an update. Global Mofy AI Limited has announced its 2024 Equity Incentive Plan, aiming to attract and...

Global Mofy Unveils 2024 Equity Incentive Plan

MLBEF

MRDB

NMYSF

ONEI

SKKY

ZMDTF

Press Releases

One of China's Leading Content Creators Selects Global Mofy for Upcoming TV Show

Global Mofy Metaverse and Heartdub Leverage NVIDIA Omniverse to develop Generative Video AI Platform GAUSSPEED

Global Mofy Metaverse Pioneers the "Next Generation" of Content Creation with Gausspeed

Global Mofy Metaverse Launches $69 Million Fund with Strategic Partners to Foster Growth Opportunities in the AI, Digital Economy and Entertainment Sectors

Global Mofy Establishes Vocational Education Institute to Meet Demand for Trained AI Talent

Global Mofy Reports YoY $9.8 million Increase in Net Income for the Six Months Ended March 31, 2024

Alert: Global Mofy Financial Results Webcast and Presentation Now Available

Global Mofy CEO Invited by NVIDIA China to Engage with Industry Leaders at SIGGRAPH 2024

Education

Global Mofy Showcases Generative AI Innovations at Major Recruitment Event in Ningxia and Attracts Emerging Talent

Haoxi Health Technology Limited and Global Mofy AI Ltd Announce Strategic Partnership to Innovate AI Marketing Solutions

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