First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ: RFEM)

Latest News for First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM)

First Trust RiverFront Dynamic Emerging Markets ETF

U.S. chipmaker&nbsp;Nvidia Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has&nbsp;<a target="_blank" href="https://wayve.ai/press/series-c/" rel="noreferrer noopener">joined&nbsp;</a>as a new investor in a $1.05 billion funding round for&nbsp;Wayve Technologies Ltd., a U.K. startup focused on advancing&nbsp;autonomous-driving&nbsp;technology.
The investment round, led by&nbsp;SoftBank Group Corp.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) and including contributions from existing investor&nbsp;Microsoft Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), highlights the ongoing interest in AI and bolsters the self-driving car sector, which has faced regulatory challenges.
Wayve aims to integrate its embodied intelligence technology into vehicles of various carmakers and fleet operators rather than owning or operating the cars directly, according to a report from&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-06/nvidia-backs-uk-self-driving-startup-wayve-in-1-billion-round?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
Embodied AI integrates advanced AI into vehicles and robots to transform how machines interact with, comprehend, and learn from human behavior in real-world environments, helping in&nbsp;greater&nbsp;usability and safety in autonomous driving systems.
CEO Alex Kendall plans to initially focus on driver-assist technology before advancing to fully autonomous vehicles, the report mentioned.
Talking about&nbsp;the company&#8217;s approach, Kendall emphasized Wayve&#8217;s goal of creating technology that learns driving rules independently, distinguishing it from competitors like&nbsp;Alphabet Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)&nbsp;Waymo.
Despite enthusiasm for autonomous driving, the sector has faced challenges.&nbsp;General Motors Co.&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) self-driving unit, Cruise, encountered setbacks, including an&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38426856/gm-unveils-plans-for-autonomous-driving-unit-cruise-relaunch-after-hiatus-expects-1-7b-in-expenses" rel="noreferrer noopener">accident in San Francisco.</a>
Similarly, Argo AI and&nbsp;Uber Technologies Inc.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) faced obstacles in their autonomous driving endeavors.
Wayve plans to utilize the raised funds to expand its team and computing capabilities.&nbsp;With&nbsp;previous investments totaling&nbsp;over $258 million, the startup aims to capitalize on commercial deals to achieve profitability.
According to Prime Minister Rishi Sunak, the funding signifies the U.K.&#8217;s prowess in AI, which the report mentioned.
The company&#8217;s growth strategy includes&nbsp;the establishment of&nbsp;a research center in Vancouver, supplementing its existing locations in London and Mountain View, California.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/38651075/microsoft-takes-on-google-and-openai-with-new-ai-model-report" rel="noreferrer noopener">Microsoft Takes On Google And OpenAI With New AI Model: Report</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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News

Media

General

GOOGL

MSFT

NVDA

SFTBY

UBER

Nvidia Joins $1.05B Wayve Funding, Advances Automated Driving

WIIM

LCID

Lucid shares are trading lower after the company reported mixed Q1 financial results.

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Celldex Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLDX#NASDAQ">CLDX</a>) with a Buy and maintains $80 price target.

Price Target

Reiteration

Analyst Ratings

CLDX

HC Wainwright & Co. Reiterates Buy on Celldex Therapeutics, Maintains $80 Price Target

FGEN

FibroGen shares are trading higher after the company reported mixed Q1 financial results.

Guidance

Energizer Sees FY24 Adj EPS Of $3.10 - $3.30 Vs. $3.21 Est.

GreenPower shares are trading lower after the company announced a proposed public offering of common shares and warrants.

EVER

EverQuote shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates.

OPAD

Offerpad Solutions shares are trading lower after the company reported mixed Q1 financial results and issued Q2 revenue guidance below estimates.

ZETA

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

Teradata shares are trading lower after the company reported mixed Q1 financial results and issued Q2 guidance.

Baird analyst Timothy Wojs maintains Tecnoglass (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGLS#NYSE">TGLS</a>) with a Outperform and lowers the price target from $65 to $64.

TGLS

Baird Maintains Outperform on Tecnoglass, Lowers Price Target to $64

COTY

Coty shares are trading higher after the company reported mixed Q3 financial results.

The Company&#39;s raised its&nbsp;outlook&nbsp;for 2024 in light of strong profitability in the&nbsp;first quarter&nbsp;and to incorporate the acquisitions completed to date in 2024.
<table>
<tbody>
<tr>
<td>2024</td>
<td colspan="3">Low</td>
<td colspan="3">High</td>
</tr>
<tr>
<td>Sales</td>
<td>$</td>
<td>5,400</td>
<td>$</td>
<td>5,600</td>
</tr>
<tr>
<td>Adjusted EBITDA&#x2A;</td>
<td>$</td>
<td>1,065</td>
<td>$</td>
<td>1,155</td>
</tr>
</tbody>
</table>

Earnings

TopBuild Raises 2024 Outlook: Now Expects Sales Of $5.4B-$5.6B (Prior $5.36B-$5.56B) Vs. $5.496B Consensus; Sees Adjusted EBITDA Of $1.065B-$1.155B

Mueller Water Products shares are trading higher after the company reported better-than-expected Q2 financial results and announced that Marietta Edmunds Zakas has been appointed Chief Executive Officer.

HC Wainwright &amp; Co. analyst Andres Maldonado maintains Day One Biopharmaceutical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAWN#NASDAQ">DAWN</a>) with a Buy and lowers the price target from $50 to $40.

DAWN

HC Wainwright & Co. Maintains Buy on Day One Biopharmaceutical, Lowers Price Target to $40

STRL

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

TTOO

T2 Biosystems shares are trading higher after the company reported mixed Q1 financial results and announced the execution of a territory exclusive distribution agreement in Qatar.

Fundamental Global shares are trading higher after the company announced the acquisition of Strong/MDI Screen Systems by FG Acquisition Corp. at a $30 million valuation.

Waters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAT#NYSE">WAT</a>) reported quarterly earnings of $2.21 per share which beat the analyst consensus estimate of $2.10 by 5.24 percent. The company reported quarterly sales of $636.839 million which beat the analyst consensus estimate of $635.578 million by 0.20 percent. This is a 6.99 percent decrease over sales of $684.674 million the same period last year.

Earnings Beats

Waters Q1 2024 Adj EPS $2.21 Beats $2.10 Estimate, Sales $636.839M Beat $635.578M Estimate

Fabrinet shares are trading higher after the company reported better-than-expected Q3 financial results and issued Q4 adjusted EPS guidance above estimates.