Wearable Devices Ltd.
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Nasdaq Surges Over 100 Points; Chewy Shares Fall After Q2 Results
Benzinga· 2025-09-10 14:20
Market Overview - U.S. stocks showed mixed performance with the Nasdaq Composite gaining over 100 points, while the Dow decreased by 0.17% to 45,632.29 and the S&P 500 rose by 0.64% to 6,554.06 [1] - Information technology shares increased by 2.2% on the same day [1] Company Performance - Chewy, Inc. (CHWY) shares fell approximately 14% after reporting second-quarter results, with adjusted earnings of 33 cents per share, exceeding market estimates of 14 cents, and quarterly sales of $3.104 billion, surpassing expectations of $3.080 billion [3] Commodity Market - Oil prices rose by 1.3% to $63.46, while gold increased by 0.2% to $3,689.50. Silver and copper also saw gains of 0.7% to $41.630 and 0.3% to $4.5845, respectively [5] European Market - European shares experienced an upward trend, with the eurozone's STOXX 600 rising by 0.3% and Spain's IBEX 35 Index increasing by 1.3% [6] Asian Market - Asian markets closed higher, with Japan's Nikkei 225 gaining 0.87% and Hong Kong's Hang Seng rising by 1.01% [7] Notable Stock Movements - Wearable Devices Ltd. (WLDS) shares surged by 412% to $5.20 following a year-over-year increase in H1 EPS results and a new patent announcement [8] - Cuprina Holdings (Cayman) Limited (CUPR) shares increased by 212% to $2.19 after announcing exclusive licensing rights for medical waste recycling technology [8] - YY Group Holding Limited (YYGH) shares dropped by 61% to $0.3674 after pricing a registered offering of ordinary shares and warrants [8]
Stock Market Today: Dow Futures Slip, S&P 500 Rises Ahead Of August PPI Data—Chewy, GameStop, Oracle In Focus - SPDR S&P 500 (ARCA:SPY)
Benzinga· 2025-09-10 09:46
Market Overview - U.S. stock futures showed mixed performance following record highs on Tuesday, with investors awaiting crucial inflation data [1][2] - The 10-year Treasury bond yielded 4.08%, while the two-year bond was at 3.54%, indicating market expectations for interest rate cuts by the Federal Reserve [2] Sector Performance - Most sectors in the S&P 500 closed positively, with utilities, health care, and communication services leading gains, while materials and industrials lagged [4] - UnitedHealth Inc. saw a significant increase of over 8% due to positive outlooks for its Medicare Advantage business [6] Economic Data and Forecasts - The Bureau of Labor Statistics revised nonfarm payroll jobs downward by 911,000, suggesting a cooling labor market earlier than expected, which may influence Federal Reserve rate decisions [5] - Analysts at LPL Financial predict further gains for the U.S. stock market, citing historical trends that show an average gain of 16.2% in the year following market corrections [9] Emerging Markets Insights - BlackRock Investment Institute emphasizes a selective approach to emerging markets, identifying key drivers such as a weaker U.S. dollar and stable macro conditions [11] - The firm highlights the benefits of global supply chain changes for countries like Mexico and Vietnam, while Taiwan and South Korea are pivotal in AI semiconductor developments [12] Company-Specific Movements - Chewy Inc. rose 3.92% ahead of its earnings report, with estimates of $3.08 billion in revenue [14] - Oracle Corp. surged 28.86% despite missing earnings estimates, attributed to a significant backlog increase of 359% to $455 billion [14] - GameStop Corp. jumped 8.01% following strong second-quarter earnings and a special dividend announcement [14] - Cuprina Holdings Ltd. experienced a dramatic increase of 254.70% after securing licensing rights for medical waste recycling technology [14] Commodities and Global Markets - Crude oil futures increased by 1.07% to approximately $63.30 per barrel, while gold prices rose 0.54% to around $3,645.78 per ounce [16]
Stock Market Today: Dow Futures Slip, S&P 500 Rises Ahead Of August PPI Data—Chewy, GameStop, Oracle In Focus
Benzinga· 2025-09-10 09:46
Market Overview - U.S. stock futures showed mixed performance following record highs on Tuesday, with investors awaiting crucial inflation data [1][2] - The 10-year Treasury bond yielded 4.08%, while the two-year bond was at 3.54%, indicating market expectations for a Federal Reserve interest rate cut [2] Sector Performance - Most sectors in the S&P 500 closed positively, with utilities, health care, and communication services leading gains, while materials and industrials lagged [4] - UnitedHealth Inc. saw a significant increase of over 8% due to positive outlooks for its Medicare Advantage business [6] Economic Data and Forecasts - The Bureau of Labor Statistics revised nonfarm payroll jobs downward by 911,000, suggesting a cooling labor market earlier than expected, which may influence Federal Reserve rate decisions [5] - Analysts at LPL Financial project further gains for the U.S. stock market, citing historical trends that show an average gain of 16.2% in the year following a market correction [9] Company Highlights - Chewy Inc. is expected to report earnings of 14 cents per share on revenue of $3.08 billion, with its stock rising 3.92% in premarket trading [14] - Oracle Corp. surged 28.86% despite missing earnings estimates, attributed to a significant backlog increase of 359% to $455 billion [14] - GameStop Corp. jumped 8.01% following strong second-quarter earnings and a special dividend announcement [14] Emerging Markets Insights - BlackRock emphasizes a selective approach to emerging markets, identifying key drivers such as a weaker U.S. dollar and stable macro conditions [11][12] - The firm holds a strategic overweight in emerging markets, particularly highlighting India's potential for growth in the digital economy [13]
Why Oracle Shares Are Trading Higher By Around 30%; Here Are 20 Stocks Moving Premarket - Antelope Ent Hldgs (NASDAQ:AEHL), Asset Entities (NASDAQ:ASST)
Benzinga· 2025-09-10 09:29
Core Insights - Oracle Corporation's shares rose significantly in pre-market trading following the release of its first-quarter results, despite missing earnings and revenue estimates [1][2] Financial Performance - Oracle reported quarterly earnings of $1.47 per share, slightly below the analyst consensus estimate of $1.48 [1] - Quarterly revenue was $14.92 billion, missing the Street estimate of $15.03 billion, but showing an increase from $13.3 billion in the same period last year [1] Market Reaction - Oracle's shares jumped 29.6% to $312.96 in pre-market trading [2] - Other stocks also experienced notable movements in pre-market trading, with some gaining over 300% [5]
NetworkNewsAudio Announces Audio Press Release (APR) on Expanding Neural Tech Leadership in Booming AI Wearables Market
GlobeNewswire News Room· 2025-08-07 12:30
Core Insights - Wearable Devices Ltd. is positioned as a leading innovator in the AI-powered wearables market, which is expected to grow from $21.2 billion in 2022 to over $260 billion by 2032, driven by its proprietary neural input technology [1][2] - The company's flagship products, the Mudra Link wristband and LMM platform, facilitate intuitive, touchless control of digital devices, enhancing user interaction with AR/VR headsets, smart devices, and healthcare applications [1][3] - Recent advancements include new U.S. patents for voice and gesture-controlled interfaces and a strategic partnership with Media Exceed to expand into the Japanese market [1][2] Company Strategy - Wearable Devices is aligning its strategy to cater to both consumer and enterprise demands, with a phased product rollout and international distribution plan [2][4] - The company's neural tech platform integrates gesture-based control, ambient computing, and predictive health tracking, providing a competitive edge in the market [2][4] - Operating through a dual-channel model of direct-to-consumer sales and enterprise licensing, the company aims to enhance user experiences in gaming, productivity, and extended reality (XR) [4] Product Offerings - The Mudra Band and Mudra Link are defining the neural input category for wrist-worn devices and brain-computer interfaces, enabling touch-free control across multiple operating systems [3][4] - The company is setting the standard for neural input in the XR ecosystem, shaping the future of user experiences in rapidly growing tech markets [4]
Wearable Devices Awarded Continuation Patent Covering Neural Gesture Interface Advancements
GlobeNewswire News Room· 2025-08-04 13:00
Core Viewpoint - Wearable Devices Ltd. has been granted a continuation patent that enhances its gesture recognition technology, allowing for more intuitive and touchless control in various digital ecosystems, including AR and smart devices [1][4][5]. Group 1: Patent and Technology - The newly granted patent expands the protection around the company's neural interface technologies, reinforcing its leadership in user interactions [1][4]. - The patent introduces a method to accurately extract start and end points from continuous gestures, enabling seamless control gestures without physical contact or voice triggers [3][4]. - This innovation aims to improve user experience by eliminating the need for clunky workarounds often found in traditional gesture-based systems [2][3]. Group 2: Company Vision and Market Position - The continuation patent supports the company's vision of creating a world where natural human intent seamlessly integrates with digital systems, enhancing user experiences [5]. - Wearable Devices is positioned as a pioneering growth company in human-computer interaction, leveraging AI-powered neural input technology for both consumer and business markets [6]. - The company offers products like the Mudra Band and Mudra Link, which enable touch-free interaction and are designed for the expanding AR/VR/XR markets [6].
Wearable Devices Secures U.S. Patent for Combined Voice and Gesture Control
Globenewswire· 2025-04-23 12:15
Core Insights - Wearable Devices Ltd. has received approval for a new patent titled "Gesture and Voice-Controlled Interface Device," enhancing its intellectual property portfolio and protecting its innovations in wearable bio-potential sensors [1][2] - The patented technology integrates gesture recognition with voice control, allowing for personalized user experiences and secure interactions through neural and voice-based authentication [2][4] Group 1: Patent and Technology - The newly allowed patent enables hands-free interaction across various applications, such as navigating maps and controlling smart home devices using gestures and voice commands [3][4] - In multi-user environments, the technology can recognize individual users through unique gesture and voice signatures, providing tailored experiences [3] Group 2: Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, with products like the Mudra Band and Mudra Link that facilitate intuitive controls through subtle movements [5] - The company operates a dual-channel business model, focusing on direct-to-consumer sales and enterprise licensing, aiming to redefine user experiences in the rapidly growing XR market [5]
Wearable Devices to Expand AI-Powered Bio-Signal Intelligence with LMM for Health Monitoring Potential Uses
Globenewswire· 2025-03-24 12:45
Core Insights - Wearable Devices Ltd. is expanding its Large Motor Unit Action Potential Model (LMM) into new markets such as predictive health monitoring and cognitive state analytics, providing real-time physiological insights for health and wellness monitoring [1][2][4] - The LMM technology is designed to continuously learn and adapt, transforming muscle activity signals into actionable insights, which will support the company's entry into health monitoring [3][5] - The company aims to commercialize LMM and establish strategic partnerships in the health sector, reinforcing its position in bio-signal intelligence and neural interface technology [4][5] Technology and Applications - LMM represents a shift from passive monitoring to proactive intelligence, allowing for continuous learning and adaptation of muscle activity signals [3] - The technology is being evaluated for real-world applications, including predictive health monitoring, cognitive state analytics, and performance optimization in various domains [3][6] - Potential applications include detecting early signs of health conditions, monitoring cognitive states like focus and fatigue, and developing custom applications for healthcare and sports [6] Business Model and Market Position - Wearable Devices operates a dual-channel business model, offering both direct-to-consumer sales and enterprise licensing, with products like the Mudra Band and Mudra Link [7] - The company is focused on redefining user experiences in the XR market and driving innovation in the rapidly growing tech sector [7] - By leveraging its AI-powered bio-signal data platform, the company aims to provide businesses with tools to enhance safety, performance, and productivity [6][7]
Wearable Devices Expands to Next-Gen Neural Interaction for Everyday Life After Securing Patent in the United States
Globenewswire· 2025-03-17 11:45
Core Insights - Wearable Devices Ltd. has received a notice of allowance for its patent application titled "Gesture and Voice-Controlled Interface Device" from the United States Patent and Trademark Office, which protects its innovative neural measurement technology for various applications [1][5] Group 1: Patent and Technology - The patent covers the company's gesture-controlled interface that can measure real-world physical properties such as weight, torque, and force from the wrist [2] - The technology has multiple applications, particularly in enhancing the experience for individuals with severe disabilities, improving productivity in logistics and industrial settings, and increasing immersion in virtual environments [3] Group 2: Intellectual Property Strategy - The patent is part of the company's broader intellectual property strategy aimed at expanding its core IP globally, allowing for real-time adaptation to future market changes [4] Group 3: Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, transforming subtle movements into intuitive controls for consumer and business markets [6] - The company operates a dual-channel business model, offering direct-to-consumer sales and enterprise licensing, with products like the Mudra Band and Mudra Link enhancing user experiences in gaming and XR environments [6]
Wearable Devices Ltd. Announces 1-for-4 Reverse Stock Split
Globenewswire· 2025-03-13 11:00
Core Viewpoint - Wearable Devices Ltd. announced a one-for-four reverse share split of its ordinary shares and tradable warrants, effective March 17, 2025, to enhance its stock price and marketability [1][2]. Group 1: Reverse Share Split Details - The reverse share split was approved by shareholders on February 26, 2025, and will adjust the number of issued and outstanding ordinary shares from approximately 3,939,911 to about 984,978, and warrants from 393,043 to 98,261 [2][3]. - The reverse share split will not change any shareholder's percentage ownership interest, except for minor adjustments related to fractional shares [3]. - No fractional ordinary shares or warrants will be issued; instead, they will be rounded to the nearest whole share or warrant [3]. Group 2: Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, focusing on enhancing human-computer interaction through innovative products like the Mudra Band and Mudra Link [5]. - The company operates a dual-channel business model, including direct-to-consumer sales and enterprise licensing, targeting both consumer and business markets [5]. - Wearable Devices aims to redefine user experiences in the rapidly growing AR/VR/XR sectors by leveraging proprietary sensors and advanced AI algorithms [5].