The post 1.5M+ People Spend Their Work Week In Headsets. The Company Behind It Is Soon Closing Its Round for Retail Investors by Benzinga Contributors appeared first on Benzinga . Visit Benzinga to get more great content like this. Most private tech startups sell you promises and hype. Immersed is delivering real-world results. It built the #1 work app on Meta Quest, where 1.5M+ professionals are ...
The post 1.5M+ People Spend Their Work Week In Headsets. The Company Behind It Is Soon Closing Its Round for Retail Investors by Benzinga Contributors appeared first on Benzinga . Visit Benzinga to get more great content like this. Most private tech startups sell you promises and hype. Immersed is delivering real-world results. It built the #1 work app on Meta Quest, where 1.5M+ professionals are logging up to 60 hours a week inside virtual offices. “I can’t emphasize enough how big a deal it was to find a place to focus in virtual reality,” a longtime tech reporter wrote in their review of Immersed. “The fact that VR cuts you off from the world always seemed to be a bug, not a feature. Now, I realize it can be both.” That kind of sustained use is rare. Here’s what that looks like in numbers: Over 2,000 cumulative years worked inside the platform $7M+ in revenue generated $29M raised from 7,000+ investors 75,000+ professionals on the hardware waitlist This isn’t based on assumptions. The usage is already there. “I have a choice between being in a public space, grabbing a collab room with some friends or just going solo in my own space,” one Redditor wrote of Immersed. “The community has been very supportive and I’ve made a lot of friends along the way.” Now, the company is building on that foundation. $71M in projected hardware demand Partnerships with Meta, Samsung, and Qualcomm You can still invest at $0.72/share. Early investors include Tim Tebow and executives from Facebook, Reddit, Intel, and SailPoint. An investment opportunity you don’t want to miss Immersed changed the game in Spatial Computing (AR/VR), developing the Meta Quest store’s most-used AR/VR productivity app. They develop enterprise-grade software that enables professionals and teams to work full-time in shared virtual environments using AR/VR, supporting multiple virtual hi-res displays, real-time collaboration, and seamless integration across macOS, Windows, and Linux. But that’s not all. Immers...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. It has been a resilient day for the markets . The AI and tech trade was under significant pressure at the open following sharp post-earnings pullbacks in Club stocks Broadcom and CrowdStrike . We thought both quarters were solid...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. It has been a resilient day for the markets . The AI and tech trade was under significant pressure at the open following sharp post-earnings pullbacks in Club stocks Broadcom and CrowdStrike . We thought both quarters were solid, but the upside on each was not enough to keep their parabolic rallies going. Money didn't leave the market; it found other areas. As tech suffered, healthcare, financial, and communication services had strong sessions, supporting a big rally in the Dow Jones Industrial Average . During the session, investors realized that what happened to Broadcom and CrowdStrike was not a change in their long-term growth stories. Instead, it was a matter of expectations getting ahead of fundamentals . As those expectations reset and the market got more comfortable that the theses were unchanged, both stocks and the broader AI group rebounded some from their earlier lows, pushing the S & P 500 firmly into the green. Even the tech-heavy Nasdaq made it into positive territory. Costco delivered another strong month of sales . U.S. comparable sales increased 8.7% in May, reaching their highest levels in over a year. A great showing in sales was driven by 3.7% growth in traffic, a robust acceleration from the trailing 12-month average of 2.8%. Costco has been a beneficiary of higher gasoline prices as consumers flock to the membership-only retailer to save up to 20 to 30 cents per gallon, which translates to hefty savings in this inflationary economy. It also attracts more in-store visitors, naturally bolstering sales. The Club stock was up 2% on the week, clawing back about half of Friday's post-earnings pullback . Earnings are light for the rest of the week . Lululemon and DocuSign are out with their quarters after Thursday's closing bell. While there are no major earnings reports before the...
Bloomberg Television's Romaine Bostick sits down with Nike Global Football Vice President Camilo Andrade to discuss the company's strategy around the FIFA World Cup 2026, international expansion opportunities, and the leadership of CEO Elliott Hill. (Source: Bloomberg)
Bloomberg Television's Romaine Bostick sits down with Nike Global Football Vice President Camilo Andrade to discuss the company's strategy around the FIFA World Cup 2026, international expansion opportunities, and the leadership of CEO Elliott Hill. (Source: Bloomberg)
Kris Mayes, Arizona's attorney general, speaks to members of the media outside the US Supreme Court in Washington, DC, US, on Wednesday, Nov. 5, 2025. Eric Lee | Bloomberg | Getty Images The Arizona Supreme Court has denied a prosecutor's appeal of an order that the state's fake elector case against President Donald Trump's former chief of staff Mark Meadows, former New York City Mayor Rudy Giulia...
Kris Mayes, Arizona's attorney general, speaks to members of the media outside the US Supreme Court in Washington, DC, US, on Wednesday, Nov. 5, 2025. Eric Lee | Bloomberg | Getty Images The Arizona Supreme Court has denied a prosecutor's appeal of an order that the state's fake elector case against President Donald Trump's former chief of staff Mark Meadows, former New York City Mayor Rudy Giuliani and others over the 2020 presidential election be sent back to a grand jury. The decision released Thursday marks another setback for Democratic Attorney General Kris Mayes as she struggles to push the sprawling case through the courts. Mayes' office said it will again present the case in its entirety to a grand jury rather than end the prosecution. Her office declined to comment further on the court's decision. The ruling came after similar cases in Michigan and Georgia were dismissed by the courts and a special prosecutor dropped a federal case in late 2024 that charged Trump with conspiring to overturn the 2020 election. Cases related to the fake elector scheme remain in Arizona, Nevada and Wisconsin. A lower-court judge in Phoenix concluded in May that the case's first grand jury hadn't been shown the text of the Electoral Count Act, a 19th century law that governs the certification of presidential contests and was invoked by those charged in defending themselves. Defense lawyers argued the law allowed for multiple slates of electors to be submitted to Congress in case the results were disputed, though it was amended in 2022 to specify that a state could put forward only one slate of electors and that it was the governor who would sign off. Mark L. Williams, an attorney representing Giuliani, applauded the court's decision and questioned whether Mayes' office will carry through on its promise to bring the case back to the grand jury. "In my mind, the whole thing is meritless," Williams said. "Mr. Giuliani has done nothing wrong." There has been no movement in the Ari...
Bloomberg's Katie Greifeld and Olivia Fishlow speak with Jason Dillow, co-head of US private credit & head of US opportunistic credit at Man Group, on "Bloomberg Real Yield." Cliffwater, Blackstone, and Partners Group all capped certain fund redemptions this week. The moves put private markets back into the spotlight. (Source: Bloomberg)
Bloomberg's Katie Greifeld and Olivia Fishlow speak with Jason Dillow, co-head of US private credit & head of US opportunistic credit at Man Group, on "Bloomberg Real Yield." Cliffwater, Blackstone, and Partners Group all capped certain fund redemptions this week. The moves put private markets back into the spotlight. (Source: Bloomberg)
DKosig Hyliion Holdings Corp. ( HYLN ) rallied 16% on Thursday and is now up more than 250% over the last six weeks. The stock carved out a new 52-week high of $7.60 earlier in the session. On May 19, the company announced that the U.S. Navy's Office of Naval Research, in partnership with the Defense Advanced Research Projects Agency, has selected the USX-1 Defiant as a candidate test vessel for i...
DKosig Hyliion Holdings Corp. ( HYLN ) rallied 16% on Thursday and is now up more than 250% over the last six weeks. The stock carved out a new 52-week high of $7.60 earlier in the session. On May 19, the company announced that the U.S. Navy's Office of Naval Research, in partnership with the Defense Advanced Research Projects Agency, has selected the USX-1 Defiant as a candidate test vessel for its Karno technology, which is currently undergoing land-based testing and development using simulated U.S. Navy load profiles. For the USX-1 Defiant sea trials, Hyliion will deliver a drop-in 800 KW power system consisting of four 200 KW KARNO Cores in a keel-cooled configuration. The modular architecture is designed to demonstrate reliable, low-maintenance power generation for an unmanned vessel, where onboard servicing is not available. Trials are aimed at highlighting KARNO technology’s inherent scalability and redundancy, with power units that can be distributed across the ship to support mission reliability. During Hyliion's ( HYLN ) recent earnings conference call, management said the company is seeing strong and growing demand from data center customers. It was noted that the need for on-site, fuel-flexible power generation is becoming increasingly important, and Hyliion ( HYLN ) is actively engaging with the leading players in the market. The recent rally for Hyliion ( HYLN ) has pushed its market cap back over the $1B level. More on Hyliion Holdings Hyliion Holdings Corp. 2026 Q1 - Results - Earnings Call Presentation Hyliion Holdings Corp. (HYLN) Q1 2026 Earnings Call Transcript Hyliion Holdings: KARNO Remains A Show Me Story - Hold Hyliion Holdings extends rally and is up +80% since earnings Hyliion targets $40M-$50M in additional military contracts in 2026 while reaffirming ~$10M revenue outlook
Nektarstock/iStock via Getty Images Constellium ( CSTM ) has had a great first half of the year so far. The stock is up nearly 83% on the back of greater aluminum pricing and hot end market demand for engineered products. The company has simply been at the right place at the right time as aluminum prices have moved back to the 2022 highs. Going forward, I see scope for a material Q2 beat, driven b...
Nektarstock/iStock via Getty Images Constellium ( CSTM ) has had a great first half of the year so far. The stock is up nearly 83% on the back of greater aluminum pricing and hot end market demand for engineered products. The company has simply been at the right place at the right time as aluminum prices have moved back to the 2022 highs. Going forward, I see scope for a material Q2 beat, driven by both better shipments across the company's three primary operating segments as well as better sequential aluminum pricing. Lower input costs, too, should help enable positive seasonality on margins that drives a strong earnings beat. I initiate coverage with a Buy. The Value-Added Producer Constellium is a value-added aluminum producer. This means the company effectively processes aluminum and creates engineered products. Given the technical expertise required to do this, there is less of a true commodity gearing. The company organizes its reporting structure by end market. Constellium has three operating segments: A&T, P&ARP, and AS&I. A&T stands for Aerospace and Transportation, and P&ARP stands for Packaging and Automotive Rolled Products, which primarily produces rolled aluminum sheet used in packaging/cans and auto body sheet. AS&I stands for Automotive Structures and Industry, which includes a wide variety of industrial applications. A&T represents 23% of sales and 47% of EBITDA, P&ARP represents 60% of sales and 49% of EBITDA, AS&I represents 19% of sales and 10% of EBITDA, and there is a catch-all corporate expense bucket worth -6% of EBITDA. When broken down further, Aerospace specifically represents 13% of sales, Packaging represents 44% of sales, Automotive represents 26% of sales, and Other Specialties is the balance at 17%. The company's outlook for each of its end markets is critically important and worth exploring further. Aerospace demand is generally highly supportive as aluminum destocking appears to be easing. With aerospace budgets ticking up from the ...
Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, joins Katie Greifeld on "Bloomberg Real Yield." They discuss Friday's US jobs report and the path forward for new Fed Chair Kevin Warsh. (Source: Bloomberg)
Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, joins Katie Greifeld on "Bloomberg Real Yield." They discuss Friday's US jobs report and the path forward for new Fed Chair Kevin Warsh. (Source: Bloomberg)
Jutharat Pinpan/iStock via Getty Images The global Edge AI market is set to explode in growth in the next few years, with estimates that it could grow from $11.8 billion in 2025 to $56.8 billion by 2030 on a global scale. This means that the companies that position themselves in this market effectively could enjoy outsized benefits from this growth. I believe that Blaize Holdings, Inc. ( BZAI ) is...
Jutharat Pinpan/iStock via Getty Images The global Edge AI market is set to explode in growth in the next few years, with estimates that it could grow from $11.8 billion in 2025 to $56.8 billion by 2030 on a global scale. This means that the companies that position themselves in this market effectively could enjoy outsized benefits from this growth. I believe that Blaize Holdings, Inc. ( BZAI ) is one of those companies, and given its current share price and the pressure those shares have been under, I feel that it is one of the most overlooked names: Data by YCharts Now, Blaize has announced a partnership with Winmate (TPE: 3416) to bring rugged Edge AI to the global stage. Let's explore a bit more about this partnership and what it could mean for Blaize. The Strategic Partnership Between Blaize And Winmate The two companies initially announced their partnership in April 2026, with the CEOs of both companies offering their thoughts on the collaboration. In the press release , Ken Lu, CEO and Chairman of Winmate Inc., stated the following: Edge AI is no longer a technological trend—it is a structural shift in where and how intelligence is deployed. Real-world environments do not wait for connectivity or cloud round-trips. This collaboration is about ensuring that AI-powered decisions happen at the moment and place they are needed most. The two companies are working hand-in-hand to provide Edge AI solutions for use cases that are often overlooked by the broader market. While so much of the market is focused on the consumer use of AI technologies, these two companies prefer to zero in on other applications, such as: Mobile Command and Control Units. Border Security. Maritime Domain Awareness. Remote Healthcare Applications. In other words, they provide Edge AI solutions to the people and institutions that help keep the country safe and healthy. It is a different mission than what so many other companies focus on, but that is precisely what makes it so valuable. I feel...
In this video, I will cover Broadcom (NASDAQ: AVGO), CrowdStrike, and Palo Alto Networks' earnings reports and explain why these stocks are down. As well as covering the recent news regarding Meta and Microsoft. Watch the short video to learn more, consider subscribing, and click
In this video, I will cover Broadcom (NASDAQ: AVGO), CrowdStrike, and Palo Alto Networks' earnings reports and explain why these stocks are down. As well as covering the recent news regarding Meta and Microsoft. Watch the short video to learn more, consider subscribing, and click
Earnings Call Insights: PVH Corp. (PVH) Q1 2026 Management view "For the first quarter, we achieved our guidance across all key metrics and delivered EPS above our guidance." (CEO & Director Stefan Larsson) "Total revenue for the quarter was $2 billion, up 2% on a reported basis... and down 2% in constant currency." (CEO Larsson) "We grew our direct-to-consumer business 3% in constant currency... ...
Earnings Call Insights: PVH Corp. (PVH) Q1 2026 Management view "For the first quarter, we achieved our guidance across all key metrics and delivered EPS above our guidance." (CEO & Director Stefan Larsson) "Total revenue for the quarter was $2 billion, up 2% on a reported basis... and down 2% in constant currency." (CEO Larsson) "We grew our direct-to-consumer business 3% in constant currency... driven by strength in e-commerce." (CEO Larsson) "Wholesale was down mid-single digits in constant currency... together with cautious partner positioning." (CEO Larsson) "We delivered flat gross margins in the quarter versus last year... [and] an operating margin of 6.5% for Q1." (CEO Larsson) "Inventory levels, down 5% versus last year" and "completing more than 140 refurbishments and new store openings combined." (CEO Larsson) "We now expect the company to be flat for the full year and down slightly in constant currency." (CEO Larsson) "We are reaffirming our full year EBIT margin and EPS guidance, which includes offsets from tariff refunds." (CEO Larsson) "For the first quarter, we delivered 2% reported revenue growth... Operating margin was 6.5%... EPS was better than our plan, primarily driven by lower tax and interest expense." (Interim CFO & EVP Melissa Stone) Outlook "Taken together, we continue to expect EPS in a range of $11.80 to $12.10." (Interim CFO Stone) "As a result of our revised expectations related to the Middle East conflict, we are revising our reported revenue guidance to approximately flat to the prior year" and "constant currency revenue guidance to down slightly." (Interim CFO Stone) "Our operating margin outlook remains unchanged at approximately 8.8%." (Interim CFO Stone) "Regionally, we now expect revenue for our EMEA region will decrease mid-single digits in constant currency" while "Americas and APAC remains unchanged" with PVH continuing "to expect to grow in both businesses." (Interim CFO Stone) "Our outlook now also includes an approximately...
Ollie Robinson takes three wickets in his first over for England in more than two years to breathe life into their post-Ashes rebuild on day one of the first Test against New Zealand.
Ollie Robinson takes three wickets in his first over for England in more than two years to breathe life into their post-Ashes rebuild on day one of the first Test against New Zealand.