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☆ Palmer Luckey's Anduril debuts autonomous attack drone in new video
▼ + stars: | 2024-10-11 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Anduril Industries debuted its AI-powered Bolt-M drone, which fits in a backpack. A new video shows the Bolt-M drone's AI abilities in action. Anduril Industries, cofounded in 2017 by Oculus founder Luckey, unveiled its Bolt and Bolt-M drones in a YouTube video on Thursday. The Bolt drone, seen in the video hovering above targets, is meant to use AI to autonomously track targets. AdvertisementAnduril did not immediately return a request for comment from Business Insider about the Bolt and Bolt-M drone reveal.

Persons: Palmer Luckey, Anduril, —, Palmer, Luckey, Chris Brose, DefenseScoop, Brose, Donald Trump, Meta Organizations: Anduril Industries, Service, Industries, Business, Marine Corps, US Air Force, Department of Defense, Teledyne, Roadrunner, Meta

☆ More US and European defense companies are setting up operations in Ukraine as the war rages on
▼ + stars: | 2024-10-03 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Western defense companies are increasingly setting up operations on Ukrainian soil. They add to a growing Western defense presence in the country. AdvertisementUS and European defense companies are increasingly setting up operations in Ukraine, with the brutal war raging on and presenting plenty of opportunities. And an unnamed US State Department official told Defense One that more American defense companies seem interested in establishing themselves in Ukraine. Russia's invasion of Ukraine has been a major boost for Western defense companies, with many nations increasing their defense spending.

Persons: —, CAESAR, Rustem Umerov Organizations: Service, Kyiv Independent, Rheinmetall, Lynx, US State Department, Defense, Washington DC, for, West, Center for Strategic, International Studies Locations: Ukraine, Russia, Kyiv, Ukraine's, Ukrainian, American, Virginia, Washington

☆ Stocks making the biggest moves midday: Micron, Tesla, Ulta, Intel and more
▼ + stars: | 2024-09-23 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Micron Technology — Micron edged 2.7% higher after JPMorgan reiterated the stock as overweight ahead of the memory chipmaker's earnings, which are expected Wednesday after market close. Monday's gain put the stock on track for its biggest advance since Aug. 28, when it popped 9%. Ulta — The cosmetics stock lost more than 3% after a downgrade to hold from buy at TD Cowen. Biohaven — Shares surged 12% after the clinical-stage pharma company announced positive trial data for its drug treating spinocerebellar ataxia known as troriluzole. Intel — Shares of the struggling chipmaker climbed 2.4% after Bloomberg News reported on Sunday that Apollo Global Management proposed to make a multibillion-dollar investment in Intel.

Persons: Harlan Sur, General Motors, Bernstein, Cowen, troriluzole, Ciena, Jesse Pound, Alex Harring, Samantha Subin, Sean Conlon Organizations: Micron Technology, Micron, JPMorgan, Tesla, Barclays, U.S . Army, General, pharma, Intel —, Bloomberg, Apollo Global Management, Intel, CNBC, Qualcomm, Citi

☆ AeroVironment's Switchblade drones are the US Army's latest big bet. See the small but mighty munitions in action.
▼ + stars: | 2024-09-15 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

Switchblade drones offer attack and reconnaissance capabilities in a compact, portable vehicle. The US military has invested millions in the drones for precise air support with reduced collateral. These kinds of attack drones have revolutionized modern warfare. Go to newsletter preferences Thanks for signing up! AdvertisementSwitchblade drones, a loitering munition used for attack and reconnaissance, weigh under 10 pounds and can fit in a soldier's backpack.

Persons: — Organizations: Service, Business

☆ AeroVironment CEO Wahid Nawabi goes one-on-one with Jim Cramer
▼ + stars: | 2024-09-04 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

AeroVironment CEO Wahid Nawabi goes one-on-one with Jim CramerAeroVironment Inc. chair, president and CEO Wahid Nawabi, joins 'Mad Money' host Jim Cramer to talk the company's stock hit, the defense sector and more.

Persons: Wahid Nawabi, Jim Cramer AeroVironment, Jim Cramer Organizations: Jim Cramer AeroVironment Inc

☆ AI is unlocking new uses for military drones, boosting demand for these companies
▼ + stars: | 2024-08-18 | by ( Pia Singh | In | ) www.cnbc.com time to read: +8 min

We're approaching a new era of defense, one that will use AI-enabled military drones that can run without a human operator. According to BTIG, the DoD requested $5.3 billion in fiscal year 2025 for unmanned systems, most of which is directed at procurement programs. The firm forecasts the DoD's entire unmanned funding requests to grow at a 9.5% compound annual growth rate through fiscal year 2029. General Dynamics is another of Madrid's buy-rated stock in the unmanned systems arena. Strong demand of its defense products, including ammo and ground vehicles, also indicate earnings growth potential, the analyst added.

Persons: Andre Madrid, BTIG, spender, They've, Stocks, Northrop, Lockheed Martin, Morgan Stanley, Kristine Liwag, Liwag, Northrop Grumman, Madrid, Northrop's, It's, Atomics, You've, they've, Kratos, Morgan Stanley's Liwag Organizations: U.S . Department of Defense, DoD, Aircraft, Air, U.S . Navy, U.S . Air Force, Pentagon, CCA, Department of Defense, Dynamics, Kratos Defense, Security Solutions, Northrop Grumman, Lockheed, Air Force, Raider, Defense, Northrop, Boeing, FactSet, General Dynamics, U.S . Army Locations: Nagorno, Karabakh, Ukraine, Madrid, France

☆ Cramer's Lighting Round: Broadcom is 'absolutely terrific'
▼ + stars: | 2024-07-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Adeia's year-to-date stock performance. Stock Chart Icon Stock chart icon Hecla Mining's year-to-date stock performance. Stock Chart Icon Stock chart icon Jumia's year-to-date stock performance. Stock Chart Icon Stock chart icon Broadcom's year-to-date stock performance. Stock Chart Icon Stock chart icon AeroVironment's year-to-date stock performance.

Persons: It's, Jim Cramer's Organizations: Hecla, Hecla Mining, Broadcom

☆ Lightning Round: AeroVironment's drones work 'therefore it's a buy', says Jim Cramer
▼ + stars: | 2024-07-24 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: AeroVironment's drones work 'therefore it's a buy', says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Adeia, Hecla Mining, Jumia Technologies, Broadcom and Aerovironment.

Persons: Jim Cramer Organizations: Hecla Mining, Jumia Technologies, Broadcom, Aerovironment

☆ Cramer's Lightning Round: I like AeroVironment
▼ + stars: | 2024-07-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon AeroVironment's year-to-date stock performance. Stock Chart Icon Stock chart icon Forward Air's year-to-date stock performance. Stock Chart Icon Stock chart icon General Dynamics' year-to-date stock performance. Stock Chart Icon Stock chart icon Constellation Energy's year-to-date stock performance. There's a big rotation going on, and the rotation hasn't lasted long enough.

Persons: it's Organizations: Pentagon, Forward, Dynamics, Constellation Energy

☆ Stocks making the biggest moves premarket: Walgreens, Levi Strauss, Micron and more
▼ + stars: | 2024-06-27 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Micron — Shares slipped nearly 6% after the semiconductor manufacturer posted revenue guidance of $7.6 billion for its current quarter, coming in line with analyst expectations. Walgreens Boots Alliance — Shares tumbled more than 11% after the retail pharmacy company reported a third-quarter earnings miss and cut its full-year adjusted profit outlook. Goldman Sachs — The U.S. banking stock slipped nearly 2% after the latest round of stress test results . However, the company reported EBITDA guidance for its fiscal year 2025 that was 5% lower than analyst consensus estimates, according to FactSet. U.S. Bancorp — The bank stock slipped more than 1% following a downgrade to neutral from overweight at J.P. Morgan.

Persons: Levi Strauss, Suzano, Walgreens, Goldman Sachs, Morgan, Vivek Juneja, — CNBC's Michelle Fox, Alex Harring, Fred Imbert Organizations: Micron, GSK —, Centers for Disease Control, LSEG, Walgreens, Federal Reserve, . U.S, Bancorp Locations: U.S, .

☆ Stocks making the biggest moves midday: Walgreens Boots Alliance, Levi Strauss, International Paper and more
▼ + stars: | 2024-06-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Walgreens Boots Alliance — The stock plummeted more than 24.5% after the retail company reported third-quarter earnings results that missed Wall Street's expectations . Levi Strauss — The denim maker's stock tumbled 17.1% after revenue came in at $1.44 billion for the second fiscal quarter. International Paper — Shares of the paper manufacturing company fell nearly 8% following the news that Suzano is no longer pursuing a potential acquisition of the company. Hunterbrook Capital, a hedge fund Hunterbook is affiliated with, has a short position in the company's shares. Micron Technology — The memory chip stock shed nearly 7% after Micron Technology offered guidance that was roughly in line with expectations.

Persons: Levi Strauss, Suzano, Gary Friedman, AeroVironment, Goldman Sachs, Alex Harring, Samantha Subin, Lisa Kailai Han, Michelle Fox Organizations: Walgreens, Alliance, CVS, LSEG, Hunterbrook Media, Hunterbrook, Micron Technology, Arista Networks, Citi

☆ Aerovironment CEO Wahid Nawabi sits down with Jim Cramer
▼ + stars: | 2024-06-27 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAerovironment CEO Wahid Nawabi sits down with Jim CramerAerovironment Chairman, President and CEO Wahid Nawabi joins 'Mad Money' host Jim Cramer to talk quarterly results, global military conflicts, autonomous weapons and more.

Persons: Wahid Nawabi, Jim Cramer Aerovironment, Jim Cramer

☆ Autonomous weapons going to be 'much bigger part of warfare in the future': Aerovironment CEO
▼ + stars: | 2024-06-27 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAutonomous weapons going to be 'much bigger part of warfare in the future': Aerovironment CEOAerovironment Chairman, President and CEO Wahid Nawabi joins 'Mad Money' host Jim Cramer to talk quarterly results, global military conflicts, autonomous weapons and more.

Persons: Wahid Nawabi, Jim Cramer Organizations: Autonomous

☆ AeroVironment CEO describes how drones are the future of modern warfare
▼ + stars: | 2024-06-27 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

In a Thursday interview with CNBC's Jim Cramer, AeroVironment CEO Wahid Nawabi described how the defense contractor's drones are used in battle, saying the technology will be a significant part of modern warfare. "The fundamental shift in warfare is that distributed intelligent robotic systems, loitering munitions, small drones — that's what we specialize in — is going to be a much bigger piece of the warfare in the future," he said. Nawabi discussed weapons including the Switchblade 600 — a kamikaze-type drone — and the Puma AE, which is primarily used for surveillance. The former is unique because it is able to "loiter" for 40 minutes to find a target, he said. According to Nawabi, the U.S. Army plans to buy more than a thousand Switchblade 600s as part of the Pentagon's latest initiative.

Persons: CNBC's Jim Cramer, Wahid Nawabi, Nawabi Organizations: Puma, U.S . Army

☆ Cramer's week ahead: Earnings from Micron, Walgreens and General Mills
▼ + stars: | 2024-06-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer guided investors through this week's most important Wall Street action, highlighting earnings reports from Micron , Walgreens and General Mills . Wednesday brings a slew of earnings reports, including Micron , General Mills , Levi Strauss , AeroVironment and Jefferies Financial . Cramer noted some segments that drive General Mills' business — including snacks, cereal and dough — could be vulnerable because of the rising popularity of weight loss drugs. Walgreens will report on Thursday, and Cramer said Wall Street doesn't have great expectations for the company. McCormick also reports that day, and Cramer said analysts are taking down price targets due to sluggish growth.

Persons: CNBC's Jim Cramer, Mills, Cramer, else's, it's, General Mills, Levi Strauss, AeroVironment, Jefferies, Tim Wentworth, McCormick Organizations: Micron, Walgreens, Big Tech, Carnival, FedEx, Royal, General, Jefferies Locations: Royal Caribbean

☆ Taiwan to acquire more than 1,000 armed drones in new US arms sale
▼ + stars: | 2024-06-19 | by ( Brad Lendon | ) edition.cnn.com time to read: +4 min

The United States has approved the $360 million sale of more than 1,000 small armed drones to Taiwan, as the self-ruled island claimed by China aims to strengthen its asymmetrical warfare abilities with an eye on successful tactics used on the battlefield in Ukraine. The proposed sale comes as China increases military pressure on Taiwan, with extensive military exercises around it and almost daily warplane flights near the island. In a statement Wednesday, Taiwan’s presidential office thanked the US for its security commitments, adding this was the Biden administration’s 15th weapons sale to the island since 2021. That includes $6.1 billion in asymmetrical weapon systems, including Harpoon missiles, PAC-3 missile interceptors and MQ-9B aerial drones, Cato said. Many analysts have urged Taiwan to pursue more asymmetrical weapons, which they say would be harder for China to counter than conventional arms in any invasion of the island.

Persons: “, Adm, Dong Jun, ”, Wahid Nawabi, Anduril, Biden, Karen Kuo, Cato Organizations: US Defense Security Cooperation Agency, Communist Party, Taiwan Relations, Washington, Chinese Defense, “, Cato Institute, Harpoon Locations: States, Taiwan, China, Ukraine, Taipei, Beijing, Singapore, “ Taiwan, Washington

☆ Watch CNBC's full interview with AeroVironment CEO Wahid Nawabi
▼ + stars: | 2024-06-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with AeroVironment CEO Wahid NawabiWahid Nawabi, AeroVironment CEO, joins 'Closing Bell Overtime' to talk its government partnerships, product demand, and more.

Persons: Wahid Nawabi Wahid Nawabi

☆ AeroVironment delivered 3,000 drones to U.S. & allies since start of Ukraine conflict: CEO Nawabi
▼ + stars: | 2024-06-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAeroVironment delivered 3,000 drones to U.S. & allies since start of Ukraine conflict: CEO NawabiWahid Nawabi, AeroVironment CEO, joins 'Closing Bell Overtime' to talk its government partnerships, product demand, and more.

Persons: AeroVironment, Nawabi Wahid Nawabi Locations: Ukraine

☆ Cramer's Lightning Round: Don't buy MicroStrategy
▼ + stars: | 2024-05-13 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon AllianceBernstein's year-to-date stock performance. Stock Chart Icon Stock chart icon Confluent's year-to-date stock performance. Stock Chart Icon Stock chart icon MicroStrategy's year-to-date stock performance. Stock Chart Icon Stock chart icon AeroVironment's year-to-date stock performance. Stock Chart Icon Stock chart icon Albemarle's year-to-date stock performance.

Persons: I'm, We've, AeroVironment, Sterling Organizations: Sterling Infrastructure

☆ Lightning Round: Nu Skin is an overvalued stock, says Jim Cramer
▼ + stars: | 2024-05-13 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Nu Skin is an overvalued stock, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: AllianceBernstein, Cardinal Health, Confluent, Pure Storage, Microstrategy, AeroVironment, Sterling Infrastructure, Nu Skin, Oracle, and Albemarle.

Persons: Jim Cramer Organizations: Cardinal, Sterling Infrastructure, Oracle Locations: Albemarle

☆ Cramer's Lightning Round: Quanta Services is 'terrific'
▼ + stars: | 2024-05-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon AeroVironment's year-to-date stock performance. Stock Chart Icon Stock chart icon Nutanix's year-to-date stock performance. Stock Chart Icon Stock chart icon Altimmune's year-to-date stock performance. Stock Chart Icon Stock chart icon CVR Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Quanta Services' year-to-date stock performance.

Persons: it's Organizations: Mines, Eagle Mines, CVR Energy

☆ Lightning Round: The cycle could be turning against CVR Energy, says Jim Cramer
▼ + stars: | 2024-05-06 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: The cycle could be turning against CVR Energy, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: AeroVironment, Agnico Eagle Mines, Nutanix, Altimmune, CVR Energy and Quanta Services.

Persons: Jim Cramer Organizations: CVR Energy, Mines

☆ A '$28 trillion opportunity': Ark Invest reveals its top AI plays right now
▼ + stars: | 2024-03-11 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Ark Invest — which has a particular focus on innovation — is invested in segments including autonomous vehicles, drones and robotics, energy storage, 3D printing, and space exploration through its Ark Autonomous Tech & Robotics ETF (ticker ARKQ). Autonomous cars: A $28 trillion opportunity Autonomous cars is one area related to AI that Keeney is "particularly excited about." "Autonomous cars are already driving in major cities today across the globe. Autonomous drones: A 'very hot topic' Beyond automakers, Keeney is looking to ride the autonomy wave through opportunities in drones. Keeney emphasized that drone technology can transcend military use cases and be applied across industries.

Persons: Tasha Keeney, CNBC's, Tesla, Keeney, — Organizations: Ark Autonomous Tech, Robotics ETF, Invest, Defense, Security Solutions, Walmart, Google Locations: Mar

☆ Tuesday rapid fire: Target, AMD, Gitlab, Tesla and AeroVironment
▼ + stars: | 2024-03-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTuesday rapid fire: Target, AMD, Gitlab, Tesla and AeroVironmentCNBC’s Jim Cramer on Tuesday reacted to Target’s earnings and other market-moving headlines around AMD, Gitlab, Tesla and AeroVironment.

Persons: CNBC’s Jim Cramer Organizations: AMD

☆ 'We are very well positioned', says AeroVironment CEO on its role in global conflicts
▼ + stars: | 2024-03-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We are very well positioned', says AeroVironment CEO on its role in global conflictsWahid Nawabi, AeroVironment CEO, joins 'Closing Bell Overtime' to talk production capacity, government contracts, earnings and more.

Persons: Wahid Nawabi

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