Streetbeat News

Acquisitions Mergers

AMD

AVGO

NVDA

SMH

SOXX

AMD is shifting its strategy in the gaming GPU market to focus on mainstream and mid-range GPUs, aiming to capture 40%-50% of the market. This move is a departure from directly competing with Nvidia's high-end GPUs. AMD's stock has risen 28% over the past year, while Nvidia's has increased by 128%. Despite strong results, semiconductor stocks, including AMD and Nvidia, have faced a selloff.

Portfolio Pulse from Anusuya Lahiri

September 09, 2024 | 3:08 pm

SPY

USO

The U.S. Energy Department has announced contracts for acquiring 3.4 million barrels of oil for the Strategic Petroleum Reserve. This move is part of efforts to replenish the reserve.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:06 pm

ADTX

EVFM

Aditxt and Evofem Biosciences shares are experiencing an increase in trading activity following the amendment of their merger agreement.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:01 pm

C

SPY

Citi's CFO anticipates a soft landing with falling interest rates, increased M&A activity, and a shift in consumer credit card spending from discretionary to staples. While delinquencies are rising, they are expected to stabilize.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 2:43 pm

AAL

BIO

BP

ETSY

PLTR

Palantir Technologies Inc. (NYSE:PLTR) is set to join the S&P 500 index, replacing American Airlines, Etsy, and Bio-Rad Laboratories. This inclusion, along with a new AI deal with BP, has driven Palantir's stock up by over 10%. The stock is showing bullish technical indicators, suggesting a positive trend.

Portfolio Pulse from Surbhi Jain

September 09, 2024 | 2:10 pm

EGIO

INBS

MEOH

PEGY

RLAY

SINT

WHLR

US stocks rose with the Dow Jones gaining over 200 points. Methanex Corporation announced a $2.05 billion acquisition of OCI Global's methanol business. Sintx Technologies, Intelligent Bio Solutions, and Relay Therapeutics saw significant stock price increases, while Edgio, Pineapple Energy, and Wheeler Real Estate Investment Trust experienced declines.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 1:54 pm

EGIO

Edgio, Inc. has filed for Chapter 11 bankruptcy to facilitate a sale process, with Lynrock Lake Master Fund LP as the stalking horse bidder. Lynrock has agreed to acquire Edgio's assets through a $110 million credit bid. The process aims to ensure continued operations under new ownership.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:34 pm

NXT

Nextracker (NASDAQ:NXT) has launched NX Foundation Solutions, including the NX Anchor system, to enhance solar project development across various soil types. This follows Nextracker's recent acquisitions of Ojjo and Solar Pile International's foundations business.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:30 pm

BIG

Big Lots shares are declining following the announcement of a sale agreement with Nexus Capital and the initiation of a voluntary chapter 11 process.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:00 pm

AGRO

Tether has invested $100 million to acquire a 9.8% stake in Adecoagro, marking its first venture into the agricultural sector. This move diversifies Tether's portfolio beyond its existing investments in AI, Bitcoin mining, and digital education. Tether remains a dominant player in the stablecoin market with a market cap over $118 billion.

Portfolio Pulse from Murtuza Merchant

September 09, 2024 | 12:52 pm