Streetbeat News

Partnerships

AENT

Alliance Entertainment's stock is rising following the announcement of an exclusive distribution partnership with Magenta Light Studios for physical home entertainment releases in the U.S. and Canada.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 6:24 pm

AMD

NVDA

AMD is making significant strides in the AI chip market, with CEO Lisa Su predicting a major AI supercycle. Jim Cramer supports AMD's potential, highlighting its partnerships with major tech companies. Despite positive earnings, AMD shares fell 9.54%.

Portfolio Pulse from Adam Eckert

October 30, 2024 | 5:16 pm

BLNK

WBAT

Blink Charging Co. (NASDAQ:BLNK) has received a $2 million grant from the Illinois EPA to deploy 15 new EV charging stations in Illinois. The project includes 10 DC fast chargers and 5 Dual Port Level 2 stations. Blink will cover 30% of the costs and provide various services. The company recently partnered with Stable Auto to enhance EV charging services. BLNK shares are down 1.41% at $2.10.

Portfolio Pulse from Lekha Gupta

October 30, 2024 | 5:04 pm

MSFT

The Delaware Attorney General has questioned OpenAI's plan to convert from a nonprofit to a for-profit entity, which could impact billions in investments. OpenAI, originally a nonprofit, has received significant investments from Microsoft and others, who are pushing for the conversion. The AG's involvement could complicate the process, but OpenAI is engaging in discussions to address concerns.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 4:45 pm

FMCX

KKR

LBO

KKR & Co. Inc. and Energy Capital Partners have announced a $50 billion partnership to develop data centers and power infrastructure to support AI and cloud computing. This strategic alliance aims to meet the growing demand for data center power, which is expected to increase by 160% by 2030. KKR has also submitted registration statements for two new fixed-income funds, expected to launch in 2025.

Portfolio Pulse from Lekha Gupta

October 30, 2024 | 4:36 pm

TGL

Treasure Global has amended its partnership agreement with Credilab, changing the profit-sharing ratio from 1/3 to 1/2. This amendment has been filed with the SEC as a supplement to the original 8-K filing.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 4:19 pm

CMCSA

DIS

SONY

The NFL is partnering with 'The Simpsons' for a unique animated simulcast of a Bengals-Cowboys game on Disney+ and ESPN+. Disney will air the game live, using Sony's technology, with characters from 'The Simpsons' interacting with the game. This initiative aims to attract new fans and leverage Disney's multiple broadcasting platforms.

Portfolio Pulse from Chris Katje

October 30, 2024 | 3:24 pm

PLCE

The Children's Place shares rose following the announcement of a new storefront on SHEIN, indicating a strategic partnership.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 3:16 pm

COIN

IYG

XLF

Visa and Coinbase have partnered to offer real-time fund transfers for Coinbase users in the U.S. and EU, enhancing trading speed and flexibility. Visa's strong Q4 results, with an EPS of $2.71 and revenue of $9.6 billion, have driven its stock up by 3.41%.

Portfolio Pulse from Lekha Gupta

October 30, 2024 | 3:12 pm

AMZN

RXT

Rackspace Technology has announced a strategic collaboration with Amazon Web Services (AWS) to enhance digital transformation through expanded migration, modernization, and AI solutions. They have also launched the Rackspace Rapid Migration offer to expedite data center moves to AWS.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 3:06 pm