Streetbeat News

Partnerships

ARBE

Arbe Robotics' stock price increased following a post on X about its participation in the NVIDIA sensor ecosystem.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 5:29 pm

ARBE

NVDA

Arbe Robotics announced its excitement about being part of the NVIDIA sensor ecosystem, highlighting a significant partnership in the tech and automotive sectors.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 5:21 pm

AMD

NVDA

Goldman Sachs has raised its price target for Nvidia (NVDA) to $1,000, citing the company's innovative next-generation Data Center GPU platform, Blackwell, and its potential to significantly accelerate AI training and inference capabilities. The bank's optimism is further supported by Nvidia's expanding partnerships and its role in the generative AI infrastructure build-out. Additionally, the developments are seen as positive for Micron Technologies (MU) due to expected increases in memory density, while posing challenges for Advanced Micro Devices (AMD) to keep pace with Nvidia's innovation.

Portfolio Pulse from Piero Cingari

March 19, 2024 | 5:17 pm

AMD

CAR

DIA

JWN

QQQ

SPY

TME

XLC

XLE

Wall Street had a mixed performance with the S&P 500 up 0.4%, tech stocks slightly down, and energy stocks rallying. The U.S. dollar strengthened, and Bitcoin plummeted below $65,000. The SPDR S&P 500 ETF Trust, SPDR Dow Jones Industrial Average, and Invesco QQQ Trust showed varied movements. Energy Select Sector SPDR Fund was the top performer, while Communication Services Sector SPDR Fund lagged. Stocks like AMD, TME, JWN, IP, and CAR had notable movements due to various factors.

Portfolio Pulse from Piero Cingari

March 19, 2024 | 5:15 pm

CVX

HES

XOM

Chevron Corporation (CVX) and JX Nippon Oil & Gas Exploration Corporation have signed an MOU to develop the CCS value chain in the Asia Pacific, focusing on CO2 storage. The collaboration aims to evaluate the export of CO2 from Japan to CCS projects in Australia and potentially other countries. In a separate development, Chevron's $53 billion takeover of Hess Corporation (HES) is threatened by Exxon Mobil Corporation (XOM), which has filed for arbitration over Hess's Guyana oilfield stake, claiming the right of first refusal.

Portfolio Pulse from Lekha Gupta

March 19, 2024 | 5:04 pm

CMTL

CNM

FUSN

GWAV

OTRK

SEEL

SPIR

U.S. stocks traded mixed with the Dow Jones up by 0.54% and NASDAQ down by 0.34%. Core & Main (CNM) shares rose 7% after Q4 results, missing EPS estimates but beating sales expectations. Ontrak (OTRK), Fusion Pharmaceuticals (FUSN), and Spire Global (SPIR) saw significant gains, while Greenwave Technology Solutions (GWAV), Seelos Therapeutics (SEEL), and Comtech Telecommunications (CMTL) experienced sharp declines.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 4:54 pm

TKAMY

Thyssenkrupp AG (OTC:TKAMY) and The Carlyle Group Inc (NASDAQ:CG) are exploring a potential cooperation for the separation of Thyssenkrupp's marine business, Thyssenkrupp Marine Systems. This includes a possible partial sale to Carlyle, alongside other separation options. The process involves in-depth due diligence of the marine business. Discussions with the German government about state participation are also ongoing.

Portfolio Pulse from Lekha Gupta

March 19, 2024 | 4:42 pm

NVDA

VRT

Vertiv Holdings' stock experienced a notable increase in trading volume following a mention by Nvidia during a GTC conference. This mention suggests a potential collaboration or endorsement by Nvidia, which is significant given Nvidia's industry standing.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 4:30 pm

MSFT

Microsoft announces organizational changes as part of its transition. Mikhail Parakhin and his team, responsible for Copilot, Bing, and Edge, will now report to Mustafa. Misha Bilenko and the GenAI team are also included in this transition. Kevin Scott remains CTO & EVP of AI, overseeing the company's overall AI strategy.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 4:11 pm

MSFT

Microsoft announced that Mustafa Suleyman, co-founder of DeepMind and Inflection, has joined Microsoft as EVP and CEO of Microsoft AI, leading Copilot. He joins the senior leadership team, and several members of the Inflection team will also join him and Karén at Microsoft.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 4:11 pm