Streetbeat News

Partnerships

OPTX

Syntec Optics has announced the launch of process development for a high-volume production line to manufacture disposable medical optics, marking a significant advancement in biomedical camera technology. This development, following nearly three years of concept proposals, positions Syntec Optics at the forefront of automated high-volume production in the US, leveraging their extensive expertise and advanced manufacturing capabilities. The addressable market for photonics-enabled biomedical segments was estimated at $201.1B in 2021, indicating a substantial market opportunity for Syntec Optics.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:05 pm

GNS

Genius Group Limited (NYSE:GNS) announced the launch of Singapore Genius City, its first Sovereign AI Education Ecosystem. This initiative aims to provide AI Education and Acceleration courses to various groups through both physical and online platforms. The launch in Singapore will be followed by openings in Dubai and Abu Dhabi, with plans to unveil ten more Genius Cities in 2024. The company's CEO, Roger Hamilton, highlighted Singapore's role as a model city for AI competitiveness and the company's commitment to contributing to AI education and talent development.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:01 pm

NIO

Jim Cramer advised selling shares of NIO Inc. (NYSE:NIO), citing a 47% loss in stock value since the start of the year. Despite a partnership aimed at extending battery lifespan, NIO's market share continues to shrink, and its stock closed near a 52-week low. However, some investors have shown bullish behavior through options trading.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 11:38 am

LEN

NEOG

SGH

Insiders at Lennar, SMART Global Holdings, and Neogen have made notable stock purchases, indicating confidence in their companies. Lennar's director bought shares amid a supply agreement with LP Building Solutions. SMART Global's CEO purchased shares after reporting earnings that beat estimates. Neogen's director invested following a disappointing earnings report and guidance cut.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 11:17 am

PLTR

Jim Cramer, host of CNBC's 'Mad Money', has recommended buying shares of Palantir Technologies Inc. (NYSE:PLTR), citing the company's growth potential and recent $178 million contract with the U.S. Army. Palantir's stock closed at $22.84, reflecting a slight increase and showcasing a significant trading range over the past year. Additionally, Cathie Wood's Ark Invest has shifted funds from Coinbase to Palantir, further highlighting investor interest.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 11:01 am

MU

NVDA

SSNLF

Samsung Electronics Co plans to announce a $44 billion investment in a chip plant in Taylor, Texas, with over $6 billion in U.S. government grants. This move is part of the U.S. strategy to boost domestic semiconductor production under the 2022 Chips and Science Act. Samsung's investment aims to enhance its chip technology, aligning with AI industry leaders like NVIDIA Corp and Micron Technology, and follows a collaboration with Arm Holdings for next-gen CPU technology.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 10:49 am

TH

Target Hospitality has announced a partnership with the Chard Métis Dene Group, aiming to support the Chard Métis Nation in Alberta, Canada. This collaboration is focused on promoting economic independence and development opportunities for the community, aligning with Target Hospitality's commitment to investing in local communities.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 10:48 am

TSLA

Elon Musk laughed at Jack Dorsey's comment calling Mark Zuckerberg a 'bum simp' in response to a decade-old remark Zuckerberg made about Twitter. This exchange highlights the ongoing rivalry between Musk and Zuckerberg, especially after Musk's acquisition of Twitter, now X, for $44 billion in October 2022. The incident reflects broader tensions in the tech industry, with Meta facing criticism for its advertising system and Musk working to attract advertisers back to X.

Portfolio Pulse from Ananya Gairola

April 12, 2024 | 10:43 am

ARW

Arrow Electronics has expanded its managed service offerings by introducing Cloud Object Storage for Backup on ArrowSphere Cloud, built on IBM Cloud. This new service, developed in collaboration with IBM Cloud and Anycloud, is designed to support the growing need for data protection. It offers advanced encryption, data protection measures, and is stored in IBM datacentres. The service is available exclusively to Arrow channel partners across EMEA and features a user-friendly management portal and a fixed price per TB pricing model without setup fees. It is compatible with any backup software or SaaS that supports BYOS and ensures data durability by replicating it across multiple devices and IBM datacentres.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 10:38 am

RDNT

RadNet has partnered with basketball legend Sheryl Swoopes to promote healthcare equity and access, focusing on combating healthcare disparities and promoting preventive healthcare. Swoopes, motivated by her personal loss to breast cancer within her family, aims to use her platform to advocate for early detection and preventive care, highlighting the potential impact of services like RadNet's MammogramNow.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 10:02 am