Streetbeat News

Partnerships

NTES

NetEase Inc (NASDAQ:NTES) shares rose by 3.8% to $100.62 after reports emerged of an impending new deal with Blizzard Entertainment for the distribution of Blizzard titles in China. The specifics of the deal are not disclosed, but it is expected to be announced on Wednesday and may enable Blizzard games to return to the Chinese market within a month.

Portfolio Pulse from Henry Khederian

April 10, 2024 | 2:30 am

PARA

'Avatar: The Last Airbender' has collaborated with Fortnite, introducing characters like Katara, Toph, and Zuko as skins in the game. The collaboration, available from April 9, includes an 'Avatar: Elements' event starting April 12. Aang will be added later through an Event Pass. This partnership is part of Fortnite's strategy to integrate pop culture elements into its gameplay. Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA), owner of Nickelodeon, is directly involved due to 'Avatar: The Last Airbender' being a Nickelodeon series.

Portfolio Pulse from Franca Quarneti

April 09, 2024 | 10:52 pm

DIS

PARA

Paramount Global aims to elevate its Sonic the Hedgehog films to 'Avengers-level' status, with plans for expansive storytelling and character development. The franchise's executive producer, Toby Ascher, discussed expanding into television with a Knuckles series on Paramount+ and introducing new characters in the upcoming 'Sonic the Hedgehog 3' movie. Paramount's strategy includes leveraging the franchise's extensive lore and incorporating elements like humor and iconic themes to enhance the cinematic experience.

Portfolio Pulse from Franca Quarneti

April 09, 2024 | 10:34 pm

MRIN

MSFT

Marin Software Inc (NASDAQ:MRIN) shares surged in Tuesday's after-hours trading following the announcement of upgrades to its Microsoft Corp (NASDAQ:MSFT) advertising integration. The enhancements include connecting Microsoft's Automated Bidding and conversion data with Marin's AI-powered budget optimization, offering cross-account management, spend optimization, and improved conversion metrics. This news follows Marin's recent approval of a 1-for-6 reverse stock split, set to take effect after market close on April 12, with split-adjusted trading starting April 15.

Portfolio Pulse from Adam Eckert

April 09, 2024 | 9:33 pm

MRIN

Marin Software's stock price increased following the announcement of an upgrade to its integration with Microsoft Advertising. This development is expected to enhance the company's advertising capabilities and potentially improve its financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:29 pm

MRIN

Marin Software has announced enhancements to its integration with Microsoft Advertising, aiming to improve advertising efficiency and outcomes for its users. This upgrade is expected to enhance the functionality and performance of Marin Software's platform by leveraging Microsoft Advertising's advanced features.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:21 pm

LPTH

LightPath Technologies has announced the first incorporation of its Black Diamond (BDNL) materials within a U.S. Department of Defense (DoD) program. This new airborne system, designed to utilize LightPath's innovative materials, marks a significant milestone for the company in its defense sector engagements.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:04 pm

FTXL

INTC

NVDA

SOXQ

Intel Corp (NASDAQ:INTC) launched the Gaudi 3 AI accelerator at Intel Vision 2024, aiming to revolutionize the GenAI landscape by offering up to four times more AI computing and 1.5 times increased memory bandwidth compared to its predecessors. This move positions Intel to potentially outperform Nvidia Corp's (NASDAQ:NVDA) H100 in training times and inference throughput. Intel also introduced a new financial reporting framework, appointed new CFOs for its divisions, and emphasized partnerships with various companies to enhance GenAI applications. Intel's stock has seen an 18% increase over the last 12 months, with exposure available through First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) and Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ).

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 7:39 pm

AAPL

AMZN

MSFT

Apple is reportedly seeking new office space in Miami, following the footsteps of Amazon and Microsoft. This move signifies Apple's expansion efforts and its intention to strengthen its presence in a region already chosen by other tech giants.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 7:36 pm

GOOG

PANW

VTI

Palo Alto Networks Inc (NASDAQ:PANW) shares rose after announcing an expanded AI partnership with Google Cloud, making Google Cloud its AI and infrastructure provider of choice. The deal, described as a ten-figure, multi-year commitment, strengthens Palo Alto's position as Google Cloud's preferred next-generation firewall provider. This partnership, which began in 2018, aims to enhance cybersecurity through AI-driven solutions and zero-trust network security.

Portfolio Pulse from Adam Eckert

April 09, 2024 | 7:30 pm