Streetbeat News

Partnerships

NRIX

Nurix Therapeutics shares are trading higher following the announcement of an extension of its ongoing research program with Sanofi for STAT6. This extension indicates a continued partnership and potential for future developments in their collaborative efforts.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:51 pm

LASE

LHX

Laser Photonics Corporation's stock (LASE) surged by 141.2% after receiving an order for its LaserTower COMPACT marking and engraving system from L3Harris Technologies, Inc (LHX). The financial terms of the deal were not disclosed. The system will be used in L3Harris's semiconductor division in Palm Bay, Florida.

Portfolio Pulse from Shivani Kumaresan

April 09, 2024 | 3:37 pm

INTC

Intel announced at Vision 2024 its commitment to advancing enterprise AI through the introduction of Gaudi 3, an AI Open Systems Strategy, and securing new customer partnerships. This move signifies Intel's strategic focus on open and secure AI solutions across various industries.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:37 pm

AMD

SOXQ

SOXX

Advanced Micro Devices, Inc (NASDAQ:AMD) announced the expansion of its Versal adaptive SoC portfolio with the introduction of Versal AI Edge Series Gen 2 and Versal Prime Series Gen 2. These devices are designed to enhance AI-driven embedded systems by consolidating preprocessing, AI inference, and postprocessing. The new devices offer significant improvements in efficiency and compute power. Subaru Corporation has selected AMD's Versal AI Edge Series Gen 2 for its next-generation ADAS vision system, EyeSight. Analysts predict AMD to record substantial revenue growth by 2025 and gain server market share. AMD's stock has seen a 78% increase over the past 12 months, and exposure to AMD stock can be gained through IShares Semiconductor ETF (NASDAQ:SOXX) and Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ).

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 3:30 pm

AVGO

GOOG

HACK

TRFK

Broadcom Inc (NASDAQ:AVGO) and Alphabet Inc's Google Cloud (NASDAQ:GOOG, NASDAQ:GOOGL) have expanded their partnership to optimize Broadcom's VMware workloads for Google Cloud, incorporating AI capabilities into Broadcom's offerings and planning joint go-to-market initiatives. This collaboration aims to enhance customer experiences and simplify cloud deployments. Broadcom is highlighted as a top pick in the AI sector, with analysts projecting significant revenue and EPS growth by 2024. Broadcom stock is also accessible through Pacer Data And Digital Revolution ETF (NYSE:TRFK) and Amplify Cybersecurity ETF (NYSE:HACK).

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 3:19 pm

CELH

Celsius Holdings (NASDAQ:CELH) has seen significant options trading activity, with an equal split between bullish and bearish sentiments among investors. Notable trades include both calls and puts, targeting a price range of $65.0 to $90.0. The company, which specializes in energy drinks, has a strong market presence in North America and a strategic partnership with PepsiCo. Currently, CELH's stock is slightly up, with a neutral RSI and an upcoming earnings report. Market experts have issued positive ratings, with a consensus target price of $95.0.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 3:15 pm

NTES

NetEase shares are trading higher after reports emerged that the company and Blizzard are expected to announce a new deal. This development suggests a positive outlook for NetEase's future collaborations and financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:04 pm

SNOW

A Reddit post by user Fountainheadusa has sparked a discussion on Snowflake Inc (NYSE:SNOW), with opinions divided on its investment potential. The post discusses the company's CEO transition, strategic partnerships, and financial metrics, alongside broader market dynamics. While some Redditors are optimistic about Snowflake's growth, others express concerns over its valuation and profitability. Analyst consensus on Benzinga rates Snowflake as a Buy, with Rosenblatt recently upgrading the stock to Buy with a price target of $185, indicating a potential upside.

Portfolio Pulse from Surbhi Jain

April 09, 2024 | 3:03 pm

ARGT

TSLA

Argentina's Presidential Spokesperson announced that presidential candidate Javier Milei is scheduled to visit the Tesla factory in the U.S. and meet with CEO Elon Musk this week, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 2:44 pm

AMD

TSLA

BlackBerry Limited announced a collaboration with Advanced Micro Devices, Inc. to enhance next-generation robotic systems, causing its shares to rise 9%. Other stocks like Nurix Therapeutics, Taysha Gene Therapies, and Tesla also saw significant gains due to various factors including strategic collaborations, analyst ratings, and annual reports.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 2:43 pm