Streetbeat News

Partnerships

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

BMR

NVDA

Beamr Imaging Ltd. (NASDAQ:BMR) shares surged after announcing a demonstration of a real-time video optimization application with Nvidia Corporation's (NASDAQ:NVDA) Holoscan for Media at the NAB Show 2024. The application aims to enhance live-streaming video and 4K streaming capabilities, potentially improving user experience and reducing costs for enterprises. Beamr's stock was halted due to the positive reaction and has seen significant trading volume increase.

Portfolio Pulse from Erica Kollmann

April 09, 2024 | 7:28 pm

OPTHF

Optimi Health Corp. (OTCQX:OPTHF), a Canadian psychedelics pharmaceutical manufacturer, has entered into an agreement to supply natural psilocybin to New Zealand's Mātai Medical Research Institute for the Tū Wairua Project. This marks Optimi's first supply deal in New Zealand, contributing to its global expansion. The company will provide GMP Full Spectrum Natural Psilocybin extract for a pilot study aimed at evaluating psychedelic-assisted therapy for Māori patients. The study, set for mid-2024, will integrate Māori cultural practices and aims to inform future trials for methamphetamine use disorder among Māori patients.

Portfolio Pulse from Lara Goldstein

April 09, 2024 | 7:26 pm

BMR

Beamr Imaging announced plans to demonstrate a real-time video optimization application with NVIDIA's Holoscan for Media, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 7:25 pm

MRK

MRNA

Moderna Inc's stock rose after presenting positive Phase 1 trial results for its mRNA-4157 therapy in combination with Merck & Co's Keytruda for treating advanced unresectable HPV-negative head and neck carcinoma. The trial showed promising response rates and disease control, with the vaccine combination being safe and well tolerated. The companies are also collaborating on Phase 3 trials for melanoma and non-small cell lung cancer.

Portfolio Pulse from Vandana Singh

April 09, 2024 | 6:16 pm

AMZN

MSFT

TSM

Microsoft Corp (NASDAQ:MSFT) announced a $2.9 billion investment in Japanese data centers by 2025 to boost AI and cybersecurity, coinciding with Prime Minister Kishida's US visit. This move aligns with Tokyo's AI ambitions and positions Microsoft as a key cloud services provider, second to Amazon.Com Inc (NASDAQ:AMZN). Additionally, Taiwan Semiconductor Manufacturing Co (NYSE:TSM) plans to source 60% of materials locally for its Japanese chip facility by 2030, with significant Japanese government investment. AWS also commits $15.5 billion to Japanese operations from 2023 to 2027.

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 6:07 pm