Streetbeat News

Partnerships

IMAX

IMAX and Major Cineplex have expanded their partnership by agreeing to open three new IMAX with Laser locations across Thailand. This move is part of IMAX's rapid expansion strategy in Southeast Asia.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:37 pm

IMAX

IMAX and Bona Film Group have expanded their partnership by agreeing to open three new IMAX locations in China. This marks their first agreement since the COVID-19 pandemic, reflecting the continued surge in Chinese moviegoing.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:36 pm

BLIN

Schaedler Yesco, an electrical distribution company, has implemented Bridgeline Digital's HawkSearch technology on its eCommerce site to enhance search capabilities and improve customer experience. This move is expected to positively impact Bridgeline Digital's financial performance by showcasing the effectiveness of its HawkSearch technology and potentially attracting more clients.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:33 pm

RVSN

Rail Vision's stock price increased following the announcement that it has received an order for its AI-powered Switch Yard System from a Class 1 freight rail company in North America.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:24 pm

AMD

BB

BlackBerry Limited (NYSE:BB) shares are up in premarket trading following the announcement of a collaboration with Advanced Micro Devices, Inc. (NASDAQ:AMD) to develop a new platform for next-generation robotic systems. This platform aims to provide low latency, jitter, and repeatable determinism in robotics, enhancing performance, reliability, and scalability in industrial and healthcare sectors. The collaboration leverages BlackBerry QNX's real-time software solutions and AMD's Kria K26 SOM technology. BlackBerry also reported a Q4 FY24 revenue of $173 million, surpassing expectations and marking a significant year-over-year growth.

Portfolio Pulse from Nabaparna Bhattacharya

April 09, 2024 | 12:23 pm

AGMH

AGM Group Holdings' shares surged following the announcement of a Memorandum of Understanding with RED DOT ANALYTICS, indicating a potential collaboration or partnership.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:20 pm

AVGO

GOOG

GOOGL

META

Broadcom Inc. (NASDAQ:AVGO) is set for growth with Meta Platforms Inc (NASDAQ:META) as a new multi-billion-dollar AI ASIC customer. JPMorgan analyst Harlan Sur highlights Broadcom's success in securing next-gen 3nm AI ASIC chip wins with Google (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta, projecting significant revenue increases. Broadcom's AI ASIC revenues are expected to reach over $9 billion this year, a substantial rise from last year's $3.5 billion, driven by partnerships with Google and Meta. Sur anticipates Broadcom's total AI semiconductor shipments to hit $10-$12 billion this year, marking a 2.5X growth compared to 2023.

Portfolio Pulse from Surbhi Jain

April 09, 2024 | 12:19 pm

AGMH

AGM Group Holdings has signed a Memorandum of Understanding (MoU) with RED DOT ANALYTICS PTE. LTD to construct AI data centers. This partnership will utilize RDA's digital-twin platform alongside AGM's purpose-built data centers designed specifically for AI workloads.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:19 pm

IRDM

Iridium Communications Inc. shares are experiencing an uptick following the announcement of a five-year commercial contract with L3Harris Technologies for satellite time and location services.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:09 pm

AVGO

GOOG

GOOGL

Broadcom announced its decision to migrate its VMWare workloads to Google Cloud, marking a significant partnership between the two tech giants. This move is expected to enhance Broadcom's cloud capabilities and efficiency, while also showcasing Google Cloud's strength in handling large-scale enterprise solutions.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:04 pm