Streetbeat News

Partnerships

INTC

Intel Corporation's recent GenAI webinar showcased the transformative impact of generative AI in the retail and beauty sectors, featuring insights from industry leaders and highlighting collaborations with Iterate.ai and e.l.f. Beauty. The session emphasized the importance of strategic partnerships and the right AI use cases to enhance customer experiences and operational efficiency.

Portfolio Pulse from Tornado

April 05, 2024 | 6:16 pm

AAPL

HNHPF

NVDA

Foxconn, owned by Hon Hai Precision Industry Co. Ltd (OTC:HNHPF) and a key supplier for Apple Inc (NASDAQ:AAPL), reported a 9.6% drop in Q1 revenue but expects growth in Q2, attributing potential gains to its involvement in AI and partnership with Nvidia Corporation (NASDAQ:NVDA). Despite a seasonal sales slump and a recent earthquake, increased demand in consumer electronics and cloud services, alongside its AI initiatives with Nvidia, fuels Foxconn's optimistic revenue outlook.

Portfolio Pulse from Upwallstreet

April 05, 2024 | 6:14 pm

DNUT

MCD

Krispy Kreme Inc's (DNUT) shares surged after Pipler Sandler analyst Brian Mullan upgraded the stock to Overweight and increased the price target from $14 to $20, citing a national partnership with McDonald's Corp (MCD) as a catalyst for significant expansion in the U.S. The partnership is expected to add thousands of Points of Access for DNUT through McDonald's locations over the next three years, enabling DNUT to boost donut production capacity investments. Despite recent challenges in free cash flow generation, the analyst believes DNUT can reduce its balance sheet leverage by 2026 while financing its expansion.

Portfolio Pulse from Shivani Kumaresan

April 05, 2024 | 6:09 pm

BYRN

GCTS

HUBC

MDIA

STIX

Byrna Technologies Inc. shares rose by 7.1% after reporting Q1 revenue that exceeded expectations and announcing a CFO transition. Other stocks also moved significantly in the mid-day session, with notable gainers including MediaCo Holding Inc., HUB Cyber Security Ltd., and GCT Semiconductor Holding, Inc., among others. Losers included Semantix, Inc., noco-noco Inc., and IM Cannabis Corp. Key reasons for movements include stake acquisitions, financing deals, MOUs, earnings reports, and analyst ratings.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 5:06 pm

VTRS

Theramex is reviewing the CMA's decision concerning its deal with Viatris (VTRS), focusing on addressing competition concerns. Despite the decision, Theramex commits to providing competitive HRT options for women and ensuring the supply of existing HRT products in the UK remains unaffected.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 4:53 pm

VRTS

Theramex is reviewing the CMA's decision on its deal with Viatris, focusing on addressing competition concerns. Despite the review, Theramex commits to providing competitive HRT options for the NHS and states the decision won't affect its current HRT product supply in the UK.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 4:51 pm

BASFY

XNGSY

BASF SE (OTC:BASFY) has signed a deal with ENN Energy Holdings Limited (OTC:XNGSY) to supply natural gas to its Zhanjiang Verbund site in China. ENN Energy will construct necessary infrastructure for a stable gas supply. This partnership marks a significant step towards BASF's largest investment, the Zhanjiang Verbund site, and supports clean energy supply in the region. BASF aims to make this site a model of sustainable production.

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 4:42 pm

FET

NEAR

RNDR

SOL

TAO

The crypto venture capital landscape in 2024 is shifting towards projects with real-world utility, particularly in AI and Layer-2 solutions. Traditional VCs are re-engaging, with significant interest in AI-related cryptocurrencies like Bittensor, Near Protocol, Fetch, and Render. The industry is moving away from memecoins and NFT hype, focusing on technological sophistication and scalability. Infrastructure projects, especially those involving zero-knowledge proofs and restaking, are also attracting attention. However, NFTs and GameFi sectors are experiencing a decline in funding.

Portfolio Pulse from Murtuza Merchant

April 05, 2024 | 4:40 pm

MBGAF

MBGYY

RIVN

TSLA

Workers at Mercedes Benz Group AG's Alabama factory petitioned for a UAW union election, aiming to file with the NLRB. The UAW claims over 5,000 workers support joining, with a vote expected by early May. Mercedes denies violating Germany's global supply chain law. The UAW's efforts extend to other non-union automakers like Hyundai, Toyota, Tesla, and Rivian, with UAW President Shawn Fain seeking to expand union representation. President Biden supports UAW's efforts. Volkswagen workers in Tennessee also seek a UAW vote.

Portfolio Pulse from Shivani Kumaresan

April 05, 2024 | 4:39 pm

DAT

LIFW

ORCL

PLTR

SHLD

Palantir Technologies Inc. (NYSE:PLTR) shares are up following a partnership announcement with Oracle Corporation (NYSE:ORCL) to deliver secure cloud and AI solutions globally. The collaboration involves moving Palantir's Foundry workloads to Oracle Cloud Infrastructure, aiming to enhance data value and competitive edge. Additionally, Palantir disclosed a 6.5% stake in MSP Recovery, Inc (NASDAQ:LIFW). Investors can also gain exposure to PLTR through ProShares Big Data Refiners ETF (NYSE:DAT) and Global X Funds Global X Defense Tech ETF (NYSE:SHLD). PLTR's stock has risen by 2.87% to $23.13.

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 4:19 pm