Streetbeat News

Partnerships

GME

MSFT

TTW

GameStop Corporation (NYSE:GME) reported a disappointing fourth quarter, missing both revenue and earnings estimates, as the shift to digital downloads and cloud gaming, notably by Microsoft Corporation (NASDAQ:MSFT), continues to impact its business. The company's efforts to cut costs and exit international markets have not yet resulted in a sustainable profitability turnaround. The gaming industry's broader challenges, including competition from e-commerce and reduced consumer spending, also affect other publishers like Take-Two Interactive Software Inc (NASDAQ:TTW) and Electronic Arts Inc (NASDAQ:EA).

Portfolio Pulse from Upwallstreet

March 27, 2024 | 3:19 pm

AGIXUSD

FETUSD

OCEANUSD

Three blockchain-based AI firms, SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN), are discussing a merger of their tokens into a new entity called ASI, valued at $7.5 billion. The merger aims to create a decentralized AI ecosystem, challenging the dominance of large tech companies. Each firm will continue to operate independently within a 'Superintelligence Collective'. Ben Goertzel and Humayun Sheikh are set to lead the initiative.

Portfolio Pulse from Murtuza Merchant

March 27, 2024 | 3:15 pm

CEIX

CSX

RCL

TSLA

The collapse of the Francis Scott Key Bridge, impacting the Port of Baltimore, has caused Tesla, Ford, and GM to seek alternative shipping routes. Ford anticipates a significant impact, while GM expects minimal disruption. European carmakers and cruise operators also anticipate adjustments, with Carnival Corporation forecasting a $10 million negative impact. Coal exporters and rail freight services face challenges, with Consol Energy and CSX Corporation noting potential operational impacts.

Portfolio Pulse from Neil Dennis

March 27, 2024 | 3:07 pm

COHR

IDGT

JNPR

MRVL

SPRX

Marvell Technology, Inc (NASDAQ:MRVL) is set to present its optical technology innovations for AI and cloud data centers at OFC 2024, with Citigroup maintaining a Buy rating and a $91 price target on MRVL shares. The company will showcase products like Nova 2 and the Marvell 3D Silicon Photonics Engine, aimed at enhancing data center efficiency. Collaborations with Juniper Networks Inc (NYSE:JNPR) and Coherent Corp (NYSE:COHR) will be highlighted, focusing on data center interconnects and telecommunications. MRVL shares have seen a 72% increase over the last 12 months, with exposure available through IShares U.S. Digital Infrastructure And Real Estate ETF (NYSE:IDGT) and Spear Alpha ETF (NASDAQ:SPRX).

Portfolio Pulse from Anusuya Lahiri

March 27, 2024 | 2:46 pm

DNUT

Krispy Kreme shares are trading lower following a recent surge due to a partnership announcement with McDonald's. The initial excitement has tapered off, leading to a pullback in the stock's price.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 2:38 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for March 27th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It offers detailed analysis for each asset, including potential bullish and bearish price targets. The memo also highlights the importance of monitoring trade balance revisions, Treasury auctions, and market dynamics as the quarter-end rebalance approaches. RIPS, a pro trader, curates the memo, offering insights and real-time mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

March 27, 2024 | 2:36 pm

ONDS

Ondas Holdings Inc. (NASDAQ:ONDS) has announced a strategic partnership through its subsidiary American Robotics Inc. with ResilienX Inc. to enhance the safety and efficiency of autonomous systems, particularly in BVLOS operations. The partnership involves integrating ResilienX's FRAIHMWORK IASMS solution into American Robotics' systems, including the Optimus System, and reselling ResilienX's software solutions. This collaboration aims to improve the reliability and performance of autonomous systems through continuous monitoring and quick issue mitigation.

Portfolio Pulse from Akanksha Bakshi

March 27, 2024 | 2:19 pm

RACE

Ferrari N.V. (NYSE:RACE) has renewed its technological collaboration with battery manufacturer SK On, continuing their partnership since 2019. This collaboration focuses on exploring new possibilities and solutions for Ferrari's high-performance models, including the SF90 Stradale, SF90 Spider, 296 GTB, and 296 GTS. Ferrari's CEO emphasized the importance of collaboration for progress. RACE shares saw a slight increase of 0.49% to $440.13.

Portfolio Pulse from Shivani Kumaresan

March 27, 2024 | 2:09 pm

IBIO

iBio Inc (NYSE:IBIO) shares surged over 100% after announcing a collaboration with AstralBio Inc to develop antibodies for obesity and cardiometabolic conditions. The surge followed a $15 million private placement financing and the granting of an exclusive license to AstralBio for AI-powered technology to identify and engineer targets for cardiometabolic disease. iBio retains the option to license three cardiometabolic targets from AstralBio and will develop, manufacture, and commercialize those targets upon exercise.

Portfolio Pulse from Vandana Singh

March 27, 2024 | 2:04 pm

AVGO

MRVL

MTSI

The demand for AI-driven networking and optical infrastructure is surging, with significant growth expected in CY24 and CY25. Broadcom Inc, Marvell Technology Inc, and MACOM Technology Solutions Holdings Inc are highlighted as key players poised to benefit from this trend, according to JPMorgan analyst Harlan Sur. Broadcom's AI networking revenues are projected to increase, Marvell's collaborations with tech giants support its dominance, and MACOM's innovation in components positions them strongly in the market.

Portfolio Pulse from Surbhi Jain

March 27, 2024 | 2:00 pm