Streetbeat News

Partnerships

ASST

Asset Entities shares are trading higher following the announcement of an agreement with Zendrop.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:58 pm

ALAB

AMD

AMZN

INTC

NVDA

Astera Labs Inc (NASDAQ:ALAB), a provider of semiconductor connectivity solutions, surged 72% in its Nasdaq debut, closing at $62.03 and reaching a market cap of $9.5 billion. The company raised $700 million in its IPO, highlighting strong demand for AI technologies. Astera Labs supplies to major tech companies like Nvidia, AMD, Intel, and Amazon, positioning it as a significant player in the AI infrastructure ecosystem. Amazon's strategic investment in Astera Labs further emphasizes its potential in the AI space.

Portfolio Pulse from Surbhi Jain

March 21, 2024 | 12:56 pm

KZIA

Kazia Therapeutics has entered into a licensing agreement with Sovargen for the use of Paxalisib in treating intractable seizures in rare central nervous system diseases. This partnership aims to expand the application of Paxalisib beyond its current uses.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:54 pm

SVRE

SaverOne 2014 Ltd. (NASDAQ:SVRE) has partnered with a global consultancy firm to develop a strategic plan for its Vulnerable Road User (VRU) solution, which enhances Advanced Driver Assistance System sensors. The plan may include a spin-off of the VRU business. The technology aims to improve road safety by detecting pedestrians and cyclists through their cellphone signals, even in challenging conditions.

Portfolio Pulse from Happy Mohamed

March 21, 2024 | 12:54 pm

AAPL

AMZN

COIN

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin are on the rise after the Federal Reserve held rates steady, with predictions of Bitcoin reaching $500K. Amazon is enhancing delivery speeds to compete with Alibaba rivals Temu and Shein. Coinbase is set to introduce futures trading for Dogecoin, Litecoin, and Bitcoin Cash. In the US, market sentiment improves post-Fed decision, and political tensions rise with discussions on Trump's potential return to power. Globally, tensions between the US, China, and Taiwan are highlighted. In tech, Amazon competes in delivery, Apple faces legal challenges, and Meta criticizes Apple's legal evasion. The electric vehicle and healthcare sectors also see significant developments.

Portfolio Pulse from Akanksha Bakshi

March 21, 2024 | 12:42 pm

AMZN

FDX

FedEx Corporation (NYSE:FDX) is anticipated to report Q3 earnings of $3.46 per share on revenue of $22.06 billion. The company, having explored collaborations with Amazon.com Inc (NASDAQ:AMZN), offers a dividend yield of 1.94%. To earn $500 monthly from dividends, an investor would need 1,190 shares, valued at approximately $309,388. The dividend yield fluctuates with stock price and dividend payment changes. FedEx shares recently gained 1.3%, closing at $259.99.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 12:38 pm

ALTO

Alto Ingredients, Inc. (NASDAQ:ALTO) announced the resignation of Michael D. Kandris as Interim COO effective April 1, 2024, and his transition to a special advisor until his retirement on June 20, 2024. Todd E. Benton, with over 25 years of experience at Alto's Pekin facilities, has been appointed as the new COO effective April 1, 2024. Benton's leadership is expected to focus on operational efficiency, safety, reliability, sustainability, and the completion of the carbon capture and storage (CCS) project at the Pekin campus.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:37 pm

DTST

Data Storage Corporation (NASDAQ:DTST) has been selected by a major U.S. insurance company for cloud migration, hosting, and managed services through its CloudFirst Solutions subsidiary. This project involves migrating a division's data center to the cloud and implementing advanced security solutions. The selection was based on DTST's reliable data circuits and proven track record with Fortune 500 and financial services companies. This partnership is expected to provide high-margin, recurring revenue and may expand to more divisions and geographies.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:34 pm

CAUD

Collective Audience has signed Genesis Communications, but the financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:33 pm

WBX

Wallbox (NYSE:WBX) and Bidirectional Energy have been awarded $2.2M by the California Energy Commission for a project involving the installation of Wallbox's Quasar 2 bidirectional chargers in 120 California homes. These chargers, managed by Bidirectional Energy's VPP platform, aim to provide energy backup, reduce utility bills, and offer financial rewards by leveraging vehicle-to-grid technology. The project supports California's clean energy goals and the transition to renewable energy, with potential savings for users exceeding $1,000 annually.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:33 pm