Streetbeat News

Partnerships

AUMN

BFLY

ENVB

SCTL

Butterfly Network, Inc. (BFLY) shares fell by 22% after reporting a larger-than-expected GAAP loss for Q4, despite beating sales estimates. Other stocks experienced significant movements, with Enveric Biosciences, Inc. (ENVB) and Societal CDMO, Inc. (SCTL) among the top gainers, while J-Long Group Limited (JL) and Golden Minerals Company (AUMN) led the losers.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 7:00 pm

C3.Ai, Inc. (NYSE:AI) sees positive analyst outlook amid unprecedented AI demand, with Wedbush raising its price target to $40 from $35 following Q3 revenue beat. Other analysts also provided updates, highlighting the company's growth potential, partner ecosystem strength, and the impact of generative AI on customer engagement. Despite concerns about technological differentiation and model visibility, the consensus points towards significant growth opportunities for C3.Ai.

Portfolio Pulse from Nabaparna Bhattacharya

February 29, 2024 | 6:57 pm

XPEV

Xpeng shares are trading higher following the announcement of a partnership with Volkswagen to jointly develop two B-class battery electric vehicles, signaling a significant collaboration in the electric vehicle sector.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:21 pm

DOGEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) surged over 15% following the announcement of a new privacy-focused network on the Shibarium blockchain in partnership with Zama. This network utilizes Fully Homomorphic Encryption and is supported by the Shiba Inu ecosystem token TREAT. The Shibarium network aims to offer low-fee financial services and gaming. Significant increases in new accounts and large transactions indicate strong buying activity. Analyst Altcoin Sherpa predicts potential huge runs for both Dogecoin (CRYPTO: DOGE) and Shiba Inu, highlighting their promising charts.

Portfolio Pulse from Khyathi Dalal

February 29, 2024 | 5:54 pm

VLCN

Volcon, Inc. (NASDAQ:VLCN) shares surged 36.36% to $1.65 after announcing the delivery of its first production vehicle, the Volcon Stag, to the U.S. Army Corps of Engineers for evaluation. This marks a significant rebound following a 100% dip over the last year. The company's CEO, John Kim, highlighted the successful launch of the Stag, the fastest-production electric UTV, and the ongoing full production of Grunt EVO motorcycles. Volcon aims to ramp up Stag production and sales while continuing its electric motorcycle deliveries globally.

Portfolio Pulse from Nabaparna Bhattacharya

February 29, 2024 | 5:37 pm

LUNR

SIDU

Sidus Space, Inc. (NASDAQ:SIDU) shares surged after announcing its LizzieSat satellite is ready for launch with SpaceX, aiming for a March 2024 launch. The satellite will support various industries with its data collection capabilities and onboard AI. The stock's movement is compared to Intuitive Machines, Inc. (NASDAQ:LUNR), which also saw a significant price increase following a successful launch.

Portfolio Pulse from Erica Kollmann

February 29, 2024 | 5:23 pm

ENVB

Enveric Biosciences' stock price increased following the announcement of signing three non-binding term sheets for the out-licensing of three classes of compounds.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 5:12 pm

BABA

BOTZ

MSFT

NVDA

Microsoft, OpenAI, and Nvidia have invested $675M in Figure AI, a startup focused on integrating AI-powered humanoid robots into the workforce. This investment aims to expand AI training, robot manufacturing, and engineering teams, with Figure AI's valuation reaching $2.6 billion. The startup has partnerships with OpenAI for AI model development and Microsoft for AI infrastructure, aiming to deploy robots in real-world applications, including BMW's U.S. factories. Additionally, Alibaba led a $1 billion investment in Moonshot AI, and the Global X Robotics & Artificial Intelligence ETF (BOTZ) has seen a 13% increase year-to-date.

Portfolio Pulse from Anusuya Lahiri

February 29, 2024 | 5:06 pm

AMZN

CRM

Salesforce Inc (CRM) exceeded fiscal Q4 estimates with an 11% YoY revenue increase to $9.29 billion but provided weak fiscal 2025 revenue guidance. The company announced a strategic partnership with Amazon.com Inc (AMZN), selling its products on Amazon's cloud marketplace, which is expected to enhance its AI and cloud capabilities. Despite a cautious revenue outlook due to foreign-exchange pressure and a weak professional services sector, Salesforce is optimistic about AI's future contributions to its financials, highlighted by the introduction of Einstein Copilot.

Portfolio Pulse from Upwallstreet

February 29, 2024 | 4:57 pm

MSFT

Microsoft Corp has partnered with French AI startup Mistral AI, investing in a minor stake valued at $2.17 billion to diversify its AI portfolio. This move, aimed at enhancing Microsoft's Azure AI platform with Mistral's AI capabilities, comes after Microsoft's substantial investment in OpenAI. Despite the potential of this partnership, Microsoft's stock experienced a slight decrease, dropping by almost 4% and closing at $407.54, down by 0.57% after the announcement.

Portfolio Pulse from Zaheer Anwari

February 29, 2024 | 4:47 pm