Streetbeat News

Partnerships

AAPL

HNHPF

NVDA

Foxconn, an Apple Inc. supplier, is partnering with Nvidia to enter the AI server market, as reported by analyst Ming-Chi Kuo. Nvidia has shifted its strategy on the GB200 GPU development, reducing reliance on Foxconn's Ingrasys, which may affect market perceptions of Foxconn's advantages. The GB200 GPU, crucial for 2024-2025 AI strategies, faces low shipment visibility due to customer concerns over ROI and bargaining power with Nvidia. This move by Foxconn aims to counteract its revenue dip amid slow market demand.

Portfolio Pulse from Ananya Gairola

March 14, 2024 | 9:31 am

WISH

ContextLogic has signed satirical YouTubers Zac Alsop and Grandpa Ray for a fashion category campaign running from March to May 2024. This strategic move aims to leverage their influence to boost the brand's visibility and appeal within the fashion sector.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:31 am

MGNI

Magnite (NASDAQ:MGNI) and Mediaocean have announced an exclusive partnership to enhance automation and efficiency in media planning, execution, and reconciliation for streaming TV. This collaboration leverages Magnite's ClearLine solution, allowing Prisma users to directly activate streaming campaigns with premium video sellers. The partnership expands on a 2023 agreement integrating Magnite's streaming inventory into Mediaocean's advertising infrastructure for local TV buyers.

Portfolio Pulse from Charles Gross

March 14, 2024 | 9:25 am

MSFT

ORCL

Microsoft and Oracle have announced an expansion of their collaboration to address the increasing global demand for Oracle Database services on Microsoft Azure. This partnership aims to enhance the integration and efficiency of Oracle's database solutions within the Azure cloud platform, providing customers with improved performance, scalability, and security.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:09 am

MIELY

Mitsubishi Electric Corporation has partnered with Nozomi Networks Inc to enhance operational technology (OT) security solutions. This partnership includes joint marketing and technical development efforts. Additionally, Mitsubishi Electric has acquired an equity stake in Nozomi Networks.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 7:41 am

BLSFF

NXT

Orrcon Steel and Nextracker have partnered to enhance Australia's sovereign solar capability, with the first project being the 480MWp Aldoga Solar Farm built by ACCIONA Energia near Gladstone, utilizing Australian made steel components.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 7:38 am

ERJ

EVEX

Embraer has chosen Dassault Systèmes' simulation technology to simulate, analyze, and test virtually its Eve Air Mobility's electric vertical take-off and landing (eVTOL) aircraft. This partnership aims to enhance the development process of Embraer's eVTOL aircraft by leveraging advanced simulation tools.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 7:33 am

COIN

MSTR

Cryptocurrencies showed mixed performance with Ethereum completing the 'Duncun' upgrade, aimed at reducing data fees on layer-2 networks. Bitcoin reached a new all-time high, attributed to the success of spot BTC ETFs and MicroStrategy's bond offering to buy more Bitcoin. The global cryptocurrency market cap increased by 1.73%. Stocks, including Nvidia, closed lower, while Coinbase and MicroStrategy stocks rose. Analysts predict continued growth for Bitcoin, with potential for a liquidity crisis due to high ETF inflows.

Portfolio Pulse from Mehab Qureshi

March 14, 2024 | 3:52 am

PLTR

Palantir Technologies Inc's CEO, Alex Karp, criticized short sellers for targeting American companies, including Palantir, to fund their lifestyles. Karp's comments followed a 9.8% surge in Palantir's stock after its TITAN system was selected by the U.S. Army. Despite controversies, including employee losses due to Karp's support for Israel, Palantir's stock has been performing well, with a recent 1.21% increase.

Portfolio Pulse from Benzinga Neuro

March 14, 2024 | 2:21 am

PLTR

Palantir Technologies Inc. (NYSE:PLTR) CEO Alex Karp's public support for Israel has led to an employee exodus, with more expected to leave. The company, known for its defense and intelligence technology, has been involved in providing support to the Israeli military, sparking controversy. Despite this, Palantir's stock has been performing well, closing at $25.00 with a 1.21% increase. Additionally, Palantir recently secured a $178.4 million contract with the U.S. Army.

Portfolio Pulse from Navdeep Yadav

March 14, 2024 | 1:51 am