Streetbeat News

Partnerships

AMZN

GOOGL

Amazon's Zoox has announced advancements in its robotaxi testing in Las Vegas and California, increasing its top speed to 45 mph and expanding its testing area. This comes as Waymo begins offering driverless rides in Los Angeles. Zoox aims to provide public rides later this year, while Waymo plans to expand its service across multiple cities. Cruise's services remain suspended following an accident.

Portfolio Pulse from Anan Ashraf

March 15, 2024 | 8:54 am

BTDR

NVDA

Benchmark has highlighted Bitdeer Technologies (NASDAQ:BTDR) as a promising investment, with potential for its stock to more than double, thanks to its partnership with Nvidia (NASDAQ:NVDA). Bitdeer, a crypto mining company expanding into AI, is recognized for its scalable business model and diversified revenue streams. Analysts from Benchmark and BTIG have set optimistic price targets for Bitdeer, reflecting confidence in its growth strategy and the broader industry's focus on AI.

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 8:34 am

SSTK

Elon Musk has accused OpenAI of stealing data after an interview with CTO Mira Murati raised questions about the AI model Sora's data sourcing. Murati confirmed using publicly available and licensed data, including from Shutterstock, for training Sora. This has led to speculation about the ethical implications of using such data. Musk, who co-founded OpenAI and left in 2018, has been critical of the company's practices, including its partnership with Shutterstock to train AI models. This controversy adds to the ongoing rift between Musk and OpenAI, amidst global concerns over ethical AI use.

Portfolio Pulse from Ananya Gairola

March 15, 2024 | 1:52 am

SSNLF

TSM

The U.S. government is reportedly set to provide over $6 billion to Samsung Electronics (OTC:SSNLF) to expand its chip production in the U.S., as part of the 2022 Chips and Science Act. This move aims to boost domestic chip production amid a global shortage and reduce dependence on foreign manufacturers. Additionally, Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is also expected to receive over $5 billion in funding, highlighting the U.S. government's commitment to fostering competition in the chipmaking industry.

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 1:43 am

BUD

DWAC

META

ORCL

Former President Donald Trump reversed his stance on banning TikTok, suggesting it would benefit Meta Platforms (META) and expressing a desire not to see Facebook prosper. This change follows the U.S. House's approval of a bill potentially banning TikTok. Trump's media company, set to merge with Digital World Acquisition Corp (DWAC), could benefit from a TikTok ban. Trump's reversal may also be influenced by his connection to Republican megadonor Jeff Yass, a significant ByteDance shareholder. Additionally, Trump's recent support for Anheuser-Busch (BUD) followed a similar pattern, raising questions about the motivations behind his public positions.

Portfolio Pulse from Chris Katje

March 14, 2024 | 10:32 pm

CTGO

Contango ORE, Inc. (CTGO) reported a net loss of $40.8 million or $4.44 per share for the six-month period ending December 31, 2023, compared to a net loss of $21.4 million or $3.15 per share for the same period in 2022. The increased loss was primarily due to a $23.4 million unrealized loss on derivative gold hedging contracts and increased interest and administrative costs. The company completed a senior secured loan facility of up to $70 million, invested $34.4 million in the Peak Gold JV, and raised $30.4 million through a public offering. Construction at the Manh Choh project, operated by Kinross Gold Corporation, is on schedule for initial production in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:49 pm

XPDB

Power & Digital Infrastructure Acquisition II Corp. (XPDB) announced the closing of its business combination with Montana Technologies LLC, inventor of AirJoule®, a renewable energy and cooling technology. The combination, supported by over $50 million in capital commitments from Carrier Corporation, Rice Investment Group, and GE Vernova, will enable the commercialization of AirJoule®. Montana Technologies Corporation will trade on NASDAQ under the symbols 'AIRJ' and 'AIRJW'. The funding and partnerships with companies like BASF, GE Vernova, CATL, and Carrier aim to scale and deploy AirJoule® units globally.

Portfolio Pulse from Happy Mohamed

March 14, 2024 | 7:47 pm

AAPL

AMZN

MUSQ

SONY

The 96th Academy Awards highlighted the integral role of music in cinema, with 'Oppenheimer' and 'Barbie' being notable winners. Universal Music Group and Sony Music Entertainment artists were among the winners and nominees, showcasing their influence in the industry. Apple's 'Killers of the Flower Moon' also received nominations. The MUSQ Global Music Industry ETF offers investment exposure to the music sector, including companies like Amazon, Apple, Sony, and Universal.

Portfolio Pulse from Melanie Schaffer

March 14, 2024 | 7:07 pm

IFNNY

NVDA

TSLA

WKSP

Tesla Inc (NASDAQ:TSLA) faces a cooling EV market, impacting its growth projections. Worksport (NASDAQ:WKSP) is innovating in the automotive industry with its solar-powered products and partnership with Infineon Technologies AG (OTC:IFNNY) to use GaN semiconductors, aiming to surpass the current silicon-based solutions like those from NVIDIA Corporation (NASDAQ:NVDA). Nvidia is also exploring new technologies beyond silicon, as indicated by its upcoming GTC AI Conference.

Portfolio Pulse from Upwallstreet

March 14, 2024 | 6:06 pm

GEHC

GE HealthCare (GEHC) and Hartford HealthCare have renewed their Care Alliance agreement for another 7 years, aiming to enhance patient care and access in Connecticut. The collaboration will focus on innovation, improving patient and staff experiences, and advancing imaging technologies through 2030.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 5:31 pm