Streetbeat News

Partnerships

ERIC

MSFT

NVDA

TMUS

Microsoft Corp (NASDAQ:MSFT) is expanding its presence in the telecom equipment market through a partnership with Etisalat to build a 5G network in the UAE and launching the AI RAN Alliance with Nvidia Corp (NASDAQ:NVDA), Ericsson (NASDAQ:ERIC), and T-Mobile US, Inc (NASDAQ:TMUS). Additionally, Microsoft, OpenAI, and Nvidia are investing $675 million in Figure AI for AI-powered humanoid robots. MSFT shares dropped slightly by 0.22%.

Portfolio Pulse from Anusuya Lahiri

March 01, 2024 | 5:19 pm

META

NVDA

Meta Platforms Inc's stock (META) reached a new all-time high, surpassing $500, marking a 40% increase YTD and 185% over the past year. This surge is attributed to recent developments, including partnerships and advancements in AI and AR technologies. Technical indicators and analyst ratings suggest a strongly bullish trend, despite the RSI indicating the stock might be overbought. Nvidia Corp (NVDA) leads the Magnificent Seven stocks with a 248% return YTD.

Portfolio Pulse from Surbhi Jain

March 01, 2024 | 5:05 pm

AEHR

Aehr Test Systems (NASDAQ:AEHR) has shipped a new high-power configuration of its FOX-XP system to a major silicon photonics customer for wafer level burn-in and stabilization of next-gen silicon photonics ICs. This system enables cost-effective volume production testing of photonic ICs, crucial for optical I/O and co-packaged optics markets. The FOX-XP system can test up to 8,192 high-power optical devices across nine wafers simultaneously, supporting up to 3,500 watts per wafer. This advancement is seen as a significant market opportunity, with companies like AMD, Nvidia, Intel, TSMC, and GlobalFoundries moving towards optical chip-to-chip communication.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 4:40 pm

CELH

Celsius Holdings (NASDAQ:CELH) has seen significant options trading activity, indicating a split sentiment among big-money investors, with 50% bullish and 50% bearish. The trading volume and open interest suggest a focus on a price range between $55.0 and $115.0. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently down by -1.0%, with a trading volume of 3,635,038 and an RSI indicating potential overbought status. Analyst ratings are mixed, with a consensus target price of $79.0.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 4:32 pm

AVCNF

TLRY

TYL

MMJ.com is expanding its medical marijuana telehealth services to 26 states, enhancing patient access and leveraging telehealth innovation. Tilray Brands, Inc. (TLRY) and Avicanna Inc. (AVCNF) have launched platforms to educate on medical cannabis, while Tyler Technologies, Inc. (TYL) provides a licensing solution for the cannabis industry in Mississippi. The Benzinga Cannabis Capital Conference in Florida will further discuss industry trends.

Portfolio Pulse from Jelena Martinovic

March 01, 2024 | 4:29 pm

IYW

MSFT

Microsoft Corporation's partnership with OpenAI is highlighted as a significant competitive advantage by Stifel analyst Brad Reback, potentially doubling Azure's total addressable market and sustaining Microsoft's double-digit revenue and profitability growth. The iShares U.S. Technology ETF, with a notable weighting in Microsoft, also saw an increase.

Portfolio Pulse from Neil Dennis

March 01, 2024 | 4:22 pm

AMD

INTC

MSFT

NVDA

QQQ

TQQQ

Microsoft Corp has launched DirectSR, a new Windows API designed to enhance AI-upscaling in games by leveraging technologies from Nvidia, AMD, and Intel. This API simplifies the development process by allowing game developers to use a single code path for various super-resolution technologies. The move is expected to improve gaming experiences across different hardware platforms. Additionally, Microsoft's recent layoffs and game cancellations were mentioned, alongside the performance of ProShares UltraPro QQQ and Invesco QQQ Trust, Series 1.

Portfolio Pulse from Anusuya Lahiri

March 01, 2024 | 4:01 pm

AAPL

AMGN

MNDY

MRK

VMC

VRTX

Goldman Sachs removed Apple Inc (AAPL) from its Conviction List but maintained a Buy rating with a $232 price target. The removal follows the release of iPhone 15, Vision Pro, and a report on Apple ending its electric vehicle plans. Goldman Sachs also ended its partnership on the Apple Card with Apple. Meanwhile, Goldman Sachs added Amgen Inc (AMGN), Monday.com (MNDY), and Vulcan Materials Company (VMC) to the Conviction List, removing Merck & Co (MRK) and Vertex Pharmaceuticals (VRTX) alongside Apple.

Portfolio Pulse from Chris Katje

March 01, 2024 | 3:40 pm

CGC

TLRY

Germany's partial legalization of cannabis is expected to have a domino effect across Europe, inspiring other nations to reevaluate their cannabis policies. Industry experts from Demecan, Tilray Brands, and Canopy Growth's Storz & Bickel discuss the opportunities and challenges in the German market, including high barriers to entry and rigorous quality control standards. The reform is seen as a significant opportunity for growth and expansion, particularly for companies like Carma HoldCo, which is exploring avenues to establish a strong foothold in Germany.

Portfolio Pulse from Nina Zdinjak

March 01, 2024 | 3:25 pm

CGC

TLRY

Germany's partial legalization of cannabis is expected to significantly impact the medical marijuana program, enabling personal possession, consumption, and the establishment of non-profit cannabis social clubs. Industry experts from Demecan, Tilray Brands, and Canopy Growth's Storz & Bickel weigh in on the benefits and opportunities this reform brings, including expanded medical cannabis market, improved patient access, and innovation in research and development.

Portfolio Pulse from Nina Zdinjak

March 01, 2024 | 3:24 pm