Streetbeat News

Partnerships

AMD

DELL

NVDA

Dell Technologies Inc (NYSE:DELL) reported fiscal 2024 Q4 results, surpassing analyst expectations with a nearly 20% share price increase, driven by strategic AI partnerships with Nvidia Corporation (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD). Despite an 11% YoY revenue drop to $25.04 billion, net income soared 89% YoY to $1.16 billion. Dell's AI-optimized servers and storage revenue showed significant growth. The company expects to return to growth in fiscal 2025, supported by AI investments and has increased its annual dividend by 20%.

Portfolio Pulse from Upwallstreet

March 04, 2024 | 2:37 pm

CSCO

DECK

DELL

SMCI

WHR

ZIONS

Super Micro Computer, Inc. (SMCI) is set to join the S&P 500 Index on March 18, alongside Deckers Outdoor Corp. (DECK), replacing Whirlpool Corporation (WHR) and Zions Bancorporation N.A. (ZIONS). Goldman Sachs initiated coverage on SMCI with a Neutral rating and a 12-month target price of $941. SMCI, a key player in AI infrastructure, has seen its shares surge nearly 1,000% in the past 14 months, outperforming Nvidia Corp. (NVDA). The company faces competition from DELL Technologies Inc. (DELL) and Cisco Systems Inc. (CSCO) as it expands into enterprise AI infrastructure.

Portfolio Pulse from Piero Cingari

March 04, 2024 | 2:34 pm

EPOW

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) announced its 'High-Energy Fast Charging Lithium Battery Graphite Anode Project' received approval from Guizhou Province's Department of Science and Technology. This project, part of the 'Industrialization of Advanced Scientific and Technological Achievements' plan, aims to enhance energy density, charging efficiency, and cycling performance of lithium batteries. The approval will provide additional funding and support, positioning EPOW as a leader in high-end battery graphite anode materials.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:28 pm

HURN

Huron (NASDAQ:HURN) has completed the acquisition of GG+A, a leading philanthropic management consulting firm. This move aims to enhance Huron's offerings in empowering educational, healthcare, arts, and nonprofit organizations through advanced philanthropic programs. The acquisition is expected to strengthen Huron's Education operating segment by integrating GG+A's consulting expertise with Huron's digital capabilities and client relationships.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:09 pm

NRXS

NeurAxis, Inc. (NYSE:NRXS), a medical technology company, announced that Blue Cross and Blue Shield of Kansas City (BCBSKC) will now cover its neuromodulation therapies, expanding its coverage to approximately 9.25 million individuals. This development is part of NeurAxis's commercial strategy to leverage clinical evidence for its IB-Stim technology to obtain payer coverage and drive market adoption.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:07 pm

ODP

The ODP Corporation (NASDAQ:ODP) has announced a partnership with Matthews South to optimize the execution of its new $1 billion share repurchase program. This collaboration aims to enhance the efficiency of share repurchases, aligning with ODP's commitment to a low-cost business model and capital allocation strategy. The program's execution will depend on market conditions and other factors, and it may be suspended or discontinued at any time.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:03 pm

IMMR

NTDOY

Immersion Corporation (IMMR) has renewed its license agreement with Nintendo Co., Ltd. (NTDOY), allowing Nintendo continued access to Immersion's haptic technology patents. Immersion's President and CEO, Eric Singer, expressed pleasure in continuing the partnership.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:02 pm

UBER

Uber has collaborated with Mastercard and Payfare to introduce the Uber Pro Card in Canada, aiming to offer financial benefits to drivers and delivery people. This partnership is designed to enhance the financial well-being of Uber's workforce by providing them with a new financial product that offers various perks and rewards.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:02 pm

GMM

Global Mofy Metaverse (GMM) has secured a new customer order to provide 3D digital asset licensing, virtual technology production, and other related services. This development indicates GMM's growing influence in the metaverse and digital asset sector.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:01 pm

SPNS

Sapiens International Corporation (NASDAQ:SPNS) announced its strategic expansion in the Canadian market to support and grow its customer base among Canadian insurers. This move includes increasing its workforce in Ontario and enhancing its software solutions offerings, such as Sapiens CoreSuite for Workers Compensation and Sapiens DigitalSuite. The expansion aims to strengthen Sapiens' presence in Canada, where it has been serving leading insurers for over 15 years, and to support new and existing customers with advanced SaaS solutions.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:51 pm