Streetbeat News

Partnerships

AKLI

Akili's stock price increased following the announcement that its Japanese partner, Shionogi & Co. Ltd, has submitted their digital therapeutic SDT-001 for marketing approval in Japan.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 6:01 pm

NVDA

PANW

Palo Alto Networks' stock is up following the announcement of a new private 5G security solution developed in partnership with Nvidia and others. Additionally, a filing revealed that Rep. Pelosi purchased call options in the company.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:59 pm

ARM

INTC

NVDA

Rosenblatt analyst Hans Mosesmann reiterated a Buy rating on Arm Holdings Plc (NASDAQ:ARM), raising the price target from $140 to $180, citing strategic shifts towards AI and increased royalties. Mosesmann forecasts double-digit royalty rates by the end of the decade, with ARM's technology becoming indispensable in AI, similar to Nvidia in GPUs. The move to the new v9 architecture and the computing subsystem (CSS) program are highlighted as key drivers. Additionally, Arm's partnership with Intel Corp (NASDAQ:INTC) for future process node support was noted, emphasizing Arm's critical role in the industry.

Portfolio Pulse from Anusuya Lahiri

February 26, 2024 | 5:40 pm

EZFL

EzFill Holdings, Inc. (NASDAQ:EZFL) announced the launch of an enhanced EzFleet portal and new features in its consumer application, aimed at improving fuel management for businesses and consumers. The EzFleet portal offers automation tools for fleet and construction equipment fuel management, while the consumer app now includes features for ordering fuel for in-home generators, VIP discounts, and rewards points. The company has onboarded 6,822 assets across 318 locations and received positive feedback from major construction equipment rental companies.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:16 pm

NVO

Neomorph and Novo Nordisk have entered into a collaboration to discover, develop, and commercialize molecular glue degraders for cardiometabolic and rare diseases, with a potential deal value of $1.46B. This partnership combines Neomorph's molecular glue discovery platform with Novo Nordisk's expertise in these diseases. Neomorph will lead discovery and preclinical activities, while Novo Nordisk has rights for further development and commercialization.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:13 pm

GOOG

MSFT

NVDA

Nvidia CEO Jensen Huang uses AI tools Perplexity AI and OpenAI's ChatGPT for research, both of which utilize Nvidia hardware. Huang's preference for these tools highlights their significance in AI research and applications, including computer-aided drug discovery. Notably, Google's Gemini was absent from his list. Nvidia recently led a $73.6 million funding round in Perplexity, emphasizing its strategic importance to Nvidia.

Portfolio Pulse from Rounak Jain

February 26, 2024 | 4:57 pm

MSFT

Microsoft has announced its 'AI Access Principles' at the Mobile World Congress, committing to major investments, partnerships, and programs to foster innovation and competition in the AI economy. These principles guide Microsoft's operation of AI datacenter infrastructure and assets globally, aiming to empower organizations and individuals with broad technology access. The company has launched $5.6 billion in AI datacenter investments and AI skilling programs reaching over a million people, alongside public-private partnerships for responsible AI adoption and cybersecurity. Microsoft's partnership with OpenAI and the new partnership with France's Mistral AI are highlighted, emphasizing support for AI developers and ensuring choice and fairness in the AI economy. The principles also address societal responsibilities, including cybersecurity, responsible AI standards, AI skilling initiatives, and environmental sustainability of AI datacenters.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 4:32 pm

MU

NVDA

Micron Technology, Inc. (NASDAQ:MU) shares reached a new 52-week high of $91.74 after announcing the start of volume production of its High Bandwidth Memory 3E (HBM3E) solution, which will be used in Nvidia Corporation's (NASDAQ:NVDA) H200 Tensor Core GPUs. The HBM3E is noted for its 30% lower power consumption compared to competitors. Micron's stock has gained over 12% following Nvidia's strong fourth-quarter earnings report. Additionally, a trend analysis suggests Micron's stock could reach $192.05 by 2030 based on its past 5 years' annualized performance of 16.19%.

Portfolio Pulse from Erica Kollmann

February 26, 2024 | 3:20 pm

NIO

NIO shares are trading higher following the announcement of a technology license agreement with Forseven Limited. This partnership could potentially enhance NIO's technological capabilities and market position.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:08 pm

NIO

NIO Inc (NYSE:NIO) shares are trading higher after announcing a technology license agreement with Forseven Limited, a subsidiary of CYVN Holdings. The agreement grants Forseven a worldwide license to use Nio's technical information, software, and intellectual property for smart electric vehicle platforms. Nio will receive upfront technology license fees and royalties on future sales. Nio is expected to report a Q4 loss of 51 cents per share. Despite a 24.14% fall in the past three months, Wall Street views Nio as a Buy.

Portfolio Pulse from Adam Eckert

February 26, 2024 | 2:51 pm