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Partnerships

FSR

KARS

LCID

RIVN

STLA

TSLA

Electric vehicle stocks had mixed performances in the week ending Feb. 16, with Tesla seeing a third week of gains and Rivian pulling back after a previous rally. Key events included Tesla's Model 3 LR price hike, Stellantis adopting Tesla's charging standard, a temporary relaxation of a strike against Tesla, Rivian teasing its R2 platform, Lucid's price cuts and CEO bonus controversy, and GM and Ford's openness to partnerships against Chinese rivals. Fisker announced dealer partnerships, and the KraneShares Electric Vehicles ETF saw a weekly gain.

Portfolio Pulse from Shanthi Rexaline

February 17, 2024 | 2:18 pm

INTC

SSNLF

TSM

Sam Altman, CEO of OpenAI, is seeking approval from the Biden administration for a $7 trillion project to increase global semiconductor production for AI chips. Altman has discussed potential investments with major chip manufacturers like Taiwan Semiconductor Manufacturing Co. (TSM), Intel Corp. (INTC), and Samsung Electronics Co. (SSNLF), as well as with Middle Eastern sovereign wealth funds. The project aims to prevent a potential shortage of advanced computing chips, crucial for AI's widespread deployment. However, it faces potential regulatory hurdles, including national security reviews and antitrust concerns.

Portfolio Pulse from Rounak Jain

February 17, 2024 | 4:46 am

MSFT

OpenAI, the company behind ChatGPT, has been valued at $86 billion after finalizing an agreement allowing employees to sell their shares. The deal, led by Thrive Capital, comes after a delay due to the temporary ousting of CEO Sam Altman. OpenAI is considering raising new funding at a valuation over $100 billion and has secured $13 billion from Microsoft and others. The company's success with ChatGPT and new ventures like Sora, a text-to-video generator, highlight its rapid growth and potential to disrupt the tech industry.

Portfolio Pulse from Ananya Gairola

February 17, 2024 | 4:07 am

CMCSA

DIS

DKNG

NKE

PARA

Tiger Woods' return to golf in 2024, starting with the Genesis Invitational, is seen as beneficial for the sport and the sports betting sector. DraftKings CEO Jason Robins highlighted the positive impact Woods' participation could have on golf interest and betting. Woods, who recently launched a new apparel brand with TaylorMade after ending his sponsorship with Nike, is competing in his first official tournament since April. The event is broadcasted by media partners including Walt Disney Co, Paramount Global, and Comcast Corporation, with DraftKings offering various betting odds on Woods' performance.

Portfolio Pulse from Chris Katje

February 16, 2024 | 10:25 pm

FSR

Fisker has signed four dealer partners in the US as part of its strategic shift to a Dealer Partnership model, aimed at scaling up for Fisker Ocean deliveries and future models. The company has received interest from over 250 dealers globally. The new dealers will sell vehicles in six states across seven locations.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares surged on high trading volume following their Q4 earnings report. The company reported a significant reduction in losses per share compared to the previous year and highlighted strong vehicle production and delivery numbers for the quarter. Mullen's strategic pivot to commercial EVs has been fruitful, with increased demand for its vehicles. Additionally, Bollinger Motors, part of Mullen, announced LaFontaine Automotive Group as its first authorized dealer.

Portfolio Pulse from Erica Kollmann

February 16, 2024 | 8:01 pm

SIDU

NASA's Stennis Space Center and Sidus Space, Inc. (SIDU) celebrated a milestone for the ASTRA mission, involving an autonomous systems payload aboard Sidus Space's LizzieSat satellite. The mission, marking NASA Stennis's first hardware/software space deployment, is in collaboration with SIDU, responsible for launch and operation. The LS-1 satellite, carrying ASTRA, is set to launch this spring on SpaceX's Falcon 9 rocket. This partnership highlights advancements in autonomous space technology.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 7:58 pm

HTOO

Fusion Fuel Green's stock is trading higher following the announcement that the European Commission has approved the IPCEI for its 630 MW HEVO-Portugal Project. This approval is a significant milestone for the company, indicating strong support from the European Union for its green hydrogen project.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 7:00 pm

CMCSA

DIS

FOX

PARA

WBD

Paramount Global (NASDAQ:PARA) and Comcast Corporation (NASDAQ:CMCSA) are reportedly discussing a potential collaboration in the streaming space, exploring options like a commercial partnership or a joint venture. This move aims to navigate the evolving streaming landscape, potentially bringing together Paramount+ and Peacock to achieve cost savings and offer a more comprehensive content library. The discussions are part of a broader industry trend towards strategic collaborations, as seen with recent ventures by The Walt Disney Co (NYSE:DIS), Fox Corp (NYSE:FOX), and Warner Bros. Discovery Inc (NASDAQ:WBD). Paramount is also exploring other strategic options, including talks of a merger with Warner Discovery and a potential sale to SkyDance Media.

Portfolio Pulse from Vandana Singh

February 16, 2024 | 6:33 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) received positive analyst ratings following its Q4 earnings beat, with revenue of $953.8 million and EPS of $0.51, surpassing expectations. Analysts highlighted Coinbase's thriving business amid increased volatility, trading volumes, and partnerships, particularly noting its role as custodian for 8 of the 11 approved spot BTC ETFs. Price targets were raised by several analysts, reflecting optimism about Coinbase's market leadership, expansion, and product initiatives. However, Goldman Sachs maintained a Sell rating despite raising its price target, citing market conditions as primary performance drivers.

Portfolio Pulse from Anusuya Lahiri

February 16, 2024 | 6:15 pm