Streetbeat News

Partnerships

AAPL

The Enhanced Games, backed by Peter Thiel, is considering allowing athletes to use Apple's Vision Pro mixed-reality headset in competitions. CEO Aron D'Souza highlighted the potential integration of AR, VR, and mixed-reality technology, contrasting with traditional sports organizations' stance against performance enhancements. The games, expected in 2025, have sparked debate over health risks and sports integrity. Apple Vision Pro has received praise from tech leaders, indicating a significant interest in its application in sports.

Portfolio Pulse from Rounak Jain

February 10, 2024 | 6:30 am

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

The escalating geopolitical tensions between China and Taiwan pose a significant risk to the Magnificent Seven tech giants, including Apple, Amazon, NVIDIA, Tesla, Meta Platforms, Alphabet, and Microsoft, as per Jeremy Grantham's GMO. These companies, with substantial revenue exposure and ties to Taiwan's chip industry, could face challenges in accessing crucial technologies for AI development.

Portfolio Pulse from Ananya Gairola

February 10, 2024 | 3:59 am

DELL

TSLA

Dell Technologies CEO Michael Dell toured Tesla's gigafactory in Texas, guided by Tesla CEO Elon Musk. The visit highlighted the Cybertruck and the impressive scale of Tesla's manufacturing hub. The two CEOs have a history of mutual respect and collaboration, dating back to 2013 when Musk attended Dell World.

Portfolio Pulse from Anan Ashraf

February 10, 2024 | 2:37 am

CZR

DKNG

FLUT

MGM

PENN

WYNN

Super Bowl LVIII's 30-second TV commercial costs have soared to $7 million, a 185x increase since the first Super Bowl in 1967. This reflects the high value companies place on the event's massive viewership, which continues to dominate ratings. The 2023 Super Bowl attracted 113 million viewers, a six-year high. The upcoming game, with potential record-breaking viewership due to Taylor Swift's involvement, is expected to see $1.5 billion in wagers, 35% higher than last year. Companies like MGM Resorts International, Caesars Entertainment, PENN Entertainment, DraftKings, Flutter Entertainment's FanDuel, and Wynn Resorts are highlighted as potential beneficiaries of the increased attention and betting activity.

Portfolio Pulse from Chris Katje

February 09, 2024 | 9:54 pm

DOGEUSD

Dogecoin (DOGE) has seen a positive shift, trading 1.9% higher on Friday, with analysts predicting a 45%-50% rally if it maintains above the 8-cent level. This uptick is attributed to increased transactions, SpaceX accepting DOGE for a mission, and significant whale activity. Despite a slow start to the week, optimism is bolstered by a growing number of DOGE holders and a surge in new addresses.

Portfolio Pulse from Khyathi Dalal

February 09, 2024 | 9:53 pm

AMZN

Amazon will stream its first-ever NFL playoff game next season exclusively on its Prime Video service, according to sources familiar with the matter.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 8:48 pm

SMH

The Biden-Harris Administration plans to invest over $5 billion in semiconductor-related R&D and workforce development, including in the National Semiconductor Technology Center (NSTC), as part of the CHIPS and Science Act. This investment aims to advance U.S. leadership in semiconductor R&D, reduce commercialization costs, bolster national security, and support semiconductor job creation. The NSTC, a public-private consortium, will focus on innovation, workforce development, and lowering R&D participation barriers. Additional investments include $200 million in a CHIPS Manufacturing USA Institute and up to $300 million in advanced packaging R&D.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 8:13 pm

JPM

META

PINS

SNAP

Pinterest Inc (NYSE:PINS) is leveraging a new partnership with Google, similar to its existing Amazon partnership, to enhance monetization efforts after experiencing a revenue miss and a subsequent stock price drop. Despite a 12% revenue increase to $981 million in Q4, it fell short of expectations. The Google integration, which went live recently, is expected to improve ad demand and performance in the coming quarters. Pinterest also reported a net income increase and a reduction in costs, partly due to workforce reductions.

Portfolio Pulse from Upwallstreet

February 09, 2024 | 7:19 pm

CVE

CVX

EQNR

GOOG

MSFT

NIO

A significant milestone in nuclear fusion was achieved at the UK's Joint European Torus (JET) facility, generating a record 69 megajoules of energy. Despite the progress, practical application remains distant. The UK's future in European fusion research is uncertain post-Brexit, with plans to build the first fusion power plant. Companies like Chevron, Alphabet, Cenovus Energy, Microsoft, NIO, Eni SpA, and Equinor ASA have invested in nuclear fusion technology.

Portfolio Pulse from Vandana Singh

February 09, 2024 | 6:44 pm