Streetbeat News

Partnerships

AAPL

DIS

META

Apple Inc (AAPL) unveiled its Apple Vision Pro augmented reality headset at WWDC 2023, set for release on Feb. 2 with a price of $3,499. CEO Tim Cook and other executives, along with director James Cameron, praised the device's groundbreaking technology. The Vision Pro, featuring apps from Zoom, Microsoft, and Disney (DIS), faces competition from Meta Platforms' (META) Meta Quest 3. Analysts are optimistic but note challenges in pricing and market penetration.

Portfolio Pulse from Chris Katje

February 01, 2024 | 7:45 pm

ATRA

Atara Biotherapeutics' stock price increased following the announcement of the publication of Phase 3 ALLELE Tab-cel data in collaboration with Pierre Fabre Laboratories.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:38 pm

DWAC

RUM

Digital World Acquisition Corporation (DWAC) is testing a video streaming platform for Truth Social, potentially impacting its partnership with Rumble Inc (RUM). DWAC's merger with Trump Media & Technology Group (TMTG) includes plans to expand Truth Social's offerings, potentially competing with Rumble, which currently hosts Trump's videos. This development could affect Rumble's stock, which has seen volatility linked to Trump's political activities.

Portfolio Pulse from Chris Katje

February 01, 2024 | 7:27 pm

GOOG

MSFT

NVDA

Microsoft and Alphabet's Google are tapping into India's AI talent pool, with top executives visiting to foster AI adoption. Microsoft's CEO Satya Nadella and Google's chief scientist Jeff Dean are engaging with developers and industry leaders in India. Nvidia also recognizes India's potential in AI, with a significant deal and partnerships enhancing its presence. India's vast programming community and significant contributions to AI projects highlight its pivotal role in global AI innovation.

Portfolio Pulse from Anusuya Lahiri

February 01, 2024 | 7:23 pm

PTGX

Protagonist Therapeutics (PTGX) shares surged following the announcement of a worldwide license and collaboration agreement with Takeda for the development and commercialization of rusfertide. This partnership marks a significant milestone for PTGX, potentially enhancing its market position and financial outlook.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:12 pm

HUT

MARA

Marathon Digital Holdings, Inc. (MARA) has announced an agreement to take over operational control from Hut8 Mining Corp. affiliates of two Bitcoin mining sites in Granbury, Texas, and Kearney, Nebraska. This transition is expected to be completed by April 30, 2024.

Portfolio Pulse from Charles Gross

February 01, 2024 | 6:42 pm

META

SNAP

TSLA

Fidelity increased the valuation of Twitter, now X Holdings, by 11% in its Fidelity Blue Chip Growth Fund (FBGRX), despite holding it at a 68% discount to Musk's purchase price, implying a $14.1 billion valuation. The rise may be influenced by the performance of peer companies like Snap Inc (SNAP) and Meta Platforms (META), and Musk's hints at future AI company stakes for Twitter shareholders. Other major investors have also marked down their Twitter valuations, potentially affecting Musk's capital raising efforts. Fidelity's fund holds stakes in major tech firms, with NVIDIA, Microsoft, Apple, Amazon, Alphabet, and Meta as its largest assets.

Portfolio Pulse from Chris Katje

February 01, 2024 | 6:26 pm

CHRW

CMND

MINM

NVIV

REVB

C.H. Robinson Worldwide, Inc. (CHRW) shares fell over 12% after reporting Q4 financial results below market expectations. Other stocks showed significant movement, with companies like Minim, Inc. (MINM) and Clearmind Medicine Inc. (CMND) experiencing substantial gains. Conversely, Revelation Biosciences, Inc. (REVB) and InVivo Therapeutics Holdings Corp. (NVIV) saw notable declines. The article also highlights stocks that moved due to earnings reports, strategic agreements, and other corporate actions.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 6:17 pm

LI

NIO

XPEV

In January 2024, Chinese EV makers Li Auto, NIO, and XPeng reported significant delivery figures, showcasing their market performance and strategic directions. Li Auto led with a 105.8% YoY increase in deliveries, totaling 31,165 vehicles. NIO followed with an 18.2% increase, delivering 10,055 vehicles, and XPeng reported an 8,250 vehicle delivery, marking a 58% increase. NIO's strategic partnerships and expansion of its power swap network, XPeng's focus on ADAS technologies, and Li Auto's ambitious growth plans highlight their efforts to dominate the EV market.

Portfolio Pulse from Surbhi Jain

February 01, 2024 | 6:01 pm

V

Visa (NYSE:V) has partnered with Transak to enable direct cryptocurrency to fiat withdrawals, allowing users in 145 countries to cash out over 40 cryptocurrencies at 130 million merchant locations. This move, part of Visa's ongoing expansion into cryptocurrency services since 2020, has raised concerns regarding security, user experience, and its impact on the decentralized nature of digital currencies. Despite these concerns, the partnership is seen as a significant step towards mainstream cryptocurrency acceptance, offering users more flexibility and convenience.

Portfolio Pulse from Murtuza Merchant

February 01, 2024 | 5:12 pm