Streetbeat News

Partnerships

MARK

MSFT

Remark Holdings announced an $80 million initial partnership with Microsoft to make RemarkAI global, as per their recent tweet.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 6:11 pm

BTCUSD

ETHUSD

SOLUSD

Solana (CRYPTO: SOL) experienced an 8% surge on Monday, trading above $100. The increase is attributed to a rise in daily active addresses and meaningful applications on its network. Solana's volume exceeded $3 billion after a 75.6% rally. Daily active addresses for Solana surpassed those of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). New Solana-focused firm Anza was launched, aiming to contribute to the network's development. Kamino, a Solana-based venue, now trades NFT products. Analysts are bullish on Solana, predicting it will converge on Ethereum's success rapidly, with price targets suggesting further gains.

Portfolio Pulse from Khyathi Dalal

January 30, 2024 | 5:58 pm

HPE

NOC

Hewlett Packard Enterprise (HPE) has sent the third iteration of its HPE Spaceborne Computer to the International Space Station (ISS) on a SpaceX Falcon 9 rocket. The mission, contracted by NASA and part of a Northrop Grumman Commercial Resupply Services mission, aims to enhance space-based edge computing, AI, and machine learning capabilities using commercial off-the-shelf (COTS) servers.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 5:28 pm

NVDA

SSNLF

Nvidia Corp (NVDA) is negotiating with SK Hynix for High Bandwidth Memory (HBM) for Q1 2025, following a previous agreement with Samsung Electronics (SSNLF) for HBM3 to meet AI demand. Nvidia secured 2024 HBM supply with billion-dollar payments to SK Hynix and Micron Technology (MU). Additionally, Nvidia invested in AI chatbot developer Kore.ai's $150 million funding round, continuing its focus on AI startups that use its chips. Kore.ai, which is planning an IPO, has experienced triple-digit revenue growth and manages 450 million daily interactions. NVDA shares were up 0.44% at $627.82.

Portfolio Pulse from Anusuya Lahiri

January 30, 2024 | 5:12 pm

NVVE

Nuvve Corporation's stock (NVVE) is trading higher following the announcement of a $16 million deal with Fresno EOC, which is expected to positively impact the company's financials and market position.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 5:09 pm

DIS

NFLX

Activist investor Nelson Peltz has proposed a plan to improve Disney's performance by bundling ESPN+ with Netflix. This strategy aims to leverage the extensive subscriber base of Netflix to boost ESPN+'s growth and overall value to Disney.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 4:42 pm

DIS

PXLW

Pixelworks, Inc. (PXLW) stock has surged following the announcement of a multi-year agreement with Walt Disney Company (DIS) to bring TrueCut Motion graded titles to select home entertainment devices. The news has resulted in heavy trading volume for Pixelworks, with over 54 million shares traded compared to its 100-day average of less than 177,000 shares. Pixelworks' stock price has increased by 38% to $2.04.

Portfolio Pulse from Erica Kollmann

January 30, 2024 | 4:39 pm

RVSN

Rail Vision (NASDAQ:RVSN) stock surged over 40% after announcing the implementation of new AI technology in its Main Line and Switch Yard systems. The company's stock has risen over 1000% in the past month, fueled by retail traders' interest and significant developments, including a key EU approval and a $5 million deal with a U.S. rail contractor. Despite the rapid increase, there is potential for both further gains and a pullback.

Portfolio Pulse from Aaron Bry

January 30, 2024 | 4:11 pm

AMZN

IRBT

Amazon (NASDAQ:AMZN) has partnered with Mexican fintech firm Kueski to offer bi-weekly installment payments in Mexico, allowing customers to make purchases without a credit card. Kueski will manage financing and credit assessment. Amazon also terminated its merger with iRobot (NASDAQ:IRBT), resulting in a $94 million termination fee paid by Amazon. AMZN shares dropped slightly by 0.20% to $160.93.

Portfolio Pulse from Nabaparna Bhattacharya

January 30, 2024 | 3:36 pm

INTC

QCOM

TXN

Qualcomm Inc (NASDAQ:QCOM) is set to report Q1 earnings on Jan. 31 with expectations of $2.37 EPS and $9.51 billion in revenues. Analysts are focusing on Qualcomm's growth in the automotive sector, AI capabilities, and stock valuation. The company's Snapdragon 8 Gen 3 chips and Oryon series for laptops show its competitive edge. Qualcomm's automotive business grew 23% sequentially in fiscal Q4, and its AI technology is expected to drive demand for semiconductor chips. Despite a forward P/E of 14.21, lower than peers Intel (NASDAQ:INTC) and Texas Instruments (NASDAQ:TXN), Qualcomm is seen as undervalued. Analysts maintain a Buy rating with a price target of $135.97, with recent targets up to $175. Qualcomm's stock closed at $150.44 on Jan. 29.

Portfolio Pulse from Surbhi Jain

January 30, 2024 | 3:20 pm