Streetbeat News

Partnerships

BFRG

DATS

DWAC

MIMO

PHUN

SCHW

TSP

U.S. stocks fell, with the Dow Jones dropping over 150 points. Charles Schwab (SCHW) reported Q4 earnings with an EPS of 68 cents, beating estimates but with a 19% revenue decline. Airspan Networks (MIMO), Digital World Acquisition Corp. (DWAC), and Bullfrog AI Holdings (BFRG) saw stock price surges due to partnership news and political developments. Conversely, TuSimple Holdings (TSP), Phunware (PHUN), and DatChat (DATS) experienced significant stock price declines due to delisting intentions and pricing of public offerings.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 7:16 pm

AMZN

NKE

UPBD

Nike Inc's (NYSE:NKE) Air Jordan shoes, a result of a lucrative deal with Michael Jordan, are now available for rent-to-own through Rent-A-Center, part of Upbound Group Inc (NASDAQ:UPBD). Rent-A-Center offers Air Jordan 5 Racer Blues for $19.99 a week, with a total cost significantly higher than purchasing outright. This move aligns with the growing trend of buy now, pay later services. The story of Nike's deal with Jordan was depicted in Amazon.com, Inc's (NASDAQ:AMZN) film 'Air,' which received multiple award nominations.

Portfolio Pulse from Chris Katje

January 17, 2024 | 7:05 pm

BFRG

Bullfrog AI shares have seen an uptick following the announcement of promising early results from their collaboration with the Lieber Institute for Brain Development. The news suggests potential positive developments in their joint research endeavors, which could be driving investor optimism.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:05 pm

NVDA

NVIDIA Corporation (NVDA), Toyota Motor Corporation (TM), and READY Robotics have partnered to integrate NVIDIA Isaac Sim with READY ForgeOS for simulating robotic programming in Toyota's aluminum hot forging production lines. This collaboration aims to enhance safety and efficiency by allowing programming in a simulated environment, reducing risks associated with handling hot metal parts. The partnership showcases the use of advanced technology to drive industrial digitalization in manufacturing. NVDA shares dropped by 1.23% to $556.86, and TM shares fell by 1.06% to $193.54.

Portfolio Pulse from Nabaparna Bhattacharya

January 17, 2024 | 6:51 pm

ACIC

CART

MIMO

TSP

Airspan Networks Holdings Inc. (MIMO) shares surged over 380% after announcing a partnership with GCT Semiconductor to develop an RF module. Other stocks experienced significant movement in Wednesday's mid-day session, with notable gainers including Treasure Global Inc. (TGL), LQR House Inc. (LQR), and ProQR Therapeutics N.V. (PRQR), among others. Losers included TuSimple Holdings Inc. (TSP), Phunware, Inc. (PHUN), and Adagene Inc. (ADAG). The session also saw various analyst ratings and price target changes affecting stocks like American Coastal Insurance Corporation (ACIC) and Maplebear Inc. (CART).

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 6:12 pm

GLW

Corning Incorporated (NYSE:GLW) and Samsung Electronics have announced that the upcoming Samsung Galaxy S24 Ultra will feature Corning's new Gorilla Armor cover material. This material promises enhanced durability and visual clarity, with up to 75% reduced reflection and over four times more scratch resistance than competitive aluminosilicate glasses. Gorilla Armor also includes 25% pre-consumer recycled content. The collaboration marks a continuation of a 50-year partnership between Corning and Samsung, with Corning's glass products being a staple in Samsung's device lineup.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 6:02 pm

QCOM

Qualcomm Technologies, Inc, a subsidiary of Qualcomm Inc (NASDAQ:QCOM), announced that its Snapdragon 8 Gen 3 Mobile Platform will power Samsung Electronics Co Ltd's new Galaxy S24 series smartphones. The Galaxy S24 Ultra will feature the chipset globally, while the Galaxy S24 Plus and S24 will include it in select regions. The Snapdragon 8 Gen 3 for Galaxy is designed to enhance AI capabilities, camera and gaming experiences, connectivity, and security with Qualcomm's 3D Sonic Gen 2 technology. Despite the announcement, QCOM shares dropped by 1.92% to $138.42.

Portfolio Pulse from Anusuya Lahiri

January 17, 2024 | 6:00 pm

QCOM

Qualcomm's Snapdragon 8 Gen 3 Mobile Platform is featured in Samsung's new Galaxy S24 series, enhancing the devices with advanced AI, professional-quality camera features, gaming experiences, ultra-fast connectivity, and authentic solutions.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 6:00 pm

IVPAF

Ivanhoe Mines (OTC:IVPAF) has entered into a joint venture with Gécamines to revive the Kipushi mine in the DRC, inactive for 30 years. The mine is known for its rich zinc orebody and other metals. Gécamines will increase its stake in Kipushi Corporation to 38%, and eventually to 80% after certain reserves are mined. Production is expected to start in Q2 2024 with an annual output of over 250,000 tons of zinc. However, the zinc market is currently facing challenges with flat prices and oversupply predicted for 2024.

Portfolio Pulse from Stjepan Kalinic

January 17, 2024 | 5:16 pm

FIVN

Five9 (NASDAQ: FIVN), a cloud contact center solution provider, has announced the availability of its Intelligent CX Platform on Google Cloud Marketplace. This integration allows Google Cloud customers to easily procure and manage the Five9 platform, leveraging their Google Cloud spend for faster deployment. The platform offers AI and automation to enhance customer experiences across various channels. Five9's President, Dan Burkland, and Google Cloud's Dai Vu highlighted the benefits of this collaboration for enterprise customers' digital transformation journeys.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 5:00 pm