Streetbeat News

Partnerships

AMD

META

NVDA

QQQ

TSM

Nvidia Corp (NVDA) and Advanced Micro Devices, Inc (AMD) stocks are trading higher, influenced by Taiwan Semiconductor Manufacturing Company Ltd's (TSM) positive quarterly results and 2024 revenue growth guidance. TSM's Q4 revenue slightly decreased but surpassed expectations, and its EPS beat estimates. The company's forecast for FY24 includes a capital expenditure budget of $28-$32 billion. Nvidia also benefited from Meta Platforms Inc's (META) announcement of a significant investment in Nvidia's AI chips, planning to purchase 350,000 H100 graphics cards by the end of 2024. Nvidia's stock outperformed the Invesco QQQ Trust, Series 1 (QQQ) last year.

Portfolio Pulse from Anusuya Lahiri

January 19, 2024 | 1:22 pm

VERB

Verb Technology Company, Inc. (NASDAQ:VERB) has announced the addition of five new retail brands to its MARKET.live livestream social shopping platform. This expansion demonstrates MARKET.live's growth and its commitment to offering a diverse product range. The new brands include MilkSnob, Cream Yoga, Ethan and Ashe, Ash & Rose, and Asorock Watches. MARKET.live enables brands to broadcast shopping events across various social media channels, reaching a wide audience.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:04 pm

BYDDF

BYDDY

Chinese EV maker BYD Co Ltd, backed by Warren Buffett, in partnership with tech company DJI, showcased the world's first vehicle-mounted drone at its Shenzhen headquarters. The drone, mounted on a Yangwang U8, features automatic battery swapping, charging management, and can capture high-definition aerial footage. BYD also announced a 5 billion yuan investment in all-terrain professional test drive sites across China. BYD surpassed Tesla as the world's largest BEV seller in Q4 2023.

Portfolio Pulse from Anan Ashraf

January 19, 2024 | 12:56 pm

AAPL

SONY

Apple Inc. (AAPL) is offering new and qualified returning Apple Card users up to three months of free subscription to services like Apple TV+, Apple Music, Apple Arcade, Apple Fitness+, and Apple News+. The promotion excludes iCloud plans and Apple One bundle subscriptions and is valid until January 31. Current subscribers are not eligible. The collaboration with Sony Group Corp. (SONY) includes a past promotion offering PlayStation 5 owners a six-month Apple Music subscription.

Portfolio Pulse from Rounak Jain

January 19, 2024 | 12:37 pm

WMS

Advanced Drainage Systems announced a collaboration with Rainwater Management Solutions (RMS) to advance sustainable stormwater solutions in the US and Canada. This partnership aims to enhance the development and implementation of eco-friendly water management practices.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:05 am

FEAM

FLR

5E Advanced Materials has chosen Fluor Corporation as the EPC contractor for process engineering work on the FEL-2 phase of its development. This selection is a step forward in the progress of 5E Advanced Materials' project.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:02 am

OGI

Organigram Holdings Inc. announced the results of its Annual and Special Meeting, confirming shareholder approval for a C$124.6 million investment from British American Tobacco (BAT). This endorsement strengthens the partnership between the two companies and provides Organigram with additional capital.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:03 am

AAPL

Apple Inc. is targeting the healthcare, aircraft repair, and education sectors with its upcoming mixed-reality headset, Vision Pro. Executives discussed its potential uses, such as improving surgical outcomes and providing high-quality training. Apple offers a 25% employee discount on Vision Pro and covers prescription lenses. The device has received FCC approval but won't support Wi-Fi 6E. Apple's expansion into various sectors with Vision Pro is part of its strategy to make mixed reality a significant revenue stream.

Portfolio Pulse from Ananya Gairola

January 19, 2024 | 4:55 am

AAPL

GOOG

GOOGL

META

NFLX

SPOT

YouTube (owned by Alphabet Inc.) and Spotify Technology SA have decided not to launch apps for Apple Inc.'s upcoming mixed-reality headset, Vision Pro. This follows Netflix Inc.'s earlier decision to not participate. Major apps like Disney+, HBO Max, Peacock, ESPN, and Amazon Prime Video will be available on Vision Pro. The lack of support from YouTube, Spotify, and Netflix could impact Apple's strategy for the device, which is focused on video and entertainment. The Vision Pro, priced at $3,499, is set to launch on Feb. 2 with pre-booking starting on Friday. The device recently received FCC approval but will not support Wi-Fi 6E.

Portfolio Pulse from Ananya Gairola

January 19, 2024 | 1:44 am

AGYS

Agilysys, Inc. has announced the provision of on-site premier support for its InfoGenesis Point-of-Sale system at Melbourne & Olympic Parks, aiming to enhance customer experience and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:05 pm