Streetbeat News

Partnerships

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

BTM

Bitcoin Depot Inc. (NASDAQ:BTM), a leading Bitcoin ATM operator, announced a partnership to install approximately 940 Bitcoin ATMs in a national convenience store retailer's locations across 24 states, starting Q1 of 2024. This expansion is part of a larger initiative to increase Bitcoin access and is in line with the company's commitment to making Bitcoin transactions convenient and accessible.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 4:58 pm

JOBY

Joby Aviation Inc (NYSE:JOBY) has announced a partnership with Atlantic Aviation to electrify aviation infrastructure in New York and Southern California, in preparation for the launch of Joby's air taxi service. The collaboration will include the installation of Joby's Global Electric Aviation Charging System (GEACS) and an analysis of air taxi operations alongside traditional and other electric aircraft. Joby's air taxi can transport a pilot and four passengers at speeds up to 200 mph. JOBY shares dropped by 0.79% to $5.64.

Portfolio Pulse from Shivani Kumaresan

January 17, 2024 | 4:46 pm

AMST

Amesite Inc. has achieved provisional certification under the Texas Risk and Authorization Management Program (TX-RAMP), which enhances its partnership opportunities with Texas' public colleges and universities. The certification underscores Amesite's commitment to providing secure and scalable AI-driven learning solutions. The company's platform is well-suited for Texas community colleges, especially with the new funding model emphasizing student success metrics. Amesite's solution allows for rapid deployment of courses and programs, with 24/7 data access for reporting and program development. With Texas student enrollment projected to reach 1.62 million by 2025, Amesite is well-positioned to support the educational growth.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 4:44 pm

BCEL

DATS

LQR

MIMO

PHUN

TSP

U.S. stocks traded lower, with the Nasdaq Composite dropping over 100 points. Health care shares rose, while real estate shares fell. U.S. industrial production slightly increased. Airspan Networks (MIMO) surged after announcing a partnership with GCT Semiconductor. LQR House (LQR) rose after increasing its share buyback program. Atreca (BCEL) also gained. TuSimple (TSP) announced plans to delist from Nasdaq, causing a drop. Phunware (PHUN) fell after announcing a direct offering. DatChat (DATS) declined after pricing a public offering. Oil and gold traded down, while silver and copper also fell.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 4:44 pm