Streetbeat News

Partnerships

NVDA

NVIDIA announced new GeForce RTX SUPER desktop GPUs, AI laptops, and AI software and tools for RTX PCs and workstations at CES. These offerings aim to enhance PC experiences with generative AI, including text-to-image workflows and large language models (LLMs). The company highlighted the importance of generative AI in transforming industries and gaming. New GeForce RTX 40 SUPER Series graphics cards were introduced, promising significant AI performance improvements. NVIDIA also announced AI Workbench for developers, RTX-accelerated AI models, and new PC developer tools. Upcoming releases include RTX Remix for game remastering, ACE microservices for digital avatars, and Chat with RTX for interacting with LLMs on PCs.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:19 pm

NKE

Tiger Woods hints at a new chapter in his partnership with Nike (NKE) in a recent tweet, suggesting a continuation of their long-standing collaboration and possibly new ventures or products to be unveiled in Los Angeles.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:12 pm

ASML

SSNLF

TSM

Christophe Fouquet, the new CEO of ASML, is planning to visit Taiwan to meet with TSMC CEO C. C. Wei, followed by a trip to Samsung Electronics' headquarters in South Korea, as reported by supply chain sources in the IC industry.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:09 pm

RXRX

Recursion (NASDAQ:RXRX) introduced LOWE, a drug discovery software with a natural language interface, at the J.P. Morgan Healthcare Conference. LOWE, developed by Valence Labs after Recursion's acquisition of Valence Discovery, integrates Recursion's vast biological and chemical datasets and automates experiments in wet labs. It's a step towards creating 'AI scientists' for drug discovery. Recursion and NVIDIA will co-host an event to showcase LOWE, with speakers from NVIDIA, Sixth Street Capital, Genentech, American Enterprise Institute, and Verily.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:06 pm

BB

BlackBerry Limited (NYSE:BB) announced the general availability of QNX Software Development Platform (SDP) 8.0, designed for automotive and IoT systems. The platform features a fifth-generation architecture with a safe and secure microkernel, advanced tooling, and cloud enablement. It supports ARM v9, GCC 12, and near-linear performance scaling with CPU core counts. QNX SDP 8.0 integrates with Microsoft Visual Studio Code and includes over 200 Unix utilities. It is designed to support future CPU architectures like RISC-V and lays the foundation for BlackBerry's next-generation QNX portfolio products.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:03 pm

ARDX

Ardelyx, Inc. (NASDAQ:ARDX) shares surged after the company's strategic update, forecasting Ibsrela, its FDA-approved IBS treatment, to capture over 10% market share and generate over $1 billion in annual U.S. sales before patent expiration. The company anticipates $140-$150 million in U.S. sales for Ibsrela in 2024. CEO Mike Raab highlighted plans for sales growth, R&D investment, international expansion, and external partnerships. A webcast is scheduled to discuss Ibsrela and the IBS-C treatment landscape. High short interest in ARDX shares may be amplifying price movements.

Portfolio Pulse from Erica Kollmann

January 08, 2024 | 4:03 pm

ABT

TNDM

Tandem Diabetes Care has announced the integration of its t:slim X2 insulin pump with Abbott's FreeStyle Libre 2 Plus sensor, marking the first time this 15-day CGM sensor is available for t:slim X2 users in the U.S. This collaboration enhances Tandem's Control-IQ hybrid closed-loop technology by providing users with a more advanced and longer-lasting CGM option.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:50 pm

AMD

AMD announced new Ryzen 8000G Series desktop processors with built-in graphics and AI capabilities, and new Ryzen 5000 Series for AM4 platform. The 8000G Series features up to 8 cores and Radeon 700M graphics, while the 5700X3D model of the 5000 Series includes 3D V-Cache technology. AMD's OEM partners, including Lenovo, Razer, Asus, and Acer, will introduce new AI PCs with Ryzen 8040 Series mobile processors. The 8000G Series will be available to customers starting January 31st, 2024, with OEM systems arriving in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:32 pm

LAES

WKEY

WISeKey International Holding Ltd. (WKEY) and its subsidiary SEALSQ Corp (LAES) will showcase their security services and semiconductors at CES 2024. They will focus on compliance with the Matter Protocol for smart homes, the US Cyber Trust Mark, and solutions for the Electric Vehicle charging market. SEALSQ offers Device Attestation Certificates and FIPS Certified Secure Elements compatible with Matter Protocol. WISeKey's Root CA is approved by the CSA for Matter device attestation. SEALSQ also provides services for IoT manufacturers to comply with the US Cyber Trust Mark. WISeKey has an install base of over 1.5 billion microchips and offers secure authentication and identification for IoT, Blockchain, and AI.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:09 pm

ACON

ATEC

Aclarion, Inc. (NASDAQ:ACON) stock is trading higher after announcing a strategic partnership with Alphatec Spine, Inc., a subsidiary of Alphatec Holdings, Inc. (NASDAQ:ATEC). The partnership aims to evaluate the Nociscan technology and co-market it. Aclarion's trading volume surged, with over 15.7 million shares traded, compared to a 100-day average of less than 174,000. Aclarion had a 1-for-16 reverse stock split on Jan. 3, and shares are currently up 64% at $5.02.

Portfolio Pulse from Erica Kollmann

January 08, 2024 | 3:08 pm