Streetbeat News

Partnerships

NVDA

USDTUSD

Tether Group is acquiring 10,000 Nvidia H100 GPUs for $420 million and a 20% stake in Northern Data. Northern Data plans to rent the chips to AI startups. The deal will be conducted through an Irish shell company, Damoon. Northern Data will acquire a 70% ownership stake in exchange for shares equal to 20% of its ownership. The total cost of the deal remains undisclosed.

Portfolio Pulse from Khyathi Dalal

September 21, 2023 | 2:37 pm

BVN

CALT

CIFR

CSCO

EXAI

FDS

FDX

GBX

KVYO

SPLK

Despite a general fall in U.S. stocks, several companies saw gains. Cisco Systems agreed to acquire Splunk for $157 per share, causing Splunk's stock to rise by 20.8%. Calliditas Therapeutics, Exscientia, Klaviyo, Compañía de Minas Buenaventura, FedEx, FactSet Research Systems, The Greenbrier Companies, and Cipher Mining also saw stock increases due to various factors such as collaborations, IPOs, upgrades, and earnings reports.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 2:25 pm

AAPL

INTC

The Editor in Chief of 9to5Mac has tweeted that Apple is using Intel chips again.

Portfolio Pulse from Charles Gross

September 21, 2023 | 2:10 pm

VRPX

Altasciences has been chosen by Virpax Pharmaceuticals (NASDAQ:VRPX) to conduct preclinical studies for the development of AnQlar, a nanoparticle intended to prevent the spread of negatively charged viruses such as COVID-19 and influenza. The project, in development since 2022, has completed safety assessments and a cardiovascular study. The final step will be a bioanalytical sample analysis.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:01 pm

Southern Co's subsidiary, Southern Power, has acquired its 29th solar project, the Millers Branch Solar Facility, from EDF Renewables. The 200 MW facility, located in Texas, is expandable to 500 MW and is expected to be operational by 4Q25. The facility will sell its electricity and renewable energy credits through a 20-year agreement with Thermo Fisher Scientific. This acquisition increases Southern Power's solar portfolio to over 2,590 MW within its 5,130 MW renewable fleet.

Portfolio Pulse from Akanksha Bakshi

September 21, 2023 | 1:58 pm

OMC

SBGI

TDS

Three high-yielding dividend stocks in the tech and telecom sector have been highlighted by Wall Street's most accurate analysts. These include Sinclair, Inc. (NASDAQ:SBGI) with a dividend yield of 8.65%, Omnicom Group Inc. (NYSE:OMC) with a yield of 3.65%, and Telephone and Data Systems, Inc. (NYSE:TDS) with a yield of 4.13%. Recent news for these companies include a new deal with Taboola for Sinclair, an expanded commerce data partnership with Criteo SA for Omnicom, and the exploration of strategic alternatives for United States Cellular Corporation by TDS.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 1:56 pm

CNVS

Cineverse Corp. (NASDAQ:CNVS) has announced a partnership with Whip Media to integrate Whip Media's Content Value Management (CVM) software platform into Cineverse's Matchpoint Insights. This will automate and streamline the processing of content partner royalty payments across Cineverse's distribution network. The move is expected to reduce costs, increase efficiency, and improve accuracy in financial activities related to content partner contracts and licenses.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 1:32 pm

FRSX

Foresight Autonomous Holdings Ltd. (FRSX) has signed a multi-phase cooperation agreement with a leading global electric vehicle (EV) Chinese original equipment manufacturer (OEM). The first phase involves a proof of concept project to evaluate Foresight's 3D perception capabilities for possible enhancement of the OEM's current automotive vision solution. Upon successful completion, the parties intend to negotiate a definitive commercial agreement for the joint development, integration, and commercialization of Foresight's technology into the OEM's automotive vision systems.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 1:31 pm

Reviver, a technology company specializing in digital license plates, has partnered with Ford Motor Company to offer its RPlate digital license plate as an official accessory. The RPlate will be available at over 300 Ford dealerships in Arizona, California, and Michigan. The digital license plate offers features such as personalized displays, location tracking, and anti-theft measures. This partnership makes Ford the first automaker to offer digital license plate technology to its customers.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 1:30 pm

SGML

Sigma Lithium Corporation (NASDAQ:SGML) has announced the shipment of 22,500 tonnes of Triple Zero Green Lithium to Glencore, as part of their joint effort to build a sustainable global lithium supply chain. The company is on track to produce 130,000 tonnes of Triple Zero Green Lithium in 2023. Sigma Lithium has also announced a collaboration with Glencore to create a low carbon, environmentally and socially sustainable global lithium supply chain for electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 1:25 pm