Streetbeat News

Partnerships

AAPL

CRM

DIA

INTC

MSFT

SPY

The Dow Jones Industrial Average hit a new all-time high on Dec. 1, with the SPDR Dow Jones Industrial Average ETF (DIA) up 9.6% YTD. Salesforce (CRM) led the DJIA components with a 92.32% YTD increase, followed by gains in Intel (INTC), Microsoft (MSFT), Apple (AAPL), and Visa (V). Over the past month, DIA outperformed the SPDR S&P 500 ETF (SPY), with DIA up 9.10% compared to SPY's 8.60%. Salesforce's recent stellar results and AI partnership with Amazon have been key growth drivers.

Portfolio Pulse from Surbhi Jain

December 04, 2023 | 3:25 pm

HAS

Starbreeze Entertainment has obtained a license from Wizards of the Coast, a division of Hasbro, Inc., to develop and publish a game based on the Dungeons & Dragons IP. The game, codenamed Project Baxter, is set for release in 2026 and will feature co-operative multiplayer, a Games as a Service model, community engagement, and cross-play on all major platforms. It will be produced using Unreal Engine 5. The partnership aligns with both companies' focus on cooperative and community-driven experiences.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 3:13 pm

RIVN

SIRI

SiriusXM announced a partnership with electric vehicle manufacturer Rivian to integrate SiriusXM's audio entertainment into Rivian's R1T and R1S models in the U.S. starting in 2024. Rivian owners will receive a three-month trial subscription to SiriusXM's service, which will be available through an over-the-air update. The service includes live channels, on-demand content, and personalized recommendations, covering a wide range of music genres, sports, news, entertainment, and comedy.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 3:12 pm

SGD

Safe and Green Development Corporation (NASDAQ:SGD), also known as SG Devco, has entered into a contribution agreement with MNO Partners to form a joint venture for developing the Lago Vista property. The project, estimated to cost around $80 million, will include luxury condos and a marina. SG Devco's subsidiary originally bought the property for $3.5 million and will now contribute it to the JV, receiving a membership interest valued at $11.5 million. MNO Partners will lead the development and secure construction financing as a condition for closing the JV.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 3:02 pm

GOOG

GOOGL

MSFT

TSLA

Larry Page and Elon Musk's friendship ended after a debate on AI's threat to humanity. Page, co-founder of Alphabet Inc., accused Musk, co-founder of Tesla Inc., of being a 'speciesist' for preferring humans over AI life forms. Musk, concerned about AI's potential to eliminate humanity, tried to prevent DeepMind's acquisition by Google but failed. He later co-founded OpenAI, backed by Microsoft Corp., but left due to similar concerns and has called for a pause in AI development.

Portfolio Pulse from Rounak Jain

December 04, 2023 | 2:49 pm

MCOM

Micromobility.com Inc. (NASDAQ:MCOM) CEO Salvatore Palella addresses shareholders, outlining strategic initiatives for profitability and market expansion. The company is pivoting to branded retail and profitable sharing services, with significant cost reductions in Q2. They are introducing Long-Term Rentals (LTR) in key cities and integrating fintech payment solutions, with plans to expand retail outlets in various U.S. cities. MCOM is negotiating a loan leveraging IP and pursuing M&A activities, focusing on profitable growth. The CEO acknowledges past challenges, particularly in the media business segment, and emphasizes a commitment to financial sustainability and shareholder value.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:17 pm

MULN

Mullen Automotive, Inc. has engaged The Basile Law Firm P.C. to review its past financings and provide strategic advice for future funding initiatives. The company emphasizes its commitment to transparency and sustainable growth, and values the support of its active shareholder base. Mark R. Basile, Esq., known for his expertise in securities litigation and improving company operations, is expected to contribute to Mullen's strategic initiatives and core business value.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:16 pm

USIO

Usio, Inc. (NASDAQ:USIO) has entered into a strategic partnership with Genius Avenue, a benefits administration company. The partnership will leverage Usio's technology to power Genius Avenue's new FinTech solution for regulated enterprise businesses in insurance, benefits, and healthcare. The solution includes ACH payment processing, a prepaid card program, commission automation, and integrates with Genius Avenue's platforms to enhance customer experience and financial capabilities.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:13 pm

WISA

WiSA Technologies, Inc. shares surged following the announcement of a 5-year licensing agreement with an HDTV brand for WiSA E technology.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:12 pm

AMD

DELL

HPE

INTC

LNVGF

LNVGY

NVDA

TSM

AMD's EVP and GM, Forrest Norrod, at the UBS Annual Technology Conference, highlighted the potential of the MI300 in positioning AMD as a key player in the AI market. He expects AI revenue to surpass $2 billion in 2024, with the MI300 launch being a significant milestone. AMD's market share in North American hyperscalers is above 50%, and it aims to increase its enterprise sector share. Norrod compared AMD's chiplet technology favorably against NVIDIA and discussed compliance with U.S. export regulations for the Chinese market. Partnerships with companies like HPE, Dell, Lenovo, and Supermicro are key, and AMD's software strategy includes collaborations with hyperscalers and open-source initiatives. AMD maintains a strong foundry partnership with TSMC but is open to working with Intel if they catch up. The company targets a 30% plus operating margin over time, supported by investments in AI and other sectors.

Portfolio Pulse from Surbhi Jain

December 04, 2023 | 2:12 pm