Streetbeat News

Partnerships

CDNS

Cadence Design Systems, Inc. (CDNS) announced that Samsung Foundry successfully taped out a 5G networking SoC design using Cadence's Quantus Extraction Solution and Tempus Timing Solution. This first-time deployment of Cadence signoff solutions resulted in a 2X productivity boost and significant PPA gains for Samsung Foundry. The use of Cadence's integrated flow and tools like the Tempus ECO Option and hierarchical static timing analysis feature contributed to faster design closure and reduced project timelines.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:46 pm

EWZ

USO

Brazil is set to join the OPEC+ oil alliance next year, according to delegates. This move could potentially influence global oil production levels and impact oil prices.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:32 pm

DELL

Dell Technologies Inc. (DELL) is set to release its Q3 fiscal 2024 earnings after market close on Nov. 30, 2023. Analysts predict a decline in earnings per share to $1.46 from $2.30 in the previous year, with expected revenue of $23.02 billion. Dell recently signed a $150 million deal with AI startup Imbue. The stock closed up 1.4% at $75.06. Analysts from Deutsche Bank, Citigroup, Daiwa Capital, Evercore ISI Group, and Barclays have updated their price targets for Dell, with most maintaining a positive outlook except Barclays, which downgraded the stock.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 3:11 pm

VRT

Vertiv Holdings Co. (VRT) shares rose following the announcement of a collaboration with Intel for a liquid cooling solution for the Gaudi3 AI accelerator. Additionally, Goldman Sachs reaffirmed a Buy rating on VRT and increased the price target from $46 to $52.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:05 pm

WMT

Sam's Club, a division of Walmart Inc., is set to open two new distribution centers in early 2024, located outside St. Louis and Minneapolis. These facilities are part of a growth plan to enhance the supply chain and improve the omni shopping experience for members. The St. Louis area center will create over 100 jobs, while the Minneapolis area center will employ more than 80 associates. This expansion follows recent announcements of new distribution and fulfillment centers in Oklahoma City and Lithia Springs, Ga.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:01 pm

BAM

BLK

TPG

The UAE is set to launch a $30bn climate investment fund in collaboration with BlackRock, TPG, and Brookfield during COP28. Lunate Capital, a new Abu Dhabi-based asset manager, will oversee the fund, with $5bn dedicated to investments in the Global South. The initiative is part of the UAE's efforts to position itself as a leader in climate finance and to address scrutiny over its role as a major oil and gas producer hosting the climate summit. The fund aligns with global financial needs for transitioning to green energy and adapting to climate change, as outlined by the UN and the International Energy Agency.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:52 pm

AAPL

AMKR

Amkor Technology Inc (NASDAQ:AMKR) announced plans to build an advanced facility for packaging and testing chips, primarily for Apple Inc (NASDAQ:AAPL). The $2 billion investment aims to strengthen the US semiconductor supply chain, with Apple being the first major customer. Amkor's new facility will be located in Arizona, close to TSMC's fab, and the company has applied for CHIPS funding. Following the announcement, AMKR shares rose by 2.89%.

Portfolio Pulse from Adam Eckert

November 30, 2023 | 2:41 pm

ASPS

Altisource Portfolio Solutions (ASPS) has expanded its collaboration with the National Community Stabilization Trust (NCST) to increase access to affordable housing through its Hubzu online auction platform. This partnership aims to provide local nonprofits and other eligible organizations with the opportunity to purchase foreclosed and bank-owned properties before they are made available to the general public.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:18 pm

INTA

Intapp (NASDAQ:INTA), a provider of cloud software for professional and financial services, announced that IBB Law LLP has chosen Intapp Documents to upgrade their document management system. This move will allow IBB Law to manage documents in the cloud, improve collaboration, and integrate with Microsoft apps and security policies. Intapp's alignment with Microsoft's strategy was a key factor in IBB Law's decision. Transform Data will assist in deploying Intapp Documents to enhance knowledge management and data flow within IBB Law.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:12 pm

BXRX

BioCryst Pharmaceuticals has revised its agreement with Torii Pharmaceutical regarding ORLADEYO in Japan. BioCryst Japan K.K. will now handle all commercial promotion, while Torii focuses on hereditary angioedema disease awareness activities, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:11 pm