Streetbeat News

Partnerships

AMZN

NOW

ServiceNow (NYSE:NOW) has entered into a five-year Strategic Collaboration Agreement with Amazon Web Services (AWS) to offer its platform and solutions as a SaaS on AWS Marketplace starting early 2024. They will co-develop AI-powered applications for specific industries, enhancing business workflows. The partnership aims to optimize performance, maintain agility, and provide a flexible environment for infrastructure management. ServiceNow and AWS will focus on manufacturing, supply chain, call centers, and cloud transformation use cases. ServiceNow's AI capabilities will be integrated with AWS services to innovate in various sectors, including automotive manufacturing and supply chain management.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 4:31 pm

APEUSD

AXSUSD

ILVUSD

MANAUSD

SANDUSD

Cryptocurrency tokens linked to Web3 gaming projects, including Axie Infinity (AXS), ApeCoin (APE), and Illuvium (ILV), have seen significant gains in the past week. AXS rallied by 20%, APE by 19%, and ILV by 23%, with all three ranking among the top 100 cryptocurrencies by market cap. Decentraland (MANA) and The Sandbox (SAND) also reported gains of 12% and 9%, respectively. Developments such as Axie Infinity's relaunch of 'Axie Classic', the potential use of APE in the Otherside metaverse game, and Illuvium's Beta 3 release contributed to the surge. The Sandbox's partnership with CoinDCX for BharatBox, a cultural metaverse hub, was also highlighted. The Blockchain Gaming Market study predicts the market will grow at a CAGR of 60.4% to $772.7 billion by 2032, driven by NFTs and digital ownership.

Portfolio Pulse from Khyathi Dalal

November 29, 2023 | 4:24 pm

SPOT

TSLA

Joe Rogan's podcast, 'The Joe Rogan Experience,' remains the most popular on Spotify for the fourth consecutive year. The podcast, which features high-profile guests like Elon Musk and covers controversial topics, is exclusive to Spotify. Spotify's current contract with Rogan, worth over $200 million, is set to expire in mid-2024, and the company faces a decision on renewal amid hints of cost-cutting. Spotify shares have risen 1% and hit new 52-week highs, with a year-to-date increase of over 120% in 2023.

Portfolio Pulse from Chris Katje

November 29, 2023 | 4:07 pm

EPOW

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) announced that its subsidiary, Sunrise (Guizhou) New Energy Materials Co., Ltd., has secured a $28 million investment to supplement the company's cash flow. This investment will support the fulfillment of substantial orders from major clients, including CATL and BYD, and top energy storage battery companies.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 4:06 pm

DISH

FOXA

FOX Weather, a free ad-supported streaming weather service by FOX News Media, has expanded its distribution to DISH Network and Sling Freestream. The service will be available on DISH Network channel 222 and through the DISH Anywhere TV app. Sling Freestream will also add FOX Weather to its lineup, accessible via the SLING TV app and website. Since its launch in October 2021, FOX Weather has been added to multiple platforms, including Verizon Fios, Samsung TV Plus, and others.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 4:01 pm

KEYS

Keysight Technologies, Inc. (NYSE:KEYS) has been selected by Arbe to provide the E8719A Radar Target Solution (RTS) for testing Arbe's 4D imaging radar chipset used in automotive applications. The Keysight solution offers full radar band coverage from 76 – 81 GHz, high radio frequency performance, and enables accurate and automated over-the-air calibration. Arbe will also use Keysight's software for test automation and manufacturing analytics to enhance the radar module manufacturing process.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 4:01 pm

AMZN

NVDA

JMP Securities analyst Nicholas Jones maintains a Market Outperform rating on Amazon (AMZN) with a price target of $175, highlighting Amazon Web Services' (AWS) focus on generative AI, performance, cost reduction, and data privacy. AWS showcased partnerships and new solutions at AWS re:Invent 2023, with a particular emphasis on a partnership with Nvidia (NVDA) to boost Generative AI development. This partnership is expected to enable secure and scalable adoption of Generative AI solutions across industries. Amazon Q was also introduced as a tailored AI solution for businesses. AMZN shares were down 0.36% at $148.50.

Portfolio Pulse from Anusuya Lahiri

November 29, 2023 | 3:37 pm

MSFT

SNPS

Synopsys Inc (NASDAQ:SNPS) is set to report Q4 earnings with expectations of $3.03 EPS and $1.58 billion in revenue. The stock has risen 70% YTD and saw a 2.5%+ increase after announcing a strategic collaboration with Microsoft Inc (NASDAQ:MSFT) involving Synopsys.ai Copilot and Azure OpenAI Service. Analysts focus on Synopsys' AI integration in EDA, demand for AI chips, and internal workflow optimization. The company has a Buy consensus rating with a $405.23 target price, while Stifel's Ruben Roy has a $550 target, citing robust semiconductor design activity and progress on AI tools.

Portfolio Pulse from Surbhi Jain

November 29, 2023 | 3:23 pm

UBER

Uber Technologies, Inc. plans to integrate London's black cabs into its platform in 2024, despite opposition from the Licensed Taxi Drivers Association (LTDA). The service will offer commission-free bookings for the first six months. LTDA criticized Uber's safety record, but Uber cites successful taxi integrations in other cities. The first black cab driver to join Uber sees potential for increased earnings. Uber's Q3 FY23 revenue grew 11% to $9.29 billion, missing estimates, with trips up 25% year-over-year.

Portfolio Pulse from Anusuya Lahiri

November 29, 2023 | 3:23 pm

AMZN

ASML

NVDA

TSM

Nvidia Corp (NVDA) sees its stock rise as it strengthens its partnership with Amazon Web Services (AMZN) for new AI chips and collaborates with Chinese expertise for autonomous vehicles. Nvidia, along with Taiwan Semiconductor Manufacturing Co (TSM), leads the advanced chip market, posing a challenge to competitors like OpenAI. Nvidia dominates the GPU market, crucial for machine learning, while TSMC leads in advanced chip production. Both companies face manufacturing and patent challenges, but Nvidia is adapting its AI chips to comply with U.S. regulations for the China market. NVDA stock has surged over 234% YTD.

Portfolio Pulse from Anusuya Lahiri

November 29, 2023 | 3:19 pm