Streetbeat News

Partnerships

AAPL

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSM) reported a significant month-on-month topline growth of 34.8% in October, with the strong dollar and Apple Inc's new product launch contributing to this growth. TSMC is also planning to build its second wafer fab in Japan, focusing on 6nm process manufacturing, with substantial financial commitment from the Japanese government. Nvidia Corp's CEO praised TSMC for its role in Nvidia's success at a recent event in Taipei.

Portfolio Pulse from Anusuya Lahiri

November 10, 2023 | 2:13 pm

CDLX

CRTO

DISH

TTD

UONE

The article lists five oversold stocks in the communication services sector that may present buying opportunities. These include The Trade Desk, Inc. (TTD), Urban One, Inc. (UONE), Criteo S.A. (CRTO), Cardlytics, Inc. (CDLX), and DISH Network Corporation (DISH). The companies' recent performance and RSI values are discussed.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 1:51 pm

LILA

Liberty Latin America (LILA) has signed an agreement with Phoenix Tower International to monetize approximately 1,300 mobile tower assets. The total proceeds from the deal are expected to be $407 million, which will be used to reduce debt and further invest in businesses. The transaction includes sites across six markets in the Caribbean and Panama, unlocking significant value at an accretive cash flow multiple with $355 million of expected proceeds.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 1:30 pm

DIS

Disney is reportedly considering integrating some of its TV networks into A+E Networks, a joint venture with Hearst, according to the Wall Street Journal. The move is seen as a strategic step to streamline operations and focus on core businesses.

Portfolio Pulse from Charles Gross

November 10, 2023 | 1:09 pm

PSNY

Polestar Automotive Holding UK Plc (NASDAQ:PSNY) and StoreDot, an Israel-based electric vehicle batteries maker, have partnered to explore the application of XFC battery cell technology to an existing platform. The '100-in-5' XFC cell charging technology, which delivers 100 miles of range in just five minutes of charging, was demonstrated alongside a Polestar battery module prototype. The collaboration follows Polestar's investment in StoreDot and is part of an ongoing strategic partnership. The companies aim to demonstrate StoreDot's production-ready XFC technology at full scale in a Polestar 5 prototype vehicle in 2024.

Portfolio Pulse from Shivani Kumaresan

November 10, 2023 | 1:01 pm

NVDA

SSNLF

TSM

Nvidia Corp (NVDA) is making headlines for its continued expansion in China and AI endeavors. The company plans to introduce three new chips in China to balance U.S. technology sanctions and its leading market. Nvidia CEO Jensen Huang praised Taiwan Semiconductor Manufacturing Co (TSM) founder Morris Chang for his pivotal role in Nvidia's success. NVDA shares traded higher by 0.37% at $471.25 premarket on the last check Friday.

Portfolio Pulse from Anusuya Lahiri

November 10, 2023 | 12:53 pm

NFLX

WBD

Verizon Communications Inc plans to offer ad-supported versions of Netflix Inc and Warner Bros Discovery Inc's Max streaming services for about $10 a month combined, down from $17. The move is timed with the holiday season. Netflix and Warner Bros will share revenue with Verizon, though financial terms are undisclosed. Verizon's Q3 sales declined 2.6% YoY to $33.34 billion, slightly beating consensus. Netflix shares are trading higher by 0.46% at $437.13.

Portfolio Pulse from Anusuya Lahiri

November 10, 2023 | 12:47 pm

AAOI

Applied Optoelectronics has entered into an exclusive distribution agreement with Digicomm International. Under the agreement, Digicomm will be the exclusive go-to-market supplier of AOI's Quantum12 Cable Amplifiers.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:07 pm

KZIA

Kazia Therapeutics has announced the publication of preclinical data on Paxalisib, a product of its research collaboration with the Huntsman Cancer Institute at the University of Utah. The data, published in Molecular Cancer Therapeutics, highlights the potential of Paxalisib in cancer treatment.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:06 pm

LILM

Lilium N.V. (NASDAQ:LILM) has extended its partnership with InoBat for high-volume production of the Lilium Jet's high-performance battery cells. This move is part of Lilium's multiple-sourcing strategy for cell production and will help secure a steady supply of battery cells for the Lilium Jet.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:05 pm