Streetbeat News

Partnerships

AMZN

RXT

Rackspace Technology has announced a strategic collaboration with Amazon Web Services (AWS) to enhance digital transformation through expanded migration, modernization, and AI solutions. They have also launched the Rackspace Rapid Migration offer to expedite data center moves to AWS.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 3:06 pm

AMD

AVGO

MU

NVDA

TSM

Chip stocks, including Nvidia, Broadcom, Taiwan Semiconductor, and Micron, are trading lower due to AMD's disappointing earnings report. Despite AMD's revenue growth, its gaming and embedded segments declined. The chip sector faces challenges from geopolitical tensions and AI technology sustainability. Partnerships are forming to reduce dependence on Nvidia.

Portfolio Pulse from Anusuya Lahiri

October 30, 2024 | 2:37 pm

UMC

United Microelectronics Corp (UMC) reported better-than-expected Q3 revenue and earnings, with a 6% year-on-year growth. Despite a decline in gross margin, UMC is optimistic about future projects and collaborations. The company expects stable demand and flat wafer shipments in Q4. UMC's stock has declined 11% YTD, with recent downgrades from Morgan Stanley and Goldman Sachs.

Portfolio Pulse from Anusuya Lahiri

October 30, 2024 | 1:42 pm

CSCO

WYY

WidePoint's IT Authorities has secured over $1.7 million in contracts for Cisco and managed IT services, with $1.4 million awarded in Q3. Clients include various sectors such as beverage distribution and sports marketing.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 1:30 pm

MSAI

MultiSensor AI has formed a strategic channel partner relationship with IndustrAI Sàr to roll out its multi-sensor solutions to European customers. This partnership aims to expand MultiSensor AI's market reach in Europe.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 1:30 pm

BLZE

Backblaze has partnered with Opti9 to offer high-performance, low-cost cloud storage solutions. They announced a new data region in Canada, with Opti9 as the exclusive Canadian channel for B2 Reserve.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 1:28 pm

FEMY

Femasys has partnered with Boston IVF to offer FemaSeed, a new fertility treatment. This partnership aims to expand the availability of FemaSeed, potentially increasing Femasys' market reach and revenue.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 1:27 pm

PHG

Philips has partnered with Aspen Dental to launch a multi-year partnership focused on the Sonicare brand. This collaboration aims to provide Philips' clinically proven dental tools and resources to Aspen Dental patients, enhancing patient care.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 1:27 pm

GOOG

GOOGL

NVDA

Jim Cramer highlights that Alphabet's increased AI investments next year could significantly benefit NVIDIA. Alphabet's Q3 earnings showed a 15% revenue rise, indicating strong performance and strategic tech investments. Google and NVIDIA's collaboration in AI technology is expected to intensify competition with Microsoft and OpenAI.

Portfolio Pulse from Benzinga Neuro

October 30, 2024 | 1:24 pm

APPN

Appian has expanded its partnership with the US Army through a Foreign Military Sales Army Case Execution Systems (FMS-ACES) contract. The Appian Platform will modernize the Army's outdated Case Information System, enhancing workflow, data analysis, and reporting capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 1:19 pm