Streetbeat News

Partnerships

VERB

Verb Technology Company Inc (NASDAQ:VERB) shares surged by 24% following the announcement of new technology integrations for its MARKET.live platform. These integrations will allow seamless connectivity with existing ecommerce solutions of vendors, improving inventory management and synchronization. The company has added 10 high-profile brands in just one week, enhancing the shopping experience for MARKET.live users.

Portfolio Pulse from Henry Khederian

November 06, 2023 | 2:39 pm

VIAV

Windstream Wholesale and VIAVI Solutions (NASDAQ:VIAV) have announced the integration of VIAVI's Remote Fiber Test System (RFTS) into Windstream's Intelligent Converged Optical Network (ICON). The tool, which will be available in Q1 2024, will advance network intelligence functionality for Dark Fiber and Wavelength monitoring. The integration will enable early detection of fiber breaks, faster repair times, and increased transparency of network health and performance.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 2:32 pm

KNDI

Kandi America, a subsidiary of Kandi Technologies Group, Inc. (NASDAQ:KNDI), has announced a strategic partnership with Rural King, a large farm and home retailer in the Midwest and Southern US. This partnership is part of Kandi's strategic expansion and will broaden its product reach. The collaboration aligns with Kandi's vision to provide accessible, sustainable electric off-road vehicles nationwide.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 2:17 pm

AMZN

GOOG

MSFT

NVDA

Amazon, Microsoft, and Alphabet are increasing their capital spending to build up capacity in the AI and cloud computing sectors. This has led to a surge in capital spending to $42 billion in Q3 2023, a 20% YoY increase. Analysts predict a further acceleration in cloud-related spending next year. Nvidia, a key supplier of GPU and chips, is expected to benefit from this trend. However, there are concerns that focusing on capital-intensive AI and cloud services could pressure profit margins.

Portfolio Pulse from Anusuya Lahiri

November 06, 2023 | 2:09 pm

ACHR

Archer Aviation Inc. (ACHR) plans to debut its electric air taxi, Midnight, at the Dubai Air Show. The company recently announced a partnership with the Abu Dhabi Investment Office to make the UAE Archer's first international launch partner, with operations commencing in Abu Dhabi and Dubai in 2026. Archer is also working with Stellantis, Falcon Aviation, and GAL-AMMROC to build out aircraft manufacturing capabilities to service regional demands in the UAE and surrounding areas.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 2:07 pm

VECO

Veeco Instruments Inc. has shipped its first NSA500 Nanosecond Annealing System to a Tier 1 logic customer, marking a significant step in its leadership in advanced laser annealing technology. The NSA500 is designed for low thermal budget and material modification applications, crucial for advanced node and 3D applications. Veeco plans to ship its second evaluation system to another Tier 1 customer in the coming months and anticipates initial high-volume manufacturing orders in late 2024 or 2025.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 2:06 pm

ANSS

MTLS

Ansys (NASDAQ: ANSS) and Materialise (NASDAQ: MTLS) have announced a strategic partnership to deliver integrated digital solutions to address workflow challenges in the additive manufacturing (AM) industry. The partnership will integrate Ansys Additive Suite into Materialise's data and build preparation tool, Magics. The initial solution, to be previewed at Formnext 2023 and arriving in Q2 2024, will provide a workflow for managing AM industrial projects across industries, including the medical and aerospace sectors.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 2:02 pm

IBM

Riyadh Air and IBM have signed a strategic agreement where IBM Consulting will be the lead systems integrator to support the creation, building, and orchestration of the technology foundation for the digitally native airline. The collaboration aims to position Riyadh Air strategically within the broader ecosystem to offer digital innovations and exceptional experiences for travelers. IBM Consulting will also establish and maintain Riyadh Air's hybrid cloud integration platform.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:59 pm

COMM

STM

CommScope (NASDAQ:COMM) and STMicroelectronics (NYSE:STM) have announced the integration of CommScope's PKIWorks IoT security platform with ST's STM32WB microcontroller unit. This solution simplifies the development and provisioning of secure IoT devices that meet the Connectivity Standards Alliance's Matter standard for security. The collaboration leverages CommScope's experience in integrating cryptographic keys and digital certificates into high-volume manufacturing production and ST's leadership in microcontrollers.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:54 pm

HAL

OIS

Halliburton and Oil States Industries have collaborated to provide innovative deepwater Managed Pressure Drilling solutions. This collaboration will streamline the installation of all aspects of the deepwater Managed Pressure Drilling equipment, control systems, and services.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:52 pm