Streetbeat News

Partnerships

AMD

AMZN

ARM

GOOGL

IVV

MSFT

NVDA

SPY

Nvidia is expanding its global presence by developing AI chips in India and investing in Thailand. The company aims to leverage India's chip design talent and Thailand's growing AI data center market. Nvidia's stock has surged over 233% in the past year.

Portfolio Pulse from Anusuya Lahiri

October 22, 2024 | 5:32 pm

FCEL

HYDR

FuelCell Energy has signed an MOU with Korea Hydro & Nuclear Power to collaborate on hydrogen energy initiatives in South Korea. This partnership aims to develop advanced energy solutions using FuelCell's technology and KHNP's nuclear power plants to produce low-cost, clean hydrogen. FuelCell's shares rose 2.59% following the announcement.

Portfolio Pulse from Lekha Gupta

October 22, 2024 | 5:29 pm

AIPI

CIBR

CRWD

FTNT

CrowdStrike and Fortinet have partnered to integrate AI-native security from CrowdStrike's Falcon platform with Fortinet's next-generation firewalls, enhancing endpoint and network security. This collaboration aims to improve threat detection and response, offering customers comprehensive insights and real-time protection.

Portfolio Pulse from Lekha Gupta

October 22, 2024 | 5:14 pm

FLGC

Flora Growth Corp. (NASDAQ:FLGC) has announced the development of a new specialized beverage facility, marking its entry into the $220 million U.S. THC-infused beverage market. The facility uses technology from Peak, a leading Canadian cannabis beverage producer, to deliver high-quality products and gain a competitive edge. The U.S. market for THC-infused beverages is expected to grow significantly, with projections reaching half a billion dollars by 2030.

Portfolio Pulse from Rolando García

October 22, 2024 | 5:00 pm

NVDA

SOUN

STLA

SoundHound AI is expanding its AI technology in the automotive sector through partnerships with companies like Hyundai and Stellantis. The company aims to enhance vehicle interactions and create monetization opportunities for automakers. SoundHound is also backed by NVIDIA, highlighting its strong position in the AI space.

Portfolio Pulse from Chris Katje

October 22, 2024 | 4:49 pm

AMZN

KLXY

MGRO

Estée Lauder Companies, Inc. (NYSE:EL) has partnered with Amazon to launch its products in the Amazon Premium Beauty store. Despite this partnership, Estée Lauder shares are trading lower, having lost over 35% in the past year. Investors can access Estée Lauder through ETFs like VanEck Morningstar Wide Moat Growth ETF (BATS:MGRO) and KraneShares Global Luxury Index ETF (NYSE:KLXY).

Portfolio Pulse from Nabaparna Bhattacharya

October 22, 2024 | 4:49 pm

MVAL

NKE

OCEN

Nike has extended its partnership with the NBA and WNBA for 12 more years, reinforcing its position as the exclusive provider of on-court uniforms. The deal includes new content initiatives and a joint membership program. Nike's recent earnings report showed mixed results, with revenue slightly missing estimates but EPS beating expectations.

Portfolio Pulse from Lekha Gupta

October 22, 2024 | 4:40 pm

AKBA

Akebia Therapeutics' stock rises following a new multi-year commercial contract with a major kidney care provider, enhancing access to its drug Vafseo for dialysis patients.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 4:34 pm

APO

ARM

SFTBY

Apollo and SoftBank discussed creating a $20 billion fund to invest in AI-related infrastructure like data centers and chip factories. Talks have cooled, but the venture could involve Arm, a SoftBank-owned chip company. SoftBank's CEO is focused on AI, aiming to compete with Nvidia.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 4:33 pm

HYZN

Hyzon Motors Inc. (NASDAQ:HYZN) shares surged after announcing a purchase agreement with GreenWaste for 12 hydrogen-powered refuse trucks. This deal, contingent on meeting specific terms, marks GreenWaste as the first in North America to operate such vehicles. Hyzon's recent production start of its 200kW Fuel Cell System and partnership with New Way Trucks are key developments.

Portfolio Pulse from Vaishali Prayag

October 22, 2024 | 4:32 pm