Streetbeat News

Partnerships

AAPL

AMD

NVDA

QCOM

SSNLF

Advanced Micro Devices (AMD) and Qualcomm (QCOM) are reportedly developing FidelityFX Super Resolution (FSR) technology jointly for Nvidia (NVDA) and Samsung (SSNLF). The technology, which improves frame rates and uses AI to upscale resolution, is expected to be featured in Samsung's next-generation flagship smartphone, the Galaxy S24. The news has led to a slight increase in AMD's stock price.

Portfolio Pulse from Anusuya Lahiri

November 06, 2023 | 3:44 pm

AMST

Amesite Inc. (NASDAQ:AMST) has expanded its partnership with Benedict College for a 5-year term through the NAFEO-Amesite Alliance. The partnership aims to expand the capability of NAFEO's associated member colleges and universities to deliver professional learning and drive impact and revenue. This follows Amesite's recent risk-free offering for higher education, which includes benefits such as ease of adoption, revenue generation, and brand leverage.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 3:37 pm

BNTX

BioNTech reported better-than-expected Q3 EPS results and updated FY23 guidance, causing its shares to trade higher. The company also announced an exclusive license and collaboration agreement to develop, manufacture and commercialize PM8002 globally, excluding China.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 3:29 pm

Hyatt Hotels Corporation (NYSE:H) and Parks Hospitality Holdings (PHH) have announced a collaboration to expand Hyatt's brand footprint in Mexico with the development of four new properties across key destinations, including Mexico City, Los Cabos, and Cancun. The new properties are expected to open starting 2024 and will include two Grand Hyatt hotels, a new select-service offering near the Cancun International Airport, and the debut of the Park Hyatt brand in Cancun. The collaboration reflects a strong development pipeline driven by sustained demand for leisure and luxury travel.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 3:02 pm

APD

VGK

XOM

Air Products announced plans to build Europe's largest blue hydrogen plant in Rotterdam, the Netherlands, expected to be operational by 2026. The plant will serve ExxonMobil's Rotterdam refinery and other customers via Air Products' hydrogen pipeline network. The project is part of long-term agreements with ExxonMobil and the Dutch State. The plant will also feature a carbon capture and CO2 treatment facility, which will help reduce Air Products' direct emissions and contribute to meeting the Dutch National Climate Agreement targets.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 2:41 pm

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