Streetbeat News

Partnerships

ETHUSD

FLOWUSD

MATICUSD

XTZUSD

Rarible, a leading NFT marketplace, has partnered with Ethereum's Mantle Network to launch a new NFT marketplace called Mintle. The partnership is part of Rarible's cross-chain strategy, with over $27 million in NFTs traded across Ethereum, Polygon, Flow, and Tezos. Mintle is built on the open-source Rarible Protocol and supports NFT creator royalties.

Portfolio Pulse from Justin Roberti

September 22, 2023 | 8:03 pm

AVGO

GOOG

Truist Securities analyst William Stein reiterated a Buy rating and a $995 price target for Broadcom Inc (AVGO). Despite speculation that AVGO may lose Alphabet Inc (GOOG, GOOGL) as a critical AI computing customer, Stein views this as unlikely. He estimates this potential loss relates to ~55% of AVGO's AI-related revenue, ~11% of total revenue, and ~8% of EPS. Stein remains optimistic about AVGO's fundamentals and themes, including mid-single-digit organic sales growth and double-digit dividend growth.

Portfolio Pulse from Anusuya Lahiri

September 22, 2023 | 7:14 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT) and Paige, a digital pathology specialist, are partnering to develop the world's largest image-based AI model for cancer detection. The AI model will be designed using over 1 billion images from 500,000 pathology slides across various cancer categories. Paige's FullFocus viewing tool, the only AI tool to have received FDA approval for use in pathology, will be used as a supplementary tool for prostate cancer identification. However, it may take years before the AI model is commercially available due to potential regulatory challenges.

Portfolio Pulse from Chris Bibey

September 22, 2023 | 5:09 pm

COHR

Coherent Corp, a major U.S. supplier of materials for the automotive industry, is in talks with four Japanese companies - Denso Corp, Hitachi Ltd, Mitsubishi Electric Corp, and Sumitomo Electric Industries Inc - for an investment in its silicon carbide business. The investment, valued at up to $5 billion, would help Coherent expand its production of silicon carbide wafers, which are used in electric vehicles. No deal is certain yet.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 5:08 pm

AMGN

BAYRY

MYNZ

NVS

AI is revolutionizing the pharmaceutical industry by speeding up clinical trials and improving diagnostics. Mainz Biomed (NASDAQ:MYNZ) has developed ColoAlert, a test for early detection of Colorectal cancer, and partnered with Microba Life Sciences to improve its development of PancAlert. Major drugmakers like Amgen Inc (NASDAQ:AMGN), Bayer Aktiengesellschaft (OTC:BAYRY) and Novartis AG (NYSE:NVS) are using AI to find patients for clinical trials, reducing costs and accelerating drug development. However, the effectiveness of AI depends on the quality of the data it learns from.

Portfolio Pulse from Upwallstreet

September 22, 2023 | 4:51 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP) has announced that the New York Police Department (NYPD) has launched the Knightscope K5 security robot service in a Manhattan subway station. The first two weeks will be spent on training, configuration and setup protocols for the autonomous robot to navigate followed by patrol activities. The company's technologies have been successfully used by other police departments, with one agency in Los Angeles County, California, praising Knightscope for reducing crime in a public park.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 4:44 pm

INFY

NVDA

RLNY

Nvidia's founder Jensen Huang has been touring India, meeting with tech luminaries, business moguls, and Prime Minister Narendra Modi. The company is set to increase its investment and partnerships in India, which is seen as a vital market for Nvidia's AI push. Nvidia is building one of the world's most advanced AI supercomputers in India, in partnership with Reliance Industries Limited and Tata Group. The company is also working with Infosys Limited to train 50,000 engineers on its generative AI programming.

Portfolio Pulse from Daniel Harrison

September 22, 2023 | 3:49 pm

ABAT

BRDS

EXAI

NIO

PINS

Benzinga's Stock Whisper Index highlights five stocks warranting attention for the week of Sept. 22, 2023. These include Nio Inc, which plans to raise $1 billion through convertible senior notes and launch a smartphone for its vehicles; Pinterest, which expects revenue growth in the mid to high teens for the next three to five years and announced a $1 billion share buyback plan; Exscientia Plc, which announced a collaboration with Merck KGaA; Bird Global, which announced the acquisition of Spin; and American Battery Technology, which completed an uplisting from the OTC to the Nasdaq.

Portfolio Pulse from Chris Katje

September 22, 2023 | 2:40 pm

STLA

UAW President Shawn Fain has stated that Stellantis and General Motors will require serious pushing, while the union has made progress with Ford Motor in contract talks.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 2:17 pm

HSAI

Hesai Technology (NASDAQ:HSAI) has announced a new design win with FAW Group, one of the largest automotive OEMs in China, for their next generation EV model under Hongqi brand. This marks the first design win for Hesai's ultra-thin long-range lidar ET25, and the first series production program with an in-cabin lidar solution to be announced globally. The program is expected to begin mass production and delivery by the first half of 2025.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 2:16 pm