Streetbeat News

Partnerships

ARKK

COIN

DNA

GOOGL

MARA

RIOT

TSLA

Cathie Wood's ARK ETFs saw a significant surge, with assets under management increasing by $600 million in a single day due to a rally in crypto-related and electric vehicle stocks. The ARK Innovation ETF (ARKK) gained 5.34% and saw its AUM rise by nearly $400 million. The surge was fueled by a court ruling in favor of Grayscale's Bitcoin ETF application and a 7% surge in Bitcoin's value. Crypto-related stocks such as Coinbase (COIN), Marathon Digital Holdings (MARA), and Riot Platforms (RIOT) saw double-digit gains. Tesla (TSLA), the largest holding within Wood's Ark funds, experienced a resurgence of 7.3%. Ginkgo Bioworks Holdings (DNA) surged over 24% following the announcement of a partnership with Google Cloud (GOOGL).

Portfolio Pulse from Piero Cingari

August 29, 2023 | 8:52 pm

AIR

AAR Corp (AIR) and Moog Inc. have signed two multi-year commercial agreements. Under these agreements, AAR will distribute Moog products applicable to mature aircraft platforms and reciprocal component repair services will be provided.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:22 pm

DNB

GOOG

GOOGL

Dun & Bradstreet (NYSE:DNB) is collaborating with Google Cloud on generative artificial intelligence (gen AI) initiatives. Dun & Bradstreet will use Google Cloud's gen AI platform, Vertex AI, for customer innovation powered by D&B.AI Labs. The collaboration is part of a 10-year strategic agreement announced in early 2022. Google Cloud's gen AI will also power Dun & Bradstreet's new AI Virtual Agent designed for use in its data-driven software solutions. Additionally, all new Google Play Console organization developer accounts must provide a valid D-U-N-S Number from Dun & Bradstreet before submitting apps.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 7:08 pm

GOOGL

NVDA

Google Cloud, a division of Alphabet Inc., and NVIDIA have expanded their partnership to advance AI computing, software, and services. The collaboration aims to deliver AI solutions to industries globally.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 4:46 pm

GOOG

GOOGL

Google Cloud and the government of El Salvador have announced a multi-year agreement to help the country become a technological hub in Central America.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 4:39 pm

DELL

Dell Technologies Inc. has launched its Dell NativeEdge software platform globally. The platform is designed to simplify the deployment, management, and security of customers' edge infrastructure and applications. Dell claims that the platform can accelerate the lifecycle management process by up to 22 times by automating routine tasks. Partners such as Infront Systems, Involta, Telit Cinterion, and World Wide Technology are collaborating with Dell on this project. Dell's shares are currently trading lower by 0.38 to $56.97.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2023 | 4:36 pm

GPS

Macy's Inc (NYSE:M) and Gap, Inc. (NYSE:GPS) have announced their first-ever partnership to launch an exclusive collection of sleepwear, underwear and intimates for men and women. The collection will be available in Macy's mobile app and select stores nationwide. Following the announcement, Macy's shares are trading higher by 2.55% at $12.47.

Portfolio Pulse from Shivani Kumaresan

August 29, 2023 | 4:21 pm

Model 1 Commercial Vehicles has signed a contract with the California Vanpool Authority (CalVans) to supply 403 new Ford E-Transit vans. This move is part of CalVans' efforts to replace its traditional-fuel units with electric vehicles (EVs). Model 1, the nation's largest bus and transportation services dealer, was able to meet CalVans' timing and deliver an entire fleet of Ford E-Transit vans, despite many vehicle dealers still recovering from pandemic-related supply chain issues.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 4:07 pm

EQNR

KITT

Equinor ASA has engaged Nauticus Robotics Inc and its local business partner, Stinger Technology AS, to deploy proprietary leak detection technology service. The pilot project aims to demonstrate and qualify Nauticus leak detection technology from autonomous robots in Equinor. However, Nauticus Robotics' shares are trading lower by 0.48% at $2.06.

Portfolio Pulse from Shivani Kumaresan

August 29, 2023 | 3:43 pm

GOOGL

SIX

Six Flags Entertainment Corp (SIX) is partnering with Alphabet Inc.'s Google Cloud to enhance visitor experiences and optimize business operations. The collaboration will use Google Cloud's Vertex AI Conversation and other services to boost digital transformation at Six Flags, including introducing a virtual assistant powered by generative AI. Six Flags will also apply Google Cloud's capabilities in AI, analytics, and infrastructure to offer improved operations, personalization, and customer experiences across its parks.

Portfolio Pulse from Shivani Kumaresan

August 29, 2023 | 3:33 pm