Streetbeat News

Partnerships

QCOM

Qualcomm has partnered with Mistral AI to integrate Mistral's generative AI models into devices using Qualcomm's Snapdragon platforms. This collaboration aims to enhance on-device AI capabilities, offering benefits like improved privacy and efficiency.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:03 pm

QCOM

Qualcomm shares are experiencing a decline following reports that Arm has threatened to cancel its chip design license with the company.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 6:42 pm

FINX

GFOF

GPN

PYPL

PayPal has expanded its partnership with Global Payments to enhance e-commerce checkout experiences. This collaboration will provide U.S. merchants with improved PayPal and Venmo checkout solutions, aiming to boost conversion rates and reduce checkout times. The partnership leverages PayPal's expertise to transform guest checkout experiences, potentially increasing conversion rates by nearly 50%.

Portfolio Pulse from Lekha Gupta

October 23, 2024 | 6:39 pm

DIS

MGNI

Magnite, Inc. (MGNI) stock rose following a renewed two-year deal with Walt Disney Co. (DIS), continuing their six-year partnership. Magnite remains Disney's preferred supply-side technology partner, facilitating ad-supported content monetization. The partnership includes expanding ESPN and podcast offerings. Disney's streaming division reported its first profitable quarter.

Portfolio Pulse from Anusuya Lahiri

October 23, 2024 | 6:00 pm

QCOM

Analyst Ming-Chi Kuo suggests that the likelihood of ARM canceling Qualcomm's license is very low, as it would be mutually destructive. A settlement is expected in the ongoing dispute.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 5:57 pm

RACE

SHEL

Shell has renewed its partnership with Ferrari, effective January 2026, and is acquiring a power plant in Rhode Island. The acquisition will enhance Shell's position in the ISO New England power market. Shell's shares are slightly down, but the company has raised its Q3 production outlook.

Portfolio Pulse from Lekha Gupta

October 23, 2024 | 5:32 pm

AAPL

Apple has released a beta version of its new AI features, including ChatGPT integration, which is expected to drive iPhone upgrades. The features are part of iOS 18.2 for developers, with a public release next week. The integration with OpenAI's ChatGPT enhances Apple's AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 5:27 pm

MSFT

TVGN

Tevogen Bio Holdings Inc. (NASDAQ:TVGN) shares surged after announcing its AI division, Tevogen AI, joined Microsoft's startup program. This partnership aims to leverage Microsoft's AI technology to reduce drug development costs and expedite drug discovery. Tevogen's stock rose 60.3% following the news.

Portfolio Pulse from Dylan Berman

October 23, 2024 | 4:41 pm

AMZN

CEG

GOOGL

MSFT

NLR

OKLO

The European Nuclear Alliance urges the EU to reconsider nuclear energy policies, highlighting its role in decarbonization. US tech giants like Amazon and Google are investing in nuclear power, while Constellation Energy plans to reopen a nuclear plant with Microsoft. The Biden administration supports nuclear energy, boosting related stocks and ETFs.

Portfolio Pulse from European Capital Insights

October 23, 2024 | 4:29 pm

AXP

IPAY

TGLR

American Express (AXP) has expanded its sponsorship with Formula 1 to a global level, enhancing fan experiences and hosting business customers. This move aligns with its strategy to attract Millennials and Gen Z, its fastest-growing customer segment. AXP recently became the sole owner of Swisscard and reported mixed Q3 results.

Portfolio Pulse from Lekha Gupta

October 23, 2024 | 4:22 pm