Streetbeat News

Partnerships

DELL

NVDA

Dell Technologies and NVIDIA have announced a collaboration to launch Project Helix, aimed at assisting enterprises in building and deploying reliable, on-premises generative AI. The initiative will offer full-stack solutions with technical expertise and pre-built tools. Project Helix will be available from July 2023.

Portfolio Pulse from Lekha Gupta

May 23, 2023 | 6:02 pm

AAPL

AVGO

Broadcom Inc. (AVGO) shares are up on news that its subsidiaries have commenced two multi-year statements of work (SOW) with Apple Inc (AAPL) to supply high-performance RF and wireless components and modules for Apple products. BofA Securities analyst Vivek Arya maintained a Buy rating for Broadcom and raised the price target from $725 to $800.

Portfolio Pulse from Ryan Gustafson

May 23, 2023 | 5:52 pm

DELL

NVDA

Dell Technologies and NVIDIA announce Project Helix, a joint initiative to simplify the deployment of secure, on-premises generative AI for enterprises. The project offers full-stack solutions with technical expertise and pre-built tools based on Dell and NVIDIA infrastructure and software.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 5:04 pm

VLVLY

Volvo AB has signed a long-term agreement with Vattenfall, Sweden's largest producer of renewable electricity. Volvo Group will purchase 50% of the renewable electricity produced at Bruzaholm wind park in Sweden for 10 years starting in Q4 2025. The partnership supports Volvo's commitment to achieve net-zero greenhouse gas emissions by 2040.

Portfolio Pulse from Shivani Kumaresan

May 23, 2023 | 4:20 pm

AAPL

AVGO

Broadcom announced two multi-year statements of work with Apple for RF and wireless components and modules, leading to a rise in Broadcom shares.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 3:58 pm

FOX

FOXA

Legendary quarterback Tom Brady is rumored to be acquiring an ownership stake in the Las Vegas Raiders NFL team. This comes after his retirement from the NFL and a deal signed with Fox Sports as a lead analyst.

Portfolio Pulse from Chris Katje

May 23, 2023 | 3:55 pm

ARKK

PLTR

Palantir Technologies (PLTR) shares reached new 52-week highs following continued purchases by Ark Invest's Cathie Wood. Palantir recently reported better-than-expected quarterly results and strong demand for its new AI platform. The company also announced a partnership with Brazilian fashion retail brand C&A Modas to develop an integrated management flow system using Palantir's Foundry platform.

Portfolio Pulse from Adam Eckert

May 23, 2023 | 3:45 pm

FXCOF

RIDE

Lordstown Motors Corp (NASDAQ:RIDE) announced a 1:15 reverse stock split on May 24 to avoid potential Nasdaq delisting and secure a $170-million funding lifeline from Foxconn Technology Co Ltd (OTC:FXCOF). The company has manufactured 56 units of its EV model, the Endurance, and delivered 18 to customers.

Portfolio Pulse from AJ Fabino

May 23, 2023 | 3:30 pm

ALC

LFCR

Lifecore Biomedical (LFCR) has entered into agreements with Alcon (ALC) for the repayment of its existing credit agreement. Alcon has provided total commitments of $150 million, including a six-year senior secured term facility and a sale leaseback of certain HA fermentation equipment. The Amended and Restated Supply Agreement extends the term through December 31, 2033, and increases the amount of hyaluronic acid (HA) that Lifecore is expected to supply for use in Alcon's commercial products.

Portfolio Pulse from Shivani Kumaresan

May 23, 2023 | 3:26 pm

PACW

PacWest Bancorp's stock is surging due to the bank entering into a loan purchase and sale agreement with a subsidiary of Kennedy-Wilson Holdings. The deal involves selling a portfolio of 74 real estate construction loans with a principal balance of $2.6 billion and six additional loans with a balance of $363 million.

Portfolio Pulse from Adam Eckert

May 23, 2023 | 3:22 pm