Streetbeat News

Partnerships

AAPL

GOOGL

META

MSFT

Ark Invest's Frank Downing highlights OpenAI's leadership in AI, noting its rapid growth and innovation. Despite competition from companies like Meta and Google, OpenAI's valuation and revenue growth are impressive. The company recently secured $6.6 billion in funding, valuing it at $157 billion.

Portfolio Pulse from Ananya Gairola

October 16, 2024 | 6:33 am

RTX

RTX's Raytheon SM-3 Block IIA missile enters full-rate production, securing a $1.9 billion deal with the U.S. Missile Defense Agency and Japan Ministry of Defense.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 6:30 am

LNVGY

Lenovo has been named the official technology partner for the FIFA World Cup 2026 and FIFA Women's World Cup 2027. The partnership was announced at Lenovo's Tech World event and includes providing AI innovations, devices, and data center infrastructure to enhance fan experiences and broadcasts.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 6:22 am

BURU

CRKN

Liqueous LP has partnered with Crown Electrokinetics on a $100 million equity line and has updated its financing with Nuburu.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 6:02 am

SWX

Southwest Gas Holdings, Inc. (NYSE:SWX) and Carl Icahn have amended their cooperation agreement, allowing Icahn's designees to participate in board committees. The agreement includes standstill restrictions and plans to nominate Icahn's designees for the 2025 annual meeting. SWX shares are trading above their 50-day moving average and nearing a 52-week high.

Portfolio Pulse from Erica Kollmann

October 15, 2024 | 10:07 pm

BYON

TCS

Container Store Group and Beyond have entered a strategic partnership, with Beyond investing $40 million in Container Store through a preferred equity transaction.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:25 pm

ASNS

Actelis Networks has received a follow-on order from an agency under the US Department of Transportation. The size of the order has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:07 pm

DRS

Leonardo DRS, Inc. has been awarded a contract worth over $77 million by General Dynamics Land Systems to provide mission equipment packages for the SGT Stout Maneuver Short-Range Air Defense platforms. This contract involves assembly, integration, and testing of the equipment.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:04 pm

AMD

INTC

NVDA

Intel and AMD have formed an x86 ecosystem advisory group to enhance the x86 architecture's capabilities, addressing modern computing demands. This collaboration includes industry leaders like Broadcom, Google Cloud, Dell, and Microsoft. Despite this, AMD faces competition from Nvidia and Intel in the AI and data center markets.

Portfolio Pulse from Michael Cohen

October 15, 2024 | 7:59 pm

GOOG

OKLO

Oklo Inc's CEO Jacob DeWitte highlights the growing demand for nuclear power driven by AI expansion, citing Google's recent nuclear deal as just the beginning. Oklo plans to bring its first reactor online by 2027 and has secured a 500MW agreement with Equinox. The company is backed by OpenAI's Sam Altman and went public through a SPAC merger.

Portfolio Pulse from Adam Eckert

October 15, 2024 | 7:51 pm