Streetbeat News

Partnerships

MSFT

Microsoft's AI researcher Sebastien Bubeck is set to join OpenAI, as reported by The Information. This move could impact Microsoft's AI initiatives and its collaboration with OpenAI.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 7:13 pm

GOOGL

Alphabet's Google has signed a deal with Kairos Power to purchase 500 megawatts of power from small modular reactors (SMRs) to meet its growing electricity demand, particularly from AI. The agreement aims to bring the first SMR online by 2030, with more deployments through 2035. This move is part of a broader trend of tech companies investing in nuclear power to address increasing energy needs.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 7:06 pm

CNC

Centene Corporation's subsidiary, Meridian Health Plan of Michigan, has been awarded a contract by the Michigan Department of Health and Human Services to provide integrated Medicare and Medicaid services for dual-eligible members. The new plan will launch on January 1, 2026.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 6:59 pm

TCNNF

Trulieve Cannabis Corp. will hold a conference call on Nov. 5, 2024, to discuss its Q3 financial results. The company recently reported increased revenues and entered a partnership with Black Buddha Cannabis. Trulieve is also actively supporting cannabis legalization in Florida with significant donations.

Portfolio Pulse from Jelena Martinovic

October 14, 2024 | 5:51 pm

AFRM

IPAY

TIME

Affirm Holdings, Inc. (AFRM) shares rose after Wedbush upgraded its rating and increased the price target, citing benefits from lower interest rates and a partnership with Apple Pay. The analyst expects improved margins and GMV growth, though competition and recession risks remain.

Portfolio Pulse from Lekha Gupta

October 14, 2024 | 5:50 pm

BLCO

DJT

NVDA

SIRI

U.S. stocks rose on Monday, with notable gains for NVIDIA, Trump Media & Technology, Bausch + Lomb, and Sirius XM. NVIDIA's shares increased by 2.9% following a recommendation from a Chinese think tank to continue using its chips. Trump Media surged 16.2% after launching a new streaming service. Bausch + Lomb rose 8.8% after FDA approval of a product and potential acquisition interest. Sirius XM gained 8.1% as Berkshire Hathaway increased its stake.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 5:47 pm

PBR

VALE

Petrobras plans to start operations of the FPSO Almirante Tamandare in the Buzios field by early 2025 and is working on a decarbonization partnership with Vale, which may include supplying renewable marine fuel and diesel. Petrobras will also launch a bid for two FPSO vessels for the Sergipe project soon.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 4:31 pm

ROKU

Roku Inc. (NASDAQ:ROKU) is experiencing a bullish trend with a Golden Cross formation, indicating strong upward momentum. The company is strategically expanding its advertising partnerships, notably with Instacart, to enhance ad effectiveness. Analysts have raised price targets, reflecting optimism about Roku's growth potential in the connected TV advertising space.

Portfolio Pulse from Surbhi Jain

October 14, 2024 | 4:20 pm

MULN

Mullen Automotive shares rose as the company announced the creation of Mullen Credit Corporation to support its dealership network with financing options. This move aims to boost sales and market share, with projected significant sales growth by 2025.

Portfolio Pulse from Lekha Gupta

October 14, 2024 | 4:03 pm

CRWD

LNVGY

S

Piper Sandler upgraded SentinelOne (NYSE:S) from Neutral to Overweight, raising the price target from $25 to $32, citing three catalysts: expanded partnership with Lenovo, potential gains from CrowdStrike's issues, and growth in Purple AI. SentinelOne shares rose 2.84% to $26.44.

Portfolio Pulse from Priya Nigam

October 14, 2024 | 3:47 pm