Streetbeat News

Partnerships

MSFT

NVDA

OpenAI employees might be allowed to sell shares following a $6.6 billion funding round, as stated by the company's CFO. This development could impact companies like Microsoft (MSFT) and Nvidia (NVDA), which have investments or partnerships with OpenAI.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 5:30 pm

ENVX

Enovix Corporation (NASDAQ:ENVX) shares surged after announcing the shipment of EX-1M battery cell samples from its new Agility Line in Malaysia. This follows previous shipments from California and the opening of a high-volume facility in Malaysia. The company plans high-volume production in 2025 and has secured agreements with a Fortune 200 company and a global automotive OEM.

Portfolio Pulse from Lekha Gupta

October 02, 2024 | 5:15 pm

RR

Richtech Robotics highlights its partnership with Mercedes-Benz of Cutler Bay, utilizing its Titan delivery robot to enhance efficiency.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 5:08 pm

KULR

KULR Technology shares rose following a $2.35 million licensing deal with a Japanese corporation, including a $1.1 million guaranteed fee and potential for additional equipment sales and upgrades.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 5:03 pm

ITA

MISL

RTX

RTX Corporation's Raytheon has secured a DARPA contract to develop ultra-wide bandgap semiconductors using diamond and aluminum nitride technology. This contract is part of a two-phase project aimed at enhancing power delivery and thermal management in electronic applications. RTX's stock has gained over 74% in the past year, and investors can gain exposure through ETFs like iShares U.S. Aerospace & Defense ETF and First Trust Indxx Aerospace & Defense ETF.

Portfolio Pulse from Nabaparna Bhattacharya

October 02, 2024 | 5:00 pm

JOBY

TM

WBAT

Toyota is investing an additional $500 million in Joby Aviation to support the certification and production of electric air taxis. This investment will increase Toyota's total stake in Joby to $894 million. The funds will aid in the certification and commercial production of Joby's electric air taxi, with plans for a manufacturing alliance. Joby is progressing towards commercialization, having completed significant stages in the certification process.

Portfolio Pulse from Lekha Gupta

October 02, 2024 | 4:45 pm

ESPR

Esperion Therapeutics shares rose following positive data from a study conducted by its European partner, Daiichi Sankyo Europe. The study, part of the MILOS project, provided favorable 2-year follow-up results from the German cohort.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:39 pm

MSFT

NVDA

OpenAI has successfully raised $6.6 billion in a funding round, achieving a valuation of $157 billion. Notable participants in this funding round include Microsoft and Nvidia, along with Thrive Capital.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:38 pm

NVVE

Nuvve Holding is collaborating with leading EV innovators, utilities, and grid operators to demonstrate vehicle-to-grid integration. This initiative highlights the company's role in advancing EV technology and grid solutions.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:30 pm

NVDA

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares are rising due to a Barron's report that co-founder Peter Thiel has completed selling shares under a trading plan. Additionally, Palantir announced a strategic partnership with Edgescale AI to enhance AI in industrial environments.

Portfolio Pulse from Adam Eckert

October 02, 2024 | 4:09 pm