Streetbeat News

Partnerships

SSNLF

TSM

TSMC and Samsung are exploring the construction of $100 billion chip megafactories in the UAE, driven by the AI boom and global expansion plans. These projects face technical and logistical challenges, including political concerns about AI chip shipments to China. The UAE aims to boost its domestic tech industry with these developments.

Portfolio Pulse from Benzinga Neuro

September 23, 2024 | 3:04 am

GOOG

GOOGL

MAR

NKE

Perplexity AI, backed by Jeff Bezos, is developing a new ad model to challenge Google's dominance in the digital ads industry. The startup is in talks with Nike and Marriott to launch a 'sponsored' question system by year-end, offering a cheaper alternative to Google's ad pricing.

Portfolio Pulse from Ananya Gairola

September 23, 2024 | 1:33 am

SSNLF

TSM

Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung are in discussions to build megafactories in the Middle East. This move could potentially expand their production capabilities and influence in the semiconductor industry.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2024 | 7:41 pm

TSLA

El Salvador's President Nayib Bukele visited Tesla's Giga Texas and met with CEO Elon Musk. They discussed topics like AI, robotics, and cryptocurrencies. Bukele is known for his pro-Bitcoin stance, while Musk has shown interest in cryptocurrencies like Dogecoin.

Portfolio Pulse from Anan Ashraf

September 21, 2024 | 3:38 am

CVX

DRLL

WDS

XLE

Chevron Corporation has decided not to invest in Woodside Energy's Driftwood LNG project, opting instead to sell its U.S. gas directly. This aligns with Chevron's strategy to focus on upstream and downstream investments rather than midstream infrastructure. The company has long-term LNG agreements with Cheniere Energy and is converting engines on LNG carriers to reduce emissions. Chevron's shares are slightly up, and investors can gain exposure through ETFs like DRLL and XLE.

Portfolio Pulse from Lekha Gupta

September 20, 2024 | 7:18 pm

DRI

Darden Restaurants, Inc. (NYSE:DRI) reported Q1 earnings and sales below expectations. Despite this, analysts are optimistic about Darden's partnership with Uber, which is expected to boost market share and EPS in FY25. Analysts have raised price targets, reflecting confidence in future growth.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2024 | 6:47 pm

FTI

TechnipFMC shares rise as the company secures two contracts from Petrobas for Brazil's pre-salt fields, valued between $325 million and $750 million.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 6:41 pm

BTC-USD

Anthony Scaramucci is working with cryptocurrency advocates to influence U.S. Vice President Kamala Harris's crypto policies, aiming to distance her from anti-crypto figures like Elizabeth Warren and Gary Gensler. Scaramucci's involvement will be highlighted at Benzinga's Future of Digital Assets event, where he will discuss the future of crypto regulation.

Portfolio Pulse from Murtuza Merchant

September 20, 2024 | 6:17 pm

ALB

DOW

HON

OXY

The U.S. Department of Energy (DOE) is investing over $3 billion in 25 projects across 14 states to enhance domestic battery production. This initiative is part of a broader strategy to support clean energy and create jobs, with significant funding allocated to companies like Albemarle, Dow, Honeywell, and Occidental Petroleum.

Portfolio Pulse from Lekha Gupta

September 20, 2024 | 5:24 pm

LCID

Lucid Motors is in discussions with multiple automakers to license its electric vehicle technology. This move could potentially expand Lucid's revenue streams and market influence.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 5:16 pm