Streetbeat News

Partnerships

AAPL

NVDA

SMCI

Nvidia has partnered with Taiwanese supplier Nan Juen for the production of AI server rail kits, with shipments expected by late 2024. This collaboration is part of Nvidia's strategy to enhance its AI server capabilities, potentially driving significant data center revenue by 2025.

Portfolio Pulse from Anusuya Lahiri

August 22, 2024 | 3:38 pm

GEVO

SHEL

Gevo, Inc. has entered into a purchase agreement with Shell Global Solutions Deutschland GmbH for its low-carbon intensity fuel blendstock, aimed at motorsports. This collaboration is part of Gevo's strategy to provide sustainable fuels and chemicals. Gevo's recent financial performance showed a Q2 EPS loss of $0.09, in line with expectations, and sales of $5.260 million, surpassing the consensus. Gevo's stock rose by 1.14% following the announcement.

Portfolio Pulse from Lekha Gupta

August 22, 2024 | 2:17 pm

ITA

PPA

XAR

The potential return of Donald Trump to the White House has spurred increased investments in European defense-tech startups, driven by concerns over NATO and defense budgets. This has led to a rise in military spending and partnerships with venture capital firms. U.S. defense ETFs have seen slight increases in trading.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 1:55 pm

CROX

TGT

Crocs Inc (NASDAQ:CROX) shares are climbing following a deal with actress Sydney Sweeney as the global spokesperson for HEYDUDE, a brand owned by Crocs. The stock is also benefiting from an upgrade by Williams Trading and strong results from Target Corp (NYSE:TGT), which sells Crocs products.

Portfolio Pulse from Adam Eckert

August 22, 2024 | 1:31 pm

CNVS

Cineverse has partnered with Frequency to enhance its streaming channels across more than 25 platforms. This strategic partnership aims to improve content delivery and viewer engagement.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:31 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) has appointed former Republican Representative Mike Gallagher as its chief of defense. Gallagher, known for his strong stance against China, will report to CEO Alex Karp. This move is expected to enhance Palantir's growth in U.S. government contracts.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2024 | 1:27 pm

NKE

Nike and The LEGO Group have announced a partnership aimed at enhancing the intersection of sport and creative play. This collaboration is expected to bring innovative products that combine the strengths of both brands.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:11 pm

USDTUSD

Tether Holdings Ltd., a major stablecoin issuer, now holds $81 billion in U.S. Treasury bills, marking a significant presence in the Treasury market. This move is seen as a step towards better relations with the U.S. government and financial stability. Despite skepticism, Tether aims to become the largest holder of T-bills, supported by its partnership with Cantor Fitzgerald LP.

Portfolio Pulse from Murtuza Merchant

August 22, 2024 | 1:09 pm

USB

U.S. Bank, a part of U.S. Bancorp, has acquired Salucro Healthcare Solutions, a leader in healthcare financial technology. This acquisition enhances U.S. Bank's focus on the healthcare industry, building on their previous investment in Salucro and partnership through Elavon.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:07 pm

INFA

Informatica (NYSE:INFA) has been selected by SUBARU Corporation to implement its AI-powered Intelligent Data Management Cloud platform for a global data integration project.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:06 pm