Streetbeat News

Partnerships

HNHPF

NVDA

Foxconn is on track to ship the latest Nvidia AI servers next quarter, according to a report by Nikkei. This development is significant for both companies as it highlights their collaboration in the AI server market.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:56 am

TSLA

Tesla CEO Elon Musk suggested inviting Donald Trump to visit Tesla's gigafactory in Texas, highlighting Trump's support for American manufacturing. Despite Trump's opposition to total electrification and EV subsidies, Musk believes the elimination of subsidies would slightly impact Tesla but devastate competitors. Trump has shown some support for EVs following Musk's endorsement.

Portfolio Pulse from Anan Ashraf

August 14, 2024 | 7:57 am

WKEY

WISeKey has announced a partnership with Venafi to enhance its cybersecurity capabilities, focusing on post-quantum encryption services.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 6:34 am

NVDA

SERV

Serve Robotics Inc (NASDAQ:SERV) shares surged in after-hours trading following the release of its Q2 financial results. The company reported higher-than-expected revenue of $468,375 but a larger-than-expected EPS loss of 27 cents. Serve Robotics also saw significant year-over-year growth in daily supply hours and active robots. The company commenced manufacturing on a 2,000-robot fleet and expanded agreements with Magna and Ouster. Serve ended the quarter with $28.8 million in cash and plans to deploy 250 additional robots in Los Angeles by Q1 2025. NVIDIA Corp (NASDAQ:NVDA) holds a 10% stake in Serve Robotics.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 9:15 pm

CART

IBTA

Instacart (NASDAQ:CART) and Ibotta (NYSE:IBTA) have announced a strategic partnership to provide Instacart customers with access to Ibotta's digital coupons. This collaboration aims to help consumers save money on their everyday purchases by delivering timely and relevant coupons.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:01 pm

DASH

WBD

DoorDash Inc. (NASDAQ:DASH) shares rose by 3.19% to $128.00, driven by favorable economic data and a new partnership with Warner Bros Inc. (NASDAQ:WBD). The Producer Price Index (PPI) for July 2024 came in lower than expected, suggesting easing inflationary pressures and potential rate cuts by the Federal Reserve. Additionally, DoorDash's DashPass members will now receive access to Max With Ads, enhancing the value of their subscription.

Portfolio Pulse from Vaishali Prayag

August 13, 2024 | 7:32 pm

GCTS

GCT Semiconductor Holding, Inc. (NYSE:GCTS) shares are trading lower after the company signed a Memorandum of Understanding with Samsung to accelerate the development of 4G and 5G chipsets and modules. The collaboration aims to promote the Samsung and GCT solution and strengthen the ecosystem of OEM and ODM device makers to support wireless operators worldwide, including Saudi Arabian oil group Aramco.

Portfolio Pulse from Dylan Berman

August 13, 2024 | 7:22 pm

AFRM

Affirm Holdings, Inc. (NASDAQ: AFRM) shares are trading higher due to overall market strength and softer-than-expected PPI figures. Affirm announced an expanded partnership with Tekmetric to offer 'buy now, pay later' options for auto repair services. The company is set to report its fourth-quarter results on Aug. 28, with analysts expecting losses of 51 cents per share and revenue of $603.661 million. Affirm has beaten consensus estimates for the last five quarters.

Portfolio Pulse from Erica Kollmann

August 13, 2024 | 7:22 pm

AILE

CXAI

GNPX

PSFE

SBUX

SYRS

TELA

U.S. stocks traded higher with the Dow Jones up over 300 points. Information technology shares climbed 2.7%, while energy shares fell 1%. Paysafe Ltd (NYSE:PSFE) shares surged 9% after strong Q2 results and revised revenue guidance. Starbucks (NASDAQ:SBUX) shares rose 21% after announcing Brian Niccol as the new CEO. CXApp Inc. (NASDAQ:CXAI) surged 133% on a deal with Google Cloud. iLearningEngines, Inc. (NASDAQ:AILE) gained 25% on better-than-expected Q2 sales. Syros Pharmaceuticals, Inc. (NASDAQ:SYRS) dropped 61% after discontinuing a clinical trial. Genprex, Inc. (NASDAQ:GNPX) fell 33% despite a new patent. TELA Bio, Inc. (NASDAQ:TELA) fell 24% on poor Q2 results.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 6:30 pm

BRAXF

BWVI

Zappy Zapolin, a prominent figure in the psychedelics space, discusses his transformative experiences with psychedelics and their therapeutic potential. He has advised companies like KetaMD, acquired by Braxia Scientific (OTC:BRAXF), and co-founded Psycheceutical Bioscience (OTC:BWVI). Zapolin advocates for the legal accessibility of psychedelic medicines to treat conditions like PTSD and addiction.

Portfolio Pulse from Nina Zdinjak

August 13, 2024 | 6:04 pm