Streetbeat News

Partnerships

QS

QuantumScape Corporation (NYSE:QS) shares are down 8.71% after reporting a larger-than-expected loss of 25 cents per share for the second quarter of fiscal year 2024. The company also reported $18.9 million in capital expenditures and ended the quarter with $938 million in liquidity. Despite the earnings miss, QuantumScape maintains its full-year guidance and finalized a significant deal with Volkswagen Group to advance solid-state battery technology.

Portfolio Pulse from Dylan Berman

July 25, 2024 | 6:56 pm

COSM

Cosmos Health's subsidiary Decahedron has successfully submitted a tender to supply NHS Scotland with C-Scrub Wash Chlorhexidine 4%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 6:48 pm

IGV

ORCL

TRFK

Oracle Corporation (NYSE:ORCL) shares are trading higher after the company inked deals with Rai Way and Salam to implement AI systems and support digital transformation, respectively. Oracle also unveiled Exadata Exascale, enhancing performance for Oracle Database workloads. ORCL stock has gained around 19% in the last 12 months.

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 6:34 pm

NOW

NVDA

ServiceNow Inc (NYSE:NOW) shares surged after the company beat Q2 earnings estimates. CEO Bill McDermott highlighted the company's strong performance and its exclusive enterprise AI platform, powered by NVIDIA Corp (NASDAQ:NVDA). ServiceNow's revenue grew 22%, and remaining performance obligations increased by 31%. The company's Now Assist business doubled quarter-over-quarter, driven by Gen AI. The partnership with NVIDIA has been crucial in building ServiceNow's AI stack, enhancing productivity and customer satisfaction.

Portfolio Pulse from Adam Eckert

July 25, 2024 | 6:20 pm

BLNK

UPGR

WBAT

Blink Charging Co. (NASDAQ:BLNK) shares are trading higher after being selected as an official supplier in NASPO ValuePoint’s new EV Charging Station Portfolio. This contract allows Blink to provide EV charging solutions to public entities across the U.S. until May 31, 2027, with an option for renewal until 2029. The stock has lost 44% in the past year but is up 4.22% today. Investors can also gain exposure through WisdomTree Trust WisdomTree Battery Value Chain And Innovation Fund (BATS:WBAT) and Xtrackers US Green Infrastructure Select Equity ETF (NASDAQ:UPGR).

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2024 | 6:18 pm

BRPHF

Galaxy Digital has raised $113 million for its Galaxy Ventures Fund I LP, focusing on early-stage crypto startups. This marks a strategic shift for the company, which traditionally invested its own capital. The fund aims to build a diverse portfolio and has already invested in projects like Ethena, Monad, and Plume. Galaxy's move to open its venture arm to outside investors reflects a growing trend in the crypto industry.

Portfolio Pulse from Murtuza Merchant

July 25, 2024 | 6:13 pm

MSFT

OpenAI is launching a Search GPT prototype to a small group of users and publishers for feedback. Although the prototype is temporary, the best features will be integrated into ChatGPT in the future.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 6:12 pm

AMZN

CSD

GEHC

LGHT

GE HealthCare Technologies Inc. (NASDAQ:GEHC) and Amazon.com, Inc.’s (NASDAQ:AMZN) Amazon Web Services (AWS) have announced a strategic partnership to develop AI applications aimed at enhancing medical diagnostics and patient care. GE HealthCare will leverage AWS' cloud and AI services to create new foundation models and update its applications using Amazon SageMaker. This collaboration aims to develop multi-modal foundation models for analyzing diverse unstructured medical data. GE HealthCare also recently agreed to acquire Intelligent Ultrasound Group PLC’s clinical AI software business for $51 million. GEHC shares are up 1.04% at $80.51.

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 6:09 pm

BYDDY

BYD Company (OTC:BYDDY) has secured its first order for electric buses in South Africa, partnering with Golden Arrow to supply 120 electric buses. This move aims to electrify South Africa's public transportation network. BYD plans to start delivering the buses in December 2023 and complete the order by the end of 2025. The company has seen a significant increase in NEV sales, although its shares are currently trading lower by 2.60%.

Portfolio Pulse from Shivani Kumaresan

July 25, 2024 | 5:45 pm

LUV

Southwest Airlines CEO stated that Elliott Management has not shown willingness to engage in meaningful conversations. This could indicate potential tensions or disagreements between the airline and the activist investor.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:40 pm