Streetbeat News

Partnerships

AMD

IFNNY

INTC

Malaysia aims to attract $107 billion in investments for its semiconductor sector, focusing on integrated circuit design, advanced packaging, and chip manufacturing equipment. Major firms like Intel and Infineon have already made significant investments in the country. The government will allocate $5.3 billion in fiscal support and offer incentives to attract global tech companies.

Portfolio Pulse from Shivani Kumaresan

May 28, 2024 | 6:11 pm

PEGY

Pineapple Energy Inc. (NASDAQ:PEGY) shares surged after its subsidiary SUNation signed a 1.95-megawatt project. The project will start in early July and features an expedited installation. The stock has seen heavy trading volume and a significant price increase.

Portfolio Pulse from Erica Kollmann

May 28, 2024 | 6:00 pm

YALA

Yalla Group Ltd. (NYSE:YALA) reported strong profit growth of 56% in its latest quarterly results, but revenue growth was slower at 7.1%. The company is focusing on expanding into midcore and hardcore gaming by seeking partnerships with established game publishers. Yalla recently joined the UK Interactive Entertainment Association to explore these opportunities. Despite a brief dip, Yalla's stock has shown an 11% increase over the last year.

Portfolio Pulse from The Bamboo Works

May 28, 2024 | 5:53 pm

FCEL

FuelCell Energy has signed a long-term service agreement with Gyeonggi Green Energy Co. The agreement includes the purchase of 42 upgraded carbonate fuel cell modules to replace existing modules at the Hwaseong Baran Industrial Complex. FuelCell Energy expects to receive approximately $160 million in revenue over the term of the agreement.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 4:50 pm

GOOG

GOOGL

John Abbot has been appointed as the first Chief Financial Officer of Google Fiber, a subsidiary of Alphabet Inc. This strategic hire is expected to enhance the financial management and growth prospects of Google Fiber.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 4:39 pm

GETY

Getty Images Holdings, Inc. (NYSE: GETY) shares are up 4.11% to $3.55 following a partnership with FILMPAC to distribute premium stock footage. The collaboration aims to meet the high-quality content demands of Getty's clients. Despite a 5.2% year-over-year decrease in Creative revenue in Q1, the company continues to expand its offerings, including the recent acquisition of Motorsport Images.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 4:38 pm

STSS

Sharps Technology Inc. (NASDAQ: STSS) shares are surging due to new agreements with Nephron SC and Nephron Sterile Compounding Centers. The five-year Purchase Agreement includes a commitment to buy $188.5 million worth of syringes from Sharps Technology. This news has led to a 157% increase in STSS stock price.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 3:40 pm

AMD

INTC

NVDA

ORCL

SMCI

TSM

Nvidia shares surged after reports that Elon Musk's xAI plans to build a supercomputer using Nvidia chips. The supercomputer, expected to be operational by fall 2025, will be at least four times the size of the largest existing GPU clusters. Other chip stocks, including AMD, Micron, Intel, TSM, and Super Micro Computer, also saw movement. Nvidia's recent earnings beat estimates, and the company announced a 10-for-1 stock split and a 150% dividend increase.

Portfolio Pulse from Adam Eckert

May 28, 2024 | 3:07 pm

SWIN

Solowin Holdings shares are trading lower following the announcement of a strategic partnership with MaiCapital and the acquisition of a 2.47% equity stake in BA Fintech Lab.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 3:02 pm

IHRT

EasyKnock has entered a marketing partnership with iHeartMedia, which will include nationwide on-air and digital advertising campaigns across broadcast radio and digital platforms. Additional terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:41 pm