Streetbeat News

Partnerships

AMZN

GOOG

GOOGL

WMT

Amazon and Walmart are competing to dominate the drone delivery market, which is projected to be a $10 billion industry by the end of the decade. Amazon has made significant progress with its Prime Air program, while Walmart has partnered with Alphabet's Wing and Zipline for its drone delivery services.

Portfolio Pulse from Hayden Buckfire

June 05, 2024 | 7:40 pm

NVOS

Novo Integrated Sciences' subsidiary, Acenzia, has been selected to participate in a $5.4 million project by Protein Industries Canada to develop plant-based protein products. Acenzia will invest $600,000, Protein Industries Canada $2.3 million, and two other partners $2.5 million.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 7:02 pm

EVGO

NSANY

Benchmark analyst Michael Legg initiated coverage on EVgo Inc (NASDAQ:EVGO) with a Buy rating and a price target of $3, citing its strategic focus on high-traffic locations and strong market position. The analyst expects financial progress through 2024 and a breakout year in 2025 with positive EBITDA. EVgo's partnerships with major OEMs like GM, Nissan, and Toyota further bolster its market position.

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 6:56 pm

FXI

USO

VGK

Russian President Vladimir Putin highlighted the strong prospects for high-tech cooperation between Russia and China, praised China's economic model, and criticized the USA for attempting to hinder China's economic development. Additionally, Putin noted the positive development of Russia-Iran relations and expressed a desire for increased high-tech collaboration with Iran.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:34 pm

SLF

Sun Life U.S. has expanded its partnership with Goodpath to offer virtual whole-person care, including unlimited therapy sessions, to employer clients. This initiative aims to support employees' mental and physical health, potentially reducing absences and extended leave.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:21 pm

AMD

ARM

INTC

NVDA

SPRX

TRFK

TSM

AMD stock saw a rebound on Wednesday following a sector selloff, driven by reports of TSMC's price hikes and AMD's expanding partnership with Samsung for 3-nanometer chip technology. Analysts highlighted AMD's strong pipeline and increasing market share in the server CPU and AI markets. AMD's stock has gained 36% over the past year, and investors can gain exposure through ETFs like SPRX and TRFK.

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 6:17 pm

INTC

NVDA

QCOM

TSLA

TSM

Qualcomm shares are rising, potentially in sympathy with Nvidia's strength amid continued AI momentum. Nvidia announced increased investments in Taiwan, a new supercomputer, and potential partnerships with Intel and Samsung for chip supply. Tesla plans significant hardware purchases from Nvidia.

Portfolio Pulse from Vaishali Prayag

June 05, 2024 | 6:15 pm

AMZN

Zoox, a subsidiary of Amazon, is set to begin testing its self-driving cars in Austin and Miami. This marks a significant step in Zoox's development of autonomous vehicle technology. The tests will help Zoox gather data and refine its technology for future deployment.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:02 pm

ASTS

UFO

XTL

AST SpaceMobile (NASDAQ:ASTS) experienced stock volatility on Wednesday without specific reasons. The company appointed telecom veteran Johan Wibergh to its board and formed a new Network Planning and Spectrum Committee. Recent collaborations include deals with Verizon and AT&T for direct-to-cellular services, challenging SpaceX and T-Mobile's similar agreement. AST SpaceMobile stock has gained 61% in the last 12 months. Investors can also gain exposure through Procure Space ETF (NASDAQ:UFO) and SPDR S&P Telecom ETF (NYSE:XTL).

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 5:52 pm

TELL

Saudi Aramco is in discussions with Tellurian Inc. and NextDecade Corporation regarding LNG projects. Aramco aims to acquire a stake in Tellurian's Driftwood LNG plant and negotiate a long-term gas purchase agreement with NextDecade for its Rio Grande facility. These moves are part of Aramco's strategy to strengthen its position in the growing LNG market.

Portfolio Pulse from Lekha Gupta

June 05, 2024 | 5:48 pm