Streetbeat News

Partnerships

MSFT

ORCL

Oracle, Microsoft, and OpenAI have announced a partnership to extend the Azure AI platform to Oracle Cloud Infrastructure, providing additional capacity for OpenAI.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:03 pm

MSFT

Mediatek is designing an Arm-based Windows PC chip for Microsoft's AI efforts. The chip, based on Arm pre-built designs, is expected to be ready for shipment next year.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:53 pm

PARA

Paramount Global shares are trading lower following a report suggesting National Amusements has ended discussions with Skydance.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:47 pm

PARA

PARAA

Shari Redstone's National Amusements Inc. (NAI) has ended talks with Skydance Media, according to sources. This development could impact Paramount Global (PARA, PARAA), which is controlled by NAI.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:34 pm

NFLX

Saudi Arabia's Public Investment Fund (PIF) is in talks to launch a new boxing league valued at $4-$5 billion, collaborating with promoters like Matchroom Boxing and Golden Boy Promotions. This move is part of PIF's broader strategy to diversify investments under the Vision 2030 program. The league's structure is still undecided. Notably, the upcoming Jake Paul vs. Mike Tyson fight will be streamed live on Netflix, marking a first for the platform.

Portfolio Pulse from Aaron Bry

June 11, 2024 | 7:15 pm

AAPL

ASTS

GSAT

IWM

IWO

AST SpaceMobile (NASDAQ:ASTS) stock is soaring due to a filing for the resale of up to 10.45 million shares and positive sentiment from Apple's (NASDAQ:AAPL) iOS 18 launch with satellite messaging. Verizon (NYSE:VZ) and AT&T (NYSE:T) are collaborating with AST SpaceMobile for a 2024 broadband network. Globalstar (NYSE:GSAT) also saw gains, benefiting from its 2022 partnership with Apple. Investors can gain exposure to AST SpaceMobile via iShares Russell 2000 ETF (NYSE:IWM) and iShares Russell 2000 Growth ETF (NYSE:IWO).

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 6:15 pm

AISP

Airship AI Holdings, Inc. (NASDAQ:AISP) shares surged after announcing a significant contract with a DOJ agency for its Acropolis Enterprise Sensor Management platform. The contract includes a six-figure base year and four option years, marking a substantial expansion of their existing deployment. The customer will also migrate to a FedRAMP certified cloud environment. Trading volume spiked, with over 41 million shares traded compared to the 100-day average of 1.307 million shares.

Portfolio Pulse from Erica Kollmann

June 11, 2024 | 6:05 pm

AISP

Airship AI shares are trading higher following the announcement of a contract award with the Department of Justice (DOJ) for its Acropolis Enterprise Sensor Management video and data management platform.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:04 pm

AES

CLIA

RNWZ

AES Corporation's Kuihelani Solar-plus-Storage facility, the largest solar project in Hawaii, has begun operations. The project generates 60 MW of renewable energy and has a 25-year power purchase agreement with Hawaiian Electric Industries. This initiative will reduce Maui's reliance on fossil fuels and support local agriculture. AES recently sold a 47.3% stake in AES Brasil for $640 million. AES shares are down 2.36% at $19.90.

Portfolio Pulse from Lekha Gupta

June 11, 2024 | 5:48 pm

AAPL

GOOG

GOOGL

BofA Securities analyst Justin Post reiterated a Buy rating for Alphabet Inc (GOOG, GOOGL) with a $200 price target. Despite Apple's new AI features and partnership with OpenAI, Post sees potential for Google's AI models to be integrated into iOS. Alphabet's stock saw a slight increase, and Post remains optimistic about Google's AI and expense management strategies.

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 5:39 pm