Streetbeat News

Partnerships

AAPL

JD

REAL

RENT

RERE

ATRenew Inc. (NYSE:RERE) reported strong Q1 revenue growth and predicted similar gains for Q2, driven by China's national recycling campaign and strong ties with JD.com (NASDAQ:JD). Despite a 4.2% drop in stock price on the announcement day, ATRenew's stock has more than doubled since early February. The company benefits from JD.com's recycling initiatives and partnerships with Apple (NASDAQ:AAPL).

Portfolio Pulse from The Bamboo Works

May 29, 2024 | 1:42 pm

GPC

Genuine Parts Company (GPC) has partnered with Altor Locks to distribute the ICON Trailer Lock. This partnership aims to enhance the distribution network and availability of the ICON Trailer Lock.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:40 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has announced the schedule for its 2024 Worldwide Developers Conference (WWDC), where it is expected to unveil its AI strategy and updates to its operating systems. The keynote will take place on June 10, and the event will run until June 14. Analysts predict significant growth for Apple driven by AI advancements, with potential partnerships, such as with Microsoft-backed OpenAI, being highlighted.

Portfolio Pulse from Rounak Jain

May 29, 2024 | 1:39 pm

APPS

Digital Turbine Inc (NASDAQ:APPS) shares fell 12.5% after the company reported Q4 FY2024 revenue of $112.22 million, missing estimates of $117.69 million. Despite beating earnings estimates with 12 cents per share, the company's adjusted EBITDA dropped significantly. New partnerships are expected to add over 70 million new devices globally. Fiscal-year 2025 revenue is projected between $540 million and $560 million, slightly below estimates. Roth MKM analyst Darren Aftahi maintained a Neutral rating and lowered the price target from $3 to $2.50.

Portfolio Pulse from Adam Eckert

May 29, 2024 | 1:31 pm

MULN

Mullen Automotive, Inc. (NASDAQ: MULN) has announced a new purchase order for 40 Mullen-GO urban delivery vehicles from Switzerland-based Antidoto SA, valued at approximately $440,000 USD. Additional orders are expected to follow.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:30 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) shares are trading lower due to the New York Stock Exchange's (NYSE) collaboration with CoinDesk Indices to launch cash-settled index options tracking the CoinDesk Bitcoin Price Index (XBX). This development may impact Coinbase's market position as a leading cryptocurrency exchange.

Portfolio Pulse from Adam Eckert

May 29, 2024 | 1:30 pm

YYGH

YY Group Holding Limited (NASDAQ:YYGH) has announced its expansion into the UAE hotel and hospitality industry, appointing Mr. Ramy Attia as the Country Director.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:24 pm

ANSS

MSFT

Ansys has launched Ansys Access on Microsoft Azure, allowing customers to deploy Ansys products optimized for high-performance computing via the Azure Marketplace. This collaboration aims to provide a cost-effective, secure, and flexible solution for rapid simulation-driven insights across various industries.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:17 pm

ANET

NVDA

Arista Networks (NYSE:ANET) and NVIDIA are collaborating to deliver holistic AI solutions by demonstrating AI Data Centers that align compute and network domains. This collaboration aims to build optimal generative AI networks with lower job completion times, enabling customers to manage AI clusters uniformly across networks, NICs, and servers.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:17 pm

FROG

JFrog has announced a partnership with GitHub to integrate their platforms, aiming to provide a comprehensive EveryOps management solution for developers.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:16 pm