Streetbeat News

Partnerships

NIO

NIO Inc (NYSE:NIO) has partnered with Melexis to integrate advanced current sensor chips into its electric vehicles, enhancing efficiency and reliability. Despite this positive development, NIO's shares are down 7.12% following a reported decline in revenue and vehicle deliveries for Q1 2024.

Portfolio Pulse from Shivani Kumaresan

June 06, 2024 | 5:11 pm

VVH

ViVisionary Holdings shares are trading higher following the announcement of a tokenization partnership with ABB-FG.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:42 pm

AVGO

GOOG

HACK

META

TRFK

TSM

Broadcom Inc (NASDAQ:AVGO) has seen significant growth, becoming the second-largest AI chip supplier after Nvidia, thanks to partnerships with Google and Meta. JPMorgan analyst Harlan Sur reiterated an Overweight rating on Broadcom with a price target of $1,700. Broadcom expects substantial AI-related revenues in 2024 and 2025, driven by deals with Google and Meta. However, potential price increases from Taiwan Semiconductor Manufacturing Co (NYSE:TSM) could impact margins. Investors can gain exposure to Broadcom through ETFs like Amplify Cybersecurity ETF (NYSE:HACK) and Pacer Data And Digital Revolution ETF (NYSE:TRFK).

Portfolio Pulse from Anusuya Lahiri

June 06, 2024 | 4:32 pm

WBD

Warner Bros. Discovery (WBD) is negotiating for a fourth NBA media-rights package, which could include regular-season and playoff games. This move aims to maintain TNT's long-standing relationship with the NBA and ensure the survival of its popular 'Inside the NBA' show. WBD is also dealing with significant debt and aims to avoid overpaying for the rights.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:31 pm

CAFG

CALF

GIII

G-III Apparel Group (NASDAQ:GIII) shares are plunging after reporting mixed Q1 FY25 results. Sales missed estimates, but gross profit increased. The company raised its FY25 EPS outlook and announced a strategic partnership with All We Wear Group. GIII shares are down 12.81%.

Portfolio Pulse from Lekha Gupta

June 06, 2024 | 3:52 pm

HPQ

Humane, the startup behind the AI Pin, is in discussions with HP and telecom companies to sell its product. This could potentially lead to significant partnerships and distribution channels for Humane's AI Pin.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 3:23 pm

DASH

SBUX

UBER

Starbucks Corporation (NASDAQ:SBUX) has announced a new partnership with Grubhub to offer delivery services to its customers in the U.S. This partnership promises zero delivery charges, reduced service fees, and exclusive offers through Grubhub's monthly membership program. Starbucks already has delivery partnerships with Uber Eats, Postmates, and DoorDash. The new service will begin in select markets in June and is expected to be available nationwide by August 2024. Despite the positive news, Starbucks is facing staffing issues, which may impact service quality.

Portfolio Pulse from Nabaparna Bhattacharya

June 06, 2024 | 3:23 pm

ABUS

Barinthus Biotherapeutics presented updated data from two clinical trials in chronic Hepatitis B at the EASL Congress 2024. The HBV003 trial showed promising results with 67% of participants having HBsAg <10 IU/mL and 19% with undetectable HBsAg. In the IM-PROVE II trial, conducted in partnership with Arbutus Biopharma, VTP-300 treatment showed a statistically significant difference in HBsAg levels compared to placebo, with 84% of participants discontinuing standard NUC therapy.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 3:16 pm

AMD

IVV

NVDA

TSM

VOO

Advanced Micro Devices, Inc (NASDAQ:AMD) has seen a significant stock gain of over 42% in the last six months. Analysts highlight AMD's growing market share in the server CPU market and its promising product pipeline. However, there are concerns about AMD's collaboration with Samsung on 3-nanometer chip technology, with suggestions to focus on TSMC's 2-nm products instead. AMD's market cap is significantly lower than Nvidia's, but investors can gain exposure to AMD through ETFs like iShares Core S&P 500 ETF (NYSE:IVV) and Vanguard S&P 500 ETF (NYSE:VOO).

Portfolio Pulse from Anusuya Lahiri

June 06, 2024 | 2:58 pm

CXM

RDDT

Reddit Inc (NYSE:RDDT) has announced an expanded partnership with Sprinklr Inc (NYSE:CXM) to enhance their Data API and Advertising API. This partnership will allow Sprinklr customers to access Reddit's full advertising suite and integrate it into their enterprise strategies, providing enhanced feedback, sentiment, trends, and competitive insights.

Portfolio Pulse from Adam Eckert

June 06, 2024 | 2:58 pm