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Partnerships

AMD

ARM

IRBO

SPDW

Arm Holdings Plc (NASDAQ:ARM) stock is trading higher on Monday following a broader sector selloff on Friday due to U.S. government sanctions on the Middle East regarding AI chips. CEO Rene Haas expects 100 billion Arm devices to be AI-ready by the end of 2025. Analysts remain bullish on Arm, citing licensing interest and royalty as key growth drivers. Arm plans to debut its AI chip in 2025. Advanced Micro Devices, Inc (NASDAQ:AMD) hinted at launching next-gen AI PCs, sparking rivalry with Arm. Investors can gain exposure to Arm via iShares Robotics And Artificial Intelligence Multisector ETF (NYSE:IRBO) and SPDR Portfolio Developed World Ex-US ETF (NYSE:SPDW).

Portfolio Pulse from Anusuya Lahiri

June 03, 2024 | 12:38 pm

DELL

HPQ

NVDA

Dell Technologies Inc (NYSE:DELL) reported strong first-quarter revenue growth but disappointed Wall Street with low margins on AI servers, causing shares to drop. Despite surpassing revenue estimates, earnings lagged, and concerns were raised about the profitability of Dell's AI initiatives. HP Inc (NYSE:HPQ) also reported its fiscal second-quarter results, showing a slight decline in sales but an increase in earnings. Nvidia Corporation (NASDAQ:NVDA) was mentioned as a key partner for Dell's AI servers, with supply issues impacting Dell's performance.

Portfolio Pulse from Upwallstreet

June 03, 2024 | 12:37 pm

AAPL

LOW

Lowe's has launched an Apple Vision Pro-powered in-store experience, starting with a pilot in three test markets this month. Customers can use Lowe's Style Studio and spatial computing to visualize and design their dream kitchens.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:28 pm

SCPX

Scorpius Holdings, Inc. (NYSE American: SCPX) has announced a strategic partnership with Beyond Imagination, Inc. to utilize autonomous AI-powered humanoid robots in American biomanufacturing. This collaboration aims to improve biomanufacturing reliability, scalability, and efficiency, and enhance US preparedness for pandemics and other crises.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:22 pm

GSK

GSK reported longer-term results from a Phase II study in collaboration with Memorial Sloan Kettering Cancer Center, evaluating Jemperli as a first-line treatment alternative to surgery for mismatch repair deficient locally advanced rectal cancer.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:21 pm

ECL

RGEN

Ecolab's Purolite resin business and Repligen Corporation have launched DurA Cycle, a new protein A chromatography resin for large-scale biologic manufacturing. This innovation, introduced at BIO 2024, aims to enhance the purification process for monoclonal antibodies, marking a significant milestone in their strategic partnership.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:20 pm

BIIB

DAL

Biogen Inc. (NASDAQ: BIIB) and Delta Flight Products, a subsidiary of Delta Air Lines, announced a collaboration to enhance air travel for passengers with reduced mobility. This initiative aims to improve the flying experience for approximately 5.5 million wheelchair users in the U.S.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:37 am

SKT

Tanger Factory Outlet Centers (SKT) plans to open five new Sephora stores in its shopping centers later this year. The new locations will be in Charleston, S.C.; Deer Park, N.Y.; National Harbor, Md.; Palm Beach, Fla.; and Phoenix/Glendale, Ariz.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:24 am

NVDA

ROK

Rockwell Automation has announced further collaborations with NVIDIA to enhance the development of safer and smarter industrial AI mobile robots. OTTO Motors, a division of Rockwell Automation, will create next-generation autonomous mobile robots using NVIDIA technologies.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:02 am

ACM

AECOM has secured a contract with FEMA to provide advisory and program management services to its four Consolidated Resource Centers. The contract includes a one-year base period with two one-year options.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 10:57 am