Streetbeat News

Partnerships

CRM

GOOGL

META

MSFT

NVDA

French AI startup Mistral AI, founded by ex-Google and Meta researchers, is nearing a deal to raise capital at a $6 billion valuation, aiming to challenge Silicon Valley's dominance in AI. The funding round includes backers like General Catalyst and Lightspeed Venture Partners. Mistral's growth, with a valuation jump to over $2 billion in a year, showcases investor interest despite the competitive landscape dominated by firms like OpenAI. Mistral, advocating for open-source AI tools, has raised over $500 million, with investments from Nvidia, Microsoft, and Salesforce.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 4:11 pm

NFLX

RBLX

Netflix has partnered with Roblox to launch 'Nextworld,' a digital theme park within the Roblox platform, featuring content from Netflix's IPs such as 'Stranger Things,' 'One Piece,' and 'Cobra Kai.' This interactive space allows users to engage with characters, play minigames, and collect items related to Netflix shows. The platform also introduces a unique space called 'Fan Pod' for personalization with items earned or purchased using Roblox's in-game currency, Robux. The initiative aims to offer an immersive experience connecting fans with their favorite series and movies in a novel way.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:04 pm

EIS

ISRA

SPY

USO

NSC Coordinator John Kirby stated the U.S. continues to support Israel, ensuring the country receives the vast majority of its needed weapons. This reaffirms the strong U.S.-Israel alliance and ongoing military support.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:03 pm

CRWD

GOOG

GOOGL

CrowdStrike Holdings Inc (NASDAQ:CRWD) and Alphabet Inc's Google Cloud (NASDAQ:GOOG) (NASDAQ:GOOGL) have expanded their strategic partnership, focusing on leveraging Google Cloud to power Mandiant's Incident Response and Managed Detection and Response services using the CrowdStrike Falcon platform. This collaboration aims to integrate AI-powered Google cloud services with CrowdStrike's protection platform to enhance cybersecurity measures and prevent breaches across various environments. CrowdStrike's stock responded positively to the announcement.

Portfolio Pulse from Adam Eckert

May 09, 2024 | 4:03 pm

EQIX

NOW

SRHR

SRVR

Equinix, Inc. (NASDAQ:EQIX) shares rose after reporting Q1 FY24 results with a 6% Y/Y revenue increase to $2.13 billion, slightly missing consensus. Adjusted EBITDA and FFO per share exceeded expectations. The company declared a quarterly dividend of $4.26, has 50 major projects underway, and sees AI as a growth catalyst. Equinix provided a lower FY24 revenue outlook than previously but remains optimistic. ServiceNow, Inc. (NYSE:NOW) expanded its strategic relationship with Equinix. Exposure to Equinix stock is also possible through Pacer Data & Infrastructure Real Estate ETF (NYSE:SRVR) and Elevation Series Trust SRH REIT Covered Call ETF (NYSE:SRHR). EQIX shares are up 11.6%.

Portfolio Pulse from Lekha Gupta

May 09, 2024 | 3:36 pm

TCEHY

TSLA

Toyota Motor Company (NYSE:TM) reported a record-breaking fourth quarter and fiscal year, with significant increases in sales and profits, despite being behind in the EV race. The company's strength in hybrids has been a key factor during the EV market slowdown. Toyota announced a partnership with Tencent Holdings Limited (OTC:TCEHY) to enhance vehicle appeal and invest in AI and EVs as growth areas. However, Toyota forecasts a 20% profit decline for the next fiscal year due to these investments. The company remains the world's largest automaker by sales for the fourth consecutive year.

Portfolio Pulse from Upwallstreet

May 09, 2024 | 3:32 pm

MULN

Mullen Automotive Inc (NASDAQ:MULN) announced it has been granted Foreign Trade Zone status for its Mississippi manufacturing center by the U.S. Department of Commerce, offering significant financial benefits including duty deferments and exemptions. This approval is expected to enhance Mullen's competitive position by improving cash flow and reducing operational costs. The announcement follows a series of positive developments for Mullen, including a partnership with National Auto Fleet Group and a service agreement through its subsidiary Bollinger Motors, contributing to a 19% stock rally on Wednesday.

Portfolio Pulse from Adam Eckert

May 09, 2024 | 3:07 pm

CRWD

GOOGL

CrowdStrike (NASDAQ:CRWD) has expanded its strategic partnership with Google Cloud to enhance Mandiant's Incident Response (IR) and Managed Detection and Response (MDR) services. This collaboration leverages the CrowdStrike Falcon platform and Google Cloud Security Operations platform, focusing on Endpoint Detection and Response (EDR), Identity Threat Detection and Response (ITDR), and Exposure Management solutions. The partnership aims to address the 75% increase in cloud intrusions over the past year by providing a holistic, AI-powered security solution that simplifies protection across multi-cloud and multi-vendor environments.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:01 pm

CBSTF

Cannabist Company Holdings Inc. (CBSTF) reported Q1 2024 results with revenue at $122.6M, a slight decrease from the previous year, and a net loss trimmed by 5% YoY to $34.6M. The company highlighted strategic partnerships and retail expansion as key operational highlights, despite facing cash flow challenges. Shares of CBSTF were trading 9.09% lower at $0.28 per share.

Portfolio Pulse from Patricio Liddle

May 09, 2024 | 2:54 pm

AGYS

MAR

Agilysys, Inc. (NASDAQ:AGYS) has announced that its InfoGenesis POS platform has been approved for use across Marriott International's (NASDAQ:MAR) properties in the U.S. and Canada. This approval covers Marriott's Luxury, Premium, and Select tiers, allowing these properties to utilize the cloud-native InfoGenesis platform for a unified guest and staff purchasing experience across various property centers. The platform offers flexibility in transaction choices and device options, aiming to enhance revenue, guest convenience, and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:45 pm