Streetbeat News

Partnerships

IPWR

Ideal Power Inc (NASDAQ:IPWR) has received an order for SymCool power modules from a Forbes Global 500 company, indicating a potential sales surge in the second half of 2024. The modules, which offer lower conduction losses and cost savings, are being evaluated for use in solid-state circuit breakers for industrial markets. Despite this positive development, IPWR shares dropped 11.20% to $6.95.

Portfolio Pulse from Anusuya Lahiri

April 30, 2024 | 1:10 pm

ROKU

Roku, Inc. (NASDAQ:ROKU) and iSpot.tv have announced an expanded measurement partnership aimed at enhancing ad measurement and optimization for advertisers on the Roku platform. This partnership, described as a first-of-its-kind, will leverage iSpot's Unified Measurement solution and Roku's Advertising Watermark to provide advertisers with accurate metrics on ad reach, frequency, and outcomes. iSpot will become a preferred third-party measurement partner for Roku, gaining access to Roku's exclusive audience information to improve cross-platform audience measurement. The collaboration is expected to benefit the entire streaming TV ad ecosystem by providing more reliable and actionable audience measurement data.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:09 pm

MCHX

Marchex (NASDAQ:MCHX) has launched its AI-powered Sentiment Suite across multiple APIs, following a successful early adopter program with Fortune 500 companies. The Sentiment Suite, a key part of Marchex's conversation intelligence platform, analyzes customer conversations to provide insights on emotions and sentiments, enabling businesses to tailor customer responses and improve operational outcomes. Feedback from early adopters, including a Fortune 500 company and a major healthcare industry association, highlights the suite's ability to drive customer satisfaction and operational excellence.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:08 pm

FFIV

Prompt Security has partnered with F5 (NASDAQ:FFIV) to launch a firewall for AI applications, addressing the security risks associated with Generative AI (GenAI). This solution, available on F5 Distributed Cloud Services, aims to protect organizations from new threats by inspecting prompts and responses, ensuring data privacy, moderating content, and providing governance. The partnership responds to the increasing use of GenAI in enterprises, which has seen a 30% breach rate in 2023 according to Gartner. F5's commitment to secure AI deployment complements Prompt Security's expertise in AI security, offering comprehensive protection for GenAI applications.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:08 pm

JNVR

Janover Inc (NASDAQ:JNVR) has officially launched Janover Insurance Group Inc, an insurtech subsidiary focusing on commercial property insurance. The company has obtained insurance licenses in Texas and Florida, with more applications pending in other states. Janover aims to leverage its expertise in real estate transactions for the insurance brokerage model, has recruited executives and a top-tier manager for the subsidiary, and is expanding insurance options through partnerships. The goal is to achieve national coverage and enhance client engagement with a comprehensive content strategy.

Portfolio Pulse from Mohit Manghnani

April 30, 2024 | 1:03 pm

BIDU

TSLA

Goldman Sachs analyst Mark Delaney commented that Tesla Inc's Full Self-Driving (FSD) technology is not yet fully autonomous, despite the company's recent regulatory approval in China and partnership with Baidu Inc. for FSD service in China. Delaney views the China news as positive but has already factored the anticipated FSD/software revenue growth into Goldman Sachs' valuation of Tesla. Tesla's stock saw a significant increase following the approval. However, Delaney cautions about the challenges Tesla faces in adapting its FSD technology for China, including local adjustments and regulatory navigation. Goldman Sachs maintains a $175 price target for Tesla, with optimistic and downside scenarios ranging from $220-$300 and $65-$85, respectively.

Portfolio Pulse from Piero Cingari

April 30, 2024 | 1:01 pm

JNVR

Janover has announced the launch of its new insurtech subsidiary, Janover Insurance Group, aiming to innovate in the insurance sector.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:00 pm

BILL

Airwallex has partnered with BILL to offer faster international payment solutions, aiming to provide BILL customers with more options and speed for global payments. This collaboration is expected to enhance BILL's payment services by leveraging Airwallex's technology.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:59 pm

CYCC

GMM

MMM

3M shares surged 8.3% after a Q1 earnings beat. Cyclacel Pharmaceuticals soared 103% following the withdrawal of its Form S-1 registration and announcing an $8 million private placement. Global Mofy Metaverse (GMM) jumped 62% as it collaborates with Heartdub to use NVIDIA Omniverse for developing the GAUSSPEED Generative Video AI Platform.

Portfolio Pulse from ryanfaloona@benzinga.com

April 30, 2024 | 12:45 pm

MAMO

Massimo Group (NASDAQ:MAMO) has announced a distribution partnership with Fleet Farm to sell its UTV, ATV, and youth series product lines in stores and online. This partnership aims to leverage Fleet Farm's strong Midwest presence and Massimo's diverse range of powersports vehicles to meet the growing demand for UTVs and ATVs in the U.S. The agreement includes six Massimo products, highlighting the company's commitment to expanding its distribution network and capitalizing on the increasing outdoor activity trend.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:44 pm