Streetbeat News

Products Services

NVDA

TCEHY

Liang Chen, general manager of Tencent Cloud’s internet industry department, expressed skepticism about the widespread use of AI in gaming, citing high costs and early-stage development. Despite challenges, Tencent is using AI for 3D rendering and has developed the GiiNEX Game AI Engine. Chen declined to comment on NVIDIA due to U.S. export restrictions.

Portfolio Pulse from Benzinga Neuro

July 30, 2024 | 4:17 am

ACB

CGC

CWBHF

HEMP

TLRY

The U.S. Environmental Protection Agency (EPA) has awarded a $6.2 million grant to the Hemp Building Institute (HBI) to promote the use of biogenic materials like hemp in construction. This initiative is part of a broader $160 million effort under President Biden's Inflation Reduction Act to reduce greenhouse gas emissions. The project aims to develop digital carbon accounting standards and Environmental Product Declarations (EPDs) for materials like hemp, soy, and straw bale. Companies like Charlottes Web Holdings, Canopy Growth, Aurora Cannabis, Tilray, and Hemp Inc. may benefit from the increased use of hempcrete.

Portfolio Pulse from Patricio Liddle

July 30, 2024 | 4:01 am

AAPL

GOOGL

NVDA

Apple's AI models are trained on Google's custom chips, not Nvidia's. This move indicates a shift in the AI chip market, as major tech companies explore alternatives to Nvidia's GPUs. Apple delayed the launch of its AI features to ensure stability and performance. Bank of America maintains a Buy rating for Apple ahead of its Q3 earnings report.

Portfolio Pulse from Benzinga Neuro

July 30, 2024 | 3:27 am

CRWD

MSFT

NVDA

SOFI

TSLA

U.S. stock indices closed mixed on Monday. Nvidia, Microsoft, CrowdStrike, SoFi, and Tesla were notable stocks on investors' radars. Nvidia fell by 1.30% amid news of a new AI chip for China. Microsoft rose by 0.34% ahead of its earnings report. CrowdStrike increased by 1.03% with positive sentiment from Jim Cramer. SoFi declined by 1.08% before its earnings report. Tesla surged by 5.60% despite concerns over autonomous driving.

Portfolio Pulse from Benzinga Neuro

July 30, 2024 | 3:22 am

AAPL

META

NVDA

TSLA

At SIGGRAPH 2024, Meta CEO Mark Zuckerberg and Nvidia CEO Jensen Huang discussed the future of AI, with Zuckerberg expressing frustration over closed AI models. The event, broadcast live, saw Zuckerberg drop an f-bomb while discussing the topic. The discussion highlighted Meta's commitment to open-source AI, following the announcement of Llama 3.1, Meta's largest AI model to date.

Portfolio Pulse from Ananya Gairola

July 30, 2024 | 3:01 am

SHIBUSD

Shiba Inu's Layer-2 chain, Shibarium, has reached a milestone of six million blocks ahead of its first anniversary, leading to a 4527% increase in burn rates. The community is celebrating this achievement.

Portfolio Pulse from Aniket Verma

July 30, 2024 | 2:42 am

CBSTF

VRNOF

Verano Holdings Corp. (OTCQX:VRNOF) announced a $105 million deal to acquire significant assets from The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTC:CBSTF) (FSE: 3LP), including operations in Virginia and Arizona. This acquisition will expand Verano's footprint to 14 states with 15 cultivation sites and 150 dispensaries.

Portfolio Pulse from Patricio Liddle

July 29, 2024 | 10:53 pm

CRWD

MSFT

Microsoft is set to report its Q4 earnings with analysts expecting strong growth driven by cloud and AI. Analysts predict revenue of $64.36 billion and EPS of $2.93. Microsoft has a strong track record of beating estimates. Wedbush analyst Dan Ives highlights Microsoft's AI growth potential, maintaining an Outperform rating and a $550 price target. Other analysts have also raised their price targets. Key items to watch include Azure growth and the impact of a recent outage caused by CrowdStrike.

Portfolio Pulse from Chris Katje

July 29, 2024 | 10:04 pm

NEU

NewMarket anticipates continued strength in its petroleum additives segment, with a focus on managing operating costs, inventory levels, and portfolio profitability throughout 2024.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:15 pm

RMBS

Rambus anticipates a strong Q3 performance, driven by double-digit sequential growth in its chip segment.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:04 pm