Streetbeat News

Products Services

OXY

Occidental (NYSE:OXY) and BHE Renewables, a subsidiary of Berkshire Hathaway Energy, have formed a joint venture to commercialize TerraLithium's Direct Lithium Extraction (DLE) technology. The venture aims to produce high-purity lithium compounds from geothermal brine at BHE Renewables' Imperial Valley geothermal facility.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:22 pm

WULF

TeraWulf Inc. (NASDAQ:WULF) announced its May 2024 production and operations update, highlighting the mining of 186 Bitcoin, an 82% year-over-year increase in self-mining capacity to 8.0 EH/s, and advancements in their AI/HPC digital infrastructure pilot.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:21 pm

LCFY

Locafy has signed its first contracts through its partnership with diDNA. The contracts involve one US-based and one Australia-based publisher, where Locafy will implement its Article Accelerator technology.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:21 pm

MGRX

Mangoceuticals shares are trading higher following the announcement of new proprietary formulations for treating low testosterone and male hormone imbalances.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:21 pm

AMZN

ARM

AVGO

CDNS

GOOG

MRVL

MSFT

SNPS

Broadcom and Marvell are set to benefit significantly from the growing demand for custom ASIC solutions driven by generative AI. JPMorgan analyst Harlan Sur predicts the custom chip market will grow to $20-30 billion, with a 20% CAGR. Broadcom holds a dominant market share, while Marvell is rapidly gaining ground. Cloud giants like Google, Amazon, and Microsoft are increasingly opting for custom ASICs over off-the-shelf products, boosting demand for Broadcom and Marvell's solutions.

Portfolio Pulse from Surbhi Jain

June 04, 2024 | 12:20 pm

CMI

PCAR

Accelera by Cummins, Daimler Truck, and PACCAR have completed the formation of their joint venture, Amplify Cell Technologies, to localize battery cell production in the U.S. The venture will build a 21-GWh factory in Mississippi, creating over 2,000 jobs and starting production in 2027. Kel Kearns has been named CEO.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:20 pm

SNAP

Versace is partnering with Snapchat to launch the Mercury Sneaker Collection using augmented reality. This collaboration aims to enhance the shopping experience by allowing users to virtually try on the sneakers through Snapchat's AR technology.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:18 pm

VLN

Valens Semiconductor (NYSE:VLN) and Good Way Technology have introduced the VS6320 chipset, which supports 4 independent 4K streams or an 8K video wall over a single copper cable. This innovation is expected to impact multiple markets, including video conferencing and video walls.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:16 pm

EQ

Equillium shares are trading higher after the company announced topline data from its Phase 2 study of EQ101 in alopecia areata.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:15 pm

WMT

Walmart Data Ventures has launched Digital Landscapes, a new platform designed to provide detailed customer data to suppliers. This initiative aims to enhance supplier relationships and improve business outcomes by leveraging Walmart's extensive customer data.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:14 pm