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ORCL

Oracle anticipates accelerated growth in each successive quarter of FY25 and has signed over 30 AI sales contracts worth more than $12.5 billion in Q4.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:09 pm

BTOC

MAMO

Armlogi Holding has announced a strategic partnership with Massimo Group to enhance the delivery, assembly, and distribution of vehicle components.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:08 pm

ORCL

Oracle has announced that it expects continued strong demand for AI throughout fiscal year 2025, which is anticipated to drive Oracle's sales and remaining performance obligations (RPO) even higher.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:08 pm

AMD

ARM

AVGO

INTC

MU

NVDA

PLTR

SMH

TSM

The Biden administration is considering new restrictions on China's access to advanced AI chip technology, specifically targeting gate all-around (GAA) architecture and potentially high-bandwidth memory chips. This move aims to hinder China's AI development capabilities. Major semiconductor companies like Nvidia, Intel, AMD, and TSM could be impacted. The VanEck Semiconductor ETF (SMH) saw a slight decline, while stocks like Palantir, Arm Holdings, and Broadcom outperformed.

Portfolio Pulse from Piero Cingari

June 11, 2024 | 8:07 pm

GOOG

GOOGL

ORCL

Oracle and Google Cloud have announced a multicloud partnership that will allow Google Cloud to offer Oracle Cloud Infrastructure database services and high-speed network interconnect with Oracle. This partnership aims to simplify cloud migration, multicloud deployment, and management for customers.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:05 pm

MSFT

ORCL

Oracle shares are trading higher following the announcement of a partnership with Microsoft and OpenAI to extend the Microsoft Azure AI platform to Oracle Cloud Infrastructure, providing additional capacity for OpenAI.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:04 pm

MSFT

ORCL

Oracle, Microsoft, and OpenAI have announced a partnership to extend the Azure AI platform to Oracle Cloud Infrastructure, providing additional capacity for OpenAI.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:03 pm

CMCSA

DKNG

The 2024 U.S. Open will be broadcast by Comcast Corporation across its platforms, including USA Network, NBC, and Peacock. DraftKings has released betting odds with Scottie Scheffler as the favorite. Key storylines include Scheffler's dominance, Tiger Woods' participation, and Phil Mickelson's quest for a career Grand Slam.

Portfolio Pulse from Chris Katje

June 11, 2024 | 8:02 pm

MSFT

Mediatek is designing an Arm-based Windows PC chip for Microsoft's AI efforts. The chip, based on Arm pre-built designs, is expected to be ready for shipment next year.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:53 pm

SNTI

Senti Biosciences has been granted US Patent #12005081 for 'Chimeric Receptors And Methods Of Use For Acute Myeloid Leukemia Cancer Antigen Targets'. This patent could enhance their position in the biotechnology sector, particularly in cancer treatment.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:52 pm