Streetbeat News

Products Services

ALCPF

INTC

TSM

WICOF

Morgan Stanley predicts significant benefits for TSMC, Alchip, and Wistron from Intel's new AI chip, Gaudi 3. TSMC will fabricate the chip, Alchip will provide design services, and Wistron will supply baseboards. The demand for AI chips is expected to drive revenue growth for these companies, with Intel's Gaudi shipments potentially reaching 300-400k units in 2025, generating $2-3bn in revenue. TSMC and Alchip are considered long-term winners in the AI semiconductor market.

Portfolio Pulse from Benzinga Neuro

April 24, 2024 | 11:51 am

IMMP

Immutep shares surged following the announcement of positive data from the evaluation of efti in combination with KEYTRUDA for treating recurrent/metastatic head and neck squamous cell carcinoma patients.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:49 am

PERF

Perfect Corp projects its 2024 total revenue growth to be between 12%-16% over 2023, driven by strong demand for its enterprise SaaS solutions and YouCam mobile apps subscriptions.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:48 am

EFX

Equifax Workforce Solutions has introduced Forms HQ, a new service aimed at streamlining the management of employee forms by automating their delivery, completion, and tracking. This innovation is expected to enhance operational efficiencies for businesses by simplifying the handling of essential employee documentation.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:46 am

META

NVDA

Meta Platforms Inc. (META) plans to purchase 350,000 Nvidia Corp. (NVDA) H100 GPUs by 2024, initially for Instagram Reels enhancement, not AI. Zuckerberg's revelation on a podcast highlighted the shift from Reels to AI as a strategic move. Meta's AI model, Llama 3, reportedly outperforms competitors, marking the investment as beneficial. The original intent was to make Instagram Reels competitive with TikTok, but the GPUs' application in AI development was a serendipitous outcome.

Portfolio Pulse from Rounak Jain

April 24, 2024 | 11:42 am

AMZN

Nextech3D.ai has chosen Amazon Web Services (AWS) as its primary cloud provider to foster innovation in 3D modeling for the ecommerce sector. This partnership aims to enhance Nextech3D.ai's capabilities in delivering advanced 3D modeling solutions to ecommerce platforms, leveraging AWS's extensive cloud services.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:42 am

AMST

Amesite's stock price increased following the announcement of the Beta release of its NurseMagic app.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:37 am

AMST

Amesite, known by its ticker AMST, has announced the beta release of its NurseMagic app, a significant development in its product lineup. This move could potentially impact its market position and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:34 am

RDW

Redwire Corporation (RDW) has entered into a Memorandum of Understanding (MOU) with Boryung Corporation in Korea, aiming to support its innovative Humans in Space Program. This collaboration is designed to leverage space-based technologies to advance global human health initiatives.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:32 am

DPRO

Draganfly has entered into a Memorandum of Understanding with Squamish Search and Rescue (SSAR), becoming their UAV solutions partner. This partnership aims to enhance SSAR's search and rescue operations through advanced UAV technology.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:24 am