Streetbeat News

Products Services

COHR

Coherent announced the introduction of a new circulator adaptor that enables bi-directional fiber connectivity, specifically designed for AI/ML applications. This innovation is expected to enhance the performance and efficiency of AI/ML systems by facilitating improved data flow and connectivity.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 10:02 am

TTE

TotalEnergies SE (NYSE:TTE) has restarted production at the Tyra hub in the Danish North Sea after a redevelopment project. The hub is expected to produce 5.7 million cubic meters of gas and 22,000 barrels of condensate daily. The project, which TotalEnergies operates on behalf of the Danish Underground Consortium, aims to produce more efficiently with 30% lower greenhouse gas emissions. This move is seen as a step towards improving Europe's security of supply. Additionally, TotalEnergies has achieved over 1.5 GW of renewable Power Purchase Agreements globally.

Portfolio Pulse from Lekha Gupta

March 22, 2024 | 9:53 am

FXI

TSLA

Bloomberg reported that Tesla is reducing its car production in China due to a slowdown in electric vehicle (EV) sales growth in the region. This adjustment reflects the challenges Tesla faces in maintaining its sales momentum in one of its key markets.

Portfolio Pulse from Charles Gross

March 22, 2024 | 9:44 am

FXI

HPQ

China's Commerce Minister Wang Wentao expressed his hope for HP to enhance its innovation and investment efforts in the Chinese market, as reported by Reuters.

Portfolio Pulse from Charles Gross

March 22, 2024 | 9:16 am

SPOT

Joe Rogan leads Spotify's podcast scene with 14.5 million followers, triple the count of the next competitor. Spotify, which introduced a feature showing podcast followers, sees Rogan's podcast as the most popular for the fourth consecutive year. Despite controversies, including an apology for using a racial slur, Rogan's influence on Spotify remains strong. Spotify's new feature allows users to see podcast followers, aiming to provide insights beyond episode performance.

Portfolio Pulse from Ananya Gairola

March 22, 2024 | 9:04 am

CHX

ChampionX Corporation (NASDAQ:CHX) announced its plan to acquire RMSpumptools Limited for approximately $110 million, aiming to expand its reach in international and offshore production technologies markets. This acquisition is expected to enhance ChampionX's Production and Automation Technologies portfolio and strengthen its presence in the Middle East, Latin America, and global offshore markets. RMSpumptools is anticipated to achieve around $65 million in revenues and $18 million in adjusted EBITDA by 2024.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 9:01 am

NAAS

NaaS Technology (NASDAQ:NAAS) partners with CSG Hainan EV to enhance EV charging services in Hainan, China, integrating 193 charging stations and 700 DC chargers into its network. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:51 am

QUCCF

TSM

WICOF

Taiwanese stocks, particularly in the tech sector, have seen significant growth due to increasing demand for AI and semiconductor technologies. The Taiwan Weighted Index is expected to continue its upward trajectory, with Taiwan Semiconductor (TSM) leading the surge. Other companies like Quanta Computer (QUCCF) and Wistron (WICOF) have also seen substantial gains. This growth is attributed to global AI demand and a robust AI service manufacturing supply chain in Taiwan. Additionally, fixed asset investment post-elections and potential Fed cuts are contributing factors.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 8:48 am

SIFY

Sify Technologies has filed for a rights offering, aiming to expand its digital services and data center operations. This strategic move is expected to enhance the company's infrastructure and service offerings, positioning it for future growth in the rapidly evolving digital landscape.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:39 am

MYGN

Myriad Genetics has been granted a foundational patent for Molecular Residual Disease (MRD) with an early priority date, marking a significant advancement in the field of genetic testing and cancer treatment.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:14 am