Streetbeat News

Products Services

NVEI

Nuvei Corporation (NASDAQ:NVEI) has partnered with Charles & Keith to enhance the fashion brand's eCommerce payments globally. Through Nuvei's technology, Charles & Keith can now offer a wider range of payment methods, tailored to local preferences in Southeast Asia, Europe, and the US, including digital wallets like Apple Pay and Google Pay. This partnership aims to optimize checkout experiences and has already contributed to double-digit eCommerce revenue growth for Charles & Keith.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:17 pm

NVDA

At GTC 2024, Nvidia Corp (NASDAQ:NVDA) unveiled its next-generation Blackwell GPU and B200 chipset, showcasing significant advancements in AI, data center acceleration, and networking infrastructure. Despite these announcements, NVDA's stock saw a modest increase of 0.70% on the day, with a 1.42% dip in post-market trading. JPMorgan analyst Harlan Sur reiterated an Overweight rating on NVDA, with a price target of $850, highlighting Nvidia's strong positioning in AI, high-performance computing, gaming, and autonomous vehicles. Sur emphasized Nvidia's technological leadership and expansion into the humanoid robots market, maintaining a positive investment outlook.

Portfolio Pulse from Surbhi Jain

March 19, 2024 | 12:15 pm

IONQ

IonQ (NYSE:IONQ) has entered a strategic agreement with South Carolina Quantum (SC Quantum) to advance quantum computing in South Carolina. This partnership aims to provide quantum computing capabilities and professional services to SC Quantum partners, including academic institutions. It will also focus on developing quantum-specific academic coursework and accelerating the introduction of quantum technologies across various sectors in South Carolina. This move is part of a broader effort by states like Maryland and Washington to enhance quantum computing skills and infrastructure. IonQ's recent activities also include opening the first dedicated quantum manufacturing facility in the U.S. and establishing international partnerships to promote quantum computing globally.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:14 pm

MDAI

Spectral AI, Inc. (NASDAQ:MDAI) has received a $1 million investment from an affiliate of its largest shareholder for its subsidiary Spectral IP, Inc., focusing on intellectual property in the AI ecosystem. The investment aims to enhance Spectral AI's position in the AI and healthcare sectors by developing or acquiring IP. Spectral IP will work on advancing IP through acquisitions, partnerships, and collaborations to accelerate innovation and expand market reach.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:13 pm

GDHG

Golden Heaven Group Holdings Ltd. (GDHG), a NASDAQ-listed amusement park operator in China, announced a collaboration agreement with Zigong City Dragon Culture & Arts Co. Ltd. to lease land and property for hosting various outdoor activities. The agreement, effective from March 11, 2024, to March 10, 2025, involves a lease payment of RMB 8.73 million to Golden Heaven, payable quarterly. This collaboration aims to diversify visitor experiences, optimize property management, and is expected to increase visitor flow and operational revenues.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:12 pm

ORCL

The Administrative Office of the U.S. Courts has selected Oracle as one of four Cloud Service Providers for a 10-year, $100 million initiative aimed at modernizing its IT operations. This agreement allows the U.S. Courts to utilize Oracle Cloud Infrastructure (OCI) services and Oracle Cloud VMware Solution (OCVS) to enhance IT efficiency. Oracle's cloud is designed for interoperability, high performance, and cost-effectiveness, supporting a wide range of public sector organizations with advanced security and AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:10 pm

GOOG

MSFT

NUE

Google LLC, Microsoft Corporation, and Nucor Corporation announced a collaboration to aggregate demand for advanced clean electricity technologies to accelerate the development of early-stage commercial projects. They aim to address the financing challenges of these technologies by developing new business models, issuing RFIs for potential projects, and working on pilot projects in the US. This initiative is expected to reduce technology costs through repeated deployment and support the decarbonization of electricity systems worldwide.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:09 pm

LINC

Lincoln Educational Services anticipates a 15% increase in student starts for Q1 of 2024 and reaffirms its full-year outlook for 2024. This projection reflects the company's positive momentum in attracting new students and its confidence in maintaining operational and financial targets for the year.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:07 pm

MOBX

Mobix Labs Inc. (NASDAQ:MOBX) has entered into a $100 million common stock purchase agreement with B. Riley Principal Capital II, LLC, enhancing its financial flexibility for future growth and M&A strategy. This agreement allows B. Riley to purchase up to $100 million of Mobix Labs Class A common stock, with the terms of the sale at Mobix Labs' discretion. The funding is aimed at accelerating the development of disruptive mmWave 5G and C-Band wireless solutions, as well as supporting strategic acquisitions to expand into new markets and enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:07 pm

AAPL

GOOG

GOOGL

Apple Inc. has acquired Canadian AI startup DarwinAI to enhance its AI capabilities for future iPhone and iPad features, codenamed 'Project Graymatter'. This project, set to debut with iOS 18, focuses on generative AI features separate from Google's Gemini AI models. Apple's strategic acquisitions in the AI space, including DarwinAI, aim to position it as a leader in personalized AI technology. The company's stock saw a slight increase followed by a minor decrease in premarket trading.

Portfolio Pulse from Rounak Jain

March 19, 2024 | 12:06 pm