Streetbeat News

Products Services

WISA

WiSA Technologies, Inc. (NASDAQ:WISA) shares dropped significantly after announcing a licensing agreement with a top-three consumer electronics leader for its WiSA E software, enabling immersive audio in devices without extra hardware. This agreement, expected to generate revenue through royalties and consumer activations, marks the company's fourth major licensing deal. Additionally, WiSA's stock underwent a 1-for-150 reverse split, trading lower by 33.4% at $6.17.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 3:43 pm

USDTUSD

Tether, the world's largest stablecoin creator, is restructuring into four divisions to expand its focus beyond stablecoins. The divisions include Data, focusing on AI investments; Finance, managing the USDT stablecoin; Power, overseeing Bitcoin mining investments; and Education, for educational activities. This move comes amid criticisms of Tether's transparency and reports of USDT being used to fund war activities by a Russian operative. Tether reported $6.2 billion in profits in its 2023 annual report, with significant USDT usage in countries like Brazil and Nigeria.

Portfolio Pulse from Khyathi Dalal

April 18, 2024 | 3:40 pm

ALK

Alaska Air's CEO announced during a conference call that they will hold Boeing to the highest standards for quality directly from the factory, emphasizing the importance of aircraft quality and safety.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:40 pm

AGBA

AILE

LVS

SPCB

Las Vegas Sands Corp. (LVS) shares fell by around 7% despite reporting better-than-expected Q1 results, with earnings of 75 cents per share and sales of $2.96 billion. Other stocks also showed significant movement, with AGBA Group Holding Limited (AGBA) and Tian Ruixiang Holdings Ltd (TIRX) among the top gainers, while iLearningEngines Holdings, Inc. (AILE) and SuperCom Ltd (SPCB) led the losers.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 3:32 pm

OCUL

Ocular Therapeutix's stock trades lower following the announcement of topline results from the Phase 1 HELIOS study of AXPAXLI in patients with moderately severe to severe non-proliferative diabetic retinopathy.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:31 pm

TSM

Taiwan Semiconductor's CEO, C.C. Wei, announced in a conference call that the company expects revenue from AI processors to more than double this year and to account for a low-teens percentage of total revenue in 2024. Over the next five years, this segment is forecasted to grow at a 50% CAGR, increasing to over 20% of the company's revenue by 2028.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:24 pm

TSM

Taiwan Semiconductor's CFO, Jen-Chau Huan, announced a strategy to convert some 5-nanometer tools to support 3-nanometer capacity due to strong multiyear demand. This conversion is expected to dilute the company's gross margin by 1-2 percentage points in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:24 pm

QCOM

Advantech has announced a partnership with Qualcomm to collaborate on edge computing solutions, aiming to shape the future of this technology sector.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:12 pm

ACMR

AMD

HHUSF

ICG

INTC

KFVG

China mandates leading telecom operators to eliminate foreign semiconductors by 2027, impacting Intel and AMD, which derive significant revenues from China. Despite potential revenue loss, KraneShares CIO Brendan Ahern views the impact on Intel and AMD as limited, citing the directive's focus on government procurement. Ahern suggests the KraneShares CICC China 5G and Semiconductor Index ETF (KFVG) and stocks like Hua Hong Semiconductor (HHUSF), Intchains Group (ICG), and ACM Research (ACMR) as potential investment opportunities amid China's push for semiconductor self-sufficiency.

Portfolio Pulse from Surbhi Jain

April 18, 2024 | 3:12 pm

CARR

Carrier Global Corporation (NYSE:CARR) announced an investment and technology partnership with Strategic Thermal Labs for a liquid cooling solution for data centers. This partnership includes a board seat for Carrier and exclusivity in a differentiated solution, building on Carrier's acquisition of Nlyte in 2021. The liquid cooling market is expected to grow significantly, driven by AI data center builds.

Portfolio Pulse from Shivani Kumaresan

April 18, 2024 | 3:11 pm