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AAPL

Apple has announced its second fall event of 2023, scheduled for October 30. The event is expected to focus on the Mac, with several Macs in the lineup expected to be refreshed. The event will be held online only and will be prerecorded. The refresh could potentially include new M3-series chips for the iMac and MacBook Pro models.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:11 pm

TIO

Tingo Group, Inc. (NASDAQ:TIO) has signed a Memorandum of Understanding with the Khyber Pakhtunkhwa Information Technology Board (KPITB) to launch and roll out its business and service offerings in Pakistan. The agreement aims to revolutionize Pakistan's agriculture sector, improve food production levels, and enhance food security. Tingo's technology applications and platforms will be implemented in the agricultural sector to increase crop yields and reduce post-harvest losses. The company will also introduce its online agri-marketplace platform in Pakistan.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:32 pm

EPOW

Sunrise New Energy (NASDAQ:EPOW) is in discussions with LG Energy and the Abu Dhabi Investment Fund for a potential collaboration to establish a new lithium battery material manufacturing facility in Abu Dhabi. The facility is expected to have an annual production capacity of 50,000 tons of anode materials. The collaboration aims to leverage the substantial demand for Chinese lithium batteries in overseas markets and enhance Sunrise's competitiveness in the global power battery industry.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:32 pm

AMZN

CHWY

WMT

Amazon is considering entering the veterinary telehealth sector, a move that would directly challenge Walmart, which already offers such services to its Walmart+ subscribers. This comes as the pet market becomes increasingly competitive. Amazon's consideration of this new service follows its expansion into the human health sector by acquiring One Medical. The company might consider partnering with Pawp for its potential pet telehealth offering, or it could collaborate with other startups in the pet telehealth space or develop its platform, similar to what Chewy did during the pandemic.

Portfolio Pulse from Anusuya Lahiri

October 24, 2023 | 3:18 pm

LNVGY

NVDA

Lenovo and NVIDIA have announced an expansion of their partnership to bring generative AI to enterprises. The collaboration will deliver fully integrated systems that bring AI-powered computing to data creation points, from the edge to the cloud. The solutions will be supported by the new Lenovo AI Professional Services Practice, enabling enterprises to use a hybrid cloud approach. The companies' expanded partnership includes the Lenovo ThinkSystem SR675 V3 server and ThinkStation PX workstation, optimized for production AI running NVIDIA AI Enterprise.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:01 pm

TTWO

Traders are circulating rumors about an announcement for Grand Theft Auto 6 (GTA 6) from Take-Two Interactive Software, Inc. (TTWO).

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 2:56 pm

COIN

Coinbase has partnered with Integral to provide next-generation accounting solutions to Coinbase Prime clients. The collaboration will offer an aggregate view of all digital assets, held inside and outside of Coinbase, simplifying workflows like accounting, reporting, and record-keeping. Integral also received investment from Coinbase Ventures. The funds will be used to provide Prime clients with data coverage for all of their assets and develop complementary solutions such as accounts receivable and accounts payable automations.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 2:49 pm

PTON

Peloton Interactive Inc's shares are trading higher by 8.3% amid overall market strength and the launch of its Peloton Row indoor rowing machine in Canada. The machine is available at an introductory price of $3,370 CAD until January 9, 2024. Peloton's Q1 earnings are set to be released on November 2nd. The company has a 52-week high of $17.83 and a 52-week low of $4.30.

Portfolio Pulse from Henry Khederian

October 24, 2023 | 2:48 pm

CDNS

Cadence Design Systems (CDNS) has expanded its Tensilica IP portfolio with new HiFi and Vision DSPs for pervasive intelligence and edge AI inference. The enhancements and Tensilica Xtensa LX8 platform capabilities are expected to deliver significant performance improvements with industry-best energy efficiency.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 2:48 pm

AAPL

BABA

PDD

Alibaba's stock is trading higher amid reports of Apple's new iPhone 15 series being available for steep discounts on Chinese e-commerce websites for the Double 11 online sales event. The discounts are seen as Apple's competition against Huawei's Mate 60 Pro 5G handset. The iPhone 15 and 15 Plus were available for cheaper than their official retail prices on Alibaba's Taobao platform. Meanwhile, sales of the iPhone 15 series in China were down 4.5% compared to the iPhone 14, reflecting a broader decline in consumer spending.

Portfolio Pulse from Anusuya Lahiri

October 24, 2023 | 2:47 pm