Streetbeat News

Products Services

INTC

Intel's CFO announced that most of the company's top 20 foundry customers are currently running test chips with Intel, indicating a strong position in securing a pipeline with these key customers. This statement was made during the Morgan Stanley Technology, Media, and Telecom Conference.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 6:31 pm

NXL

Nexalin Technology's stock is trading higher following the announcement of positive clinical study results for its Gen-2 tACS device, aimed at treating chronic insomnia.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 6:20 pm

T

AT&T is launching the Navigil Wellness Wristwatch in the U.S., a device designed to monitor heart rate, activity levels, sleep patterns, and more, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 6:20 pm

CRWD

CSCO

MSFT

CrowdStrike Holdings Inc (NASDAQ:CRWD) exceeded Q4 estimates with a 33% YoY revenue increase to $845 million and reported a net income of $54 million. The company provided a strong outlook for the next quarter and fiscal year, with revenue expected between $902 million and $906 million. CrowdStrike's acquisition of Flow aims to expand its cloud security reach. Competitors like Microsoft and Cisco are also enhancing their cybersecurity capabilities, with Cisco introducing an AI security assistant.

Portfolio Pulse from Upwallstreet

March 06, 2024 | 6:20 pm

ETH-USD

On Tuesday, 19,544.93 Ether (ETH) worth approximately $74.73 million was burned, permanently removing it from circulation. This action is part of the Ethereum blockchain's EIP-1159 upgrade, which introduced a variable base fee for transactions that is burned. The Ethereum network is currently issuing new Ether at a 4% annual rate, expected to decrease to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -26.68% yesterday.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 6:00 pm

WBD

Warner Bros. Games, under Warner Bros. Discovery Inc (NASDAQ:WBD), remains committed to live service games despite the underperformance of 'Suicide Squad: Kill the Justice League.' At a Morgan Stanley event, CEO J.B. Perrette highlighted the company's strategy to focus on mobile and multiplatform free-to-play games, leveraging major franchises. The company plans to release more mobile titles this year, with significant impact expected between 2025 and 2027. Warner Bros. aims for consistent revenue through its intellectual properties, including further development within the Harry Potter world.

Portfolio Pulse from Franca Quarneti

March 06, 2024 | 5:58 pm

SPY

Fed Chair Powell discussed the current state of public sector hiring, AI's potential impact on productivity and labor, and the sustainability of current productivity gains. He indicated that the pace of public sector hiring is not a concern for the Fed, and while AI has the capacity to either augment or replace labor, it's uncertain which path it will take. Powell expressed hope that the current productivity gains can be sustained.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:54 pm

GOOG

MSFT

AI image creation tools from OpenAI and Microsoft Corp (NASDAQ:MSFT) are reported by the Center for Countering Digital Hate (CCDH) to potentially fuel election misinformation by generating images that could mislead voters. The CCDH's tests on platforms like ChatGPT Plus, Microsoft's Image Creator, Midjourney, and Stability AI's DreamStudio showed a 41% success rate in generating misleading images, particularly concerning election fraud. Midjourney and Stability AI have announced updates to improve moderation and forbid disinformation. Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) CEO Sundar Pichai also acknowledged issues with its Gemini AI chatbot. Microsoft has launched a tool to combat deepfakes ahead of the 2024 presidential election. MSFT shares saw a 0.30% increase.

Portfolio Pulse from Anusuya Lahiri

March 06, 2024 | 5:53 pm

MYRO

SHIBUSD

Myro, dubbed as 'Shiba Inu of Solana', has seen a 248.5% weekly gain, reaching a new all-time high of $0.4185. The surge is attributed to listings on multiple exchanges including HTX Global, Crypto.com, Gate.io, Kucoin.com, WOO X, and Binance Futures. Trading volume exceeded $400 million in the past 24 hours, significantly outpacing other memecoins. Market cap has increased by 46% since the start of 2024, now over $330 million. Predictions suggest Myro could reach a market cap in the billions.

Portfolio Pulse from Khyathi Dalal

March 06, 2024 | 5:52 pm

DWAC

ETHUSD

MAGA

MATICUSD

Following Trump's Super Tuesday win and Nikki Haley's exit from the GOP presidential race, interest in Trump-related investments like NFTs, memecoins, and stocks has surged. Trump's NFT collections, especially the latest 'MugShot Edition,' have seen increased sales. Digital World Acquisition Corp (DWAC) shares have risen 152% in 2024, amidst Trump's election lead, despite merger delays and lawsuits. The MAGA memecoin also gained traction, reflecting Trump's political momentum.

Portfolio Pulse from Chris Katje

March 06, 2024 | 5:49 pm