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IREN

NVDA

Iris Energy has entered into a cloud service agreement with AI company Poolside for the use of 248 NVIDIA H100 GPUs over an initial term of three months. This partnership highlights Iris Energy's expansion into AI services, leveraging NVIDIA's advanced GPU technology.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:10 am

AUTL

BNTX

BioNTech SE (BNTX) and Autolus Therapeutics plc (AUTL) have announced a strategic collaboration to advance their autologous CAR-T cell therapy programs towards commercialization, subject to regulatory approvals. The collaboration includes a license and option agreement and a securities purchase agreement, aiming to enhance both companies' pipelines and expand their late-stage programs.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 10:46 am

Thai Airways has placed an order for 45 Boeing 787 jets, with options that could increase the total to approximately 80 jets. This order was previously included in Boeing's order backlog as an undisclosed customer.

Portfolio Pulse from Charles Gross

February 08, 2024 | 10:10 am

FSM

Fortuna Silver Mines has announced its commitment to reducing GHG emissions by setting a target for 2030 and outlining long-term objectives up to 2050. The company plans to achieve these goals through investments in technology, energy efficiency initiatives, and renewable energy.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 10:06 am

SFTBY

SoftBank Group Corp's backed Cohesity is set to acquire the data protection business of Veritas Technologies LLC, a subsidiary of Carlyle Group Inc, for $3 billion. This acquisition, expected to close by year-end, will create a combined entity valued at $7 billion with an estimated annual revenue of $1.6 billion. The deal aims to enhance Cohesity's growth margins and facilitate its expansion into international markets, leveraging AI-powered software for data security.

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 9:34 am

AAPL

Elon Musk endorses using X (formerly Twitter) with its premium plan, X Pro, alongside the Apple Vision Pro mixed reality headset for an enhanced experience. This suggestion follows a tweet by Robert Scoble, who shared his positive experience with these technologies at a Tesla supercharger. Musk has previously shown interest in Apple Vision Pro and has rebranded TweetDeck to X Pro, placing it behind a paywall. Analysts see Apple Vision Pro as a revolutionary device, akin to the iPhone's debut, despite being a first-generation product.

Portfolio Pulse from Rounak Jain

February 08, 2024 | 9:19 am

DIS

GOOG

NFLX

The Walt Disney Co. (NYSE:DIS) announced plans to intensify its crackdown on Disney+ password sharing, following Netflix Inc.'s (NASDAQ:NFLX) lead. Disney CFO Hugh Johnston revealed during the Q1 earnings call that accounts suspected of password sharing will soon require users to create their own subscriptions. Additionally, Disney+ will offer the option to add users outside a household for an extra fee, similar to Netflix, though this feature will be introduced later in the year. The company does not expect significant benefits from these initiatives until the latter half of 2024. Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) has also started enforcing similar restrictions on YouTube Premium family subscriptions.

Portfolio Pulse from Rounak Jain

February 08, 2024 | 8:56 am

CMG

COP

HSY

SNAP

The CNN Money Fear and Greed index moved to the 'Extreme Greed' zone, indicating improved market sentiment. The S&P 500 approached the 5,000 mark, closing higher along with the Dow Jones and Nasdaq. Ford and Chipotle shares surged following strong quarterly results, while Snap shares plummeted. The U.S. trade deficit slightly widened. Sectors like information technology and consumer discretionary led gains, whereas consumer staples and real estate lagged. Earnings from Philip Morris, Hershey, Kellanova, and ConocoPhillips are anticipated.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 7:55 am

COP

DIS

PYPL

ConocoPhillips, Disney, Philip Morris International, PayPal Holdings, and Kellanova are stocks to watch due to their recent financial updates and market movements. ConocoPhillips and Kellanova are expected to report earnings, with ConocoPhillips already seeing a slight increase in after-hours trading. Disney announced better-than-expected earnings, a new share repurchase program, and a significant investment in Epic Games, leading to a surge in its stock price. Philip Morris is also anticipated to release earnings, showing a modest increase in after-hours trading. PayPal reported strong fourth-quarter results but projected full-year earnings for 2024 to match those of 2023, below analyst expectations, causing its stock to dip.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 7:48 am

NVDA

For the first time in over 20 years, Mexico has surpassed China as the top supplier of goods to the United States, with U.S. imports from Mexico exceeding $475 billion in 2023. This shift is attributed to the U.S.'s efforts to reduce dependency on Chinese goods amid escalating tensions and to source more from closer, allied nations. The U.S. has maintained tariffs on Chinese imports, and the Biden administration encourages 'friend-shoring' and 'reshoring' of manufacturing. Some Chinese manufacturers have moved to Mexico to benefit from the U.S.-Mexico-Canada Trade Agreement. Meanwhile, China is reducing its reliance on U.S. imports, especially in the tech sector, by increasing its chipmaking capabilities.

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 7:27 am