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SGH

Cree LED, an SGH company (NASDAQ:SGH), and Current Lighting Solutions, LLC have entered into a patent license agreement for the use of Current's KSF/PFS red phosphor patents in Cree LED's Pro9 technology products. The agreement grants Cree LED a nonexclusive, worldwide license to use six specific U.S. patents in their Pro9 LED products, which include XLamp COB LED arrays, high-power LEDs, and J Series mid-power LEDs. These products benefit from enhanced color quality and efficiency due to the KSF/PFS phosphor. Terms of the agreement are confidential.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:01 pm

AMZN

GOOGL

META

RUM

SNAP

SPY

TikTok has announced the launch of its U.S. Elections Center in partnership with the nonprofit organization Democracy Works. The initiative is aimed at providing users with authoritative information on the upcoming elections.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:57 pm

PLUG

Plug Power has commenced production at its new liquid green hydrogen plant in Georgia. Additionally, the company is finalizing a $1.6 billion loan from the US Energy Department, which has contributed to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:47 pm

EQIX

NVDA

Equinix, Inc. (NASDAQ:EQIX) has launched a fully managed private cloud service featuring NVIDIA DGX AI supercomputing infrastructure, including NVIDIA networking and software. Additionally, Allxon has partnered with NVIDIA Corporation (NASDAQ:NVDA) to manage NVIDIA Jetson Orin-powered industrial edge solutions, integrating NVIDIA Metropolis Microservices for Jetson. NVIDIA CEO Jensen Huang's attire during his China visit also garnered attention.

Portfolio Pulse from Nabaparna Bhattacharya

January 24, 2024 | 2:45 pm

AAPL

INTC

SSNLF

The article celebrates the 40th anniversary of the Macintosh, highlighting its impact on personal computing and Apple Inc.'s (AAPL) growth. It details the historical significance of the Macintosh and Apple's stock performance since its launch. Apple's stock has increased by 159,281% since January 24, 1984. The article also touches on Apple's transition to its own silicon, moving away from Intel Corp. (INTC) chips, and mentions Samsung Electronics Co Ltd. (OTCPK: SSNLF) as a former partner in chipset design. Apple's market capitalization is currently $3.017 trillion, with predictions of reaching $4 trillion by the end of 2024.

Portfolio Pulse from Rounak Jain

January 24, 2024 | 2:44 pm

AAPL

SPOT

Spotify Technology SA (NYSE:SPOT) plans to allow European users to make in-app purchases directly, circumventing Apple Inc.'s (NASDAQ:AAPL) 30% App Store fee. This change, set for March, aligns with the new European competition law, the Digital Markets Act (DMA), which mandates equal treatment for all apps. Spotify has been in a legal dispute with Apple over the fee structure, which it claims forced them to increase subscription prices. Apple is challenging the EU's decision and is facing a $1 billion lawsuit from app developers.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 2:42 pm

FRSX

RVSN

Foresight Autonomous Holdings Ltd. (FRSX) announced that its affiliate, Rail Vision Ltd. (RVSN), has signed a supply contract worth up to $5 million with a leading U.S.-based rail contractor for AI-based Switch Yard Systems. Foresight owns 10.2% of Rail Vision's outstanding share capital. The contract marks Rail Vision's entry into the U.S. market and includes an initial $1 million phase, with potential follow-on orders up to $4 million, and an exclusivity clause for the North American industrial railyards switching segment if certain quotas are met.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:28 pm

BITF

Bitfarms Ltd (NASDAQ:BITF) shares are trading higher after the company announced the purchase of land for a new 100 MW production facility in Yguazu, Paraguay. The facility, expected to be completed in the second half of 2024, aims to support Bitfarms' goal of achieving a corporate hashrate of 21 EH/s by the end of 2024. The project will utilize low-cost renewable hydropower, with over 85% of Bitfarms' portfolio to be powered by green energy. The company anticipates that the new facility will improve hashrate, energy efficiency, and cost per Bitcoin, positioning Bitfarms to benefit from potential Bitcoin price increases and the upcoming Halving event. Bitfarms shares were up 4.46% at $2.11 at the time of writing.

Portfolio Pulse from Adam Eckert

January 24, 2024 | 2:25 pm

AAPL

Apple Inc. (AAPL) is set to charge fees for apps sideloaded on iPhones and iPads in Europe, in response to the EU's Digital Markets Act. This policy will allow sideloading but with Apple's oversight and fee collection from developers for non-App Store downloads. The move could stir further tension with developers and is seen as Apple's effort to maintain control over app sales.

Portfolio Pulse from Rounak Jain

January 24, 2024 | 2:14 pm

RJF

Velocity Clearing and Raymond James have entered into a prime brokerage services referral agreement. This partnership enables Raymond James' institutional sales and sales traders to offer Velocity's prime brokerage services, including custody, clearance, settlement, financing, and securities lending, to their institutional clients such as hedge funds and professional fund managers. This complements Raymond James' existing services like equity research and corporate access.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:11 pm