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AMZN

Amazon.com Inc has announced updates from Project Kuiper's satellite test mission. The test results have confirmed that the optical inter-satellite link will be operational on the first production satellites scheduled for launch in 2024.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:00 pm

PYPL

SAP

SAP SE has expanded its integration with PayPal by creating a digital payments plug-in for the PayPal Braintree platform, utilizing the SAP Business Technology Platform.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:59 pm

RIVN

T

Rivian Automotive Inc (RIVN) shares rose after announcing a deal with AT&T Inc (T) for AT&T to purchase Rivian EVs for its fleet. The pilot program aims to reduce transport emissions, with AT&T adding Rivian Commercial Vans and R1 vehicles to its fleet in early 2024. The deal supports AT&T's goal of carbon neutrality by 2035 and includes optimizing routes and fleet size reduction. Rivian's VP of strategy and fleet, Dagan Mishoulam, highlighted the importance of reducing emissions from commercial vans. Additionally, AT&T will be the exclusive provider of connectivity for Rivian vehicles in the U.S. and Canada, enabling over-the-air software updates and feature improvements.

Portfolio Pulse from Adam Eckert

December 14, 2023 | 2:55 pm

THMO

ThermoGenesis Corp. has received approval from the China FDA for its 'Cord Blood Separation Device' JQY2301651, manufactured by Beijing Polyongchang Medical Technology Co., Ltd. The device's registration certificate number is National Weapons Injection 20143105298, and the approval was granted on December 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:52 pm

VCIG

VCI Global Ltd (NASDAQ:VCIG) shares surged after announcing its fintech arm, Accuventures Sdn Bhd, will acquire Malaysian digital platform EVOLET. The acquisition aims to give VCI Global access to the local remittance market, leveraging EVOLET's services for the unbanked and its 13,000 users from 13 countries in Malaysia. The digital remittances market in Malaysia is projected to grow significantly by 2026. VCI Global plans to integrate its AI-powered micro-financing platform, Credilab, with EVOLET to target foreign workers for financing. VCIG's stock rose 16.2% to $2.64.

Portfolio Pulse from Shivani Kumaresan

December 14, 2023 | 2:49 pm

RKLB

Rocket Lab USA Inc (NASDAQ:RKLB) shares are trading higher after the company announced it is preparing to launch its 42nd Electron mission, titled 'The Moon God Awakens,' no earlier than Dec. 15. The mission will carry a satellite for Earth imaging company the Institute for Q-shu Pioneers of Space from Rocket Lab's Launch Complex 1 in New Zealand. The satellite will collect high-resolution images of Earth and will use Rocket Lab's Mark II Motorized Lightband as its separation system, showcasing Rocket Lab's vertically integrated space systems strategy. At the time of publication, RKLB shares were up 4.06% at $5.13.

Portfolio Pulse from Adam Eckert

December 14, 2023 | 2:45 pm

RIVN

T

Rivian's stock price has increased following the announcement of a pilot program agreement with AT&T for the purchase of Rivian electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:42 pm

GOOG

GOOGL

MSFT

Alphabet Inc (GOOG, GOOGL) saw its market value increase by $87 billion after showcasing its Gemini AI, comparable to OpenAI's ChatGPT. This event underscores the importance of AI in investor confidence and Alphabet's need to leverage AI for sales growth. Despite lagging behind Microsoft Corp (MSFT) in AI integration, Alphabet's Gemini Pro for businesses has reassured investors of its AI capabilities. Alphabet trades at a lower earnings multiple than Microsoft, suggesting growth potential, but Microsoft is seen as having an edge in communication and product execution. GOOG shares dipped slightly by 0.11% recently.

Portfolio Pulse from Anusuya Lahiri

December 14, 2023 | 2:38 pm

AMZN

MSFT

SNOW

Snowflake Inc (NYSE:SNOW) is ramping up its R&D to develop generative AI tools for business applications. Despite a slowdown in revenue growth earlier this year, the company's financial performance has stabilized. Snowflake's R&D spending increased by 57% to $332.1 million in the quarter ending October 31, while revenue grew by 32% to $734.2 million. The company competes with Databricks and Amazon.com, and has launched Snowflake Cortex and Snowpark Container Services, as well as acquiring Neeva. Snowflake expects a 35% revenue increase next fiscal year, with 5-10% from AI tools, and its stock has risen over 45% year-to-date.

Portfolio Pulse from Anusuya Lahiri

December 14, 2023 | 2:30 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) stock is trading higher, continuing a recent uptrend with a 4% gain over the last week and a 178% increase year-to-date. The rise follows a dip in early December when investors took profits after the stock reached 52-week highs. The company has announced a strategic collaboration with PlasCred Circular Innovations to integrate AI into environmental efforts and a renewed partnership with UniCredit to deploy Palantir Foundry for digital transformation. The broader market's positive movement after the Federal Reserve's decision to keep rates unchanged may also be contributing to Palantir's stock performance.

Portfolio Pulse from Adam Eckert

December 14, 2023 | 2:23 pm