Streetbeat News

MARK

Remark Holdings Inc

http://www.remarkholdings.com/

CEO

Kai-Shing Tao

Employees

Industry

Software Publishers

remark holdings, inc. is primarily focused on the development and deployment of artificial intelligence-based solutions for businesses and software developers in many industries. in addition, the company owns and operates digital media properties that deliver relevant, dynamic content. the company is headquartered in las vegas, nevada, with additional operations in los angeles, california, beijing, shanghai, chengdu and hangzhou, china.

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In Thursday's pre-market session, several Information Technology stocks showed significant movement. Notably, Blackboxstocks, Minim, and Akoustis Technologies were among the top gainers, while Infobird Co, Addvantage Technologies, and Cemtrex led the losers. Qorvo and MaxLinear also reported their quarterly earnings, influencing their stock prices.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 1:06 pm

Software company stocks are down following the Federal Reserve's decision to leave interest rates unchanged, contributing to broader market weakness.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 8:53 pm

Advanced Micro Devices, Inc. (AMD) shares fell 3.8% to $165.49 post Q4 earnings report, with non-GAAP EPS of $0.77 on $6.17 billion revenue. Other stocks showed significant movement: Connexa Sports Technologies Inc. (CNXA) regained Nasdaq compliance, surging 204%; Minim, Inc. (MINM) rose 76.4% after a stake disclosure; Powell Industries, Inc. (POWL) gained 49% on strong Q1 results and dividend raise. Notable losers included Nuvve Holding Corp. (NVVE) dropping 65.8% after a public offering announcement, and New York Community Bancorp, Inc. (NYCB) falling 34.5% on disappointing Q4 results and dividend cut.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 6:18 pm

In Wednesday's intraday session, several IT stocks experienced significant movements. Minim (MINM) saw a 66.9% increase, while Remark Holdings (MARK) dropped 43.5%. Extreme Networks (EXTR) fell 17.01% after their Q2 earnings report. Other notable gainers include Phunware (PHUN), Bit Origin (BTOG), and WaveDancer (WAVD), while losers include Baijiayun Group (RTC) and Synchronoss Technologies (SNCR).

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:31 pm

Remark Holdings Inc (MARK) shares dropped after an initial surge due to a partnership with Microsoft (MSFT). The partnership involves Remark's AI business unit consuming $80 million of Microsoft Azure cloud services over five years. Microsoft will provide Remark with $2 million in Azure credits and about $700,000 in consulting and migration credits. Remark's CEO clarified that the deal's revenue projections could exceed $240 million, which would cover the cloud services consumption agreement. Despite the partnership, MARK shares fell by 40.9% to 73 cents after the details were released.

Portfolio Pulse from Adam Eckert

January 31, 2024 | 3:47 pm

U.S. stocks traded mixed with the Nasdaq Composite down 150 points. Utilities shares rose, while communication services fell. U.S. private sector job growth slowed in January, adding 107,000 jobs versus December's 158,000. Connexa Sports Technologies regained Nasdaq compliance, Lytus Technologies surged after a drop, and Powell Industries rose on strong results and dividend hike. Nuvve Holding, New York Community Bancorp, and Remark Holdings fell sharply due to a public offering, poor results and dividend cut, and a potential unconfirmed deal with Microsoft, respectively.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 2:42 pm

Sintx Technologies, Inc. (SINT) shares surged over 39% in pre-market trading after announcing a Cooperative Research and Development agreement with the U.S. Army. Other stocks showed significant movement in pre-market trading, with Revelation Biosciences, Inc. (REVB) and Minim, Inc. (MINM) among the gainers, while Nuvve Holding Corp. (NVVE) and Remark Holdings, Inc. (MARK) were among the losers. Paramount Global (PARA) gained after a buyout offer, and Alphabet Inc. (GOOG, GOOGL) shares fell despite better-than-expected earnings due to lower advertising sales.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 1:17 pm

Remark Holdings CEO announced that Microsoft's initial investment includes $700K in cash to assist with onboarding and migration fees, plus a $2M credit for Azure cloud services. The CEO suggests that with cloud services being about 30% of the cost of goods sold, the 5-year revenue projection from operations could exceed $240MM. This revenue would enable Remark Holdings to meet or surpass the $80MM cloud services consumption agreement with Microsoft.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:13 pm

In Wednesday's pre-market session, several IT stocks showed significant movement. Minim, Smith Micro Software, ZeroFox Holdings, Manhattan Associates, Pixelworks, and Presto Automation experienced gains, with Manhattan Associates reporting Q4 earnings. Conversely, Remark Holdings, Extreme Networks, SMX, Crexendo, Oblong, and Teradyne saw declines, with Extreme Networks and Teradyne releasing their Q2 and Q4 earnings respectively.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 1:05 pm

Remark Holdings Inc (MARK) experienced a significant stock price surge after announcing an $80 million partnership with Microsoft (MSFT) on social media. However, after market close, Remark clarified the details of the deal in a regulatory filing, revealing that it involved $80 million of Microsoft Azure services consumption, $2 million in Azure credits, and $0.7 million in consulting credits over five years. This clarification led to a sharp decline in Remark's stock price in after-hours trading.

Portfolio Pulse from Adam Eckert

January 31, 2024 | 12:44 am

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