10 Stocks Gaining Momentum From Key Collaborations

8. Magnite (NASDAQ:MGNI)

Magnite Inc. is a leading independent shell-side advertising platform operating globally whereas Samsung Electronics Co., Ltd is a multinational company operating through 4 main segments including consumer electronics, device solutions, IT & mobile communications, and display panels. Samsung ads is its advertising division which provides targeted solutions for brands. Magnite just announced the expansion of its partnership with Samsung ads.

Advertisers will be able to display targeted ads on Samsung TV Plus in Singapore, Thailand, and the Philippines for the first time. As soon as the news broke, the company’s stock price experienced an uptick. Seeing how stocks performed as a result of the news, the partnership might keep advancing the company’s share prices.

Additionally, advertisers can now have automated access to present high-quality video ads on Samsung TV Plus, a free service available in Southeast Asia. As a result of this strengthening partnership, Magnite’s share prices surged making it a good indicator for investors.