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Deepwater Asset Management&#8216;s managing partner, Gene Munster has expressed concerns about Microsoft Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) future in the field of AI as it continues to rely heavily on ChatGPT-parent OpenAI.
What Happened: During an appearance on CNBC&#8217;s Closing Bell on Tuesday,&nbsp;Munster said that the Satya Nadella-led tech giant&#8217;s Build conference was &#8220;underwhelming.&#8221; He went on to add <a href="https://www.benzinga.com/news/24/05/38950285/microsoft-introduces-new-ai-powered-features-at-build-conference-what-you-need-to-know">that the conference did not</a> unveil anything new that had not been previously disclosed by OpenAI. 
&#8220;It&nbsp;reminds me that Microsoft&#8217;s future&nbsp;is in the hands of&nbsp;OpenAI,&#8221; Munster said.
He also highlighted the strong&nbsp;relationship between Microsoft and OpenAI but expressed concerns about Microsoft&#8217;s lack of complete control over its AI destiny, especially in comparison to companies like Alphabet Inc.&#8217;s Google and Meta Platforms.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38909116/openais-new-model-gpt-4o-elon-musks-high-regard-for-ilya-sutskever-and-microsofts-china-move-this-we?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s New Model GPT-4o, Elon Musk&#8217;s High Regard For Ilya Sutskever And Microsoft&#8217;s China Move: This Week In Artificial Intelligence</a>
&#8220;The reality is they are&nbsp;two different companies,&#8221; Munster said,&nbsp;referring to OpenAI and Microsoft.&nbsp;&#8220;What Microsoft brought originally to&nbsp;OpenAI was a lot of&nbsp;money and separately distribution.&#8221; 
He said as Sam Altman&#8217;s company continues to explore&nbsp;its options, like <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38788422/apples-potential-partnership-with-openai-opens-up-revenue-opportunities-says-tech-b">they are reportedly doing</a> with Apple Inc., it is&nbsp;&#8220;concerning&#8221; that&nbsp;&#8220;Microsoft really isn&#8217;t in control&nbsp;of that destiny at&nbsp;the end of the day.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">While <a href="https://twitter.com/search?q=%24MSFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSFT</a> is well positioned to profit from the AI shift, the company&#39;s soul lies in the control of OpenAI. <a href="https://t.co/ELo3j5WApH">https://t.co/ELo3j5WApH</a>
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1793012687082844570?ref_src=twsrc%5Etfw">May 21, 2024</a></blockquote>
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Why It Matters: On the same day, at the recent JPMorgan TMC conference, Microsoft&#8217;s CVP of Cloud &amp; AI Commercial Marketing,&nbsp;Alysa Taylor, shared insights into the company&#8217;s evolving AI strategy and cloud initiatives, highlighting <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38952884/microsoft-unveils-ai-strategy-updates-touts-fit-to-purpose-models-plans-to-expand-a">Microsoft&#8217;s commitment to AI</a> across its entire cloud stack.
Meanwhile, at the Build developer conference, Microsoft introduced new AI-powered features, including a new iteration of its small language models,&nbsp;Phi-3-vision, which focuses on visual reasoning. The company also launched&nbsp;Team Copilot, an AI assistant designed to enhance workplace collaboration, as part of its broader strategy to integrate AI across its product line.
As of now, Microsoft stands as the largest single investor in OpenAI, <a href="https://www.benzinga.com/news/24/05/38582364/microsofts-fear-of-googles-ai-dominance-led-to-openai-investment-internal-email-reveals-were-multipl">having invested more than $13 billion</a> into the organization. It was previously reported, that the investment decision by the Nadella-led company was driven by&nbsp;<a href="https://www.benzinga.com/news/24/04/38474688/goodbye-google-gemini-apple-in-talks-with-microsoft-backed-openai-for-iphone-ai-features-report" target="_blank" rel="noreferrer noopener">concerns about falling behind</a>&nbsp;Google in terms of AI capabilities, 
Read Next: <a href="https://www.benzinga.com/news/24/05/38932189/elon-musk-says-understandable-disney-advertises-on-mark-zuckerbergs-meta-but-questions-why-others-ar?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says &#8216;Understandable&#8217; Disney Advertises On Mark Zuckerberg&#8217;s Meta But Questions Why Others Are Going Down The Same Path</a>
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

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Microsoft Not In Control Of Its AI Destiny Like Google And Meta, Says Gene Munster: Satya Nadella-Led Company's 'Future Is In The Hands Of OpenAI'

The first Neuralink patient has passed the 100-day milestone since the Elon Musk founded company's chip was implanted <a href="https://www.benzinga.com/news/24/05/38720669/elon-musk-touts-successful-100-days-of-first-neuralink-implant-even-as-company-admits-malfunction-th">in his brain.</a>
Noland Arbaugh is now ready to begin earning money or raising money as his story grows in popularity.
What Happened: Arbaugh, who was previously the anonymous Neuralink patient, is now publicly known and has done a <a href="https://www.benzinga.com/news/24/05/38873201/elon-musks-neuralink-patient-noland-arbaugh-shares-his-journey-from-paralysis-to-cyborg-once-you-get">series of interviews</a> with Bloomberg, "Good Morning America," and several social media influencers.
The 30-year-old has shared details of his accident and spinal cord injury and how Neuralink has supported his everyday life for the better.
"Once you get a taste for using it, you just can't stop. It blows my mind so much," Arbaugh recently said.
Now able to play games, shop, select audiobooks and do more activities, Arbaugh is ready to take the next step.
"I would like to find some way to provide for myself long-term, build a house for me and my family if I can, and not be a burden on those around me any longer," Arbaugh <a href="https://x.com/ModdedQuad/status/1791330286623662201">tweeted</a>.
The tweet included a poll with several choices, with the following results at the time of writing.
Monetize Accounts: 17.7%
Streaming: 22.0%
GoFundMe: 4.2%
All of the Above: 56.1%
Musk chimed in with a response of "all" before adding that he recommends the "first two first."
Arbaugh has around 94,000 followers on X, formerly known as Twitter. With the Neuralink device, Arbaugh is able to play games like chess and "Civilization VI" which could open up streaming opportunities for him.
Related Link: <a href="https://www.benzinga.com/news/24/05/38889730/elon-musks-neuralink-seeks-second-participant-for-brain-implant-trial-says-it-allows-you-to-control">Elon Musk&#8217;s Neuralink Seeks Second Participant For Brain Implant Trial, Says It &#8216;Allows You To Control Your Phone And Computer Just By Thinking&#8217;</a>
Why It's Important: Due to his condition, Arbaugh was not able to get a job previously and the results of the poll and follow-up could become a strong case study for Neuralink.
"I can control a computer just like anyone else can, which is not something I was able to do beforehand," Arbaugh <a href="https://abcnews.go.com/GMA/Wellness/neuralinks-brain-implant-patient-feared-device-removed/story?id=110325322">told </a>"Good Morning America."
Neuralink was recently approved by the FDA for a second human brain chip implant according to a <a href="https://www.benzinga.com/news/24/05/38920514/elon-musks-neuralink-receives-fda-approval-for-second-human-brain-chip-implant-report">report</a>. The company is hoping to implant the second patient in June from 100 qualifying candidates selected.
The company plans to implant 10 patients this year. Neuralink also plans to seek regulatory approval in new markets including Canada and the United Kingdom in the future.
Photo courtesy: Shutterstock
Read Next: <a href="https://www.benzinga.com/news/23/08/33648098/elon-musk-backed-brain-chip-company-neuralink-gets-280-million-in-funding-from-peter-thiel-backed-fu">Elon Musk-Backed Brain Chip Company Neuralink Gets $280 Million In Funding From Peter Thiel-Backed Fund</a>

Neuralink Patient Looks To Monetize Himself On Social Media, Gets Elon Musk's Support For Streaming, Raising Money Through X

The cryptocurrency market's bull run decelerated Tuesday, while an optimistic countdown to Ethereum spot ETF and former president Donald Trump's pro-crypto moves kept investors' hopes high.  
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-1.72%</td>
<td>$70,157.46</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>+2.71%</td>
<td>$3,791.03</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>+3.80%</td>
<td>$0.1724</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Ethereum, the second-largest cryptocurrency, bounced above $3,800 during the day, maintaining the positive momentum spurred by spot ETF approval rumors. Bitcoin corrected on profit-taking by investors, dipping below $71,000.
Ethereum's Open Interest rose further 3.35% to break past $15 billion, a new all-time high.&nbsp;
Liquidations worth $171 million were witnessed in the last 24 hours, with nearly equal amounts of longs and shorts getting wiped out. Ethereum led the chart with more than $57 million in liquidations.
The deceleration impacted derivatives traders' sentiments, as positions longing Ethereum and Bitcoin dropped in comparison to shorts over the last 24 hours.
A report predicted an <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38948712/sec-could-approve-spot-ethereum-etf-this-week-report">Ether spot ETF approval by the SEC</a> this week, sustaining the high optimism in the market regarding the pivotal event. Alongside, Donald Trump<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38952866/trump-accepts-cryptocurrency-donations-in-bitcoin-ethereum-shiba-inu-dogecoin-and-more-say"> kept his promise of accepting cryptocurrencies</a> for his election campaign donations, becoming the first major party campaign to adopt this strategy.
Top Gainer (24 Hour)
<figure class="wp-block-table"> 
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<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Pepe (PEPE)</td>
<td>+24.47%</td>
<td>$0.00001398</td>
</tr>
<tr>
<td>Floki (FLOKI)</td>
<td>+10.70%</td>
<td>$0.0002373</td>
</tr>
<tr>
<td>Lido DAO (LDO)</td>
<td>+6.48%</td>
<td>$2.21</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market cap stands at $2.6 trillion, following a 0.43% decrease in the last 24 hours.
The stock market edged higher Tuesday, with record-breaking rallies for Nasdaq Composite and the S&amp;P 500. The tech-focused Nasdaq Composite added 37.75 points, or 0.22%, to end at 16,832.62. The S&amp;P 500 gained 0.25% during the regular session to 5,321.41. The Dow Jones Industrial Average ended 0.17% higher at 39,872.99.
Bullish prospects for NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) earnings report due Wednesday were catalyzing the markets, as analysts expected strong gains for the AI-based company.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: According to on-chain analytics firm Santiment, crowd sentiment toward Ethereum was euphoric, with positive commentary on social media outweighing negative talk.
That said, despite Bitcoin's climb to $70,000, investors were bearish on the King Crypto.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4ca; <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> is seeing the most <a href="https://twitter.com/hashtag/bullish?src=hash&amp;ref_src=twsrc%5Etfw">#bullish</a> crowd sentiment since September with the <a href="https://twitter.com/hashtag/SEC?src=hash&amp;ref_src=twsrc%5Etfw">#SEC</a> likely to approve the first <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw">#ETF</a>&#39;s, and <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>&#39;s price surge. Meanwhile, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> &amp; <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw">#Solana</a> sentiment is slightly <a href="https://twitter.com/hashtag/bearish?src=hash&amp;ref_src=twsrc%5Etfw">#bearish</a>. The assets being slept on may be worth a look. <a href="https://t.co/GnFARqZK9O">https://t.co/GnFARqZK9O</a> <a href="https://t.co/kBZztgnTed">pic.twitter.com/kBZztgnTed</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1793087138919288978?ref_src=twsrc%5Etfw">May 22, 2024</a></blockquote>
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Popular cryptocurrency analyst Ali Martinez, however, raised the chances of a Bitcoin rebound following a buy signal on the TD Sequential indicator.&nbsp;&nbsp;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The TD Sequential has accurately predicted <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> price action on the one-hour chart. Now, it presents a buy signal, anticipating <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> will rebound! <a href="https://t.co/6ImRkREPVW">pic.twitter.com/6ImRkREPVW</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1793037426132238609?ref_src=twsrc%5Etfw">May 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Photo by Fernando Cortes on Shutterstock
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38949950/bitcoin-could-approach-80-000-by-june-10x-research">Bitcoin Could Approach $80,000 By June: 10x Research</a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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NVDA

Bitcoin Retraces, Ethereum, Dogecoin Inch Higher As Market Positions For Ether Spot ETF Approvals: Analyst Says This Indicator Flashing A 'Buy Signal' On King Crypto In Anticipation Of Rebound

On Tuesday, major U.S. indices finished the trading session in positive territory. The Dow Jones Industrial Average rose nearly 0.2%, closing at 39,872.99, while the S&amp;P 500 increased by 0.25%, ending at 5,321.41. The Nasdaq also closed higher, gaining almost 0.2% to reach 16,832.62.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
NVIDIA Corporation&#8217;s stock closed at $953.86, up 0.64% for the day, after hitting an intraday high of $954 and a low of $931.8. The 52-week high and low for the stock are $974 and $298.06 respectively. Analysts anticipate <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38928987/nvidia-q1-earnings-preview-analysts-anticipate-strong-results-top-ai-stock-best-sec">strong results</a> from NVIDIA&#8217;s first-quarter earnings, with an expected revenue of $24.60 billion.
MGO Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>)
MGO Global Inc. saw its stock soar by a staggering 443.71% to close at $1.25. The stock hit an intraday high of $1.49 and a low of $0.55. The 52-week high and low for the stock are $3.25 and $0.19 respectively. The company reported a year-over-year increase in its <a href="https://www.benzinga.com/news/earnings/24/05/38946836/mgo-global-stock-soars-on-q1-results-heres-why">first-quarter financial results</a>, with total revenues climbing 1385% to $670,264, primarily due to the launch of the company's Stand Flagpole line of products.
Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>)
See Also: <a href="https://www.benzinga.com/tech/24/05/38919616/apples-groundbreaking-iphone-16-could-spark-another-stock-surge-building-on-an-800-growth-over-the-l?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s Groundbreaking iPhone 16 Could Spark Another Stock Surge Building On An 800% Growth Over The Last</a>
Toll Brothers, Inc. saw a slight decrease in its stock, closing at $130.22, down 0.64%. The stock hit an intraday high of $131 and a low of $129.29. The 52-week high and low for the stock are $135.37 and $63.34 respectively. Analysts <a href="https://www.benzinga.com/news/earnings/24/05/38942425/toll-brothers-gears-up-for-q2-print-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings">expect the company</a> to report second-quarter earnings at $4.14 per share, up from $2.85 per share in the year-ago period.
Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>)
Target Corporation&#8217;s stock closed at $155.78, down 0.59% for the day. The stock hit an intraday high of $156.84 and a low of $154.65. The 52-week high and low for the stock are $181.86 and $102.93 respectively. Analysts expect the retail giant to report <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38946929/target-q1-earnings-preview-could-price-cuts-overshadow-results-competitive-dynamics">first-quarter revenue</a> of $24.51 billion.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla Inc.&#8217;s shares closed at $186.6, up 6.66% for the day, after hitting an intraday high of $186.88 and a low of $174.71. The 52-week high and low for the stock are $299.29 and $138.8 respectively. The EV maker increased its <a href="https://www.benzinga.com/news/24/05/38948394/tesla-stock-is-rallying-tuesday-whats-going-on">72-month loan rate</a> in the U.S. from 0.99% to 1.99%.
Photo by Phongphan on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38910906/bitcoin-dogecoin-ethereum-retrace-on-profit-taking-by-retail-investors-analyst-predicts-pa?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Dogecoin, Ethereum Retrace On Profit-Taking By Retail Investors: Analyst Predicts Parabolic Rise</a>
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Nvidia, MGO Global, Toll Brothers, Target, Tesla: Why These 5 Stocks Are On Investors' Radars Today

As&nbsp;Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) prepares to release its <a href="https://www.benzinga.com/quote/NVDA/earnings">first-quarter earnings</a> on Wednesday, a wealth manager has expressed skepticism about the stock&#8217;s potential for growth, while Wedbush analyst Dan Ives holds a contrasting view.
What Happened: On CNBC&#8217;s&nbsp;Last Call on Tuesday,&nbsp;Ross Gerber, CEO of&nbsp;Gerber Kawasaki Wealth and Investment Management, stated that Nvidia&#8217;s stock is &#8220;fully valued at the current&nbsp;price,&#8221; and he believes that the stock may struggle to rise in the short term, despite meeting or exceeding expectations.
However,&nbsp;Ives holds a different opinion and strongly disagrees&nbsp;with Gerber&#8217;s assessment, stating,&nbsp;&#8220;We strongly disagree with @GerberKawasaki&nbsp;take on Nvidia…this just the&nbsp;start of AI Revolution as&nbsp;we expect to see tomorrow&nbsp;night.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38930938/elon-musk-suggests-shifting-consumer-desktops-to-linux-as-satya-nadella-promotes-microsofts-new-wind?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Suggests Shifting &#8216;Consumer Desktops To Linux&#8217; As Satya Nadella Promotes Microsoft&#8217;s New Windows AI Feature &#8216;Recall&#8217; With Photographic Memory</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We strongly disagree with <a href="https://twitter.com/GerberKawasaki?ref_src=twsrc%5Etfw">@GerberKawasaki</a> take on Nvidia…this just the start of AI Revolution as we expect to see tomorrow night <a href="https://twitter.com/LastCallCNBC?ref_src=twsrc%5Etfw">@LastCallCNBC</a> &#x1f37f;&#x1f447; <a href="https://t.co/Gu71Q3uQuu">https://t.co/Gu71Q3uQuu</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1793065273068589136?ref_src=twsrc%5Etfw">May 21, 2024</a></blockquote>
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Why It Matters: Nvidia is anticipated by <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38928987/nvidia-q1-earnings-preview-analysts-anticipate-strong-results-top-ai-stock-best-sec">analysts to announce a first-quarter revenue</a> totaling $24.60 billion, according to&nbsp;<a href="https://pro.benzinga.com/feature/newsfeed/?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=tdEE0VrK8Jeg&amp;ref=lukejacobi5348" target="_blank" rel="noreferrer noopener">data from Benzinga Pro.</a> In the first quarter, analysts foresee Nvidia posting earnings per share of $5.58, a significant increase from $1.09 per share in the same period last year. Nvidia has surpassed analysts&#8217; earnings per share predictions in the past five consecutive quarters and eight of the last 10 quarters.
Traders are also bracing for a significant shift in Nvidia&#8217;s stock price following the earnings report, with options markets indicating an expected 8.7% swing in the stock, as per&nbsp;Benzinga. This could result in a market cap fluctuation of $200 billion, surpassing the market cap of about 90% of S&amp;P 500 companies.
NVDA Price Action: Nvidia shares ended Tuesday&#8217;s regular session 0.64% higher at $953.86. The shares were largely unchanged in the after-hours trading.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/38909116/openais-new-model-gpt-4o-elon-musks-high-regard-for-ilya-sutskever-and-microsofts-china-move-this-we?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s New Model GPT-4o, Elon Musk&#8217;s High Regard For Ilya Sutskever And Microsoft&#8217;s China Move: This Week In Artificial Intelligence</a>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Nvidia Stock 'Fully Valued' According To Ross Gerber — Wedbush Analyst Dan Ives Says 'We Strongly Disagree'

Rep. Jasmine Crockett (D-Texas) has applied for a trademark for the phrase &#8220;bleach blonde bad built butch body,&#8221; which she used in a contentious exchange with Rep. Marjorie Taylor Greene (R-Ga.).
What Happened: Rep. Crockett&#8217;s campaign filed a trademark application for the phrase with the U.S. Patent and Trademark Office. The phrase was first used by Crockett during a House Oversight and Accountability Committee hearing last week, targeting Rep. Greene, <a href="https://thehill.com/blogs/in-the-know/4677117-jasmine-crockett-trademark-bleach-blonde-bad-built-butch-body-marjorie-taylor-greene/">reported</a> The Hill.
The application suggests that the phrase will be used on various clothing items and accessories, including hats, hoodies, socks, and T-shirts.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/05/38931874/trump-campaign-threatens-legal-action-over-controversial-new-biopic-about-ex-president-that?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Campaign Threatens Legal Action Over Controversial New Biopic About Ex-President That Received 8-Minute Ovation At Cannes: &#8216;Pure Malicious Defamation&#8217;</a>
Why It Matters: This trademark application is the latest chapter in an ongoing feud between the two representatives. The dispute began when Greene made a <a href="https://www.benzinga.com/news/24/05/38907900/marjorie-taylor-greene-accused-of-racist-behavior-by-jasmine-crockett-over-fake-eyelashes-comment">derogatory comment</a> about Crockett&#8217;s physical appearance during a hearing, leading to a heated exchange. Crockett later accused Greene of racist behavior.
In response to the confrontation, Crockett launched the &#8220;<a href="https://www.benzinga.com/news/24/05/38910889/fiery-exchange-with-marjorie-taylor-greene-prompts-jasmine-crockett-to-launch-clapback-t-shirt-colle">Crockett Clapback Collection</a>,&#8221; a line of merchandise including a T-shirt featuring the controversial phrase.
Greene, in turn, <a href="https://www.benzinga.com/news/24/05/38930469/marjorie-taylor-greene-posts-workout-video-in-comeback-against-crocketts-clapback-apparel-my-body-is">posted a workout video</a> defending her physique and lifestyle. The trademark application for the phrase used in this feud signifies an escalation in this ongoing political drama.
Photo by Aaron of L.A. Photography on Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/05/38908073/trump-vs-biden-poll-reveals-surprise-preference-for-one-candidate-over-other-when-it-comes-to-econom?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs Biden: Poll Reveals Surprise Preference For One Candidate Over Other When It Comes To Economy</a>
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Politics

General

Marjorie Taylor Greene And Jasmine Crockett Feud Continues To Brew — Texas Rep Applies To Trademark 'Bleach Blonde Bad Built Butch Body'

Serial entrepreneur and Tesla CEO Elon Musk expressed his sorrow over the <a href="https://www.benzinga.com/general/restaurants/24/05/38924081/bye-bye-biscuits-red-lobster-files-for-chapter-11-bankruptcy-protection">bankruptcy filing</a> of the popular seafood chain, Red Lobster.
What Happened: Red Lobster has filed for Chapter 11 bankruptcy. This news follows the company&#8217;s announcement last week about its plans to shutter over 50 branches nationwide, <a href="https://www.businessinsider.com/elon-musk-mourning-loss-red-lobster-2024-5">reported</a> Business Insider.
Musk, known for his fondness for the restaurant, expressed his regret over the news. &#8220;Too bad (sigh). I have some fond memories from a long time ago of eating at Red Lobster,&#8221; he shared in a recent post on X, formerly Twitter.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Too bad (sigh). I have some fond memories from a long time ago of eating at Red Lobster.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1792630338419597538?ref_src=twsrc%5Etfw">May 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Red Lobster, famous for its &#8220;Ultimate Endless Shrimp&#8221; promotion, has been struggling financially. The decision to make this promotion a permanent fixture on their menu led to significant operational losses.
Despite hiking the price of the promotion, the company&#8217;s financial troubles continued. The bankruptcy filing comes amidst a challenging period for the food and beverage sector, which is grappling with escalating costs and a rapidly evolving consumer landscape.
See Also: <a href="https://www.benzinga.com/top-stories/24/05/38920503/tesla-starts-releasing-self-driving-update-that-allows-drivers-to-keep-hands-off-wheel?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Starts Releasing Self-Driving Update That Allows Drivers To Keep Hands Off Wheel</a>
Why It Matters: Red Lobster filed for Chapter 11 bankruptcy protection to reduce its number of locations and seek a buyer, citing significant debt and long-term leases. Red Lobster closed 93 locations and plans to reject 108 leases, aiming to restructure under new CEO Jonathan Tibus amid a challenging macroeconomic environment, according to a prior report.
Musk&#8217;s lament over Red Lobster&#8217;s bankruptcy is not surprising given his known preference for <a href="https://www.benzinga.com/news/23/07/33439525/elon-musk-eats-a-donut-every-morning-despite-being-raised-by-a-dietician-id-rather-eat-tasty-food-an">indulgent food</a>. As reported by Benzinga in 2023, Musk confessed to eating a donut every morning, despite being raised by a dietician. &#8220;I&#8217;d rather eat tasty food and live a shorter life,&#8221; Musk had stated.
This is not Musk&#8217;s first encounter with the food industry. In 2024, a restaurant owner <a href="https://www.benzinga.com/news/24/02/37126361/tesla-chicken-pizza-vs-elon-musk-how-a-lengthy-legal-dispute-ended">lost a lengthy legal dispute</a> with Musk&#8217;s Tesla over the trademark &#8220;Tesla Chicken &amp; Pizza.&#8221; 
Photo courtesy: Shutterstock
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38910114/elon-musk-counts-amazing-president-joe-biden-among-tesla-naysayers-who-wish-to-see-the-ev-maker-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Counts &#8216;Amazing&#8217; President Joe Biden Among Tesla &#8216;Naysayers&#8217; Who Wish To See The EV Maker Go Bankrupt</a>
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Restaurants

Elon Musk Has 'Fond Memories' From Red Lobster, Expresses Sorrow At Seafood Chain's Bankruptcy News

More classified documents have been discovered in former President Donald Trump&#8217;s Mar-a-Lago bedroom following an FBI search, court records filed Tuesday reveal.
What Happened: Additional classified records were found in Donald Trump&#8216;s Mar-a-Lago bedroom after an FBI search of his Florida estate. The detail emerged in court filings related to a separate legal battle as Trump seeks to have his indictment dismissed for prosecutorial misconduct, <a href="https://thehill.com/homenews/administration/4677841-additional-classified-records-found-in-trumps-bedroom-after-mar-a-lago-search/">reported</a> The Hill.
The filings, unsealed for the first time, include a decision from Judge Beryl Howell, who indicated that Trump was subpoenaed again in January 2023. His attorneys later handed over a "mostly empty folder marked ‘Classified Evening Summary.'" Howell expressed disbelief at Trump&#8217;s lack of awareness of the classified records in his home well after the August 2022 search.
"Notably, no excuse is provided as to how the former president could miss the classified-marked documents found in his own bedroom at Mar-a-Lago," Howell wrote. The case has revealed classified records in various locations, alarming prosecutors, including a ballroom stage and a bathroom.
The newly unsealed opinion follows special counsel Jack Smith&#8216;s push to secure further testimony from Trump attorney Evan Corcoran and 88 pages of his records. Howell reviewed Trump&#8217;s legal culpability, including obstruction of justice charges for willfully retaining classified records.
She noted Trump&#8217;s role in concealing information from his attorney and encouraging co-defendant Walt Nauta to return storage room boxes without being caught on camera. The DOJ accused Trump of ordering footage deletion in a superseding indictment, one of 41 counts he faced.
Howell also explained her rationale for lifting attorney-client privilege, noting "the crime-fraud exception pierces the attorney-client privilege even when the attorney is an unknowing tool of his client." The opinion was shared as an exhibit by Trump's legal team, seemingly favoring Smith&#8217;s position.
The matter is now before Judge Aileen Cannon, who is weighing this motion and others asking to dismiss the case. She has indefinitely delayed Trump's trial, refusing to set a new trial date while needing more time to consider the motions.
See Also: <a href="https://www.benzinga.com/news/24/05/38907865/donald-trump-issues-eyebrow-raising-demand-ahead-of-proposed-debates-with-joe-biden-i-just-wanna-deb?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump Issues Eyebrow-Raising Demand Ahead Of Proposed Debates With Joe Biden: &#8216;I Just Wanna Debate This Guy, But …&#8217;</a>
Why It Matters: The discovery of additional classified documents in Trump&#8217;s Mar-a-Lago bedroom adds another layer to the ongoing investigation into his handling of sensitive materials. This follows reports that two of Trump&#8217;s employees moved <a href="https://www.benzinga.com/news/23/05/32588321/trumps-staff-reportedly-moved-boxes-of-papers-a-day-before-fbi-came-knocking-on-mar-a-lagos-doors">boxes of papers</a> just before an FBI visit in June 2022, raising suspicions of potential obstruction.
Earlier this year, it was revealed that FBI agents and Justice Department prosecutors had disagreements over how to recover documents from Mar-a-Lago. Some agents preferred a more <a href="https://www.benzinga.com/news/23/03/31150667/trump-handled-by-fbi-with-kid-gloves-says-former-agent-as-report-of-mar-a-lago-raid-squabbles-unrave">cautious approach</a>, seeking Trump&#8217;s permission for the search instead of conducting a surprise raid.
Most recently, a federal judge <a href="https://www.benzinga.com/general/politics/24/05/38686173/federal-judge-indefinitely-postpones-donald-trumps-classified-documents-trial">indefinitely postponed</a> Trump&#8217;s trial regarding the classified documents, citing the need for more time to consider various motions. The trial was initially set to begin on May 20, 2024.
Photo Courtesy: Shutterstock.com
Read Next: <a href="https://www.benzinga.com/news/24/05/38909985/this-important-evidence-could-determine-donald-trumps-fate-in-his-hush-money-trial?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">This Important Evidence Could Determine Donald Trump&#8217;s Fate In His Hush-Money Trial</a>
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 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
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Entertainment

5 Things That Show Japan's Unreal Obsession With Being On Time

Editor&#8217;s note: This story has been updated with comment from an Amazon spokesperson. 
NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares are falling in early trading Tuesday following a report suggesting Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) halted orders of the company&#8217;s &#8220;superchip&#8221; in order to <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38938354/exclusive-investing-in-ai-diversify-beyond-the-likes-of-nvidia-says-wisdomtrees-cio">wait for updated models</a>.
What To Know: According to a Financial Times <a href="https://www.ft.com/content/75ac7f61-071a-437c-a35e-09f968c6a568">report</a>, Amazon&#8217;s cloud computing business has stopped ordering Nvidia&#8217;s most advanced superchip as the company plans to wait for more powerful models that were introduced this year.
Nvidia released its <a href="https://www.benzinga.com/news/24/03/37827520/beyond-the-limits-of-physics-jensen-huang-says-nvidia-is-not-just-a-chipmaker-puts-2t-valuation-up-a">next-generation chip architecture</a> in March called Blackwell.&nbsp;<a href="https://www.benzinga.com/trading-ideas/24/03/37822130/nvidias-blackwell-gpus-set-new-standards-in-ai-computing-power-and-market-dominance-will-their-stoc" target="_blank" rel="noreferrer noopener">Blackwell GPUs</a>&nbsp;contain 208 billion transistors&nbsp;and are expected to cost somewhere between $30,000 and $40,000. Nvidia CEO Jensen Huang said the Blackwell chip will be twice as powerful as Nvidia&#8217;s Grace Hopper, which was released about a year earlier. 
Amazon Web Services reportedly told the Financial Times that the company has &#8220;fully transitioned&#8221; away from its previous orders for Hopper superchips and is now ordering Nvidia&#8217;s latest Grace offering, citing a small window of time <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38924492/nvidia-set-for-steady-gains-with-software-centric-shift-and-blackwell-transition-an">between the release of Hopper and Blackwell</a>.
UPDATE: "To be clear, AWS did not ‘halt' any orders from NVIDIA. In our close collaboration with NVIDIA, we jointly decided to move Project Ceiba from Hopper to Blackwell GPUs, which offer a leap forward in performance,&#8221; an Amazon spokesperson told Benzinga in a statement Tuesday afternoon. 
The report indicates that Nvidia declined to comment on the developments because of the quiet period it&#8217;s in ahead of its quarterly earnings report this week.
Most analysts expect Nvidia to continue to highlight enormous demand for its AI chips, but others like Citigroup have expressed concerns that there could be a bit of an &#8220;air pocket&#8221; in demand between Hopper and Blackwell. 
Morgan Stanley analysts also warned this week that there is some &#8220;anxiety&#8221; on Wall Street about a potential slowdown in demand ahead of the Blackwell rollout. 
Nvidia is due to report financial results for the first quarter after the market close on Wednesday. The company is expected to report earnings of $5.59 per share and revenue of $24.645 billion, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. 
Check This Out: <a href="https://www.benzinga.com/news/24/05/38941661/nvidias-leading-position-challenged-as-industry-giants-support-openais-new-developer-software">Nvidia&#8217;s Leading Position Challenged as Industry Giants Support OpenAI&#8217;s New Developer Software</a>
NVDA Price Action: Nvidia shares are up nearly 90% year-to-date. The stock was down 1.13% at $937.07 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Nvidia.

AMZN

Nvidia Stock Drops On Report Amazon Has 'Fully Transitioned' AI Chip Orders: The Details (UPDATED)

CYBR

CyberArk Reveals New Enhancements Across Its Identity Security Platform

The Underwriters have agreed to purchase, on a bought deal basis, 7.15 million common shares at a price of C$4.90&nbsp;per Common Share, for aggregate gross proceeds of approximately C$35.03&nbsp;million. 
&nbsp;

Offerings

SLSR

Solaris Resources Reports C$35M Common Share Bought Deal Offering

AOX for Non-Magnetic Applications is the Company&#39;s second patent in its technology portfolio. AOX adoption will ramp up through 2024 and will not have a material impact on Nortech&#39;s 2024 or 2025 financial results.

NSYS

Nortech Systems Receives New Patent For Active Optical Xtreme (AOX) Technology Platform

The CE Mark for the AlphaVac F1885&nbsp;System expands treatment options for healthcare professionals in the EU by offering a tool that helps reduce thrombus burden and improve right ventricular function in patients with PE.

ANGO

AngioDynamics Secures CE Mark Approval In Europe For AlphaVac F18⁸⁵ System

Alvotech tightened guidance&nbsp;for EBIDTA to&nbsp;$100&nbsp;-&nbsp;$150 million&nbsp;for the full year.

Guidance

ALVO

Alvotech Now Sees FY24 Revenue Of $400M-$500M, Est $318.575M

Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) has outperformed the market over the past 5 years by 34.81% on an annualized basis producing an average annual return of 48.46%. Currently, Marathon Digital Holdings has a market capitalization of $5.87 billion. 
Buying $1000 In MARA: If an investor had bought $1000 of MARA stock 5 years ago, it would be worth $7,164.43 today based on a price of $21.52 for MARA at the time of writing.
<h3>Marathon Digital Holdings's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716327040_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MARA

Here's How Much $1000 Invested In Marathon Digital Holdings 5 Years Ago Would Be Worth Today

Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) has outperformed the market over the past 20 years by 3.07% on an annualized basis producing an average annual return of 11.12%. Currently, Gilead Sciences has a market capitalization of $83.82 billion. 
Buying $100 In GILD: If an investor had bought $100 of GILD stock 20 years ago, it would be worth $819.24 today based on a price of $67.28 for GILD at the time of writing.
<h3>Gilead Sciences's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716327035_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

GILD

$100 Invested In This Stock 20 Years Ago Would Be Worth $800 Today

These appointments were made, and became effective, as of May 15, 2024. All of these new executives will be based in Washington, D.C. As previously announced, Brenda J. Battey, Executive Vice President and Chief Financial Officer will retire by the end of the&nbsp;second quarter.