Streetbeat News

Corporate Responsibility

NVDA

Nvidia, under CEO Jensen Huang, is experiencing unprecedented market growth, with a projected market valuation of $4-$5 trillion by 2025. The company executed a 10-1 stock split and has seen a 19% increase in June, leading to a year-to-date growth of 165%. Nvidia continues to lead in AI chip technology and is making strides in quantum computing.

Portfolio Pulse from Zaheer Anwari

June 14, 2024 | 4:06 pm

TSLA

Tesla Inc. (NASDAQ: TSLA) shareholders have overwhelmingly approved Elon Musk's $56 billion pay compensation package, with 77% of votes in favor. Analysts from Cantor Fitzgerald and Wedbush have shared positive outlooks on Tesla's future, particularly in autonomous technology and new vehicle launches. The approval removes a significant overhang on Tesla shares and solidifies Musk's commitment to the company's long-term growth.

Portfolio Pulse from Chris Katje

June 14, 2024 | 3:58 pm

MSTR

MicroStrategy (NASDAQ:MSTR) has increased its convertible senior notes offering to $700 million from the previously planned $500 million. The notes, due in 2032, will be sold to institutional investors and bear an interest rate of 2.25% per annum. The company plans to use the proceeds primarily to acquire more Bitcoin and for general corporate purposes.

Portfolio Pulse from Murtuza Merchant

June 14, 2024 | 3:37 pm

FDIS

TSLA

XLY

Vanguard's vote was crucial in passing Elon Musk's $56 billion compensation package at Tesla's recent shareholder meeting. Despite initial opposition, Vanguard's support was swayed by Tesla's exceptional performance and shareholder value creation. The approval does not conclude ongoing legal challenges, and Vanguard also backed Tesla's proposal to relocate its incorporation from Delaware to Texas.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 2:50 pm

GME

GameStop's (NYSE:GME) annual shareholder meeting faced a server crash due to high retail investor interest, leading to a rescheduling. The meeting, now set for June 17, coincides with 'National Take Your Cat To Work Day,' a holiday linked to Roaring Kitty (Keith Gill). The return of Roaring Kitty on social media has reignited investor interest, with Gill revealing he now holds 9,001,000 GameStop shares. GameStop shares were down 1.79% on Friday after a 14% rise on Thursday.

Portfolio Pulse from Chris Katje

June 14, 2024 | 2:26 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) has officially moved its incorporation from Delaware to Texas following a shareholder vote. This move aligns Tesla’s legal domicile with its physical headquarters in Austin, Texas. The decision follows a Delaware judge's dismissal of Elon Musk's $56 billion compensation package, which shareholders reapproved. Tesla aims to develop revolutionary technologies, including AI, and has achieved significant milestones in 2023.

Portfolio Pulse from Michael Cohen

June 14, 2024 | 2:22 pm

EQNR

EWU

Equinor has suspended the sale of its UK North Sea Rosebank project ahead of the upcoming UK elections. This decision could impact the company's strategic plans and market perception.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:01 pm

TSLA

Tesla has officially moved its incorporation to Texas following a vote by its investors. This move is part of Tesla's broader strategy to expand its operations and reduce costs.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:28 pm

TCNNF

Trulieve (OTC:TCNNF) has been fined $350,000 by the Massachusetts Cannabis Control Commission (CCC) for failing to comply with safety protocols, leading to the death of an employee in 2022. The company has also been sued for wrongful death and negligence by the employee's family.

Portfolio Pulse from Nina Zdinjak

June 14, 2024 | 1:11 pm

BOOM

DMC Global has commented on Steel Connect's recent unsolicited proposal. The board will consider this proposal as part of their ongoing review of strategic alternatives.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:03 pm