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Galaxy Digital, led by Bitcoin bull Mike Novogratz, has tokenized a $9 million antique Stradivarius violin into an NFT for use as loan collateral. The NFT, created on the Ethereum blockchain, will not be available on the secondary market.

Portfolio Pulse from Aniket Verma

June 06, 2024 | 8:42 am

NVDA

Nvidia Corp. (NASDAQ: NVDA) briefly surpassed a $3 trillion market cap, sparking debate about its true value. NYU Professor Aswath Damodaran believes Nvidia is overvalued but acknowledges its potential to reach $3 trillion. Nvidia's stock has surged over 54% since mid-2023, and the company will undergo a 10-for-1 stock split on Friday.

Portfolio Pulse from Shanthi Rexaline

June 06, 2024 | 8:23 am

ETHUSD

SHIBUSD

Shiba Inu's lead developer, Shytoshi Kusama, hinted at massive plans for the ecosystem in response to Ethereum creator Vitalik Buterin's skepticism of celebrity memecoins. Kusama emphasized that Shiba Inu aims to achieve long-term goals and hinted at potential partnerships and investments. The ecosystem's decentralized exchange, ShibaSwap, was recently launched on its layer-2 network, Shibarium.

Portfolio Pulse from Aniket Verma

June 06, 2024 | 7:17 am

BTDR

Bitdeer announced a significant decline in Bitcoin mining output for May 2024, with a 35.7% drop compared to May 2023 and a 30.6% drop compared to April 2024. This decline is attributed to the Bitcoin 'halving' event in April 2024. The company continues to convert mined cryptocurrencies into fiat currency.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 6:57 am

OLK

Olink has launched Target 48 Immune Surveillance, a new product aimed at setting new standards in immune biomarker profiling.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 6:47 am

GAUZ

Gauzy has priced its $75 million initial public offering of 4,411,765 ordinary shares at $17 per share. The shares will begin trading on the Nasdaq Global Market under the symbol 'GAUZ' on June 6, 2024. The offering is expected to close on June 7, 2024, subject to customary conditions. Proceeds will be used for production expansion, R&D, marketing, and other corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 6:38 am

NVDA

TSLA

Tesla CEO Elon Musk defended his decision to redirect Nvidia chips from Tesla to his other ventures, X and xAI, citing space and power constraints at Tesla's existing facilities. Investor Ross Gerber criticized the move, calling it 'weird.' Musk emphasized the need for significant power and cooling for GPU installations and highlighted ongoing construction at the Texas gigafactory to accommodate future AI compute needs.

Portfolio Pulse from Anan Ashraf

June 06, 2024 | 6:04 am

AMD

ARM

INTC

NVDA

QCOM

Tech investor Paul Meeks predicts that Nvidia will maintain its dominance in the AI chip market, despite competition from AMD, Intel, Qualcomm, and Arm Holdings. Nvidia announced its next-generation AI chips, including the Rubin GPU and Vera CPU, at the Computex tech conference. AMD also unveiled new accelerators, while Meeks expressed skepticism about Intel's AI claims.

Portfolio Pulse from Ananya Gairola

June 06, 2024 | 4:50 am

BTCUSD

ETHUSD

VanEck

VanEck has updated its Ethereum price prediction for 2030 to $22,000, citing the potential of Ether ETFs, Ethereum’s scaling progress, and on-chain data analysis. The firm is seeking approval to list a spot Ether ETF and anticipates significant inflows once approved.

Portfolio Pulse from Aniket Verma

June 06, 2024 | 4:34 am

LULU

META

NVDA

TSLA

TSM

On Wednesday, the U.S. stock market saw gains with the Dow Jones, S&P 500, and Nasdaq all rising. Key stocks that gained attention included Nvidia, Meta, Taiwan Semiconductor, Lululemon, and Tesla. Nvidia reached a $3 trillion market cap, Meta faced scrutiny over acquisitions, Taiwan Semiconductor benefited from compliance with U.S. sanctions, Lululemon beat revenue estimates, and Tesla's FSD updates frustrated some subscribers.

Portfolio Pulse from Benzinga Neuro

June 06, 2024 | 2:33 am