Direxion Daily NVDA Bull 2X Shares (NASDAQ: NVDU)

에 대한 최신 뉴스 Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)

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Direxion

The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of NVDA and financial instruments, such as swap agreements and options, that provide leveraged exposure to NVDA. The fund is non-diversified.

Direxion Daily NVDA Bull 1.5X Shares

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NVDU

엔비디아(NASDAQ:NVDA)의 주식이 금요일 0.8% 상승하여 138달러로 마감하며 시가총액이 3조 달러를 넘었다. 그러나 낙관적인 전문가들에 따르면 주가는 더 상승할 수 있다.

엔비디아의 주식은 지난 1년간 233% 이상 급등, 강세론자들은 더 높아질 수 있다고 주장

Direxion Daily NVDA Bull 2X Shares

<a href="https://www.benzinga.com/topic/dow-jones-industrial-average">Dow Jones Industrial Average</a> Index fell for the ninth consecutive day on Tuesday which is now one of its longest red streaks in decades.
What Happened: The index last saw such a streak of decline in February 1978, according to FactSet data. However, the index has seen steeper crashes in a single day as compared to the cumulative erosion it has witnessed over these nine days.
Dow Jones has fallen nearly 3.47% to 43,449.90 points over the last nine days since Dec. 4, when it was at 45,014.04 points.
According to an X post by the chief market strategist at Carson Research, Ryan Detrick, &#8220;Since 1900, I see 267 times it lost more than 3.47% in a single day.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Dow is down 3.47% the past 9 days (and lower all 9 of them). Since 1900, I see 267 times it lost more than 3.47% in a single day.
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1869205905780388184?ref_src=twsrc%5Etfw">December 18, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42527159/nvidia-technical-analysis-flashes-warning-as-nvda-stock-slips-below-key-moving-averages-but-analysts-still-see-18-11-upside-heres-more">Nvidia Technical Analysis Flashes Warning As NVDA Stock Slips Below Key Moving Averages, But Analysts Still See 18.11% Upside: Here&#8217;s More</a>
Why Is Dow Falling: The Dow Jones Industrial Average is a price-weighted index based on 30 U.S. stocks, which first started as an index of 12 industrial stocks. The index has been subject to criticism for its limited scope, particularly its underrepresentation of technology stocks, a sector that has exhibited substantial growth in recent times.
Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) moved to the Dow Jones index, <a href="https://www.benzinga.com/general/market-summary/24/11/41874537/nvidia-replaces-intel-on-dow-fineprint-of-what-led-to-the-change-along-with-stock-performance">replacing </a>Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) on Nov. 4, this year. Nvidia has split its stock two times in the past four years, the most recent of which was a 10-for-1 swap that took effect in June, which has made it easier for Dow to include the shares in its gauge.
This is because Dow&#8217;s price-weighted methodology is troublesome for technology companies that abstain from splits and have shares trading above $1,000.
A given percentage change in the price of a higher-priced stock has a greater impact on the price-weighted index&#8217;s value than does an equal percentage change in the price of a lower-priced stock. Put another way, higher-priced stocks have more weight in the calculation of a price-weighted index.
Thus, the investor preference for technology stocks lately could also be a reason for the fall in the Dow Jones.
"The DJIA hasn't reflected its original intent in decades. It is not really a reflection of industrial America," said Mitchell Goldberg, president of ClientFirst Strategies in a <a href="https://www.linkedin.com/feed/update/urn:li:activity:7274891748726693889/">LinkedIn post</a>. "Its losing streak is more of a reflection of how investors are gorging themselves on tech stocks."
See Also: <a href="https://www.benzinga.com/general/market-summary/24/11/41874537/nvidia-replaces-intel-on-dow-fineprint-of-what-led-to-the-change-along-with-stock-performance">As Nvidia Replaces Intel On S&amp;P Dow Jones Indices, Here&#8217;s A Comparison Of How Both Stocks Performed Over The Past Year</a>
Price Action: The Dow has gained 15.21% on a year-to-date basis, 11.88% in the last six months and just 0.14% over the last month.
The exchange-traded fund tracking the index, SPDR Dow Jones Industrial Average ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) grew by 15.51% on a year-to-date basis, 11.93% over the last six months and just 0.32% over the last month.
The losing streak comes as investors braced for the Federal Reserve&#8217;s interest rate decision due on Wednesday. While a 25-basis-point rate cut is largely expected, market participants are wary of potential signals from the Fed regarding a slowdown in the pace of future rate reductions in 2025.
However, despite the recent downturn, the blue-chip index has still managed to remain 1,500 points, or 3.5%, above its level on Election Day.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42528079/this-high-yield-dividend-etf-is-undergoing-a-harsh-reversal-signaling-bearish-trends-here-what-you-need-to-know">This High Yield Dividend ETF Is Signaling Bearish Trends: Is Trouble Brewing?</a></li>
</ul>

General

SPDR Dow Jones Industrial Average ETF Trust

INTC

Dow's Rare Nine-Day Decline Falls Behind 267 Single-Day Crashes Since 1900: Is Tech Shift To Blame?

Grammarly Inc.'s acquisition of Coda has received a thumbs-up from LinkedIn co-founder Reid Hoffman. The writing assistant company will now be led by the new CEO, Shishir Mehrotra.
What Happened: On Tuesday, Hoffman extended his congratulations to Mehrotra and the Coda team. He was a member of Coda's board.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Congrats to <a href="https://twitter.com/shishirmehrotra?ref_src=twsrc%5Etfw">@Shishirmehrotra</a> &amp; the <a href="https://twitter.com/coda_hq?ref_src=twsrc%5Etfw">@coda_hq</a> team on the acquisition by Grammarly! It&#39;s been an honor serving on Coda's board and working alongside an entrepreneur as thoughtful as Shishir. Excited to follow the next step in his journey as he takes on the role of Grammarly CEO!
&mdash; Reid Hoffman (@reidhoffman) <a href="https://twitter.com/reidhoffman/status/1869148203641450590?ref_src=twsrc%5Etfw">December 17, 2024</a></blockquote>
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Mehrotra separately also announced the acquisition on his blog.
He outlined a comprehensive roadmap for integrating the products, beginning with improving Grammarly&#8217;s AI assistant with Coda Brain&#8217;s context and merging Coda Docs with the Grammarly Assistant.
The long-term plans include intertwining the products to build an AI productivity platform for agents and apps.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Big exciting announcement: I'm excited to share that I've signed the agreement for <a href="https://twitter.com/Grammarly?ref_src=twsrc%5Etfw">@Grammarly</a> to acquire Coda! And I'm honored to lead the combined companies as CEO. I share much more details on how this came about in my blog post, but as I chatted with the leaders at Grammarly,… <a href="https://t.co/c3orghkfGL">pic.twitter.com/c3orghkfGL</a>
&mdash; Shishir (@shishirmehrotra) <a href="https://twitter.com/shishirmehrotra/status/1869063137196130677?ref_src=twsrc%5Etfw">December 17, 2024</a></blockquote>
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Established in 2009, Grammarly raised $200 million at a valuation of $13 billion in 2021. It has a user base of over 40 million daily active users. Meanwhile, Coda reached a <a href="https://www.forbes.com/sites/rashishrivastava/2021/07/08/all-in-one-doc-startup-coda-reaches-14-billion-valuation-in-100-million-raise-from-a-major-pension-fund/">valuation</a> of $1.4 billion after its Series D funding round in 2021.
Image via Flickr
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42500721/bitcoin-breaks-106k-ethereum-dogecoin-rally-ahead-of-key-fed-meet-but-top-analyst-triggers-anxiety-with-this-observation?itm_source=parsely-api">Bitcoin Breaks $106K, Ethereum, Dogecoin Rally Ahead Of Key Fed Meet But Top Analyst Triggers Anxiety With This Observation</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Grammarly Acquires Coda, Linkedin Co-Founder Reid Hoffman Applauds Move

Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) announced a $2 million donation to President-elect Donald Trump&#8216;s inaugural fund on Tuesday, marking the largest publically announced contribution among major tech firms. 
What Happened: The donation, double the amount pledged by Meta Platforms Inc., Amazon.com Inc., and OpenAI, comes amid broader tech sector alignment with Trump&#8217;s proposed regulatory approach.
Robinhood CEO Vlad Tenev criticized President Joe Biden&#8216;s administration&#8217;s &#8220;heavy-handed&#8221; regulatory stance, particularly regarding cryptocurrency and artificial intelligence. &#8220;There&#8217;s been open warfare against the cryptocurrency industry in America and a very anti-A.I. posture,&#8221; Tenev <a href="https://www.youtube.com/watch?v=ZmomZFeBysQ">told</a> FOX Business.
The announcement follows significant developments in tech-political relations, including SoftBank Group Corp.&#8216;s commitment to invest $100 billion in U.S. technology over the next four years. SoftBank CEO Masayoshi Son called Trump &#8220;a double down president&#8221; while announcing the <a href="https://www.benzinga.com/news/global/24/12/42513807/trump-says-softbanks-100b-commitment-to-us-is-monumental-demonstration-of-confidence-in-americas-future">investment at Mar-a-Lago</a>.
Robinhood reported a 500% month-over-month increase in crypto trading from October to November, highlighting the platform&#8217;s growth amid regulatory uncertainty. Tenev emphasized the need for &#8220;sensible regulation&#8221; to maintain U.S. leadership in financial innovation.
See Also: <a href="https://www.benzinga.com/24/12/42546621/elon-musk-agrees-as-satya-nadella-reflects-on-ais-global-impact-in-2024-from-cancer-research-to-rainforest-conservation-and-more">Elon Musk Agrees With Satya Nadella As Microsoft CEO Reflects On &#8216;Incredible Speed&#8217; Of AI Diffusion In 2024</a>
Why It Matters: The financial platform&#8217;s stance aligns with recent moves by other tech leaders. Apple Inc. CEO Tim Cook met with Trump at Mar-a-Lago, while Meta&#8217;s Mark Zuckerberg and Alphabet Inc.&#8216;s Sundar Pichai have also engaged with the president-elect.
Tesla Inc. CEO Elon Musk, set to co-lead the Department of Government Efficiency in Trump&#8217;s administration, has been a vocal supporter of regulatory reform that could benefit technology companies.
&#8220;The U.S. should embrace cryptocurrency and lead in this space, much like it does in artificial intelligence,&#8221; Tenev added, emphasizing the platform&#8217;s commitment to democratizing finance while maintaining regulatory compliance.
Price Action: Robinhood&#8217;s stock closed at $41.63 on Tuesday, down 3.63% for the day. In after-hours trading, the stock dipped slightly. Year-to-date, the stock has surged by 236.54%. 
The stock is trading near its 52-week high of $43.83, well above its 52-week low of $10.38. The company&#8217;s price-to-earnings ratio currently stands at 71.36, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/12/42546044/alex-karp-jokes-about-cult-label-as-stanley-druckenmiller-praises-his-book-after-palantir-soars-nearly-350-in-2024">Palantir&#8217;s Alex Karp Embraces &#8216;Cult&#8217; Status, Complains About The Missing Perks As Stock Soars 350%</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Politics

HOOD

Robinhood Outpaces Tech Giants Meta, Amazon With $2 Million Donation To Trump's Inaugural Fund: CEO Criticizes Biden's Crypto, AI Policies

Birkenstock Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) will release its fourth-quarter financial results, before the <a href="https://www.benzinga.com/quote/birk/earnings">opening bell, on Wednesday, Dec. 18.</a>
Analysts expect the UK-based retailer to report quarterly earnings at 26 cents per share, up from 13 cents per share in the year-ago period. Birkenstock projects quarterly revenue of $439.29 million, compared to $374.54 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Aug. 29, Birkenstock posted worse-than-expected third-quarter financial results.
Birkenstock shares gained 0.6% to close at $56.06 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings </a>page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/BIRK/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating with a price target of $70 on Dec. 13. This analyst has an accuracy rate of 61%.</li>
<li>UBS analyst Jay Sole maintained a Buy rating and cut the price target from $85 to $83 on Dec. 10. This analyst has an accuracy rate of 74%.</li>
<li>BTIG analyst Janine Stichter initiated coverage on the stock with a Buy rating and a price target of $60 on Oct. 10. This analyst has an accuracy rate of 73%.</li>
<li>BMO Capital analyst Simeon Siegel maintained an Outperform rating with a price target of $60 on Aug. 30. This analyst has an accuracy rate of 79%.</li>
<li>Evercore ISI Group analyst Michael Binetti maintained an Outperform rating and cut the price target from $77 to $70 on Aug. 30. This analyst has an accuracy rate of 65%.</li>
</ul>
Considering buying BIRK stock? Here&#8217;s what analysts think:
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42531171/top-2-utilities-stocks-that-could-sink-your-portfolio-this-quarter">Top 2 Utilities Stocks That Could Sink Your Portfolio This Quarter</a></li>
</ul>

Price Target

Pre-Market Outlook

Trading Ideas

BIRK

Birkenstock Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Comprehensive solution for clients required to disclose sustainability metrics and&nbsp;generate whitepapers as per EU MiCA regulation

Broadridge Expands ClearFi Platform Through Collaboration With CCRI, Adding Sustainability Metrics For Digital Assets

STWD

Reported Earlier, Starwood Property Trust Upsizes And Prices $500M Sustainability Bond Offering At 6.500% Due 2030

Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) has restarted production of all airplane programs previously halted by a machinists&#8217; strike in the Pacific Northwest.
What Happened:&nbsp;The company confirmed that it resumed production of its popular 737 MAX jetliner earlier in December, following the conclusion of a seven-week strike involving 33,000 factory workers, Reuters&nbsp;reported on Wednesday.
Production of wide-body aircraft, including the 767 and 777/777X models, has resumed in Everett, Washington.&nbsp;Boeing Commercial Airplanes&nbsp;CEO&nbsp;Stephanie Pope&nbsp;announced the resumption on social media, emphasizing the importance of ensuring that manufacturing employees are up-to-date with training and certifications. She also mentioned optimizing inventory levels for smooth production.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/24/12/42500224/elon-musks-mother-opens-up-about-his-friendship-with-barron-trump-bonded-over-out-of-this-world-exploration?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Mother Opens Up About His Friendship With Barron Trump: &#8216;Bonded Over Out-Of-This-World Exploration&#8217;</a>
Last week, Boeing reported delivering only 13 commercial jets in November, a significant drop from the 56 delivered in the same month the previous year. This decrease followed the production shutdown during the strike.
The Federal Aviation Administration (FAA) plans to increase oversight as production resumes, with FAA head Mike Whitaker expressing satisfaction with Boeing&#8217;s cautious restart. Whitaker had previously limited 737 MAX production due to safety concerns.
Why It Matters: The resumption of Boeing&#8217;s production comes amid a challenging period for the aerospace giant. In November, <a href="https://www.benzinga.com/general/travel/24/11/42014904/boeing-begins-layoffs-is-the-737-max-recovery-enough-to-lift-ba-stock">Boeing announced layoffs</a> affecting 17,000 employees, a move aimed at stabilizing its financial position.
These layoffs, representing 10% of the company&#8217;s global workforce, were part of a broader strategy to address financial difficulties, including inconsistent stock performance and production delays.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42516580/ionq-quantum-computing-and-rigetti-computing-shares-are-soaring-monday-whats-going-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">IonQ, Quantum Computing And Rigetti Computing Shares Are Soaring Monday: What&#8217;s Going On?</a></li>
</ul>
Photo via Shutterstock

Boeing Restarts 767, 777 Aircraft Production As Machinists Strike Ends After 7 Weeks

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) might need to undergo a costly and time-consuming update process to ward off the threat from quantum computing in the future, according to a Tuesday report that cited a study.
What Happened: The study, led by&nbsp;the University of Kent's School&nbsp;of Computing, estimated that a protocol update to protect Bitcoin from quantum computing threats would require taking the cryptocurrency offline for about 76 days provided 100% of the bandwidth is committed to the process, Forbes <a href="https://fortune.com/2024/12/17/bitcoin-downtime-update-quantum-computing-attack-study/">reported</a>.
However, if 25% of the bandwidth is allowed, which would allow users to continue mining and trading at a slower pace, the update would take nearly 305 days or 10 months.
See Also:&nbsp;<a href="https://www.benzinga.com/general/entertainment/24/12/42545829/mark-cuban-expresses-sympathy-for-hawk-tuah-girl-amid-meme-coin-controversy-wasnt-something-she-fully-understood">Mark Cuban Expresses Sympathy For &#8216;Hawk Tuah&#8217; Girl Amid Meme Coin Controversy: &#8216;Wasn&#8217;t Something She Fully Understood&#8217;</a>
In the scenario of 76 days of downtime, the update could cost around $912 million, the report estimated.
The more feasible 305-day downtime would lead to increased transaction fees and slower transaction confirmation times, leading to decreased market confidence.
The study found that Bitcoin had no other option but to replace the currently used cryptographic algorithm with the so-called "post-quantum" technology, which is immune to quantum attacks, and not doing so would be &#8220;devastating.&#8221;
Why It Matters: The increase in threat perception to Bitcoin&#8217;s encryption comes in the wake of Google&#8217;s new &#8220;Willow&#8221; quantum computing chip, which can <a href="https://www.benzinga.com/24/12/42455205/will-googles-new-willow-chip-break-bitcoin-some-dismiss-it-as-fantasy-while-others-flag-risk-that-isnt-immediate">perform computations in five minutes</a> that would take supercomputers 10 septillion years to complete. 
However, some experts believe that the threat to Bitcoin&#8217;s security is still a distant one. Himanshu Maradiya, the CEO of CIFDAQ, a blockchain ecosystem company, <a href="https://www.benzinga.com/markets/equities/24/12/42420845/googles-quantum-willow-chip-lightyears-from-cracking-bitcoin-expert">stated that the chip was &#8220;lightyears away</a>&#8221; from breaking Bitcoin&#8217;s security.
Well-known technologist Jameson Lopp had <a href="https://x.com/lopp/status/1854437031767687613">said </a>earlier that the inviolable properties of Bitcoin would eventually be violated.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42538067/bitcoin-president-nayib-bukele-sends-greetings-to-french-member-of-eu-parliament-calling-for-a-european-bitcoin-reserve">&#8216;Bitcoin President&#8217; Nayib Bukele Sends &#8216;Greetings&#8217; To French Member Of EU Parliament Calling For A European Bitcoin Reserve</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

$BTC

GOOGL

Bitcoin Could Require Over 300 Days Of Downtime To Prepare It For The Quantum Era, Shows Study Amid Google 'Willow' Chip Concern

Macro Economic Events

Econ #s

Economics

U.K. Producer Price Index (PPI) Input (MoM) For November 0.0% Vs. 0.2% Est.; 0.1% Prior

U.K. Consumer Prices Index Including Owner Occupiers' Housing Costs (YoY) For November 3.5% Vs. 3.2% (Revised) Prior

U.K. Consumer Price Index (YoY) For November 2.6% Vs. 2.6% Est.; 2.3% Prior

U.K. Consumer Price Index (MoM) For November 0.1% Vs. 0.1% Est.; 0.6% Prior

NWFL

Reported Earlier, Norwood Financial Prices $26M Public Offering Of 1M Common Shares At $26/Share

LAES

Reported Earlier, SEALSQ Prices Registered Offering Of 13.16M Shares At $1.90 Each, Raising $25M For Technology Innovation

<ul>
<li>China is the fourth major market where Kisunla has received approval&nbsp;</li>
<li>Kisunla was first approved in&nbsp;the United States&nbsp;in&nbsp;July 2024, approved in&nbsp;Japan&nbsp;in&nbsp;September 2024 and then in Great Britain in October 2024</li>
</ul>

Reported Earlier, China Approves Eli Lilly's Kisunla For Early Symptomatic Alzheimer's Disease, Following U.S., Japan, And Great Britain

On Tuesday, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Satya Nadella shared insights about the transformative impact of AI throughout 2024, with which Elon Musk agrees.
What Happened: Nadella posted a video on social media platforms like X, formerly Twitter and YouTube, in which he highlighted AI&#8217;s role in various sectors.
&#8220;At Microsoft, it&#8217;s never been about tech for tech&#8217;s sake, but it&#8217;s about translating innovation into real impact, one person, one organization, one community at a time,&#8221; he stated.
Nadella then noted that this year, AI has enabled cancer researchers to automate tasks, allowing them to concentrate on critical research. In Asia, aquafarmers have improved yields, while educators in the U.S. are realizing the dream of personal tutors for all students.
See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42479401/nancy-pelosis-stock-pick-broadcom-shoots-15-in-friday-pre-market-as-broadcom-ceo-sees-opportunity-over-the-next-3-years-in-ai?itm_source=parsely-api">Nancy Pelosi&#8217;s Stock Pick Broadcom Shoots 15% In Friday Pre Market As Broadcom CEO Sees &#8216;Opportunity Over The Next 3 Years In AI&#8217;</a>
He expressed optimism about building on these advancements in the coming year, underscoring the era&#8217;s focus on using AI to unlock human potential.
In response to Nadella&#8217;s reflections, Musk simply replied, &#8220;True,&#8221; acknowledging the widespread influence of AI.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">True
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1869103426220752958?ref_src=twsrc%5Etfw">December 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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Why It Matters: The significance of AI&#8217;s impact in 2024 is underscored by the broader industry trends. Nvidia Corporation emerged as the <a href="https://www.benzinga.com/news/large-cap/24/11/41761849/nvidia-blows-past-apple-to-become-worlds-most-valuable-company">most valuable company</a> globally multiple times during the year.
However, predictions for 2025 <a href="https://www.benzinga.com/24/12/42319922/artificial-intelligence-ceo-backed-by-nvidia-alphabet-amazon-shares-2025-ai-predictions-including-robots-chemistry-and-more">suggest a potential shift</a>, with some companies possibly facing valuation cuts.
Earlier this month, Hugging Face CEO Clem Delangue shared bold AI predictions for 2025 foreseeing: the first major public protest sparked by AI, China taking the lead in AI innovation, and breakthroughs in AI applications for biology and chemistry, among others.
According to IDC forecasts, global spending on AI-enabling technology will reach $337 billion by 2025.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

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Reported Earlier, Affirm Holdings Prices Upsized Private Offering Of $800M 0.75% Convertible Senior Notes Due 2029

Elon Musk&#8216;s rocket manufacturing company SpaceX reportedly lost ground control for at least an hour during the <a href="https://www.benzinga.com/news/24/09/40787779/spacex-launches-polaris-dawn-crew-to-space-with-aim-of-first-ever-private-spacewalk">Polaris Dawn mission</a> in September which included the first-ever private spacewalk.
What Happened: The loss of ground control was caused by a power outage at a California facility of SpaceX, according to a report by Reuters, which cited three people familiar with the matter.
The SpaceX mission control was unable to command its Dragon spacecraft in orbit during the outage but the vehicle remained safe and maintained some communication with the ground with the help of the company&#8217;s Starlink satellite network, the report added. 
The power outage triggered by a power surge disabled the mission headquarters in Hawthorne and also hit servers that host procedures meant to overcome an outage and stopped the company from transferring mission control to a backup facility in Florida, the report said.
Reuters, however, couldn&#8217;t determine if the company informed the Federal Aviation Administration (FAA) about the outage. However, as per one of the agency&#8217;s sources, the company did notify NASA while adding that the problem has been resolved and will not be an issue in future missions. 
As per present regulations, private space missions are not regulated by U.S. law and private operators need not disclose mishaps in orbit owing to a moratorium approved by Congress in 2004, Reuters noted. 
Reuters could also not determine the exact time and duration of the outage. However, as per two of the agency&#8217;s sources, it happened before the planned spacewalk and lasted at least an hour. However, the astronauts were trained to control the spacecraft themselves in the event they lost contact with the ground, the report noted. 
Prior to the Polaris Dawn crew&#8217;s launch into space, Musk had said in a post on social media platform X that it was &#8220;triple-checking everything&#8221; to ensure there was nothing more it could do for crew safety. 
Why It Matters: The five-day Polaris Dawn mission included a spacewalk carried out by private astronauts including billionaire and Shift4 Payments CEO Jared Isaacman. President-elect Donald Trump nominated Isaacman to be <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42323934/shift4-payments-stock-drops-after-ceo-jared-isaacmans-nasa-nomination-whats-going-on">administrator of NASA</a> earlier this month. The nomination must be confirmed by the Senate before Isaacman is appointed.
As part of the mission, Isaacman&nbsp;and fellow crew member&nbsp;Sarah Gillis&nbsp;separately exited&nbsp;SpaceX‘s Dragon spacecraft into the vacuum of space at an altitude of 435 miles (700 km) on Sept. 12, marking the&nbsp;<a href="https://www.benzinga.com/news/24/09/40787779/spacex-launches-polaris-dawn-crew-to-space-with-aim-of-first-ever-private-spacewalk" target="_blank" rel="noreferrer noopener">first-ever private spacewalk.</a>
While space agency NASA routinely conducts extravehicular activities with government astronauts, no commercial player or civilians attempted it before, making Polaris a landmark mission for SpaceX and commercial spaceflight companies.
Trump in November named Musk to co-lead a government efficiency commission aimed at bringing down government bureaucracy, slashing excess regulations, cutting waste expenditures, and restructuring federal agencies. 
The billionaire is likely to further slash regulations in the private space exploration sector in his new role given that he has previously slammed the FAA for delaying SpaceX missions and even called for the <a href="https://www.benzinga.com/news/24/09/41041586/spacex-ceo-elon-musk-calls-for-resignation-of-faa-administrator-mike-whitaker">resignation of the agency&#8217;s leadership</a>.
In September, Musk called for &#8220;radical reform&#8221; at the FAA to enable SpaceX&#8217;s vision for taking humans to Mars. &#8220;The fundamental problem is that humanity will forever be confined to Earth unless there is radical reform at the FAA!,&#8221; Musk wrote in a post on X.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Photo courtesy: NASA/SpaceX

Regulations

SPACE

SpaceX Lost Ground Control On Dragon Spacecraft During Polaris Dawn Mission Due To Power Outage At California Facility: Report

Food delivery platform Grubhub must pay $25 million and make substantial operational changes following a settlement with the Federal Trade Commission and Illinois Attorney General Kwame Raoul over <a href="https://www.benzinga.com/news/global/24/11/41962459/just-eat-takeaway-sells-grubhub-to-wonder-for-650m-marking-strategic-exit-from-us-market">allegations of deceptive business practices</a>, officials announced Tuesday.
What Happened: The settlement resolves charges that Grubhub deceived customers about delivery costs, misled drivers about potential earnings, and listed restaurants on its platform without permission. According to the FTC&#8217;s complaint, the company had listed up to 325,000 unaffiliated restaurants &#8211; more than half of its total listings.
&#8220;Our investigation found that Grubhub tricked its customers, deceived its drivers, and unfairly damaged the reputation and revenues of restaurants that did not partner with Grubhub—all in order to drive scale and accelerate growth,&#8221; said FTC Chair Lina Khan in the announcement.
The settlement requires Grubhub to disclose true delivery costs and eliminate hidden fees. The company must also stop listing unaffiliated restaurants and provide evidence to support any driver earnings claims. For consumer accounts that were blocked, Grubhub must create an appeals process and ensure quick access to funds when blocks are removed.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42545419/bitcoin-ethereum-dogecoin-stay-muted-before-feds-interest-rate-decision-analyst-says-btc-in-parabolic-phase-reveals-its-duration">Bitcoin, Ethereum, Dogecoin Stay Muted Before Fed&#8217;s Interest Rate Decision: Analyst Says BTC In Parabolic Phase, Reveals Its Duration</a>
Why It Matters: Internal company documents cited in the complaint revealed executives knew their pricing strategy was &#8220;misleading&#8221; and &#8220;eroding trust.&#8221; In one market, the FTC found drivers earned a median of $10 per hour despite advertisements promising up to $40 per hour.
While the FTC originally sought a $140 million judgment, the final $25 million settlement reflects Grubhub&#8217;s reported inability to pay the full amount. Most of the settlement funds will go toward consumer refunds.
The case highlights growing regulatory scrutiny of gig economy platforms. &#8220;There is no &#8216;gig platform&#8217; exemption to the laws on the books,&#8221; Khan emphasized in her statement.
In November, Just Eat Takeaway.com (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JTKWY#OTC">JTKWY</a>) revealed the sale of its U.S. food delivery business, Grubhub, to Wonder Group at an <a href="https://www.benzinga.com/news/global/24/11/41962459/just-eat-takeaway-sells-grubhub-to-wonder-for-650m-marking-strategic-exit-from-us-market">enterprise value of $650 million</a>.
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

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Grubhub Ordered To Pay $25 Million In Settlement Over Deceptive Practices: 'No Gig Platform Exemption To The Laws,' Says FTC Chair Lina Khan

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엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)의 주식이 <a href="https://www.benzinga.com/news/24/10/41405213/nvidia-to-rally-around-39-here-are-10-top-analyst-forecasts-for-friday" target="_blank" rel="noopener" data-google-interstitial="false">금요일</a> 0.8% 상승하여 138달러로 마감하며 시가총액이 3조 달러를 넘었다. 그러나 낙관적인 전문가들에 따르면 주가는 더 상승할 수 있다.
전문가 의견: 루미다 웰스 매니지먼트(Lumida Wealth Management)의 CEO인 램 아루와리아(Ram Ahluwalia)는 이 회사의 가치가 4조 달러에 도달할 것이라고 낙관하고 있는 것으로 알려졌다.
"그것에 대해서는 의문의 여지가 없다. GPU 칩에 대한 수요가 강하고 얼리 어답터가 어느 정도 ROI를 얻기 시작하는 것을 볼 수 있다"고 아루와리아가 <a href="https://finance.yahoo.com/news/nvidia-to-win-the-race-to-4-trillion-market-cap-experts-say-131512935.html">야후 파이낸스</a>에 말했다.
T. 로우 프라이스(T. Rowe Price)의 포트폴리오 매니저 토니 왕(Tony Wang)도 이 자신감을 공유하고 있다.
나일스 인베스트먼트 매니지먼트(Niles Investment Management)의 설립자인 댄 나일스(Dan Niles)는 &#8220;인공지능(AI) 환경이 포화 상태에 도달하거나 더 성숙해지기 전에 몇 년 더 AI 투자를 해야 한다&#8221;고 말했다. &#8220;앞으로 몇 년 안에 엔비디아의 매출이 두 배로 증가할 것이고, 주식도 몇 년 안에 두 배로 상승할 것이라고 생각한다&#8221;고 나일스가 야후 파이낸스에 말했다.
"&#8230;모델 빌더(예: 오픈AI)가 높은 처리량과 짧은 대기 시간을 해결함에 따라 추론/인퍼런스(Inference) 컴퓨팅에 대한 수요가 기하급수적으로 증가할 수 있다. 중요한 것은 풀 스택 접근 방식의 지원을 받아 엔비디아가 인퍼런스에서 이러한 성장 기회를 포착할 수 있는 좋은 위치에 있다고 믿고 있다&#8221;고 파이낸셜 타임스가 <a href="https://www.ft.com/content/e910b9a2-ce6b-48b0-af45-0c55ca723395">골드만삭스</a>를 인용하여 보도했다. 골드만삭스는 주식 목표가를 150달러로 설정했다.
&#x2A;Note: 인퍼런스는 인공 지능(AI) 및 기계 학습(ML) 분야에서 훈련된 모델이 새로운 데이터에 대해 결론을 도출하는 과정을 말한다.
뱅크 오브 아메리카(Bofa) 증권은 금요일에 주식에 대한 &#8216;매수&#8217; 등급을 유지하고 이 회사의 목표 주가를 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41410262/ai-creates-generational-opportunity-why-nvidia-analyst-says-stock-will-hit-190">165달러에서 190달러로</a> 상향 조정했다.
실제로, 엔비디아는 38명의 애널리스트들의 평가를 바탕으로 <a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">234.49달러의 컨센서스 목표 주가</a>를 가지고 있다.
중요성 (Why It Matters): <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>의 데이터에 따르면, 엔비디아 주식은 연초 대비 거의 186.5% 상승했다. 현재 이 회사의 시가총액은 약 3.39조 달러이다.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" class="wp-image-603954" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002516/newplot-5-2-1.jpeg" sizes="(max-width: 650px) 100vw, 650px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002516/newplot-5-2-1.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002516/newplot-5-2-1-300x208.jpeg 300w" alt="" width="650" height="450" /></figure>
현재 가치 평가 기준으로, 애플은 엔비디아보다 시가총액이 더 높은 유일한 미국 회사이다. 하지만 애플의 기업 가치마저도 4조 달러(3조 5,700억 달러)에 미치지 못한다.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" class="wp-image-603953" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002154/newplot-10-1.jpeg" sizes="(max-width: 650px) 100vw, 650px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002154/newplot-10-1.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002154/newplot-10-1-300x208.jpeg 300w" alt="" width="650" height="450" /></figure>
엔비디아의 주가는 지난 한 해 동안 233% 이상 급등했으며, 주가는 41달러에서 138달러로 급등했다. 한편, 엔비디아를 추적하는 ETF들도 같은 기간 동안 최소 440%의 수익을 기록했다. 예를 들어 GraniteShares 2x Long NVDA Daily ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDL#NASDAQ">NVDL</a>)와 Direxion Daily NVDA Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDU#NASDAQ">NVDU</a>)가 있다.
더 읽어보기:
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<li><a href="https://www.benzinga.com/news/24/10/41417197/elon-musk-tesla-refute-inefficiency-concerns-with-wireless-charging-on-cybercab-there-is-no-meaningf">일론 머스크, 테슬라, 사이버택시의 무선 충전으로 비효율성 우려를 반박: &#8216;의미 있는 효율성 차이는 없다…&#8217;</a></li>
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이미지 출처: Shutterstock
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