đŸ„© Dead Meat

Beyond Meat's stock gets clobbered after the close, NVIDIA's AI conference and more

Happy Tuesday Zingers! Warren Buffett offered $1 billion to anyone who can fill out a perfect March Madness bracket. But Pepsi has a different offer: $100k for whoever can fill out a bracket with zero correct picks.

Hey, if they’re looking for zero correct picks, all they had to do was check out my portfolio. Still can’t believe that investment in a meme coin named after Nancy Pelosi didn’t work out. HODL I guess.

Before we dive in, check out today’s partner who is helping retail investors profit from gold’s recent rally.

And, looking to learn more about private and public real estate investing? Subscribe to our weekly real estate newsletter delivered every Friday. All it takes is one click.

MARKET SNAPSHOT

Yesterday: I guess the luck of the Irish spread to the market after all. All major indices closed in the green yesterday with big tech leading the way.

On Our Radar: Housing starts and building permits came out a few minutes ago at 8:30 AM ET. NVIDIA’s GTC conference will continue today and should garner the attention of tech and AI investors.

TOP STORY
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Briefly: Technology giant NVIDIA kicked off its multi-day GTC 2024 event, which will cover transformative moments and advancements in artificial intelligence.

Starting Strong: Huang described GTC as the best conference for developers from diverse sectors to network. He initiated the event by emphasizing his focus on mathematics, science, algorithms, and computers, humorously clarifying that it was “not a concert.”

Major Partners: "This conference is represented by some amazing companies," Huang said. The Nvidia CEO said he was proud that many non-IT industries were represented at GTC 2024. The CEO said that $100 trillion of the world's industries were being represented in the room.

New Beginnings: Huang called the computer the single most important instrument today, as it affects every industry. While Huang and Nvidia saw technology advancements coming, the CEO said ChatGPT helped capture the imagination of consumers and the capabilities of AI. In 2023, generative AI emerged, and a new industry began, he added.

Click here to read more.

PRESENTED BY STANSBERRY RESEARCH

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FIVE ZINGERS

Liquid Gold: We’ve talked a lot about digital gold, aka Bitcoin. But oil, aka liquid gold, is hitting new four-month highs.

Overcooked: Beyond Meat’s stock got a little burnt after the close yesterday, trading down nearly 10% on reports of a new offering.

Whale Watching: Here’s what whale wallets are doing with Dogecoin amid the meme coin’s recent pullback.

Early Knockout: The planned Jake Paul vs Mike Tyson bout could be a knockout for $NFLX, potentially adding more than 20M new subscribers.

Game On: MrBeast is teaming up with Amazon Prime, bringing the ‘Beast Games’ to one of the largest streaming platforms in the country.

ONE FOR THE ROAD
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Basically: Last week, the House of Representatives moved forward on a bill that could ban TikTok in the U.S. unless it is sold by its owner ByteDance Ltd. The move has already faced rejection from Beijing.

Zooming In: TikTok is facing scrutiny in Congress. The discussion involves concerns that ByteDance, its Chinese parent company, could comply with the Chinese government in actions liable to undermine national security.

I’m Just A Bill: The bill cleared the House with ease on Wednesday, but its passage received strong criticism from TikTok CEO Shou Zi Chew, who warned that banning TikTok could put “more than 300,000 jobs” in the U.S. at risk.

Buyer’s Interest: If the bill passes in the Senate, ByteDance will be given the option to sell its U.S. operations or face a shutdown. Recently several prospective buyers announced their interest, including former Treasury Secretary Steven Mnuchin and former Activision Blizzard CEO Bobby Kotick.

Click here to read more.

PRESENTED BY STANSBERRY RESEARCH

Many experts believe gold is headed to $3,000/oz. or even higher. Especially when you consider the strange events happening across the economy right now:

  • U.S. government bonds just saw its worst bear market since the Civil War...

  • A "tsunami of branch closures" is happening across the banking sector...

  • All while the soaring price of household goods has added an extra $11,400 to the typical household's expenses.

This likely explains why so many billionaires are loading up on gold right now. And yet, there's an even bigger buyer in the gold markets who is now purchasing gold at an unprecedented rate.

As this rally picks up most investors will likely run out and buy an ETF, a gold mining stock, or even bullion.

But there's actually a much better way to profit from the emerging gold boom (with as little as $5).