Happy Monday Zingernation! Chances are that when you first heard about crypto, you had some questions… maybe 21 questions, even. Perhaps you just wanted to be in da crypto club. Well 50 Cent was ahead of the curve, accepting Bitcoin for an album that came out 10 years ago.

—Aaron Bry & Nic Chahine

Plus, check out the company that’s using AI to make nursing more efficient.  

MARKET SNAPSHOT

Last Week: A strong rally at the end of Friday’s session brought us back to flat on the week.

On Our Radar: Construction spending and ISM manufacturing numbers come out at 10am ET. Other than that, it’s a pretty quiet day in terms of economic data and earnings, but not a quiet day in the meme world.

TOP STORY

GameStop Nearly Doubles, AMC Soars 30% Premarket

Basically: Shares of GameStop Corp and AMC Entertainment Holdings, Inc., which had cooled off after a hot rally in mid-May, surged higher in premarket trading on Monday.

What Happened: The resumption of the meme rally came on the back of Keith Gill, also known as “Roaring Kitty,” disclosing a substantial position in GameStop on the r/Superstonk Reddit forum.

The Details: A screenshot shared by Gill on the platform showed he held 5 million GME shares valued at $115.70 million, and 120,000 call options worth $65.70 million, with a strike price of $20 and exercisable on June 21. The calls were purchased at $5.48 per share.

So: A social media user also shared the final trading update posted by Roaring Kitty before he went on a social media hiatus back in April 2021. The trading update, posted on the r/Wallstreetbets Reddit thread, showed Gill owning 200,000 shares valued at $30.94 million at that time.

Click here to read more. 

PRESENTED BY AMESITE

This Company Is Transforming The Digital Education Market

Amesite is changing the game in edtech.

The AI software company offers a cloud-based learning platform for businesses and education; revolutionizing the e-learning space by creating B2B solutions and introducing new B2C apps. 

Say “Goodbye” to hefty setup fees – with Amesite, it's NO FEE! By offering a monthly per-user model, the company is breaking barriers and expanding opportunities for companies and universities alike.

But that's not all! Introducing NurseMagic™ – Amesite’s latest innovation designed for the 5.2 million nurses worldwide. Powered by AI, NurseMagic™ streamlines tasks, making every day smoother and more efficient. Plus, with accredited CE programs seamlessly integrated, nurses can elevate their skills and manage their careers effortlessly.

Click here to learn more and down their report

FIVE ZINGERS

Case Of The Mondays: Boston Beer Company, Cassava and these other stocks are getting a slow start to the week. Here’s what’s going on.

To The Next Level: Bitcoin broke through its $69,000 resistance level… where’s it going to next?

More $BAd News: The negative stories just don’t stop for Boeing. Here’s why a jury ruled that the plane manufacturer is on the hook for $70 million.

The Rumor Mill: Paramount shares traded higher by more than 5% Monday morning on acquisition rumors. Here are the details.

How Swede It Is: Microsoft announced plans to invest billions of dollars in a cloud investment in Sweden. Here’s why it matters.

ONE FOR THE ROAD

Nvidia Stock Jumps 3% Premarket, Eyes Breaking All-Time Highs

Briefly: Nvidia shares gained in premarket trading on Monday following an impressive pre-event presentation by CEO Jensen Huang ahead of the kickstart of the Computex 2024, an annual computer expo in Taiwan.

Basically: Huang announced the next generation AI accelerator named Rubin, which will launch in 2026 following the release of Blackwell Ultra in 2025.

So: He also touched upon a host of issues including AI factories that would house software called Nvidia Inference Micro Services, or NIMS, and physical AI, calling it the next wave of AI.

Quoted: New Street Research analyst Pierre Ferragu called the presentation as the “best Jensen Keynote ever.” It touched upon everything that matters such as the roadmap cadence, scaling, real-world AI, and million-GPU datacenter, he said.

Click here to read more.

PPRESENTED BY AMESITE

This Company Is Transforming The Digital Education Market

Amesite is changing the game in edtech.

The AI software company offers a cloud-based learning platform for businesses and education; revolutionizing the e-learning space by creating B2B solutions and introducing new B2C apps. 

Say “Goodbye” to hefty setup fees – with Amesite, it's NO FEE! By offering a monthly per-user model, the company is breaking barriers and expanding opportunities for companies and universities alike.

But that's not all! Introducing NurseMagic™ – Amesite’s latest innovation designed for the 5.2 million nurses worldwide. Powered by AI, NurseMagic™ streamlines tasks, making every day smoother and more efficient. Plus, with accredited CE programs seamlessly integrated, nurses can elevate their skills and manage their careers effortlessly.

Click here to learn more and down their report