Happy Tuesday, Zingernation! It takes a streamer to know a streamer. And here’s why Davey Day Trader (Dave Portnoy) said that Roaring Kitty made a ‘tactical error’ with his $GME stream last Friday.

–Aaron Bry & Nic Chahine

Today’s Price Action:

$SPY: +.24%
$QQQ: +.68%
$DIA: -0.34%

Plus, check out the company helping brands increase customer engagement through AI solutions.  

TODAY’S MOST VOLATILE STOCKS

TODAY’S TOP STORY

Brad Gerstner Bought Nvidia Stock When 'Everybody Said Sell': Now He's Buying Apple Stock At All-Time Highs

Briefly: Altimeter Capital founder and CEO Brad Gerstner is becoming more bullish on Apple Inc as the company unveils new AI-powered features at its annual developers conference this week.

What To Know: Tuesday on CNBC’s “Fast Money Halftime Report,” Gerstner announced that he bought Apple stock ahead of the 2024 Worldwide Developers Conference (WWDC). Given Apple’s positioning in the premium consumer space and OpenAI’s first mover advantage, he’s bullish on what could come from the newly announced partnership.

Quoted: “I suspect that the integration going on with OpenAI is deeper than what we heard about yesterday,” Gerstner said on the show.

So: While Apple has said it’s open to working with multiple AI partners and has seemingly left the door open for Google, Gerstner believes Apple’s AI ambitions are all about OpenAI. Click here to read more about Altimeter’s position, and why Gerstner is bullish.

PRESENTED BY BEN

Brand Engagement Network Announces Private Placement And Promotion Of Paul Chang To Co-CEO

Brand Engagement Network finalizes a new equity private placement investment to help it execute on its growth and revenue strategies to deliver a more empathetic human-machine experience in customer service. The conversational AI leader also announced the promotion of a key executive to Co-CEO.

For more information on how BEN delivers personalized customer engagement by harnessing the power and scalability of AI, visit https://beninc.ai/.

FIVE MOVERS

Oracle shares traded higher after the bell, despite the company missing earnings estimates. Here’s why.

Apple shares cruised higher today, hitting new all-time highs following the company’s WWDC event and some bullish analyst coverage.

Instructure shares closed higher today, continuing positive momentum on news that investor Thoma Bravo is considering selling the company.

Tesla’s stock slid lower Tuesday, closing down around 2% ahead of the vote regarding CEO Elon Musk’s pay package.

Coinbase shares moved lower today amid weakness in Bitcoin and the overall crypto space ahead of tomorrow’s CPI report.

ONE TRADE IDEA FOR TOMORROW

Broadcom Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts

Briefly: Broadcom is set to release second-quarter financial results, after the closing bell on Wednesday.

Basically: Analysts expect the Palo Alto, California-based company to report quarterly earnings at $10.80 per share, up from $10.32 per share in the year-ago period. Broadcom is expected to post revenue of $12.03 billion, according to data from Benzinga Pro.

The Context: On May 20, Broadcom announced its latest portfolio of highly-scalable, high-performing, low-power 400G PCIe Gen 5.0 Ethernet adapters for the data center ecosystem.

Broadcom shares rose 2.4% to close at $1,440.47 on Monday. Click here to read the full analyst breakdown and predictions ahead of the report.

I Can Show You Where The Stock Market Will Go Next

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