Happy Thursday Zingernation! Well, it looks like the best investment strategy is the same as my strategy when someone tries to burst by me on the basketball court: grab and hold. Stocks hit new all-time highs yesterday (it’s weird how my portfolio didn’t) and the best part about ATHs? Stocks tend to keep moving higher.

—Aaron Bry & Nic Chahine

Plus, check out the company that’s taking on AI giants like OpenAI and Microsoft through innovative language models.

MARKET SNAPSHOT

Yesterday: The market broke out like I used to before a big high school dance. New ATHs for the Nasdaq and S&P 500 as NVIDIA continues to lead the charge.

On Our Radar: More labor data coming your way this morning with initial jobless claims released at 8:30 am ET. Tomorrow we’ll get the full U.S. employment report; buckle up.

TOP STORY

Nvidia Crosses $3T Market Cap: AI Darling Joins Ranks Of Apple, Microsoft, Closes At All-Time High

Briefly: NVIDIA Corporation reached a $3 trillion valuation by market capitalization Wednesday, joining Apple and Microsoft as the third company to ever achieve the milestone.

The Details: Nvidia's shares closed Wednesday up more than 5%, giving it a market cap of around $3 trillion. The chipmaker’s market cap surpassed Apple's during Wednesday's session, making it the second most valuable company in the U.S and the second-largest holding in the S&P 500.

Price Action: Nvidia shares have risen more than 6% this week amid continued momentum on the back of booming demand for its AI chips.

So: Nvidia CEO Jensen Huang recently announced the company will release a high-powered version of its Blackwell chip, Blackwell Ultra, in 2025, and a new AI chip platform, Rubin, in 2026, which has helped the stock roar to new highs this week.

Upcoming Catalysts: Nvidia is also seeing increased attention ahead of its upcoming 10-for-1 stock split, set to take place after the market close on Friday. Nvidia's stock is up nearly 150% year-to-date after more than tripling in 2023, per Benzinga Pro.

Click here to read more. 

PRESENTED BY ELEVATE HEALTH AND WELLNESS

Web 3.0 Could Revolutionize The Future Of Healthcare – Here’s How

The healthcare industry is at a pivotal moment, even as it faces numerous challenges, such as data fragmentation, security concerns and inefficiencies in patient care. The advent of Web 3.0 offers a promising solution to these issues by introducing a more connected, intelligent and secure framework for managing healthcare data and services. Companies like Elevate Health and Wellness are set on demonstrating the many advantages Web 3.0 brings through their efforts.

FIVE ZINGERS

Just Say No: Steve Jobs had plenty of qualities that allowed him to found and lead Apple. And knowing how and when to say no was one of them.

Made In China: Generic Chinese versions of Ozempic and Wegovy could be bad news for Novo Nordisk and other drug manufacturers.

Get My $TAN On: Solar stocks moved higher yesterday on news that the Biden administration will crack down on Chinese names in the space.

Raising The Bar: Analysts are raising their expectations for Hewlett Packard Enterprise following the company’s strong earnings report.

Look Out Below: Five Below reported earnings yesterday, and the stock took a big hit, trading down around 20% this morning.

ONE FOR THE ROAD

Robinhood Announces Acquisition Of Crypto Exchange Bitstamp in $200M Deal

Briefly: Robinhood has signed an agreement to acquire crypto exchange Bitstamp, in a move that significantly expands Robinhood’s presence in the crypto market.

What Happened: The all-cash deal is valued at approximately $200 million, subject to customary adjustments, and is expected to close in the first half of 2025 pending regulatory approvals.

Basically: Expected to close in the first half of 2025, the deal is pending regulatory approvals and other customary closing conditions, the company stated.

So: Bitstamp, founded in 2011, operates in Luxembourg, the UK, Slovenia, Singapore and the U.S., holding over 50 active licenses and registrations globally.

And Then: This deal will allow Robinhood to tap into Bitstamp’s extensive retail and institutional customer base across the EU, UK, U.S. and Asia.

Click here to read more.

PRESENTED BY ELEVATE HEALTH AND WELLNESS

Web 3.0 Could Revolutionize The Future Of Healthcare – Here’s How

The healthcare industry is at a pivotal moment, even as it faces numerous challenges, such as data fragmentation, security concerns and inefficiencies in patient care. The advent of Web 3.0 offers a promising solution to these issues by introducing a more connected, intelligent and secure framework for managing healthcare data and services. Companies like Elevate Health and Wellness are set on demonstrating the many advantages Web 3.0 brings through their efforts.

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