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🗓️ September's Biggest Stories: Why Nvidia's Dip Is "No Problem"

Plus, what Zuckerberg thinks is the successor to the smartphone

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Happy October! September was a doozy - tech stocks went on a roller coaster ride, the US presidential debate happened, the Fed cut interest rates by more than the markets expected, and more.

That’s why we’ve prepared a round-up of the biggest, most important market stories from September that you need to know about. Enjoy!

—Benzinga’s Ring the Bell Team

SEPTEMBER’S TOP TRADE IDEA

Nvidia Corp. (NVDA) shares fell about 14% in the week ended Sept. 6 amid macro concerns. The following Friday, portfolio manager and founder of Niles Investment Management Dan Niles weighed in on what’s in store for the artificial intelligence stalwart as well as the technology sector per se in the near and medium term.

PRESENTED BY LI-FT POWER

Cali Lease is a major lithium project within the Little Nahanni Pegmatite Group in Canada's Northwest Territories. The site was acquired in 2022 by the exploration company Li-FT.

The company commenced surface exploration in August to better understand the resources contained within, but historical mapping shows a 500 meter strike length, 300 meter vertical extent, and widths of up to 100 meters. With 76% of recent grab samples exceeding 1.0% Li2O, Cali Lease could have significant potential. The company’s second secured Land Use Permit may pave the way for more advanced exploration, including drilling.

Ready to be part of this opportunity?  Visit https://www.li-ft.com/projects/cali/ to learn more about the Yellowknife Lithium Project and explore investment possibilities.

SEPTEMBER’S TOP TECH STORY

During a chat with YouTuber Cleo Abram, Meta Platforms Inc. (META) CEO Mark Zuckerberg revealed what he thinks will be the next major computing platform, after PCs and smartphones.

PRESENTED BY BRAND ENGAGEMENT NETWORK

The most recent addition to the Brand Engagement Network (BEN) board of directors previously led the development of Kaiser Permanente’s electronic health record system and may help grow BEN’s footprint in the healthcare industry.

At the same time, two new deals may help BEN further expand its presence in healthcare – specifically in concierge medicine and health coaching.

A deal with Members Only Health gives BEN access to a worldwide network of concierge providers. An agreement with INTERVENT International strengthens its position in healthcare training and coaching.

SEPTEMBER’S TOP CRYPTO STORY

Anthony Scaramucci, founder of SkyBridge Capital and outspoken critic of former President Donald Trump's influence on cryptocurrency, has once again raised concerns about the potential impact of a Trump victory on the industry.

PRESENTED BY ATLAS LITHIUM

Atlas Lithium Corporation (NASDAQ: ATLX) could be set to revolutionize lithium processing in Brazil with the upcoming shipment of its modular dense media separation (DMS) plant from South Africa. This innovative plant, featuring a compact design and the industry’s lowest water usage, underscores the company’s commitment to sustainability. As Atlas Lithium prepares to commence production by late 2024, it seems strategically positioned to meet the surging global demand for high-quality lithium, driven by the growth of electric vehicles and renewable energy. The company's diversified portfolio and expanding exploration footprint further solidify its path to leadership in the critical battery metals sector.

SEPTEMBER’S TOP EV STORY

Tesla Inc. (TSLA) CEO Elon Musk on raised doubts about California-based EV startup Rivian Automotive (RIVN) getting money from German automaker Volkswagen as part of a recently announced joint venture.

The reason is simple: Volkswagen is in huge trouble, and is reportedly considering closing factories in Germany for the first time in the company’s history.

PRESENTED BY REZOLVE AI

e-commerce is getting an overhaul thanks to companies like Rezolve AI (NASDAQ: RZLV), the U.K.-based AI-powered platform for e-commerce businesses. It's about time. Online shoppers don’t want to scroll through static pages and click through several screens to checkout. They want smart product recommendations, real-time help and instant checkout. Rezolve AI says it offers that and more through its AI-powered e-commerce and mobile engagement platform. 

With a stated goal to reach annual recurring revenue of $100 million by the end of 2025, Rezolve AI is forging partnerships and collaborations to meet that end. Its recent deals with Creative Dock, OXID, ePages and SPH AG are part of that strategy. They cater to retailers, giving Rezolve Ai access to online merchants who need advanced technology to better engage with their customers. 

After all, in the cut-throat world of e-commerce, merchants need an edge. Rezolve AI provides that through Brain commerce, Brain Assistant and Brain Checkout. To learn more about its technology and deals, click here

SEPTEMBER’S TOP TAX STORY

Former President Donald Trump has suggested the removal of taxes on overtime wages for individuals working beyond 40 hours a week. This proposal is part of Trump’s tax reduction strategy if he secures re-election.

But economist Peter Schiff has pointed out one huge problem with this proposal - a problem that might make it unappealing to most US workers.

PRESENTED BY COSMOS HEALTH

Cosmos Health (NASDAQ: COSM) could be set for further growth following its acquisition of Cana Laboratories, a nearly century-old pharmaceutical company. This strategic move has given Cosmos in-house production capabilities, allowing greater control over costs and quality. With its newly upgraded 54,000 sq. ft. facility in Athens, Cosmos seems poised to generate significant revenue through high-margin contract manufacturing agreements, which could generate over $10 million in annual gross profit. Recent deals include agreements with Provident Pharmaceuticals and Humacology to manufacture 5,020,000 units of medicines and up to 500,000 CBD units, respectively. Learn more about Cosmos Health’s expansion and future growth opportunities by clicking here.

SEPTEMBER’S TOP TRADE STORY

Former Democratic Senator Al Franken said in an interview with Bill Maher on Friday that President Joe Biden is wrong to impose tariffs on Chinese EVs.

PRESENTED BY AEVA

Safety and reliability go hand-in-hand when it comes to autonomous vehicles. After all, tales of accidents due to blind spots or unexpected obstacles leave a bad perception. Advances in technology and the companies using them are changing that. 

One, in particular, is Aeva Technologies Inc. (NYSE: AEVA), which makes LiDAR sensors for use in vehicles, trucks and trains. The sensors act as eyes, providing 3D views of the surroundings. Unlike other rivals, Aeva incorporates Frequency Modulated Continuous Wave (FMCW) 4D LiDAR technology in its sensors that also adds the 4th dimension of velocity, which it says makes them better than the ones on the market. 

Aeva says FMCW unlocks new levels of safety and automation by instantaneously discriminating between static and dynamic points and knowing the precise velocity of dynamic objects. Instant velocity gives a real-time and detailed description of how the object’s position is changing, giving the vehicle’s computer a more accurate picture. It’s enough to land it new customers and gain market share. To learn more about what Aeva Technologies has been up to lately, click here. 

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