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Tekla World Healthcare (NYSE:THW) Stock, Option Chain

Tekla World Healthcare

Tekla World Healthcare Fund is a diversified closed-end management investment company. Its investment objective is to seek current income and long-term capital appreciation through investments in U.S. and non-U.S. companies engaged in the healthcare industry. The company's investment portfolio comprises investments in different sub-sectors such as pharmaceuticals and biotechnology, healthcare providers and services, real estate investment trusts, medical devices and diagnostics, and other areas.

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abrdn World Healthcare Fund Shares of Beneficial Interest

Tekla World Healthcare Fund

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Reported Earlier, People's Bank of China Loan Prime Rate Unchanged At 3.10%

Reported Earlier, China Loan Prime Rate 5Y For November Unchanged At 3.60%

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Trade Balance For October -461.2B Vs. -360.4B Est.; -294.1B (Revised) Prior

Reported Earlier, Japan Exports (YoY) For October 3.1% Vs. 2.2% Est.; -1.7% Prior

Reported Earlier, Japan Adjusted Trade Balance -0.36T Vs. -0.15T Est.; -0.27T (Revised) Prior

Goatseus Maximus (GOAT), an artificial intelligence (AI)-created meme coin, rallied sharply Tuesday ahead of the third-quarter earnings of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
What happened: The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based cryptocurrency pumped over 12% in the last 24 hours to a market capitalization of $1.21 billion.
The latest uptick pushed the coin to the top of the daily gainers list, outstripping the returns of blue-chip cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>).
GOAT was up more than 42% over the week, and a whopping 1013% since its launch more than a month ago.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41873427/shiba-inu-lead-developer-shytoshi-kusama-pitches-s-h-i-b-in-response-to-elon-musks-call-for-new-roles-recommendations-in-trump-administration">Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk&#8217;s Call For New Roles Recommendations In Trump Administration</a>
Why It Matters: GOAT has caught the cryptocurrency market's attention, cracking the $1 billion market capitalization club in a quick time. In the process, it also became the first coin launched by Pump.fun, Solana's token launchpad, to hit the $1 billion milestone.
Launched by AI chatbot Truth Terminal, which has a dedicated X account, the meme coin stands as more of an experiment. Truth Terminal was created by researcher Andy Ayrey, and he controls the cryptocurrency wallet tied to GOAT.
Notable figures in the industry, like Coinbase CEO Brian Armstrong, have taken notice of the project's rise and even proposed setting up independent wallets to give Truth Terminal more autonomy.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Hey <a href="https://twitter.com/truth_terminal?ref_src=twsrc%5Etfw">@truth_terminal</a> it seems like you have a crypto wallet, buts it's fully controlled by your (human) creator. Is that accurate? Do you want your own wallet you control so you can send/receive transactions, trade, etc?
&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1849111323927585238?ref_src=twsrc%5Etfw">October 23, 2024</a></blockquote>
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The rally comes ahead of the hotly anticipated earnings report of AI juggernaut Nvidia, an event that has <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42048963/why-nvidia-earnings-may-trigger-massive-sp-500-volatility">significantly moved </a>the broader financial markets in the past.&nbsp;
Price Action: At the time of writing, GOAT was exchanging hands at $1.16, up 12.91% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Photo by Igor Faun on Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42052184/will-shiba-inu-coin-reach-1-cent-by-2025-47-of-benzinga-readers-say">Will Shiba Inu Coin Reach 1 Cent By 2025? 47% Of Benzinga Readers Say…</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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NVDA

Dogecoin, Bitcoin Left In The Dust By AI Meme Coin GOAT As Nvidia's Q3 Earnings Draw Near

Microsoft Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Satya Nadella highlighted Bing's strong growth countering concerns about its minimal impact on Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google's global <a href="https://www.benzinga.com/news/23/09/34990297/microsoft-considered-selling-bing-to-apple-as-google-rival-but-iphone-maker-remained-skeptical">search dominance</a>.
What Happened: On Tuesday, during a conversation with a CNBC Overtime anchor Jon Fortt, Nadella was asked when AI was integrated into Bing, the hope was to gain more share from Google.
However, one year down the line, Google still has roughly 90% of the global search share. In response, the Microsoft CEO said that Bing search is one of the fastest-growing businesses, showing strong double-digit growth.
When asked about search share, Nadella responded that it&#8217;s a game of 100 basis points, and any progress is good.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/24/11/42056367/how-to-safeguard-your-data-before-apples-deadline-step-by-step-guide-for-backing-up-ios-8-and-earlier-devices?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Safeguard Your Data Before Apple&#8217;s Deadline: Step-By-Step Guide For Backing Up iOS 8 And Earlier Devices</a>
He then expressed excitement about the success of OpenAI&#8217;s ChatGPT and its partnership with&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), which he said is beneficial for Microsoft as it runs on Azure.
&#8220;That's all incremental for even us,&#8221; Nadella stated, adding, &#8220;We are giving them the Bing index and powering ChatGPT search using our APIs.&#8221;
Regarding the relationship with OpenAI, Nadella expressed satisfaction with the partnership&#8217;s progress.
&#8220;We are thrilled to be an investor. We're thrilled to be a partner around I.P. They're one of our biggest customers now. We also compete in some areas. And so the partnership has all of those dimensions to it,&#8221; he said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I spoke with <a href="https://twitter.com/search?q=%24MSFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSFT</a> CEO <a href="https://twitter.com/satyanadella?ref_src=twsrc%5Etfw">@satyanadella</a> today about how the company's relationship with <a href="https://twitter.com/OpenAI?ref_src=twsrc%5Etfw">@OpenAI</a> and <a href="https://twitter.com/sama?ref_src=twsrc%5Etfw">@sama</a> is developing: <a href="https://twitter.com/CNBCOvertime?ref_src=twsrc%5Etfw">@CNBCOvertime</a> <a href="https://t.co/JOjwvmA0lU">pic.twitter.com/JOjwvmA0lU</a>
&mdash; Jon Fortt (@jonfortt) <a href="https://twitter.com/jonfortt/status/1859022001006146013?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
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Why It Matters: Microsoft launched Bing in 2009 to compete directly with Google. However, despite its efforts, Google <a href="https://www.benzinga.com/news/23/04/31823704/is-bing-the-new-google-samsung-devices-could-ditch-google-search-for-microsoft-bing">remains the dominant player</a>, with Bing capturing less than 10% of search queries.
Meanwhile, the partnership between Microsoft and OpenAI has been a topic of interest in the tech world, especially since reports started surfacing about OpenAI&#8217;s shift from a nonprofit to a for-profit model.
Microsoft has <a href="https://www.benzinga.com/startups/24/10/41556636/microsoft-and-openai-clash-over-14-billion-as-the-ai-leader-converts-to-a-for-profit-business-disrup">invested nearly $14 billion</a> in OpenAI since 2019, leading to a high-stakes financial and governance tug-of-war. OpenAI&#8217;s <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round">valuation soared to $157 billion</a> in its latest funding round.
Earlier in May it was reported that OpenAI&#8217;s potential agreement with Apple had <a href="https://www.benzinga.com/news/24/05/39109729/openais-apple-deal-sparks-concerns-in-microsoft-could-shift-ai-market-dynamics">sparked concerns within Microsoft</a>.
Last month, Microsoft&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41636770/microsoft-q1-earnings-highlights-ai-driven-transformation-is-changing-work-company-beats-revenue-ep">first-quarter earnings</a> reported a 16% year-over-year increase in revenue.
Price Action: Microsoft shares rose 0.49% on Tuesday, closing at $417.79, with a slight additional gain of 0.05% in after-hours trading, reaching $418 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/41872302/taylor-swift-fans-abandon-elon-musks-x-for-bluesky-how-trumps-election-victory-triggered-swifties-uprising?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Taylor Swift Fans Abandon Elon Musk&#8217;s X For Bluesky, Says Report: How Trump&#8217;s Election Victory Triggered Swifties Uprising</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Tech

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Satya Nadella Defends Bing's Rise Against Google's Search Dominance — Says OpenAI's Partnership With Apple Is 'Incremental' For Microsoft

Major U.S. indices closed mixed on Tuesday, as the Dow Jones Industrial Average slipped 0.3% to 43,268.94, while the S&amp;P 500 added 0.4% to reach 5,916.98. The Nasdaq rose nearly 1%, finishing at 18,987.47.
Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) closed the day with a 4.89% gain at $147.01, after reaching an intraday high of $147.13 and a low of $140.99. The stock&#8217;s 52-week high and low are $149.76 and $45.01, respectively. According to Wedbush analyst Dan Ives, Nvidia is <a href="https://www.benzinga.com/24/11/42079585/meta-google-and-microsoft-bet-big-on-ai-with-skyrocketing-capex-budgets-but-jensen-huangs-nvidia-poised-to-be-the-biggest-winner-says-analyst-only-game-in-town-with-1-trillion-of-ai-capex">set to dominate</a> as major tech players ramp up their capital expenditures on artificial intelligence.
MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) saw its shares rise by 11.89% to close at $430.54. The stock hit an intraday high of $449 and a low of $381, with a 52-week range of $449 to $43.89. The surge came after Benchmark raised its price target following the <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42066712/microstrategy-stock-continues-to-climb-whats-going-on-2">company&#8217;s announcement</a> of plans to buy more Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42028523/cathie-wood-draws-reagan-era-parallels-as-elon-musk-takes-doge-helm-this-bull-market-has-just-begun-to-broaden-out?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood Draws Reagan-Era Parallels As Elon Musk Takes DOGE Helm: &#8216;This Bull Market Has Just Begun To Broaden Out&#8217;</a>
Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) surged 16.33% to close at $5.13, with an intraday high of $5.15 and a low of $4.33. The stock&#8217;s 52-week high and low are $7.02 and $2.82, respectively. Needham&#8217;s Chris Pierce <a href="https://www.benzinga.com/24/11/42059659/this-apollo-global-management-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-tuesday">initiated coverage</a> on Archer Aviation with a Buy rating and a price target of $11
Joby Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) ended the day with a 12.83% gain at $6.33. The stock reached an intraday high of $6.33 and a low of $5.58. Its 52-week high and low are $7.69 and $4.5, respectively. According to Needham analyst Pierce, the company is <a href="https://www.benzinga.com/24/11/42071065/analyst-says-faa-support-uber-partnership-push-joby-aviation-toward-air-taxi-leadership">well-positioned</a> to capture early air taxi market share, thanks to its partnership with Uber and focus on software.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) closed the day with a 2.14% gain at $346. The stock hit an intraday high of $347.38 and a low of $332.75. The 52-week high and low are $358.64 and $138.8, respectively. Tesla&#8217;s sales in China are <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42059270/tesla-chinas-weekly-insurance-registrations-points-towards-strong-q4-in-key-market">gaining momentum</a>, despite trailing behind Chinese EV maker BYD Co Ltd.
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42053687/peter-schiff-pokes-fun-at-microstrategys-bitcoin-buying-spree-michael-saylor-is-gonna-need-a-bigger-plan?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Pokes Fun Of MicroStrategy&#8217;s Bitcoin Purchase: &#8216;Michael Saylor Is Gonna Need A Bigger Plan&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

ACHR

JOBY

MSTR

TSLA

Nvidia, Microstrategy, Apollo Global Management, Joby Aviation, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Gene Munster, Managing Partner at Deepwater Asset Management, projects that Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) will spin out its autonomous driving unit Waymo within the next 2-4 years, potentially reaching a valuation between $350 billion and $850 billion by 2030.
What Happened: In a detailed research note, Munster and analyst Brian Baker suggest the spinoff could add 12-28% to Alphabet&#8217;s current market capitalization, depending on the parent company&#8217;s ownership stake, which they estimate is currently around 70%.
&#8220;Today, Waymo alone is too small for Alphabet investors to care about,&#8221; Munster wrote. &#8220;However, the management team is sharing more about their rapid progress, plans to expand operations, and has raised additional outside capital.&#8221;
The analysis comes as Waymo continues to expand its <a href="https://www.benzinga.com/news/24/10/41541316/waymo-fleet-hits-25m-driverless-miles-autonomous-driving-company-says-its-fleet-is-safer-than-human">autonomous ride-hailing service</a>, now operating in Phoenix, San Francisco, and Los Angeles, with Austin launching later this year. The company currently provides over 150,000 rides weekly across its 700-vehicle fleet.
Munster&#8217;s valuation model hinges on Waymo&#8217;s potential market share in the U.S. ride-sharing industry by 2030. In the most optimistic scenario, capturing 70% market share could generate $28 billion in earnings and an $850 billion valuation. A more conservative 30% market share scenario suggests an $11 billion earnings potential and $337 billion valuation.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I believe Alphabet will spin out Waymo in the next 2-4 years, with a potential valuation of $350B to $850B by 2030, which could add between 12-28% to <a href="https://twitter.com/search?q=%24GOOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOOG</a>&#39;s current market cap, depending on Alphabet&#39;s ownership percentage.<a href="https://t.co/O57fuOg9OR">https://t.co/O57fuOg9OR</a>
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1858939736175636797?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42076384/dogecoin-millionaire-predicts-ethereum-to-hit-15000-if-bitcoin-cracks-200000">&#8216;Dogecoin Millionaire&#8217; Predicts Ethereum To Hit $15,000 If Bitcoin Cracks $200,000</a>
Why It Matters: The report highlights that despite high upfront vehicle costs of approximately $200,000 per unit, removing human drivers could save about $82,000 annually per vehicle. Munster expects vehicle costs to decrease to around $100,000 to make the long-term economics viable.
Waymo recently <a href="https://www.benzinga.com/news/24/10/41567166/waymo-closes-5-6b-investment-round-to-expand-robotaxi-operations">raised $5.6 billion</a> in a Series D funding round led by Alphabet, with participation from major investors including Andreessen Horowitz and Fidelity, valuing the <a href="https://www.benzinga.com/news/24/10/41665245/alphabets-self-driving-subsidiary-waymo-hits-45-billion-valuation-surpassing-ford-other-major-brands">company at approximately $45 billion</a>. The funding suggests growing institutional confidence in Waymo&#8217;s autonomous driving technology and business model.
Munster predicts the autonomous ride-sharing market will primarily be contested between Waymo and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), with the first company to achieve widespread autonomy likely to capture the majority share.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42079280/as-tesla-rides-trump-rally-cathie-wood-sells-15-4m-worth-of-stock">As Tesla Rides Trump Rally, Cathie Wood Sells $15.4M Worth Of Stock</a></li>
</ul>
Image via Wikimedia Commons
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Waymo Maybe Too Small For Alphabet Investors To Care About Today, But The Self-Driving Spinoff's Could Be Valued At $850B By 20230, Says Gene Munster

In a big development, MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) Chairman Michael Saylor will present a case for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investment to the board of directors at Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
What Happened: During an X space hosted by asset manager VanEck, Saylor said he was contacted by the activist who put up the shareholder proposal to present to the board. 
&#8220;I agreed to provide a three-minute presentation. That's all you're allowed. I'm going to actually post that online and I'm going to present it to the board.&#8221;
Saylor said he even proposed meeting with CEO Satya Nadella to discuss the strategy, but the offer was not accepted.
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&mdash; VanEck (@vaneck_us) <a href="https://twitter.com/vaneck_us/status/1854915410371457236?ref_src=twsrc%5Etfw">November 8, 2024</a></blockquote>
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&#8220;I think it&#8217;s not a bad idea to put it on the agenda of every company. It ought to be put on the agenda of Berkshire Hathaway, Apple, and Google because they all have huge hordes of cash and they&#8217;re all burning shareholder value,&#8221; Saylor argued. 
The MicroStrategy chief said that Microsoft stock would be &#8220;much less risky&#8221; if half of its enterprise value—which was currently just around 1.5%— is based on tangible assets like Bitcoin.
Meanwhile, Saylor also offered to discuss the implications of adding Bitcoin to the Treasury with Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) CEO Chris Pavloski.
<a href="https://x.com/saylor/status/1858945523258159169" title="https://x.com/saylor/status/1858945523258159169">https://x.com/saylor/status/1858945523258159169</a> 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42072777/this-cat-coin-is-only-3-of-dogecoin-but-has-a-54-chance-of-being-listed-on-binance-or-coinbase-polymarket-traders-speculate">This Cat Coin Is &#8216;Only 3% Of Dogecoin&#8217; But Has A 54% Chance Of Being Listed On Binance Or Coinbase, Polymarket Traders Speculate</a>
Why It Matters: Microsoft was set to vote on an assessment of investing in Bitcoin during next month&#8217;s shareholders meeting. The shareholders&nbsp;requested&nbsp;the board conduct the assessment, citing Bitcoin&#8217;s healthy gains over the last five years.
The proposal explicitly mentioned MicroStrategy, a pioneer in corporate Bitcoin adoption whose shares have outperformed Microsoft in 2024.
Price Action: At the time of writing, Bitcoin was trading at $92,054.06, up 0.86% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Shares of MicroStrategy surged nearly 12% during Tuesday&#8217;s regular session, while Microsoft closed 0.49% higher.
Photo: DCStockPhotography/Shutterstock
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42076384/dogecoin-millionaire-predicts-ethereum-to-hit-15000-if-bitcoin-cracks-200000">&#8216;Dogecoin Millionaire&#8217; Predicts Ethereum To Hit $15,000 If Bitcoin Cracks $200,000</a></li>
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Microstrategy's Michael Saylor To Advocate For Bitcoin At Microsoft Board Meeting, Offers To Educate Rumble CEO As Well

Cannabis wholesale platform Nabis has launched in the New York cannabis market. The move officially marked its status as a bicoastal operator.
"Expanding to New York is about more than moving into a new market — by planting our roots on the East Coast, we're laying the groundwork for our next chapter of building the national wholesaling infrastructure for brands and retailers across America," Vince C. Ning, CEO and co-founder of Nabis, said.
Going forward, Nabis' wholesaling technology will provide rapid order fulfillment, payment processing, customer service and compliance to New York's burgeoning market. Nabis said it will serve nearly 10% of the state market by the end of the year.
How?
The two storage facilities are strategically located in the Bronx and Rochester allowing Nabis to undertake two-day shipping turnaround times in nearly all regions in the state, the company said in a Tuesday press release.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41381476/riv-capital-partners-with-cannabis-wholesale-platform-nabis-to-boost-new-york-distribution">RIV Capital Partners With Cannabis Wholesale Platform Nabis To Boost New York Distribution</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
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The structure in Rochester, which is a repurposed Kodak manufacturing facility, features 30,000 square feet of storage space, while the Bronx warehouse is a 10,000 square feet facility.
The opening of these warehouses allowed Nabis to create 100 new job opportunities in the state's cannabis industry.
In addition, Nabis has teamed up with a group of New York brands in its marketplace, including Ayrloom, Etain, Flwr City, Eaton Botanicals, Acreage, Flamer, LIVE, Tarot Tokes, Bristol Extracts, PLUGPLAY, Turn, Bloom and Dime, to name a few.
"In the cannabis industry, trusted collaborations are essential for navigating complex markets and driving sustainable growth," said Mack Hueber, president of Ayrloom. "We're thrilled to work with Nabis, whose reliability and expertise in distribution, particularly in downstate regions, enable us to scale efficiently while maintaining exceptional product value."
Read Next:
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<li>EXCLUSIVE: <a href="https://www.benzinga.com/markets/cannabis/24/09/40989988/exclusive-inside-the-amazon-of-weed-helping-400-cannabis-brands-save-and-grow-in-regulatory-maze">Inside The Amazon Of Weed, Helping 400 Cannabis Brands Save And Grow In Regulatory Maze</a></li>
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Cannabis

Cannabis Wholesale Platform Nabis Launches In New York, Opens Two Warehouses Creating 100 Jobs

Jensen Huang-led Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is poised to dominate as major tech players Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) ramp up their capital expenditures on artificial intelligence.
What Happened: On Tuesday, Wedbush analyst Dan Ives took to X, formerly Twitter, and predicted a strong performance from Nvidia, calling it the &#8220;only game in town with $1 trillion of AI Cap-Ex on the way.&#8221;
&#8220;We believe $2 billion beat/$2 billion guide higher,&#8221; Ives concluded.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We expect a drop the mic performance from Nvidia tomorrow night as Godfather of AI Jensen &amp; Co. are the only game in town with $1 trillion of AI Cap-Ex on the way with Nvidia&#39;s GPUs the new oil and gold in this world. We believe $2 billion beat/$2 billion guide higher&#x1f525;&#x1f3c6;&#x1f402;&#x1f37f;
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1858854901801009208?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/markets/24/11/42028954/peter-thiel-says-trumps-60-china-tariff-would-be-very-very-bad-for-beijing-heres-whats-at-stake?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Thiel Says Trump&#8217;s 60% China Tariff Would Be &#8216;Very, Very Bad&#8217; For Beijing, Here&#8217;s What&#8217;s At Stake</a>
Mark Zuckerberg&#8217;s Meta, which reported its <a href="https://www.benzinga.com/news/earnings/24/10/41637326/meta-platforms-q3-earnings-revenue-beat-eps-beat-daily-actives-up-5-strong-momentum-in-ai">third-quarter financial results</a> last month, exceeded its capex spending forecasts, driven largely by AI investments.&nbsp;The company raised the lower end of its 2024 capex guidance by $1 billion to $38 billion, with a significant increase anticipated in 2025.
Google&#8217;s parent company is also <a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan">set to match its capex spending</a> in the fourth quarter, bringing its total 2024 capex to $51.4 billion, a 59% increase year-over-year. The company also anticipates a rise in apex in 2025, albeit at a slower rate.
Similarly, Microsoft reported a capex of $20 billion <a href="https://www.benzinga.com/news/earnings/24/10/41636770/microsoft-q1-earnings-highlights-ai-driven-transformation-is-changing-work-company-beats-revenue-ep">for the first quarter</a>, nearly double the $11.2 billion from the same period last year. The company&#8217;s CFO Amy Hood expects a sequential increase in capital expenditure due to the projected demand&nbsp;for cloud and AI services.
Why It Matters: Analysts have predicted a &#8220;beat-n-raise&#8221; performance in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42068962/nvidia-q3-earnings-preview-analysts-expect-beat-n-raise-on-continued-data-center-strength">Nvidia&#8217;s third-quarter earnings</a>, with an expected revenue of $33.12 billion, a significant increase from last year&#8217;s $18.12 billion. The tech giant will report earnings on Wednesday, Nov. 20.
Despite recent <a href="https://www.benzinga.com/24/11/42028342/blackwell-backfires-nvidias-ai-chips-struggle-with-server-overheating-impacting-meta-microsoft-and-musks-xai-data-centers">overheating issues with</a> Nvidia&#8217;s new Blackwell AI chips, the company&#8217;s value is expected to surge, driven by the potential of the next-generation AI chip. Earlier in September, Analyst Beth Kindig of I/O Fund projected a <a href="https://www.benzinga.com/markets/equities/24/09/40670634/nvidia-set-to-reach-10-trillion-valuation-as-blackwell-expected-to-propel-chip-maker-with-firewo">$10 trillion valuation for Nvidia</a>.
Price Action: Nvidia shares rose 4.89% on Tuesday, closing at $147.01, with an additional 0.46% gain in after-hours trading, reaching $147.69 at the time of writing, according to data<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103024&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener"> from Benzinga Pro.</a>
Image via Unsplash
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<li><a href="https://www.benzinga.com/news/global/24/11/42054220/economics-professor-doubts-impact-of-dogecoin-inspired-elon-musk-led-department-on-federal-deficit-cites-this-as-major-concern?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Economics Professor Doubts Impact Of Dogecoin-Inspired, Elon Musk-Led Department On Federal Deficit, Cites This As Major Concern</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Dan Ives Expects 'Drop The Mic Performance' Tomorrow From Nvidia: Here's Why

Leading cryptocurrencies rose Tuesday with the successful debut of spot Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) exchange-traded funds (ETFs) options.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.46%</td>
<td>$92,264.28</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.96%</td>
<td>$3,112.15</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+4.77%</td>
<td>$0.3875</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin recorded a new all-time high after breaching $94,000. The rally came after Nasdaq listed options for BlackRock&#8217;s iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) for the first time, giving a fillip to institutional adoption of the world's largest cryptocurrency.
Robert Mitchnick, BlackRock's head of digital assets, told a panel at the Benzinga <a href="https://www.benzinga.com/digital-assets">Future of Digital Assets </a>conference that the <a href="https://www.benzinga.com/news/events/24/11/42078359/blackrocks-head-of-digital-assets-says-ibit-spot-bitcoin-etf-options-blow-past-1-billion-in-trading-volume">options trading volume breached the 1 billion mark</a> on its first day.
Ethereum wiggled in the $3,100 zone throughout the day. Over the last week, the asset lost nearly 5% of its value, while Bitcoin gained 4.59%.
Total cryptocurrency liquidations reached $293 million in the last 24 hours, with $183 million in bullish bets getting evaporated. .&nbsp;
Bitcoin's Open Interest (OI) increased by 2.54% in the last 24 hours, indicating opening of new derivatives.&nbsp;
Most of the new positions bet against Bitcoin's price rise, as Long/Shorts Ratio fell sharply below 1 in the last 24 hours.
The euphoria ebbed considerably, as the reading on the Cryptocurrency Fear and Greed Index dropped from 90 to 83.&nbsp;
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Cronos (CRO)</td>
<td>+10.25%</td>
<td>$0.1855</td>
</tr>
<tr>
<td>Kaia (KAIA)</td>
<td>+8.04%</td>
<td>$0.1481</td>
</tr>
<tr>
<td>Goatseus Maximus (GOAT)</td>
<td>+7.70%</td>
<td>$1.13</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.08 trillion, growing by 0.43% in the last 24 hours.
Tech-related stocks moved up Tuesday, bolstered by Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rally.
The Nasdaq Composite lifted 195.66 points, or 1.04%, to end at 18,987.47. The S&amp;P 500 added 0.40% to close at 5,916.98. Meanwhile, the Dow Jones Industrial Average recorded a second straight day of decline, closing 0.28% lower at 43,268.94.
Shares of Nvidia jumped 4.89% ahead of the company's highly-anticipated third-quarter earnings report on Wednesday.
Oil prices rose slightly after Ukraine used American-made long-range ATACMS <a href="https://www.benzinga.com/news/global/24/11/42064198/putin-revises-nuclear-doctrine-for-broader-strikes-after-us-backed-ukrainian-attack-markets-drop-bonds-gain">missiles to hit Russia</a>. The U.S. West Texas Intermediate (WTI) traded at $69.53 a barrel, up 0.22%.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular on-chain analytics firm Santiment noted lower enthusiasm on social media despite Bitcoin smashing past $94,000.
"The lack of euphoria is an encouraging sign, as FOMO typically leads to corrections," it added.
Santiment stated that as long as retail investors were quiet, whales can pump the market with minimal pushback.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4ca; Bitcoin&#39;s new all-time high now sits at $94,002, and the commentary across social media could be described as luke-warm at best. The lack of euphoria is an encouraging sign, as FOMO typically leads to corrections. As long as there is retail trader disbelief, whales can… <a href="https://t.co/PovcZidNcp">pic.twitter.com/PovcZidNcp</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1858980865163796813?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Widely-followed cryptocurrency analyst Ali Martinez raised the possibility of Ethereum outperforming Bitcoin in the days ahead.&nbsp;
"That hasn't happened yet in the current cycle, but it is certainly on the horizon. As ETH lags behind, there is an opportunity here to buy before it outperforms," the analyst added.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Every market cycle has experienced a phase where <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> outperforms <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. That hasn't happened yet in the current cycle, but it is certainly on the horizon. As <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> lags behind, there is an opportunity here to buy before it outperforms.<a href="https://t.co/q3yTrkgHuz">https://t.co/q3yTrkgHuz</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1859014181334425660?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In terms of price action, Martinez predicted that the second-largest cryptocurrency will reach the middle and upper boundaries of the ascending parallel channel, at $4,000 and $6,000, respectively.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">So, where is <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> going next? Well, the formation of an ascending parallel channel suggests <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> will test the middle and upper boundary, sitting at $4,000 and $6,000, respectively.<a href="https://t.co/mkpxAeXtXq">https://t.co/mkpxAeXtXq</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1859014190410985544?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Avi Rozen on Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/news/24/11/42027165/musks-doge-role-boosts-dogecoin-as-brian-armstrong-shows-support">Musk&#8217;s DOGE Role Boosts Dogecoin As Brian Armstrong Shows Support</a></li>
</ul>

$ETH

IBIT

Bitcoin, Dogecoin Gain, Ethereum Drops As BlackRock's ETF Options Volume Breaches $1B On Debut: Analyst Flags 'Opportunity' To Buy ETH Before It Outperforms BTC

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