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TuSimple Holdings Inc is an autonomous technology company in the global truck freight market. It has developed a technology for semi-trucks to build the Autonomous Freight Network (AFN) in partnership with shippers, carriers, railroads, freight brokers, fleet asset owners, and truck hardware partners. The company recognizes revenue from providing freight capacity services. TuSimple's two reportable geographic segments are the U.S. and APAC.

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UBS analyst Jay Sole maintains Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) with a Sell and raises the price target from $14 to $16.

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UBS Maintains Sell on Gap, Raises Price Target to $16

UBS analyst Mark Carden maintains BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) with a Buy and raises the price target from $102 to $108.

UBS Maintains Buy on BJ's Wholesale Club, Raises Price Target to $108

UBS analyst Steven Fisher maintains Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) with a Neutral and raises the price target from $404 to $462.

UBS Maintains Neutral on Deere, Raises Price Target to $462

UBS analyst Karl Keirstead maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Neutral and raises the price target from $275 to $360.

UBS Maintains Neutral on Salesforce, Raises Price Target to $360

Jefferies analyst Lloyd Byrne maintains Bloom Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) with a Hold and raises the price target from $12 to $22.

Jefferies Maintains Hold on Bloom Energy, Raises Price Target to $22

Jefferies analyst Jonathan Petersen maintains SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) with a Hold and raises the price target from $70 to $72.

Jefferies Maintains Hold on SL Green Realty, Raises Price Target to $72

Ocean Biomedical, Inc. (NASDAQ: OCEA), today announced that on November 18, 2024, it received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the "Form 10-Q"), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the "SEC").
Ocean Biomedical is delayed in filing the Form 10-Q as a result of previously disclosed developments with respect to filing of its 10-K for the year ended December 31, 2023.
The current notice will have no immediate effect on the listing or trading of Ocean Biomedical's common stock on Nasdaq, although there can be no assurances that further delays in the filing of the Form 10-Q will not have an impact on the listing or trading of the company's common stock. On October 16, 2024, Staff notified the Company that since it failed to timely file its Form 10-K for the year ended December 31, 2023, and its Forms 10-Q for the periods ended March 31, 2024 and June 30, 2024, the Company's securities were subject to delisting. The Company is now delinquent in the filing its form 10-Q for the period ended September 30, 2024. Accordingly, this matter serves as an additional basis for delisting the Company's securities from The Nasdaq Stock Market. This is formal notification that the Nasdaq Hearings Panel (the "Panel") will consider this matter in their decision regarding the Company's continued listing on The Nasdaq Capital Market, which hearing is scheduled for December 16, 2024. The Company intends to file the delinquent Forms 10-Q and 10-K as soon as practicable.

OCEA

Ocean Biomedical Announces Receipt Of Notice From Nasdaq Regarding Late Filing Of Quarterly Report

DA Davidson analyst Gil Luria maintains Procore Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCOR#NYSE">PCOR</a>) with a Neutral and raises the price target from $60 to $70.

PCOR

DA Davidson Maintains Neutral on Procore Technologies, Raises Price Target to $70

Chesapeake Utilities Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) ("Chesapeake Utilities" or the "Company") today announced that it has established an at-the-market equity offering program (the "ATM Program") under which it may, from time to time, sell shares of its common stock having an aggregate sales price of up to $100,000,000 (the "Shares"). Chesapeake Utilities has entered into an equity distribution agreement with each of RBC Capital Markets, LLC, Barclays Capital Inc., Janney Montgomery Scott LLC, Ladenburg Thalmann &amp; Co. Inc., Guggenheim Securities, LLC, Citizens JMP Securities, LLC, M&amp;T Securities, Inc., Maxim Group LLC, PNC Capital Markets LLC, and Siebert Williams Shank &amp; Co., LLC (collectively, the "Sales Agents"), as sales agents. Pursuant to the equity distribution agreement, sales of the Shares may be made in transactions deemed to be "at-the-market offerings," as defined in Rule 415 under the Securities Act of 1933, as amended, including by sales made directly on or through the New York Stock Exchange. Chesapeake Utilities intends to use the proceeds from the sales, if any, of the Shares for general corporate purposes, including, but not limited to, financing of capital expenditures, repayment of short-term debt, financing acquisitions, investing in subsidiaries, and general working capital purposes.

Offerings

Chesapeake Utilities Corporation Announces $100M At-The-Market Equity Offering Program

DA Davidson analyst Gil Luria maintains NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a Neutral and raises the price target from $90 to $135.

DA Davidson Maintains Neutral on NVIDIA, Raises Price Target to $135

DA Davidson analyst Gil Luria maintains Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) with a Neutral and raises the price target from $75 to $115.

ESTC

DA Davidson Maintains Neutral on Elastic, Raises Price Target to $115

<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42131449/with-gary-gensler-preparing-to-quit-in-2025-secs-crypto-cases-likely-to-quietly-go-away-amid-trumps-pro-bitcoin-stance-says-pantera-capitals-katrina-paglia">President-elect Donald Trump</a> needs to find someone else to replace US Securities and Exchange Commission chair Gary Gensler. 
The Details: According to <a href="https://www.bloomberg.com/news/articles/2024-11-22/robinhood-s-gallagher-drops-out-of-sec-chair-consideration?sref=TBDibEcD">Bloomberg</a>, Dan Gallagher, chief legal officer at Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) has removed himself from consideration as head of the SEC.
Gallagher expressed his intention to remain at Robinhood in an emailed statement. 
&#8220;It is always an honor to have your name in the mix for an incredibly important job like SEC Chairman. However, I have made it clear that I do not wish to be considered for this position,&#8221; Gallagher said.&nbsp;
&#8220;I am committed to Robinhood and our millions of customers who represent the new generation of retail investors.&#8221;
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/42119493/rumble-eyes-buying-bitcoin-could-it-be-the-next-microstrategy">Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally</a>
Gallagher has been Robinhood's chief legal officer since 2020. He steered the company through the GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) meme stock saga and Trump considered him a top <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41212008/trump-considers-robinhood-exec-dan-gallagher-for-sec-chair-if-re-elected">contender for the position</a>. He was a Republican SEC commissioner from 2011 to 2015, and previously served in other senior roles in the agency. 
The crypto community favored Gallagher, feeling he would <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41876266/bitcoin-blasts-past-82000-buy-everything-you-can-says-bernstein">help to advance</a> pro-crypto regulatory change.
Among the other names being floated for SEC chair include: Robert Stebbins, the SEC's former general counsel; Paul Atkins, former SEC commissioner; and Brian Brooks, former <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42053981/trump-sec-pick-speculation-sends-this-altcoin-soaring-past-bitcoin-and-ethereum-in-daily-gains">cryptocurrency executive</a> and former acting comptroller of the currency. 
As for Gallagher, he will stay on as head legal counsel at Robinhood.&nbsp;
"I will remain a vocal and consistent advocate for positive change in our markets,&#8221; Gallagher said. He added that he is &#8220;excited to work with the incoming Trump Administration, including the next SEC Chairman and the SEC staff, to promote innovation and provide more opportunity for retail investors.&#8221;
Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Robinhood shares ended Friday's session up 4.45% at $36.65. 
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Robinhood's Gallagher Bows Out Of SEC Chair Consideration Under Incoming Trump Administration

Jefferies analyst Omar Nokta maintains Navigator Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVGS#NYSE">NVGS</a>) with a Buy and maintains $20 price target.

NVGS

Jefferies Maintains Buy on Navigator Holdings, Maintains $20 Price Target

Despite widespread anticipation that NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)'s quarterly results would dictate Wall Street's year-end trajectory, the stock market delivered a robust weekly rebound — even in the absence <a href="https://www.benzinga.com/quote/NVDA/news">of its AI darling.</a>
While the semiconductor titan beat analyst expectations on both earnings and revenue for the third quarter, Nvidia's stock remained flat for the week.
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/GOOG#NASDAQ">GOOG</a>), the parent company of Google, faced sharp turbulence. Shares tumbled after the U.S. Department of Justice called for the divestiture of Chrome in a bid to curb Google's dominance in search and digital advertising.
The sell-off wiped out over $120 billion in market capitalization on Thursday alone.
A <a href="https://www.benzinga.com/tech/24/11/42140450/doj-targets-google-chrome-poll-shows-64-oppose-alphabet-breakup-youtube-seen-as-top-prize">recent Benzinga poll indicates</a> 64% of respondents oppose breaking up Alphabet, with YouTube viewed as the company's most valuable asset.
On the economic front, <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42141413/us-business-activity-soars-to-31-month-highs-in-november-small-caps-rally-dow-tops-44000">U.S. private sector activity expanded significantly</a> in November, as reflected in S&amp;P Global's Purchasing Managers' Index surveys. The services sector, in particular, surged at its fastest pace since March 2022, while price pressures continued to recede, creating less headwinds for the Federal Reserve.
Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rally shows no signs of cooling, with the cryptocurrency notching its fourth consecutive week of gains and hovering around the <a href="https://www.benzinga.com/24/11/42130693/bitcoins-path-to-100k-inevitable-but-leverage-to-the-gills-warns-mike-novogratz-predicts-80k-correction-ahead">historic $100,000 threshold.</a>
The U.S. dollar also maintained its upward momentum, rising for the eighth straight week to <a href="https://www.benzinga.com/news/econ-s/24/11/42138717/dollar-hits-2-year-highs-as-europes-recession-signals-spark-euro-pound-sell-offs">reach two-year highs.</a> This latest rally, however, stemmed largely from external turmoil, as escalating geopolitical tensions between Russia and Ukraine, coupled with worsening economic momentum in Europe, triggered sharp weekly sell-offs in the euro and the British pound.
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President-elect Donald Trump advocates for increased fossil fuel production with his &#8220;drill, baby, drill&#8221; policy. In contrast, Elon Musk, co-leader of the proposed Department of Government Efficiency (DOGE), envisions a future dominated by solar energy. UBS analysts recommend investors consider renewable energy stocks following their <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42130859/as-trump-backs-drill-baby-drill-his-doge-co-lead-elon-musk-believes-all-energy-generation-will-be-solar-heres-what-ubs-recommends-after-election-dip">election-induced market dip.</a>
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Cathie Wood of Ark Invest anticipates the Trump administration will provide regulatory clarity for Bitcoin and other digital assets, potentially incorporating them into <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42136536/ark-invests-cathie-wood-says-team-trump-would-give-regulatory-clarity-for-bitcoin-and-other-digital-assets-which-they-may-put-in-the-treasurys-strategic-reserve">the Treasury&#8217;s strategic reserve</a>.
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General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is reportedly preparing to enter Formula One in 2026, potentially partnering with Andretti Autosport. This move would mark GM&#8217;s first foray into F1, aligning with its global <a href="https://www.benzinga.com/24/11/42135392/general-motors-gears-up-for-potential-f1-entry-in-2026-report">motorsport expansion strategy.</a>
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Wall Street Rebounds Without Its AI Darling's Boost, King Dollar Maintains Dominance While Bitcoin Defies Gravity: This Week In The Markets

Rosenblatt analyst Catharine Trebnick maintains Zoom Video Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) with a Buy and maintains $78 price target.

Rosenblatt Maintains Buy on Zoom Video Comms, Maintains $78 Price Target

Bill Gates outspent fellow billionaire Jeff Bezos to construct one of the <a href="https://www.benzinga.com/general/entertainment/24/09/40860724/bezos-doesnt-sunbathe-alone-on-his-25m-a-year-superyacht-as-he-hosts-kim-kardashian-leonard">most expensive yachts ever</a>. Yet, he doesn&#8217;t seem too keen on owning it for himself.
What Happened: The Microsoft co-founder, known for his <a href="https://www.benzinga.com/general/education/24/10/41580000/bill-gates-turns-69-5-things-you-might-not-know-about-microsoft-co-founder">emphasis on sustainable energy</a>, commissioned a superyacht to be made using fuel cells.
The groundbreaking vessel, known as Breakthrough, has completed its sea trials. It is also set to be sold after Gates passed on buying it, as <a href="https://luxurylaunches.com/transport/bill-gates-645-million-fuel-cell-superyacht-has-finally-completed-its-extensive-sea-trials-powered-by-liquid-hydrogen-stored-at-a-bone-chilling-423f-nearly-as-cold-as-outer-space-the-mammo.php">reported </a>by LuxuryLaunches.
The $645 million superyacht is powered by liquid hydrogen, and stored at -423 degrees Fahrenheit. That makes it nearly as cold as outer space.
Along with using hydrogen power to travel, the yacht&#8217;s amenities are powered with emission-free energy thanks to green hydrogen.
Breakthrough completed trials near Amsterdam. The boat now heads to Edmiston, a seller of luxury yachts.
Coming in at 390 feet long, the Breakthrough is not quite as long as Bezos&#8217; 417-foot Koru vessel. Recall how the Amazon.com founder had difficulty getting the $500-million boat <a href="https://www.benzinga.com/news/22/08/28385974/jeff-bezos-500-million-superyacht-has-been-relocated-after-bridge-controversy-avoids-getting-egged-i">out of a shipyard.</a>
The Koru, which has its own support vessel spanning 250 feet long, comes with estimated annual operating costs of $25 million.
Breakthrough comes with an even higher price tag and is the first superyacht to be fuel-cell powered. It also features many amenities fit for Gates: a library, movie theater, basketball court, pool and onboard fully equipped hospital.
You may not be a billionaire like Bill Gates, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/general/entertainment/24/10/41187322/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that deserve your attention.</a>
What&#8217;s Next: Gates not taking ownership of the superyacht could take away from the huge fuel-cell accomplishment. Also, there are relatively few potential owners who can afford the $645 million price tag.
"The brief was to build the greenest and most environmentally advanced yacht ever built, without compromise," Edmiston CEO Jamie Edmiston previously said, as <a href="https://www.forbes.com.au/life/boats/first-look-at-game-changing-1-billion-hydrogen-superyacht/">reported </a>by Forbes. "It was a huge challenge, but one that the team has embraced and delivered on."
It is unknown why Gates decided not to take ownership of the superyacht he commissioned.
Gates, the sixth-richest person in the world, is worth an estimated $160 billion according to <a href="https://www.bloomberg.com/billionaires/?sref=TBDibEcD">Bloomberg</a>.
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Image via Flickr/ World Economic Forum

Education

Bill Gates Has Superyacht Powered By Liquid Nitrogen: It's Already For Sale After Sea Trials

The Company has been and continues to work diligently to complete the financial reporting process for the Form 10-Q and will file it as soon as possible. At the same time, the Company is continuing to work on implementing changes to address the issues that have caused delays in its timely filing or reports with the SEC. With the Thanksgiving Holiday next week, we will be unable to file the Form 10-Q until the first or second week of December. At that time, we will also refile the pending Registration Statement on Form S-1 (File No. 333-279091) (the "Form S-1").

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TechPrecision Receives Notification From Nasdaq Related To Delayed Quarterly Report

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Strata Skin Sciences Files For Mixed Shelf Offering Of Up To $25M

Trident Digital Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDTH#NASDAQ">TDTH</a>) reported $378.84 thousand in sales this quarter. This is a 21.27 percent decrease over sales of $481.17 thousand the same period last year.

Earnings

TDTH

Trident Digital Tech H1 Sales $378.84K Down From $481.17K YoY

SWAG

Stran & Company Notified Of Nasdaq Deficiency Due To Delayed Filing Of Q3 2024 Form 10-Q, Violating Listing Rule 5250(c)(1)

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Arm (NASDAQ:<a href="https://investorplace.com/stock-quotes/arm-stock-quote/">ARM</a>) stock is up on Thursday after investors in the semiconductor company learned that graphics card company Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) holds a large stake in it.



A recent filing with the Securities and Exchange Commission (SEC) reveals that Nvidia <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318071441&amp;type=PDF&amp;symbol=NVDA&amp;cdn=d9da84c7d94a575232b5d5c1b0a4d6da&amp;companyName=NVIDIA+Corporation&amp;formType=13F-HR&amp;formDescription=Quarterly+report+filed+by+institutional+managers%2C+Holdings&amp;dateFiled=2024-02-14">holds 1,960,784 shares</a> of ARM stock. These have a combined value of $147,343,114.



It isn&rsquo;t just ARM stock that Nvidia is interested in. The company also revealed stakes in Nano-X Imaging (NASDAQ:<a href="https://investorplace.com/stock-quotes/nnox-stock-quote/">NNOX</a>), Recursion Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/rxrx-stock-quote/">RXRX</a>), SoundHound AI (NASDAQ:<a href="https://investorplace.com/stock-quotes/soun-stock-quote/">SOUN</a>) and Tusimple&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TSPH#OTC">TSPH</a>) in that same filing.



Nvidia taking such a large stake in ARM stock is interesging considering it <a href="https://fortune.com/2024/02/14/nvidia-reports-stake-in-arm-ai-semiconductor-chips/">once tried to acquire the company</a> for $40 billion. That deal was shut down but it doesn&rsquo;t look like Nvidia has lost interest in the British semiconductor company.



<h2>How This Affects ARM Stock</h2>



News of Nvidia buying nearly $150 million worth of ARM stock have the company&rsquo;s shares on a wild ride today. The stock surged as much as 50% during pre-market trading on Thursday. However, the shares have mostly settled since then and are currently only up 2% as of this morning.



Trading activity for ARM stock also isn&rsquo;t as high as one might expect at about 855,000 shares this morning. That&rsquo;s still well below the company&rsquo;s daily average trading volume of roughly 12.6 million shares.



Investors looking for all of the latest stock market stories are in the right place!



We have all of the hottest stock market news worth reading about on Thursday! Among that is what&rsquo;s going on with shares of Cineverse&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/cnvs-stock-quote/">CNVS</a>), Treasure Global&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tgl-stock-quote/">TGL</a>) and China Natural Resources&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/chnr-stock-quote/">CHNR</a>)&nbsp;stock this morning. You can catch up on all of these stories down below!



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<li><a href="https://investorplace.com/2024/02/why-is-treasure-global-tgl-stock-down-38-today/">Why Is Treasure Global (TGL) Stock Down 38% Today?</a></li>



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</ul>On the date of publication, William White&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/02/nvidia-is-betting-big-on-arm-stock/">Nvidia Is Betting Big on ARM Stock</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Nvidia Is Betting Big on ARM Stock

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Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) can add boosting a struggling company to its list of recent accomplishments. The Silicon Valley giant recently <a href="https://www.investors.com/news/technology/nvidia-discloses-stakes-in-arm-soundhound-ai-nano-x-and-more/">disclosed investments</a> in several of its tech sector peers, including Nano-X Imaging (NASDAQ:<a href="https://investorplace.com/stock-quotes/nnox-stock-quote/">NNOX</a>). The medical imaging company isn&rsquo;t well known outside of its niche market, but since news broke of Nvidia&rsquo;s stake, NNOX stock has been surging. 



Nvidia doesn&rsquo;t rank among the company&rsquo;s top shareholders or even close to it. But its investment has given the stock a much-needed catalyst, thrusting Nano-X into the spotlight and sending shares up by more than 50% in just a few hours. 



Nano-X Imaging isn&rsquo;t the only company that Nvidia is betting on. However, out of the five stocks named in the <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001045810/4b0dec87-dde5-41c3-9f4b-b0157a47d2af.pdf">recent 13F filing</a>, NNOX is the best performer so far today. This could be the start of a turnaround for the little-known company that plunged in June 2023 and hasn&rsquo;t been able to make up the ground it lost.



<h2>What&rsquo;s Happening With NNOX Stock</h2>



NNOX stock is still one of today&rsquo;s <a href="https://investorplace.com/2024/02/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-thursday-feb-15th/">top market movers</a> despite losing some momentum since <a href="https://www.investors.com/news/technology/nvidia-discloses-stakes-in-arm-soundhound-ai-nano-x-and-more/">surging 125%</a> this morning. As of this writing, it is up more than 52% for the day. This is a better performance than SoundHound AI (NASDAQ:<a href="https://investorplace.com/stock-quotes/-stock-quote/"></a><a href="https://investorplace.com/stock-quotes/soun-stock-quote/">SOUN</a>) or China&rsquo;s Tusimple Holdings (OTCMKTS:<a href="https://investorplace.com/stock-quotes/tsph-stock-quote/">TSPH</a>), both of which received larger investments from Nvidia. In fact, out of the five companies named, Nano-X is the chipmaker&rsquo;s smallest position, encompassing only 379,856 shares.



This comes at a time when the company certainly needed a boost. NNOX stock has been declining since the summer of 2023, failing to demonstrate any sustainable growth. The company managed to hover among penny stock status but could never stay too far above it, rarely rising above $6 per share. Now, NNOX is nearing $10 and could easily pass it today. 



This performance led to a negative sentiment from many experts. In September 2023, as NNOX continued trending downward, InvestorPlace contributor Chandler Capital <a href="https://investorplace.com/2023/09/ticking-time-bombs-3-biotech-stocks-to-dump-before-the-damage-is-done/">issued a bearish take</a> on the stock, speculating:




&ldquo;We immediately see an excessive valuation that is seemingly only propped up by its most loyal of investors. With&nbsp;<a href="https://seekingalpha.com/symbol/NNOX/valuation/metrics" target="_blank">a trailing P/S of 36x</a>&nbsp;compared to its industry median of 3.52x, this stock is certainly overvalued. Until this company can reach a more reasonable valuation and stable metrics, I highly advise all investors to stay away from this ticking time bomb.&rdquo;




Clearly, Nvidia disagreed with this assessment. The tech sector leader has spent the past year making market history. Most recently, it became the world&rsquo;s <a href="https://investorplace.com/2024/02/nvda-stock-alert-nvidia-is-now-the-no-3-most-valuable-company-in-the-world/">third most valuable company</a> by market value. While it may not stay there for long, Nvidia is the undisputed leader of the artificial intelligence (AI) boom, and its power cannot be understated. Therefore, no one should ignore the bets it has made on companies in the tech space. 



<h2>What Comes Next</h2>



Given Nano-X&rsquo;s lack of status among <a href="https://investorplace.com/industries/technology/">tech stocks</a>, it&rsquo;s hard to say if its current momentum will continue. However, the company is now on the radar of the entire investing world after only having <a href="https://www.tipranks.com/stocks/nnox/forecast">two takes</a> from Wall Street analysts. Investors are paying attention to the stocks that Nvidia is betting on. That said, Nano-X does operate in a lucrative field. The medical imaging market is <a href="http://6.2%">expected to expand </a>at a compound annual growth rate (CAGR) of 6.2% between 2024 and 2030. If it does, NNOX stock will likely continue making progress. 



On the date of publication, Samuel O&rsquo;Brient&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>. 
<div>Samuel O&rsquo;Brient is a Reporter for InvestorPlace, where his work focuses primarily on financial markets, global economic trends, and public policy. O&rsquo;Brient writes a weekly column on recent political news that investors should be following.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/02/nano-x-imaging-nnox-stock-soars-50-on-nvidia-investment/">Nano-X Imaging (NNOX) Stock Soars 50% on Nvidia Investment</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Nano-X Imaging (NNOX) Stock Soars 50% on Nvidia Investment

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) is off to a great start this year, and thanks to its recent 13F filing, so are five other <a href="https://investorplace.com/industries/technology/">tech stocks</a>. The chipmaker has seen shares surge more than 220% over the past year as the artificial intelligence (AI) boom has overtaken markets. Nvidia recently proved, though, that it has the power not just to demonstrate impressive growth but to help smaller companies rise as well. In a report for the 2023 fiscal year filed with the U.S. Securities and Exchange Commission (SEC), the company <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001045810/4b0dec87-dde5-41c3-9f4b-b0157a47d2af.pdf">revealed positions</a> in five smaller companies, revealing what its leaders saw as the best stocks to buy over the past year. 



This list included companies, both large and small, including penny stock SoundHound (NASDAQ:<a href="https://investorplace.com/stock-quotes/soun-stock-quote/">SOUN</a>). However, thanks to <a href="https://investorplace.com/2024/02/nvidia-is-betting-on-soundhound-ai-soun-stock/">Nvidia&rsquo;s investment</a>, it may not be trading below the $5 mark for long. Wedbush Securities analyst Dan Ives i<a href="https://markets.businessinsider.com/news/stocks/soundhound-stock-price-nvidia-investment-artificial-intelligence-ai-stock-market-rally-2024-2">ssued the following take</a> in a note to investors today:




&ldquo;We view this as a positive indicator for the company as this investment now further solidifies the company&rsquo;s brand within the AI Revolution with the Godfather of AI Jensen and NVDA now backing SOUN and we believe this could be the start of a broader investment into the company down the line which is a clear tailwind.&rdquo;




Does this mean that the other companies Nvidia is betting on are going to keep rising during the coming months? Let&rsquo;s take a look at the stocks to buy if you want to invest like one of Silicon Valley&rsquo;s leading tech and assess what the future likely holds for these AI-focused tech plays. An investment from a company like Nvidia can change the ways in which investors regard them.



<h2>Stocks to Buy: Arm Holdings (ARM)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/arm1600-3-300x169.png" alt="ARM company logo or ARM Holding plc logo on smartphone hardware. is a British semiconductor and software design company owned by SoftBank group"><div>Source: Poetra.RH / Shutterstock.com</div></div>


Since going public in September 2023, Arm Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/arm-stock-quote/">ARM</a>) has performed very well. The British semiconductor producer has risen more than 107% over the past six months. 



As InvestorPlace contributor Charles Munyi notes, this <a href="https://investorplace.com/2024/02/the-3-best-ai-stocks-to-buy-in-february-2024/">can be attributed</a> to soaring demand for graphic processing units (GPUs). Nvidia also makes these key AI products, which is likely the reason it <a href="https://fortune.com/2024/02/14/nvidia-reports-stake-in-arm-ai-semiconductor-chips/">tried to acquire Arm</a> in 2020 in a deal worth $40 billion. While antitrust pressure ultimately stopped it, that didn&rsquo;t stop Nvidia from acquiring a sizable chunk of the company. According to the <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001045810/4b0dec87-dde5-41c3-9f4b-b0157a47d2af.pdf">13F filing</a>, it currently owns 1,960,784 shares of ARM stock, a total value of $147,343,114. 



<h2>Nano-X Imaging (NNOX)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/nnox1600-300x169.png" alt="Nano-X Imaging is revolutionizing healthcare with its novel digital X-ray technology. The firm is dedicated to affordable, early detection. NNOX stock"><div>Source: MacroEcon / Shutterstock.com</div></div>


This medical imaging company isn&rsquo;t well known, but it has been surging since news broke of Nvidia&rsquo;s investment. Nano-X Imaging (NASDAQ:<a href="https://investorplace.com/stock-quotes/nnox-stock-quote/">NNOX</a>) is the smallest position out of the five, with Nvidia owning only 59,632 shares, worth $379,856 combined. However, NNOX stock <a href="https://investorplace.com/2024/02/nano-x-imaging-nnox-stock-soars-50-on-nvidia-investment/">surged more than 50% </a>this morning and has barely dipped, indicating that its ride isn&rsquo;t over yet. If Nvidia bought its shares anytime after the summer of 2023, then it likely acquired NNOX at a discounted price, making it a highly strategic investment. It seems that the tech giant knows which stocks to buy when they are on a dip.



This could be the turning point that Nano-X needs to start making up the ground it has lost since then. It operates in a lucrative, albeit niche, market that is <a href="https://finance.yahoo.com/news/global-medical-imaging-market-size-112000714.html#:~:text=GlobeNewswire-,Global%20Medical%20Imaging%20Market%20Size%2C%20Share%20%26%20Growth%20Analysis%2C%20%5B,%5D%20%7C%20With%20CAGR%20of%206.2%25&amp;text=As%20per%20the%20report%20by,6.2%25%20during%20the%20forecast%20period.">projected to reach</a> a $61.51 billion valuation by 2030. For companies in the space, that means ample room to run, which Nvidia clearly thinks NNOX stock can do. 



<h2>Stocks to Buy: Recursion Pharmaceuticals (RXRX)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/rxrx1600-300x169.png" alt="Recursion Pharmaceuticals (RXRX) website displayed on a modern smartphone"><div>Source: Piotr Swat / Shutterstock.com</div></div>


The only company on this list not in the tech space, Recursion Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/rxrx-stock-quote/">RXRX</a>) may strike some as an odd choice for an investor like Nvidia. However, the company does offer investors some AI exposure. In fact, it features a platform powered by AI that is <a href="https://investorplace.com/2023/12/3-genomics-stocks-to-unlock-the-future-of-medicine/">helping its peers</a> in the genomics and biotech&nbsp;spaces. The pharmaceutical innovator has enjoyed a year of mostly steady growth, with share prices roughly doubling since early 2023. It&rsquo;s also the largest holding out of the five stocks on this list, with Nvidia holding 7,706,363 shares. 



While RXRX stock hasn&rsquo;t risen today by as much as NNOX, it has still spent the day slowly trending upward. And Nvidia isn&rsquo;t the only one betting on it. Famed contrarian investor Cathie Wood of Ark Invest also saw it as a clear choice among stocks to buy after Recursion announced its new platform. Her funds <a href="https://investorplace.com/2024/01/cathie-wood-is-betting-big-on-recursion-pharmaceuticals-rxrx-stock/">purchased 74,000 shares</a> of RXRX stock, making it a <a href="https://ark-funds.com/funds/arkg/">top 10 holding</a> in its ARK Genomic Revolution ETF (BATS:<a href="https://investorplace.com/stock-quotes/arkg-stock-quote/">ARKG</a>). The list of prominent names throwing their weight behind Recursion only seems to be growing. 



<h2>SoundHound AI (SOUN)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/soun1600-1-300x169.png" alt=" In this photo illustration, the SoundHound logo seen displayed on a smartphone. SOUN stock"><div>Source: rafapress / Shutterstock.com</div></div>


Even in the throes of the AI boom, it&rsquo;s been hard for SoundHound AI to find real momentum. This penny stock has seen some growth during the AI gold rush, but it has still struggled to demonstrate any real growth. However, Nvidia&rsquo;s bet on SOUN stock sent it soaring, pushing shares up by more than 50% today. While it still trades at penny stock levels, if this growth continues, it could easily rise above $5 per share soon. As InvestorPlace contributor Jeremy Flint reports:




&ldquo;SoundHound AI is a small-cap AI stock that <a href="https://investorplace.com/2024/02/3-ai-stocks-that-could-be-the-next-palantir/">may not stay small</a> for long. The company is bringing AI into oft-overlooked fields within voice recognition, like helping restaurant operations&nbsp;<a href="https://finance.yahoo.com/news/soundhound-ai-soun-boosts-restaurants-163200299.html">improve order flow</a>&nbsp;through AI voice assistance. Voice recognition is a small but growing field, and as AI stocks like SOUN show us, the total addressable market is as wide as a company can adapt its tech to serve.&rdquo;




Flint speculated that SoundHound could become the next Palantir Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/pltr-stock-quote/">PLTR</a>). Nvidia evidently agrees with that analogy, as it has purchased 1,730,883 shares of SOUN stock. This type of endorsement could be exactly what the small-cap company needs to show investors that it is worth betting on.



<h2>Stocks to Buy: TuSimple Holdings (TSPH)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/tsph1600-300x169.png" alt="TuSimple company brand logo on official website. TSPH stock"><div>Source: Robert Way / Shutterstock.com</div></div>


Nvidia&rsquo;s bet on this Chinese autonomous trucking technology company likely turned some heads for one reason: TuSimple (OTCMKTS:<a href="https://investorplace.com/stock-quotes/tsph-stock-quote/">TSPH</a>) is a microcap stock that trades at much lower levels than even SoundHound, with a market cap of just over $105 million. Even after rising almost 35%, TSPH still trades at only $0.48 per share. However, Nvidia clearly saw it as a key opportunity to buy a company with high growth potential on a dip. It finished 2023 with 3,465,372 TuSimple shares. The fact that this stock has spent the past six months bleeding out 70% further suggests that Nvidia is optimistic about its growth prospects. 



For all that, investors should be careful to account for TuSimple&rsquo;s progress. In June 2023, it <a href="https://ir.tusimple.com/press-releases/news-details/2023/TuSimple-Becomes-First-to-Successfully-Operate-Driver-Out-Fully-Autonomous-Semi-truck-on-Open-Public-Roads-in-China/default.aspx">became the first company</a> to successfully operate a fully autonomous semi-truck on China&rsquo;s open road. With a strong presence in both China and the United States, the company is well-positioned to secure a piece of a <a href="https://www.globenewswire.com/news-release/2024/02/06/2824047/28124/en/Global-Autonomous-Trucks-Market-Outlook-Report-2024-Enhancing-Road-Safety-and-Meeting-the-Rising-Demand-for-Logistics-from-the-Boom-of-in-e-Commerce-Amid-a-Driver-Shortage.html">fast-growing</a> market. 



On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.&nbsp;



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On the date of publication, Samuel O&rsquo;Brient&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Samuel O&rsquo;Brient is a Reporter for InvestorPlace, where his work focuses primarily on financial markets, global economic trends, and public policy. O&rsquo;Brient writes a weekly column on recent political news that investors should be following.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/02/5-stocks-to-buy-to-invest-like-nvidia/">5 Stocks to Buy to Invest Like Nvidia</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

5 Stocks to Buy to Invest Like Nvidia

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Earlier this week, the <a href="https://investorplace.com/2024/05/what-is-chubb-7-things-to-know-about-the-warren-buffett-mystery-stock/">deadline for regulatory disclosures</a> sparked much intrigue regarding certain institutional investors. Among them was technology juggernaut Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>). Curiously, the company abandoned its stake in TuSimple (OTCMKTS:<a href="https://investorplace.com/stock-quotes/tsph-stock-quote/">TSPH</a>), an enterprise that leverages artificial intelligence (AI) to facilitate autonomous driving for semi-trucks. Previously, TSPH stock soared when Nvidia earlier disclosed owning a small position.



For the fourth quarter&rsquo;s <a href="https://whalewisdom.com/filer/nvidia-corp">13F disclosure</a> filed with the U.S. Securities and Exchange Commission (SEC), Nvidia revealed that it owned around 3.47 million shares of TSPH stock. The market value of these shares amounted to $3.04 million or 87.7 cents per share. However, the estimated average buying price stood at approximately $1.12. per share. At the time, the position represented 1.32% of the semiconductor giant&rsquo;s portfolio.



However, for the latest Q1 disclosure, Nvidia publicized that it sold its entire position. From a money management perspective, the move made sense. On a year-to-date basis, TSPH stock is down nearly 62%. Over the past 52 weeks, it shed almost 76%. Thus, Nvidia may have wanted to avoid sending good money into bad.



<h2>Nvidia Dumping TSPH Stock Clashes with Prior Sentiment</h2>



While arguably sensible, the move by Nvidia is jarring. Back in mid-February of this year, the tech firm&rsquo;s 13F disclosure for Q4 revealed the aforementioned position in TSPH stock. The publication of that stake sent TuSimple soaring as <a href="https://www.cnbc.com/2024/02/15/nvidia-holdings-disclosure-pumps-up-shares-of-small-ai-companies.html#:~:text=Nvidia%20invested%20in%20TuSimple%20in,in%20public%20equity%2C%20or%20PIPE.">investors clamored for anything related to AI</a>, especially businesses involved with Nvidia.



Further, Nvidia <a href="https://techcrunch.com/2017/08/16/nvidia-invests-in-chinese-autonomous-trucking-startup-tusimple/">invested in TSPH stock in 2017</a>, four years before TuSimple&rsquo;s initial public offering. Likely, this information bolstered investor sentiment, even though TSPH has turned wildly volatile since late 2021.



In early 2022, TuSimple generated headlines when it revealed a <a href="https://www.reuters.com/technology/self-driving-truck-company-tusimple-use-nvidia-chips-autonomous-computing-2022-01-04/">partnership</a> with Nvidia. The deal involved using the chipmaker&rsquo;s semiconductors to design and build an autonomous driving system for self-driving trucks.



Unfortunately for speculators, the once-promising relationship appears to be ending. Early this year, The Wall Street Journal reported that the U.S. Department of Commerce <a href="https://www.wsj.com/tech/tusimple-china-company-chip-shipment-investigation-13e362be">stopped a shipment</a> of 24 Nvidia chips bound for one of TuSimple&rsquo;s subsidiaries in Australia.



Although advanced U.S. chips can be sent to Australia, the Biden administration&rsquo;s policies prohibit transfers of such products to China. Federal investigations previously targeted TuSimple amid concerns that it was transferring technology to China.



<h2>Why It Matters</h2>



Since its public market debut, TSPH stock has lost more than 99%, per data from Google Finance. It&rsquo;s one of the worst implosions of market value. In April 2021, Reuters noted that TuSimple <a href="https://www.reuters.com/article/idUSKBN2C21A6/">raised over $1 billion in its initial public offering</a> (IPO). At the time, the deal valued the company at nearly $8.5 billion.



On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.&nbsp;



Read More:&#8239;Penny Stocks &mdash; <a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>&nbsp;



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/05/nvidia-abandoned-tusimple-tsph-stock-in-q1/">Nvidia Abandoned TuSimple (TSPH) Stock in Q1</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Nvidia Abandoned TuSimple (TSPH) Stock in Q1

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Press Releases

TuSimple Appoints Two New Directors to its Board of Directors

TuSimple Reaches Settlement Agreement With the Committee on Foreign Investment in the United States

Camac Partners Calls on TuSimple to Take Long Overdue Step of Monetizing Remaining Assets and Returning Capital to Shareholders

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TuSimple Expands into Generative AI for Animation and Video Games with "The Three-Body Problem" Partnership

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