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Nvidia, Arm Stocks Rise Following Meta Deal

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Nvidia CEO Jensen Huang with Meta CEO Mark Zuckerberg at a conference in July 2024.

Nvidia shares rose around 2.5% Wednesday morning, following a tepid start to 2026.

Shares of Meta and Google parent Alphabet were little changed.

Shares of chip designer Arm gained about 1.5%. Nvidia uses Arm’s technology in its CPUs.

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Trump pitches economic plan in Georgia as high prices frustrate voters

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Trump pitches economic plan in Georgia as high prices frustrate voters


Trump pitches economic plan in Georgia as high prices frustrate voters

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German tax revenues fell by 3.4% in January, finance ministry says

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German tax revenues fell by 3.4% in January, finance ministry says


German tax revenues fell by 3.4% in January, finance ministry says

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Form 13G Alpha Cognition Inc. For: 19 February

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Form 13G Alpha Cognition Inc. For: 19 February

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Form 13G Power REIT For: 19 February

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Form 13G Power REIT For: 19 February

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Slocombe elected chair of RFDS, Joanne Farrell appointed deputy chair

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Slocombe elected chair of RFDS, Joanne Farrell appointed deputy chair

The Royal Flying Doctor Service in Western Australia has elected Robert Slocombe as chair, effective from April 27.

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Iran tells UN chief it will respond ’decisively’ if subjected to military aggression

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Iran tells UN chief it will respond ’decisively’ if subjected to military aggression


Iran tells UN chief it will respond ’decisively’ if subjected to military aggression

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Southern Co raises spending plan by 7% as data center power demand swells

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Southern Co raises spending plan by 7% as data center power demand swells


Southern Co raises spending plan by 7% as data center power demand swells

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Tesla CEO Elon Musk confirms Cybercab will sell for $30,000 by 2027

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Tesla CEO Elon Musk confirms Cybercab will sell for $30,000 by 2027

Tesla CEO Elon Musk said the company plans to sell its fully autonomous Cybercab for $30,000 or less by 2027.

The electric-vehicle maker announced Tuesday that the first Cybercab had rolled off the production line at its Giga Texas factory. Shortly after, Musk responded on X to a user seeking clarification about whether the vehicle would actually launch at that price point before 2027.

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“Elon – to be clear – the bet was that Tesla wouldn’t sell a Cybercab to a customer for $30k or less before 2027,” the user asked. “Are you saying THAT specifically is going to happen?”

“Yes,” Musk responded.

TESLA DODGES CALIFORNIA LICENSE SUSPENSION AFTER DROPPING MISLEADING ‘AUTOPILOT’ MARKETING TERMS

Tesla CEO Elon Musk

Elon Musk attends the Viva Technology conference at the Porte de Versailles exhibition center on June 16, 2023, in Paris, France. (Chesnot/Getty Images)

The “bet” referenced in the exchange dates back to 2024, when Musk first unveiled the long-anticipated robotaxI and said it would cost less than $30,000 and enter production in 2026. 

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YouTuber Marques Brownlee, known as MKBHD, publicly questioned at the time whether Tesla could hit that target by 2027, saying he would shave his head on camera if Musk proved him wrong.

Following Tuesday’s production milestone, Musk appeared to lean into the challenge, reacting to an edited image of a bald Brownlee circulating on X.

SELF-DRIVING CAR COMPANIES WAYMO, TESLA TO TESTIFY AT KEY SENATE COMMITTEE ON REGULATING GROWING INDUSTRY

Tesla Cybercab exterior

The exterior of a Tesla Cybercab at the 2025 Autosalon on Jan. 10, 2025 in Brussels, Belgium.  (Sjoerd van der Wal/Getty Images)

“Gonna happen,” Musk wrote, adding a laughing emoji.

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The Cybercab is a two-seat vehicle designed without traditional driving controls such as pedals or a steering wheel. 

Tesla describes it as a “purpose-built fully autonomous vehicle” that will eventually offer rides directly to consumers.

TESLA ENDS PRODUCTION OF MODEL S AND MODEL X VEHICLES, WILL FOCUS ON ROBOTS IN 2026

Tesla Cybercab interior

A Tesla Cybercab is pictured on display at the AutoSalon on Jan. 10, 2025 in Brussels, Belgium.  (Sjoerd van der Wal/Getty Images)

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Still, Musk warned last month that early production of both the Cybercab and Tesla’s humanoid robot, Optimus, would be “agonizingly slow” before ramping up over time, Reuters reported.

Tesla and Brownlee did not immediately respond to FOX Business’ request for comment.

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Mister Car Wash Is Going Private. Why Things Never Worked Out for the Stock.

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Mister Car Wash Is Going Private. Why Things Never Worked Out for the Stock.

Mister Car Wash Is Going Private. Why Things Never Worked Out for the Stock.

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FCNCN: 6.625% Fixed Rate Reset Preferred IPO From First Citizens BancShares (NASDAQ:FCNCA)

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FCNCN: 6.625% Fixed Rate Reset Preferred IPO From First Citizens BancShares (NASDAQ:FCNCA)

This article was written by

Arbitrage Trader, aka Denislav Iliev has been day trading for 15+ years and leads a team of 40 analysts. They identify mispriced investments in fixed-income and closed-end funds based on simple-to-understand financial logic.
Denislav leads the investing group Trade With Beta, features of the service include: frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of 1200+ equities, IPO previews, hedging strategies, an actively managed portfolio, and chat for discussion. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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