CNBC Daily Open: Musk's AI start-up raises $6 billion

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CNBC Daily Open: Musk's AI start-up raises $6 billion
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Elon Musk's artificial intelligence startup, xAI, secured $6 billion in Series B funding, valuing the company at $24 billion.

Elon Musk attends the 2024 Breakthrough Prize Ceremony at Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California.This report is from today's

Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeWall Street was closed for Memorial Day on Monday, so here's a recap of what happened on Friday. The. Nvidia's stock rose 2.6% on Friday, contributing to a 15% surge for the week, while the Nasdaq led major indexes with a 1.41% weekly gain. Thesent the company's stock soaring to a record high.

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