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

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This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . Friday recap Wall Street was closed for Memorial Day on Monday, so here's a recap of what happened on Friday. The Nasdaq Composite reached a new record high, fueled by Nvidia's exceptional earnings report. 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. The S&P 500 closed 0.7% higher to end the week up 0.03%. However, the Dow Jones Industrial Average clocked its first weekly decline in five weeks even as it rose marginally on Friday. Treasury yields were little changed and oil prices bounced back from three-month lows. Nvidia CEO's net worth soars Nvidia CEO Jensen Huang's net worth soared to over $90 billion as better-than-expected earnings sent the company's stock soaring to a record high. Last Thursday, the stock rose more than 9% to close at nearly $1,038 per share. Huang owns about 86.76 million shares of Nvidia, or more than 3.5% of the company's outstanding shares. Five years ago, Huang's stake in Nvidia was worth roughly $3 billion. Investors told to reject Musk deal Glass Lewis, a proxy advisory firm, has suggested Tesla shareholders to reject a $56 billion pay package for CEO Elon Musk, citing its excessive size, potential for stock dilution, and Musk's involvement in multiple time-consuming projects. The package, voided by a judge in January, is tied to Tesla's market value reaching certain targets. The firm also criticized a proposed move to incorporate Tesla in Texas. Tesla's board defends the package, citing Musk's role in the company's growth. Google AI Overview misfires Google's "AI Overview" feature in search is facing criticism for producing incorrect or controversial responses. Users shared examples of errors, such as stating Obama was a Muslim president and suggesting adding glue to pizza. While these issues highlight the challenges of AI-generated content, Google asserted most information was of high quality and the company was addressing the problems. Google's Gemini image-generation tool had faced also faced issues, with users pointing out historical inaccuracies and questionable responses. $5.3 billion weight-loss plant Eli Lilly is investing $5.3 billion to expand a manufacturing plant in Indiana due to high demand for its weight loss and diabetes drugs. This brings Eli Lilly's total investment in the site to $9 billion, the largest in the company's history. The plant, which will manufacture the active ingredient in both the drugs, is expected to be fully operational by 2028. The company is also investing in other manufacturing sites to meet the growing demand for these drugs. [PRO] Overinvested in Nvidia? While Wall Street is pretty bullish on Nvidia, with many analysts raising their price targets following last week's blockbuster earnings, some investors may feel they are overexposed to the artificial intelligence chipmaker. CNBC's Weizhen Tan looks at some stocks that may help diversify your portfolio.