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

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