Shares of Tesla (TSLA) recouped its losses from the beginning of the year after 11-straight days of gains, only to turn negative after reports of the company pushing back the unveiling of its robotaxi to October. In addition, Elon Musk's xAI recently ended talks with Oracle (ORCL) for a potential $10 billion server deal to build out its infrastructure. As AI competition from Big Tech names like Alphabet (GOOG, GOOGL) and Microsoft (MSFT) heat up, can Musk's new company keep up or will it eclipse them entirely? Deepwater Asset Management managing partner Doug Clinton joined the show to give insight into Musk's abilities and the performances of his companies. The so-called Magnificent Seven - Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) - had their worst day in about a year as many of these names closed the day in the red. While AI is all the rage in boardroom meetings and earnings reports, actual adoption may not be as widespread as the impression the corporate world is giving off. Goldman Sachs found artificial intelligence adoption to be muted as companies are still exploring how to integrate large language models. Lots of companies want to get into the weight-loss drug market. Portal Innovations Co-Founder and CEO John Flavin stopped by to discuss how venture capitalists are investing in the space. For more expert insight and the latest market action, click here