Cardi B's WAP has new meaning at the BET Awards: winning and pregnant.
The Grammy-winning star debuted her baby bump during a live performance on Sunday, alongside husband Offset as well as Quavo and Takeoff of Migos. She also won Video of the Year for her No 1 hit WAP featuring Megan Thee Stallion.
Cardi B did not stay to accept the honour at the Microsoft Theatre in Los Angeles, but Stallion rushed to the stage to pick up the award after her performance. However, she forgot to thank Cardi B during her speech.
Scroll through the gallery above for all the winners and performers of the night.
But the Savage rapper made up for it when she won Best Female Hip-Hop Artist moments later.
"I really forgot to say thank you Cardi for even putting me on WAP, because it makes me feel so good to be acknowledged by one of my peers, who I think so highly of," Stallion said. "I think so highly of all the women who was nominated in this category. Everybody knows I'm a girls' girl."
During her speech, the Grammy winner also paid tribute to her mother, who died in 2019.
“Thank you momma for putting it in me to even want to be a female rapper and putting the work ethic inside of me and the drive and push,” she said. “She can’t be here with me today but I still think about her everyday and she is the reason why I keep going.”
The awards show celebrated “the year of the black woman,” as actor and host Taraji P Henson said at the start of the show.
US Representative Maxine Waters said her signature phrase — “reclaiming my time” — before Jazmine Sullivan hit the stage for a sultry, top-notch performance featuring fellow R&B singer Ari Lennox.
Sullivan won Album of the Year for her critically acclaimed EP Heaux Tales. Like Stallion, she also honoured her mother, who is battling cancer and stood next to her during the show.
“Two years ago we would have never expected to be here. My mom was diagnosed with breast cancer two years ago so we didn’t see any of this happening, but God has been so faithful to us and my mom is in remission,” Sullivan said.
“This is my prize. This is my gift. It means more to me than anything that she’s her with me. She supported me all my life.”
The first award of the night went to Andra Day, who won Best Actress, while Darnella Frazier – the teenager who pulled out her cellphone and began recording when she saw George Floyd being pinned to the ground by a police officer – was given the Shine a Light Award.
Frazier did not attend the awards show but the honour came weeks after she was awarded a special citation by the Pulitzer Prizes for her video that helped launch a global movement to protest racial injustice.
HER, who also wowed the audience with her performance, won Best Female R&B/Pop Artist. The Grammy winner told the crowd that it is “important for us to recognise each other and celebrate each other".
"If we don't, who else will?" she said.
The rest of the BET Awards featured more black girl magic: Grammy, Emmy and Golden Globe-winner Queen Latifah received the Lifetime Achievement Award and Lil Kim, City Girls and Rapsody performed.
Rapper Lil Baby and gospel performer Kirk Franklin joined forces to kick off the show with a performance that got Issa Rae, Queen Latifah, DJ Khaled and Zendaya bouncing in their seats. Dressed in all white, the artists performed the anthemic song We Win and were joined by dozens of background dancers and band members for the top notch performance.
Swizz Beatz curated a tribute to DMX, who died in April at age 50. Performers included Busta Rhymes, Method Man and Griselda. Lil Nas X and DJ Khaled also hit the stage during the show.
Lil Nas X won over the crowd with his No 1 hit Montero (Call Me By Your Name). His stage was set in Ancient Egypt, much like Michael Jackson's Remember the Time, which Lil Nas X paid tribute to with a skilled dance break during the performance.
Other winners Sunday included Chris Brown, who won best male R&B/pop artist; Giveon, named best new artist; and Silk Sonic — the duo of Bruno Mars and Anderson .Paak — took home the best group award. Chadwick Boseman posthumously won best actor.
Below is the list of winners at the 2021 BET Awards:
— Video of the year: Cardi B featuring Megan Thee Stallion, WAP
— Best female R&B/pop artist: HER
— Best male R&B/pop artist: Chris Brown
— Best female hip-hop artist: Megan Thee Stallion
— Best male hip-hop artist: Lil Baby
— Best new artist: Giveon
— Best group: Silk Sonic (Bruno Mars and Anderson .Paak)
— Best collaboration: Cardi B featuring Megan Thee Stallion, WAP
— Album of the year: Jazmine Sullivan, Heaux Tales
— Viewer's Choice Award: Megan Thee Stallion featuring Beyonce, Savage (Remix)
— Lifetime Achievement Award: Queen Latifah
— Dr. Bobby Jones best gospel/inspirational Award: Kirk Franklin, Strong God
— BET HER Award: SZA, Good Days
— Video director of the year: Bruno Mars and Florent Dechard
— Best actress: Andra Day
— Best actor: Chadwick Boseman
— Best movie: Judas and the Black Messiah
— Youngstars award: Marsai Martin
— Sportswoman of the year: Naomi Osaka
— Sportsman of the year: LeBron James
— Best international act: Burna Boy (Nigeria)
— Viewer's choice — best new international act: Bree Runway (UK)
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How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
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