Dernières nouvelles pour Alphabet (NASDAQ:GOOGL) Stock

Alphabet

Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.

Alphabet Inc

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index moved to the &#8220;Greed&#8221; zone on Thursday.
U.S. stocks settled higher on Thursday, with the Dow Jomes index gaining more than 450 points during the session.
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares rose by 0.5% on Thursday after the company posted upbeat earnings and sales results. Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) shares fell 2.2% on Thursday following a report suggesting the company is likely to be investigated under the EU&#8217;s Digital Markets Act next year.
Shares of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) plunged around 4.7% following the U.S. Department of Justice&#8217;s (DOJ) announcement of sweeping remedies in its high-profile antitrust lawsuit against Google.
On the economic data front, U.S. existing home sales gained by 3.5% from the previous month to an annualized rate of 3.96 million in October. The Philadelphia Fed Manufacturing Index fell to -5.5 in November from 10.3 in the previous month, and compared to market estimates of 8. U.S. initial jobless claims declined by 6,000 from the previous week to 213,000 in the week ending Nov. 16.
Most sectors on the S&amp;P 500 closed on a positive note, with utilities, financials, and consumer staples stocks recording the biggest gains on Thursday. However, consumer discretionary and communication services stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 462 points to 43,870.35 on Thursday. The S&amp;P 500 rose 0.53% to 5,948.71, while the Nasdaq Composite rose 0.03% at 18,972.42 during Thursday's session.
Investors are awaiting earnings results from Destination XL Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXLG#NASDAQ">DXLG</a>) and Global Blue Group Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GB#NYSE">GB</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 57.4, the index moved to the &#8220;Greed&#8221; zone on Thursday, versus a prior reading of 49.6.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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<li><a href="https://www.benzinga.com/24/11/42114009/wall-streets-most-accurate-analysts-weigh-in-on-3-health-care-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Health Care Stocks With Over 5% Dividend Yields</a></li>
</ul>
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Dow Surges Over 450 Points As Nvidia Climbs Post-Earnings, Google, Amazon Slip: Fear Index Shifts To 'Greed' Zone

Deepwater Asset Management's managing partner Gene Munster has weighed in on the implications of Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google&#8217;s <a href="https://www.benzinga.com/news/24/10/41616230/sundar-pichai-admits-doj-proposals-could-have-unintended-consequences-google-mapping-out-plan-b-in-c">regulatory challenges</a>, including the potential divestment of the Chrome browser.
What Happened: On Thursday, in an interview with CNBC, Munster highlighted the potential impact of a Chrome spin-off on Google&#8217;s search market share.
According to Munster, spinning off Chrome could reduce Google&#8217;s dominant 90% search market share in developed regions to approximately 80%.
This shift could significantly affect Google&#8217;s search growth, which has been averaging 10–14% in recent quarters, potentially dropping to low single digits or even negative in the short term.
He said, &#8220;People love Google, and they will slowly come back,&#8221; but the stock is down about 5% because this gets to the &#8220;core of half their business, which is search.&#8221;&nbsp;
Despite these concerns, he believes the likelihood of a Chrome spinout is low, citing a lack of precedent for such a move.
See Also:&nbsp;<a href="https://www.benzinga.com/media/24/11/42129847/apple-prepares-to-take-on-openais-chatgpt-google-gemini-live-with-llm-siri-in-2025-report">Apple Prepares To Take On OpenAI&#8217;s ChatGPT, Google Gemini &#8216;Live&#8217; With LLM Siri In 2025: Report</a>
Munster also pointed out that Google's search business forms a significant portion of its revenue and is also a critical pillar for its AI initiatives like Gemini. A drop in search market share could weaken Google's ability to compete with rivals such as ChatGPT-parent OpenAI.
He went on to speak about the interconnectedness of regulatory challenges, noting that the DOJ's scrutiny of Google&#8217;s search deal with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) could further damage the company's search business.
Earlier this year, a lawsuit uncovered that <a href="https://www.benzinga.com/24/11/42083150/googles-20b-search-deal-with-apple-faces-collapse-after-antitrust-ruling-what-it-could-means-for-both-tech-giants?itm_source=parsely-api">Apple received a substantial $20 billion</a> in 2022 to set Google as the default search engine on the Safari browser for iPhones.
For investors, the stakes are high. Munster warned that if such worst-case scenarios unfold, Google's stock could drop another 10–15%.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tough day for Big Tech on the regulatory front. <a href="https://t.co/kPdWS6xD5T">https://t.co/kPdWS6xD5T</a>
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1859758359341301773?ref_src=twsrc%5Etfw">November 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The DOJ has been actively pursuing measures to dismantle Google&#8217;s search monopoly, demanding <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">Google divest its Chrome browser</a>. This move is part of broader efforts to restore competition in the search market.
The DOJ has also suggested that Google might need to sell its Android operating system if other measures fail.
The impact of these legal actions has been significant, with <a href="https://www.benzinga.com/government/regulations/24/11/42119020/alphabet-bleeds-over-120-billion-in-market-value-eyes-worst-day-in-10-months-after-doj-demands-google-chrome-sale">Alphabet&#8217;s market value</a> dropping by over $120 billion on Thursday, marking its steepest decline since January.
In response to the DOJ&#8217;s push, Perplexity AI&#8217;s CEO has also speculated about acquiring Chrome, while OpenAI is considering developing its <a href="https://www.benzinga.com/markets/24/11/42130303/chatgpt-parent-openai-considers-building-its-own-web-browser-to-challenge-googles-search-monopoly-following-doj-push-to-break-up-chrome-dominance">own web browser to challenge</a> Google&#8217;s dominance.
Price Action: On Thursday, Alphabet's Class A shares fell 4.74%, closing at $167.63, while Class C shares dropped 4.56%, ending at $169.24. In after-hours trading, Class A shares declined an additional 0.42% to $166.93, and Class C shares decreased 0.38%, closing at $168.59, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/global/24/11/42053801/alphabets-life-sciences-firm-verily-to-become-a-standalone-entity-disconnect-from-google">Alphabet&#8217;s Life Sciences Firm Verily To Become A Standalone Entity, Disconnect From Google</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Pixabay

Analyst Color

Tech

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AAPL

Google's Chrome Battle Goes Beyond The Browser: Gene Munster Outlines Wider Implications Of DOJ Going After The Search Giant

ChatGPT-parent OpenAI is reportedly considering developing a web browser to challenge Alphabet Inc. subsidiary (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google&#8217;s dominance. This follows the U.S. Department of Justice's <a href="https://www.benzinga.com/government/regulations/24/11/42119020/alphabet-bleeds-over-120-billion-in-market-value-eyes-worst-day-in-10-months-after-doj-demands-google-chrome-sale">push for Google to divest Chrome browser</a>.
What Happened: OpenAI has discussed its plans with app and website developers, including notable names like Conde Nast, Redfin, Eventbrite, and Priceline, <a href="https://www.theinformation.com/articles/openai-considers-taking-on-google-with-browser">reported</a> The Information, citing people familiar with the development.
The idea is to develop a web browser that would integrate with its chatbot. The AI startup has also discussed or secured deals to power search features including travel, food, retail websites, and real estate.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/24/11/42123646/google-anthropic-deal-in-jeopardy-as-us-justice-department-looks-to-snap-online-search-monopoly">Google, Anthropic Deal In Jeopardy As US Justice Department Looks To Snap Online Search Monopoly</a>
OpenAI has also been in talks to provide AI features for Samsung Electronics Co.'s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) devices, a <a href="https://www.benzinga.com/markets/equities/24/07/39711663/samsung-unveils-phones-with-gemini-ai-integration-but-hikes-prices-will-customers-budge">major partner of Google</a>, the report noted.
The ChatGPT-maker already has a partnership with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), according to which it powers the &#8220;Apple Intelligence&#8221; features on the company's new devices.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Sam Altman-led OpenAI has already <a href="https://www.benzinga.com/news/24/10/41663190/openai-rolls-out-chatgpt-search-google-shares-slide">ventured into the search</a> space with its SearchGPT product.
Meanwhile, Google's hold on the search market has come under scrutiny. On Thursday, DOJ argued that Google's control of Chrome is a form of antitrust monopoly.
Alphabet's shares fell more than 6% in Thursday morning trading in New York, witnessing its largest drop since January 2024.
This decline erased over $120 billion in market value, pushing Alphabet&#8217;s valuation below the $2 trillion mark.
At the time of writing, Alphabet's market capitalization was at $2.063 trillion, making it the fifth most valuable company in the world now following Nvidia Corp., Apple, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Amazon.com Inc.
Earlier this year an internal email from Microsoft surfaced, indicating that the company&#8217;s investment in OpenAI was <a href="https://www.benzinga.com/news/24/05/38582364/microsofts-fear-of-googles-ai-dominance-led-to-openai-investment-internal-email-reveals-were-multipl">motivated by fears</a> of lagging behind Alphabet&#8217;s AI advancements.
Since 2019, Microsoft has invested roughly $14 billion in ChatGPT-parent.
Price Action: On Thursday, Alphabet's Class A shares dropped 4.74%, ending at $167.63, while Class C shares decreased 4.56%, closing at $169.24. After hours, Class A shares fell another 0.42% to $166.93, and Class C shares slipped 0.38% to $168.59, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">Google&#8217;s &#8216;Unlawful Behavior&#8217; Stifles Market Entry For Rivals: DOJ Says Alphabet Must Sell Chrome To End Search Monopoly</a></li>
</ul>
Photo courtesy: Shutterstock

MSFT

SSNLF

ChatGPT-Parent OpenAI Considers Building Its Own Web Browser To Challenge Google's Search Monopoly, Following DOJ Push To Break Up Chrome Dominance

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly developing a conversational AI-powered Siri to compete with OpenAI's ChatGPT and Alphabet Inc. subsidiary (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google&#8217;s Gemini Live voice assistant.
What Happened: The new version of Siri will leverage large language models to allow back-and-forth interactions with quicker and more advanced responses, <a href="https://www.bloomberg.com/news/articles/2024-11-21/apple-readies-more-conversational-llm-siri-in-bid-to-rival-openai-s-chatgpt">reported</a> Bloomberg, citing people with knowledge of the matter.
Internally called "LLM Siri," the upgraded voice assistant is being tested as a separate app and will eventually replace the current interface on iPhones, iPads, and Macs.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/24/11/41932289/ai-capabilities-plateauing-say-andreessen-horowitz-founders-echoing-concerns-of-openai-co-founder-ilya-sutskever?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">AI Capabilities Plateauing, Say Andreessen Horowitz Founders, Echoing Concerns Of OpenAI Co-Founder Ilya Sutskever</a>
Siri has long <a href="https://www.benzinga.com/news/23/04/32074627/alexa-vs-siri-amazon-and-apples-battle-to-make-worlds-best-personal-assistant-just-got-more-intense">lagged behind rivals</a> like Amazon.com, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Alexa, and Google Assistant in conversational capabilities. Now, Apple intends to close that gap using the power of AI.
The new assistant will be part of <a href="https://www.benzinga.com/news/24/07/39665558/apples-most-awaited-siri-ai-upgrade-will-not-come-until-2025-report">Apple Intelligence</a> and focus on user privacy while enabling ChatGPT-like features, including text writing and summarization.
Apple also plans to continue offering third-party chatbot integrations like ChatGPT and Gemini alongside LLM Siri.
The overhaul is expected to be announced alongside iOS 19 and macOS 16 in 2025, with a consumer rollout slated for spring 2026, the report noted.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Last month, Bloomberg columnist Mark Gurman <a href="https://www.bloomberg.com/news/newsletters/2024-10-20/apple-s-latest-ipad-mini-highlights-ai-advantage-sonos-considers-new-headphones-m2hkz4mn?srnd=undefined">reported</a> that Apple research showed that ChatGPT outperformed Siri by at least 25% in accuracy.
The standout feature between the two lies in ChatGPT's conversational design.
"Some at Apple believe that its generative AI technology — at least, so far — is more than two years behind the industry leaders," Gurman stated at the time.
However, the iPhone-maker is gradually catching up. Earlier, Apple CEO Tim Cook had said that the launch of Apple Intelligence was among the <a href="https://www.benzinga.com/success-stories/24/10/41441641/apple-ceo-tim-cook-says-apple-intelligence-will-make-products-profoundly-different-new-ai-technol">most significant technology</a> releases in Apple&#8217;s history.
In October, Apple also reported fiscal <a href="https://www.benzinga.com/news/earnings/24/10/41666494/apple-q4-earnings-revenue-beat-eps-beat-installed-base-hits-new-highs-iphone-sales-rise-as-apple-in">fourth-quarter revenue</a> of $94.9 billion, surpassing analysts&#8217; projections of $94.56 billion.
During the earnings call, Cook said that the rapid adoption of iOS 18.1 compared to iOS 17.1 is a definite sign of users' <a href="https://www.benzinga.com/news/24/10/41674713/apple-users-hungry-for-ai-tim-cook-says-ios-18-1-has-twice-the-adoption-rate-of-17-1-what-it-means-f">interest in Apple Intelligence</a>.
Price Action: At the time of writing, Apple shares rose 0.018% to $228.56 in after-hours trading, after a 0.21% drop to $228.52 in Thursday&#8217;s regular session, according to<a href="https://benzinga.grsm.io/lxquj26b2sag"> Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/24/11/42071334/apples-100-million-gamble-tech-giant-moves-to-lift-indonesias-iphone-ban">Apple&#8217;s $100 Million Gamble, Tech Giant Moves to Lift Indonesia&#8217;s iPhone Ban</a></li>
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Photo courtesy: Unsplash

Apple Prepares To Take On OpenAI's ChatGPT, Google Gemini 'Live' With LLM Siri In 2025: Report

<a href="https://www.theinformation.com/articles/openai-considers-taking-on-google-with-browser" title="https://www.theinformation.com/articles/openai-considers-taking-on-google-with-browser">https://www.theinformation.com/articles/openai-considers-taking-on-google-with-browser</a>

'OpenAI Considers Taking on Google With Browser' - The Information

Regulators are looking to block Google <a href="https://www.benzinga.com/news/large-cap/23/10/35474706/googles-ai-ambitions-grow-with-major-investment-in-openai-rival-anthropic">from investing $2 billion</a> in Anthrophic, a Jeff Bezos-backed rival to artificial intelligence (AI) innovator OpenAI.
What Happened: The U.S. Department of Justice (DOJ) recommended in <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">a court filing Wednesday</a> that Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google divest its Chrome browser to dismantle its monopoly on online search. 
It doesn&#8217;t end there. Google should be barred from doing any deals with companies that control where consumers search for information, regulators say. That includes AI products. This puts Google's Anthropic investment at risk, according to <a href="https://www.bloomberg.com/news/articles/2024-11-21/us-justice-department-seeks-to-unwind-google-s-anthropic-deal">Bloomberg</a>, citing unnamed sources.
Also Read: <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42121215/nvidia-post-earnings-jitters-can-nvda-stock-regain-its-ai-fueled-momentum">Nvidia&#8217;s Post-Earnings Jitters: Can NVDA Stock Regain Its AI-Fueled Momentum?</a>
Google boasts over 91% global market share when it comes to online search, per&nbsp;<a href="https://gs.statcounter.com/search-engine-market-share" target="_blank" rel="noreferrer noopener">GlobalStats</a>.&nbsp;
Why It Matters: Google needs Anthropic, or startups like it. Without it, Google is at a disadvantage, considering every major tech company is essentially in an AI arms race. 
Since OpenAI&#8217;s ChatGPT launch in late 2022, tech giants have heavily invested in AI startups.
But Google&#8217;s Anthropic deal is raising concerns overseas as well.
Last month, U.K. antitrust officials announced an investigation into whether Google&#8217;s pursuit of Anthropic <a href="https://www.gov.uk/cma-cases/alphabet-inc-google-llc-slash-anthropic-merger-inquiry" target="_blank" rel="noreferrer noopener">could harm competition</a>. 
Meanwhile, Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) managed to avoid scrutiny. <a href="https://www.benzinga.com/m-a/24/09/41067395/amazons-partnership-with-jeff-bezos-backed-anthropic-gets-green-signal-from-uk-competition-watchdog" target="_blank" rel="noreferrer noopener">The UK&#8217;s competition regulator</a> recently approved the partnership between Amazon and Anthropic, despite the Seattle-based company&#8217;s significant $4 billion investment in the company.
Britain&#8217;s Competition and Markets Authority (CMA) confirmed the partnership does not fall under its jurisdiction.
Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) also appeased regulators when it <a href="https://www.benzinga.com/markets/equities/24/07/39703459/microsoft-relinquishes-observer-role-on-openais-board-says-it-is-confident-in-companys-direction" target="_blank" rel="noreferrer noopener">relinquished its board observer</a> role at OpenAI. The Redmond, Washington-based company invested over $10 billion in the AI startup.
What&#8217;s Next: A decision on whether the UK will require further investigation is expected by Dec. 19.
In the U.S., Google plans to appeal Judge Amit Mehta&#8216;s <a href="https://www.benzinga.com/government/24/08/40169996/alphabet-loses-antitrust-suit-over-google-search-dominance-report">antitrust ruling in August</a>. 
Mehta&#8217;s decision could ultimately lead to Google divesting segments of its business, <a href="https://www.benzinga.com/government/regulations/24/11/42119020/alphabet-bleeds-over-120-billion-in-market-value-eyes-worst-day-in-10-months-after-doj-demands-google-chrome-sale">including Chrome</a>.
Price Action: Alphabet was down 4.5% to $169.24 on Thursday.
Now Read:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42121525/microstrategy-surges-674-in-2024-5-etfs-that-benefit-from-mstrs-bitcoin-driven-growth">MicroStrategy Surges 674% In 2024: 5 ETFs That Benefit From MSTR&#8217;s Bitcoin-Driven Growth</a></li>
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Image: Shutterstock

Politics

Google, Anthropic Deal In Jeopardy As US Justice Department Looks To Snap Online Search Monopoly

Over half of the Magnificent 7 stocks have outperformed the S&amp;P 500 in 2024 and all seven have produced higher five-year returns. Benzinga readers pick which Magnificent 7 stock could have the best 2025 and if anyone can catch Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which continues to<a href="https://www.benzinga.com/news/earnings/24/11/42099904/nvidia-beats-q3-revenue-eps-estimates-supply-constraints-ding-stock-huang-says-age-of-ai-is-in-full-steam"> beat analyst estimates.</a>
What Happened: Nvidia stock is up 199% year-to-date in 2024 and could have more upside ahead according to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42119226/nvidia-analysts-see-stock-best-positioned-in-ai-not-worried-about-guidance-all-systems-go-for-blackwell-ramp">analyst price targets </a>after the company's third-quarter beat and raised guidance.
Benzinga recently asked readers if any of the <a href="https://www.benzinga.com/topic/magnificent-seven">Magnificent 7 stocks</a> could post stronger stock growth than Nvidia in the next year.
"In 2025, which Magnificent 7 stock could outpace Nvidia in growth?" Benzinga asked.
The results were:
<ul>
<li>None – Nvidia will dominate: 48%</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): 27%</li>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): 8%</li>
<li>Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>): 7%</li>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>): 6%</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): 3%</li>
<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>): 2%</li>
</ul>
The poll found the near-majority predicting Nvidia will have the strongest growth in 2025 and dominate the Magnificent 7 stocks once again.
Coming in second place, and the stock that could have the best chance to pass Nvidia according to readers, was Tesla at 27%. This might not be a huge surprise given Tesla's five-year return is the next closest to Nvidia's when looking at the Magnificent 7 stocks.
Here are the current year-to-date and five-year returns of the Magnificent 7 stocks:
<ul>
<li>NVDA: YTD +199.1%, 5-Year +2,634.2%</li>
<li>TSLA: YTD +38.2%, 5-Year +1,446.2%</li>
<li>AMZN: YTD +31.3%, 5-Year +125.5%</li>
<li>META: YTD +61.3%, 5-Year +181.0%</li>
<li>GOOG: YTD +19.7%, 5-Year +158.0%</li>
<li>MSFT: YTD +11.4%, 5-Year +176.2%</li>
<li>AAPL: YTD +23.3%, 5-Year +249.7%</li>
</ul>
Perhaps most surprising in the poll was Apple finishing last despite having the third-best stock performance over the last five years.
Compare the returns above to the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500, which is up 25.3% year-to-date and up 90.4% over the last five years.
Meanwhile, the Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>), which invests in the Magnificent Seven stocks, is up 55.7% year-to-date. The ETF has not been around for five years to track that performance. 
Are you buying when the CEOs of the Magnificent 7 are selling?
<ul>
<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
</ul>
Why It's Important: A <a href="https://www.benzinga.com/tech/24/11/42093025/will-nvidia-deliver-a-blowout-beat-in-q3-poll-says-maybe-not-but-over-half-see-stock-clearing-150">recent Benzinga poll</a> asked readers to predict if Nvidia would beat, miss or meet earnings estimates in the third quarter.
The results were:
<ul>
<li>Meets expectations: 45%</li>
<li>Blowout Beat: 42%</li>
<li>Misses expectations: 13%</li>
</ul>
The majority of Benzinga readers expected the company to meet or beat the estimates from analysts. While more readers expected the company to meet estimates, 42% believed the company would beat estimates Wednesday.
Benzinga readers also predicted what an earnings beat could mean for Nvidia stock going forward.
&#8220;If Nvidia shatters expectations, how high could its stock go by the end of 2024?&#8221; Benzinga asked.
The results were:
<ul>
<li>$150 to $180: 55%</li>
<li>$180 to $200: 26%</li>
<li>Above $200: 18%</li>
</ul>
Nvidia shares traded down in after-hours Wednesday before reversing to the green in early Thursday trading. The stock is down 0.5% to $145.20 Thursday at the time of writing.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/08/40602271/ready-to-retire-on-a-single-magnificent-7-stock-poll-reveals-top-pick-and-its-not-apple" target="_blank" rel="noreferrer noopener">Ready To Retire On A Single Magnificent 7 Stock? Poll Reveals Top Pick —And It's Not Apple</a></li>
</ul>
The study was conducted by Benzinga from Nov. 19 through Nov. 20, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 128 adults.
Image: Unsplash

Exclusives

MAGS

TSLA

Could Another Magnificent 7 Stock Beat Nvidia In 2025? Poll Says Not Likely, 27% Pick This Potential Winner

Wall Street witnessed a positive momentum on Thursday as investor risk appetite remained resilient despite escalating geopolitical tensions in Europe. The market brushed off concerns following a Russian missile strike on a Ukrainian military facility overnight, which came in response to Ukrainian missile <a href="https://www.benzinga.com/24/11/42113449/natural-gas-prices-spike-to-over-1-year-highs-oil-surges-to-70-as-russia-fires-intercontinental-ballistic-missile-to-ukraine">attacks earlier this week. </a>
Russian President Vladimir Putin, in a televised address on Thursday, stated that after the use of long-range missiles from Ukraine, &#8220;the regional conflict gained elements of global one.&#8221;
Major U.S. indices traded higher by midday trading in New York, with standout performances among blue-chip stocks and small-cap equities. 
The Dow Jones Industrial Average surged 500 points, reaching 43,965, marking a 1.3% gain and its strongest session in over two weeks.
The Russell 2000 outperformed with a 1.7% jump, setting up its best day since the post-election rally. 
In contrast, the Nasdaq 100 lagged slightly, rising 0.5%. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), despite higher-than-expected earnings, failed to spark broader optimism in the tech sector. Meanwhile, shares of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) tumbled nearly 6% after the Department of Justice (DOJ) mandated the sale of Google Chrome aimed at curbing Google&#8217;s dominant position in search and digital advertising.
Geopolitical uncertainties drove strong gains in the commodities market. <a href="https://www.benzinga.com/news/global/24/11/42118286/7-us-natural-gas-stocks-to-watch-as-henry-hub-prices-surge-50-in-november">Natural gas Henry Hub prices </a>soared 5%, bringing year-to-date gains to over 50% and marking the best monthly performance since July 2022. Crude oil prices also climbed 0.9%, supported by supply concerns.
Gold extended its winning streak, rising 0.7% for its fourth consecutive session of gains as investors sought safe-haven assets.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continued its rally, rising over 3% and hitting an intraday high of $98,367. The largest cryptocurrency now hovers tantalizingly close to the $100,000 milestone. 
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,365.25</td>
<td>1.7%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,965.39</td>
<td>1.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,949.37</td>
<td>0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,739.86</td>
<td>0.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.6% to $593.78.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.3% to $439.81.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.3% to $504.89.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) soared 1.7% to $234.91.</li>
<li>The&nbsp;Financial Sector Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, rising 1.6%. The&nbsp;Communication Services Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) lagged, down 0.5%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul>
<li>Nvidia Corp. fell 0.6% despite surpassing Street&#8217;s consensus estimates on both earnings per share and revenue during the third quarter. Analysts have raised price targets with Wedbush at $175, Baird at $195 and Barclays at $160.</li>
<li>Despite the dismal reaction by Nvidia, semiconductor stocks, as tracked by the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) rose 1.9%. Major gainers on Thursday were Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), up 4.7%; Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), up 3.9% and Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), up 3.7%.</li>
<li>PDD Holdings Inc. &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) tumbled nearly 10% after missing earnings and revenue estimates.</li>
<li>Other stocks reacting to earnings included Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), up 8.8%; Warner Music Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>), down 8%; Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), up 1.4% and Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), up 32%.</li>
<li>Companies slated to report their earnings after the close include Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>), Copart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>), Ross Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROSS#NASDAQ">ROSS</a>) and NetApp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>). </li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/42118286/7-us-natural-gas-stocks-to-watch-as-henry-hub-prices-surge-50-in-november">7 US Natural Gas Stocks To Watch As Henry Hub Prices Surge 50% In November</a></li>
</ul>
Photo: Shutterstock

Large Cap

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

Specialty ETFs

Eurozone

Commodities

Small Cap

Global

Economics

ETFs

$BTC

AMAT

CPRT

SPDR Dow Jones Industrial Average ETF Trust

INTU

MRVL

NTAP

PANW

Citigourp Global Markets 2% Protected Notes Linked To The Djia

ROSS

SNOW

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Small Caps Rally, Alphabet Plummets, Bitcoin Flirts With $100,000: What's Driving Markets Thursday?

Legal

U.S. Justice Department Seeks To Unwind Google's Anthropic Deal

Shares of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) plunged more than 6% during Thursday morning trading in New York, marking their steepest <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">decline since January 2024. </a>
The drop has wiped out over $120 billion in market capitalization, dragging Alphabet's valuation below the critical $2 trillion threshold.
<h3 class="wp-block-heading">Chart: Alphabet Suffers Worst Day Since Late January 2023</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21120531/image-223-1024x501.png" alt="" class="wp-image-659358" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21120531/image-223-1024x501.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21120531/image-223-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21120531/image-223-768x376.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21120531/image-223-1536x752.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21120531/image-223.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Why The Selloff? </h3>
The sharp decline follows the U.S. Department of Justice's (DOJ) announcement of sweeping remedies in its high-profile antitrust lawsuit against Google. 
On Wednesday, the DOJ proposed measures aimed at curbing Google's dominance in search and digital advertising, potentially reshaping <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">Alphabet&#8217;s core business operations.</a>
The most aggressive recommendation is a requirement for Alphabet to divest Google Chrome, the internet's leading browser with over 60% market share globally. 
Regulators view Chrome as a cornerstone of Alphabet's ability to consolidate its dominance in both search and ad tech markets. This divestiture would mark an unprecedented government intervention into one of the tech giant&#8217;s most integrated and profitable ecosystems.
Other proposals include forcing Google to share search data with competitors, thus leveling the playing field for rival search engines, and to end default search agreements, which make Google the automatic search engine on devices and web browsers like Apple's Safari.
"Google's unlawful behavior has deprived rivals not only of critical distribution channels but also distribution partners who could otherwise enable entry into these markets by competitors in new and innovative ways," the DOJ&nbsp;said in a statement.
<h3 class="wp-block-heading">What&#8217;s At Stake? </h3>
Alphabet&#8217;s business model relies heavily on the synergies between its services. In the third quarter of 2024, Alphabet&#8217;s &#8220;Search &amp; Other&#8221; segment generated $49.4 billion, accounting for 56% of the company's total revenue for the quarter.
For the full fiscal year 2023, Alphabet reported $307.4 billion in total revenue. The revenue breakdown highlights the scale of Alphabet&#8217;s reliance on search and ad-driven income:
<ul>
<li>Google Search &amp; Other: $175.0 billion</li>
<li>YouTube Ads: $31.5 billion</li>
<li>Google Network: $31.3 billion</li>
<li>Google Cloud: $33.1 billion</li>
<li>Other Revenues: $34.7 billion</li>
<li>Other Bets: $1.5 billion</li>
</ul>
These numbers underline the DOJ's focus on Alphabet's most lucrative business segments. A forced breakup of Chrome, combined with mandated data-sharing and restrictions on default agreements may threaten to erode Alphabet&#8217;s competitive edge and profitability.
<h3 class="wp-block-heading">Expert Take: Google's Strategic Challenges</h3>
Ahead of the DOJ announcement, RBC Capital Markets shared insights from a conversation with Brian O&#8217;Kelley, CEO &amp; co-founder of Scope3 and a seasoned expert in ad tech. O&#8217;Kelley raised critical points about Alphabet&#8217;s future in light of the antitrust case:
<ol>
<li>Open Internet vs. AI: O&#8217;Kelley sees the value of open internet a declining asset since consumers shift toward AI-powered experiences. According to him, &#8220;the DOJ is litigating against the last decade, as opposed to current day looking forward.&#8221;</li>
<li>Chrome's Role: He indicates that Google&#8217;s network business &#8220;isn&#8217;t depending on owning the legacy ad tech assets.&#8221; Even without Chrome, users will continue going to Google.com for search, suggesting that Chrome&#8217;s value may be less critical than it seems.</li>
<li>Regulatory Differences: O&#8217;Kelley highlights stark contrasts in regulatory approaches between Europe and the U.S. While Europe is moving swiftly to ban cookies and enforce stricter privacy rules, U.S. regulation may take longer to materialize, giving Alphabet more time to adapt.</li>
</ol>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42116183/michael-saylor-predicted-bitcoin-to-hit-13-million-if-it-happens-it-will-entail-massive-hyperinflation-analyst-warns">Michael Saylor Predicted Bitcoin To Hit $13 Million — If It Happens, It Will Entail &#8216;Massive Hyperinflation,&#8217; Analyst Warns</a></li>
</ul>
Image: Shutterstock

Equities

Government

Regulations

Movers

Alphabet Bleeds Over $120 Billion In Market Value, Eyes Worst Day In 10 Months After DOJ Demands Google Chrome Sale

Analyst Ratings

Live On CNBC, Brad Gerstner Announces Bought More Alphabet Inc. - Class A

WIIM

Alphabet shares are trading lower after the U.S. Department of Justice demanded that Google divest its Chrome browser.

Good Morning Traders! In today&#39;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#39;s pulse to optimize your trading gains. Now, let&#39;s dive into the stock analysis:
<h3>SPDR S&amp;P 500 ETF Trust</h3>
SPY&nbsp;(ARCA: SPY) is currently trading near the 592.00 level, a critical area for today&#39;s session. If bulls maintain control above this mark, the first target on the upside is 593.73, which would indicate strengthening buy momentum. If this level holds during regular trading hours, buyers are likely to push the price toward 596.57. Sustained bullish activity above 596.57 could bring the high-interest zone of 598.04 into focus, with the ultimate target on the day at 599.24 if the broader market sentiment aligns.
On the flip side, failure to hold 592.00 as a support level could embolden the bears. A test of 589.71 would be the next likely scenario. If sellers remain active below this point, deeper downside exploration toward 587.31 could occur. Breaking this level might lead to a move lower to 585.75, with a potential daily bear target at 584.68 if selling pressure intensifies.
<h3>Invesco QQQ Trust Series 1</h3>
QQQ (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) is hovering around the key 504.44 level, a pivotal area for bulls to defend. Holding this support could set the stage for a rally toward 506.68, with sustained buying potentially extending gains to 509.87. A bullish momentum breakout above 509.87 could lead to a push toward 511.53, with 513.64 standing as the high bull target for the day.
Conversely, a failure to maintain 504.44 as support could shift control to the bears. An initial move down to 502.65 would be on the table, with further selling likely driving prices to 501.07. Continued downside momentum could open the door to 499.44, and the low bear target at 498.37 may come into play if selling accelerates during the session.
<h3>Apple Inc. </h3>
Apple&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is trading near 229.03, a key level that bulls need to defend to maintain upward momentum. If buyers succeed, a move toward 230.25 is expected, with potential continuation to 231.76 on strong buying interest. A decisive break above this level could target 233.28, the high bull target for the day, especially if broader market conditions remain supportive.
Should 229.03 fail to hold as support, the bears could take control and test 227.82. Breaking this level might prompt further declines to 226.90, with a potential move lower to 226.08. If bearish momentum persists, the price could test the low bear target of 225.31.
<h3>Microsoft Corp.</h3>
Microsoft&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is currently near 416.32, a crucial level to watch. A hold above this point could spur bullish momentum, leading to a test of 417.25. Sustained strength above this area might drive prices higher to 419.17, with the high bull target for the session set at 420.26 if buyers dominate.
Failure to maintain 416.32 as a support level could lead to bearish activity, testing 414.56. If selling pressure continues, the next target is 413.14. A breakdown below this area could see the price move toward 411.72, with the low bear target of 410.64 within reach on heavy downside pressure.
NVIDIA Corporation 
NVIDIA&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) is positioned near 144.21, a key level for today&#39;s session. Bulls need to drive the price toward 145.61 to establish solid support. From there, continued buying could lift the stock to 147.06, with additional momentum targeting 148.52. The high bull target stands at 150.32, achievable if bullish sentiment dominates the session.
Should 144.21 fail to act as support, bears will likely push the price toward 142.35. A break below this level could bring 141.21 into play, with further declines potentially targeting 140.28. If selling intensifies, the low bear target of 139.42 may be tested.
<h3>Alphabet Inc Class A</h3>
Alphabet&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) is trading near 175.12, a significant level for bulls to defend. If they succeed, an upward move to 176.23 is likely, with continued strength targeting 177.28 as the high bull target. Positive sentiment in the broader market could further support this bullish trajectory.
If 175.12 fails as support, bears may drive the price to 174.01. Additional selling could lead to a test of 172.28, with 171.14 as the low bear target for the day if bearish momentum accelerates.
<h3>Meta Platforms Inc</h3>
Meta&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is trading around 565.53, a key pivot level for today&#39;s session. Bulls need to maintain this level to aim for a move toward 573.25. Sustained buying above 573.25 could drive prices to 580.17, with the high bull target for the day at 585.73 if strong momentum persists.
If 565.53 is lost as support, bears will likely test 559.29. A breakdown below this point could lead to further selling pressure toward 553.05, with the low bear target at 548.44 in play if sellers maintain control.
<h3>Tesla Inc.</h3>
Tesla&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is trading around 340.97, a key level to watch closely. Bulls will aim to push the price toward 346.64 as a first target. If bullish momentum continues, 350.87 could come into play, with a strong rally potentially leading to a test of 356.80. The high bull target for the day is 363.84 if buyers maintain control throughout the session.
On the other hand, losing 340.97 as support could pave the way for bears to test 333.93. A break below this level might prompt further declines to 327.59, with 322.52 as the low bear target if sellers dominate the session.
Final Word:&nbsp; The trading day starts with a flurry of critical economic data. Initial and Continuing Jobless Claims are due at 8:30 AM ET, alongside the Philly Fed Business Outlook for November. These reports will provide insights into labor market trends and regional manufacturing conditions. At 8:45 AM ET, Fed voting member Beth Hammack will deliver remarks, potentially offering clues about future monetary policy.
At 10:00 AM ET, the Leading Index and Existing Home Sales data for October will be released, shedding light on economic momentum and housing market health. Midday action includes the Kansas City Fed Manufacturing Activity at 11:00 AM ET, followed by speeches from non-voting Fed member Austan Goolsbee and Beth Hammack at 12:25 PM ET and 12:30 PM ET, respectively. The 10-Year TIPS Auction at 1:00 PM ET adds another layer of complexity to the session. Additionally, markets are digesting NVIDIA&#39;s earnings surprise, which could fuel volatility. Traders should remain vigilant, adjust strategies to the day&#39;s developments, and prioritize risk management in a potentially turbulent environment. Good luck and trade safely!
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General

Market Clubhouse Morning Memo - November 21st, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)

U.S. stocks could open on a negative note on Thursday after AI bellwether Nvidia Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42107846/nvidia-slides-during-thursday-pre-market-despite-beating-q3-estimates-even-outstanding-isnt-enough-for-some-investors">guidance fell short</a> of some expectations. Futures of all three major indices were down as investors processed the AI giant's earnings.
Other chip makers like Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) also experienced pressure in premarket trading.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.33%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.24%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.08%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.22%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.25% to $589 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.34% to $501.46, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
The Dow Jones snapped its two-session losing streak this week to close 100 points higher on Wednesday, while the S&amp;P 500 eked a marginal gain to close in the green.
The tech-heavy Nasdaq, however, fell ahead of the volatility due to Nvidia's earnings after the bell.
Crude oil prices continued to rise amid growing tensions between Russia and Ukraine but remained under the $70 mark.
Treasury yields eased slightly as investors waited for further economic data.
On the economic data front, mortgage applications in the U.S. rose 1.7% from the previous week in the week ending Nov. 15, compared to a 0.5% gain in the prior period.
Most sectors on the S&amp;P 500 closed on a positive note, with healthcare, energy, and materials stocks recording the biggest gains on Wednesday.
However, consumer discretionary and financial stocks bucked the overall market trend, closing the session lower.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.11%</td>
<td>18,966.14</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.002%</td>
<td>5,917.11</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.32%</td>
<td>43,408.47</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.03%</td>
<td>2,325.53</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ryan Detrick, chief market strategist at Carson Group, maintained that despite the weakness in the markets currently, he remains optimistic about the potential of a continued bull run.
"Weakness right around now is perfectly normal. The good news is I wouldn&#8217;t give up on a late November rally."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Weakness right around now is perfectly normal. The good news is I wouldn&#39;t give up on a late November rally. <a href="https://t.co/NuU2qzpDsC">pic.twitter.com/NuU2qzpDsC</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1859314388739686769?ref_src=twsrc%5Etfw">November 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Despite the volatile movement in Nvidia and other chipmaker stocks, Wedbush analyst Dan Ives maintained optimism about the AI giant's performance.
"The Godfather of AI Jensen and Nvidia delivered a massive beat and big things ahead for Blackwell," Ives said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Godfather of AI Jensen and Nvidia delivered a massive beat and big things ahead for Blackwell as we discussed into this big night for the tech world on <a href="https://twitter.com/SquawkStreet?ref_src=twsrc%5Etfw">@SquawkStreet</a> &#x1f3c6;&#x1f525;&#x1f37f;&#x1f402;&#x1f4fa;&#x1f3a4;&#x1f447; <a href="https://t.co/6ehn8D3Gs0">https://t.co/6ehn8D3Gs0</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1859387551351546328?ref_src=twsrc%5Etfw">November 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Nvidia <a href="https://www.benzinga.com/news/earnings/24/11/42099904/nvidia-beats-q3-revenue-eps-estimates-supply-constraints-ding-stock-huang-says-age-of-ai-is-in-full-steam">posted third-quarter revenue</a> of $35.1 billion, up 94% year-on-year, beating the Street consensus of $33.12 billion, according to data <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">from Benzinga Pro</a>. This was the ninth straight quarter of Nvidia beating analyst estimates.
Tech bull Ives thinks that this is <a href="https://www.benzinga.com/markets/equities/24/11/42102642/nvidia-delivered-jaw-dropping-q3-earnings-says-dan-ives-this-is-the-fourth-revolution-playing-out-in-front-of-our-eyes">the "fourth revolution"</a> in technology, and it could help the Nasdaq surge to 25,000.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Thursday's economic calendar includes the release of initial jobless claims data.
<ul>
<li>Initial jobless claims data will be released at 8:30 a.m. ET.</li>
<li>Philadelphia Fed manufacturing survey will be released at 8:30 a.m. ET.</li>
<li>Cleveland Fed President Beth Hammack will speak at 8:45 a.m. ET.</li>
<li>Existing home sales data and leading economic index will be released at 10 a.m. ET.</li>
<li>Kansas City Fed President Jeff Schmid will speak at 1:10 p.m. ET.</li>
<li>Fed Vice Chair for Supervision Michael Barr will speak at 4:40 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares fell 2.6% in premarket trading on Thursday after the company posted a quarter-on-quarter decline in gross margins.</li>
<li>Other chip stocks felt the pressure post-Nvidia earnings. Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) fell nearly 1%, while Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) was down 0.6%. Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) both fell 0.5% in premarket trading.</li>
<li>MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock surged over 10% on Wednesday and rose by another 11% in premarket trading on Thursday after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/24/11/42102366/bitcoin-taps-95k-ethereum-dogecoin-flat-as-trumps-crypto-policy-takes-shape-top-analyst-describes-btcs-path-to-135k">crossed the $95,000 mark</a>. Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) stock was also up over 3%.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) shares rose over 21% in premarket trading after the company beat analyst expectations and revised its 2025 revenue outlook upwards.</li>
<li>Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) stock fell over 4% in premarket trading after the company's third-quarter results.</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) stock was slightly down in premarket trading after the U.S. Department of Justice (DOJ) said the company needed to sell the Google Chrome browser to <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">end search monopoly</a>.</li>
<li>Investors are awaiting earnings results from Deere &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), BJ&#8217;s Wholesale Club Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>), and Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, rising by 1.70% to hover around $69.92 per barrel.
The 10-year Treasury note yield edged lower to 4.394%.
Most of the major Asian markets ended in the red on Thursday, while European markets showed tentativeness in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">Target Says Shoppers Wait For &#8216;Deals&#8217; A Day After Rival Walmart Credits Market Gains To Wealthy Households</a></li>
</ul>
Photo courtesy: Wikimedia

Futures

Federal Reserve

AVGO

HOOD

INTC

MSTR

QCOM

US Futures Head Lower As Nvidia Earnings Fail To Impress Investors: Expert Says Market Weakness Is 'Perfectly Normal,' But Late November Rally Is Still Possible

The U.S. Department of Justice (DOJ) has demanded that&nbsp;Alphabet Inc.&#8217;s&nbsp;&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google divest its Chrome browser to dismantle its monopoly on online search. This move is part of broader efforts to restore competition in the search market.
What Happened: Prosecutors have demanded that Google divest its Chrome browser and share search data with competitors to dismantle its monopoly on online search. These actions were proposed in a court filing on Wednesday.
The&nbsp;Department of Justice&nbsp;(DOJ) and state antitrust enforcers suggested that Google must also consider selling its Android operating system if other measures fail. The proposals aim to regulate Google for up to 10 years through a committee appointed by a federal court in Washington.
&#8220;Google&#8217;s unlawful behavior has deprived rivals not only of critical distribution channels but also distribution partners who could otherwise enable entry into these markets by competitors in new and innovative ways,&#8221; the DOJ&nbsp;said in a statement.
The DOJ&#8217;s filing expands on previous suggestions to end Google&#8217;s monopoly in the U.S., where it controls 90% of searches. The&nbsp;proposals include ending exclusive <a href="https://www.benzinga.com/24/11/42083150/googles-20b-search-deal-with-apple-faces-collapse-after-antitrust-ruling-what-it-could-means-for-both-tech-giants">agreements&nbsp;with companies</a> like&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) that make Google the default search engine on devices.
See Also:&nbsp;<a href="https://www.benzinga.com/general/social-media/24/11/42022443/ibm-disney-and-other-large-advertisers-return-to-elon-musks-x-after-a-year-long-boycott-we-super-appreciate?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">IBM, Disney And Other Large Advertisers Return To Elon Musk&#8217;s X After A Year-Long Boycott: &#8216;We Super Appreciate&#8217;</a>
Google has criticized these proposals as extreme, arguing&nbsp;they would harm U.S. consumers&nbsp;and businesses. A trial on these proposals is scheduled for April, but changes could occur with the incoming administration.
Prosecutors also recommend&nbsp;barring Google from re-entering the&nbsp;browser market for five years&nbsp;and from acquiring search or AI competitors. A technical committee would enforce compliance, with Google funding its operations.
Why It Matters: The DOJ&#8217;s latest move follows an August ruling that found Google <a href="https://www.benzinga.com/news/legal/24/11/42053249/google-could-lose-chrome-browser-in-dojs-latest-antitrust-move">guilty of illegally monopolizing</a> the search market. The potential divestiture of Chrome could significantly impact Google&#8217;s business model, which heavily relies on its dominance in the search market.
Perplexity AI CEO Aravind Srinivas&nbsp;has even <a href="https://www.benzinga.com/markets/equities/24/11/42084064/perplexity-ceo-asks-if-ai-startup-should-acquire-google-chrome-following-dojs-antitrust-push-against-search-giant">speculated about acquiring</a> the Chrome browser, suggesting its potential value could reach $20 billion if a court-ordered sale occurs. This highlights the broader implications of the DOJ&#8217;s actions, which could reshape the competitive landscape in the tech industry.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42079954/microsoft-ceo-satya-nadella-defends-bings-rise-against-googles-search-dominance-says-openais-partnership-with-apple-is-incremental-for-even-us?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Satya Nadella Defends Bing&#8217;s Rise Against Google&#8217;s Search Dominance — Says OpenAI&#8217;s Partnership With Apple Is &#8216;Incremental&#8217; For Microsoft</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Google's 'Unlawful Behavior' Stifles Market Entry For Rivals: DOJ Says Alphabet Must Sell Chrome To End Search Monopoly

Several Wall Street analysts reiterated Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) after the company&#8217;s <a href="https://www.benzinga.com/tech/24/11/42088437/qualcomm-targets-900-billion-market-by-2030-big-bets-on-iot-and-automotive" target="_blank" rel="noreferrer noopener">2024 investor day</a>.
<ul>
<li>Cantor Fitzgerald analyst CJ Muse reiterated Qualcomm with a Neutral and a <a href="https://www.benzinga.com/quote/QCOM/analyst-ratings" target="_blank" rel="noreferrer noopener">$160 price target</a>.</li>
<li>KeyBanc analyst John Vinh maintained Sector Weight on Qualcomm with a price target of $165.</li>
<li>Rosenblatt analyst Kevin Cassidy reiterated a Buy on Qualcomm with a price target of $250.</li>
</ul>
Cantor Fitzgerald: At the IoT and Automotive Diversification Update Investor Day, Qualcomm outlined its plans to shift revenue reliance from handsets to higher-growth segments like Automotive, IoT, PCs, XR/AR, and Industrial applications. Muse noted that Qualcomm&#8217;s Automotive segment is a standout performer, with the company projecting over $8 billion in revenue by fiscal 2029 at a 22% compound annual growth rate (CAGR). 
Also Read: <a href="https://www.benzinga.com/24/11/42092265/stmicroelectronics-targets-18-billion-revenue-eyes-22-24-margins-by-2028" target="_blank" rel="noreferrer noopener">STMicroelectronics Targets $20 Billion Revenue By 2030, Unveils 2027 Goals</a>
More than 80% of this forecasted revenue is supported by backlog, providing confidence in this segment&#8217;s outlook. However, IoT&#8217;s projected jump from $5.4 billion in fiscal 2024 to $14 billion in fiscal 2029 raised skepticism, mainly the PC segment target of $4 billion, which assumes a 10% market share at an average selling price of $175. Muse sees significant competitive pressure from x86-based systems, making the target aggressive.
The XR/AR revenue projection of $2 billion by fiscal 2029 appears more feasible, given partnerships with significant players like Meta, Alphabet, Google and Samsung. IDC&#8217;s forecast of a 35% CAGR for the XR market are a supporting factor. Despite the optimistic outlook for XR, overall assumptions for IoT, PC, and Industrial/Other revenue leave room for potential overestimation.
Qualcomm management maintained its long-term operating expense target at 21%-23% of revenue. The company anticipates fiscal 2029 EPS reaching $14.12, representing a 7% 5-year CAGR from $10.28 in fiscal 2024. While diversification efforts are poised to make IoT and Automotive account for 50% of total QCT revenues by fiscal 2029, Muse expressed concerns about the pace of transition, particularly with potential headwinds from Apple reducing reliance on Qualcomm&#8217;s chipsets faster than other segments can offset.
Muse projected fiscal 2025 revenue of $43.15 billion and EPS of $11.37. He expects fiscal 2026 revenue of $41.1 billion and EPS of $11.45.
KeyBanc: Qualcomm revised its Automotive revenue target to $8 billion by fiscal 2029, doubling its fiscal 2026 projection of $4 billion. This goal implies a 22% compound annual growth rate (CAGR) over five years, reflecting strong momentum in this segment.
The company set an ambitious target of $4 billion in PC revenue by fiscal 2029, assuming an 11% market share. This aligns with its broader IoT goal of $14 billion, including contributions from XR, Industrial IoT, and other categories.
Within IoT, Industrial IoT is expected to generate $4 billion by fiscal 2029, translating to a 21% five-year CAGR. This growth underscores Qualcomm&#8217;s strategic shift toward high-growth verticals to reduce reliance on handset revenue.
Qualcomm anticipates mid-single-digit (MSD) long-term growth for Android handsets. However, factoring in the expected transition of Apple to its internal modems, overall QCT revenue is forecasted to grow at a low-single-digit (LSD) rate over the next several years, with a 6% five-year CAGR through fiscal 2029.
While Qualcomm presented compelling long-term growth projections across critical segments, Vinh expressed caution about the need for catalysts for an edge AI replacement cycle in handsets, PCs, and other devices. Additionally, the anticipated impact of Apple&#8217;s internal modem transition poses a significant headwind, though Qualcomm management expressed confidence in its ability to sustain growth despite these challenges.
Rosenblatt: Qualcomm presented a highly attended investor day focused on its diversification strategy first outlined in 2021, emphasizing accelerated adoption of its platforms driven by AI.
Cassidy highlighted Qualcomm&#8217;s leadership in addressing diverse markets through its energy-efficient processors, advanced connectivity, and AI capabilities. Significant revenue growth is projected across Automotive, PC, XR, and Industrial IoT.
Qualcomm set a $45 billion design win pipeline for its QCT Automotive segment, with one-third tied to Advanced Driver Assistance Systems (ADAS). The company forecasts $8 billion in automotive revenue by fiscal 2029, representing a 22% compound annual growth rate (CAGR). With the total addressable market (TAM) expected to double to $100 billion by fiscal 2029, the automotive segment remains a key growth driver.
Qualcomm&#8217;s Snapdragon X Series has achieved 2.5 times growth in design wins, with 58 platforms announced. By fiscal 2029, the company targets $4 billion in PC revenue, driven by the proliferation of AI-enabled notebooks. Qualcomm projects that 90% of PCs will incorporate AI features, with 100 million devices leveraging Copilot+ annually.
Qualcomm anticipates $4 billion in Industrial IoT revenue by fiscal 2029, capitalizing on a $50 billion market opportunity by 2029. In XR (AR, VR, and MR combined), the company expects over $2 billion in fiscal 2029 revenue, with unit volumes reaching 15 million annually.
<ul>
<li>Overall IoT revenue is expected to grow 2.5x to $14 billion by fiscal 2029. </li>
<li>By 2030, Qualcomm estimates a $900 billion TAM for connected edge devices</li>
<li>In 2024, revenue grew 9% year-over-year (Y/Y)</li>
<li>EPS increased 21% Y/Y. </li>
<li>Since fiscal 2019, revenue has doubled, and EPS has tripled, supported by a 31% CAGR in automotive revenues and double-digit growth in handsets and IoT.</li>
</ul>
Adjusted operating expenses are projected to remain at 21-23% of revenue. Qualcomm also plans low-to-mid single-digit dividend growth and share buybacks as part of its capital allocation strategy.
Qualcomm aims to achieve a balanced revenue mix, targeting a 50/50 split between the handset and non-handset segments by fiscal 2029. This strategy reduces customer concentration risk and leverages growth opportunities in emerging markets like AI-enabled PCs, automotive, and industrial IoT. By scaling AI adoption at the edge, Qualcomm solidifies its position as a leader in high-growth markets while navigating challenges in its handset business.
Cassidy projected fiscal 2025 revenue of $42.9 billion and EPS of $11.59. He expects fiscal 2026 revenue of $45.35 billion and EPS of $12.49.
Price Action: Qualcomm stock traded lower by 5.94% at $154.91 at the last check on Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/11/42089611/taiwan-semiconductor-faces-china-challenges-amid-potential-trump-return-and-geopolitical-tensions" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Faces China Challenges Amid Potential Geopolitical Tensions From Trump&#8217;s Return</a></li>
</ul>
Image: Shutterstock

Price Target

Reiteration

Qualcomm's Shift From Handsets To AI And Automotive Wins Analysts' Confidence

NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) will release earnings results for its third quarter, after the <a href="https://www.benzinga.com/quote/NVDA/earnings">closing bell on Wednesday, Nov. 20.</a>
Analysts expect the Santa Clara, California-based bank to report quarterly earnings at 75 cents per share, up from 40 cents per share in the year-ago period. Nvidia projects to report revenue of $33.14 billion for the recent quarter, compared to $18.12 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Monday, Nvidia announced it partnered with Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Quantum AI to accelerate the development of next-generation quantum computing devices.
Nvidia shares gained 3.8% to close at $145.41 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c6ab8eb85e9300015f1ae6/william-stein">Truist Securities analyst William Stein</a> maintained a Buy rating and raised the price target from $148 to $167 on Nov. 19. This analyst has an accuracy rate of 87%.</li>
<li>Stifel analyst Ruben Roy maintained a Buy rating and raised the price target from $165 to $180 on Nov. 19. This analyst has an accuracy rate of 86%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5dfcc5e03513fb0001f01095/matt-bryson">Wedbush analyst Matt Bryson</a> maintained an Outperform rating and raised the price target from $138 to $160 on Nov. 14. This analyst has an accuracy rate of 82%.</li>
<li>Raymond James analyst Srini Pajjuri maintained a Strong Buy rating and increased the price target from $140 to $170 on Nov. 14. This analyst has an accuracy rate of 80%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5a12edeeefacff0001e030dc/chris-rolland">Susquehanna analyst Christopher Rolland</a> maintained a Positive rating and boosted the price target from $160 to $180 on Nov. 14. This analyst has an accuracy rate of 72%.</li>
</ul>
Considering buying NVDA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="556" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20010911/image-199-1024x556.png" alt="" class="wp-image-656305" style="width:683px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20010911/image-199-1024x556.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20010911/image-199-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20010911/image-199-768x417.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20010911/image-199.png 1212w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Nvidia Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Rezolve AI Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) shares are trading higher Wednesday after the company announced a partnership with Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) in which Google Cloud will resell <a href="https://www.benzinga.com/pressreleases/24/11/g42086278/rezolve-ai-and-google-sign-strategic-partnership-to-revolutionize-retail-and-consumer-commerce-wit">Rezolve&#8217;s Brain Suite</a>.
What To Know: Rezolve said it signed a strategic partnership with Google to accelerate the transformation of retail and consumer commerce through advanced <a href="http://benzinga.com/topic/ai">AI</a> and cloud infrastructure.
Google Cloud will resell Rezolve AI&#8217;s Brain Suite, a set of AI solutions that improve customer engagement, optimize operations and drive business growth.
Rezolve and Google expect that the new sales channel will generate more than 50% of Rezolve&#8217;s forecasted revenue over the &#8220;next several years.&#8221;
&#8220;Google&#8217;s commitment to our vision, alongside their extensive resources and expertise, enables us to accelerate our mission to transform eCommerce. With Google Cloud&#8217;s global reach, we can drive exponential growth and deliver unprecedented value to retailers worldwide,&#8221; said Daniel Wagner, CEO of Rezolve AI. 
See Also: <a href="https://www.benzinga.com/news/earnings/24/11/42084907/nio-q3-earnings-11-6-gain-in-vehicle-deliveries-margins-improve-issues-robust-q4-delivery-outlook">NIO Q3 Earnings: 11.6% Gain In Vehicle Deliveries, Margins Improve, Issues Robust Q4 Delivery Outlook</a>
<h3 class="wp-block-heading">How To Buy RZLV Stock</h3>
By now you're likely curious about how to participate in the market for Rezolve AI &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. 
In the case of Rezolve, which is trading at $2.57 as of publishing time, $100 would buy you 38.91 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
RZLV Price Action: Rezolve shares initially surged to above $3.90 on the news before pulling back. The stock was up 2.72% at $2.64 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

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Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is preparing to urge a federal judge&nbsp;to dismiss the U.S. Department&nbsp;of Justice&#8217;s case accusing the company of unlawfully monopolizing the smartphone market.
What Happened: The case is a significant part of the ongoing antitrust battle against Big Tech companies. The hearing, scheduled for Wednesday, will be presided over by&nbsp;U.S. District Judge Julien Neals&nbsp;in Newark, New Jersey, Reuters reported on Wednesday. 
Prosecutors allege that Apple stifles competition&nbsp;by limiting interoperability between the&nbsp;iPhone and third-party apps and&nbsp;devices. Apple, in its defense, asserts that its restrictions on developers&#8217; access to its technology are reasonable and necessary for innovation.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/24/11/42023396/sean-parkers-net-worth-touches-3b-from-launching-napster-to-becoming-facebook-billionaire-the-story-of-teenage-hacker-turned-entrepreneur?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Sean Parker&#8217;s Net Worth Touches $3B: From Launching Napster To Becoming Facebook Billionaire, The Story Of Teenage Hacker Turned Entrepreneur</a>
The antitrust case against Apple was initiated during Donald Trump&#8217;s first presidential term and <a href="https://www.benzinga.com/general/politics/24/04/38343376/elizabeth-warren-attacks-apple-smartphone-monopoly-green-texts-on-iphones-theyre-ruining-relatio">filed under President</a> Joe Biden&#8217;s administration. Other Big Tech firms, including Alphabet&#8216;s Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), are also facing similar antitrust cases.
Why It Matters: The lawsuit against Apple, filed in March by the DOJ and a coalition of states, targets restrictions and fees on app developers, and technical barriers to third-party devices and services that compete with Apple&#8217;s own. The case will proceed if the judge finds the claims plausible.
Meanwhile, its $20 billion agreement with Google&#8216;s parent Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) to make Google Chrome the <a href="https://www.benzinga.com/24/11/42083150/googles-20b-search-deal-with-apple-faces-collapse-after-antitrust-ruling-what-it-could-means-for-both-tech-giants">default search engine</a> is also under threat after a U.S. federal judge ruled the deal as illegal monopoly.
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Image via Apple
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

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