Dernières nouvelles pour Intel (NASDAQ:INTC) Stock

Intel

Intel is a leading digital chipmaker, focused on the design and manufacturing of microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors and was the prime proponent of Moore's law for advances in semiconductor manufacturing. Intel remains the market share leader in central processing units in both the PC and server end markets. Intel has also been expanding into new adjacencies, such as communications infrastructure, automotive, and the Internet of Things. Further, Intel expects to leverage its chip manufacturing capabilities into an outsourced foundry model where it constructs chips for others.

Intel Corp

INTEL ORD

Intchains Group Limited - American Depositary Shares

Intchains Group Ltd

Semiconductor chip stocks led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) noted investor selloff since Friday after gaining from Micron Technology, Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) upbeat quarterly print and U.S. Fed rate cut to boost demand.
Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Qualcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Micron, Analog Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) are trading lower Tuesday. Semiconductor ETFs VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) are down over 3%.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41124391/qualcomm-partners-with-stmicroelectronics-to-boost-ai-powered-iot-connectivity" rel="noreferrer noopener">Qualcomm Partners With STMicroelectronics To Boost AI-Powered IoT Connectivity</a>
The street remains jittery over <a target="_blank" href="https://www.benzinga.com/news/24/10/41119735/nvidia-faces-new-competition-cerebras-files-for-ipo-huawei-pushes-ai-chips" rel="noreferrer noopener">artificial intelligence prospects</a> as analysts flagged Nvidia&#8217;s dependence on four customers, which are also developing in-house chips, and its delays in product releases.
Though China urges its companies to adopt domestic AI chipmakers, National Science and Technology Council (NSTC) Minister Wu Cheng-wen said China lags behind Taiwan Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a href="https://www.benzinga.com/government/24/10/41114632/taiwan-semiconductors-2-nm-breakthrough-puts-taiwan-a-decade-ahead-of-chinas-semiconductor-industry" target="_blank" rel="noreferrer noopener">advanced technology semiconductor manufacturing</a> by at least a decade. Taiwan Semiconductor is a crucial supplier for Nvidia and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
The U.S. Chips Act played a crucial role in helping America develop its semiconductor base by offering <a target="_blank" href="https://www.benzinga.com/government/24/09/41007184/taiwan-semi-secures-7-5b-boost-for-arizona-expansion-aims-for-advanced-chip-production-report" rel="noreferrer noopener">subsidies to chipmakers</a> to boost artificial intelligence chip production in the country.
The semiconductor sector could see another tailwind if the Biden administration inks a bill to fastrack the specific semiconductor manufacturing projects that receive subsidies through the Chips Act by diluting the federal environmental scrutinies.
The legislation would exempt qualifying chip projects from reviews under the National Environmental Policy Act, the New York Times <a href="https://www.nytimes.com/2024/10/01/us/politics/biden-semiconductor-environmental-review.html" target="_blank" rel="noreferrer noopener">reports</a>.
Struggling chipmaker Intel recently got a boost from <a href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday" target="_blank" rel="noreferrer noopener">$3 billion in direct funding</a> under the Chips Act in addition to the $8.5 billion in grants and $11 billion in loans that the company previously won under the act.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41124123/micron-set-for-profit-surge-with-high-margin-products-and-ai-driven-market-expansio" target="_blank" rel="noreferrer noopener">Micron Set for Profit Surge with High-Margin Products and AI-Driven Market Expansion, Analyst Says</a></li>
</ul>
Photo via Shutterstock

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Media

AAPL

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INTC

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iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Despite Nvidia Selloff, Biden's Law and Taiwan Semi's Advantage Offer Growth Potential

Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) declined 3% to $22.74 Tuesday afternoon as <a href="https://www.benzinga.com/news/global/24/10/41126038/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil">geopolitical tensions</a> escalated in the Middle East, specifically following Iran&#8217;s missile attack on Israel. 
Tuesday&#8217;s attack marked a significant development in the ongoing regional conflict, raising concerns among investors about the potential economic implications for global markets.
Additionally, tens of thousands of dockworkers have <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41122944/east-coast-dockworkers-strike-how-labor-dispute-impacts-economy-logistics-companies">gone on strike</a>, potentially affecting holiday shopping and causing concern for the broader market. The strike began after the International Longshoremen's Association and the U.S. Maritime Alliance failed to agree on a new labor contract.
What Happened: The missile strike, which saw between 100 to 200 missiles launched from Iran toward Israel, came in the wake of the U.S. government warning of imminent threats in the region. 
Why It Matters: Intel, a leading semiconductor manufacturer with a substantial market presence, is sensitive to geopolitical events that can disrupt supply chains and impact global demand for technology products.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41122944/east-coast-dockworkers-strike-how-labor-dispute-impacts-economy-logistics-companies">East Coast Dockworkers Strike: How Labor Dispute Impacts Economy, Logistics Companies</a>
As tensions rise, companies like Intel may face challenges related to production and distribution, particularly if military actions lead to increased oil prices and broader economic instability.
What Else: Market analysts suggest that the heightened geopolitical risks could stifle investment in growth-oriented technology stocks like Intel. The escalating situation could result in supply chain disruptions, particularly if sanctions or retaliatory measures are enacted, further complicating Intel&#8217;s operational landscape.
Additionally, Intel&#8217;s stock price may be influenced by the broader implications of U.S. military involvement in the region. President Biden and senior national security officials are reportedly discussing responses to the escalating conflict, a move that could have far-reaching consequences on U.S. economic policy and international relations. 
As tensions continue to mount, investors may become wary of the potential for prolonged instability, which could detract from the anticipated recovery in the tech sector.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41126018/bitcoin-plunges-below-62k-as-iran-launches-missile-attack-on-israel">Bitcoin Plunges Below $62K As Iran Launches Missile Attack On Israel</a>
<h2 class="wp-block-heading">Is INTC A Good Stock To Buy?</h2>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/INTC">Intel</a>&#8216;s page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Intel does pay a dividend, which yields 1.41% per year as of the closing price on Oct. 1, 2024. Feel free to search Benzinga's <a href="https://www.benzinga.com/calendars/dividends">dividend calendar</a> for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
For example, if you're looking to earn an annualized return of 13.44%, you'll need to buy a share of Saba Cap Inc &amp; Opps by the Oct. 9, 2024. Once done, you can expect to receive a nominal payout of $0.09 on Oct. 31, 2024.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/INTC">Intel</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, INTC has a 52-week high of $51.28 and a 52-week low of $18.51.

What's Going On With Intel Stock?

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Shares of companies in the broader semiconductor and chip sector are trading lower amid overall market weakness after Iran launched a missile attack on Israel.

Shares of semiconductor stocks are trading lower amid a possible pullback. The sector recently surged on strong earnings from Micron.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$120.00</td>
<td>$48.0K</td>
<td>28.4K</td>
<td>95.1K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$232.50</td>
<td>$91.3K</td>
<td>13.3K</td>
<td>86.9K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$430.00</td>
<td>$32.0K</td>
<td>3.0K</td>
<td>6.4K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$420.00</td>
<td>$158.0K</td>
<td>746</td>
<td>4.7K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$115.00</td>
<td>$28.0K</td>
<td>27.6K</td>
<td>3.5K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$42.00</td>
<td>$27.7K</td>
<td>2.8K</td>
<td>3.5K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$17.00</td>
<td>$60.9K</td>
<td>6.9K</td>
<td>2.9K</td>
</tr>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$23.00</td>
<td>$163.3K</td>
<td>5.9K</td>
<td>2.4K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$170.00</td>
<td>$83.2K</td>
<td>620</td>
<td>1.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$165.00</td>
<td>$400.9K</td>
<td>813</td>
<td>859</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on October 4, 2024. This event was a transfer of 200 contract(s) at a $120.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $48.0K, with a price of $240.0 per contract. There were 28406 open contracts at this strike prior to today, and today 95120 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on October 4, 2024. This event was a transfer of 439 contract(s) at a $232.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $91.3K, with a price of $208.0 per contract. There were 13330 open contracts at this strike prior to today, and today 86957 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on October 4, 2024. This event was a transfer of 100 contract(s) at a $430.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $32.0K, with a price of $320.0 per contract. There were 3018 open contracts at this strike prior to today, and today 6496 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a put option trade that happens to be bearish, expiring in 4 day(s) on October 4, 2024. This event was a transfer of 100 contract(s) at a $420.00 strike. The total cost received by the writing party (or parties) was $158.0K, with a price of $1580.0 per contract. There were 746 open contracts at this strike prior to today, and today 4738 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bearish sentiment. It expires in 46 day(s) on November 15, 2024. Parties traded 102 contract(s) at a $115.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $275.0 per contract. There were 27631 open contracts at this strike prior to today, and today 3599 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a call option sweep with bullish sentiment. It expires in 46 day(s) on November 15, 2024. Parties traded 220 contract(s) at a $42.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $126.0 per contract. There were 2867 open contracts at this strike prior to today, and today 3561 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bearish, expiring in 46 day(s) on November 15, 2024. This event was a transfer of 293 contract(s) at a $17.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $60.9K, with a price of $208.0 per contract. There were 6904 open contracts at this strike prior to today, and today 2910 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a put option sweep that happens to be bullish, expiring in 172 day(s) on March 21, 2025. This event was a transfer of 596 contract(s) at a $23.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $163.3K, with a price of $274.0 per contract. There were 5981 open contracts at this strike prior to today, and today 2436 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option sweep that happens to be bullish, expiring in 18 day(s) on October 18, 2024. This event was a transfer of 66 contract(s) at a $170.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $83.2K, with a price of $1265.0 per contract. There were 620 open contracts at this strike prior to today, and today 1167 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with bearish sentiment. It expires in 144 day(s) on February 21, 2025. Parties traded 198 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $400.9K, with a price of $2025.0 per contract. There were 813 open contracts at this strike prior to today, and today 859 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

MARA

MSFT

MSTR

PLTR

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

Investors with a lot of money to spend have taken a bullish stance on Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with INTC, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 15 uncommon options trades for Intel.
This isn't normal.
The overall sentiment of these big-money traders is split between 53% bullish and 33%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $251,075, and 12 are calls, for a total amount of $665,770.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $18.0 and $35.0 for Intel, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Intel's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Intel's substantial trades, within a strike price spectrum from $18.0 to $35.0 over the preceding 30 days.
<h3>Intel Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727711136_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$13.3</td>
<td>$12.9</td>
<td>$13.1</td>
<td>$35.00</td>
<td>$131.0K</td>
<td>59</td>
<td>150</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.8</td>
<td>$0.79</td>
<td>$0.79</td>
<td>$29.00</td>
<td>$118.5K</td>
<td>33.3K</td>
<td>3.1K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.81</td>
<td>$0.79</td>
<td>$0.79</td>
<td>$29.00</td>
<td>$118.5K</td>
<td>33.3K</td>
<td>1.6K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$8.8</td>
<td>$6.0</td>
<td>$8.7</td>
<td>$18.00</td>
<td>$86.9K</td>
<td>1.5K</td>
<td>100</td>
</tr>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$10.7</td>
<td>$10.6</td>
<td>$10.65</td>
<td>$34.00</td>
<td>$79.8K</td>
<td>211</td>
<td>107</td>
</tr>
</tbody>
</table>

<h3>About Intel</h3>
Intel is a leading digital chipmaker, focused on the design and manufacturing of microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors and was the prime proponent of Moore's law for advances in semiconductor manufacturing. Intel remains the market share leader in central processing units in both the PC and server end markets. Intel has also been expanding into new adjacencies, such as communications infrastructure, automotive, and the Internet of Things. Further, Intel expects to leverage its chip manufacturing capabilities into an outsourced foundry model where it constructs chips for others.
After a thorough review of the options trading surrounding Intel, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Intel</h3>
<ul>
<li>With a volume of 20,349,013, the price of INTC is down -1.76% at $23.49. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 24 days.</li>
</ul>
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Markets

Smart Money Is Betting Big In INTC Options

Semiconductor stocks, led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), are trading lower Monday amid reports that Beijing is <a target="_blank" href="https://www.benzinga.com/news/24/09/41082667/heres-why-china-is-urging-its-companies-to-forgo-nvidias-chips" rel="noreferrer noopener">encouraging Chinese firms</a> to focus on domestic artificial intelligence (AI) chips from companies like Cambricon Technologies Corp and&nbsp;Huawei Technologies Co.
The move marks an escalation of geopolitical tensions between China and the U.S.
Nvidia suppliers and rivals including Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), STMicroelectronics NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) are down in pin action with the interconnectivity of the semiconductor ecosystem.
AI server company Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is also down.
China recently announced plans to slash its key rates to drive growth, shadowing the U.S. move. The countries expect the move to drive discretionary spending, which in turn will drive economic growth.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41084992/nvidia-stock-could-touch-800-by-2030-bgg-executive-predicts-550-upside-driven-by-ai-revolution-a" rel="noreferrer noopener">Nvidia Stock Could Touch $800 By 2030, BGG Executive Predicts 550% Upside Driven By AI Revolution And Web3 Transition</a>
Prior reports indicated that Nvidia <a target="_blank" href="https://www.benzinga.com/government/24/07/39646273/is-nvidia-defying-us-export-controls-whats-going-on" rel="noreferrer noopener">was on track</a> to sell $12 billion of artificial intelligence chips in China in 2024 through the sale of over&nbsp;1 million new H20 chips, with each chip costing $12,000-$13,000.
<a target="_blank" href="https://www.benzinga.com/news/24/09/41066968/microsoft-google-meta-pave-path-to-ai-expansion-nvidia-and-broadcom-set-to-reap-benefits" rel="noreferrer noopener">Meanwhile, U.S. hyperscalers</a>, including Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Google parent&nbsp;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>) remain invested in their AI endeavors, signaling continued demand for Nvidia AI chips.
Chinese hyperscalar Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) also <a href="https://www.benzinga.com/news/24/09/41089672/whats-going-on-with-alibaba-stock-on-monday" target="_blank" rel="noreferrer noopener">collaborated with Nvidia</a> on autonomous driving experience.
<h2 class="wp-block-heading">AMD Stock Prediction For 2024</h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Advanced Micro Devices have an average 1-year price target of $196.27, representing an expected upside of 19.42%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Advanced Micro Devices, while 13 analysts have bullish ratings. The street high price target from Rosenblatt is $250.0, while the street low from Truist Securities is $156.0.
Price Action: NVDA stock is down 2.65% at $118.18 premarket at the last check on Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40980388/amd-chief-predicts-custom-chips-will-outperform-gpus-sees-shift-in-ai-chip-demand-report" target="_blank" rel="noreferrer noopener">AMD Chief Predicts Custom Chips Will Outperform GPUs, Sees Shift in AI Chip Demand: Report</a></li>
</ul>
Photo: Nazrul Iznan via Shuttestock

BABA

GOOG

GOOGL

What's Going On With Chip Stocks Like Nvidia, Taiwan Semi And AMD on Monday?

Struggling chipmaker Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)&nbsp;continues to receive <a target="_blank" href="https://www.benzinga.com/news/24/09/40968128/qualcomm-reportedly-eyes-potential-takeover-of-intel-amid-60-stock-decline-but-antitrust-concerns-lo" rel="noreferrer noopener">takeover proposals from</a> chip companies, the latest being Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) following Qualcomm Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) proposal earlier.
Arm Holdings recently proposed to acquire Intel&#8217;s product unit. However, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-09-27/arm-rejected-by-intel-after-approaching-it-about-buying-product-unit?sref=TBDibEcD" rel="noreferrer noopener">reports</a> that Intel is not looking to sell the business division.
Intel stock plunged 31% as it failed to capitalize on the artificial intelligence shift, which is something that contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) excelled at.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41012678/super-micro-unveils-next-gen-servers-powered-by-intels-latest-xeon-chips" rel="noreferrer noopener">Super Micro Unveils Next-Gen Servers Powered by Intel&#8217;s Latest Xeon Chips</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27091711/newplot-1-7.png" alt="" class="wp-image-569782" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27091711/newplot-1-7.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27091711/newplot-1-7-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Meanwhile, some reports indicated Intel&#8217;s plans to convert its <a target="_blank" href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday" rel="noreferrer noopener">foundry business into</a> an independent unit, including exploring a spinoff into a publicly traded company. The chipmaker also explored divesting stake in the programmable chip unit&nbsp;Altera.
However, Intel&#8217;s recent big wins included a&nbsp;U.S. chipmaking deal from&nbsp;Amazon.Com Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web services and the U.S. Chip grant.
The chipmaker also clarified that it would not divest a majority stake in the struggling <a target="_blank" href="https://www.benzinga.com/news/24/09/40941075/whats-going-on-with-autonomous-driving-stock-mobileye-thursday" rel="noreferrer noopener">Israeli autonomous driving company</a> Mobileye Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), whose stock is down 66% in the last 12 months.
Intel&#8217;s exploration of stake sales to companies like Qualcomm and Arm could hinder its U.S. subsidy over antitrust grounds, the Financial Times <a target="_blank" href="https://www.ft.com/content/ff0ca77d-ad35-45ba-a493-201a26932efb" rel="noreferrer noopener">reports</a>.
Multiple deals including Nvidia&#8217;s proposal to snap Arm Holdings from&nbsp;Softbank Group Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) and Intel&#8217;s&nbsp;Tower Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) deal have succumbed to global regulatory opposition.
The semiconductor sector had a good week, buoyed by the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/41046485/whats-going-on-with-nvidia-braodcom-intel-and-other-chip-stocks-on-thursday" rel="noreferrer noopener">key rate cuts</a> in the U.S. and China, an upbeat quarterly print from Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), and continued AI investments from Big Tech companies.
Semiconductor ETFs, Invesco Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSI#NYSE">PSI</a>) and SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>), gained 5%- 7% in the last five days.
Price Action: INTC stock is down 0.04% at $23.91 at the last check on Friday.
Photo via Shutterstock

AMZN

MBLY

PowerShares Exchange-Traded Fund Trust Dynamic Semiconductor Portfolio

SFTBF

SFTBY

TSEM

What's Going On With Intel Stock On Friday?

The quarterly performance of Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) adequately reflects that the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/41046485/whats-going-on-with-nvidia-braodcom-intel-and-other-chip-stocks-on-thursday" rel="noreferrer noopener">artificial intelligence wave</a> is in no mood to slow down in the near term.
Hyperscalers, including Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Google parent 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>), Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) remain aggressively invested in their artificial intelligence ambitions. The U.S. and China&#8217;s key rate cuts also added an additional tailwind for the capital-intensive industry.
Microsoft committed 14.7 billion Reais ($2.70 billion) over three years to Brazil&#8217;s cloud and artificial intelligence (AI) infrastructure, according to a Reuters report.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41055252/microns-ai-driven-hbm-demand-and-data-center-growth-to-fuel-stock-upside-analysts-s" rel="noreferrer noopener">Micron&#8217;s AI-Driven HBM Demand and Data Center Growth to Fuel Stock Upside, Analysts Say</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27051414/newplot-23.png" alt="" class="wp-image-569372" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27051414/newplot-23.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27051414/newplot-23-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
The company&#8217;s ConectAI program will train 5 million people with AI skills over the next three years. Microsoft already has two Azure regions: one in São Paulo state, which it launched in 2014, and another in Rio de Janeiro, which it launched in 2020.
Earlier this week, Microsoft <a target="_blank" href="https://www.benzinga.com/government/24/09/41020845/microsoft-invests-1-3b-to-boost-ai-skills-and-infrastructure-in-mexico" rel="noreferrer noopener">earmarked $1.3 billion</a> over the next three years to drive Mexico&#8217;s AI infrastructure and initiatives, including training 5 million people. Microsoft also collaborated with BlackRock, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) and other partners, forging a fresh $30 billion investment fund to <a target="_blank" href="https://www.benzinga.com/news/24/09/40909973/blackrock-microsoft-others-team-up-for-30b-artificial-intelligence-fund-help-us-fuel-ai-innovation-a" rel="noreferrer noopener">tap the AI wave</a>.
Google is eyeing a $3.3 billion investment in South Carolina to build two new data centers. The search engine giant&#8217;s plans included two new data center campuses in Dorchester County and expanding its existing data center campus in Berkeley County, Reuters cites the South Carolina governor&#8217;s office as saying.
Alphabet committed $2 billion to the Dorchester County facilities, potentially creating 200 new operational jobs. According to Reuters, the company also earmarked $1.3 billion for Berkeley County.
Another positive update for the industry is the <a target="_blank" href="https://www.ft.com/content/ff0ca77d-ad35-45ba-a493-201a26932efb" rel="noreferrer noopener">report</a> indicating struggling chipmaker Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and the U.S. government are trying to finalize the $8.5 billion in direct funding for the chipmaker before the end of the year.
Therefore, Intel&#8217;s exploration of stake sales to companies like Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) could also disrupt its chances of bagging the subsidy over antitrust grounds. Intel had already faced <a target="_blank" href="https://www.benzinga.com/m-a/24/08/40648165/intel-weighs-major-business-split-factory-delays-amid-strategic-review-report" rel="noreferrer noopener">Senator scrutiny over</a> its cost-cutting measures as the subsidy aims to create additional U.S. jobs.
Semiconductor ETFs VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) gained 5%-6% in the last 5 days.
Price Actions: INTC stock is up 1.21% to $24.21 premarket at last check on Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41054106/meta-analysts-highlight-ai-vr-advances-see-growth-pushing-it-toward-apple-like-valuation" target="_blank" rel="noreferrer noopener">Meta Analysts Highlight AI, VR Advances, See Growth Pushing It Toward Apple-Like Valuation</a></li>
</ul>
Image Via Shutterstock

Microsoft, Google, Meta Pave Path to AI Expansion, Nvidia and Broadcom Set to Reap Benefits

<ul>
<li>NVDA</li>
<li>SMCI</li>
<li>TSLA</li>
<li>MADE</li>
<li>WAY</li>
<li>BABA</li>
<li>BB</li>
<li>INTC</li>
<li>AI</li>
<li>ASTS</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

Trading Ideas

ASTS

MADE

TSLA

Top 10 Trending Stocks On WallStreetBets As Of September 27, 2024 (Via Swaggy Stocks)

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$125.00</td>
<td>$32.5K</td>
<td>10.3K</td>
<td>73.9K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$227.50</td>
<td>$25.2K</td>
<td>18.6K</td>
<td>51.4K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$29.0K</td>
<td>25.7K</td>
<td>6.6K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$435.00</td>
<td>$29.2K</td>
<td>3.4K</td>
<td>4.6K</td>
</tr>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$35.0K</td>
<td>3.7K</td>
<td>1.6K</td>
</tr>
<tr>
<td>PGY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$29.4K</td>
<td>1.0K</td>
<td>413</td>
</tr>
<tr>
<td>ACN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$350.00</td>
<td>$25.4K</td>
<td>666</td>
<td>399</td>
</tr>
<tr>
<td>JBL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$120.00</td>
<td>$30.6K</td>
<td>689</td>
<td>360</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$38.00</td>
<td>$33.0K</td>
<td>3.1K</td>
<td>290</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$220.00</td>
<td>$34.9K</td>
<td>1.3K</td>
<td>269</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option trade with neutral sentiment. It expires in 1 day(s) on September 27, 2024. Parties traded 100 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $32.5K, with a price of $325.0 per contract. There were 10322 open contracts at this strike prior to today, and today 73990 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on September 27, 2024. Parties traded 252 contract(s) at a $227.50 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $100.0 per contract. There were 18626 open contracts at this strike prior to today, and today 51421 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bearish, expiring in 113 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $20.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $290.0 per contract. There were 25783 open contracts at this strike prior to today, and today 6686 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bearish, expiring in 8 day(s) on October 4, 2024. This event was a transfer of 100 contract(s) at a $435.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $292.0 per contract. There were 3437 open contracts at this strike prior to today, and today 4628 contract(s) were bought and sold. 
• For DOCN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), we notice a call option trade that happens to be bearish, expiring in 22 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $42.50 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $175.0 per contract. There were 3702 open contracts at this strike prior to today, and today 1649 contract(s) were bought and sold. 
• For PGY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>), we notice a call option sweep that happens to be bullish, expiring in 113 day(s) on January 17, 2025. This event was a transfer of 190 contract(s) at a $10.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $155.0 per contract. There were 1001 open contracts at this strike prior to today, and today 413 contract(s) were bought and sold. 
• Regarding ACN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on September 27, 2024. Parties traded 62 contract(s) at a $350.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $410.0 per contract. There were 666 open contracts at this strike prior to today, and today 399 contract(s) were bought and sold. 
• For JBL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>), we notice a call option trade that happens to be bearish, expiring in 22 day(s) on October 18, 2024. This event was a transfer of 42 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $30.6K, with a price of $730.0 per contract. There were 689 open contracts at this strike prior to today, and today 360 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a call option sweep that happens to be bullish, expiring in 813 day(s) on December 18, 2026. This event was a transfer of 112 contract(s) at a $38.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $295.0 per contract. There were 3169 open contracts at this strike prior to today, and today 290 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be neutral, expiring in 113 day(s) on January 17, 2025. This event was a transfer of 92 contract(s) at a $220.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $380.0 per contract. There were 1326 open contracts at this strike prior to today, and today 269 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DOCN

<ul>
<li>NVDA</li>
<li>MU</li>
<li>TSLA</li>
<li>BABA</li>
<li>QQQ</li>
<li>WAY</li>
<li>MADE</li>
<li>INTC</li>
<li>RKLB</li>
<li>AI</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

RKLB

Top 10 Trending Stocks On WallStreetBets As Of September 26, 2024 (Via Swaggy Stocks)

Semiconductor stocks especially linked to artificial intelligence led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</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>), Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) are trading higher Thursday in sympathy with Micron Technology, Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
Micron&#8217;s upbeat fourth-quarter performance is pushing the sector higher. AI server company Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) has also gained momentum.
On Wednesday, Micron reported quarterly revenue of $7.75 billion, up by 93%, beating the&nbsp;analyst consensus of $7.64 billion. This was driven by <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita" rel="noreferrer noopener">a strong ramp</a> of its data center DRAM and high-bandwidth memory products.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41032464/new-broadcom-chipsets-set-to-boost-comcast-and-charter-networks-with-over-25-gbps-speed" rel="noreferrer noopener">New Broadcom Chipsets Set to Boost Comcast and Charter Networks With Over 25 Gbps Speed</a>
The upbeat quarterly prints of Nvidia, Broadcom, and Micron bear testimony to the continued AI frenzy as hyperscalers remain invested in their AI endeavors.
Some positive updates bearing testimony to continued AI momentum include Microsoft earmarking $1.3 billion to <a target="_blank" href="https://www.benzinga.com/government/24/09/41020845/microsoft-invests-1-3b-to-boost-ai-skills-and-infrastructure-in-mexico" rel="noreferrer noopener">boost AI infrastructure</a> and skills in Mexico and Taiwan Semiconductor bagging <a target="_blank" href="https://www.benzinga.com/government/24/09/41007184/taiwan-semi-secures-7-5b-boost-for-arizona-expansion-aims-for-advanced-chip-production-report" rel="noreferrer noopener">smartphone chip deals</a> from 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>) and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
BofA Securities analyst Justin Post also hailed the latest partnership between rival cloud providers Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), which can unlock demand <a target="_blank" href="https://www.benzinga.com/news/24/09/40800539/amazon-and-oracle-partnership-unlocks-major-cloud-growth-opportunity-analyst-suggests" rel="noreferrer noopener">for infrastructure and applications</a>.
Struggling chipmaker Intel&#8217;s Amazon deal and U.S. grant also <a target="_blank" href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday" rel="noreferrer noopener">reflect further optimism</a>.
The semiconductor sector also benefited from the key rate cuts by the U.S. and China, which aim to <a target="_blank" href="https://www.benzinga.com/government/24/09/41004045/whats-going-on-with-chinese-stocks-alibaba-nio-xpeng-li-auto-on-tuesday" rel="noreferrer noopener">spur discretionary spending</a> by capital-intensive companies.
Price Actions: NVDA stock is up 2.51% at $126.62 premarket at last check Thursday. AMD is up 3.10% at $167.04, and INTC is up 3.70% at $24.41.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/09/41023040/nvidia-xpeng-join-alibabas-apsara-conference-to-showcase-ai-tech-advancements" target="_blank" rel="noreferrer noopener">Nvidia, XPeng Join Alibaba&#8217;s Apsara Conference to Showcase AI Tech Advancements</a></li>
</ul>
Photo via Shutterstock

Earnings

Movers

ORCL

What's Going On With Nvidia, Broadcom, Intel, And Other Chip Stocks On Thursday?

ACHR

AEHR

AMBR

ASML

AXTI

DIOD

GCTS

INDI

KLIC

LSCC

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

MKSI

NVTS

RMBS

SIMO

SYNA

UCTT

Shares of semiconductor and chip stocks are trading higher following strong earnings from Micron.

LEDS

Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares are trading higher Wednesday following the company's highly anticipated launch of its Xeon 6 processors and Gaudi 3 AI accelerators. Here&#8217;s <a href="https://www.benzinga.com/news/earnings/24/09/41006101/jump-on-intel-now-qualcomms-bid-could-ignite-a-rally">what you need to know.</a>
What To Know: These next-generation products are designed to power high-performance AI and computing workloads, with Xeon 6 doubling the performance of its predecessor and Gaudi 3 delivering up to 20% more throughput compared to Nvidia's H100, particularly in large-scale AI model training and inference.
Through key partnerships with Dell Technologies and IBM, Intel is pushing for co-engineered AI systems that deliver better performance per watt and lower total cost of ownership for enterprise AI deployments. 
The Gaudi 3 AI accelerator, specifically optimized for AI models like LLaMa 2, along with Xeon 6, is expected to make Intel a more competitive player in the enterprise AI ecosystem.
INTC Price Action: Intel's stock was up by 3.20% at $23.54 at market close Wednesday, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1722883001180099"><img loading="lazy" decoding="async" width="1024" height="542" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25160053/INTC-3-1024x542.png" alt="" class="wp-image-566410" style="width:516px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25160053/INTC-3-1024x542.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25160053/INTC-3-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25160053/INTC-3-768x407.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25160053/INTC-3.png 1377w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also:
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/09/41033980/trumps-tariff-threat-could-hit-john-deere-stock-pro-trump-congress-member-faces-potential-losses">Trump&#8217;s Tariff Threat Could Hit John Deere Stock: Pro-Trump Congress Member Faces Potential Losses</a></li>
</ul>
Photo: Tada Images/Shutterstock.com.

Why Are Intel Shares Trading Higher Today?

After experiencing a declining trend since its highs in 2021, Intel Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>) stock is now trading at a mere 43% of its 52-week high today. While this price action could have caused most to avoid such underperformance, there are others who can spot and appreciate the deep value aspect of this steep discount, one that can be taken advantage of today.
For reasons that investors will clear up in a bit, Intel and not peers like Micron Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mu#NASDAQ">MU</a>) got the benefit of the doubt from the United States government in a recent grant to further build out the semiconductor supply chain domestically. The technology sector has seen major swings since COVID-19, though these two chip makers fell behind by a significant rate.
This could change for Intel stock soon; however, last week alone, it rallied by nearly 10% to end the period on a new announcement. But, before investors know which event drove the stock higher to the end of the week, they should know that the semiconductor industry could be about to shift into its sales cycle as supply tightens and margins improve for Intel.
<h2>Qualcomm&#39;s $100 Billion Starting Takeover Bid for Intel: How High Could It Go?</h2>
Considering that Intel rose to a near $100 billion market capitalization, investors could safely assume that Qualcomm Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>) has to make the starting takeover bid at this price. The fact is, however, that Intel shareholders will likely command a premium price on their holdings, especially after recent events.
So, how high can the bid go? Investors can look to Wall Street analysts for some guidance, particularly their earnings per share (EPS) growth forecasts. At $0.02 a share, analysts expect Intel to earn up to $0.23 EPS in the next 12 months.
Now that Wall Street expects Intel to see a tenfold increase in profits, analysts at Northland Securities decided to keep their &quot;Outperform&quot; rating on Intel stock and boosted their valuations to $42 a share. To prove these valuations right, Intel stock would need to rally by as much as 92.6% from where it trades today.
Despite the stock&#39;s underperformance over the past three years, Intel has managed to accumulate enough bullish trends to shake off a few bears. In the past month, Intel stock&#39;s short interest declined by 9.6%, showing signs of bearish capitulation, leaving room for bulls to take their place instead.
Some of the bulls that came in to lead the way include Legal &amp; General Group, which boosted their holdings in Intel sock by 1.3% as of August 2024. This may seem like little on a percentage basis. Still, the addition netted the Group&#39;s investment in Intel stock at a $1.2 billion level today.
However, this is only a small percentage of the $13.6 billion in institutional capital that entered the company over the past 12 months, one factor that investors should watch out for in the coming months as these takeover talks take place.
<h2>Intel Stock Gains Another Major Backer as Markets Spot a Massive Discount</h2>
Recently, the government announced another round of grants for the semiconductor industry, and this time, Intel stock earned its place in the funding list with $3.5 billion in grants. It is important for investors to keep this in mind for the following reasons.
It wasn&#39;t NVIDIA Co.&nbsp;that received these grants, and it wasn&#39;t Micron Technology that received a takeover bid from Qualcomm despite having a similar market capitalization ($100.8 billion) to Intel. This confidence from investors and the government directly adds value to the company&#39;s brand.
This news also created interest in the sock, another important gauge for investors to consider when evaluating this potential value play. Intel stock has an average volume of 57.6 million, and recently, the volume spiked to 260.4 million shares.
The combination of good news and Intel&#39;s discount caused this much volume to come into the company, showing interest from new buyers. Here&#39;s how steep of a discount Intel offers investors today, the same discount that Qualcomm probably considered when reviewing its takeover bid.
Comparing price-to-book (P/B) ratios between Intel and the computer sector would show this divergence. Intel stock now trades at a low of 0.8x P/E, a discount not only to its own book value but also to the industry&#39;s average valuation of 7.0x P/B.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/jump-on-intel-now-qualcomms-bid-could-ignite-a-rally/">Jump on Intel Now: Qualcomm&#39;s Bid Could Ignite a Rally</a>&quot; first appeared on MarketBeat.

Large Cap

Jump on Intel Now: Qualcomm's Bid Could Ignite a Rally

Majorie Taylor Greene disclosed new stock transactions this week, which come as public efforts to ban members of Congress from trading continue to grow over <a href="https://www.benzinga.com/general/politics/24/05/39096827/exclusive-khanna-says-shameful-congress-members-profited-from-stocks-calls-for-trading-ban-makin">potential conflicts of interest.</a>
Here are the latest trades by the Republican House member from Georgia.
 What Happened: Greene has increased her frequency of trading disclosures <a href="https://www.benzinga.com/markets/equities/24/05/38611874/marjorie-taylor-greene-reveals-new-stock-trades-after-2-year-gap-berkshire-hathway-goldman-sachs">in recent months</a> with several large batches of stock purchases announced recently after a two-year hiatus of disclosures.
On Sept. 23, Greene disclosed her latest transactions, as reported by<a href="https://www.benzinga.com/gov-trades/members/marjorie-taylor-greene"> Benzinga's Government Trades page.</a>
Here are the stocks Greene bought, with each one disclosed as a value of $1,000 to $15,000:
<ul>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</li>
<li>Berkshire Hathaway B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)</li>
<li>Blackstone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>)</li>
<li>Cardinal Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>)</li>
<li>CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)</li>
<li>Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</li>
<li>Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>)</li>
<li>Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</li>
<li>Southern Copper Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NASDAQ">SCCO</a>)</li>
<li>United Parcel Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>)</li>
</ul>
Several of these purchases add to recent stakes taken by the representative, including shares of Berkshire Hathaway, Microsoft and CrowdStrike.
The disclosure by Greene did not report any sale transactions, which means the congresswoman continues to hold her Trump Media &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares <a href="https://www.benzinga.com/general/social-media/24/08/40475137/djt-stock-hits-new-lows-since-trump-media-companys-public-debut-heres-how-much-marjorie-tayl">bought in October 2021.</a>
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent092524">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Greene disclosed buying Digital World Acquisition shares back in October 2021, the SPAC that took Donald Trump's media company public in March 2024.
The transaction was done with shares trading between $67.96 to $118.80. A tweet from UnusualWhales pins the purchase price at $94.20, meaning Greene is down significantly on her $15,000 to $50,000 purchase in the Trump-linked stock. Shares of DJT trade at $13.63 at the time of writing.
Greene buying CrowdStrike shares continues to be an area to watch as <a href="https://www.benzinga.com/general/politics/24/07/39585140/marjorie-taylor-greene-buys-cybersecurity-stock-owned-by-nancy-pelosi-why-trade-could-draw-red-f">Benzinga previously reported</a> the representative sits on the Subcommittee on Cybersecurity, Information Technology and Government Innovation, which operates under the House Committee on Oversight and Accountability.
With the latest stock transactions, Greene has increased her holdings in technology stocks along with placing bets on Warren Buffett to continue powering Berkshire Hathaway along after the stock hit a $1 trillion market capitalization.
Not many can say that their investing portfolios are betting on Donald Trump and Warren Buffett, but Greene can.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent092524">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Photo: Shutterstock

Politics

CRWD

SCCO

Marjorie Taylor Greene Stays Loyal To Trump, Keeps DJT Stock, Buys Into Warren Buffett's Berkshire In Latest Trades

Intel shares are trading higher. The company on Tuesday announced the launch of Xeon 6 and Gaudi 3.

Years ago, President Trump talked about a change in tax rates that he described as &ldquo;big league&rdquo;. It was misinterpreted as &ldquo;bigly&rdquo; and a new word entered the lexicon. Last week, the Fed pivoted and cut the fed funds rate. This cut was more than two years after Fed doves and asset gatherers started begging for a return to zero interest rates. The Fed was too late for them and too early for my liking. They went for the 50bp cut, a bigly move. Those who disagree with me about the Fed will find their proof in weaker than expected results from shipper, FedEx (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdx#NYSE">FDX</a>). Intel (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>) makes the smart move to separate their foundry business and gets a $3B government contract (and a potential buyout). Despite being a free market advocate, I think this was a good move for all involved. We discuss how Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is a short-term proxy for the NASDAQ and a long-term hedge against inflation. Finally, Learn Wall Street gives the smart advice to do substantial research before investing and we provide two examples of why that&rsquo;s important.
This week, we&rsquo;ll address the following topics:
<ul>
<li>
The Federal Reserve pivots and cuts the fed funds rate by 50bp. More cuts on the way.
</li>
<li>
Lower rates mean more inflation which means reduced purchasing power for the dollar. Bitcoin rises on expectations for a weaker dollar.
</li>
<li>
Intel restructures and gets a big government contract. After weeks of criticizing Intel, DKI approves.
</li>
<li>
FedEx&nbsp;misses bigly supporting the decision of the Fed to cut.
</li>
<li>
If someone tells you there&rsquo;s gold underground, how do you know there&rsquo;s gold?
</li>
</ul>
Alex Petrou and Andrew Brown come through bigly delivering an almost-completed version of this week&rsquo;s 5 Things by Thursday night. Fantastic work as usual. Next week&rsquo;s 5 Things will not include the word &ldquo;bigly&rdquo;. In order to remain non-partisan, will we include the term &ldquo;unburdened by what has been&rdquo;? Probably not, but check in with us just to be certain.
Ready for a new week of big rate cuts and more inflation? Let&rsquo;s dive in:
<ul>
<li>
<a href="https://www.youtube.com/watch?v=-7aIf1YnbbU&amp;t=10s">The Fed Pivot is Here</a>:
</li>
</ul>
The Federal Reserve completed its September meeting and decided to cut the fed funds rate by 50bp (.50%). The market knew the Fed would pivot and cut at this meeting. There was debate regarding the size of the cut. I had expected 25bp (.25%). The doves in the crowd calling for the larger 50bp cut were correct. The Fed will continue its monthly quantitative tightening and will continue to shrink the size of its balance sheet (for now). Given the weaker employment data and the public comments by Chairman Powell, I&rsquo;m not surprised the Fed cut (no one is surprised at this point). I&rsquo;m a bit surprised by the larger 50bp cut because the Fed tries to appear non-partisan and non-political in its actions. Today&rsquo;s larger cut just 6 weeks before the November elections give the appearance that they&rsquo;re trying to help Democratic candidates. Public cries for a 75bp cut from prominent Democratic politicians did not help this perception.
<img alt="70s_inflation_comparison.jpg" src="https://www.benzinga.com/files/images/2024/September/25/70s_inflation_comparison.jpg" style="height:381px; width:624px" />
For those of you who were cheering for rate cuts, please look at this chart.
DKI Takeaway: I&rsquo;m probably in the minority here, but think this cut is unwise. While many claim that the US economy is already in recession, I&rsquo;m concerned that inflation is still above the 2% target and retail sales remain strong. There are still almost 8MM jobs available which is more than the number of people seeking jobs. Most importantly, Congress is still engaging in trillions of dollars of annual inflation-causing stimulus spending. (For those of you on team red or team blue, I&rsquo;m sorry to report that overspending is a bipartisan problem.) Check out the graph for this Thing where we compare the inflation of the 1960s and 1970s with the more recent numbers. You can see where former Fed Chairman, Arthur Burns, eased rates prematurely leading to a resurgence of inflation. It looks like the Powell-led Fed just made the same decision. In the end, my opinion of the wisdom of the actions of the Fed is not relevant. We get the market and conditions we get, not the ones we want. As usual, DKI will invest based on the market we have. Our portfolio is well-prepared for higher inflation over the next few years. It&rsquo;s also important to note that recent DKI stock picks are high potential-return companies that I believe won&rsquo;t be economically sensitive and can continue to grow revenue at a high level regardless of future Fed actions.
<ul>
<li>
Bitcoin Update:
</li>
</ul>
Since hitting its all-time high in March, Bitcoin has been moving sideways (really up and down), but MicroStrategy (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) is still buying. Recently, they raised $750 million through a convertible debt offering right after purchasing $1.1 billion of Bitcoin (18,300 BTC). The strategy is clear: stack BTC while the opportunity is still there. With the Fed cutting rates, rising inflation, and the dollar losing purchasing power, Bitcoin&rsquo;s long-term appeal as a hedge against currency debasement is becoming more important than ever. With more money printing on the horizon, Bitcoin should thrive as traditional currencies continue to lose value.
<img alt="blackrock_bitcoin.jpeg" src="https://www.benzinga.com/files/images/2024/September/25/blackrock_bitcoin.jpeg" style="height:450px; width:447px" />
BlackRock was against Bitcoin before figuring out how to make money from it.
DKI Takeaway: In the short term, Bitcoin is still behaving as a high-beta proxy for tech stocks like the Nasdaq&rsquo;s Invesco QQQ Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>)&mdash;rising sharply when tech rallies and crashing hard when sentiment sours. Following the recent Fed meeting, Bitcoin jumped from $59,000 to $63,500, reflecting this tech-driven volatility. Meanwhile, BlackRock released a whitepaper titled &quot;Bitcoin: A Unique Diversifier&quot;, outlining Bitcoin&rsquo;s growing role as a non-correlated asset and stressing its importance given the looming US debt crisis. With the US debt ballooning and dollar value at risk, Bitcoin is increasingly being seen as a critical asset in a diversified portfolio, unshackled from traditional market forces. DKI has owned and recommended Bitcoin since it was $15k.
<ul>
<li>
Intel Fights Back:
</li>
</ul>
As previously reported by DKI, Intel has faced challenges in recent weeks, struggling with negative headlines related to chip malfunctions. The company is having manufacturing issues and has fallen behind in power efficiency and AI-related GPUs. However, this week brought positive news from CEO Pat Gelsinger. Gelsinger announced that Intel&rsquo;s Foundry business will be restructured as a subsidiary with its own board, allowing it to raise external capital independently. He also hinted at a potential future spinoff of this division, which serves as a manufacturing partner for tech companies developing new products. In addition, the Foundry unit has entered a partnership with Amazon Web Services (AWS) to produce custom chips. Another significant development is the $3 billion in direct federal funding Intel secured for their Secure Enclave Program.
<img alt="intel.jpg" src="https://www.benzinga.com/files/images/2024/September/25/intel.jpg" style="height:371px; width:624px" />
It&#39;s been a rough year for Intel, but the takeover talk helped the stock price.
DKI Takeaway: Intel has struggled for the past few years. Their decline began in 2020 when Apple (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) decided to move away from Intel&#39;s chips in favor of its own M series. However, this week&#39;s announcements could signal a turning point. With ongoing layoffs and the separation of their business units, the company is positioning itself for greater efficiency. The $3 billion government order is a significant boost for both the company and national security. In today&rsquo;s world, chips are essential, and an inability of the U.S. to domestically produce and develop them poses a national security risk. While DKI generally advises against additional government intervention in the economy, this is one of the rare instances where national security considerations outweigh concerns over government spending. As we were finalizing this week&rsquo;s 5 things, Qualcom (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>) announced they are interested in buying Intel. We&rsquo;ll probably have more on that next week.
<ul>
<li>
FedEx&nbsp;Earnings Disappoints and Validates the Federal Reserve:
</li>
</ul>
On Thursday, FedEx reported disappointing earnings, with revenue of $21.6 billion falling short of the projected $21.9 billion. The company also posted earnings per share of $3.60, well below the expected $4.77. Management cited a &ldquo;mix shift&rdquo; that &ldquo;reduced demand for priority services,&rdquo; which constrained yield growth. Additionally, they revised guidance, lowering revenue growth projections from low-to-mid single digits to low single digits and adjusting fiscal 2025 EPS expectations to $20-$21, down from the previous range of $20-$22.
<img alt="fedex_stock_price_-_september_20th_2024.jpg" src="https://www.benzinga.com/files/images/2024/September/25/fedex_stock_price_-_september_20th_2024.jpg" style="height:375px; width:624px" />
Lack of shipping demand supports the Fed decision to cut.
DKI Takeaway: FedEx&rsquo;s earnings are closely tied to retail performance, as the company supports major retailers like Walmart, Target, and Home Depot. Recently, FedEx reduced its end-of-year guidance, mirroring similar actions by these retail giants. This signals a slowdown in consumer spending and increasing unemployment, key factors influencing Fed Chair Powell&rsquo;s decision to adjust policy. The disappointing earnings report led to an 11% drop in FedEx&rsquo;s stock during after-hours trading, reflecting investor concerns about the broader economic outlook affirming the Fed&rsquo;s decision to make a larger cut in the fed funds rate. DKI has disagreed with the Fed decision to cut by 50bp. If you disagree with us, weak demand at $FDX is a good place to start.
<ul>
<li>
Gold/Investment Research:&nbsp;
</li>
</ul>
As usual, our friends at <a href="https://learnwallstreet.org/">Learn Wall Street</a> make an important point about doing proper research before investing. It might be fun to buy the latest meme stock on its way &ldquo;to the moon&rdquo; as a get rich quick and easy scheme, but the market has a way of punishing those who want to avoid doing hard work. Back in the 1990&rsquo;s, Canadian mining company, Bre-X Minerals, <a href="https://www.bbc.com/news/world-us-canada-68987824">claimed it had found a huge amount of gold</a> in the Indonesian jungle. Bre-X stock rose from $.20 to $280 (Canadian dollars). Skipping ahead, there was no gold. It turns out core samples were &ldquo;salted&rdquo; meaning gold from another location was sprinkled into samples to provide the false impression of a big gold find. There was no gold. Investors lost their money. And the chief geologist (or someone who looked like him) exited a helicopter in flight. It was a terrible outcome for everyone involved.&nbsp;
<img alt="learn_wall_street_research.jpeg" src="https://www.benzinga.com/files/images/2024/September/25/learn_wall_street_research.jpeg" style="height:624px; width:624px" />
Image Credit: <a href="https://x.com/LearnWllStreet/status/1808149286623793607/photo/1">Learn Wall Street</a>
DKI Takeaway: In 2012, I attended an investment conference where a prominent hedge fund manager extoled the virtues of Viacom. At the time, most big hedge funds had huge positions in Viacom, CBS, and Disney which owned ABC and ESPN. After a week of research, I went back to a friend at a multi-billion-dollar fund which owned Viacom. I asked how he got comfortable with the risk of streaming television, YouTube, Hulu, Netflix, piracy, and DVR-powered commercial avoidance. His answer was &ldquo;I haven&rsquo;t thought about it.&rdquo; Raji and I wrote a white paper called <a href="https://deepknowledgeinvesting.com/tv-is-next/">TV is Next</a> where we correctly predicted the downfall of the traditional television model due to now-common streaming. The linear television stocks got crushed in the coming years while Netflix grew its stock price and market cap to $300 billion. The tl;dr version: if a company or a smart investor tells you something, it&rsquo;s worth the time to do your own research and come to your own conclusion.
Information contained in this report, and in each of its reports, is believed by Deep Knowledge Investing (&ldquo;DKI&rdquo;) to be accurate and/or derived from sources which it believes to be reliable; however, such information is presented without warranty of any kind, whether express or implied.&nbsp; DKI makes no representation as to the completeness, timeliness, accuracy or soundness of the information and opinions contained therein or regarding any results that may be obtained from their use.&nbsp;The information and opinions contained in this report and in each of our reports and all other DKI Services shall not obligate DKI to provide updated or similar information in the future, except to the extent it is required by law to do so.&nbsp;
The information we provide in this and in each of our reports, is publicly available. This report and each of our reports are neither an offer nor a solicitation to buy or sell securities. All expressions of opinion in this and in each of our reports are precisely that. Our opinions are subject to change, which DKI may not convey. DKI, affiliates of DKI or its principal or others associated with DKI may have, taken or sold, or may in the future take or sell positions in securities of companies about which we write, without disclosing any such transactions.
None of the information we provide or the opinions we express, including those in this report, or in any of our reports, are advice of any kind, including, without limitation, advice that investment in a company&rsquo;s securities is prudent or suitable for any investor. In making any investment decision, each investor should consult with and rely on his or its own investigation, due diligence and the recommendations of investment professionals whom the investor has engaged for that purpose.&nbsp;
In no event shall DKI be liable, based on this or any of its reports, or on any information or opinions DKI expresses or provides for any losses or damages of any kind or nature including, without limitation, costs, liabilities, trading losses, expenses (including, without limitation, attorneys&rsquo; fees), direct, indirect, punitive, incidental, special or consequential damages.

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5 Things To Know In Investing This Week: The We Pivoted Bigly Issue

Nvidia, Broadcom among semis to see 'greatest expansion' by fund managers: BofA

Top movers as S&P 500 clocks another quarter of growth

Top movers as S&P 500 clocks another quarter of record growth

Intel, Nvidia, Micron lead chip sell-off as geopolitical tensions increase

A flat week that was anticipated, one notable event was China's stimulus package announcement, which sent China-related stocks soaring. Most of these stocks surged without prior consolidations/warning signs. This week, we anticipate some retracement.

Four Stocks To Watch This Week - Tuesday, Oct. 01

Here is some welcome news for Intel ($INTC) investors; while the chip maker has been on the ropes lately, particularly in the face of growing compe...

Intel (NASDAQ:INTC) Works to Strengthen the AI Supply Chain

Some welcome news for Intel ($INTC) investors. The chipmaker is working to establish some new lines of business. Specifically, it has started worki...

Intel (NASDAQ:INTC) Strengthens the AI Supply Chain

The consumer goods sector is flourishing, with positive economic indicators and solid wage gains. As consumer spending rebounds, quality consumer stocks Amazon.com (AMZN), Lowe's Companies (LOW), and The TJX Companies (TJX) could be ideal buys now. Keep reading… As consumer spending rebounds, consumer stocks offer promising investment opportunities. The industry represents companies that provide non-essential goods and services, such as home improvement, fashion, and consumer products, which tend to perform well when consumer confidence and spending are high.
Given this backdrop, it could be wise to invest in fundamentally strong consumer stocks  Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>), Lowe's Companies, Inc. (<a href="https://stocknews.com/stock/LOW/">LOW</a>), and The TJX Companies, Inc. (<a href="https://stocknews.com/stock/TJX/">TJX</a>).
Consumers boosted spending in August, propelling the economy's growth prospects for the third quarter. The Commerce Department reported that <a href="https://www.reuters.com/markets/us/us-consumer-spending-rises-moderately-august-inflation-slows-2024-09-27/">consumer spending rose 0.2%</a>.
Unemployment also ticked down in August, with a <a href="https://www.marketplace.org/2024/09/06/august-jobs-report-is-mixed-but-a-pleasant-surprise-on-wages/">0.4% month-to-month growth in wages</a>. This was better than what the economists were expecting and was bigger than the wage growth in July. This can be an indication of a further increase in consumer spending.
Additionally, with the hopes of <a href="https://www.reuters.com/markets/us/traders-bet-second-straight-50-bps-fed-rate-cut-november-2024-09-27/">another 50-point interest rate cut</a> by the Fed, right after the historic cut this month, it could also boost the economy and its consumer spending further alongside easing inflation over the year.
Considering these encouraging economic trends, let's delve deeper into the fundamentals of top consumer stocks.
Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>)
AMZN specializes in retail sales, advertising, and subscription services through online and physical stores. The company also manufactures and sells electronics like Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and Eero and develops media content. Its segments include North America; International; and Amazon Web Services (AWS).
On September 16, AWS announced a strategic collaboration with Intel Corporation (<a href="https://stocknews.com/stock/INTC/">INTC</a>) to co-invest in custom chip designs under a multi-year, multi-billion-dollar framework. INTC will produce an AI fabric chip for AWS using its most advanced process node, Intel 18A.
By leveraging INTC's state-of-the-art technology, AWS would enhance its performance and efficiency, positioning AMZN at the forefront of innovation.
On September 9, AWS announced a strategic partnership with Oracle Corporation (<a href="https://stocknews.com/stock/ORCL/">ORCL</a>) to launch Oracle Database@AWS. This new service allows customers to access Oracle Autonomous Database on dedicated infrastructure and Oracle Exadata Database Service within AWS.
By integrating ORCL's services, AWS can enhance its cloud infrastructure, attracting more customers seeking robust database solutions. This strengthens AMZN's position in the cloud market, driving growth and broadening its service capabilities.
For the fiscal 2024 second quarter, which ended on June 30, AMZN's total net sales increased 10.1% year-over-year to $147.98 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> rose 91% from the year-ago value to $14.67 billion.
Additionally, the company's net income amounted to $13.48 billion, representing a year-over-year increase of 99.8%. Meanwhile, AMZN's EPS for the quarter grew 93.8% from the previous year's quarter to $1.26.
Analysts expect AMZN's revenue and EPS for the fiscal third quarter (ending September 2024) to increase 9.9% and 20.6% year-over-year to $157.18 billion and $1.13, respectively. In addition, the company topped the consensus EPS estimates in each of the trailing four quarters.
Shares of AMZN have surged 4.5% over the past six months and 49.2% over the past year to close the last trading session at $187.97.
AMZN's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
AMZN has an A grade for Sentiment and a B grade for Momentum and Quality. Within the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, it is ranked #13 out of 52 stocks.
<a href="https://stocknews.com/stock/AMZN/">Click here</a> to see AMZN's ratings for Growth, Value, and Stability.
Lowe's Companies, Inc. (<a href="https://stocknews.com/stock/LOW/">LOW</a>)
LOW operates as a home improvement retailer. It provides a line of products for construction, maintenance, repair, remodeling, and decorating. It also offers home improvement products, like appliances, seasonal and outdoor living, lawn and garden.
On June 3, LOW became the first home improvement retailer to offer customers an in-store, Apple Vision Pro-powered experience. With the technology, customers can try Lowe's Style Studio&#x2122; for Apple Vision Pro firsthand, enabling them to envision and design their dream kitchens using spatial computing and the help of a Lowe's associate.
This breakthrough launch bodes well with LOW's operations that immerse users in a high-fidelity 3D kitchen environment and enable them to explore, imagine, and bring their unique project to life in minutes.
During the fiscal second quarter that ended August 2, 2024, LOW reported net sales of $23.59 billion, and its operating income was $3.45 billion. The company's net earnings and EPS were $2.38 billion and $4.17, respectively. Further, the company's cash and cash equivalents stood at $4.36 billion as of August 2, 2024, compared to $3.49 billion as of August 4, 2023.
Street expects LOW's revenue for the fiscal year ending January 2026 to increase 2.32% year-over-year to $84.85 billion. Its EPS for the same period is expected to grow 7.7% year-over-year to $12.71. Also, the company has topped the consensus EPS estimates in each of the four trailing quarters, which is impressive.
Shares of LOW have surged 5.5% over the past six months and 29.1% over the past year to close the last trading session at $267.14.
LOW's solid fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
LOW has a B grade for Quality. It is ranked #20 out of 57 stocks in the B-rated <a href="https://stocknews.com/category/home-improvement-goods/">Home Improvement &amp; Goods</a> industry.
In addition to the POWR Ratings we've stated above, we also have LOW's ratings for Momentum, Sentiment, Value, Stability, and Growth. Get all LOW ratings <a href="https://stocknews.com/stock/LOW/">here</a>.
The TJX Companies, Inc. (<a href="https://stocknews.com/stock/TJX/">TJX</a>)
TJX operates as an off-price apparel and home fashion retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx; HomeGoods; TJX Canada; and TJX International.
On June 7, 2024, TJX announced a definitive agreement for a joint venture with Grupo Axo, S.A.P.I. de C.V., under which TJX would own 49% and Axo would own 51% of the joint venture. The joint venture would comprise Axo's off-price physical store business in Mexico, which includes a total of over 200 stores. The transaction is expected to close later this year.
TJX's net sales for the fiscal second quarter that ended August 3, 2024, amounted to $13.47 billion. The company's net income and earnings per share stood at $1.10 billion and $0.96, respectively.
The consensus revenue estimate of $13.98 billion for the fiscal third quarter ending October 2024 represents a 5.4% increase year-over-year. Its EPS is expected to grow 6.7% year-over-year to $1.10 for the same quarter. Moreover, the company surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
Over the past six months, TJX's stock has gained 16.2% to close the last trading session at $117.50.
TJX's POWR Ratings reflect its solid prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
TJX has a B grade for Momentum, Stability, Sentiment, and Quality. Within the <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry, it is ranked #13 out of 59 stocks.
To see TJX's additional ratings for Growth and Value, <a href="https://stocknews.com/stock/TJX/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
AMZN shares were trading at $185.66 per share on Monday afternoon, down $2.31 (-1.23%). Year-to-date, AMZN has gained 22.19%, versus a 21.27% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/amzn-low-tjx-orcl-intc-3-consumer-stocks-to-buy-as-spending-rebounds/>3 Consumer Stocks to Buy as Spending Rebounds</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Consumer Stocks to Buy as Spending Rebounds

The technology industry is set to experience solid growth owing to advanced innovations and increased government support. Hence, investing in fundamentally stable high-quality tech stocks such as Apple (AAPL), Amazon.com (AMZN), and Meta (META) could be a wise idea. Continue to read… The technology sector is set for significant growth owing to rising investments in Artificial Intelligence (AI), cloud computing, and cybersecurity. Moreover, as technology becomes integral to business, education, and healthcare, and with the shift towards hybrid work environments, the sector is positioned for sustained long-term expansion.
Given this landscape, it could be wise for investors to keep an eye on high-quality tech stocks Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>), Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>), and Meta Platforms, Inc. (<a href="https://stocknews.com/stock/META/">META</a>), which are well positioned for long-term growth.
The technology industry is experiencing an era of unprecedented growth and transformation. Rapid innovations are not only reshaping industries but also redefining consumer behavior and business practices. Tech companies are spearheading changes across various fields, including AI, cloud computing, digital payments, and cybersecurity.
That said, generative AI has seen a remarkable surge, with Google searches <a href="https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/the-top-trends-in-tech#new-and-notable">increasing by nearly 700%</a> from 2022 to 2023. This rise, coupled with a notable jump in job postings and investments, highlights the growing influence of AI.
Moreover, in 2023 and 2024, the capacity of large language models (LLMs) to process context windows surged dramatically from 100,000 to two million tokens. This leap signifies a shift from processing a single research paper to handling the equivalent of about 20 novels in a model's prompt.
The Biden-Harris administration's <a href="https://www.eda.gov/news/press-release/2024/07/02/biden-harris-administration-announces-next-funding-round-504-million">$504 million investment</a> in 12 Tech Hubs further boosts this momentum by funding projects, creating jobs, and fueling the nation's competitiveness. The investment aligns with the growing need for high-quality hardware to meet complex processing demands, thereby driving increased hardware sales.
Looking ahead, AI is projected to <a href="https://www.pwc.com/gx/en/issues/data-and-analytics/publications/artificial-intelligence-study.html">add up to $15.70 trillion</a> to the global economy by 2030, according to PwC. Concurrently, Gartner (<a href="https://stocknews.com/stock/IT/">IT</a>) forecasts an 8% year-over-year increase in worldwide IT spending, reaching <a href="https://www.gartner.com/en/newsroom/press-releases/2024-04-16-gartner-forecast-worldwide-it-spending-to-grow-8-percent-in-2024">$5.06 trillion this year</a>. The continued investment underscores the technology sector's pivotal role in future economic growth.
Considering the positive trends in the industry, let us discuss the fundamentals of three high-quality tech stocks, starting with #3.
Stock #3: Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>)
AAPL designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. The company offers iPhones, Macs, iPads, AirPods, Apple Watch, and Apple TV. In addition, AAPL provides AppleCare support and cloud services.
On September 9, AAPL announced its <a href="https://www.apple.com/newsroom/2024/09/apple-introduces-groundbreaking-health-features/">breakthrough in sleep and hearing health</a> features that will be added to its Apple Watch&#xAE; and AirPods Pro&#xAE; 2, which would help its customers support their sleep and hearing health for several medical conditions.
The innovation is expected to strengthen AAPL's customer support, enhance user well-being, and establish the company as a leader in health-focused technology.
On the same day, AAPL announced a <a href="https://www.apple.com/newsroom/2024/09/apple-introduces-airpods-4-and-a-hearing-health-experience-with-airpods-pro-2/">new lineup of AirPods&#xAE;</a>, the new AirPods 4 which contain an open-ear design, and are available in two distinct models: AirPods 4 and AirPods 4 with Active Noise Cancellation (ANC), making them the most advanced and comfortable headphones created by AAPL.
The cutting-edge headphones could attract tech-savvy consumers and solidify AAPL's reputation for superior comfort and innovation, driving significant market share and growth opportunities for the company.
During the fiscal 2024 third quarter that ended June 29, AAPL's total net sales rose 4.9% from the year-ago value to $85.78 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> increased 10.2% year-over-year to $25.35 billion.
In addition, the company's net income and EPS came in at $21.45 billion and $1.40, reflecting a growth of 7.9% and 11.1% from the prior year's quarter, respectively.
Street expects AAPL's revenue and EPS for the fiscal 2024 fourth quarter ending in September to increase 5.2% and 9.5% year-over-year to $94.17 billion and $1.60, respectively. Furthermore, the company surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
Shares of AAPL have surged 3% over the past three months and 24% over the past year to close the last trading session at $220.69.
AAPL's growth prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Quality. Within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry, AAPL is ranked #18 out of 40 stocks.
<a href="https://stocknews.com/stock/AAPL/">Click here</a> to access additional ratings of AAPL for Growth, Value, Sentiment, Stability, and Momentum.
Stock #2: Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>)
AMZN specializes in retail sales, advertising, and subscription services through both online and physical stores. The company also manufactures and sells electronics like Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero, and develops media content. Its segments include North America; International; and Amazon Web Services (AWS).
On September 16, AWS <a href="https://press.aboutamazon.com/aws/2024/9/intel-and-aws-expand-strategic-collaboration-helping-advance-u-s-based-chip-manufacturing">announced a strategic collaboration</a> with Intel Corporation (<a href="https://stocknews.com/stock/INTC/">INTC</a>) to co-invest in custom chip designs under a multi-year, multi-billion-dollar framework. INTC will produce an AI fabric chip for AWS using its most advanced process node, Intel 18A.
By leveraging INTC's state-of-the-art technology, AWS would enhance its performance and efficiency, positioning AMZN at the forefront of innovation.
On September 9, AWS announced a strategic partnership with Oracle Corporation (<a href="https://stocknews.com/stock/ORCL/">ORCL</a>) to launch <a href="https://press.aboutamazon.com/aws/2024/9/oracle-and-amazon-web-services-announce-strategic-partnership">Oracle Database@AWS</a>, a new service that allows customers to access Oracle Autonomous Database on dedicated infrastructure and Oracle Exadata Database Service within AWS.
By integrating ORCL's services, AWS can enhance its cloud infrastructure, attracting more customers seeking robust database solutions. This strengthens AMZN's position in the cloud market, driving growth and broadening its service capabilities.
For the fiscal 2024 second quarter, which ended on June 30, AMZN's total net sales increased 10.1% year-over-year to $147.98 billion. Its operating income rose 91% from the year-ago value to $14.67 billion.
Additionally, the company's net income amounted to $13.48 billion, representing a year-over-year increase of 99.8%. Meanwhile, AMZN's EPS for the quarter grew 93.8% from the previous year's quarter to $1.26.
Analysts expect AMZN's revenue and EPS for the fiscal third quarter (ending in September 2024) to increase 9.9% and 20.6% year-over-year to $157.18 billion and $1.13, respectively. In addition, the company topped the consensus EPS estimates in each of the trailing four quarters.
Shares of AMZN have surged 6.9% over the past six months and 33.2% over the past year to close the last trading session at $186.43.
AMZN's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
AMZN has a B grade for Momentum, Sentiment, and Quality. Within the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, it is ranked #15 out of 53 stocks.
<a href="https://stocknews.com/stock/AMZN/">Click here</a> to see AMZN's ratings for Growth, Value, and Stability.
Stock #1: Meta Platforms, Inc. (<a href="https://stocknews.com/stock/META/">META</a>)
META develops products that connect and enable sharing among people through mobile devices, personal computers, virtual reality headsets, and wearables globally. The company operates in two segments: Family of Apps and Reality Labs.
On July 29, META introduced the <a href="https://ai.meta.com/sam2/">Segment Anything Model 2 (SAM 2)</a>, the first unified model that identifies which pixels belong to a target object in an image or video. It can segment any object and consistently follow it across all video frames in real-time, unlocking new possibilities for video editing and mixed-reality experiences.
This leap in technology is expected to strengthen META's market position and drive growth through innovative, immersive experiences.
On the same day, META <a href="https://about.fb.com/news/2024/07/create-your-own-custom-ai-with-ai-studio/">announced the release of AI Studio</a>, a program where people are able to create their own AIs that can serve a vast array of purposes, from chat-bots to travel guides to cooking and so many more.
With the use of Llama 3.1, META's own GenAI, the company is in the forefront of the incoming AI revolution. This launch cements META at the vanguard of the AI revolution, enhancing customer satisfaction and bolstering its reputation in the tech sphere.
For the second quarter of fiscal 2024, which ended on June 30, META's revenue increased 22.1% year-over-year to $39.07 billion. Its income from operations rose 58.1% from the year-ago value to $14.85 billion. Moreover, the company's net income and EPS grew 72.9% and 73.2% year-over-year to $13.47 billion and $5.16, respectively.
The consensus revenue estimate of $40.13 billion for the fiscal third quarter (ending September 2024) represents a 17.5% year-over-year increase. The consensus EPS estimate of $5.25 for the ongoing quarter indicates a 19.6% year-over-year improvement. Furthermore, META surpassed the consensus revenue and EPS estimates in all four trailing quarters, which is impressive.
Shares of META have surged 7.7% over the past three months and 77.8% over the past year to close the last trading session at $537.95.
META's POWR Ratings reflect this promising outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
META has an A grade for Sentiment and Quality. It is ranked #16 out of 53 stocks in the Internet industry.
<a href="https://stocknews.com/stock/META/">Click here</a> to see the additional ratings for META (Growth, Value, Momentum, and Stability).
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Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
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AAPL shares rose $4.12 (+1.87%) in premarket trading Thursday. Year-to-date, AAPL has gained 15.06%, versus a 18.86% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/aapl-amzn-meta-orcl-intc-3-high-quality-tech-stocks-to-hold-for-long-term-growth/>3 High-Quality Tech Stocks to Hold for Long-Term Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Quality Tech Stocks to Hold for Long-Term Growth

Investors favor blue-chip stocks for security, consistent growth opportunities, and market resilience. Thus, fundamentally sound blue-chip stocks Apple (AAPL), Amazon.com (AMZN), and Alphabet (GOOGL) could be attractive buys for steady returns amid uncertainties. Continue reading... Blue-chip stocks are an ideal investment choice during market fluctuations. They can protect your portfolio as these stocks show resilience during economic downturns. Also, they offer qualities like dominant market positions, wider presence, reliability, and stable returns and income.
Given this backdrop, it could be wise to invest in current Wall Street favorite blue-chip stocks Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>), Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>), and Alphabet Inc. (<a href="https://stocknews.com/stock/GOOGL/">GOOGL</a>) for potential returns in the long run.
The inflation rate in the U.S. economy is easing, raising optimism that the US central bank will cut interest rates in the following weeks. The annual <a href="https://tradingeconomics.com/united-states/inflation-cpi">inflation rate slowed for a consecutive 5th month to 2.5%</a> in August 2024, marking its slowest pace since February 2021.
According to the U.S. Bureau of Labor Statistics report, the <a href="https://www.bls.gov/news.release/cpi.nr0.htm">consumer price index</a> for all urban consumers (CPI-U) increased at the same rate as in July of 0.2% on a seasonally adjusted basis. The <a href="https://www.bbc.com/news/articles/cy9e72vn1xyo">consumer prices were impacted</a> by falling petrol prices, used cars and trucks, and other items.
With these optimistic navigations, <a href="https://www.reuters.com/markets/us/us-second-quarter-economic-growth-revised-higher-consumer-spending-2024-08-29/">the U.S. economy grew faster</a> in the second quarter as consumer spending rose and corporate profits rebounded, helping to sustain the expansion. Besides, the anticipation of <a href="https://www.reuters.com/markets/rates-bonds/fed-rate-cuts-will-not-be-deep-market-expects-says-blackrock-2024-09-16/">interest rate cuts</a> soon continues to create volatility across the financial markets, with speculation over the size of the first rate cut.
Amid these volatile and unexpected market dynamics, blue-chip stocks present promising opportunities. Blue chip stocks are stocks of well-known industry-leading companies with solid business models and impressive track records.
Given these factors, let's delve deeper into the fundamentals of top blue-chip stocks: AAPL, AMZN, and GOOGL.
Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>)
With a $3.38 trillion market capitalization, AAPL designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories globally. The company provides iPhone, Mac, iPad, wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
On September 9, AAPL announced a new lineup of AirPods&#xAE; models and features. This includes AirPods 4, which are the most advanced and comfortable headphones created by AAPL, having an open-ear design, and are available in two distinct models: AirPods 4 and AirPods 4 with Active Noise Cancellation (ANC).
Also, during the fall, AirPods Pro&#xAE; 2 will introduce the world's first end-to-end hearing health experience, delivering active Hearing Protection, a scientifically validated Hearing Test, and a clinical-grade Hearing Aid feature.
On the same day, AAPL launched iPhone&#xAE; 16 Pro and iPhone 16 Pro Max, featuring Apple Intelligence&#x2122;, larger display sizes, new creative capabilities with innovative pro camera features, impressive graphics for gaming, and more, all powered by the A18 Pro chip.
Further, it also introduced the Apple Watch&#xAE; Series 10, featuring a refined design and offering new capabilities to make it even more powerful, intelligent, and sophisticated. Apple Watch Series 10 is the thinnest Apple watch and provides the biggest, most advanced display of any Apple Watch. It also features new sleep apnea notifications, faster charging, water depth, and temperature sensing.
AAPL's total net sales rose 4.9% from the year-ago value to $85.78 billion during the third quarter that ended June 29, 2024. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> increased 10.2% year-over-year to $25.35 billion. The company's net income and EPS came in at $21.45 billion and $1.40, reflecting growths of 7.9% and 11.1% from the prior year's quarter, respectively.
Street expects AAPL's revenue and EPS for the fourth quarter (ending September 2024) to increase 5.2% and 9.5% year-over-year to $94.17 billion and $1.60, respectively. Furthermore, the company surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of AAPL have surged 24.5% over the past six months and 21.6% over the past year to close the last trading session at $216.32.
AAPL's robust growth prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Quality. It also has a B grade for Sentiment. Within the <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry, AAPL is ranked #16 out of 40 stocks.
<a href="https://stocknews.com/stock/AAPL/">Click here</a> to access additional ratings of AAPL for Growth, Value, Stability, and Momentum.
Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>)
With a $1.96 trillion market cap, AMZN engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores internationally. It operates through three segments: North America; International; and Amazon Web Services (AWS).
On September 16, AMZN's Amazon Web Services. Inc. (AWS) and Intel Corporation (<a href="https://stocknews.com/stock/INTC/">INTC</a>) announced a co-investment to help advance U.S.-based chip manufacturing through a multi-year, multi-billion-dollar arrangement encompassing products and wafers from Intel.
The collaboration marked a significant expansion of the two companies' longstanding alliance to help customers power virtually any workload and accelerate the performance of artificial intelligence (AI) applications.
Also, on August 28, AWS announced the general availability of AWS Parallel Computing Service, a new managed service that helps customers easily set up and manage high-performance computing (HPC) clusters. The new service allows scientists and engineers to quickly scale simulations to validate models and designs.
The AWS Parallel Computing Service can accelerate innovation in areas like fast-tracking drug discovery, uncovering genomic insights, building engineering designs, running weather applications, and building scientific and engineering models.
During the second quarter that ended June 30, 2024, AMZN's total net sales increased 10.1% year-over-year to $147.98 billion. Its operating income grew 91% from the year-ago value to $ 14.67 billion. The company's net income and EPS came in at $13.48 billion and $1.26, up 99.8% and 93.8% from the prior year's quarter, respectively.
Analysts expect AMZN's revenue and EPS for the third quarter (ending September 2024) to increase 9.9% and 20.6% year-over-year to $157.18 billion and $1.13, respectively. Moreover, the company has topped the consensus EPS estimates in all four trailing quarters.
AMZN's shares have gained 6% over the past six months and 32.1% over the past year to close the last trading session at $184.89.
AMZN's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has an A grade for Sentiment and a B grade for Momentum and Quality. Within the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, AMZN is ranked #13 among 53 stocks.
In addition to the POWR Ratings we've stated above, we also have AMZN ratings for Stability, Growth, and Value. Get all AMZN ratings <a href="https://stocknews.com/stock/AMZN/">here</a>.
Alphabet Inc. (<a href="https://stocknews.com/stock/GOOGL/">GOOGL</a>)
With a $1.94 trillion market cap, GOOGL provides various products and platforms internationally. The company operates in Google Services; Google Cloud; and Other Bets segments. It provides products and services, including ads, Android, Chrome devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
On May 2, GOOGL's Google Cloud (GOOG) and MongoDB, Inc. (<a href="https://stocknews.com/stock/MDB/">MDB</a>) collaborated to optimize Gemini Code Assist to enable enhanced suggestions for application development and modernization on MongoDB—the industry-leading developer data platform.
With collaboration, Gemini Code Assist is able to assist developers in getting answers and information about MongoDB code, documentation, and best practices. This allows them to more quickly prototype new features and accelerate application development.
During the second quarter that ended June 30, 2024, GOOGL's revenues increased 13.6% year-over-year to $84.74 billion. Its income from operations grew 25.6% from the year-ago value to $27.42 billion. The company's net income and EPS stood at $23.62 billion and $1.89, up 28.6% and 31.2% year-over-year, respectively.
In addition, the company's cash and cash equivalents were $27.22 billion as of June 30, 2024, versus $24.05 billion as of December 31, 2023.
Analysts expect GOOGL's EPS for the third quarter (ending September 2024) to increase 18.5% year-over-year to $1.84, and its revenue is estimated to increase 12.5% year-over-year to $86.27 billion for the same period. Moreover, the company surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
GOOGL's stock has soared 7% over the past six months and 14.4% over the past year to close the last trading session at $158.06.
GOOGL's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
GOOGL has a B grade for Quality and Sentiment. It is ranked #11 among the 53 stocks in the B-rated Internet industry.
<a href="https://stocknews.com/stock/GOOGL/">Click here</a> to access additional GOOGL ratings for Value, Stability, Momentum and Growth.
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AAPL shares were trading at $216.17 per share on Tuesday afternoon, down $0.15 (-0.07%). Year-to-date, AAPL has gained 12.70%, versus a 19.06% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/aapl-amzn-googl-intc-mdb-3-blue-chip-stocks-that-wall-street-loves-right-now/>3 Blue-Chip Stocks That Wall Street Loves Right Now</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Blue-Chip Stocks That Wall Street Loves Right Now

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