Dernières nouvelles pour Micron Technology (NASDAQ:MU) Stock

Micron Technology

Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.

Micron Technology Inc

Blackrock MuniAssets Fund, Inc Common Stock

Blackrock Muniassets Fund Inc

iShares National Muni Bond ETF

Blackrock MuniHoldings California Quality Fund, Inc. Common Stock

BlackRock MuniHoldings California Quality Fund Inc

Direxion Daily MU Bear 1X Shares

Blackrock MuniHoldings Quality Fund II, Inc. Common Stock

BlackRock MuniHoldings Quality Fund II Inc

Paul Mueller Co

Mitsubishi UFJ Financial Group, Inc. Common Stock

Mitsubishi UFJ Financial Group Inc

Vanguard Green Investment Ltd Ordinary Shares

MARUHACHI HLDGS CO LTD by MARUHACHI HOLDINGS CO LTD.

Maruhachi Holdings Co Ltd

BlackRock Municipal Income Fund, Inc. Common Stock

BlackRock Municipal Income Fund Inc

Blackrock MuniHoldings New Jersey Quality Fund, Inc. Common Stock

BlackRock MuniHoldings New Jersey Quality Fund Inc

MARUWA UNYU KIKAN CO by MARUWA UNYU KIKAN CO LTD.

AZ-COM Maruwa Holdings Inc

MULIANG VIAGOO TECH by Muliang Viagoo Technology Inc.

Muliang Viagoo Technology Inc

GraniteShares 2x Long MU Daily ETF

Mullen Automotive Inc

Multichain - United States Dollar

MITON UK MICROCAP TR PLC by MITON UK MICROCAP TR PLC

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

MUNDORO CAPITAL INC by Mundoro Capital, Inc.

Mundoro Capital Inc

M UP INC by M Up INC.

Murphy Oil Corp

Mural Oncology PLC

LIGHTSPEED DISCOVERIS INC by LIGHTSPEED DISCOVERIES INC.

Lightspeed Discoveries Inc

MUENCHENER RUEKVR GES SHS by Muenchener Rueckver Ges

Munchener Ruckversicherungs-Gesellschaft AG

MUENCHENER RE GP UNSP/ADR by Muenchener Rueckver Ges

MURCHISON MINERALS LTD by Murchison Minerals Ltd.

Murchison Minerals Ltd

MURRAY & ROB HLDGS ORD by Murray & Roberts Holdings Ltd.

Murray And Roberts Holdings Ltd

MURRAY INTL TR PLC by Murray International Trust Plc

Murphy USA Inc

mStable USD - United States Dollar

TCW Multisector Credit Income ETF

Muse Dao - United States Dollar

American Century Multisector Income ETF

Promino Nutritional Sciences Inc Ordinary Shares

PROMINO NTRITIONL SCIENCE by Promino Nutritional Sciences Inc.

Promino Nutritional Sciences Inc

Exchange Traded Concepts Trust MUSQ Global Music Industry ETF

MULTI SOLUTIONS II INC by Multi Solutions II Inc

Multi Solutions II Inc

Columbia Multi-Sector Municipal Income ETF

MUTUAL MERCHANT SVCS INC by Mutual Merchant Services, Inc.

MUTARES SE & CO by MUTARES SE & CO.

Direxion Daily MU Bull 2X Shares

MARUBUN CORP by Marubun Corp.

McEwen Mining Inc

MUZHU MNG LTD by MUZHU MNG LTD

Mirrored United States Oil Fund

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

Earnings

Large Cap

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

Specialty ETFs

Eurozone

Commodities

Small Cap

Global

Economics

Tech

ETFs

$BTC

AMAT

CPRT

SPDR Dow Jones Industrial Average ETF Trust

GOOG

GOOGL

INTU

MRVL

NTAP

NVDA

PANW

Citigourp Global Markets 2% Protected Notes Linked To The Djia

ROSS

SNOW

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

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

NVIDIA Corp&#8217;s earnings report Wednesday evening could have a significant impact on Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), a leading memory chipmaker heavily reliant on AI-driven demand for its DRAM and NAND products.
Nvidia's dominance in the AI market has positioned it as a key driver of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42068962/nvidia-q3-earnings-preview-analysts-expect-beat-n-raise-on-continued-data-center-strength">high-performance computing</a>, where Micron's advanced memory solutions are indispensable. Nvidia's results and guidance will likely offer critical signals for Micron's growth trajectory.
What To Know: Micron benefits directly from Nvidia's surging AI-related sales, as memory chips are essential for training and running the large-scale models that underpin generative AI technologies. 
A strong Nvidia report, with robust demand for AI GPUs, could indicate continued tailwinds for Micron, reinforcing expectations of higher shipments and pricing for its high-bandwidth memory (HBM) and next-generation DRAM.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/11/42084907/nio-q3-earnings-11-6-gain-in-vehicle-deliveries-margins-improve-issues-robust-q4-delivery-outlook">NIO Q3 Earnings: 11.6% Gain In Vehicle Deliveries, Margins Improve, Issues Robust Q4 Delivery Outlook</a>
Conversely, if Nvidia's earnings or outlook disappoints, it could signal slowing AI infrastructure investments, dampening demand for Micron's premium products. Investors may then <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42048963/why-nvidia-earnings-may-trigger-massive-sp-500-volatility">question the sustainability</a> of the AI-driven recovery Micron has counted on to rebound from a cyclical downturn in memory markets.
For Micron, Nvidia's earnings extend beyond an industry indicator; they serve as a vital barometer for gauging the trajectory of AI-related memory demand and the company's ability to ride the sector's growth wave.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/11/42085436/target-q3-earnings-supply-chain-chaos-hits-bottomline-slashes-annual-profit-outlook-stock-tanks">Target Q3 Earnings: Supply Chain Chaos Hits Bottomline, Slashes Annual Profit Outlook, Stock Tanks</a>
<h2 class="wp-block-heading">How To Buy MU Stock</h2>
By now you're likely curious about how to participate in the market for Micron Technology &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Micron Technology, which is trading at $98.16 as of publishing time, $100 would buy you 1.02 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, MU has a 52-week high of $157.54 and a 52-week low of $72.93.

News

What's Going On With Micron Stock Ahead Of Nvidia Earnings?

Deep-pocketed investors have adopted a bearish approach towards Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MU usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 29 extraordinary options activities for Micron Technology. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 58% bearish. Among these notable options, 16 are puts, totaling $704,174, and 13 are calls, amounting to $1,091,842.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $105.0 for Micron Technology during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Micron Technology's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Micron Technology's significant trades, within a strike price range of $60.0 to $105.0, over the past month.
<h3>Micron Technology Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732034621_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 align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$15.45</td>
<td>$15.3</td>
<td>$15.45</td>
<td>$85.00</td>
<td>$309.0K</td>
<td>8.4K</td>
<td align="right">229</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.0</td>
<td>$4.9</td>
<td>$4.92</td>
<td>$105.00</td>
<td>$255.4K</td>
<td>8.2K</td>
<td align="right">603</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$7.45</td>
<td>$7.45</td>
<td>$7.45</td>
<td>$95.00</td>
<td>$124.5K</td>
<td>2.0K</td>
<td align="right">214</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$7.35</td>
<td>$7.3</td>
<td>$7.35</td>
<td>$100.00</td>
<td>$86.7K</td>
<td>11.3K</td>
<td align="right">129</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$11.5</td>
<td>$11.45</td>
<td>$11.5</td>
<td>$100.00</td>
<td>$75.9K</td>
<td>5.2K</td>
<td align="right">124</td>
</tr>
</tbody>
</table>

<h3>About Micron Technology</h3>
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
In light of the recent options history for Micron Technology, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Micron Technology Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 3,754,244, with MU's price down by -0.38%, positioned at $97.14.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 29 days.</li>
</ul>
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Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Micron Technology with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

Spotlight on Micron Technology: Analyzing the Surge in Options Activity

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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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>PLTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/22/24</td>
<td>$61.00</td>
<td>$28.4K</td>
<td>8.3K</td>
<td>15.2K</td>
</tr>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$10.00</td>
<td>$220.0K</td>
<td>7.4K</td>
<td>4.0K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$370.00</td>
<td>$93.0K</td>
<td>2.5K</td>
<td>3.8K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$30.00</td>
<td>$62.0K</td>
<td>13.5K</td>
<td>2.3K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$180.00</td>
<td>$60.0K</td>
<td>1.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$0.50</td>
<td>$1.2 million</td>
<td>34.2K</td>
<td>1.7K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$420.00</td>
<td>$25.4K</td>
<td>11.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>DT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$55.00</td>
<td>$114.0K</td>
<td>210</td>
<td>1.0K</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$93.00</td>
<td>$33.4K</td>
<td>139</td>
<td>927</td>
</tr>
<tr>
<td>NN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$20.00</td>
<td>$82.3K</td>
<td>953</td>
<td>824</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a put option trade that happens to be neutral, expiring in 4 day(s) on November 22, 2024. This event was a transfer of 200 contract(s) at a $61.00 strike. The total cost received by the writing party (or parties) was $28.4K, with a price of $142.0 per contract. There were 8355 open contracts at this strike prior to today, and today 15274 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a put option trade with bearish sentiment. It expires in 760 day(s) on December 18, 2026. Parties traded 4000 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $220.0K, with a price of $55.0 per contract. There were 7499 open contracts at this strike prior to today, and today 4036 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on November 22, 2024. Parties traded 37 contract(s) at a $370.00 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 $93.0K, with a price of $2535.0 per contract. There were 2597 open contracts at this strike prior to today, and today 3801 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 bullish, expiring in 123 day(s) on March 21, 2025. This event was a transfer of 200 contract(s) at a $30.00 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 $62.0K, with a price of $310.0 per contract. There were 13573 open contracts at this strike prior to today, and today 2336 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 trade with bullish sentiment. It expires in 123 day(s) on March 21, 2025. Parties traded 2000 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $60.0K, with a price of $30.0 per contract. There were 1169 open contracts at this strike prior to today, and today 2025 contract(s) were bought and sold. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 760 day(s) on December 18, 2026. Parties traded 90 contract(s) at a $0.50 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 $1.2 million, with a price of $13941.0 per contract. There were 34271 open contracts at this strike prior to today, and today 1705 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option trade with bullish sentiment. It expires in 60 day(s) on January 17, 2025. Parties traded 20 contract(s) at a $420.00 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $1272.0 per contract. There were 11435 open contracts at this strike prior to today, and today 1079 contract(s) were bought and sold. 
• For DT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DT#NYSE">DT</a>), we notice a call option trade that happens to be bearish, expiring in 95 day(s) on February 21, 2025. This event was a transfer of 600 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $114.0K, with a price of $190.0 per contract. There were 210 open contracts at this strike prior to today, and today 1019 contract(s) were bought and sold. 
• Regarding FTNT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), we observe a put option sweep with bullish sentiment. It expires in 4 day(s) on November 22, 2024. Parties traded 167 contract(s) at a $93.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $33.4K, with a price of $200.0 per contract. There were 139 open contracts at this strike prior to today, and today 927 contract(s) were bought and sold. 
• Regarding NN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>), we observe a call option sweep with bearish sentiment. It expires in 424 day(s) on January 16, 2026. Parties traded 183 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 $82.3K, with a price of $450.0 per contract. There were 953 open contracts at this strike prior to today, and today 824 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.

FTNT

INTC

MARA

MSFT

MSTR

PLTR

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

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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$142.00</td>
<td>$144.1K</td>
<td>25.4K</td>
<td>105.2K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$64.00</td>
<td>$30.4K</td>
<td>496</td>
<td>30.3K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$37.00</td>
<td>$55.2K</td>
<td>86.9K</td>
<td>2.3K</td>
</tr>
<tr>
<td>ZETA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$25.0K</td>
<td>2.4K</td>
<td>2.0K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$400.00</td>
<td>$61.6K</td>
<td>3.5K</td>
<td>1.8K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$220.00</td>
<td>$30.0K</td>
<td>12.2K</td>
<td>848</td>
</tr>
<tr>
<td>NN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$15.00</td>
<td>$105.0K</td>
<td>26</td>
<td>600</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$77.50</td>
<td>$27.7K</td>
<td>685</td>
<td>530</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$35.00</td>
<td>$48.1K</td>
<td>2.8K</td>
<td>503</td>
</tr>
<tr>
<td>AAOI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$30.00</td>
<td>$27.3K</td>
<td>1.8K</td>
<td>462</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be neutral, is expiring today. Parties traded 2027 contract(s) at a $142.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $144.1K, with a price of $71.0 per contract. There were 25443 open contracts at this strike prior to today, and today 105282 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 251 contract(s) at a $64.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $30.4K, with a price of $121.0 per contract. There were 496 open contracts at this strike prior to today, and today 30310 contract(s) were bought and sold. 
• For CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we notice a call option sweep that happens to be bearish, expiring in 245 day(s) on July 18, 2025. This event was a transfer of 184 contract(s) at a $37.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $55.2K, with a price of $300.0 per contract. There were 86959 open contracts at this strike prior to today, and today 2305 contract(s) were bought and sold. 
• For ZETA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>), we notice a call option trade that happens to be bearish, expiring in 63 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 2459 open contracts at this strike prior to today, and today 2094 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 7 day(s) on November 22, 2024. Parties traded 90 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $61.6K, with a price of $685.0 per contract. There were 3520 open contracts at this strike prior to today, and today 1848 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a call option trade that happens to be bullish, expiring in 35 day(s) on December 20, 2024. This event was a transfer of 248 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $121.0 per contract. There were 12242 open contracts at this strike prior to today, and today 848 contract(s) were bought and sold. 
• Regarding NN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>), we observe a put option trade with bearish sentiment. It expires in 35 day(s) on December 20, 2024. Parties traded 600 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $105.0K, with a price of $175.0 per contract. There were 26 open contracts at this strike prior to today, and today 600 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a put option sweep that happens to be bullish, expiring in 399 day(s) on December 19, 2025. This event was a transfer of 36 contract(s) at a $77.50 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $770.0 per contract. There were 685 open contracts at this strike prior to today, and today 530 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 trade that happens to be bullish, expiring in 217 day(s) on June 20, 2025. This event was a transfer of 148 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $48.1K, with a price of $325.0 per contract. There were 2857 open contracts at this strike prior to today, and today 503 contract(s) were bought and sold. 
• For AAOI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>), we notice a call option trade that happens to be bearish, expiring in 35 day(s) on December 20, 2024. This event was a transfer of 161 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $170.0 per contract. There were 1896 open contracts at this strike prior to today, and today 462 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.

AAOI

CLSK

ZETA

WIIM

AVGO

KLAC

LRCX

MCHP

MKSI

Shares of semiconductor and chip stocks are trading lower in sympathy with Applied Materials, which fell after its Q1 financial results.

Third Point, a hedge fund, filed its <a href="https://www.sec.gov/Archives/edgar/data/1656456/000165645624000004/xslForm13F_X02/Form13FInfoTable.xml">Form 13F</a> on Thursday, revealing the fund's trades from the prior quarter. Here's a look at Third Point's most <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41397978/hedge-fund-billionaire-daniel-loeb-bets-on-trump-win-singles-out-this-recent-buy-as">significant recent trades. </a>
New Positions: Third Point opened a total of nine positions during the quarter. The most notable are below.&nbsp;
<ul>
<li>Third Point added a stake in Brookfield Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BN#NYSE">BN</a>) with 4.725 million shares valued at $251.1 million, according to data from Whalewisdom. </li>
<li>The fund opened a position in Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with 400,000 shares. </li>
<li>Third Point opened a position in CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) with 1,575,000 shares. </li>
</ul>
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/41993328/trump-media-insiders-sell-more-than-16-million-in-djt-stock">Trump Media Insiders Sell More Than $16 Million In DJT Stock</a>
Closed Positions: The hedge fund closed out 11 positions with the most notable being American International Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) and its entire stake in Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>). 
Notable Trades: Third Point added 1,085,000 shares to its stake in Intercontinental Exchange Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), bringing its current position to 2,085,000 shares valued at $334.9 million, according to Whalewisdom. The fund reduced its stake in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) by 1,400,000 shares with 3,700,000 shares still held. 
Third Point also sold 555,000 Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares, more than half its stake in the company, but still holds 545,000 Meta shares valued at approximately $311.9 million, according to Whalewisdom.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
</ul>
Photo: Shutterstock

Hedge Funds

Movers

AMZN

TSLA

Third Point Hedge Fund Buys Tesla, Dumps Micron

Trading Ideas

ASML

MSCI

Third Point 13F Shows Exited Position In International Flavors & Fragrances, Previously Holding 1,300,000 Shares; Advance Auto Parts, Previously Holding 1,500,100 Shares; ASML Holding, Previously Holding 80,000 Shares; MSCI, Previously Holding 150,000 Shares; Micron Technology Inc, Previously Holding 275,000 Shares

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>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$330.00</td>
<td>$34.8K</td>
<td>30.6K</td>
<td>29.9K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$140.00</td>
<td>$142.0K</td>
<td>72.3K</td>
<td>9.6K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$25.00</td>
<td>$35.2K</td>
<td>8.1K</td>
<td>3.8K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$55.00</td>
<td>$39.6K</td>
<td>6.9K</td>
<td>3.6K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$141.00</td>
<td>$30.0K</td>
<td>1.8K</td>
<td>2.1K</td>
</tr>
<tr>
<td>CORZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$19.00</td>
<td>$101.9K</td>
<td>22.1K</td>
<td>1.6K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$105.00</td>
<td>$110.4K</td>
<td>7.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$30.00</td>
<td>$223.5K</td>
<td>7.3K</td>
<td>1.1K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$40.00</td>
<td>$32.8K</td>
<td>13.1K</td>
<td>838</td>
</tr>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$350.00</td>
<td>$34.5K</td>
<td>3.0K</td>
<td>811</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on November 15, 2024. Parties traded 10 contract(s) at a $330.00 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 $34.8K, with a price of $3486.0 per contract. There were 30666 open contracts at this strike prior to today, and today 29921 contract(s) were bought and sold. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with bearish sentiment. It expires in 2 day(s) on November 15, 2024. Parties traded 200 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $142.0K, with a price of $710.0 per contract. There were 72338 open contracts at this strike prior to today, and today 9615 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 bullish, expiring in 128 day(s) on March 21, 2025. This event was a transfer of 63 contract(s) at a $25.00 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 $35.2K, with a price of $560.0 per contract. There were 8129 open contracts at this strike prior to today, and today 3872 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 put option sweep with bearish sentiment. It expires in 37 day(s) on December 20, 2024. Parties traded 300 contract(s) at a $55.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $39.6K, with a price of $132.0 per contract. There were 6942 open contracts at this strike prior to today, and today 3617 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 put option sweep with bullish sentiment. It expires in 9 day(s) on November 22, 2024. Parties traded 71 contract(s) at a $141.00 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 $30.0K, with a price of $423.0 per contract. There were 1855 open contracts at this strike prior to today, and today 2151 contract(s) were bought and sold. 
• Regarding CORZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), we observe a call option sweep with bearish sentiment. It expires in 37 day(s) on December 20, 2024. Parties traded 1566 contract(s) at a $19.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $101.9K, with a price of $65.0 per contract. There were 22169 open contracts at this strike prior to today, and today 1646 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a call option trade that happens to be bullish, expiring in 37 day(s) on December 20, 2024. This event was a transfer of 230 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $110.4K, with a price of $480.0 per contract. There were 7367 open contracts at this strike prior to today, and today 1216 contract(s) were bought and sold. 
• Regarding CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we observe a call option sweep with bullish sentiment. It expires in 128 day(s) on March 21, 2025. Parties traded 790 contract(s) at a $30.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $223.5K, with a price of $283.0 per contract. There were 7323 open contracts at this strike prior to today, and today 1105 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a put option trade with neutral sentiment. It expires in 37 day(s) on December 20, 2024. Parties traded 17 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $32.8K, with a price of $1935.0 per contract. There were 13181 open contracts at this strike prior to today, and today 838 contract(s) were bought and sold. 
• For CRWD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), we notice a call option trade that happens to be neutral, expiring in 65 day(s) on January 17, 2025. This event was a transfer of 10 contract(s) at a $350.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $3455.0 per contract. There were 3069 open contracts at this strike prior to today, and today 811 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.

Core Scientific, Inc. - Class A Common Stock

CORZ

CRWD

SMCI

On Tuesday, Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) launched the qualification process for its 6550 ION NVMe SSD, the world&#8217;s fastest 60TB data center SSD and the first in the industry to offer E3.S and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g41896962/micron-introduces-worlds-fastest-most-energy-efficient-60tb-ssd" rel="noreferrer noopener">PCIe Gen5 60TB capabilities</a>.
Building on the success of the award-winning 6500 ION, the 6550 ION is designed for optimal performance, energy efficiency, endurance, security, and rack density, catering to exascale data center needs.
It is ideal for high-capacity NVMe workloads, including networked AI data lakes, data ingestion, preparation, checkpointing, file and object storage, public cloud storage, analytic databases, and content delivery.
Alvaro Toledo, vice president and general manager of Micron&#8217;s Data Center Storage Group, said, &#8220;Featuring a first-to-market 60TB capacity in an E3.S form factor and up to 20% better energy efficiency than competitive drives, the Micron 6550 ION is a game-changer for high-capacity storage solutions to address the insatiable capacity and power demands of AI workloads.&#8221;
Nilesh Patel, chief product officer at WEKA, added, &#8220;WEKA customers are achieving excellent results from their WEKA Data Platform and Micron 6500 ION deployments today. We expect the new Micron 6550 ION SSD will extend this value with enhanced performance density and energy efficiency benefits for enterprise AI environments.&#8221;
&#8220;With its impressive 61.44TB capacity, the Micron 6550 ION will enable our mutual customers to implement rack-dense AI infrastructure solutions without sacrificing performance.&#8221;
Micron Technology shares are trading lower on Tuesday. In a related development, Micron&#8217;s peer Monolithic Power Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>) took a hit Monday as traders circulated a research firm contended in a note to investors that performance issues with voltage regulator Module/Power Management IC &#8220;appear likely to severely limit or eliminate&#8221; Monolithic&#8217;s allocation in Nvidia&#8217;s Blackwell.
According to reports, Edgewater Research lowered its NAND and DRAM price forecasts.
Investors can gain exposure to MU stock via REX FANG &amp; Innovation Equity Premium Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEPI#NASDAQ">FEPI</a>) and Grizzle Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DARP#NYSE">DARP</a>).
Price Action: MU shares are down 4.90% at $103.33 at the last check Tuesday.
Photo via Shutterstock
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</ul>

Equities

Media

DARP

FEPI

MPWR

Micron Unveils New 60TB SSD For Data Centers: Details

Deep-pocketed investors have adopted a bullish approach towards Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MU usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Micron Technology. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 33% bearish. Among these notable options, 3 are puts, totaling $107,992, and 9 are calls, amounting to $642,489.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $150.0 for Micron Technology over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Micron Technology's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Micron Technology's whale activity within a strike price range from $90.0 to $150.0 in the last 30 days. 
<h3>Micron Technology 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731424552_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</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>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$8.2</td>
<td>$8.1</td>
<td>$8.2</td>
<td>$105.00</td>
<td>$205.0K</td>
<td>6.4K</td>
<td>365</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$4.7</td>
<td>$4.65</td>
<td>$4.65</td>
<td>$110.00</td>
<td>$106.0K</td>
<td>7.1K</td>
<td>783</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$4.65</td>
<td>$4.6</td>
<td>$4.65</td>
<td>$110.00</td>
<td>$85.5K</td>
<td>7.1K</td>
<td>374</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$0.63</td>
<td>$0.6</td>
<td>$0.62</td>
<td>$108.00</td>
<td>$55.8K</td>
<td>3.4K</td>
<td>1.4K</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$24.3</td>
<td>$23.5</td>
<td>$23.6</td>
<td>$125.00</td>
<td>$51.9K</td>
<td>950</td>
<td>40</td>
</tr>
</tbody>
</table>

<h3>About Micron Technology</h3>
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
Following our analysis of the options activities associated with Micron Technology, we pivot to a closer look at the company's own performance.
<h3>Where Is Micron Technology Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 4,851,603, with MU's price down by -4.57%, positioned at $103.69.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 36 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Micron Technology with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Market Whales and Their Recent Bets on Micron Technology Options

Micron Begins Qualification Of The 6550 ION NVMe SSD With Customers

CRDO

LSCC

MTSI

QCOM

QRVO

Semiconductor stocks are trading lower possibly amid sympathy with Taiwan Semiconductor Manufacturing. Reports suggested that the US requested that the company halt shipments to China.

Chip stocks including 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>), 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>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) Credo Technology Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>), Lattice Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), Microchip Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), MACOM Technology Solutions Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NASDAQ">MTSI</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Qorvo, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>), United Microelectronics Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) are trading lower Monday in sympathy with contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Taiwan Semiconductor stock took a hit after the U.S. Department of Commerce <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/11/41883357/taiwan-semiconductor-stock-drops-as-us-orders-halt-on-ai-chip-sales-to-china" rel="noreferrer noopener">instructed the chipmaker</a> to cease supplying China with sophisticated chips—of 7 nanometers or more advanced designs—that support AI and graphics processing capabilities.
The U.S. move sent jitters across the sector, anticipating further actions from President-elect Donald Trump&#8217;s administration, which had previously attacked the <a target="_blank" href="https://www.benzinga.com/government/regulations/24/11/41845483/taiwan-semiconductor-us-expansion-plans-unfazed-by-trump-win-report" rel="noreferrer noopener">U.S. Chips Act and Taiwan</a>, the hometown of Taiwan Semiconductor.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41877454/monday-com-stock-tanks-despite-q3-beat-raised-outlook" rel="noreferrer noopener">Monday.com Stock Tanks Despite Q3 Beat, Raised Outlook</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/2024/11/11111544/newplot-6.png" alt="" class="wp-image-640861" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11111544/newplot-6.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11111544/newplot-6-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Taiwan Semiconductor is a crucial supplier to tech giants like&nbsp;Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and&nbsp;Nvidia.
The semiconductor stocks also got a hit from Edgewater Research analysts, flagging Monolithic Power Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>), which faced a significant setback and sent its stock plunging on Monday.
The analysts noted Monolithic&#8217;s allocation to Nvidia&#8217;s Blackwell GPUs is in jeopardy due to performance problems with its Power Management ICs.
The analysts highlighted that Japanese company Renesas and German firm Infineon have stepped in, receiving rush orders, potentially replacing Monolithic in Nvidia&#8217;s B200 and GB200 SKUs.
Edgewater expressed concern that supply chain partners perceived Monolithic&#8217;s temporary solution as a stopgap measure rather than a complete fix.
Investors can gain exposure to semiconductor stocks through 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>).
Price Action: At the last check on Monday, NVDA stock was trading lower by 1.67% to $145.19, INTC was down 4.16%, and ARM was down 4.07%.
Also Read:
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41844770/madison-square-garden-q1-revenue-drops-concerts-impress" target="_blank" rel="noreferrer noopener">Madison Square Garden Q1: Revenue Drops, Concerts Impress</a></li>
</ul>
Photo via Shutterstock

AAPL

Why Are Chip Stocks Trading Lower On Monday?

Trading can be complicated and confusing for new traders. They have difficulty deciding where to place their buy and sell orders. Sometimes they just guess. This is a <a href="https://www.benzinga.com/topic/retail-traders">good way to lose money</a>.
Experienced traders let the market tell them what to do. They know that when a stock reaches a price level that had previously been resistance or support, it can become so again and there is a good chance the trend changes. This can be seen on the chart of Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>). This is why it is our <a href="https://www.benzinga.com/topic/stock-of-the-day">Stock of the Day</a>.
As you can see, when Micron reached the $113.20 level it hit resistance and reversed. This wasn't a coincidence. In the stock market, there tends to be resistance at price levels that had been resistance previously.
There are traders and investors who bought shares around $113.20 in September and October that came to regret doing so when the price dropped soon after. A number of them decided they made a mistake and vowed to sell if they can without losing money.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="527" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11111047/1-9-1024x527.png" alt="" class="wp-image-640839" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11111047/1-9-1024x527.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11111047/1-9-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11111047/1-9-768x395.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11111047/1-9-1536x790.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11111047/1-9.png 1587w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41880110/solar-renewables-stocks-crash-after-trump-win-should-you-buy-now-at-cheap-valuations">Solar, Renewables Stocks Crash After Trump Win &#8211; Should You Buy Now At Cheap Valuations?</a>
As a result, when the price eventually returned to levels around $113.20, they placed sell orders.
This would allow them to exit their positions at breakeven. This large concentration of these sell orders created resistance at the same price that had been resistance before.
You can also see on the chart how the $99.55 level was support for Micron at the end of October. This isn't a coincidence, either. There tends to be support at levels that had been so before.
This happens because some of the traders and investors who sold shares around $99.55 at the beginning of October thought they made a mistake when the price moved higher soon after.
Some of them decided to buy their shares back if they can get them for the same price they were sold at. So, when the stock dropped back to levels around $99.55, they placed buy orders. This large concentration of buy orders created support at the same price that had been support before.
Guessing is a great way to lose money. Savvy traders let the market tell them what to do. They know that when a stock reaches levels that had been resistance or support previously, there is a good chance the trend reverses.
Read Next: 
<a href="https://www.benzinga.com/tech/24/11/41873064/tesla-rival-rivian-reports-steep-loss-of-about-40k-per-ev-in-q3-as-deliveries-hit-lowest-since-q1-2023">Tesla Rival Rivian Reports Steep Loss Of About $40K Per EV In Q3 As Deliveries Hit Lowest Since Q1 2023</a>
Image: Shutterstock

Technicals

Stock Of The Day: Micron Technology – The Best Traders Don't Guess

Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) has outperformed the market over the past 5 years by 5.14% on an annualized basis producing an average annual return of 19.12%. Currently, Micron Technology has a market capitalization of $124.73 billion. 
Buying $100 In MU: If an investor had bought $100 of MU stock 5 years ago, it would be worth $243.15 today based on a price of $112.49 for MU at the time of writing.
<h3>Micron Technology's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730997027_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 5 Years Ago Would Be Worth $200 Today

Investors with a lot of money to spend have taken a bullish stance on Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
And retail traders should know.
We noticed this today when the positions 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 MU, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 12 options trades for Micron Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 41% bullish and 41%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $29,250, and 11, calls, for a total amount of $491,683.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $145.0 for Micron Technology over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Micron Technology's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Micron Technology's whale trades within a strike price range from $90.0 to $145.0 in the last 30 days. 
<h3>Micron Technology Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730993438_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$33.3</td>
<td>$32.75</td>
<td>$33.16</td>
<td>$90.00</td>
<td>$83.3K</td>
<td>225</td>
<td style="text-align: right;">25</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$10.15</td>
<td>$10.0</td>
<td>$10.0</td>
<td>$125.00</td>
<td>$69.0K</td>
<td>766</td>
<td style="text-align: right;">92</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$14.9</td>
<td>$14.8</td>
<td>$14.9</td>
<td>$110.00</td>
<td>$59.6K</td>
<td>9.7K</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.62</td>
<td>$1.57</td>
<td>$1.57</td>
<td>$145.00</td>
<td>$57.3K</td>
<td>6.6K</td>
<td style="text-align: right;">373</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$5.2</td>
<td>$5.2</td>
<td>$5.2</td>
<td>$120.00</td>
<td>$47.1K</td>
<td>20.3K</td>
<td style="text-align: right;">9</td>
</tr>
</tbody>
</table>

<h3>About Micron Technology</h3>
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
Having examined the options trading patterns of Micron Technology, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Micron Technology</h3>
<ul>
<li>Currently trading with a volume of 3,567,162, the MU's price is up by 1.09%, now at $113.05. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 41 days.</li>
</ul>
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What the Options Market Tells Us About Micron Technology

Amidst the fast-paced and highly competitive business environment of today, conducting comprehensive company analysis is essential for investors and industry enthusiasts. In this article, we will delve into an extensive industry comparison, evaluating Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) in comparison to its major competitors within the Semiconductors &amp; Semiconductor Equipment industry. By analyzing critical financial metrics, market position, and growth potential, our objective is to provide valuable insights for investors and offer a deeper understanding of company's performance in the industry.
<h3>Micron Technology Background</h3>
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Micron Technology Inc</td>
<td>159.81</td>
<td>2.75</td>
<td>4.98</td>
<td>1.99%</td>
<td>$3.63</td>
<td>$2.74</td>
<td>93.27%</td>
</tr>
<tr>
<td>NVIDIA Corp</td>
<td>68.27</td>
<td>61.42</td>
<td>37.65</td>
<td>30.94%</td>
<td>$19.71</td>
<td>$22.57</td>
<td>122.4%</td>
</tr>
<tr>
<td>Taiwan Semiconductor Manufacturing Co Ltd</td>
<td>34.09</td>
<td>7.99</td>
<td>13.09</td>
<td>8.36%</td>
<td>$360.77</td>
<td>$439.35</td>
<td>38.95%</td>
</tr>
<tr>
<td>Broadcom Inc</td>
<td>145.03</td>
<td>12.77</td>
<td>17.78</td>
<td>-2.77%</td>
<td>$6.39</td>
<td>$8.36</td>
<td>47.27%</td>
</tr>
<tr>
<td>Advanced Micro Devices Inc</td>
<td>128.39</td>
<td>4.13</td>
<td>9.76</td>
<td>1.36%</td>
<td>$1.55</td>
<td>$3.42</td>
<td>17.57%</td>
</tr>
<tr>
<td>Texas Instruments Inc</td>
<td>39.97</td>
<td>11.36</td>
<td>12.57</td>
<td>7.86%</td>
<td>$2.09</td>
<td>$2.47</td>
<td>-8.41%</td>
</tr>
<tr>
<td>Qualcomm Inc</td>
<td>22.82</td>
<td>8.06</td>
<td>5.39</td>
<td>8.67%</td>
<td>$2.87</td>
<td>$5.22</td>
<td>11.15%</td>
</tr>
<tr>
<td>ARM Holdings PLC</td>
<td>357.61</td>
<td>26.77</td>
<td>43.36</td>
<td>4.07%</td>
<td>$0.23</td>
<td>$0.91</td>
<td>39.11%</td>
</tr>
<tr>
<td>Analog Devices Inc</td>
<td>68.15</td>
<td>3.19</td>
<td>11.64</td>
<td>1.11%</td>
<td>$1.04</td>
<td>$1.31</td>
<td>-24.84%</td>
</tr>
<tr>
<td>Microchip Technology Inc</td>
<td>51.22</td>
<td>6.31</td>
<td>7.30</td>
<td>1.24%</td>
<td>$0.34</td>
<td>$0.67</td>
<td>-48.37%</td>
</tr>
<tr>
<td>ON Semiconductor Corp</td>
<td>17.93</td>
<td>3.58</td>
<td>4.26</td>
<td>4.75%</td>
<td>$0.63</td>
<td>$0.8</td>
<td>-19.21%</td>
</tr>
<tr>
<td>STMicroelectronics NV</td>
<td>10.91</td>
<td>1.36</td>
<td>1.75</td>
<td>1.98%</td>
<td>$0.79</td>
<td>$1.23</td>
<td>-26.63%</td>
</tr>
<tr>
<td>ASE Technology Holding Co Ltd</td>
<td>18.97</td>
<td>2.17</td>
<td>1.14</td>
<td>3.16%</td>
<td>$28.59</td>
<td>$26.43</td>
<td>3.85%</td>
</tr>
<tr>
<td>First Solar Inc</td>
<td>16.70</td>
<td>2.73</td>
<td>5.41</td>
<td>4.22%</td>
<td>$0.45</td>
<td>$0.45</td>
<td>10.81%</td>
</tr>
<tr>
<td>United Microelectronics Corp</td>
<td>10.60</td>
<td>1.57</td>
<td>2.48</td>
<td>3.76%</td>
<td>$27.9</td>
<td>$19.98</td>
<td>0.89%</td>
</tr>
<tr>
<td>Skyworks Solutions Inc</td>
<td>18.69</td>
<td>2.28</td>
<td>3.34</td>
<td>1.9%</td>
<td>$0.25</td>
<td>$0.36</td>
<td>-15.47%</td>
</tr>
<tr>
<td>Universal Display Corp</td>
<td>37.32</td>
<td>5.56</td>
<td>13.76</td>
<td>4.29%</td>
<td>$0.08</td>
<td>$0.13</td>
<td>14.57%</td>
</tr>
<tr>
<td>MACOM Technology Solutions Holdings Inc</td>
<td>123.26</td>
<td>8.15</td>
<td>13.10</td>
<td>1.88%</td>
<td>$0.04</td>
<td>$0.1</td>
<td>28.25%</td>
</tr>
<tr>
<td>Lattice Semiconductor Corp</td>
<td>53.09</td>
<td>10.62</td>
<td>13.34</td>
<td>1.03%</td>
<td>$0.03</td>
<td>$0.09</td>
<td>-33.87%</td>
</tr>
<tr>
<td>Average</td>
<td>67.95</td>
<td>10.0</td>
<td>12.06</td>
<td>4.88%</td>
<td>$25.21</td>
<td>$29.66</td>
<td>8.78%</td>
</tr>
</tbody>
</table>
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 </style>Through a thorough examination of Micron Technology, we can discern the following trends: 
<ul>
<li>
The current Price to Earnings ratio of 159.81 is 2.35x higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
The current Price to Book ratio of 2.75, which is 0.28x the industry average, is substantially lower than the industry average, indicating potential undervaluation.
</li>
<li>
With a relatively low Price to Sales ratio of 4.98, which is 0.41x the industry average, the stock might be considered undervalued based on sales performance.
</li>
<li>
The company has a lower Return on Equity (ROE) of 1.99%, which is 2.89% below the industry average. This indicates potential inefficiency in utilizing equity to generate profits, which could be attributed to various factors.
</li>
<li>
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $3.63 Billion is 0.14x below the industry average, suggesting potential lower profitability or financial challenges.
</li>
<li>
Compared to its industry, the company has lower gross profit of $2.74 Billion, which indicates 0.09x below the industry average, potentially indicating lower revenue after accounting for production costs.
</li>
<li>
The company is experiencing remarkable revenue growth, with a rate of 93.27%, outperforming the industry average of 8.78%.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730991634_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio helps evaluate the capital structure and financial leverage of a company.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
In light of the Debt-to-Equity ratio, a comparison between Micron Technology and its top 4 peers reveals the following information:
<ul>
<li>
Micron Technology exhibits a stronger financial position compared to its top 4 peers in the sector, as indicated by its lower debt-to-equity ratio of 0.31.
</li>
<li>
This suggests that the company has a more favorable balance between debt and equity, which can be seen as a positive aspect for investors.
</li>
</ul>
<h3>Key Takeaways</h3>
For Micron Technology in the Semiconductors &amp; Semiconductor Equipment industry, the PE ratio is high compared to peers, indicating potential overvaluation. The PB and PS ratios are low, suggesting undervaluation relative to industry competitors. In terms of ROE, EBITDA, gross profit, and revenue growth, Micron Technology lags behind its peers, indicating weaker financial performance and growth prospects within the industry sector.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Understanding Micron Technology's Position In Semiconductors &amp; Semiconductor Equipment Industry Compared To Competitors

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said no to XP Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>).
On Oct. 16, JPMorgan analyst Domingos Falavina maintained XP with an Overweight and raised the price target <a href="https://finance.yahoo.com/quote/XP/analysis/">from $28 to $29.</a>
Cramer said United Rentals, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>) needs a pullback, and recommended waiting for that.
On Oct. 23, United Rentals reported worse-than-expected third-quarter financial results and narrowed its FY24 revenue guidance.
When asked about Okta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>), he said, &#8220;You don't need that one.&#8221;
Okta will release its financial results for its third quarter fiscal year 2025 ended Oct. 31, after the closing bell on Tuesday, Dec. 3.
The &#8220;Mad Money&#8221; host recommended buying Houston-based Talen Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>), saying &#8220;They're in good shape.&#8221;
Talen Energy recently announced it is evaluating options after FERC rejected the amended Susquehanna Interconnection Service Agreement to increase co-located load capacity at the Susquehanna nuclear power generation facility from 300 megawatts to 480 megawatts.
Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) goes &#8220;much higher,&#8221; Cramer said.
On Oct. 30, Micron announced that Robert (Bob) Switz, its current Board Chair, will retire at the annual shareholders meeting on Jan. 16, 2025.
&#8220;I think this is a real short squeeze,&#8221; Cramer said when asked about Lemonade, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>). &#8220;Let's wait 'til Friday and then maybe take some profits.&#8221;
On Oct. 30, Lemonade reported third-quarter earnings and sales above estimates and raised its FY24 guidance.
Price Action:
<ul>
<li>United Rentals shares gained 10.3% to settle at $880.32 on Wednesday.</li>
<li>XP shares rose 0.2% to close at $17.93 on Wednesday.</li>
<li>Okta shares gained 3.4% to settle at $76.61 during the session.</li>
<li>Talen Energy gained 1.3% to settle at $192.13 on Wednesday.</li>
<li>Lemonade shares jumped 16.9% to close at $29.29 on Wednesday.</li>
<li>Micron shares gained 6% to close at $111.83.</li>
</ul>
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