La chaîne d'options affiche les données clés des options sur actions de Micron Technology à différents prix d'exercice et dates d'expiration. Les traders utilisent ces informations pour analyser les transactions potentielles et évaluer le sentiment du marché pour Micron Technology..

Micron Technology (NASDAQ:MU) Stock, Chaîne d'Options

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

MITSUBISHI UFJ FNCL GRP ADS REP ORD

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

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

INVESCO US MUNICIPAL BOND UCITS ETF

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 RUECKVER N ORD

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

US PREMIUM CASH MANAGEMENT UNT ETF

mStable USD - United States Dollar

ISH MSCI SWAP EU ETF

Muse Dao - United States Dollar

American Century Multisector Income ETF

PRO MUSIC RIGHTS, INC.

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.

MSCI USA TRN INDEX SF A USD ETF

McEwen Mining Inc

MICRON TECHNOLOGY ORD

Mirrored United States Oil Fund

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 82 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 45% bearish. Among these notable options, 30 are puts, totaling $3,427,719, and 52 are calls, amounting to $2,969,808.
<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 $60.0 to $150.0 for Micron Technology over the last 3 months. 
<h3>Volume &amp; Open Interest Development</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 Micron Technology's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Micron Technology's substantial trades, within a strike price spectrum from $60.0 to $150.0 over the preceding 30 days.
<h3>Micron Technology Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729629068_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$26.35</td>
<td>$26.25</td>
<td>$26.35</td>
<td>$130.00</td>
<td>$524.3K</td>
<td>564</td>
<td style="text-align: right;">400</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$26.15</td>
<td>$25.95</td>
<td>$26.15</td>
<td>$130.00</td>
<td>$523.0K</td>
<td>564</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$11.3</td>
<td>$11.25</td>
<td>$11.3</td>
<td>$92.50</td>
<td>$223.7K</td>
<td>411</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$21.55</td>
<td>$21.45</td>
<td>$21.45</td>
<td>$120.00</td>
<td>$214.5K</td>
<td>3.0K</td>
<td style="text-align: right;">250</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$21.85</td>
<td>$21.45</td>
<td>$21.45</td>
<td>$120.00</td>
<td>$214.5K</td>
<td>3.0K</td>
<td style="text-align: right;">100</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>Currently trading with a volume of 12,654,811, the MU's price is down by -1.27%, now at $107.69. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 57 days.</li>
</ul>
<h3>Professional Analyst Ratings for Micron Technology</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $132.8.
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&#x2A; Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Micron Technology with a target price of $150. 
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Micron Technology, targeting a price of $114. 
&#x2A; Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Micron Technology with a target price of $140. 
&#x2A; An analyst from B of A Securities has decided to maintain their Buy rating on Micron Technology, which currently sits at a price target of $125. 
&#x2A; Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Micron Technology, targeting a price of $135. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Micron Technology, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

This Is What Whales Are Betting On Micron Technology

After a near-perfect 2023 in terms of gains, this year has been a return to reality for shares of semiconductor tech giant Micron Technology Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mu#NASDAQ">MU</a>). <a href="https://www.marketbeat.com/stocks/NASDAQ/MU/chart/" rel="noopener" target="_blank">After soaring 220%</a> from the start of 2023 through this past June, its shares took a dive into September, <a href="https://www.marketbeat.com/stock-ideas/these-3-stocks-are-screaming-oversold-seize-the-opportunity/" rel="noopener" target="_blank">falling 45%</a>. However, in the past couple of weeks, Micron has bounced back with a 30% rally, and there are reasons to think we could be in for even more gains as we head into the final months of the year.
The Idaho headquartered company, with a market cap of $121 billion, is a key player in the memory and storage market, providing essential components for everything from smartphones to data centers. With <a href="https://www.marketbeat.com/stocks/sectors/computer-and-technology/" rel="noopener" target="_blank">AI and tech growth</a> driving demand, Micron&#39;s products are more important than ever. Notwithstanding the volatility seen in the stock this year so far, <a href="https://www.marketbeat.com/stock-ideas/top-3-growth-stocks-poised-for-a-strong-q4-2024-rally/" rel="noopener" target="_blank">investors should be excited</a>. Let&#39;s jump in and take a closer look.&nbsp;
<h3>Bullish Fundamentals</h3>
For starters, there&#39;s the company&#39;s strong fundamental performance. Just a few weeks ago, Micron delivered a blowout <a href="https://www.marketbeat.com/stocks/NASDAQ/MU/earnings/" rel="noopener" target="_blank">fiscal Q4 report</a>, beating expectations with its highest-ever revenue, which was up more than 90% year-on-year. AI demand was seen as a significant driver here, and the company&#39;s strong guidance for the next quarter ticked all the right kinds of boxes on Wall Street.&nbsp;
As CEO Sanjay Mehrotra summed up with the report; &quot;we are entering fiscal 2025 with the best competitive positioning in Micron&#39;s history. We forecast record revenue in fiscal Q1 and a substantial revenue record with significantly improved profitability in fiscal 2025.&quot;
<h3>Tempting Price Targets</h3>
In the weeks since the report, there&#39;s been no shortage of analysts who&#39;ve come out <a href="https://www.marketbeat.com/stock-ideas/salesforce-have-you-seen-the-latest-price-target-upgrade/" rel="noopener" target="_blank">with bullish stances</a> on Micron stock. Both KeyCorp and Cantor Fitzgerald have reiterated their &quot;Overweight&quot; ratings on Micron shares in the past 2 weeks alone, with Cantor Fitzgerald&#39;s <a href="https://www.marketbeat.com/stocks/NASDAQ/MU/forecast/" rel="noopener" target="_blank">$150 price target</a> implying nearly 40% upside from Wednesday&#39;s close at $110. These are the latest in a string of positive calls, building on similar updates from the teams over at Robert Baird, Rosenblatt Securities, and Raymond James in the last week of September.&nbsp;
A bullish broader market is also playing a supportive role. The benchmark S&amp;P 500 index for example is hitting fresh all-time highs, and with interest rates starting to fall there&#39;s a strong risk-on sentiment in place right now. Tech stocks, especially growth names like Micron, tend to thrive in such an environment. For those of us on the sidelines, this is the ideal kind of macro backdrop to have when considering getting involved.&nbsp;
Heading into the final few weeks of the year, investors should look for the stock to continue building on this momentum. Its technical setup is also encouraging, as seen through its Relative Strength Index (RSI). The RSI is a momentum indicator and measures the speed and change of price movements, with readings above 70 signaling extremely overbought conditions. With Micron&#39;s at just 62, though, even with weeks of gains, it&#39;s indicating the stock has a ton of room to run before anyone could call it overbought.&nbsp;
<h3>Concerns Worth Noting</h3>
There are some risks worth noting. Micron&#39;s price-to-earnings (P/E) ratio, for example, sits at 156, significantly higher than competitor <a href="https://www.marketbeat.com/stocks/NASDAQ/NVDA/" rel="noopener" target="_blank">NVIDIA Corp&#39;s (NASDAQ: </a><a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) 63. A high P/E can indicate that a stock is expensive, and in Micron&#39;s case, it suggests investors expect rapid growth. This puts pressure on the company to keep delivering strong results in the coming quarters.&nbsp;
Geopolitical tensions, particularly around U.S.-China relations, are another concern for <a href="https://www.marketbeat.com/originals/broadcom-defies-volatility-why-wall-street-expects-more-gains/" rel="noopener" target="_blank">the semiconductor industry</a>. Micron experienced a sell-off earlier this year over fears of export restrictions to China. While this remains a risk, the company&#39;s optimistic guidance suggests it is navigating these challenges effectively.&nbsp;
<h3>Getting Involved</h3>
All-in-all, we&#39;re inclined to say that Micron is in a good position to continue gaining into the holiday season. Despite concerns around valuation and geopolitical risks, its growth prospects remain strong. The market&#39;s risk-on sentiment is favorable and investors are keen to stay on the right side of any stock that&#39;s well positioned to benefit from the AI revolution.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/why-micron-could-rally-all-the-way-through-q4/">Why Micron Could Rally All The Way Through Q4</a>&quot; first appeared on MarketBeat.

Tech

General

NVDA

Why Micron Could Rally All The Way Through Q4

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>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$142.00</td>
<td>$116.6K</td>
<td>125.4K</td>
<td>87.2K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$157.50</td>
<td>$32.8K</td>
<td>6.4K</td>
<td>19.9K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$220.00</td>
<td>$172.1K</td>
<td>30.5K</td>
<td>6.5K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$200.00</td>
<td>$34.5K</td>
<td>3.6K</td>
<td>4.5K</td>
</tr>
<tr>
<td>IONQ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$15.00</td>
<td>$47.5K</td>
<td>1.1K</td>
<td>3.2K</td>
</tr>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$15.00</td>
<td>$30.6K</td>
<td>602</td>
<td>2.8K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$400.00</td>
<td>$171.2K</td>
<td>2.8K</td>
<td>2.6K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$135.00</td>
<td>$35.0K</td>
<td>18.3K</td>
<td>2.0K</td>
</tr>
<tr>
<td>DDOG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$90.00</td>
<td>$27.9K</td>
<td>878</td>
<td>605</td>
</tr>
<tr>
<td>FRSH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$7.50</td>
<td>$79.9K</td>
<td>76</td>
<td>472</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 bullish, expiring in 4 day(s) on October 25, 2024. This event was a transfer of 452 contract(s) at a $142.00 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 $116.6K, with a price of $258.0 per contract. There were 125476 open contracts at this strike prior to today, and today 87252 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 sweep with bearish sentiment. It expires in 4 day(s) on October 25, 2024. Parties traded 150 contract(s) at a $157.50 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $32.8K, with a price of $219.0 per contract. There were 6422 open contracts at this strike prior to today, and today 19963 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 bullish, expiring in 88 day(s) on January 17, 2025. This event was a transfer of 76 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 $172.1K, with a price of $2265.0 per contract. There were 30561 open contracts at this strike prior to today, and today 6592 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on October 25, 2024. Parties traded 100 contract(s) at a $200.00 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 $34.5K, with a price of $345.0 per contract. There were 3684 open contracts at this strike prior to today, and today 4500 contract(s) were bought and sold. 
• For IONQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), we notice a call option trade that happens to be bearish, expiring in 11 day(s) on November 1, 2024. This event was a transfer of 500 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $47.5K, with a price of $95.0 per contract. There were 1167 open contracts at this strike prior to today, and today 3280 contract(s) were bought and sold. 
• For WOLF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), we notice a put option sweep that happens to be bullish, expiring in 25 day(s) on November 15, 2024. This event was a transfer of 170 contract(s) at a $15.00 strike. This particular put needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $30.6K, with a price of $180.0 per contract. There were 602 open contracts at this strike prior to today, and today 2871 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 25 day(s) on November 15, 2024. This event was a transfer of 71 contract(s) at a $400.00 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 $171.2K, with a price of $2412.0 per contract. There were 2813 open contracts at this strike prior to today, and today 2685 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 60 day(s) on December 20, 2024. This event was a transfer of 200 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $175.0 per contract. There were 18351 open contracts at this strike prior to today, and today 2037 contract(s) were bought and sold. 
• Regarding DDOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), we observe a put option sweep with bullish sentiment. It expires in 151 day(s) on March 21, 2025. Parties traded 152 contract(s) at a $90.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $184.0 per contract. There were 878 open contracts at this strike prior to today, and today 605 contract(s) were bought and sold. 
• Regarding FRSH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>), we observe a call option sweep with bullish sentiment. It expires in 123 day(s) on February 21, 2025. Parties traded 200 contract(s) at a $7.50 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $79.9K, with a price of $400.0 per contract. There were 76 open contracts at this strike prior to today, and today 472 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.

AAPL

DDOG

FRSH

IONQ

MSFT

WOLF

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

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continues to be Bank of America&#8217;s top stock pick within the artificial intelligence (AI) universe, with analyst Vivek Arya labeling the company <a href="https://www.benzinga.com/news/24/10/41405124/whats-going-on-with-nvidia-stock-on-friday">as a &#8220;generational opportunity.&#8221; </a>
On Thursday, the investment bank raised its price target for the company from $165 to $190. This implies a 40% upside compared to current market prices, on the heels of Nvidia's &#8220;dominant market position in AI chips&#8221; and future AI-driven growth.
<h3 class="wp-block-heading">Bank Of America Raises Earnings Estimates On Nvidia</h3>
Arya significantly boosted Nvidia&#8217;s earnings forecasts for 2025 and 2026 by 13% to 20%. He also highlighted the company&#8217;s &#8220;strong competitive lead&#8221; in the AI sector, controlling 80-85% of the market.
The analyst estimated that Nvidia could tap into a total addressable market (TAM) of over $400 billion by 2024. That&#8217;s four times larger than what was previously projected.
Several recent industry developments have also reinforced Bank of America's confidence in Nvidia&#8217;s long-term prospects. 
Among these are strong earnings from key suppliers like Taiwan Semiconductor Company Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NASDAQ">TSM</a>) and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)&#8217;s recent AI event, alongside meetings with tech giants like Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), and key players in optical technologies. 
Recent reports from TSMC confirm that demand for AI technologies is robust and will likely remain so for years to come.
According to Nvidia management, demand for the company's next-generation Blackwell chips is &#8220;insane,&#8221; further supporting the bullish outlook.
The report also highlights Nvidia's &#8220;extraordinary cash generation potential.&#8221; Arya predicts the company could generate over $200 billion in &#8220;free cash flow&#8221; (FCF) over the next two years, with margins of 45-50%—almost double the average of the so-called &#8220;Magnificent 7&#8221; tech stocks, which includes giants like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>). 
<h3 class="wp-block-heading">Undervalued Partnerships And Revenue Growth</h3>
Arya also indicate that Nvidia's growing enterprise partnerships with companies such as Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), and Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) are &#8220;undervalued by the market.&#8221; 
Beyond its hardware dominance, Nvidia&#8217;s software offerings, like its Networking Interface Modules (NIMs), are critical components in maintaining its leadership in AI infrastructure. These partnerships are expected to drive further expansion across multiple industries.
Despite NVIDIA's strong growth outlook and market dominance, Arya believes its &#8220;valuation remains attractive.&#8221; He calculates that NVIDIA's price-to-earnings growth (PEG) ratio for 2025 is just 0.6x, well below the average PEG ratio of 1.9x for the &#8220;Magnificent 7&#8221; stocks.
<h3 class="wp-block-heading">Market Reactions</h3>
Shares of Nvidia rose 0.84% on Friday to $138, just a hair&#8217;s breadth away from its record high of $140.89 set the previous day.
The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) slipped 0.1%, poised for a weekly decline of about 2.8%, following Wednesday&#8217;s selloff sparked by negative market reactions to ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>)&#8217;s early earnings release.
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Analyst Color

Large Cap

Mid Cap

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ASML

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iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

AI Creates 'Generational Opportunity': Why Nvidia Analyst Says Stock Will Hit $190

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. 
Below are some instances of options activity happening in the Information Technology sector: 
<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>BULLISH</td>
<td>10/18/24</td>
<td>$140.00</td>
<td>$52.9K</td>
<td>130.5K</td>
<td>372.3K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$210.00</td>
<td>$33.8K</td>
<td>3.4K</td>
<td>43.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$157.50</td>
<td>$132.4K</td>
<td>9.6K</td>
<td>17.6K</td>
</tr>
<tr>
<td>ASML</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$700.00</td>
<td>$26.5K</td>
<td>1.3K</td>
<td>4.8K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$190.00</td>
<td>$53.0K</td>
<td>3.9K</td>
<td>4.6K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$150.00</td>
<td>$107.2K</td>
<td>6.2K</td>
<td>2.5K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$190.00</td>
<td>$29.5K</td>
<td>646</td>
<td>1.5K</td>
</tr>
<tr>
<td>APP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$135.00</td>
<td>$49.7K</td>
<td>156</td>
<td>1.5K</td>
</tr>
<tr>
<td>FRSH</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$10.00</td>
<td>$105.0K</td>
<td>2.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$415.00</td>
<td>$33.0K</td>
<td>2.5K</td>
<td>955</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on October 18, 2024. Parties traded 504 contract(s) at a $140.00 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 $52.9K, with a price of $105.0 per contract. There were 130533 open contracts at this strike prior to today, and today 372360 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 sweep that happens to be bullish, expiring in 1 day(s) on October 18, 2024. This event was a transfer of 137 contract(s) at a $210.00 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 $33.8K, with a price of $247.0 per contract. There were 3464 open contracts at this strike prior to today, and today 43051 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on October 18, 2024. This event was a transfer of 1025 contract(s) at a $157.50 strike. This particular put needed to be split into 84 different trades to become filled. The total cost received by the writing party (or parties) was $132.4K, with a price of $125.0 per contract. There were 9639 open contracts at this strike prior to today, and today 17680 contract(s) were bought and sold. 
• Regarding ASML (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), we observe a call option trade with neutral sentiment. It expires in 1 day(s) on October 18, 2024. Parties traded 30 contract(s) at a $700.00 strike. The total cost received by the writing party (or parties) was $26.5K, with a price of $884.0 per contract. There were 1354 open contracts at this strike prior to today, and today 4871 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 bearish, expiring in 1 day(s) on October 18, 2024. This event was a transfer of 265 contract(s) at a $190.00 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 $53.0K, with a price of $200.0 per contract. There were 3966 open contracts at this strike prior to today, and today 4663 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 sweep that happens to be bullish, expiring in 246 day(s) on June 20, 2025. This event was a transfer of 150 contract(s) at a $150.00 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 $107.2K, with a price of $715.0 per contract. There were 6267 open contracts at this strike prior to today, and today 2500 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a put option trade with bearish sentiment. It expires in 1 day(s) on October 18, 2024. Parties traded 50 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $29.5K, with a price of $590.0 per contract. There were 646 open contracts at this strike prior to today, and today 1588 contract(s) were bought and sold. 
• For APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we notice a put option sweep that happens to be bullish, expiring in 127 day(s) on February 21, 2025. This event was a transfer of 38 contract(s) at a $135.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $49.7K, with a price of $1310.0 per contract. There were 156 open contracts at this strike prior to today, and today 1511 contract(s) were bought and sold. 
• Regarding FRSH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>), we observe a call option trade with neutral sentiment. It expires in 127 day(s) on February 21, 2025. Parties traded 500 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $105.0K, with a price of $210.0 per contract. There were 2126 open contracts at this strike prior to today, and today 1000 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 bearish sentiment. It expires in 8 day(s) on October 25, 2024. Parties traded 50 contract(s) at a $415.00 strike. The total cost received by the writing party (or parties) was $33.0K, with a price of $660.0 per contract. There were 2513 open contracts at this strike prior to today, and today 955 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.

MSTR

A semiconductor rally pushed the S&amp;P 500 to new all-time highs on Thursday, with strong earnings from Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) boosting tech sentiment after a weak report from ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) <a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41383732/stock-of-the-day-taiwan-semiconductor-breaks-out-as-buyers-push-prices-higher">earlier in the week.</a>
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) jumped 2.3%, leading sector gains. NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) hit fresh record highs, reaching $141 per share during the morning session.
The Nasdaq 100 outperformed major indices, while small caps underperformed as the Russell 2000 faced resistance at a key technical level. The Dow briefly touched a record high of 43,289 points before pulling back slightly.
On the macro front, September retail sales exceeded expectations, and jobless claims fell last week, reinforcing views of strong economic resilience. However, this also slightly hit hopes for Fed rate cuts as economists voiced doubts about the <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41386234/strong-september-retail-sales-put-feds-next-move-in-doubt-interest-rate-cuts-are-">need for further easing in November.</a>
The U.S. dollar strengthened, with the dollar index (DXY) climbing to levels last seen in early August. The euro fell 0.4% as the European Central Bank cut interest rates amid weak economic data and ongoing disinflation.
Gold prices, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), rose 0.5%, setting new records despite rising Treasury yields. The 10-year Treasury yield gained 8 basis points to 4.10%, while the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) slid 1.6%, marking its worst session since early August.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) eased 0.4%, taking a breather after four consecutive sessions of gains.
<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 % change</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,304.26</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,865.46</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,231.61</td>
<td>0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,279.25</td>
<td>-0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent101724&amp;t=be2bearmibe3na1">Benzinga Pro</a> 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 0.4% to $584.45.</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;inched 0.4% higher to $432.52.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) soared 0.7% to $494.15.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.4% to $226.02.</li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 1%. The Consumer Staples Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) lagged, down 0.5%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul>
<li>Semiconductor stocks rallying Thursday on the heels of strong TSM earnings were Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), up 4%; Lattice Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), up 4%; Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), up 3.6% and Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), up 3.1%.</li>
<li>Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) soared over 7% to fresh record highs after a strong quarterly report. </li>
<li>Other stocks reacting to company earnings included CSX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), down 6%; Kinder Morgan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>), up 0.1%; Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>), up 2%; Equifax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>), down 2.5%; Steel Dynamics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>), up 6%; Alcoa Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>), down 3%; Marsh &amp; McLennan Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>), up 0.1%; Elevance Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>), down 12%; Travelers Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>), up 8%; Truist Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), down 1.2%; M&amp;T Bank Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>), up 5%; Huntington Bancshares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>), down 1.8% and KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>), down 1.5%.</li>
<li>Companies slated to report their earnings after the close include Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), Intuitive Surgical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>), Crown Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) and Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>). </li>
</ul>
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<li><a href="https://www.benzinga.com/markets/asia/24/10/41385179/hamas-chief-oct-7-mastermind-yahya-sinwar-possibly-dead-idf-conducts-dna-tests-after-gaza-clash">Hamas Chief, Oct. 7 Mastermind Yahya Sinwar Possibly Dead: IDF Conducts DNA Tests After Gaza Clash</a></li>
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Photo: Shutterstock

Equities

Macro Economic Events

Sector ETFs

Bonds

Broad U.S. Equity ETFs

Eurozone

Commodities

Forex

Retail Sales

Small Cap

Treasuries

Econ #s

Economics

Federal Reserve

ETFs

$BTC

SPDR Dow Jones Industrial Average ETF Trust

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

HBAN

ISRG

LSCC

NFLX

STLD

iShares Trust Barclays 20+ Year Treasury Bond Fund

Chipmakers Rally, Nvidia Smashes Records On TSMC Blowout Earnings, Gold Hits All-Time Highs: What's Driving Markets Thursday?

WIIM

AMAT

INTC

LRCX

MCHP

NXPI

QCOM

TSEM

Shares of semiconductor stocks are trading higher in sympathy with Taiwan Semiconductor, which reported better-than-expected earnings and issued strong guidance.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSMC#NYSE">TSMC</a>) is seen singularly lifting the semiconductor space <a href="https://www.benzinga.com/premarket">in premarket trading </a>on Thursday. 
The Catalyst: Hsinchu, Taiwan-based <a href="https://www.benzinga.com/news/earnings/24/10/41373163/nvidia-supplier-tsmc-reports-q3-revenue-earnings-beat-amid-rising-demand-for-ai-chips">TSMC reported third-quarter revenues and earnings per share </a>that exceeded consensus estimates, citing strong smartphone and AI-related demand for its more advanced 3nm and 5nm technologies.
The relatively higher share of more advanced processor node technologies gave margins a big boost, with gross, operating, and net margins all exceeding prior-year periods.
The foundry supplies chips to most global corporations including Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
The company&#8217;s earnings and earnings per share both jumped 54% year-over-year, growing faster than the top line, which climbed 39%.
More importantly, TSMC guided fourth-quarter revenue to $26.1 billion to $26.9 billion, well above the $24.86 billion consensus estimate.
TSMC&#8217;s stellar quarterly results should quell the anxiety of investors, who were increasingly becoming skittish about a potential AI bubble burst.
See Also: <a href="https://www.benzinga.com/money/best-semiconductor-stocks">Best Semiconductor Stocks</a>
Stock Moves: Nvidia, whose advanced chips, power most of AI applications and processes, jumped 2.56% to $139.19, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
The Jensen Huang-led company is on the cusp of topping Apple as the world&#8217;s most-valued company, with merely a differential of $195 billion in market cap between the companies. A $8 gain by Nvidia could help accomplish the feat, provided Apple remains flat or retreats.
Among the other movers are:
<ul>
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) rose 2.93% to $160.70.</li>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) added 2.17% to $111.61.</li>
<li>Arm Holdings Plc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) jumped 3.90% to $158.45.</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) moved up 2.23% to $180.76.</li>
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) rose 1.62% to $174.25.</li>
<li>Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) gained 2.23% to $83.50.</li>
<li>iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) climbed 2.33% to $232.65.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41351475/after-asml-rocks-ai-hardware-names-gene-munster-explains-why-its-overreaction-ai-tr">After ASML Rocks AI Hardware Names, Gene Munster Explains Why It&#8217;s &#8216;Overreaction:&#8217; &#8216;AI Trade Is On Track&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Long Ideas

News

Movers

Trading Ideas

MRVL

TSMC

Why Nvidia, AMD, Micron, Arm And Other Chipmakers Are Ripping Higher Premarket On Thursday

Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares are trading higher on Wednesday as some stocks in the chip sector rebound from Tuesday&#8217;s drop. The company also unveiled its new clock driver, the <a href="https://www.benzinga.com/pressreleases/24/10/g41331155/micron-fuels-new-wave-of-ai-pcs-with-launch-of-ultra-fast-clock-driver-ddr5-memory-portfolio">DDR5 memory portfolio</a>.
What To Know: Micron announced its DDR5 memory portfolio, designed to fuel a new wave of AI PCs. The company introduced two clock driver memory modules capable of delivering speeds of up to 6,400 MT/s (megatransfers per second), more than twice as fast as DDR4.
Micron&#8217;s new portfolio integrates a clock driver directly onto the memory module, ensuring improved speed stability and signal integrity. DDR5 is designed to provide more speed stability, faster downloads and better refresh rates for next-generation PCs. 
Micron also announced that it validated its DDR5 solutions for use with Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) Core Ultra processors, which were launched on Oct. 10.
&#8220;As AI takes flight, a memory paradigm shift is needed to keep pace with unprecedented system performance requirements,&#8221; said Dinesh Bahal, corporate vice president and general manager of Micron&#8217;s Commercial Products Group. 
&#8220;Micron is shipping the industry&#8217;s first JEDEC-standard, commercially available DDR5 CUDIMM and CSODIMM solutions to power fast, out-of-the-box speeds for AI PCs and high-end workstations. With this new category, we are arming the ecosystem with next-generation memory solutions to future-proof today&#8217;s devices for tomorrow&#8217;s AI workloads.&#8221;
Related Link: <a href="https://www.benzinga.com/news/24/10/41343730/intel-amd-join-forces-to-shape-the-future-of-computing">Intel, AMD Join Forces To Shape The Future Of Computing</a>
What Else: Several chip stocks are recovering from Tuesday&#8217;s weakness, largely driven by <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41358875/asml-stock-plunges-further-on-lower-2025-sales-outlook-analysts-break-down-semicond#">soft guidance</a> out of ASML Holding.
The Dutch chip company slashed its full-year sales guidance from a range of 30 billion euros ($32.59 billion) to 40 billion euros to a new range of 30 billion euros to 35 billion euros.
In addition, <a href="https://www.benzinga.com/markets/equities/24/10/41328454/why-nvidia-amd-and-other-chipmakers-are-moving-lower-in-tuesdays-premarket">reports surfaced</a> this week that the U.S. is exploring the possibility of curbing chip exports to some countries, which negatively impacted stocks in the chip sector.
Currently, the U.S. limits exports of chips to select countries, such as China. However, the new potential controls on chip exports would reportedly focus on Persian Gulf Nations.
How To Buy Micron Technology Stock
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Micron Technology's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
MU Price Action: Micron Technology shares were up 4.14% at $108.65 Wednesday afternoon, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: courtesy of Micron

What's Going On With Micron Technology Stock Wednesday?

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>BULLISH</td>
<td>10/18/24</td>
<td>$135.00</td>
<td>$30.0K</td>
<td>74.2K</td>
<td>162.1K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$230.00</td>
<td>$102.1K</td>
<td>42.6K</td>
<td>41.1K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$50.00</td>
<td>$97.4K</td>
<td>19.4K</td>
<td>6.2K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$420.00</td>
<td>$28.4K</td>
<td>9.6K</td>
<td>4.2K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$110.00</td>
<td>$25.0K</td>
<td>4.1K</td>
<td>3.8K</td>
</tr>
<tr>
<td>IONQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$12.50</td>
<td>$37.2K</td>
<td>5.3K</td>
<td>3.1K</td>
</tr>
<tr>
<td>WULF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$7.00</td>
<td>$101.4K</td>
<td>7.9K</td>
<td>3.0K</td>
</tr>
<tr>
<td>MVIS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$1.50</td>
<td>$83.0K</td>
<td>198</td>
<td>3.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$180.00</td>
<td>$27.0K</td>
<td>15.4K</td>
<td>1.9K</td>
</tr>
<tr>
<td>GDS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$22.00</td>
<td>$35.6K</td>
<td>3.5K</td>
<td>1.8K</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 call option sweep with bullish sentiment. It expires in 2 day(s) on October 18, 2024. Parties traded 120 contract(s) at a $135.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $251.0 per contract. There were 74220 open contracts at this strike prior to today, and today 162198 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 trade that happens to be bearish, expiring in 2 day(s) on October 18, 2024. This event was a transfer of 450 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $102.1K, with a price of $227.0 per contract. There were 42657 open contracts at this strike prior to today, and today 41182 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 call option trade that happens to be bullish, expiring in 30 day(s) on November 15, 2024. This event was a transfer of 191 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $97.4K, with a price of $510.0 per contract. There were 19406 open contracts at this strike prior to today, and today 6287 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 bearish sentiment. It expires in 93 day(s) on January 17, 2025. Parties traded 14 contract(s) at a $420.00 strike. The total cost received by the writing party (or parties) was $28.4K, with a price of $2030.0 per contract. There were 9671 open contracts at this strike prior to today, and today 4234 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 9 day(s) on October 25, 2024. Parties traded 100 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 4119 open contracts at this strike prior to today, and today 3822 contract(s) were bought and sold. 
• Regarding IONQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), we observe a call option sweep with neutral sentiment. It expires in 2 day(s) on October 18, 2024. Parties traded 1432 contract(s) at a $12.50 strike. This particular call needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $37.2K, with a price of $26.0 per contract. There were 5391 open contracts at this strike prior to today, and today 3133 contract(s) were bought and sold. 
• Regarding WULF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>), we observe a call option trade with bullish sentiment. It expires in 30 day(s) on November 15, 2024. Parties traded 2899 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $101.4K, with a price of $35.0 per contract. There were 7973 open contracts at this strike prior to today, and today 3068 contract(s) were bought and sold. 
• For MVIS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVIS#NASDAQ">MVIS</a>), we notice a call option trade that happens to be bearish, expiring in 212 day(s) on May 16, 2025. This event was a transfer of 2865 contract(s) at a $1.50 strike. The total cost received by the writing party (or parties) was $83.0K, with a price of $29.0 per contract. There were 198 open contracts at this strike prior to today, and today 3001 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bearish, expiring in 30 day(s) on November 15, 2024. This event was a transfer of 100 contract(s) at a $180.00 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 $27.0K, with a price of $270.0 per contract. There were 15441 open contracts at this strike prior to today, and today 1903 contract(s) were bought and sold. 
• Regarding GDS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>), we observe a call option sweep with bullish sentiment. It expires in 30 day(s) on November 15, 2024. Parties traded 162 contract(s) at a $22.00 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 $35.6K, with a price of $220.0 per contract. There were 3530 open contracts at this strike prior to today, and today 1894 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.

MVIS

SMCI

WULF

10 Information Technology Stocks Whale Activity In Today's Session

ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) shares continue to move lower on Wednesday, adding to steep losses from Tuesday after the chip equipment maker <a href="https://www.benzinga.com/markets/equities/24/10/41339229/asml-earnings-leak-sparks-broad-semiconductor-sell-off-sector-down-sharply-as-dutch-chipmaker-lo">cut its full-year outlook</a>.
What Happened: ASML shares closed Tuesday down 16% after the company lowered its sales outlook due to weak demand for chips outside of AI.
ASML <a href="https://www.benzinga.com/markets/equities/24/10/41339229/asml-earnings-leak-sparks-broad-semiconductor-sell-off-sector-down-sharply-as-dutch-chipmaker-lo">reported</a> third-quarter net sales of 7.5 billion euros ($8.16 billion), beating analyst estimates of 7.12 billion euros, but the Dutch company lowered the high end of its full-year sales guidance from a range of 30 billion euros to 40 billion euros to a new range of 30 billion euros to 35 billion euros.
"While there continue to be strong developments and upside potential in AI, other market segments are taking longer to recover. It now appears the recovery is more gradual than previously expected. This is expected to continue in 2025, which is leading to customer cautiousness," ASML CEO&nbsp;Christopher Fouquet said in the earnings release.
Check This Out: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41358875/asml-stock-plunges-further-on-lower-2025-sales-outlook-analysts-break-down-semicond#">ASML Stock Plunges Further On Lower 2025 Sales Outlook: Analysts Break Down Semiconductor Challenges</a>
To make matters worse, the company&#8217;s quarterly results were accidentally published a day ahead of the scheduled release time. On a conference call with investors and analysts Wednesday morning, Fouquet apologized for the mishap and called it &#8220;unfortunate, &#8220;according to <a href="https://www.marketwatch.com/story/asml-says-chip-market-slump-will-mainly-impact-sales-to-china-6fbf2da9">MarketWatch</a>.
The ASML CEO reportedly said on the call that the forecasted weakness in the semiconductor market is expected to mainly impact sales of its less advanced systems in China. He also explained that lower chip demand is primarily coming from the automobile and consumer electronics industries.&nbsp;
&#8220;We are still quite optimistic about AI,&#8221; Fouquet said on the call.
AI chip leader NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell more than 4% on Tuesday while other chipmakers like 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>) and Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) all faced significant selling pressure. Nvidia was up more than 2% on Wednesday, Micron was up about 4%, AMD was trading narrowly higher and Intel was down about 1% at the time of writing. 
Bloomberg <a href="https://www.benzinga.com/markets/equities/24/10/41328454/why-nvidia-amd-and-other-chipmakers-are-moving-lower-in-tuesdays-premarket">reported</a> this week that the Biden administration was weighing capping sales of advanced AI chips from Nvidia and other U.S. chipmakers. That report also weighed on chip stocks on Tuesday. 
ASML Price Action: ASML Holding shares were down 5.86% at $687.61 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Earnings

ASML Holding Stock Continues To Slide, Other Chipmakers Bounce Back: 'We Are Still Quite Optimistic About AI'

Micron shares are trading higher as some chip stocks rebound from Tuesday's drop. The company on Tuesday also unveiled its DDR5 memory portfolio.

Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) are going head-to-head in <a href="https://www.benzinga.com/topic/semiconductors">the semiconductor arena</a>, but it looks like the battle lines are drawn in more than just the stock charts.
Both companies have had their fair share of headlines, innovations, and hurdles in recent weeks. 
While Intel's partnerships and global challenges pile up, Micron is racing ahead with cutting-edge memory solutions and expansion into new markets. But who's really winning the chip war? 
Let's dive into a head-to-head comparison of these two tech titans.
<h2 class="wp-block-heading">Intel: Navigating Complex Partnerships &amp; Geopolitical Roadblocks</h2>
Intel's year has been rough, with the stock tumbling over 52% year-to-date and down 38% over the past year.
But if you think this chip giant is ready to surrender, think again. Intel has been busy forming alliances to future-proof its business. Its latest partnership with Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) to create the x86 Ecosystem Advisory Group shows it's serious about shaping the future of computing architecture.
 This collaboration includes big names like Alphabet Inc&#8216;s Google Cloud, Dell Technologies Inc, and Microsoft Corp, aiming to keep Intel and AMD at the forefront of the evolving tech landscape.
But Intel's challenges go beyond just innovation. The company faces increasing scrutiny from China, which recently flagged Intel's products for security reviews, accusing the U.S. chipmaker of harming national security, according to Reuters. Meanwhile, Qualcomm Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) potential acquisition of Intel is now being held up by both U.S. elections and Chinese scrutiny, leaving investors uncertain.
Analysts aren't exactly optimistic either. Deutsche Bank, Mizuho, and Rosenblatt all have price targets, implying Intel could <a href="https://www.benzinga.com/quote/INTC/analyst-ratings">see further downside</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="455" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/16071237/Screenshot-2024-10-16-at-4.42.12-PM.png" alt="" class="wp-image-597976" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/16071237/Screenshot-2024-10-16-at-4.42.12-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/16071237/Screenshot-2024-10-16-at-4.42.12-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101624&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
And with the stock hovering around $22.66, well below its 200-day SMA of $33.28, the technicals suggest Intel might be in for more pain. 
Its price has slipped below its eight and 20-day moving averages, signaling short-term bearish momentum.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41339315/nvidia-and-intel-competition-threaten-amds-growth-analyst-says">Nvidia and Intel Competition Threaten AMD&#8217;s Growth, Analyst Says</a>
<h2 class="wp-block-heading">Micron: Betting Big On Memory &amp; AI</h2>
In stark contrast to Intel's struggles, Micron is riding a wave of momentum. 
The stock is up a whopping 26.69% year-to-date and an impressive 51% over the past year. Micron's secret weapon? 
A relentless focus on next-gen memory technologies, which are critical for AI and high-performance computing. The company recently <a href="https://investors.micron.com/news-releases/news-release-details/micron-fuels-new-wave-ai-pcs-launch-ultra-fast-clock-driver-ddr5">launched </a>its DDR5 CUDIMM and CSODIMM solutions, which boast speeds of up to 6,400 MT/s, making it the first to market with JEDEC-standard clock driver-based memory modules. Micron's innovative memory products are set to supercharge AI PCs and high-end workstations, putting the company in the driver's seat for future AI workloads.
What's more, Micron is making a major push into India with the construction of a new Assembly, Testing, Marking, and Packaging (ATMP) facility in Gujarat, signaling its commitment to expanding its global footprint. India is set to play a key role in Micron's long-term strategy, further separating it from competitors like Intel, who are grappling with geopolitical roadblocks.
On the technical front, Micron looks much healthier than Intel. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="455" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/16071358/Screenshot-2024-10-16-at-4.42.22-PM.png" alt="" class="wp-image-597983" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/16071358/Screenshot-2024-10-16-at-4.42.22-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/16071358/Screenshot-2024-10-16-at-4.42.22-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101624&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Its share price of $104.32 is above its 20 and 50-day SMAs, signaling a strong bullish trend. However, its eight-day and 200-day SMAs sit slightly higher at $104.33 and $106.88, respectively, suggesting some caution may be needed in the longer term. 
Still, with a <a href="https://www.benzinga.com/quote/MU/analyst-ratings">Buy consensus rating</a> and an average price target of $145.36, analysts see significant upside for Micron, with an implied 38.60% increase from current levels.
<h2 class="wp-block-heading">The Verdict: Innovation Vs. Headwinds</h2>
While Intel grapples with partnerships, political scrutiny, and lackluster stock performance, Micron is charging ahead with groundbreaking technology and global expansion. 
Investors looking for short-term gains may find Micron more appealing. The company is riding the AI wave and innovating rapidly.
Intel, on the other hand, may require a longer-term horizon, as its partnerships with AMD and other tech giants could bear fruit in shaping the future of computing—assuming it can navigate the geopolitical minefield.
In this chipmaker showdown, Micron seems to have the upper hand in the battle for AI dominance, while Intel might need to wait for its partnerships and political uncertainties to clear before reclaiming its crown.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41343730/intel-amd-join-forces-to-shape-the-future-of-computing">Intel, AMD Join Forces To Shape The Future Of Computing</a></li>
</ul>
Photo: Shutterstock

Technicals

Intel Vs. Micron Technology: Which Chipmaker Holds The Edge?

On Tuesday, Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) announced the release of a new category of clock driver memory modules aimed at next-generation PCs, including AI-driven systems.
The company unveiled its Crucial DDR5 clocked unbuffered dual inline memory modules (CUDIMM) and clocked small outline dual memory modules (CSODIMM), now shipping in volume.
Based on JEDEC standards, these modules offer speeds up to 6,400 MT/s, over twice the speed of DDR4 and 15% faster than non-clock-driver-based DDR5 solutions.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40687996/microsofts-ai-pcs-stumble-with-game-compatibility-report" rel="noreferrer noopener">Microsoft&#8217;s AI PCs Stumble With Game Compatibility: Report</a>
The newly launched memory modules bring enhanced speed stability, faster downloads, and improved refresh rates, which are crucial for demanding workloads. Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) validated these solutions for its latest Intel Core Ultra processors, so the memory can scale up to 64GB, empowering high-performance PCs and AI workstations.
<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/2024/10/16044537/newplot-12.png" alt="" class="wp-image-597715" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/16044537/newplot-12.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/16044537/newplot-12-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Dinesh Bahal, corporate vice president of Micron&#8217;s Commercial Products Group, said, &#8220;Micron is shipping the industry&#8217;s first JEDEC-standard DDR5 CUDIMM and CSODIMM solutions to power fast, out-of-the-box speeds for AI PCs and high-end workstations.&#8221;
Dimitrios Ziakas, vice president of memory and I/O technologies at Intel, noted, &#8220;The combination of Intel Core Ultra desktop processors and Micron&#8217;s clock driver-powered memory will propel AI PCs to new heights, delivering 6,400 MT/s speeds.&#8221;
Micron&#8217;s new offerings are suited for desktop and laptop systems, available from 16GB to 64 GB.
According to Canalys, <a target="_blank" href="https://www.benzinga.com/news/24/08/40347392/apple-intel-and-amd-lead-charge-in-ai-capable-pc-market-surge-report" rel="noreferrer noopener">AI PC shipments</a> reached 8.8 million in the second quarter of 2024, accounting for 14% of total PCs. Apple led the AI-capable PC market with its entire Mac lineup, followed by Intel, Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>).
Micron Technology stock gained over 51% in the last 12 months.
Cantor Fitzgerald analyst C J Muse cited the upside from <a target="_blank" 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" rel="noreferrer noopener">Micron&#8217;s high-margin products</a> and AI-driven data center demand.
However, Muse and KeyBanc&nbsp;analyst John Vinh&nbsp;highlighted <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41235547/nvidia-amd-lead-the-pack-broadcom-stable-intel-falters-analysts-latest-take" rel="noreferrer noopener">oversupply concerns as</a> US sanctions on China prompted Samsung to convert its unused HBM capacity back to traditional DRAM to survive the competition.
Price Action: MU stock is up 0.70% at $105.05 premarket at last check Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41339315/nvidia-and-intel-competition-threaten-amds-growth-analyst-says" target="_blank" rel="noreferrer noopener">Nvidia and Intel Competition Threaten AMD&#8217;s Growth, Analyst Says</a></li>
</ul>
Photo: courtesy of Micron

Micron Unveils DDR5 Memory Boost for AI PCs, Backed by Intel Validation

Micron Technology's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MU#NYSE">MU</a>) short percent of float has fallen 7.49% since its last report. The company recently reported that it has 34.17 million shares sold short, which is 3.09% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Micron Technology Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729024222_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Micron Technology has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Micron Technology's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Micron Technology's peer group average for short interest as a percentage of float is 4.54%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Micron Technology?

Whales with a lot of money to spend have taken a noticeably bullish stance on Micron Technology.
Looking at options history for Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) we detected 38 trades.
If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $680,046 and 28, calls, for a total amount of $1,689,518.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $190.0 for Micron Technology, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</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 $45.0 to $190.0 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/2024/1729007153_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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>06/18/26</td>
<td>$25.5</td>
<td>$24.6</td>
<td>$25.7</td>
<td>$115.00</td>
<td>$385.1K</td>
<td>276</td>
<td>150</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$13.8</td>
<td>$13.7</td>
<td>$13.7</td>
<td>$115.00</td>
<td>$274.0K</td>
<td>4.5K</td>
<td>200</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$11.25</td>
<td>$11.05</td>
<td>$11.25</td>
<td>$120.00</td>
<td>$135.0K</td>
<td>3.4K</td>
<td>277</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$0.54</td>
<td>$0.48</td>
<td>$0.54</td>
<td>$100.00</td>
<td>$106.5K</td>
<td>11.9K</td>
<td>6.3K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$3.05</td>
<td>$3.0</td>
<td>$3.05</td>
<td>$135.00</td>
<td>$91.5K</td>
<td>4.0K</td>
<td>807</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.
<h3>Micron Technology's Current Market Status</h3>
<ul>
<li>Trading volume stands at 9,812,124, with MU's price down by -3.09%, positioned at $104.99.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 64 days.</li>
</ul>
<h3>Professional Analyst Ratings for Micron Technology</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $137.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Micron Technology, targeting a price of $135. 
&#x2A; An analyst from B of A Securities has decided to maintain their Buy rating on Micron Technology, which currently sits at a price target of $125. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on Micron Technology, which currently sits at a price target of $175. 
&#x2A; Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on Micron Technology with a target price of $115. 
&#x2A; An analyst from Stifel has decided to maintain their Buy rating on Micron Technology, which currently sits at a price target of $135. 
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.

Check Out What Whales Are Doing With Micron Technology

ARM,QCOM,NVDA,MU,AMD,TSM,AVGO,NXPI,LRCX,INTC,ASML,ON,RMBS,LSCC,GFS,TSEM,SIMO,ADI,KLAC,MCHP,STM,AMAT

ACLS

ACMR

ALGM

CAMT

ENTG

FORM

FSLR

KLAC

KLIC

MKSI

MPWR

NVMI

RMBS

SIMO

SITM

UCTT

Shares of chip stocks are trading lower in sympathy with ASML, which fell after issuing soft guidance. Some stocks in the sector may also be down on reports indicating the US is discussing curbing chip exports to some countries.

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is leading the weakness in the chip space <a href="https://www.benzinga.com/premarket">in premarket trading</a> on Tuesday, with potential ramifications of the U.S.-China standoff triggering the slide.
The Biden administration has discussed curbing sales of advanced AI chips from Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and other U.S. chipmakers on a country-specific basis, Bloomberg<a href="https://www.bloomberg.com/news/articles/2024-10-15/us-weighs-capping-exports-of-ai-chips-from-nvidia-and-amd-to-some-countries"> reported,</a> citing people familiar with the matter. Such an export curb is already in place in China and a few other countries. 
The report said, the U.S. is considering a ceiling on export licenses for countries in the interest of national security, with a particular focus on Persian Gulf nations, which have been building AI infrastructure rampantly using their deep pockets in a bid to assert their computational sovereignty.
In May when rumors were adrift about a potential pact between the U.S. and Saudi Arabia that would offer the latter security guarantees and lay out a possible pathway to diplomatic ties with Israel, Lumida Wealth&#8217;s Ram Ahluwalia said, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38577767/semiconductors-are-the-new-oil-wealth-manager-says-saudi-arabias-need-for-data-cent">&#8220;Semiconductors are the New Oil.&#8221;</a>
&#8220;Remember, Saudi is building 60 data centers and diverting investment from ‘The Linear City,&#8221; he said then.
According to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data</a>:
<ul>
<li>Nvidia was down 0.57% to $137.28.</li>
<li>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) slipped 1.03% to $163.56.</li>
<li>Micron Technology, Inc. (MU) moved down 0.61% to $107.68.</li>
<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) slipped 1% to $160.20.</li>
<li>ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) declined 1.30% to $860.84.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/best-semiconductor-stocks">Best Semiconductor Stocks</a>
Image via Shutterstock

Government

Regulations

Media

Why Nvidia, AMD And Other Chipmakers Are Moving Lower In Tuesday's Premarket

Wall Street mood has become circumspect as traders gear up to receive a slew of earnings reports this week <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41319060/s-p-500-extends-record-highs-dow-breaks-43-000-ahead-of-pivotal-earnings-week-bitco">amid the market&#8217;s record run.</a> The Nasdaq Composite has been a laggard among the major averages and it remains to be seen if the early sentiment reverses and tech stocks could finish the session with a flourish. 
A spate of earnings due ahead of the market may set the tone for the day&#8217;s trading. Traders may also focus on any potential preannouncements, the results of a regional manufacturing survey and a couple of speeches by Federal Reserve officials. Energy stocks could lose their verve amid the sharp retreat in energy prices amid waning demand and supply concerns. Bond yields continue to hold firm. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.12%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.05%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.06%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.07%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Tuesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged down 0.06% to $583.99 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) moved down 0.15% to $496.77, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
Optimism concerning tech earnings season abounded on Wall Street on Monday as the S&amp;P 500 and Nasdaq Composite Indices opened solidly higher and moved roughly sideways before closing higher. The 30-stock Dow opened lower as Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) served as a drag, but the blue-chip average recouped its losses and moved higher in late-morning trading and stayed in the green for the remainder of the session.
As a result, the Dow and S&amp;P 500 set fresh closing and intraday highs, with the former topping 43,000 for the first time ever. The Nasdaq Composite is just under seven points from its all-time high of 18,509.34.
All but one of the S&amp;P 500 sector indices closed higher for the day, with energy stocks notching a marginal loss. IT and utility stocks were the biggest gainers of the session, led by Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). The artificial intelligence stalwart ended the session at a record high.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td> Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.87%</td>
<td>18,502.69</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.77%</td>
<td>5,859.85</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.47%</td>
<td>43,065.22</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.64%</td>
<td>2,248.64</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Cyclical stocks are poised for relative outperformance, thanks to the recent data that reinforces the resilience of the economy, according to Morgan Stanley analysts. But positioning in cyclicals remains light, said the firm&#8217;s Chief U.S. Equity Strategist Mike Wilson. 
&#8220;This creates opportunity in a sector that we upgraded to overweight last week given rebounding capital markets activity, a better loan growth environment in 2025, an acceleration in buybacks post Basel Endgame re-proposal, and attractive relative valuation,&#8221; he said.
The focus now shifts to the general election, Wilson said. The three high-level dynamics which are still important, according to the strategist, are:
<ul>
<li> business cycle remains more important than the election outcome.</li>
<li>on average, volatility picks up in September of election years and stays elevated through October before decelerating in November.</li>
<li>history is supportive of a quality bias in election years.</li>
</ul>
WisdomTree Senior Economist and Wharton Professor Emeritus Jeremy Siegel also expressed a preference for quality names. &#8220;Looking ahead, I see opportunity if the current resilience continues,&#8221; the economist said.
&#8220;Stocks are not cheap by historical standards, but with the fear gauge elevated and investors still largely hedging their bets, we could see a sharp move higher if sentiment turns more positive,&#8221; he added.
Siegel said quality remains the key for investors. Small caps are catching up a bit but the fundamentals of large-cap tech companies continue to drive performance, he said. &#8220;With inflation moderating and the Fed's easing cycle beginning, sectors like financials and industrials could benefit from a more favorable economic backdrop,&#8221; he added.
Early reports from banks have been solid and could set the tone for broader market gains, the economist said.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data
<ul>
<li>The New York Federal Reserve is scheduled to release the results of its regional manufacturing survey at 8:30 a.m. EDT. Economists, on average, expect the index to decline sharply from 11.5 in September to 3 in October.</li>
<li>San Francisco Fed President Mary Daly will speak at 11:30 a.m. EDT.</li>
<li>The Treasury will auction three- and six-month bills at 11:30 a.m. EDT.</li>
<li>Fed Governor Adriana Kugler is scheduled to make a public appearance at 1 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) climbed nearly 10% <a href="https://www.benzinga.com/premarket">in premarket trading </a>after the company announced up to $750 million in proposed direct funding under the CHIPS and Science Act and an additional $$750 million of new financing from a consortium led by Apollo Global. </li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) climbed over 10% as the stock reacted to Republican presidential nominee Donald Trump&#8217;s improving fortunes. </li>
<li>Chipmakers Nvidia, Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and AI server maker Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) were all trading lower, following their recent gains.</li>
<li>Energy stocks tumbled in reaction to the 4%+ pullback in oil prices.</li>
<li>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), PNC Financial Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>), Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>), UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) and Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">companies reporting their quarterly results ahead of the market opens.</a></li>
<li>Those reporting after the close include J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) and United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil plunged over 4.50% in the early New York session after reports said Israel won&#8217;t launch an attack on Iran&#8217;s crude oil infrastructure, and gold futures were modestly higher. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) firmed up over the past 24 hours and traded above the $65.5K level. The benchmark 10-year old Treasury note yield weakened slightly to 4.065%.
In Asia, Hong Kong and Chinese markets retreated sharply as a string of recent weak data weighed down on sentiment, even as traders looked ahead to further stimulatory measures from the government and the central bank. Most other major markets advanced, taking cues from the positive performance of Wall Street stocks overnight.
European stocks traded mostly lower in early hours amid falling oil prices. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41324660/jim-cramer-says-earnings-season-will-fuel-markets-record-run-but-warns-of-this-horr">Jim Cramer Says Earnings Season Will Fuel Market&#8217;s Record Run, But Warns Of This &#8216;Horrendous&#8217; Headwind That Could Apply Brakes To Rally</a></li>
</ul>
Photo via Shutterstock

Futures

Previews

Pre-Market Outlook

JBHT

SCHW

Wall Street On Edge As Nasdaq Nears Record High, Oil Prices Plummet: Strategist Says There's Opportunity If Resilience Continues

Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) has outperformed the market over the past 15 years by 7.04% on an annualized basis producing an average annual return of 18.86%. Currently, Micron Technology has a market capitalization of $118.86 billion. 
Buying $100 In MU: If an investor had bought $100 of MU stock 15 years ago, it would be worth $1,331.43 today based on a price of $107.19 for MU at the time of writing.
<h3>Micron Technology's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728923416_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.

Here's How Much You Would Have Made Owning Micron Technology Stock In The Last 15 Years

Analyst Joseph Moore from Morgan Stanley maintained a Hold rating on Micron (MU – Research Report) and keeping the price target at $114.00. Joseph ...

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