Micron Technology Option Alert: Jan 16 $90 Puts at the Bid: 750 vs 8245 OI

Micron Technology Option Alert: Jan 16 $90 Puts at the Bid: 750 @ $11.37 vs 8245 OI; Ref=$96.6

Micron Technology Option Alert: Dec 19 $77.5 Puts at the Bid: 1500 vs 2056 OI

Micron Technology Option Alert: Dec 19 $77.5 Puts at the Bid: 1500 @ $5.8 vs 2056 OI; Ref=$96.58

Micron Technology Option Alert: May 16 $90 Calls Sweep (3) near the Ask: 500 vs 2025 OI

Micron Technology Option Alert: May 16 $90 Calls Sweep (3) near the Ask: 500 @ $11.7 vs 2025 OI; Ref=$98.3

Micron Technology Option Alert: Apr 17 $100 Calls Sweep (5) near the Ask: 2320 vs 15633 OI

Micron Technology Option Alert: Apr 17 $100 Calls Sweep (5) near the Ask: 2320 @ $3.295 vs 15633 OI; Ref=$97.53

Micron Technology Option Alert: Fri $102 Puts at the Bid: 800 vs 6777 OI

Micron Technology Option Alert: Fri $102 Puts at the Bid: 800 @ $7.35 vs 6777 OI; Ref=$94.775

Micron Technology Option Alert: Apr 17 $90 Calls Sweep (40) near the Ask: 321 vs 8750 OI

Micron Technology Option Alert: Apr 17 $90 Calls Sweep (40) near the Ask: 321 @ $16.4 vs 8750 OI; Ref=$104.32

Micron Technology Option Alert: Dec 19 $110 Calls Sweep (23) near the Ask: 435 vs 1495 OI

Micron Technology Option Alert: Dec 19 $110 Calls Sweep (23) near the Ask: 435 @ $15.628 vs 1495 OI; Ref=$101.93

Micron Technology Option Alert: Apr 17 $110 Calls at the Bid: 1400 vs 13312 OI

Micron Technology Option Alert: Apr 17 $110 Calls at the Bid: 1400 @ $4.1 vs 13312 OI; Ref=$101.77

Micron Technology Option Alert: Fri $70 Calls Sweep (3) near the midpoint: 250 vs 601 OI

Micron Technology Option Alert: Fri $70 Calls Sweep (3) near the midpoint: 250 @ $30.87 vs 601 OI; Ref=$100.8375

Micron Technology Option Alert: Sep 19 $100 Calls Sweep (14) near the Ask: 1000 vs 2038 OI

Micron Technology Option Alert: Sep 19 $100 Calls Sweep (14) near the Ask: 1000 @ $18.35 vs 2038 OI; Ref=$104.24

Micron Technology (NASDAQ:MU) Stock

Micron Technology

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

Micron Technology Inc

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Blackrock Muniassets Fund Inc

iShares National Muni Bond ETF

Blackrock MuniHoldings California Quality Fund, Inc. Common Stock

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Direxion Daily MU Bear 1X Shares

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MARUHACHI HLDGS CO LTD by MARUHACHI HOLDINGS CO LTD.

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MARUWA UNYU KIKAN CO by MARUWA UNYU KIKAN CO LTD.

AZ-COM Maruwa Holdings Inc

MULIANG VIAGOO TECH by Muliang Viagoo Technology Inc.

Muliang Viagoo Technology Inc

GraniteShares 2x Long MU Daily ETF

Mullen Automotive Inc

Multichain - United States Dollar

MITON UK MICROCAP TR PLC by MITON UK MICROCAP TR PLC

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MUENCHENER RUEKVR GES SHS by Muenchener Rueckver Ges

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Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) has outperformed the market over the past 20 years by 2.48% on an annualized basis producing an average annual return of 10.38%. Currently, Micron Technology has a market capitalization of $77.11 billion. 
Buying $1000 In MU: If an investor had bought $1000 of MU stock 20 years ago, it would be worth $7,181.63 today based on a price of $69.00 for MU at the time of writing.
<h3>Micron Technology's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744929011_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.

News

Trading Ideas

$1000 Invested In Micron Technology 20 Years Ago Would Be Worth This Much Today

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/25/25</td>
<td>$100.00</td>
<td>$108.3K</td>
<td>31.0K</td>
<td>57.6K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/25/25</td>
<td>$205.00</td>
<td>$28.6K</td>
<td>8.9K</td>
<td>15.8K</td>
</tr>
<tr>
<td>APLD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$5.00</td>
<td>$60.6K</td>
<td>18.4K</td>
<td>7.5K</td>
</tr>
<tr>
<td>CTSH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$70.00</td>
<td>$30.0K</td>
<td>5.9K</td>
<td>2.1K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/21/25</td>
<td>$10.00</td>
<td>$29.0K</td>
<td>2.6K</td>
<td>1.2K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$85.00</td>
<td>$209.0K</td>
<td>11.1K</td>
<td>955</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$150.00</td>
<td>$224.2K</td>
<td>3.6K</td>
<td>913</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/25/25</td>
<td>$63.00</td>
<td>$59.3K</td>
<td>74</td>
<td>822</td>
</tr>
<tr>
<td>ON</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/25/25</td>
<td>$33.00</td>
<td>$47.4K</td>
<td>613</td>
<td>543</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/09/25</td>
<td>$350.00</td>
<td>$57.0K</td>
<td>361</td>
<td>466</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 put option sweep with bullish sentiment. It expires in 8 day(s) on April 25, 2025. Parties traded 401 contract(s) at a $100.00 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 $108.3K, with a price of $270.0 per contract. There were 31057 open contracts at this strike prior to today, and today 57602 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on April 25, 2025. Parties traded 200 contract(s) at a $205.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $28.6K, with a price of $143.0 per contract. There were 8906 open contracts at this strike prior to today, and today 15874 contract(s) were bought and sold. 
• For APLD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>), we notice a put option sweep that happens to be neutral, expiring in 638 day(s) on January 15, 2027. This event was a transfer of 213 contract(s) at a $5.00 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 $60.6K, with a price of $284.0 per contract. There were 18428 open contracts at this strike prior to today, and today 7513 contract(s) were bought and sold. 
• For CTSH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 500 contract(s) at a $70.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $60.0 per contract. There were 5917 open contracts at this strike prior to today, and today 2142 contract(s) were bought and sold. 
• For CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we notice a call option sweep that happens to be bullish, expiring in 218 day(s) on November 21, 2025. This event was a transfer of 200 contract(s) at a $10.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $145.0 per contract. There were 2694 open contracts at this strike prior to today, and today 1254 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 neutral, expiring in 155 day(s) on September 19, 2025. This event was a transfer of 200 contract(s) at a $85.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $209.0K, with a price of $1045.0 per contract. There were 11139 open contracts at this strike prior to today, and today 955 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a call option trade that happens to be bearish, expiring in 64 day(s) on June 20, 2025. This event was a transfer of 750 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $224.2K, with a price of $299.0 per contract. There were 3654 open contracts at this strike prior to today, and today 913 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on April 25, 2025. Parties traded 100 contract(s) at a $63.00 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 $59.3K, with a price of $593.0 per contract. There were 74 open contracts at this strike prior to today, and today 822 contract(s) were bought and sold. 
• Regarding ON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), we observe a put option sweep with bearish sentiment. It expires in 8 day(s) on April 25, 2025. Parties traded 500 contract(s) at a $33.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $47.4K, with a price of $96.0 per contract. There were 613 open contracts at this strike prior to today, and today 543 contract(s) were bought and sold. 
• Regarding APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we observe a call option trade with bullish sentiment. It expires in 22 day(s) on May 9, 2025. Parties traded 200 contract(s) at a $350.00 strike. The total cost received by the writing party (or parties) was $57.0K, with a price of $285.0 per contract. There were 361 open contracts at this strike prior to today, and today 466 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

APLD

CLSK

CTSH

NVDA

ORCL

10 Information Technology Stocks Whale Activity In Today's Session

Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) unveiled an overhaul of its organizational structure aimed at <a href="https://www.benzinga.com/pressreleases/25/04/g44862933/micron-announces-business-unit-reorganization-to-capitalize-on-ai-growth-across-all-market-segment">strengthening its position in the fast-evolving </a>artificial intelligence market. 
The company is realigning its operations into four new business units, each tailored to meet growing demand for advanced memory and storage solutions across various sectors.
The four units are Cloud Memory Business Unit (CMBU), Core Data Center Business Unit (CDBU), Mobile and Client Business Unit (MCBU), and Automotive and Embedded Business Unit (AEBU). 
Each unit will be headed by current executives and target specific markets where AI-driven memory and storage demand is surging.
&#8220;This reorganization completes our evolution to a market segment-focused business unit structure, with exciting AI-led growth opportunities in every business unit,&#8221; said EVP and Chief Business Officer, Sumit Sadana.
Also Read: <a href="https://www.benzinga.com/25/04/44825498/bofa-downgrades-pepsico-as-analyst-sees-limited-potential-until-2026">PepsiCo Still A Buy? Not Anymore As Analysts &#8216;Run Out Of Answers&#8217;</a>
&#8220;This structure sharpens our ability to partner deeply with customers and build on our tremendous portfolio momentum with differentiated solutions for all end markets.&#8221;
Raj Narasimhan will lead CMBU, catering to hyperscale cloud and high-bandwidth memory needs. Jeremy Werner will head CDBU, serving original equipment manufacturers and data center clients. 
Mark Montierth will oversee MCBU, which focuses on mobile and personal computing devices. Kris Baxter takes charge of AEBU, targeting automotive, industrial and consumer applications. 
All four units will report to Sumit Sadana, executive vice president and chief business officer. The new business structure will take full effect at the start of the company's fiscal fourth quarter, beginning May 30, 2025.
The decision follows an announcement made Monday by President&nbsp;Donald Trump&nbsp;and his administration stating that <a href="https://www.benzinga.com/25/04/44799415/whats-going-on-with-micron-technology-stock-monday">electronic products will not be subject </a>to the 145% retaliatory tariffs imposed on imports from China.
&nbsp;BofA Securities&nbsp;analysts Vivek Arya and Duksan Jang said even if a dire tariff impact happens, Micron <a href="https://www.benzinga.com/25/04/44852860/nvidia-lam-research-and-marvell-to-face-least-impact-from-tariffs-while-intel-and-arm-could-suffer-more-bofa-analyst">has a 30%+ potential upside</a> to historical P/E or PEG multiple at current stock price.
However, yesterday Nvidia said that the U.S. government will <a href="https://www.benzinga.com/25/04/44841356/chip-stocks-are-facing-selling-pressure-wednesday-heres-why">start requiring a license</a> to&nbsp;export chips to China.
Micron will report financial results under the new business structure starting with the fourth quarter of fiscal year 2025.
Price Action: MU shares traded lower by 0.50% at $69.03 at last check Thursday.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44850301/target-under-pressure-from-discretionary-spend-slowdown-mounting-inventory-risk-goldman-sachs-downgrades-stock">Target Under Pressure From Discretionary Spend Slowdown, Mounting Inventory Risk, Goldman Sachs Downgrades Stock</a></li>
</ul>
Image: Shutterstock

General

Chip Maker Micron Splits Into Four Business Units To Accelerate AI Strategy

Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), a leader in innovative memory and storage solutions, today announced a market segment-based reorganization of its business units to capitalize on the transformative growth driven by AI, from data centers to edge devices.
Micron has maintained multiple generations of industry leadership in DRAM and NAND technology and has the strongest competitive positioning in its history. Micron's industry-leading product portfolio, combined with world-class manufacturing execution enables the development of differentiated solutions for its customers across end markets. As high-performance memory and storage become increasingly vital to drive the growth of AI, this Business Unit reorganization will allow Micron to stay at the forefront of innovation in each market segment through deeper customer engagement to address the dynamic needs of the industry.
Micron will begin transitioning to this new business structure immediately. The transition will be complete early in the company's fiscal fourth quarter, which begins on May 30, 2025. Micron will report financial results under the new business structure starting with the fourth quarter of fiscal year 2025. The four business units will be:
<ul>
<li>Cloud Memory Business Unit (CMBU): Focused on memory solutions for large hyperscale cloud customers, and high-bandwidth memory (HBM) for all data center customers. Raj Narasimhan, Senior Vice President and General Manager, who has led the Compute and Networking Business Unit (CNBU), will lead CMBU.</li>
<li>Core Data Center Business Unit (CDBU): Focused on memory solutions for OEM data center customers and storage solutions for all data center customers. Jeremy Werner, Senior Vice President and General Manager, who has led the Storage Business Unit (SBU), will lead CDBU.</li>
<li>Mobile and Client Business Unit (MCBU): Focused on memory and storage solutions for mobile and client segments. Mark Montierth, Corporate Vice President and General Manager, who has led the Mobile Business Unit (MBU), will lead MCBU.</li>
<li>Automotive and Embedded Business Unit (AEBU): Focused on memory and storage solutions for the automotive, industrial and consumer segments. Kris Baxter, Corporate Vice President and General Manager, who has led the Embedded Business Unit (EBU), will lead AEBU.</li>
</ul>
All four business units will continue to report to Sumit Sadana, Executive Vice President and Chief Business Officer.

Management

Micron Technology To Complete Business Reorganization By Early Fiscal Q4 2025; To Form 4 New Business Units; Raj Narasimhan To Lead Cloud Memory Business Unit; Jeremy Werner To Lead Core Data Center Business Unit

The first-quarter <a target="_blank" href="https://www.benzinga.com/topic/semiconductors" rel="noreferrer noopener">semiconductor earnings parade</a> kicks off with ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) <a target="_blank" href="https://www.benzinga.com/25/04/44832382/nvidia-supplier-asml-beats-revenue-and-eps-estimates-euv-product-mix-performance-milestones-drive-q1-says-ceo" rel="noreferrer noopener">on Wednesday</a> and Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) on Thursday, followed by the U.S. semi and semicap peers in the following week.
For U.S. chip vendors, BofA Securities analysts Vivek Arya and Duksan Jang expect first-quarter results to beat as their original outlook was likely conservative and tariff-related pull-ins created a better demand environment.
However, the second-quarter outlook could be in line as companies could widen the guidance range.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/25/04/44841545/applied-materials-lam-research-kla-drop-amid-fresh-trade-war-fears-revenue-risk" rel="noreferrer noopener">Applied Materials, Lam Research, KLA Drop Amid Fresh Trade War Fears, Revenue Risk</a>
Regarding tariff impact, Arya and Jang expect U.S. chip companies to follow the example of early reporting companies Taiwan Semiconductor, ASML, Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), and Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>).
The analysts generically express concern on second-half demand headwinds and quantified gross margin headwinds from inflationary supply chain movements (such as Nvidia Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)) and higher U.S. sourcing.
Overall, semi-industry overhangs could persist pending clarity on new sectoral tariff rates (next several weeks), China retaliation, U.S. reciprocal tariffs, and AI diffusion rules (May 15).
On the positive side, despite some downside to estimates, valuation has become more compelling for high-quality areas in cloud/AI (Nvidia, Broadcom Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>)), design software (Cadence Design Systems, Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdns#NASDAQ">CDNS</a>), Synopsys, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>)) and semicap (Lam Research, KLA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/klac#NASDAQ">KLAC</a>)).
The analysts laid down two potential scenarios, which are modest tariff impact and dire tariff impact. Their modest scenario aligns with limited China and reciprocal tariffs, while the dire scenario implies the implementation of specific sectoral tariffs on semis/electronics (tariff rates not yet announced).
In a modest scenario, tariffs could drive roughly ~4% hit to calendar 2025 sales and ~6% hit to calendar 2026 versus current consensus, with EPS declines mostly ranging between 5%-25% (12%-13% average) inclusive of 150bps gross margin hit.
In a dire scenario, estimates could be further pushed down, with a 9% and 12% sales decline in calendar 2025 and 2026 and EPS declines mostly ranging between 15%-50% (25%-30% average) inclusive of a 500bps gross margin hit.
For revenue impact, the analysts noted companies with AI/cloud/industrial exposures to fare better in a potential tariff-induced demand downturn.
At the same time, those with consumer/auto are at greater risk. Nvidia, Lam Research, Cadence Design Systems, Synopsys, and Applied Materials, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) are among the companies with the least potential sales impact (at -1% to -6% sales impact), while Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>), ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) could fare worse (at -7% to -9% impact).
Importantly, even under the above distressed EPS scenario (dire tariffs), Nvidia, Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Synopsys, and Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) have a 30%+ potential upside to historical P/E or PEG multiple at current stock price.
In a modest tariff scenario, the EPS hits of 12%-13% (2-2.5 times sales) are well below the 30%-40% reductions the analysts have seen in prior market downturns. However, the primary concern is PE multiple compression due to enhanced market risks.
The SOX index is currently trading at ~18 times forward PE, below the broader SPX at ~20 times, though above the 12-14 times PE at prior semi-industry downturns. Notably, the SOX index has more than given up the ~20% PE premium it gained during AI-fueled stock gains in calendar 2023 and 2024.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44844097/amd-flags-800-million-risk-from-new-us-chip-export-rules-as-china-tariffs-add-pressure" target="_blank" rel="noreferrer noopener">AMD Flags $800 Million Risk From New US Chip Export Rules As China Tariffs Add Pressure</a></li>
</ul>
Photo via Shutterstock

Analyst Ratings

Tech

AMAT

ASML

AVGO

CDNS

INTC

KLAC

LRCX

MRVL

NXPI

SNPS

These Semiconductor Stocks To Face Least Tariffs Impact Compared To Intel

Shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) tumbled more than 6% on Wednesday morning trading in New York after fresh U.S. export curbs on AI chips to China rattled the market, yet some Wall Street analysts see the pullback as <a href="https://www.benzinga.com/topic/expert-ideas">a rare buying opportunity.</a>
In a note shared Wednesday, Bank of America analyst Vivek Arya said the latest H20 chip restrictions to China, while unwelcome, were largely anticipated and pose only a "manageable risk" to Nvidia's sales outlook.
The investment bank reiterated a bullish stance on Nvidia, maintaining a Buy rating and a $160 price target, which implies a 42.6% upside from Tuesday's $112.20 close.
Despite a looming $5.5 billion charge and tighter U.S. export rules, Arya believes the company's deep AI moat and new product cycle could more than offset short-term pain.
<h3 class="wp-block-heading">Why Is Nvidia Taking A $5.5 Billion Hit?</h3>
Nvidia disclosed after the close on Tuesday that it will record a $5.5 billion first-quarter charge related to inventory, purchase commitments and reserves following a new U.S. government requirement. 
The policy mandates a license to ship H20 and equivalent AI chips to China and arms-embargoed countries.
The H20 chip, a specialized version of Nvidia's powerful AI hardware tailored to bypass earlier export rules, had emerged as a critical part of its China sales strategy. Yet, with the Trump administration tightening loopholes, those sales are in jeopardy.
Arya said the charge likely reflects "a high probability of H20 restriction" and a "low probability of future licenses," suggesting Nvidia has priced in the worst-case scenario.
<h3 class="wp-block-heading">How Much Could Nvidia Lose?</h3>
Bank of America estimates the H20 ban could lead to a manageable 5%-8% drop in sales and a 6%-10% hit to pro-forma earnings per share in fiscal year 2026 (calendar 2025). 
That's based on assumptions that H20 sales make up about 6%-10% of Nvidia's China revenue, which itself accounts for roughly 14% of total company sales.
Nvidia hasn't disclosed exact figures for H20, but Arya's model projects around $12 billion in sales from the chip for fiscal 2026—well above the $8 billion consensus from data platform Visible Alpha.
While the revenue loss is significant, Arya flagged positive offsets, including accelerating U.S. AI chip demand and strong pricing for Nvidia's next-generation GB300 Blackwell Ultra chips, which are expected to launch in the second half of 2025.
<h3 class="wp-block-heading">Is The Stock Undervalued?</h3>
Despite mounting geopolitical risks, Nvidia shares have already begun to price in much of the damage. According to Arya, the stock now trades at around 20 times expected 2025 earnings, down from its historical trough of 23-25 times.
He said that implies investors are now forecasting earnings of about $4 per share, well below the consensus estimate of $4.50 to $5. Arya argues this disconnect offers a compelling entry point, especially as AI chip demand from firms like OpenAI, Google, and Amazon remains robust.
"The global demand for leading-edge AI and Nvidia's unmatched platform leadership can continue to offset regional headwinds," Arya said.
<h3 class="wp-block-heading">What About Other Chipmakers?</h3>
The new rules won't just hit Nvidia. Arya said the increased AI export restrictions are likely to weigh on other semiconductor stocks with AI exposure, including Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Coherent Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NASDAQ">COHR</a>) and Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>).
Washington may continue ratcheting up restrictions beyond China, and further controls could extend to semiconductor manufacturing equipment and design software, areas where the U.S. holds significant leverage.
Yet, despite the U.S.-China tech decoupling may be accelerating, Arya indicates the longer-term AI trend remains intact. 
"We believe AI remains the fastest growing secular growth opportunity in semis," he said, adding that recent volatility in Nvidia stock offers an &#8220;enhanced buying opportunity&#8221; rather than a reason to panic. 
Read now: 
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/04/44794083/7-chipmaker-stocks-set-to-gain-as-trump-delays-tariff-blow-on-key-china-tech-imports-bank-of-america">7 Chipmaker Stocks Set To Gain As Trump Delays Tariff Blow On Key China Tech Imports: Bank Of America</a></li>
</ul>
Image: Shutterstock

Analyst Color

Asia

Econ #s

COHR

LITE

Nvidia H20 Chip Ban Could Lead To 'Manageable' Sales Drop, Bank Of America Says

Chip stocks are sliding Wednesday after NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) announced that the U.S. government will start requiring a license to <a href="https://www.benzinga.com/news/global/25/04/44828742/nvidia-stock-is-tumbling-after-hours-heres-why">export chips to China</a>. 
What Happened: In a regulatory filing late Tuesday, Nvidia said the U.S. government contacted the company on April 9, informing the chipmaker that it will need a license to sell H20 chips to China.
The filing also states that a license will be required for any other circuits achieving the H20&#8217;s memory bandwidth, interconnect bandwidth, or a combination thereof.
Nvidia shares tumbled on the news, dragging down several other chip stocks with it. The VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) was down about 3.75% at the time of writing Wednesday morning, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Here&#8217;s a look at some of the semiconductor names moving lower on Wednesday:
<ul>
<li>Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</li>
</ul>
<ul>
<li>ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>)</li>
</ul>
<ul>
<li>Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)</li>
</ul>
<ul>
<li>Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</li>
</ul>
<ul>
<li>QUALCOMM Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>)</li>
</ul>
<ul>
<li>Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)</li>
</ul>
<ul>
<li>Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</li>
</ul>
<ul>
<li>Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)</li>
</ul>
The license requirement will be in effect for the indefinite future in an effort to address risks associated with the potential for China to use the products for a supercomputer. 
As a result of the restrictions, Nvidia said it expects its first-quarter financial results to include up to $5.5 billion of charges associated with H20 products held in inventory. 
AMD also said in a filing Wednesday morning that the new export controls on chips could result in charges of up to approximately $800 million related to inventory and purchase commitments. 
ASML, the largest supplier of chipmaking equipment, reported <a href="https://www.benzinga.com/25/04/44833646/from-parts-to-profits-tariffs-have-a-4x-hit-on-asmls-bottom-line-says-cfo">first-quarter results</a> before the market open on Wednesday. The company warned that tariffs have increased uncertainty surrounding the company&#8217;s outlook, which may be adding to the weakness across the board. 
&#8220;Our conversations so far with customers support our expectation that 2025 and 2026 will be growth years. However, the recent tariff announcements have increased uncertainty in the macro environment and the situation will remain dynamic for a while,&#8221; ASML CEO Christophe Fouquet said.
BofA Securities <a href="https://www.benzinga.com/analyst-stock-ratings">cut price targets</a> on several semiconductor names Wednesday morning due to potential impacts of tariffs. 
The new chip license requirement is the latest in an intensifying <a href="https://www.benzinga.com/markets/25/04/44806095/as-xi-jinping-urges-vietnam-to-stand-against-unilateral-bullying-trump-labels-the-meeting-a-plan-to-screw-the-united-states-of-america" target="_blank" rel="noreferrer noopener">trade war with China</a>. The Trump administration paused reciprocal tariffs for most countries last week, but ramped up tariffs on China. China responded with 125% retaliatory tariffs on American goods over the weekend.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44830391/us-stock-futures-nikkei-slip-amid-fresh-nvidia-headwinds-dollar-continues-to-lose-steam">US Stock Futures, Nikkei Slip Amid Fresh Nvidia Headwinds: Dollar Continues To Lose Steam</a></li>
</ul>
Photo: <a href="https://www.shutterstock.com/g/yakobchuk">AKOBCHUK V</a>/Shutterstock.

Global

Movers

QCOM

Chip Stocks Are Facing Selling Pressure Wednesday: Here's Why

WIIM

ALGM

AMKR

AOSL

CAMT

CRDO

ENTG

FORM

LSCC

MCHP

MKSI

MPWR

ONTO

RGTI

SITM

SMTC

Shares of chip stocks are trading lower after NVIDIA said it was recently informed by the US government that it will need a license to export chips to China. Additionally, warned that tariffs have increased uncertainty surrounding the company's outlook, which may be adding to the weakness across the board.

Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares are moving higher on Monday after President Donald Trump and his administration announced that electronics are exempt from the 145% reciprocal tariffs <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44787080/goldman-sachs-cheers-china-tariff-exemptions-lifts-earnings-forecasts-for-apple-dell-hp">on Chinese goods.</a>
What To Know: According to the <a href="https://nypost.com/2025/04/14/business/tech-stocks-jump-after-trump-pauses-tariffs-on-electronics/?utm_source=chatgpt.com">New York Post</a>, electronics include items like smartphones and laptops along with semiconductors. The announcement boosted Micron and other American tech stocks as it eases investor concerns about potential cost increases and slowing demand.
Companies like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Dell Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) are also moving higher following the news. 
American tech firms often rely on components sourced from China, which could have become significantly more expensive under the proposed tariffs. Higher production costs could have led to price hikes for consumers, potentially reducing demand for electronics overall. 
Micron's business relies on steady demand for devices that use its chips, so avoiding tariffs that could weaken consumer spending is largely seen as a positive for the company.
The tariff relief for electronics may be short-lived. Commerce Secretary Howard Lutnick said Sunday the Trump administration is planning new tariffs targeting semiconductors and other tech parts. 
Trump emphasized in a social media post that "NOBODY is getting ‘off the hook' on tariffs," adding that even if certain products are exempt under one policy, "they'll be covered under another."
Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44797563/goldman-sachs-sees-upside-in-retail-giants-dollar-tree-home-depot-best-buy-and-target-despite-tariff-margin-pressures">Goldman Sachs Sees Upside In Retail Giants Dollar Tree, Home Depot, Best Buy And Target Despite Tariff, Margin Pressures</a>
MU Price Action: At the time of writing, Micron shares are trading 2.02% higher at $71.57, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro.</a>
Image: via Shutterstock

DELL

What's Going On With Micron Technology Stock Monday?

A temporary delay in new U.S. tariffs on tech imports from China sparked <a href="https://www.benzinga.com/topic/semiconductors">a broad semiconductor rally</a>.
What Happened: The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) jumped 2.5% by 9:40 a.m. ET Monday, extending its rally to 19% from last week's lows.
Monday&#8217;s top individual gainers within the SOXX ETF included:
<ul>
<li>Entegris Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NASDAQ">ENTG</a>) surged 6.7% to $74.37</li>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) rose 6.1% to $20.95</li>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) gained 5.8% to $73.56</li>
<li>Qorvo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) added 5.1% to $59.16</li>
<li>MKS Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKSI#NASDAQ">MKSI</a>) climbed 4.2% to $68.25</li>
<li>Universal Display Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLED#NASDAQ">OLED</a>) rose 3.8% to $117.02</li>
<li>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) advanced 3.7% to $153.01</li>
</ul>
In a research note published on Monday, Bank of America analyst Vivek Arya called the one-to-two-month delay on electronics tariffs &#8220;incrementally positive.&#8221; The delay, which allows industry debate before the White House finalizes so-called &#8220;sectoral&#8221; tariffs targeting semiconductors, was enough to trigger <a href="https://www.benzinga.com/topic/chipmakers">sharp gains in chip stocks</a>.
Sentiment also improved following the U.S. Customs and Border Protection's decision Friday to exclude several electronic categories—such as smartphones and PCs—from immediate reciprocal tariffs.
"The delay is a net positive," Arya said, citing how electronics represent roughly 50% of global chip demand. 
"It allows for debate and discussion on this critical end-market,&#8221; he added. 
Arya noted that Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), the world's largest semiconductor buyer, was also excluded from tariff pressure during Trump&#8217;s first term.
Arya reaffirmed a bullish stance on chipmakers with exposure to artificial intelligence and reshoring themes, including Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>).
Cadence Design Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) and Synopsys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) remain his key preferences among chip-design software firms.
For semiconductor capital equipment—a group seen as direct beneficiaries of U.S. manufacturing—Arya highlighted Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) and KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>).
The analyst also noted a potential tailwind from increased domestic production efforts. Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)&#8217;s $195 billion U.S. investments, Apple's $500 billion pledge and Nvidia's $200 billion U.S. expansion could all influence the shaping of final tariff rules.
"We expect over time for TSMC to front-end process most—if not all—semis required by its U.S. fabless customers within its Arizona fabs," Arya said, adding that a potential Intel-TSMC joint venture could further boost domestic chip output.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44788262/apples-margins-catch-a-break-but-road-ahead-still-looks-bumpy">Apple&#8217;s Margins Catch A Break, But Road Ahead Still Looks Bumpy</a>
Why It Matters: Despite Monday's rally, Arya maintained a cautious view on chipmakers heavily exposed to consumer-facing segments like smartphones and PCs. 
After all, President Donald Trump clarified Sunday that electronics aren&#8217;t fully exempt. They will instead be folded into a separate sector-focused tariff plan to be announced in the coming months. 
Therefore, it&#8217;s unclear how sectoral tariffs will apply to U.S. electronics assembled in China using foreign-made chips.
"Semis remain a high beta sector and exposed to volatility," Arya said. However, he expects companies tied to AI and infrastructure to remain well-positioned to deliver on earnings expectations.
One risk Arya flagged is the upcoming May 15 compliance deadline for new U.S. rules governing the export of AI chips, which could limit shipments outside a small group of 19 &#8220;Tier 1&#8221; nations.
Still, with the delay in electronics tariffs offering space for negotiation, investors appear to be betting that the worst-case trade scenarios for U.S. chipmakers could be avoided, at least for now.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44787080/goldman-sachs-cheers-china-tariff-exemptions-lifts-earnings-forecasts-for-apple-dell-hp">Goldman Sachs Cheers China Tariff Exemptions, Lifts Earnings Forecasts For Apple, Dell, HP</a></li>
</ul>
Image: Shutterstock

Equities

Large Cap

Mid Cap

Broad U.S. Equity ETFs

ETFs

OLED

QRVO

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

7 Chipmaker Stocks Set To Gain As Trump Delays Tariff Blow On Key China Tech Imports: Bank Of America

On Sunday, U.S. President Donald Trump <a target="_blank" href="https://www.benzinga.com/topic/chip-stocks" rel="noreferrer noopener">shared plans to</a> impose tariffs on imported semiconductors over the coming weeks. However, he promised flexibility with some companies in the sector.
Trump stressed the country&#8217;s focus on domestic production of chips and semiconductors, Reuters reports.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/25/04/44751749/dell-cuts-discounts-as-tariffs-hit-passes-rising-cost-to-us-shoppers-bloomberg" rel="noreferrer noopener">Dell Cuts Discounts As Tariffs Hit, Passes Rising Cost To US Shoppers: Bloomberg</a>
Semiconductor stocks, including Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), and Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), are trading higher on Monday.
Trump excluded smartphones and computers from his 145% reciprocal tariffs on China. On Sunday, He Also announced a national security trade probe into the semiconductor sector.
On Friday, Trump announced the exclusions from&nbsp;steep reciprocal tariffs, igniting tariff relief expectations for products like phones and laptops.
However, on Sunday, Trump&#8217;s commerce secretary, Howard Lutnick, clarified that critical technology products from China would face separate new duties along with semiconductors within the next two months.
The benchmark Standard &amp; Poor&#8217;s 500 index&nbsp;has lost over 10% in value since Trump took office on January 20. Additionally, the tariffs could affect the demand-supply balance by making products dearer, thereby affecting companies&#8217; revenue and profit margins.
The tech sector is already reeling from concerns over the sustainability of the massive artificial intelligence technology investments.
Trump&nbsp;<a target="_blank" href="https://www.benzinga.com/25/04/44584283/trump-sets-up-investment-accelerator-for-chips-act-management-heres-a-list-of-beneficiaries-that-could-be-impacted" rel="noreferrer noopener">also established a</a> new body within the Commerce Department to manage the CHIPS and Science Act of 2022, which will benefit beneficiaries like Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Intel, Micron, and more.
<a target="_blank" href="https://www.benzinga.com/25/04/44770461/intel-on-slump-as-china-hits-us-made-chips-with-tariffs-amd-and-taiwan-semiconductor-rise-on-exemption-boost" rel="noreferrer noopener">Beijing on Friday</a> retaliated against the 145% U.S. tariff duties by increasing its tariffs on U.S. imports to 125%.
Semiconductor ETFs VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) have lost 18%-21% in value year-to-date.
Price Action: NVDA stock is trading higher by 3.13% to $114.40 premarket at the last check on Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/upgrades/25/04/44751387/apple-analyst-slashes-price-forecast-on-weak-iphone-demand-ai-revenue-despite-less-tariff-risk" target="_blank" rel="noreferrer noopener">Apple Analyst Slashes Price Forecast On Weak iPhone Demand, AI Revenue Despite Less Tariff Risk</a></li>
</ul>
Photo via Shutterstock

Government

Regulations

Media

Why Are Semiconductor Stocks Trading Higher On Monday?

LOGI

PSTG

SMCI

Shares of semiconductor, electronics and hardware stocks are trading higher after the Trump administration excluded a range of technology products, including consumer electronics from the 145% reciprocal tariffs bucket.

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener"> many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.
President Donald Trump's hold on global tariffs but imposition of a 145% levy on Chinese imports led to significant market volatility and eroding confidence in the dollar and Treasuries this week. The 30-year Treasury yield briefly reached 5%, indicating the return of bond vigilantes — investors selling bonds in reaction to policy decisions.
Despite the turmoil, certain stocks have outperformed. For instance, Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) have shown resilience amid the market's fluctuations, demonstrating robust fundamentals and strategic positioning that appeal to investors even during uncertain times.
Overall, while the broader market faces challenges from escalating trade tensions and policy uncertainties, select companies continue to thrive, highlighting the importance of strategic agility and strong fundamentals in navigating volatile economic landscapes.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.
The Bulls
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44696168/apple-is-a-buying-opportunity-again-as-key-valuation-level-flashes-green-bank-of-america-says">"Apple Is A ‘Buying Opportunity' Again As Key Valuation Level Flashes Green, Bank Of America Says"</a>, by Piero Cingari, reports that Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares have dropped 17% since April 2, more than double the S&amp;P 500's decline in the same period, and Bank of America analyst Wamsi Mohan views this as a buying opportunity, citing historical data showing average gains of 17% one year after Apple's P/E ratio compresses under 25x.
<a href="https://www.benzinga.com/news/buybacks/25/04/44674899/broadcom-stock-jumps-on-10-billion-buyback-authorization">"Broadcom Stock Jumps On $10 Billion Buyback Authorization"</a>, by Adam Eckert, reports that Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) shares rose after the company authorized a $10 billion share repurchase program through the end of 2025, reflecting confidence in its semiconductor and infrastructure software businesses.
<a href="https://www.benzinga.com/25/04/44683383/marvell-plays-ai-hardball-divestiture-sparks-155-upside-says-analyst">"Marvell Plays AI Hardball: Divestiture Sparks 155% Upside, Says Analyst"</a>, by Surbhi Jain, reports that Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) sold its automotive Ethernet business to Infineon Technologies AG for $2.5 billion, prompting JPMorgan analyst Harlan Sur to reaffirm an Overweight rating and set a $130 price target — implying a 155% upside — as the company intensifies its focus on AI and cloud data center growth.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/news/earnings/25/04/44701164/aehr-test-systems-stock-climbs-after-q3-results-details">Aehr Test Systems Stock Climbs After Q3 Results: Details</a>
<a href="https://www.benzinga.com/government/regulations/25/04/44752313/health-care-technology-stocks-surge-after-fda-announces-plans-to-phase-out-animal-testing-requirements">Health Care Technology Stocks Surge After FDA Announces Plans To Phase Out Animal Testing Requirements</a>
<a href="https://www.benzinga.com/news/large-cap/25/04/44725578/technology-stocks-outperform-after-trumps-tariff-pause-microchip-technology-amd-lead-sector-higher">Technology Stocks Outperform After Trump's Tariff Pause: Microchip Technology, AMD Lead Sector Higher</a>
The Bears
<a href="https://www.benzinga.com/news/global/25/04/44741043/nike-stock-tumbles-as-us-china-trade-war-intensifies-what-you-need-to-know">"Nike Stock Tumbles As US-China Trade War Intensifies: What You Need To Know"</a>, by Adam Eckert, reports that Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) shares fell 10.3% to $53.18 amid escalating U.S.-China trade tensions, as the company's reliance on imports from China, Vietnam, and Indonesia exposes it to new tariffs, including a 145% rate on Chinese goods.
<a href="https://www.benzinga.com/news/global/25/04/44725016/us-steel-stock-tumbles-as-trump-says-we-dont-want-to-see-it-go-to-japan">"US Steel Stock Tumbles As Trump Says ‘We Don't Want To See It Go To Japan'"</a>, by Adam Eckert, reports that United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) shares fell over 11% in after-hours trading after Trump expressed opposition to the company's acquisition by Nippon Steel, stating, "We don't want to see it go to Japan."
<a href="https://www.benzinga.com/25/04/44684590/microns-meltdown-tariff-surcharge-adds-salt-to-the-stocks-slide">"Micron's Meltdown: Tariff Surcharge Adds Salt To The Stock's Slide"</a>, by Surbhi Jain, reports that Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares plunged over 22% in five trading days as the company imposed a tariff-related surcharge on U.S. customers, exacerbating bearish technical signals with the stock trading below key moving averages and nearing oversold RSI levels.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/trading-ideas/technicals/25/04/44695368/death-cross-alert-alphabet-stock-drops-the-signal-bears-pick-it-up">Death Cross Alert: Alphabet Stock Drops The Signal, Bears Pick It Up</a>
<a href="https://www.benzinga.com/25/04/44715119/pfizer-stock-is-sliding-wednesday-whats-going-on">Pfizer Stock Is Sliding Wednesday: What's Going On?</a>
<a href="https://www.benzinga.com/25/04/44748974/death-cross-meets-tax-threat-tsms-chip-dip-has-more-than-just-technicals-to-blame">TSMC Triggers Death Cross As Trump Tariff Threats Add To Investor Concerns</a>
Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.
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Benzinga Bulls And Bears: Apple, Nike, US Steel — And The Markets Ride Out Ongoing Volatility

Citigroup analyst Christopher Danely maintains Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) with a Buy and lowers the price target from $120 to $110.

Price Target

Citigroup Maintains Buy on Micron Technology, Lowers Price Target to $110

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>04/11/25</td>
<td>$105.00</td>
<td>$30.1K</td>
<td>44.2K</td>
<td>15.6K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$300.00</td>
<td>$42.0K</td>
<td>4.5K</td>
<td>7.5K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$94.00</td>
<td>$28.5K</td>
<td>2.9K</td>
<td>7.4K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$380.00</td>
<td>$42.0K</td>
<td>12.3K</td>
<td>3.7K</td>
</tr>
<tr>
<td>MCHP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/11/25</td>
<td>$37.00</td>
<td>$65.0K</td>
<td>44</td>
<td>2.0K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$72.00</td>
<td>$45.6K</td>
<td>1.9K</td>
<td>1.5K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$8.00</td>
<td>$33.1K</td>
<td>3.8K</td>
<td>1.4K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$170.00</td>
<td>$77.4K</td>
<td>12.2K</td>
<td>1.4K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$130.00</td>
<td>$99.0K</td>
<td>5.8K</td>
<td>695</td>
</tr>
<tr>
<td>CRWD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$360.00</td>
<td>$80.9K</td>
<td>454</td>
<td>594</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, is expiring today. Parties traded 67 contract(s) at a $105.00 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 $30.1K, with a price of $450.0 per contract. There were 44249 open contracts at this strike prior to today, and today 15631 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 call option trade that happens to be bullish, expiring in 6 day(s) on April 17, 2025. This event was a transfer of 30 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $42.0K, with a price of $1400.0 per contract. There were 4504 open contracts at this strike prior to today, and today 7581 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 bullish sentiment. It expires in 6 day(s) on April 17, 2025. Parties traded 101 contract(s) at a $94.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $28.5K, with a price of $282.0 per contract. There were 2925 open contracts at this strike prior to today, and today 7407 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 sweep with bullish sentiment. It expires in 6 day(s) on April 17, 2025. Parties traded 35 contract(s) at a $380.00 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 $42.0K, with a price of $1200.0 per contract. There were 12301 open contracts at this strike prior to today, and today 3732 contract(s) were bought and sold. 
• For MCHP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 1000 contract(s) at a $37.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $65.0K, with a price of $65.0 per contract. There were 44 open contracts at this strike prior to today, and today 2032 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 bearish sentiment. It expires in 6 day(s) on April 17, 2025. Parties traded 300 contract(s) at a $72.00 strike. The total cost received by the writing party (or parties) was $45.6K, with a price of $152.0 per contract. There were 1914 open contracts at this strike prior to today, and today 1502 contract(s) were bought and sold. 
• For CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we notice a call option sweep that happens to be neutral, expiring in 70 day(s) on June 20, 2025. This event was a transfer of 300 contract(s) at a $8.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $33.1K, with a price of $109.0 per contract. There were 3821 open contracts at this strike prior to today, and today 1450 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 put option sweep that happens to be bullish, expiring in 70 day(s) on June 20, 2025. This event was a transfer of 126 contract(s) at a $170.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $77.4K, with a price of $615.0 per contract. There were 12206 open contracts at this strike prior to today, and today 1403 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a put option sweep that happens to be bearish, expiring in 35 day(s) on May 16, 2025. This event was a transfer of 500 contract(s) at a $130.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $99.0K, with a price of $198.0 per contract. There were 5883 open contracts at this strike prior to today, and today 695 contract(s) were bought and sold. 
• For CRWD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), we notice a put option sweep that happens to be bearish, expiring in 126 day(s) on August 15, 2025. This event was a transfer of 21 contract(s) at a $360.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $80.9K, with a price of $3861.0 per contract. There were 454 open contracts at this strike prior to today, and today 594 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.

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Comments

Micron Technology

Unusual Options Activity for

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
01:50 PMMar 24, 2025	PUT	$90.00	Jan 16, 2026	272	754	750	9	8245	TRADE	BEARISH
10:42 AMMar 24, 2025	PUT	$77.50	Dec 19, 2025	244	1500	1500	73	2056	TRADE	NEUTRAL
10:07 AMMar 24, 2025	CALL	$90.00	May 16, 2025	27	1034	500	51	2025	SWEEP	BULLISH
09:41 AMMar 24, 2025	CALL	$100.00	Apr 17, 2025	-2	3331	2320	21	15633	SWEEP	BULLISH
09:36 AMMar 21, 2025	PUT	$102.00	Mar 21, 2025	-29	1954	800	29	6777	TRADE	BULLISH
10:58 AMMar 20, 2025	CALL	$90.00	Apr 17, 2025	-2	111	321	1	8750	SWEEP	BULLISH
12:28 PMMar 19, 2025	CALL	$110.00	Dec 19, 2025	244	848	435	57	1495	SWEEP	BULLISH
11:18 AMMar 19, 2025	CALL	$110.00	Apr 17, 2025	-2	360	1400	3	13312	TRADE	BEARISH
09:37 AMMar 19, 2025	CALL	$70.00	Mar 21, 2025	-29	250	250	42	601	SWEEP	NEUTRAL
03:02 PMMar 17, 2025	CALL	$100.00	Sep 19, 2025	153	1011	1000	50	2038	SWEEP	BULLISH