Advanced Micro Devices Option Alert: Jun 20 $125 Calls Sweep (5) near the Bid: 1661 vs 8656 OI

Advanced Micro Devices Option Alert: Jun 20 $125 Calls Sweep (5) near the Bid: 1661 @ $7.114 vs 8656 OI; Ref=$113.8301

Advanced Micro Devices Option Alert: Jan 16 $125 Calls at the Bid: 1000 vs 5083 OI

Advanced Micro Devices Option Alert: Jan 16 $125 Calls at the Bid: 1000 @ $16.12 vs 5083 OI; Ref=$113.695

Advanced Micro Devices Option Alert: Dec 19 $135 Calls at the Ask: 500 vs 3345 OI

Advanced Micro Devices Option Alert: Dec 19 $135 Calls at the Ask: 500 @ $12.0 vs 3345 OI; Ref=$113.76

Advanced Micro Devices Option Alert: Sep 19 $115 Puts Sweep (6) near the midpoint: 718 vs 4779 OI

Advanced Micro Devices Option Alert: Sep 19 $115 Puts Sweep (6) near the midpoint: 718 @ $13.65 vs 4779 OI; Ref=$113.98

Advanced Micro Devices Option Alert: Feb 21 $170 Puts at the Bid: 2750 vs 115 OI

Advanced Micro Devices Option Alert: Feb 21 $170 Puts at the Bid: 2750 @ $57.2 vs 115 OI; Ref=$112.63

Advanced Micro Devices Option Alert: Jan, 2026 $125 Calls at the Bid: 1250 vs 4111 OI

Advanced Micro Devices Option Alert: Jan, 2026 $125 Calls at the Bid: 1250 @ $16.05 vs 4111 OI; Ref=$112.7511

Advanced Micro Devices Option Alert: Feb 21 $112 Calls Sweep (34) near the Ask: 2816 vs 4719 OI

Advanced Micro Devices Option Alert: Feb 21 $112 Calls Sweep (34) near the Ask: 2816 @ $3.151 vs 4719 OI; Ref=$113.62

Advanced Micro Devices Option Alert: Feb 21 $105 Calls at the Ask: 3876 vs 11790 OI

Advanced Micro Devices Option Alert: Feb 21 $105 Calls at the Ask: 3876 @ $8.35 vs 11790 OI; Ref=$113.09

Advanced Micro Devices Option Alert: Jan, 2026 $190 Puts at the Bid: 150 vs 1338 OI

Advanced Micro Devices Option Alert: Jan, 2026 $190 Puts at the Bid: 150 @ $78.1 vs 1338 OI; Ref=$111.475

Advanced Micro Devices 주식 (NASDAQ: AMD)

Advanced Micro Devices (NASDAQ:AMD) 주식

Advanced Micro Devices

Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers, industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox. In 2022, the firm acquired field-programmable gate array leader Xilinx to diversify its business and augment its opportunities in key end markets such as data center and automotive.

Advanced Micro Devices, Inc.

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반도체 섹터가 변화의 바람을 맞이하고 있고, JP모건의 할란 서(Harlan Sur)는 이를 명확히 전달하고 있다. &#34;결과는 예상에 부합하겠지만, 관세/무역 관련 역학이 약한 2분기/하반기 25와 부정적인 이익 수정 사이클을 이끌 것&#34;이라고 말했다. 이는 월스트리트에서의 &#39;준비하라&#39;는 의미로, 상황이 험난해질 것이라는 예고이다.

브로드컴, 마벨, 시놉시스: 다가오는 폭풍 속에 부서지지 않을 칩 기업들

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CNN 머니 공포·탐욕 지수는 수요일(16일) &#39;극도의 공포&#39; 영역에 머물렀지만 전반적인 공포 수준이 더 상승한 것으로 나타났다.수요일 미국 증시는 제롬 파월 연준 의장이 관세 인상을 인플레이션 상승 및 성장 둔화와 연결시키면서 연준이 시장 손실을 완화할 의사가 없음을 분명히 한 후 다우존스 지수가 장중 약 700포인트 하락하는 등 하락세로 마감했다.

엔비디아·AMD 급락으로 나스닥 3% 하락: 탐욕 지수는 &#39;극도의 공포&#39; 영역 유지

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새로운 제한 조치는 DRAM 대역폭이 초당 1,400기가바이트 이상이거나 I/O 대역폭이 초당 1,100기가바이트인 칩에 적용된다고 파이낸셜타임스가 보도했다. 인텔의 가우디(Gaudi) 시리즈는 엔비디아 H20 프로세서와 유사하며, 이러한 기준을 초과하기 때문에 새로운 규제의 영향을 받게 된다.

지난 1년간 주가 47% 하락한 인텔, 미중 무역 긴장 속 엔비디아와 함께 중국 AI 칩 수출 규제 직면

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Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has gone from being an <a href="https://www.benzinga.com/topic/artificial-intelligence">AI crown jewel</a> to a geopolitical chess piece. And, it looks like Wall Street just got a front-row seat to a high-stakes poker game between Washington and Beijing.
After weeks of tension, the first real blow in the U.S.-China tech trade war has landed: the White House is blocking Nvidia's H20 chip sales to China. "This week were the first shots fired in the trade war in the tech world," said Wedbush analyst Dan Ives.
With 145% reciprocal tariffs in play, and tech still awaiting Section 232 hits &#8211; Nvidia is now "caught in the eye of this Category 5 storm," said Ives. While the financial damage may be manageable for now, the strategic signal is deafening. America's most prized chipmaker just got walled off from the world's second-largest economy. "Nvidia is one of the most important pieces in this chess game with China&#8230;and restricting its H20 chips is an important move that will clearly spark more actions from Beijing."
Read Also: <a href="https://www.benzinga.com/25/04/44882893/billionaire-peter-hargreaves-backed-fund-offloads-stake-in-meta-microsoft-amid-global-economic-woes">Billionaire Peter Hargreaves-Backed Fund Offloads Stake In Meta, Microsoft Amid Global Economic Woes</a>
Meanwhile, CEO Jensen Huang is reportedly in China &#8211; an eyebrow-raising detail amid rising tensions. As Ives puts it, "the Street waits for the next poker move."
While Nvidia's dominance in AI remains unchallenged, the short-term turbulence is real. The market is already "baking in a 7%-10% (or more) cut to 2025 numbers across the board," Ives says. The upcoming June quarter? A mulligan, with "minimal/no guidance expected during this earnings season."
Adding fuel to the fire: Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and others are now seeing similar restrictions, a trend that's been brewing since the Biden administration but is now front and center in Trump's trade war redux. Ives doesn't mince words: "The Trump Administration knows there is one chip and company fueling the AI Revolution and it's Nvidia… and put a ‘Do Not Enter' sign in front of China."
Nvidia remains the ace in America's AI hand &#8211; but right now, it's being played in a global poker game, not an earnings report.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44883683/xi-jinpings-minister-urges-nvidia-us-firms-to-invest-more-in-china-during-meeting-with-jensen-huang-despite-chip-export-curbs">Xi Jinping&#8217;s Minister Urges Nvidia, US Firms To Invest More In China During Meeting With Jensen Huang, Despite Chip Export Curbs</a></li>
</ul>
Image: Shutterstock/gguy

Long Ideas

Nvidia's 'Do Not Enter' Sign: Caught In A Category 5 Tariff Storm

Chinese Vice Premier&nbsp;He Lifeng&nbsp;has extended an invitation to U.S. enterprises, including&nbsp;Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), to enhance their footprint in the Chinese market.
What Happened: During a meeting with Nvidia&#8217;s CEO&nbsp;Jensen Huang&nbsp;in Beijing, He Lifeng,&nbsp;also a member of the&nbsp;Political Bureau of the Communist&nbsp;Party of China Central Committee,&nbsp;highlighted the immense investment and consumption potential of the Chinese market, as per a&nbsp;state media agency <a href="https://english.www.gov.cn/news/202504/17/content_WS68010c29c6d0868f4e8f1d40.html">Xinhua </a>on Friday.
He Lifeng highlighted that China&#8217;s ongoing industrial transformation and upgrade create an ideal environment for the new wave of technological and industrial advancements. He also emphasized that China has long been a promising destination for foreign-funded enterprises to invest and engage in trade.
He Lifeng urged U.S.-funded companies, including Nvidia, to focus more on the Chinese market and fully leverage their industrial strengths and capabilities in China, thereby gaining an advantage in global competition.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/25/04/44816385/joe-rogan-says-ross-perot-was-right-american-manufacturing-collapsed-because-greedy-executives-sent-jobs-ove" target="_blank" rel="noreferrer noopener">Joe Rogan Says Ross Perot Was Right: &#8216;American Manufacturing Collapsed&#8217; Because &#8216;Greedy&#8217; Executives Sent Jobs Overseas</a>
Why It Matters: This invitation comes at a crucial time when the U.S. has <a href="https://www.benzinga.com/markets/25/04/44858727/jensen-huang-in-china-for-talks-as-us-tightens-nvidia-chip-restrictions-report">tightened restrictions </a>on Nvidia&#8217;s chip sales to China. Nvidia&#8217;s CEO Jensen Huang was in Beijing for discussions with Xi Jinping&#8216;s officials and tech leaders about the implications of the U.S.&#8217;s decision to impose further restrictions on its sales in the country.
The Nvidia CEO expressed confidence in China&#8217;s economic outlook and reiterated Nvidia&#8217;s commitment to expanding its presence in the Chinese market, as per the Chinese government. He also emphasized the company&#8217;s intention to actively contribute to fostering economic and trade cooperation between the United States and China.
Interestingly, this week, Nvidia revealed plans to establish AI servers in the U.S. valued at <a href="https://www.benzinga.com/25/04/44799936/nvidia-to-build-500b-ai-infrastructure-in-us-in-the-next-four-years-details">up to $500 billion</a>. President Donald Trump later asserted that his re-election was the driving force behind Nvidia&#8217;s decision.
Gary Ng, senior economist at Natixis, shared with the BBC that the latest developments indicate global technology is becoming more polarized between &#8220;two systems,&#8221; one led by the US and the other by China. &#8220;Tech will be less global in that sense, and it will be subject to more restrictions,&#8221; stated the senior economist.
Meanwhile, Nvidia stock dropped 6.66% over the past five days, while Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) lost 3.79% during the same period. 
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/global/25/04/44860334/china-cuts-us-oil-purchases-by-90-boosts-imports-from-canada-to-new-heights" target="_blank" rel="noreferrer noopener">China Slashes US Oil Imports By 90% Amid Trump Tariffs, Turns To Canada Instead</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Xi Jinping's Minister Urges Nvidia, US Firms To Invest More In China During Meeting With Jensen Huang, Despite Chip Export Curbs

Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) shares are trading lower by 10.4% to $87.07 since Monday&#8217;s open. The stock is pressured by new U.S. government restrictions on AI chip exports to China and select regions. 
What To Know: The Trump administration's latest controls <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44868970/nvidia-amd-take-a-17-billion-hit-in-the-ai-arms-race-while-broadcom-remains-shielded-says-analyst">now require licenses</a> for AMD's MI308 processors to be sold in China, Hong Kong, Macau and several countries under the D:5 designation. In response, AMD recorded an $800 million inventory charge and is bracing for a <a href="https://www.benzinga.com/news/25/04/44873175/whats-going-on-with-nvidia-stock-4">$1.5–$1.8 billion revenue hit</a>—roughly 10% of its expected 2025 data center sales.
The new export rules are part of a broader tightening of AI technology flows to China amid national security concerns. While Chinese demand for AI infrastructure remains high, analysts expect local firms to accelerate their shift to domestic chip solutions like Huawei's Ascend or custom-built ASICs.
Read Also: <a href="https://www.benzinga.com/news/25/04/44873175/whats-going-on-with-nvidia-stock-4">What&#8217;s Going On With Nvidia Stock?</a>
Though <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44868970/nvidia-amd-take-a-17-billion-hit-in-the-ai-arms-race-while-broadcom-remains-shielded-says-analyst">analysts</a> have shown some optimism, the impact of export rules and controls could be felt across the full year, not just in the short term, adding pressure to AMD's competitive positioning against NVIDIA and other peers in the AI chip space. 
As custom AI chips remain exempt from the new rules, companies offering bespoke silicon <a href="https://www.benzinga.com/25/04/44861917/broadcom-marvell-synopsys-the-chips-that-might-not-crumble-in-the-coming-storm">may gain ground</a> while AMD faces ongoing headwinds.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44873779/wall-street-rebounds-eli-lilly-rallies-unitedhealth-group-plummets-whats-driving-markets-thursday">Wall Street Rebounds, Eli Lilly Rallies, UnitedHealth Group Plummets: What&#8217;s Driving Markets Thursday?</a>
<h2 class="wp-block-heading">How To Buy AMD Stock</h2>
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 Advanced Micro Devices&#8217; 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.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, AMD has a 52-week high of $187.28 and a 52-week low of $76.48.

What's Going On With AMD Stock?

Deep-pocketed investors have adopted a bullish approach towards Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</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 AMD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 73 extraordinary options activities for Advanced Micro Devices. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 57% leaning bullish and 30% bearish. Among these notable options, 45 are puts, totaling $3,121,011, and 28 are calls, amounting to $1,915,075.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $260.0 for Advanced Micro Devices during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Advanced Micro Devices'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 Advanced Micro Devices's whale activity within a strike price range from $60.0 to $260.0 in the last 30 days. 
<h3>Advanced Micro Devices Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744916458_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/25/25</td>
<td>$2.46</td>
<td>$2.43</td>
<td>$2.45</td>
<td>$87.00</td>
<td>$502.2K</td>
<td>1.1K</td>
<td>4.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/17/27</td>
<td>$29.6</td>
<td>$29.25</td>
<td>$29.4</td>
<td>$100.00</td>
<td>$441.0K</td>
<td>824</td>
<td>167</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$10.5</td>
<td>$10.4</td>
<td>$10.45</td>
<td>$85.00</td>
<td>$209.0K</td>
<td>11.1K</td>
<td>955</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$3.85</td>
<td>$3.75</td>
<td>$3.8</td>
<td>$110.00</td>
<td>$155.4K</td>
<td>2.6K</td>
<td>1.2K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$4.85</td>
<td>$4.85</td>
<td>$4.85</td>
<td>$70.00</td>
<td>$130.4K</td>
<td>5.8K</td>
<td>413</td>
</tr>
</tbody>
</table>

<h3>About Advanced Micro Devices</h3>
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers, industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox. In 2022, the firm acquired field-programmable gate array leader Xilinx to diversify its business and augment its opportunities in key end markets such as data center and automotive.
After a thorough review of the options trading surrounding Advanced Micro Devices, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Advanced Micro Devices Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 25,325,341, with AMD's price down by -0.68%, positioned at $87.69.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 19 days.</li>
</ul>
<h3>What The Experts Say On Advanced Micro Devices</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 $124.2.
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&#x2A; An analyst from Citigroup has decided to maintain their Neutral rating on Advanced Micro Devices, which currently sits at a price target of $100. 
&#x2A; An analyst from Jefferies has revised its rating downward to Hold, adjusting the price target to $120. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Advanced Micro Devices with a target price of $120. 
&#x2A; Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Advanced Micro Devices with a target price of $126. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Advanced Micro Devices, targeting a price of $155. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Advanced Micro Devices options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

Advanced Micro Devices's Options Frenzy: What You Need to Know

Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) underwent analysis by 21 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">6</td>
<td align="right">9</td>
<td align="right">6</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">4</td>
<td align="right">6</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $147.19, a high estimate of $250.00, and a low estimate of $100.00. This current average represents a 11.86% decrease from the previous average price target of $167.00. 
<img src="https://www.benzinga.com/files/images/story/2025/1744916435_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Advanced Micro Devices among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
&#x7C; Analyst &#x7C; Analyst Firm &#x7C; Action Taken &#x7C; Rating &#x7C;Current Price Target&#x7C; Prior Price Target &#x7C; 
&#x7C;--------------------&#x7C;--------------------&#x7C;---------------&#x7C;---------------&#x7C;--------------------&#x7C;--------------------&#x7C; 
&#x7C;Timothy Arcuri &#x7C;UBS &#x7C;Lowers &#x7C;Buy &#x7C; $155.00&#x7C;$175.00 &#x7C; 
&#x7C;Aaron Rakers &#x7C;Wells Fargo &#x7C;Lowers &#x7C;Overweight &#x7C; $120.00&#x7C;$140.00 &#x7C; 
&#x7C;Mark Lipacis &#x7C;Evercore ISI Group &#x7C;Lowers &#x7C;Outperform &#x7C; $126.00&#x7C;$147.00 &#x7C; 
&#x7C;Christopher Danely &#x7C;Citigroup &#x7C;Lowers &#x7C;Neutral &#x7C; $100.00&#x7C;$110.00 &#x7C; 
&#x7C;Blayne Curtis &#x7C;Jefferies &#x7C;Lowers &#x7C;Hold &#x7C; $120.00&#x7C;$135.00 &#x7C; 
&#x7C;Vijay Rakesh &#x7C;Mizuho &#x7C;Lowers &#x7C;Outperform &#x7C; $120.00&#x7C;$140.00 &#x7C; 
&#x7C;Cody Acree &#x7C;Benchmark &#x7C;Maintains &#x7C;Buy &#x7C; $170.00&#x7C;$170.00 &#x7C; 
&#x7C;Vijay Rakesh &#x7C;Mizuho &#x7C;Lowers &#x7C;Outperform &#x7C; $140.00&#x7C;$160.00 &#x7C; 
&#x7C;Ruben Roy &#x7C;Stifel &#x7C;Lowers &#x7C;Buy &#x7C; $162.00&#x7C;$200.00 &#x7C; 
&#x7C;Christopher Rolland &#x7C;Susquehanna &#x7C;Lowers &#x7C;Positive &#x7C; $150.00&#x7C;$165.00 &#x7C; 
&#x7C;Harsh Kumar &#x7C;Piper Sandler &#x7C;Lowers &#x7C;Overweight &#x7C; $140.00&#x7C;$180.00 &#x7C; 
&#x7C;Joseph Moore &#x7C;Morgan Stanley &#x7C;Lowers &#x7C;Equal-Weight &#x7C; $137.00&#x7C;$147.00 &#x7C; 
&#x7C;Aaron Rakers &#x7C;Wells Fargo &#x7C;Lowers &#x7C;Overweight &#x7C; $140.00&#x7C;$165.00 &#x7C; 
&#x7C;Cody Acree &#x7C;Benchmark &#x7C;Lowers &#x7C;Buy &#x7C; $170.00&#x7C;$200.00 &#x7C; 
&#x7C;Vivek Arya &#x7C;B of A Securities &#x7C;Lowers &#x7C;Neutral &#x7C; $135.00&#x7C;$155.00 &#x7C; 
&#x7C;John Vinh &#x7C;Keybanc &#x7C;Lowers &#x7C;Overweight &#x7C; $140.00&#x7C;$150.00 &#x7C; 
&#x7C;Joseph Moore &#x7C;Morgan Stanley &#x7C;Lowers &#x7C;Equal-Weight &#x7C; $147.00&#x7C;$158.00 &#x7C; 
&#x7C;Hans Mosesmann &#x7C;Rosenblatt &#x7C;Maintains &#x7C;Buy &#x7C; $250.00&#x7C;$250.00 &#x7C; 
&#x7C;Christopher Rolland &#x7C;Susquehanna &#x7C;Lowers &#x7C;Positive &#x7C; $165.00&#x7C;$200.00 &#x7C; 
&#x7C;Ben Reitzes &#x7C;Melius Research &#x7C;Lowers &#x7C;Hold &#x7C; $129.00&#x7C;$160.00 &#x7C; 
&#x7C;Christopher Danely &#x7C;Citigroup &#x7C;Lowers &#x7C;Buy &#x7C; $175.00&#x7C;$200.00 &#x7C;
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Advanced Micro Devices. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Advanced Micro Devices compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
To gain a panoramic view of Advanced Micro Devices's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/AMD/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Advanced Micro Devices analyst ratings.</a>
<h2>Delving into Advanced Micro Devices's Background</h2>
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers, industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox. In 2022, the firm acquired field-programmable gate array leader Xilinx to diversify its business and augment its opportunities in key end markets such as data center and automotive.
<h3>Advanced Micro Devices: Delving into Financials</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Advanced Micro Devices's revenue growth over a period of 3M has been noteworthy. As of 31 December, 2024, the company achieved a revenue growth rate of approximately 24.16%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Advanced Micro Devices's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 6.29%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Advanced Micro Devices's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.84%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Advanced Micro Devices's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.69%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.04.
<h2>The Basics of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

21 Analysts Have This To Say About Advanced Micro Devices

NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares are trading lower by 3.3% to $101.09 during Thursday&#8217;s session, deepening its recent slide.
What To Know: The U.S. government <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44868970/nvidia-amd-take-a-17-billion-hit-in-the-ai-arms-race-while-broadcom-remains-shielded-says-analyst">imposed new licensing rules</a> restricting sales of Nvidia's H20 and AMD's MI308 chips to China, Hong Kong, Macau and several other countries.
In response, Nvidia announced a <a href="https://www.benzinga.com/markets/25/04/44858727/jensen-huang-in-china-for-talks-as-us-tightens-nvidia-chip-restrictions-report">$5.5 billion inventory charge</a>, signaling it may be unable to ship these chips to key customers like Alibaba and Tencent. 
Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) this week meanwhile reported an $800 million charge, with estimated full-year revenue losses of up to $1.8 billion. JPMorgan analyst Harlan Sur projects these restrictions could reduce both companies&#8217; earnings <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44868970/nvidia-amd-take-a-17-billion-hit-in-the-ai-arms-race-while-broadcom-remains-shielded-says-analyst">by 8%–10% in 2025</a>.
Nvidia CEO Jensen Huang is also in Beijing Wednesday <a href="https://www.benzinga.com/markets/25/04/44858727/jensen-huang-in-china-for-talks-as-us-tightens-nvidia-chip-restrictions-report">meeting with Chinese trade officials</a>, emphasizing the company's desire to maintain ties with the Chinese market. While AI demand in China remains strong, domestic firms are now expected to accelerate adoption of homegrown alternatives like Huawei's Ascend chips.
Though <a href="https://www.benzinga.com/markets/25/04/44858727/jensen-huang-in-china-for-talks-as-us-tightens-nvidia-chip-restrictions-report">analysts</a> like Bank of America's Vivek Arya call the situation "manageable," Nvidia shares have dropped roughly 15% in the past month, as growing regulatory pressure casts a shadow over U.S. chipmakers' outlook.
Read Also: <a href="https://www.benzinga.com/etfs/sector-etfs/25/04/44868472/pillar-of-americas-cyber-security-lost-funding-temporarily-what-investors-should-know-about-cve-">Pillar Of America&#8217;s Cyber Security Lost Funding Temporarily: What Investors Should Know About CVE Program, Funding Extension</a>
<h2 class="wp-block-heading">How To Buy NVDA Stock</h2>
By now you're likely curious about how to participate in the market for NVIDIA &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of NVIDIA, which is trading at $100.25 as of publishing time, $100 would buy you 1.0 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, NVDA has a 52-week high of $153.13 and a 52-week low of $75.61.

What's Going On With Nvidia Stock?

UBS analyst Timothy Arcuri maintains Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a Buy and lowers the price target from $175 to $155.

Price Target

UBS Maintains Buy on Advanced Micro Devices, Lowers Price Target to $155

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.

AAPL

APLD

CLSK

CTSH

ORCL

10 Information Technology Stocks Whale Activity In Today's Session

Wells Fargo analyst Aaron Rakers maintains Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a Overweight and lowers the price target from $140 to $120.

Wells Fargo Maintains Overweight on Advanced Micro Devices, Lowers Price Target to $120

The <a href="https://www.benzinga.com/topic/artificial-intelligence">AI-fueled rally</a> in semiconductors just ran into a geopolitical buzzsaw. 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>) disclosed this week that the U.S. government has imposed new license requirements for selling their AI-focused chips — Nvidia&#8217;s H20 and AMD's MI308 — to China, Hong Kong, Macau and several D:5 countries.
Nvidia responded with a $5.5 billion inventory charge, effectively bracing for a complete block in shipments. AMD booked an $800 million hit of its own. JPMorgan analyst Harlan Sur estimates that these curbs will shave off 8%-10% of both companies&#8217; earnings this year.
Read Also: <a href="https://www.benzinga.com/markets/25/04/44858727/jensen-huang-in-china-for-talks-as-us-tightens-nvidia-chip-restrictions-report">Jensen Huang In China For Talks As US Tightens Nvidia Chip Restrictions: Report</a>
<h1 class="wp-block-heading">The China Revenue Stream? Drying Up Fast</h1>
Nvidia's China data center business previously contributed a low-teens percentage to its overall data center revenue. With H20 shipments now in limbo, Sur expects that number to fall to "a de minimis level."
AMD, meanwhile, faces an estimated $1.5–$1.8 billion revenue impact on the back of the $800 million inventory charge. That's roughly 10% of its expected data center sales this year, noted Sur. The fallout isn't confined to the second quarter &#8211; the guidance hit spans all of 2025.
<h1 class="wp-block-heading">Winners, Losers — And The Silicon Side Effects</h1>
Sur believes there's still heavy AI demand in China — but now Chinese firms may accelerate a pivot to domestic alternatives like Huawei's Ascend chips or custom ASICs. In a surprising silver lining, custom AI ASIC projects remain unaffected by the new rules.
That's good news for players like Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), which continues to ramp up shipments for its third major custom AI customer. As it stands, merchant solutions like Nvidia and AMD's GPUs are feeling the heat, while bespoke chips enjoy relative regulatory immunity — for now.
With new AI diffusion rules starting mid-May and a looming Section 232 probe on imported chips, this may be just the opening chapter of a longer regulatory saga for U.S. semiconductor giants.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44861917/broadcom-marvell-synopsys-the-chips-that-might-not-crumble-in-the-coming-storm">Broadcom, Marvell, Synopsys: The Chips That Might Not Crumble In The Coming Storm</a></li>
</ul>
Photo: Shutterstock

Global

Nvidia, AMD Take A $17 Billion Hit In The AI Arms Race, While Broadcom Remains Shielded, Says Analyst

Evercore ISI Group analyst Mark Lipacis maintains Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a Outperform and lowers the price target from $147 to $126.

Evercore ISI Group Maintains Outperform on Advanced Micro Devices, Lowers Price Target to $126

The <a href="https://www.benzinga.com/topic/semiconductors">semiconductor sector</a> is bracing for a shakeup, and JPMorgan&#8217;s Harlan Sur isn't mincing words. "Expect in-line results but tariff/trade related dynamics to drive weaker 2Q/2H25 and negative earnings revision cycle." That's Wall Street-speak for buckle up &#8211; it's about to get bumpy.
<h2 class="wp-block-heading">Tariff Troubles: A 15-25% EPS Trim Ahead?</h2>
As first-quarter earnings begin to roll in, Sur says the Street should prepare for a "kick off negative earnings revision cycle," with forward EPS estimates potentially being slashed by 15-25% over the next few quarters. Investors hoping that semi stocks had already hit bottom after a ~25% tariff-driven slump may be in for another jolt &#8211; Sur sees another 10-15% downside from here.
But this isn't just about numbers. The broader concern is about confidence, or lack thereof. "Rapidly changing tariff headlines are negatively impacting consumer and business confidence," Sur notes, with turn business — which can make up 20-30% of guidance &#8211; now at risk due to reduced visibility. Add in China's latest tariff volley against U.S.-fabricated chips, and names like Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Qorvo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>), and Skyworks Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) suddenly look exposed.
Read Also: <a href="https://benzinga.com/trading-ideas/long-ideas/25/04/44818578/qorvo-stock-bounces-but-charts-still-bearish-starboards-jeffrey-smith-sees-a-comeback-play">Qorvo Stock Bounces, But Charts Still Bearish &#8211; Starboard&#8217;s Jeffrey Smith Sees A Comeback Play</a>
<h2 class="wp-block-heading">AI And Datacenter: The Only Bright Spots</h2>
That said, JPMorgan isn't throwing out the entire chip basket. Sur urges a "selective" approach, spotlighting Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Marvell Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) as top picks &#8211; all tied closely to AI and data infrastructure. These are the companies best positioned to ride the "strong demand in accelerated compute/AI," even if GPU giants like 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>) face potential downside from tightening China restrictions and "upcoming AI diffusion rules."
<h2 class="wp-block-heading">EDA, Semicap: Downturn-Proof Darlings</h2>
In the tools-of-the-trade corner, KLA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) and Synopsys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) also earn JPM's stamp of approval. EDA players like Synopsys are seen as resilient. "R&amp;D budgets don't get cut in downturns," Sur says, a mantra every long-term investor in chip design software should pin to their monitors.
Meanwhile, the "flat-to-down" outlook for WFE (wafer fab equipment) in 2025 spells more caution for semicap names, though JPMorgan still favors Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), KLA Corp, and Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) &#8211; all expected to outperform thanks to "rising capital intensity" and growing service revenue.
<h2 class="wp-block-heading">The Down-Cycle Playbook Moment Is Here</h2>
The macro backdrop remains fraught. JPM economists now peg the chance of a <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44645681/jpmorgan-raises-recession-risk-to-60-as-largest-us-tax-hike-in-60-years-hits-global-economy">U.S. recession at 60%</a>, as the tariff storm clouds hang heavy. Demand pull-forward in smartphones might make the first quarter look fine, but "incremental conservatism" is expected to dominate the second quarter and H2 guidance.
Bottom line? 
This is a "down-cycle playbook" moment. The sector's long-term structural story — AI, content tailwinds, and rising chip complexity — remains intact. But for now, it's all about threading the needle between "inevitable slowdown" and the pockets of AI-driven strength.
And as Sur says, "remain selective on stocks."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44823070/us-recession-fears-are-intensifying-but-is-bitcoin-the-real-flight-to-safety-expert-weighs-in">US Recession Fears Are &#8216;Intensifying&#8217; — But Is Bitcoin The Real Flight To Safety? Expert Weighs In</a></li>
</ul>
Photo: Shutterstock

Broadcom, Marvell, Synopsys: The Chips That Might Not Crumble In The Coming Storm

U.S. stock futures rose on Thursday ahead of the long weekend, with Good Friday falling on April 18 and Easter Sunday on April 20. Futures of major benchmark indices were higher in premarket.
<a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44848474/fed-chair-powell-says-tariffs-lead-to-temporary-rise-in-inflation">Federal Reserve</a> Chairman Jerome Powell dismissed the possibility of a &#8220;Fed put&#8221; in the near term while speaking in Chicago on Wednesday.
&#8220;We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension. If that were to occur, we would consider how far the economy is from each goal, and the potentially different time horizons over which those respective gaps would be anticipated to close,&#8221; said Powell.
U.S. export restrictions on Nvidia Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://benzinga.com/25/04/44844084/nvidias-h20-chip-ban-could-lead-to-manageable-sales-drop-bank-of-america-says">H20 GPUs</a> pulled the stock market down on Wednesday.
The 10-year Treasury bond yielded 4.32% and the two-year bond was at 3.82%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing an 86.4% likelihood of the Federal Reserve keeping the current interest rates unchanged in its May meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.75%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.83%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>1.02%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.66%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 1.03% to $531.05, while the QQQ advanced 1.04% to $448.78, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
U.S. stocks closed sharply lower on Wednesday, driven by a significant sell-off in the semiconductor sector and broader tech weakness.
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) experienced a steep decline, with Nvidia Corp. and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) both falling approximately 7% following new export restrictions on Nvidia chips to China.
This news heavily impacted the information technology sector, which, along with consumer discretionary and communication services, recorded the largest losses. In contrast, energy stocks defied the overall downward trend, closing higher.
Among individual companies, Travelers Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) reported better-than-expected first-quarter results, and Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) posted upbeat first-quarter adjusted EPS.
On the economic front, U.S. industrial production fell by 0.3% in March, slightly more than anticipated. However, U.S. retail sales surged 1.4% month-over-month in March, exceeding both the previous month&#8217;s gain and market expectations.
<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>-3.07%</td>
<td>16,307.16</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-2.24%</td>
<td>5,275.70</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-1.73%</td>
<td>39,669.39</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.03%</td>
<td>1,863.48</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
According to Scott Wren, the senior global market strategist at Wells Fargo, &#8220;current equity levels offer an attractive entry opportunity even with the bounce higher off the recent lows.&#8221;
Wren further emphasized the importance of having a &#8220;plan of action or at least be happy with where you currently stand,&#8221; regardless of individual perspectives on the implemented tariffs.
&#8220;Over the course of the last couple of weeks, we have seen the administration go from an aggressive reciprocal tariff strategy that involved meaningful universal tariffs on virtually all of our trading partners to a pause that suspends most reciprocal tariffs but leaves a 145% levy on imports from China,&#8221; Wren notes.
Despite the tariff uncertainty, Wren&#8217;s firm maintains a view that the U.S. economy was already heading for a slowdown in the first half of the year, even before the current trade strategies were implemented. &#8220;From our perspective, even before the current tariff strategies were deployed, our analysis suggested the economy was going to hit a bump in the road and slow in the first half of this year. That line of thought is still intact,&#8221; Wren states.
Wren also suggests a strategic shift in fixed income, advising investors to &#8220;move money from bonds, specifically the intermediate portion of the yield curve, into mid-cap U.S. equities in an effort to take advantage of the fall in stocks and the rally in bond prices (yields fell).&#8221;
Meanwhile, the <a href="https://www.benzinga.com/government/regulations/25/04/44858165/policy-push-vs-market-pull-dollar-under-pressure-as-reserve-currency-may-be-called-into-question-amid-tariff-turmoil">U.S. dollar is facing pressure</a>, with its &#8220;reserve currency&#8221; status. A recent study titled &#8216;Dollar Upheaval: This Time is Different&#8217; noted a 3.6% depreciation between April 4th and 14th, an unusual move as the dollar typically gains during global volatility.
This suggests a break from traditional market behavior, raising concerns that U.S. Treasuries lose their safe-haven appeal.
"If U.S. Treasuries are no longer viewed as the world's preferred safe asset, then the status of the dollar as the world's reserve currency may be called into question,&#8221; stated the note.
Investors are now <a href="https://www.benzinga.com/news/treasuries/25/04/44857989/gold-nears-3400-mark-experts-point-to-likely-correction-amid-bull-market-rates-will-drop-like-rock">flocking to Gold</a>, which has been hitting fresh highs as it trades above $3,300 per ounce. According to data shared by Charlie Bilello of Creative Planning, the inflation-adjusted gold prices were back at an all-time high, after 45 years, surpassing the prior peak from 1980.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It took 45 years to get there, but inflation-adjusted Gold prices are back at an all-time high, surpassing the prior peak from 1980. <a href="https://twitter.com/search?q=%24GOLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOLD</a><a href="https://t.co/l5IYmkeySJ">https://t.co/l5IYmkeySJ</a> <a href="https://t.co/bXWisvrl3c">pic.twitter.com/bXWisvrl3c</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1912558536573268362?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Economist Mohamed El-Erian attributed the increasing price of gold to a gradual shift away from the U.S. dollar by some foreign central banks and other entities seeking diversification.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The price of gold registered another record high today, overcoming yet another periodic round of profit-taking by some tactical traders — this as it benefits from the tailwind of slow and steady diversification away from the dollar by some foreign central banks and others.<a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a>… <a href="https://t.co/MKDnxZddv0">pic.twitter.com/MKDnxZddv0</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1912523089557987357?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday and Friday:
<ul>
<li>On Thursday, initial jobless claims data for the week ending April 12 and March&#8217;s housing starts, building permits, and April&#8217;s Philadelphia Fed manufacturing survey data will be released by 8:30 a.m. ET.</li>
</ul>
<ul>
<li>On Friday, San Francisco Fed President Mary Daly will speak at 8:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) fell 0.64% in premarket on Thursday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $7.29 per share on revenue of $111.60 billion.</li>
</ul>
<ul>
<li>DR Horton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) rose 0.39% as Wall Street expects it to report earnings of $2.65 per share on revenue of $8.03 billion before the opening bell.</li>
</ul>
<ul>
<li>Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) was up 1.38% as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $5.72 per share on revenue of $10.52 billion.</li>
</ul>
<ul>
<li>FNB Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) was up 1.14% as it posted better-than-expected earnings for its first quarter on Wednesday.</li>
</ul>
<ul>
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) jumped 3.45% after reporting a 60% surge in its net profit for the first quarter, topping market expectations.</li>
</ul>
<ul>
<li>Rio Tinto Plc ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) climbed 1.68% after it announced the assessment of the low-carbon aluminum project in India along with AMG Metals &amp; Materials.</li>
</ul>
<ul>
<li>Woodside Energy Group Ltd. ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDS#NYSE">WDS</a>) advanced 2.73% after signing LNG supply agreements with Uniper.</li>
</ul>
<ul>
<li>BP PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) gained 1.08%, and Kosmos Energy Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) was 4.22% higher after BP completed loading the first cargo from the Greater Tortue Ahmeyim LNG project.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 1.02% to hover around $63.11 per barrel.
Gold Spot US Dollar declined 0.57% to hover around $3,324.20 per ounce. Its fresh record high stood at $3,357.81 per ounce. The U.S. Dollar Index spot was higher by 0.10% at the 99.4760 level.
Asian markets advanced on Wednesday, except China&#8217;s CSI 300 index. India's S&amp;P BSE Sensex, Hong Kong's Hang Seng, Japan's Nikkei 225, Australia's ASX 200, and South Korea's Kospi index ended higher. European markets were lower in early trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44858165/policy-push-vs-market-pull-dollar-under-pressure-as-reserve-currency-may-be-called-into-qu">Policy Push vs. Market Pull: Dollar Under Pressure As &#8216;Reserve Currency May Be Called Into Question&#8217; Amid Tariff Turmoil</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

Market Summary

Futures

Commodities

Treasuries

Economics

Federal Reserve

US Stocks Likely To Open Higher Ahead Of Festive Weekend: 'Current Equity Levels Offer An Attractive Entry Opportunity'

The CNN Money Fear and Greed index showed a further increase in the overall fear level, while the index remained in the &#8220;Extreme Fear&#8221; zone on Wednesday.
U.S. stocks settled lower on Wednesday, with the Dow Jones index falling around 700 points during the session after Federal Reserve Chair Jerome Powell linked rising tariffs to higher inflation and slower growth, while making it clear the central bank has no intention of cushioning market losses.
Semiconductors were particularly hit hard following fresh export restrictions on Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips to China. The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) fell sharply on Wednesday, with Nvidia and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) both down around 7%.
Travelers Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) posted better-than-expected first-quarter results on Wednesday. Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) reported upbeat first-quarter adjusted EPS results.
On the economic data front, U.S. industrial production declined by 0.3% in March compared to market estimates of a 0.2% fall. U.S. retail sales rose 1.4% month-over-month in March versus a 0.2% gain in the previous month and better than estimates of 1.3%.
Most sectors on the S&amp;P 500 closed on a negative note, with consumer discretionary, information technology, and communication services stocks recording the biggest losses on Wednesday. However, energy stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 700 points to 39,669.39 on Wednesday. The S&amp;P 500 fell 2.24% to 5,275.70, while the Nasdaq Composite dipped 3.07% to 16,307.16 during Wednesday's session.
Investors are awaiting earnings results from Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>), and D.R. Horton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 14.4, the index remained in the &#8220;Extreme Fear&#8221; zone on Wednesday, versus a prior reading of 18.2.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based&nbsp;on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44836567/jim-cramer-nrg-energy-is-very-good-utility">Jim Cramer: NRG Up, Deluxe Out, Nvidia &#8216;You Have To Trim&#8217;</a> </li>
</ul>
Photo via Shutterstock

Nasdaq Dips 3% Amid Plunge In Nvidia, AMD: Greed Index Remains In 'Extreme Fear' Zone

Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) has reportedly informed its Chinese clients last week that it will now require a license to export certain advanced artificial intelligence processors.
What Happened: The new restriction applies to chips with a total DRAM bandwidth of 1,400 gigabytes per second or more, or an I/O bandwidth of 1,100 GB per second, <a href="https://www.ft.com/content/7935826a-ba3b-4f6b-a64d-b8167d5dc38e">reported</a> Financial Times.
The Gaudi series from Intel, similar to Nvidia Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H20 processor, exceeds these thresholds and will be affected by the new rules.
The move comes a day after Nvidia warned it <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">could face a $5.5 billion hit</a> from similar export restrictions imposed by the U.S. government.
See Also:&nbsp;<a href="https://www.benzinga.com/25/04/44778760/netflix-debuts-openai-backed-search-engine-that-lets-you-discover-movies-and-tv-shows-based-on-emotions-not-just-titles" target="_blank" rel="noreferrer noopener">Netflix Debuts OpenAI-Backed Search Engine That Lets You Discover Movies And TV Shows Based On Emotions, Not Just Titles</a>
Why It&#8217;s Important: The latest chip licensing rule marks a new escalation in the <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">ongoing U.S.-China trade tensions</a>. While the Donald Trump administration has paused reciprocal tariffs for several nations, it has simultaneously imposed higher duties on Chinese imports.
In response, China hit back over the weekend with retaliatory tariffs of up to 125% on U.S. goods.
Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) disclosed in a Wednesday morning filing that new export restrictions on chips could lead to charges of <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">up to $800 million tied</a> to inventory and purchase commitments.
Meanwhile, ASML Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) released its first-quarter earnings on Wednesday, <a href="https://www.benzinga.com/25/04/44841356/chip-stocks-are-facing-selling-pressure-wednesday-heres-why">cautioning that rising tariffs</a> have added uncertainty to its outlook, potentially contributing to broader market weakness.
Price Action: Intel's shares fell by 3.12% on Wednesday, continuing a downward trend that has seen its stock drop nearly 47% in the past year. Year-to-date, Intel is down by 4.9%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
AMD shares dropped 7.35% on Wednesday, while ASML and Nvidia fell 7.06% and 6.87%, respectively, reflecting broader pressure on the semiconductor sector.
Intel currently holds a growth score of 3.51%, according to Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares</a> with Nvidia, ASML, AMD, and other major players in the chip industry.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/INTC"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16215202/Screenshot-2025-04-17-at-7.21.54%E2%80%AFAM.png" alt="" class="wp-image-875479" /></a></figure>
Read More:
<ul>
<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don&#8217;t Have The Balls To Do It,&#8217; Says Mark Cuban, Praising Musk For Going ‘All In&#8217; With His Own Money For His Startups</a></li>
</ul>
Photo Courtesy: Tada Images On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Intel Shares Have Dropped 47% In The Past Year, Now Chipmaker Faces China AI Chip Curbs Just Like Nvidia Amid Trade Tensions

President Donald Trump was named the<a href="https://www.benzinga.com/media/24/12/42450651/donald-trump-to-be-named-time-person-of-the-year-beating-out-harris-musk-middleton-netanyahu-report"> Time Person of the Year</a> in 2024 and is one of the 100 people named to the 2025 Time Most Influential People list.
Aside from Trump and political leaders like J.D. Vance, Robert F. Kennedy Jr. and Javier Milei, the list also includes several CEOs of publicly traded U.S. companies.
Here's a look at that list.
What Happened: The Time 100 Most Influential list includes people across categories of artists, innovators, titans, leaders and pioneers and unlike the <a href="https://www.benzinga.com/general/social-media/24/09/40760039/elon-musk-less-influential-to-artificial-intelligence-than-scarlett-johansson-time-magazine-">Time 100 AI list </a>from last year that left Elon Musk out, includes the world's richest man.
The 2025 <a href="https://time.com/collections/100-most-influential-people-2025/">list </a>includes 16 corporate CEOs, which is a record for the annual list from the newsmagazine.
Here are the CEOs of publicly traded U.S. companies and their categories:
<ul>
<li>Elon Musk (Leaders): CEO of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
<li>Lisa Su (Titans): CEO of Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</li>
<li>Mark Zuckerberg (Titans): CEO of Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</li>
<li>Ted Sarandos (Titans): CEO of Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>)</li>
<li>Alex Karp (Titans): CEO of Palantir Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</li>
<li>Ed Bastian (Titans): CEO of Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>)</li>
<li>Doug McMillon (Titans): CEO of Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>)</li>
<li>Stephen Squeri (Titans): CEO of American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</li>
<li>Larry Fink (Innovators): CEO of BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>)</li>
</ul>
The list also included Tomáš Cihlář, who is a vice president at Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), for his work on HIV drugs.
Read Also: <a href="https://www.benzinga.com/general/education/24/06/39547388/happy-birthday-elon-musk-53-facts-and-figures-about-tesla-spacex-ceo-on-his-53rd-birthday">53 Facts And Figures About Tesla, SpaceX CEO Elon Musk On His 53rd Birthday</a>
Why It's Important: While many readers will know the names like Ed Sheeran, Scarlett Johansson, Demi Moore, Jalen Hurts, Simon Biles, Serena Williams and Snoop Dogg, the list of most influential offers a look at some of the top CEOs who have transformed their companies or led the companies through times of uncertainty.
"What he's built over the past 25 years is astonishing — a house of creativity that is constantly heading into the future," producer and writer Shonda Rhimes wrote of Sarandos. "Ted's genuine love of television and movies has helped him turn Netflix, and the streaming industry as a whole, into something that none of us can live without."
Musk's increased role in politics, including the newly created Department of Government Efficiency, led to his inclusion in the "leaders" category.
Time Magazine senior correspondent Simon Shuster wrote the description for Musk, highlighting past conquests from the billionaire like electric cars at Tesla, taking over Twitter and pushing into space with SpaceX.
"After spending nearly $290 million in 2024 to help elect Donald Trump and other Republican candidates, Musk has applied this same energy to the task of dismantling the federal bureaucracy," Shuster wrote.
While many Tesla and Musk fans were upset the billionaire was not included in the Time 100 AI List last year, Musk shared his best response to how he feels about accolades like making a top 100 list.
"Magazines do not establish relevance, history does," Musk said.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40795608/palantirs-s-p-500-journey-rebel-tech-giant-transforms-into-frankenstein-monster-powere">Palantir&#8217;s S&amp;P 500 Journey: Rebel Tech Giant Transforms Into &#8216;Frankenstein Monster Powered By Freak Show Leader&#8217;</a></li>
</ul>
Photo: <a href="https://www.shutterstock.com/g/ssi77">ssi77</a> via Shutterstock

Entertainment

Management

GILD

PLTR

TSLA

Time 100 Most Influential People Includes Elon Musk, Mark Zuckerberg, Alex Karp And More Public Company CEOs

A fresh round of U.S. export restrictions on China&#8217;s AI capabilities has caught NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) off guard, with <a href="https://www.benzinga.com/etfs">ETFs with high exposure to the chip giant</a> are feeling the pain (or gain, in some cases). While Nvidia plummeted 6.87% by market close Wednesday, some semiconductor-themed ETFs moved sharply.
The unexpected regulatory shock, <a href="https://www.benzinga.com/government/regulations/25/04/44845141/nvidia-drags-wall-street-down-gold-defies-gravity-ahead-of-powell-remarks-whats-driving-ma">preventing Nvidia from sending its high-margin H20 AI chips to China</a>, has triggered a broader selloff in the tech-heavy sector, rekindling arguments on geopolitical risk, earnings visibility, and the role of ETFs in escalating such shocks.
Advanced Micro Devices Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) MI308 chips also come under the new licensing regime and fell 6%, adding to the broader pressure across chipmakers.
<h1 class="wp-block-heading">ETF Reaction: Bloodbath For Some, Jackpot For Others</h1>
The ripple effects were most apparent in semiconductor and Nvidia-focused ETFs, many of which took deep intraday losses — while inverse products registered explosive gains.
GraniteShares 2x Short NVDA Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVD#NASDAQ">NVD</a>) skyrocketed more than 13% on Wednesday, with short selling in Nvidia paying off during the rout. The fund, providing 2x inverse daily leverage on Nvidia&#8217;s stock, has been a most significant volatility trade during earnings and regulatory events.
Strive U.S. Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOC#NYSE">SHOC</a>) fell over 4%. SHOC, with its heavy weighting in <a href="https://www.benzinga.com/topic/semiconductors">fabless semiconductor companies</a> such as Nvidia (23% <a href="https://www.strivefunds.com/shoc">weightage</a>) and AMD (4.74% weightage), is especially susceptible to revenue shock from export policy shifts.
VanEck Fabless Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMHX#NASDAQ">SMHX</a>) fell more than 3%, following the general market jitters. Nvidia is one of the key holdings in SMHX, with the biggest weightage of <a href="https://www.vaneck.com/us/en/investments/fabless-semiconductor-etf-smhx/holdings/">21.4%</a>, making it extremely sensitive to any slowdown in AI chip sales.
These movements represent how closely ETFs have become tied to a few megacap tech narratives — rendering them both effective and vulnerable vehicles for sector bets.
<h1 class="wp-block-heading">What Happened?</h1>
Markets soured on Wednesday following the U.S. government&#8217;s decision to tighten <a href="https://www.benzinga.com/topic/tariffs">AI chip exports to China</a> and arms-embargoed countries. Nvidia, whose H20 chips were specifically designed to meet prior export controls, <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001045810/000104581025000082/nvda-20250409.htm">announced </a>that it will incur a $5.5 billion charge for excess inventory, purchase commitments, and reserves — essentially discounting the failure of its China-facing H20 strategy.
Crafted specifically to meet previous export regulations under the Biden administration, the H20 chip was made China-sale-specific and had enabled Nvidia to keep a firm grip on the market despite continued tensions. In 2024 alone, the chips were estimated to have brought in $12 billion to $15 billion in revenue.
The new measures now make the old playbook dated. AMD also conceded the blow in a Wednesday <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0000002488/000000248825000039/amd-20250415.htm">report</a>, cautioning that restrictions on its MI308 chips could generate an $800 million revenue blow.
The new regulations — universally regarded as a crackdown on loopholes — will likely impact Nvidia&#8217;s fiscal 2026 revenue by 6%–10%, <a href="https://www.benzinga.com/25/04/44844084/nvidias-h20-chip-ban-could-lead-to-manageable-sales-drop-bank-of-america-says">Bank of America analyst Vivek Arya estimated</a>. While Arya labeled the risks &#8220;manageable&#8221; and reaffirmed a Buy rating with a $160 price target, the market reaction was swift and severe.
Also Read: <a href="https://www.benzinga.com/25/04/44799456/chip-shock-3-hot-semiconductor-etfs-to-watch-as-trumps-tariff-bomb-ticks">Chip Shock: 3 Hot Semiconductor ETFs To Watch As Trump&#8217;s Tariff Bomb Ticks</a>
<h1 class="wp-block-heading">What&#8217;s Next For Nvidia-Focused Funds?</h1>
In spite of the carnage on the day, some analysts are of the view that the sell-off can provide a tactical entry. Bank of America&#8217;s Arya noted Nvidia is currently trading at about 20 times estimated 2025 earnings — less than its historical valuation range of 23x–25x — and that its future GB300 Blackwell Ultra chips have the potential to re-spark the growth story by the second half of 2025.
Yet, near-term volatility is unlikely to fade, especially with geopolitics now a key driver of chipmaker valuations.
ETF investors, meanwhile, face a tough balancing act: whether to double down on U.S. AI chip dominance or hedge against further policy shocks that could derail near-term earnings.
One thing is clear — Nvidia's dominance may still be intact, but its ETF exposure just made a lot more complicated.
Read Next:<a href="https://www.benzinga.com/25/04/44848475/unlimited-unpacks-hedge-fund-alpha-with-launch-of-hfgm-etf"> </a>
<ul>
<li><a href="https://www.benzinga.com/25/04/44848475/unlimited-unpacks-hedge-fund-alpha-with-launch-of-hfgm-etf">Unlimited Unpacks Hedge Fund Alpha With Launch Of ETF Without High Fees, Lock-Up Features</a></li>
</ul>
Photo: Shutterstock

Specialty ETFs

ETFs

EA Series Trust Strive U.S. Semiconductor ETF

SHOC

SMHX

Chipwrecked: Nvidia's Export Ban Triggers ETF Meltdown (And One Big Winner)

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

CDNS

NXPI

These Semiconductor Stocks To Face Least Tariffs Impact Compared To Intel

Thanks to the <a href="https://www.benzinga.com/government/regulations/25/04/44845141/nvidia-drags-wall-street-down-gold-defies-gravity-ahead-of-powell-remarks-whats-driving-markets-wednesday">technology sector struggling badly</a> on Wednesday — with a political matter dragging down Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) — big data analytics specialist Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) unfortunately fell in sympathy with its peers. In theory, PLTR stock now offers contrarians a possibly discounted upside prospect. At the same time, the vagaries of the current market cycle warrant consideration of smart, risk-mitigated strategies.
Specifically, the tech juggernauts felt the heat as the U.S. government announced that it would bar Nvidia from selling its H20 chips to China. This decision could wipe out an estimated $5.5 billion from the company&#8217;s projected quarterly revenue. Further, the implications affected other chipmakers, such as Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), which is exposed under the new licensing requirements.
Because the headwinds are not directly tied to Palantir's core business offerings, a temptation exists to go long on PLTR stock. While this may be a rational form of speculation, it's not without serious risks. With <a href="https://www.benzinga.com/markets/25/04/44831287/trump-administration-imposes-up-to-245-tariff-on-chinese-imports-amid-intensifying-trade-battle">diplomatic tensions rising</a> between the U.S. and China, the impact of an all-out trade war would likely create a ripple effect globally. That's not necessarily good news for Palantir or any other tech entity.
Stated differently, traders may have a general idea of where the market may head next, at least in the near term. With such a strong downturn on Wednesday, it's possible — perhaps likely — that PLTR stock will attempt to build back up over the next few days. But the magnitude of this buildup (if it materializes) represents a major question mark and that brings the discussion to parallax compression.
<h2 class="wp-block-heading">PLTR Stock And The Concept Of Parallax Compression</h2>
In the field of optical systems, parallax error refers to the visual distortion between perceived alignment and actual alignment (or lack thereof). For example, when firing a rifle from a distance, a slight shift in eye position can create an illusion where the reticle or crosshairs appears to move relative to the target. Parallax error, without correction, can lead to a missed shot.
Similarly, parallax error in the options market can lead to an outright loss. In most options-based transactions, traders must wrestle with a three-dimensional problem: direction, magnitude and time. Simply stated, where to, how far and when?
Frustratingly, a trader can be correct in the direction and time component but failure in magnitude can still implode the position. This process is aggravating by design because the field of math involved is stochastic calculus, a brutally difficult field due to the concept of randomness over time.
Fortunately, traders can compress the parallax in the options market by structuring transactions in such a manner where the magnitude component of the equation is effectively nullified. In other words, traders will frame the problem at hand as one involving direction and time. That's a pre-algebra equation that anyone can perform.
Think of it this way. When facing multiple attackers, the fighting art of Krav Maga (and other systems) recommends avoiding confrontations between threats on opposing planes. Instead, one should line the threats one behind the other. Of course, this positioning doesn't eliminate the number of attackers, but it flattens the battlefield where the opponent loses an advantage and the person being attacked has a more manageable crisis.
While not nearly as dramatic (hopefully), parallax compression in the options market operates under the same principle.
<h2 class="wp-block-heading">Compression Into Action</h2>
Let's look at a real-world example to bring the above concept to life. At the moment, PLTR stock is attempting to stabilize around the $90 level. Assuming it can achieve said stabilization, this level could represent an ideal launching point for a quick-fire bullish trade.
Statistically, PLTR stock demonstrates an upward bias. A position entered at the beginning of the week has a 55.3% chance of rising by the end of the week. The prior week's modest momentum doesn't appear to materially impact the aforementioned upward bias. Thus, it's reasonable speculation to go long here.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16152912/PLTR-stock-probabilities-04162025-1024x576.jpg" alt="" class="wp-image-875197" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16152912/PLTR-stock-probabilities-04162025-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16152912/PLTR-stock-probabilities-04162025-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16152912/PLTR-stock-probabilities-04162025-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16152912/PLTR-stock-probabilities-04162025.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by author</figcaption></figure>
One idea that stands out is the 88/90 bull call spread for the options chain expiring April 25. This transaction involves buying the $88 call (at a time-of-writing ask of $575) and simultaneously selling the $90 call (at a bid of $450), resulting in a net debit paid of $125, the most that can be lost in the trade.
Should PLTR stock rise through the $90 short strike price at expiration, the trader collects the maximum reward, which is $75, a payout of 60%. And that's where the parallax compression is. The trader doesn't have to worry about how far up PLTR goes, just as long as it moves up (or stays where it is at $90).
With most other debit call spreads, the stock in question may need to rise by a not-insignificant magnitude to achieve profitability. With the 88/90 bull spread — assuming a market price of $90 — this parallax error is accounted for.
Now Read:
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<li><a href="https://www.benzinga.com/government/regulations/25/04/44850992/stocks-sink-as-powell-dismisses-fed-put-safety-net-gold-extends-massive-lead-over-nasdaq">Stocks Sink As Powell Dismisses &#8216;Fed Put&#8217; Safety Net, Gold Extends Massive Lead Over Nasdaq</a></li>
</ul>
Photo: Shutterstock

Options Corner: Turn Palantir's Complex Calculus Problem Into Simple Pre-Algebra

Risk sentiment took a sharp blow Wednesday afternoon after Federal Reserve Chair Jerome Powell linked rising tariffs to higher inflation and slower growth, while making it clear the central bank has no intention <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44848474/fed-chair-powell-says-tariffs-lead-to-temporary-rise-in-inflation">of cushioning market losses.</a>
In remarks at the Economic Club of Chicago, Powell said the inflationary effects of tariffs could be more persistent than previously thought, and warned that current policy uncertainty makes it difficult to gauge their full impact. 
Most notably for Wall Street, Powell addressed the notion of a so-called "Fed put"—the belief that the central bank would intervene if markets drop sharply—and offered a blunt response: "I'm going to say no."
That single line pushed traders to recalibrate expectations for any near-term monetary support.
<h3 class="wp-block-heading">Stocks Tumble As Chipmakers Extend Losses</h3>
By 3:15 p.m. ET, the S&amp;P 500 – as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) – had dropped 3.1% to 5,230 points, while the Nasdaq 100 – tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) plunged 4.1% to 18,050, dragged down by the tech-heavy weighting of the index. 
The Dow Jones Industrial Average shed 838 points, or 2.1%, and the Russell 2000 small-cap index also fell 2.1%.
Nearly every sector turned red, with the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) nosediving 5%. Energy stocks were the sole exception, buoyed by higher crude prices and safe-haven commodity demand.
Semiconductors were particularly hard hit following fresh export restrictions on Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips to China. 
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) plummeted 6.8%, with Nvidia and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) both down around 10%.
<h3 class="wp-block-heading">Gold Shines In Flight To Safety</h3>
As stocks tumbled, gold prices climbed, continuing their powerful 2025 rally. The precious metal hit new record highs, rising to over $2,350 an ounce, and is now up 26% year to date. 
With the Nasdaq 100 down 23% over the same period, gold has outperformed the tech index by nearly 50% in less than four months.
Gold's appeal has grown amid mounting inflation concerns, policy uncertainty, and geopolitical tension.
<h3 class="wp-block-heading">Powell: No Market Rescue This Time</h3>
Powell's refusal to endorse the "Fed put" marked a sharp shift in tone from the central bank's more accommodative stance in past downturns. While he acknowledged market volatility, he said both equity and bond markets were "functioning" and "orderly."
"Markets are struggling with a lot of uncertainty, and that means volatility," Powell said. "But having said that, markets are functioning."
The Fed chair emphasized that rate decisions will continue to focus on economic data, especially inflation and employment, and not on asset prices.
Top S&amp;P 500 Gainers:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>)</td>
<td>129.93</td>
<td>+2.94%</td>
</tr>
<tr>
<td>APA Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APA#NYSE">APA</a>)</td>
<td>15.27</td>
<td>+2.52%</td>
</tr>
<tr>
<td>Devon Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>)</td>
<td>29.21</td>
<td>+2.40%</td>
</tr>
<tr>
<td>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td>
<td>55.88</td>
<td>+2.37%</td>
</tr>
<tr>
<td>Diamondback Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NYSE">FANG</a>)</td>
<td>129.98</td>
<td>+2.23%</td>
</tr>
</tbody>
</table>
</figure>
Top S&amp;P 500 Losers:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Advanced Micro Devices Inc.</td>
<td>85.90</td>
<td>-9.86%</td>
</tr>
<tr>
<td>Nvidia Corp.</td>
<td>101.25</td>
<td>-9.76%</td>
</tr>
<tr>
<td>J.B. Hunt Transport Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NYSE">JBHT</a>)</td>
<td>123.21</td>
<td>-8.81%</td>
</tr>
<tr>
<td>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</td>
<td>89.90</td>
<td>-8.63%</td>
</tr>
<tr>
<td>KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>)</td>
<td>622.99</td>
<td>-7.87%</td>
</tr>
</tbody>
</table>
</figure>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44844084/nvidias-h20-chip-ban-could-lead-to-manageable-sales-drop-bank-of-america-says">Nvidia H20 Chip Ban Could Lead To &#8216;Manageable&#8217; Sales Drop, Bank Of America Says</a></li>
</ul>
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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
02:13 PMFeb 20, 2025	CALL	$125.00	Jun 20, 2025	60	208	1661	2	8656	SWEEP	BEARISH
01:43 PMFeb 20, 2025	CALL	$125.00	Jan 16, 2026	270	1066	1000	21	5083	TRADE	BEARISH
12:32 PMFeb 20, 2025	CALL	$135.00	Dec 19, 2025	242	508	500	15	3345	TRADE	BULLISH
01:59 PMFeb 18, 2025	PUT	$115.00	Sep 19, 2025	151	729	718	15	4779	SWEEP	NEUTRAL
01:42 PMFeb 14, 2025	PUT	$170.00	Feb 21, 2025	-59	2750	2750	2391	115	TRADE	BULLISH
12:14 PMFeb 13, 2025	CALL	$125.00	Jan 16, 2026	270	1303	1250	32	4111	TRADE	BULLISH
10:39 AMFeb 13, 2025	CALL	$112.00	Feb 21, 2025	-59	5370	2816	114	4719	SWEEP	BULLISH
09:54 AMFeb 13, 2025	CALL	$105.00	Feb 21, 2025	-59	5392	3876	46	11790	TRADE	BULLISH
09:30 AMFeb 13, 2025	PUT	$190.00	Jan 16, 2026	270	0	150	0	1338	TRADE	NEUTRAL