옵션 체인은 다양한 행사가격과 만기일에 대한 Alphabet의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Alphabet에 대한 시장 심리를 평가합니다..

Alphabet (NASDAQ:GOOGL) 주식, 옵션 체인

Alphabet

Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.

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일명 &#39;매그니피센트 세븐&#39;이라 불리는 기술주들이 조 바이든이 2020년 11월 초에 당선된 이후로 놀라운 수익률을 기록하며 전체 주식 시장을 크게 능가했다.

바이든 당선 이후 200% 이상 상승한 매그니피센트 세븐: 트럼프 시기에 어떤 성과?

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메타 플랫폼스(NASDAQ:META)가 미국에 원자력 발전을 기반으로 운영되는 AI 데이터센터를 건설하려는 계획에 차질을 빚고 있는 것으로 보인다. 제안된 데이터센터 부지에서 희귀종 벌이 발견되어 프로젝트에 차질이 생겼다.마크 저거버그 메타 CEO는 기존 원자력 발전소 운영사와 협력하여 새로운 데이터 센터에 무공해 전기를 공급할 계획이었다.

마크 저커버그의 원자력 데이터 센터, 희귀종 벌 출현으로 차질

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대만 반도체 제조(NYSE:TSM)는 인공지능(AI) 칩에 대한 수요가 증가함에 따라 고급 패키징의 생산 능력을 두 배로 늘릴 예정다. 이 수요는 엔비디아(NASDAQ:NVDA), 마이크로소프트(NASDAQ:MSFT), 아마존닷컴(NASDAQ:AMZN) 및 알파벳(NASDAQ:GOOGL) (NASDAQ:GOOG)과 같은 주요 기업들에 의해 촉발되었다.

엔비디아의 공급업체 TSMC: MS, 아마존의 AI 수요가 급증에 고급 칩 패키징 용량 두 배로 확대

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<a href="https://www.theinformation.com/articles/tiktok-sees-trump-victory-as-apps-best-hope" title="https://www.theinformation.com/articles/tiktok-sees-trump-victory-as-apps-best-hope">https://www.theinformation.com/articles/tiktok-sees-trump-victory-as-apps-best-hope</a>

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'TikTok Sees Trump Victory As App's Best Hope' - The Information

<a href="https://www.reuters.com/legal/google-defeats-lawsuit-over-gift-card-fraud-2024-11-05/#:~:text=Nov%205%20(Reuters)%20%2D%20A,of%20dollars%20stolen%20from%20victims.">https://www.reuters.com/legal/google-defeats-lawsuit-over-gift-card-fraud-2024-11-05/#:~:text=Nov%205%20(Reuters)%20%2D%20A,of%20dollars%20stolen%20from%20victims.</a>
A federal judge dismissed a proposed class action lawsuit accusing Google of illegally profiting from Google Play gift card scams by refusing to refund millions of dollars stolen from victims.
In a late Monday decision, U.S. District Judge Beth Labson Freeman said the plaintiff Judy May lost money because scammers induced her to buy gift cards, and failed to show that Google caused her losses or knew it was receiving stolen funds.
The San Jose, California-based judge also said Google was not liable for keeping 15% to 30% commissions on purchases that scammers made with the gift cards, because Google's conduct was unrelated to the original fraud.
May said she lost $1,000 in April 2021 when a scammer posing as a relative instructed her to contact a supposed government agent, who told her she was eligible for federal grant money if she bought Google Play gift cards.
The Brownsville, Indiana resident said she provided the codes on the back to cover supposed upfront costs, but the scammers used the codes to make purchases.
May said she would not have bought the cards had Google warned on the packaging about scams, and that anyone demanding payment with the cards was a scammer.
Lawyers for May did not immediately respond on Tuesday to requests for comment. Google, a unit of Alphabet, did not immediately respond to similar requests.
Freeman said May could try to refile her lawsuit, but dismissed a claim seeking triple damages for good. Alphabet is based in Mountain View, California.
In 2023, Americans lost $217 million in <a href="https://www.ftc.gov/system/files/ftc_gov/pdf/CSN-Annual-Data-Book-2023.pdf">gift card or reload card fraud, opens new tab</a>, according to the Federal Trade Commission.
The actual amount is likely much higher because the data cover only reported cases. Citing FTC data from 2021, May said Google Play cards account for about 20% of gift card scams.
&nbsp;
The case is May v Google LLC et al, U.S. District Court, Northern District of California, No. 24-01314.

Reported Earlier, "Google Defeats Lawsuit Over Gift Card Fraud" - Reuters News

The Magnificent Seven, a group of top-performing tech stocks, has delivered extraordinary returns since Joe Biden was elected in early November 2020, significantly outpacing <a href="https://www.benzinga.com/">the broader stock market. </a>
An equally weighted portfolio of Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has returned 213.6% over the last four years. This equates to a compounded annualized growth rate, or CAGR, of about 25%.
To put this in perspective, an investor who put $10,000 into this tech-heavy basket on Nov. 3, 2020 would have seen their investment grow to roughly $31,360 by Nov. 5, 2024.
In contrast, an equivalent investment in the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) would have grown by 74%, for a CAGR of just 14.8%, resulting in an end balance of about $17,400.
Here&#8217;s a closer look at how these tech giants fared individually under Biden and how their performance compares to the Trump era.
<h3 class="wp-block-heading">Magnificent 7 Performance In The Biden Years</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Stock</th>
<th>Return (%)</th>
<th>CAGR (%)</th>
<th>Market Cap (Nov. 3, 2020)</th>
<th>Market Cap (Nov. 5, 2024)</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVIDIA</td>
<td>967.92%</td>
<td>80.56%</td>
<td>$321.69 billion</td>
<td>$3.42 trillion</td>
</tr>
<tr>
<td>Meta Platforms</td>
<td>114.22%</td>
<td>20.98%</td>
<td>$755.65 billion</td>
<td>$1.44 trillion</td>
</tr>
<tr>
<td>Alphabet</td>
<td>105.85%</td>
<td>19.78%</td>
<td>$1.1 trillion</td>
<td>$2.09 trillion</td>
</tr>
<tr>
<td>Apple</td>
<td>101.13%</td>
<td>19.08%</td>
<td>$1.88 trillion</td>
<td>$3.37 trillion</td>
</tr>
<tr>
<td>Microsoft</td>
<td>99.55%</td>
<td>18.85%</td>
<td>$1.56 trillion</td>
<td>$3.07 trillion</td>
</tr>
<tr>
<td>Tesla</td>
<td>77.48%</td>
<td>15.42%</td>
<td>$415.27 billion</td>
<td>$807.74 billion</td>
</tr>
<tr>
<td>Amazon</td>
<td>29.36%</td>
<td>6.64%</td>
<td>$1.53 trillion</td>
<td>$2.08 trillion</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>Average return, CAGR / Total market cap.</td>
<td>213.64%</td>
<td>25.02%</td>
<td>$7.58 trillion</td>
<td>$16.26 trillion</td>
</tr>
</tfoot>
</table>
</figure>
Among the Magnificent Seven, Nvidia as been the standout performer under Biden, surging 967.92% with an annualized return of 80.56%. This explosive growth, driven by the AI boom and demand for GPUs, has catapulted NVIDIA's market cap from $321.69 billion to over $3.4 trillion.
Apple, Microsoft, and Alphabet have all roughly doubled in market value under Biden, each delivering annualized returns close to 19%. These established tech giants benefited from strong growth in their cloud, advertising and services segments.
Tesla performance lagged behind the average of the basket. Tesla shares rose 77.48%, translating to a CAGR of 15.42%. The company&#8217;s market cap nearly doubled, reaching $807.74 billion.
Amazon stands out as a relative laggard in this group, with only a 29.36% gain — translating to a 6.64% CAGR — over the same period. The company has faced headwinds from slowing e-commerce growth post-pandemic and rising costs impacting its profitability.
<h3 class="wp-block-heading">Magnificent 7 Performance Under Trump</h3>
The same basket of tech stocks had an even more impressive run under the Trump administration from Nov. 8, 2016 to Nov. 2, 2020.
The SPY ETF delivered a 67% gain during the same time frame, slightly lagging broader market returns under Biden.
Here&#8217;s how each Magnificent Seven stock and the equally weighted basket performed during Trump&#8217;s tenure:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Stock</th>
<th>Return (%)</th>
<th>CAGR (%)</th>
<th>Market Cap (Nov. 8, 2016)</th>
<th>Market Cap (Nov. 2, 2020)</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVIDIA</td>
<td>631.84%</td>
<td>64.47%</td>
<td>$38.07 billion</td>
<td>$310.85 billion</td>
</tr>
<tr>
<td>Meta Platforms</td>
<td>113.57%</td>
<td>20.89%</td>
<td>$358.60 billion</td>
<td>$744.35 billion</td>
</tr>
<tr>
<td>Alphabet</td>
<td>102.67%</td>
<td>19.32%</td>
<td>$552.28 billion</td>
<td>$1.10 trillion</td>
</tr>
<tr>
<td>Apple</td>
<td>297.77%</td>
<td>41.22%</td>
<td>$592.21 billion</td>
<td>$1.85 trillion</td>
</tr>
<tr>
<td>Microsoft</td>
<td>241.38%</td>
<td>35.93%</td>
<td>$470.18 billion</td>
<td>$1.53 trillion</td>
</tr>
<tr>
<td>Tesla</td>
<td>987.26%</td>
<td>81.59%</td>
<td>$29.22 billion</td>
<td>$379.64 billion</td>
</tr>
<tr>
<td>Amazon</td>
<td>286.98%</td>
<td>40.26%</td>
<td>$331.19 billion</td>
<td>$1.51 trillion</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>Average return, CAGR / Total market cap.</td>
<td>380.2%</td>
<td>43.38%</td>
<td>$2.56 trillion</td>
<td>$7.42 trillion</td>
</tr>
</tfoot>
</table>
</figure>
Under Trump&#8217;s administration, the Magnificent Seven returned an average of 380.2%, with an annualized return of 43.38%.
A $10,000 investment in an equally weighted basket of the Magnificent Seven stocks at the start of Trump&#8217;s term would have grown to approximately $48,020 by Nov. 2, 2020.
This performance was driven by massive rallies, especially in Tesla and Nvidia, which surged 987.26% and 631.84%, respectively.
These stocks were boosted by early enthusiasm for electric vehicles and semiconductor technology, which set the stage for further gains in the Biden era.
Amazon and Apple also thrived during Trump's tenure, with gains of 286.98% and 297.77%, respectively, benefiting from booming e-commerce and strong iPhone sales. 
Even the more mature players, Microsoft and Alphabet, saw their market caps more than double, reflecting the ongoing expansion of cloud computing and digital advertising.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41720723/tesla-vs-nvidia-stock-performance-under-biden-might-reveal-truth-about-elon-musks-support-for-tr">Tesla Vs. Nvidia Stock Performance Under Biden Might Reveal Truth About Elon Musk&#8217;s Support For Trump</a></li>
</ul>
Photo via Shutterstock.

Magnificent 7 Basket Notches Over 200% Gain Since Biden's Election: How Did Tech Giants Perform Under Trump?

On Monday, Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) briefly claimed the title of the most valuable company globally, surpassing Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) in market value.
Nvidia&#8217;s stock surge pushed its market cap to $3.38 trillion, edging past Apple&#8217;s $3.35 trillion, CNBC <a target="_blank" href="https://www.cnbc.com/2024/11/05/nvidia-briefly-overtakes-apple-as-most-valuable-us-company-origin-story.html" rel="noreferrer noopener">reports</a>.
Although Apple regained the lead by the end of the day, Nvidia&#8217;s rise highlights the company&#8217;s trajectory from a 3D gaming startup to a dominant player in artificial intelligence (AI).
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05105210/newplot-2.png" alt="" class="wp-image-630578" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05105210/newplot-2.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05105210/newplot-2-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/11/41739764/taiwan-semiconductor-faces-rising-energy-costs-potential-outages-threaten-production" rel="noreferrer noopener">Taiwan Semiconductor Faces Rising Energy Costs, Potential Outages Threaten Production</a>
Much of Nvidia&#8217;s growth stems from its graphics processing units (GPUs), originally built for gaming but now critical in AI technology, enabling deep learning and cloud computing advances.
Nvidia&#8217;s revenue has soared, doubling over five quarters and tripling in three, driven by strong demand for its Blackwell AI GPU. Major tech firms like Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, and Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) are heavily investing in Nvidia&#8217;s GPUs, including the H100, to advance their AI projects.
Nvidia <a target="_blank" href="https://www.benzinga.com/news/24/11/41712053/end-of-an-era-ai-propels-nvidia-to-replace-struggling-intel-in-dow-index" rel="noreferrer noopener">was recently added</a> to the Dow Jones Industrial Average, replacing Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
Jim Cramer highlighted Google&#8217;s planned increase in AI infrastructure investments next year as a significant <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41625103/jim-cramer-says-googles-ai-investment-next-year-should-be-fabulous-for-nvidia" target="_blank" rel="noreferrer noopener">potential boost for Nvidia</a>.
Cramer noted that Alphabet&#8217;s third-quarter solid earnings and growing focus on AI set Nvidia up for further gains in the AI sector.
Nvidia&#8217;s origin story began in 1993 when co-founder and CEO Jensen Huang joined engineers Chris Malachowsky and Curtis Priem at a San Jose Denny&#8217;s restaurant, where they decided to start the company.
Back then, Huang was driven by a vision to develop affordable computing chips, a goal that first materialized in 1995 with the NV1 chip.
Although the NV1 struggled technically, nearly driving Nvidia to bankruptcy, the company&#8217;s next innovation—the RIVA 128 chip—gained commercial success in 1997.
Investors can gain exposure to Nvidia through SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: NVDA stock is up 2.8% at $139.88 at last check Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/11/41726213/applied-materials-and-lam-research-shift-supply-chains-away-from-china-to-meet-new-us-guidelines" target="_blank" rel="noreferrer noopener">Applied Materials and Lam Research Shift Supply Chains Away from China to Meet New US Guidelines</a></li>
</ul>
Photo: Shutterstock

INTC

Nvidia Takes Short-Lived Lead Over Apple In Valuation

Investors are zeroing in on what <a href="https://www.benzinga.com/general/politics">potential political outcomes</a> in the U.S. elections Tuesday could mean for the markets.
WisdomTree's Global CIO, Jeremy Schwartz and Senior Economist Jeremy Siegel have shared insights on how a Republican or Democratic win could shape sectors across both the equity and bond markets.
Here's what WisdomTree sees on the horizon.
<h2 class="wp-block-heading">Bond Market Volatility: How Policy Could Shape Yields</h2>
Siegel said bond markets are primed for volatility, with each election outcome pointing to different scenarios for interest rates and yields. A Republican sweep, accompanied by tax cuts and heightened fiscal spending, could push bond yields upward by 20 basis points or more, he said. In this scenario, investors might brace for inflationary pressures and potentially tighter monetary policy, which would counterbalance any short-term equity gains.
On the flip side, a Democratic sweep is seen as a stabilizing force for bonds, with expectations for moderated spending and pro-growth fiscal restraint. 
WisdomTree's Kevin Flanagan, head of fixed income strategy, notes that Democratic policies might offer a predictable, low-volatility environment that helps maintain steady rates and tempers inflation concerns.
A divided government could yield the "best case" for bonds, creating stability through gridlock that limits sweeping fiscal changes and curbs deficit growth.
<h2 class="wp-block-heading">Equity Market Winners: Mag 7 In Focus Under GOP, Infrastructure &amp; Clean Energy For Democrats</h2>
For equity markets, each scenario presents distinct opportunities, particularly in the growth-oriented and infrastructure sectors. Under a Republican administration, WisdomTree expects an initial boost in stocks like the Magnificent Seven: (Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>), Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). 
The Magnificent Seven stocks could be driven by extended tax cuts, reduced regulation, and potential capital gains exemptions.
The Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>) provides exposure to the Magnificent Seven stocks along with other popular tech-heavy ETFs such as the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), the Vanguard Information Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>).
This favorable backdrop for the tech-heavy sector could stimulate momentum, although Siegel cautions that rising yields might cap equity gains by pressuring valuations.
In contrast, a Democratic sweep would likely favor sectors tied to clean energy and infrastructure. With a focus on the Inflation Reduction Act, the Democratic agenda is expected to channel substantial support into solar, hydrogen and renewable energy projects. The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) provides exposure to solar stocks.
Read Also: <a href="https://www.benzinga.com/markets/esg/24/11/41722922/trump-vs-harris-evgo-cleveland-cliffs-plug-power-nucor-brace-for-2024-election-impact">Trump Vs. Harris: EVgo, Cleveland-Cliffs, Plug Power, Nucor Brace For 2024 Election Impact</a>
This shift would likely benefit clean energy stocks while weighing on small-cap stocks with high U.S. revenue exposure, as they would face the most significant earnings impact from higher corporate tax rates. 
Investors in clean energy ETFs such as the iShares Global Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NYSE">ICLN</a>) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRID#NYSE">GRID</a>) and those invested in small-cap stocks via ETFs such as the iShares Core S&amp;P Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJR#NYSE">IJR</a>) or the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) should be wary of their holdings.
According to Wisdom Tree, Democratic leadership could also benefit international markets, as the reduced likelihood of higher tariffs might ease trade concerns and foster demand.
<h2 class="wp-block-heading">Navigating The Election Landscape</h2>
Beyond direct impacts on stocks and bonds, WisdomTree suggests that a blend of strategies, such as private credit, inflation hedges like gold, and international exposure with currency hedging, may help investors manage market uncertainty.
Trade policies, inflation, and the Federal Reserve's trajectory are all likely to play roles in shaping post-election strategies, underscoring the value of a diversified approach.
As the U.S. awaits the election results, WisdomTree's analysis highlights a divided outlook for investors. Whether the election ushers in policies that lift the Magnificent Seven stocks or bolsters the bond market, each scenario brings unique opportunities and risks to watch in the weeks ahead.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41746843/bond-market-fear-gauge-soars-to-1-year-high-ahead-of-us-election-results-bond-vigil">Bond Market Fear Gauge Soars To 1-Year High Ahead Of US Election Results: &#8216;Bond Vigilantes Have Been Voting Early&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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Republican Win Likely To Lift Magnificent 7 Stocks, Democratic Sweep 'Better For Bonds,' Says WisdomTree

Good Morning Traders! In today&#39;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#39;s pulse to optimize your trading gains. Now, let&#39;s dive into the stock analysis:
<h3>SPDR S&amp;P 500 ETF Trust </h3>
SPY&nbsp;(ARCA: SPY) is currently holding near our focal level of 571.06. For bullish momentum, we&#39;d like to see an early advance to 572.15. If price action shows resilience above 572.15, we&rsquo;re expecting buyers to extend the price to the support area of 573.50. A steady hold above 573.60 during regular trading hours could set up a move to the next target at 574.65, with our high bull target for the session at 575.67.
On the downside, failure to sustain above 571.06 may invite bearish pressure. In that scenario, we&#39;re watching for a test at 569.98. Persistent selling could see bears challenge lower support at 569.16, and a deeper breakdown could drive SPY down to a firm support at 567.81. In a high-volatility session, our low bear target for SPY is positioned at 566.46.
<h3>Invesco QQQ Trust Series 1</h3>
The QQQ (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) is currently navigating around our level of 487.69. For bullish action, buyers should defend this level and aim to push up towards 490.05. A confirmed hold above 490.05 could bring 491.82 into play, showing renewed buyer confidence. If momentum holds, we&rsquo;re looking for a potential move higher to 493.60, with our optimistic bull target set at 495.35 for the day.
If QQQ struggles to hold above 487.69 in today&rsquo;s session, it may present an opportunity for bears to step in. A move lower could challenge 486.10, and persistent weakness could see further downside to 483.95. If sellers remain active, a test of 481.73 is likely. Should selling intensify, the low bear target for QQQ today sits at 479.03.
<h3>Apple Inc.</h3>
Apple&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is currently trading around our identified level of 221.66. Bulls will be looking for 222.24 to provide a base for a push higher. Should the auction hold above 222.24, the next upward target is 222.96, signaling bullish continuation. If buying momentum remains, we anticipate a test of 223.87, with the high bull target for Apple placed at 225.31.
If Apple fails to maintain support at 221.66, we could see a bearish test lower toward 220.97. Continued selling might drive the price down to 220.29, with bears pushing further if downward pressure persists. A breakdown here could lead Apple toward 219.19, and if this level fails, our low bear target for the day is at 218.08.
<h3>Microsoft Corp. </h3>
Microsoft&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is currently situated near our key level of 409.69. Bulls will look to defend this area and drive prices up toward 410.64. If this level solidifies as support, we may see a continuation rally toward 411.72. Consistent buyer strength today could lead Microsoft to its high bull target of 413.14.
A failure to hold 409.69 as support could open the door for a bearish test at 408.46. If bearish sentiment dominates, 407.11 may come into play as the next lower support. Continued selling pressure could lead Microsoft down to 406.01, with the day&rsquo;s low bear target set at 404.92 if sellers maintain control.
<h3>NVIDIA Corporation </h3>
NVIDIA&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) is auctioning near our level of 136.98. For a bullish session, we want to see the price advance to 137.94, holding this level as a base for upward movement. If buyers maintain this level, we may see a rally toward 138.55. Sustained buying could lift NVIDIA to our high bull target of 140.28.
If NVIDIA breaks below 136.98, bearish momentum could bring it down to test support at 135.64. Persistent selling might push the auction lower to 134.56. Should the downtrend continue, a test at 133.31 is expected, with the low bear target of 132.19 if the session weakens further.
<h3>Alphabet Inc Class A</h3>
Alphabet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) is currently near our level of 169.34. Bulls aim to uphold this level, pushing the price toward 171.14. If the auction stabilizes above 171.14, we may see a potential test of our high bull target at 172.28.
If 169.34 breaks down as support, bears may attempt to drive prices lower to 167.04. Sustained selling could press GOOGL down to 165.41, and if selling intensifies, the low bear target for the day is positioned at 163.79.
<h3>Meta Platforms Inc </h3>
Meta&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is currently balancing around 565.53. Bulls will want to see this level held firmly, allowing the price to rise toward 573.25. If buyers maintain their strength, we could see an extension to 580.17, aiming for the high bull target at 585.73.
If Meta fails to keep support at 565.53, bearish movement could drive the price down to 559.29. Further selling pressure might bring 553.05 into play, and if the downside trend continues, the low bear target for Meta is set at 548.44.
<h3>Tesla Inc. </h3>
Tesla&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is auctioning near our level of 248.37. Bulls will look to push higher to 250.25 and sustain the buying momentum above this level. If strong demand persists, we could see Tesla testing 252.38, with further upside bringing the high bull target at 256.34 into play.
If Tesla fails to hold 248.37 as a base, bears might seize control and drive prices toward 246.16. A break below this level could lead to a test at 243.98, with the low bear target set at 242.49 if selling pressure mounts.
Final Word: Today&#39;s trading session brings minimal economic data but some noteworthy events that could impact the markets. At 8:30 AM ET, the Trade Balance for September is set for release, offering insight into the country&rsquo;s export-import landscape. At 10 AM ET, the ISM Services Index for October will be published, providing a read on the strength of the service sector. Later, at 1 PM ET, the Treasury will conduct a 10-Year Note Auction, which could influence bond yields and overall market sentiment. Adding to the day&rsquo;s complexity, the U.S. Presidential Elections are taking place, and the outcomes could introduce unexpected volatility. This combination of factors calls for a cautious approach. Be prepared for quick market shifts, manage risk attentively, and trade safely amidst what may be a particularly unpredictable session. Best of luck in today&rsquo;s trade!
The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.
Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day&mdash;hours before it&#39;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.
For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Market Clubhouse Morning Memo - November 5th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has reportedly hit a roadblock in its plans to construct a nuclear-powered AI data center in the U.S. The discovery of a rare bee species on the proposed site has disrupted the project.
What Happened: Meta CEO Mark Zuckerberg had planned to collaborate with an existing nuclear power plant operator to provide emissions-free electricity for the new data center.
However, the project encountered several hurdles, including environmental and regulatory issues, <a href="https://www.ft.com/content/ed602e09-6c40-4979-aff9-7453ee28406a">reported</a> Financial Times, citing people familiar with the matter.
See Also: <a href="https://www.benzinga.com/news/24/11/41705075/jeff-bezos-backed-perplexitys-new-ai-election-hub-promises-real-time-vote-counts-and-candidate-summa?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos-Backed Perplexity&#8217;s New AI Election Hub Promises Real-Time Vote Counts And Candidate Summaries — But What About Its Accuracy?</a>
The rare bee species found on the land adjacent to the plant, where the data center was to be built, added to the project&#8217;s challenges. Zuckerberg shared this information during a company-wide meeting last week.
Despite the setback, Meta is still investigating various carbon-free energy alternatives, including nuclear.
Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments.
Why It Matters: The tech industry&#8217;s increasing demand for <a href="https://www.benzinga.com/markets/equities/24/07/39568237/tech-giants-eye-nuclear-power-to-fuel-ai-boom-raising-concerns-over-stability-and-environmental-">electricity to fuel the AI boom</a> has led to a significant shift towards nuclear power.
Meta&#8217;s rivals, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) have inked deals with <a href="https://www.benzinga.com/news/24/10/41358363/nuclear-stocks-soar-as-amazon-becomes-latest-tech-giant-to-invest-in-nuclear-power">nuclear power plant operators</a> to cater to their data centers&#8217; growing energy needs.
In September, Microsoft revealed plans to <a href="https://www.benzinga.com/news/24/09/40994664/pennsylvania-governor-josh-shapiro-urges-quick-connect-for-microsofts-nuclear-power-plan-involving-t">reactivate the dormant nuclear facility</a> at Three Mile Island in Pennsylvania.
In March, Amazon invested $650 million to establish a data center adjacent to the Susquehanna Steam Electric nuclear plant, also located in Pennsylvania.
Last month, Google announced its <a href="https://www.benzinga.com/news/24/10/41321236/sam-altmans-oklo-jumps-on-google-nuclear-deal-whats-going-on">intention to purchase power from</a> small modular reactor (SMR) developer Kairos Power.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/11/41703422/google-delivers-new-ai-features-to-maps-google-earth-waze-apps?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Delivers New AI Features To Maps, Google Earth, Waze Apps</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Mark Zuckerberg's Nuclear-Powered AI Ambitions At Meta Stung By Rare Bees

Once sidelined in favor of renewable sources, Goldman Sachs analysts suggest we are in the &#8220;early stages of <a href="https://www.benzinga.com/topic/nuclear-energy">nuclear renaissance in the U.S.&#8221;</a> 
Growing support from governments and major investments from tech giants like Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) are driving the momentum. 
<h3 class="wp-block-heading">Nuclear Power's Growing Role In Data Center Energy Demand</h3>
Goldman Sachs analysts, led by Brian Singer, highlight the mounting pressures of data center power needs, which they estimate will grow 165% by 2030 compared to 2023 levels.
This surge in demand is motivating &#8220;Big Tech&#8221; to diversify power sources, with a notable shift towards nuclear energy. 
&#8220;We continue to see Big Tech taking an all-in approach to sourcing power and pursuing low-carbon solutions,&#8221; Singer stated. 
He added, "While we continue to assume renewables will meet only 40% of data center power demand growth through 2030, we see potential for a significant rise in nuclear's share in the 2030s."
The limitations of renewable energy sources like solar and wind, which require substantial land, have made nuclear a compelling alternative. According to Singer, natural gas and nuclear require a much more modest acreage footprint versus utility-scale solar.
See Also: <a href="https://www.benzinga.com/markets/esg/24/05/38759168/solar-is-leaving-wind-in-the-dust-as-world-renewable-energy-hits-new-high">Solar Is Leaving Wind In The Dust As World Renewable Energy Hits New High</a>
<h3 class="wp-block-heading">Small Modular Reactors (SMRs) On The Rise</h3>
The development of Small Modular Reactors (SMRs), which are more compact and versatile than traditional reactors, is at the center of this nuclear resurgence. 
Hyperscale cloud providers, including Google, Amazon, and Microsoft, have already signed multiple contracts for SMR technology, aiming to power their expanding data centers with low-carbon, reliable energy.
"The prospects of more localized, onsite low-carbon reliable power has led to a surge in contracting by hyperscalers to support the development of small modular nuclear reactors,&#8221; the analysts wrote. 
Beyond SMRs, large-scale nuclear projects are also gaining momentum. 
Constellation Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NYSE">CEG</a>) recently announced it would bring back online a dormant unit at the Three Mile Island plant, backed by a "take-or-pay" power contract with Microsoft. 
According to the Goldman Sachs report, this could be just the beginning, with "potential for approximately two additional plants to be brought online in the U.S." over the next several years.
"Recognition of accelerated power demand growth from utilities is leading to greater willingness to consider new large-scale reactors," said Singer.
<h3 class="wp-block-heading">Governments Rethink Nuclear Amidst Energy Security Concerns</h3>
The policy landscape around nuclear energy is also shifting as countries worldwide seek stable and sustainable energy sources. "We're seeing greater support by governments across the globe," said Singer. 
"Switzerland is reconsidering nuclear, there's bipartisan support in the U.S., and even Australia's opposition party has proposed integrating nuclear into the country's energy mix." 
He indicated that at COP28, there was a global agreement to triple nuclear capacity by 2050—a significant signal that the nuclear narrative is changing.
<h3 class="wp-block-heading">Uranium Sourcing Challenges</h3>
Uranium sourcing remains a complex issue, with nearly half of global uranium supply controlled by China, Russia, and Kazakhstan. 
In contrast, Europe and the Americas source about 30% of uranium production, hold 56% of conversion capacity, and 41% of enrichment capacity. 
"We expect greater clarity on rules and confidence surrounding uranium sourcing will be key to moving forward with a meaningful ramp-up in nuclear generation capacity in the U.S. and Europe," Singer explained.
<h3 class="wp-block-heading">Cameco Corporation Positioned To Benefit From Nuclear Revival</h3>
Among the companies poised to benefit from this nuclear revival, Cameco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) stands out as the key gainer according to Goldman Sachs. 
"We see Cameco's positioning across the entirety of the fuel cycle as a key driver underpinning our constructive view on the stock," said Singer.
Cameco&#8217;s operations span mining, conversion, enrichment, and fuel fabrication. Goldman Sachs suggests the company is well-positioned to support both traditional and emerging nuclear energy applications.
The investment bank holds a &#8216;Buy&#8217; rating on the stock, with a 12-month price target of $61. This implies a 20% rally from current market levels.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41720723/tesla-vs-nvidia-stock-performance-under-biden-might-reveal-truth-about-elon-musks-support-for-tr">Tesla Vs. Nvidia Stock Performance Under Biden Might Reveal Truth About Elon Musk&#8217;s Support For Trump</a></li>
</ul>
Image: Shutterstock

Econ #s

Goldman Sachs Sees 'Early Stages Of Nuclear Renaissance In US:' Analysts Highlight Top Stock Poised To Benefit From Data Centers' Energy Demand

Whales with a lot of money to spend have taken a noticeably bullish stance on Alphabet.
Looking at options history for Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) we detected 54 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 38% with bearish.
From the overall spotted trades, 26 are puts, for a total amount of $3,443,605 and 28, calls, for a total amount of $2,254,952.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $200.0 for Alphabet over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Alphabet's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Alphabet's significant trades, within a strike price range of $125.0 to $200.0, over the past month.
<h3>Alphabet Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730741445_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>GOOGL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.44</td>
<td>$2.41</td>
<td>$2.44</td>
<td>$155.00</td>
<td>$1.4M</td>
<td>13.9K</td>
<td>7.0K</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$7.85</td>
<td>$7.75</td>
<td>$7.76</td>
<td>$170.00</td>
<td>$931.2K</td>
<td>23.3K</td>
<td>2.1K</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$20.0</td>
<td>$19.7</td>
<td>$20.0</td>
<td>$175.00</td>
<td>$500.0K</td>
<td>1.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$20.0</td>
<td>$19.7</td>
<td>$19.97</td>
<td>$175.00</td>
<td>$499.2K</td>
<td>1.1K</td>
<td>750</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$20.1</td>
<td>$20.0</td>
<td>$20.0</td>
<td>$175.00</td>
<td>$188.0K</td>
<td>1.1K</td>
<td>96</td>
</tr>
</tbody>
</table>

<h3>About Alphabet</h3>
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.
Having examined the options trading patterns of Alphabet, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Alphabet</h3>
<ul>
<li>With a trading volume of 9,406,686, the price of GOOGL is down by -1.75%, reaching $168.3.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 85 days from now.</li>
</ul>
<h3>What The Experts Say On Alphabet</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $210.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Roth MKM continues to hold a Buy rating for Alphabet, targeting a price of $212. 
&#x2A; Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for Alphabet, targeting a price of $220. 
&#x2A; Consistent in their evaluation, an analyst from Pivotal Research keeps a Buy rating on Alphabet with a target price of $225. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on Alphabet, which currently sits at a price target of $205. 
&#x2A; An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $190. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Alphabet, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Behind the Scenes of Alphabet's Latest Options Trends

JOET

Live On CNBC, Joe Terranova Announces Terranova ETF (JOET) Sells Alphabet Inc. - Class A

Good Morning Traders! In today&#39;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#39;s pulse to optimize your trading gains. Now, let&#39;s dive into the stock analysis:
<h3>SPDR S&amp;P 500 ETF Trust</h3>
SPY&nbsp;(ARCA: SPY) is currently trading near our level of 542.15. To maintain bullish momentum, we&rsquo;re watching for an initial lift to 573.50. Holding above 573.50 could indicate sustained buying, with the potential for buyers to aim for 574.65 as support. Should 574.65 hold firm during the trading day, it could encourage a push toward 575.67. For today&rsquo;s session, the bulls&rsquo; high target on SPY sits at 576.62.
However, if 572.15 fails to act as support, bears may gain momentum, leading to a test at 571.06. Persistent selling pressure could drive the price lower to challenge 569.98. If bearish momentum accelerates past this level, we expect support around 569.16. In a more intense sell-off scenario, the day&rsquo;s low target for SPY could reach down to 567.81.
<h3>Invesco QQQ Trust Series 1</h3>
The QQQs (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) are trading close to our level of 487.69. For a bullish scenario, we want to see buyers sustain this level and drive the price above it. Holding above 487.69 could see buyers pushing up to 490.05, where we&rsquo;ll look for support to strengthen. If this level solidifies, we might see an attempt to reach 491.82. With a strong session, bulls might target 493.60, with a high target at 495.35.
If 487.69 doesn&rsquo;t hold as support during regular trading, we&rsquo;ll look for the bears to attempt a move lower, potentially testing 486.10. With ongoing selling, the next key level is 483.95, where bears may try to push lower. If sellers continue to dominate, we could see a further drop to 481.73. Should this support break, the day&rsquo;s bear target sits at 479.03.
<h3>Apple Inc.</h3>
Apple&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is currently trading around 221.66. For the bulls, we&rsquo;re watching for strength at 222.24 to establish solid support, creating a foundation for further gains. Should 222.24 hold, a rally toward 222.96 is possible. Continued bullishness might see Apple testing 223.87, with a potential peak target for bulls at 225.31 if momentum holds steady.
On the other hand, a failure to hold 221.66 could lead to a pullback, testing 220.97. If bears control the action here, we may see Apple heading toward 220.29. Sustained selling pressure could bring the price down to 219.19, with the low bear target marked at 218.08 for today&rsquo;s session.
<h3>Microsoft Corp.</h3>
Microsoft (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is trading near our key level of 410.64. For bullish interest, holding above 410.64 is essential to encourage a move toward 411.72. If this level solidifies as support, continued buying may propel the price to 413.14. Persistent bullish sentiment could allow Microsoft to reach our high target for the day at 414.56.
If 410.64 fails to act as support, sellers may push the price lower, first testing 409.69. A move below this level could lead to a test of 408.46, with further downside action potentially driving the price down to 407.11. Our low bear target for Microsoft today stands at 406.01 if bearish momentum prevails.
<h3>NVIDIA Corporation</h3>
NVIDIA&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) is currently hovering around the 138.55 level. For bullish traction, we&rsquo;ll look for an advance to 139.42 and a consolidation above this level as support. A rally past 139.42 could prompt a push to 140.28, with buyers potentially eyeing 141.21 as an upside target. The day&rsquo;s high bull target for NVIDIA is set at 142.35.
If 138.55 fails as support, sellers may push NVIDIA lower, initially targeting 137.94. Continued selling could result in a test of 136.98, with further downside likely testing 135.64. Should the sell-side pressure persist, the low bear target for today is anticipated around 134.56.
<h3>Alphabet Inc Class A</h3>
Alphabet&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) is auctioning near 171.14. Bulls will aim to hold this level, targeting an initial move to 172.28. If momentum supports a rally, Alphabet may challenge 173.59 as the next level. Strong buying could see a run toward our high bull target of 174.01 for the day.
If support fails at 171.14, we expect the bears to attempt a move lower to 169.34. Sustained downside action could bring Alphabet to test 167.04. Should this level give way, intense selling could drive the price down to our low bear target at 165.41.
<h3>Meta Platforms Inc</h3>
Meta&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is currently around the 565.53 mark. Bulls will want to defend this support level, eyeing a push up to 573.25. Continued bullish sentiment could drive Meta to 580.17, with the high bull target pegged at 585.73 for today&rsquo;s trading session.
Conversely, if 565.53 doesn&rsquo;t hold, we could see the bears taking charge, moving the price down toward 559.29. If the selling pressure intensifies, the next key level is 553.05. A deeper decline may bring Meta to test our low bear target at 548.44.
<h3>Tesla Inc.</h3>
Tesla&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is trading near the 243.98 level. Bulls are eyeing an initial move toward 246.16, with a potential breakout above to test 248.37. If buying momentum is strong today, a rally could push Tesla to test 250.25. The high bull target for Tesla is set at 252.38.
Should 243.98 fail as support, we anticipate a test of 242.49. Persistent selling could lead to a further drop to 239.92. If this level breaks down under pressure, Tesla&rsquo;s low bear target for the day lies at 238.50.
Final Word: Today&rsquo;s trading session is relatively light on economic data. Key releases include Factory Orders, Durable Goods Orders, and Capital Goods Orders for September at 10 AM ET. Shortly after, the Treasury will hold a 3-month and 6-month Bill Auction at 11:30 AM ET, followed by a 3-Year Note Auction at 1 PM ET, which could have an impact on market liquidity and investor sentiment. Given the minimal economic data, traders should focus closely on price action and volume dynamics, as they will be instrumental in identifying market direction. Additionally, it&rsquo;s crucial to monitor any geopolitical or election-related news, especially with the U.S. Presidential election scheduled for tomorrow. Trading vigilance is key, as unexpected news could introduce volatility. Good luck, trade carefully, and keep an eye on evolving market trends!
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This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Market Clubhouse Morning Memo - November 4th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) maintained its upward momentum on Monday as it <a target="_blank" href="https://www.benzinga.com/markets/equities/24/11/41699259/nvidia-rides-ai-wave-to-replace-intel-on-dow-jones-industrial-average-ending-its-25-year-run" rel="noreferrer noopener">prepares to replace</a> Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) in the Dow Jones Industrial Average. Struggling chipmaker and key U.S. Chips Act contender Intel stock is trading lower on Monday.
S&amp;P Dow Jones Indices announced Friday that Nvidia and Sherwin-Williams Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) will join the index next week.
After 25 years on the Dow, Intel will be replaced by Nvidia, while Sherwin-Williams will take over from Dow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/10/41601188/intel-strengthens-ties-with-china-invests-300-million-to-expand-chip-operations" rel="noreferrer noopener">Intel Strengthens Ties with China, Invests $300 Million to Expand Chip Operations</a>
This move reflects market shifts in chipmaking and further setbacks for Intel.
The Dow&#8217;s 30 components are weighted by share price, not market cap.
Nvidia positioned itself for inclusion by announcing a 10-for-1 stock split in May, reducing its share price without impacting market cap, allowing it to join without significantly affecting the index&#8217;s balance, CNBC <a target="_blank" href="https://www.cnbc.com/2024/11/01/nvidia-to-join-dow-jones-industrial-average-replacing-intel.html" rel="noreferrer noopener">reports</a>.
Nvidia&#8217;s revenue has surged, doubling in the past five quarters and tripling in three, as <a target="_blank" href="https://www.benzinga.com/news/24/10/41494373/whats-going-on-with-nvidia-stock-on-wednesday" rel="noreferrer noopener">demand for its</a> next-generation Blackwell AI GPU remains exceptionally high.
Tech giants like Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, and Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) are splurging on Nvidia&#8217;s GPUs, including the H100, to accomplish their AI ambitions.
Beth Kindig of&nbsp;I/O Fund&nbsp;expects&nbsp;Blackwell chips to help Nvidia reach a&nbsp;$10 trillion valuation&nbsp;by next year.&nbsp;
Meanwhile, Intel faces significant challenges. Once dominant in PC chip manufacturing, Intel has lost ground to Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and has yet to progress in AI.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04063652/newplot-1.png" alt="" class="wp-image-627602" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04063652/newplot-1.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04063652/newplot-1-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
This week, Intel&#8217;s board approved cost-saving measures, including reducing its workforce by 16,500 employees and downsizing its real estate holdings—a plan first disclosed in August.
Intel stock plunged to 52% year-to-date, while Nvidia surged over 181%.
Price Actions: At last check on Monday, NVDA stock was up 1.92% at $138.01 premarket, while INTC was down 1.38%.
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<li><a href="https://www.benzinga.com/news/24/11/41688837/apple-satellite-connectivity-provider-globalstar-stock-surges-after-deal-extension" target="_blank" rel="noreferrer noopener">Apple Satellite Connectivity Provider Globalstar Stock Surges After Deal Extension</a></li>
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Image via Shutterstock

Movers

End Of An Era - AI Propels Nvidia To Replace Struggling Intel In Dow Index

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is set to double its production capacity for advanced packaging, a move driven by the increasing demand for artificial intelligence chips from major players like Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).
What Happened: TSMC&#8217;s CoWoS (Chip-on-Wafer-on-Substrate) advanced packaging is experiencing a surge in demand, particularly from AI chip manufacturers and cloud service providers, <a href="https://www.cna.com.tw/news/afe/202411030021.aspx">reported</a> CNA. 
TSMC is expected to double its production capacity in 2025, with Nvidia projected to occupy over 50% of the capacity.
Despite TSMC&#8217;s efforts to ramp up production, the demand for advanced packaging continues to outstrip supply. The company plans to double its CoWoS production capacity by 2025, according to the report.
Notably, TSMC&#8217;s Arizona plant in the U.S. will collaborate with major packaging and testing company Amkor to expand the production of advanced packaging, in response to the increasing demand from AI and AI chip manufacturers.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41678522/jim-cramer-warns-apple-stock-should-have-never-been-up-that-much-after-q3-earnings-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Warns Apple Stock Should Have &#8216;Never Been Up That Much&#8217; After Q3 Earnings</a>
Why It Matters: The decision by TSMC to double its CoWoS production capacity comes at a time when Nvidia is making significant strides in the AI sector, recently replacing Intel on the Dow Jones Industrial Average.
This shift underscores Nvidia&#8217;s growing influence and the <a href="https://www.benzinga.com/markets/equities/24/11/41699259/nvidia-rides-ai-wave-to-replace-intel-on-dow-jones-industrial-average-ending-its-25-year-run">increasing demand for AI technology</a>.
Meanwhile, TSMC has faced challenges, such as disruptions caused by <a href="https://www.benzinga.com/news/24/10/41647779/taiwan-semiconductor-shares-dip-in-premarket-as-typhoon-kong-rey-brings-severe-disruptions-to-taiwan">Typhoon Kong-rey</a>, impacting its operations in Taiwan.
Additionally, TSMC&#8217;s advancements in 3-nanometer technology have been pivotal, as evidenced by Apple&#8217;s recent launch of the M4 Pro and M4 Max chips, further emphasizing the importance of <a href="https://www.benzinga.com/news/24/10/41633790/apple-refreshes-macbook-pro-lineup-with-m4-pro-and-m4-max-3nm-chips">TSMC&#8217;s role in the semiconductor industry</a>.
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Nvidia Supplier TSMC To Double Advanced Chip Packaging Capacity As AI Demand From Microsoft, Amazon Soars

On Friday, Perplexity, an artificial intelligence startup, announced an AI-powered Election Information Hub, promising real-time vote counts and candidate summaries.
What Happened: The hub, which will be operational on Election Day, Nov. 5, is designed to provide AI-generated answers to voting queries and summaries of candidates. The live vote count will be based on data from The Associated Press.
Perplexity&#8217;s voter information, including polling requirements, locations, and times, is derived from data provided by Democracy Works, the same group that powers similar features for Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google.
&#8220;You can ask about topics like voting requirements, how to find your polling place, and poll times, as well as receive detailed, AI-summarized analysis on ballot measures and candidates, including official policy stances and endorsements,&#8221; the startup said in a blog post.
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/41686435/intel-says-it-wont-even-make-500m-from-gaudi-ai-chips-in-2024-despite-nvidia-minting-billions-ce?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Intel Says It Won&#8217;t Even Make $500M From Gaudi AI Chips In 2024 Despite Nvidia Minting Billions: CEO Gelsinger Says Uptake &#8216;Slower Than We Anticipated&#8217;</a>
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/03235342/Screenshot-2024-11-04-at-9.23.37%E2%80%AFAM-1024x583.png" alt="" class="wp-image-627021" /><figcaption class="wp-element-caption">Source: Perplexity</figcaption></figure>
The company&#8217;s election-related answers are sourced from &#8220;a curated set of the most trustworthy and informative sources,&#8221; Perplexity spokesperson Sara Plotnick <a href="https://www.theverge.com/2024/11/3/24287157/perplexity-ai-election-voting-information-tracking-hub-us-presidential-election-2024-trump-harris">told</a> The Verge.
She further explained that the selected domains are non-partisan and fact-checked, including Ballotpedia and news organizations.
However, the hub has faced some challenges. For instance, it failed to mention that Robert F. Kennedy, who was listed on the ballot, had dropped out of the race, the report noted.
It also listed a &#8220;Future Madam Potus&#8221; candidate that led to a summary of Vice President Kamala Harris&#8217; candidacy, with some meme pictures not in her usual summary. Plotnick said the company is investigating these issues.
The errors highlight the difficulties of using generative AI for high-stakes use cases, a reason why other AI companies like OpenAI&#8217;s ChatGPT, Meta AI, and Google Gemini have refrained from doing so.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Founded two years ago with backing from Amazon founder Jeff Bezos, Perplexity is a search-driven chatbot designed to deliver real-time information.
This startup <a href="https://www.benzinga.com/news/24/04/38398735/jeff-bezos-backed-perplexity-ai-is-now-a-unicorn-after-latest-fundraise-softbanks-masayoshi-son-nvid">became a unicorn in April</a> earlier this year after a successful funding round. The company&#8217;s revenue and usage has also <a href="https://www.benzinga.com/general/entrepreneurship/24/08/40292703/perplexity-ais-revenue-usage-skyrocket-as-it-enters-into-advertising">skyrocketed by 700%</a> since the start of the year, answering about 250 million questions in the July alone.
Last month, the company aimed for an <a href="https://www.benzinga.com/markets/equities/24/10/41420230/jeff-bezos-backed-perplexity-aims-for-8b-valuation-in-new-funding-round-ai-fueled-google-challen">$8 billion valuation</a> in its latest funding round.
The San Francisco-based firm, whose valuation has tripled over the last year, reportedly intends to secure around $500 million in its upcoming fourth funding round.
Aravind Srinivas, the CEO of Perplexity, has also actively spoken out <a href="https://www.benzinga.com/news/24/10/41399723/jeff-bezos-backed-perplexity-ai-aims-to-break-google-and-metas-duopoly-with-new-internal-knowledge-s">against the dominance</a> of Google and Meta in the search and advertising sectors.
Perplexity has previously also expressed criticism towards <a href="https://www.benzinga.com/news/24/06/39265048/jeff-bezos-backed-perplexity-ceo-criticizes-googles-ad-heavy-model-it-ended-up-going-the-same-path-a">Google&#8217;s ad-centric approach</a> and is focused on transforming the search engine industry.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Jeff Bezos-Backed Perplexity's New AI Election Hub Promises Real-Time Vote Counts And Candidate Summaries — But What About Its Accuracy?

Alphabet, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google has added new generative AI capabilities to its Google Maps, Waze and Google Earth offerings through the company's Gemini AI model. Here's a look at the new capabilities available in some of Google's most <a href="https://www.benzinga.com/news/24/10/41663190/openai-rolls-out-chatgpt-search-google-shares-slide">commonly used apps</a>. 
Google Maps: Users can now ask Google Maps for inspiration on where to go and what to do curated with Gemini AI. Questions like, "things to do with friends at night" will produce <a href="https://blog.google/products/maps/gemini-google-maps-navigation-updates/">local results</a> curated with Gemini, including a summarized review of the location. Users can also ask follow-up questions like where to park or if the venue offers outdoor seating.&nbsp;
Read More: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41431993/amd-to-benefit-from-ai-competitive-arms-race-goldman-sachs">AMD To Benefit From AI &#8216;Competitive Arms Race&#8217;: Goldman Sachs</a>
Waze: Google has added a Conversational Reporting <a href="https://blog.google/waze/conversational-reporting-waze/">feature</a> to the Waze app which allows users to report a range of incidents, including traffic, potholes and accidents by tapping the reporting button and speaking naturally. Gemini AI models allow Waze to understand the user, add a real-time report to the map and even ask relevant follow-up questions to categorize the report.&nbsp;
The new feature will launch in beta to select English-speaking users this week and will expand to more users and languages in the coming months, Google said.&nbsp;
Google Earth: Google also updated Maps and Google Earth with new generative AI capabilities to provide developers and urban planners with real-world information and to help solve geospatial problems. "Grounding" is a <a href="https://blog.google/products/earth/grounding-google-maps-generative-ai/">new capability</a> that allows developers to use Google&#8217;s place data to help make answers generated by LLMs more factual by reflecting updates from the 250 million places in Google Maps.
Starting next month, Google will also bring Gemini capabilities to Google Earth allowing urban planners to access deeper, city-level insights and significantly reduce the time spent analyzing data.&nbsp;
Google's new AI-powered features come on the heels of OpenAI's announcement that ChatGPT is now capable of <a href="https://www.benzinga.com/news/24/10/41663190/openai-rolls-out-chatgpt-search-google-shares-slide">crawling the web</a> for up-to-date news, sports scores, stock quotes and more. The companies are competing, along with other major tech players, to bring AI to the consumer level through everyday devices and apps.&nbsp;
GOOG Price Action: According to data from<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw"> Benzinga Pro</a>, Alphabet shares ended Friday's session 0.02% lower at $172.65.&nbsp;
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Image: Shutterstock

Google Delivers New AI Features To Maps, Google Earth, Waze Apps

The week was a whirlwind of AI-related news, with major companies like Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), OpenAI, and Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) making headlines. From AI-driven hiring strategies to bold predictions about the future of AI, the weekend was a testament to the growing influence of artificial intelligence in various sectors.
<h3 class="wp-block-heading">Chipotle Leverages AI To Boost Hiring Efficiency</h3>
Interim CEO of Chipotle Mexican Grill, Scott Boatwright, revealed that the company is using AI to reduce hiring time by 75% during the busy &#8216;Burrito Season&#8217;. The company&#8217;s initiatives to improve service times have significantly boosted revenue growth.
<a href="https://www.benzinga.com/news/24/10/41615835/chipotle-is-using-an-ai-tool-to-slash-hiring-time-by-75-during-busy-burrito-season">Read the full article here.</a>
<h3 class="wp-block-heading">Elon Musk Foresees AI Matching Human Capabilities</h3>
Tesla CEO Elon Musk predicted that AI could reach human-level capabilities by 2029. Musk highlighted that AI is advancing at an impressive rate, improving roughly tenfold each year.
<a href="https://www.benzinga.com/news/24/10/41618261/elon-musk-predicts-ai-will-match-human-capabilities-in-few-years-the-cup-is-80-full-maybe-90">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/11/41698648/elon-musks-x-reportedly-hit-with-new-wave-of-layoffs-engineering-department-faces-major-cuts-amid-un?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s X Reportedly Hit With New Wave Of Layoffs: Engineering Department Faces Major Cuts</a>
<h3 class="wp-block-heading">Nvidia Executive Predicts AI Taking Human Form</h3>
A top executive at Nvidia believes AI will soon take on a "human form." Masataka Osaki, the Vice President of Worldwide Field Operations at Nvidia, made this bold prediction at the Global Management Dialogue event in Tokyo.
<a href="https://www.benzinga.com/markets/equities/24/10/41591438/nvidias-executive-says-ai-will-soon-take-human-form-the-machine-is-to-the-body-what-ai-is-to-the">Read the full article here.</a>
<h3 class="wp-block-heading">OpenAI Challenges Google With Chatgpt Search</h3>
OpenAI announced that its flagship product, ChatGPT, is now capable of crawling the web for up-to-date news, sports scores, stock quotes, and more, posing a potential challenge to Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) search dominance.
<a href="https://www.benzinga.com/news/24/10/41663190/openai-rolls-out-chatgpt-search-google-shares-slide">Read the full article here.</a>
<h3 class="wp-block-heading">Intel&#8217;s Gaudi AI Chips Fall Short Of Revenue Targets</h3>
Intel CEO Pat Gelsinger revealed that the Gaudi AI accelerator program will fall short of revenue targets due to a transition from second to third generation.
<a href="https://www.benzinga.com/markets/equities/24/11/41686435/intel-says-it-wont-even-make-500m-from-gaudi-ai-chips-in-2024-despite-nvidia-minting-billions-ce">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41678522/jim-cramer-warns-apple-stock-should-have-never-been-up-that-much-after-q3-earnings-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Warns Apple Stock Should Have &#8216;Never Been Up That Much&#8217; After Q3 Earnings</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Chipotle's Hiring, Musk's Predictions, And Nvidia's Human-Like AI: This Week In Artificial Intelligence

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
Major U.S. indexes saw a volatile close to the week, with the S&amp;P 500 and Nasdaq each down over 1%, largely influenced by recent earnings impacts from tech heavyweights like Microsoft and Meta Platforms. The Dow also edged lower by 0.2%, reflecting broader market apprehension following an October close that ended a five-month run of gains.
The CBOE Volatility Index (VIX) spiked 34% in October—its third-highest increase for that month in an election year—indicating heightened market caution. 
Adding to this outlook, October's nonfarm payroll numbers reported only 12,000 new jobs, which has strengthened expectations for a Fed rate cut in the coming weeks. Markets largely predict <a href="https://www.benzinga.com/news/earnings/24/11/41696201/market-volatility-soars-ahead-of-elections-tech-earnings-mixed-strikes-and-hurricanes-knock-employm">another reduction by year-end.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41646462/michael-saylor-says-bitcoin-remedy-to-fix-unhealthy-balance-sheets-as-microstrategy-unveil">Michael Saylor Says Bitcoin Remedy To Fix Unhealthy Balance Sheets As MicroStrategy Unveils Massive $42B BTC Purchase Plan</a>,&#8221; by <a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, reveals MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) CEO Michael Saylor&#8216;s argument that Bitcoin can stabilize corporate finances, announcing a $42 billion initiative to expand its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings, which currently total 252,220 BTC, valued at $18.23 billion.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41596454/tesla-bull-says-elon-musk-led-ev-giant-is-no-longer-seen-as-an-auto-company-by-inve">Tesla Bull Says Elon Musk-Led EV Giant Is No Longer Seen As An Auto Company By Investors, Explains Why Its Stock Trades At A Hefty Premium To Legacy Rivals</a>,&#8221; by <a href="https://www.benzinga.com/author/anan-ashraf">Anan Ashraf</a>, shares insights from Gary Black of The Future Fund, who argues that Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) commands a premium valuation as investors increasingly view it as a tech company due to its growth in EVs and autonomous driving.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41633360/dogecoins-rally-has-just-begun-for-this-cycle-predicts-trader-who-foresees-parabolic-surge">Dogecoin&#8217;s Rally &#8216;Has Just Begun For This Cycle,&#8217; Predicts Trader Who Foresees Parabolic Surge In November</a>,&#8221; by <a href="https://www.benzinga.com/author/khyathi-dalal">Khyathi Dalal</a>, features a trader&#8217;s analysis that Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) could surge in November, fueled by patterns from prior post-halving cycles, with a breakout above 20 cents as a key target. 
&#8220;<a href="https://www.benzinga.com/general/politics/24/10/41630878/djt-short-squeeze-could-push-stock-to-60-if-trump-wins-but-analysis-says-loss-could-make-shares-">DJT Short Squeeze Could Push Stock To $60 If Trump Wins, But Analysis Says Loss Could Make Shares &#8216;Worthless&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, explains that Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares are poised for volatility amid Election Day, with S3 Partners noting that a Trump victory could trigger a short squeeze pushing prices to $60, while a loss might render shares worthless.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/general/entertainment/24/10/41616337/google-bought-youtube-for-1-65b-and-now-it-prints-50b-in-revenue-just-in-1-year-sundar-pich">Google Bought YouTube For $1.65B And Now It Prints $50B In Revenue Just In 1 Year — Sundar Pichai Says Alphabet &#8216;Leaning Into The Living Room Experience&#8217;</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41605605/gold-hits-record-highs-defies-market-gravity-why-the-precious-metal-is-decoupling-f">Gold Hits Record Highs, Defies Market Gravity: Why The Precious Metal Is Decoupling From Treasury Yields</a>
<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41633360/dogecoins-rally-has-just-begun-for-this-cycle-predicts-trader-who-foresees-parabolic-surge">Dogecoin&#8217;s Rally &#8216;Has Just Begun For This Cycle,&#8217; Predicts Trader Who Foresees Parabolic Surge In November</a>
The Bears
&#8220;<a href="https://www.benzinga.com/government/24/10/41604100/trump-goes-after-taiwan-semiconductor-on-joe-rogan-podcast">Trump Goes After Taiwan Semiconductor On Joe Rogan Podcast</a>,&#8221; by <a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, covers Donald Trump&#8216;s critique of Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) on the Joe Rogan podcast, accusing Taiwan of undermining U.S. chip production and promising tariffs if elected.
&#8220;<a href="https://www.benzinga.com/news/24/10/41616230/sundar-pichai-admits-doj-proposals-could-have-unintended-consequences-google-mapping-out-plan-b-in-c">Sundar Pichai Admits DOJ Proposals Could Have &#8216;Unintended Consequences&#8217; — Google Mapping Out Plan B In Case Apple Ends Search Deal</a>,&#8221; by <a href="https://www.benzinga.com/author/ananya-gairola">Ananya Gairola</a>, reports Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) CEO Sundar Pichai's concerns over DOJ antitrust proposals potentially destabilizing the tech industry, while hinting at contingency plans if Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) ends its search partnership.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41661361/super-micro-analyst-suspends-rating-over-governance-accounting-issues">Super Micro Analyst Suspends Rating Over Governance, Accounting Issues</a>,&#8221; by <a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, details a Rosenblatt analyst&#8217;s decision to suspend his rating for Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) after Ernst &amp; Young resigned as its auditor due to governance and transparency issues.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/news/24/10/41619340/blackrocks-larry-fink-warns-against-overly-optimistic-fed-rate-cuts-cites-high-embedded-inflation-an">BlackRock&#8217;s Larry Fink Warns Against Overly Optimistic Fed Rate Cuts, Cites High &#8216;Embedded Inflation&#8217; And Predicts Only 1 Reduction This Year</a>
<a href="https://www.benzinga.com/news/24/10/41616573/ipod-co-creator-tony-fadell-dismisses-chatgpt-type-llms-saying-were-trying-to-make-science-fiction-h">iPod Co-Creator Tony Fadell Dismisses ChatGPT Type LLMs Saying &#8216;We&#8217;re Trying To Make Science Fiction Happen&#8217; — Bashes Silicon Valley&#8217;s Entitlement</a>
<a href="https://www.benzinga.com/markets/asia/24/10/41593032/starbucks-chinese-rival-luckin-coffee-plans-us-comeback-with-2-drinks-after-fraud-scandal-that-led-t">Starbucks&#8217; Chinese Rival Luckin Coffee Plans US Comeback With $2 Drinks After Fraud Scandal That Led To Its Nasdaq Delisting: Report</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
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Benzinga Bulls And Bears: Tesla, Alphabet, Trump Media, Super Micro — Trader Predicts Dogecoin Rally Above 20 Cents In November

The U.S. stock market experienced a setback at the end of October, breaking a five-month winning streak as election uncertainties and mixed tech <a href="https://www.benzinga.com/earnings">earnings dampened risk sentiment</a>.
A key measure of market turbulence, the CBOE Volatility Index, or VIX, surged by 34% last month, marking the third-largest increase for an October <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41665265/vix-index-notches-third-strongest-october-spike-in-an-election-year-s-p-500-snaps-5">in an election year.</a>
Tech giants' earnings were underwhelming, except for Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>). None of the other &#8220;Magnificent Seven&#8221; companies posted positive weekly performance. As a result, the Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>) fell nearly 2% for the week. This marks the worst weekly performance in two months.
Among mega-cap companies, the top performers for the week were Charter Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) and Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), both rising approximately 9%. Booking also marked the strongest weekly gains since August 2022. 
The main laggards were Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), down 9% and 8%, respectively, for the week. 
On the macroeconomic front, the U.S. economy saw a surprising slowdown in job growth in October, with <a href="https://www.benzinga.com/news/econ-s/24/11/41684710/us-economy-adds-only-12-000-jobs-in-october-sharply-misses-estimates-as-hurricane-strikes-pummel-hir">nonfarm payrolls increasing by just 12,000</a>—nearly a four-year low and well below the expected 113,000.
Factors such as hurricanes and strikes likely contributed to the hiring slowdown, while unemployment held relatively steady, indicating no significant rise in layoffs.
The labor market report has strengthened expectations for Federal Reserve rate cuts. Markets are fully pricing in a 25-basis-point cut at Thursday's meeting and assigning an 85% probability to a similar cut at the Fed&#8217;s final meeting of the year in of December.
<h3 class="wp-block-heading">State Betting Odds</h3>
As the 2024 U.S. presidential election approaches, state-by-state betting odds reveal a tight race between Donald Trump and Kamala Harris, with key battleground states like Pennsylvania, Michigan, and Arizona showing narrow margins, making them pivotal <a href="https://www.benzinga.com/general/sports-betting/24/10/41589659/trump-vs-harris-state-by-state-2024-election-betting-odds-which-candidate-is-favored-to-wi">in the final outcome.</a>
<h3 class="wp-block-heading">Gold ETF Surge</h3>
The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) saw $1.8 billion in inflows during October, its highest in over two years. Rising investment demand continues pushing gold toward record highs as investors turn to this safe-haven asset at a time of political <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41663633/biggest-gold-etf-posts-highest-monthly-inflows-in-2-5-years-as-investors-rush-to-">upheaval and fiscal uncertainty.</a>
Ford Halts F-150 Lightning Production
Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) is pausing F-150 Lightning production from Nov. 18 to Jan. 6, responding to Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)'s Cybertruck sales surge. The move aims to recalibrate production with demand and improve profitability for <a href="https://www.benzinga.com/news/24/11/41677673/ford-f-150-lightning-pickup-truck-production-to-be-halted-temporarily-after-teslas-cybertruck-races">the Michigan-based automaker.</a>
Now Read:
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<li><a href="https://www.benzinga.com/general/24/11/41693751/biden-can-blame-boeing-for-massive-jobs-data-miss">Biden Can Blame Boeing For Massive Jobs Data Miss</a></li>
</ul>
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BKNG

CHTR

Market Volatility Soars Ahead Of Elections, Tech Earnings Mixed, Strikes And Hurricanes Knock Employment Down: This Week In The Markets

Major technology firms are encountering a surprising trend where surpassing Wall Street estimates is not enough to satisfy investors. This has led to a decline in stock prices, despite positive earnings reports.
What Happened: Major technology companies are experiencing a paradox where surpassing Wall Street estimates is insufficient to satisfy investors.
On Thursday, Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) reported quarterly revenue exceeding expectations by $1 billion and an 11% increase in net income compared to the previous year.
Despite these impressive figures, Microsoft&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41654118/microsoft-stock-is-sliding-thursday-whats-going-on">shares fell by 6.1%</a> due to a conservative forecast for the upcoming quarter, marking its worst performance since October 26, 2022, CNBC <a href="https://www.cnbc.com/2024/11/01/cnbc-daily-open-big-tech-needs-to-go-beyond-beating-expectations-.html">reported</a> on Friday.
Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) faced similar investor reactions. Despite exceeding Wall Street estimates, the stock began sliding down during Friday pre-market due to investors concerns about weak guidance for December quarter sales. 
Even Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), which initially saw a nearly 3% rise in shares following its earnings report on Wednesday, experienced a <a href="https://www.benzinga.com/news/24/10/41663190/openai-rolls-out-chatgpt-search-google-shares-slide">1.9% decline on Thursday</a> after OpenAI announced rolling out of Chat GPT Search, a competition for Google Search.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41615718/cathie-woods-sky-high-vision-dumps-shares-of-cybercab-touting-tesla-for-this-evtol-play?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood&#8217;s Sky-High Vision: Dumps Shares Of Cybercab Touting Tesla For This eVTOL Play</a>
Ross Mayfield, an investment strategist at Baird Private Wealth Management, commented on the situation, stating, "I think we're getting to the point where AI enthusiasm and potential is not enough. These companies are not quite delivering the growth that is priced into them." 
Why It Matters: The comment comes at a time when companies like Microsoft, Apple and Meta are banking on the AI buzz. <a href="https://www.benzinga.com/markets/equities/24/10/41643178/microsofts-ai-business-set-to-hit-10b-revenue-milestone-in-q2-satya-nadella-says-it-is-the-faste">Microsoft&#8217;s AI Business</a> is on track to surpass $10 billion in annual revenue, marking a significant milestone.
CEO Satya Nadella emphasized the rapid adoption of AI across Microsoft&#8217;s product portfolio, highlighting strong customer demand.
Jim Cramer noted that Alphabet&#8217;s plans to increase AI infrastructure investments next year <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41625103/jim-cramer-says-googles-ai-investment-next-year-should-be-fabulous-for-nvidia">could significantly benefit</a> NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). Alphabet&#8217;s recent earnings report revealed a 15% revenue increase, underscoring its strategic focus on technology advancements.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41642374/cathie-wood-shuffles-her-tech-deck-continues-dumping-tesla-and-palantir-stocks-up-on-amd-and-met?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood Shuffles Her Tech Deck: Continues Dumping Tesla And Palantir, Stocks Up On AMD And Meta</a></li>
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Images via Shutterstock, Edited via Canva

Apple, Microsoft Need To Do More Than Just Beating Wall Street Estimates, Says Analyst: 'AI Enthusiasm And Potential Is Not Enough"

Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Run:ai acquisition has drawn regulatory scrutiny from <a target="_blank" href="https://ec.europa.eu/commission/presscorner/detail/pt/mex_24_5623" rel="noreferrer noopener">the European Commission</a>.
The Commission will review the proposed acquisition of Israeli-based Run:ai by U.S. tech giant Nvidia.
The referral, initially submitted by Italy&#8217;s competition authority under the EU Merger Regulation (EUMR), is based on concerns that the transaction may have competitive impacts on the European Economic Area (EEA).
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41654520/roblox-q3-earnings-bookings-jump-34-user-base-hits-89-million-raises-annual-outlook" rel="noreferrer noopener">Roblox Q3 Earnings: Bookings Jump 34%, User Base Hits 89 Million, Raises Annual Outlook</a>
In April, Nvidia announced its acquisition of Run:ai for <a target="_blank" href="https://www.benzinga.com/government/24/04/38430747/nvidia-bolsters-ai-management-capabilities-purchases-israeli-firm-run-ai-for-roughly-700m" rel="noreferrer noopener">reportedly $600 million—$700 million</a>.
Italy&#8217;s concern stems from the potential impact on AI and data center markets in which both Nvidia and Run:ai operate.
The Commission&#8217;s initial assessment suggests that Nvidia&#8217;s acquisition of Run:ai could significantly influence competition across AI software markets within the EEA.
Run:ai provides GPU orchestration software for optimizing AI compute infrastructure on-premises or in hybrid cloud environments.
Nvidia&#8217;s core strength in supplying GPUs for data center applications raises concerns about potential consolidation in the AI market that could hinder competitive conditions.
Until clearance is granted, Nvidia cannot proceed with the transaction.
<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40768376/nvidia-faces-antitrust-probe-over-market-dominance-as-doj-ftc-crack-down-on-ai-powerhouses-repor" rel="noreferrer noopener">Earlier in 2024</a>, U.S. antitrust authorities began an initial investigation into Nvidia concerning its potential dominance within the artificial intelligence chip sector.
The Justice Department&#8217;s antitrust division contacted Nvidia for contract and partnership details.
Additionally, the Federal Trade Commission (FTC) is scrutinizing investments by major technology firms, including Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), into AI startups to assess any competitive benefits these relationships may have provided.&nbsp;&nbsp;
Several U.S. Big Tech giants commanded global regulatory attention for allegedly trying to dominate the market with significant acquisitions, partnerships, and other strategic moves, which drove the smaller players out of competition, leaving consumers with minimal choices.
Previously, Nvidia&#8217;s plans to acquire British chipmaker ARM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) had succumbed to global regulatory opposition.
The U.K.&#8217;s Competition and Markets Authority is also <a target="_blank" href="https://www.benzinga.com/news/24/08/40255295/amazons-4b-stake-in-anthropic-under-uk-investigation-for-anti-competitive-concerns" rel="noreferrer noopener">investigating a partnership</a> between&nbsp;Amazon and&nbsp;Anthropic.
Meanwhile, Microsoft&#8217;s $13 billion investment in&nbsp;OpenAI Inc received a clean chit from <a target="_blank" href="https://www.benzinga.com/government/24/04/38299939/eu-clears-microsofts-13b-openai-investment-from-formal-probe-a-relief-for-tech-giants" rel="noreferrer noopener">the European Union&#8217;s merger watchdogs</a>.&nbsp;
Price Actions: NVDA stock is up 1.16% at $134.30 premarket at&nbsp;the last check on Friday.
Also Read:
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41653550/comcast-q3-earnings-olympics-power-nbcuniversal-gains-peacock-hits-36m-subscribers-explores-forming" target="_blank" rel="noreferrer noopener">Comcast Q3 Earnings: Olympics Power NBCUniversal Gains, Peacock Hits 36M Subscribers, Explores Forming New Company Of Cable Networks</a></li>
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Unleashing AI in Healthcare: The Game-Changing Partnership Between Treatment AI (CSE: TRUE) and aiXplain concurrent with Federal Momentum

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Autohome Inc. American Depositary Shares, each representing four class A ordinary shares.

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