NVDA

NVIDIA에 대한 매도 수량은 투자자에게 NVIDIA의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

NVIDIA (NASDAQ:NVDA) 주식, 공매도 수량 보고

NVIDIA

Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.

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이번 주 시장 동향: 이스라엘-이란 갈등에 에너지 주식 급등, 中 기술 대기업들이 반등

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메타 플랫폼스(NASDAQ:META)는 인공 지능에 충실한 엔비디아(NASDAQ:NVDA)에 이어 올해 두 번째로 실적이 좋은 매그니피센트 7 주식이었다. 이번 주식 랠리를 통해 메타 플랫폼스의 공동 창업자이자 CEO인 마크 저커버그가 세계에서 가장 부유한 사람들 목록에서 더 높은 순위를 차지하게 되었다.

마크 저커버그, 메타 주식 급등으로 제프 베이조스를 추월하여 세계 2위 부자로 등극

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최근 챗GPT의 모회사인 오픈AI가 66억 달러 규모의 대규모 자금 조달에 성공한 후, 추가로 40억 달러의 회전 신용 한도를 확보했다. 무슨 일이 (What Happened): 이 새로운 신용 한도로 인해 오픈AI의 유동성이 100억 달러로 늘어나, AI 스타트업이 엔비디아(NASDAQ:NVDA)의 칩을 포함한 고비용 컴퓨팅 용량에 투자할 수 있게 된다.

오픈AI는 AI 야망을 고취시키고 엔비디아 기반 인프라를 확장하기 위해 $40억 신용 한도 확보

NVIDIA Corp

NVIDIA ORD

It was a relatively flat week for major stock indices as traders opted for caution following the rallies of recent weeks and amid intensifying conflict <a href="https://www.benzinga.com/topic/middle-east">in the Middle East.</a>
On Tuesday, Iran launched a barrage of missiles at Israel, retaliating after Israeli forces announced the killing of Hezbollah leader Hassan Nasrallah <a href="https://www.benzinga.com/news/global/24/10/41126038/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil">during airstrikes in Beirut.</a>
Israel mulling a counterattack against Iran caused oil prices and energy stocks to surge, driven by concerns over supply disruptions in a critical oil-producing region. A basket of U.S. oil and gas stocks, the Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), recorded its strongest weekly performance in two years.
Major Chinese tech giants, as tracked by the iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>), saw another week of strong gains driven by heightened investor enthusiasm <a href="https://www.benzinga.com/markets/equities/24/10/41182930/china-was-tipping-into-a-japan-style-lost-decade-of-deflation-and-stagnation-before-late-septemb">for domestic stimulus policies.</a>
The U.S. labor market continues to defy gravity. In September, 254,000 new non-farm payroll jobs were <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41184080/us-economy-adds-254-000-new-jobs-in-september-smashes-expectations-unemployment-f">added, significantly beating forecasts.</a>
The unemployment rate dropped more than expected, and wages grew faster than anticipated. As a result, market participants and economists are rethinking the need for further aggressive interest rate cuts by the Federal Reserve.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41187740/blowout-september-jobs-report-spurs-reactions-6-economists-say-aggressive-fed-rat">&#8216;Blowout&#8217; September Jobs Report Spurs Reactions: 6 Economists Say Aggressive Fed Rate Cuts May Face Obstacles</a>
<h3 class="wp-block-heading">US-Israel Talks Propel Oil Prices</h3>
Oil prices rallied when President Joe Biden said the U.S. is in discussions with Israel about potential strikes on Iranian oil facilities. The geopolitical tensions and potential military action have raised concerns about the stability of energy markets, contributing to the <a href="https://www.benzinga.com/government/24/10/41172781/oil-prices-rally-biden-confirms-us-discussions-with-israel-about-striking-iran-facilities">surge in oil prices.</a>
<h3 class="wp-block-heading">Zuckerberg&#8217;s AR Vision</h3>
Mark Zuckerberg suggests Meta Platforms Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) upcoming AR device, Orion, could become the next major tech shift after smartphones. He sees augmented reality as a transformative force, with Orion possibly leading the charge in a new era of immersive, wearable technology, revolutionizing how people interact <a href="https://www.benzinga.com/news/24/09/41084112/mark-zuckerberg-says-orion-is-probably-going-to-be-the-next-major-platform-after-phones-metas-new-ar">with the digital world.</a>
<h3 class="wp-block-heading">Cramer&#8217;s China focus</h3>
Jim Cramer highlights that investor &#8220;hot money&#8221; is shifting from Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) toward Chinese stocks. He advises those interested in the Chinese market to focus on Alibaba Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NASDAQ">BABA</a>), emphasizing it as a key player amid the growing investment interest <a href="https://www.benzinga.com/markets/asia/24/10/41141152/cramer-says-hot-money-flowing-from-nvidia-apple-into-china-focus-on-alibaba-if-you-must">in China's tech sector.</a>
<h3 class="wp-block-heading">Ford EV growth</h3>
Ford Motor Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) U.S. electric vehicle sales gained momentum in the third quarter despite a slowdown in its top-selling Mustang Mach-E SUV. The Michigan-based automaker experienced strong performance from its F-150 Lightning and E-Transit models, bolstering its efforts to expand its presence in the <a href="https://www.benzinga.com/news/24/10/41179283/fords-us-ev-sales-gather-pace-in-q3-even-as-its-best-seller-mustang-mach-e-suv-slows-down">U.S. electric vehicle market.</a>
Read Next:
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<li><a href="https://www.benzinga.com/general/social-media/24/10/41189534/spirit-airlines-bankruptcy-chatter-has-critics-blaming-biden-heres-what-history-shows-about-">Spirit Airlines Bankruptcy Chatter Has Critics Blaming Biden: Here&#8217;s What History Shows About Carrier Mergers</a></li>
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Image created using artificial intelligence via Midjourney.

MCHI

Labor Market Surprises With Strength, Energy Stocks Rally On Israel-Iran Tensions, Chinese Tech Giants Rebound: This Week In The Markets

NVIDA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has been one of the best-performing stocks over the last year and helped kickstart a surge in interest in the artificial intelligence sector <a href="https://www.benzinga.com/topic/artificial-intelligence">and related stocks.</a>
Passing a market capitalization of <a href="https://www.benzinga.com/news/23/05/32630114/nvidia-becomes-ninth-company-to-hit-1-trillion-market-cap-who-could-be-next-to-join-elusive-club">$1 trillion in May 2023 </a>was among the recent highlights for the semiconductor company. While Nvidia CEO and co-founder Jensen Huang previously got a tattoo to celebrate a company milestone years ago, he didn't add any new ink when the company passed $1 trillion.
What Happened: Shares of Nvidia gained more than 200% in 2023, one of the best returns by a large capitalization stock for the year, helping to add to the <a href="https://www.benzinga.com/general/entertainment/24/09/40783398/jensen-huang-added-as-much-to-his-wealth-in-2024-as-musk-bezos-gates-combined">wealth of Huang.</a>
The stock is up over 150% year-to-date in 2024 and, earlier this year, briefly passed Apple Inc and Microsoft Corporation to be the <a href="https://www.benzinga.com/news/24/06/39386946/microsoft-apple-step-aside-nvidia-is-now-the-most-valuable-public-company-in-the-world" target="_blank" rel="noopener">world's most valuable company.</a>
Huang<a href="https://www.benzinga.com/general/social-media/24/03/37879478/humble-beginnings-like-nvidia-reddit-was-founded-inside-a-restaurant"> co-founded Nvidia in 1993 </a>and still leads the company today. The soaring stock price<a href="https://www.benzinga.com/general/education/24/01/36454392/worlds-top-10-richest-people-gained-more-wealth-in-2023-than-walmarts-total-value-how-elon-musk" target="_blank" rel="noreferrer noopener">&nbsp;helped boost the wealth</a>&nbsp;of Huang, adding $30.2 billion to take his wealth to $44.0 billion in 2023, ranking as the 29th&nbsp;richest person in the world. Today, Huang is the 13th richest person in the world, worth an estimated $107 billion as reported by <a href="https://www.bloomberg.com/billionaires/">Bloomberg</a>.
Before Nvidia hit a $1 trillion market cap, another milestone was hit years ago, with shares passing the $100 level. That level would be reached several times, with shares splitting multiple times since 2000.
To celebrate the occasion of shares hitting $100, Huang promised company executives he would get the Nvidia logo as a tattoo.
In a 2017 <a href="https://fortune.com/2017/11/16/nvidia-ceo-jensen-huang/" target="_blank" rel="noreferrer noopener">interview </a>with Fortune, Huang revealed the tattoo and shared more details.
&#8220;So, I really want to extend it. I actually kinda do. I would love to. But getting it really, really hurt,&#8221; Huang said.
Huang said his family was with him when he got his tattoo.
&#8220;I was crying like a baby. My kids were with me, and they were like, ‘Dad, you&#8217;ve gotta control yourself.'&#8221;
Huang mentioned that a semi-annual meeting from years ago was the inspiration behind the tattoo.
&#8220;And at one, someone said, ‘What are we gonna do when the stock price hits $100?'&#8221;
Huang recalled that others said they would shave their head, paint their hair a new color, get a mohawk and even get a nipple ring.
&#8220;So I said, ‘Yeah all right, I&#8217;ll get a tattoo.'&#8221;
The first picture that can be found online of Huang&#8217;s tattoo comes from the Nvidia Gaming Festival, with a post on Nvidia&#8217;s <a href="https://www.instagram.com/nvidia/p/uli1ICDpSH/" target="_blank" rel="noreferrer noopener">Instagram </a>on Oct. 25, 2014.
&#8220;NVIDIA CEO Jen-Hsu Huang shows off his NVDIA tattoo at the NVIDIA Gaming Festival,&#8221; the post reads.
It is unknown when Huang got his tattoo, but it doesn&#8217;t sound like more will be added to his arms anytime soon.
&#8220;Aging gracefully. No more tattoos. It hurts way more than anybody tells you,&#8221; Huang <a href="https://www.youtube.com/watch?v=8QcLkB-zdCU" target="_blank" rel="noreferrer noopener">said </a>in a 2023 interview.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100424">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Investing $1,000 in Nvidia Stock: With the date unknown, when exactly Huang got his tattoo, a starting point for when the tattoo was unveiled to the public can be used.
The Nvidia Instagram post with Huang&#8217;s tattoo was shared on Oct. 25, 2014, which fell on the weekend. Shares opened at $18.48 on the following Monday.
A $1,000 investment at the time could have bought 54.11 NVDA shares. Nvidia stock split four-for-one in July 2021 and 10-for-1 in June 2024. This would have turned the initial share count into 2,164.40 shares.
The $1,000 investment would be worth $268,299.02 today. This represents a potential return of +26,729.9%.
Compare that to a $1,000 investment in the SPDR S&amp;P 500 ETF Trust, which tracks the S&amp;P 500. A $1,000 investment in the ETF on the same day could have bought 5.11 SPY shares at the time. The $1,000 investment would be worth $2,915.31 today, representing a potential return of 191.5%.
Another point of reference could have been to buy Nvidia shares after the Fortune interview, which labeled Huang the Businessperson of the Year and made the tattoo more of a storyline for the public.
A $1,000 investment could have purchased 4.67 shares of Nvidia on Nov. 16, 2017, at a price of $214.20. The stock splits would have turned the investment into 186.80 NVDA shares. The $1,000 investment would be worth $23,155.73 today, representing a return of 2,215.6%.
The same $1,000 invested in the SPDR S&amp;P 500 ETF Trust on the same date could have purchased 3.89 SPY shares, which would be worth $2,219.28. This represents a potential return of 121.9%.
Investors who followed Huang's tattoo journey and recognized Nvidia's potential for future milestones would be incredibly grateful today.
Check This Out:
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<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100424">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
This article was previously published by Benzinga and has been updated.
Photo courtesy of Nvidia.

If You Invested $1,000 In Nvidia Stock When Jensen Huang Got Company Logo Tattoo, Here's How Much You'd Have Today

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$124.00</td>
<td>$28.7K</td>
<td>53.1K</td>
<td>176.6K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$167.50</td>
<td>$62.7K</td>
<td>870</td>
<td>14.9K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$227.50</td>
<td>$65.5K</td>
<td>7.4K</td>
<td>14.9K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$180.00</td>
<td>$45.5K</td>
<td>1.7K</td>
<td>8.4K</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$285.00</td>
<td>$60.4K</td>
<td>392</td>
<td>3.4K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$175.00</td>
<td>$492.8K</td>
<td>7.1K</td>
<td>2.7K</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$400.00</td>
<td>$95.1K</td>
<td>7.8K</td>
<td>1.6K</td>
</tr>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$26.0K</td>
<td>6.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$155.00</td>
<td>$36.7K</td>
<td>810</td>
<td>867</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$29.4K</td>
<td>22.1K</td>
<td>122</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 728 contract(s) at a $124.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $39.0 per contract. There were 53143 open contracts at this strike prior to today, and today 176644 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on October 11, 2024. Parties traded 172 contract(s) at a $167.50 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $62.7K, with a price of $365.0 per contract. There were 870 open contracts at this strike prior to today, and today 14927 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on October 11, 2024. Parties traded 397 contract(s) at a $227.50 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $65.5K, with a price of $165.0 per contract. There were 7402 open contracts at this strike prior to today, and today 14915 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on October 11, 2024. This event was a transfer of 100 contract(s) at a $180.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $45.5K, with a price of $455.0 per contract. There were 1702 open contracts at this strike prior to today, and today 8454 contract(s) were bought and sold. 
• Regarding CRM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), we observe a call option sweep with bullish sentiment. It expires in 14 day(s) on October 18, 2024. Parties traded 87 contract(s) at a $285.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $60.4K, with a price of $695.0 per contract. There were 392 open contracts at this strike prior to today, and today 3401 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option trade with bullish sentiment. It expires in 14 day(s) on October 18, 2024. Parties traded 896 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $492.8K, with a price of $550.0 per contract. There were 7169 open contracts at this strike prior to today, and today 2739 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a put option sweep with bearish sentiment. It expires in 42 day(s) on November 15, 2024. Parties traded 122 contract(s) at a $400.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $95.1K, with a price of $780.0 per contract. There were 7837 open contracts at this strike prior to today, and today 1670 contract(s) were bought and sold. 
• For DOCN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), we notice a call option trade that happens to be bullish, expiring in 14 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $42.50 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $130.0 per contract. There were 6057 open contracts at this strike prior to today, and today 1394 contract(s) were bought and sold. 
• For QCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), we notice a put option trade that happens to be bearish, expiring in 140 day(s) on February 21, 2025. This event was a transfer of 35 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $36.7K, with a price of $1050.0 per contract. There were 810 open contracts at this strike prior to today, and today 867 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option trade with bearish sentiment. It expires in 105 day(s) on January 17, 2025. Parties traded 40 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $29.4K, with a price of $735.0 per contract. There were 22162 open contracts at this strike prior to today, and today 122 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AVGO

DOCN

MARA

MSTR

QCOM

10 Information Technology Stocks Whale Activity In Today's Session

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/10/2024-10-04_08h45_45.png" alt="" style="width:624px" /></figure>
<h4 class="wp-block-heading">Barn Burner Jobs Report</h4>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-jobs-report-spy-mc-10042024">click here</a> for an enlarged chart of S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which represents the benchmark stock market index S&amp;P 500 (SPX).
Note the following:
<ul>
<li>The chart shows that the stock market is rallying on the jobs report.</li>
<li>The chart shows that the stock market is above the support/resistance zone.</li>
<li>The just released jobs report is a barn burner. The report is a lot stronger than the consensus.&nbsp; Here are the details of the jobs report:
<ul>
<li>Nonfarm payrolls came at 254K vs. 135K consensus.</li>
<li>Nonfarm private payrolls came at 223K vs. 125K consensus.</li>
<li>Average hourly earnings came at 0.4% vs. 0.3% consensus.</li>
<li>Average work week came at 34.2 hours vs. 34.3 hours consensus.</li>
<li>Unemployment rate came at 4.1% vs. 4.2% consensus.</li>
</ul>
</li>
<li>At a minimum, this data point shows that Powell could have been wrong. When Powell cut interest rates by 50 bps, he explained it away by predicting labor weakness. The just released jobs report shows that there is no labor weakness.</li>
<li>Before and after the 50 bps rate cut,  we shared with readers The Arora Report analysis that the data did not support a 50 bps rate cut. Today's jobs report clearly proves that The Arora Report analysis was correct and the Fed may have made a mistake.  </li>
<li>Bonds are falling on the strong report.</li>
<li>Stocks are seeing extremely aggressive buying after the report. In the short term, it is bullish in that Powell gave the stock  market a big gift of a 50 bps cut predicting labor weakness, but there is no labor weakness.</li>
<li>After the jobs report, AI stocks are ripping. In the early trade, buying is extremely aggressive in AI stocks.  </li>
<li>This data is going to be ammunition for those who have been saying that the 50 bps rate cut was designed to help Harris win the election even though the Fed continues to publicly say that the Fed does not consider politics. Keep in mind, Trump has said that he would not reappoint Powell.</li>
<li>Adding to the optimism is that dock workers have suspended their strike.</li>
<li>In the longer term, this jobs data raises the probability that inflation will not come down to the Fed's 2% target and the Fed will once again be proven wrong.</li>
<li>As a note of caution, this is only one piece of data. At The Arora Report, we will be carefully watching additional pieces of new data as it comes. This is exactly what prudent investors should do.</li>
<li>ISM Non-Manufacturing Index yesterday came at 54.9 vs. 51.6 consensus. In The Arora Report analysis, this data also shows that the economy is strong.</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</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>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is seeing buying on strong jobs data.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Market Summary

Federal Reserve

Markets

Trading Ideas

General

$BTC

GOOG

AI Stocks Ripping, Barn Burner Jobs Report - Could Powell Be Wrong?

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 the 569.16 level. For bullish momentum to continue, we need to see a move toward 569.98 and for this level to hold firmly as support. If buyers maintain control, we expect a test of 571.06. Should this level act as strong support during market hours, an advance to 572.15 is likely. The day&rsquo;s bull target tops out at 573.50.
In contrast, if 569.16 fails to serve as support, sellers may push prices lower toward 567.81. A break below this level could signal a further decline to 566.46. If selling pressure increases, the next downside level to watch is 565.38. A sharp selloff could bring the price down to our lower target at 564.29.
<h3>Invesco QQQ Trust Series 1</h3>
QQQ&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) is currently trading near 483.95. For bullish strength, we need to see buyers hold above this level and push the price up to 486.10. If 486.10 holds as support, the next target is 487.69. If the buying pressure sustains, a rally toward 490.05 may be possible. The high bull target for the day is 491.82.
Should the 483.95 level fail to hold, we expect the bears to drive the price toward 481.73. Continued weakness would likely result in further downside to 479.03. Persistent selling could push the price lower to 476.85, with our low bear target for the session resting at 474.66.
<h3>Apple Inc.</h3>
Apple (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is trading near 226.08. For the bulls, we&rsquo;re looking for this level to act as support, which could lead to a push higher toward 227.82. Should the momentum hold, the next target is 229.03. If Apple continues to climb, we anticipate reaching the high bull target of 230.25.
If 226.08 breaks down as support, the bears will likely target 225.31. Selling pressure could drive the price lower toward 223.87, and if this level fails, 222.96 comes into focus. The session&rsquo;s low bear target for Apple is 222.24.
<h3>Microsoft Corp.</h3>
Microsoft&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is currently trading around 417.25. For the bulls to take control, we need to see a hold above 417.25 and a push higher toward 419.17. A continued bullish move could lead to a test of 420.26. If buying strength holds throughout the session, the price may approach our high bull target of 421.62.
On the downside, a failure to hold 417.25 could open the door for a move toward 416.32. A further breakdown would see bears testing 414.56, with continued selling pushing the price lower to 413.14. The low bear target for the day is 411.72.
<h3>NVIDIA Corporation</h3>
NVIDIA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) is trading close to 123.41. To see further upside, we need a rally to 125.21, with this level acting as solid support. If buyers maintain control, 126.84 becomes the next target. A strong upward move could lead to a test of 128.10, with the high bull target set at 129.53.
If 123.41 does not hold as support, a move lower toward 121.97 is likely. Continued selling pressure may result in a further drop to 120.27. If weakness persists, the bears could drive the price toward 119.44, with a low bear target for the session at 117.86.
<h3>Alphabet Inc Class A</h3>
Alphabet&nbsp; (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>)&nbsp;is currently trading near 165.41. Bulls will be looking to hold this level and push the price higher to 167.04. If buyers remain in control, the price may reach our next target at 169.34, which serves as the high bull target for the day.
If 165.41 fails as support, bears may take the price lower to 163.79. A continued breakdown could lead to a test of 161.79. If selling accelerates, the low bear target for the day is 160.36.
<h3>Meta Platforms Inc</h3>
Meta&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is currently trading around 585.73. For the bulls to maintain control, this level must hold as support, allowing a move toward 591.29. If momentum builds, Meta could push higher to 598.17. Continued buying strength could take Meta to our high bull target of 609.30.
On the downside, failure to hold 585.73 may lead to a decline to 580.17. If selling pressure persists, the price could fall further to 573.25. Should the bears dominate, we&rsquo;re looking at a low bear target of 565.53 for the day.
<h3>Tesla Inc.</h3>
Tesla&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is currently trading around 243.98. Bulls will aim to push the price higher to 246.16. If buying momentum continues, the next target is 248.37. Should Tesla maintain its upward trajectory, we expect a move toward 250.25. The high bull target for the day is set at 252.38.
If Tesla fails to hold 243.98 as support, the price could fall to 242.49. Continued downside pressure could bring 239.92 into play, with a further move lower to the low bear target of 238.50.
Final Word: As the week comes to a close, today&#39;s session holds significant weight due to the upcoming Non-Farm Payrolls and the September Unemployment Rate, both released at 8:30 AM ET. These key indicators will provide fresh insight into the labor market&#39;s health, potentially sparking significant market reactions. Adding to this, at 9:00 AM ET, Fed official John Williams will be speaking at a New York conference, which could further stir market volatility. Given the weight of these events, today is set to be highly active and could see sharp market swings. It&#39;s important to manage risk carefully and trade with a cautious mindset. Stay sharp, good luck, and Happy Friday!
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&#39;s reporting and has not been edited for content or accuracy.

GOOGL

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

Arm Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) is certainly no slouch <a href="https://www.benzinga.com/topic/semiconductors">in the semiconductor space</a>.
The Cambridge, England-based firm is flexing its muscles, climbing an impressive 100.58% year-to-date and a massive 158.59% over the past year.
But before we get too dazzled by the AI-chip dreams of SoftBank's CEO Masayoshi Son, ARM's technical indicators are hinting at a more complex story. 
Is ARM still in the race to challenge Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), and Taiwan Semiconductor Manufacturing Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)—or is the stock just catching its breath?
<h3 class="wp-block-heading">ARM Stock Chart: Short-Term Bears, Long-Term Bulls</h3>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04085050/Screenshot-2024-10-04-at-5.33.48-PM.png" alt="" class="wp-image-580674" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04085050/Screenshot-2024-10-04-at-5.33.48-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04085050/Screenshot-2024-10-04-at-5.33.48-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
ARM stock&#8217;s price currently sits at $138.24, just shy of its eight-day and 20-day simple moving averages (SMA) of $142.35 and $138.53, respectively, waving the red flag of a short-term bearish trend. 
But zoom out a bit, and you&#8217;ll notice that ARM stock&#8217;s 50-day SMA of $131.86 and 200-day SMA of $122.27 suggest that long-term, the bulls are still quietly cheering from the sidelines.
<h2 class="wp-block-heading">Is ARM Overcooked? RSI, Bollinger Bands Say Maybe</h2>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04085104/Screenshot-2024-10-04-at-5.34.03-PM.png" alt="" class="wp-image-580675" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04085104/Screenshot-2024-10-04-at-5.34.03-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04085104/Screenshot-2024-10-04-at-5.34.03-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Technically speaking, ARM stock's MACD (Moving Average Convergence/Divergence) of 2.03 signals a bullish outlook, but here's where things get tricky. The RSI (Relative Strength Index) sits at 50.41, calmly in the neutral territory. 
Add to that ARM stock's position within its Bollinger Bands ($119.06 &#8211; $153.19), and you've got a stock that's teetering between a breakout or a pullback. 
In other words, ARM stock could be on the cusp of a downturn, especially with short-term bearish signals popping up.
Read Also: <a href="https://www.benzinga.com/government/24/10/41127863/despite-nvidia-selloff-bidens-law-and-taiwan-semis-advantage-offer-growth-potential">Despite Nvidia Selloff, Biden&#8217;s Law and Taiwan Semi&#8217;s Advantage Offer Growth Potential</a>
<h2 class="wp-block-heading">AI Dreams Meet Reality</h2>
But don't forget the bigger picture. ARM is integral to SoftBank's grand vision for artificial superintelligence. 
CEO Masayoshi Son recently predicted that AI would surpass human intelligence within a decade. With Arm's recent design wins in data centers and AI-focused developments, it's clear the company is positioning itself for massive growth. AI workloads fuel ARM's future success. But, in the near term, technicals warrant caution.
For now, the stock might be cooling off. With SoftBank driving ARM&#8217;s future in AI chips, data centers, and even industrial robots, this dip could be a buying opportunity for investors who are playing the long game.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41181374/softbanks-masayoshi-son-predicts-artificial-superintelligence-within-a-decade-after-testing-openais">SoftBank&#8217;s Masayoshi Son Predicts Artificial Superintelligence Within A Decade After Testing OpenAI&#8217;s &#8216;Strawberry&#8217; Models</a></li>
</ul>

Technicals

INTC

ARM Stock: SoftBank's AI Goals Vs. Bearish Market Trends

Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;is targeting 250,000 transportation and warehouse workers in the U.S. to capitalize on the 2024 holiday rush, Reuters reports.
The hiring numbers remain the same as in 2023. The hiring ahead of the holiday season underscores the importance of the extra hands in the retail industry.
Discount retailer Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) planned to employ 100,000&nbsp;to help tide through the holiday season.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41162084/amazon-prime-video-ramps-up-ads-taking-on-netflix-and-disney-in-streaming-battle" rel="noreferrer noopener">Amazon Prime Video Ramps Up Ads, Taking on Netflix and Disney+ in Streaming Battle</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04080038/newplot-5.png" alt="" class="wp-image-580495" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04080038/newplot-5.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04080038/newplot-5-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
In September, Amazon raised the<a target="_blank" href="https://www.benzinga.com/news/24/09/40927136/amazon-boosts-worker-pay-to-over-29hour-invests-2-2b-as-holiday-kicks-in" rel="noreferrer noopener"> average hourly total compensation</a> for fulfillment and transportation employees in the U.S. to over $29.
Walmart Inc's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) Sam's Club also targeted higher hourly pay for frontline associates to over $19 with thousands of dollars annually in bonuses.
It is worth noting that on Wednesday, the National Labor Relations Board (NLRB) charged Amazon, a joint employer of its Delivery Service Partner (DSP) drivers, for failing to acknowledge and bargain with the <a target="_blank" href="https://www.prnewswire.com/news-releases/nlrb-doubles-down-amazon-is-a-joint-employer-302266076.html" rel="noreferrer noopener">Teamsters Union</a>.
As per the NLRB, Amazon <a target="_blank" href="https://www.benzinga.com/government/24/10/41171072/amazon-accused-of-union-busting-after-drivers-unionize-nlrb-files-complaint" rel="noreferrer noopener">employed multiple unfair labor practices</a> to prevent union activities at a facility in Palmdale, California.
The charges against Amazon included its refusal to recognize the workers' right to unionize, its refusal to bargain with the Teamsters over employment conditions, and the termination of its DSP contract.
In 2023, Amazon's U.S. sales were $12.4 billion on Cyber Monday, up by 9.6%, quashing the estimate of $12 billion. Amazon's total online sales for Cyber Week were $38 billion, topping the $37.2 billion estimate.
U.S. retailers could add 520,000 jobs during the holiday season, down from 2023's 564,200, per Reuters.
Reuters cites Mastercard's projection that online holiday shopping could reach $240.8 billion, up 4.9%.
Price Action: AMZN stock is up 2.11% to $185.80 premarket at the last check Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41169322/amazons-profitable-essential-merchandise-efficiency-gains-set-to-drive-growth-analyst" target="_blank" rel="noreferrer noopener">Amazon's Profitable Essential Merchandise, Efficiency Gains Set To Drive Growth: Analyst</a></li>
</ul>
Image via Shutterstock

Media

Amazon To Boost Workforce by 250K for 2024 Holidays, Joining Retail Hiring Surge

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/10/02/final-trades-organon-howmet-and-the-psq.html">Halftime Report Final Trades</a>,&#8221; Bryn Talkington of Requisite Capital named Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) as her final trade.
On Wednesday, CEO Jensen Huang confirmed the company&#8217;s highly anticipated Blackwell chips are in full production. Huang appeared on CNBC&#8217;s Closing Bell Overtime on Wednesday and said Nvidia&#8217;s Blackwell chips are in production <a href="https://www.benzinga.com/news/large-cap/24/10/41169979/whats-going-on-with-nvidia-stock">and in high-demand.</a>
&#8220;Blackwell is in full production, Blackwell is as planned, and the demand for Blackwell is insane,&#8221; the Nvidia CEO said. &#8220;Everyone wants to have the most, and everyone wants to be first.&#8221;
Kevin Simpson of Capital Wealth Planning picked CME Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>).
On Oct. 2, CME reported market statistics for the third quarter and September month, with average daily volume reaching new, all-time records of 28.3 million contracts in the third quarter and 28.4 million contracts in the month of September.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joshua Brown of Ritholtz Wealth Management named The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>).
On Oct. 2, Truist Securities analyst Youssef Squali maintained Trade Desk with a Buy and raised the price target from $108 to $120.
Price Action:
<ul>
<li>NVIDIA shares gained 3.4% to close at $122.85 during Thursday's session.</li>
<li>CME shares rose 0.3% to settle at $224.27 on Thursday.</li>
<li>Trade Desk shares gained 2.5% to close at $111.46 during Thursday's session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41179277/apogee-enterprises-smart-sand-and-3-stocks-to-watch-heading-into-friday">Apogee Enterprises, Smart Sand And 3 Stocks To Watch Heading Into Friday</a></li>
</ul>
Image: Shutterstock

Long Ideas

Nvidia, Trade Desk And A Financial Stock On CNBC's 'Final Trades'

Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) shares are trading <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">marginally higher on Friday.</a>
The software behemoth reportedly agreed to fund CoreWeave, a cloud-computing provider valued at about $23 billion, <a href="https://www.bloomberg.com/news/articles/2024-10-03/cisco-nears-investment-in-coreweave-at-23-billion-valuation?srnd=phx-technology&amp;sref=TBDibEcD" target="_blank" rel="noreferrer noopener">reported</a> Bloomberg.
Major tech companies have been making substantial investments to enhance infrastructure for AI development. The rise of artificial intelligence applications like ChatGPT and the training of large language models has driven increased demand for cloud computing services, per a Reuters report.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/41149788" rel="noreferrer noopener">OpenAI Valuation Soars To $157B In Latest Funding Round</a>
CoreWeave&#8217;s chief executive officer&nbsp;is Michael Intrator. CoreWeave counts NVIDIA Corporation, Magnetar Capital, Coatue Management, Jane Street, and Fidelity, among its investors.
The latest deal allows existing shareholders of Cisco such as employees to tender $400 million to $500 million of their holdings, Bloomberg reported earlier.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/technicals/24/09/41096549/cisco-set-for-technical-breakout-as-golden-cross-signals-strength-analyst-predicts-stock" rel="noreferrer noopener">Cisco Set For Technical Breakout As Golden Cross Signals Strength: Analyst Predicts Stock Will &#8216;Quietly&#8217; Climb Higher</a>
According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, CSCO stock has lost over 1% in the past year. Investors can gain exposure to the stock via iShares U.S. Telecommunications ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYZ#BATS">IYZ</a>) and First Trust NASDAQ Cybersecurity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIBR#NASDAQ">CIBR</a>).
Earlier this month, &nbsp;VAST Data, an AI data platform company, announced it has extended its collaboration with&nbsp;Cisco to<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41121126/vast-data-expands-partnership-with-cisco-to-deliver-end-to-end-full-stack-ai-infrastructure" rel="noreferrer noopener"> further simplify AI deployments for enterprises.&nbsp;</a>
&#8220;As AI adoption grows, it&#8217;s clear that data centers will be a pivotal proving ground where business is won and lost. The challenge is that the complexity with managing, configuring, updating, and patching a modern data center is only getting harder with AI,&#8221; said&nbsp;Jeremy Foster, SVP and GM of Cisco Compute.
Price Action: CSCO shares are trading higher by 0.57% to $52.73 premarket at last check Friday.
Photo via Shutterstock
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<li><a href="https://www.benzinga.com/news/24/10/41177525/biden-praises-end-of-port-strike-highlights-importance-for-hurricane-helene-recovery-collective-barg" target="_blank" rel="noreferrer noopener">Biden Praises End Of Port Strike, Highlights Importance For Hurricane Helene Recovery: &#8216;Collective Bargaining Works&#8217;</a></li>
</ul>

Movers

CIBR

CSCO

iShares Dow Jones US Telecommunications Sector Index Fund

What's Going On With Cisco Systems Stock Friday?

<ul>
<li>NVDA</li>
<li>WAY</li>
<li>TSLA</li>
<li>MADE</li>
<li>BABA</li>
<li>CLOV</li>
<li>RIVN</li>
<li>PLTR</li>
<li>LUNR</li>
<li>LOT</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

CLOV

LUNR

MADE

PLTR

RIVN

Top 10 Trending Stocks On WallStreetBets As Of October 4, 2024 (Via Swaggy Stocks)

Throughout 2024, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) insiders have been actively selling shares, tallying transactions over $1.8 billion, with expectations of more to come, <a href="https://www.bloomberg.com/news/articles/2024-10-03/nvidia-insider-share-sales-top-1-8-billion-and-more-are-coming?sref=TBDibEcD" target="_blank" rel="noreferrer noopener">Bloomberg</a> reports.
The most notable of these insiders, CEO Jensen Huang, executed sales of approximately $713 million through a predetermined trading arrangement known as a 10b5-1 plan. Director&nbsp;Mark Stevens'&nbsp;trust has&nbsp;filed&nbsp;to sell 3 million additional shares in addition to the 1.6 million it sold in 2024.
This massive wave of stock sales occurs amid market anxieties surrounding Nvidia's delayed Blackwell chips and ongoing investments in AI technology.
Despite these concerns, insiders maintain a robust holding, illustrating a potentially strategic timing rather than a loss of confidence. Still, Nvidia stock is up 179% in the last 12 months, and its outstanding shares stand at 23.5 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41169322/amazons-profitable-essential-merchandise-efficiency-gains-set-to-drive-growth-analyst" rel="noreferrer noopener">Amazon's Profitable Essential Merchandise, Efficiency Gains Set To Drive Growth: Analyst</a>
Recently, Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chief Jensen Huang dispelled Wall Street concerns by <a target="_blank" href="https://www.benzinga.com/news/24/10/41168777/whats-going-on-with-nvidia-stock-on-thursday" rel="noreferrer noopener">acknowledging massive demand</a> for Nvidia's Blackwell&nbsp;GPU, whose production and progress are going as planned.
Meanwhile, Nvidia is applying spatial AI in autonomous driving and warehouse automation, using robots to simulate real-world scenarios.
Nvidia's <a target="_blank" href="https://www.benzinga.com/news/24/10/41139084/nvidia-expands-ai-offerings-with-new-open-source-models-and-unreal-engine-5-plugins" rel="noreferrer noopener">recent launches include</a> open-source AI models and new Unreal Engine 5 plugins enabling AI-powered MetaHuman characters, catering to AI-driven gaming.
Wedbush analyst Dan Ives projected <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41151741/nvidias-ai-leadership-to-drive-1-trillion-market-growth-with-accenture-partnership-" rel="noreferrer noopener">Nvidia as a beneficiary</a> of the trillion-dollar AI spending by the U.S. hyperscalars.
Investors can gain exposure to Nvidia through SPDR S&amp;P 500 (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>).
<h2 class="wp-block-heading">Nvidia Stock Prediction For 2024</h2>
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at NVIDIA, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For NVIDIA, the 200-day moving average sits at $95.76, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is below the current price of $122.85. For more on charts and trend lines, <a href="https://pro.benzinga.com/">see a description here.</a>
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
Price Action:&nbsp;NVDA stock is up 0.39% at $123.33 premarket at the last check Friday.
Also Read:
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<li><a href="https://www.benzinga.com/government/24/10/41140484/taiwan-semiconductor-has-soared-96-but-geopolitical-risks-persist" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Has Soared 96% But Geopolitical Risks Persist</a></li>
</ul>
Image via Shutterstock

Nvidia's Top Brass Unloaded Significant Stock In 2024 Amid AI Spending and Chip Delays

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is ramping up its 2nm technology development at home and beyond despite odds ranging from geopolitical tensions to supply chain constraints to natural calamities like earthquakes and hurricanes.
The contract chipmaker&#8217;s 2nm technology commercialization at the new Baoshan plant in Hsinchu is still on track for 2025.
According to the supply chain, the price for Huguoshengshan 2nm wafers will be double that of the 4nm and 5nm wafers, exceeding $30,000, highlighting its moat translating into the pricing power, the Commercial Times <a target="_blank" href="https://www.ctee.com.tw/news/20241004700052-439901" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41168777/whats-going-on-with-nvidia-stock-on-thursday" rel="noreferrer noopener">What&#8217;s Going On With Nvidia Stock On Thursday?</a>
The <a target="_blank" href="https://www.benzinga.com/news/24/10/41163500/whats-going-on-with-taiwan-semiconductor-sock-on-thursday" rel="noreferrer noopener">contract chipmaker&#8217;s advanced</a> manufacturing remains in high demand for artificial intelligence and smartphones, but it faces pressure from industry selloffs and supply issues.
Investments in foundries are substantial; research institutions estimate that 3nm process R&amp;D costs $4 billion to $5 billion, while building a 3nm factory costs at least $15 billion to $20 billion.
Taiwan Semiconductor eyes <a target="_blank" href="https://www.benzinga.com/government/24/10/41140484/taiwan-semiconductor-has-soared-96-but-geopolitical-risks-persist" rel="noreferrer noopener">2nm chip production</a> in at least&nbsp;2 US fabs it is constructing.&nbsp; It committed over $65 billion toward the Arizona facility. The company&#8217;s critical clients at its&nbsp;Arizona plant&nbsp;include Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), the Nikkei Asia <a target="_blank" href="https://asia.nikkei.com/Business/Tech/Semiconductors/TSMC-Amkor-to-bring-advanced-chip-packaging-to-U.S.-for-first-time#:~:text=The%20Taiwanese%20chip%20giant%20has,services%20from%20Amkor's%20planned%20facility." rel="noreferrer noopener">reports</a>.&nbsp;
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04041034/newplot-4.png" alt="" class="wp-image-580135" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04041034/newplot-4.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04041034/newplot-4-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
The contract chipmaker recently <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41175342/amkor-and-tsmc-to-expand-partnership-and-collaborate-on-advanced-packaging-in-arizona" rel="noreferrer noopener">expanded its collaboration</a> with chip packaging and testing service provider Amkor Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) to migrate advanced packaging and test capabilities to Arizona to tap the AI frenzy. Amkor told Nikkei Asia it would invest in a $2 billion chip packaging and testing facility in Peoria, Arizona.
Taiwan Semiconductor and Amkor will jointly develop CoWoS (Chip on Wafer on Substrate) and Integrated Fan-Out (InFO).
Nvidia leverages Taiwan Semiconductor&#8217;s CoWoS chip packaging technology to boost computing power for its high-performance graphics processors. Apple employed InFO chip packaging tech for processors in its iPhone and Macbook core chips.
Taiwan Semiconductor stock is up over 107% in the last 12 months.
Investors can gain exposure to the semiconductor ETFs through EA Series Trust Strive US Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOC#NYSE">SHOC</a>) and Columbia Semiconductor and Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEMI#NYSE">SEMI</a>).
Price Action:&nbsp;TSM stock is down 0.21% at $179.10 premarket at last check Friday.
Also Read:
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<li><a href="https://www.benzinga.com/news/24/10/41146507/apples-iphone-16-series-leads-growth-but-high-end-model-preference-declines-analyst" target="_blank" rel="noreferrer noopener">Apple&#8217;s iPhone 16 Series Leads Growth, But High-End Model Preference Declines: Analyst</a></li>
</ul>
Photo by wakamatsu.h via Shutterstock

AMKR

SEMI

EA Series Trust Strive U.S. Semiconductor ETF

SHOC

What's Going On With Taiwan Semiconductor Stock On Friday?

Traders are cautiously optimistic ahead of the all-important payrolls report, with the index futures narrowly mixed in early Friday. The <a href="https://www.benzinga.com/news/24/10/41177060/port-strike-ends-workers-return-to-work-friday">suspension of the Longshoremen&#8217;s strike</a> removes one of the overhangs even as the Middle East tensions rage unabated. The September job gains could have a big impact on the near-term direction of the market.
&#8220;Payroll data will be closely watched as the sentiment is now that the Fed has become less focused on inflation and more on employment,&#8221; said fund manager Louis Navellier. A BofA note highlighted that the S&amp;P 500 futures have been more reactive to non-farm payroll data than any other economic data in recent years, a screenshot of the note shared by a financial writer on X showed.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.14%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.07%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.05%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.22%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 0.16% to $568.75 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) moved 0.32% higher to $483.14, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks showed nervousness throughout Thursday&#8217;s session before closing lower, with geopolitical tensions, the dockworkers&#8217; strike and mixed economic data weighing down on sentiment. While a bigger-than-expected increase in jobless claims stirred anxiety about the monthly jobs data, the Institute for Supply Management&#8217;s stronger-than-expected service sector purchasing managers&#8217; index tempered expectations concerning a bigger cut.
The Nasdaq Composite oscillated back and forth in the morning session but languished mostly below the unchanged line in the afternoon before ending marginally lower. This is despite IT and communication services posting moderate gains. The broader S&amp;P 500 Index traded mostly in the red and ended modestly lower, with consumer discretionary, consumer staple, healthcare, material and real estate stocks dragging the index lower. On the other hand, energy stocks posted solid gains. The index settled at a two-week low. 
The 30-stock Dow Jones Industrial Average underperformed as it settled down 0.44% at a one-week low.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.04%</td>
<td>17,918.47</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.17%</td>
<td>5,699.94</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.44%</td>
<td>42,011.59</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.09%</td>
<td>2,195.01</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Comerica Chief Economist Bill Adams said he expects the Fed to cut rates by 25 basis points in November, December, January and March and then move toward quarterly rate cuts for the rest of the next year. The economist noted that inflation is slowing to near the Fed&#8217;s 2% target, largely due to lower energy prices. Core inflation, though higher than the headline inflation, could slow due to downward pressure on durable goods and used autos persist and a slower increase in housing costs, he said.
Adams sees the Fed funds rate to be in the range of 3%-3.25% by the end of 2025. That said, the economist does not rule out a faster pace of rate cuts if the economy weakens materially, or a slower rate cut if the large deficit or wars in oil-exporting regions cause inflation to rebound.
Navellier weighed in on the near-term trajectory of the market in a note sent to clients on Thursday. &#8220;Funds flows into equities are likely to remain positive, at least until there is a sustained pullback, which hasn&#8217;t happened since &#8217;22,&#8221; he said.
The fund manager noted that the AI theme got a boost after OpenAI&#8217;s new funding round, which raised $6.6 billion from a long list of well-known investors, valuing the company at $157 billion. Also, Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang&#8217;s comments that demand for the company&#8217;s new Blackwell chips is &#8220;insane,&#8221; is a positive for the sector, he said.
 &#8220;AI adoption remains one of the fastest-growing new technologies ever and continues to promise big gains in productivity, though the timing of meaningful cash flow gains still remains uncertain,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures-on-thinkorswim">How To Trade Futures</a>
Upcoming Economic Data:
<ul>
<li>The Bureau of Labor Statistics is due to release its September non-farm payrolls report at 8:30 a.m. EDT. Economists, on average, expect job gains of 150,000, up from the 142,000 rate in August. The jobless claims are expected to stay put at 4.2% and the average hourly wages may have risen at a steady annual pace of 3.8%.</li>
<li>New York Fed President John Williams is scheduled to give opening remarks at the conference &#8220;The Future of New York City: Focus on Jobs,&#8221; at 9 a.m. EDT.</li>
<li>Chicago Fed President Austan Goolsbee will make a TV appearance at 10 a.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) plunged over 37% after reports said the low-cost carrier is exploring Chapter 11 bankruptcy filing following its failed attempt to merge with JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>). JetBlue climbed over 5%.</li>
<li>Apogee Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) is scheduled to <a href="https://www.benzinga.com/calendars/earnings">announce its quarterly results before the market opens.</a></li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures added to their 5%+ gains from Thursday and traded above $74.50, and gold futures traded flat under their all-time high. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) climbed over 1% ahead of the jobs data. The yield on the 10-year Treasury note remained unchanged at 3.85%.
The Asian markets were mixed, with Japan ending modestly higher, and Hong Kong and a few other majors advancing. On the other hand, the Indian, Australian, Malaysian, Indonesian, and Taiwanese markets retreated. The Chinese market continued to remain closed for a weeklong holiday.
In Europe, sentiment is modestly positive in early trading, although the U.K. market is retreating.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41179608/mark-zuckerberg-bulldozes-past-jeff-bezos-to-become-worlds-2nd-richest-person-as-meta-stock-soar">Mark Zuckerberg Bulldozes Past Jeff Bezos To Become World&#8217;s 2nd Richest Person As Meta Stock Soars: Is Musk&#8217;s Top Spot In Jeopardy?</a></li>
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Image Created By Midjourney

Earnings

Futures

Previews

Pre-Market Outlook

APOG

JBLU

SAVE

US Stocks On Edge As Traders Brace For Crucial Jobs Report: Why This Fund Manager Says AI Stocks Just Received Big Boost

Masayoshi Son, CEO of SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>), has forecasted the <a href="https://www.benzinga.com/markets/24/09/40836225/human-like-reasoning-strawberry-ahead-aggressive-nvidia-buying-hotter-inflation-data">advent of artificial superintelligence</a> within the next ten years. This revelation was shared during the SoftBank World 2024 conference.
What Happened: Son, Japan&#8217;s second wealthiest individual, commended OpenAI for its recent technological strides. He specifically mentioned the new GPT-o1 models, codenamed &#8220;Strawberry,&#8221; which he believes have developed reasoning capabilities, <a href="https://observer.com/2024/10/softbank-masayoshi-son-ai-openai-investment/">reported</a> the Observer on Friday. 
"This technology will evolve to a point&nbsp;where your happiness will be its greatest reward," said Son. He claimed that ASI, which would be 10,000 times more powerful than human intelligence, could be achieved within a decade.
Son envisions a future where AI can perform everyday tasks, such as grocery shopping and investment management, ultimately enhancing human happiness. His optimistic outlook is consistent with his history of making bold tech investments.
Looking forward, Son anticipates the achievement of artificial general intelligence, which matches human intelligence, within two to three years. 
He also predicts artificial superintelligence, surpassing human capabilities, within a decade. SoftBank&#8217;s AI strategy is centered around ARM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), a U.K.-based chip designer, with plans to expand into AI chips, data centers, and industrial robots.
See Also: <a href="https://www.benzinga.com/news/24/09/41020589/tech-youtuber-mkbhd-responds-after-facing-massive-backlash-over-his-new-12-a-month-wallpaper-app?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tech YouTuber MKBHD Responds After Facing Massive Backlash Over His New $12 A Month Wallpaper App</a>
Why It Matters: Son&#8217;s prediction comes amid <a href="https://www.benzinga.com/markets/24/09/40836225/human-like-reasoning-strawberry-ahead-aggressive-nvidia-buying-hotter-inflation-data">growing interest</a> in A.I. advancements, particularly with OpenAI&#8217;s &#8220;Strawberry&#8221; models. These models are noted for their human-like reasoning capabilities, which could revolutionize various industries.
However, <a href="https://www.benzinga.com/news/24/08/40387488/masayoshi-sons-plans-to-rival-nvidia-with-softbanks-own-ai-chip-production-hit-a-roadblock-as-intel">SoftBank&#8217;s ambitions</a> to rival NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in A.I. chip production reportedly faced setbacks when talks with Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) fell through. Despite this, SoftBank is exploring partnerships with other manufacturers like Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Additionally, Son&#8217;s focus on AI aligns with Sam Altman&#8216;s commitment to <a href="https://www.benzinga.com/news/24/05/38608040/openais-sam-altman-says-were-making-agi-and-it-will-be-worth-it-dont-care-if-we-burn-500m-or-50b">developing artificial general intelligence</a>, regardless of the financial cost. This shared vision underscores the significant investments and strategic shifts occurring in the A.I. sector.
Interestingly, SoftBank&#8217;s past decision to sell its Nvidia shares in 2019 resulted in a missed opportunity, as those shares would <a href="https://www.benzinga.com/general/24/06/39489510/the-150-billion-opportunity-softbank-lost-by-selling-nvidia-shares-too-soon">now be approximately worth over $150 billion</a>. This highlights the high stakes and rapid evolution of the AI and tech investment landscape.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41087674/openais-searchgpt-set-to-disrupt-googles-search-empire-as-former-engineer-sounds-alarm-on-deteriorat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s SearchGPT Set To Disrupt Google&#8217;s Search Empire As Former Engineer Sounds Alarm On Deteriorating User Experience Amid Rising Competition</a></li>
</ul>
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>

SFTBF

SFTBY

SoftBank's Masayoshi Son Predicts Artificial Superintelligence Within A Decade After Testing OpenAI's 'Strawberry' Models

The U.S. Justice Department and the SEC have backed the class action lawsuit against AI chip giant Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in the Supreme Court, which accused Nvidia of hiding its cryptocurrency revenue.
What Happened: The DOJ and SEC are advocating for the continuation of the lawsuit, which was brought against the company in 2018, Cointelegraph <a href="https://cointelegraph.com/news/us-sec-back-nvidia-crypto-sales-class-suit-supreme-court">reported </a>Thursday.
In an amicus brief, U.S. Solicitor General Elizabeth Prelogar and SEC senior lawyer Theodore Weiman argued that the lawsuit had &#8220;sufficient details&#8221; to survive a district court dismissal, urging the apex court to greenlight its revival by an appeals court.
The DOJ and the SEC didn&#8217;t immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comment.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41179372/satoshi-nakamoto-about-to-be-unveiled-bitcoin-creators-identity-focal-point-of-upcoming-hb">Satoshi Nakamoto About To Be Unveiled? Bitcoin Creator&#8217;s Identity Focal Point Of Upcoming HBO Documentary</a>
Why It Matters: This lawsuit has been a significant point of contention since 2017, when Nvidia shareholders filed a lawsuit alleging the <a href="https://www.benzinga.com/markets/cryptocurrency/20/05/16064622/nvidia-investors-accuse-chipmaker-of-misrepresenting-1b-in-crypto-revenue-in-lawsuit">company misled investors by classifying revenues from the sale of cryptocurrency mining chips</a> as gaming revenues. 
The case was initially dismissed, but the investor group appealed the decision, leading to the Ninth Circuit appeals court reviving it in August last year. Nvidia then petitioned the Supreme Court to reverse it, and the top court <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39364426/us-supreme-court-to-hear-nvidias-appeal-of-shareholder-crypto-suit">agreed to listen to the company&#8217;s arguments</a> in June earlier this year.
Price Action: Nvidia shares rose 3.4% on Thursday to close at $122.85, but declined marginally by 0.1% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41178678/el-salvadors-nayib-bukele-educates-argentina-president-javier-mileis-deputy-on-bitcoin-vic">El Salvador&#8217;s Nayib Bukele Educates Argentina President Javier Milei&#8217;s Deputy On Bitcoin — Vice President Says Apex Crypto Interests Her A Lot</a></li>
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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.
Photo courtesy: Shutterstock<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Legal

Nvidia's Troubles Mount As DOJ, SEC Throw Their Weight Behind Class Action Lawsuit Alleging AI Chip Giant Misrepresented Crypto Revenue

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has been the <a href="https://www.benzinga.com/general/education/24/10/41163360/if-you-invested-1-000-in-facebook-stock-when-mark-zuckerberg-changed-name-to-meta-heres-how-muc">second best-performing Magnificent 7 stock this year</a> after artificial intelligence stalwart Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). The stock rally has nudged its co-founder and CEO, Mark Zuckerberg, to be higher on the list of the world&#8217;s wealthiest people.
Zuckerberg Pips Past Bezos: Bloomberg&#8217;s updated billionaire list shows Zuckerberg rising in rank and becoming the world&#8217;s second-richest person after Tesla, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Elon Musk. The loser was Amazon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos, who had stepped down from an active management role in the company that he founded in 1994. Bezos ceded his second position to the Meta CEO amid the relative outperformance of the social-media giant&#8217;s stock.
Here&#8217;s how the two stocks fared this year:
<figure class="wp-block-image size-large is-resized wp-duotone-unset-1"><img loading="lazy" decoding="async" width="1024" height="440" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04011143/image-2-6-1024x440.png" alt="" class="wp-image-579923" style="width:924px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04011143/image-2-6-1024x440.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04011143/image-2-6-300x129.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04011143/image-2-6-768x330.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04011143/image-2-6-1536x660.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04011143/image-2-6.png 1890w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Chart Courtesy of Benzinga Pro
Meta has gained over 64% for the year-to-date period compared to Amazon&#8217;s roughly 20% gain. After moving almost in tandem with Meta, albeit with a more modest gain, for much of the year, Amazon has clearly begun diverging since late September.
Zuckerberg&#8217;s net worth is $206 billion, slightly higher than Bezos&#8217; $205 billion. More importantly, the Meta CEO is only $50 billion in deficit versus Musk&#8217;s wealth. It could come as no surprise if he soon takes over the crown from Musk, given Meta&#8217;s potential versus Tesla&#8217;s pitfalls. Tesla is still struggling to turn around its core electric-vehicle business to trend-like growth and promising opportunities such as full self-driving technology and robotaxi are expected only to be long-term drivers.
Be it Zuckerberg or Bezos, much of their wealth is tied to stock ownership in the respective companies they founded. Stock vagaries could therefore play a key role in deciding their fortunes.
See Also: <a href="https://www.benzinga.com/money/how-to-buy-facebook-stock">How To Buy Meta (Formerly Facebook) Stock</a>
What&#8217;s Firing Up Facebook Parent: Meta was among the COVID-19 play that benefited from the work-from-home and lockdown restrictions that were in place then. The pandemic rally stalled in Sept. 2021, and the stock began a year-long secular downtrend until early November 2022. Declines in both top and bottom-line figures amid an ad spending slowdown, investment into the loss-making Reality Labs division, Apple‘s privacy initiatives, and a competitive threat from TikTok all served as drags.
Meta&#8217;s management though was quick with resuscitation measures and unveiled strategic plans to streamline operations and navigate through adverse conditions. In Nov. 2022, the company announced a significant workforce reduction, eliminating 11,000 employees as the initial step.
In a letter to employees detailing the layoffs, CEO&nbsp;Mark Zuckerberg&nbsp;outlined additional measures, including desk sharing for remote workers, infrastructure review for spending cuts, and a hiring freeze until the first quarter of 2023. The market responded positively to these resuscitation measures, leading to a rebound in Meta's stock from its six-year low.
Meta&#8217;s AI pivot and the Metaverse project also helped rekindle investor interest in the stock. After bottoming in Oct. 2022, the stock has been on a broader steady uptrend. The Meta Connect 2024 held in late September has proved salubrious for the stock. The company announced AI-driven chatbots, an update to its Llama large-language model, the latest Ray-Ban smart glasses with improved camera functionality, voice controls, and deeper integration with AI, Meta Quest 4, the next-generation virtual reality headset, and the Orion augmented reality glasses.
Amazon&#8217;s Lags: Amazon, though operating in multiple technology areas, still derives the bulk of its revenue from its core e-commerce business, with much of the revenue collected from North America. The prospects of the business are strongly tied to consumer spending, which has remained uncertain in the current economic cycle.
The company has built up, or integrated scores of other businesses, including its AWS cloud computing business, Zoox, a self-driving car division, Kuiper Systems, a satellite Internet provider, and Amazon Lab126, a computer hardware R&amp;D provider. Its subsidiaries include Ring, Twitch, IMDb, and brick-and-mortar grocery retailer Whole Foods Market.
In a note released on Thursday, Morgan Stanley analyst Brian Nowak sounded out near-term risks. <a href="https://www.benzinga.com/news/24/10/41169322/amazons-profitable-essential-merchandise-efficiency-gains-set-to-drive-growth-analyst">&#8220;We still see tactical risk to 4Q EBIT guide </a>as AMZN invests to drive its faster-growing, lower-margin essentials business through a competitive holiday,&#8221; the analyst said.
Nowak, however, committed to the stock medium- and long-term. He said he would buy any weakness as he believes the company will make low-priced essentials profitable and will pursue a cost structure that provides visibility into a path to $8-$9 of free cash flow.
Meta closed Thursday&#8217;s session 1.74% higher at $582.77, while Amazon fell 1.52% to $181.96, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data. </a>Amazon stock has been on a seven-session losing streak amid worries concerning the holiday season after the company&#8217;s temporary holiday hiring plan revealed a flattish trend.
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Image via Shutterstock

Mark Zuckerberg Bulldozes Past Jeff Bezos To Become World's 2nd Richest Person As Meta Stock Soars: Is Musk's Top Spot In Jeopardy?

After securing a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41175197/openais-latest-eye-popping-valuation-ignites-analyst-expectations-for-tidal-wave-of">whopping $6.6 billion funding</a> round, ChatGPT-parent&nbsp;OpenAI has bagged a&nbsp;$4 billion revolving credit line.
What Happened: The new credit facility will bolster its liquidity to $10 billion, allowing the AI startup to invest in high-cost <a href="https://www.benzinga.com/markets/equities/24/07/39856365/openai-in-talks-with-broadcom-to-develop-new-ai-chip-aims-to-reduce-reliance-on-nvidia-report">computing capacity</a> including Nvidia Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips.
&#8220;This credit facility further strengthens&nbsp;our balance sheet and provides&nbsp;flexibility to seize future growth&nbsp;opportunities,&#8221; said OpenAI CFO&nbsp;Sarah Friar, in a blog on Thursday.
The credit line is facilitated by a consortium of banks: JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), Banco Santander S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAN#NYSE">SAN</a>), Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Sumitomo Mitsui Banking&nbsp;Corporation, UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>), and HSBC Holdings plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>).
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Earlier this week, OpenAI, <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round">valued at nearly $157 billion</a>, raised funds&nbsp;from returning venture capital investors&nbsp;such as&nbsp;Thrive Capital and Khosla Ventures.
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), which has already invested approximately $13 billion into the AI firm over the last five years,&nbsp;and new investor Nvidia, also&nbsp;participated in the funding round.
Despite <a href="https://www.benzinga.com/news/24/09/41059344/sam-altman-hits-back-at-trolls-after-mira-muratis-openai-exit-explains-executive-drain-as-natural-we">major executive changes</a>, including the sudden exit of CTO Mira Murati, investors remain optimistic about OpenAI&#8217;s growth prospects.
However, OpenAI has also faced criticism from Elon Musk, who accused the company of&nbsp;<a href="https://www.benzinga.com/news/24/10/41156902/elon-musk-says-openai-is-evil-after-chatgpt-parent-reportedly-asked-investors-not-to-invest-in-rival">unfair funding practices</a>.
On the other hand, analysts expect a &#8220;tidal wave&#8221; of AI spending, with OpenAI&#8217;s latest valuation seen as a trigger for this growth stage.
Photo Courtesy: Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<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&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.

OpenAI Secures $4B Credit Line To Supercharge AI Ambitions And Expand Nvidia-Powered Infrastructure: 'Provides Flexibility To Seize Future Growth Opportunities'

OpenAI&#8216;s latest valuation of more than $150 billion, plus Nvidia Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) &#8220;watershed&#8221; partnership with Accenture Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), indicates that the &#8220;AI tidal wave&#8221; of spending is hitting its next growth stage, according to a research note from <a href="https://www.benzinga.com/topic/daniel-ives">Wedbush analyst Dan Ives</a>.
Nvidia and Accenture announced an <a href="https://www.benzinga.com/markets/equities/24/10/41142895/accenture-and-nvidia-team-up-to-supercharge-global-ai-adoption-details">expanded partnership</a> on Wednesday to help enterprises rapidly scale <a href="http://benzinga.com/topic/ai">AI</a> adoption.
&#8220;Accenture will be a key player on the AI Revolution and this is a smart strategic partnership in our view that is the tip of the iceberg on the broader AI Revolution and demand adoption into 2025 and beyond,&#8221; Ives said.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41151741/nvidias-ai-leadership-to-drive-1-trillion-market-growth-with-accenture-partnership-">Nvidia&#8217;s AI Leadership To Drive $1 Trillion Market Growth, With Accenture Partnership Accelerating Adoption, Analyst Says</a>
AI starts with Nvidia, but the transformation is taking place across the broader tech space, Ives said. 
For every $1 spent on an <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41149666/nvidias-blackwell-gpu-sets-new-ai-benchmark-with-over-100-system-configurations-ana">Nvidia GPU</a>, there is an $8 to $10 multiplier across the tech sector, he adds. This reinforces Wedbush&#8217;s bullish view for tech stocks over the next year, especially when coupled with the news out of OpenAI this week.
OpenAI announced Wednesday that it secured $6.6 billion in new funding at a valuation of $157 billion. Ives called it &#8220;eye popping.&#8221; 
The company plans to use the funding to accelerate AI research, increase compute capacity and continue building tools to solve complex problems. 
Check This Out: <a href="https://www.benzinga.com/markets/equities/24/10/41142895/accenture-and-nvidia-team-up-to-supercharge-global-ai-adoption-details">Accenture And NVIDIA Team Up To Supercharge Global AI Adoption: Details</a>
Ives called OpenAI a &#8220;key foundational linchpin&#8221; of the AI thesis given that the company&#8217;s ChatGPT product acted as the world&#8217;s &#8220;iPhone moment&#8221; in terms of generative AI. 
&#8220;Now we are seeing a $1 trillion of AI Capex over the next three years as OpenAI has been the linchpin to AI success and adoption we are seeing at Nvidia, Microsoft, Google, and across the tech world,&#8221; Ives said. 
Ives noted that there is essentially a fourth Industrial Revolution taking place across <a href="https://www.benzinga.com/topic/chip-stocks">semiconductors</a>, software, infrastructure, smartphones and internet. He anticipates a tidal wave of AI spending on the buildout over the next 12 to 18 months. 
&#8220;We also believe OpenAI now has a much more functional corporate structure which is a positive for the broader tech industry given how important Altman &amp; Co. have become to the AI Revolution,&#8221; Ives said.
OpenAI is restructuring its core business into a for-profit corporation that won&#8217;t be controlled by its non-profit board. The OpenAI non-profit will reportedly remain in place and take a minority stake in the for-profit company, per Reuters.
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</ul>
Photo: Shutterstock

Analyst Color

OpenAI's Latest 'Eye-Popping' Valuation Ignites Analyst Expectations For 'Tidal Wave' Of AI Spending

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$126.00</td>
<td>$27.4K</td>
<td>8.8K</td>
<td>12.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$165.00</td>
<td>$31.4K</td>
<td>7.2K</td>
<td>9.5K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$20.00</td>
<td>$705.8K</td>
<td>9.0K</td>
<td>2.4K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$160.00</td>
<td>$48.9K</td>
<td>2.6K</td>
<td>2.2K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$170.00</td>
<td>$44.5K</td>
<td>1.4K</td>
<td>2.2K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$32.00</td>
<td>$36.1K</td>
<td>36.3K</td>
<td>2.1K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$420.00</td>
<td>$29.5K</td>
<td>4.5K</td>
<td>2.1K</td>
</tr>
<tr>
<td>TXN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$205.00</td>
<td>$26.5K</td>
<td>343</td>
<td>1.1K</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$15.00</td>
<td>$68.9K</td>
<td>373</td>
<td>616</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$27.50</td>
<td>$25.2K</td>
<td>17.7K</td>
<td>606</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 8 day(s) on October 11, 2024. Parties traded 127 contract(s) at a $126.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $216.0 per contract. There were 8898 open contracts at this strike prior to today, and today 12122 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on October 11, 2024. Parties traded 75 contract(s) at a $165.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.4K, with a price of $420.0 per contract. There were 7252 open contracts at this strike prior to today, and today 9565 contract(s) were bought and sold. 
• Regarding CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we observe a call option sweep with bullish sentiment. It expires in 470 day(s) on January 16, 2026. Parties traded 2451 contract(s) at a $20.00 strike. This particular call needed to be split into 50 different trades to become filled. The total cost received by the writing party (or parties) was $705.8K, with a price of $288.0 per contract. There were 9037 open contracts at this strike prior to today, and today 2474 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option trade with bullish sentiment. It expires in 106 day(s) on January 17, 2025. Parties traded 17 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $48.9K, with a price of $2880.0 per contract. There were 2616 open contracts at this strike prior to today, and today 2276 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 8 day(s) on October 11, 2024. Parties traded 100 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $44.5K, with a price of $445.0 per contract. There were 1433 open contracts at this strike prior to today, and today 2262 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bullish, expiring in 78 day(s) on December 20, 2024. This event was a transfer of 1000 contract(s) at a $32.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $36.1K, with a price of $36.0 per contract. There were 36349 open contracts at this strike prior to today, and today 2192 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option trade with bearish sentiment. It expires in 15 day(s) on October 18, 2024. Parties traded 50 contract(s) at a $420.00 strike. The total cost received by the writing party (or parties) was $29.5K, with a price of $590.0 per contract. There were 4531 open contracts at this strike prior to today, and today 2189 contract(s) were bought and sold. 
• Regarding TXN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), we observe a call option sweep with bearish sentiment. It expires in 8 day(s) on October 11, 2024. Parties traded 125 contract(s) at a $205.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $212.0 per contract. There were 343 open contracts at this strike prior to today, and today 1129 contract(s) were bought and sold. 
• For SEDG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>), we notice a put option trade that happens to be bullish, expiring in 260 day(s) on June 20, 2025. This event was a transfer of 189 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $68.9K, with a price of $365.0 per contract. There were 373 open contracts at this strike prior to today, and today 616 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a call option sweep that happens to be bullish, expiring in 106 day(s) on January 17, 2025. This event was a transfer of 250 contract(s) at a $27.50 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $101.0 per contract. There were 17728 open contracts at this strike prior to today, and today 606 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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