Advanced Micro Devices Bolsa (NASDAQ: AMD)

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Advanced Micro Devices

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

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Advanced Micro Devices, Inc. - Common Stock

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Deep-pocketed investors have adopted a bullish approach towards Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AMD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 35 extraordinary options activities for Advanced Micro Devices. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 65% leaning bullish and 14% bearish. Among these notable options, 16 are puts, totaling $1,369,153, and 19 are calls, amounting to $2,358,178.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $230.0 for Advanced Micro Devices over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Advanced Micro Devices's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Advanced Micro Devices's whale trades within a strike price range from $85.0 to $230.0 in the last 30 days. 
<h3>Advanced Micro Devices Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734723023_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$37.25</td>
<td>$37.15</td>
<td>$37.15</td>
<td>$100.00</td>
<td>$1.4M</td>
<td>8.1K</td>
<td>3.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$71.75</td>
<td>$71.6</td>
<td>$71.6</td>
<td>$190.00</td>
<td>$400.9K</td>
<td>1.7K</td>
<td>56</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$21.75</td>
<td>$21.55</td>
<td>$21.61</td>
<td>$140.00</td>
<td>$252.8K</td>
<td>3.7K</td>
<td>1</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$17.55</td>
<td>$17.5</td>
<td>$17.55</td>
<td>$130.00</td>
<td>$93.0K</td>
<td>15.2K</td>
<td>302</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/18/26</td>
<td>$22.15</td>
<td>$21.8</td>
<td>$22.0</td>
<td>$150.00</td>
<td>$88.0K</td>
<td>3.5K</td>
<td>44</td>
</tr>
</tbody>
</table>

<h3>About Advanced Micro Devices</h3>
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers, industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox. In 2022, the firm acquired field-programmable gate array leader Xilinx to diversify its business and augment its opportunities in key end markets such as data center and automotive.
After a thorough review of the options trading surrounding Advanced Micro Devices, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Advanced Micro Devices</h3>
<ul>
<li>Trading volume stands at 29,364,681, with AMD's price up by 0.98%, positioned at $120.04.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 39 days.</li>
</ul>
<h3>Professional Analyst Ratings for Advanced Micro Devices</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $164.33333333333334.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Morgan Stanley persists with their Equal-Weight rating on Advanced Micro Devices, maintaining a target price of $158. 
&#x2A; An analyst from B of A Securities has revised its rating downward to Neutral, adjusting the price target to $155. 
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for Advanced Micro Devices, targeting a price of $180. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Advanced Micro Devices, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Market Whales and Their Recent Bets on AMD Options

Morgan Stanley analyst Joseph Moore maintains Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a Equal-Weight and lowers the price target from $169 to $158.

Price Target

Analyst Ratings

Morgan Stanley Maintains Equal-Weight on Advanced Micro Devices, Lowers Price Target to $158

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$135.00</td>
<td>$39.0K</td>
<td>126.0K</td>
<td>193.7K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$252.50</td>
<td>$26.8K</td>
<td>51.3K</td>
<td>64.2K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$75.00</td>
<td>$276.2K</td>
<td>26.3K</td>
<td>35.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$130.00</td>
<td>$27.9K</td>
<td>25.3K</td>
<td>5.6K</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$430.00</td>
<td>$65.7K</td>
<td>377</td>
<td>5.1K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$290.00</td>
<td>$43.4K</td>
<td>2.0K</td>
<td>2.5K</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$65.00</td>
<td>$25.4K</td>
<td>14.0K</td>
<td>2.0K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$365.00</td>
<td>$332.5K</td>
<td>563</td>
<td>836</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$150.00</td>
<td>$34.9K</td>
<td>212</td>
<td>616</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$105.00</td>
<td>$807.0K</td>
<td>1.5K</td>
<td>601</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 674 contract(s) at a $135.00 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 $39.0K, with a price of $58.0 per contract. There were 126041 open contracts at this strike prior to today, and today 193782 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 200 contract(s) at a $252.50 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 $26.8K, with a price of $134.0 per contract. There were 51345 open contracts at this strike prior to today, and today 64253 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option trade that happens to be neutral, is expiring today. Parties traded 850 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $276.2K, with a price of $325.0 per contract. There were 26362 open contracts at this strike prior to today, and today 35154 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on January 17, 2025. This event was a transfer of 99 contract(s) at a $130.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $282.0 per contract. There were 25310 open contracts at this strike prior to today, and today 5644 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a put option trade that happens to be bullish, expiring in 238 day(s) on August 15, 2025. This event was a transfer of 27 contract(s) at a $430.00 strike. The total cost received by the writing party (or parties) was $65.7K, with a price of $2435.0 per contract. There were 377 open contracts at this strike prior to today, and today 5131 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bearish, expiring in 63 day(s) on February 21, 2025. This event was a transfer of 180 contract(s) at a $290.00 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 $43.4K, with a price of $241.0 per contract. There were 2010 open contracts at this strike prior to today, and today 2567 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a put option sweep with bearish sentiment. It expires in 28 day(s) on January 17, 2025. Parties traded 1958 contract(s) at a $65.00 strike. This particular put needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $13.0 per contract. There were 14009 open contracts at this strike prior to today, and today 2066 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bullish, expiring in 28 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $365.00 strike. The total cost received by the writing party (or parties) was $332.5K, with a price of $3325.0 per contract. There were 563 open contracts at this strike prior to today, and today 836 contract(s) were bought and sold. 
• For ANET (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>), we notice a call option sweep that happens to be bullish, expiring in 91 day(s) on March 21, 2025. This event was a transfer of 200 contract(s) at a $150.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $175.0 per contract. There were 212 open contracts at this strike prior to today, and today 616 contract(s) were bought and sold. 
• Regarding DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we observe a put option trade with neutral sentiment. It expires in 392 day(s) on January 16, 2026. Parties traded 600 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $807.0K, with a price of $1345.0 per contract. There were 1579 open contracts at this strike prior to today, and today 601 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

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10 Information Technology Stocks Whale Activity In Today's Session

<ul>
<li>TSLA</li>
<li>NVDA</li>
<li>AMD</li>
<li>MSTR</li>
<li>NVO</li>
<li>QQQ</li>
<li>CORN</li>
<li>$BTC</li>
<li>RKLB</li>
<li>AAPL</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
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Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) chief Hock Tan expressed enormous conviction over the sustainability of the <a target="_blank" href="https://www.benzinga.com/topic/ai" rel="noreferrer noopener">artificial intelligence frenzy</a> as Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and TikTok parent ByteDance splurged on designing custom processors that accelerate training and deployment of AI systems, the Financial Times reports.
Reportedly, OpenAI and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) also tapped Broadcom to develop their AI server chips to diversify their exposure to Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Broadcom stock has surged over 101% year-to-date.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/downgrades/24/12/42561430/match-group-analyst-flags-tinder-woes-industry-challenges-for-stock-downgrade" rel="noreferrer noopener">Match Group Analyst Flags Tinder Woes, Industry Challenges For Stock Downgrade</a>
Tan <a target="_blank" href="https://www.ft.com/content/5b4160b7-6920-4bf2-a1a8-f1404b513d8f" rel="noreferrer noopener">told</a> FT that he expected the demand to continue for at least ten years, citing their enormous return potential.
Tan stressed to the FT that clients were intensely ramping up AI infrastructure investment plans spanning three to five years.
He does not expect the phenomenon to lose steam until his clients run out of finances.
Last week, Tan told investors Broadcom <a target="_blank" href="https://www.benzinga.com//node/42488220" rel="noreferrer noopener">could generate</a> tens of billions of dollars in additional annual revenue from AI chips by 2027.
Tan&#8217;s experience and dealmaking prowess fuelled speculation of rescuing struggling chipmaker Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>). However, Tan claimed no hostile offers since 2018, when it was tracking Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), which succumbed to regulatory opposition.
Tan backed his thesis by citing investments by OpenAI and Elon Musk&#8217;s xAI in data centers in 2024.
Tan told the FT that its customers will build clusters of up to 1 million AI chips by 2027. However, Tan said that even 1 million chips may not suffice the AI ambitions of OpenAI and Anthropic.
Broadcom&#8217;s stock price rallied 24% in a single day last Friday after its AI revenues had surged by 220% in fiscal 2024. The chipmaker added over $200 billion to its market cap, breaching the $1 trillion milestone for the first time.
Rosenblatt&#8217;s Hans Mosesmann&nbsp;expects <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42489281/broadcoms-ai-chip-leadership-puts-pressure-on-nvidia-and-marvell-analysts-say" rel="noreferrer noopener">Broadcom&#8217;s growing moat</a> in expanding custom-chip (ASIC) AI and surging AI opportunities to intensify the rivalry with Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Nvidia. B of A Securities&#8216; Vivek Arya&nbsp;credited Broadcom with maintaining a position at customer Apple.
Investors can gain exposure to Broadcom through Amplify ETF Trust Amplify Cybersecurity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HACK#NYSE">HACK</a>) and First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDIV#NASDAQ">TDIV</a>).
Price Action:&nbsp;AVGO stock closed lower by 2.37% at $218.32 Thursday.
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Photo via Shutterstock

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Intel Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) stock plunged 59% over the past year, leaving investors to question whether the company is facing a long-term decline or gearing <a href="https://www.benzinga.com/topic/intel">up for a rebound</a>.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19072525/Screenshot-2024-12-19-at-5.55.12-PM.png" alt="" class="wp-image-699546" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19072525/Screenshot-2024-12-19-at-5.55.12-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19072525/Screenshot-2024-12-19-at-5.55.12-PM-300x235.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Technically, the signals are stark. Intel stock is trading below its eight, 20, 50, and 200-day simple moving averages, implying deep bear territory. The company&#8217;s moving average convergence/divergence (MACD) indicator is at a negative 1.05, implying negative trading momentum towards Intel stock. Further, the relative strength index (RSI) of 31.35 suggests it's edging into oversold territory.
Overall, the charts paint a very bearish picture for the stock, with the nearly oversold RSI lending some hope of a reversal.
The fundamentals paint a more nuanced picture.
Read Also: <a href="https://www.benzinga.com/24/12/42435733/taiwan-semi-founder-calls-for-new-strategy-after-intel-chiefs-departure">Taiwan Semi Founder Calls For New Strategy After Intel Chief&#8217;s Departure</a>
<h2 class="wp-block-heading">Intel Stock: Chips, Competition, Challenges</h2>
Intel stock trades 10-20% below its book value—a fact that might limit downside risk. 
Despite a flurry of bad press and declining stock performance, Intel generates $50 billion in annual revenue and maintains a healthy debt-to-equity ratio. While its profit margins have narrowed, even conservative estimates suggest profitability isn't off the table.
Intel's dominance in the CPU market is holding steady at 60-70%, primarily due to its grip on the OEM sector. 
Meanwhile, Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) is making gains, particularly in the DIY PC market. Stability issues with Raptor Lake CPUs and underwhelming Core Ultra chips have tarnished Intel's reputation, but its newer Lunar Lake and Arrow Lake chips aim to reclaim market share by 2025.
<h2 class="wp-block-heading">18A Process, Foundry Prospects</h2>
The much-hyped 18A chip process could be a game-changer, with defect densities nearing industry benchmarks. 
Intel's foundry business has also shown potential, landing a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40904754/amazons-leaner-structure-and-ai-chip-partnership-with-intel-could-boost-growth-bofa">deal to produce</a> Amazon.com Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) AI chips. However, execution risks loom large, and geopolitical factors like U.S.-Taiwan tariffs could shift the playing field dramatically.
<h2 class="wp-block-heading">The Battlemage Surprise</h2>
Intel's <a href="https://www.msn.com/en-us/lifestyle/shopping/intel-officially-reveals-battlemage-gpus/ar-AA1vfqzT">Battlemage</a> B580 graphics card is another wildcard. While not groundbreaking in specs, its affordability has made it a hit, showcasing the company's ability to innovate in niche areas.
Intel remains a battleground stock, balancing bearish trends with signs of resilience. Investors face a complex choice: wait for recovery or brace for more downside.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/media/24/12/42482813/intel-cfo-hints-at-possible-division-split-as-company-struggles-to-recapture-moat">Intel CFO Hints at Possible Division Split as Company Struggles To Recapture Moat</a></li>
</ul>
Image: Shutterstock

Intel Stock Charts Suggests Bearish Trend, Fundamentals Hint At Potential Rebound

WIIM

ACLS

AEHR

ALAB

ALGM

AMAT

AMBA

ASML

CRDO

ENPH

ENTG

INDI

KLAC

LRCX

LSCC

MCHP

MKSI

MPWR

MRVL

MTSI

NXPI

RMBS

SITM

SLAB

SMTC

Shares of semiconductor companies are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

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>12/20/24</td>
<td>$136.00</td>
<td>$41.2K</td>
<td>23.5K</td>
<td>87.0K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$252.50</td>
<td>$30.3K</td>
<td>11.8K</td>
<td>22.4K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$110.00</td>
<td>$29.0K</td>
<td>29.9K</td>
<td>8.6K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$130.00</td>
<td>$166.6K</td>
<td>22.7K</td>
<td>4.4K</td>
</tr>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/27/24</td>
<td>$20.00</td>
<td>$46.0K</td>
<td>3.9K</td>
<td>3.4K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$390.00</td>
<td>$27.3K</td>
<td>1.6K</td>
<td>3.2K</td>
</tr>
<tr>
<td>QUBT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$17.00</td>
<td>$31.2K</td>
<td>892</td>
<td>2.4K</td>
</tr>
<tr>
<td>RGTI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$7.50</td>
<td>$57.0K</td>
<td>10.9K</td>
<td>1.2K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$270.00</td>
<td>$2.3 million</td>
<td>195</td>
<td>1.0K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/27/24</td>
<td>$205.00</td>
<td>$42.0K</td>
<td>2.0K</td>
<td>976</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 2 day(s) on December 20, 2024. Parties traded 200 contract(s) at a $136.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $41.2K, with a price of $206.0 per contract. There were 23547 open contracts at this strike prior to today, and today 87036 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 put option sweep with bullish sentiment. It expires in 2 day(s) on December 20, 2024. Parties traded 295 contract(s) at a $252.50 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $30.3K, with a price of $103.0 per contract. There were 11863 open contracts at this strike prior to today, and today 22435 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on December 20, 2024. Parties traded 40 contract(s) at a $110.00 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 $29.0K, with a price of $726.0 per contract. There were 29977 open contracts at this strike prior to today, and today 8668 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option sweep with bearish sentiment. It expires in 30 day(s) on January 17, 2025. Parties traded 300 contract(s) at a $130.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $166.6K, with a price of $556.0 per contract. There were 22774 open contracts at this strike prior to today, and today 4487 contract(s) were bought and sold. 
• Regarding SOUN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), we observe a call option sweep with neutral sentiment. It expires in 9 day(s) on December 27, 2024. Parties traded 100 contract(s) at a $20.00 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 $46.0K, with a price of $461.0 per contract. There were 3925 open contracts at this strike prior to today, and today 3464 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 sweep with bearish sentiment. It expires in 2 day(s) on December 20, 2024. Parties traded 30 contract(s) at a $390.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.3K, with a price of $912.0 per contract. There were 1626 open contracts at this strike prior to today, and today 3278 contract(s) were bought and sold. 
• Regarding QUBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on December 20, 2024. Parties traded 250 contract(s) at a $17.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $31.2K, with a price of $125.0 per contract. There were 892 open contracts at this strike prior to today, and today 2416 contract(s) were bought and sold. 
• For RGTI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), we notice a call option trade that happens to be neutral, expiring in 149 day(s) on May 16, 2025. This event was a transfer of 100 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $57.0K, with a price of $570.0 per contract. There were 10912 open contracts at this strike prior to today, and today 1286 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option trade that happens to be bearish, expiring in 303 day(s) on October 17, 2025. This event was a transfer of 1000 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $2.3 million, with a price of $2390.0 per contract. There were 195 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a call option sweep that happens to be bullish, expiring in 9 day(s) on December 27, 2024. This event was a transfer of 100 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 $42.0K, with a price of $420.0 per contract. There were 2077 open contracts at this strike prior to today, and today 976 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.

QUBT

RGTI

SOUN

<ul>
<li>TSLA</li>
<li>NVDA</li>
<li>MU</li>
<li>AMD</li>
<li>$BTC</li>
<li>UNH</li>
<li>MSTR</li>
<li>AVGO</li>
<li>CORN</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;

Top 10 Trending Stocks On WallStreetBets As Of December 18, 2024 (Via Swaggy Stocks)

Shares of QuickLogic Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUIK#NASDAQ">QUIK</a>) have lost <a href="https://www.benzinga.com/quote/QUIK">almost 40% year to date</a>.
The company supplies niche hardware and critical infrastructure in the FPGA (Field-Programmable Gate Array) market, which is being driven by "Cold War 2.0 and the weaponization of outer space," according to Northland Capital Markets.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5aaff270b023000001cb8da0/gus-richard">Analyst Gus Richard</a> initiated coverage of QuickLogic with an Outperform rating and a price target of $11.60.
The QuickLogic Thesis: FPGAs are used in a wide variety of applications and the market for these is not "well established," Richard said in the initiation note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
QuickLogic's niche hardware and critical infrastructure are used by that segment of the aerospace and defense market that is underserved by leading companies like Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Lattice Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), he added.
"With the start of a new cold war, military spending is increasing, and space defense budgets are increasing where radiation hardening, and a secure supply chain are required," the analyst wrote.
QuickLogic&#8217;s serviceable addressable market is estimated at $422 million and is likely to expand at a CAGR of 9%, he further stated.
QUIK Price Action: Shares of QuickLogic had risen by 1.6% to $8.22 at the time of publication Tuesday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39986369/quicklogic-corporation-is-attracting-investor-attention-here-is-what-you-should-know">QuickLogic Corporation is Attracting Investor Attention: Here is What You Should Know</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Long Ideas

Initiation

QUIK

QuickLogic Analyst Sees 'Cold War 2.0' As Growth Catalyst

Investors with a lot of money to spend have taken a bearish stance on Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AMD, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Advanced Micro Devices.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $244,164, and 3 are calls, for a total amount of $204,601.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $120.0 to $130.0 for Advanced Micro Devices over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Advanced Micro Devices options trades today is 8803.2 with a total volume of 11,747.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Advanced Micro Devices's big money trades within a strike price range of $120.0 to $130.0 over the last 30 days.
<h3>Advanced Micro Devices Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734446732_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/03/25</td>
<td>$4.5</td>
<td>$4.4</td>
<td>$4.48</td>
<td>$125.00</td>
<td>$89.6K</td>
<td>1.3K</td>
<td>260</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$20.15</td>
<td>$20.1</td>
<td>$20.15</td>
<td>$130.00</td>
<td>$70.7K</td>
<td>2.0K</td>
<td>126</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$18.4</td>
<td>$18.3</td>
<td>$18.4</td>
<td>$130.00</td>
<td>$57.0K</td>
<td>15.2K</td>
<td>1.2K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$1.05</td>
<td>$1.04</td>
<td>$1.05</td>
<td>$120.00</td>
<td>$52.2K</td>
<td>19.7K</td>
<td>3.7K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$2.56</td>
<td>$2.51</td>
<td>$2.55</td>
<td>$124.00</td>
<td>$45.8K</td>
<td>5.6K</td>
<td>2.8K</td>
</tr>
</tbody>
</table>

<h3>About Advanced Micro Devices</h3>
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers, industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox. In 2022, the firm acquired field-programmable gate array leader Xilinx to diversify its business and augment its opportunities in key end markets such as data center and automotive.
After a thorough review of the options trading surrounding Advanced Micro Devices, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Advanced Micro Devices</h3>
<ul>
<li>With a trading volume of 2,175,517, the price of AMD is down by -1.67%, reaching $124.58.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 42 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Advanced Micro Devices</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $167.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Mizuho has decided to maintain their Outperform rating on Advanced Micro Devices, which currently sits at a price target of $180. 
&#x2A; An analyst from B of A Securities downgraded its action to Neutral with a price target of $155. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Advanced Micro Devices options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Check Out What Whales Are Doing With AMD

<ul>
<li>TSLA</li>
<li>NVDA</li>
<li>AMD</li>
<li>AVGO</li>
<li>MU</li>
<li>QQQ</li>
<li>GOOGL</li>
<li>PLTR</li>
<li>HOOD</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;

HOOD

Top 10 Trending Stocks On WallStreetBets As Of December 17, 2024 (Via Swaggy Stocks)

<a href="https://www.nytimes.com/2024/12/16/business/economy/biden-china-chips-investigation.html" title="https://www.nytimes.com/2024/12/16/business/economy/biden-china-chips-investigation.html">https://www.nytimes.com/2024/12/16/business/economy/biden-china-chips-investigation.html</a>

Macro Economic Events

Politics

Global

Economics

General

"Biden Prepares To Target Chinese Legacy Chips With Trade Investigation; The Investigation Could Result In Tariffs On Older Types Of Chips From China, Though The Decision Would Ultimately Fall To Trump" - NY Times

<ul>
<li>TSLA</li>
<li>NVDA</li>
<li>PLTR</li>
<li>SMCI</li>
<li>MSTR</li>
<li>ACHR</li>
<li>AMD</li>
<li>MU</li>
<li>AVGO</li>
<li>QQQ</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

ACHR

SMCI

Top 10 Trending Stocks On WallStreetBets As Of December 16, 2024 (Via Swaggy Stocks)

Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) stock surged Friday after it reported better-than-expected <a target="_blank" href="https://www.benzinga.com/24/12/42484676/nvidia-amd-taiwan-semi-and-other-chip-stocks-gain-as-broadcoms-q4-sparks-sector-wide-surge" rel="noreferrer noopener">fourth-quarter adjusted EPS</a> results and raised its quarterly common stock dividend.
The company reported a topline of $14.05 billion, up from $9.3 billion, compared to the analyst estimate of $14.57 billion. EPS of $1.42 missed the analyst consensus of $1.46.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42470137/t-mobiles-premium-valuation-prompts-downgrade-growth-projections-decelerate" rel="noreferrer noopener">T-Mobile&#8217;s Premium Valuation Prompts Downgrade As Growth Projections Decelerate: Analyst</a>
Broadcom expects first-quarter revenue of ~$14.60 billion, almost in line with the $14.61 billion consensus estimate.
Multiple Wall Street analysts rerated the stock after the print:
<ul>
<li>Rosenblatt analyst Hans Mosesmann maintained Broadcom with a Buy and raised the <a href="https://www.benzinga.com/quote/AVGO/analyst-ratings" target="_blank" rel="noreferrer noopener">price target from $240 to $250</a>.</li>
<li>B of A Securities analyst Vivek Arya reiterated Broadcom with a Buy and raised the price target from $215 to $250.</li>
<li>JP Morgan analyst Harlan Sur maintained Broadcom with an Overweight and raised the price target from $210 to $250.</li>
</ul>
Rosenblatt: Broadcom came in with a slight beat on continued AI and networking momentum and some VMWare first-quarter pushouts. Non-AI dynamics continue to demonstrate modest cyclical recovery.
The Street will pivot on management&#8217;s disclosure of the line-of-sight AI serviceable available market (SAM) at its current custom ASIC (XPU) 3 hyperscaler customers of $60 billion—$90 billion by 2027, up from the $15 billion—$20 billion level in 2024.
Interestingly, Broadcom has two new potential engagements that could eventually match the size of the current three.
The AI 3-year outlook supports the ~60% CAGR of Advanced Micro Devices, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) TAM of $500 billion for the 2027 and 2028 timeframes.
Management implied strong prospects for maintaining AI custom ASIC leadership and share gains over Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) GPUs.
Broadcom already has working custom ASIC 3nm silicon that will ship this Spring, well ahead of anybody in the market.
While custom ASIC sister Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) is also in the 3nm race, it is roughly a year behind Broadcom. Mosesmann&#8217;s fiscal 2025 revenue and adjusted EPS estimates remain unchanged.
B of A Securities: The rerating reflects Broadcom&#8217;s expanding custom-chip (ASIC) AI, surging AI opportunity, and potential to maintain a position at large wireless customer Apple.
Near-term results were inline, though the pushout of some software deals from the fourth to the first quarter helped Broadcom guide the first quarter inline versus concerns of missing due to seasonal headwinds, the analyst said.
Arya projected fiscal 2025 revenue of $61.1 billion (prior $59.3 billion) and EPS of $6.27 (prior $6.00). He expects fiscal 2026 revenue of $70.2 billion (prior $68.5 billion) and EPS of $7.50 (prior $7.31).
His forecast implies a growth trajectory of about 15% sales and 20% EPS over the next three years across a diversified silicon and infrastructure software base.
Based on Broadcom&#8217;s leading capabilities and IP in leading-edge logic, networking, memory, and interface design, Arya projected its AI sales to grow from $12 billion in the current year to about $30 billion by calendar 2027.
However, Arya noted an upside to a 30% EPS CAGR towards $11-$12/share by calendar 2027, assuming AI sales get to $53 billion instead, based on Broadcom maintaining its current 70% share of a larger $75 billion SAM.
There could be further upside since, per Broadcom, the stated range is only for its current three customer&#8217;s &#8220;line-of-sight&#8221; intention to each build 1 million unit custom accelerator (XPU) clusters requiring an 80% and 20% mix of compute and networking.
JP Morgan: Broadcom delivered solid fourth-quarter quarterly results on continued strong sequential growth in its AI semiconductor segment, which offset lower software revenues.
For the first quarter, Broadcom guided revenues in line with consensus expectations and better than market expectations on sustained strong AI demand and software revenue acceleration.
The fiscal 2024 AI revenues were $12.2 billion, up 3 times year-on-year. Sur expects them to grow to $17 billion-$18 billion (+40% Y/Y) in fiscal 2025, given continued strong cloud and hyperscaler capex spending trends with a focus on AI infrastructure build-out and second-half ramp of Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google&#8217;s next-gen TPU v6 3nm AI accelerator ASIC.
More importantly, Broadcom expects the AI SAM opportunity for its three existing cloud/hyperscalers to accelerate, driven by continued substantial investments in multi-generational XPU road maps and larger cluster sizes.
Even applying a more conservative market share assumption, Sur noted that Broadcom&#8217;s AI business is growing at a 40%- 50%+ revenue CAGR over the next several years.
In the near term, despite a product handoff from the TPU v6 inference chip at 5nm to the TPU v6 training chip at 3nm, Broadcom is still guiding for sequential growth in its AI revenues for the first quarter.
The TPU v6 3nm training chip will likely move into a high volume ramp in the second half of next fiscal year, and this one SKU Sur noted can drive $8 billion+ for Broadcom in fiscal 2025.
Given its portfolio breadth, diversification, and product cycles, Broadcom continues to drive a stable revenue growth profile even during macro volatility. Broadcom generated strong free cash flow for the year, which resulted in an 11% dividend increase.
Sur projected fiscal 2025 revenue of $62.7 billion and EPS of $6.50.
Price Action: AVGO stock is up 19.7% at $216.20 at last check Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/12/42469927/google-has-the-ability-to-scale-ai-by-leveraging-its-global-user-base-analyst" target="_blank" rel="noreferrer noopener">Google Has The Ability To Scale AI By Leveraging Its Global User Base: Analyst</a></li>
</ul>
Photo by Rokas Tenys via Shutterstock

Reiteration

Broadcom's AI Chip Leadership Puts Pressure on Nvidia and Marvell, Analysts Say

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$140.00</td>
<td>$42.0K</td>
<td>114.2K</td>
<td>65.1K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$215.00</td>
<td>$33.8K</td>
<td>4</td>
<td>43.2K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$74.00</td>
<td>$51.0K</td>
<td>8.5K</td>
<td>22.6K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/27/24</td>
<td>$130.00</td>
<td>$55.4K</td>
<td>3.7K</td>
<td>11.6K</td>
</tr>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$20.00</td>
<td>$37.0K</td>
<td>2.3K</td>
<td>8.6K</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$14.00</td>
<td>$125.5K</td>
<td>16.9K</td>
<td>7.7K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$23.00</td>
<td>$50.5K</td>
<td>15.4K</td>
<td>7.4K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$250.00</td>
<td>$30.8K</td>
<td>16.7K</td>
<td>2.6K</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$125.00</td>
<td>$35.0K</td>
<td>5.7K</td>
<td>1.8K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$170.00</td>
<td>$212.7K</td>
<td>1.2K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created 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, expiring in 7 day(s) on December 20, 2024. This event was a transfer of 420 contract(s) at a $140.00 strike. This particular call needed to be split into 67 different trades to become filled. The total cost received by the writing party (or parties) was $42.0K, with a price of $102.0 per contract. There were 114261 open contracts at this strike prior to today, and today 65177 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 250 contract(s) at a $215.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $33.8K, with a price of $136.0 per contract. There were 4 open contracts at this strike prior to today, and today 43283 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option trade that happens to be bearish, is expiring today. Parties traded 1000 contract(s) at a $74.00 strike. The total cost received by the writing party (or parties) was $51.0K, with a price of $51.0 per contract. There were 8599 open contracts at this strike prior to today, and today 22625 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bullish, expiring in 14 day(s) on December 27, 2024. This event was a transfer of 200 contract(s) at a $130.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $55.4K, with a price of $277.0 per contract. There were 3740 open contracts at this strike prior to today, and today 11612 contract(s) were bought and sold. 
• Regarding SOUN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on December 20, 2024. Parties traded 500 contract(s) at a $20.00 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 $37.0K, with a price of $74.0 per contract. There were 2323 open contracts at this strike prior to today, and today 8634 contract(s) were bought and sold. 
• Regarding IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on December 20, 2024. Parties traded 2279 contract(s) at a $14.00 strike. This particular call needed to be split into 90 different trades to become filled. The total cost received by the writing party (or parties) was $125.5K, with a price of $55.0 per contract. There were 16992 open contracts at this strike prior to today, and today 7792 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 trade that happens to be bearish, expiring in 7 day(s) on December 20, 2024. This event was a transfer of 326 contract(s) at a $23.00 strike. The total cost received by the writing party (or parties) was $50.5K, with a price of $155.0 per contract. There were 15476 open contracts at this strike prior to today, and today 7463 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a put option trade that happens to be bearish, expiring in 7 day(s) on December 20, 2024. This event was a transfer of 70 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $30.8K, with a price of $440.0 per contract. There were 16723 open contracts at this strike prior to today, and today 2627 contract(s) were bought and sold. 
• For MRVL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), we notice a call option trade that happens to be bullish, expiring in 35 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $350.0 per contract. There were 5774 open contracts at this strike prior to today, and today 1885 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option sweep that happens to be bearish, expiring in 98 day(s) on March 21, 2025. This event was a transfer of 349 contract(s) at a $170.00 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $212.7K, with a price of $600.0 per contract. There were 1222 open contracts at this strike prior to today, and today 1052 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

IREN

MARA

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

<ul>
<li>AVGO</li>
<li>TSLA</li>
<li>NVDA</li>
<li>ACHR</li>
<li>AMD</li>
<li>QQQ</li>
<li>PLTR</li>
<li>GOOG</li>
<li>MSTR</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;

Top 10 Trending Stocks On WallStreetBets As Of December 13, 2024 (Via Swaggy Stocks)

Chip stocks, including Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), and Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), are trading higher Friday in sympathy with Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), bearing testimony to the interconnectivity of <a target="_blank" href="https://www.benzinga.com/topic/semiconductors" rel="noreferrer noopener">the semiconductor ecosystem</a>.
Broadcom reported its&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/12/42472970/broadcom-reports-mixed-q4-results-eps-beat-revenues-miss-q1-guidance-in-line-with-estimates" rel="noreferrer noopener">fourth-quarter results</a> after Thursday&#8217;s closing bell. The company reported revenue of $14.05 billion, up from $9.3 billion a year ago, compared to the analyst consensus of $14.57 billion. EPS of $1.42 missed the analyst consensus of $1.46.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42480928/taiwan-semi-set-to-command-67-foundry-market-share-idc" rel="noreferrer noopener">Taiwan Semiconductor Set to Command 67% Foundry Market Share By 2025: IDC</a>
Broadcom expects first-quarter revenue of ~$14.60 billion, compared to the $14.57 billion consensus estimate.
The semiconductor industry has been jittery over growing geopolitical tensions between the U.S. and China, prompting Beijing to counter-embargo against the U.S. semiconductor sanctions.
Additionally, President-elect Donald Trump <a target="_blank" href="https://www.benzinga.com/24/12/42420201/trumps-return-threatens-billions-in-us-chip-investment-from-taiwan-samsung" rel="noreferrer noopener">has criticized</a> the U.S. chip subsidy since his campaign days. The subsidy has been pivotal in drawing foreign companies like Taiwan Semiconductor and Samsung, which have committed billions to U.S. semiconductor plants.
A possible optimism over the U.S. Fed rate cut is also influencing the semiconductor stock movement as it will make borrowing cheaper for the highly capital-intensive industry.
Investors can gain exposure to the semiconductor ETF through Invesco PHLX Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXQ#NASDAQ">SOXQ</a>) and Invesco Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSI#NYSE">PSI</a>).
Price Action: At the last check in the premarket session on Friday, NVDA is up 1.16% to $138.94. AVGO is up 18.4%, TSM is up 3.74%, ARM is up 2.45%
Also Read:
<ul>
<li><a href="https://www.benzinga.com/media/24/12/42482813/intel-cfo-hints-at-possible-division-split-as-company-struggles-to-recapture-moat" target="_blank" rel="noreferrer noopener">Intel CFO Hints at Possible Division Split as Company Struggles To Recapture Moat</a></li>
</ul>
Image via Shutterstock

PowerShares Exchange-Traded Fund Trust Dynamic Semiconductor Portfolio

SOXQ

Nvidia, AMD, Taiwan Semi Gain As Broadcom's Q4 Performance Sparks Sector-Wide Surge

Advanced Micro Devices's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NYSE">AMD</a>) short percent of float has fallen 8.82% since its last report. The company recently reported that it has 45.03 million shares sold short, which is 2.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.62 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Advanced Micro Devices Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734096633_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Advanced Micro Devices has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Advanced Micro Devices's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Advanced Micro Devices's peer group average for short interest as a percentage of float is 5.02%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Advanced Micro Devices's Recent Short Interest

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ASMLF

ASTS

BCSF

BUZZ

CAVA

IONQ

LCID

LUMN

QBTS

RIVN

SIRI

SOFI

TSMWF

UBER

VKTX

ZETA

Earnings

Press Releases

AMD Reports Third Quarter 2024 Financial Results

The Gaming Legend Continues — AMD Introduces Next-Generation AMD Ryzen 7 9800X3D Processor

Fujitsu and AMD to begin strategic partnership to develop more sustainable computing infrastructure intended to accelerate open-source AI initiatives

Contracts

AMD Announces Versal Premium Series Gen 2 Enabling New Levels of System Acceleration to Meet the Demands of Data-Intensive Workloads

AMD Accelerates Exascale Computing to New Heights Powering the Fastest Supercomputer Ever, El Capitan

AMD Announces Upcoming Events for the Financial Community

AMD Announces Press Conference at CES 2025

Tim Keating Joins AMD as Senior Vice President, Government Relations and Regulatory Affairs

AMD Introduces Versal RF Series Adaptive SoCs Offering the Industry's Highest Compute in a Single-Chip Device with Integrated Direct RF-Sampling Converters

Analog Devices

Astera Labs

Arm Holdings plc - American Depositary Shares

ARM Holdings

ASE Technology Holding Co., Ltd. American Depositary Shares (each representing Two Common Shares)

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