Dell Technologies Option Alert: Jan 16 $100 Puts at the Bid: 1670 vs 14221 OI; Earnings 2/27 After Close 

Dell Technologies Option Alert: Jan 16 $100 Puts at the Bid: 1670 @ $10.1 vs 14221 OI; Earnings 2/27 After Close Ref=$117.985

Dell Technologies Option Alert: Jan 16 $150 Calls Sweep (16) near the Ask: 562 vs 1868 OI; Earnings 2/27 After Close 

Dell Technologies Option Alert: Jan 16 $150 Calls Sweep (16) near the Ask: 562 @ $12.0 vs 1868 OI; Earnings 2/27 After Close Ref=$121.55

Dell Technologies Option Alert: Feb 28 $105 Calls Sweep (26) near the Ask: 1764 vs 5219 OI; Earnings 2/27 After Close 

Dell Technologies Option Alert: Feb 28 $105 Calls Sweep (26) near the Ask: 1764 @ $12.351 vs 5219 OI; Earnings 2/27 After Close Ref=$114.37

Dell Technologies (NYSE:DELL) Bolsa

Dell Technologies

Dell Inc.

NASDAQ

Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and enterprise on-premises data center hardware. It holds top-three market shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.

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Dell Technologies Inc. Class C Common Stock

Dell Technologies Inc

Citigroup analyst Asiya Merchant maintains Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) with a Buy and lowers the price target from $156 to $145.

Price Target

Analyst Ratings

Citigroup Maintains Buy on Dell Technologies, Lowers Price Target to $145

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>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$60.00</td>
<td>$29.4K</td>
<td>48.1K</td>
<td>90.7K</td>
</tr>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$130.00</td>
<td>$26.6K</td>
<td>70.8K</td>
<td>32.3K</td>
</tr>
<tr>
<td>RGTI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$10.50</td>
<td>$27.0K</td>
<td>1.7K</td>
<td>5.9K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$45.00</td>
<td>$236.8K</td>
<td>23.0K</td>
<td>2.8K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$120.00</td>
<td>$49.1K</td>
<td>6.2K</td>
<td>1.7K</td>
</tr>
<tr>
<td>QBTS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$8.00</td>
<td>$80.1K</td>
<td>4.5K</td>
<td>1.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/28/25</td>
<td>$126.00</td>
<td>$41.5K</td>
<td>1.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$100.00</td>
<td>$58.5K</td>
<td>6.1K</td>
<td>1.2K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/07/25</td>
<td>$225.00</td>
<td>$123.5K</td>
<td>877</td>
<td>708</td>
</tr>
<tr>
<td>MCHP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/28/25</td>
<td>$60.00</td>
<td>$65.0K</td>
<td>560</td>
<td>522</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on February 21, 2025. This event was a transfer of 62 contract(s) at a $60.00 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 $29.4K, with a price of $475.0 per contract. There were 48158 open contracts at this strike prior to today, and today 90783 contract(s) were bought and sold. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on February 21, 2025. Parties traded 1900 contract(s) at a $130.00 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 $26.6K, with a price of $14.0 per contract. There were 70835 open contracts at this strike prior to today, and today 32305 contract(s) were bought and sold. 
• Regarding RGTI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), we observe a call option trade with neutral sentiment. It expires in 2 day(s) on February 21, 2025. Parties traded 300 contract(s) at a $10.50 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $90.0 per contract. There were 1716 open contracts at this strike prior to today, and today 5965 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 trade that happens to be neutral, expiring in 331 day(s) on January 16, 2026. This event was a transfer of 2115 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $236.8K, with a price of $112.0 per contract. There were 23060 open contracts at this strike prior to today, and today 2856 contract(s) were bought and sold. 
• For DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on February 21, 2025. This event was a transfer of 289 contract(s) at a $120.00 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 $49.1K, with a price of $170.0 per contract. There were 6270 open contracts at this strike prior to today, and today 1767 contract(s) were bought and sold. 
• Regarding QBTS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), we observe a call option sweep with bearish sentiment. It expires in 30 day(s) on March 21, 2025. Parties traded 1000 contract(s) at a $8.00 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 $80.1K, with a price of $80.0 per contract. There were 4574 open contracts at this strike prior to today, and today 1441 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, expiring in 9 day(s) on February 28, 2025. This event was a transfer of 100 contract(s) at a $126.00 strike. The total cost received by the writing party (or parties) was $41.5K, with a price of $415.0 per contract. There were 1071 open contracts at this strike prior to today, and today 1259 contract(s) were bought and sold. 
• Regarding FTNT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), we observe a call option trade with bullish sentiment. It expires in 695 day(s) on January 15, 2027. Parties traded 16 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $58.5K, with a price of $3660.0 per contract. There were 6191 open contracts at this strike prior to today, and today 1207 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 16 day(s) on March 7, 2025. Parties traded 100 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $123.5K, with a price of $1235.0 per contract. There were 877 open contracts at this strike prior to today, and today 708 contract(s) were bought and sold. 
• Regarding MCHP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), we observe a call option trade with bearish sentiment. It expires in 9 day(s) on February 28, 2025. Parties traded 250 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $65.0K, with a price of $260.0 per contract. There were 560 open contracts at this strike prior to today, and today 522 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

FTNT

MCHP

PLTR

QBTS

RGTI

SMCI

10 Information Technology Stocks Whale Activity In Today's Session

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>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$150.00</td>
<td>$29.4K</td>
<td>123.2K</td>
<td>8.9K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$120.00</td>
<td>$28.0K</td>
<td>20.2K</td>
<td>6.7K</td>
</tr>
<tr>
<td>ZETA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/28/25</td>
<td>$30.00</td>
<td>$39.7K</td>
<td>541</td>
<td>3.2K</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$110.00</td>
<td>$44.3K</td>
<td>2.9K</td>
<td>3.0K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/28/25</td>
<td>$190.00</td>
<td>$67.0K</td>
<td>1.2K</td>
<td>2.4K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$170.00</td>
<td>$166.4K</td>
<td>11.6K</td>
<td>2.1K</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$100.00</td>
<td>$168.7K</td>
<td>3.1K</td>
<td>2.1K</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$75.00</td>
<td>$33.0K</td>
<td>13.2K</td>
<td>2.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$130.00</td>
<td>$29.4K</td>
<td>5.6K</td>
<td>1.6K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$155.00</td>
<td>$194.5K</td>
<td>346</td>
<td>1.4K</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 trade with bullish sentiment. It expires in 31 day(s) on March 21, 2025. Parties traded 50 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $29.4K, with a price of $588.0 per contract. There were 123284 open contracts at this strike prior to today, and today 8983 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 sweep that happens to be bearish, expiring in 31 day(s) on March 21, 2025. This event was a transfer of 28 contract(s) at a $120.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $1001.0 per contract. There were 20299 open contracts at this strike prior to today, and today 6726 contract(s) were bought and sold. 
• For ZETA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>), we notice a call option sweep that happens to be bearish, expiring in 10 day(s) on February 28, 2025. This event was a transfer of 284 contract(s) at a $30.00 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $39.7K, with a price of $140.0 per contract. There were 541 open contracts at this strike prior to today, and today 3240 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 bearish, expiring in 3 day(s) on February 21, 2025. This event was a transfer of 78 contract(s) at a $110.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $44.3K, with a price of $568.0 per contract. There were 2943 open contracts at this strike prior to today, and today 3034 contract(s) were bought and sold. 
• Regarding ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on February 28, 2025. Parties traded 500 contract(s) at a $190.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $67.0K, with a price of $134.0 per contract. There were 1298 open contracts at this strike prior to today, and today 2421 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 bullish, expiring in 332 day(s) on January 16, 2026. This event was a transfer of 23 contract(s) at a $170.00 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 $166.4K, with a price of $7235.0 per contract. There were 11611 open contracts at this strike prior to today, and today 2112 contract(s) were bought and sold. 
• For FTNT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), we notice a call option sweep that happens to be bullish, expiring in 696 day(s) on January 15, 2027. This event was a transfer of 45 contract(s) at a $100.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $168.7K, with a price of $3750.0 per contract. There were 3155 open contracts at this strike prior to today, and today 2110 contract(s) were bought and sold. 
• For WDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), we notice a call option sweep that happens to be bearish, expiring in 58 day(s) on April 17, 2025. This event was a transfer of 110 contract(s) at a $75.00 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 $33.0K, with a price of $300.0 per contract. There were 13251 open contracts at this strike prior to today, and today 2005 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 122 day(s) on June 20, 2025. This event was a transfer of 50 contract(s) at a $130.00 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 $29.4K, with a price of $590.0 per contract. There were 5635 open contracts at this strike prior to today, and today 1619 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 call option trade with bullish sentiment. It expires in 58 day(s) on April 17, 2025. Parties traded 1400 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $194.5K, with a price of $139.0 per contract. There were 346 open contracts at this strike prior to today, and today 1407 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.

ANET

ZETA

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

Benchmark analyst Cody Acree reiterated Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a Buy and a <a target="_blank" href="https://www.benzinga.com/quote/AMD/analyst-ratings" rel="noreferrer noopener">$170&nbsp;price target</a>.
Acree recently hosted AMD&#8217;s Jean Hu, CFO, for a discussion with investors. He came away with further conviction in AMD&#8217;s strong fundamental position, its increasing competitiveness in the AI market, and its continued market share gains in both the Client and Server markets versus Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43728563/amc-networks-q4-earnings-subscriber-growth-cash-flow-despite-revenue-declines-impairment-charges-free-cash-flow-outlook" rel="noreferrer noopener">AMC Networks Q4 Earnings: Streaming Revenue And Subscriber Growth Cushions Revenue Decline</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/2025/02/18102022/newplot-12.png" alt="" class="wp-image-787133" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18102022/newplot-12.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18102022/newplot-12-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
The analyst noted a focus on the company&#8217;s AI ramp of its next-generation MI350 GPU with a pulled-ahead schedule of mid-year 2025 versus the prior schedule of the second half. With the transition, AMD expects first-half 2025 Data Center revenue to be flat due to softer seasonality and its Instinct revenue to be flat as customers wait for the launch of the new platform.
AMD broadly expects MI350 to be much more directly competitive with Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell, with MI400 likely to be technically competitive with Rubin. Nvidia&#8217;s Blackwell delays and accelerated move-up of the MI350 launch proved that AMD is closing the competitive gap.
AMD noted ASICs only make up about 20% of the total AI silicon opportunity, thereby remaining adamant about not changing its focus priority from its primary GPU roadmap.
The analyst said that the company&#8217;s Client business continues to look solid as AMD gains market share momentum in both the Desktop and Notebook markets.
At a high level, for 2025, AMD is forecasting its PC TAM to grow by a mid-single-digit percentage year-on-year. However, based on the breadth of its client CPU portfolio and strong design win momentum, the company expects to grow its Client segment revenue well ahead of the market.
While the company expects its Client business to see normal first-quarter softer seasonality, in 2025, it is benefiting from its first win at Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) in the commercial client space.
In the server market, AMD continues to benefit from the strong adoption of its Gen 4 and new Gen 5 designs.
The company is seeing its EPYC processors gaining traction thanks to Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), Dell, and Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).
Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Amazon Web Services, Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) launched over 100 AMD general-purpose and AI instances in just the fourth quarter.
In the fourth quarter, EPYC CPU sales grew by a strong double-digit percentage annually, thanks to high-volume deployments with ServiceNow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), and others. Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) exclusively used MI300X to power their Llama 405B frontier model on meta.ai.
Microsoft leveraged MI300X to power multiple GPT-4-based Copilot services.
With over 100 customer engagements in AI, AMD expanded its ROCm software suite.
International Business Machines Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), DigitalOcean Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), and several other AI-focused Cloud Service Providers have begun deploying AMD Instinct accelerators for new instances. IBM also announced plans to enable MI300X on their watsonx.ai and data platform for training and deploying enterprise-ready generative AI applications.
AMD began volume production of MI325X in the fourth quarter. MI325 delivers significant performance and TCO advantages compared to competitive offerings, including H100.
AMD has passed key milestones and received unconditional regulatory approvals regarding its acquisition of ZT Systems. Additionally, AMD expects to divest ZT Systems&#8217; data center infrastructure production capabilities.
While industry capacity will likely remain tight, AMD noted it has successfully secured sufficient wafer capacity to support its customers&#8217; planned ramps through the end of this year and into 2026.
Price Action: AMD stock is up 1.10% at $114.35 at the last check on Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/25/02/43727973/taiwan-semiconductor-eyes-us-expansion-amid-taiwans-push-for-bigger-investments-and-advanced-chip-production" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Eyes US Expansion Amid Push for Bigger Investments and Advanced Chip Production</a></li>
</ul>
Photo via Shutterstock

Reiteration

Trading Ideas

AMZN

BABA

CSCO

DOCN

GOOG

GOOGL

AMD Closing Competitive GPU Gap With Nvidia, Gains Market Share From Intel In Client And Server Markets: Analyst

Investors with a lot of money to spend have taken a bullish stance on Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</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 DELL, 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 20 uncommon options trades for Dell Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 25%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $160,880, and 18 are calls, for a total amount of $1,182,587.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $150.0 for Dell Technologies, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Dell Technologies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Dell Technologies's substantial trades, within a strike price spectrum from $105.0 to $150.0 over the preceding 30 days.
<h3>Dell Technologies Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739890865_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>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$19.65</td>
<td>$18.65</td>
<td>$19.2</td>
<td>$105.00</td>
<td>$192.0K</td>
<td>657</td>
<td>31</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$23.5</td>
<td>$21.7</td>
<td>$23.5</td>
<td>$115.00</td>
<td>$117.5K</td>
<td>883</td>
<td>0</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$14.05</td>
<td>$13.5</td>
<td>$13.78</td>
<td>$120.00</td>
<td>$110.2K</td>
<td>1.7K</td>
<td>1</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$5.9</td>
<td>$5.75</td>
<td>$5.9</td>
<td>$115.00</td>
<td>$96.1K</td>
<td>6.1K</td>
<td>2.5K</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$9.05</td>
<td>$9.0</td>
<td>$9.05</td>
<td>$105.00</td>
<td>$95.9K</td>
<td>1.1K</td>
<td>22</td>
</tr>
</tbody>
</table>

<h3>About Dell Technologies</h3>
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and enterprise on-premises data center hardware. It holds top-three market shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.
After a thorough review of the options trading surrounding Dell Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Dell Technologies's Current Market Status</h3>
<ul>
<li>With a volume of 2,750,514, the price of DELL is up 4.83% at $119.9. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 9 days.</li>
</ul>
<h3>Expert Opinions on Dell Technologies</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $142.66666666666666.
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; Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Dell Technologies with a target price of $150. 
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Dell Technologies, targeting a price of $128. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Dell Technologies, targeting a price of $150. 
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 Dell Technologies options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Markets

Dell Technologies's Options: A Look at What the Big Money is Thinking

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Jefferies raised Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) price target from $105 to $118. Jefferies analyst David Katz upgraded the stock from Hold to Buy. Wynn Resorts shares closed at $88.82 on Friday. See how other analysts <a href="https://www.benzinga.com/quote/WYNN/analyst-ratings">view </a>this stock.</li>
<li>Keefe, Bruyette &amp; Woods increased the price target for Brighthouse Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) from $60 to $66. Keefe, Bruyette &amp; Woods analyst Ryan Krueger maintained a Market Perform rating. Brighthouse Financial shares closed at $62.14 on Friday. See how other analysts <a href="https://www.benzinga.com/quote/BHF/analyst-ratings">view </a>this stock.</li>
<li>Morgan Stanley raised Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) price target from $42 to $60. Morgan Stanley analyst Craig Hettenbach downgraded the stock from Overweight to Equal-Weight. Hims &amp; Hers Health shares closed at $60.47 on Friday. See how other <a href="https://www.benzinga.com/quote/HIMS/analyst-ratings">analysts </a>view this stock.</li>
<li>Needham raised the price target for DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) from $60 to $65. Needham analyst Bernie McTernan maintained a Buy rating. DraftKings shares closed at $53.49 on Friday. <a href="https://www.benzinga.com/quote/DKNG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan raised the price target for Bath &amp; Body Works, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) from $41 to $47. JP Morgan analyst Matthew Boss upgraded the stock from Neutral to Overweight. Bath &amp; Body Works shares closed at $36.47 on Friday. <a href="https://www.benzinga.com/quote/BBWI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. cut Outlook Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTLK#NASDAQ">OTLK</a>) price target from $30 to $3. HC Wainwright &amp; Co. analyst Douglas Tsao maintained a Buy rating. Outlook Therapeutics shares settled at $1.87 on Friday. <a href="https://www.benzinga.com/quote/OTLK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity increased Alnylam Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALNY#NASDAQ">ALNY</a>) price target from $384 to $385. Canaccord Genuity analyst Whitney Ijem maintained a Buy rating. Alnylam Pharmaceuticals shares closed at $256.45 on Friday. <a href="https://www.benzinga.com/quote/ALNY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods raised Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) price target from $255 to $305. Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintained a Market Perform rating. Coinbase shares closed at $274.31 on Friday.  <a href="https://www.benzinga.com/quote/COIN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities cut the price target for Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) from $155 to $150. B of A Securities analyst Wamsi Mohan maintained a Buy rating. Dell shares settled at $114.38 on Friday. <a href="https://www.benzinga.com/quote/DELL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank cut Merck &amp; Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>) price target from $128 to $105. Deutsche Bank analyst James Shin downgraded the stock from Buy to Hold. Merck shares closed at $83.01 on Friday. <a href="https://www.benzinga.com/quote/mrk/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/02/43730195/top-3-defensive-stocks-that-may-collapse-in-q1">Top 3 Defensive Stocks That May Collapse In Q1</a></li>
</ul>

Pre-Market Outlook

ALNY

BBWI

Brighthouse Financial, Inc. - Common Stock

COIN

DKNG

Hims & Hers Health, Inc. Class A Common Stock

HIMS

OTLK

WYNN

Coinbase To Rally Over 11%? Here Are 10 Top Analyst Forecasts For Tuesday

B of A Securities analyst Wamsi Mohan maintains Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) with a Buy and lowers the price target from $155 to $150.

B of A Securities Maintains Buy on Dell Technologies, Lowers Price Target to $150

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>02/14/25</td>
<td>$137.00</td>
<td>$45.8K</td>
<td>28.9K</td>
<td>279.9K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$25.00</td>
<td>$93.4K</td>
<td>46.8K</td>
<td>78.8K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$50.00</td>
<td>$48.4K</td>
<td>28.3K</td>
<td>77.7K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$120.00</td>
<td>$132.3K</td>
<td>19.7K</td>
<td>29.3K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$340.00</td>
<td>$29.3K</td>
<td>9.4K</td>
<td>15.6K</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$500.00</td>
<td>$28.7K</td>
<td>1.1K</td>
<td>5.6K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/28/25</td>
<td>$105.00</td>
<td>$54.3K</td>
<td>5.2K</td>
<td>5.0K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/07/25</td>
<td>$245.00</td>
<td>$25.6K</td>
<td>3.6K</td>
<td>2.0K</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$15.00</td>
<td>$33.8K</td>
<td>49.2K</td>
<td>1.2K</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$210.00</td>
<td>$32.5K</td>
<td>3.6K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on February 14, 2025. This event was a transfer of 236 contract(s) at a $137.00 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 $45.8K, with a price of $194.0 per contract. There were 28959 open contracts at this strike prior to today, and today 279941 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on February 21, 2025. Parties traded 1821 contract(s) at a $25.00 strike. This particular call needed to be split into 81 different trades to become filled. The total cost received by the writing party (or parties) was $93.4K, with a price of $52.0 per contract. There were 46831 open contracts at this strike prior to today, and today 78855 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on February 21, 2025. This event was a transfer of 265 contract(s) at a $50.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $48.4K, with a price of $184.0 per contract. There were 28343 open contracts at this strike prior to today, and today 77709 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 sweep that happens to be bullish, expiring in 4 day(s) on February 21, 2025. This event was a transfer of 444 contract(s) at a $120.00 strike. This particular call needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $132.3K, with a price of $298.0 per contract. There were 19701 open contracts at this strike prior to today, and today 29351 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 4 day(s) on February 21, 2025. This event was a transfer of 30 contract(s) at a $340.00 strike. The total cost received by the writing party (or parties) was $29.3K, with a price of $979.0 per contract. There were 9437 open contracts at this strike prior to today, and today 15671 contract(s) were bought and sold. 
• Regarding APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we observe a call option sweep with neutral sentiment. It expires in 4 day(s) on February 21, 2025. Parties traded 12 contract(s) at a $500.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $2395.0 per contract. There were 1149 open contracts at this strike prior to today, and today 5694 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 call option sweep with bullish sentiment. It expires in 11 day(s) on February 28, 2025. Parties traded 44 contract(s) at a $105.00 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 $54.3K, with a price of $1235.0 per contract. There were 5219 open contracts at this strike prior to today, and today 5035 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 trade that happens to be bearish, expiring in 18 day(s) on March 7, 2025. This event was a transfer of 50 contract(s) at a $245.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $512.0 per contract. There were 3624 open contracts at this strike prior to today, and today 2037 contract(s) were bought and sold. 
• For RIOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), we notice a call option trade that happens to be bullish, expiring in 123 day(s) on June 20, 2025. This event was a transfer of 200 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $33.8K, with a price of $169.0 per contract. There were 49223 open contracts at this strike prior to today, and today 1235 contract(s) were bought and sold. 
• For PANW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), we notice a call option trade that happens to be bullish, expiring in 59 day(s) on April 17, 2025. This event was a transfer of 50 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $32.5K, with a price of $650.0 per contract. There were 3698 open contracts at this strike prior to today, and today 1212 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

MSTR

PANW

RIOT

TSSI

Watching TSS; Shares Spike Higher, Traders Circulate Co Is A Dell Partner

WIIM

Dell shares are trading higher after Bloomberg reported that the company is nearing a deal to sell $5 billion in AI servers to xAI.

<a href="https://www.bloomberg.com/news/articles/2025-02-14/dell-nears-deal-with-musk-s-xai-for-5-billion-in-servers-with-nvidia-chips" title="https://www.bloomberg.com/news/articles/2025-02-14/dell-nears-deal-with-musk-s-xai-for-5-billion-in-servers-with-nvidia-chips">https://www.bloomberg.com/news/articles/2025-02-14/dell-nears-deal-with-musk-s-xai-for-5-billion-in-servers-with-nvidia-chips</a>

Contracts

'Dell Nears Deal To Sell $5B In AI Servers To Musk's xAI' - Bloomberg News

Morgan Stanley analyst Erik Woodring maintains Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) with a Overweight and lowers the price target from $154 to $128.

Morgan Stanley Maintains Overweight on Dell Technologies, Lowers Price Target to $128

GraniteShares has launched three new <a href="https://www.benzinga.com/etfs">leveraged single-stock ETFs</a> that provide amplified exposure to Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), and Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>). The latest additions, revealed on Feb. 13, further expand the firm's rapidly growing suite of leveraged and short ETFs, bringing its total offerings to 23.
The newly launched leveraged single-stock ETFs include GraniteShares 2x Long QCOM Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCML#NASDAQ">QCML</a>), GraniteShares 2x Long DELL Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLLL#NASDAQ">DLLL</a>), GraniteShares 2x Long INTC Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTW#NASDAQ">INTW</a>).
Also Read: <a href="https://www.benzinga.com/etfs/new-etfs/25/02/43694659/elm-wealth-debuts-etf-with-362-million-in-assets-75-devoted-to-global-equities">Elm Wealth Debuts ETF With $362 Million In Assets, 75% Devoted To Global Equities</a>
These are the first leveraged single-stock ETFs for Dell, Intel, and Qualcomm. These funds provide investors with a more accessible way to trade these tech names without the need for margin accounts or concerns over margin calls. Additionally, the developing options market around these ETFs presents traders with further strategic possibilities.
These funds are designed for traders who are bullish on the AI revolution and looking to amplify their exposure to these key technology stocks. By leveraging performance at a two-times multiplier, investors stand to magnify both potential gains and losses based on daily price movements.
Beyond its leveraged products, GraniteShares recently made a bold entry into the options income space with its innovative YieldBoost strategy. The first fund in this lineup, GraniteShares YieldBoost TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSYY#NASDAQ">TSYY</a>), was launched in December last year. It is structured to generate income by selling put options.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/new-etfs/25/02/43663523/new-treasury-etfs-target-liquidity-as-vanguard-expands-fixed-income-lineup">New Treasury ETFs Target Liquidity As Vanguard Expands Fixed-Income Lineup</a></li>
</ul>
Photo: Shutterstock

New ETFs

ETFs

DLLL

INTW

QCML

QCOM

TSYY

New Leveraged ETFs Let Traders Bet Big On Dell, Intel, Qualcomm

<a target="_blank" href="https://www.benzinga.com/topic/artificial-intelligence" rel="noreferrer noopener">Artificial intelligence server</a> company Super Micro Computer, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock has risen over 1,336% in the last five years, backed by demand for AI hardware and infrastructure in line with the AI boom.
Aswath Damodaran, a Professor of Finance at the Stern School of Business at New York University, proclaimed the need for investments in infrastructure to accomplish <a target="_blank" href="https://aswathdamodaran.substack.com/p/ais-winners-losers-and-wannabes-valuing" rel="noreferrer noopener">AI ambitions</a>.
The launch of ChatGPT in 2022 posed a positive catalyst for the server market, as demand for AI servers increased with the generative AI boom.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43442520/strong-iphone-upgrades-ai-features-and-services-growth-fuel-apples-momentum-bofa-analyst-says" rel="noreferrer noopener">Apple May Face Limited Tariff Impact, Trump Administration Could Ease DOJ Pressure: BofA</a>
Dell, Super Micro, and Hewlett Packard are the Big 3 Original Equipment Manufacturers of the AI server market. However, &#8220;Original Design Manufacturer direct&#8221; sales dominate as Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and its Big Tech peers continue to have their servers custom-made, as per <a target="_blank" href="https://www.counterpointresearch.com/insight/post-insight-research-notes-blogs-ai-servers-are-now-one-third-of-the-global-server-market" rel="noreferrer noopener">Counterpoint</a>.
Super Micro&#8217;s <a target="_blank" href="https://ir.supermicro.com/financials/sec-filings/default.aspx" rel="noreferrer noopener">gross margin</a> ranged between 15%-18% in the last three fiscals <a target="_blank" href="https://investors.hpe.com/financial/annual-reports" rel="noreferrer noopener">compared to</a> Hewlett Packard&#8217;s 33.4%-35% and <a target="_blank" href="https://investors.delltechnologies.com/financial-information/sec-filings?field_nir_sec_form_group_target_id=471&amp;field_nir_sec_date_filed_value=&amp;filter_type=&amp;relative_date_range_after=&amp;relative_date_range_before=&amp;exact_date_range_after=&amp;exact_date_range_before=&amp;items_per_page=10" rel="noreferrer noopener">Dell&#8217;s 22%-24%</a> due to the companies&#8217; diversified product portfolio with potentially higher margin segments.
Also, Super Micro priced its AI servers at a discount versus rivals to win market share, Reuters cited CFO David Weigand during a quarterly earnings call.
Super Micro&#8217;s stock value lost 25% in the <a target="_blank" href="https://www.benzinga.com/24/12/42520765/super-micro-drops-below-50-day-average-faces-nasdaq-100-removal-just-months-after-entry" rel="noreferrer noopener">last six months</a> as auditor Ernst &amp; Young quit in October over governance concerns. The company tapped BDO USA as its new auditor.
Super Micro, scrutinized by a Hindenburg Research report and a U.S. Department of Justice probe for alleged accounting fraud, has until February 25 to file its delayed financial reports. The stock lost its position in the Nasdaq 100 index in December 2024, months after joining it in July 2024.
According to the AI server company&#8217;s latest <a target="_blank" href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001375365/b47ec77a-b669-438b-82d3-553ab0d77e45.html" rel="noreferrer noopener">quarterly report</a>, Super Micro&#8217;s <a target="_blank" href="https://www.benzinga.com/news/24/10/41355570/super-micro-expands-liquid-cooled-ai-servers-with-nvidia-power" rel="noreferrer noopener">customers include</a> Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), 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>), Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>), and Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
Super Micro remains <a target="_blank" href="https://www.benzinga.com/24/12/42709635/super-micro-and-nvidia-expand-in-taiwan-with-green-energy-and-ai-projects" rel="noreferrer noopener">engaged in constructive endeavors</a>, including collaborating with Taiwan&#8217;s Guo Rui to form a renewable-energy-powered computation center in Taiwan. Reportedly, Nvidia plans to build a secondary headquarters in Taiwan.
Super Micro launched new <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/02/43500503/whats-going-on-with-ai-infrastructure-provider-supermicros-stock-today" rel="noreferrer noopener">AI data center solutions</a> with Nvidia Blackwell, and it has production plants in San Jose, Europe, and Asia.
In January, Super Micro began shipping <a target="_blank" href="https://www.benzinga.com/markets/equities/25/01/42900090/super-micro-begins-shipping-max-performance-servers-with-intel-xeon-6900-series-processors" rel="noreferrer noopener">max-performance servers</a> with Intel Xeon 6900 processors optimized for AI, HPC, and GPU-intensive tasks.
On January 30, Super Micro CEO Charles Liang <a target="_blank" href="https://x.com/charlesliang/status/1885087135922847978" rel="noreferrer noopener">tweeted</a> about expanding its partnership with Elon Musk&#8217;s AI startup,&nbsp;xAI.
On Tuesday, Super Micro reported <a target="_blank" href="https://www.benzinga.com/25/02/43646949/supermicro-sees-conservative-40-billion-revenue-target-despite-auditor-exit-stocks-50-slide" rel="noreferrer noopener">preliminary second-quarter</a> revenue of $5.6 billion—$5.7 billion (below the $5.89 billion consensus), up 54%.&nbsp;
The company cut its fiscal year 2025 guidance to $23.5 billion—$25 billion from its previous forecast of $26 billion—$30 billion (versus the $24.92 billion consensus). It projected fiscal year 2026 revenue of $40 billion versus the $29.92 billion consensus.
The company expects to file&nbsp;its delayed annual and quarterly reports to the U.S. SEC <a target="_blank" href="https://www.benzinga.com/25/02/43651025/smci-climbs-66-in-wednesday-pre-market-whats-going-on" rel="noreferrer noopener">by the deadline</a>.
Analysts rerated the stock upon the results.
<ul>
<li>Wedbush analyst Matt Bryson maintained Super Micro with a Neutral and raised the price target from $24 to $40.</li>
<li>JP Morgan analyst Samik Chatterjee maintained Super Micro with an Underweight and raised the price target from $23 to $35.</li>
<li>Needham analyst Quinn Bolton suspended the rating on Super Micro.</li>
</ul>
Wedbush: Super Micro&#8217;s softer, uninspiring results, the vision of a significantly more robust future, and plans to file its financials before the deadline should reduce uncertainty.
Bryson expects the business to expand considerably in the first half of 2026. However, he is also hesitant to model as aggressively as management forecasts.
JP Morgan: Despite the near-term softness, Super Micro surprised with an updated full-year guide, which implied a strong revenue inflection that the company expects will start a robust AI server revenue cycle.
The price target boost reflects increased conviction from the management team to meet regulatory deadlines.
Needham: Super Micro&#8217;s preliminary revenue and gross margin results fell slightly short of expectations as customers waited to order new Blackwell systems and aggressive pricing on Hopper products.
Bolton maintained his suspended rating as he awaited the filing of the annual and quarterly reports.
Investors can gain exposure to Super Micro through Vanguard Total Stock Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>) and Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>).
Price Action:&nbsp;SMCI stock closed at $39.68 on Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/25/02/43442424/meta-outspends-apple-and-amazon-on-arvr-betting-big-on-future-of-smart-glasses-and-ai" target="_blank" rel="noreferrer noopener">Meta Bets Big on Future of Smart Glasses and AI, Outspends Apple and Amazon on AR/VR</a></li>
</ul>
Image via Shutterstock

SSNLF

Super Micro Rides AI Server Boom, Analysts See Big 2026 Growth Despite Near-Term Challenges

Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is trading 6.6% higher in pre-market on Wednesday as it announced yesterday that it would meet the SEC filing deadline to avoid delisting.
What Happened: SMCI anticipates submitting its delayed annual and quarterly reports to the U.S. Securities and Exchange Commission by the Nasdaq&#8217;s Feb. 25 deadline. The Dell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) rival had postponed these filings following accusations of accounting violations by short-selling firm Hindenburg Research. 
SMCI also reported preliminary second-quarter earnings that trailed Wall Street's expectations, leading to a 19% decline in its shares after the market closed yesterday. However, the stock quickly rebounded, showing a 3% increase late Tuesday.
SEE ALSO: <a href="https://www.benzinga.com/insights/options/25/01/43339877/decoding-dell-technologiess-options-activity-whats-the-big-picture">Decoding Dell Technologies&#8217;s Options Activity: What&#8217;s the Big Picture?</a>
Why It Matters: Despite the accounting accusations and regulatory investigations, SMCI&#8217;s second-quarter revenue witnessed a 54% rise from the past year. They also presented an aspirational growth plan, <a href="https://www.benzinga.com/25/02/43646949/supermicro-sees-conservative-40-billion-revenue-target-despite-auditor-exit-stocks-50-slide">forecasting $40 billion in revenue </a>for the fiscal year 2026. CEO Charles Liang described this target as a "conservative estimation."
Super Micro&#8217;s announcement comes after a tumultuous year marked by controversies and an investigation into its accounting practices. The company&#8217;s delayed SEC filings risked a Nasdaq delisting, and its accountant resigned. Despite these challenges, Super Micro has hired a new accountant and maintains that no indication of wrongdoing was found in an independent review.&nbsp;
Robust revenue growth, fueled by the company&#8217;s strategic position in the AI sector, has contributed to the recovery in its share price.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/25/02/43650247/marriotts-digital-penetration-hits-historic-highs-as-bonvoy-app-downloads-soar-adding-31-million-new-members-ceo-says-transformation-enhancing-the-customer-experience">Marriott&#8217;s Digital Penetration Hits &#8216;Historic Highs&#8217; As Bonvoy App Downloads Soar Adding 31 Million New Members</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

General

SMCI Stock Jumps Nearly 7% In Wednesday Pre-Market After Company Says It Will Meet SEC Filing Deadline

AKAM

BNAI

CSAI

MOBBW

MOBX

SPCB

VNET

Shares of companies within the broader tech sector are trading higher amid a possible rebound after falling last week due to AI competition concerns related to China's DeepSeek AI model.

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>02/14/25</td>
<td>$135.00</td>
<td>$96.6K</td>
<td>41.2K</td>
<td>100.5K</td>
</tr>
<tr>
<td>BBAI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$10.00</td>
<td>$61.2K</td>
<td>2.0K</td>
<td>37.8K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/14/25</td>
<td>$220.00</td>
<td>$92.5K</td>
<td>1.4K</td>
<td>7.5K</td>
</tr>
<tr>
<td>AIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$7.50</td>
<td>$27.5K</td>
<td>5.4K</td>
<td>4.9K</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/14/25</td>
<td>$405.00</td>
<td>$27.2K</td>
<td>3.5K</td>
<td>2.7K</td>
</tr>
<tr>
<td>LSCC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$60.00</td>
<td>$51.3K</td>
<td>2.5K</td>
<td>2.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$70.00</td>
<td>$27.0K</td>
<td>5.3K</td>
<td>1.1K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$110.00</td>
<td>$45.7K</td>
<td>2.8K</td>
<td>789</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$12.50</td>
<td>$25.3K</td>
<td>12.4K</td>
<td>643</td>
</tr>
<tr>
<td>MPWR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$660.00</td>
<td>$34.7K</td>
<td>53</td>
<td>581</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 4 day(s) on February 14, 2025. This event was a transfer of 400 contract(s) at a $135.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $96.6K, with a price of $242.0 per contract. There were 41278 open contracts at this strike prior to today, and today 100560 contract(s) were bought and sold. 
• Regarding BBAI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>), we observe a call option trade with bearish sentiment. It expires in 340 day(s) on January 16, 2026. Parties traded 170 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $61.2K, with a price of $360.0 per contract. There were 2025 open contracts at this strike prior to today, and today 37892 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 trade with bullish sentiment. It expires in 4 day(s) on February 14, 2025. Parties traded 100 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $92.5K, with a price of $925.0 per contract. There were 1453 open contracts at this strike prior to today, and today 7512 contract(s) were bought and sold. 
• Regarding AIOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIOT#NASDAQ">AIOT</a>), we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on February 21, 2025. Parties traded 500 contract(s) at a $7.50 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $55.0 per contract. There were 5449 open contracts at this strike prior to today, and today 4910 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 sweep that happens to be bearish, expiring in 4 day(s) on February 14, 2025. This event was a transfer of 200 contract(s) at a $405.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $27.2K, with a price of $136.0 per contract. There were 3507 open contracts at this strike prior to today, and today 2791 contract(s) were bought and sold. 
• For LSCC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), we notice a call option sweep that happens to be neutral, expiring in 11 day(s) on February 21, 2025. This event was a transfer of 311 contract(s) at a $60.00 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 $51.3K, with a price of $165.0 per contract. There were 2595 open contracts at this strike prior to today, and today 2412 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 bullish, expiring in 340 day(s) on January 16, 2026. This event was a transfer of 5 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $5400.0 per contract. There were 5365 open contracts at this strike prior to today, and today 1147 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 call option trade with bearish sentiment. It expires in 39 day(s) on March 21, 2025. Parties traded 50 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $45.7K, with a price of $915.0 per contract. There were 2836 open contracts at this strike prior to today, and today 789 contract(s) were bought and sold. 
• For IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), we notice a call option sweep that happens to be bullish, expiring in 11 day(s) on February 21, 2025. This event was a transfer of 195 contract(s) at a $12.50 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 $25.3K, with a price of $130.0 per contract. There were 12481 open contracts at this strike prior to today, and today 643 contract(s) were bought and sold. 
• For MPWR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>), we notice a put option sweep that happens to be bullish, expiring in 11 day(s) on February 21, 2025. This event was a transfer of 57 contract(s) at a $660.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $34.7K, with a price of $610.0 per contract. There were 53 open contracts at this strike prior to today, and today 581 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.

AIOT

BBAI

IREN

LSCC

MPWR

High-rolling investors have positioned themselves bullish on Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DELL often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 26 options trades for Dell Technologies. This is not a typical pattern.
The sentiment among these major traders is split, with 46% bullish and 38% bearish. Among all the options we identified, there was one put, amounting to $74,400, and 25 calls, totaling $2,718,493.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $110.0 for Dell Technologies, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Dell Technologies stands at 909.88, with a total volume reaching 24,504.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Dell Technologies, situated within the strike price corridor from $60.0 to $110.0, throughout the last 30 days.
<h3>Dell Technologies Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739198758_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</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>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$22.45</td>
<td>$22.4</td>
<td>$22.4</td>
<td>$90.00</td>
<td>$504.0K</td>
<td>71</td>
<td>0</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$9.35</td>
<td>$9.05</td>
<td>$9.21</td>
<td>$100.00</td>
<td>$184.1K</td>
<td>1.1K</td>
<td>1.4K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$9.4</td>
<td>$8.9</td>
<td>$9.12</td>
<td>$100.00</td>
<td>$182.3K</td>
<td>1.1K</td>
<td>1.2K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$9.5</td>
<td>$8.4</td>
<td>$8.98</td>
<td>$100.00</td>
<td>$179.6K</td>
<td>1.1K</td>
<td>800</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$9.4</td>
<td>$8.4</td>
<td>$8.7</td>
<td>$100.00</td>
<td>$173.9K</td>
<td>1.1K</td>
<td>0</td>
</tr>
</tbody>
</table>

<h3>About Dell Technologies</h3>
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and enterprise on-premises data center hardware. It holds top-three market shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.
Having examined the options trading patterns of Dell Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Dell Technologies's Current Market Status</h3>
<ul>
<li>With a trading volume of 164,631, the price of DELL is up by 1.33%, reaching $107.78.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 17 days from now.</li>
</ul>
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The <a href="https://www.benzinga.com/topic/artificial-intelligence">AI server boom</a> that once had investors piling into U.S.-branded server stocks is losing steam, and <a href="https://www.benzinga.com/25/02/43588299/us-stocks-to-open-on-a-positive-note-after-a-string-of-bad-mondays-recent-dip-has-reached-its-low-point-says-technical-analyst">Wall Street isn't thrilled</a>. 
JPMorgan analyst Samik Chatterjee sees mounting near-term challenges for Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), but he's siding with Dell as the better bet in this AI reset.
<h2 class="wp-block-heading">The AI Server Party Winds Down</h2>
For months, AI servers were the golden goose, but concerns are mounting. Chatterjee outlines four key issues: 
<ol>
<li>Margin pressure from advanced AI compute configurations, </li>
<li>A more competitive landscape with HPE and Lenovo ramping up, </li>
<li>Supply constraints from Nvidia Corp's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell shipments, and </li>
<li>Doubts about AI training intensity following DeepSeek's recent innovation.</li>
</ol>
The result? 
Dell is down 8% year-to-date and off 26% from recent highs, while HPE has stayed flat. 
Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), which rode the AI wave early, is up 19% YTD but faces its own supply and competition hurdles.
Read Also: <a href="https://www.benzinga.com/insights/news/25/02/43463093/if-you-invested-100-in-this-stock-5-years-ago-you-would-have-this-much-today">If You Invested $100 In This Stock 5 Years Ago, You Would Have This Much Today</a>
<h2 class="wp-block-heading">Dell: AI Hangover But A Broader Recovery Looms</h2>
Dell has taken a beating as AI server revenue expectations cooled and broader IT spending remains sluggish. Chatterjee's forecast trims consensus revenue growth from high-single digits to 4% and EPS growth from 19% to 11%. But with Dell's valuation at just 12x forward earnings, the downside risk appears contained.
JPMorgan sees a turnaround potential later in the year as traditional IT spending picks up.
For the fourth quarter, Dell's earnings are expected to slightly exceed consensus, with revenue at $24.8 billion (+11% YoY) and EPS at $2.60 (vs. consensus of $2.52). However, first quarter guidance looks softer, with projected revenue of $23.0 billion (+3% YoY) and EPS of $1.55, below consensus at $1.80. 
The bigger challenge? AI server revenue is moderating while traditional IT demand isn't bouncing back fast enough.
<h2 class="wp-block-heading">HP Enterprise: AI Server Optimism Keeps It Afloat</h2>
HPE has fared better in 2024, thanks in part to optimism around a high-profile deal with Elon Musk's xAI. But that doesn't mean it's in the clear. AI server revenue is expected to decline in the near term due to limited Blackwell supply and waning demand for Hopper-based systems.
For the first quarter, HPE should hit consensus estimates with revenue of $7.8 billion (+15% YoY) and EPS of $0.49. But the second quarter guidance may disappoint, with revenue projected at $7.8 billion (+9% YoY) and EPS of $0.46, trailing consensus of $0.50. 
While HPE benefits from hybrid cloud strength, its AI server momentum isn't expected to repeat early in FY25.
<h2 class="wp-block-heading">The Verdict: Dell Over HPE</h2>
JPMorgan acknowledges that both companies face headwinds, but Dell's stock has already absorbed much of the AI server reset. While HPE has an xAI win keeping sentiment higher, Dell's broader enterprise IT recovery gives it a stronger upside story heading into the second half of 2024.
Bottom line? 
The AI server craze is cooling, but for those looking to position for a rebound, Dell appears to be the more de-risked bet.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/25/02/43578212/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-53">Benzinga&#8217;s &#8216;Stock Whisper&#8217; Index: 5 Stocks Investors Secretly Monitor But Don&#8217;t Talk About Yet</a></li>
</ul>

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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
11:09 AMFeb 20, 2025	PUT	$100.00	Jan 16, 2026	326	0	1670	0	14221	TRADE	BULLISH
12:57 PMFeb 19, 2025	CALL	$150.00	Jan 16, 2026	326	927	562	50	1868	SWEEP	BULLISH
03:58 PMFeb 14, 2025	CALL	$105.00	Feb 28, 2025	4	4904	1764	94	5219	SWEEP	BULLISH