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AMD alerta sobre &#39;SinkClose&#39;, una vulnerabilidad crítica en sus procesadores. Conoce los riesgos y cómo proteger tu sistema.

AMD advierte vulnerabilidad crítica &#39;SinkClose&#39; en procesadores EPYC y Ryzen

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Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is preparing to launch its latest technology for humanoid robots in the first half of 2025 as part of its strategy to enter the fast-evolving robotics industry. The company aims to establish a strong foothold by offering advanced computing solutions tailored for AI-driven robots, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/tech/nvidia-readies-jetson-thor-computers-for-humanoid-robots-in-2025-76cce094?mod=tech_lead_pos3" rel="noreferrer noopener">cites</a> a senior executive.
The new Jetson Thor computers were introduced earlier this year and are designed to enhance the capabilities of human-like robots.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/24/11/41951575/taiwan-semi-boosts-advanced-chipmaking-with-record-euv-expansion-grabs-56-global-share" rel="noreferrer noopener">Taiwan Semi Boosts Advanced Chipmaking with Record EUV Expansion, Grabs 56% Global Share</a>
The technology aims to leverage advancements in artificial intelligence, boost robot autonomy, and improve their interactions with people and their environments.
Nvidia&#8217;s Jetson Thor marks the latest addition to its Jetson platform, a series of compact, high-performance computers developed for AI applications.
During Nvidia&#8217;s annual conference in March, CEO Jensen Huang highlighted the company&#8217;s commitment to the robotics sector, demonstrating several robots powered by Nvidia&#8217;s chips. Rather than building robots, Nvidia intends to provide the underlying technology, similar to how Google supplies Android for smartphones.
Nvidia aims to cater to a broad, fragmented market of numerous robot manufacturers, contrasting with the smartphone industry, which a few large players dominate.
Deepu Talla, Nvidia&#8217;s Vice President of Robotics and Edge Computing, told the WSJ that the company has formed strategic partnerships with industry leaders like Siemens and Universal Robots to integrate its platform into various robotics solutions.
Talla emphasized that Nvidia&#8217;s role is to supply the computing platform for robots, while companies like Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) lead the development of physical robotic systems.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14064156/newplot-7.png" alt="" class="wp-image-647702" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14064156/newplot-7.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14064156/newplot-7-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Tesla&#8217;s humanoid robot, Optimus, is set to begin limited production by late 2025, with plans for broader commercial availability by 2026. Nvidia is already providing key technology components to support Tesla&#8217;s robotics initiatives.
Nvidia <a target="_blank" href="https://www.benzinga.com/news/24/11/41799600/nvidia-partners-with-ai-startup-hugging-face-to-supercharge-open-source-robotics" rel="noreferrer noopener">joined forces with</a> Hugging Face to boost robotics innovation using open-source AI technology.
At the Conference for Robot Learning (CoRL) in Munich, Germany, the two companies unveiled a partnership to speed up robotics research by bringing together their open-source communities.
The alliance integrates Hugging Face&#8217;s LeRobot AI platform with Nvidia&#8217;s AI, Omniverse, and Isaac&#8217;s robotics systems, aiming to drive progress in manufacturing, healthcare, and logistics.
Nvidia stock surged 204% year-to-date.
Morgan Stanley&#8217;s Joseph Moore noted that Nvidia&#8217;s upcoming <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41883803/nvidias-blackwell-chip-revenue-could-hit-6-billion-next-quarter-analyst" rel="noreferrer noopener">Blackwell chip launch</a> is driving substantial revenue, potentially contributing $5 billion—$6 billion in the first quarter.
Moore highlights new growth catalysts for Nvidia, including AI PCs, autonomous vehicles, and per-car software licensing revenue.
Nvidia&#8217;s Data Center business is expected to lead long-term growth, powered by strong demand for AI and machine learning hardware.
Investors can gain exposure to Nvidia through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: NVDA stock is up 0.80% at $147.45 at the last check Thursday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/11/41951274/nutanix-catalysts-include-hci-growth-vmware-market-share-shift-and-ai-demand-analyst" target="_blank" rel="noreferrer noopener">Nutanix Catalysts Include HCI Growth, VMware Market Share Shift, And AI Demand: Analyst</a></li>
</ul>
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NFLX

NVDA

TSLA

Nvidia Powers Tesla's Humanoid Robots With New AI Tech: Here's What To Expect In 2025

Ray Dalio's Bridgewater Associates recently trimmed its Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) stake by 20% in the third quarter 2024, marking a notable reduction in a stock long considered <a href="https://www.benzinga.com/quote/MSFT/news">a tech stalwart</a>.
But Dalio isn't the only prominent investor easing back; Cathie Wood's Ark Invest also trimmed its position in Microsoft, sparking speculation on the future role of Big Tech in high-profile portfolios.
<h3 class="wp-block-heading">Bridgewater's Q3 Picks</h3>
Bridgewater, managing over $17.7 billion, cut its Microsoft stock holding by 220,169 shares, reducing the stock's portfolio weight from 2.54% to 2.12%, according to a Wednesday SEC filing. This shift came as Dalio's fund focused on other assets, with its top buys leaning heavily toward core index holdings, like the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>), and major players in energy and semiconductor sectors, like Constellation Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NYSE">CEG</a>) and Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>).
The pivot suggests Bridgewater may be rebalancing in favor of sectors with defensive and growth-oriented plays, possibly seeking stability amid a fluctuating economic environment.
Read Also: <a href="https://www.benzinga.com/news/24/10/41594398/bill-gates-climate-innovation-model-wins-praise-from-ray-dalio-klaus-schwab-but-say-1-trillion-annua">Bill Gates&#8217; Climate Innovation Model Wins Praise From Ray Dalio, Klaus Schwab, But Say $1 Trillion Annual Funding Globally Is Not Enough</a>
<h3 class="wp-block-heading">Ark Invest's Microsoft Cutback: A Nod to Innovation Over Stability?</h3>
Wood's Ark Invest, known for its aggressive focus on innovation, also pared down its Microsoft stock holding, reducing its position by 11.05% in the third quarter.
Unlike Bridgewater, however, Ark's top buys this quarter were technology and biotech names like Tempus AI Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>), Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and 10X Genomics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>).
The moves highlight Ark's continued commitment to emerging technology and health care, emphasizing disruptive companies over Big Tech mainstays.
<h3 class="wp-block-heading">Broader Implications For Big Tech In Institutional Portfolios</h3>
As both Dalio and Wood adjust their positions, the moves reflect distinct investment philosophies but raise questions about Big Tech's evolving appeal. 
While Bridgewater seems to prioritize diversification and resilience, Ark's lean toward innovation shows a preference for companies positioned to drive future trends rather than rely on established giants. 
This mixed approach underscores the evolving role of Big Tech in dynamic portfolios amid a rapidly shifting economic and innovation landscape.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/41939983/microsoft-president-warns-beijings-tech-progress-is-catching-up-with-the-west-people-who-dont-go-to-china-too-often-assume-theyre-behind">Microsoft President Warns Beijing&#8217;s Tech Progress Is Catching Up With The West: &#8216;People Who Don&#8217;t Go To China Too Often Assume They&#8217;re Behind&#8217;</a></li>
</ul>
Image: Shutterstock

Hedge Funds

AVGO

MSFT

Ray Dalio's Bridgewater Cuts Stake In Microsoft Stock By 20% – Is Big Tech Losing Its Shine?

Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) is expanding its search for a successor to CEO Bob Iger, considering external candidates as the company&#8217;s board, led by incoming Chairman James Gorman, aims to stabilize the succession process.
The move signals a shift from an internal competition among Disney&#8217;s top executives to a broader search, including external contenders such as Andrew Wilson, CEO of Electronic Arts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), the Wall Street Journal <a target="_blank" href="https://www.wsj.com/business/media/disney-explores-wider-field-of-candidates-to-succeed-iger-d1876792" rel="noreferrer noopener">reports</a>.
According to the report, Disney has partnered with executive search firm Heidrick &amp; Struggles to evaluate potential external candidates, and at least two more contenders have been identified beyond Wilson.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41820580/applovins-high-valuation-and-expansion-beyond-gaming-prompt-analyst-caution" rel="noreferrer noopener">AppLovin&#8217;s High Valuation and Expansion Beyond Gaming Prompt Analyst Caution</a>
The decision comes as Gorman, <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41432091/disneys-leadership-shift-james-gorman-named-as-chairman-ceo-search-underway" rel="noreferrer noopener">set to take over</a> as Chairman in January, pushes for a comprehensive review of candidates, signaling his intent to find the right leader to guide Disney beyond Iger&#8217;s tenure.
The company has announced it plans to finalize its choice for the CEO role by early 2026, delaying its previous timeline.
Wilson, who has previously discussed potential deals with Disney and even interviewed for a senior role at ESPN in 2018, remains a strong external contender.
Recent talks have also explored partnerships between Electronic Arts and Disney&#8217;s ESPN, although these discussions have yet to materialize into a deal, the report states.
The WSJ report says that internally, Disney had four key executives vying for the CEO role: Dana Walden, Alan Bergman, Josh D&#8217;Amaro, and Jimmy Pitaro. Each company manages significant areas of Disney&#8217;s business, from streaming to theme parks.
Last week, Disney launched the <a target="_blank" href="https://www.benzinga.com/news/24/11/41720954/disney-creates-new-tech-hub-for-ai-and-ar" rel="noreferrer noopener">Office of Technology Enablement</a> to drive AI and XR innovation across media and parks.
Jim Cramer <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41432091/disneys-leadership-shift-james-gorman-named-as-chairman-ceo-search-underway" rel="noreferrer noopener">showed interest in</a> buying more Disney stock if it dips below $90, stressing the potential value of the company&#8217;s theme parks amid current challenges. Disney laid off 300 corporate employees in September, following earlier cuts of 140 staff in its TV division and 175 at Pixar this year.
The recent U.S. presidential election victory of Donald Trump has also introduced new uncertainties for Disney. Trump&#8217;s criticism of Taiwan and potential changes in trade policies could impact Disney&#8217;s strategic decisions, particularly regarding its international investments and partnerships.
Walt Disney Co stock gained over 10% year-to-date. Investors can gain exposure to the stock through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Actions: DIS stock is down 0.23% at $100.63 at&nbsp;the last check on Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/news/24/11/41819699/roblox-tightens-safety-bans-preteens-from-virtual-social-spaces" target="_blank" rel="noreferrer noopener">Roblox Tightens Safety, Bans Preteens from Virtual Social Spaces</a></li>
</ul>
Image via Shutterstock

Management

Who Will Succeed Disney CEO Bog Iger?

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) tapped Ellen Ochoa, the first Latina astronaut and former NASA&#8217;s Johnson Space Center director, to its <a href="https://nvidianews.nvidia.com/news/nvidia-names-ellen-ochoa-to-board-of-directors" target="_blank" rel="noreferrer noopener">board of directors</a>. The addition highlights the chip designer&#8217;s commitment to bringing diverse leadership experience to its strategic decision-making team.
Ochoa&#8217;s selection marks a significant addition to the board, expanding the number of members to 13.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/24/11/41843262/chinas-stimulus-plan-not-enough-to-ignite-stocks" rel="noreferrer noopener">China&#8217;s Stimulus Plan Not Enough To Ignite Stocks</a>
Ochoa, 66, brings a robust technical and scientific background to the board. She holds a B.S. in physics from San Diego State University and an M.S. and Ph.D. in electrical engineering from Stanford University. Her experience spans leadership roles across multiple industries, including her current board positions at Service Corporation International and Mutual of America Financial Group.
Recently, Apple <a href="https://www.benzinga.com/news/24/11/41751557/nvidia-takes-short-lived-lead-over-apple-in-valuation" target="_blank" rel="noreferrer noopener">gave way to</a> Nvidia as the most valuable company, marking the chipmaker&#8217;s evolution from a 3D gaming startup to an artificial intelligence (AI) powerhouse. Nvidia&#8217;s graphics processing units (GPUs) proved indispensable for AI technology, enabling deep learning and cloud computing. Nvidia also replaced Intel Corp in the Dow Jones Industrial Average.
Nvidia stock is up 206% year-to-date. Investors can gain exposure to the stock through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: NVDA stock is down 0.9% at $147.55 at last check Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41842298/blink-charging-q3-earnings-revenue-miss-product-sales-slump-2024-outlook-cut-more" target="_blank" rel="noreferrer noopener">Blink Charging Q3 Earnings: Revenue Miss, Product Sales Slump, 2024 Outlook Cut &amp; More</a></li>
</ul>
Photo: Shutterstock

Nvidia Taps Former NASA Astronaut To Enhance Board

The Fed's widely anticipated 25 basis point rate cut on Thursday left investors with a sense of relief – but not certainty. According to JPMorgan analyst Maia G Crook. <a href="https://www.benzinga.com/federal-reserve">While Federal Reserve</a> Chair Jerome Powell acknowledged the U.S. economy's resilience, inflation remains a nagging issue.
In the post-meeting press conference, Powell highlighted key growth drivers, including robust consumer spending and a solid labor market.
However, he attributed persistent inflation, or the &#8220;elephant in the conference room,&#8221; largely to lagging pressures, such as shelter and insurance costs, underscoring that the fight against rising prices is far from over.
She notes that while Powell signaled some progress, he avoided providing a clear path forward, emphasizing the Fed's "data-dependent" approach.
Read Also: <a href="https://www.benzinga.com/news/large-cap/24/11/41826586/wall-street-closes-at-record-highs-after-reassurance-from-powell-magnificent-7-hit-17-trillion-tre">Wall Street Hits Record Highs After Powell&#8217;s Speech, Lifts Magnificent 7 Stocks To $17 Trillion In Historic Trading</a>
<h2 class="wp-block-heading">What's Next For December?</h2>
Crook expects another 25 basis point cut in December, followed by quarterly cuts in 2025, but warns the Fed might hold off if the inflation rate doesn't continue to ease. With Powell leaving options open, she suggests the Fed's caution reflects a genuine concern over stubborn inflation that could delay the easing path investors hope for.
ETFs such as the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) and the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) provide exposure to broad market U.S. equities.
<h2 class="wp-block-heading">Politics In The Background</h2>
When asked about the impact of the recent election, Powell stressed that policy decisions will remain apolitical, emphasizing that he would not step down if asked and can't legally be removed from his position. Crook notes that Powell's clarification here reaffirms the Fed's independence, reassuring markets wary of potential political pressures.
She sees the Fed as ready for a December cut, but with inflation still looming large, investors should remain cautious. As Powell sidesteps firm guidance, the Fed's data-driven approach means a slower path is on the table if inflation remains stubborn.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41823887/powell-dismisses-talk-of-resignation-after-trump-victory-says-policy-is-still-res">Powell Dismisses Talk Of Resignation After Trump Victory, Says &#8216;Policy Is Still Restrictive&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Analyst Color

Macro Economic Events

Economics

Federal Reserve

Analyst Ratings

Fed Cuts Interest Rates, But Inflation Remains Elephant In The Room

After Donald Trump's decisive win in the <a href="https://www.benzinga.com/topic/2024-election">2024 U.S. presidential election</a>, Wall Street reacted strongly, particularly in the financial sector. The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) rose 4.84%, while the Vanguard Financials Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFH#NYSE">VFH</a>) gained 5.33% in early Wednesday trading.
Meanwhile, the S&amp;P 500-tracking SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>), and the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) were up about 2%.
<h2 class="wp-block-heading">A Big Win for Banks on Election Day</h2>
As of 10 a.m. ET on Wednesday, seven of the top 10 performing S&amp;P 500 stocks were in the financial sector, with Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>), Capital One Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), and Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) leading the charge.
Trump's victory promises a more favorable regulatory landscape for banks, fueling investor optimism.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41776661/tesla-gm-norwegian-cruise-push-consumer-discretionary-ahead-of-s-p-500-on-election-day">Tesla, GM, Norwegian Cruise Push Consumer Discretionary Ahead Of S&amp;P 500 On Election Day</a>
<h2 class="wp-block-heading">Top Financial Performers: A Look At The Leaders</h2>
<ul>
<li>Discover Financial Services: Soaring 23.5%, Discover led the pack with a stellar performance, reflecting confidence in its growth under a friendlier regulatory environment.</li>
<li>Capital One Financial: Not far behind, Capital One saw a 16.85% jump, as investors anticipate an environment ripe for growth and profitability.</li>
<li>Synchrony Financial: Synchrony surged 15.82%, signaling strong investor confidence in the credit services sector, thanks to expected regulatory relief.</li>
</ul>
<h2 class="wp-block-heading">Major Banks Join The Rally</h2>
The big banks also joined in on the rally, spurred by Trump's potential to push for relaxed financial regulations:
<ul>
<li>Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>): The bank gained 13.1%, reflecting optimism about its prospects under a less regulated environment.</li>
<li>Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>): With a 10.29% increase, Goldman benefited from the market rally and hopes of tax cuts and looser regulations.</li>
<li>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>): Rising 9.92%, Morgan Stanley's strong performance mirrored the broader rally in financials.</li>
</ul>
Overall, Trump's win has amplified investor optimism across the financial sector, with expectations for growth driven by regulatory easing and potential tax cuts.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41772701/trumps-historic-return-7-ways-his-second-term-could-impact-the-us-economy">Trump&#8217;s Historic Return: 7 Ways His Second Term Could Impact The US Economy</a></li>
</ul>
Photo: Anna Moneymaker/Shutterstock.com

Sector ETFs

Politics

Movers

Trading Ideas

ETFs

Trump Victory Sends Bank Stocks Higher, Leading S&P 500 On Regulatory Hopes

Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has cautioned investors about the uncertain profitability of future products as the tech giant pivots towards emerging markets, including artificial intelligence and virtual reality.
With a new addition to its annual report&#8217;s &#8220;risk factors,&#8221; Apple warned that some upcoming offerings might not match the revenue and profit margins of the flagship iPhone line, the Financial Times <a target="_blank" href="https://www.ft.com/content/e30eb646-a7ad-496e-8fa4-ff1b4445e853" rel="noreferrer noopener">reports</a>.
Apple also flagged potential challenges from &#8220;geopolitical tensions&#8221; in its latest filing, alongside safety risks tied to AI integrations.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/11/41757088/fox-corps-political-ad-revenue-surges-tubi-growth-sparks-analyst-optimism" rel="noreferrer noopener">Fox Corp&#8217;s Political Ad Revenue Surges, Tubi Growth Sparks Analyst Optimism</a>
These concerns coincide with Apple&#8217;s push to keep pace with competitors like Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) in the AI sector, where it has recently launched new &#8220;Apple Intelligence&#8221; features and expects to integrate ChatGPT into Siri.
Amid regulatory scrutiny, Apple faces pressure over its high-margin services, including the App Store, as recent U.S. antitrust actions threaten licensing revenue from deals with Google.
This shift in focus comes as Apple broadens its product lineup to sustain revenue. Its Vision Pro headset, a &#8220;spatial computing&#8221; device priced at $3,499, marks the company&#8217;s latest attempt at diversifying its hardware portfolio, though sales remain modest.
Meanwhile, the company&#8217;s services business, contributing a gross margin of over 70%, has helped bolster profitability and offset slowing iPhone growth.
Apple&#8217;s gross margin, which hovered around 33% when the iPhone launched in 2007, has risen to over 40% as demand for high-end models increases.
BofA Securities analyst Wamsi Mohan projected a <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41722824/apples-services-and-silicon-strategy-to-fuel-margins-justify-high-valuation-analyst" rel="noreferrer noopener">robust iPhone upgrade</a> cycle in 2025 and 2026, fueled by demand for Gen AI capabilities, increasing Services revenue, higher margins from Apple&#8217;s in-house silicon, continued capital returns, and expanded AI-driven institutional interest.
Mohan expects minimal impact from the EU Digital Markets Act on Apple&#8217;s App Store performance.
Needham&#8217;s Laura Martin&nbsp;estimates <a target="_blank" href="https://www.benzinga.com/news/24/09/41005053/apple-iphone-to-fuel-96-of-2025-revenue-analyst-says-a-safer-bet-than-ai-heavy-amazon-alphabet-micro" rel="noreferrer noopener">iPhone sales to</a> account for 89%-96% of Apple&#8217;s 2025 revenue.
Apple stock has gained over 20% year-to-date. Investors can gain exposure to the stock through the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) and the Vanguard Total Stock Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>).
Price Action: At the last check on Wednesday, AAPL stock traded higher by 0.48% to $224.53 premarket.
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</ul>
Image via Shutterstock

AAPL

GOOG

GOOGL

Apple Signals Profit Risks in AI and VR Shift: What It Means for Investors?

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

AMZN

Nvidia Takes Short-Lived Lead Over Apple In Valuation

Vanguard has surpassed BlackRock as the manager of the world&#8217;s second-largest ETF. 
What Happened: Vanguard&#8217;s S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) has edged past BlackRock&#8217;s iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) in terms of assets. As of last Friday, VOO held $540.76 billion, slightly exceeding IVV&#8217;s $540.66 billion, based on Morningstar data. This marks a notable change, as VOO was $58 billion behind IVV at the start of 2022, Financial Times<a href="https://www.ft.com/content/3067c4ce-8d0e-4307-8b1a-a7edd21639ff?ref=biztoc.com"> reported</a> on Tuesday.
VOO is now trailing the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) by $50 billion, which remains the largest ETF globally. Analysts, including Bryan Armour from Morningstar, predict that VOO could surpass SPY by 2025 or 2026 if its current growth continues.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41734072/bitcoin-ethereum-slip-while-dogecoin-surges-ahead-of-presidential-election-analyst-predict?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum Slip While Dogecoin Surges Ahead Of Presidential Election; Analyst Predicts BTC Will Hi</a>
Vanguard&#8217;s broader S&amp;P 500 vehicle holds $1.28 trillion in assets, ranking as the second-largest investment fund globally. Meanwhile, the net assets held by BlackRock&#8217;s IVV ETF is $540.10 Billion. 
As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, as of Monday, the net asset value (NAV) of year-to-date (YTD) returns of VOO has risen 21.10%. On the other hand, the NAV of YTD returns of IVV has been higher by&nbsp;21.43%. 
Both Vanguard and BlackRock&#8217;s ETFs charge an annual fee of 3 basis points, attracting retail investors. The ETF market has seen substantial growth, with assets exceeding $10 trillion in the U.S., nearly doubling over four years, according to ETFGI.
Why It Matters: The rise of Vanguard&#8217;s VOO reflects a broader trend of investors gravitating towards lower-cost ETFs. In May, a significant shift among major ETFs, with<a href="https://www.benzinga.com/markets/equities/24/05/38738050/investors-flock-to-lower-cost-vanguard-s-p-500-etf-is-it-time-to-switch-from-spy-to-voo"> SPY experiencing outflows</a> while VOO attracted new investments. This trend indicates a growing preference for cost-effective investment options among investors.
Additionally, in September, Vanguard&#8217;s ETFs<a href="https://www.benzinga.com/top-stories/24/09/41033617/voo-vs-vti-vanguards-s-p-500-total-stock-market-etfs-hit-new-highs-as-s-p-500-reaches-record-level"> reached new highs</a> as the S&amp;P 500 Index hit record levels, further solidifying Vanguard&#8217;s position in the market.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41704760/bitcoin-ethereum-dogecoin-reverse-as-trumps-odds-fall-on-betting-markets-trader-says-bull-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Reverse As Trump&#8217;s Odds Fall On Betting Markets: Trader Says &#8216;Bull Run Will Begin&#8217; For This Crypto After The Election</a></li>
</ul>
Photo via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Markets

General

Vanguard Dethrones BlackRock As Second Largest ETF Manager: Here's How Their Funds With Exposure To S&P 500 Fared This Year

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock is trading lower Wednesday after Nvidia chief Jensen Huang acknowledged to Reuters that Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) assisted in resolving a design flaw in its latest Blackwell AI chips.
Nvidia discovered the glitch after showcasing the chips in March, which led to production delays, affecting hyperscalar customers like like Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
Huang took complete responsibility for the fault, which resulted in low yield.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41436282/nvidia-joins-big-tech-hyperscalers-at-hlth-conference-partners-with-microsoft-to-drive-ai-innova" rel="noreferrer noopener">Nvidia Joins Big Tech Hyperscalers At HLTH Conference, Partners With Microsoft To Drive AI Innovations</a>
Nvidia plans to ship the Blackwell chips in the fourth quarter after initially targeting the second quarter.
<a target="_blank" href="https://www.benzinga.com/news/24/10/41405124/whats-going-on-with-nvidia-stock-on-friday" rel="noreferrer noopener">Last week&#8217;s report</a> indicated that Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Amazon Web Services&#8217; data center plans were delayed due to a production issue with Nvidia&#8217;s Blackwell chips and will not be available before 2025.
Amazon inked a five-year partnership with AI and data startup Databricks to provide businesses with more affordable AI development tools. The collaboration leverages Amazon&#8217;s Trainium AI chips, a lower-cost alternative to Nvidia&#8217;s GPUs.
Meanwhile, Nvidia continued <a target="_blank" href="https://www.benzinga.com/government/24/10/41462536/nvidia-accelerates-global-growth-eyes-ai-chip-development-in-india-and-expansion-in-thailand" rel="noreferrer noopener">expanding its geographical footprint</a>, co-developing a custom AI chip with India and eye&nbsp;investments in Thailand.
Analysts remained upbeat on Nvidia&#8217;s prospects despite reports indicating a delay in Blackwell chip production.
Beth Kindig of&nbsp;I/O Fund&nbsp;expects&nbsp;Blackwell chips to be pivotal in helping Nvidia reach a <a target="_blank" href="https://www.benzinga.com/news/24/10/41405124/whats-going-on-with-nvidia-stock-on-friday" rel="noreferrer noopener">$10 trillion valuation</a> by 2025. KeyBanc&#8217;s John Vinh projects the chips to generate over $7 billion in revenues in the fourth quarter.
CNBC&#8217;s&nbsp;Jim Cramer <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41449264/nvidia-own-it-dont-trade-it-jim-cramer-questions-short-sellers-as-stock-hits-new-hi" rel="noreferrer noopener">and Wedbush&#8217;s Dan Ives remained upbeat on</a> the chip designer&#8217;s prospects.
Nvidia stock gained 224% in the last 12 months. Investors can gain exposure to the stock through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: NVDA stock is down 2.69% at $139.82 at the last check on Wednesday.
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</ul>
Image via Shutterstock

What's Going On With Nvidia Stock On Wednesday?

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;stock is firing on all cylinders thanks to the artificial intelligence wave. Beth Kindig of&nbsp;I/O Fund&nbsp;projects Nvidia to reach a&nbsp;$10 trillion <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41436282/nvidia-joins-big-tech-hyperscalers-at-hlth-conference-partners-with-microsoft-to-drive-ai-innova" rel="noreferrer noopener">valuation&nbsp;by 2025</a>.
The company continues expanding its geographical footprint, the latest being India and Thailand, which wish to develop their domestic semiconductor supply chains.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41434069/gitlab-sees-surge-in-ultimate-adoption-and-enterprise-demand-analyst-upgrades-stock" rel="noreferrer noopener">GitLab Sees Surge in &#8216;Ultimate&#8217; Adoption and Enterprise Demand, Analyst Upgrades Stock</a>
The U.S. chip designer has proposed collaborating with India to co-develop a custom AI chip, leveraging the country&#8217;s strong chip design talent.
The discussions began during a meeting between Nvidia chief Jensen Huang and Prime Minister Narendra Modi earlier this year.
FirstPost <a target="_blank" href="https://www.firstpost.com/tech/nvidia-plans-to-develop-india-specific-ai-chip-leverage-the-countrys-massive-chip-designing-base-13827892.html" rel="noreferrer noopener">reports</a> that the collaboration, which is still in the early stages, seeks to design a chip tailored to specific use cases in India.
Officials are assessing costs, benefits, and potential applications with sectors such as the Indian Railways&#8217; safety system, Kavach.
The custom AI chip could also support Indian startups, businesses, and public sector initiatives as part of the government&#8217;s AI mission.
Nvidia&#8217;s partnership with India could involve multiple players, with design partners like Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) or Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) handling core architecture.
At the same time, Indian entities such as the Centre for Development of Advanced Computing (C-DAC) would customize the final layers for local applications.
Huang sees India as a crucial partner in the AI sector, emphasizing the importance of adding value to domestic resources rather than exporting raw data.
Nvidia also eyes investments in Thailand taking a cue from 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>)&nbsp;&nbsp;Google and Microsoft Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) move as Southeast Asia becomes a hub for AI data centers and component manufacturing, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-10-22/nvidia-is-planning-to-invest-in-thailand-minister-pichai-says?srnd=phx-technology&amp;sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
Thailand&#8217;s Commerce Minister Pichai Naripthaphan confirmed the upcoming announcement during Huang&#8217;s visit to Bangkok in December. Pichai expects Nvidia&#8217;s involvement to attract further funding from related industries.
Thailand has recently attracted multibillion-dollar investments from tech giants like Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Google, and Microsoft for data centers and cloud infrastructure.
Nvidia stock is up over 233% in the last 12 months. Investors can gain exposure to the stock through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: NVDA stock is down 0.21% at $143.41 at last check Tuesday.
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</ul>
Photo via Shutterstock

Government

Emerging Markets

Nvidia Accelerates Global Growth, Eyes AI Chip Development in India and Expansion in Thailand

Top economist David Rosenberg, known for predicting the 2008 market crash and recession, is sounding the alarm about a <a href="https://www.benzinga.com/markets/equities/24/07/39743338/s-p-500-to-plunge-more-than-20-near-term-top-economist-breaks-down-broader-market-vs-small-cap-d">potential stock market crash</a>.
Mega-Bubble: In recent notes to Rosenberg Research clients, the market bear warned that the current market is in a &#8220;mega-bubble&#8221; and cautioned investors against chasing momentum.&nbsp;
&#8220;When this mega-bubble pops, it will be spectacular,&#8221; Rosenberg wrote on Oct. 18. &#8220;This is no time to chase momentum or the herd mentality.&#8221;
Warning Signs: Rosenberg cited high valuations, investor positioning and sentiment as warning signs. The most recent <a href="https://archive.ph/o/5xPqB/https://www.aaii.com/latest/article/239694-aaii-sentiment-survey-pessimism-spikes">AAII Sentiment Survey</a>, which tracks investor sentiment, shows 45.5% of its respondents characterized themselves as bullish, above its historical average of 37.5% for the 49th time in 50 weeks.&nbsp;&nbsp;
&#8220;This is the mother of all momentum-driven stock markets,&#8221; he wrote in an October 9 note.
Read Next: <a href="https://www.benzinga.com/news/24/10/41415824/lucid-ceo-peter-rawlinson-talks-saudi-investment-elon-musks-political-views-and-taking-business-from">Lucid CEO Peter Rawlinson Talks Saudi Investment, Elon Musk&#8217;s Political Views And Taking Business From Tesla</a>
Rosenberg warned the S&amp;P 500 is at least 25% higher than fundamentals suggest it should be with stock prices outpacing earnings growth and analyst EPS revisions trending to the downside.&nbsp;
The economist is bearish on the economy as well as the markets and anticipates a recession on the horizon. Rosenberg pointed to emerging signs of economic weakness, including a rise in unemployment and decreased job openings.&nbsp;
Rosenberg's warnings come at a time when the S&amp;P 500 has seen significant gains, up 23% year-to-date following gains of 22% in 2023. Investors can track the S&amp;P 500 through <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41407647/spy-reaches-600-billion-in-assets-oldest-us-etf-hits-milestone-as-all-time-highs-conti">funds that track</a> the index's movements, including the SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), known as the "Spy," and the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>). 
Rosenberg cautioned investors against chasing the "overvalued" market and advised clients to preserve capital.&nbsp;
&#8220;J.P. Morgan reportedly once commented that he got wealthy not by buying at the lows and selling at the highs, but rather by being involved in the middle 60% of the bull market. We are well past that point,&#8221;&nbsp; Rosenberg wrote.&nbsp;
Read Also:&nbsp;
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41406621/microsoft-ai-revenue-could-eclipse-10b-in-2025-piper-sandler-says">Microsoft AI Revenue &#8216;Could Eclipse&#8217; $10B In 2025, Bullish Analyst Says</a></li>
</ul>
Image: Shutterstock

Market 'Mega-Bubble' Set To Pop, Says Top Economist Who Called 2008 Crash

The first U.S.-based exchange-traded fund hit a major milestone on Thursday, following recent all-time highs for the <a href="https://www.benzinga.com/news/earnings/24/10/41293799/s-p-500-dow-jones-hit-new-record-highs-as-financial-stocks-soar-on-upbeat-earnings">fund tracking the S&amp;P 500.</a>
What Happened: Launched <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/01/36722143/happy-birthday-s-p-500-spy-etf-if-you-invested-1-000-in-spy-at-launch-heres-how-much-y">in January 1993,</a> the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) is the oldest U.S.-based ETF and the largest by assets under management.
The ETF reached the $600 billion assets under management milestone Thursday, according to data from <a href="https://etfdb.com/etf/SPY/#etf-ticker-profile">ETFDB</a>.
Managed by State Street Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>), the ETF was launched with seed funding of $6.5 million after being approved by the U.S. Securities and Exchange Commission in 1993, after several years of the fund's application.
Initial interest in the ETF was poor and the fund was almost closed before investors came around to the idea of using ETFs as investment vehicles.
The success of the SPY ETF led to other financial institutions launching similar ETFs that track the S&amp;P 500 Index, one of the largest and most well-known stock market indexes.
The&nbsp;iShares Core S&amp;P 500 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>)&nbsp;and&nbsp;Vanguard S&amp;P 500 Index Fund ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>)&nbsp;launched in 2000 and 2010, respectively.
Today, the three ETFs that track the S&amp;P 500 are the largest in the world, according to <a href="https://etfdb.com/compare/market-cap/" target="_blank" rel="noreferrer noopener">ETFDB, </a>with the following assets under management:
<ul>
<li>SPY: $600 billion</li>
<li>IVV: $544.5 billion</li>
<li>VOO: $544.1 billion</li>
</ul>
Based on the metrics above, SPY's time as the only ETF with $600 billion in assets under management may be short-lived, with the two other large S&amp;P 500 ETFs closely behind. Back in January when the SPY celebrated its 31st anniversary, the assets under management were:
<ul>
<li>SPY:&nbsp;$474 million</li>
<li>IVV: $405 million</li>
<li>VOO: $377 million</li>
</ul>
The difference from January to October shows the strong volume inflows the S&amp;P 500 ETFs are seeing.
Why It's Important: The S&amp;P 500 has set several all-time highs in recent months and the SPY is currently up 23.6% year-to-date in 2024. This year's gain builds on a strong 2023 when the S&amp;P 500 surged over 20%.
Over the last five years, the SPY has averaged a gain of 13.2%. Since its inception, the SPY has averaged an annual return of 10.4%.
One factor that might attract inflows to S&amp;P 500 ETFs in 2024 is that it is a presidential election year.
According to <a href="https://twitter.com/Barchart/status/1739792910667645204?s=20">Barchart</a>, the S&amp;P 500 has posted gains in 13 of the last <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/23/12/36416440/why-buy-stocks-in-a-presidential-election-year-history-has-a-crazy-stat-for-you">15 presidential election years</a>. The only two presidential election years in the previous 60-plus years that saw the S&amp;P 500 down were the global financial crisis and the dot-com bubble.
The average return of the S&amp;P 500 in the presidential election years is 10.5%. Stripping out the global financial crisis and the dot-com bubble, the S&amp;P 500 gained an average of 15.3%. The average gain in presidential election years is higher than the historical average since the SPY&#8217;s inception, with or without the financial crisis and the dot-com bubble stripped out.
Strong net inflows for the SPY ETF have helped State Street in recent months. According to a Morningstar <a href="https://www.etf.com/sites/default/files/2024-10/September_2024_US_Fund_Flows_Chartbook.pdf">report</a>, for the month of September, State Street led the way with $18.4 billion in net flows. The SPY ETF had net inflows of $16 billion in September. State Street topped Vanguard ($17.3 billion) and iShares ($9.9 billion) for September net inflows for ETF companies.
SPY Price Action: The SPY is trading at $584.08 at the time of writing, compared to a 52-week trading range of $409.22 to $586.12.
Read Next: 
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</ul>
Image created using artificial intelligence via Midjourney.

Broad U.S. Equity ETFs

SPY Reaches $600 Billion In Assets: Oldest US ETF Hits Milestone As All-Time Highs Continue

Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) postponed <a href="https://www.benzinga.com/trading-ideas/technicals/24/09/40989221/stock-of-the-day-why-qualcomm-stock-remains-stuck-in-a-range-as-speculation-of-intel-tak">its strategic offer</a> for Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) until after the November presidential election. Additionally, the Cybersecurity Association of China (CSAC) decided to probe Intel&#8217;s products sold in China, citing a national security threat weighing on the U.S. chipmaker&#8217;s stock price Wednesday.
Qualcomm gained time to enhance transparency in its leadership, a key factor in the ongoing antitrust regulations and geopolitical dynamics with China, according to sources <a href="https://www.bloomberg.com/news/articles/2024-10-15/qualcomm-said-to-wait-for-us-election-to-decide-intel-move?srnd=homepage-Americas&amp;sref=TBDibEcD">cited</a> by Bloomberg.
Also Read: <a href="https://www.benzinga.com/news/24/10/41337034/amazon-strikes-at-nvidias-stronghold-through-databricks-deal-cutting-ai-costs-by-40" target="_blank" rel="noreferrer noopener">Amazon Strikes at Nvidia&#8217;s Stronghold Through Databricks Deal, Cutting AI Costs by 40%</a>
Qualcomm agreed to defer its plans till the new U.S. president took charge in January.
Qualcomm and Intel&#8217;s combination will likely draw antitrust scrutiny, considering their influence in the digital framework supporting everyday life, including smartphones and electric vehicles. China is also a key market for both Qualcomm and Intel.
In September, Qualcomm made a preliminary approach to Intel on a possible takeover.
Benchmark analyst Cody Acree considered the Qualcomm-Intel deal unlikely, citing a <a href="https://www.benzinga.com/m-a/24/09/40983591/qualcomm-takeover-of-intel-is-logically-unlikely-in-face-of-regulatory-challenges-analyst-says" target="_blank" rel="noreferrer noopener">substantial financial burden</a> and regulatory scrutiny for Qualcomm.
Many such attempted deals, including Qualcomm-NXP Semiconductors NV and Nvidia Corp&#8211;Arm Holdings plc, succumbed to global regulatory opposition.
Meanwhile, CSAC&#8217;s scrutiny of Intel could prompt a security review from China&#8217;s cyberspace regulator, the Cyberspace Administration of China (CAC), Reuters reports. China&#8217;s move marks its retaliation against U.S. artificial intelligence technology sanctions that have restricted China&#8217;s access to sophisticated AI chips from companies like Nvidia, citing national security risks.
KeyBanc analyst John Vinh flagged Intel&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41235547/nvidia-amd-lead-the-pack-broadcom-stable-intel-falters-analysts-latest-take" target="_blank" rel="noreferrer noopener">server market share</a> loss to Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>). He also flagged the lack of a cheaper AI CPU targeted at mass-market AI PCs and the ramp of Nvidia&#8217;s Blackwell as further headwinds for Intel.
Intel stock plunged over 38% in the last 12 months as it failed to capitalize on the <a target="_blank" href="https://www.benzinga.com/m-a/24/09/41069587/whats-going-on-with-intel-stock-on-friday" rel="noreferrer noopener">shift to artificial intelligence</a>.
Conversely, Intel bagged a chipmaking deal from Amazon Web services. Intel is also a key contender for the Biden government&#8217;s chip subsidy, rendering the political support critical for Intel.
Investors can gain exposure to Intel through iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) and Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>).
Price Action: INTC stock is down 3.3% at $21.90 at last check Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/news/24/10/41319208/taiwan-semiconductor-eyes-23b-in-q3-revenue-as-ai-demand-soars" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Eyes $23B in Q3 Revenue as AI Demand Soars</a></li>
</ul>
Photo: Shutterstock

Regulations

QCOM

What's Going On With Intel Stock Wednesday?

A government-backed think tank in China has recommended that the country&#8217;s data centers continue using high-performance chips from Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), warning of the significant expenses involved in transitioning to domestic alternatives.
The report flagged the transition from Nvidia&#8217;s GPUs to domestic solutions as challenging due to differences in hardware and software that increase costs and complexity.
Nvidia, which has maintained that the U.S. semiconductor embargo has had no impact, is trading higher on Monday.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41227135/next-gen-nvidia-gpus-could-be-revealed-at-ces-2025-what-you-need-to-know" rel="noreferrer noopener">Next-Gen Nvidia GPUs Could Be Revealed at CES 2025 &#8211; What You Need to Know</a>
The China Academy of Information and Communications Technology (CAICT) noted that Nvidia&#8217;s A100 and H100 chips are still the preferred option for centers requiring substantial computing power, SCMP <a target="_blank" href="https://www.scmp.com/tech/tech-trends/article/3282279/chinese-think-tank-recommends-nvidia-chips-data-centres-warning-high-transfer-costs?module=perpetual_scroll_0&amp;pgtype=article" rel="noreferrer noopener">reports</a>.
The U.S. semiconductor sanctions prompted Nvidia to develop specially tailored A800, H800, and H20 chips. China is a <a target="_blank" href="https://www.benzinga.com/government/24/10/41204521/nvidias-gpu-sales-at-risk-as-china-pushes-local-ai-chips-in-retaliation" rel="noreferrer noopener">key semiconductor market</a> for Nvidia, and in 2024, 1 million H20 GPUs in China could generate $12 billion in sales.&nbsp;
China&#8217;s GPU-based computing power, especially for AI development, has been growing by 70% year-over-year. However, CAICT&#8217;s latest report said many data centers are underutilized due to mismatches between supply and demand and a lack of standardized hardware across different centers.
KeyBanc&nbsp;analyst John Vinh flagged Nvidia <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41235547/nvidia-amd-lead-the-pack-broadcom-stable-intel-falters-analysts-latest-take" rel="noreferrer noopener">as the favorite</a>, backed by Blackwell, which could potentially contribute over $7 billion in revenues in the fourth quarter. Strong Hopper demand could translate into ~15% sequential revenue growth in the fourth quarter, according to the analyst.
Nvidia chief Jensen Huang <a target="_blank" href="https://www.benzinga.com/news/24/10/41183612/nvidias-top-brass-unloaded-significant-stock-in-2024-amid-ai-spending-and-chip-delays" rel="noreferrer noopener">recently acknowledged tremendous</a> demand&nbsp;for Nvidia&#8217;s Blackwell&nbsp;GPU, whose production is going as planned.
Nvidia stock has gained over 200% in the last 12 months. Investors can gain exposure to the stock through the SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: NVDA stock is up 2.80% at $138.61 at the last check on Monday.
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</ul>
Image via Shutterstock

What's Going On With Nvidia Stock On Monday?

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

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

The U.S. exchange-traded fund (ETF) market has reached a monumental milestone, surpassing <a href="https://www.benzinga.com/quote/SPY/news">$10 trillion in assets</a>. 
This surge was fueled by a remarkable $691 billion in inflows this year alone, as <a href="https://www.bloomberg.com/news/articles/2024-09-27/wall-street-s-etf-assets-hit-10-trillion-milestone-amid-frenzy?srnd=phx-latest&amp;sref=TBDibEcD&amp;leadSource=uverify%20wall">reported</a> by Bloomberg. 
This impressive surge has set the stage for a record-breaking year, with ETF flows on track to shatter the previous record of $900 billion in inflows.
<h1 class="wp-block-heading">VOO, VGT Outshine SPY In Fund Flows</h1>
According to ETF.com <a href="https://www.etf.com/etfanalytics/etf-fund-flows-tool">data</a>, as of the end of Aug.2024, the market saw a robust performance, with a total of $71 billion pouring into ETFs during the month. Leading the charge were heavyweights such as the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) and the Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>), while the SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) experienced notable outflows.
As investors diversify their portfolios, it's clear that ETFs are becoming the go-to investment vehicle.
<h1 class="wp-block-heading">VOO, IVV, VTI Lead YTD Gains</h1>
Among the top gainers for the year were the S&amp;P 500 index-tracking Vanguard S&amp;P 500 ETF and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>). The Vanguard S&amp;P 500 ETF has made a significant mark, attracting over $60.5 billion in net flows and boasting an impressive $503 billion in assets under management (AUM). This translates to 12.04% of its AUM, a testament to the confidence investors have in the S&amp;P 500's performance.
Following closely is the iShares Core S&amp;P 500 ETF, raking in about $43.4 billion in net flows, while the Vanguard Total Stock Market Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>) pulled in a respectable $21 billion.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41096120/if-you-invested-1-000-in-bitcoin-when-donald-trump-said-he-wasnt-a-fan-heres-how-much-youd">If You Invested $1,000 In Bitcoin When Donald Trump Said He Wasn&#8217;t A Fan, Here&#8217;s How Much You&#8217;d Have Today</a>
<h1 class="wp-block-heading">Tech-Focused QQQ, Bitcoin ETF Not Far Behind</h1>
The tech sector hasn't been left behind either, with Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gathering nearly $20.9 billion this year, showcasing a vibrant interest in technology stocks.
The cryptocurrency space is also making waves, as seen in the remarkable inflows into iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>), which attracted around $20.9 billion, capturing an astonishing 98.63% of its AUM.
With these trends, it&#8217;s clear that ETFs continue to be a major player in the investment landscape, providing investors with diverse options and strategic exposure to various sectors. 
As the market evolves, one thing is certain: the ETF party is just getting started!
Read Next: 
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</ul>
Photo: Shutterstock

Long Ideas

IBIT

S&P 500 ETF Titans Drive $691B In 2024 Inflows: Nasdaq, Bitcoin ETFs Close Behind

Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Chair and Chief Satya Nadella reaffirmed the company&#8217;s commitment to Mexico during his keynote at the <a target="_blank" href="https://news.microsoft.com/es-xl/microsoft-announces-1-3-billion-usd-investment-in-cloud-and-ai-infrastructure-supporting-inclusive-growth-through-technology-and-skilling-programs-in-mexico/" rel="noreferrer noopener">Microsoft AI Tour 2024</a>.
Nadella announced a fresh investment of $1.3 billion over the next three years to drive AI infrastructure and initiatives aimed at digital marketing and AI skills. This initiative seeks to democratize access to AI skills and reach 5 million people.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41012804/salesforces-free-cash-flow-could-double-by-2029-amid-ai-push-analyst-says-while-upgrading-stock" rel="noreferrer noopener">Salesforce&#8217;s Free Cash Flow Could Double by 2029 Amid AI Push, Analyst Says While Upgrading Stock</a>
The investment will also work on improving connectivity and encouraging AI adoption by small and medium-sized businesses.
Recently, DA Davidson analyst Gil Luria <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40986921/microsofts-ai-lead-shrinks-analyst-downgrades-stock-as-amazon-and-google-close-the-" rel="noreferrer noopener">downgraded the rating</a> on&nbsp;Microsoft to Neutral from Buy as it lost its premium valuation to the AI competition.
Microsoft&#8217;s lead is now diminished in both the cloud and code generation businesses versus &nbsp;Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web Service, and&nbsp;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 Cloud.
The AI ambitions of hyperscalers, including Microsoft, Amazon, Alphabet, and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), have been instrumental in driving the AI frenzy, leading to higher demand for Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) AI chips.
Microsoft&nbsp;stock is up over 35% in the last 12 months. Investors can gain exposure to Microsoft through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: MSFT stock is trading higher by 0.08% to $429.52 premarket at the last check on Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/news/24/09/41008834/ansys-taiwan-semiconductor-microsoft-team-up-to-supercharge-next-gen-chip-simulations" target="_blank" rel="noreferrer noopener">ANSYS, Taiwan Semiconductor, Microsoft Team Up To Supercharge Next-Gen Chip Simulations</a></li>
</ul>
Photo courtesy: Shutterstock

Microsoft Invests $1.3B to Boost AI Skills and Infrastructure in Mexico

Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the Invesco Russell 1000 Equal Weight ETF (ARCA:EQAL) is a passively managed exchange traded fund launched on 12/23/2014.
The fund is sponsored by Invesco. It has amassed assets over $609.44 million, making it one of the average sized ETFs attempting to match the Large Cap Blend segment of the US equity market.
<h2>Why Large Cap Blend</h2>
Large cap companies usually have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies.
Blend ETFs are aptly named, since they tend to hold a mix of growth and value stocks, as well as show characteristics of both kinds of equities.
<h2>Costs</h2>
When considering an ETF&#39;s total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.20%, putting it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 1.67%.
<h2>Sector Exposure and Top Holdings</h2>
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund&#39;s holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Information Technology sector--about 12.20% of the portfolio. Financials and Real Estate round out the top three.
Looking at individual holdings, Charter Communications Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chtr#NASDAQ">CHTR</a>) accounts for about 0.69% of total assets, followed by Liberty Broadband Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lbrdk#NASDAQ">LBRDK</a>) and Ubiquiti Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ui#NYSE">UI</a>).
The top 10 holdings account for about 6.03% of total assets under management.
<h2>Performance and Risk</h2>
EQAL seeks to match the performance of the Russell 1000 Equal Weight Index before fees and expenses. The Russell 1000 Equal Weight Index is composed of securities in the Russell 1000 Index and is equally weighted across nine sector groups with each security within the sector receiving equal weight.
The ETF has added about 9.20% so far this year and it&#39;s up approximately 16.71% in the last one year (as of 09/17/2024). In the past 52-week period, it has traded between $37.43 and $47.80.
The ETF has a beta of 1.10 and standard deviation of 18.24% for the trailing three-year period, making it a medium risk choice in the space. With about 997 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
Invesco Russell 1000 Equal Weight ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, EQAL is a reasonable option for those seeking exposure to the Style Box - Large Cap Blend area of the market. Investors might also want to consider some other ETF options in the space.
The iShares Core S&amp;P 500 ETF (ARCA:IVV) and the SPDR S&amp;P 500 ETF track a similar index. While iShares Core S&amp;P 500 ETF has $521.05 billion in assets, SPDR S&amp;P 500 ETF has $555.26 billion. IVV has an expense ratio of 0.03% and SPY charges 0.09%.
<h2>Bottom-Line</h2>
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
<a href="https://www.zacks.com/stock/news/2336917/should-invesco-russell-1000-equal-weight-etf-eqal-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2336917">To read this article on Zacks.com click here.</a>

Large Cap

Mid Cap

Dividends

CHTR

EQAL

LBRDK

Should Invesco Russell 1000 Equal Weight ETF Be on Your Investing Radar?

Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;rally disproportionately influences the S&amp;P 500 index, reflecting concerns over the domino effect due to the integrated semiconductor ecosystem.
Nvidia accounted for 25% of the S&amp;P 500&#8217;s 17% gain in 2024, Reuters reports.
The chip designer has risen by 166% in the last 12 months as Big Techs, including Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Google parent 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>), splurge on their artificial intelligence ambitions.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16120007/newplot-12.png" alt="" class="wp-image-550044" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16120007/newplot-12.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16120007/newplot-12-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40820316/amd-gains-ground-in-ai-chip-market-oracle-exec-confirms-growing-demand-report" rel="noreferrer noopener">AMD Gains Ground in AI Chip Market, Oracle Exec Confirms Growing Demand: Report</a>
The rising valuation of NvidiaNVIDIA in 2024 has helped boost the wealth of Jensen Huang, the co-founder and CEO of the company that was once created inside <a target="_blank" href="https://www.benzinga.com/general/social-media/24/03/37879478/humble-beginnings-like-nvidia-reddit-was-founded-inside-a-restaurant" rel="noreferrer noopener">a Denny&#8217;s restaurant.</a>
Huang has a wealth of $90.5 billion, ranking 18th according to <a target="_blank" href="https://www.bloomberg.com/billionaires/" rel="noreferrer noopener">Bloomberg</a>. While Huang hasn&#8217;t cracked the top 10 list yet and would currently need to hit a wealth of $130 billion, the Nvidia co-founder is one of the fastest risers among the world&#8217;s richest people. Huang&#8217;s wealth is up $46.4 billion year-to-date in 2024.
That figure is more than the combined $41.83 billion gained by Elon Musk, Jeff Bezos and Bill Gates. Musk, Bezos and Gates currently rank first, second and fifth, respectively, with their current wealth and year-to-date gains.
<ul>
<li>Elon Musk: $237 billion, +$7.73 billion year-to-date</li>
<li>Jeff Bezos: $195 billion, +$17.9 billion year-to-date</li>
<li>Bill Gates: $157 billion, +$16.2 billion year-to-date</li>
</ul>
The gain by Huang is one of the largest year-to-date gains, trailing only Meta Platforms CEO Mark Zuckerberg, who is up $49.9 billion and listed fourth at $178 billion.
It&#8217;s not just personal wealth &#8211; due to the AI frenzy, Huang expects hyper-scale customers to produce <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40837620/nvidia-ceo-jensen-huang-eases-investor-concerns-on-ai-demand-blackwell-timeline-and" rel="noreferrer noopener">$5 in rental revenue</a> for every $1 spent on Nvidia&#8217;s infrastructure. He also reiterated that Blackwell-based products will ship in the fourth fiscal quarter.
This indicates that Nvidia stock losing value would impact the S&amp;P500 and Huang&#8217;s wealth. However, Huang had snubbed <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/09/40820349/nvidia-ceo-jensen-huang-admits-its-tense-as-surging-demand-for-blackwell-chips-sparks-customer-fru" rel="noreferrer noopener">geopolitical tensions surrounding</a> supplier&nbsp;Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), voicing the possibility of switching suppliers.&nbsp;
Microsoft, Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Nvidia have a combined weighting of 20% in the S&amp;P 500. Microsoft gained 31%, and Apple has risen 22% in the last 12 months as they remain invested in their AI goals.
Investors can gain exposure to Nvidia and the S&amp;P 500 through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: NVDA stock closed lower by 1.95% to $116.78 on Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40790997/taiwan-semiconductors-strong-august-sales-hint-at-big-gains-ahead-ai-and-iphone-demand-fuel-optimism" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor&#8217;s Strong August Sales Hint at Big Gains Ahead, AI and iPhone Demand Fuel Optimism</a></li>
</ul>
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