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Micron Technology

Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.

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AVGO

MRVL

Descubre qué gigante de los semiconductores está ganando en la batalla tecnológica: Broadcom, Micron o Marvell. Análisis de tendencias clave.

Guerra de semiconductores: Broadcom (AVGO) Vs. Micron (MU) Vs. Marvell (MRVL)

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Nvidia y otros chips caen antes de la apertura del martes, influenciados por la aversión al riesgo y tensiones geopolíticas.

Nvidia y TSMC lideran la caída de las acciones de chips: ¿Qué está sucediendo?

Nvidia presenta sólidos resultados en el 2T, pero sus acciones caen. Descubre por qué esto podría ser una oportunidad para Micron.

¿Qué está pasando con las acciones de Micron (MU) el jueves?

Micron Technology Inc

Blackrock MuniAssets Fund, Inc Common Stock

Blackrock Muniassets Fund Inc

iShares National Muni Bond ETF

Blackrock MuniHoldings California Quality Fund, Inc. Common Stock

BlackRock MuniHoldings California Quality Fund Inc

Direxion Daily MU Bear 1X Shares

Blackrock MuniHoldings Quality Fund II, Inc. Common Stock

BlackRock MuniHoldings Quality Fund II Inc

Paul Mueller Co

Mitsubishi UFJ Financial Group, Inc. Common Stock

Mitsubishi UFJ Financial Group Inc

Vanguard Green Investment Ltd Ordinary Shares

MARUHACHI HLDGS CO LTD by MARUHACHI HOLDINGS CO LTD.

Maruhachi Holdings Co Ltd

BlackRock Municipal Income Fund, Inc. Common Stock

BlackRock Municipal Income Fund Inc

Blackrock MuniHoldings New Jersey Quality Fund, Inc. Common Stock

BlackRock MuniHoldings New Jersey Quality Fund Inc

MARUWA UNYU KIKAN CO by MARUWA UNYU KIKAN CO LTD.

AZ-COM Maruwa Holdings Inc

MULIANG VIAGOO TECH by Muliang Viagoo Technology Inc.

Muliang Viagoo Technology Inc

GraniteShares 2x Long MU Daily ETF

Mullen Automotive Inc

Multichain - United States dollar

MITON UK MICROCAP TR PLC by MITON UK MICROCAP TR PLC

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

MUNDORO CAPITAL INC by Mundoro Capital, Inc.

Mundoro Capital Inc

M UP INC by M Up INC.

Murphy Oil Corp

Mural Oncology PLC

LIGHTSPEED DISCOVERIS INC by LIGHTSPEED DISCOVERIES INC.

Lightspeed Discoveries Inc

MUENCHENER RUEKVR GES SHS by Muenchener Rueckver Ges

Munchener Ruckversicherungs-Gesellschaft AG

MUENCHENER RE GP UNSP/ADR by Muenchener Rueckver Ges

MURCHISON MINERALS LTD by Murchison Minerals Ltd.

Murchison Minerals Ltd

MURRAY & ROB HLDGS ORD by Murray & Roberts Holdings Ltd.

Murray And Roberts Holdings Ltd

MURRAY INTL TR PLC by Murray International Trust Plc

Murphy USA Inc

mStable USD - United States dollar

TCW Multisector Credit Income ETF

Muse Dao - United States dollar

American Century Multisector Income ETF

Promino Nutritional Sciences Inc Ordinary Shares

PROMINO NTRITIONL SCIENCE by Promino Nutritional Sciences Inc.

Promino Nutritional Sciences Inc

MUSQ Global Music Industry Index ETF

MULTI SOLUTIONS II INC by Multi Solutions II Inc

Multi Solutions II Inc

Columbia Multi-Sector Municipal Income ETF

MUTUAL MERCHANT SVCS INC by Mutual Merchant Services, Inc.

MUTARES SE & CO by MUTARES SE & CO.

Direxion Daily MU Bull 2X Shares

MARUBUN CORP by Marubun Corp.

McEwen Mining Inc

MUZHU MNG LTD by MUZHU MNG LTD

Mirrored United States Oil Fund

WIIM

Micron shares are trading higher ahead of Wednesday's earnings report.

Tech stocks extended their rally to new heights on Monday, with the Nasdaq 100 index climbing over 1% to surpass 22,000 points, fueled by robust gains among key <a href="https://www.benzinga.com/tech">components in the index.</a>
Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) led the charge, soaring over 8% after receiving bullish price-target updates from analysts. The company's AI-driven growth potential gained further traction on Friday following its announcement of a collaboration with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to produce a cutting-edge AI chip.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) also rallied, jumping more than 5%, pushing its post-election gains to 85%, buoyed by positive analyst sentiment. Wedbush Securities described Tesla as a &#8220;game-changer&#8221; in AI and autonomous advancements under Trump's administration, adding to the bullish outlook.
Among other indices, the Russell 2000 rose 1%, while the S&amp;P 500 edged up 0.4%. The Dow Jones Industrial Average, however, dipped 0.2%, weighed down by losses in the energy and healthcare sectors.
On the economic front, private-sector surveys showed a stronger-than-expected rebound in December activity. The services sector Purchasing Managers&#8217; Index (PMI) surged to 58.5, the highest reading since October 2021. Meanwhile, the Composite PMI climbed to 56.6, its best level since April 2022, as robust growth in services offset continued weakness in manufacturing.
Crypto-related assets gained fresh bullish momentum, driven by speculation about the U.S. government creating a Bitcoin Strategic Reserve fund. Meanwhile, MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) will be added to the Nasdaq 100 Index on Dec. 23, further boosting sentiment.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reached $107,000, marking a year-to-date gain of 153%. MicroStrategy shares rose 5.8%, while other crypto-linked stocks, such as MARA Digital Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), and Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), surged 11.1%, 9.2%, and 4.5%, respectively.
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>22,043.82</td>
<td>1.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,369.39</td>
<td>1.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,076.94</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,750.42</td>
<td>-0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:15 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121624&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.5% to $607.34.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;eased 0.2% to $438.86.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 1.4% to $537.94.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1% to $235.13.</li>
<li>The&nbsp;Consumer Discretionary Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up by 1.2%; the&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 1.8%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) rose 7.1%, reflecting bullish investor sentiment ahead of its earnings report on Wednesday after the close.</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) rose by 4.7%, building up momentum after last week&#8217;s 8.7% surge following the announcement of the quantum computer launch. </li>
<li>Shares of of natural gas companies fell amid prospects for less colder weather in the upcoming weeks. New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) led industry declines, down 7%. </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42514008/fed-poised-to-cut-interest-rates-by-0-25-this-week-heres-why-your-focus-should-shift-to-other-signals">Fed Poised To Cut Interest Rates By 0.25% This Week: Here&#8217;s Why Your Focus Should Shift To Other Signals</a></li>
</ul>
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Broadcom, Tesla Propel Nasdaq 100 Gains, Bitcoin Hits $107,000, Fuels Crypto Stocks Rally: What's Driving Markets Monday?

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. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$250.00</td>
<td>$34.9K</td>
<td>9.3K</td>
<td>42.7K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$252.50</td>
<td>$100.8K</td>
<td>23.2K</td>
<td>32.0K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$110.00</td>
<td>$78.0K</td>
<td>29.6K</td>
<td>17.9K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$75.00</td>
<td>$59.6K</td>
<td>8.8K</td>
<td>17.0K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$35.00</td>
<td>$25.0K</td>
<td>16.3K</td>
<td>14.6K</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$13.50</td>
<td>$52.4K</td>
<td>6.1K</td>
<td>11.0K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$210.00</td>
<td>$33.0K</td>
<td>9.5K</td>
<td>10.8K</td>
</tr>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$140.00</td>
<td>$56.7K</td>
<td>92.3K</td>
<td>10.3K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$23.00</td>
<td>$73.5K</td>
<td>13.0K</td>
<td>4.8K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$400.00</td>
<td>$35.6K</td>
<td>7.4K</td>
<td>4.5K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option trade that happens to be bearish, expiring in 4 day(s) on December 20, 2024. This event was a transfer of 96 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $34.9K, with a price of $364.0 per contract. There were 9313 open contracts at this strike prior to today, and today 42702 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 December 20, 2024. Parties traded 877 contract(s) at a $252.50 strike. The total cost received by the writing party (or parties) was $100.8K, with a price of $115.0 per contract. There were 23228 open contracts at this strike prior to today, and today 32013 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on December 20, 2024. This event was a transfer of 120 contract(s) at a $110.00 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 $78.0K, with a price of $650.0 per contract. There were 29603 open contracts at this strike prior to today, and today 17987 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option trade that happens to be bearish, expiring in 11 day(s) on December 27, 2024. This event was a transfer of 225 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $59.6K, with a price of $265.0 per contract. There were 8872 open contracts at this strike prior to today, and today 17077 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on December 20, 2024. Parties traded 200 contract(s) at a $35.00 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 $25.0K, with a price of $125.0 per contract. There were 16336 open contracts at this strike prior to today, and today 14653 contract(s) were bought and sold. 
• Regarding RIOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on December 20, 2024. Parties traded 509 contract(s) at a $13.50 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 $52.4K, with a price of $103.0 per contract. There were 6129 open contracts at this strike prior to today, and today 11053 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on December 20, 2024. Parties traded 200 contract(s) at a $210.00 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 $33.0K, with a price of $165.0 per contract. There were 9557 open contracts at this strike prior to today, and today 10831 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 4 day(s) on December 20, 2024. Parties traded 61 contract(s) at a $140.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $56.7K, with a price of $930.0 per contract. There were 92341 open contracts at this strike prior to today, and today 10306 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 bearish sentiment. It expires in 95 day(s) on March 21, 2025. Parties traded 487 contract(s) at a $23.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $73.5K, with a price of $151.0 per contract. There were 13032 open contracts at this strike prior to today, and today 4855 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be neutral, expiring in 4 day(s) on December 20, 2024. This event was a transfer of 9 contract(s) at a $400.00 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 $35.6K, with a price of $3960.0 per contract. There were 7444 open contracts at this strike prior to today, and today 4534 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.

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PLTR

SMCI

10 Information Technology Stocks Whale Activity In Today's Session

U.S. stocks were mostly higher, with the Nasdaq Composite gaining around 1% on Monday.
Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose sharply during Monday's session after Wedbush maintained an Outperform rating on the stock and raised its price target <a href="https://www.benzinga.com/markets/equities/24/12/42505310/tesla-prepares-for-holiday-rush-tapping-into-global-supercharger-demand-to-drive-revenue-growth">from $400 to $515</a>.
Tesla shares gained 5% to $458.08 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Akso Health Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AHG#NASDAQ">AHG</a>) shares gained 59.6% to $1.5000.</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) shares jumped 42.4% to $9.49.</li>
<li>Sangamo Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) climbed 31.8% to $2.6950.</li>
<li>Viridian Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRDN#NASDAQ">VRDN</a>) gained 31.8% to $23.53 after the company announced Phase 3 results for its thyroid eye disease treatment trial.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) rose 25.5% to $8.99.</li>
<li>Edgewise Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWTX#NASDAQ">EWTX</a>) gained 24.7% to $34.45 after the company reported topline results from its Phase 2 CANYON trial of Sevasemten in individuals with Becker muscular dystrophy, with the trial meeting its primary endpoint.</li>
<li>Aehr Test Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) rose 24.2% to $14.32 after the company announced it secured a $10 million order for AI semiconductor testing.</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) climbed 19.8% to $25.08. Shares of Bitcoin miners and crypto-linked stocks traded higher after Bitcoin reached an all-time high.</li>
<li>Cipher Mining Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>) gained 18.4% to $7.26. Shares of Bitcoin miners and crypto-linked stocks traded higher after Bitcoin reached an all-time high.</li>
<li>TeraWulf Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>) rose 15.5% to $8.14. Shares of Bitcoin miners and crypto-linked stocks traded higher after Bitcoin reached an all-time high.</li>
<li>Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) gained 13.4% to $30.99. Shares of Bitcoin miners and crypto-linked stocks traded higher after Bitcoin reached an all-time high.</li>
<li>MARA Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) gained 10.5% to $25.11. Shares of Bitcoin miners and crypto-linked stocks traded higher after Bitcoin reached an all-time high.</li>
<li>Asana, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NASDAQ">ASAN</a>) gained 9.5% to $26.45.</li>
<li>Agios Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGIO#NASDAQ">AGIO</a>) surged 9.1% to $42.54.</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) surged 7.6% to $242.06 on continued momentum from last week after the company reported earnings for the fourth-quarter.</li>
<li>Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) gained 7% to $109.62.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42507587/tesla-to-rally-around-18-here-are-10-top-analyst-forecasts-for-monday">Tesla To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Monday</a></li>
</ul>

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Tesla, Micron, Broadcom, MARA Holdings And Other Big Stocks Moving Higher On Monday

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QCOM

RMBS

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

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

ACHR

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

China launched an&nbsp;antitrust investigation&nbsp;into&nbsp;Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) regarding its acquisition of Israeli networking company&nbsp;Mellanox Technologies, approved in 2020, and its <a target="_blank" href="https://www.benzinga.com/news/legal/24/12/42404352/nvidia-china-antitrust-probe-may-remain-unsolved-in-near-term-says-top-analyst-investors-should-be-prepared-for-increased-scrutiny" rel="noreferrer noopener">potential violations of China&#8217;s anti-monopoly laws</a>.
European regulators have launched an investigation into a clandestine advertising arrangement between&nbsp;Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google and&nbsp;Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) that reportedly circumvented Google's <a target="_blank" href="https://www.benzinga.com/news/24/12/42407768/google-meta-under-fire-eu-watchdog-reportedly-probes-alleged-secret-ad-deal-targeting-teen-users" rel="noreferrer noopener">own advertising policies for minors</a>.
The White House&nbsp;announced that&nbsp;Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)&nbsp;has received a substantial investment of over $6.1 billion. The investment will support the construction of advanced memory chip facilities in <a target="_blank" href="https://www.benzinga.com/news/24/12/42410722/micron-technology-stock-jumps-in-pre-market-after-securing-6-1b-investment-for-us-chip-manufacturing" rel="noreferrer noopener">Clay, New York, and Boise, Idaho</a>.&nbsp;
Gaming, Technology &amp; Semiconductors
CD Projekt ADR&nbsp;has confirmed that Cyberpunk 2077 will receive a significant new update on Dec. 10, 2024, coinciding with <a target="_blank" href="https://www.benzinga.com/general/gaming/24/12/42398384/surprise-cyberpunk-2077-update-announced-the-team-still-has-some-gas-in-the-tank" rel="noreferrer noopener">the game&#8217;s four-year&nbsp;anniversary</a>.
Read: <a target="_blank" href="https://www.benzinga.com/general/gaming/24/12/42398194/still-no-gta-6-news-fans-take-matters-into-their-own-hands" rel="noreferrer noopener">Still No GTA 6 News? Fans Take Matters Into Their Own Hands</a>
TikTok-parent&nbsp;ByteDance&nbsp;has reportedly become the largest buyer of&nbsp;Nvidia chips in Asia, outpacing rivals like&nbsp;Alibaba Group Holding Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) <a target="_blank" href="https://www.benzinga.com/media/24/12/42382237/tiktok-parent-bytedance-now-nvidias-largest-asian-chip-customer-races-ahead-of-alibaba-and-baidu-to-dominate-chinas-generative-ai-market-report" rel="noreferrer noopener">and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/media/24/12/42382237/tiktok-parent-bytedance-now-nvidias-largest-asian-chip-customer-races-ahead-of-alibaba-and-baidu-to-dominate-chinas-generative-ai-market-report" rel="noreferrer noopener">Baidu Inc</a><a target="_blank" href="https://www.benzinga.com/media/24/12/42382237/tiktok-parent-bytedance-now-nvidias-largest-asian-chip-customer-races-ahead-of-alibaba-and-baidu-to-dominate-chinas-generative-ai-market-report" rel="noreferrer noopener">. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>)</a>.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has officially rolled out&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Watch app, allowing users to transform their watch <a target="_blank" href="https://www.benzinga.com/tech/24/12/42383967/how-to-use-apple-watch-as-a-digital-key-for-your-tesla-car" rel="noreferrer noopener">into a digital key for their vehicle</a>.
Google&nbsp;has reportedly requested the U.S.&nbsp;Federal Trade Commission&nbsp;to dismantle&nbsp;Microsoft Corporation's&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) exclusive agreement to host&nbsp;OpenAI's&nbsp;<a target="_blank" href="https://www.benzinga.com/24/12/42428505/google-asks-ftc-to-kill-microsofts-monopoly-over-hosting-openai-technology-on-its-cloud-servers-report" rel="noreferrer noopener">technology on its cloud servers</a>.
Read: <a target="_blank" href="https://www.benzinga.com/media/24/12/42407739/trump-announces-plans-to-have-dinner-with-amazon-founder-jeff-bezos-as-billionaire-rivals-turn-unexpected-allies-after-years-of-clashes" rel="noreferrer noopener">Trump Announces Plans To Have Dinner With Amazon Founder Jeff Bezos As Billionaire Rivals Turn Unexpected Allies After Years Of Clashes</a>
As the&nbsp;race to introduce&nbsp;artificial intelligence features rages on,&nbsp;Alphabet unveiled a new prototype on Wednesday that <a target="_blank" href="https://www.benzinga.com/24/12/42446686/google-introduces-ai-agent-prototype-that-can-browse-the-web" rel="noreferrer noopener">could reshape the AI marketplace</a>.
Smartphones
Apple is facing a $1.2 billion lawsuit filed on Saturday in U.S. District Court in Northern California for discontinuing its child <a target="_blank" href="https://www.benzinga.com/24/12/42381987/apple-faces-12b-lawsuit-for-dropping-csam-detection-while-google-and-meta-set-higher-standards-for-child-safety" rel="noreferrer noopener">sexual&nbsp;abuse material detection feature</a>.
Apple announced expansion plans in Saudi Arabia, marking a significant step in its Middle East growth strategy. The tech giant will launch its first Arabic-language online store in the summer of 2025, followed by multiple <a target="_blank" href="https://www.benzinga.com/news/global/24/12/42383949/apple-expands-retail-footprint-in-saudi-arabia-with-online-store-launch-plans-multiple-flagship-locations" rel="noreferrer noopener">flagship retail locations starting in 2026</a>.
Read:<a target="_blank" href="https://www.benzinga.com/24/12/42384578/iphone-charging-cables-arent-all-safe-how-hackers-turn-them-into-tools-of-espionage" rel="noreferrer noopener"> Not All iPhone Charging Cables Are Safe: Here&#8217;s How Hackers Turned Them Into Tools Of Espionage</a>
Apple is reportedly set to introduce satellite texting and a non-invasive blood pressure <a target="_blank" href="https://www.benzinga.com/24/12/42430306/apples-watch-ultra-next-year-could-come-with-satellite-texting-and-non-invasive-blood-pressure-technology-heres-what-we-know" rel="noreferrer noopener">tool in its upcoming&nbsp;</a><a target="_blank" href="https://www.benzinga.com/24/12/42430306/apples-watch-ultra-next-year-could-come-with-satellite-texting-and-non-invasive-blood-pressure-technology-heres-what-we-know" rel="noreferrer noopener">Watch Ultra</a>.
Apple announced the release of&nbsp;iOS 18.2, iPadOS 18.2&nbsp;and&nbsp;macOS Sequoia 15.2&nbsp;on Wednesday morning, continuing&nbsp;its slow rollout of its&nbsp;AI-<a target="_blank" href="https://www.benzinga.com/tech/24/12/42443584/apple-strengthens-genai-with-ios-182-genmoji-image-playground-come-to-iphone" rel="noreferrer noopener">powered&nbsp;</a><a target="_blank" href="https://www.benzinga.com/tech/24/12/42443584/apple-strengthens-genai-with-ios-182-genmoji-image-playground-come-to-iphone" rel="noreferrer noopener">Apple Intelligence</a><a target="_blank" href="https://www.benzinga.com/tech/24/12/42443584/apple-strengthens-genai-with-ios-182-genmoji-image-playground-come-to-iphone" rel="noreferrer noopener">&nbsp;to devices</a>.
Artificial Intelligence (AI)
Elon Musk&nbsp;has raised concerns about&nbsp;OpenAI's&nbsp;potential decision to remove a clause that limits&nbsp;Microsoft Corporation&nbsp;from accessing its most advanced AI models upon <a target="_blank" href="https://www.benzinga.com/24/12/42382569/elon-musk-asks-was-it-ever-not-a-lie-as-he-accuses-openai-of-selling-out-to-microsoft-and-betraying-its-founding-mission" rel="noreferrer noopener">achieving artificial general intelligence</a>.
OpenAI CEO&nbsp;Sam Altman unveiled what he calls an "early" but transformative step in AI video technology. The new tool, likened to "GPT-1 for video," promises an accessible co-creation experience and is already <a target="_blank" href="https://www.benzinga.com/24/12/42398825/sam-altman-calls-openais-new-video-generator-so-compelling" rel="noreferrer noopener">sparking excitement&nbsp;among early adopters</a>.
OpenAI&nbsp;CFO&nbsp;Sarah Friar&nbsp;has characterized President-elect&nbsp;Donald Trump&nbsp;as the "president of this AI generation," while <a target="_blank" href="https://www.benzinga.com/media/24/12/42428849/openai-cfo-sarah-friar-calls-trump-the-president-of-this-ai-generation-downplays-elon-musk-concerns-we-trust-him-as-a-competitor" rel="noreferrer noopener">downplaying public threats from&nbsp;</a><a target="_blank" href="https://www.benzinga.com/media/24/12/42428849/openai-cfo-sarah-friar-calls-trump-the-president-of-this-ai-generation-downplays-elon-musk-concerns-we-trust-him-as-a-competitor" rel="noreferrer noopener">Elon Musk</a>.

BABA

BIDU

GOOG

MSFT

Micron Gets Investment From White House, China Launches Antitrust Investigation On Nvidia, Apple Faces $1.2 Billion Lawsuit In California & More: Consumer Tech News (December 9-13)

Micron shares are trading higher. Stifel reiterated its Buy rating on the stock and maintained its price target at $135.

In the current session, the stock is trading at $101.07, after a 2.88% spike. Over the past month, Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) stock increased by 4.94%, and in the past year, by 23.96%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1734111046_0.png" alt="Past Year Chart" />

<h3>Evaluating Micron Technology P/E in Comparison to Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Micron Technology has a better P/E ratio of 140.34 than the aggregate P/E ratio of 58.63 of the Semiconductors &amp; Semiconductor Equipment industry. Ideally, one might believe that Micron Technology Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1734111046_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

A Look Into Micron Technology Inc's Price Over Earnings

Stifel analyst Brian Chin reiterates Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) with a Buy and maintains $135 price target.

Price Target

Reiteration

Analyst Ratings

Stifel Reiterates Buy on Micron Technology, Maintains $135 Price Target

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

PowerShares Exchange-Traded Fund Trust Dynamic Semiconductor Portfolio

SOXQ

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

Investors with a lot of money to spend have taken a bullish stance on Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
And retail traders should know.
We noticed this today when the positions 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 MU, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Micron Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 30%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $92,000, and 9, calls, for a total amount of $375,057.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $120.0 for Micron Technology over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Micron Technology's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Micron Technology's significant trades, within a strike price range of $60.0 to $120.0, over the past month.
<h3>Micron Technology Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733928462_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 align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$9.3</td>
<td>$9.1</td>
<td>$9.2</td>
<td>$100.00</td>
<td>$91.9K</td>
<td>5.1K</td>
<td align="right">0</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$7.35</td>
<td>$7.25</td>
<td>$7.28</td>
<td>$110.00</td>
<td>$72.8K</td>
<td>10.0K</td>
<td align="right">100</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$13.75</td>
<td>$11.35</td>
<td>$12.2</td>
<td>$89.00</td>
<td>$61.0K</td>
<td>16</td>
<td align="right">50</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.15</td>
<td>$5.05</td>
<td>$5.15</td>
<td>$105.00</td>
<td>$51.3K</td>
<td>12.3K</td>
<td align="right">293</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$42.3</td>
<td>$38.25</td>
<td>$40.01</td>
<td>$60.00</td>
<td>$40.0K</td>
<td>24</td>
<td align="right">0</td>
</tr>
</tbody>
</table>

<h3>About Micron Technology</h3>
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
After a thorough review of the options trading surrounding Micron Technology, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Micron Technology's Current Market Status</h3>
<ul>
<li>With a volume of 762,035, the price of MU is up 0.34% at $98.43. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 7 days.</li>
</ul>
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Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Micron Technology with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Micron Technology Unusual Options Activity For December 11

Rambus Extends Its Patent License Agreement With Micron For Another Five Years

Micron shares are trading higher after the White House announced the Commerce Department made a $6.1 billion investment in the company for memory chip facilities in Clay, NY, and Boise, ID.

The White House announced on Tuesday that Nvidia, AMD rival Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) has received a substantial investment of over $6.1 billion. Following this, the stock jumped by 2.47% during pre-market hours.
What Happened:&nbsp;The investment will support the construction of advanced memory chip facilities in Clay, New York, and Boise, Idaho.&nbsp;Vice President Kamala Harris&nbsp;stated that this initiative is expected to create&nbsp;at least 20,000 jobs by&nbsp;the decade&#8217;s end.
The Department of Commerce has also agreed to preliminary terms&nbsp;for an additional $275 million&nbsp;investment to expand Micron&#8217;s facility in Manassas, Virginia. This expansion will support critical technologies vital to the defense, automotive, and national security sectors.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/12/42378342/intel-stock-is-where-it-was-27-years-ago-how-the-worlds-leading-chipmaker-lost-the-plot-thrice?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Intel Stock Is Where It Was 27 Years Ago: How The World&#8217;s Leading Chipmaker Lost The Plot, Thrice</a>
The administration&#8217;s efforts, according to&nbsp;Harris, aim to increase the U.S.&nbsp;share of advanced memory manufacturing&nbsp;from nearly zero&nbsp;to 10% over the next&nbsp;decade. The initiative is part of a broader strategy to strengthen the U.S. supply chain and bolster national and economic security.
Why It Matters: The investment in&nbsp;Micron Technology&nbsp;comes amid a challenging landscape for U.S. chipmakers. Recently,&nbsp;Micron paused its application for <a href="https://www.benzinga.com/government/regulations/24/12/42344223/struggling-chipmaker-microchip-hits-pause-on-biden-semiconductor-subsidy">U.S. semiconductor grants</a>. This decision was revealed by CEO Steve Sanghi at a UBS conference, highlighting the hurdles faced by companies in securing financial support under the CHIPS Act. Microchip Technology was a potential recipient of $162 million in grants but has seen its stock fall by 29% year-to-date, contributing to the decline in the Philadelphia Stock Exchange Semiconductor Index.
Meanwhile, as per Benzinga Pro<a href="https://www.benzinga.com/quote/MU/analyst-ratings"> data</a>, Micron has a consensus price target of&nbsp;$145&nbsp;based on the latest ratings of Keybanc, Cantor Fitzgerald, and Baird.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/MU/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10074135/Screenshot-2024-12-10-at-6.11.13%E2%80%AFPM-1024x384.png" alt="" class="wp-image-685076" /></a></figure>
Meanwhile, in the premarket session, other chipmakers such as Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), ASML (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), and Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) were either in the red or trading marginally higher.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Micron Technology Stock Jumps In Pre-Market After Securing $6.1B Investment For US Chip Manufacturing

<a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/12/10/statement-from-vice-president-kamala-harris-on-chips-and-science-act-investments-in-micron-technology/" title="https://www.whitehouse.gov/briefing-room/statements-releases/2024/12/10/statement-from-vice-president-kamala-harris-on-chips-and-science-act-investments-in-micron-technology/">https://www.whitehouse.gov/briefing-room/statements-releases/2024/12/10/statement-from-vice-president-kamala-harris-on-chips-and-science-act-investments-in-micron-technology/</a>

Financing

White House Announced Commerce Department Made $6.1B Investment In Micron For Memory Chip Facilities In Clay, NY, And Boise, ID

Financial giants have made a conspicuous bullish move on Micron Technology. Our analysis of options history for Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) revealed 39 unusual trades.
Delving into the details, we found 48% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 16 were puts, with a value of $738,388, and 23 were calls, valued at $1,064,308.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $170.0 for Micron Technology, 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 Micron Technology's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Micron Technology's substantial trades, within a strike price spectrum from $50.0 to $170.0 over the preceding 30 days.
<h3>Micron Technology Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733505368_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$44.6</td>
<td>$44.3</td>
<td>$44.3</td>
<td>$60.00</td>
<td>$177.2K</td>
<td>116</td>
<td align="right">40</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/13/24</td>
<td>$11.0</td>
<td>$10.4</td>
<td>$10.85</td>
<td>$90.00</td>
<td>$108.5K</td>
<td>605</td>
<td align="right">26</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/13/24</td>
<td>$5.3</td>
<td>$5.0</td>
<td>$5.1</td>
<td>$106.00</td>
<td>$98.9K</td>
<td>793</td>
<td align="right">200</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$11.65</td>
<td>$11.5</td>
<td>$11.5</td>
<td>$100.00</td>
<td>$80.5K</td>
<td>4.4K</td>
<td align="right">73</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/06/24</td>
<td>$1.86</td>
<td>$1.83</td>
<td>$1.84</td>
<td>$102.00</td>
<td>$76.2K</td>
<td>2.1K</td>
<td align="right">695</td>
</tr>
</tbody>
</table>

<h3>About Micron Technology</h3>
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
<h3>Present Market Standing of Micron Technology</h3>
<ul>
<li>With a trading volume of 5,721,375, the price of MU is up by 0.56%, reaching $101.43.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 12 days from now.</li>
</ul>
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>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Micron Technology, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Micron Technology's Options: A Look at What the Big Money is Thinking

Whales with a lot of money to spend have taken a noticeably bullish stance on Micron Technology.
Looking at options history for Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) we detected 38 trades.
If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 34% with bearish.
From the overall spotted trades, 12 are puts, for a total amount of $453,650 and 26, calls, for a total amount of $2,403,146.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $47.5 and $120.0 for Micron Technology, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Micron Technology's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Micron Technology's whale activity within a strike price range from $47.5 to $120.0 in the last 30 days. 
<h3>Micron Technology Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733341551_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>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$3.75</td>
<td>$3.6</td>
<td>$3.61</td>
<td>$98.00</td>
<td>$1.1M</td>
<td>9.1K</td>
<td>4.0K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$3.7</td>
<td>$3.65</td>
<td>$3.7</td>
<td>$98.00</td>
<td>$148.7K</td>
<td>9.1K</td>
<td>452</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$10.0</td>
<td>$9.95</td>
<td>$10.0</td>
<td>$100.00</td>
<td>$137.0K</td>
<td>5.2K</td>
<td>333</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$7.75</td>
<td>$7.7</td>
<td>$7.75</td>
<td>$100.00</td>
<td>$106.1K</td>
<td>4.5K</td>
<td>179</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$14.25</td>
<td>$14.15</td>
<td>$14.15</td>
<td>$100.00</td>
<td>$70.7K</td>
<td>373</td>
<td>56</td>
</tr>
</tbody>
</table>

<h3>About Micron Technology</h3>
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
<h3>Current Position of Micron Technology</h3>
<ul>
<li>Currently trading with a volume of 10,207,538, the MU's price is up by 2.77%, now at $102.61. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 14 days.</li>
</ul>
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>.
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 Micron Technology options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Smart Money Is Betting Big In Micron Technology Options

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), along with other chip stocks, are trading higher Wednesday in sympathy with Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) bearing testimony to the interconnectivity of the semiconductor ecosystem.
On Tuesday, Marvell reported upbeat third-quarter results. The quarterly revenue grew 7% to $1.52 billion, topping the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/12/42302752/marvell-technology-stock-climbs-after-better-than-expected-q3-results-strong-q4-guidance" rel="noreferrer noopener">consensus estimate of $1.46 billion</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42301391/marvell-reveals-latest-offering-to-scale-accelerated-infrastructure" rel="noreferrer noopener">Marvell Unveils New Platform, Targets Growing AI Bandwidth Demands</a>
This demonstrates the growing demand for the company&#8217;s custom artificial intelligence silicon programs. EPS of 43 cents surpassed the analyst consensus estimate of 41 cents.
Marvell expects fourth-quarter revenue of $1.8 billion, plus or minus 5%, compared to the $1.65 billion consensus estimate. The company projected an EPS of 59 cents, plus or minus five cents, versus the 52-cent estimate.
Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) stocks traded higher on Wednesday.
The semiconductor sector also received a boost from Amazon.Com Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) artificial intelligence offerings, which the company showcased at its latest annual event.
The company aimed Nvidia&#8217;s turf with the latest <a target="_blank" href="https://www.benzinga.com/24/12/42309656/amazon-unleashes-powerful-ai-chip-clusters-to-supercharge-anthropics-models-while-challenging-nvidia-and-openais-dominance" rel="noreferrer noopener">advanced AI chip&nbsp;clusters</a>, deploying hundreds of thousands of co-developed Trainium2&nbsp;semiconductors into clusters, significantly boosting Anthropic&#8217;s processing power. Amazon introduced the&nbsp;Nova models, which generate text, images, and video.
Additionally, the semiconductor sector is also trying to gauge the repercussions of the Biden administration&#8217;s third <a target="_blank" href="https://www.benzinga.com/24/12/42289269/taiwan-semiconductor-supplier-asml-remains-unscathed-from-bidens-latest-semiconductor-embargo-on-china" rel="noreferrer noopener">semiconductor sanctions against China</a>, which prompted some chip companies to introspect their outlook.
Investors can gain exposure to the semiconductor sector through VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: NVDA stock is trading higher by 2.13% to $143.29 on Wednesday. ARM is up 1.15%, AVGO is up 0.52%.
Also Read:
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<li><a href="https://www.benzinga.com/news/earnings/24/12/42313987/foot-locker-cuts-outlook-on-soft-consumer-spending-in-q3-stock-tanks" target="_blank" rel="noreferrer noopener">Foot Locker Cuts Outlook On Soft Consumer Spending In Q3, Stock Tanks</a></li>
</ul>
Photo via Shutterstock

AMZN

What's Going On With Nvidia And Other Chip Stocks On Wednesday?

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>12/06/24</td>
<td>$140.00</td>
<td>$27.6K</td>
<td>52.2K</td>
<td>179.0K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$16.00</td>
<td>$111.2K</td>
<td>1.7K</td>
<td>6.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$80.00</td>
<td>$43.2K</td>
<td>11.3K</td>
<td>6.0K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$350.00</td>
<td>$28.9K</td>
<td>4.1K</td>
<td>4.8K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$37.00</td>
<td>$184.8K</td>
<td>2.9K</td>
<td>4.5K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$240.00</td>
<td>$35.6K</td>
<td>2.0K</td>
<td>4.4K</td>
</tr>
<tr>
<td>CORZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$27.00</td>
<td>$315.0K</td>
<td>0</td>
<td>1.7K</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$95.00</td>
<td>$40.3K</td>
<td>9.5K</td>
<td>1.6K</td>
</tr>
<tr>
<td>QUBT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$6.50</td>
<td>$60.0K</td>
<td>68</td>
<td>1.0K</td>
</tr>
<tr>
<td>IONQ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$22.50</td>
<td>$35.7K</td>
<td>1.0K</td>
<td>934</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed 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 3 day(s) on December 6, 2024. Parties traded 200 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $138.0 per contract. There were 52221 open contracts at this strike prior to today, and today 179015 contract(s) were bought and sold. 
• For CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we notice a call option sweep that happens to be bearish, expiring in 10 day(s) on December 13, 2024. This event was a transfer of 2139 contract(s) at a $16.00 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 $111.2K, with a price of $52.0 per contract. There were 1731 open contracts at this strike prior to today, and today 6422 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option trade that happens to be bearish, expiring in 45 day(s) on January 17, 2025. This event was a transfer of 200 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $43.2K, with a price of $216.0 per contract. There were 11320 open contracts at this strike prior to today, and today 6084 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on December 6, 2024. This event was a transfer of 41 contract(s) at a $350.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $28.9K, with a price of $705.0 per contract. There were 4137 open contracts at this strike prior to today, and today 4846 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bearish, expiring in 773 day(s) on January 15, 2027. This event was a transfer of 154 contract(s) at a $37.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $184.8K, with a price of $1200.0 per contract. There were 2922 open contracts at this strike prior to today, and today 4527 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a put option sweep that happens to be bearish, expiring in 10 day(s) on December 13, 2024. This event was a transfer of 174 contract(s) at a $240.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $35.6K, with a price of $205.0 per contract. There were 2047 open contracts at this strike prior to today, and today 4444 contract(s) were bought and sold. 
• For CORZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), we notice a call option trade that happens to be neutral, expiring in 199 day(s) on June 20, 2025. This event was a transfer of 1750 contract(s) at a $27.00 strike. The total cost received by the writing party (or parties) was $315.0K, with a price of $180.0 per contract. There were 0 open contracts at this strike prior to today, and today 1756 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a put option sweep that happens to be neutral, expiring in 17 day(s) on December 20, 2024. This event was a transfer of 130 contract(s) at a $95.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $40.3K, with a price of $310.0 per contract. There were 9555 open contracts at this strike prior to today, and today 1610 contract(s) were bought and sold. 
• Regarding QUBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), we observe a put option sweep with bearish sentiment. It expires in 10 day(s) on December 13, 2024. Parties traded 500 contract(s) at a $6.50 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $60.0K, with a price of $120.0 per contract. There were 68 open contracts at this strike prior to today, and today 1002 contract(s) were bought and sold. 
• Regarding IONQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), we observe a put option sweep with bearish sentiment. It expires in 135 day(s) on April 17, 2025. Parties traded 110 contract(s) at a $22.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $35.7K, with a price of $325.0 per contract. There were 1067 open contracts at this strike prior to today, and today 934 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.

CLSK

Core Scientific, Inc. - Class A Common Stock

CORZ

IONQ

SA Charts: Here's how global semiconductor sales have performed this year

Notable gainers among liquid option names this morning include Broadcom (AVGO) $244.00 +19.20, Micron (MU) $109.50 +7.00, Match Group (MTCH) $32.80...

Early notable gainers among liquid option names on December 16th

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Cheap stocks are worth considering now due to expected interest rate cuts, potential market rebounds, and substantial upside in growing industries. Hence, stocks like Pfizer (PFE), Micron Technology (MU), and Precision Drilling (PDS), with high analyst price targets for 2024, are smart portfolio additions now. Read on... Cheap stocks could be a smart investment opportunity, as economists predict further rate cuts in 2025, providing a chance to purchase undervalued assets in sectors like medical, semiconductor, and energy at a discount. Stocks in growing industries, especially those priced lower, may offer substantial upside potential as these companies expand.
Therefore, investors might want to consider fundamentally strong, cheap stocks like Pfizer Inc. (<a href="https://stocknews.com/stock/PFE/">PFE</a>), Micron Technology, Inc. (<a href="https://stocknews.com/stock/MU/">MU</a>), and Precision Drilling Corporation (<a href="https://stocknews.com/stock/PDS/">PDS</a>), which have high analyst price targets for 2024.
Companies with lower stock prices often see larger percentage gains than higher-priced stocks during growth periods. Stocks priced low due to temporary market inefficiencies or sentiment shifts can rebound as fundamentals improve. Additionally, low-priced stocks often form patterns that attract technical analysts, driving increased demand and offering potential for significant price appreciation.
Fed is expected to cut interest rates by 25 basis points this December, potentially boosting the stock market. Lower rates can <a href="https://www.reuters.com/markets/us/federal-reserve-cut-rates-by-25-bps-dec-18-pause-january-2024-12-10/">reduce borrowing costs</a>, stimulate investment, and raise stock prices, especially for cheap stocks. Despite inflation concerns, the U.S. economy is projected to grow at 2.1% next year, creating a favorable environment for businesses, including those with lower stock prices.
Considering these trends, let's assess the fundamentals of the abovementioned cheap stocks.
Pfizer Inc. (<a href="https://stocknews.com/stock/PFE/">PFE</a>)
PFE discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products in the U.S., Europe, and internationally.
On November 20, 2024, PFE announced the European Commission's approval of HYMPAVZI (marstacimab) as the first once-weekly subcutaneous treatment for severe hemophilia A or B without inhibitors. It is also the first hemophilia medicine in the EU administered via a pre-filled pen or syringe, showing significant efficacy in reducing bleeding rates.
On October 22, 2024, PFE announced FDA approval of ABRYSVO, the first RSV vaccine for adults aged 18-59 at high risk of RSV-related lower respiratory tract disease, expanding its indications to younger adults. It remains the only RSV vaccine approved for pregnant individuals to protect infants from birth to six months.
In terms of forward non-GAAP <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">P/E</a>, PFE's 8.75x is 57.9% lower than the 20.77x industry average. Its 8.20x forward EV/EBITDA is 37.5% lower than the 13.12x industry average. Likewise, its 10.08x forward EV/EBIT is 39.2% lower than the 16.57x industry average.
PFE's total revenues for the fiscal third quarter, which ended September 30, 2024, rose 31.2% year-over-year to $17.70 billion. Likewise, its Biopharma revenues were $17.39 billion, up 31.9% from the prior-year quarter. Moreover, the company's adjusted net income and adjusted EPS attributable to PFE common shareholders totaled $6.05 billion and $1.06 for the quarter, respectively.
Street expects PFE's EPS and revenue for the quarter ending December 31, 2024, to increase 369.1% and 21.2% year-over-year to $0.47 and $17.27 billion, respectively. PFE surpassed the consensus EPS estimates in three of the trailing four quarters.
Over the past month, the stock has declined 4.3% to close the last trading session at $25.58. The average analyst price target of $31.75 indicates a <a href="https://www.tipranks.com/stocks/pfe/forecast">24.1% upside potential</a>.
PFE's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect robust prospects. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
PFE is ranked #27 out of 153 stocks in the <a href="https://stocknews.com/category/pharmaceuticals/">Medical – Pharmaceuticals</a> industry. It has an A grade for Growth and a B for Value and Sentiment. To see PFE's Momentum, Stability, and Quality ratings, <a href="https://stocknews.com/stock/PFE/">click here</a>.
Micron Technology, Inc. (<a href="https://stocknews.com/stock/MU/">MU</a>)
MU designs, develops, manufactures, and sells memory and storage products internationally. The company operates through four segments: the Compute and Networking Business Unit, the Mobile Business Unit, the Embedded Business Unit, and the Storage Business Unit.
On November 12, 2024, MU announced the Micron 6550 ION E3.S SSD, the world's first PCIe Gen5 60TB SSD. This innovative storage device offers best-in-class performance, energy efficiency, and density, addressing the growing demands of AI and exascale data centers.
On October 15, 2024, MU announced the launch of its Crucial DDR5 CUDIMM and CSODIMM memory solutions, offering speeds up to 6,400 MT/s for enhanced AI PC and workstation performance. These are the first JEDEC-standard DDR5 clock driver modules, validated by Intel for capacities up to 64GB.
In terms of forward non-GAAP PEG, MU's 0.23x is 88.1% lower than the 1.92x industry average. Likewise, its 11.68x forward non-GAAP P/E is 55.7% lower than the 26.38x industry average. Also, its 3.11x forward EV/Sales is 4.3% lower than the 3.25x industry average.
During the fourth quarter ended August 29, 2024, MU's revenue increased 93.3% year-over-year to $7.75 billion. The company's non-GAAP operating income was $1.75 billion, compared to an operating loss of $1.21 billion in the same quarter of the previous year. Additionally, the company's non-GAAP net income and EPS were $1.34 million and $1.18, respectively.
For the quarter ended November 30, 2024, MU's revenue is expected to increase 84.3% year-over-year to $8.71 billion. Its EPS for the quarter ending February 28, 2025, is expected to rise 363.4% year-over-year to $1.95. MU surpassed the Street EPS estimates in three of the trailing four quarters.
Over the past year, MU's stock has gained 28.5% to close the last trading session at $102.50. The average analyst price target of $153.05 indicates a <a href="https://www.tipranks.com/stocks/mu/forecast">49.3% upside potential</a>.
MU's strong fundamentals are reflected in its POWR Ratings. It has an A grade for Growth. Within the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry, it is ranked #23 out of 90 stocks. To access the additional POWR Ratings of MU for Value, Momentum, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/MU/">click here</a>.
Precision Drilling Corporation (<a href="https://stocknews.com/stock/PDS/">PDS</a>)
Headquartered in Calgary, Canada, PDS is a drilling company that provides onshore drilling, completion, and production services to exploration and production companies in the oil, natural gas, and geothermal industries across North America and the Middle East. The company operates through its Contract Drilling Services and Completion and Production Services segments.
In terms of forward Price/Sales, PDS' of 0.62x is 57.2% lower than the 1.45x industry average. Its 8.28x forward EV/EBIT is 22.3% lower than the 10.66x industry average. Likewise, its 9.28x forward non-GAAP P/E is 23.3% lower than the 12.09x industry average.
PDS' revenue for the third quarter, which ended on September 30, 2024, increased 6.8% year-over-year to $477.16 billion. The company's adjusted EBITDA rose 24.3% year-over-year to $142.42 million. For the same period, its net earnings amounted to $39.18 million and $2.31 per share, up 98% and 59.3% over the prior-year quarter, respectively.
Analysts expect PDS' EPS for the quarter ending March 31, 2025, to increase 10.4% year-over-year to $2.04. Its revenue for fiscal 2025 is expected to grow 3.3% year-over-year to $1.41 billion. Over the past year, PDS' stock has gained 15.4% to close the last trading session at $60.35. The average analyst price target of $87.60 indicates a <a href="https://www.tipranks.com/stocks/pds/forecast">45.2% upside potential</a>.
PDS' POWR Ratings reflect this positive outlook. PDS has an overall rating of B, which translates to a Buy in our proprietary rating system.
It is ranked first out of 13 stocks in the <a href="https://stocknews.com/category/energy-drilling/">Energy - Drilling</a> industry. It has an A grade for Value and a B for Quality. In addition to the POWR Ratings grades I've just highlighted, you can see PDS' ratings for Growth, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/PDS/">here</a>.
What To Do Next?
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<hr />
PFE shares were trading at $25.38 per share on Monday afternoon, down $0.20 (-0.78%). Year-to-date, PFE has declined -5.13%, versus a 29.07% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/pfe-mu-pds-3-cheap-stocks-with-high-analyst-price-targets-for-2024/>3 Cheap Stocks With High Analyst Price Targets for 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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