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

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CrowdStrike, AWS y NVIDIA lanzan un acelerador para startups de ciberseguridad e IA. Oportunidades de inversión y financiación hasta 2025.

CrowdStrike, Amazon y NVIDIA se unen para potenciar a las startups de ciberseguridad

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Oracle crece silenciosamente en la nube y la IA, con un aumento del 49 % en 2023, superando a Meta y acercándose a Nvidia en innovación.

Oracle (ORCL) acelera en la nube y la IA, superando a Meta y acercándose a Nvidia

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Las acciones de Super Micro Computer (SMCI) caen un 65% desde su máximo. Descubre el análisis técnico y los riesgos del auge de la IA.

Super Micro Computer (SMCI) lucha contra la volatilidad de la inteligencia artificial

NVIDIA Corp

Crusoe, a vertically integrated <a href="Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.">artificial intelligence infrastructure provider</a>, secured $600 million in Series D funding led by Peter Thiel&#8216;s Founders Fund, valuing the company at $2.8 billion. The round included participation from Fidelity, NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and other investors, the company announced on Thursday.
What Happened: The investment marks Founders Fund&#8217;s latest significant technology bet, following its recent $200 million cryptocurrency investment split between Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39936042/peter-thiel-founders-fund-lead-11m-investment-in-pudgy-penguins-parent-company-excited-to-">earlier this year</a>.
&#8220;The biggest risk with AI is that we don&#8217;t go big enough. Crusoe is here to liberate us from the island of limited ambition,&#8221; Thiel said in a statement.
Crusoe, founded in 2018, differentiates itself by using waste <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41616040/peter-thiels-founders-fund-leads-500m-fundraise-in-waste-gas-powered-ai-cloud-start-up">natural gas from oilfields</a> to power its data centers, addressing both environmental concerns and the growing demand for AI computing resources. 
See Also: <a href="https://www.benzinga.com/24/12/42476184/jeff-van-drew-calls-out-pentagon-for-hiding-information-about-mysterious-new-jersey-drones-national-security-crisis-we-cannot-ignore">Jeff Van Drew Calls Out Pentagon For Hiding Information About Mysterious New Jersey Drones: &#8216;National Security Crisis We Cannot Ignore&#8217;</a>
Why It Matters: The company recently announced plans for a new data center in Abilene, Texas, projected to add $1 billion to the local economy over 20 years and create more than 800 jobs. The facility will feature over 1.2 gigawatts of capacity, making it one of the world&#8217;s largest high-performance computing clusters.
Crusoe CEO Chase Lochmiller said, &#8220;To reduce complexity, accelerate time-to-value, and support the most demanding AI solutions, customers need a vertically integrated approach.&#8221;
The funding announcement coincides with the general availability launch of Crusoe Cloud, the company&#8217;s high-performance cloud platform designed for AI and machine learning workloads. Customer count grew more than sevenfold in the past year, according to company data.
Founders Fund&#8217;s portfolio includes both past and current investments in notable companies such as SpaceX, Palantir, Stripe, Neuralink, OpenAI, The Boring Company, and Polymarket.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/management/24/12/42454797/jeff-bezoss-leadership-style-at-amazon-former-vp-reveals-how-founders-disagree-and-commit-philosophy-drove-24-trillion-valuation">Jeff Bezos Prefers Confrontation Over Quick Compromises, Reveals Former VP, Says &#8216;Disagree And Commit&#8217; Philosophy Led To Amazon&#8217;s Growth</a></li>
</ul>
Image via Wikimedia Commons
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Peter Thiel Says, 'The Biggest Risk With AI Is That We Don't Go Big Enough' As His Founders Fund Leads $600 Million Crusoe Investment

Ritholtz Wealth Management&#8217;s Josh Brown created a new index that tracks the most popular stocks in some of the <a href="https://www.benzinga.com/insights/options/24/12/42465585/spotlight-on-soundhound-ai-analyzing-the-surge-in-options-activity">hottest themes of the market</a>.
What To Know: Last Tuesday on "<a href="https://podcasts.apple.com/us/podcast/the-compound-and-friends/id1456467014?i=1000679133042" target="_blank" rel="noreferrer noopener">The Compound &amp; Friends</a>" podcast, Brown set the stage for unveiling the &#8220;Degen Dow.&#8221;
&#8220;I think that if we were to make a list of the biggest themes of 2024, one of those themes would have been degeneracy,&#8221; Brown said. 
It&#8217;s tough to say precisely how the word &#8220;degen&#8221; came to be, but some believe it originates from the term &#8220;degenerate gambler&#8221; in sports betting and gambling culture, <a href="https://www.wsj.com/finance/stocks/degen-stock-crypto-trading-market-trend-69d12a56">according</a> to The Wall Street Journal.
It&#8217;s also used by crypto traders and meme-stock traders who often make risky short-term bets based on momentum and steer clear of traditional ways of assessing investments. 
Brown put together a list of the top stocks used as trading vehicles by &#8220;degen&#8221; traders using platforms such as Robinhood, Stocktwits and Reddit&#8217;s <a href="https://www.benzinga.com/topic/wallstreetbets">WallStreetBets</a>. The list includes high beta Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-related names, gaming and gambling companies, AI names, space theme plays, Cathie Wood favorites and president-elect Donald Trump-related stocks.
&#8220;All the major degen food groups are represented,&#8221; Brown said. 
Here&#8217;s a look at all of the stocks that made it into the &#8220;Degen Dow.&#8221;
<ul>
<li>Archer Aviation Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>)</li>
</ul>
<ul>
<li>AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>)</li>
</ul>
<ul>
<li>Applovin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>)</li>
</ul>
<ul>
<li>Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</li>
</ul>
<ul>
<li>Carvana Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>)</li>
</ul>
<ul>
<li>Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)</li>
</ul>
<ul>
<li>DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)</li>
</ul>
<ul>
<li>Flutter Entertainment Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>)</li>
</ul>
<ul>
<li>Geo Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>)</li>
</ul>
<ul>
<li>GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)</li>
</ul>
<ul>
<li>Hims &amp; Hers Health, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>)</li>
</ul>
<ul>
<li>Robinhood Markets, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</li>
</ul>
<ul>
<li>Lucid Group, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)</li>
</ul>
<ul>
<li>MARA Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>)</li>
</ul>
<ul>
<li>MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</li>
</ul>
<ul>
<li>NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
</ul>
<ul>
<li>PagerDuty, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>)</li>
</ul>
<ul>
<li>Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</li>
</ul>
<ul>
<li>Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>)</li>
</ul>
<ul>
<li>Reddit, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>)</li>
</ul>
<ul>
<li>Riot Platforms, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>)</li>
</ul>
<ul>
<li>Rivian Automotive, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)</li>
</ul>
<ul>
<li>Rocket Lab USA, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>)</li>
</ul>
<ul>
<li>Rumble Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>)</li>
</ul>
<ul>
<li>Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</li>
</ul>
<ul>
<li>SoFi Technologies, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)</li>
</ul>
<ul>
<li>SoundHound AI, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>)</li>
</ul>
<ul>
<li>Tesla, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
</ul>
<ul>
<li>Unity Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>)</li>
</ul>
<ul>
<li>Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</li>
</ul>
Why It Matters: Brown equal-weighted the basket of stocks in the index to track performance. The index actually declined more than 80% from the highs in late 2021, but it has formed a base and appears to be breaking out to the upside with gains of nearly 50% since the start of the year. 
&#8220;Look how it&#8217;s like turning up &#8230; this thing is ripping into year-end,&#8221; Brown said, to which his co-host Michael Batnick replied, &#8220;I want to get long.&#8221;
Brown noted Nvidia and Reddit are the only two names on the list he currently owns.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year">GameStop Q3 Earnings: Revenue Miss, $4B+ Cash, No More Offerings Planned In Fiscal Year</a></li>
</ul>
Photo: Shutterstock

General

ACHR

ARCH

COIN

CVNA

DKNG

FLUT

Hims & Hers Health, Inc. Class A Common Stock

HIMS

HOOD

LCID

MARA

MSTR

PLTR

RBLX

RDDT

RIOT

RIVN

RKLB

SOFI

SOUN

Josh Brown Unveils The 'Degen Dow,' A Basket Of 30 Retail Darlings Spanning All 'Major Degen Food Groups'

Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) will be reporting its fourth-quarter earnings on Thursday. Wall Street expects $1.38 in EPS and $14.10 billion in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=AVGO" target="_blank" rel="noreferrer noopener"> after market hours</a>.
The stock is up 70.85% over the past year, 20.28% over the past six months.
<h1 class="wp-block-heading">Apple Partnership Builds Bullish Momentum</h1>
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly partnering with Broadcom to develop its first AI-focused server chip, code-named Baltra, expected to enter mass production by 2026.
According to The Information, Apple plans to leverage Taiwan Semiconductor Manufacturing Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) advanced N3P process for production. This move aligns with a broader trend among tech giants, including Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), to design proprietary AI chips, reducing reliance on third-party suppliers like Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
This partnership highlights Broadcom's growing role in the AI ecosystem as it prepares to report its fourth-quarter earnings. Let&#8217;s look at what the charts indicate for Broadcom stock and how the stock currently maps against Wall Street estimates.
Read Also: <a href="https://www.benzinga.com/24/12/42460178/how-to-earn-500-a-month-from-broadcom-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Broadcom Stock Ahead Of Q4 Earnings</a>
<h1 class="wp-block-heading">Broadcom Stock Strongly Bullish Ahead Of Q4 Earnings&nbsp;</h1>
Broadcom stock exhibits a strongly bullish trend, with its share price of $183.20 consistently trading above the five-, 20- and 50-day exponential moving averages, signaling sustained buying pressure.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12111952/Screenshot-2024-12-12-at-9.49.34-PM.png" alt="" class="wp-image-689778" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12111952/Screenshot-2024-12-12-at-9.49.34-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12111952/Screenshot-2024-12-12-at-9.49.34-PM-300x235.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Broadcom stock is technically bullish, supported by multiple bullish signals across key moving averages: the eight-day SMA at $175.08, the 20-day SMA at $168.81, the 50-day SMA at $173.84 and the 200-day SMA at $154.41.
Additionally, the Moving Average Convergence Divergence (MACD) indicator stands at 1.62, reinforcing the bullish outlook. With a Relative Strength Index (RSI) of 56.28, AVGO stock remains comfortably within bullish territory, indicating further potential for upward momentum.
<h1 class="wp-block-heading">Broadcom Analysts See 18.5% Upside</h1>
Ratings &amp; Consensus Estimates:<a href="https://www.benzinga.com/quote/AVGO/analyst-ratings" target="_blank" rel="noreferrer noopener"> The consensus analyst rating</a> on Broadcom stock stands at a Buy currently with a price target of $1,047.81. The latest analyst ratings from Rosenblatt, Citigroup and UBS imply an 18.46% upside for Broadcom stock with an average price target of $215.
AVGO Price Action: Broadcom stock is down 1.78% at $179.93 on Thursday at publication.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42449581/broadcoms-ai-edge-apples-to-oranges-comparison-shows-asics-outgrowing-gpus-says-analyst">Broadcom&#8217;s AI Edge: &#8216;Apples-to-Oranges Comparison&#8217; Shows ASICs Outgrowing GPUs, Says Analyst</a></li>
</ul>
Photo: Shutterstock

Previews

AAPL

AVGO

Broadcom: Bullish Momentum Builds As Q4 Earnings, Apple Partnership Take Center Stage

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>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$140.00</td>
<td>$38.6K</td>
<td>112.3K</td>
<td>35.5K</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$20.00</td>
<td>$29.8K</td>
<td>27.1K</td>
<td>29.5K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$190.00</td>
<td>$85.3K</td>
<td>10.4K</td>
<td>7.2K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$450.00</td>
<td>$61.3K</td>
<td>33.9K</td>
<td>5.3K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$129.00</td>
<td>$29.4K</td>
<td>4.0K</td>
<td>5.0K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$400.00</td>
<td>$42.9K</td>
<td>9.0K</td>
<td>4.4K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$260.00</td>
<td>$237.7K</td>
<td>8.1K</td>
<td>4.0K</td>
</tr>
<tr>
<td>IONQ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$31.00</td>
<td>$57.5K</td>
<td>574</td>
<td>1.4K</td>
</tr>
<tr>
<td>RGTI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$13.00</td>
<td>$27.9K</td>
<td>6.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$400.00</td>
<td>$1.7 million</td>
<td>1.9K</td>
<td>950</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 sweep with bearish sentiment. It expires in 8 day(s) on December 20, 2024. Parties traded 210 contract(s) at a $140.00 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 $38.6K, with a price of $184.0 per contract. There were 112311 open contracts at this strike prior to today, and today 35549 contract(s) were bought and sold. 
• For RIOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), we notice a call option sweep that happens to be bearish, expiring in 190 day(s) on June 20, 2025. This event was a transfer of 116 contract(s) at a $20.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $29.8K, with a price of $259.0 per contract. There were 27100 open contracts at this strike prior to today, and today 29579 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on December 13, 2024. This event was a transfer of 316 contract(s) at a $190.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $85.3K, with a price of $270.0 per contract. There were 10408 open contracts at this strike prior to today, and today 7243 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on December 20, 2024. This event was a transfer of 80 contract(s) at a $450.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $61.3K, with a price of $767.0 per contract. There were 33973 open contracts at this strike prior to today, and today 5331 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with bearish sentiment. It expires in 1 day(s) on December 13, 2024. Parties traded 200 contract(s) at a $129.00 strike. The total cost received by the writing party (or parties) was $29.4K, with a price of $147.0 per contract. There were 4062 open contracts at this strike prior to today, and today 5078 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bearish, expiring in 1 day(s) on December 13, 2024. This event was a transfer of 44 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $42.9K, with a price of $975.0 per contract. There were 9072 open contracts at this strike prior to today, and today 4439 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 71 day(s) on February 21, 2025. Parties traded 450 contract(s) at a $260.00 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 $237.7K, with a price of $528.0 per contract. There were 8117 open contracts at this strike prior to today, and today 4066 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 1 day(s) on December 13, 2024. Parties traded 500 contract(s) at a $31.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $57.5K, with a price of $115.0 per contract. There were 574 open contracts at this strike prior to today, and today 1411 contract(s) were bought and sold. 
• Regarding RGTI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), we observe a call option sweep with bearish sentiment. It expires in 36 day(s) on January 17, 2025. Parties traded 499 contract(s) at a $13.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $56.0 per contract. There were 6081 open contracts at this strike prior to today, and today 1391 contract(s) were bought and sold. 
• Regarding APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we observe a call option trade with bearish sentiment. It expires in 99 day(s) on March 21, 2025. Parties traded 600 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $1.7 million, with a price of $2920.0 per contract. There were 1985 open contracts at this strike prior to today, and today 950 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.

Options

IONQ

RGTI

10 Information Technology Stocks Whale Activity In Today's Session

Good Morning Traders! In today&#8217;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#8217;s pulse to optimize your trading gains. Now, let&#8217;s dive into the stock analysis:
SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)
SPY is currently trading near our key level of 606.34. For bullish momentum to sustain, we'd like to see buyers push the price to 607.55 and hold this level as support. If 607.55 holds steady, we anticipate further buying pressure could propel the price toward 608.35. Continued bullish action may test the next resistance at 609.33, with 610.63 as the high bull target for the session.
On the flip side, if 606.34 fails to act as support, bears may aim to test the 605.41 level. A break below 605.41 could invite selling pressure, targeting 604.45. If sellers dominate and push lower, 603.38 becomes the next key support. In the case of a strong selloff, the low bear target for today is 602.37.
Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)
The QQQ is auctioning around 528.44, our critical level for today. A firm hold above 528.44 could trigger bullish activity, aiming to reclaim 530.70 as a new support zone. With buying strength intact, we expect the price to climb toward 532.52. If the uptrend remains strong, bulls might look to test 533.70, with a potential move to the high bull target of 535.30.
However, if the 528.44 level shows weakness, bears may seize the opportunity to drive the price lower to 527.03. A breakdown below this level could see selling intensify toward 525.19. Persistent selling pressure might further target 523.91, with a drop to 522.57 marking the session's low bear target.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)
Apple is trading near 246.72, a pivotal level for the day. A bullish stance requires holding 246.72 as support, which could enable a move to 248.12. Sustained upward momentum may bring 249.04 into focus, potentially setting up a test of 250.39, our high bull target for the session.
Should 246.72 fail as a support, we expect bears to press lower to 245.58. If selling persists, 244.45 becomes the next likely target. Continued weakness could lead to a test of 243.57, with the low bear target for Apple today set at 242.83.
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)
Microsoft is currently positioned around 446.33, a crucial level to monitor. Bulls need to secure a hold above 446.33 to establish support and push the price toward 448.18. If this level is reclaimed, we could see further upside action targeting 450.26, with the high bull target sitting at 453.02 for today's session.
Conversely, a failure at 446.33 may lead to bearish pressure driving the price to 444.95. A breach of this support could pave the way for a drop to 442.95. If sellers remain active, the next test is at 441.34, with the low bear target for Microsoft resting at 438.72.
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) NVIDIA is trading near 138.55, a significant level for the bulls to defend. A move above this level could see buyers driving the price to 139.42 and solidifying this zone as support. With momentum, the price could ascend to 140.28, potentially testing 141.21, with 142.35 as the high bull target.
Should 138.55 give way, sellers are likely to target 137.94. Continued bearish activity may test 136.98, and if weakness prevails, we anticipate a further move to 135.64. The low bear target for NVIDIA today stands at 134.56.
Alphabet Inc Class A (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)
Alphabet is hovering around 196.25, a critical level for today's action. Bulls will aim to maintain 196.25 as support to drive the price toward 196.97. If momentum builds, we expect a climb to 197.79, marking the high bull target for the day.
If 196.25 breaks as support, bears may take the price down to 195.41. A breach here could prompt further selling to 194.34, with heavy downside pressure potentially targeting 193.14 as the low bear target.
Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
Meta is currently auctioning near 635.49, a key level for bullish continuation. Buyers will want to hold above 635.49 and aim for 642.59. If this level is surpassed, a strong rally may bring 646.48 into play, with the high bull target at 650.56.
On the downside, failure to hold 635.49 could result in selling pressure testing 629.88. If bears remain aggressive, we anticipate a move to 622.01. Sustained downside action could push Meta to a low bear target of 615.65.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla is trading near 426.23, a level pivotal for today's bullish outlook. Buyers need to reclaim 431.50 and establish it as support to drive the price toward 437.95. Continued strength could lead to a breakout, with 448.48 and the high bull target of 454.90 in sight.
Should 426.23 fail to hold, bears could aim for 420.70. A breakdown of this level may bring 416.62 into focus, and if selling pressure persists, the price could test 413.10, today's low bear target.
Final Word:&nbsp; Today's trading session features a packed economic calendar, starting with the ECB Rate Decision at 8:15 AM ET. The release of November's PPI Final Demand, along with Initial and Continuing Jobless Claims at 8:30 AM ET, will be closely watched for signs of inflationary pressures and labor market conditions. At 8:45 AM ET, the ECB press conference is expected to provide further insights into European monetary policy, potentially setting the tone for global markets.
Later in the day, the U.S. Treasury will conduct a 4 and 8 week bill auction at 11:30 AM ET, followed by a 30 year bond auction at 1 PM ET. These events are critical for assessing investor sentiment toward U.S. debt and could influence broader market dynamics. Given the range of impactful releases, heightened volatility is anticipated. Traders should remain alert, adapt their strategies to the evolving market landscape, and prioritize risk management. Good luck, and trade wisely!
The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.
Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day—hours before it&#8217;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.
For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.

Market Clubhouse Morning Memo - December 12th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META and TSLA)

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/12/2024-12-12_07h55_05.png" alt="" /></figure>
To gain an edge, this is what you need to know today.
<h4 class="wp-block-heading">Hotter Inflation</h4>
An enlarged chart of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of TSLA stock is being used to illustrate the point.</li>
<li>The chart shows the run up in TSLA stock.</li>
<li>The chart shows the Arora buy signal after the election.&nbsp; As of this writing, there is 50% gain in about five weeks from the Arora buy signal in TSLA.</li>
<li>RSI on the chart shows TSLA stock is overbought.&nbsp; Overbought stocks are susceptible to a pullback.</li>
<li>The chart shows the nearest support zone.</li>
<li>TSLA stock has added $515B in value since Trump's election.&nbsp; The valuation of Tesla and SpaceX have been rising on the belief that Musk's close association with Trump will help his businesses. &nbsp; The rally in TSLA stock, along with the rising valuation of SpaceX, has made Elon Musk the first man ever to have a net worth of $400B.</li>
<li>The move yesterday in TSLA stock was initially triggered by General Motors Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) decision to stop development of robotaxis.&nbsp; The buying in TSLA stock on the GM news caused TSLA to breakout above the prior high.&nbsp; This brought in technically oriented buyers who buy the breakouts.&nbsp; The prior high was $414.49 on November 4, 2021.</li>
<li>After yesterday's sticky Consumer Price Index data that was not worse than expected, the market was certain the Fed will cut interest rates, so investors aggressively bought big tech stocks.&nbsp; Lower interest rates are good for big tech.</li>
<li>Producer Price Index (PPI) data came hotter than expected.&nbsp; Here are the details:
<ul>
<li>Headline PPI came at 0.4% vs. 0.3% consensus.</li>
<li>Core PPI came at 0.2% vs. 0.2% consensus.</li>
</ul>
</li>
<li>The reaction to PPI data is slight selling in stocks, bonds, and gold.</li>
<li>In The Arora Report analysis, the Fed is likely to ignore the hotter producer inflation data and cut interest rates next week.&nbsp;&nbsp;</li>
<li>Initial jobless claims came at 242K vs. 220K consensus. &nbsp;In The Arora Report analysis, the Fed can use this data as an excuse to cut interest rates given the Fed's dual mandate.&nbsp;</li>
<li>To understand extreme positive sentiment right now, all a prudent investor needs to do is look at the valuation of Fartcoin (CRYPTO: FARTCOIN).&nbsp; Fartcoin is now worth $500M.&nbsp; What makes Fartcoin so valuable? It produces a digital fart sound on each transaction.</li>
<li>The positive sentiment is being enhanced this morning as President-elect Trump is going to ring the opening bell at the New York Stock Exchange.</li>
</ul>
<h4 class="wp-block-heading">Switzerland</h4>
The Swiss National Bank cut interest rates by 50 bps, which was more than expected.&nbsp; This is the largest cut in nearly a decade.
<h4 class="wp-block-heading">Europe</h4>
The European Central Bank (ECB) cut interest rates by 25 bps as expected.
Rate cuts in Europe influence the Fed to also cut interest rates.
<h4 class="wp-block-heading">Magnificent Seven Money Flows</h4>
In the early trade, money flows are neutral in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
In the early trade, money flows are negative in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and TSLA.
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ.&nbsp; Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.&nbsp; The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).&nbsp; The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).&nbsp; The most popular ETF for oil is United States Oil ETF (ASCA:USO).
<h4 class="wp-block-heading">Bitcoin</h4>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is above $100,000.
<h4 class="wp-block-heading">Protection Band And What To Do Now</h4>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h4 class="wp-block-heading">Traditional 60/40 Portfolio</h4>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Hot Inflation Data But Fed Likely To Ignore It, Musk Becomes First $400 Billion Man

In today's rapidly changing and fiercely competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze companies. In this article, we will conduct a comprehensive industry comparison, evaluating NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) against its key competitors in the Semiconductors &amp; Semiconductor Equipment industry. By examining key financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry.
<h3>NVIDIA Background</h3>
Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVIDIA Corp</td>
<td>55</td>
<td>51.77</td>
<td>30.58</td>
<td>31.13%</td>
<td>$22.86</td>
<td>$26.16</td>
<td>93.61%</td>
</tr>
<tr>
<td>Taiwan Semiconductor Manufacturing Co Ltd</td>
<td>31.27</td>
<td>8.23</td>
<td>12.39</td>
<td>8.36%</td>
<td>$555.05</td>
<td>$439.35</td>
<td>38.95%</td>
</tr>
<tr>
<td>Broadcom Inc</td>
<td>147.98</td>
<td>13.03</td>
<td>18.14</td>
<td>-2.77%</td>
<td>$6.39</td>
<td>$8.36</td>
<td>47.27%</td>
</tr>
<tr>
<td>Advanced Micro Devices Inc</td>
<td>115.18</td>
<td>3.71</td>
<td>8.76</td>
<td>1.36%</td>
<td>$1.55</td>
<td>$3.42</td>
<td>17.57%</td>
</tr>
<tr>
<td>Qualcomm Inc</td>
<td>17.88</td>
<td>6.76</td>
<td>4.64</td>
<td>11.46%</td>
<td>$3.21</td>
<td>$5.78</td>
<td>18.69%</td>
</tr>
<tr>
<td>Texas Instruments Inc</td>
<td>35.63</td>
<td>10.13</td>
<td>11.20</td>
<td>7.86%</td>
<td>$2.09</td>
<td>$2.47</td>
<td>-8.41%</td>
</tr>
<tr>
<td>ARM Holdings PLC</td>
<td>236.68</td>
<td>25.03</td>
<td>43.03</td>
<td>1.83%</td>
<td>$0.11</td>
<td>$0.81</td>
<td>4.71%</td>
</tr>
<tr>
<td>Micron Technology Inc</td>
<td>145.79</td>
<td>2.52</td>
<td>4.54</td>
<td>1.99%</td>
<td>$3.63</td>
<td>$2.74</td>
<td>93.27%</td>
</tr>
<tr>
<td>Analog Devices Inc</td>
<td>66.20</td>
<td>3.06</td>
<td>11.49</td>
<td>1.36%</td>
<td>$1.12</td>
<td>$1.42</td>
<td>-10.06%</td>
</tr>
<tr>
<td>Microchip Technology Inc</td>
<td>42.72</td>
<td>5.26</td>
<td>6.09</td>
<td>1.24%</td>
<td>$0.34</td>
<td>$0.67</td>
<td>-48.37%</td>
</tr>
<tr>
<td>Monolithic Power Systems Inc</td>
<td>70.33</td>
<td>12.94</td>
<td>14.97</td>
<td>6.35%</td>
<td>$0.17</td>
<td>$0.34</td>
<td>30.59%</td>
</tr>
<tr>
<td>ON Semiconductor Corp</td>
<td>16.87</td>
<td>3.37</td>
<td>4.01</td>
<td>4.75%</td>
<td>$0.63</td>
<td>$0.8</td>
<td>-19.21%</td>
</tr>
<tr>
<td>STMicroelectronics NV</td>
<td>10.81</td>
<td>1.34</td>
<td>1.74</td>
<td>1.98%</td>
<td>$0.74</td>
<td>$1.23</td>
<td>-26.63%</td>
</tr>
<tr>
<td>ASE Technology Holding Co Ltd</td>
<td>19.97</td>
<td>2.29</td>
<td>1.20</td>
<td>3.16%</td>
<td>$28.59</td>
<td>$26.43</td>
<td>3.85%</td>
</tr>
<tr>
<td>First Solar Inc</td>
<td>17.31</td>
<td>2.83</td>
<td>5.61</td>
<td>4.22%</td>
<td>$0.45</td>
<td>$0.45</td>
<td>10.81%</td>
</tr>
<tr>
<td>United Microelectronics Corp</td>
<td>10.44</td>
<td>1.46</td>
<td>2.34</td>
<td>4.0%</td>
<td>$29.73</td>
<td>$20.43</td>
<td>5.99%</td>
</tr>
<tr>
<td>Skyworks Solutions Inc</td>
<td>24.23</td>
<td>2.26</td>
<td>3.46</td>
<td>0.95%</td>
<td>$0.18</td>
<td>$0.43</td>
<td>-15.9%</td>
</tr>
<tr>
<td>MACOM Technology Solutions Holdings Inc</td>
<td>132.66</td>
<td>8.87</td>
<td>13.91</td>
<td>2.67%</td>
<td>$0.05</td>
<td>$0.11</td>
<td>33.47%</td>
</tr>
<tr>
<td>Lattice Semiconductor Corp</td>
<td>61.77</td>
<td>12.36</td>
<td>15.52</td>
<td>1.03%</td>
<td>$0.03</td>
<td>$0.09</td>
<td>-33.87%</td>
</tr>
<tr>
<td>Universal Display Corp</td>
<td>32.35</td>
<td>4.82</td>
<td>11.92</td>
<td>4.29%</td>
<td>$0.08</td>
<td>$0.13</td>
<td>14.57%</td>
</tr>
<tr>
<td>Average</td>
<td>65.06</td>
<td>6.86</td>
<td>10.26</td>
<td>3.48%</td>
<td>$33.38</td>
<td>$27.13</td>
<td>8.28%</td>
</tr>
</tbody>
</table>
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 </style>Upon closer analysis of NVIDIA, the following trends become apparent: 
<ul>
<li>
A Price to Earnings ratio of 55.0 significantly below the industry average by 0.85x suggests undervaluation. This can make the stock appealing for those seeking growth.
</li>
<li>
With a Price to Book ratio of 51.77, which is 7.55x the industry average, NVIDIA might be considered overvalued in terms of its book value, as it is trading at a higher multiple compared to its industry peers.
</li>
<li>
With a relatively high Price to Sales ratio of 30.58, which is 2.98x the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
The company has a higher Return on Equity (ROE) of 31.13%, which is 27.65% above the industry average. This suggests efficient use of equity to generate profits and demonstrates profitability and growth potential.
</li>
<li>
Compared to its industry, the company has lower Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $22.86 Billion, which is 0.68x below the industry average, potentially indicating lower profitability or financial challenges.
</li>
<li>
The gross profit of $26.16 Billion is 0.96x below that of its industry, suggesting potential lower revenue after accounting for production costs.
</li>
<li>
With a revenue growth of 93.61%, which surpasses the industry average of 8.28%, the company is demonstrating robust sales expansion and gaining market share.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734015610_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio helps evaluate the capital structure and financial leverage of a company.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
By analyzing NVIDIA in relation to its top 4 peers based on the Debt-to-Equity ratio, the following insights can be derived:
<ul>
<li>
NVIDIA is in a relatively stronger financial position compared to its top 4 peers, as evidenced by its lower debt-to-equity ratio of 0.16.
</li>
<li>
This implies that the company relies less on debt financing and has a more favorable balance between debt and equity.
</li>
</ul>
<h3>Key Takeaways</h3>
For NVIDIA, the PE ratio is low compared to peers, indicating potential undervaluation. The high PB and PS ratios suggest strong market sentiment and revenue multiples. In terms of ROE, NVIDIA outperforms peers, reflecting efficient use of shareholder equity. However, the low EBITDA and gross profit may indicate operational challenges. The high revenue growth rate highlights NVIDIA's strong market position and growth potential within the industry.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Markets

Comparing NVIDIA With Industry Competitors In Semiconductors &amp; Semiconductor Equipment Industry

<ul>
<li>TSLA</li>
<li>NVDA</li>
<li>ACHR</li>
<li>GOOGL</li>
<li>GOOG</li>
<li>AMD</li>
<li>ADBE</li>
<li>AAPL</li>
<li>MSTR</li>
<li>INTC</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

ADBE

INTC

Top 10 Trending Stocks On WallStreetBets As Of December 12, 2024 (Via Swaggy Stocks)

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer recommended buying Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
On Wednesday, JPMorgan analyst Doug Anmuth maintained Netflix with an Overweight and raised the <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">price target from $850 to $1,010.</a>
 &#8220;It is absolutely true that they're not doing as well as Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>),&#8221; Cramer said when asked about Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>). &#8220;But can we just remember Lisa Su has built an amazing company?&#8221; He recommended buying the stock, saying that the stock is &#8220;actually cheap.&#8221;
On Monday, AMD named Tim Keating as senior vice president, Government Relations and Regulatory Affairs.
Cramer said he prefers Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>) over Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>). He added, &#8220;I don't want you to sell Constellation Energy, it has a habit of bouncing back because it's really involved in the data center, but it has got way too much volatility for me.&#8221;
On Nov. 22, Morgan Stanley analyst David Arcaro maintained Constellation Energy with an Overweight and lowered the price target from $323 to $322.
&#8220;Even with the talc litigation, I do want to buy it down here,&#8221; Cramer said when asked about Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>).
On Wednesday, Citigroup analyst Joanne Wuensch maintained Johnson &amp; Johnson with a Buy and lowered the price target from $185 to $175.
Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) is a &#8220;very good&#8221; company, Cramer said. &#8220;The stock has been straight up. And, I've got to tell you, after that last quarter, I understand why it's straight up. It was probably mispriced when it came public.&#8221;
On Dec. 5, Rubrik posted better-than-expected quarterly results.
When asked about JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), he said, &#8220;It's too much of a stretch for me.&#8221;
On Monday, Bernstein analyst Robin Zhu upgraded JD.com from Market Perform to Outperform and raised the price target from $43 to $46.
Price Action:
<ul>
<li>AMD shares gained 1.9% to settle at $130.15 on Wednesday.</li>
<li>Constellation Energy shares gained 1.8% to close at $236.60.</li>
<li>Rubrik shares gained 1.7% to settle at $70.42 on Wednesday.</li>
<li>JD.Com shares fell 3.4% to $38.21 on Wednesday.</li>
<li>Johnson &amp; Johnson shares fell 1.7% to close at $146.64 on Wednesday.</li>
<li>Netflix shares gained 2.5% to settle at $936.56 on Wednesday.</li>
</ul>
Read Next:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42437595/jim-cramer-says-keep-owning-this-energy-stock-abbott-laboratories-legal-stuff-is-behind-them"> </a>
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42437595/jim-cramer-says-keep-owning-this-energy-stock-abbott-laboratories-legal-stuff-is-behind-them">Jim Cramer Says &#8216;Keep Owning&#8217; This Energy Stock, Abbott Laboratories &#8216;Legal Stuff&#8217; Is Behind Them</a></li>
</ul>
Image: Shutterstock

Media

NFLX

RBRK

Jim Cramer Says This CEO 'Built An Amazing Company,' Recommends Buying Netflix

Nvidia Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has dismissed rumors circulating on social media suggesting it plans to decrease its supply of products to China. The company clarified through a post on Chinese social media that these claims are untrue.
What Happened:&nbsp;Nvidia emphasized the significance of the Chinese market, stating its commitment to delivering&nbsp;high-quality products and services to&nbsp;its customers in China. The company's statement comes amid an ongoing antitrust probe, which has heightened scrutiny on its operations, Reuters&nbsp;reported on Thursday.
See Also:&nbsp;<a 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?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Micron Technology Stock Jumps In Pre-Market After Securing $6.1B Investment For US Chip Manufacturing</a>
Why It Matters: The denial from&nbsp;Nvidia&nbsp;comes at a critical time as the company is <a 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">under an&nbsp;antitrust investigation</a>&nbsp;by Chinese authorities. The probe, initiated earlier this month, focuses on Nvidia&#8217;s acquisition of Mellanox Technologies and its potential anti-competitive practices. Analysts suggest that this investigation may not be resolved in the near term, indicating prolonged scrutiny for the company.
Despite the investigation, Nvidia is actively <a href="https://www.benzinga.com/24/12/42453553/nvidia-adds-hundreds-to-its-workforce-in-china-to-build-autonomous-driving-tech-report">expanding its presence in China.</a> The company has reportedly increased its workforce in the region, adding hundreds of employees to bolster its research and development capabilities, particularly in autonomous driving technologies. This expansion, as reported by Bloomberg, highlights Nvidia&#8217;s strategic focus on maintaining and growing its operations in China, a crucial market for its products.
Price Action: Nvidia stock fell by 0.55% on Thursday during the premarket hours, according to data from <a href="http://pro.benzinga.com">Benzinga Pro.</a>
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/12/42404763/pichai-and-musk-dream-big-about-quantum-computing-and-solar-energy-the-most-obvious-path-is-staring-at-our-eyes-literally?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google&#8217;s Willow Quantum Computing Chip Sparks Stellar Conversation Between Elon Musk And Sundar Pichai: &#8216;Most Obvious Path Is Staring At Our Eyes&#8217;</a></li>
</ul>
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

Nvidia Refutes Claims Of Reducing Supplies To China Amid Antitrust Investigation

Wedbush Securities analyst Dan Ives sees EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) achieving a $2 trillion market cap by 2025-end in a bull case scenario.
What Happened: &#8220;We believe with the autonomous story at Tesla worth $1 trillion alone that in a bull case scenario by the end of 2025, Tesla could achieve a $2 trillion market cap threshold,&#8221; Ives said. &#8220;FSD, autonomous, and the launch of Cybercab for early 2026 are keys for Tesla."
Wedbush currently has a $400 price target on Tesla with an &#8220;outperform&#8221; rating. 
The analyst also said that he believes Musk will play a key role in the U.S.-China tariff negotiations next year. Musk&#8217;s involvement, he said, should enable Apple, Tesla, and Nvidia to &#8220;get carve-outs in this game of high-stakes poker between DC and Beijing.&#8221;
Other Predictions: Ives also made eight other projections for the tech sector in 2025, adding that he expects tech mergers and acquisitions to increase by over 50% in terms of public deal-making given that financial buyers and strategic tech players seem interested in fields including software, cyber security, AI infrastructure, and consumer technology.
He also expects tech stocks to be up by another 25% in 2025 and for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to join the exclusive $4 trillion market cap club as the &#8220;AI revolution&#8221; moves into its next gear of growth.
Ives is also optimistic about Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), which he deems to be the most <a href="https://www.benzinga.com/24/12/42453057/palantir-positioned-to-become-the-next-oracle-in-2025-says-dan-ives-messi-of-ai-set-for-breakout-year">underappreciated tech name</a>.
&#8220;We believe 2025 will be another breakout year as its flagship AIP (artificial intelligence platform) product transforms AI use cases within enterprises&#8230; with the Messi of AI potentially the next Oracle (Corp),&#8221; he said about Palantir.
The Wedbush analyst is also <a href="https://www.benzinga.com/markets/equities/24/09/40767552/iphone-16-could-kick-off-biggest-upgrade-cycle-in-apples-history-says-dan-ives-wedbush-analyst-p">positive on iPhone sales</a> and expects Apple to ship more than 240 million iPhones in 2025, breaking previous records. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We just published our annual Top 10 Christmas Wish List for the Tech Sector in 2025 &#x1f525;&#x1f3c6;&#x1f402;&#x1f37f;&#x1f4cd;&#x1f447;&#x1f384; <a href="https://t.co/3udicr0J7h">pic.twitter.com/3udicr0J7h</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1866955641862098998?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42453807/spacex-hits-350-billion-valuation-in-insider-share-sale-ceo-elon-musk-says-no-investors-wanted-to-sell-shares" target="_blank" rel="noreferrer noopener">SpaceX Hits $350 Billion Valuation In Insider Share Sale: CEO Elon Musk Says ‘No Investors Wanted To Sell Shares'</a></li>
</ul>
Photo courtesy: Tesla

Analyst Color

Analyst Ratings

Tesla Could Touch $2 Trillion Market Cap By End Of 2025, Says Tech Bull: FSD, Robotaxis, And Cybercab 'Keys' For EV Giant

AI chipmaker Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has reportedly added hundreds of staff in China this year.
What Happened: Nvidia will now end the year with nearly 4,000 employees, marking a significant increase from the 3,000 at the onset of the year, <a href="https://www.bloomberg.com/news/articles/2024-12-12/nvidia-steps-up-hiring-in-china-to-focus-on-ai-driven-cars">reported</a> Bloomberg, citing people familiar with the matter.
The increase in workforce in China is aimed at improving the company&#8217;s research capabilities and focus on new autonomous driving technologies, the report said.
The report said Nvidia has added 200 people to its team of researchers in Beijing working on autonomous driving. People have also been added to the company&#8217;s after-sales service and networking software development teams.
Nvidia has been developing driving automation and AI software for over a decade, the report noted, while adding that the efforts are yet to yield results.
Why It Matters: Overall, Nvidia had 29,600 employees in 36 countries around the world as of February. The company has been adding more to meet the <a href="https://www.benzinga.com/news/earnings/24/11/42099904/nvidia-beats-q3-revenue-eps-estimates-supply-constraints-ding-stock-huang-says-age-of-ai-is-in-full-steam">rising demand for its AI chips</a>. 
China has seen a surge in EV sales and companies over the past few years. Autonomous driving technology, therefore, has significant demand in the country.
However, earlier this week, China launched an <a 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">antitrust investigation</a> centered on Nvidia&#8217;s acquisition of Israeli networking company&nbsp;Mellanox Technologies, approved in 2020, and its potential violations of China&#8217;s anti-monopoly laws.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42429588/gms-cruise-exit-draws-sharp-reaction-from-co-founder-kyle-vogt-tesla-ceo-elon-musk-says-autonomous-driving-is-a-very-hard-problem" target="_blank" rel="noreferrer noopener">GM's Cruise Exit Draws Sharp Reaction From Co-Founder Kyle Vogt: Tesla CEO Elon Musk Says Autonomous Driving Is A ‘Very Hard Problem'</a></li>
</ul>
Photo courtesy: Shutterstock

Global

Nvidia Adds Hundreds To Its Workforce In China To Build Autonomous Driving Tech Amid Antitrust Investigation: Report

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) is positioned to become &#8220;the next&#8221; Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) in 2025, according to Wedbush Securities Managing Director Dan Ives, who named it the most underappreciated tech stock in his annual sector outlook on Wednesday.
What Happened: In his &#8220;Top 10 Christmas Wish List for the Tech Sector in 2025&#8221; published on X, Ives highlighted Palantir&#8217;s artificial intelligence platform (AIP) as a transformative force in enterprise operations. The prediction comes as Palantir continues to expand its presence in both government and commercial sectors.
The company recently demonstrated its AI capabilities through its Warp Speed manufacturing operating system, which has already shown significant results. Anduril Industries, an early adopter, reported a 200-fold improvement in managing <a href="https://www.benzinga.com/24/12/42443206/palantirs-warp-speed-launches-to-accelerate-us-manufacturing-with-advanced-ai-integration">supply shortages using the platform</a>.
&#8220;We believe 2025 will be another breakout year as its flagship AIP product transforms AI use cases within enterprises,&#8221; Ives wrote, dubbing Palantir the &#8220;Messi of AI.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We just published our annual Top 10 Christmas Wish List for the Tech Sector in 2025 &#x1f525;&#x1f3c6;&#x1f402;&#x1f37f;&#x1f4cd;&#x1f447;&#x1f384; <a href="https://t.co/3udicr0J7h">pic.twitter.com/3udicr0J7h</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1866955641862098998?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42452127/nasdaq-breaks-20000-milestone-as-tech-rally-rate-cut-hopes-fuel-market-optimism">Nasdaq Surges Past 20,000 For First Time, Driven By Tech Gains And Rate Cut Hopes</a>
Why It Matters: The company&#8217;s momentum is evidenced by recent developments, including <a href="https://www.benzinga.com/news/legal/24/12/42292744/whats-going-on-with-palantir-technologies-stock-today-9">a $36.8 million expanded contract</a> with U.S. Special Operations Command and achieving FedRAMP High Authorization for its Federal Cloud Service.
Ives&#8217;s broader tech sector outlook predicts AI capital expenditure exceeding $1 trillion in 2025, with the industry potentially seeing a 25% overall growth. He anticipates reduced antitrust pressures following expected leadership changes at the Federal Trade Commission, potentially catalyzing a 50% increase in tech merger and acquisition activity.
Other notable predictions include Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) reaching $4 trillion market capitalizations, and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) potentially hitting $2 trillion in market value by the end of 2025.
Price Action: Palantir&#8217;s stock currently trades at $72.51, having risen significantly from its 52-week low of $15.66, according to <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Palantir Technologies Inc. has a consensus price target of $30.22 from 18 analysts. The highest target is $75, and the lowest is $7.50. Recent ratings from BofA Securities, Wedbush, and Goldman Sachs give an average target of $63.67, implying an 11.95% downside.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12001323/Screenshot-2024-12-12-at-10.41.32%E2%80%AFAM-1024x378.png" alt="" class="wp-image-688812" /></figure>
Read Next: 
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<li><a href="https://www.benzinga.com/24/12/42452165/bitcoin-ethereum-dogecoin-spike-after-inflation-data-matches-expectations-top-analyst-foresees-new-btc-ath-if-it-stays-above-this-level">Bitcoin, Ethereum, Dogecoin Spike After Inflation Data Matches Expectations: Top Analyst Foresees New BTC ATH If It Stays Above This Level</a></li>
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Palantir Positioned To Become 'The Next' Oracle In 2025, Says Dan Ives: 'Messi Of AI' Set For Breakout Year

CNBC&#8217;s Jim Cramer expressed strong buying conviction for Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) during Wednesday&#8217;s Lightning Round on &#8220;Mad Money,&#8221; as the streaming giant&#8217;s shares traded near $934 amid <a href="https://www.benzinga.com/markets/equities/24/12/42452127/nasdaq-breaks-20000-milestone-as-tech-rally-rate-cut-hopes-fuel-market-optimism">broader tech market strength</a>.
What Happened: Cramer&#8217;s <a href="https://www.cnbc.com/2024/12/11/cramers-lightning-round-netflix-is-a-buy.html">recommendation</a> comes as JPMorgan analyst Doug Anmuth raised his price target on Netflix to $1,010 from $850, citing robust subscriber growth and <a href="https://www.benzinga.com/news/24/12/42439988/why-netflix-stock-is-rising">expanding ad revenue</a>. 
The platform recently achieved a milestone with its Jake Paul vs. Mike Tyson boxing match, which became the most-streamed sporting event ever with 60 million households watching live.
Netflix&#8217;s ad-supported tier has reached 70 million monthly active users and is projected to hit 120 million by late 2025. The company is expected to add 10 million subscribers in the fourth quarter, according to JPMorgan&#8217;s estimates.
During the same Lightning Round, Cramer also endorsed Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), calling it &#8220;cheap&#8221; despite lagging behind NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). He expressed cautious optimism about Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) &#8220;even with the talc litigation,&#8221; while showing less enthusiasm for JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), which he described as &#8220;too much of a stretch.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42452127/nasdaq-breaks-20000-milestone-as-tech-rally-rate-cut-hopes-fuel-market-optimism">Nasdaq Surges Past 20,000 For First Time, Driven By Tech Gains And Rate Cut Hopes</a>
Why It Matters: The endorsement came during a historic day for tech stocks, as the Nasdaq Composite <a href="https://www.benzinga.com/markets/equities/24/12/42452127/nasdaq-breaks-20000-milestone-as-tech-rally-rate-cut-hopes-fuel-market-optimism">surpassed 20,000 points</a> for the first time, closing at 20,034, marking a 1.77% gain.
The stock picks came as <a href="https://www.benzinga.com/markets/equities/24/12/42452127/nasdaq-breaks-20000-milestone-as-tech-rally-rate-cut-hopes-fuel-market-optimism">the S&amp;P 500 rose 0.82% to 6,084</a>, though the Dow Jones Industrial Average declined by 99.27 points to 44,148.
Price Action: Netflix Inc&#8217;s stock price rose to $936.56, up 2.54% on Wednesday. After hours, the price remained unchanged. Year to date, the stock has surged by $468.06, marking an increase of 99.91%. 
According to <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">data from Benzinga Pro</a>, Netflix has a consensus price target of $810.45 from 29 analysts, with a high of $1100 and a low of $550. The latest ratings from JP Morgan, Citigroup, and Canaccord Genuity suggest an average target of $956.67, implying a 2.43% upside.
Netflix&#8217;s stock has increased from $450.76 to $935.27 over the 52 weeks, with a market capitalization of $399.25 billion and a P/E ratio of 51.63. Its RSI is currently at 73.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11212832/Screenshot-2024-12-12-at-7.57.40%E2%80%AFAM-1024x378.png" alt="" class="wp-image-688609" /></figure>
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Jim Cramer Bullish On Netflix Nearing $1,000 And AMD's 'Cheap' Valuation Despite Nvidia Dominance

With <a href="https://www.benzinga.com/quote/AVGO/earnings">fourth quarter results</a> set to be unveiled on Dec. 12, Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) is projected to deliver a standout performance. Rosenblatt analyst Hans Mosesmann expects a "beat and modest raise" for the quarter, driven by the company's surging AI-related silicon revenue and VMware upside.
Broadcom's AI networking revenue is forecast to hit $3.5 billion this quarter, growing 10% sequentially. &#8220;We see revenues being driven by AI-related silicon strength,&#8221; says Mosesmann.
The anticipated fourth quarter revenue of $14.0 billion would reflect a 51% year-over-year increase, solidifying Broadcom's position as an AI powerhouse.
Read Also: <a href="https://www.benzinga.com/news/contracts/24/12/42418681/broadcom-enhances-open-source-ecosystem-with-bitnami-premium-release">Broadcom Enhances Open-Source Ecosystem with Bitnami Premium Release</a>
<h2 class="wp-block-heading">2025 Outlook: AI Leads, But Non-AI Plays Recover</h2>
Looking ahead, Mosesmann foresees Broadcom guiding above consensus for the January quarter. With AI-related revenue expected to exceed $12 billion in 2024, the momentum doesn't stop there. 
He predicts, &#8220;Non-AI semiconductor revenue should continue its recovery in CY25, while Infrastructure Software is likely to be driven by VMware strength.&#8221;
<h2 class="wp-block-heading">ASICs Vs. GPUs: A Win For Both</h2>
The competitive landscape between Broadcom's custom ASICs and Nvidia Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) GPUs often sparks debate, but Mosesmann calls it &#8220;an apples-to-oranges comparison.&#8220; He adds, &#8220;We see AI ASICs outgrowing GPU compute over the next several years,&#8221; highlighting Broadcom's growth potential in AI acceleration, Gen AI and networking across Cloud and Edge.
<h2 class="wp-block-heading">A Strong Setup For 2025</h2>
Mosesmann reiterates his Buy rating on Broadcom with a $240 price target, backed by &#8220;a low-30s P/E multiple on our FY26 Non-GAAP EPS.&#8221; 
As Broadcom CEO Hock Tan emphasizes that AI compute will thrive on &#8220;open&#8221; industry connectivity standards, the company looks well-positioned for long-term success.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42439155/broadcom-stock-jumps-on-apple-ai-chip-report-whats-going-on">Broadcom Stock Jumps On Apple AI Chip Report: What&#8217;s Going On?</a></li>
</ul>
Photo: Shutterstock

Broadcom's AI Edge: 'Apples-to-Oranges Comparison' Shows ASICs Outgrowing GPUs, Says Analyst

The Magnificent Seven tech giants are rewriting the playbook on market dominance, with their combined market capitalization surging to <a href="https://www.benzinga.com/topic/magnificent-seven">an unprecedented $18.2 trillion.</a>
Five out of the seven juggernauts — Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) — smashed through record highs during Wednesday trading, solidifying their grip on the global stock market and fueling another strong rally in 2024.
The Roundhill Magnificent Seven ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NYSE">MAGS</a>), a closely watched benchmark for the group's market performance, surged 2.8% on Wednesday, setting a new all-time high.
Notably, Tesla shares soared to fresh all-time highs after surpassing the peak set in November 202. The EV-maker has gained 67% since the U.S. presidential election, thanks to its innovative ability to scale like a software company.
&#8220;Because Tesla can remotely update its fleet&#8217;s software, its ability to scale and grow are more similar to the other tech companies in the&nbsp;Magnificent-7&nbsp;than an auto manufacturer,&#8221; said Wall Street veteran investor Ed Yardeni in a note Wednesday. 
Alphabet led the day's rally with a 4.63% gain, while Apple lagged, showing a flat performance.
The elite group of tech giants has delivered an average return of 67.1% year-to-date, compared to a record-breaking 111.7% average return in 2023.
Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) were the only members of the elite group that did not hit new all-time highs during Wednesday's trading session.
Yet, Nvidia remains the standout performer with a staggering year-to-date gain of 182%, securing its position as the top performer in the Magnificent Seven.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Market Cap</td>
<td>All-time high</td>
<td>1-Day %chg</td>
<td>Total Return (YTD)</td>
<td>Total Return (2023)</td>
</tr>
<tr>
<td>Apple Inc.</td>
<td>$3.745 trillion</td>
<td>Dec. 11, 2024</td>
<td>-0.11%</td>
<td>29.38%</td>
<td>49.01%</td>
</tr>
<tr>
<td>NVIDIA Corporation</td>
<td>$3.417 trillion</td>
<td>Nov. 21, 2024</td>
<td>3.62%</td>
<td>182.08%</td>
<td>239.02%</td>
</tr>
<tr>
<td>Microsoft Corporation</td>
<td>$3.336 trillion</td>
<td>July 5, 2024</td>
<td>1.24%</td>
<td>20.17%</td>
<td>58.19%</td>
</tr>
<tr>
<td>Amazon.com, Inc.</td>
<td>$2.417 trillion</td>
<td>Dec. 11, 2024</td>
<td>2.18%</td>
<td>51.06%</td>
<td>80.88%</td>
</tr>
<tr>
<td>Alphabet Inc.</td>
<td>$2.374 trillion</td>
<td>Dec. 11, 2024</td>
<td>4.63%</td>
<td>38.41%</td>
<td>58.83%</td>
</tr>
<tr>
<td>Meta Platforms, Inc.</td>
<td>$1.597 trillion</td>
<td>Dec. 11, 2024</td>
<td>2.39%</td>
<td>79.09%</td>
<td>194.13%</td>
</tr>
<tr>
<td>Tesla, Inc.</td>
<td>$1.348 trillion</td>
<td>Dec. 11, 2024</td>
<td>4.68%</td>
<td>69.00%</td>
<td>101.72%</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>Total</td>
<td>$18.233 trillion</td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Median</td>
<td>$2.417 trillion</td>
<td></td>
<td></td>
<td>51.25%</td>
<td>80.88%</td>
</tr>
<tr>
<td>Average</td>
<td>$2.605 trillion</td>
<td></td>
<td></td>
<td>67.13%</td>
<td>111.68%</td>
</tr>
</tfoot>
</table>
</figure>
<h2 class="wp-block-heading">Latest Magnificent Seven Headlines</h2>
<ul>
<li><a href="https://www.benzinga.com/24/12/42446686/google-introduces-ai-agent-prototype-that-can-browse-the-web">Google Introduces AI Agent Prototype That Can Browse The Web</a></li>
<li><a href="https://www.benzinga.com/general/social-media/24/12/42446823/meta-platforms-suffers-major-outage-facebook-instagram-and-other-apps-down-for-thousands">Meta Platforms Suffers Major Outage: Facebook, Instagram And Other Apps Down For Thousands</a></li>
<li><a href="https://www.benzinga.com/tech/24/12/42443584/apple-strengthens-genai-with-ios-182-genmoji-image-playground-come-to-iphone">Apple Strengthens GenAI With iOS 18.2: Genmoji, Image Playground Come To iPhone</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42439155/broadcom-stock-jumps-on-apple-ai-chip-report-whats-going-on">Broadcom Stock Jumps On Apple AI Chip Report: What&#8217;s Going On?</a></li>
<li><a href="https://www.benzinga.com/news/legal/24/12/42444266/nvidia-loses-supreme-court-appeal-faces-continued-legal-battle-over-cryptocurrency-disclosure">Nvidia Loses Supreme Court Appeal, Faces Continued Legal Battle Over Cryptocurrency Disclosure</a></li>
<li><a href="https://www.benzinga.com/tech/24/12/42430502/tesla-tops-nvidia-and-apple-in-innovation-analyst-sees-significant-market-cap-upside-for-elon-musk-led-ev-giant">Tesla Tops Nvidia And Apple In Innovation: Analyst Sees Significant Market Cap Upside For Elon Musk-Led EV Giant</a></li>
<li><a href="https://www.benzinga.com/markets/equities/24/12/42429325/robotaxi-exit-to-clear-the-way-for-gm-to-license-tesla-fsd-says-gary-black-move-will-save-the-mary-barra-led-company-1b-a-year">Robotaxi Exit To &#8216;Clear The Way&#8217; For GM To License Tesla FSD, Says Gary Black — Move Will Save The Mary Barra-Led Company $1B A Year</a></li>
<li><a href="https://www.benzinga.com/24/12/42428505/google-asks-ftc-to-kill-microsofts-monopoly-over-hosting-openai-technology-on-its-cloud-servers-report">Google Wants FTC To Dismantle Microsoft&#8217;s Exclusive Cloud Hosting Deal With OpenAI: Report</a></li>
<li><a href="https://www.benzinga.com/24/12/42446686/google-introduces-ai-agent-prototype-that-can-browse-the-web">Google Introduces AI Agent Prototype That Can Browse The Web</a></li>
</ul>
Image: Shutterstock

Sector ETFs

ETFs

MAGS

Magnificent Seven Tech Titans Hit $18.2 Trillion Market Cap: Alphabet, Amazon, Apple, Meta, Tesla Jointly Notch All-Time Highs

U.S. Rep. Morgan McGarvey (D-Ky.) recently disclosed he bought and sold shares of Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) in November, with the transactions occurring shortly after Donald Trump won the <a href="https://www.benzinga.com/general/social-media/24/11/41784933/donald-trumps-wealth-soars-with-2024-election-win-heres-how-much-president-elect-is-worth-ho">2024 presidential election.</a>
What Happened: McGarvey, who has been outspoken throughout the year about Trump, disclosed that he bought shares of the company co-founded by Trump, as shown on the Benzinga <a href="https://www.benzinga.com/gov-trades/members/morgan-mcgarvey">Government Trades page.</a>
Benzinga has contacted both McGarvey and Trump Media &amp; Technology group for comment on this story.
The Representative disclosed the following transactions on Dec. 10:
<ul>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): Sold $1,000 to $15,000</li>
<li>Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>): Sold $1,000 to $15,000</li>
<li>Interactive Brokers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>): Sold $1,000 to $15,000</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): Sold $1,000 to $15,000</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>): Sold $1,000 to $15,000, Sold $1,000 to $15,000, Sold $1,000 to $15,000, Sold $1,000 to $15,000, Sold $15,000 to $50,000 (five separate transactions)</li>
<li>Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>): Sold $1,000 to $15,000</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): Sold $1,000 to $15,000</li>
<li>Trump Media &amp; Technology: Bought $1,000 to $15,000, Sold $1,000 to $15,000</li>
</ul>
All of the transactions were made on Nov. 13, with the exception of DJT, with the buy date listed as Nov. 6 and the sale date listed as Nov. 8.
In the notes sections on the filing, McGarvey said DJT was "purchased without knowledge of filer or spouse." The notes also said that DJT stock was sold for a loss, as <a href="https://www.quiverquant.com/congresstrading/politician/Morgan%20McGarvey-M001220">reported </a>by Quiver Quant.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent121124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The timing of the transaction, which occurred the day after the 2024 election was won by Trump, and the fact that McGarvey is a Democratic member of Congress will likely put a large spotlight on this transaction.
DJT stock <a href="https://www.benzinga.com/news/earnings/24/11/41760961/djt-stock-volatile-on-election-day-donald-trumps-media-company-reports-q3-earnings-growth-initiativ">saw huge volatility</a> and a price increase in the lead up to the 2024 presidential election on Nov. 5. McGarvey's buy transaction took place on Nov. 6, the day after the election.
DJT stock traded between $34.13 and $45.77 on Nov. 6 when the shares were bought. On Nov. 8, when shares were sold, DJT stock traded between $26.70 and $33.03. Shares trade at $34.14 at the time of writing Wednesday. 
The DJT trade could contradict McGarvey&#8217;s outspoken stance on Trump.
"In America, no one is above the law. Donald Trump, the convicted felon, is the presumptive Republican nominee for president and he is unfit to serve in any public office, especially the President of the United States," McGarvey <a href="https://mcgarvey.house.gov/media/press-releases/congressman-morgan-mcgarveys-statement-on-former-president-trump-found-guilty-on-all-34-felony-charges">said </a>back in May when Trump was found guilty on 34 felony charges.
In July, McGarvey also <a href="https://mcgarvey.house.gov/media/press-releases/congressman-morgan-mcgarveys-statement-on-dismissal-of-trumps-classified-documents-case">shared </a>comments on the dismissal of Trump's classified documents case.  
While McGarvey saw a loss in the DJT trade, he likely profited from selling the Tesla shares. McGarvey reported purchasing Tesla stock on Oct. 25, when shares were priced between $255.32 and $269.49. By Nov. 13, Tesla traded in the range of $322.50 to $344.60, and as of now, the stock stands at $411.52.
U.S. Rep. Marjorie Taylor Greene (D-Ga.) <a href="https://www.benzinga.com/government/24/09/41031499/marjorie-taylor-greene-stays-loyal-to-trump-keeps-djt-stock-buys-into-warren-buffetts-berkshire-in-l">previously disclosed buying</a> shares of Digital World Acquisition back in October 2021, the SPAC that took the media company public in March 2024.
The transaction was done with shares trading between $67.96 to $118.80. A tweet from UnusualWhales pins the purchase price at $94.20, meaning Greene is down significantly on her $15,000 to $50,000 purchase of the Trump-linked stock.
DJT Price Action: Trump Media &amp; Technology stock traded at $34.15 Wednesday, versus a 52-week trading range of $11.75 to $79.38.
Read Next: 
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Photo: Shutterstock

Politics

IBKR

SCHW

SHEL

Democratic Congressman Bought DJT Stock After 2024 Election, Months After Saying Donald Trump 'Unfit To Serve'

Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is walking a tightrope this week, with its spot on the <a href="https://www.benzinga.com/topic/nasdaq-100">Nasdaq 100 Index</a> hanging in the balance. 
As the index reshuffles its lineup every December, the San Jose, California-based firm finds itself on the potential chopping block, alongside other underperforming stocks like Moderna Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) and Biogen Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>).
Super Micro Computer benefitted from the surging demand for artificial intelligence infrastructure. At one point, it boasted a market cap of $67 billion. But a recent auditing scandal <a href="https://www.benzinga.com/24/12/42290180/cleared-of-fraud-but-super-micros-visibility-into-compliance-remains-low-says-analyst">caused its market cap to plummet</a>; it&#8217;s currently hovering at just below $20.4 billion.
Ernst &amp; Young flagged governance issues, sparking investor concerns, though a special committee later concluded these claims lacked sufficient evidence.
Super Micro Computer CEO Charles Liang expressed confidence at the Reuters NEXT conference, assuring investors that the company will meet its financial filing deadlines and remain on track for a February resolution.
Liang emphasized Super Micro&#8217;s robust relationships with major clients like xAI and Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which could help stabilize its trajectory.
Read Also: <a href="https://www.benzinga.com/markets/24/12/42432508/smci-stock-drops-in-pre-market-despite-super-micro-ceos-assurance-against-delisting-whats-going-on">SMCI Stock Drops In Pre-Market Despite Super Micro CEO&#8217;s Assurance Against Delisting: What&#8217;s Going On?</a>
<h2 class="wp-block-heading">Super Micro Computer Stock Chart Raises Questions</h2>
The technical charts, however, tell a mixed story. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="627" height="487" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11132847/Screenshot-2024-12-11-at-11.58.31-PM.png" alt="" class="wp-image-688046" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11132847/Screenshot-2024-12-11-at-11.58.31-PM.png 627w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11132847/Screenshot-2024-12-11-at-11.58.31-PM-300x233.png 300w" sizes="(max-width: 627px) 100vw, 627px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Super Micro Computer stock, at $37.95, is trading below its eight-day simple moving average (SMA) of $41.47, signaling short-term selling pressure. Yet, its 20-day SMA of $33.38 and 50-day SMA of $37.10 suggest medium-term strength, offering a glimmer of hope.
Still, the long-term picture looks bleak with a 200-day SMA at $67.21—a stark reminder of the stock's fall from grace.
<h2 class="wp-block-heading">JPMorgan's Take</h2>
Despite market skepticism, JPMorgan sees stability in Super Micro's order book and customer base. The firm highlighted "robust" orders and no signs of significant customer churn. 
With Nvidia's Blackwell product line gearing up for a major ramp in late fiscal 2025, the company&#8217;s role in AI infrastructure could prove pivotal.
<h2 class="wp-block-heading">The Verdict</h2>
While Super Micro clings to the hope of staying on the Nasdaq 100, Friday&#8217;s decision will likely hinge on its market value relative to stronger contenders like Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) and MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>). The clock is ticking for SMCI to prove it still belongs among tech&#8217;s elite.
Stay tuned — Friday the 13th could mark a turning point for this embattled AI infrastructure pioneer.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/legal/24/12/42444582/albertsons-puts-an-end-to-merger-deal-sues-kroger-following-court-ruling-we-believe-strongly-in-the-merits-of-our-case">Albertsons Puts End To Merger Deal, Sues Kroger Following Court Ruling: &#8216;We Believe Strongly In The Merits Of Our Case&#8217;</a></li>
</ul>
Image: Shutterstock

BIIB

MRNA

Super Micro Computer Teeters On Edge Of Nasdaq 100: Can xAI, Nvidia Help Stabilize Trajectory?

<a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42436676/inflation-rises-as-expected-in-november-sustain-hopes-for-next-weeks-fed-interest-rate-cut">An inline November inflation report</a> unleashed a surge of bullish momentum across markets on Wednesday.
Traders priced in near-certainty of a 25-basis-point rate cut at next week's Federal Reserve meeting, fueling optimism for a<a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42436676/inflation-rises-as-expected-in-november-sustain-hopes-for-next-weeks-fed-interest-rate-cut"> more accommodating monetary policy.</a>
The Consumer Price Index rose by 2.7% year-over-year in November, matching expectations. Core inflation — excluding volatile items such as energy and food — remained steady at 3.3%.
Tech stocks took center stage as the Nasdaq 100 rallied 1.7%, notching a fresh record high and logging its best session in over a month. The so-called &#8220;Magnificent Seven&#8221; mega-cap stocks were the driving force behind the gains.
The Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>) jumped 2.6%, its best performance since Nov. 6, eyeing its eighth positive session in the last nine trading days.
Six of the seven mega-cap tech giants hit record highs, with the group's combined market cap reaching a staggering $17.3 trillion. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) was the sole exception among the elite names.
The S&amp;P 500 joined the rally, climbing 0.9% and nearing its all-time highs. Small-cap stocks added 0.7%, while the Dow Jones Industrial Average remained flat, lagging behind its peers.
Improving rate-cut expectations — fed futures now almost fully pricing in a 25-basis-point rate cut next week — supported gold, with the yellow metal rising 0.9% to 2,717 per ounce, heading for a fourth straight session of gains.
Bullish sentiment returned to the crypto market, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallying 4% to above $100,000 again, almost erasing losses from prior two sessions. 
Oil prices rose more than 2% on Wednesday, even as OPEC downgraded its global demand outlook for both 2023 and 2024.
<h3 class="wp-block-heading">Wednesday&#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 %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,744.29</td>
<td>1.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,088.08</td>
<td>0.9%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,398.19</td>
<td>0.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,268.39</td>
<td>0.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120224&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 0.9% to $608.33.</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;flattened at $444.28.</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>) rallied 1.8% to $529.86.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.9% to $238.38.</li>
<li>The&nbsp;Communication Services Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) and the Consumer Discretionary Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, both rising 1.6%; the&nbsp;Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 1.1%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) rallied 4.4% after the tech giant announced the launch of <a href="https://www.benzinga.com/media/24/11/42030331/heres-when-google-gemini-could-be-integrated-with-apple-intelligence">Gemini 2.0 AI model</a>.</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) soared 5.7%, ahead of its earnings report slated for <a href="https://www.benzinga.com/24/12/42396941/broadcom-likely-for-upside-backed-by-ai-pipeline-market-recovery-vmware-synergy-as-key-ai-semiconductor-and-custom-chip-supplier">Thursday after market closes</a>.</li>
<li>Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) dropped 6.5% after surging 17% on Tuesday, following <a href="https://www.benzinga.com/24/12/42431136/walgreens-stock-pulls-back-326-in-pre-market-trading-as-wall-street-veterans-debate-private-equity-deal-value-amid-sycamore-partners-takeover-talks">reports of a $7.5 billion sale</a> negotiation with Sycamore Partners.</li>
<li>Gamestop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) rallied over 9% in <a href="https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year">reaction to earnings report</a>.</li>
<li>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) rose 0.4% in anticipation of its quarterly results, set to be released after market close.</li>
</ul>
Now Read: 
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<li><a href="https://www.benzinga.com/news/legal/24/12/42444266/nvidia-loses-supreme-court-appeal-faces-continued-legal-battle-over-cryptocurrency-disclosure">Nvidia Loses Supreme Court Appeal, Faces Continued Legal Battle Over Cryptocurrency Disclosure</a></li>
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Image: Shutterstock

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The U.S. Supreme Court dismissed Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) appeal Wednesday of a lower court ruling on <a href="https://www.benzinga.com/topic/legal">a securities fraud lawsuit</a>.
The case, brought by Swedish investment firm E. Ohman J:or Fonder AB, accuses the chipmaker of misleading investors about the extent of its cryptocurrency-related sales.
This decision allows the lower court&#8217;s ruling, which revived the 2018 class action, to stand, Reuters reports.
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The plaintiffs allege that Nvidia and its CEO Jensen Huang downplayed the impact of cryptocurrency sales on the company&#8217;s revenue during 2017 and 2018. After <a href="https://www.benzinga.com/news/legal/24/11/41960485/nvidias-crypto-past-returns-to-haunt-as-supreme-court-signals-green-light-for-lawsuit" target="_blank" rel="noreferrer noopener">cryptocurrency profitability declined</a>, Nvidia&#8217;s revenues missed projections, causing its stock price to drop by 28%.
As digital currencies like Bitcoin and Ethereum surged, Nvidia&#8217;s graphics chips gained popularity among cryptocurrency miners. Yet as crypto profitability declined in late 2018, Nvidia&#8217;s revenue fell below projections, leading to a drop in its stock price.
The Supreme Court&#8217;s <a href="https://www.supremecourt.gov/opinions/24pdf/23-970_2dq3.pdf" target="_blank" rel="noreferrer noopener">one-line order did not give further detail</a>. Nvidia argued the plaintiffs failed to prove the company&#8217;s statements were false or intentionally misleading.
Without admitting wrongdoing, Nvidia previously agreed to a $5.5 million settlement with U.S. regulators in 2022 over similar disclosure issues.
According to the Reuters report, President Joe Biden supported the shareholders in the case.
Nvidia stock has surged 174% year-to-date thanks to the artificial intelligence frenzy. Bitcoin has gained 138%. Nvidia surged 2,436% in the last five years compared to Bitcoin&#8217;s 1,292%.
NVDA Price Action: NVDA stock is up 2.5% at $138.45 at the last check on Wednesday.
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Photo via Shutterstock.

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