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Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.

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As the curtain rises on the iPhone 16 Series, Apple enthusiasts are buzzing with anticipation. However, JPMorgan analyst Samik Chatterjee suggests that while the hype is palpable, the initial momentum for high-end models appears muted compared <a href="https://www.benzinga.com/quote/AAPL/news">to past launches</a>. 
<h2 class="wp-block-heading">iPhone 16: &#8216;Launch Lacking Early Momentum&#8217;</h2>
Chatterjee highlights that the rollout has faced a slight hiccup, primarily due to the unavailability of AI capabilities, which seems to be causing a pause among potential buyers.
In Chatterjee&#8217;s latest insights, he points out, "Early signs are indicating a robust product cycle; albeit, with the launch lacking early momentum for the high-end models." This may prompt consumers to hold off on their purchases until they can fully grasp the AI value proposition. 
As a result, JPMorgan has adjusted its near-term iPhone unit forecast, now estimating about 126 million iPhones sold in the second half of 2024, down from 130 million previously.
Read Also: <a href="https://www.benzinga.com/news/24/10/41146507/apples-iphone-16-series-leads-growth-but-high-end-model-preference-declines-analyst">Apple&#8217;s iPhone 16 Series Leads Growth, But High-End Model Preference Declines: Analyst</a>
<h2 class="wp-block-heading">Medium-Term Prospects Are Bullish, Says Apple Analyst</h2>
Despite these short-term adjustments, Chatterjee maintains a bullish outlook on the medium-term prospects for Apple. He asserts, "We continue to forecast aggregate volumes for the 16 Series over the next four quarters to track ahead of both the 15 and 14 Series," indicating a confidence that consumer appetite for AI-integrated features will ramp up once they become widely available.
<h2 class="wp-block-heading">Long-Term Upside Is Evident</h2>
The analyst's enthusiasm for the long-term potential is underpinned by expectations of a robust AI upgrade cycle. "We see upside in several aspects of the business&#8230; transformation of the company to Services, growth in the installed base, technology leadership, and optionality around capital deployment," he said
With this optimism, JPMorgan reiterates its price target for Apple at $265 by December 2025.
Investors might feel a pinch in the near term, as the excitement around AI upgrades may not translate into immediate sales.
But, as Chatterjee aptly puts it, "The slower start to the AI cycle than originally anticipated" is just a temporary roadblock to growth. The real treasure, he believes, lies just beyond the horizon as Apple continues to evolve and innovate.
While the iPhone 16 Series may not be breaking records just yet, the groundwork for a significant AI upgrade cycle is being laid, promising a future where Apple once again dazzles its fans and investors alike.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/asia/24/10/41141152/cramer-says-hot-money-flowing-from-nvidia-apple-into-china-focus-on-alibaba-if-you-must">Cramer Says &#8216;Hot Money&#8217; Flowing From Nvidia, Apple Into China, Focus On Alibaba &#8216;If You Must&#8217;</a></li>
</ul>
Photo: Shutterstock

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Apple Analyst Signals 'Slower Start To The AI Cycle' As iPhone 16 Demand Softens

Each trading day features hundreds of headlines and press releases on Benzinga Pro, a source for traders to see the latest news on the overall market&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100224&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">and individual tickers.</a>
Here is a look at the most-searched stocks on Benzinga Pro for September 2024. Current prices and year-to-date performance are based on Sept. 30 and do not include dividends.
1. NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
<ol></ol>
<ol></ol>
<ol></ol>
<ol></ol>
<ul>
<li>Current Price: $121.44</li>
<li>52-Week Range: $39.23 to $140.76</li>
<li>Year-to-Date Return: +152.1%</li>
<li><a href="https://www.benzinga.com/top-stories/24/07/39579249/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-june-where-do-nvidia-gamestop-tesla-apple">June</a>/<a href="https://www.benzinga.com/top-stories/24/08/40119459/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-july-2024-where-do-tesla-nvidia-apple-crow">July</a>/<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40691773/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-august-2024-where-do-tesla-n">August </a>Ranking: 1st/2nd/1st</li>
</ul>
2. SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)
<ul>
<li>Current Price: $573.76</li>
<li>52-Week Range: $409.22 to $574.71</li>
<li>Year-to-Date Return: +21.4%</li>
<li>June/July/August Ranking: 3rd/3rd/2nd</li>
</ul>
3. Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
<ul>
<li>Current Price: $261.63</li>
<li>52-Week Range: $138.80 to $271.00</li>
<li>Year-to-Date Return: +5.3%</li>
<li>June/July/August Ranking: 4th/1st/3rd</li>
</ul>
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100224">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
4. Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)
<ul>
<li>Current Price: $233.00</li>
<li>52-Week Range: $164.08 to $237.23</li>
<li>Year-to-Date Return: +25.5%</li>
<li>June/July/August Ranking: 5th/7th/6th</li>
</ul>
5. Wheeler Real Estate Investment Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLR#NASDAQ">WHLR</a>)
<ul>
<li>Current Price: $8.09</li>
<li>52-Week Range: $2.90 to $1,126.80</li>
<li>Year-to-Date Return: -92.8%</li>
<li>June/July/August Ranking: Not in Top 20 in any</li>
</ul>
6. Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)
<ul>
<li>Current Price: $488.07</li>
<li>52-Week Range: $342.35 to $503.52</li>
<li>Year-to-Date Return: +21.2%</li>
<li>June/July/August Ranking: 11th/11th/9th</li>
</ul>
7. Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)
<ul>
<li>Current Price: $416.40</li>
<li>52-Week Range: $226.59 to $1,229.00</li>
<li>Year-to-Date Return: +45.9%</li>
<li>June/July/August Ranking: 10th/19th/4th</li>
</ul>
8. Galmed Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLMD#NASDAQ">GLMD</a>)
<ul>
<li>Current Price: $6.86</li>
<li>52-Week Range: $2.73 to $23.80</li>
<li>Year-to-Date Return: +29.9%</li>
<li>June/July/August Ranking: Not in Top 20 in any</li>
</ul>
9. Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)
<ul>
<li>Current Price: $23.46</li>
<li>52-Week Range: $18.51 to $51.28</li>
<li>Year-to-Date Return: -50.9%</li>
<li>June/July/August Ranking: Not in Top 20 in any</li>
</ul>
10. Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>)
<ul>
<li>Current Price: $8.05</li>
<li>52-Week Range: $2.09 to $13.25</li>
<li>Year-to-Date Return: +241.1%</li>
<li>June/July/August Ranking: Not in Top 20/Not in Top 20/20th</li>
</ul>
Honorable Mentions:&nbsp;The following stocks were the 11th&nbsp;to 20th&nbsp;most-searched tickers on&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;in September 2024.
11. Summit Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>)
12. Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)
13. Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)
14. Tenon Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNON#NASDAQ">TNON</a>)
15. CN Energy Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNEY#NASDAQ">CNEY</a>)
16. Quhuo Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QH#NASDAQ">QH</a>)
17. ENDRA Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>):
18. Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>)
19. Immuneering Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMRX#NASDAQ">IMRX</a>)
20. Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
Why It&#8217;s Important:&nbsp;Nvidia was the top searched stock on Benzinga Pro for the month of September once again. The stock has ranked first or second for every month tracked since February, sometimes alternating with SPY or Tesla.
The SPDR S&amp;P 500 ETF Trust ranked second for a second straight month, which comes as the S&amp;P 500 tracking index hit new all-time highs in the month of September.
Tesla, which topped the month of July, has ranked third for two straight weeks. The stock has ranked among the top four stocks searched in each month tracked in 2024.
The bigger story in September were the newcomers and the stocks that dropped off.
Newcomers to the top 10 included Wheeler Real Estate, Galmed, Intel and Intuitive. Of the four stocks, only Intuitive had ranked in the top 20 over the last three months. The newcomers all had catalysts in the last month that made their stocks highly volatile.
On the 11th through 20th portion of the list, the stocks were all different from the previous month with Intuitive moving to the top 10 and Palantir going from 7th to 12th and the other stocks all new to the top 20.
Several of the companies ranked in the bottom part of the top 20 are penny stocks trading at less than $5 per share that saw wide moves that saw increased interest from Benzinga traders.
One of the bigger names to make the top 20, by name recognition, is Trump Media &amp; Technology Group, the company that counts former President Donald Trump as a co-founder. The stock has been highly volatile during the 2024 election cycle.
Dropping out of the top 10 were Lumen Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>), Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Geovax Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOVX#NASDAQ">GOVX</a>) and the aforementioned Palantir.
Other big names that exited the top 20 include Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) that was 13th in August and fell to 24th to narrowly miss the list.
Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), which has frequently appeared in the top 20 and was ranked 15th in August dropped out of the top 20.
Overall the month of September saw six of the same top 10 tickers from August and eight of the top 20 tickers from August.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/exclusives/24/07/39603613/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-first-half-2024-where-do-nvidia-tesla-pala">EXCLUSIVE: Top 10 Most Searched Tickers On Benzinga Pro In First Half 2024 – Where Do Nvidia, Tesla, Palantir, GameStop Rank?</a></li>
</ul>
Image: Shutterstock

Exclusives

AMZN

APLD

CNEY

GLMD

GOVX

IMRX

INTC

LUMN

LUNR

NDRA

SMCI

SMMT

TNON

TSLA

WHLR

EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In September 2024 – Where Do Tesla, Nvidia, Apple, DJT Stock Rank?

OpenAI has secured more than $6.5 billion in new funding at a valuation of $157 billion as it looks to increase its lead in the <a href="http://benzinga.com/topic/ai">artificial intelligence space</a>.
What Happened: OpenAI on Wednesday announced that it raised $6.6 billion at a post-money valuation of $157 billion to accelerate progress on&nbsp;AI research, increase compute capacity and continue building tools to solve complex problems. OpenAI was valued around <a href="https://www.benzinga.com/news/24/02/37191268/openai-employees-given-green-light-to-sell-shares-at-whopping-86b-valuation-report">$86 billion earlier this year</a> when employees opted to offload existing shares. 
&#8220;Across industries, businesses are improving productivity and operations, and developers are leveraging our platform to create a new generation of applications. And we're only getting started,&#8221; the AI company said in a statement.
OpenAI&#8217;s ChatGPT is the fastest-growing consumer application in history, as it was estimated to have reached 100 million monthly active users within two months of launch. The company was seeing an average of about 13 million unique visitors per day at that time, per Reuters.
OpenAI said Wednesday that more than 250 million people across the globe are currently using ChatGPT daily to enhance their work, creativity and learning. 
See Also: <a href="https://www.benzinga.com/news/24/09/41087674/openais-searchgpt-set-to-disrupt-googles-search-empire-as-former-engineer-sounds-alarm-on-deteriorat">OpenAI&#8217;s SearchGPT Set To Disrupt Google&#8217;s Search Empire As Former Engineer Sounds Alarm On Deteriorating User Experience Amid Rising Competition</a>
Why It Matters: According to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-10-02/openai-has-closed-new-funding-round-raising-over-6-5-billion?srnd=homepage-americas&amp;sref=TBDibEcD">report</a> citing people familiar with the matter, OpenAI&#8217;s new funding deal is one of the largest private investments ever alongside SpaceX and TikTok parent ByteDance.
The funding was reportedly <a href="https://www.benzinga.com/news/financing/24/08/40614817/openai-on-cusp-of-raising-billions-in-new-venture-capital-round-valuation-spikes-to-100b-report">led by</a>&nbsp;Thrive Capital. Previous reports suggested the venture capital firm would invest at least $1 billion. OpenAI was also reportedly in <a href="https://www.benzinga.com/news/24/08/40636153/apple-in-talks-to-invest-in-openai-as-chatgpt-makers-valuation-climbs-to-100b-report">funding talks</a> with 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>). 
Apple ended up pulling out of discussions early, but separate reports suggested <a href="https://www.benzinga.com/news/24/10/41134540/after-apple-reportedly-backed-out-softbank-eyes-500m-investment-in-chatgpt-parent-pushing-valuation">SoftBank</a> was looking to step into the deal. Microsoft has been the main backer of OpenAI to date, having invested $13 billion in the AI company over the past five years.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41134540/after-apple-reportedly-backed-out-softbank-eyes-500m-investment-in-chatgpt-parent-pushing-valuation">After Apple Reportedly Backed Out, SoftBank Eyes $500M Investment In ChatGPT Parent, Pushing Valuation To $150B</a></li>
</ul>
Photo: Shutterstock

Financing

Movers

OpenAI Valuation Soars To $157B In Latest Funding Round

JPMorgan analyst Samik Chatterjee maintained an Overweight rating on Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a price target of $265.
Chatterjee recently surveyed to gauge consumer appetite relative to their interest in purchasing a new iPhone and Apple Watch, including the latest generation products launched in September.
Consumer feedback confirmed his outlook for the iPhone 16 series, which includes a more robust cycle led by higher interest from both upgraders and switchers.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41143369/apple-to-launch-budget-iphone-in-2025-aims-for-market-share-gains-from-huawei-and-xiaomi" rel="noreferrer noopener">Apple To Launch Budget iPhone in 2025, Aims for Market Share Gains from Huawei and Xiaomi</a>
However, the analyst said upgraders show a lower preference for high-end models than the prior year.&nbsp;&nbsp;
Chatterjee noted that, in line with global trends, consumers polled in critical geographies, the U.S. and China, expressed greater interest in purchasing a new iPhone in 2024 than in 2023.
He noted the top reasons for buying a new iPhone continue to be a faster device and 5G connectivity, similar to the results for the iPhone 15 Series a year ago. Interestingly, Apple Intelligence features did not make it to the top five reasons to buy the new iPhone but were the sixth top reason, and the analyst noted the staggered launch and limited availability of features for consumers to try are driving this trend.
Chatterjee noted the Pro Max model remained the most popular iPhone among consumers, underscoring the preference for the latest "high-end" models in the iPhone line-up. That said, the aggregate popularity of the high-end models within the 16 Series is modestly lower compared to the 15 series a year ago. Preference for high-end phones within the 16 series is modestly lower relative to the prior cycle across both the U.S. and China, particularly in China, he flagged.
He said Samsung continues to be the dominant smartphone OEM outside of Apple, while Huawei continues to show dominance in China. The analyst noted a large majority of Android users surveyed in China showed an appetite to switch to Apple.
AAPL Price Action: Apple stock is up 0.29% at $226.83 at publication Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/government/24/10/41140484/taiwan-semiconductor-has-soared-96-but-geopolitical-risks-persist" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Has Soared 96% But Geopolitical Risks Persist</a></li>
</ul>
Photo: Courtesy Apple

Price Target

Reiteration

Apple's iPhone 16 Series Leads Growth, But High-End Model Preference Declines: Analyst

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/10/2024-10-02_09h01_16.png" alt="" style="width:624px" /></figure>
<h4 class="wp-block-heading">The Power Of Missile Defense</h4>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-raytheon-missile-defense-iron-dome-patriot-rtx-mc-10022024">click here</a> for an enlarged chart of Rtx Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock. The chart of RTX stock is being used to illustrate the point.</li>
<li>Yesterday, Iran fired about 180 ballistic missiles on Israel.  Israel and the U.S. were able to intercept most of these missiles with missile defense systems. These missiles reached Israel in 12 minutes. The defense was impressive considering there were no fatalities.</li>
<li>What happened in Israel yesterday shows the power of missile defense systems and illustrates the opportunity for investors in missile defense stocks.</li>
<li>As full disclosure, RTX is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio. RTX is The Arora Report's favorite missile defense stock.&nbsp;</li>
<li>The chart shows that RTX has broken out on the success of missile defense in Israel.</li>
<li>RTX is a joint developer of the Iron Dome used in Israel. RTX is best known for its Patriot Air And Missile Defense System.  RTX also produces several other missile defense systems and aircraft engines.</li>
<li>RTX entered The Arora Report portfolio when the stock experienced a massive drop on the news of cracks in Pratt &amp; Whitney engines. The Arora Report uses over 50 different strategies. RTX belongs to the strategy of buying a good company where the stock is down due to a fixable technical problem.</li>
<li>The chart shows the power of buy zones.  Buy zones allow investors to buy stocks and ETFs when the probability adjusted risk reward is more favorable.  Risk and reward are two sides of the same coin in investing. Smart money focuses on risk adjusted returns. In contrast, the momo crowd focuses only on rewards – the result is that the momo crowd goes through volatile cycles of making money and losing money, and in the end, accumulating far less than smart money.</li>
<li>The chart illustrates the power of a billionaire and hedge fund technique known as a trade around position.&nbsp; A trade around position can dramatically increase profits and reduce risks.</li>
<li>The chart shows that the RTX trade around position was started at an average of $80.70. The position has over 50% gain as of this writing.  The trade around position is separate and distinct from the core position.</li>
<li>Peace is not about to break out in the world.&nbsp; As such, all investors should consider a defense stock or ETF in their portfolio.</li>
<li>For those interested in ETFs, The Arora Report&#8217;s ETF of choice is iShares US Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>).&nbsp; As full disclosure, ITA is in The Arora Report&#8217;s ZYX Allocation Model Portfolio.&nbsp;</li>
<li>Automatic Data Processing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>) is the largest private payroll processor in the country.&nbsp; ADP uses its data to provide a glimpse of the employment picture ahead of the official jobs report that will be released on Friday.&nbsp; ADP employment change came at 143K vs. 120K consensus.&nbsp; This indicates that the jobs picture is staying strong.</li>
<li>Previously, JOLTS job openings came at 8.04M, higher than expectations.</li>
<li>&nbsp;ISM Manufacturing Index came at 47.2 vs. 47.4 consensus.</li>
</ul>
<h3 class="wp-block-heading">Buying Stampede</h3>
Stocks are experiencing a once in a century buying stampede in Hong Kong.  Stocks in Hong Kong rose 7%. Property developers rose 47%, and broker stocks rose 35%.  As full disclosure, Hong Kong ETF iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) is in The Arora Report&#8217;s ZYX Emerging.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are neutral in 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>).
In the early trade, money flows are negative in &nbsp;Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), 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>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
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>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>). The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is seeing selling along with junk stocks.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
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. 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. 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. 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.  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. High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
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>.

Market Summary

ETFs

$BTC

GOOG

iShares Dow Jones US Aerospace & Defense Index Fund

Opportunity In Missile Defense Stocks, Once In A Century Buying Stampede In Hong Kong

Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is nearing the launch of a budget smartphone by 2025 to regain market share lost to Huawei&nbsp;Technologies Co and Xiaomi Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>).
Apple iPhone&#8217;s market share in China <a target="_blank" href="https://www.benzinga.com/news/24/09/40823119/china-is-eating-apples-lunch-where-smartphone-maker-ranks-vs-asian-competitors" rel="noreferrer noopener">slipped to 14%</a>, down from third to sixth place in the second quarter. Huawei bagged the fourth position, and&nbsp;Xiaomi&nbsp;came fifth.
Vivo&nbsp;emerged as the number one brand, OPPO remained second, and HONOR came third in China. Canalys attributed the local brands&#8217; success to the early discounts and promotions, integration of generative artificial intelligence, and their collaboration with regional supply chains.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41139084/nvidia-expands-ai-offerings-with-new-open-source-models-and-unreal-engine-5-plugins" rel="noreferrer noopener">Nvidia Expands AI Offerings with New Open-Source Models and Unreal Engine 5 Plugins</a>
Apple is nearing production of an updated iPhone SE dubbed V59 that will become its new entry-level model, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-10-01/apple-readies-iphone-se-4-upgraded-ipad-air-for-early-2025?srnd=homepage-asia&amp;sref=TBDibEcD" rel="noreferrer noopener">cites</a> familiar sources.
Reportedly, Apple will transition to an edge-to-edge screen, removing the old home button design. The new SE phone will likely support Apple Intelligence.
Needham&nbsp;analyst Laura Martin&nbsp;expects 89%- 96% of Apple&#8217;s 2025 revenue to depend <a target="_blank" href="https://www.benzinga.com/news/24/09/41005053/apple-iphone-to-fuel-96-of-2025-revenue-analyst-says-a-safer-bet-than-ai-heavy-amazon-alphabet-micro" rel="noreferrer noopener">on iPhone sales</a>, underscoring the importance of Apple&#8217;s smartphone strategy.
Apple is also considering iPad upgrades. The company&#8217;s new iPad Air models, dubbed J607 and J637, will likely launch in 2025. A new iPad mini, dubbed J410, will be available by the end of 2024.
Apple&#8217;s updated models include a&nbsp;revamped Mac mini, updated MacBook Pros, and iMacs with the M4 processor and Apple Intelligence features.
However, Barclays analyst Tim Long flagged a <a target="_blank" href="https://www.benzinga.com/news/24/10/41127362/apples-iphone-16-cycle-faces-headwinds-analyst-warns-of-weaker-demand-macro-pressures-potential-earl" rel="noreferrer noopener">potential 3 million</a> iPhone unit cut for the December quarter due to demand weakness.
Apple stock is up over 30% in the last 12 months. Investors can gain exposure to the stock through iShares Global Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IXN#NYSE">IXN</a>)
and Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>).
Price Action: AAPL stock is down 0.23% at $225.69 at the last check on Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41124391/qualcomm-partners-with-stmicroelectronics-to-boost-ai-powered-iot-connectivity" target="_blank" rel="noreferrer noopener">Qualcomm Partners With STMicroelectronics To Boost AI-Powered IoT Connectivity</a></li>
</ul>
Image via Shutterstock

Media

iShares Trust S&P Global Information Technology Sector Index Fund

XIACF

XIACY

Apple To Launch Budget iPhone in 2025, Aims for Market Share Gains from Huawei and Xiaomi

Jim Cramer is sounding the alarm, but not in the way you might expect. For those bullish on Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Cramer's latest take might be <a href="https://www.benzinga.com/topic/jim-cramer">hard to swallow</a>.
<h2 class="wp-block-heading">Hot Money Streaming Out Of Nvidia, Apple</h2>
In a tweet, Cramer said, &#8220;The hot money is streaming out of Nvidia and Apple and into China. Let it stream. Do not defend these now. Let this money leave. On China only BABA has actual fundamentals if you must&#8230; But let it rain here. Get all of these short Nvidia options and ETFs to play out.&#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">The hot money is streaming out of Nvidia and Apple and into China. Let it stream. Do not defend these now. Let this money leave. On China only BABA has actual fundamentals if you must.. But let it rain here. Get all of these short Nvidia options and etfs to play out..
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1841411620481663388?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The reasoning? Cramer hints that Nvidia's sky-high valuations and Apple's post-iPhone slump might leave them vulnerable to short-term pain. If you&#8217;re holding Nvidia options or ETFs, Cramer believes you might want to ride the short wave. 
Cramer&#8217;s suggestion is a subtle signal that a pullback could be looming, especially as investor sentiment shifts and valuations begin to look more stretched than a Friday-night binge-watch.
The GraniteShares 2x Short NVDA Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVD#NASDAQ">NVD</a>) and the Direxion Daily NVDA Bear 1X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDD#NASDAQ">NVDD</a>) are inverse ETFs positioned to gain on Nvidia stock&#8217;s underperformance. Investors in the Direxion Daily AAPL Bear 1X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPD#NASDAQ">AAPD</a>) gain when Apple shares underperform.
Read Also: <a href="https://www.benzinga.com/government/24/10/41127863/despite-nvidia-selloff-bidens-law-and-taiwan-semis-advantage-offer-growth-potential">Despite Nvidia Selloff, Biden&#8217;s Law and Taiwan Semi&#8217;s Advantage Offer Growth Potential</a>
<h2 class="wp-block-heading">Only Alibaba Has Actual Fundamentals, Says Jim Cramer</h2>
Meanwhile, where should the more adventurous traders look? According to Cramer, only one Chinese juggernaut is worth considering amid the capital outflows into China: Alibaba Group Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#NYSE">BABAF</a>). 
The e-commerce giant, despite facing regulatory hurdles, is backed by solid fundamentals. The GraniteShares 2x Long BABA Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BABX#NASDAQ">BABX</a>) provides leveraged exposure to Alibaba shares. Other ETFs with substantial allocation to Alibaba shares in their portfolio include the iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) (8.96% Alibaba stock), iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) (9.03% Alibaba stock) and the KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) (11.05% allocation to Alibaba stock).
If you must dip into the Chinese markets, BABA might be your best bet—just don't expect smooth sailing.
Cramer's latest recommendation suggests patience with Nvidia and Apple, letting short sellers have their moment, and keeping a cautious but interested eye on Alibaba's potential for a rebound.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41135385/nasdaq-ends-1-5-lower-as-tesla-nvidia-and-apple-fall-investor-optimism-declines-fear-index-remains-">Nasdaq Ends 1.5% Lower As Tesla, Nvidia, And Apple Fall: Investor Optimism Declines, Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Asia

Short Sellers

Short Ideas

AAPD

BABA

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

BABX

KWEB

MCHI

NVDD

Cramer Says 'Hot Money' Flowing From Nvidia, Apple Into China, Focus On Alibaba 'If You Must'

The <a href="https://www.benzinga.com/topic/nlrb">National Labor Relations Board</a> has reportedly filed a complaint against Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) on Monday, alleging that the tech giant compelled its employees to sign illegal confidentiality, non-compete, and non-disclosure agreements.
What Happened: The complaint also claims that Apple excessively enforced social media and misconduct policies. The NLRB&#8217;s statement, seen by Reuters, accuses Apple of &#8220;interfering with, restraining, and coercing employees in the exercise of&#8221; their rights under federal labor law.
The case will reportedly be heard by an administrative judge in January.
The NLRB is seeking Apple to revoke its unlawful rules and inform its employees of their legal rights.
See Also: <a href="https://www.benzinga.com/news/24/09/41087674/openais-searchgpt-set-to-disrupt-googles-search-empire-as-former-engineer-sounds-alarm-on-deteriorat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s SearchGPT Set To Disrupt Google&#8217;s Search Empire As Former Engineer Sounds Alarm On Deteriorating User Experience</a>
These allegations trace back to a September 2021 case involving Ashley Gjovik, a former senior engineering program manager, who was allegedly fired for raising issues like harassment and sexism.
In May, the NLRB found that Apple conducted unauthorized interrogations of employees at its World Trade Center retail store in New York City.
Apple did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> comment request.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This complaint comes amid a backdrop of increasing unionization efforts within Apple&#8217;s retail stores.
In July, Apple made history by <a href="https://www.benzinga.com/news/24/07/40001398/apple-makes-history-with-first-us-union-labor-agreement">reaching its first U.S. union labor agreement</a> with retail workers in Towson, Maryland. This marked a significant milestone for the company, as it was the first time any of its U.S. workers had successfully unionized.
The Towson Apple store employees, members of the International Association of Machinists union since June 2022, had been negotiating their first contract and even authorized a strike in May without setting a deadline.
Additionally, Apple has faced <a href="https://www.benzinga.com/news/24/04/38193281/apple-faces-increased-union-efforts-from-new-jersey-store-will-previous-attempts-in-maryland-oklahom">increased union efforts from other locations</a>, including a New Jersey store. Previous unionization attempts in Maryland and Oklahoma have influenced these efforts.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41078848/openai-execs-feared-chatgpt-parent-would-collapse-after-departure-of-ilya-sutskever-tried-to-woo-him?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI Execs Feared ChatGPT-Parent Would Collapse After Departure Of Ilya Sutskever, Tried To Woo Him Back</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Government

Regulations

Legal

Apple Accused Of Violating Federal Law Over Alleged Illegal Employee Agreements: NLRB Hearing Set For January

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled lower on Tuesday, with the Dow Jones index falling more than 150 points amid growing concerns in the Middle East.
Most of the major tech stocks closed lower on Tuesday. Shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) all closed the day lower.
On the economic data front, construction spending in the U.S. declined by 0.1% month-over-month to an annual rate of $2,132 billion in August. The ISM manufacturing PMI came in unchanged at 47.2 in September.
Most sectors on the S&amp;P 500 closed on a negative note, with information technology, real estate, and financials stocks recording the biggest losses on Tuesday. However, energy and utilities stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 173 points to 42,156.97 on Tuesday. The S&amp;P 500 fell 0.93% to 5,708.75, while the Nasdaq Composite dipped 1.53% at 17,910.36 during Tuesday's session.
Investors are awaiting earnings results from Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>), RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>), and Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 69.1, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 73.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/41102060/jim-cramer-hand-picks-these-3-stocks-to-ride-the-crest-of-the-chinese-stimulus-frenzy">Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Pre-Market Outlook

LEVI

Nasdaq Ends 1.5% Lower As Tesla, Nvidia, And Apple Fall: Investor Optimism Declines, Fear Index Remains In 'Greed' Zone

Following a warning from Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has removed Juno, an unofficial YouTube app designed for Vision Pro, from its App Store.
What Happened: On Tuesday, Christian Selig, the developer of Juno, took to X, formerly Twitter, and announced the app&#8217;s removal on Tuesday. &#8220;Sad news, but Juno for YouTube has been removed from the App Store,&#8221; he said.
&#8220;I don't personally agree with this, as Juno is just a web view, and acts as little more than a browser extension that modifies CSS to make the website and video player look more &#8216;visionOS&#8217; like,&#8221; he said in a blog post on Tuesday.
Adding, &#8220;I have zero desire to spin this into a massive fight (at least more than I've fought in emails over the last few months) akin to what happened with Reddit years ago.&#8221;
However, existing Juno users can continue using the app unless they delete it or YouTube releases an update that disrupts its functionality.
See Also: <a href="https://www.benzinga.com/news/24/09/41108345/apples-satellite-messaging-feature-emerges-as-lifeline-after-hurricane-helene-leaves-thousands-witho?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s Satellite Messaging Feature Emerges As Lifeline After Hurricane Helene Leaves Thousands Without Cell Phone Service: Here&#8217;s How You Can Use It</a>
<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">Sad news, but Juno for YouTube has been removed from the App Store. It&#39;s been a ton of fun to build, thanks to all who used it and enjoyed it! &#x1fae1;&#x2764;&#xFE0F; <a href="https://t.co/W1xLBpKSgd">https://t.co/W1xLBpKSgd</a>
&mdash; Christian Selig (@ChristianSelig) <a href="https://twitter.com/ChristianSelig/status/1841223881417494553?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In April this year, Google had cautioned Selig about Juno&#8217;s non-compliance with YouTube&#8217;s guidelines. With <a href="https://www.benzinga.com/general/entertainment/24/01/36689009/netflix-says-no-to-apple-vision-pro-app-now-youtube-spotify-arent-launching-one-either-repo">no official YouTube app</a> available for the Vision Pro, users have been resorting to Safari for YouTube access.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: In February earlier this year, YouTube confirmed the development of a Vision Pro app, <a href="https://www.benzinga.com/news/24/02/36949520/youtube-confirms-vision-pro-app-in-development-still-no-signs-of-netflix-and-spotify-though">following initial refusals</a> from Google&#8217;s video-sharing platform, Spotify, and Netflix.
In July, market tracker Omdia's analyst, George Jijiashvili, noted that Vision Pro has been <a href="https://www.benzinga.com/news/24/07/39747111/apples-vision-pro-struggles-to-find-its-killer-app-to-justify-3-500-price-tag-just-not-quite-hit-the">struggling to find its &#8220;killer app&#8221;</a> to justify its $3,500 price tag.
The Vision Pro had over 2,000 apps available five months after its U.S. debut, a stark contrast to the 20,000 iPad apps and 10,000 iPhone apps available within a similar timeframe after their respective launches.
Cupertino has also been reportedly <a href="https://www.benzinga.com/news/24/06/39449011/apple-struggling-to-create-its-cheaper-vision-pro-model-says-expert-its-dealing-with-some-difficult">struggling to develop a cheaper version</a> of the Vision Pro due to its high price tag and lack of mainstream appeal.
On the other hand, the Vision Pro has seen some <a href="https://www.benzinga.com/news/24/03/37614242/uk-surgeon-is-raving-about-apple-vision-pro-after-its-spine-surgery-debut-heres-why">success in the medical field</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41087674/openais-searchgpt-set-to-disrupt-googles-search-empire-as-former-engineer-sounds-alarm-on-deteriorat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s SearchGPT Set To Disrupt Google&#8217;s Search Empire As Former Engineer Sounds Alarm On Deteriorating User Experience Amid Rising Competition</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

GOOGL

Apple Removes Unofficial YouTube App For Vision Pro From App Store, Developer Disagrees But Says, 'Zero Desire To Spin This Into A Massive Fight'

<a href="https://www.bloomberg.com/news/articles/2024-10-01/apple-readies-iphone-se-4-upgraded-ipad-air-for-early-2025?srnd=undefined">https://www.bloomberg.com/news/articles/2024-10-01/apple-readies-iphone-se-4-upgraded-ipad-air-for-early-2025?srnd=undefined</a>
&nbsp;
Apple Inc., fresh off the release of the iPhone 16, is preparing to announce a new low-end phone early next year alongside upgraded iPads.&nbsp;

'Apple Readies New iPhone SE, Upgraded iPad Air for Early Next Year' - Bloomberg

Financial giants have made a conspicuous bullish move on Apple. Our analysis of options history for Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) revealed 187 unusual trades.
Delving into the details, we found 48% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 96 were puts, with a value of $5,898,254, and 91 were calls, valued at $5,839,083.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $115.0 to $250.0 for Apple during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Apple's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Apple's whale activity within a strike price range from $115.0 to $250.0 in the last 30 days. 
<h3>Apple Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727811064_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$2.38</td>
<td>$2.33</td>
<td>$2.38</td>
<td>$225.00</td>
<td>$177.5K</td>
<td>5.8K</td>
<td>28.7K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$12.95</td>
<td>$12.9</td>
<td>$12.9</td>
<td>$230.00</td>
<td>$149.6K</td>
<td>1.4K</td>
<td>950</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$4.65</td>
<td>$4.55</td>
<td>$4.6</td>
<td>$225.00</td>
<td>$135.2K</td>
<td>24.1K</td>
<td>6.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$2.62</td>
<td>$2.62</td>
<td>$2.62</td>
<td>$225.00</td>
<td>$131.0K</td>
<td>16.5K</td>
<td>49.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.5</td>
<td>$6.4</td>
<td>$6.42</td>
<td>$240.00</td>
<td>$128.4K</td>
<td>35.3K</td>
<td>2.3K</td>
</tr>
</tbody>
</table>

<h3>About Apple</h3>
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.
After a thorough review of the options trading surrounding Apple, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Apple</h3>
<ul>
<li>Currently trading with a volume of 42,737,800, the AAPL's price is down by -3.1%, now at $225.77. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 30 days.</li>
</ul>
<h3>What Analysts Are Saying About Apple</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $247.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from UBS persists with their Neutral rating on Apple, maintaining a target price of $236. 
&#x2A; An analyst from Needham downgraded its action to Buy with a price target of $260. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Apple, targeting a price of $256. 
&#x2A; An analyst from Needham downgraded its action to Buy with a price target of $260. 
&#x2A; An analyst from New Street Research downgraded its action to Neutral with a price target of $225. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Apple options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Decoding Apple's Options Activity: What's the Big Picture?

Semiconductor chip stocks led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) noted investor selloff since Friday after gaining from Micron Technology, Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) upbeat quarterly print and U.S. Fed rate cut to boost demand.
Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Qualcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Micron, Analog Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) are trading lower Tuesday. Semiconductor ETFs VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) are down over 3%.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41124391/qualcomm-partners-with-stmicroelectronics-to-boost-ai-powered-iot-connectivity" rel="noreferrer noopener">Qualcomm Partners With STMicroelectronics To Boost AI-Powered IoT Connectivity</a>
The street remains jittery over <a target="_blank" href="https://www.benzinga.com/news/24/10/41119735/nvidia-faces-new-competition-cerebras-files-for-ipo-huawei-pushes-ai-chips" rel="noreferrer noopener">artificial intelligence prospects</a> as analysts flagged Nvidia&#8217;s dependence on four customers, which are also developing in-house chips, and its delays in product releases.
Though China urges its companies to adopt domestic AI chipmakers, National Science and Technology Council (NSTC) Minister Wu Cheng-wen said China lags behind Taiwan Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a href="https://www.benzinga.com/government/24/10/41114632/taiwan-semiconductors-2-nm-breakthrough-puts-taiwan-a-decade-ahead-of-chinas-semiconductor-industry" target="_blank" rel="noreferrer noopener">advanced technology semiconductor manufacturing</a> by at least a decade. Taiwan Semiconductor is a crucial supplier for Nvidia and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
The U.S. Chips Act played a crucial role in helping America develop its semiconductor base by offering <a target="_blank" href="https://www.benzinga.com/government/24/09/41007184/taiwan-semi-secures-7-5b-boost-for-arizona-expansion-aims-for-advanced-chip-production-report" rel="noreferrer noopener">subsidies to chipmakers</a> to boost artificial intelligence chip production in the country.
The semiconductor sector could see another tailwind if the Biden administration inks a bill to fastrack the specific semiconductor manufacturing projects that receive subsidies through the Chips Act by diluting the federal environmental scrutinies.
The legislation would exempt qualifying chip projects from reviews under the National Environmental Policy Act, the New York Times <a href="https://www.nytimes.com/2024/10/01/us/politics/biden-semiconductor-environmental-review.html" target="_blank" rel="noreferrer noopener">reports</a>.
Struggling chipmaker Intel recently got a boost from <a href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday" target="_blank" rel="noreferrer noopener">$3 billion in direct funding</a> under the Chips Act in addition to the $8.5 billion in grants and $11 billion in loans that the company previously won under the act.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41124123/micron-set-for-profit-surge-with-high-margin-products-and-ai-driven-market-expansio" target="_blank" rel="noreferrer noopener">Micron Set for Profit Surge with High-Margin Products and AI-Driven Market Expansion, Analyst Says</a></li>
</ul>
Photo via Shutterstock

AVGO

MRVL

QCOM

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Despite Nvidia Selloff, Biden's Law and Taiwan Semi's Advantage Offer Growth Potential

Barclays analyst Tim Long maintained an Underweight rating on Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a price target of $186.
Long noted there was much news about increased iPhone builds in early July, a few weeks after the introduction of Apple Intelligence.
Based on the analyst&#8217;s recent supply chain channel checks, he noted Apple may just have cut roughly 3 million units of a key semiconductor component in iPhones for the December quarter. If confirmed, this would be the earliest build cut in recent history.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/10/41114632/taiwan-semiconductors-2-nm-breakthrough-puts-taiwan-a-decade-ahead-of-chinas-semiconductor-industry" rel="noreferrer noopener">Taiwan Semiconductor&#8217;s 2-Nm Breakthrough Puts Taiwan a Decade Ahead of China&#8217;s Semiconductor Industry: Report</a>
Long&#8217;s sell-through checks point to 15% year-on-year declines for global iPhone 16 sales in the first week of sales.
The analyst also tracked iPhone availability globally across geographies, suggesting softer demand for iPhone 16 relative to last year. Wait times across major geographies Long tracked were much shorter versus the previous year.
While the supply chain constraints on iPhone 15 pro models extended lead times last year, Long noted this still points to potentially weaker-than-expected demand, especially across the U.S. and China.
He said the data points indicated a softer demand than previously anticipated.
Overall, possible iPhone build cuts, weak sell-throughs and shorter lead times suggest a softer start to the iPhone 16 cycle with a negative mix shift due to weakening consumer spending, macro pressure and competition, Long said.
He noted Apple Intelligence in the Chinese language will not be rolled out until 2025, which may dampen early enthusiasm for the iPhone 16 in that critical market.
The analyst said Europe is&nbsp;also likely to see a staggered AI launch through 2025, which could limit excitement for the new device.
Long noted Apple&#8217;s order cut this time, if confirmed,&nbsp;implies the earliest cut in recent cycles as Apple typically makes its first order adjustment in early to mid-October based on sell-through data points.
Long noted September quarter iPhone units are on track for 51 million as the best case, assuming some channels fill in line or better versus last year due to more selling days. The earlier iPhone launch added two days of sell-through to the September quarter, but this is known, according to the analyst. The analyst noted the July and August sell-through was flattish year-on-year.
The December quarter looks increasingly at risk with the recent order cuts if sell-throughs continue to disappoint. This is due to the staggered roll-out of Apple Intelligence, limited adoption of AI outside of the U.S. and the need for hardware differentiation.
AAPL Price Action: AAPL stock is down 3.19% at $225.57 at publication Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41100053/apples-iphone-16-pro-demand-correction-in-sight-analyst-highlights-delivery-trends-" target="_blank" rel="noreferrer noopener">Apple&#8217;s iPhone 16 Pro Demand Correction In Sight: Analyst Highlights Delivery Trends Across Global Markets</a></li>
</ul>
Photo: Courtesy Apple

Global

Apple's iPhone 16 Cycle Faces Headwinds: Analyst Warns Of Weaker Demand, Macro Pressures, Potential Early Production Cuts

Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) unveiled its latest innovations at its &#8220;Glowtime&#8221; event last month. The company meticulously plans every detail of its presentations all the way down to the time displayed on its devices, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41100053/apples-iphone-16-pro-demand-correction-in-sight-analyst-highlights-delivery-trends-">which never changes</a>.
What To Know: Apple&#8217;s latest product launch event was centered around <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40306097/apples-ai-enabled-iphone-16-launch-could-open-floodgates-for-double-digit-volume-gr">new AI features</a> coming to its devices. The company launched its new iPhone 16 series, the Apple Watch Series 10 and the AirPods 4 at the event.
According to a Livemint <a href="https://www.livemint.com/technology/tech-news/decoding-apple-s-9-41-time-stamp-mystery-during-launch-events-how-steve-jobs-practice-became-a-branding-tradition-11726030743568.html">report</a>, Apple&#8217;s promotional imagery for the event sparked chatter about the static time being displayed on the company&#8217;s devices.
The report indicates that former senior vice president of iOS at Apple Scott Forstall revealed the 9:41 time consistently displayed on Apple devices is intentional.
Forstall reportedly explained that Apple always plans to reveal new products around 40 minutes into a presentation. The tradition of setting the time to 9:41 a.m. dates back to co-founder Steve Jobs who planned to unveil the iPhone at exactly 9:41 a.m. in 2007 after rehearsing for the presentation several times.
&#8220;Our estimates were quite accurate &#8230; And thus, the time became a subtle yet consistent part of our product unveilings,&#8221; Forstall said.
See Also: <a href="https://www.benzinga.com/news/24/09/41108345/apples-satellite-messaging-feature-emerges-as-lifeline-after-hurricane-helene-leaves-thousands-witho">Apple&#8217;s Satellite Messaging Feature Emerges As Lifeline After Hurricane Helene Leaves Thousands Without Cell Phone Service: Here&#8217;s How You Can Use It</a>
Jobs was the <a href="https://www.benzinga.com/news/23/03/31129922/steve-jobs-was-the-master-of-unveiling-apple-products-this-was-his-secret-for-leaving-audiences-awes">master of unveiling Apple products</a>. Everything he did and said was carefully crafted and planned out. He wanted to sell the world on a product before the world knew what he was selling and he perfected his pitches with practice. 
A month before a product launch, Jobs would start rehearsing with portions of his slide deck at various venues at Apple. Even when he reached the point where he had a presentation down, he wouldn&#8217;t stop practicing. Jobs&nbsp;relentlessly focused on improving the tone of his voice, his stance and&nbsp;his gestures, according to an excerpt from Ken Kocienda&#8217;s&nbsp;&#8220;Creative Selection.&#8221;
AAPL Price Action: <a href="http://benzinga.com/quote/AAPL">Apple shares</a> were down 3.59% at $224.58 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41081522/apple-bowing-out-of-openai-funding-round-iphone-16s-camera-ranking-and-more-this-week-in-appleverse">Apple Bowing Out Of OpenAI Funding Round, iPhone 16&#8217;s Camera Ranking, And More: This Week In Appleverse</a></li>
</ul>
Photo: Courtesy of Apple.

Events

iPhones Always Display The Time As 9:41 During Apple Product Launches — The Tradition Dates Back To Steve Jobs

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>10/04/24</td>
<td>$117.00</td>
<td>$53.0K</td>
<td>7.2K</td>
<td>113.7K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$225.00</td>
<td>$26.5K</td>
<td>16.5K</td>
<td>50.4K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$38.00</td>
<td>$27.5K</td>
<td>0</td>
<td>4.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$31.00</td>
<td>$40.8K</td>
<td>189</td>
<td>3.3K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$150.00</td>
<td>$47.2K</td>
<td>2.3K</td>
<td>3.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$165.00</td>
<td>$64.3K</td>
<td>5.1K</td>
<td>3.1K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$99.00</td>
<td>$46.3K</td>
<td>574</td>
<td>3.0K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$155.00</td>
<td>$30.8K</td>
<td>790</td>
<td>2.9K</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$200.00</td>
<td>$47.7K</td>
<td>4.8K</td>
<td>2.0K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$115.00</td>
<td>$76.0K</td>
<td>2.4K</td>
<td>1.2K</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 3 day(s) on October 4, 2024. Parties traded 241 contract(s) at a $117.00 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 $53.0K, with a price of $220.0 per contract. There were 7298 open contracts at this strike prior to today, and today 113715 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on October 4, 2024. Parties traded 100 contract(s) at a $225.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $265.0 per contract. There were 16543 open contracts at this strike prior to today, and today 50485 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a put option sweep with bullish sentiment. It expires in 10 day(s) on October 11, 2024. Parties traded 250 contract(s) at a $38.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $110.0 per contract. There were 0 open contracts at this strike prior to today, and today 4484 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a put option sweep with bearish sentiment. It expires in 143 day(s) on February 21, 2025. Parties traded 180 contract(s) at a $31.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $40.8K, with a price of $227.0 per contract. There were 189 open contracts at this strike prior to today, and today 3337 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option trade that happens to be bearish, expiring in 3 day(s) on October 4, 2024. This event was a transfer of 192 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $47.2K, with a price of $246.0 per contract. There were 2302 open contracts at this strike prior to today, and today 3190 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on October 11, 2024. This event was a transfer of 221 contract(s) at a $165.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $64.3K, with a price of $291.0 per contract. There were 5161 open contracts at this strike prior to today, and today 3163 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on October 4, 2024. Parties traded 200 contract(s) at a $99.00 strike. The total cost received by the writing party (or parties) was $46.3K, with a price of $232.0 per contract. There were 574 open contracts at this strike prior to today, and today 3055 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a put option sweep that happens to be bearish, expiring in 10 day(s) on October 11, 2024. This event was a transfer of 280 contract(s) at a $155.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $110.0 per contract. There were 790 open contracts at this strike prior to today, and today 2929 contract(s) were bought and sold. 
• Regarding QCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), we observe a call option sweep with bullish sentiment. It expires in 80 day(s) on December 20, 2024. Parties traded 159 contract(s) at a $200.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $47.7K, with a price of $300.0 per contract. There were 4855 open contracts at this strike prior to today, and today 2077 contract(s) were bought and sold. 
• Regarding SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a call option trade with bearish sentiment. It expires in 17 day(s) on October 18, 2024. Parties traded 304 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $76.0K, with a price of $250.0 per contract. There were 2453 open contracts at this strike prior to today, and today 1214 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.

MSTR

SNOW

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

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/10/2024-10-01_08h10_05.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Important Data Ahead</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-dip-powell-blind-money-spy-mc-10012024">click here</a> for an enalrged chart of SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which represents the benchmark stock market index S&amp;P 500 (SPX).
Note the following:
<ul>
<li>The chart shows the dip in the market caused by Powell's remarks. Powell pushed back against aggressive rate cut bets that the momo crowd has placed. Powell clearly said that the Fed plans on two 25 bps cuts this year assuming the economy stays on the expected trajectory. The momo crowd is counting on 100 bps cut. Even non-momo investors are betting on 75 bps cuts.</li>
<li>The chart shows the dip on Powell's remarks was aggressively bought, running the stock market higher than where it was before Powell's remarks. The buying appears to be related to quarter end window dressing.</li>
<li>Momo gurus' new narrative to persuade their followers to buy stocks is to not trust the Fed.&nbsp; Prudent investors always need to be mindful that momo gurus' interest is not the same as prudent investors' best interest.</li>
<li>There are two important pieces of data ahead.
<ul>
<li>JOLTS job openings data will be released at 10am ET.</li>
<li>ISM Manufacturing index will also be released at 10am ET.</li>
<li>Both of these pieces of data may be market moving.</li>
</ul>
</li>
<li>The most important economic data this week is the jobs report, also known as the mother of all reports, that will be released at 8:30am ET on Friday.</li>
<li>Expect blind money to flow into the stock market today and tomorrow.&nbsp; Blind money is the money that flows into the stock market on the first two days of the month without any analysis irrespective of market conditions.</li>
<li>East coast port workers have gone on strike. FedEx Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) is a beneficiary.  As full disclosure, FDX was recently added to the portfolio that surrounds the Core Model Portfolio in The Arora Report&#8217;s ZYX Buy, taking advantage of the dip on earnings.  The Arora Report utilizes over 50 different strategies. FDX belongs to the strategy of earnings patterns that historically work. </li>
<li>In important news for prudent investors, Michael Dell has sold $1.22B in Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) shares.&nbsp; Michael Dell is taking advantage of the run up in Dell shares on the AI frenzy.&nbsp; The momo crowd is oblivious and has been an aggressive buyer of DELL stock.</li>
<li>Prudent investors should also note that there is a consistent pattern of insiders selling AI stocks that have run up.&nbsp; It is important to pay attention to the protection band as well as to separate articles indicating putting on hedges or taking partial profits.</li>
</ul>
<h3 class="wp-block-heading">Japan</h3>
Japan's new prime minister is likely to favor tighter fiscal policy and tighter monetary policy.  Such tighter policies will be good for the Japanese yen.  As full disclosure, there is a position in yen using Invesco CurrencyShares Japanese Yen Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXY#NYSE">FXY</a>) in The Arora Report&#8217;s ZYX Allocation.  On the negative side, tighter fiscal and monetary policies in Japan increase the risk to the carry trade.  Lately, in the carry trade, funds have been borrowing in yen and investing in U.S. stocks, especially AI stocks.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in 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>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
In the early trade, money flows are mixed in (SPY) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
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.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
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>.

Federal Reserve

Powell Stock Market Drip Aggressively Bought, Important Data And Blind Money Ahead

On Tuesday, STMicroelectronics NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) and Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) subsidiary Qualcomm Technologies International announced a new strategic collaboration for industrial and consumer IoT solutions augmented <a href="https://www.benzinga.com/topic/artificial-intelligence">by edge artificial intelligence</a>.
The two companies proposed integrating Qualcomm Technologies&#8217; leading AI-powered wireless connectivity technologies with the microcontroller (MCU) ecosystem from STMicroelectronics.
Remi El-Ouazzane of STMicroelectronics said: &#8220;Wireless connectivity is key to the fast pervasion of edge AI across an ever-growing variety of use cases in enterprise, industrial, and personal applications.&#8221;
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01110637/newplot.png" alt="" class="wp-image-574930" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01110637/newplot.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01110637/newplot-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read: <a href="https://www.benzinga.com/government/24/09/41093269/whats-going-on-with-chip-stocks-like-nvidia-taiwan-semi-and-amd-on-monday" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Chip Stocks Like Nvidia, Taiwan Semi And AMD on Monday?</a>
STMicroelectronics stock plunged over 33% in the last 12 months. 
The <a href="https://www.benzinga.com/news/earnings/24/07/39955407/tesla-apple-chip-supplier-stmicroelectronics-q2-earnings-hit-by-weakness-in-industrial-and-automoti" target="_blank" rel="noreferrer noopener">key supplier to</a> Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) clocked a 25.3% topline decline in the second quarter due to weakness in the industrial and automotive sectors. At least three Wall Street firms, including Craig-Hallum, TD Cowen, and Bernstein, <a href="https://www.benzinga.com/quote/STM/analyst-ratings" target="_blank" rel="noreferrer noopener">slashed their price targets</a> on the stock after the dismal print.
Qualcomm&nbsp;stock is up over 48%. It reported <a href="https://www.benzinga.com/news/earnings/24/07/40080595/qualcomm-q3-earnings-highlights-revenue-beat-eps-beat-strong-execution-of-our-growth-and-diversific" target="_blank" rel="noreferrer noopener">third-quarter topline</a> growth of 11%, backed by its handsets and automotive segments. In the third quarter, it bagged over ten new design wins for automotive. JPMorgan analyst Samik Chatterjee flagged growth potential by regaining market share with Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) and diversification into the automotive and IoT sectors, partially offsetting <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40898388/qualcomm-analyst-sees-opportunity-in-regaining-share-with-samsung-after-apple-reven" target="_blank" rel="noreferrer noopener">lost revenue from Apple</a>.
<a href="https://www.benzinga.com/government/24/09/41004045/whats-going-on-with-chinese-stocks-alibaba-nio-xpeng-li-auto-on-tuesday">Recently, the U.S. Fed</a>, followed by China, slashed its key rates to spur discretionary spending. Lower interest rates have the potential to drive the industrial and automotive sectors by promoting discretionary spending by the companies.
Price Actions: STM stock is down 3.48% at $28.70 at last check Tuesday. QCOM is down 2.44% at $165.73.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41119735/nvidia-faces-new-competition-cerebras-files-for-ipo-huawei-pushes-ai-chips" target="_blank" rel="noreferrer noopener">Nvidia Faces New Competition: Cerebras Files for IPO, Huawei Pushes AI Chips</a></li>
</ul>
Image: Shutterstock

SSNLF

Qualcomm Partners With STMicroelectronics To Boost AI-Powered IoT Connectivity

WIIM

Apple shares are trading lower after Barclays said its checks indicate orders have been cut for December quarter iPhones at a Taiwanese supplier.

Barclays analyst Tim Long maintains Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a Underweight and maintains $186 price target.

Barclays Maintains Underweight on Apple, Maintains $186 Price Target

Stocks were sharply lower today following headlines about Iran launching missile strikes against Israel. This, unsurprisingly, pushed up implied volatility and oil prices, triggering a flight-to-safety trade.

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J.P. Morgan analyst Samik Chatterjee has assigned their bullish stance on AAPL stock, giving a Buy rating yesterday. Samik Chatterjee has given his...

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Apple ($AAPL) could be gearing up to announce a low-end phone early next year alongside upgraded iPads, according to an exclusive Bloomberg report....

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According to multiple media reports, technology giant Apple ($AAPL) is developing a new entry-level iPhone that's aimed at budget-conscious consume...

Apple (NASDAQ:AAPL) Developing New Entry-Level iPhone

OpenAI becomes second-largest startup following latest funding round

The technology industry is set to experience solid growth owing to advanced innovations and increased government support. Hence, investing in fundamentally stable high-quality tech stocks such as Apple (AAPL), Amazon.com (AMZN), and Meta (META) could be a wise idea. Continue to read… The technology sector is set for significant growth owing to rising investments in Artificial Intelligence (AI), cloud computing, and cybersecurity. Moreover, as technology becomes integral to business, education, and healthcare, and with the shift towards hybrid work environments, the sector is positioned for sustained long-term expansion.
Given this landscape, it could be wise for investors to keep an eye on high-quality tech stocks Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>), Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>), and Meta Platforms, Inc. (<a href="https://stocknews.com/stock/META/">META</a>), which are well positioned for long-term growth.
The technology industry is experiencing an era of unprecedented growth and transformation. Rapid innovations are not only reshaping industries but also redefining consumer behavior and business practices. Tech companies are spearheading changes across various fields, including AI, cloud computing, digital payments, and cybersecurity.
That said, generative AI has seen a remarkable surge, with Google searches <a href="https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/the-top-trends-in-tech#new-and-notable">increasing by nearly 700%</a> from 2022 to 2023. This rise, coupled with a notable jump in job postings and investments, highlights the growing influence of AI.
Moreover, in 2023 and 2024, the capacity of large language models (LLMs) to process context windows surged dramatically from 100,000 to two million tokens. This leap signifies a shift from processing a single research paper to handling the equivalent of about 20 novels in a model's prompt.
The Biden-Harris administration's <a href="https://www.eda.gov/news/press-release/2024/07/02/biden-harris-administration-announces-next-funding-round-504-million">$504 million investment</a> in 12 Tech Hubs further boosts this momentum by funding projects, creating jobs, and fueling the nation's competitiveness. The investment aligns with the growing need for high-quality hardware to meet complex processing demands, thereby driving increased hardware sales.
Looking ahead, AI is projected to <a href="https://www.pwc.com/gx/en/issues/data-and-analytics/publications/artificial-intelligence-study.html">add up to $15.70 trillion</a> to the global economy by 2030, according to PwC. Concurrently, Gartner (<a href="https://stocknews.com/stock/IT/">IT</a>) forecasts an 8% year-over-year increase in worldwide IT spending, reaching <a href="https://www.gartner.com/en/newsroom/press-releases/2024-04-16-gartner-forecast-worldwide-it-spending-to-grow-8-percent-in-2024">$5.06 trillion this year</a>. The continued investment underscores the technology sector's pivotal role in future economic growth.
Considering the positive trends in the industry, let us discuss the fundamentals of three high-quality tech stocks, starting with #3.
Stock #3: Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>)
AAPL designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. The company offers iPhones, Macs, iPads, AirPods, Apple Watch, and Apple TV. In addition, AAPL provides AppleCare support and cloud services.
On September 9, AAPL announced its <a href="https://www.apple.com/newsroom/2024/09/apple-introduces-groundbreaking-health-features/">breakthrough in sleep and hearing health</a> features that will be added to its Apple Watch&#xAE; and AirPods Pro&#xAE; 2, which would help its customers support their sleep and hearing health for several medical conditions.
The innovation is expected to strengthen AAPL's customer support, enhance user well-being, and establish the company as a leader in health-focused technology.
On the same day, AAPL announced a <a href="https://www.apple.com/newsroom/2024/09/apple-introduces-airpods-4-and-a-hearing-health-experience-with-airpods-pro-2/">new lineup of AirPods&#xAE;</a>, the new AirPods 4 which contain an open-ear design, and are available in two distinct models: AirPods 4 and AirPods 4 with Active Noise Cancellation (ANC), making them the most advanced and comfortable headphones created by AAPL.
The cutting-edge headphones could attract tech-savvy consumers and solidify AAPL's reputation for superior comfort and innovation, driving significant market share and growth opportunities for the company.
During the fiscal 2024 third quarter that ended June 29, AAPL's total net sales rose 4.9% from the year-ago value to $85.78 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> increased 10.2% year-over-year to $25.35 billion.
In addition, the company's net income and EPS came in at $21.45 billion and $1.40, reflecting a growth of 7.9% and 11.1% from the prior year's quarter, respectively.
Street expects AAPL's revenue and EPS for the fiscal 2024 fourth quarter ending in September to increase 5.2% and 9.5% year-over-year to $94.17 billion and $1.60, respectively. Furthermore, the company surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
Shares of AAPL have surged 3% over the past three months and 24% over the past year to close the last trading session at $220.69.
AAPL's growth prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Quality. Within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry, AAPL is ranked #18 out of 40 stocks.
<a href="https://stocknews.com/stock/AAPL/">Click here</a> to access additional ratings of AAPL for Growth, Value, Sentiment, Stability, and Momentum.
Stock #2: Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>)
AMZN specializes in retail sales, advertising, and subscription services through both online and physical stores. The company also manufactures and sells electronics like Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero, and develops media content. Its segments include North America; International; and Amazon Web Services (AWS).
On September 16, AWS <a href="https://press.aboutamazon.com/aws/2024/9/intel-and-aws-expand-strategic-collaboration-helping-advance-u-s-based-chip-manufacturing">announced a strategic collaboration</a> with Intel Corporation (<a href="https://stocknews.com/stock/INTC/">INTC</a>) to co-invest in custom chip designs under a multi-year, multi-billion-dollar framework. INTC will produce an AI fabric chip for AWS using its most advanced process node, Intel 18A.
By leveraging INTC's state-of-the-art technology, AWS would enhance its performance and efficiency, positioning AMZN at the forefront of innovation.
On September 9, AWS announced a strategic partnership with Oracle Corporation (<a href="https://stocknews.com/stock/ORCL/">ORCL</a>) to launch <a href="https://press.aboutamazon.com/aws/2024/9/oracle-and-amazon-web-services-announce-strategic-partnership">Oracle Database@AWS</a>, a new service that allows customers to access Oracle Autonomous Database on dedicated infrastructure and Oracle Exadata Database Service within AWS.
By integrating ORCL's services, AWS can enhance its cloud infrastructure, attracting more customers seeking robust database solutions. This strengthens AMZN's position in the cloud market, driving growth and broadening its service capabilities.
For the fiscal 2024 second quarter, which ended on June 30, AMZN's total net sales increased 10.1% year-over-year to $147.98 billion. Its operating income rose 91% from the year-ago value to $14.67 billion.
Additionally, the company's net income amounted to $13.48 billion, representing a year-over-year increase of 99.8%. Meanwhile, AMZN's EPS for the quarter grew 93.8% from the previous year's quarter to $1.26.
Analysts expect AMZN's revenue and EPS for the fiscal third quarter (ending in September 2024) to increase 9.9% and 20.6% year-over-year to $157.18 billion and $1.13, respectively. In addition, the company topped the consensus EPS estimates in each of the trailing four quarters.
Shares of AMZN have surged 6.9% over the past six months and 33.2% over the past year to close the last trading session at $186.43.
AMZN's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
AMZN has a B grade for Momentum, Sentiment, and Quality. Within the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, it is ranked #15 out of 53 stocks.
<a href="https://stocknews.com/stock/AMZN/">Click here</a> to see AMZN's ratings for Growth, Value, and Stability.
Stock #1: Meta Platforms, Inc. (<a href="https://stocknews.com/stock/META/">META</a>)
META develops products that connect and enable sharing among people through mobile devices, personal computers, virtual reality headsets, and wearables globally. The company operates in two segments: Family of Apps and Reality Labs.
On July 29, META introduced the <a href="https://ai.meta.com/sam2/">Segment Anything Model 2 (SAM 2)</a>, the first unified model that identifies which pixels belong to a target object in an image or video. It can segment any object and consistently follow it across all video frames in real-time, unlocking new possibilities for video editing and mixed-reality experiences.
This leap in technology is expected to strengthen META's market position and drive growth through innovative, immersive experiences.
On the same day, META <a href="https://about.fb.com/news/2024/07/create-your-own-custom-ai-with-ai-studio/">announced the release of AI Studio</a>, a program where people are able to create their own AIs that can serve a vast array of purposes, from chat-bots to travel guides to cooking and so many more.
With the use of Llama 3.1, META's own GenAI, the company is in the forefront of the incoming AI revolution. This launch cements META at the vanguard of the AI revolution, enhancing customer satisfaction and bolstering its reputation in the tech sphere.
For the second quarter of fiscal 2024, which ended on June 30, META's revenue increased 22.1% year-over-year to $39.07 billion. Its income from operations rose 58.1% from the year-ago value to $14.85 billion. Moreover, the company's net income and EPS grew 72.9% and 73.2% year-over-year to $13.47 billion and $5.16, respectively.
The consensus revenue estimate of $40.13 billion for the fiscal third quarter (ending September 2024) represents a 17.5% year-over-year increase. The consensus EPS estimate of $5.25 for the ongoing quarter indicates a 19.6% year-over-year improvement. Furthermore, META surpassed the consensus revenue and EPS estimates in all four trailing quarters, which is impressive.
Shares of META have surged 7.7% over the past three months and 77.8% over the past year to close the last trading session at $537.95.
META's POWR Ratings reflect this promising outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
META has an A grade for Sentiment and Quality. It is ranked #16 out of 53 stocks in the Internet industry.
<a href="https://stocknews.com/stock/META/">Click here</a> to see the additional ratings for META (Growth, Value, Momentum, and Stability).
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
AAPL shares rose $4.12 (+1.87%) in premarket trading Thursday. Year-to-date, AAPL has gained 15.06%, versus a 18.86% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/aapl-amzn-meta-orcl-intc-3-high-quality-tech-stocks-to-hold-for-long-term-growth/>3 High-Quality Tech Stocks to Hold for Long-Term Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Quality Tech Stocks to Hold for Long-Term Growth

BIRK

CROX

EBAY

PYPL

UNLYF

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Commodities

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Emerging Market ETFs

AIBD

AIBU

The Risks And Rewards Of Betting Big On AI &amp; Big Data

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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

The Benefits Of Increasing Your Portfolio Diversification With Crypto

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FEPI

NVDQ

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NVDX

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Movers & Shakers

FRGE

HOOD

SCHW

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AFRM

Affirm&#39;s underwriting is more sophisticated than other fintechs and the company has a strong track record, Will Nance said in the initiation note.

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Emerging Markets

BNAI

SSTK

Apple Becomes Latest Giant To Adopt AI, But Risks Persist – Brand Engagement Network May Have The Solution To Ensure Security In The Age Of AI

Screenshot 2024-03-11 at 9.18.37 PM

TSX:ZSP

The $8.8 Trillion That Could Flow To The Stock Market With Fed Rate Cuts

Press Releases

Introducing Apple Watch Series 10

Apple introduces iPhone 16 and iPhone 16 Plus

Apple introduces AirPods 4 and the world's first all-in-one hearing health experience with AirPods Pro 2

Apple debuts iPhone 16 Pro and iPhone 16 Pro Max

Apple Watch Ultra 2 now available in black titanium

Apple introduces groundbreaking health features to support conditions impacting billions of people

The Risks And Rewards Of Betting Big On AI & Big Data

Eightco Holdings Inc. Is Ripe For Appreciation After Scoring Q3 Milestone   (NASDAQ: OCTO)

Apple launches new professional learning resources for teachers and expands global education grant program

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