La vendita allo scoperto per Microsoft dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Microsoft. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Microsoft (NASDAQ:MSFT) Azioni, Report sulle vendite allo scoperto

Microsoft

Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three equally sized broad segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops).

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Con il taglio dei tassi della Fed, alcuni titoli tecnologici come Nvidia e Microsoft sono pronti a decollare.

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Le azioni Nvidia salgono grazie all&#39;interesse dell&#39;Arabia Saudita per i chip IA, mentre gli USA rivalutano le sanzioni.

Azioni Nvidia in ascesa: Arabia Saudita e futuro dei chip IA

Microsoft Corp

October was a strong month for the gaming industry, with eight of the top ten best-selling games in the <a href="https://www.benzinga.com/topic/video-games">U.S. being new releases</a>.
Call of Duty: Black Ops 6 topped the charts, contributing to a 10% year-over-year increase in U.S. video game spending, which reached $4.7 billion.
According to Circana&#8217;s monthly report (<a href="https://www.ign.com/articles/october-2024-sales-charts-call-of-duty-black-ops-6-sparks-xbox-game-pass-subscription-surge">via</a> IGN), Black Ops 6 is already the third best-selling game of the year and saw sales 23% higher in its first two weeks than last year's Modern Warfare 3 over the same period. 
See Also:<a href="https://www.benzinga.com/general/gaming/24/11/42141838/elden-ring-creator-hidetaka-miyazaki-teases-various-new-projects-in-development"> Elden Ring Creator Hidetaka Miyazaki Teases &#8216;Various New Projects&#8217; In Development</a>
Mat Piscatella of Circana noted that 82% of the game's full dollar sales came from PlayStation 5, likely because Xbox players opted to access the game through Game Pass instead of purchasing it outright.
<h3 class="wp-block-heading">Game Pass And Subscription Growth</h3>
The availability of <a href="https://www.benzinga.com/general/gaming/24/10/41662426/black-ops-6-shatters-records-call-of-dutys-biggest-launch-drives-60-sales-spike">Black Ops 6 on Game Pass</a> appears to have driven growth in video game subscription spending, which increased 16% year-over-year in October. 
This suggests that the game attracted new subscribers to Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) platform while maintaining strong sales elsewhere.
<h3 class="wp-block-heading">Dragon Ball And Silent Hill Stand Out</h3>
Dragon Ball: Sparking! Zero secured the second spot on October's sales charts and became the best-selling Dragon Ball game in the U.S. The game is also now the third best-selling title in Bandai Namco Holdings ADR&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NCBDY#OTC">NCBDY</a>) history, following<a href="https://www.benzinga.com/general/gaming/24/11/42068231/sony-in-talks-to-acquire-elden-ring-publisher-kadokawa-report"> Elden Ring </a>and Dark Souls 3.
The Silent Hill 2 remake came in third and is now the second best-selling game in the franchise, second only to the original Silent Hill 2.
<h3 class="wp-block-heading">Sales Shifts from Discounts and Game Pass</h3>
The Final Fantasy I-VI Collection moved up from No. 90 in September to No. 19 in October, likely due to a significant price drop on Nintendo ADR&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) Nintendo Switch. Meanwhile, Sifu climbed to No. 9 on Xbox's monthly active users chart after being added to Game Pass.
<h3 class="wp-block-heading">Hardware And Accessories Performance</h3>
Hardware sales saw a 23% decline compared to last year. Nintendo Switch sales dropped 38%, while PlayStation 5 and Xbox Series sales were down 20% and 18%, respectively. The PlayStation 5 remains the top-selling console in both units and dollar sales, with Xbox Series consoles in second place.
In accessories, spending increased by 15%, with Sony Group Corp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) PlayStation Portal becoming the month's best-selling item.
<h3 class="wp-block-heading">Top 20 Best-Selling Games In October</h3>
<ol>
<li>Call of Duty: Black Ops 6</li>
<li>Dragon Ball: Sparking! Zero</li>
<li>Silent Hill 2</li>
<li>Undisputed</li>
<li>Metaphor: ReFantazio</li>
<li>Dragon Age: The Veilguard</li>
<li>Super Mario Party Jamboree!&#x2A;</li>
<li>Madden NFL 25</li>
<li>Sonic X Shadow Generations</li>
<li>EA Sports FC 25</li>
<li>EA Sports College Football 25</li>
<li>The Legend of Zelda: Echoes of Wisdom&#x2A;</li>
<li>Hogwarts Legacy</li>
<li>NHL 25</li>
<li>Astro Bot</li>
<li>Minecraft&#x2A;</li>
<li>NBA 2K25</li>
<li>Life Is Strange: Double Exposure</li>
<li>Final Fantasy I-VI Bundle</li>
<li>Elden Ring</li>
</ol>
(&#x2A;Digital sales data for some titles are not included in Circana's report.)
As the year approaches its final months, upcoming Black Friday deals may impact both hardware and software sales.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/11/42144628/gta-6-trailer-2-fans-frustrated-as-rockstar-possibly-breaks-moon-theory">GTA 6 Trailer 2 Fans Frustrated As Rockstar Possibly Breaks Moon Theory</a></li>
</ul>
Image credits: Shutterstock.

NCBDY

NTDOY

Sony Group Corporation American Depositary Shares

SONY

Call Of Duty: Black Ops 6 Leads Video Game October Sales In The US

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/2024/11/2024-11-22_07h31_01-scaled.jpg" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">AI Frenzy Shifts</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-ai-frenzy-shift-software-stocks-igv-smh-mc-11222024">click here</a> for an enlarged chart comparing VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Expanded Tech-Software Sector ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>).&nbsp;
Note the following:
<ul>
<li>The Arora Report previously shared with readers that the next stage of AI would benefit software stocks.&nbsp; This is beginning to happen now.&nbsp;&nbsp;</li>
<li>The chart shows software ETF IGV has moved up since the presidential election.&nbsp;&nbsp;</li>
<li>The chart shows that IGV has outperformed semiconductor ETF SMH by about 10% since the election.&nbsp;&nbsp;</li>
<li>The Arora Report algorithms show money is flowing out of semiconductors and into software.</li>
<li>AI allows work processes to be totally reimagined compared to work processes of today.&nbsp; Work processes of today are implemented with legacy software.&nbsp; In The Arora Report analysis, it is an order of magnitude more efficient to use reimagined processes with AI native software.&nbsp;&nbsp;</li>
<li>In The Arora Report analysis, there is a battle brewing among software companies for market share when it comes to AI capabilities.&nbsp; Legacy software companies have existing customers and cash to invest in AI.&nbsp; Legacy software companies are bolting on AI offerings.&nbsp; AI native software companies have an edge technologically.&nbsp; However, they do not have an existing market share.&nbsp; Promising AI native software companies are privately held.&nbsp;&nbsp;</li>
<li>The foregoing tells us that AI will end up decimating some software companies while others will go to new heights.&nbsp;&nbsp;</li>
<li>Investors need to look forward.&nbsp; Right now, most investors who are investing in software companies are looking backwards.&nbsp;&nbsp;</li>
<li>Looking forward to 2030, the best way to capture AI opportunities in software companies is to combine the following three:
<ul>
<li>Profiting from a base position in a software ETF.&nbsp; The Arora Report's software ETF of choice is IGV.&nbsp; As full disclosure, IGV is in The Arora Report's ZYX Allocation Model Portfolio.&nbsp;&nbsp;</li>
<li>Profiting from individual software company stocks that are evolving and keeping pace with AI developments and retaining and attracting customers.&nbsp; An example is PLTR and as full disclosure, PLTR was recently added to The Arora Report&#8217;s ZYX Buy Core Model Portfolio.&nbsp;&nbsp;</li>
<li>Profiting from shorting software companies whose business models are being hurt by AI.</li>
</ul>
</li>
<li>A judicious combination of the foregoing will produce significantly higher risk adjusted returns, compared to using only one of the three in your investments.&nbsp;&nbsp;</li>
<li>In the early trade, the momo crowd is aggressively buying junk stocks.&nbsp;&nbsp;</li>
</ul>
<h3 class="wp-block-heading">China</h3>
Chinese stocks are ultra cheap.&nbsp; The rally in Chinese stock has stalled after Trump's re-election.&nbsp; Trump wants to impose 60% tariffs on Chinese goods.&nbsp; In the face of Trump's threat, China's 10 year note auction saw strong demand.&nbsp; The pricing was close to the record low yield.&nbsp; This data point indicates that investors believe China will manage just fine with Trump's tariffs.&nbsp;&nbsp;
In The Arora Report analysis, it is important to keep track of such data points. &nbsp;If there are more such data points, it will be time to step into Chinese stocks because they are so cheap.&nbsp;&nbsp;
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).&nbsp;
In the early trade, money flows are neutral in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</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 negative in Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</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 approaching $100K. SEC Chair Gensler has said that he will resign on Trump's inauguration day.&nbsp; Gensler has been anti-bitcoin.&nbsp; Even though Gensler's resignation was expected, as Trump has said he would replace Gensler, buying came into bitcoin on the news.&nbsp;&nbsp;
<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.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.&nbsp;
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>.

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Opportunities For Investors As AI Frenzy Shifts From Semiconductors To Software

New polls of Benzinga readers show they don't think the Department of Justice should break up Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) or target other <a href="https://www.benzinga.com/topic/magnificent-seven">Magnificent 7 stocks.</a>
What Happened: A recent investigation by the Department of Justice found prosecutors telling Alphabet it <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">needs to divest </a>the Google Chrome browser to break a monopoly on online search.
A <a href="https://www.benzinga.com/tech/24/11/42140450/doj-targets-google-chrome-poll-shows-64-oppose-alphabet-breakup-youtube-seen-as-top-prize">poll of Benzinga readers </a>showed 64% of respondents saying that Alphabet should not be split up. While the Department of Justice's probe into Alphabet likely means some changes will be made in the future, attention could quickly turn to other big technology companies after the Google parent.
"Which other Magnificent 7 stock should be broken up?" Benzinga asked.
The results were:
<ul>
<li>None of them: 51%</li>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): 14%</li>
<li>Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>): 12%</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): 11%</li>
<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>): 5%</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): 5%</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>): 2%</li>
</ul>
Around half of the poll respondents said no other Magnificent 7 stocks should be broken up. Of the people who picked a stock to be broken up, Amazon led the way with 14% of the vote.
Read Also: <a href="https://www.benzinga.com/general/social-media/24/11/41912771/trump-presidency-magnificent-7-stock-impact-benzinga-readers-pick-tech-titan-at-most-risk-following-2024-election">Trump Presidency Magnificent 7 Stock Impact: Benzinga Readers Pick Tech Titan At Most Risk Following 2024 Election</a>
Why It's Important: The desire to split up Amazon likely comes from investors wanting to have access to invest in Amazon Web Services, also known as AWS, a pure-play cloud platform.
In the most recent third-quarter financial results, Amazon reported the following revenue by business segment:
<ul>
<li>North America: $95.5 billion, +9% year-over-year</li>
<li>International: $35.9 billion, +12% year-over-year</li>
<li>AWS: $27.5 billion, +19% year-over-year</li>
</ul>
This trend is a common occurrence of AWS growth outpacing the other business segments. While AWS is the smallest of the three main reporting segments, the cloud segment is seeing strong growth and getting closer to outpacing international revenue.
AWS is also the larger driver for Amazon's operating profit. Of the company's third-quarter total of $17.4 billion in operating profit, $10.4 billion came from AWS.
Meta Platforms came in second of the companies in the poll, which could be related to investors wanting access to the companies social media platforms like Facebook and Instagram or access to the WhatsApp messaging service.
Meta could find itself a target of the new White House administration with both Donald Trump and J.D. Vance speaking out about <a href="https://www.benzinga.com/general/politics/24/07/39826475/trumps-new-running-mate-j-d-vance-wants-to-break-up-google-could-2024-election-be-bad-for-big-te">the company previously.</a>
&#8220;I think that Google and Facebook have really distorted our political process. And I think a lot of my friends on the left would agree with me, but they might disagree with me directionally about how to fix that problem," Vance said earlier this year. &#8220;We have to stop the craziness, and I think one way to do it is to stop the way that these companies control the flow of information in our country.&#8221;
While many investors said Magnificent 7 stocks shouldn't be broken up, analysts see the move <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40378964/google-stock-swings-on-doj-investigation-analyst-says-googl-is-worth-more-in-pieces">potentially unlocking value </a>based on sum-of-the-parts valuations.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/42121665/could-another-magnificent-7-stock-beat-nvidia-in-2025-poll-says-not-likely-27-pick-this-potential-winner">Could Another Magnificent 7 Stock Beat Nvidia In 2025? Poll Says Not Likely, 27% Pick This Potential Winner</a></li>
</ul>
The study was conducted by Benzinga from Nov. 21 through Nov. 22, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 57 adults.
Photo: Shutterstock

Exclusives

Which Magnificent 7 Stock Should DOJ Target Next? Benzinga Poll Finds Over 50% Say...

Although Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is up over 190% year-to-date, &#8220;over the last five months the stock has been relatively flat, leaving bulls and bears at an inflection point,&#8221; <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40652895/exclusive-beyond-the-magnificent-seven-direxions-egilinsky-reveals-top-sector-picks">Direxion&#8216;s Ed Egilinsky says</a>.
This pause in growth signals the stock might be priced to perfection. Some active traders are watching for the next move. 
For those who consider the stock&#8217;s price is perfection and forward expectations are not lofty enough to propel it higher, the Direxion Daily NVDA Bear 1X Shares ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDD#NASDAQ">NVDD</a>) offers a way to get profit from any expected correction in the stock. 
However, traders who believe the stock will trend higher in the short term, can look to trade the Direxion Daily NVDA Bull 2X Shares ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDU#NASDAQ">NVDU</a>).
Read Also: <a href="https://www.benzinga.com/news/global/24/11/42129914/jim-cramer-doubles-down-on-nvidia-demand-is-accelerating-as-ai-customers-have-no-choice-but-to-buy-its-chips">Jim Cramer Doubles Down On Nvidia: &#8216;Demand Is Accelerating&#8217; As AI Customers &#8216;Have No Choice&#8217; But To Buy Its Chips</a>
<h2 class="wp-block-heading">Potential R&amp;D Spending Not Baked In</h2>
While Nvidia remains the barometer for the AI space, Egilinsky stresses the importance of continued innovation to retain its competitive edge in AI chips. 
&#8220;This could result in a more sizable commitment to their R&amp;D spending that might not be totally baked into current projections,&#8221; he said.
<h2 class="wp-block-heading">Geopolitical Tensions, Tariffs Could Impact Future Growth</h2>
Beyond its product and performance, Nvidia's future is increasingly shaped by geopolitical risks, particularly the U.S. tariff stance. 
&#8220;Traders will be waiting for a sign to trade the next move in Semis and for short-term traders that can be either a bullish view or bearish sentiment,&#8221; Egilinsky said.
The Donald Trump administration's policies on global trade, especially tariffs, could affect Nvidia's revenue from China and its reliance on Taiwan for chip production.
<h2 class="wp-block-heading">AI Growth Still Promising, But Tariffs Add Uncertainty</h2>
Despite these risks, Nvidia's future looks promising, especially with Blackwell shipments ramping up next quarter. 
One way to gauge Nvidia's AI growth prospects is by looking at its key customers like Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>). 
These tech giants rely heavily on Nvidia's chips to power their cloud platforms, machine learning, and data centers. As these companies expand their AI operations, Nvidia's role in driving this growth could bolster its position in the market, fueling continued demand for its products.
Egilinsky said the excessive demand for Nvidia&#8217;s products might &#8220;send the stock to new all-time highs.&#8221; Still, the company's ability to navigate geopolitical hurdles will be crucial to sustaining this growth.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42121215/nvidia-post-earnings-jitters-can-nvda-stock-regain-its-ai-fueled-momentum">Nvidia&#8217;s Post-Earnings Jitters: Can NVDA Stock Regain Its AI-Fueled Momentum?</a></li>
</ul>

Analyst Color

Analyst Ratings

NVDD

NVDU

Nvidia 'Bulls And Bears At An Inflection Point,' Expert Says: Will AI Growth Overcome Global Tariff Risks?

In the dynamic and fiercely competitive business environment, conducting a thorough analysis of companies is crucial for investors and industry enthusiasts. In this article, we will perform an extensive industry comparison, evaluating Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) in relation to its major competitors in the Software industry. By closely examining crucial financial metrics, market position, and growth prospects, we aim to offer valuable insights for investors and shed light on company's performance within the industry.
<h3>Microsoft Background</h3>
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three equally sized broad segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops).
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Microsoft Corp</td>
<td>34.09</td>
<td>10.67</td>
<td>12.13</td>
<td>8.87%</td>
<td>$38.23</td>
<td>$45.49</td>
<td>16.04%</td>
</tr>
<tr>
<td>Oracle Corp</td>
<td>49.60</td>
<td>49.30</td>
<td>10.12</td>
<td>30.01%</td>
<td>$5.44</td>
<td>$9.4</td>
<td>6.86%</td>
</tr>
<tr>
<td>ServiceNow Inc</td>
<td>163.09</td>
<td>23.25</td>
<td>20.78</td>
<td>4.81%</td>
<td>$0.67</td>
<td>$2.21</td>
<td>22.25%</td>
</tr>
<tr>
<td>Palo Alto Networks Inc</td>
<td>51.58</td>
<td>22.07</td>
<td>17.04</td>
<td>6.33%</td>
<td>$0.39</td>
<td>$1.62</td>
<td>-2.32%</td>
</tr>
<tr>
<td>CrowdStrike Holdings Inc</td>
<td>518.19</td>
<td>30.72</td>
<td>25.25</td>
<td>1.75%</td>
<td>$0.12</td>
<td>$0.73</td>
<td>31.74%</td>
</tr>
<tr>
<td>Fortinet Inc</td>
<td>47.25</td>
<td>79.35</td>
<td>12.70</td>
<td>90.26%</td>
<td>$0.66</td>
<td>$1.24</td>
<td>13.0%</td>
</tr>
<tr>
<td>Gen Digital Inc</td>
<td>30.11</td>
<td>8.76</td>
<td>4.88</td>
<td>7.92%</td>
<td>$0.51</td>
<td>$0.78</td>
<td>3.07%</td>
</tr>
<tr>
<td>Monday.Com Ltd</td>
<td>642.47</td>
<td>14.18</td>
<td>15.66</td>
<td>-1.28%</td>
<td>$-0.02</td>
<td>$0.23</td>
<td>32.67%</td>
</tr>
<tr>
<td>Dolby Laboratories Inc</td>
<td>29.83</td>
<td>3.09</td>
<td>6.13</td>
<td>2.39%</td>
<td>$0.07</td>
<td>$0.27</td>
<td>4.9%</td>
</tr>
<tr>
<td>CommVault Systems Inc</td>
<td>43.32</td>
<td>26.87</td>
<td>8.58</td>
<td>5.56%</td>
<td>$0.02</td>
<td>$0.19</td>
<td>16.06%</td>
</tr>
<tr>
<td>QXO Inc</td>
<td>29.19</td>
<td>1.50</td>
<td>26.60</td>
<td>-0.21%</td>
<td>$-0.03</td>
<td>$0.01</td>
<td>-2.0%</td>
</tr>
<tr>
<td>Qualys Inc</td>
<td>33.15</td>
<td>12.22</td>
<td>9.51</td>
<td>10.53%</td>
<td>$0.05</td>
<td>$0.13</td>
<td>8.36%</td>
</tr>
<tr>
<td>Progress Software Corp</td>
<td>36.95</td>
<td>6.93</td>
<td>4.26</td>
<td>6.88%</td>
<td>$0.06</td>
<td>$0.15</td>
<td>2.11%</td>
</tr>
<tr>
<td>Teradata Corp</td>
<td>35.73</td>
<td>23.25</td>
<td>1.67</td>
<td>32.0%</td>
<td>$0.08</td>
<td>$0.27</td>
<td>0.46%</td>
</tr>
<tr>
<td>SolarWinds Corp</td>
<td>59.32</td>
<td>1.63</td>
<td>2.85</td>
<td>0.94%</td>
<td>$0.07</td>
<td>$0.18</td>
<td>5.5%</td>
</tr>
<tr>
<td>Average</td>
<td>126.41</td>
<td>21.65</td>
<td>11.86</td>
<td>14.13%</td>
<td>$0.58</td>
<td>$1.24</td>
<td>10.19%</td>
</tr>
</tbody>
</table>
<style>
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 width: 100%;
 border-collapse: collapse;
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 font-size: 14px;
 }

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 padding: 8px;
 text-align: left;
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 </style>Through a thorough examination of Microsoft, we can discern the following trends: 
<ul>
<li>
A Price to Earnings ratio of 34.09 significantly below the industry average by 0.27x suggests undervaluation. This can make the stock appealing for those seeking growth.
</li>
<li>
With a Price to Book ratio of 10.67, significantly falling below the industry average by 0.49x, it suggests undervaluation and the possibility of untapped growth prospects.
</li>
<li>
The stock's relatively high Price to Sales ratio of 12.13, surpassing the industry average by 1.02x, may indicate an aspect of overvaluation in terms of sales performance.
</li>
<li>
With a Return on Equity (ROE) of 8.87% that is 5.26% below the industry average, it appears that the company exhibits potential inefficiency in utilizing equity to generate profits.
</li>
<li>
Compared to its industry, the company has higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $38.23 Billion, which is 65.91x above the industry average, indicating stronger profitability and robust cash flow generation.
</li>
<li>
With higher gross profit of $45.49 Billion, which indicates 36.69x above the industry average, the company demonstrates stronger profitability and higher earnings from its core operations.
</li>
<li>
The company is experiencing remarkable revenue growth, with a rate of 16.04%, outperforming the industry average of 10.19%.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732287617_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio assesses the extent to which a company relies on borrowed funds compared to its equity.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When examining Microsoft in comparison to its top 4 peers with respect to the Debt-to-Equity ratio, the following information becomes apparent:
<ul>
<li>
Microsoft exhibits a stronger financial position compared to its top 4 peers in the sector, as indicated by its lower debt-to-equity ratio of 0.21.
</li>
<li>
This suggests that the company has a more favorable balance between debt and equity, which can be seen as a positive aspect for investors.
</li>
</ul>
<h3>Key Takeaways</h3>
For Microsoft in the Software industry, the PE and PB ratios are low compared to peers, indicating potential undervaluation. However, the high PS ratio suggests overvaluation based on revenue. The low ROE may indicate lower profitability compared to peers, despite high EBITDA and gross profit margins. The high revenue growth suggests strong performance in generating sales.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Performance Comparison: Microsoft And Competitors In Software Industry

Good Morning Traders! In today&#39;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#39;s pulse to optimize your trading gains. Now, let&#39;s dive into the stock analysis:
<h3>SPDR S&amp;P 500 ETF Trust </h3>
SPY&nbsp;(ARCA: SPY) is currently trading near our key level of 592.00. For bullish traders, maintaining control above this level is crucial. A successful hold and push higher could bring 593.73 into play. If buyers sustain momentum above 593.73, the next target would be a move towards 596.57, a significant support level. Should this area hold during the session, further upside could drive the price to 598.04, with a high bullish target for the day of 599.24.
On the flip side, failure to maintain 592.00 as support could see bears stepping in to test the downside at 589.71. Sustained selling pressure at this level might push SPY down to 587.31, a critical threshold. If broken, we anticipate a move lower to 585.75, with the low bear target for a sell-off day situated at 584.68.
<h3>Invesco QQQ Trust Series 1</h3>
The QQQ&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) is trading around the significant level of 504.44. Bulls will aim to defend this area and push higher, targeting 506.68 as the next strong support zone. If sustained buying pressure materializes, the next upward move could test 509.87, with a potential climb to 511.53 if the session remains robust. The high bullish target for QQQ today stands at 513.64.
However, if sellers overcome the 504.44 support, we may see a downward move to 502.65. Bearish pressure at this level could pave the way for a test at 501.07. If weakness persists, expect a dip to 499.44, with the day&rsquo;s low bear target resting at 498.37.
<h3>Apple Inc. </h3>
Apple&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is positioned around 229.03, a critical level for today&rsquo;s session. For bulls to take control, holding above this mark is key. A sustained rally could bring the price to 230.25, and if momentum continues, 231.76 is the next level to watch. A strong bullish session might drive Apple toward the day&rsquo;s high bull target of 233.28.
If 229.03 fails to act as support, bears may seize control and aim for 227.82. Further selling could bring 226.90 into focus. Persistent bearish action could drive the price lower to 226.08, with the low target for a negative session set at 225.31.
<h3>Microsoft Corp. </h3>
Microsoft&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is trading around 411.72, a pivotal level for today&rsquo;s action. For bulls, maintaining strength above this point is essential to build momentum. A move to 413.14 could establish a solid base for further gains, with the next targets being 414.56 and the high bull target of 416.32 if the session remains favorable.
Should 411.72 fail to hold, bears could gain traction and push the price to 410.64. A breakdown here may lead to further selling, testing 409.69. If bearish pressure intensifies, 408.46 could come into play, with the low target for the day positioned at 407.11.
<h3>NVIDIA Corporation </h3>
NVIDIA&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) is trading near 145.61, a key level for today&rsquo;s price action. Bulls will aim to reclaim 147.06 and hold it as support, creating room for an upward move toward 148.52. If buying strength persists, the rally could extend to 150.32, with a high bull target of 151.99 for the day.
Failure to hold 145.61 could lead to a bearish session, with a test of 144.21 on the downside. Continued selling pressure might push the price toward 142.35, and if weakness remains, a drop to 141.21 is possible. The low bear target for NVIDIA today is set at 140.28.
<h3>Alphabet Inc Class A</h3>
Alphabet&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) is trading near 167.04, a key level that bulls must defend. A push higher could bring 169.34 into focus, establishing a foundation for further gains toward 171.14. If momentum remains positive, the high bull target for Alphabet today is 172.28.
Conversely, if 167.04 fails to hold, bears may aim for 165.41. Breaking this level could lead to additional downside movement to 163.79, with heavy selling potentially driving the price to a low bear target of 161.79.
<h3>Meta Platforms Inc </h3>
Meta&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is hovering near 559.29, an important level for today&rsquo;s session. Bulls will seek to build momentum above this mark, with 565.53 as the next upside target. Sustained strength could push the price toward 573.25, and if bullish momentum dominates, Meta may reach the high target of 580.17.
If sellers overpower the bulls and break below 559.29, a move to 553.05 is likely. Continued pressure could drive the price lower to 548.44, with a breakdown opening the path toward the day&rsquo;s low target of 541.79.
<h3>Tesla Inc. </h3>
Tesla&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is trading near 340.97, a critical level for today&rsquo;s action. Bulls will look to push the price higher, targeting 346.64 as the next resistance level. If momentum continues, a test of 350.87 is possible, with a strong session potentially driving Tesla to the high bull target of 363.84.
Failure to hold 340.97 could result in bearish control, leading to a test at 333.93. Continued selling pressure may bring 327.59 into play, and a breakdown here could see Tesla moving toward the low bear target of 322.52.
Final Word:&nbsp; The final session of the week brings a series of significant economic releases. At 9:45 AM ET, we&rsquo;ll see the Preliminary S&amp;P Global Services, Composite, and Manufacturing PMI reports for November, providing insight into the economic landscape. Shortly after, at 10:00 AM ET, the University of Michigan&rsquo;s final sentiment reading for November, along with 1-year and 5-10 year inflation expectations, will take center stage.
Finally, at 11:00 AM ET, the Kansas City Fed Services Activity index for November will offer additional data for market participants to digest. With multiple key indicators on the docket, expect volatility to be heightened. Stay vigilant, monitor volume and price action closely, and approach the day with disciplined risk management. Good luck and Happy Friday!
The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.
Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day&mdash;hours before it&#39;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.
For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Market Clubhouse Morning Memo - November 22nd, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)

Microsoft Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) President, Brad Smith, has urged the U.S. government to strengthen its stance against cyber threats from foreign adversaries like Russia, China, and Iran.
In a recent <a target="_blank" href="https://www.ft.com/content/e56329e9-2cf9-4a37-b6c0-f0e0e3695e18" rel="noreferrer noopener">interview</a> with the Financial Times, Smith highlighted the increasing severity of state-sponsored cyberattacks targeting American institutions and election systems.
Speaking to the Financial Times, Smith emphasized that cybersecurity must become a core focus of international relations, particularly for the incoming Donald Trump administration.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/24/11/42120700/comcasts-spin-off-to-boost-broadband-and-streaming-growth-goldman-sachs" rel="noreferrer noopener">Comcast&#8217;s Spin-Off to Boost Broadband and Streaming Growth: Goldman Sachs</a>
He stated, &#8220;I hope that the Trump administration will push harder against nation-state cyber attacks,&#8221; citing the alarming frequency of attacks as unacceptable.
Ransomware attacks and espionage campaigns have surged, with some actors allegedly operating with tacit approval from their governments.
Recent accusations by U.S. authorities claim that Chinese entities infiltrated American telecom networks ahead of the elections.
Meanwhile, Smith criticized Russian tolerance of criminal cyber gangs, noting their increasing collaboration with nation-state groups.
As outlined in a company study, Microsoft faces over 600 million cyberattacks daily. While CEO Satya Nadella has prioritized improving security, Microsoft has faced scrutiny.
Earlier this year, a U.S. Cyber Safety Review Board report criticized the company&#8217;s security failures, which allowed Chinese hackers to breach critical email systems.
Smith acknowledged progress under the Biden administration but underscored the need for additional measures to deter foreign cyber aggressors.
He also urged policymakers to streamline export processes for U.S. digital technologies, warning that delays could allow Chinese technology to dominate regions like Africa and the Middle East.
These concerns align with efforts to restrict the export of sensitive technologies, such as AI chips, to adversaries.
In September, Microsoft hosted <a target="_blank" href="https://www.benzinga.com/news/24/09/40791329/microsoft-plans-major-cybersecurity-summit-after-global-it-outage-hits-8-5m-devices-earlier-this-yea" rel="noreferrer noopener">a cybersecurity summit</a> following a widespread IT outage caused by a faulty software update.
The outage, which affected 8.5 million Windows devices on July 19, stemmed from a CrowdStrike Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)- provided an update disrupting industries globally. Microsoft&#8217;s Redmond headquarters summit included government representatives to address cybersecurity challenges and solutions.
The incident highlighted the risks of single-vendor reliance, prompting Microsoft to evaluate restricting third-party security application access to improve system resilience.
Price Action: MSFT stock closed lower by 0.05% at $412.65 premarket at the last check on Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/11/42118134/reddit-resolves-another-outage-after-morning-disruptions-impact-72000-users" target="_blank" rel="noreferrer noopener">Reddit Suffers Second Disruption In Two Days</a></li>
</ul>
Photo by Bits And Splits on Shutterstock

CRWD

Microsoft's Brad Smith Urges Trump Government to Tackle Growing Cyber Threats

If you are a gamer, you are probably playing on a console like X Box. Three main players – Sony Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>), Nintendo and Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) &#8212; control that market.  Then there are the newcomers. They operate in the blockchain universe: the so-called Web3 games.  Analysts estimate Web3 gaming&#8217;s market size at <a href="https://www.futuremarketinsights.com/reports/web3-gaming-market">$23.9 billion</a>, about half the size of the console gaming market.
Investors have an upside here, however. Market analysts forecast Web3 gaming compound annual growth rates (CAGR) somewhere between 18.7% to 30%. Console gaming CAGR: 4.8%.
Web3 gaming taps into the cryptocurrency, decentralized blockchain hype. That is what separates them from traditional video games. In the most bullish case, the market could hit $133 billion by 2030. Analysts expect the console gaming market size to reach around <a href="https://virtuemarketresearch.com/report/web3-gaming-market">$73 billion</a> in 2027.
These forecasts might be why <a href="https://venturebeat.com/games/sony-group-and-startale-unveil-soneium-blockchain-to-accelerate-web3-innovation/">Sony is building a blockchain</a> called Soneium to support Web3 games. No word yet on rivals Microsoft and Nintendo doing the same.
"Our goal is to make Web3 games as enjoyable as the ones you play on your Xbox, but with less hassle. Browser games are more versatile; you can play them on your TV by connecting your laptop, and you can take them with you when you travel," said Riccardo Sibani, Chief Product Officer at <a href="https://www.myneighboralice.com/">My Neighbor Alice</a>, a blockchain-based game.
Web3 games are similar to traditional PC games in some ways. Some key differences are:
<ul>
<li>Wallet Connection: Most Web3 games require a cryptocurrency wallet to play. It acts as your identity and stores any in-game assets or tokens in <a href="https://www.benzinga.com/money/best-play-to-earn-crypto-games">play-to-earn games</a>.</li>
<li>Browser-based: Many Web3 games are browser-based, allowing gamers to play directly in a web browser after connecting a wallet.</li>
<li>Downloadable Clients: Complex Web3 games often require users to download a dedicated game client, similar to traditional online games. Australia-based Illuvium (<a href="https://www.benzinga.com/quote/ILV-USD">ILV</a>) is an example of this type. ILV is down considerably year-to-date.</li>
</ul>
They also differ from console games and traditional PC games as they allow for in-game transactions, which means players can buy "assets" like non-fungible tokens (NFTs). Recent market shifts destroyed these asset values from an investor standpoint.
NFT trading volumes fell by 61% from $3.1 billion to $1.2 billion dollars, <a href="https://www.coingecko.com/en/nft/global-stats">based on CoinGecko data</a>. NFT <a href="https://en.cryptonomist.ch/2024/06/06/galaxy-tokenizes-the-violin-to-obtain-a-loan-but-the-volume-of-nft-sales-collapses/" target="_blank" rel="noreferrer noopener">loan</a> volumes dropped by around 74% to $284 million. The fortunes of Web3 gaming tie many NFTs to their success. This segment of the digital assets market has not recovered from its 2021 highs <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41763299/trump-themed-cryptos-nfts-surge-in-expectations-of-former-presidents-victory-coin-inspired">despite recent gains</a>.
"A fully decentralized game, unlike console games, cannot just disappear. You keep the ownership of the items you bought, and they can be used in different games and decentralized applications," said Sibani, comparing Web3 in-game purchases to those one makes to upgrade console games that are usually not transferable to new versions of the same game. "Some major NFT collections are usable across various games. That level of interoperability is unheard of in traditional games," he said.
Paul Thomas, founder of the blockchain project <a href="https://somnia.network/">Somnia&nbsp;</a>–- a blockchain geared towards Web3 gaming and other applications &#8212; said that despite the bear market, Web3 games are getting better and the user base is growing.
"Critics say that it's time to start giving people high-quality games they can't put down, and games that they would play without the financial incentives in play-to-earn models," he said. "I think those incentives should just be an added bonus, not the main reason you're playing the game. We are seeing this shift happening already. Look at <a href="https://piratenation.game/">Pirate Nation</a> (<a href="https://coinmarketcap.com/currencies/pirate-nation/">PIRATE</a>), Parallel,or <a href="https://gameoffthegrid.com/">Off the Grid</a> &#8212; they all are engaging games that have kept people hooked. They attracted players, not just cryptocurrency speculators," he said.&nbsp;
<h3 class="wp-block-heading">Blockchain Gaming Growth Stories and Newcomers</h3>
Web3 gaming ranked fifth in the digital asset markets for venture capital raised in 2024, <a href="https://www.rootdata.com/dashboard">according</a> to RootData.
The gaming sector has attracted some $580 million in investments, ending in the third quarter. Blockchain games have about <a href="https://dappradar.com/blog/blockchain-gaming-reaches-new-record-4-2-million-daily-active-users">4.2 million</a> daily active users as of August, according to a <a href="https://cryptoslate.com/companies/dappradar/">DappRadar</a>&nbsp;report.
Gamer blockchain Ronin (<a href="https://coinmarketcap.com/currencies/ronin/">RON</a>) leads this space based on unique active wallets, thanks to super popular games like its flagship game Axie Infinity (<a href="https://www.benzinga.com/quote/AXS-USD">AXS</a>) and now Pixels.
(See Benzinga interview with Pixels founder <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37252915/exclusive-pixels-web3-gaming-revolution-luke-barwikowski-tells-all">here</a>.)
Pixels <a href="https://xangle.io/en/research/detail/1443">reportedly</a> hit <a href="https://ilogos.biz/the-state-of-web3-gaming-market-trends-opportunities-development-insights/">over 1 million daily active users</a> (DAUs) for the first time in May, although this number has since fallen to around 725,000 DAUs.
"I'm excited about games like Shrapnel (SHRAP), <a href="https://www.unioverse.com/">Unioverse</a> (a first-of-its-kind composable IP-as-a-service platform), and <a href="https://www.iconx.world/">IconX</a>(ICNX), with their tokenized game management layer for e-sports," said Alex Casassovici, CEO and Founder of <a href="https://www.azarus.io/">Azarus</a>, a&nbsp; San Francisco-based blockchain gaming and live streaming platform.
He also mentioned Off the Grid, which is traditionally a console and PC game made by Gunzilla Games out of Frankfurt. The third-person shooter game recently launched a Web3 version on Epic Store and hit 900,000 concurrent users.
"If they maintain that momentum, they could help bring Web3 gaming mainstream," Casassovici said.
Gunzilla is privately held. Accredited investors can potentially invest in Gunzilla Games through platforms like EquityZen, which offers pre-IPO shares.
Web3 is a growth story.
"Gamers are everywhere.&nbsp; Many haven't made the jump to Web3 gaming yet," said Sibani.
<h3 class="wp-block-heading">Web3 Gaming Hype and the "Degens" that Ruin Markets</h3>
The sector is a victim of its own hype. Investors have paid the price. Timing is everything in these alt-coins, which have moved wildly thanks to what the crypto market refers to as "degens".
The degens, or "degenerates" to put it bluntly, refers to the player or investor who speculates on blockchain-based games and platform tokens. They often invest heavily in new or unproven games and build up their hype. There's tons of pump and dump. That trade has killed the sector as an investment theme, and made it roulette wheel.
"There is good reason for the criticism of this market. Web3 games have been built to generate yield, not fun. They attract people looking for quick gains, but then it all crashes when the hype dies down, and users disappear," said Casassovici.
With Azarus and Stream, "It's not about players buying from each other to pump up items," Casassovici said. "Our Watch, Play, and Earn model is about creating value from activities people already enjoy, then sharing it with stakeholders. No wash trading; no market manipulation."
Thomas from Somnia predicts 2025 will see Web3 games breaking out of their primarily Web3 gamer audience and will attract more of the traditional console and PC gamer.
"Web3 has a really bad rep from console and PC players, especially in the U.S.," Thomas said. "People have a misconception that everything in Web3 is play-to-earn or is just there to exploit cryptocurrency traders. Now we are seeing a lot more games where those Web3 components are optional or hidden unless the player wants to find them. I think that this subtle introduction will work to get more gamers familiar with Web3 and realize that it&#8217;s basically just Steam (a digital distribution platform for PC games developed by Valve Corporation) with better fees and more freedom," said Thomas. "You have major game streamers like <a href="https://www.twitch.tv/shroud/videos">Shroud</a> talking about blockchain when he is playing Off the Grid," he said. "We are seeing the changes develop." 
&#x2A;The writer of this article is an investor in the Decentraland token.

Web3 Games Are Poised to Surpass Console Gaming by 2030: What Investors Need to Know

ChatGPT-parent OpenAI is reportedly considering developing a web browser to challenge Alphabet Inc. subsidiary (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&#8217;s dominance. This follows the U.S. Department of Justice's <a href="https://www.benzinga.com/government/regulations/24/11/42119020/alphabet-bleeds-over-120-billion-in-market-value-eyes-worst-day-in-10-months-after-doj-demands-google-chrome-sale">push for Google to divest Chrome browser</a>.
What Happened: OpenAI has discussed its plans with app and website developers, including notable names like Conde Nast, Redfin, Eventbrite, and Priceline, <a href="https://www.theinformation.com/articles/openai-considers-taking-on-google-with-browser">reported</a> The Information, citing people familiar with the development.
The idea is to develop a web browser that would integrate with its chatbot. The AI startup has also discussed or secured deals to power search features including travel, food, retail websites, and real estate.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/24/11/42123646/google-anthropic-deal-in-jeopardy-as-us-justice-department-looks-to-snap-online-search-monopoly">Google, Anthropic Deal In Jeopardy As US Justice Department Looks To Snap Online Search Monopoly</a>
OpenAI has also been in talks to provide AI features for Samsung Electronics Co.'s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) devices, a <a href="https://www.benzinga.com/markets/equities/24/07/39711663/samsung-unveils-phones-with-gemini-ai-integration-but-hikes-prices-will-customers-budge">major partner of Google</a>, the report noted.
The ChatGPT-maker already has a partnership with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), according to which it powers the &#8220;Apple Intelligence&#8221; features on the company's new devices.
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: Sam Altman-led OpenAI has already <a href="https://www.benzinga.com/news/24/10/41663190/openai-rolls-out-chatgpt-search-google-shares-slide">ventured into the search</a> space with its SearchGPT product.
Meanwhile, Google's hold on the search market has come under scrutiny. On Thursday, DOJ argued that Google's control of Chrome is a form of antitrust monopoly.
Alphabet's shares fell more than 6% in Thursday morning trading in New York, witnessing its largest drop since January 2024.
This decline erased over $120 billion in market value, pushing Alphabet&#8217;s valuation below the $2 trillion mark.
At the time of writing, Alphabet's market capitalization was at $2.063 trillion, making it the fifth most valuable company in the world now following Nvidia Corp., Apple, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Amazon.com Inc.
Earlier this year an internal email from Microsoft surfaced, indicating that the company&#8217;s investment in OpenAI was <a href="https://www.benzinga.com/news/24/05/38582364/microsofts-fear-of-googles-ai-dominance-led-to-openai-investment-internal-email-reveals-were-multipl">motivated by fears</a> of lagging behind Alphabet&#8217;s AI advancements.
Since 2019, Microsoft has invested roughly $14 billion in ChatGPT-parent.
Price Action: On Thursday, Alphabet's Class A shares dropped 4.74%, ending at $167.63, while Class C shares decreased 4.56%, closing at $169.24. After hours, Class A shares fell another 0.42% to $166.93, and Class C shares slipped 0.38% to $168.59, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>.
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/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">Google&#8217;s &#8216;Unlawful Behavior&#8217; Stifles Market Entry For Rivals: DOJ Says Alphabet Must Sell Chrome To End Search Monopoly</a></li>
</ul>
Photo courtesy: Shutterstock

SSNLF

ChatGPT-Parent OpenAI Considers Building Its Own Web Browser To Challenge Google's Search Monopoly, Following DOJ Push To Break Up Chrome Dominance

NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continues to dominate the artificial intelligence landscape, with CNBC&#8217;s Jim Cramer and Wall Street analysts reinforcing their bullish outlook following <a href="https://www.benzinga.com/news/earnings/24/11/42099904/nvidia-beats-q3-revenue-eps-estimates-supply-constraints-ding-stock-huang-says-age-of-ai-is-in-full-steam">the company&#8217;s stellar third-quarter earnings report</a>.
What Happened: &#8220;The demand is accelerating because the payoff is so great,&#8221; Cramer <a href="https://www.cnbc.com/2024/11/21/demand-for-nvidia-products-isnt-letting-up-jim-cramer-says.html">said</a> on Thursday, citing CEO Jensen Huang&#8216;s assertion that customers earn five dollars for every dollar invested in Nvidia chips. 
This compelling return on investment, Cramer argues, makes Nvidia&#8217;s products essential for major tech companies. &#8220;That means they have no choice but to buy Nvidia's chips,&#8221; he said. 
The sentiment is echoed by Wedbush&#8216;s Dan Ives, who called the results a &#8220;jaw-dropper.&#8221; Ives predicts the Nasdaq could surge to 25,000, <a href="https://www.benzinga.com/markets/equities/24/11/42102642/nvidia-delivered-jaw-dropping-q3-earnings-says-dan-ives-this-is-the-fourth-revolution-playing-out-in-front-of-our-eyes">driven by an extraordinary multiplier effect</a> where &#8220;one dollar spent on GPU chips translates to an $8 to $10 impact across the tech sector.&#8221;
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42127938/bitcoin-analyst-warns-of-4-6-flash-crashes-before-year-end-as-it-inches-closer-to-100k-thats-the-moment-altcoins-shoot-off">Bitcoin Analyst Warns Of &#8216;4-6 Flash Crashes&#8217; Before Year-End As It Inches Closer To $100K</a>
Why It Matters: Nvidia reported third-quarter revenue of $35.1 billion, up 94% year-over-year, with Data Center revenue alone reaching $30.8 billion. The company&#8217;s CFO Colette Kress projects gross margins will temporarily dip to the low 70% range as the <a href="https://www.benzinga.com/24/11/42102796/nvidia-projects-gross-margin-recovery-as-blackwell-systems-drive-unprecedented-ai-demand">new Blackwell systems ramp up production</a>.
Rosenblatt analyst Hans Mosesmann maintained a Buy rating while <a href="https://www.benzinga.com/24/11/42121003/nvidia-to-rally-more-than-50-here-are-10-top-analyst-forecasts-for-thursday">raising the price target</a> from $200 to $220. 
This optimism is reflected in a <a href="https://www.benzinga.com/tech/24/11/42121665/could-another-magnificent-7-stock-beat-nvidia-in-2025-poll-says-not-likely-27-pick-this-potential-winner">recent Benzinga poll</a>, where 48% of respondents believed Nvidia would continue to dominate the &#8220;Magnificent Seven&#8221; stocks in 2025, followed by Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) at 27%.
Huang describes this period as &#8220;the beginnings of two fundamental shifts in computing,&#8221; highlighting the transition to <a href="https://www.benzinga.com/24/11/42102796/nvidia-projects-gross-margin-recovery-as-blackwell-systems-drive-unprecedented-ai-demand">machine learning and AI&#8217;s emergence</a> as an industrial capability. The company projects fourth-quarter revenue of $37.5 billion, with Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) already planning AI computing clusters scaling to over 131,000 Blackwell GPUs.
Price Action: Nvidia&#8217;s stock has surged more than 196% year-to-date, significantly outperforming the broader market and its &#8220;Magnificent Seven&#8221; peers, including Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) at 23.3% and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) at 11.4%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42124676/november-small-cap-surge-could-carry-into-decembers-santa-rally-historical-trends-suggest">November Small-Cap Surge Could Carry Into December&#8217;s Santa Rally, Historical Trends Suggest</a></li>
</ul>
Image Via Flickr
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Jim Cramer Doubles Down On Nvidia: 'Demand Is Accelerating' As AI Customers 'Have No Choice' But To Buy Its Chips

Regulators are looking to block Google <a href="https://www.benzinga.com/news/large-cap/23/10/35474706/googles-ai-ambitions-grow-with-major-investment-in-openai-rival-anthropic">from investing $2 billion</a> in Anthropic, a Jeff Bezos-backed rival to artificial intelligence (AI) innovator OpenAI.
What Happened: The U.S. Department of Justice (DOJ) recommended in <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">a court filing Wednesday</a> that Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google divest its Chrome browser to dismantle its monopoly on online search. 
It doesn&#8217;t end there. Google should be barred from doing any deals with companies that control where consumers search for information, regulators say. That includes AI products. This puts Google's Anthropic investment at risk, according to <a href="https://www.bloomberg.com/news/articles/2024-11-21/us-justice-department-seeks-to-unwind-google-s-anthropic-deal">Bloomberg</a>, citing unnamed sources.
Also Read: <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42121215/nvidia-post-earnings-jitters-can-nvda-stock-regain-its-ai-fueled-momentum">Nvidia&#8217;s Post-Earnings Jitters: Can NVDA Stock Regain Its AI-Fueled Momentum?</a>
Google boasts over 91% global market share when it comes to online search, per&nbsp;<a href="https://gs.statcounter.com/search-engine-market-share" target="_blank" rel="noreferrer noopener">GlobalStats</a>.&nbsp;
Why It Matters: Google needs Anthropic, or startups like it. Without it, Google is at a disadvantage, considering every major tech company is essentially in an AI arms race. 
Since OpenAI&#8217;s ChatGPT launch in late 2022, tech giants have heavily invested in AI startups.
But Google&#8217;s Anthropic deal is raising concerns overseas as well.
Last month, U.K. antitrust officials announced an investigation into whether Google&#8217;s pursuit of Anthropic <a href="https://www.gov.uk/cma-cases/alphabet-inc-google-llc-slash-anthropic-merger-inquiry" target="_blank" rel="noreferrer noopener">could harm competition</a>. 
Meanwhile, Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) managed to avoid scrutiny. <a href="https://www.benzinga.com/m-a/24/09/41067395/amazons-partnership-with-jeff-bezos-backed-anthropic-gets-green-signal-from-uk-competition-watchdog" target="_blank" rel="noreferrer noopener">The UK&#8217;s competition regulator</a> recently approved the partnership between Amazon and Anthropic, despite the Seattle-based company&#8217;s significant $4 billion investment in the company.
Britain&#8217;s Competition and Markets Authority (CMA) confirmed the partnership does not fall under its jurisdiction.
Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) also appeased regulators when it <a href="https://www.benzinga.com/markets/equities/24/07/39703459/microsoft-relinquishes-observer-role-on-openais-board-says-it-is-confident-in-companys-direction" target="_blank" rel="noreferrer noopener">relinquished its board observer</a> role at OpenAI. The Redmond, Washington-based company invested over $10 billion in the AI startup.
What&#8217;s Next: A decision on whether the UK will require further investigation is expected by Dec. 19.
In the U.S., Google plans to appeal Judge Amit Mehta&#8216;s <a href="https://www.benzinga.com/government/24/08/40169996/alphabet-loses-antitrust-suit-over-google-search-dominance-report">antitrust ruling in August</a>. 
Mehta&#8217;s decision could ultimately lead to Google divesting segments of its business, <a href="https://www.benzinga.com/government/regulations/24/11/42119020/alphabet-bleeds-over-120-billion-in-market-value-eyes-worst-day-in-10-months-after-doj-demands-google-chrome-sale">including Chrome</a>.
Price Action: Alphabet was down 4.5% to $169.24 on Thursday.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42121525/microstrategy-surges-674-in-2024-5-etfs-that-benefit-from-mstrs-bitcoin-driven-growth">MicroStrategy Surges 674% In 2024: 5 ETFs That Benefit From MSTR&#8217;s Bitcoin-Driven Growth</a></li>
</ul>
Image: Shutterstock

Politics

Google, Anthropic Deal In Jeopardy As US Justice Department Looks To Snap Online Search Monopoly

Ark Invest CEO Cathie Wood has laid out several price targets for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) including a bull case of $3.8 million if more companies add the cryptocurrency to their balance sheet. Benzinga readers see this price target as not likely to be reached by<a href="https://www.benzinga.com/general/education/24/11/42017619/heres-how-much-100-in-bitcoin-could-be-worth-in-2030-if-cathie-woods-price-target-is-reached"> Wood's projection of 2030.</a>
What Happened: Wood has shared several price targets for Bitcoin over the years, which might seem more realistic given that the leading cryptocurrency <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42109267/bitcoin-hits-new-all-time-high-above-98000-as-spot-etfs-crack-100-billion-net-asset-value-milestone" target="_blank" rel="noopener">has hit</a><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42109267/bitcoin-hits-new-all-time-high-above-98000-as-spot-etfs-crack-100-billion-net-asset-value-milestone"> multiple all-time highs </a>since the 2024 presidential election.
Earlier this year, Wood laid out <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/02/30660447/cathie-woods-ark-sees-bitcoin-joining-trillion-dollar-club-by-2030-here-are-its-bea" target="_blank" rel="noreferrer noopener">her price targets </a>for Bitcoin based on a bear case, base case and bull case for the year 2030. Wood also added a new bull case that includes the highest price Bitcoin <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37902973/cathie-wood-says-bitcoin-could-skyrocket-to-3-8m-by-2030-thanks-to-institutional-gr" target="_blank" rel="noreferrer noopener">could potentially reach by 2030</a> if companies allocated 5% to Bitcoin.
<ul>
<li>The price targets are:</li>
<li>Bear Case: $258,500</li>
<li>Base Case: $682,000</li>
<li>Bull Case: $1,480,000</li>
<li>Bullish Case: $3,800,000</li>
</ul>
Benzinga recently asked readers if they thought Wood's highest price target could be reached by the year 2030.
"Will Cathie Wood's Bitcoin price prediction of $3.8 million by 2030 come true?" Benzinga asked.
The results were:
<ul>
<li>No, Bitcoin will never reach $3.8 million: 34%</li>
<li>No, Bitcoin won't reach $3.8 million by 2030: 25%</li>
<li>Bitcoin could reach $3.8 million, but not by 2030: 24%</li>
<li>Yes, Bitcoin will reach $3.8 million by 2030: 17%</li>
</ul>
The poll found that only 17% of readers said that Bitcoin is likely to hit $3.8 million by 2030. The highest percentage of readers said Bitcoin will never reach the $3.4 million price target. The remaining readers see Bitcoin potentially hitting $3.8 million, but it will come after 2030.
Read Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/08/34028505/exclusive-why-does-cathie-wood-think-bitcoin-is-going-to-1-million-what-does-she-know-that" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Why Does Cathie Wood Think Bitcoin Is Going To $1 Million — What Does She Know That We Don't?</a>
Why It's Important: Part of Wood's thesis hinges on corporations adding Bitcoin to their balance sheet.
MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) is the most famous example of this. The software company continues to invest its profits in Bitcoin and <a href="https://www.benzinga.com/24/11/42118133/short-seller-andrew-left-targets-microstrategy-stock-as-hedge-against-bullish-bitcoin-bet-completely-detached-from-btc-fundamentals" target="_blank" rel="noopener">borrow to continue investing</a> in Bitcoin.
Other companies, such as Tesla Inc. and Block Inc., added Bitcoin to their balance sheets, but in lower quantities than MicroStrategy.
MicroStrategy Chairman Michael Saylor recently said <a href="https://www.benzinga.com/24/11/42079799/microstrategys-michael-saylor-to-advocate-for-bitcoin-investment-at-microsoft-board-meeting-offers-to-educate-rumble-ceo-with-the-strategy">he will be presenting</a> to the Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Board of Directors on why the tech giant should add Bitcoin to their balance sheet. The item was proposed to the company and could mark one of the largest companies to buy Bitcoin if the deal goes through.
Saylor also said he would advise Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>), whose CEO is considering buying Bitcoin.
There is also the potential that the new White House administration will advance<a href="https://www.benzinga.com/news/events/24/11/42071064/exclusive-anthony-pompliano-calls-for-us-to-buy-250b-bitcoin-on-day-1-of-trump-administration-protect-our-future-its-such-a-no-brainer"> calls to buy Bitcoin</a> for a strategic reserve.
With a fixed maximum supply of 21 million Bitcoin, the demand from corporations and country governments to add BTC to reserves and balance sheets would likely spike the price, which was the key thesis of Wood's price target.
Wood recently reiterated her price targets in a CNBC <a href="https://x.com/BitcoinMagazine/status/1857483221857865879" target="_blank" rel="noreferrer noopener">interview</a><a href="https://x.com/BitcoinMagazine/status/1857483221857865879" target="_blank" rel="noopener">,</a> highlighting Ark Invest&#8217;s early investment in Bitcoin.
&#8220;We were the first public asset manager to gain exposure to Bitcoin in 2015 at $250,&#8221; Wood said.
Wood said that even with Bitcoin trading at around $90,000, the company believes there is a long way to go.
The fund manager said that getting regulatory relief with a new administration is one of the most important things for Bitcoin. Wood also sees Bitcoin being viewed as a new asset class, leading to more institutions and asset allocators wanting to invest in the top cryptocurrency.
Wood's Ark Invest&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36605838/ark-invest-ceo-cathie-wood-projects-a-single-bitcoin-could-be-worth-1-5m-by-2020-probabili" target="_blank" rel="noreferrer noopener">was also one of several companies&nbsp;</a>to have a Bitcoin ETF approved by the SEC with its&nbsp;Ark 21 Shares Bitcoin ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>).
BTC Price Action: Bitcoin trades at $98,617.47 at the time of writing and is up 123% year-to-date in 2024. A <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41951961/bitcoin-to-100k-benzinga-readers-predict-if-btc-can-hit-new-milestone-before-end-of-2024">recent Benzinga poll </a>found that 73% of readers believe Bitcoin will reach $100,000 by the end of 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/social-media/24/11/42119493/rumble-eyes-buying-bitcoin-could-it-be-the-next-microstrategy">Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally</a></li>
</ul>
The study was conducted by Benzinga from Nov. 14 through Nov. 15, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 156 adults.
Image created using a photo from Ark Invest and Midjourney.

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

Cryptocurrency

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

MSTR

Cathie Wood's $3.8 Million Bitcoin Vision Met With Doubt: 83% Say Not By 2030

Over half of the Magnificent 7 stocks have outperformed the S&amp;P 500 in 2024 and all seven have produced higher five-year returns. Benzinga readers pick which Magnificent 7 stock could have the best 2025 and if anyone can catch Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which continues to<a href="https://www.benzinga.com/news/earnings/24/11/42099904/nvidia-beats-q3-revenue-eps-estimates-supply-constraints-ding-stock-huang-says-age-of-ai-is-in-full-steam"> beat analyst estimates.</a>
What Happened: Nvidia stock is up 199% year-to-date in 2024 and could have more upside ahead according to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42119226/nvidia-analysts-see-stock-best-positioned-in-ai-not-worried-about-guidance-all-systems-go-for-blackwell-ramp">analyst price targets </a>after the company's third-quarter beat and raised guidance.
Benzinga recently asked readers if any of the <a href="https://www.benzinga.com/topic/magnificent-seven">Magnificent 7 stocks</a> could post stronger stock growth than Nvidia in the next year.
"In 2025, which Magnificent 7 stock could outpace Nvidia in growth?" Benzinga asked.
The results were:
<ul>
<li>None – Nvidia will dominate: 48%</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): 27%</li>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): 8%</li>
<li>Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>): 7%</li>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>): 6%</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): 3%</li>
<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>): 2%</li>
</ul>
The poll found the near-majority predicting Nvidia will have the strongest growth in 2025 and dominate the Magnificent 7 stocks once again.
Coming in second place, and the stock that could have the best chance to pass Nvidia according to readers, was Tesla at 27%. This might not be a huge surprise given Tesla's five-year return is the next closest to Nvidia's when looking at the Magnificent 7 stocks.
Here are the current year-to-date and five-year returns of the Magnificent 7 stocks:
<ul>
<li>NVDA: YTD +199.1%, 5-Year +2,634.2%</li>
<li>TSLA: YTD +38.2%, 5-Year +1,446.2%</li>
<li>AMZN: YTD +31.3%, 5-Year +125.5%</li>
<li>META: YTD +61.3%, 5-Year +181.0%</li>
<li>GOOG: YTD +19.7%, 5-Year +158.0%</li>
<li>MSFT: YTD +11.4%, 5-Year +176.2%</li>
<li>AAPL: YTD +23.3%, 5-Year +249.7%</li>
</ul>
Perhaps most surprising in the poll was Apple finishing last despite having the third-best stock performance over the last five years.
Compare the returns above to the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500, which is up 25.3% year-to-date and up 90.4% over the last five years.
Meanwhile, the Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>), which invests in the Magnificent Seven stocks, is up 55.7% year-to-date. The ETF has not been around for five years to track that performance. 
Are you buying when the CEOs of the Magnificent 7 are selling?
<ul>
<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
</ul>
Why It's Important: A <a href="https://www.benzinga.com/tech/24/11/42093025/will-nvidia-deliver-a-blowout-beat-in-q3-poll-says-maybe-not-but-over-half-see-stock-clearing-150">recent Benzinga poll</a> asked readers to predict if Nvidia would beat, miss or meet earnings estimates in the third quarter.
The results were:
<ul>
<li>Meets expectations: 45%</li>
<li>Blowout Beat: 42%</li>
<li>Misses expectations: 13%</li>
</ul>
The majority of Benzinga readers expected the company to meet or beat the estimates from analysts. While more readers expected the company to meet estimates, 42% believed the company would beat estimates Wednesday.
Benzinga readers also predicted what an earnings beat could mean for Nvidia stock going forward.
&#8220;If Nvidia shatters expectations, how high could its stock go by the end of 2024?&#8221; Benzinga asked.
The results were:
<ul>
<li>$150 to $180: 55%</li>
<li>$180 to $200: 26%</li>
<li>Above $200: 18%</li>
</ul>
Nvidia shares traded down in after-hours Wednesday before reversing to the green in early Thursday trading. The stock is down 0.5% to $145.20 Thursday at the time of writing.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/08/40602271/ready-to-retire-on-a-single-magnificent-7-stock-poll-reveals-top-pick-and-its-not-apple" target="_blank" rel="noreferrer noopener">Ready To Retire On A Single Magnificent 7 Stock? Poll Reveals Top Pick —And It's Not Apple</a></li>
</ul>
The study was conducted by Benzinga from Nov. 19 through Nov. 20, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 128 adults.
Image: Unsplash

MAGS

Could Another Magnificent 7 Stock Beat Nvidia In 2025? Poll Says Not Likely, 27% Pick This Potential Winner

Alternative online video platform Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) CEO Chris Pavlovski is considering adding Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to the company's balance sheet. Here's <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42102652/michael-saylors-microstrategy-takes-wall-street-by-storm-becomes-second-most-traded-stock-after-nvidia">what investors need to know.</a><a href="https://www.benzinga.com/24/11/42079799/microstrategys-michael-saylor-to-advocate-for-bitcoin-investment-at-microsoft-board-meeting-offers-to-educate-rumble-ceo-with-the-strategy"> </a>
The Details: On Tuesday, Pavlovski asked, "Should Rumble add Bitcoin to its balance sheet?" in a post on the social media platform X.&nbsp;
<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">Should Rumble add Bitcoin to its balance sheet?
&mdash; Chris Pavlovski (@chrispavlovski) <a href="https://twitter.com/chrispavlovski/status/1858943901983498298?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The post triggered a response from MicroStrategy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) executive chairman and Bitcoin bull Michael Saylor, who offered to discuss with Pavlovski "why and how" the company may want to invest in Bitcoin. 
<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">Yes. I would be happy to discuss why &amp; how with you.
&mdash; Michael Saylor&#x26a1;&#xFE0F; (@saylor) <a href="https://twitter.com/saylor/status/1858945523258159169?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Pavlovski responded with "DM'ing you now."&nbsp;
Read More: <a href="https://www.benzinga.com/etfs/24/11/42044642/trump-appears-frustrated-as-elon-musk-chimes-in-on-treasury-secretary-adds-more-names-to-a-list-of-potential-picks">Trump Appears &#8216;Frustrated&#8217; As Elon Musk Chimes In On Treasury Secretary, Adds More Names To Short List&nbsp;</a>
Saylor's MicroStrategy has dubbed itself a "Bitcoin Development Company" and currently holds 331,200 Bitcoins, making it the largest institutional holder of the cryptocurrency. MicroStrategy's stock has become a Bitcoin proxy and is up by more than 600% in 2024 and over 100% in the last month alone. 
During a recent X space hosted by asset manager VanEck, Saylor encouraged <a href="https://www.benzinga.com/24/11/42079799/microstrategys-michael-saylor-to-advocate-for-bitcoin-investment-at-microsoft-board-meeting-offers-to-educate-rumble-ceo-with-the-strategy">other companies </a>to hold the cryptocurrency in their reserves.&nbsp;
"I think it's not a bad idea to put it on the agenda of every company. It ought to be put on the agenda of Berkshire Hathaway, Apple, and Google because they all have huge hordes of cash and they're all burning shareholder value," Saylor said
Several companies have <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41683531/michael-saylor-calls-microstrategy-the-public-equity-play-on-bitcoin-maximalism-heres-whos">recently adopted</a> the Bitcoin strategy including Semler Scientific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) and Metaplanet, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FNTZF#OTC">FNTZF</a>). Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) will be hosting Saylor to present a case for Bitcoin investment to its board of directors.&nbsp;
Why It Matters: Rumble's Pavloski followed up his original post with a poll asking if Rumble should invest in Bitcoin. 43,790 people responded, and 93.9% of respondents replied, "Yes." 
<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">Lets put this in a poll format&#8230; Should Rumble add Bitcoin to its balance sheet?
&mdash; Chris Pavlovski (@chrispavlovski) <a href="https://twitter.com/chrispavlovski/status/1858977485310025888?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Rumble shares rose 9% in after-hours trading Tuesday after Pavlovski posted the Bitcoin investment questions to his social media account. Investors will be watching for further developments from the company.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
</ul>
Image:&nbsp;Liam Ortiz from Pixabay

Social Media

Movers

FNTZF

SMLR

Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has launched a long-awaited feature for Xbox Game Pass Ultimate members, allowing them to stream select games they already own via Xbox Cloud <a href="https://www.benzinga.com/general/gaming">Gaming. </a>
This <a href="https://www.benzinga.com/general/gaming/24/10/41318405/microsoft-to-test-cloud-gaming-for-owned-xbox-games-in-november-report">long-in-development addition</a> has been a goal since 2019, but its rollout faced delays due to the challenge of preparing infrastructure for thousands of titles.
<h3 class="wp-block-heading">A Promising Start, But Limited Scope</h3>
As of today, only 50 games are compatible with the feature, the company<a href="https://news.xbox.com/en-us/2024/11/20/stream-your-own-game-xbox-cloud-gaming-beta/"> announced</a> in a blog post. Despite the modest start, the lineup includes high-profile blockbusters like Baldur's Gate 3, Cyberpunk 2077, Star Wars Outlaws, and Call of Duty: Modern Warfare II, alongside beloved indie titles like Dredge, Phasmophobia, and The Plucky Squire.
See Also:<a href="https://www.benzinga.com/general/gaming/24/11/42098642/play-ps5-games-without-a-console-playstation-portal-adds-cloud-streaming"> Play PS5 Games Without A Console: PlayStation Portal Adds Cloud Streaming</a>
While this is just a fraction of the Xbox catalog, Microsoft has confirmed that the list will grow over time as partnerships expand globally. "Our library of cloud-playable titles will continue to grow," Microsoft stated.
<h3 class="wp-block-heading">Compatibility And Future Expansion</h3>
Currently, the feature supports streaming on TVs and browsers via devices such as tablets, smartphones, and Meta Quest headsets. However, console owners will need to wait until next year for functionality on Xbox consoles and the Xbox app on Windows.
The release coincides with Sony's expansion of its own cloud gaming offerings, highlighting the intensifying competition in the space. Xbox Cloud Gaming's new feature sets the stage for further innovations as Microsoft positions itself as a leader in cloud-based gaming.
<h3 class="wp-block-heading">How To Get Started</h3>
To stream your games:
<ol>
<li>On PC, smartphones, and tablets:
<ul>
<li>Use a supported browser like Microsoft Edge, Google Chrome, or Safari.</li>
<li>Visit <a href="https://xbox.com/play">xbox.com/play</a>.</li>
<li>Sign into your Xbox Game Pass Ultimate account.</li>
<li>Look for the "Stream your own game" section and start playing.</li>
</ul>
</li>
<li>On TVs and VR headsets:
<ul>
<li>Download the Xbox app on supported devices.</li>
<li>Pair a compatible Bluetooth controller, such as the Xbox Wireless Controller or PlayStation DualSense.</li>
</ul>
</li>
</ol>
<h3 class="wp-block-heading">Over 50 Games Ready To Play</h3>
Here's the full list of titles you can stream starting today:
<ul>
<li>Animal Well</li>
<li>Assassin's Creed Mirage</li>
<li>Avatar: Frontiers of Pandora</li>
<li>Balatro</li>
<li>Baldur's Gate 3</li>
<li>Banishers: Ghosts of New Eden</li>
<li>Call of Duty: Modern Warfare II (2022)</li>
<li>The Casting of Frank Stone</li>
<li>Cyberpunk 2077</li>
<li>Dragon Quest III HD-2D Remake</li>
<li>Dredge</li>
<li>Dying Light 2 Stay Human</li>
<li>Farming Simulator 25</li>
<li>Fear the Spotlight</li>
<li>Final Fantasy XIV Online</li>
<li>Final Fantasy</li>
<li>Final Fantasy II</li>
<li>Final Fantasy III</li>
<li>Final Fantasy IV</li>
<li>Final Fantasy V</li>
<li>Final Fantasy VI</li>
<li>Hades</li>
<li>Harry Potter: Quidditch Champions</li>
<li>High On Life</li>
<li>Hitman World of Assassination</li>
<li>Hogwarts Legacy</li>
<li>House Flipper 2</li>
<li>Kena: Bridge of Spirits</li>
<li>Lego Harry Potter Collection</li>
<li>Life is Strange: Double Exposure</li>
<li>Metro Exodus</li>
<li>Mortal Kombat 1</li>
<li>NBA 2K25</li>
<li>PGA Tour 2K23</li>
<li>Phasmophobia</li>
<li>Prince of Persia: The Lost Crown</li>
<li>Rust Console Edition</li>
<li>7 Days to Die</li>
<li>Star Wars Outlaws</li>
<li>Stray</li>
<li>The Crew Motorfest</li>
<li>The Outlast Trials</li>
<li>The Plucky Squire</li>
<li>The Witcher 3: Wild Hunt</li>
<li>Tom Clancy's The Division 2</li>
<li>TopSpin 2K25</li>
<li>Undertale</li>
<li>Visions of Mana</li>
<li>Warhammer 40,000: Space Marine 2</li>
<li>WWE 2K24</li>
</ul>
Read Next: 
<a href="https://www.benzinga.com/general/gaming/24/11/41948549/xbox-handheld-a-few-years-out-says-microsoft-gaming-ceo-hints-at-cross-platform-games-new-acquisitions">Xbox Handheld &#8216;A Few Years Out,&#8217; Says Microsoft Gaming CEO; Hints At Cross-Platform Games, New Acquisitions</a>
Image credits: Shutterstock.

Gaming

Xbox Cloud Gaming Now Lets You Stream Owned Games: Here's How It Works

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/2024/11/2024-11-21_08h52_20.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Nvidia Dips Aggressively Bought</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-nvidia-earnings-nvda-mc-11212024">click here</a> for an enlarged chart of NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of NVDA stock is being used to illustrate the point. As full disclosure, NVDA is part of The Arora Report&#8217;s ZYX Buy Model Portfolio.</li>
<li>The chart shows the dip in NVDA stock has been aggressively bought.</li>
<li>The chart shows that NVDA stock dipped into the support zone after earnings.&nbsp; The buying in NVDA this morning has been extremely aggressive as illustrated by the fact that NVDA traded as high as $149.40 vs. the prior high of $149.77.</li>
<li>The chart shows the NVDA bounced from the support zone to the resistance zone.</li>
<li>As of this writing, NVDA stock is very volatile.</li>
<li>In The Arora Report analysis, a tell for the stock market will be to see if NVDA stock breaks out or retraces back to the support zone.</li>
<li>Nvidia reported earnings better than the consensus numbers, better than some whisper numbers, but less than the top end of the whisper numbers.</li>
<li>Overheating was a big concern going into earnings.&nbsp; It appears that most of the overheating issues have been resolved.&nbsp; Here are the key points from Nvidia earnings:
<ul>
<li>Nvidia CEO Jensen Huang said, "The age of AI is in full steam, propelling a global shift to Nvidia computing."</li>
<li>Blackwell demand is likely to exceed supply in FY26.</li>
<li>Hopper demand is also very strong.</li>
<li>Nvidia is working on the next data center architecture that will improve production yields.</li>
<li>Nvidia expects enterprise AI, industrial AI, and robotics to continue to increase.</li>
<li>Nvidia beat on revenue.
<ul>
<li>Data center revenue and automotive revenue hit records.</li>
<li>Gaming revenue increased 15% from last year.</li>
<li>Professional visualization revenue increased 17% from last year.</li>
</ul>
</li>
</ul>
</li>
<li>The fact that NVDA dips are being aggressively bought is helping the overall stock market.</li>
<li>Also helping the stock market this morning is Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) approaching $100K.</li>
<li>Sentiment is extremely positive.</li>
<li>Investors are buying stocks and cryptos with total abandon.&nbsp; If it was not for the positive seasonality and year end chase, this kind of reckless buying would have resulted in increasing the protection band because extreme positive sentiment is historically a sell signal.&nbsp; However, The Arora Report call remains to buy the dips because the year end chase is likely to trump all other factors.&nbsp; In year end chase, even bearish money managers aggressively buy stocks to keep up with their benchmarks.</li>
<li>Initial jobless claims came at 213K vs. 221K consensus.&nbsp; This indicates that the job market is very strong.&nbsp; This is another data point that shows that the Fed should not have been cutting interest rates as aggressively as it did. In the short term, the Fed's actions have poured gasoline over the fire to aggressively buy stocks and cryptos.</li>
</ul>
<h3 class="wp-block-heading">First ICBM Fired</h3>
The first operational intercontinental ballistic missile (ICBM) was developed by Russia in 1957, followed by development by the U.S. in 1959.&nbsp; To the best of our knowledge, Russia has fired the first ICBM in battle since its invention.&nbsp; This is Russia's response to Ukraine firing U.S. and British long range missiles on Russian territory.
In The Arora Report analysis, both Russia and Ukraine are escalating the conflict to gain an advantage before Trump stops the war.&nbsp; These developments have major implications for investors.&nbsp;
<h3 class="wp-block-heading">Problem For India</h3>
Gautam Adani is the most important industrialist in India.&nbsp; He is also very closely allied with India&#8217;s Prime Minister Modi.&nbsp; The U.S. Department of Justice has just indicted Adani for bribes in solar contracts.
The Indian stock market has fallen on the news.  In The Arora Report analysis, some foreign money is going to flow out of India on this development.  The Arora Report call has been to steadily take partial profits on India positions Fairfax India Holdings Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FFXDF#OTC">FFXDF</a>), WisdomTree India Earnings Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPI#NYSE">EPI</a>), iShares MSCI India Small-Cap ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/SMIN#BATS">SMIN</a>), and VanEck India Growth Leaders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLIN#NYSE">GLIN</a>).  The Arora Report&#8217;s call yesterday evening was to take more partial profits on India positions.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive 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>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and NVDA.
In the early trade, money flows are neutral in 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 Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).
In the early trade, money flows are positive 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 is approaching $100K.
<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.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<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>.

FFXDF

GLIN

SMIN

Nvidia Aggressively Bought, Russia Fires First Intercontinental Ballistic Missile, Adani Indicted

Good Morning Traders! In today&#39;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#39;s pulse to optimize your trading gains. Now, let&#39;s dive into the stock analysis:
<h3>SPDR S&amp;P 500 ETF Trust</h3>
SPY&nbsp;(ARCA: SPY) is currently trading near the 592.00 level, a critical area for today&#39;s session. If bulls maintain control above this mark, the first target on the upside is 593.73, which would indicate strengthening buy momentum. If this level holds during regular trading hours, buyers are likely to push the price toward 596.57. Sustained bullish activity above 596.57 could bring the high-interest zone of 598.04 into focus, with the ultimate target on the day at 599.24 if the broader market sentiment aligns.
On the flip side, failure to hold 592.00 as a support level could embolden the bears. A test of 589.71 would be the next likely scenario. If sellers remain active below this point, deeper downside exploration toward 587.31 could occur. Breaking this level might lead to a move lower to 585.75, with a potential daily bear target at 584.68 if selling pressure intensifies.
<h3>Invesco QQQ Trust Series 1</h3>
QQQ (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) is hovering around the key 504.44 level, a pivotal area for bulls to defend. Holding this support could set the stage for a rally toward 506.68, with sustained buying potentially extending gains to 509.87. A bullish momentum breakout above 509.87 could lead to a push toward 511.53, with 513.64 standing as the high bull target for the day.
Conversely, a failure to maintain 504.44 as support could shift control to the bears. An initial move down to 502.65 would be on the table, with further selling likely driving prices to 501.07. Continued downside momentum could open the door to 499.44, and the low bear target at 498.37 may come into play if selling accelerates during the session.
<h3>Apple Inc. </h3>
Apple&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is trading near 229.03, a key level that bulls need to defend to maintain upward momentum. If buyers succeed, a move toward 230.25 is expected, with potential continuation to 231.76 on strong buying interest. A decisive break above this level could target 233.28, the high bull target for the day, especially if broader market conditions remain supportive.
Should 229.03 fail to hold as support, the bears could take control and test 227.82. Breaking this level might prompt further declines to 226.90, with a potential move lower to 226.08. If bearish momentum persists, the price could test the low bear target of 225.31.
<h3>Microsoft Corp.</h3>
Microsoft&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is currently near 416.32, a crucial level to watch. A hold above this point could spur bullish momentum, leading to a test of 417.25. Sustained strength above this area might drive prices higher to 419.17, with the high bull target for the session set at 420.26 if buyers dominate.
Failure to maintain 416.32 as a support level could lead to bearish activity, testing 414.56. If selling pressure continues, the next target is 413.14. A breakdown below this area could see the price move toward 411.72, with the low bear target of 410.64 within reach on heavy downside pressure.
NVIDIA Corporation 
NVIDIA&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) is positioned near 144.21, a key level for today&#39;s session. Bulls need to drive the price toward 145.61 to establish solid support. From there, continued buying could lift the stock to 147.06, with additional momentum targeting 148.52. The high bull target stands at 150.32, achievable if bullish sentiment dominates the session.
Should 144.21 fail to act as support, bears will likely push the price toward 142.35. A break below this level could bring 141.21 into play, with further declines potentially targeting 140.28. If selling intensifies, the low bear target of 139.42 may be tested.
<h3>Alphabet Inc Class A</h3>
Alphabet&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) is trading near 175.12, a significant level for bulls to defend. If they succeed, an upward move to 176.23 is likely, with continued strength targeting 177.28 as the high bull target. Positive sentiment in the broader market could further support this bullish trajectory.
If 175.12 fails as support, bears may drive the price to 174.01. Additional selling could lead to a test of 172.28, with 171.14 as the low bear target for the day if bearish momentum accelerates.
<h3>Meta Platforms Inc</h3>
Meta&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is trading around 565.53, a key pivot level for today&#39;s session. Bulls need to maintain this level to aim for a move toward 573.25. Sustained buying above 573.25 could drive prices to 580.17, with the high bull target for the day at 585.73 if strong momentum persists.
If 565.53 is lost as support, bears will likely test 559.29. A breakdown below this point could lead to further selling pressure toward 553.05, with the low bear target at 548.44 in play if sellers maintain control.
<h3>Tesla Inc.</h3>
Tesla&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is trading around 340.97, a key level to watch closely. Bulls will aim to push the price toward 346.64 as a first target. If bullish momentum continues, 350.87 could come into play, with a strong rally potentially leading to a test of 356.80. The high bull target for the day is 363.84 if buyers maintain control throughout the session.
On the other hand, losing 340.97 as support could pave the way for bears to test 333.93. A break below this level might prompt further declines to 327.59, with 322.52 as the low bear target if sellers dominate the session.
Final Word:&nbsp; The trading day starts with a flurry of critical economic data. Initial and Continuing Jobless Claims are due at 8:30 AM ET, alongside the Philly Fed Business Outlook for November. These reports will provide insights into labor market trends and regional manufacturing conditions. At 8:45 AM ET, Fed voting member Beth Hammack will deliver remarks, potentially offering clues about future monetary policy.
At 10:00 AM ET, the Leading Index and Existing Home Sales data for October will be released, shedding light on economic momentum and housing market health. Midday action includes the Kansas City Fed Manufacturing Activity at 11:00 AM ET, followed by speeches from non-voting Fed member Austan Goolsbee and Beth Hammack at 12:25 PM ET and 12:30 PM ET, respectively. The 10-Year TIPS Auction at 1:00 PM ET adds another layer of complexity to the session. Additionally, markets are digesting NVIDIA&#39;s earnings surprise, which could fuel volatility. Traders should remain vigilant, adjust strategies to the day&#39;s developments, and prioritize risk management in a potentially turbulent environment. Good luck and trade safely!
The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.
Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day&mdash;hours before it&#39;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.
For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Market Clubhouse Morning Memo - November 21st, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)

Amidst the fast-paced and highly competitive business environment of today, conducting comprehensive company analysis is essential for investors and industry enthusiasts. In this article, we will delve into an extensive industry comparison, evaluating Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) in comparison to its major competitors within the Software industry. By analyzing critical financial metrics, market position, and growth potential, our objective is to provide valuable insights for investors and offer a deeper understanding of company's performance in the industry.
<h3>Microsoft Background</h3>
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three equally sized broad segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops).
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Microsoft Corp</td>
<td>34.31</td>
<td>10.74</td>
<td>12.21</td>
<td>8.87%</td>
<td>$38.23</td>
<td>$45.49</td>
<td>16.04%</td>
</tr>
<tr>
<td>Oracle Corp</td>
<td>49.16</td>
<td>48.87</td>
<td>10.03</td>
<td>30.01%</td>
<td>$5.44</td>
<td>$9.4</td>
<td>6.86%</td>
</tr>
<tr>
<td>ServiceNow Inc</td>
<td>159.34</td>
<td>22.72</td>
<td>20.30</td>
<td>4.81%</td>
<td>$0.67</td>
<td>$2.21</td>
<td>22.25%</td>
</tr>
<tr>
<td>Palo Alto Networks Inc</td>
<td>53.97</td>
<td>24.87</td>
<td>17.33</td>
<td>7.42%</td>
<td>$0.39</td>
<td>$1.62</td>
<td>12.09%</td>
</tr>
<tr>
<td>CrowdStrike Holdings Inc</td>
<td>507.46</td>
<td>30.09</td>
<td>24.73</td>
<td>1.75%</td>
<td>$0.12</td>
<td>$0.73</td>
<td>31.74%</td>
</tr>
<tr>
<td>Fortinet Inc</td>
<td>46.46</td>
<td>78.03</td>
<td>12.48</td>
<td>90.26%</td>
<td>$0.66</td>
<td>$1.24</td>
<td>13.0%</td>
</tr>
<tr>
<td>Gen Digital Inc</td>
<td>29.74</td>
<td>8.65</td>
<td>4.82</td>
<td>7.92%</td>
<td>$0.51</td>
<td>$0.78</td>
<td>3.07%</td>
</tr>
<tr>
<td>Monday.Com Ltd</td>
<td>605</td>
<td>13.36</td>
<td>14.75</td>
<td>-1.28%</td>
<td>$-0.02</td>
<td>$0.23</td>
<td>32.67%</td>
</tr>
<tr>
<td>Dolby Laboratories Inc</td>
<td>30.48</td>
<td>3.16</td>
<td>6.26</td>
<td>2.39%</td>
<td>$0.07</td>
<td>$0.27</td>
<td>4.9%</td>
</tr>
<tr>
<td>CommVault Systems Inc</td>
<td>43.39</td>
<td>26.91</td>
<td>8.59</td>
<td>5.56%</td>
<td>$0.02</td>
<td>$0.19</td>
<td>16.06%</td>
</tr>
<tr>
<td>QXO Inc</td>
<td>28.05</td>
<td>1.44</td>
<td>25.56</td>
<td>-0.21%</td>
<td>$-0.03</td>
<td>$0.01</td>
<td>-2.0%</td>
</tr>
<tr>
<td>Qualys Inc</td>
<td>32.46</td>
<td>11.97</td>
<td>9.31</td>
<td>10.53%</td>
<td>$0.05</td>
<td>$0.13</td>
<td>8.36%</td>
</tr>
<tr>
<td>Teradata Corp</td>
<td>35.26</td>
<td>22.95</td>
<td>1.65</td>
<td>32.0%</td>
<td>$0.08</td>
<td>$0.27</td>
<td>0.46%</td>
</tr>
<tr>
<td>Progress Software Corp</td>
<td>36.08</td>
<td>6.77</td>
<td>4.16</td>
<td>6.88%</td>
<td>$0.06</td>
<td>$0.15</td>
<td>2.11%</td>
</tr>
<tr>
<td>SolarWinds Corp</td>
<td>59</td>
<td>1.62</td>
<td>2.83</td>
<td>0.94%</td>
<td>$0.07</td>
<td>$0.18</td>
<td>5.5%</td>
</tr>
<tr>
<td>Average</td>
<td>122.56</td>
<td>21.53</td>
<td>11.63</td>
<td>14.21%</td>
<td>$0.58</td>
<td>$1.24</td>
<td>11.22%</td>
</tr>
</tbody>
</table>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
 }

 tr:hover {
 background-color: #e1e4ea;
 }

 td:nth-child(3), td:nth-child(5) {
 text-align: left;
 }

 .dividend-amount {
 font-weight: bold;
 color: #0d6efd;
 }

 .dividend-frequency {
 font-size: 12px;
 color: #6c757d;
 }
 </style>When closely examining Microsoft, the following trends emerge: 
<ul>
<li>
The stock's Price to Earnings ratio of 34.31 is lower than the industry average by 0.28x, suggesting potential value in the eyes of market participants.
</li>
<li>
The current Price to Book ratio of 10.74, which is 0.5x the industry average, is substantially lower than the industry average, indicating potential undervaluation.
</li>
<li>
The Price to Sales ratio of 12.21, which is 1.05x the industry average, suggests the stock could potentially be overvalued in relation to its sales performance compared to its peers.
</li>
<li>
With a Return on Equity (ROE) of 8.87% that is 5.34% below the industry average, it appears that the company exhibits potential inefficiency in utilizing equity to generate profits.
</li>
<li>
The company has higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $38.23 Billion, which is 65.91x above the industry average, indicating stronger profitability and robust cash flow generation.
</li>
<li>
Compared to its industry, the company has higher gross profit of $45.49 Billion, which indicates 36.69x above the industry average, indicating stronger profitability and higher earnings from its core operations.
</li>
<li>
The company's revenue growth of 16.04% is notably higher compared to the industry average of 11.22%, showcasing exceptional sales performance and strong demand for its products or services.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732201216_0_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio is a key indicator of a company's financial health and its reliance on debt financing.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When evaluating Microsoft alongside its top 4 peers in terms of the Debt-to-Equity ratio, the following insights arise:
<ul>
<li>
Microsoft demonstrates a stronger financial position compared to its top 4 peers in the sector.
</li>
<li>
With a lower debt-to-equity ratio of 0.21, the company relies less on debt financing and maintains a healthier balance between debt and equity, which can be viewed positively by investors.
</li>
</ul>
<h3>Key Takeaways</h3>
For Microsoft in the Software industry, the PE and PB ratios suggest the stock is undervalued compared to peers, indicating potential for growth. However, the high PS ratio implies the stock may be overvalued based on revenue. In terms of ROE, EBITDA, gross profit, and revenue growth, Microsoft shows strong performance, outperforming industry peers and demonstrating solid financial health.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Microsoft Against Peers In Software Industry

Renowned investor Ray Dalio has provided a detailed analysis of the potential economic and geopolitical landscape under President-elect Donald Trump, offering investors critical <a href="https://www.benzinga.com/tech/24/11/41973572/ray-dalios-bridgewater-cuts-stake-in-microsoft-stock-by-20-is-big-tech-losing-its-shine">insights into emerging market dynamics</a>.
What Happened: In a detailed LinkedIn <a href="https://www.linkedin.com/pulse/whats-coming-changing-domestic-world-orders-under-trump-ray-dalio-v4yge/?trackingId=lSJ9y4QWTUS7PDArKxmcuQ%3D%3D">post</a>, Dalio, founder of Bridgewater Associates, outlined a scenario of potential radical government restructuring and international relations realignment, focusing on efficiency, deregulation, and an aggressive &#8220;America First&#8221; foreign policy.
Dalio emphasized the critical role of strategic technologies, particularly highlighting Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>). 
&#8220;We should recognize that in advanced semiconductors, the best companies in the United States are not good enough to give the United States what is needed,&#8221; he wrote, pointing to the importance of key relationships with aligned foreign producers like TSMC.
Dalio presented a bold vision of potential economic restructuring, describing Trump&#8217;s approach as akin to &#8220;a corporate raider engaging in a hostile takeover of an inefficient company.&#8221;
See Also: <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">Google&#8217;s &#8216;Unlawful Behavior&#8217; Stifles Market Entry For Rivals: DOJ Says Alphabet Must Sell Chrome To End Search Monopoly</a>
The &#8220;policies will be great for pro-Trump tech companies because they will be allowed to grow and operate in largely unrestrained ways,&#8221; Dalio noted, highlighting the potential for massive deregulation.
The investor warned of significant shifts in government approach: &#8220;We should expect more government influence on private markets to achieve the government&#8217;s objectives,&#8221; emphasizing a potential departure from traditional free-market principles.
Dalio specifically addressed technological independence, predicting that &#8220;20% of the most advanced chips will have to be produced in the U.S. by 2030&#8221; – a clear indication of the potential government&#8217;s focus on domestic technological capabilities.
Bridgewater Associates&#8217; <a href="https://www.benzinga.com/tech/24/11/41973572/ray-dalios-bridgewater-cuts-stake-in-microsoft-stock-by-20-is-big-tech-losing-its-shine">third-quarter strategic repositioning</a> includes:
<ul>
<li>Reduced Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) stake by 20%</li>
<li>Increased holdings in:
<ul>
<li>iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>)</li>
<li>Constellation Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>)</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</li>
</ul>
</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42102366/bitcoin-taps-95k-ethereum-dogecoin-flat-as-trumps-crypto-policy-takes-shape-top-analyst-describes-btcs-path-to-135k">Bitcoin Hits $95K For The First Time Ever, Ethereum, Dogecoin Flat As Trump&#8217;s Crypto Policy Takes Shape: Top Analyst Describes BTC&#8217;s Path To $135K</a></li>
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Image via Wikimedia Commons
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

AVGO

Ray Dalio Says Pro-Trump Tech Companies Stand To Gain As Focus Shifts To Deregulation: Here's How Investors Should Brace For Impact

Archegos Capital Management founder Bill Hwang was sentenced on Wednesday to 18 years in prison for fraud and market manipulation tied to the fund's <a href="https://www.benzinga.com/news/24/05/38718096/bill-hwangs-trial-begins-over-archegos-fund-collapse-what-to-expect">dramatic collapse in 2021.&nbsp;</a>
The Details: Hwang was sentenced by U.S. District Judge Alvin Hellerstein in New York to slightly less time than the 21 years prosecutors had sought in the case. 
Hwang's lawyers had asked that he be given no prison time at all and Hwang asked the judge on Wednesday to impose a sentence that would allow him to continue to serve society. He also said that he felt "deep pain" about what happened at Archegos, according to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-11-20/archegos-founder-bill-hwang-sentenced-to-18-years-in-prison?sref=TBDibEcD">report.</a>
Read More: <a href="https://www.benzinga.com/etfs/24/11/42044642/trump-appears-frustrated-as-elon-musk-chimes-in-on-treasury-secretary-adds-more-names-to-a-list-of-potential-picks">Trump Appears &#8216;Frustrated&#8217; As Elon Musk Chimes In On Treasury Secretary, Adds More Names To Short List&nbsp;</a>
Hellerstein said Hwang's request for no jail time was "utterly ridiculous" considering the amount of money involved. 
"The amount of losses that were caused by your conduct are larger than any amount of losses I've deal with as a judge," Hellerstein said.
The judge also compared Hwang to FTX founder Sam Bankman-Fried, who received a 25-year sentence for fraud.
"What was worse? Mr. Bankman-Fried's fraud or Mr. Hwang's fraud?" Hellerstein asked.
The jury found that Hwang directed Archegos staff to relay that the firm had large positions in companies such as Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>). Archegos actually invested heavily in a small group of stocks that could be more easily manipulated. 
The collapse at Archegos contributed <a href="https://www.benzinga.com/news/22/11/29835374/troubled-lender-credit-suisse-flags-massive-loss-for-q4-as-it-speeds-up-turnaround-plans">to the demise </a>of Credit Suisse Group AG and rippled through Wall Street causing significant losses at Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>), Nomura Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMR#NYSE">NMR</a>) and other banks.
Former Archegos CFO Patrick Halligan was convicted alongside Hwang earlier in 2024 and will be sentenced separately in January.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
</ul>
Photo: Shutterstock

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