Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
7/5/2024 | Buy → Neutral | New Street | ||
7/1/2024 | $116.00 → $144.00 | Overweight | Morgan Stanley | |
6/21/2024 | $20.00 | Neutral → Sell | Monness Crespi & Hardt | |
6/18/2024 | $140.00 → $200.00 | Buy | Rosenblatt | |
6/17/2024 | $29.00 | Buy | Argus | |
6/10/2024 | $570.00 | Buy | New Street | |
6/10/2024 | $176.00 | Overweight → Equal-Weight | Morgan Stanley | |
6/7/2024 | $450.00 → $500.00 | Outperform | Oppenheimer |
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels.
Here's the list of options activity happening in today's session:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
NVDA | CALL | SWEEP | BULLISH | 06/07/24 | $1150.00 | $31.6K | 12.2K | 32.8K |
AMD | CALL | SWEEP | BULLISH | 06/07/24 | $162.50 | $44.6K | 5.8K | 28.2K |
PLTR | CALL | SWEEP | BEARISH | 08/16/24 | $20.00 | $495.0K | 5.8K | 8.8K |
MSFT | PUT | SWEEP | BULLISH | 06/07/24 | $410.00 | $52.5K | 3.4K | 3.6K |
HPE | PUT | SWEEP | BEARISH | 06/07/24 | $17.00 | $33.3K | 2.2K | 2.6K |
INTC | CALL | SWEEP | BEARISH | 07/19/24 | $34.00 | $43.3K | 5.7K | 1.5K |
TSM | PUT | SWEEP | BULLISH | 07/19/24 | $140.00 | $31.7K | 4.3K | 1.0K |
GTLB | PUT | SWEEP | BULLISH | 01/17/25 | $35.00 | $26.1K | 2.3K | 832 |
SMCI | PUT | TRADE | NEUTRAL | 06/14/24 | $650.00 | $33.1K | 185 | 649 |
NOW | CALL | SWEEP | BEARISH | 09/20/24 | $760.00 | $116.9K | 85 | 618 |
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding NVDA (NASDAQ:NVDA), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on June 7, 2024. Parties traded 14 contract(s) at a $1150.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $31.6K, with a price of $2260.0 per contract. There were 12230 open contracts at this strike prior to today, and today 32880 contract(s) were bought and sold.
• Regarding AMD (NASDAQ:AMD), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on June 7, 2024. Parties traded 201 contract(s) at a $162.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $44.6K, with a price of $221.0 per contract. There were 5822 open contracts at this strike prior to today, and today 28285 contract(s) were bought and sold.
• For PLTR (NYSE:PLTR), we notice a call option sweep that happens to be bearish, expiring in 73 day(s) on August 16, 2024. This event was a transfer of 1500 contract(s) at a $20.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $495.0K, with a price of $330.0 per contract. There were 5845 open contracts at this strike prior to today, and today 8819 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on June 7, 2024. This event was a transfer of 260 contract(s) at a $410.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $52.5K, with a price of $202.0 per contract. There were 3432 open contracts at this strike prior to today, and today 3609 contract(s) were bought and sold.
• Regarding HPE (NYSE:HPE), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on June 7, 2024. Parties traded 513 contract(s) at a $17.00 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $33.3K, with a price of $65.0 per contract. There were 2261 open contracts at this strike prior to today, and today 2652 contract(s) were bought and sold.
• Regarding INTC (NASDAQ:INTC), we observe a call option sweep with bearish sentiment. It expires in 45 day(s) on July 19, 2024. Parties traded 1275 contract(s) at a $34.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $43.3K, with a price of $34.0 per contract. There were 5799 open contracts at this strike prior to today, and today 1520 contract(s) were bought and sold.
• For TSM (NYSE:TSM), we notice a put option sweep that happens to be bullish, expiring in 45 day(s) on July 19, 2024. This event was a transfer of 104 contract(s) at a $140.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $31.7K, with a price of $305.0 per contract. There were 4301 open contracts at this strike prior to today, and today 1002 contract(s) were bought and sold.
• Regarding GTLB (NASDAQ:GTLB), we observe a put option sweep with bullish sentiment. It expires in 227 day(s) on January 17, 2025. Parties traded 95 contract(s) at a $35.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $275.0 per contract. There were 2379 open contracts at this strike prior to today, and today 832 contract(s) were bought and sold.
• For SMCI (NASDAQ:SMCI), we notice a put option trade that happens to be neutral, expiring in 10 day(s) on June 14, 2024. This event was a transfer of 69 contract(s) at a $650.00 strike. The total cost received by the writing party (or parties) was $33.1K, with a price of $480.0 per contract. There were 185 open contracts at this strike prior to today, and today 649 contract(s) were bought and sold.
• Regarding NOW (NYSE:NOW), we observe a call option sweep with bearish sentiment. It expires in 108 day(s) on September 20, 2024. Parties traded 70 contract(s) at a $760.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $116.9K, with a price of $1674.0 per contract. There were 85 open contracts at this strike prior to today, and today 618 contract(s) were bought and sold.
Options Alert Terminology
- Call Contracts: The right to buy shares as indicated in the contract.
- Put Contracts: The right to sell shares as indicated in the contract.
- Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it.
- Premium/Option Price: The price of the contract.
For more information, visit our Guide to Understanding Options Alerts or read more news on unusual options activity.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
8-K - NVIDIA CORP (0001045810) (Filer)
8-K - ADVANCED MICRO DEVICES INC (0000002488) (Filer)
144 - Gitlab Inc. (0001653482) (Subject)
144 - Gitlab Inc. (0001653482) (Subject)
8-K - Gitlab Inc. (0001653482) (Filer)
11-K - MICROSOFT CORP (0000789019) (Filer)
11-K - MICROSOFT CORP (0000789019) (Filer)
6-K - TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (0001046179) (Filer)
8-K - Super Micro Computer, Inc. (0001375365) (Filer)
144 - NVIDIA CORP (0001045810) (Subject)
ServiceNow (NYSE:NOW) today announced that it will release financial results for the second quarter ended June 30, 2024, following the close of market on Wednesday, July 24, 2024. ServiceNow will host a conference call and live webcast to discuss the financial results. Conference Call Details The conference call will begin at 2 p.m. Pacific Time (21:00 GMT) on July 24, 2024. Interested parties may listen to the call by dialing (888) 330‑2455 (Passcode: 8135305), or if outside North America, by dialing (240) 789‑2717 (Passcode: 8135305). Individuals may access the live teleconference from this webcast: (https://events.q4inc.com/attendee/627663058). An audio replay of the conference cal
TORONTO and GATINEAU, QC, June 27, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX:CTS) is pleased to announce it had been awarded North America Storage Partner of the Year by Hewlett Packard Enterprise (HPE) during this year's HPE Discover conference. Hewlett Packard Enterprise (HPE) announced the winners of its HPE Partner of the Year Awards 2024 in recognition of HPE partners who exemplify commitment and success in delivering value to their customers on their digital transformation journey. This recognition has been given to HPE pa
DENVER, June 27, 2024 /PRNewswire/ -- Voyager Space (Voyager), a global leader in space exploration, today announced a strategic partnership with Palantir Technologies, Inc. (NYSE:PLTR), a leading builder of artificial intelligence (AI) systems for the modern enterprise. Together, Voyager and Palantir will rapidly advance the space and defense technology sectors by integrating Palantir's cutting-edge AI tools across the Voyager enterprise. This partnership solidifies Voyager's commitment to leading the space industry in AI-driven innovation, ensuring robust and agile solutions
Intel's optical compute interconnect chiplet is expected to revolutionize high-speed data processing for AI infrastructure. What's New: Intel Corporation has achieved a revolutionary milestone in integrated photonics technology for high-speed data transmission. At the Optical Fiber Communication Conference (OFC) 2024, Intel's Integrated Photonics Solutions (IPS) Group demonstrated the industry's most advanced and first-ever fully integrated optical compute interconnect (OCI) chiplet co-packaged with an Intel CPU and running live data. Intel's OCI chiplet represents a leap forward in high-bandwidth interconnect by enabling co-packaged optical input/output (I/O) in emerging AI infrastructur
RENO, Nev., June 26, 2024 /PRNewswire/ -- The City of Reno, in collaboration with ServiceNow and NewRocket, proudly announces the launch of DROPS (Direct Resource Outreach & Placement Service), a groundbreaking mobile application designed to transform the way outreach workers assist unsheltered individuals. Reno Mayor Hillary Schieve highlighted the impact of this initiative: "DROPS is a game-changer for our city. By empowering our outreach team with this innovative technology, we are taking a major step forward in our efforts to tackle the challenge of homelessness. This app will help us make more informed decisions directly with the community we're serving and ensure resources are provided
Repeat win reflects Ingram Micro's commitment to helping channel partners accelerate their growth potential For the second year in a row, Ingram Micro has been named Hewlett Packard Enterprise's (HPE) Global Distribution Partner of the Year. Presented during the HPE Partner Growth Summit 2024 on June 17 in Las Vegas, the honor recognizes Ingram Micro's commitment to and success in delivering value to HPE partners who are helping customers succeed on their digital transformation journeys. It also reflects Ingram Micro's strong performance, innovative solutions, and meaningful business results. "Ingram Micro is proud to once again be named HPE's Global Distribution Partner of the Year," s
Ninth annual report exhibits HPE's commitment to sustainable, responsible business Hewlett Packard Enterprise (NYSE:HPE) today released its annual Living Progress Report for fiscal year 2023, exhibiting the company's business strategy and commitment to creating sustainable and responsible technology solutions for a data-first world. "The drive toward a thriving and sustainable society—where access to basic needs like food and healthcare are achieved within earth's ecological boundaries and while maintaining security and privacy protections—is being propelled forward by technology," said Antonio Neri, HPE President and CEO. "At HPE, we are working hard to innovate in an ethical and susta
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, June 25, 2024 /PRNewswire/ -- USA News Group – The global economy is witnessing an arms race in artificial intelligence (AI), which is raising concerns for national security, and need for government regulation. In particular, tensions are rising between China and the United States, in where the US has cited "misuse of AI" by China, prompting calls for restrictions. Both governments are also using government subsidies to spur new advancements. However, China is not taking the threat of restriction on tech investments lightly, warning the US it's ready to fight back, taking measures of its own. All the while, t
SAN FRANCISCO, June 25, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today announced it has achieved "In Process" designation at the Moderate impact level from the Federal Risk and Authorization Management Program (FedRAMP). The FedRAMP program promotes the adoption of secure and compliant cloud services across the federal government. The authorization process includes an in-depth examination of GitLab's data security and data governance capabilities and the security practices of its cloud services. GitLab is now listed in the FedRAMP Marketplace and continues to work toward achieving the FedRAMP "Authorized" designation. GitL
CxOs and staff are not aligned on the topics of AI, risk, and trainingEfforts to fix security vulnerabilities are hindered by organizational red tapeLeadership understands the importance of developer productivity for organizational success but isn't measuring it against business outcomesWhile most companies are shipping software twice as fast as last year, toolchain sprawl is hindering velocity SAN FRANCISCO, June 25, 2024 (GLOBE NEWSWIRE) -- ALL REMOTE -- GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today released its 8th annual Global DevSecOps Report on the current state of software development. In April 2024, GitLab surveyed over 5,300 CxOs, IT leaders, developer
ServiceNow (NYSE:NOW) today announced that it will release financial results for the second quarter ended June 30, 2024, following the close of market on Wednesday, July 24, 2024. ServiceNow will host a conference call and live webcast to discuss the financial results. Conference Call Details The conference call will begin at 2 p.m. Pacific Time (21:00 GMT) on July 24, 2024. Interested parties may listen to the call by dialing (888) 330‑2455 (Passcode: 8135305), or if outside North America, by dialing (240) 789‑2717 (Passcode: 8135305). Individuals may access the live teleconference from this webcast: (https://events.q4inc.com/attendee/627663058). An audio replay of the conference cal
REDMOND, Wash., June 12, 2024 /PRNewswire/ -- Microsoft Corp. on Tuesday announced that its board of directors declared a quarterly dividend of $0.75 per share. The dividend is payable Sept. 12, 2024, to shareholders of record on Aug. 15, 2024. The ex-dividend date will be Aug. 15, 2024. Microsoft (Nasdaq "MSFT" @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and
AI systems revenue doubled sequentially, beating Q2 revenue guidance Hewlett Packard Enterprise (NYSE:HPE) today announced financial results for the second quarter ended April 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240604126605/en/ "HPE delivered very solid results in Q2, exceeding revenue and non-GAAP EPS guidance. AI systems revenue more than doubled from the prior quarter, driven by our strong order book and better conversion from our supply chain," said Antonio Neri, president and CEO of Hewlett Packard Enterprise. "Our deep expertise in designing, manufacturing, and running AI systems at scale fueled gro
First Quarter Fiscal Year 2025 Highlights: Total revenue of $169.2 million, up 33% year-over-yearSignificant year-over-year GAAP and Non-GAAP operating margin expansionOperating cash flow of $38.1 million and Non-GAAP adjusted free cash flow of $37.4 million SAN FRANCISCO, June 03, 2024 (GLOBE NEWSWIRE) -- GitLab Inc. (NASDAQ:GTLB), The DevSecOps Platform, today reported financial results for its first quarter fiscal year 2025, ended April 30, 2024. "GitLab continues to differentiate our platform with AI-driven software innovations that are streamlining how customers build, test, secure, and deploy software," said Sid Sijbrandij, GitLab CEO and co-founder. "Our results
Record quarterly revenue of $26.0 billion, up 18% from Q4 and up 262% from a year ago Record quarterly Data Center revenue of $22.6 billion, up 23% from Q4 and up 427% from a year agoTen-for-one forward stock split effective June 7, 2024Quarterly cash dividend raised 150% to $0.01 per share on a post-split basis SANTA CLARA, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ:NVDA) today reported revenue for the first quarter ended April 28, 2024, of $26.0 billion, up 18% from the previous quarter and up 262% from a year ago. For the quarter, GAAP earnings per diluted share was $5.98, up 21% from the previous quarter and up 629% from a year ago. Non-GAAP earnings per diluted share wa
CORAL GABLES, Fla., May 15, 2024 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ:LIFW) ("LifeWallet," or the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced financial results for the quarter ended March 31, 2024. LifeWallet will host a conference call and live webcast to review the Company's first quarter 2024 results for investors and analysts at 8:30 a.m. Eastern Time on Thursday, May 16, 2024. To access this call, we encourage you to pre-register using this link: LifeWallet Q1 2024 Earnings Pre-Registration. A live webcast of the conference call will be accessible from the Investors section
SAN FRANCISCO, May 13, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., (NASDAQ:GTLB), the most comprehensive AI-powered DevSecOps Platform, today announced that it will report its financial results for the first quarter of fiscal year 2025, which ended April 30, 2024, after U.S. markets close on Monday, June 3, 2024. Management will host a conference call and webcast on the same day to discuss the company's financial results at 4:30 p.m. EST / 1:30 p.m. PST. GitLab First Quarter Fiscal 2025 Financial Results Conference Call and WebcastWhen: Monday, June 3, 2024Time: 4:30 p.m. EST / 1:30 p.m. PSTConference ID: GITLABLive Call: 1-800-225-9448 (US/Canada Toll-Free) or 1-203-518-9708 (Toll
Hewlett Packard Enterprise (NYSE:HPE) will conduct a live audio webcast of its conference call to review its financial results for the second quarter of fiscal 2024, which ended April 30, 2024. The call is scheduled for Tuesday, June 4, at 4:00 p.m. CT (5:00 p.m. ET), and the webcast will be available at www.hpe.com/investor/2024Q2Webcast. A replay of the audio webcast will be available at the same website shortly after the call and will remain available for approximately one year. About Hewlett Packard Enterprise Hewlett Packard Enterprise (NYSE:HPE) is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their data, everywher
SANTA CLARA, Calif., May 01, 2024 (GLOBE NEWSWIRE) -- NVIDIA will host a conference call on Wednesday, May 22, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the first quarter of fiscal year 2025, which ended April 28, 2024. The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company's prepared remarks will be followed by a question-and-answer session, which will be limited to questions from financial analysts and institutional investors. Ahead of the call, NVIDIA will provide written commentary on its first-quarter results from its CFO, Colette Kress. This material will be posted to investor.nvidia.com immediately after the company's results ar
SANTA CLARA, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the first quarter of 2024 of $5.5 billion, gross margin of 47%, operating income of $36 million, net income of $123 million and diluted earnings per share of $0.07. On a non-GAAP(*) basis, gross margin was 52%, operating income was $1.1 billion, net income was $1.0 billion and diluted earnings per share was $0.62. "We delivered strong first quarter results with our Data Center and Client segments each growing more than 80% year-over-year driven by the ramp of MI300 AI accelerator shipments and the adoption of our Ryzen and EPYC processors," said AMD Chair and CEO Dr. Lisa Su. "This is
New Street downgraded NVIDIA from Buy to Neutral
Morgan Stanley reiterated coverage of NVIDIA with a rating of Overweight and set a new price target of $144.00 from $116.00 previously
Monness Crespi & Hardt downgraded Palantir Technologies from Neutral to Sell and set a new price target of $20.00
Rosenblatt reiterated coverage of NVIDIA with a rating of Buy and set a new price target of $200.00 from $140.00 previously
Argus initiated coverage of Palantir Technologies with a rating of Buy and set a new price target of $29.00
New Street initiated coverage of Microsoft with a rating of Buy and set a new price target of $570.00
Morgan Stanley downgraded Advanced Micro from Overweight to Equal-Weight and set a new price target of $176.00
Oppenheimer reiterated coverage of Microsoft with a rating of Outperform and set a new price target of $500.00 from $450.00 previously
Argus upgraded Hewlett Packard Enterprise from Hold to Buy
BofA Securities reiterated coverage of NVIDIA with a rating of Buy and set a new price target of $1,500.00 from $1,320.00 previously
SC 13G/A - Super Micro Computer, Inc. (0001375365) (Subject)
SC 13G/A - Gitlab Inc. (0001653482) (Subject)
SC 13G/A - Super Micro Computer, Inc. (0001375365) (Subject)
SC 13G/A - Gitlab Inc. (0001653482) (Subject)
SC 13G/A - Palantir Technologies Inc. (0001321655) (Subject)
SC 13G/A - Gitlab Inc. (0001653482) (Subject)
SC 13G/A - ServiceNow, Inc. (0001373715) (Subject)
SC 13G/A - Gitlab Inc. (0001653482) (Subject)
SC 13G/A - Super Micro Computer, Inc. (0001375365) (Subject)
SC 13G/A - ServiceNow, Inc. (0001373715) (Subject)
4 - NVIDIA CORP (0001045810) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Palantir Technologies Inc. (0001321655) (Issuer)
4 - Palantir Technologies Inc. (0001321655) (Issuer)
4 - NVIDIA CORP (0001045810) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – Several big winners have been made already in the ongoing artificial intelligence (AI) revolution. However, there's clearly none bigger than chipmaking giant NVIDIA Corporation (NASDAQ:NVDA), which just surpassed two of its big tech peers to become the most valued publicly-traded company on the planet. To put it into perspective, NVIDIA's market cap is currently larger than each of Europe's largest stock markets, while lucky investors who bet $1000 on NVIDIA stock just ten years ago would be sitting on an extra $297,600 today. Now as analysts are predicting that
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – How we embrace this surging adoption of artificial intelligence (AI) in the economy of the future remains up for debate. Already, we're seeing the impact of AI adoption in the workplace, in culture, and in finance, but it won't end there. According to Goldman Sachs, AI is showing "very positive" signs of eventually boosting GDP and productivity, while some experts are remarking that the generative AI tech wave is sweeping in much faster (maybe 10x) than early internet. Behind the scenes, tech developers are building AI-powered tools that could potentially revolutionize pr
New Lineup Features First-of-Its-Kind Turnkey, Private-Cloud AI Solution Including Sustainable Accelerated Computing with Full Lifecycle Services to Streamline Time to Value with AI HPE Discover 2024 – Hewlett Packard Enterprise (NYSE:HPE) and NVIDIA today announced NVIDIA AI Computing by HPE, a portfolio of co-developed AI solutions and joint go-to-market integrations that enable enterprises to accelerate adoption of generative AI. Among the portfolio's key offerings is HPE Private Cloud AI, a first-of-its-kind solution that provides the deepest integration to date of NVIDIA AI computing, networking and software with HPE's AI storage, compute and the HPE GreenLake cloud. The offering e
Global technology leader becomes Espai Barça's new Official Edge-to-Cloud Partner for the next four seasons, until 30 June 2028 FC Barcelona and Hewlett Packard Enterprise (HPE) have signed a partnership agreement for HPE to become the new Espai Barça Official Edge-to-Cloud Partner for the next four seasons, until 30 June 2028. In a strategic alliance aimed at revolutionizing the spectator experience in sport, Barça's new facilities will be equipped with a world-class technology environment featuring HPE Aruba Networking and HPE GreenLake cloud, enabling real-time data analytics and integrated security solutions. The partnership between the Club and HPE is based on a market-leading appr
Mobileye Global Inc. (NASDAQ:MBLY) announced today the appointment of Elaine L. Chao to the Mobileye Global Inc. Board of Directors as an independent director, effective as of June 7, 2024. "It's an honor to have former U.S. Secretary of Transportation and U.S. Secretary of Labor Elaine Chao join Mobileye's board as an independent director," said Patrick P. Gelsinger, chair of Mobileye's board of directors. "Elaine's experience in technology, transportation and business transformation will bring a wealth of knowledge to our mission of advancing road safety through advanced technology." Secretary Chao has had a distinguished career as a national and global leader in the public, private a
Palantir Technologies Inc. (NYSE:PLTR) today announced that nearly 70 customers will showcase their work in Palantir's Artificial Intelligence Platform (AIP) at its fourth AIPCon in 12 months. The conference will be live streamed on Thursday, June 6, 2024 on Palantir's YouTube channel. New customers – such as United Airlines, Nebraska Medicine, AARP, Lear, Wendy's QSCC, Edgescale AI, and more – will be showcasing how they use Palantir software. Representatives from organizations with expanded partnerships, such as Tampa General Hospital, will also be speaking. These customers and others have been going from prototype to production-grade AI via Palantir's novel AIP Bootcamp initiative. S
O'Buckley will oversee Intel's systems foundry growth strategy Intel Corporation today announced the appointment of Kevin O'Buckley as senior vice president and general manager of Foundry Services, the customer service and ecosystem operations division of Intel Foundry. O'Buckley starts today and becomes a member of Intel's executive leadership team reporting to CEO Pat Gelsinger. He succeeds Stuart Pann, who will retire from Intel after 35 years of service at the end of May and remain an adviser to support a seamless transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240513572065/en/Kevin O'Buckley is senior vice pres
Customer and employee service avatars demoed for ServiceNow Now Assist, powered by NVIDIA speech, LLM, and animation generative AI technology, highlight the potential for even more engaging, personal, employee and customer experiences Knowledge 2024 — Today at ServiceNow's annual customer and partner event, Knowledge 24, ServiceNow (NYSE:NOW), the AI platform for business transformation, showcased AI avatars of the future together with NVIDIA, leveraging NVIDIA's Avatar Cloud Engine (ACE) speech, large language model (LLM), and animation technologies that bring digital characters to life using generative AI. The AI avatars were revealed on stage at Knowledge 24 during ServiceNow President
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- With integration of AI-powered computing steadily on the rise, analysts at Goldman Sachs Research are projecting that the global data center power behind this tech boom is poised to more than double by 2030. However, the catch is that Goldman's teach believes that the supporting data center load growth will require at least $50 billion in new power generation capacity investment to achieve this. Experts are now declaring that 'futuristic AI needs futuristic data centers' in order to achieve the dreams of developers and end-users. According to WhaTech, the growth for data centers ma
USA News Group News Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- USA News Group News Commentary – According to the International Monetary Fund (IMF), the integration of artificial intelligence (AI) will affect almost 40% of jobs around the world. While still early in the AI revolution, experts are stepping forward to help businesses across a wide variety of industries to embrace it. Analysts at Statista are projecting the Global AI Market will surpass $1.75 trillion by 2030. Now CIOs across multiple sectors are eager to scale their companies' AI despite current difficulty demonstrating ROI, according to a new survey. Helping to get companies swiftl
A small number of technology companies, affectionately named the “Magnificent 7,” have accounted for an outsized portion of the SPDR S&P 500 ETF Trust (NYSE:SPY) gains in 2024. Will it continue through the rest of the year? The Magnificent 7: The Magnificent 7 comprises seven mega-cap companies: Microsoft Corp (NASDAQ:MSFT), up 26.15% in 2024. Apple Inc (NASDAQ:AAPL), up 21.37% in 2024. NVIDIA Corp (NASDAQ:NVDA), up 164.38% in 2024. Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), up 37.88% in 2024. Amazon.com Inc (NASDAQ:AMZN), up 33.38% in 2024. Meta Platforms Inc (NASDAQ:META), up 54.24% in 2024. Tesla Inc (NASDAQ:TSLA), down 0.72% in 2024 (but up over 40% in the past m
Advanced Micro Devices, Inc. (NASDAQ:AMD) has seen notable activity this week, with shares trading higher on Friday afternoon following earlier jobs data. What’s Going On: The week began with AMD and other chip stocks experiencing declines amidst a broader semiconductor sector sell-off, prompted by concerns over valuation despite strong AI-driven momentum in the first half of 2024. AMD's Price to Earnings (P/E) ratio of 235.09 may have raised initial investor caution, Despite these early setbacks, AMD shares rebounded significantly on Tuesday, surging over 4%. This uptick coincided with broader gains in the Nasdaq 100 Index, buoyed by Fed Chair Jerome Powell's remarks suggesting a p
Nvidia Corporation (NASDAQ:NVDA) undoubtedly had an early lead in the AI chip race, but its rivals are doing their best to challenge its dominance. After more than one failed attempt to discreetly enter the GPU arena, Intel Corporation (NASDAQ:INTC), the largest producer of PC and server CPUs, might be slow but seems to be playing the long game. Then there’s Advanced Micro Devices (NASDAQ:AMD) who is already promising to challenge Nvidia with its new chips. Intel is playing the long game. According to PassMark Software, Intel still controls 64% of the x86 CPU market, but it has undoubtedly given a lot of market share to AMD over the years. AMD pulled ahead with cheaper and more advanced CP
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Raymond James analyst Savanthi Syth downgraded the rating for Spirit Airlines, Inc. (NYSE:SAVE) from Market Perform to Underperform. Spirit Airlines shares fell 8.5% to trade at $3.31 on Friday. See how other analysts view this stock. New Street Research analyst Pierre Ferragu downgraded NVIDIA Corporation (NASDAQ:NVDA) from Buy to Neutral. NVIDIA shares fell 0.5% to trade at $127.59 on Friday. See how other analysts view this stock. Raymond James analyst Savanthi Syth downgraded th
Palantir Technologies, Inc. (NYSE:PLTR) shares are trading higher Friday, and the stock is up more than 17% over the past month. Here's a look at what's going on. What To Know: Wedbush analyst Daniel Ives recently named Palantir as one of his top tech picks for the remainder of 2024. Ives said that he expects tech stocks, including Palantir, to rise another 15% on top of gains from the first half of the year. "A tidal wave of $1 trillion of spending will come to the shores of the tech sector," Ives wrote in the analyst note. Read Next: What’s Going On With EV Maker Nio’s Stock? Cathie Woods also appears to see blue skies ahead for Palantir as Ark Invest's ARK Autonomous Tec
S&P 500 and Nasdaq 100 indices surged to new all-time highs on Friday, driven primarily by a rally in Magnificent Seven stocks, which collectively reached a market capitalization exceeding $16 trillion. The Roundhill Magnificent Seven ETF (NYSE:MAGS) increased by 1.4% on Friday, boosting its weekly gain to 7.7%, marking the strongest weekly performance since the fund’s inception. As mega-cap tech stocks attracted larger gains, blue-chip stocks held steady, while small caps fell. In June, the U.S. labor market showed signs of cooling despite a higher-than-expected increase in non-farm payrolls, due to previous downward revisions, a rise in the unemployment rate, and slower wage grow
NVIDIA Corporation (NASDAQ:NVDA) is trading lower today. New Street Research analyst Pierre Ferragu downgraded NVDA from Buy to Neutral. In another development, European Union competition chief Margrethe Vestager has reportedly highlighted a significant “bottleneck” in the Nvidia AI chips supply. Despite the concern, regulators have not yet decided on any specific actions to address the issue. Vestager stated that they are still in the preliminary stages of investigation, asking questions but not yet taking regulatory action, reported Bloomberg. Nvidia has become a focal point for regulators due to its significant role in the artificial intelligence (AI) sector. The company’s GPUs a
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume AMD CALL SWEEP BULLISH 07/05/24 $172.50 $35.8K 6.7K 132.9K AAPL CALL SWEEP
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) saw its shares rise to a record on Thursday in the Taiwan Stock Exchange. The rally boosted Taiwan Semiconductor’s market capitalization to over $946 billion in the U.S. stock exchange as of Friday. Investors are optimistic that Taiwan Semiconductor will benefit from robust demand for artificial intelligence (AI) and high-performance computing (HPC) chips, the Taiwan Times reports. Taiwan Semiconductor has surged 69.48% this year, solidifying its position as the most valuable stock on the local exchange and the world’s 10th-largest company by market capitalization. Analysts anticipate a positive earnings report from Taiwan Semicon