Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
7/5/2024 | Buy → Neutral | New Street | ||
7/1/2024 | $116.00 → $144.00 | Overweight | Morgan Stanley | |
6/28/2024 | $11.00 | Sell | Citigroup | |
6/28/2024 | $200.00 → $250.00 | Outperform | Oppenheimer | |
6/27/2024 | $120.00 → $150.00 | Buy | Needham | |
6/27/2024 | $150.00 → $160.00 | Buy | TD Cowen | |
6/26/2024 | $196.00 → $260.00 | Neutral → Buy | Rosenblatt | |
6/25/2024 | $220.00 → $250.00 | Outperform | Evercore ISI |
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.
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 | BEARISH | 07/05/24 | $125.00 | $31.2K | 42.1K | 173.2K |
AAPL | CALL | SWEEP | BEARISH | 07/05/24 | $217.50 | $36.1K | 16.2K | 77.8K |
MAXN | PUT | SWEEP | BULLISH | 07/05/24 | $0.50 | $32.5K | 18.1K | 14.7K |
SMCI | CALL | SWEEP | BEARISH | 07/05/24 | $800.00 | $243.9K | 465 | 6.0K |
CLSK | CALL | SWEEP | BEARISH | 07/05/24 | $19.00 | $59.5K | 2.3K | 5.5K |
GTLB | CALL | SWEEP | BULLISH | 01/16/26 | $75.00 | $168.0K | 378 | 4.7K |
AVGO | CALL | TRADE | BEARISH | 07/05/24 | $1650.00 | $40.9K | 1.7K | 4.4K |
MU | CALL | SWEEP | BEARISH | 07/12/24 | $130.00 | $27.3K | 329 | 2.9K |
MARA | CALL | TRADE | BULLISH | 07/05/24 | $23.50 | $65.9K | 1.2K | 2.8K |
XRX | CALL | SWEEP | BULLISH | 08/16/24 | $12.00 | $49.4K | 351 | 2.1K |
These itemized elaborations have been created using the accompanying table.
• For NVDA (NASDAQ:NVDA), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on July 5, 2024. This event was a transfer of 200 contract(s) at a $125.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $31.2K, with a price of $156.0 per contract. There were 42146 open contracts at this strike prior to today, and today 173215 contract(s) were bought and sold.
• Regarding AAPL (NASDAQ:AAPL), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on July 5, 2024. Parties traded 190 contract(s) at a $217.50 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $36.1K, with a price of $190.0 per contract. There were 16258 open contracts at this strike prior to today, and today 77801 contract(s) were bought and sold.
• Regarding MAXN (NASDAQ:MAXN), we observe a put option sweep with bullish sentiment. It expires in 4 day(s) on July 5, 2024. Parties traded 1300 contract(s) at a $0.50 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $32.5K, with a price of $25.0 per contract. There were 18190 open contracts at this strike prior to today, and today 14746 contract(s) were bought and sold.
• Regarding SMCI (NASDAQ:SMCI), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on July 5, 2024. Parties traded 85 contract(s) at a $800.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $243.9K, with a price of $2870.0 per contract. There were 465 open contracts at this strike prior to today, and today 6006 contract(s) were bought and sold.
• For CLSK (NASDAQ:CLSK), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on July 5, 2024. This event was a transfer of 4547 contract(s) at a $19.00 strike. This particular call needed to be split into 86 different trades to become filled. The total cost received by the writing party (or parties) was $59.5K, with a price of $12.0 per contract. There were 2303 open contracts at this strike prior to today, and today 5507 contract(s) were bought and sold.
• For GTLB (NASDAQ:GTLB), we notice a call option sweep that happens to be bullish, expiring in 564 day(s) on January 16, 2026. This event was a transfer of 200 contract(s) at a $75.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $168.0K, with a price of $840.0 per contract. There were 378 open contracts at this strike prior to today, and today 4738 contract(s) were bought and sold.
• For AVGO (NASDAQ:AVGO), we notice a call option trade that happens to be bearish, expiring in 4 day(s) on July 5, 2024. This event was a transfer of 20 contract(s) at a $1650.00 strike. The total cost received by the writing party (or parties) was $40.9K, with a price of $2045.0 per contract. There were 1746 open contracts at this strike prior to today, and today 4467 contract(s) were bought and sold.
• Regarding MU (NASDAQ:MU), we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on July 12, 2024. Parties traded 65 contract(s) at a $130.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.3K, with a price of $420.0 per contract. There were 329 open contracts at this strike prior to today, and today 2925 contract(s) were bought and sold.
• For MARA (NASDAQ:MARA), we notice a call option trade that happens to be bullish, expiring in 4 day(s) on July 5, 2024. This event was a transfer of 3664 contract(s) at a $23.50 strike. The total cost received by the writing party (or parties) was $65.9K, with a price of $18.0 per contract. There were 1222 open contracts at this strike prior to today, and today 2866 contract(s) were bought and sold.
• Regarding XRX (NASDAQ:XRX), we observe a call option sweep with bullish sentiment. It expires in 46 day(s) on August 16, 2024. Parties traded 760 contract(s) at a $12.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $49.4K, with a price of $65.0 per contract. There were 351 open contracts at this strike prior to today, and today 2162 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 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Broadcom Inc. (0001730168) (Issuer)
BOISE, Idaho, June 26, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) today announced results for its third quarter of fiscal 2024, which ended May 30, 2024. Fiscal Q3 2024 highlights Revenue of $6.81 billion versus $5.82 billion for the prior quarter and $3.75 billion for the same period last year GAAP net income of $332 million, or $0.30 per diluted shareNon-GAAP net income of $702 million, or $0.62 per diluted shareOperating cash flow of $2.48 billion versus $1.22 billion for the prior quarter and $24 million for the same period last year "Robust AI demand and strong execution enabled Micron to drive 17% sequential revenue growth, exceeding our guidance range in fiscal
Revenue of $12,487 million for the second quarter, up 43 percent from the prior year periodGAAP net income of $2,121 million for the second quarter; Non-GAAP net income of $5,394 million for the second quarterAdjusted EBITDA of $7,429 million for the second quarter, or 59 percent of revenueGAAP diluted EPS of $4.42 for the second quarter; Non-GAAP diluted EPS of $10.96 for the second quarterCash from operations of $4,580 million for the second quarter, less capital expenditures of $132 million, resulted in $4,448 million of free cash flow, or 36 percent of revenueQuarterly common stock dividend of $5.25 per shareFiscal 2024 annual revenue guidance of approximately $51.0 billion including con
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
--First Quarter Revenue of $187 Million-- --Financing Commitments Secured from Largest Shareholder-- SINGAPORE, May 30, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) ("Maxeon" or "the Company"), a global leader in solar innovation and channels, today announced its financial results for the first quarter ended March 31, 2024. Maxeon's Chief Executive Officer Bill Mulligan noted, "Maxeon has been facing a very difficult market environment since the third quarter of last year, with challenging industry pricing conditions and demand disruptions in our DG busin
BOISE, Idaho, May 28, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), announced today that it will hold its fiscal third quarter earnings conference call on Wednesday, June 26, 2024, at 2:30 p.m. Mountain time. The call will be webcast live at http://investors.micron.com/. Webcast replays of presentations can be accessed from Micron's Investor Relations website for approximately one year after the call. About Micron Technology, Inc. We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellen
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
Xerox Holdings Corporation (NASDAQ:XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on July 31, 2024, to shareholders of record on June 28, 2024. The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on July 1, 2024, to shareholders of record on June 15, 2024. About Xerox Holdings Corporation (NASDAQ:XRX) For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print tec
SINGAPORE, May 21, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) (the "Company"), a global leader in solar innovation and channels, announced that on May 17, 2024, it received a notice of non-compliance (the "Notice") from the Nasdaq Global Select Market ("Nasdaq") stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) ("Listing Rule") because the Company did not timely file its annual report for the fiscal year ended December 31, 2023 on Form 20-F (the "Annual Report") with the Securities and Exchange Commission (the "SEC"). Th
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
SINGAPORE, May 13, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) (the "Company"), a global leader in solar innovation and channels, today announced it will postpone the release of its Fourth Quarter, Fiscal Year 2023 and First Quarter 2024 Financial Results, previously scheduled for May 15, 2024 U.S. ET / May 16, Singapore Time, to May 23, 2024. The additional time is necessary to complete the Company's preparation of its annual and quarterly reports and to provide the market with a comprehensive business update. The earnings press release and supplemental
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
Citigroup initiated coverage of Xerox with a rating of Sell and set a new price target of $11.00
Oppenheimer reiterated coverage of Apple with a rating of Outperform and set a new price target of $250.00 from $200.00 previously
Needham reiterated coverage of Micron with a rating of Buy and set a new price target of $150.00 from $120.00 previously
TD Cowen reiterated coverage of Micron with a rating of Buy and set a new price target of $160.00 from $150.00 previously
Rosenblatt upgraded Apple from Neutral to Buy and set a new price target of $260.00 from $196.00 previously
Evercore ISI reiterated coverage of Apple with a rating of Outperform and set a new price target of $250.00 from $220.00 previously
Maxim Group reiterated coverage of Apple with a rating of Hold and set a new price target of $195.00 from $178.00 previously
Rosenblatt reiterated coverage of NVIDIA with a rating of Buy and set a new price target of $200.00 from $140.00 previously
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 - MICRON TECHNOLOGY INC (0000723125) (Issuer)
4 - NVIDIA CORP (0001045810) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
6-K - Maxeon Solar Technologies, Ltd. (0001796898) (Filer)
8-K - CLEANSPARK, INC. (0000827876) (Filer)
8-K - NVIDIA CORP (0001045810) (Filer)
144 - Gitlab Inc. (0001653482) (Subject)
S-8 - Xerox Holdings Corp (0001770450) (Filer)
8-K - MARATHON DIGITAL HOLDINGS, INC. (0001507605) (Filer)
8-K - CLEANSPARK, INC. (0000827876) (Filer)
10-Q - MICRON TECHNOLOGY INC (0000723125) (Filer)
8-K - CLEANSPARK, INC. (0000827876) (Filer)
144 - Gitlab Inc. (0001653482) (Subject)
Average Operational Hash Rate Increases 2% M/M to 26.3 EH/sIncreased BTC Holdings to 18,536 BTC; Total Cash and BTC of $1.4 B as of June 30, 2024 Fort Lauderdale, FL, July 03, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today published unaudited bitcoin ("BTC") production and miner installation updates for June 2024. Management Commentary"Due to operational improvements in Ellendale and the facility being fully operational as of the beginning of July, we doubled our average operational hash rate year-over-year in June to 26.3 exahash," s
Company mined 445 bitcoin; Exceeds 20 EH/s, doubling operating hashrate since December LAS VEGAS, July 2, 2024 /PRNewswire/ -- CleanSpark Inc. (NASDAQ:CLSK), America's Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending June 30, 2024. The Company achieved and exceeded its mid-year target of 20 EH/s in operational hashrate, a result of its previously announced acquisition of five new bitcoin mining sites in Georgia. The 60 MW of infrastructure from these sites include interruptible-load designated power purchase agreements (PPA
BOISE, Idaho, June 27, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), a global leader in innovative memory and storage solutions, today announced the release of its 2024 sustainability report. This report details Micron's sustainability advancements, highlighting its award-winning efforts and reinforcing its commitment to sustainability and cutting-edge technology. "Micron is helping drive technological advances that will create significant new opportunities in the years ahead," said Micron President and CEO Sanjay Mehrotra. "Our 2024 sustainability report reflects our current commitments and future ambitions to employ technology to benefit our communities and the planet.
As a result of the transaction Cleanspark expects to add over 400 MW in Tennessee over the next 2 years CleanSpark's total announced, planned, and owned capacity now sits at over 1 GW of premium infrastructure in support of America's rapidly advancing technological environment LAS VEGAS, June 27, 2024 (GLOBE NEWSWIRE) -- CleanSpark Inc. (NASDAQ:CLSK) ("CleanSpark") and GRIID Infrastructure Inc. (NASDAQ:GRDI) ("GRIID") announced today that they have entered into a definitive merger agreement pursuant to which CleanSpark will acquire all the issued and outstanding common stock of GRIID in an all-stock transaction. The total enterprise value, including payment and assumption of debt, of the
93 Million KAS Mined, Equivalent to $15 Million, as of June 25, 2024 Fort Lauderdale, FL, June 26, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today announced that the Company is mining Kaspa (KAS), a proof-of-work (PoW) digital asset, to further diversify its portfolio of digital asset compute. Kaspa is currently the fifth largest proof-of-work digital asset by market cap. It boasts a market cap of $3.9 billion with approximately $64.8 million in daily trading volume as of June 25, 2024. The circulating supply is approximately 24 billion KAS wit
BOISE, Idaho, June 26, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) today announced results for its third quarter of fiscal 2024, which ended May 30, 2024. Fiscal Q3 2024 highlights Revenue of $6.81 billion versus $5.82 billion for the prior quarter and $3.75 billion for the same period last year GAAP net income of $332 million, or $0.30 per diluted shareNon-GAAP net income of $702 million, or $0.62 per diluted shareOperating cash flow of $2.48 billion versus $1.22 billion for the prior quarter and $24 million for the same period last year "Robust AI demand and strong execution enabled Micron to drive 17% sequential revenue growth, exceeding our guidance range in fiscal
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
PALO ALTO, Calif., June 25, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) today unveiled the latest updates to VMware Cloud Foundation (VCF), the company's flagship private cloud platform. The latest advancements in VCF support customers' digital innovation with faster infrastructure modernization, improved developer productivity, and better cyber resiliency and security with low total cost of ownership. "VMware Cloud Foundation is the industry's first private-cloud platform to offer the combined power of public and private clouds with unmatched operational simplicity and proven total cost of ownership value," said Paul Turner, Vice President of Products, VMware Cloud Foundation Di
~ Initial Access to 5,120 of NVIDIA's Latest and Most Powerful GPUs ~ ~ Develop and Deploy Advanced AI Enterprise Solutions for Fintech, Telecom, and Governments, Leveraging DIGIASIA's Existing Infrastructure and NVIDIA's Superior Hardware ~ ~ Significant Expansion of DIGIASIA's Comprehensive "Fintech as a Service" Ecosystem, Tapping into an Estimated USD 200-300 Billion Annual Global Opportunity for AI Across Financial Services1 ~ ~ Catalyst to Achieve Significant Growth of Top and Bottom Line Beginning in the Fourth Quarter of 2024 ~ NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Digi Tech Limited, the UAE based subsidiary of DIGIASIA Corp. (NASDAQ:FAAS) ("DIGIASIA" or the "Company"), a
Apple Inc. (NASDAQ:AAPL) has approved the marketplace app of Epic Games, the creator of “Fortnite,” for iPhones and iPads in Europe. This move comes amid a continuing conflict between the two tech behemoths. What Happened: Apple’s approval follows accusations from Epic Games that Apple was hindering its attempts to launch a games store on Apple devices. The tech giant stated that the dispute is centered around the Epic Sweden AB Marketplace and is not related to Epic’s Fortnite app, which Apple has already approved, reported Reuters. Epic Games had earlier alleged that Apple had twice rejected its application to launch the Epic Games Store due to similarities in the design of certa
Nvidia Corp. (NASDAQ:NVDA) has received a rare downgrade from New Street Research, with the analyst citing concerns about the stock’s overvaluation. What Happened: New Street Research analyst Pierre Ferragu downgraded Nvidia’s stock from buy to neutral, citing that the stock is "getting fully valued" after a remarkable 161% surge this year to date. The stock had previously seen a gain of almost 240% in 2023. Ferragu expressed doubt about any additional upside, stating that it would only materialize in a bull case, which is not yet certain. He also warned of a potential risk of derating if the current outlook remains unchanged. Subscribe to the Benzinga Tech Trends newsletter to get
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
- Reuters
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
Apple Inc. (NASDAQ:AAPL) shares are moving higher Friday. Here’s what you need to know. What’s Going On: The company is facing new accusations from Epic Games, the creator of “Fortnite,” over blocking its efforts to launch a game store on iPhones and iPads in Europe. Epic Games reported that Apple has rejected its Epic Games Store notarization submission twice, citing similarities in button designs and labels to those used by the App Store. Epic claims that these conventions are standard across popular app stores and argues that Apple’s rejections are arbitrary, violating the Digital Markets Act (DMA). What Else: In light of other developments, Apple is working on the next generatio
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
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
Shares of NIO Inc. (NYSE:NIO) fell sharply during Friday's session after the company disclosed that Steven Wei Feng has resigned as the Chief Financial Officer for personal and family reasons, effective July 5, 2024. NIO shares dipped 8.5% to $4.4550 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Qualigen Therapeutics, Inc. (NASDAQ:QLGN) jumped 120% to $0.3870 after gaining 6% on Wednesday. Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) rose 70.5% to $4.65 after gaining around 14% on Wednesday. MediWound Ltd. (NASDAQ:MDWD) shares jumped 45.6% to $21.12 after dipping around 7% on Wednesday. Koss Corporation (NASDAQ:KOSS) shares climb
As a result of the transaction Cleanspark expects to add over 400 MW in Tennessee over the next 2 years CleanSpark's total announced, planned, and owned capacity now sits at over 1 GW of premium infrastructure in support of America's rapidly advancing technological environment LAS VEGAS, June 27, 2024 (GLOBE NEWSWIRE) -- CleanSpark Inc. (NASDAQ:CLSK) ("CleanSpark") and GRIID Infrastructure Inc. (NASDAQ:GRDI) ("GRIID") announced today that they have entered into a definitive merger agreement pursuant to which CleanSpark will acquire all the issued and outstanding common stock of GRIID in an all-stock transaction. The total enterprise value, including payment and assumption of debt, of the
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
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
tvOS 18 introduces new cinematic experiences with InSight, Enhance Dialogue, and subtitles Apple® today announced software updates across its Home products that supercharge entertainment and deliver greater everyday convenience. With tvOS® 18, intelligent new features like InSight — and updates to Enhance Dialogue and subtitles — level up cinematic experiences, while new Apple Fitness+℠, Apple Music®, and FaceTime® capabilities get even better on users' biggest screen. The Home app gains new features with iOS 18, like guest access and hands-free unlock with home keys, delivering effortless and secure access to the home. tvOS 18 and iOS 18 are available as developer betas today, and will b
Xerox Holdings Corporation (NASDAQ:XRX) today announced the election of six new members to the Company's Board of Directors at its Annual Meeting of Shareholders. The new members bring deep technology, product, and operations expertise to further Xerox's Reinvention objective of becoming a services-led, software-enabled organization positioned for sustainable, long-term growth. The newly elected Directors are as follows: John Bruno, President and Chief Operating Officer, Xerox Tami Erwin, former Executive Vice President and Group CEO, Verizon Business Group Priscilla Hung, former President & Chief Operating Officer, Guidewire Software Edward McLaughlin, President & Chief Techn
NEW YORK, May 3, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Vistra Corp. (NYSE: VST) will replace Pioneer Natural Resources Co. (NYSE:PXD) in the S&P 500, S&P SmallCap 600 constituent Aaon Inc. (NASD: AAON) will replace Vistra in the S&P MidCap 400, and Marathon Digital Holdings Inc. (NASD: MARA) will replace Aaon in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, May 8. S&P 500 and S&P 100 constituent Exxon Mobil Corp. (NYSE:XOM) acquired Pioneer Natural Resources in a deal that closed today, Friday May 3. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action C
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
Seasoned financial leader brings deep experience delivering operational efficiency and profitable growth Bloom Energy Inc. (NYSE:BE), a leading provider of clean energy solutions, announced today the appointment of Daniel Berenbaum as Chief Financial Officer, effective April 29, 2024. Berenbaum will succeed Greg Cameron, who will remain with the company until mid-May 2024 to ensure a smooth transition. "We're thrilled to have Dan join our leadership team," said KR Sridhar, Founder, Chairman and Chief Executive Officer. "He stood out among an exceptional group of finalists by showing a strong record of success across the board – on scaling and strategy; on financial discipline and cost r
Fort Lauderdale, FL, April 15, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the world's largest publicly traded Bitcoin miners and a leader in supporting and securing the Bitcoin ecosystem, today announced the appointment of Manoj Narender Madnani as Managing Director for the EMEA Region, where he will oversee Marathon's strategic expansion opportunities in Europe, the Middle East, Africa, India, and Asia. Manoj Narender Madnani brings to Marathon an extensive background in international business development and global joint ventures, with a proven track record in corporate finance, international transactions, and strategy across
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