NVDA

Short interest for NVIDIA gives investors a sense of the degree to which investors are betting on the decline of NVIDIA's stock. Short interest data is updated every two weeks.

NVIDIA Stock (NASDAQ:NVDA), Short Interest Report

NVIDIA

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

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China has reportedly instructed its tech giants to reduce their reliance on foreign-made chips, particularly those from Nvidia and increase their purchase of domestic AI chips.

China Urges Tech Giants To Shift Away From Nvidia And Other Foreign Chip Makers, Boost Domestic AI Chip Purchases: Report

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As many as 14 analysts have upgraded TSMC in the past two weeks. The company&#39;s stock has witnessed a 35% increase since the start of the year and a 60% rise over the past year.

Key Apple Supplier&#39;s Stock Gets 14 Upgrades In 2 Weeks Amid Soaring Demand: What&#39;s Going On?

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Here&#39;s a breakdown of the notable executives who reaped substantial gains by spearheading the AI revolution at their respective companies (or by just being in the right place at the right time)/

The &#39;Silent&#39; Billionaires Cashing In On The AI Boom (Besides Nvidia&#39;s Jensen Huang And OpenAI&#39;s Sam Altman)

NVIDIA Corp

China has reportedly instructed its tech giants to reduce their reliance on foreign-made chips, particularly those from NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and increase their purchase of domestic AI chips.
What Happened: The Chinese government has advised major tech companies such as Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), ByteDance, and Tencent Holdings Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) to decrease their spending on foreign-made-chips, including those from Nvidia, The Information <a href="https://www.theinformation.com/articles/chinese-regulators-tell-local-tech-firms-to-buy-fewer-nvidia-chips">reported</a> on Monday, citing people familiar with the matter.
These companies are now expected to purchase an equal number of locally and foreign-made AI chips for their new data centers.
The directive, as per The Information, has not been strictly enforced, and it is unclear if any penalties will be imposed for non-compliant companies.
China&#8217;s new directive poses a significant challenge for Nvidia, which has been striving to provide specialized offerings for the Chinese market. The company is developing three new GPUs for China, designed to meet the restrictions under prevailing U.S. sanction rules.
China is a critical market for Nvidia, accounting for 19% of its data center chip revenue in fiscal year 2023. However, U.S. export restrictions have caused a significant drop in China&#8217;s revenue share, a matter of concern for Nvidia.
Representatives for China&#8217;s Ministry of Industry and Information Technology, Alibaba, Baidu, ByteDance, and Tencent did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/asia/24/05/38760872/us-ready-to-impose-new-tariffs-on-chinas-ev-solar-sectors-could-cause-more-severe-damage-than-last-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">US Ready To Impose New Tariffs On China&#8217;s EV, Solar Sectors: &#8216;Could Cause More Severe Damage&#8217; Than Last T</a>
Why It Matters: This move by China comes at a time when the global supply of high-performance memory chips is expected to remain constrained throughout 2024, driven by the <a href="https://www.benzinga.com/news/24/05/38807448/high-performance-memory-chip-supply-to-stay-tight-in-2024-amid-surging-ai-demand-major-manufacturers">soaring demand for artificial intelligence</a> technology. This is likely to affect the supply of these chips for the rest of 2024 and well into 2025.
Gaining control over the global supply of chips is becoming a central priority for Western governments trying to compete with China in the race to dominate the industry. This is part of the reasoning behind a long list of sizable investments that governments are pouring on their <a href="https://www.benzinga.com/markets/asia/24/05/38800273/chinas-semiconductor-spending-tops-us-with-142b-commitment-global-chip-race-heats-up">domestic building capabilities</a>. Subsidies are expected to reach hundreds of billions of dollars in the coming decade.
HSBC Global Research maintained Nvidia with a Buy rating Monday and lifted its 12-month price target as the firm believes the chipmaker's strong pricing power will allow the company to continue to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38798378/hsbc-analyst-sees-nvidia-stock-climbing-another-50-on-strong-pricing-power-ai-roadm">deliver upside surprises</a> through fiscal year 2026.
With the U.S. and China set to discuss the potential risks of advanced artificial intelligence, the talks will explore ways to mitigate the potential dangers of this emerging technology. The Biden administration has been actively seeking to engage China on various issues to minimize <a href="https://www.benzinga.com/news/24/05/38783544/us-china-to-discuss-ai-risks-in-geneva-will-washingtons-policies-be-up-for-negotiation">misunderstandings between the two countries</a>. The talks on AI were initiated following a discussion between U.S. Secretary of State Antony Blinken and China's Foreign Minister Wang Yi in April.
Read Next: <a href="https://www.benzinga.com/news/24/05/38788479/china-refutes-philippines-claims-of-creating-artificial-island-in-south-china-sea-groundless-and-pur?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">China Refutes Philippines Claims Of Creating Artificial Island In South China Sea: &#8216;Groundless And Pure Fabrication&#8217;</a>
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
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The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
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The Taiwanese chip manufacturer Taiwan Semiconductor Manufacturing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) has seen a surge in analyst upgrades. This comes as the demand for artificial intelligence chips continues to rise.
What Happened: As many as 14 analysts have upgraded TSMC in the past two weeks, <a href="https://www.cnbc.com/2024/05/14/14-analysts-upgraded-this-global-ai-chip-stock-in-the-past-2-weeks.html">reported</a> CNBC. The company&#8217;s stock has witnessed a 35% increase since the start of the year and a 60% rise over the past year.
"TSMC's shares remain attractive, as artificial intelligence-related demand continues to pleasantly surprise us, and there is limited downside to sentiment for the automotive and industrial markets," said Phelix Lee, equity analyst at Morningstar.&nbsp;
TSMC is the world&#8217;s leading producer of advanced processors, with a significant portion of its business driven by the AI sector. The company&#8217;s recent financial results, which exceeded revenue and profit expectations, have further bolstered its position.
&#8220;Without access to leading edge equipment, China has to order more legacy equipment to keep up with the West. This "inefficiency" has been estimated to likely create an additional ~10% in equipment demand over time," said Dan Kim, senior investment analyst at Saturna Capital.
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38787490/gamestop-shares-surge-as-roaring-kitty-resurfaces-after-3-year-silence?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GameStop Shares Surge As &#8216;Roaring Kitty&#8217; Resurfaces After 3-Year Silence</a>
The recent upgrades are attributed to the strong demand for advanced chips, especially those used in AI applications. Analysts are optimistic about TSMC&#8217;s future prospects, citing factors such as its disciplined approach to capital spending and the unexpected speed of AI server orders.
Why It Matters: The surge in TSMC&#8217;s stock and the high demand for advanced chips are in line with <a href="https://www.benzinga.com/news/24/05/38807448/high-performance-memory-chip-supply-to-stay-tight-in-2024-amid-surging-ai-demand-major-manufacturers">the global trend</a> of increasing AI technology. Major chip manufacturers are facing shortages due to the exponential demand for AI technology, a situation that is expected to persist through 2024 and into 2025.
China&#8217;s aggressive <a href="https://www.benzinga.com/markets/asia/24/05/38800273/chinas-semiconductor-spending-tops-us-with-142b-commitment-global-chip-race-heats-up">investment in semiconductor technology</a> is also a significant factor in the global chip race. The U.S. and China are set to discuss the risks of advanced AI in Geneva, highlighting the strategic importance of AI technology in the ongoing geopolitical competition.
Analysts have also <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38798378/hsbc-analyst-sees-nvidia-stock-climbing-another-50-on-strong-pricing-power-ai-roadm">predicted a 50% increase</a> in NVIDIA Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock due to its strong pricing power and AI roadmap, further underlining the growing significance of AI technology in the semiconductor industry.
Read Next: <a href="https://www.benzinga.com/insights/options/24/05/38791263/check-out-what-whales-are-doing-with-pltr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Check Out What Whales Are Doing With PLTR</a>
Image Via Shutterstock 
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
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Key Apple Supplier's Stock Gets 14 Upgrades In 2 Weeks Amid Soaring Demand: What's Going On?

The artificial intelligence revolution kicked into high gear in early 2023 following the widespread adoption of&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/05/38806678/elon-musk-shrugs-off-openais-latest-announcement-after-x-user-says-that-99-of-the-economy-will-be-ai" rel="noreferrer noopener">OpenAI</a><a target="_blank" href="https://www.benzinga.com/news/24/05/38806678/elon-musk-shrugs-off-openais-latest-announcement-after-x-user-says-that-99-of-the-economy-will-be-ai" rel="noreferrer noopener">&#8216;s&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/05/38806678/elon-musk-shrugs-off-openais-latest-announcement-after-x-user-says-that-99-of-the-economy-will-be-ai" rel="noreferrer noopener">ChatGPT</a>&nbsp;chatbot. Companies rushed to leverage this technology, leading to a notable improvement in their financial performance. As a result, the publicly-listed shares of these companies surged, enriching their founders and executives whose compensation is closely tied to stock awards.
Here&#8217;s a breakdown of the notable executives who reaped substantial gains by spearheading the AI revolution at their respective companies (or by just being in the right place at the right time):
<h2 class="wp-block-heading">1. Jensen Huang</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042130/shutterstock_2309655121-1024x683.jpg" alt="" class="wp-image-336549" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042130/shutterstock_2309655121-1024x683.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042130/shutterstock_2309655121-300x200.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042130/shutterstock_2309655121-768x512.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042130/shutterstock_2309655121-1536x1024.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042130/shutterstock_2309655121.jpg 1620w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Photo courtesy: Shutterstock</figcaption></figure>
Net worth: $79.5 billion
Forbes Billionaire Ranking: 17
Nvidia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) quickly pivoted to AI, securing a near-monopoly position in supplying high-performance AI accelerator chips. Under co-founder&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/38782845/nvidia-ceo-jensen-huangs-demanding-leadership-style-draws-mixed-reactions-from-experts-some-defe" rel="noreferrer noopener">Huang&#8217;s leadership</a>, Nvidia&#8217;s revenue soared by 126% to $60.92 billion in 2023, with earnings per share skyrocketing by 586% to $11.93. This remarkable growth propelled Huang&#8217;s net worth from $21.1 billion to $79.5 billion.
<h2 class="wp-block-heading">2. Charles Liang</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="563" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042322/charles-liang-fullsize-1024x563.jpg" alt="" class="wp-image-336553" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042322/charles-liang-fullsize-1024x563.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042322/charles-liang-fullsize-300x165.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042322/charles-liang-fullsize-768x422.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042322/charles-liang-fullsize.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Photo courtesy: Super Micro</figcaption></figure>
Net worth: $4.2 billion
Forbes Billionaire Ranking: 769
Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), led&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37516106/super-micros-earnings-skyrocket-with-ai-demand-analyst-highlights-growth-trajectory" rel="noreferrer noopener">by chairman and CEO Liang</a>, manufactures AI servers and storage solutions. Taiwan-born Liang&#8217;s net worth surged alongside the company&#8217;s success, reaching $4.2 billion, which saw it being added to the S&amp;P 500 Index.
<h2 class="wp-block-heading">3. Kwak Dong Shin</h2>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="600" height="492" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042419/Kwak-Dong-Shin-Hanmi.jpeg" alt="" class="wp-image-336555" style="aspect-ratio:3/2;object-fit:cover" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042419/Kwak-Dong-Shin-Hanmi.jpeg 600w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042419/Kwak-Dong-Shin-Hanmi-300x246.jpeg 300w" sizes="(max-width: 600px) 100vw, 600px" /><figcaption class="wp-element-caption">Photo courtesy: Hanmi</figcaption></figure>
Net worth: $3.7 billion
Forbes Billionaire Ranking: 888
Hanmi Semiconductor&nbsp;Vice Chairman and CEO Dong Shin boasts a net worth of $3.7 billion, driven by his 35.5% stake in the company. Hanmi&#8217;s advanced packaging equipment plays a crucial role in semiconductor performance, aligning with the growing demand for high bandwidth memory (HBM) in AI systems.
<h2 class="wp-block-heading">4. Shunsaku Sagami</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="980" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042512/Sagami-980x1024.jpeg" alt="" class="wp-image-336557" style="aspect-ratio:3/2;object-fit:cover" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042512/Sagami-980x1024.jpeg 980w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042512/Sagami-287x300.jpeg 287w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042512/Sagami-768x802.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042512/Sagami.jpeg 1034w" sizes="(max-width: 980px) 100vw, 980px" /><figcaption class="wp-element-caption">Photo courtesy: M&amp;A</figcaption></figure>
Net worth: $1.2 billion
Forbes Billionaire Ranking: 1,694
Sagami founded&nbsp;M&amp;A Research Institute, a Tokyo-based M&amp;A advisory firm leveraging AI. Despite his young age of 33, Sagami&#8217;s firm garnered significant attention and investor interest, propelling his net worth to $1.2 billion.
<h2 class="wp-block-heading">5. Ivan Zhao</h2>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="387" height="264" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042619/Ivan-Zhao.png" alt="" class="wp-image-336558" style="aspect-ratio:3/2;object-fit:cover" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042619/Ivan-Zhao.png 387w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042619/Ivan-Zhao-300x205.png 300w" sizes="(max-width: 387px) 100vw, 387px" /><figcaption class="wp-element-caption">Photo courtesy: Notion</figcaption></figure>
Net worth: $1.5 billion
Forbes Billionaire Ranking: 2,140
Zhao co-founded&nbsp;Notion Labs, a productivity software company known for its flagship product Notion. With AI integration enhancing Notion&#8217;s functionality, Zhao&#8217;s 30% stake in the company contributed to his $1.5 billion net worth.
<h2 class="wp-block-heading">6. Brett Adcock</h2>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="852" height="651" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042723/Brett_Adcock_01.jpg" alt="" class="wp-image-336559" style="aspect-ratio:3/2;object-fit:cover" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042723/Brett_Adcock_01.jpg 852w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042723/Brett_Adcock_01-300x229.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042723/Brett_Adcock_01-768x587.jpg 768w" sizes="(max-width: 852px) 100vw, 852px" /><figcaption class="wp-element-caption">Photo courtesy: <a href="https://en.wikipedia.org/wiki/Brett_Adcock#/media/File:Brett_Adcock_01.jpg" target="_blank" rel="noreferrer noopener">Wikimedia Commons</a> </figcaption></figure>
Net worth: $1.4 billion
Forbes Billionaire Ranking: 2,236
Adcock founded&nbsp;Figure AI, an AI robotics company that attracted investments from industry giants like&nbsp;Microsoft&nbsp;and Nvidia. With a valuation of $2.6 billion, Adcock&#8217;s estimated 50% stake in Figure propelled him into the billionaire ranks.
<h2 class="wp-block-heading">7. Lisa Su</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="738" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042837/shutterstock_2334820535-1024x738.jpg" alt="" class="wp-image-336560" style="aspect-ratio:3/2;object-fit:cover" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042837/shutterstock_2334820535-1024x738.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042837/shutterstock_2334820535-300x216.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042837/shutterstock_2334820535-768x553.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042837/shutterstock_2334820535.jpg 1499w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Photo courtesy: Shutterstock</figcaption></figure>
Net worth: $1 billion
Forbes Billionaire Ranking: 2,763
<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37601308/amd-ceo-lisa-su-says-ai-is-most-important-technology-of-last-50-years-everyone-will-want-an-ai-p" rel="noreferrer noopener">AMD CEO Su</a>&nbsp;revitalized the company&#8217;s fortunes with the launch of Ryzen processors. AMD&#8217;s foray into AI with M1300 AI accelerators contributed to Su&#8217;s net worth of $1 billion.
<h2 class="wp-block-heading">8. Michelle Zatlyn</h2>
<figure class="wp-block-image size-large"><a href="https://commons.wikimedia.org/wiki/File:Collision_2019_-_Toronto_-_ENX_9646_%2847894937341%29.jpg"><img loading="lazy" decoding="async" width="1024" height="724" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042924/Collision_2019_-_Toronto_-_ENX_9646_47894937341-1024x724.jpg" alt="" class="wp-image-336561" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042924/Collision_2019_-_Toronto_-_ENX_9646_47894937341-1024x724.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042924/Collision_2019_-_Toronto_-_ENX_9646_47894937341-300x212.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042924/Collision_2019_-_Toronto_-_ENX_9646_47894937341-768x543.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14042924/Collision_2019_-_Toronto_-_ENX_9646_47894937341.jpg 1511w" sizes="(max-width: 1024px) 100vw, 1024px" /></a><figcaption class="wp-element-caption">Photo courtesy: <a href="https://commons.wikimedia.org/wiki/File:Collision_2019_-_Toronto_-_ENX_9646_%2847894937341%29.jpg">Wikimedia Common</a>s</figcaption></figure>
Net worth: $1.2 billion
Forbes Billionaire Ranking: 2,410
Canadian-born Zatlyn co-founded&nbsp;Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), democratizing AI use for developers. The 44-year-old&#8217;s 2% stake in the company, where she plays the role of COO, combined with Cloudflare&#8217;s AI-powered infrastructure, led to her $1.2 billion net worth.
<h2 class="wp-block-heading">9. Sam Altman</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14043124/shutterstock_2425252275-1024x683.jpg" alt="" class="wp-image-336566" style="aspect-ratio:3/2;object-fit:cover" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14043124/shutterstock_2425252275-1024x683.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14043124/shutterstock_2425252275-300x200.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14043124/shutterstock_2425252275-768x512.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14043124/shutterstock_2425252275-1536x1024.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14043124/shutterstock_2425252275.jpg 1620w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Photo courtesy: Shutterstock</figcaption></figure>
Net worth: $1 billion
Forbes Billionaire Ranking: 2,692
Altman is the co-founder of OpenAI and a venture capital investor. A Stanford dropout, he founded the social-mapping company Loopt. Later, he was a partner at AI accelerator Y Combinator, serving as its president between 2014 and 2019. According to Forbes,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/05/38789502/sam-altman-received-openai-dismissal-news-while-he-was-in-vegas-hotel-room-during-f1-grand-prix-i-wa" rel="noreferrer noopener">Altman has no equity stake</a>&nbsp;in OpenAI, but his wealth is by way of his investments in&nbsp;Stripe,&nbsp;Reddit, and nuclear fusion firm&nbsp;Helion.
<h2 class="wp-block-heading">10. Harvey Jones</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14043853/Harvey-Jones-820x1024.jpg" alt="" class="wp-image-336581" style="aspect-ratio:3/2;object-fit:cover" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14043853/Harvey-Jones-820x1024.jpg 820w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14043853/Harvey-Jones-240x300.jpg 240w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14043853/Harvey-Jones-768x959.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14043853/Harvey-Jones.jpg 865w" sizes="(max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Photo courtesy: Nvidia</figcaption></figure>
Net worth: $1.1 billion
Forbes Billionaire Ranking: 2,679
Jones, a venture capitalist and entrepreneur who co-founded companies such as&nbsp;Daisy Systems&nbsp;and&nbsp;Tensilica, earned substantial compensation from&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/06/32884099/nvidia-insiders-continue-to-sell-shares-after-hitting-all-time-highs-1-trillion-market-cap-what-inve" rel="noreferrer noopener">his board membership</a>&nbsp;at Nvidia, adding to his net worth of $1.1 billion.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/best-artificial-intelligence-stocks" rel="noreferrer noopener">Best Artificial Intelligence Stocks</a>
The&nbsp;Global X Artificial Intelligence &amp; Technology ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>) ended Monday&#8217;s session up 0.60% at $33.59, according to&nbsp;<a target="_blank" href="https://benzinga.grsm.io/lxquj26b2sag" rel="noreferrer noopener">Benzinga Pro data.</a>&nbsp;The exchange-traded fund has gained 7.73% for the year-to-date period.
Read Next: <a href="https://www.benzinga.com/markets/asia/24/05/38800273/chinas-semiconductor-spending-tops-us-with-142b-commitment-global-chip-race-heats-up">China&#8217;s Semiconductor Spending Tops US With $142B Commitment: Global Chip Race Heats Up</a>

The 'Silent' Billionaires Cashing In On The AI Boom (Besides Nvidia's Jensen Huang And OpenAI's Sam Altman)

Taiwan's&nbsp;Hon Hai Precision (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHPF#OTC">HNHPF</a>) operating as&nbsp;Foxconn Technology Group has reported a significant increase in its first-quarter net profit, despite a decline in revenue attributed to weakened consumer electronics demand.
What Happened: The Taiwan-based contract manufacturer, known for assembling Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&#8217;s iPhones, announced on Tuesday that its net profit for the first quarter rose by 72% from the previous year, reaching NT$22.01 billion (US$679 million), <a href="https://www.wsj.com/business/earnings/foxconn-profit-surges-on-low-base-but-revenue-falls-91b74d36?mod=latest_headlines">reported</a> The Wall Street Journal.
This increase, however, fell short of the NT$28.76 billion estimated by analysts in a FactSet poll. The surge in profit was attributed to a low base last year when Foxconn faced a NT$17.3 billion write-down linked to its 34% stake in Japanese electronics maker Sharp.
Despite the profit surge, first-quarter revenue dropped by 9% to NT$1.324 trillion due to reduced consumer electronics demand.
The pandemic had caused a delay in production and shipment at Foxconn&#8217;s Zhengzhou, China factory, leading to a high base of comparison for the first quarter of last year. Nevertheless, its cloud and networking segment experienced strong revenue growth, driven by robust artificial intelligence server demand.
See Also: <a href="https://www.benzinga.com/insights/options/24/05/38791263/check-out-what-whales-are-doing-with-pltr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Check Out What Whales Are Doing With PLTR</a>
Foxconn has been diversifying its business lines in recent years, including ventures into electric vehicles and AI. The company is also expanding its production in countries such as India to reduce its reliance on China.
Why It Matters: Foxconn&#8217;s performance comes on the heels of a 9% decline in its <a href="https://www.benzinga.com/markets/equities/24/04/38108303/apples-key-supplier-foxconn-reports-9-decline-in-first-quarter-revenue-anticipates-growth-in-fut">first-quarter revenue for 2024</a>. Despite this, the company anticipated a revenue increase for the second quarter of 2024, traditionally considered an &#8220;off-peak season.&#8221;
Earlier in May, Foxconn reported its <a href="https://www.benzinga.com/markets/equities/24/05/38641338/apples-largest-iphone-manufacturer-reports-its-best-ever-april-revenue-amid-stronger-iphone-dema">best-ever April revenue</a>, marking a 19% surge in monthly revenue. This achievement led to a record high for April and a subsequent rise in the company&#8217;s shares to an all-time high in Taiwan.
In March, it was reported that Foxconn was <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37689044/apples-tech-ally-foxconn-is-making-a-play-for-the-ai-server-market-with-nvidia-ming">making a play for the AI server market</a> through a strategic partnership with NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). This move was expected to position Foxconn to benefit from a closer partnership with Nvidia in the long run.
Despite its financial performance, Foxconn has been facing political challenges in its home country. In November, Foxconn&#8217;s founder, Terry Gou, <a href="https://www.benzinga.com/news/23/11/35954719/taiwans-political-future-hangs-in-balance-as-these-three-factions-battle-to-replace-tsai-ing-wen">withdrew his bid for the Taiwanese presidency</a>, leading to a political shakeup as opposition parties vied for power.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38753994/cardano-founder-charles-hoskinson-says-voting-for-biden-is-a-vote-against-american-crypto-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cardano Founder Charles Hoskinson Says Voting For Biden Is A &#8216;Vote Against American Crypto Industry&#8217;</a>
Image Via Shutterstock 
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
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The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
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Earnings

AAPL

HNHPF

Apple's Biggest iPhone Assembler Posts 72% Profit Surge Even As Revenue Takes Hit From Weaker Consumer Electronics Demand

The global supply of high-performance memory chips is expected to remain constrained throughout 2024, driven by the soaring demand for artificial intelligence technology.
What Happened: The supply of high-end memory chips is projected to remain tight due to the exponential demand for AI technology, as per a CNBC <a href="https://www.cnbc.com/2024/05/14/ai-boom-to-keep-supply-of-high-end-memory-chips-tight-through-2024.html">report</a> on Tuesday. This is likely to affect the supply of these chips for the rest of 2024 and well into 2025.
Leading memory chip suppliers, including SK Hynix and Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), are already facing a shortage of high-bandwidth memory chips for 2024, with the stock for 2025 also nearly depleted.
″We expect the general memory supply to remain tight throughout 2024," Kazunori Ito, director of equity research at Morningstar said in a report.
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38777196/amid-nvidia-craze-jim-cramer-sees-a-chip-stock-not-on-anyones-radar-about-to-break-out-heres-wha?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid Nvidia Craze, Jim Cramer Sees A Chip Stock &#8216;Not On Anyone&#8217;s Radar&#8217; About To Break Out: Here&#8217;s What He Said</a>
The demand for AI chipsets has significantly boosted the high-end memory chip market, benefiting major players such as Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) and SK Hynix, the top two memory chipmakers globally.
"The manufacturing of these chips are more complex and ramping up production has been difficult. This likely sets up shortages through the rest of 2024 and through much of 2025," said William Bailey, director at Nasdaq IR Intelligence.
 Chip manufacturers are competing intensely to produce cutting-edge memory chips to capitalize on the AI surge.
In a recent press conference, SK Hynix announced its initiation of mass production for the latest HBM chips, the 12-layer HBM3E, starting in the third quarter. Samsung Electronics, on the other hand, plans to commence mass production in the second quarter, having already shipped samples of this advanced chip, marking an industry-first achievement.
"Currently Samsung is ahead in 12-layer HBM3E sampling process. If they can get qualification earlier than its peers, I assume it can get majority shares in end-2024 and 2025," said SK Kim, executive director and analyst at Daiwa Securities.
Why It Matters: The global race to control chip supply is intensifying, with China recently <a href="https://www.benzinga.com/markets/asia/24/05/38800273/chinas-semiconductor-spending-tops-us-with-142b-commitment-global-chip-race-heats-up">overtaking the U.S.</a> in semiconductor spending. This has become a key focus for Western governments in their efforts to compete with China in the industry.
Additionally, the U.S. and China are set to discuss the potential risks of advanced AI in <a href="https://www.benzinga.com/news/24/05/38783544/us-china-to-discuss-ai-risks-in-geneva-will-washingtons-policies-be-up-for-negotiation">upcoming talks in Geneva</a>. The talks will explore ways to mitigate the potential dangers of this emerging technology, which is driving the demand for high-end memory chips.
Meanwhile, NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is expected to continue delivering <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38798378/hsbc-analyst-sees-nvidia-stock-climbing-another-50-on-strong-pricing-power-ai-roadm">strong pricing power</a> and upside surprises through fiscal-year 2026, according to HSBC Global Research. This is likely to further fuel the demand for high-end memory chips.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38780639/bitcoin-ethereum-dogecoin-trade-mixed-after-turbulent-week-analyst-says-king-crypto-can-ri?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Trade Mixed After Turbulent Week: Analyst Says King Crypto Can Rise To $76K Level If It Reclaims This Crucial Support</a>
Image Via Shutterstock 
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
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SSNLF

High-Performance Memory Chip Supply To Stay Tight In 2024 Amid Surging AI Demand, Major Manufacturers Face Shortages

Meme stocks have once again captured the spotlight in the financial market following the return of Keith Gill — known widely as &#8220;Roaring Kitty&#8221;— to social media after <a href="https://www.benzinga.com/general/gaming/24/05/38798005/roaring-kitty-doubles-down-posts-new-videos-on-x-sending-gamestops-stock-higher">a three-year hiatus. </a>
For those unfamiliar, Gill is a pivotal figure in the meme stock phenomenon that took the financial world by storm in early 2021. As an individual investor and financial analyst, he became famous for his role in the explosive rise of GameStop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GME#NASDAQ">GME</a>)&#8217;s stock price.
The struggling video game retailer saw its shares soar from under $20 to nearly $500 at their peak in January 2021, largely driven by a short squeeze on investors who had bet against the stock amid weak fundamentals. 
Unlike traditional stocks, which are influenced by fundamental analysis and corporate performance, meme stocks are often subject to rapid price changes driven by hype <a href="https://www.benzinga.com/news/24/05/38795608/gamestop-leads-roaring-rally-whats-going-on-with-meme-stocks">and mass trading actions.</a>
Gill chronicled his investment journey across various platforms, including YouTube and Reddit, notably under the username u/DeepF&#x2A;&#x2A;&#x2A;&#x2A;&#x2A;&#x2A;Value on the subreddit r/WallStreetBets. His philosophy is emblematic of a broader narrative about meme stocks and the democratization of investing, illustrating how individual investors can unite to disrupt the financial status quo of seasoned and large investors.
Gill&#8217;s resurgence on X (formerly known as Twitter) on May 13, sparked a viral reaction. A posted image of a man intensely focused on a video game, adopting a serious gaming stance, served as a metaphor for Gill&#8217;s impactful return to the public eye.
The post has attracted considerable attention, amassing over 10K retweets, 24K quote tweets, 94K likes, and over 19 million views, highlighting its widespread appeal and significance.
<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"><a href="https://t.co/YgjVqtgcNS">pic.twitter.com/YgjVqtgcNS</a>
&mdash; Roaring Kitty (@TheRoaringKitty) <a href="https://twitter.com/TheRoaringKitty/status/1789807772542067105?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">GameStop, AMC Skyrocket</figcaption></figure>
As a result, GameStop&#8217;s share price soared by 74% on Monday, representing the fourth-largest one-day gain since the company&#8217;s IPO in 2002. This surge trails only behind the spikes of 104% on Feb. 21, 2021, 135% on Jan. 27, 2021, and 93% on Jan. 26, 2021.
Similarly, other meme-related stocks experienced significant increases. AMC Entertainment Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) saw its shares climb nearly 80%, marking its most substantial single-day rise since June 2021, the third strongest in its history. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65-1024x495.png" alt="" class="wp-image-335826" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h1 class="wp-block-heading">Meme-Stock Related ETFs Overview</h1>
Investors looking to capitalize on the volatility and potential high returns of these stocks can consider meme-stock-related exchange-traded funds (ETFs).

<h1 class="wp-block-heading">Schwab Crypto Thematic ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STCE#NYSE">STCE</a>)</h1>
<ul>
<li>Description: This ETF invests in key cryptocurrency companies and includes meme-related stocks, blending digital finance with viral market trends.</li>
<li>Top Holdings: MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), CleanSpark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>)</li>
<li>1-Day Return (May 13, 2024): 2.99%</li>
<li>Top Performers: AMC Entertainment Holdings, Inc., GameStop Corp., Beyond, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>)</li>
</ul>

<h1 class="wp-block-heading">SoFi Social 50 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFYF#NYSE">SFYF</a>)</h1>
<ul>
<li>Description: Tracks the top 50 stocks held in SoFi's self-directed accounts, highlighting popular choices among retail investors, including frequent meme stock picks.</li>
<li>Top Holdings: NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</li>
<li>1-Day Return (May 13, 2024): 2.1%</li>
<li>Top Performers: GameStop Corp., Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)</li>
</ul>

<h1 class="wp-block-heading">VanEck Vectors Social Sentiment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUZZ#NYSE">BUZZ</a>)</h1>
<ul>
<li>Description: Utilizes AI to analyze online content and select the 75 large-cap stocks with the most positive investor sentiment each month, reflecting current market trends.</li>
<li>Top Holdings: Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>)</li>
<li>1-Day Return (May 13, 2024): 0.9%</li>
<li>Top Performers: Rivian Automotive, Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>), Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)</li>
</ul>

Now Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38792909/bitcoin-mining-stocks-marathon-digital-riot-platforms-and-cleanspark-are-moving-monday-wha">Bitcoin Mining Stocks Marathon Digital, Riot Platforms And CleanSpark Are Moving Monday: What&#8217;s Going On?</a>
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As 'Roaring Kitty' Returns, Here Are 3 ETFs To Leverage The 2024 Meme Stock Wave

Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) made waves Monday with the announcement of the completion of its groundbreaking BioHive-2 supercomputer, as well as the <a href="https://www.benzinga.com/pressreleases/24/05/g38782854/recursion-announces-completion-of-nvidia-powered-biohive-2-the-largest-supercomputer-in-pharmaceut">notable surge in its stock that followed.</a>
RXRX Price Action: Recursion Pharmaceutical shares closed at $9.48 on Monday, reflecting an impressive gain of 10.2% compared to the previous day&#8217;s close, according to<a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2"> Benzinga Pro</a>.
What Happened: Recursion&#8217;s stock surge came after the company announced the completion of its new Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)-powered AI supercomputer. The computer, called BioHive-2, is powered by 63 Nvidia H100 systems with a total of 504 Nvidia H100 Tensor Core GPUs, interconnected by Nvidia Quantum-2 InfiniBand networking.
Related Link:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38798378/hsbc-analyst-sees-nvidia-stock-climbing-another-50-on-strong-pricing-power-ai-roadm"> HSBC Analyst Sees Nvidia Stock Climbing Another 50% On Strong Pricing Power, AI Roadmap</a>
The completion of the supercomputer signifies a significant milestone for Recursion in its quest to revolutionize drug discovery through advanced computational methods. The company&#8217;s innovative approach, coupled with the unveiling of this state-of-the-art supercomputer, has evidently resonated positively with investors, driving up demand for Recursion&#8217;s shares.
&#8220;With BioHive-2 now online, we have significantly more computational horsepower to accelerate our use of our ever-growing dataset, extending our ability to train larger and more generalizable foundation models and AI agents to industrialize our drug discovery efforts,&#8221; said Ben Mabey, chief technology officer at Recursion.
Monday&#8217;s trading activity saw Recursion&#8217;s stock trade as high as $10.40, showcasing the heightened investor interest. With a market capitalization of $2.248 billion, Recursion Pharmaceuticals continues to capture attention within the pharmaceutical and technology sectors, fueled by its ambitious goals and pioneering advancements in AI-driven drug discovery.
&#8220;Accelerated computing, combined with the power of generative AI, is propelling the pharmaceutical industry into a new, advanced era of drug discovery,&#8221; said Rory Kelleher, global head of business development for life sciences at Nvidia. 
&#8220;BioHive-2, powered by NVIDIA DGX AI supercomputing, is poised to accelerate the development of additional industry-leading foundation models across biology, chemistry, and healthcare.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/24/05/38747694/nvidia-backed-recursion-pharmaceuticals-stock-is-up-on-q1-earnings-everything-you-need-to-know">Nvidia-Backed Recursion Pharmaceuticals Stock Is Up On Q1 Earnings: Everything You Need To Know</a>
Image: courtesy of Recursion Pharmaceuticals.

Movers

RXRX

Recursion Pharmaceuticals Stock Surges 10% As Nvidia-Powered Supercomputer Completion Sparks Investor Optimism

<a href="https://www.washingtonpost.com/technology/2024/05/13/congress-ai-laws-research-regulation-schumer/">https://www.washingtonpost.com/technology/2024/05/13/congress-ai-laws-research-regulation-schumer/</a>

CRWD

ORCL

QCOM

Schumer's long-awaited AI 'road map' is coming this week. It will cost billions.

Baidu, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bidu#NASDAQ">BIDU</a>) is scheduled to report first-quarter 2024 results on May 16. 
The Zacks Consensus Estimate for revenues is pegged at $4.31 billion, indicating a decline of 4.9% from the year-ago quarter&#39;s reported figure. 
The Zacks Consensus Estimate for earnings is pegged at $2.30 per share, suggesting a 1.7% fall from the prior-year quarter&#39;s reported figure. The estimated figure has remained unchanged over the past 30 days. 
BIDU&#39;s earnings beat estimates in the trailing four quarters, the average being 17.14%.
<div class="chart_embed">
<h3>Baidu, Inc. Price and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/BIDU/price-eps-surprise?icid=chart-BIDU-price-eps-surprise"><img alt="Baidu, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/18/1715602793.png" style="height:299px; width:620px" title="" /> </a>
Baidu, Inc. price-eps-surprise | Baidu, Inc. Quote
</div>
<h3>Factors to Consider</h3>
Baidu&#39;s first-quarter 2024 results are likely to have benefited from its strengthening AI business, driven by the growing momentum of ERNIE Bot across China. 
Strength across Baidu Cloud is likely to have been another key catalyst for its AI business. 
The company&#39;s increasing focus on bolstering its ad technologies by introducing AI chatbots for brands, enabling them to enhance user engagement and drive customer demand, is expected to have been a tailwind in the to-be-reported quarter. 
Baidu&#39;s expanding partnerships with companies like Samsung, Honor and Autohome, which integrates ERNIE API into their own products, are expected to have further solidified its position as a leader in the generative AI market. 
Strength in Apollo Go Robotaxi service across China, on the back of its ongoing efforts to expand its operating area and intensify operations during peak hours in areas with complex traffic conditions, is likely to have aided Baidu&#39;s intelligent driving business during the quarter under review. 
Growing momentum in Baidu&#39;s mobile ecosystem is expected to have aided growth in the average daily active user base of the Baidu App in the first quarter. 
The company&#39;s growing R&amp;D efforts to enable enterprises and developers to use less advanced chips for efficient model training and inferencing are likely to have provided Baidu with a competitive advantage over its domestic peers in the to-be-reported quarter. 
However, the impacts of higher channel spending, promotional expenses and heavy spending on new growth areas are expected to have affected the company&#39;s performance in the first quarter. 
Further, broad-based weakness in China is anticipated to have negatively impacted the company during the quarter under review. 
The intensifying competitive landscape in generative AI and large language model markets is likely to have been a headwind.
<h3>What Our Model Says</h3>
According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that&#39;s not the case here. 
Baidu has an Earnings ESP of 0.00% and currently carries a Zacks Rank #4 (Sell).
<h3>Stocks to Consider</h3>
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases: 
NVIDIA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) has an Earnings ESP of +2.50% and a Zacks Rank #1 at present. 
NVIDIA is scheduled to release first-quarter fiscal 2025 results on May 22. The Zacks Consensus Estimate for NVDA&#39;s earnings is pegged at $5.49 per share, suggesting a significant jump from the prior-year quarter&#39;s reported figure of $1.09 per share. 
Abercrombie &amp; Fitch (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) has an Earnings ESP of +5.10% and a Zacks Rank #2 at present. 
Abercrombie &amp; Fitch is set to report first-quarter 2024 results on May 29. The Zacks Consensus Estimate for ANF&#39;s earnings is pegged at $1.54 cents per share, indicating a significant jump from the year-ago quarter&#39;s reported figure of 39 cents per share. 
Costco Wholesale (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) has an Earnings ESP of +0.07% and a Zacks Rank #3 at present. 
Costco Wholesale is set to report its third-quarter fiscal 2024 results on May 30. The Zacks Consensus Estimate for COST&#39;s earnings is pegged at $3.69 per share, suggesting a 7.6% growth from the prior-year quarter&#39;s reported figure. 
<a href="https://www.zacks.com/stock/news/2272927/baidu-bidu-to-report-q1-earnings-what-s-in-the-offing?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2272927">To read this article on Zacks.com click here.</a>

COST

Baidu to Report Q1 Earnings: What's in the Offing?

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Nvidia (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) one of those stocks right now? A quick glance at the company&#39;s year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Nvidia is a member of our Computer and Technology group, which includes 619 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Nvidia is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for NVDA&#39;s full-year earnings has moved 20.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, NVDA has returned 81.5% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 12.8% on average. This means that Nvidia is performing better than its sector in terms of year-to-date returns.
Another stock in the Computer and Technology sector, Onto Innovation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/onto#NYSE">ONTO</a>), has outperformed the sector so far this year. The stock&#39;s year-to-date return is 46.7%.
The consensus estimate for Onto Innovation&#39;s current year EPS has increased 2.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Nvidia belongs to the Semiconductor - General industry, which includes 8 individual stocks and currently sits at #189 in the Zacks Industry Rank. On average, stocks in this group have gained 56.7% this year, meaning that NVDA is performing better in terms of year-to-date returns.
On the other hand, Onto Innovation belongs to the Nanotechnology industry. This 2-stock industry is currently ranked #27. The industry has moved +43.8% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on Nvidia and Onto Innovation as they attempt to continue their solid performance.
<a href="https://www.zacks.com/stock/news/2272790/is-nvidia-nvda-outperforming-other-computer-and-technology-stocks-this-year?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_1-2272790">To read this article on Zacks.com click here.</a>

ONTO

Is NVIDIA Outperforming Other Computer and Technology Stocks This Year?

HSBC Global Research maintained Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a Buy rating Monday and lifted its 12-month price target as the firm believes the chipmaker&#8217;s strong pricing power will allow the company to continue to deliver <a href="https://www.benzinga.com/markets/equities/24/05/38781377/is-now-the-right-time-to-invest-in-nvidia-fund-managers-are-split-one-of-the-hardest-things-ive-">upside surprises through fiscal-year 2026</a>. 
What To Know: In a new note to clients, HSBC analyst Frank Lee emphasized that Nvidia has robust pricing power in its NVL36/NVL72 server rack system and GB200 platform. The analyst maintained an optimistic outlook on the stock with a Buy rating and elevated target price of $1,350, up from $1,050.
Lee pointed out that he previously anticipated strong momentum from Nvidia this year driven by the company&#8217;s <a href="https://www.benzinga.com/topic/ai">AI</a> roadmap for 2025. He now believes his prior estimates were too low.
&#8220;We are even more bullish that Nvidia now has the potential to see FY26 revenue of USD196bn based on its NVL36/NVL72 server rack ASP of USD1.8m/USD3m and total server rack unit assumption of 35,000,&#8221; the HSBC analyst said in the note.
Lee highlighted potential uncertainties surrounding the transition of Nvidia&#8217;s GPU products in the latter half of the year and noted that although he expects the chipmaker to beat estimates when it reports earnings later this month, he sees &#8220;limited room for significant earnings upside&#8221; over the next two quarters. 
Nvidia is expected to report earnings of $5.55 per share and revenue of $24.485 billion on May 22, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>. Lee expects Nvidia&#8217;s first-quarter revenue to surpass both consensus forecasts and management guidance, forecasting revenue of about $26 billion in the first quarter and potential revenue of $28 billion in the second quarter.
Takeaway: While HSBC does not foresee significant upside surprises in Nvidia&#8217;s upcoming earnings reports, the Buy rating reflects the firm&#8217;s confidence in Nvidia&#8217;s long-term growth prospects. The raised target price with approximately 50% upside from current levels signals HSBC&#8217;s belief in Nvidia&#8217;s ability to capitalize on its product transitions and sustain its momentum into the future. Lee believes there is &#8220;significant upside&#8221; to fiscal-year 2026 earnings that is still not fully priced in.
See Also: <a href="https://www.benzinga.com/24/05/38766245/nvidias-triumphant-rise-to-a-2-27-trillion-titan-and-goldman-sachs-bold-22-growth-prediction-as-new">Nvidia&#8217;s Triumphant Rise To A $2.27 Trillion Titan And Goldman Sachs&#8217; Bold 22% Growth Prediction As New Partnerships Forge Ahead</a>
NVDA Price Action: Nvidia shares were up 0.45% at $902.75 Monday afternoon, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga Pro</a><a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">.</a>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="768" height="561" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13135043/NVDA.png" alt="" class="wp-image-335617" style="width:465px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13135043/NVDA.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13135043/NVDA-300x219.png 300w" sizes="(max-width: 768px) 100vw, 768px" /></figure>
Photo: Shutterstock.

Analyst Color

Price Target

HSBC Analyst Sees Nvidia Stock Climbing Another 50% On Strong Pricing Power, AI Roadmap

Piper Sandler&nbsp;analyst Harsh V. Kumar noted that&nbsp;last week,&nbsp;the SOX was up 2%, while the NASDAQ and S&amp;P were up 1% and 2%, respectively.&nbsp;
Starting in geopolitics, the U.S. is again&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/05/38692107/intel-qualcomm-export-licenses-revoked-by-us-tech-giants-wont-be-able-to-sell-chips-to-huawei-report" rel="noreferrer noopener">cracking down on</a>&nbsp;China&#8217;s&nbsp;Huawei Technologies Co Ltd. The government has revoked licenses to&nbsp;Intel Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and&nbsp;Qualcomm Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>).&nbsp;
Kumar noted that the move forced Intel to&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38706594" rel="noreferrer noopener">revise its quarterly revenue guidance</a>, while Qualcomm did not make any changes due to its low exposure to Huawei.&nbsp;
The analyst noted that Qualcomm only provided 4G modems and other Wi-Fi products to the company and expected product revenues to disappear by the end of the year.&nbsp;
Taiwan Semiconductor Manufacturing Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) also reported April revenues this week, which were up significantly year-on-year to&nbsp;the tune of&nbsp;~60%, Kumar flagged. He noted this&nbsp;is&nbsp;largely driven&nbsp;by leading-edge customers such as&nbsp;Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and&nbsp;Apple Inc&nbsp;(AAPL). On Apple, the company is reportedly looking to work on implementing OpenAI&#8217;s ChatGPT into its next version of iOS.&nbsp;&nbsp;
<a target="_blank" href="https://www.benzinga.com/news/24/05/38787960/arm-holdings-gears-up-for-ai-foray-with-new-chip-division-launching-next-year" rel="noreferrer noopener">Recent reports indicated</a>&nbsp;that Arm Holdings Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) plans to commercialize its first AI chips by fall 2025.
Meanwhile, China became stricter in its retaliation to the U.S. embargo on AI chips. It canvassed its domestic tech firms, including Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), <a href="https://www.benzinga.com/government/24/05/38793179/nvidia-in-spotlight-as-chinese-tech-giants-push-for-domestic-ai-solutions">to use domestic AI chips.</a>
Photo courtesy: Shutterstock

How Does The Semiconductor Index Trend Compare To Nasdaq? Analyst Opines

All but two of the Magnificent Seven — Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), 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>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) — issue dividends.
As an investor in these companies, here is how much you (and others) <a href="https://www.benzinga.com/dividends?date_sort=ex&amp;tickers=GOOG">could stand to gain</a>.
Microsoft Dividend: Microsoft will issue a dividend of 75 cents per share at a 0.74% yield on May 15. Its dividend yield has slowly trickled down in recent quarters even as the company raised its dividend from 68 cents to 75 cents in late 2023. Former CEO Steve Ballmer and founder Bill Gates are largest shareholders in Microsoft according to the latest SEC and Microsoft filings.
Apple Dividend: Apple issued a dividend of 25 cents per share at a 0.59% yield on May 10. While Apple has had a <a href="https://www.benzinga.com/government/24/01/36463729/apples-85b-services-business-in-crosshairs-of-legal-and-regulatory-rulings">rocky</a> year, the company increased its dividend in the first quarter by a cent. <a href="https://finance.yahoo.com/news/warren-buffett-apple-is-not-35-of-berkshires-portfolio-175313329.html">According</a> to Yahoo Finance, Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) holds approximately 5.8% of Apple&#8217;s shares even after recently <a href="https://www.benzinga.com/markets/equities/24/05/38630421/warren-buffett-confidence-in-apple-wanes-berkshire-cuts-stake-by-18-amid-tech-giants-troubles">trimming</a> its position. While CEO Warren Buffett famously does not pay dividends out of Berkshire earnings, he <a href="https://www.benzinga.com/trading-ideas/dividends/23/11/35593045/want-to-make-money-while-you-sleep-here-are-warren-buffetts-top-dividend-picks">enjoys</a> the dividend payments from several of his holdings.
Nvidia Dividend: Nvidia issued a dividend of 4 cents per share at a 0.02% yield on March 5. Its dividend has remained constant amid its <a href="https://www.benzinga.com/trading-ideas/24/05/38569426/nvidias-roller-coaster-ride-through-early-2024-sets-the-stage-for-a-potential-market-shakeup-as-inv">ballooning</a> share price and rapid growth. Co-founder and CEO Jen Hsun Huang is the <a href="https://www.benzinga.com/sec/insider-trades/0001197649/jen-hsun-huang">largest</a> individual shareholder of Nvidia with approximately 3% of shares.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38790019/april-inflation-data-preview-why-analysts-expect-economic-pressure-to-cool">April Inflation Data Preview: Why Analysts Expect Price Pressures To Cool</a>
Alphabet Dividend: Alphabet <a href="https://www.benzinga.com/trading-ideas/24/05/38569426/nvidias-roller-coaster-ride-through-early-2024-sets-the-stage-for-a-potential-market-shakeup-as-inv">announced</a> its first-ever dividend on April 25. The dividend, to be paid out on June 10, is 20 cents per share at a 0.5% yield. Co-founders Larry Page and Sergey Brin are the largest shareholders of Alphabet, according to SEC filings.
Amazon Dividend: Amazon has never issued a dividend. Founder and Executive Chairman Jeff Bezos repeatedly insisted on the importance of reinvestment in the company as part of his &#8220;Day One&#8221; <a href="https://www.benzinga.com/real-estate/24/04/38437205/jeff-bezos-has-been-predicting-amazons-inevitable-death-for-years-and-says-lifespans-of-large-compan">philosophy</a> even as the company reigns in billions in profit.
Meta Platforms Dividend: Meta Platforms paid out its first-ever dividend of 50 cents per share at a 0.51% yield on Feb. 21. Co-founder and CEO Mark Zuckerberg is <a href="https://www.benzinga.com/markets/equities/24/02/36903970/mark-zuckerberg-set-to-pocket-700m-annually-as-meta-declares-first-ever-dividend">estimated</a> to profit $700 million annually from Meta&#8217;s dividend program. Zuckerberg is the largest shareholder of Meta.
TSLA Dividend: Tesla has never issued a dividend and intends to reinvest profits for the foreseeable future.
Now Read: <a href="https://www.benzinga.com/markets/24/05/38793898/chatgpt-on-apple-iphone-make-or-break-data-for-stock-market-ahead">ChatGPT On Apple iPhone, Make Or Break Data For Stock Market Ahead</a>
Photo: <a href="https://www.shutterstock.com/g/gguy">gguy</a> via Shutterstock

Dividends

AMZN

The Magnificent Seven: Here's How You Can Profit From Their Dividend Programs

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: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$900.00</td>
<td>$175.9K</td>
<td>15.7K</td>
<td>36.7K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$152.50</td>
<td>$52.5K</td>
<td>4.3K</td>
<td>9.0K</td>
</tr>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$35.00</td>
<td>$66.5K</td>
<td>30</td>
<td>3.5K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$190.00</td>
<td>$25.7K</td>
<td>25.6K</td>
<td>2.3K</td>
</tr>
<tr>
<td>TSM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$147.00</td>
<td>$65.7K</td>
<td>758</td>
<td>1.6K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$405.00</td>
<td>$31.2K</td>
<td>10.9K</td>
<td>1.1K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$780.00</td>
<td>$36.2K</td>
<td>892</td>
<td>872</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/24/24</td>
<td>$120.00</td>
<td>$52.0K</td>
<td>1.3K</td>
<td>871</td>
</tr>
<tr>
<td>PATH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$21.00</td>
<td>$32.2K</td>
<td>2.3K</td>
<td>398</td>
</tr>
<tr>
<td>ARM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$95.00</td>
<td>$31.9K</td>
<td>462</td>
<td>386</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on May 17, 2024. Parties traded 93 contract(s) at a $900.00 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 $175.9K, with a price of $1890.0 per contract. There were 15796 open contracts at this strike prior to today, and today 36708 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with bullish sentiment. It expires in 4 day(s) on May 17, 2024. Parties traded 185 contract(s) at a $152.50 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $52.5K, with a price of $284.0 per contract. There were 4364 open contracts at this strike prior to today, and today 9033 contract(s) were bought and sold. 
• For DOCN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), we notice a call option trade that happens to be neutral, expiring in 186 day(s) on November 15, 2024. This event was a transfer of 100 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $66.5K, with a price of $665.0 per contract. There were 30 open contracts at this strike prior to today, and today 3519 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option trade that happens to be bullish, expiring in 67 day(s) on July 19, 2024. This event was a transfer of 50 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $515.0 per contract. There were 25657 open contracts at this strike prior to today, and today 2364 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a put option trade that happens to be bullish, expiring in 4 day(s) on May 17, 2024. This event was a transfer of 332 contract(s) at a $147.00 strike. The total cost received by the writing party (or parties) was $65.7K, with a price of $198.0 per contract. There were 758 open contracts at this strike prior to today, and today 1617 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option trade with bearish sentiment. It expires in 4 day(s) on May 17, 2024. Parties traded 30 contract(s) at a $405.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $1040.0 per contract. There were 10910 open contracts at this strike prior to today, and today 1182 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a put option trade that happens to be bullish, expiring in 4 day(s) on May 17, 2024. This event was a transfer of 20 contract(s) at a $780.00 strike. The total cost received by the writing party (or parties) was $36.2K, with a price of $1810.0 per contract. There were 892 open contracts at this strike prior to today, and today 872 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on May 24, 2024. Parties traded 100 contract(s) at a $120.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $52.0K, with a price of $520.0 per contract. There were 1398 open contracts at this strike prior to today, and today 871 contract(s) were bought and sold. 
• For PATH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>), we notice a put option sweep that happens to be bullish, expiring in 95 day(s) on August 16, 2024. This event was a transfer of 125 contract(s) at a $21.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $32.2K, with a price of $258.0 per contract. There were 2384 open contracts at this strike prior to today, and today 398 contract(s) were bought and sold. 
• For ARM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), we notice a call option trade that happens to be bullish, expiring in 186 day(s) on November 15, 2024. This event was a transfer of 10 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $31.9K, with a price of $3196.0 per contract. There were 462 open contracts at this strike prior to today, and today 386 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

DOCN

PATH

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

Monday.com (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mndy#NASDAQ">MNDY</a>) is set to report first-quarter 2024 results on May 15. 
The Zacks Consensus Estimate for first-quarter revenues is pegged at $210.33 million, indicating an increase of 29.63% from the year-ago quarter. The company expects total revenues in the range of $207-$211 million, indicating year-over-year growth in the band of 28-30%. 
The consensus estimate for MNDY&#39;s earnings has remained steady at 39 cents per share over the past 30 days, indicating a surge of 178.57% from the year-ago quarter.
<div class="chart_embed">
<h3>monday.com Ltd. Price and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/MNDY/price-eps-surprise?icid=chart-MNDY-price-eps-surprise"><img alt="monday.com Ltd. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/f4/1715599249.png" style="height:304px; width:620px" title="" /> </a>
monday.com Ltd. price-eps-surprise | monday.com Ltd. Quote
</div>
<h3>Factors to Note</h3>
MNDY&#39;s first-quarter results are expected to reflect strength in customer acquisition and expansion, especially with larger accounts. An increase in the adoption of new capabilities, including monday AI and monday workflows, is expected to have aided customer engagement. 
The company also introduced an updated pricing model across its products, including monday work management, monday sales CRM and monday dev, which is likely to have aided top-line growth. 
MNDY&#39;s recent partnerships are likely to have positively impacted the company&#39;s performance. It ended 2023 with 219 active partners, 612 new referral partners and 409 marketplace apps, which are expected to have enhanced monday.com&#39;s overall performance. 
At the end of the fourth quarter, total monday sales CRM accounts increased to 13,318, representing 21% growth from the prior quarter. This trend is expected to have continued in the to-be-reported quarter. Through a collaboration with Crunchbase, monday.com has made prospecting significantly easier. Users can now enter into the domain of a company in their Accounts board, and details, including industry, description and number of employees, will automatically appear. 
The monday dev now includes unexpected detection with an &quot;unplanned&quot; column as a trigger for additional automations and workflows, which allows users to handle the state automatically. This is expected to have aided growth in total monday dev accounts. At the end of the fourth quarter, total monday dev accounts grew to 1,448, representing 39% growth from the prior quarter. 
In 2023, the company added 821 enterprise customers (&gt;$50k ARR), up from 681 customers added in 2022. This growth was driven by strengthening enterprise-grade capabilities, including the rollout of mondayDB. This trend is likely to have continued in the to-be-reported quarter.
<h3>What Our Model Indicates</h3>
According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that&#39;s not the case here. 
MNDY has an Earnings ESP of 0.00% and carries a Zacks Rank #3 at present.
<h3>Stocks With a Favorable Combination</h3>
Here are some stocks that, according to our model, have the right combination of elements to beat on earnings this season. 
NVIDIA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) has an Earnings ESP of +2.50% and a Zacks Rank #2 at present. 
NVIDIA&#39;s shares have surged 79.2% year to date. NVDA is scheduled to release first-quarter fiscal 2025 results on May 22. 
Agilent Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/a#NYSE">A</a>) has an Earnings ESP of +0.72% and a Zacks Rank #3 at present. 
The stock has inched up 4.4% year to date. A is set to report its second-quarter fiscal 2024 results on May 29. 
Applied Materials (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amat#NASDAQ">AMAT</a>) has an Earnings ESP of +0.31% and a Zacks Rank #3 at present. 
Shares of Applied Materials have gained 27.3% year to date. AMAT is set to report second-quarter fiscal 2024 results on May 16. 
<a href="https://www.zacks.com/stock/news/2272608/monday-com-mndy-to-report-q1-earnings-what-s-in-the-cards?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2272608">To read this article on Zacks.com click here.</a>

AMAT

MNDY

Monday.com to Report Q1 Earnings: What's in the Cards?

OpenAI CTO Announces GPT-4o Model To Be Free Due To Increased Efficiency

At the end of April, Advanced Micro Devices Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>) failed to impress, unlike Nvidia Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) that has been crushing investor expectations on the back of soaring AI chip sales for quite a while. It&rsquo;s no secret that&nbsp;AMD trails&nbsp;the undoubtable leader&nbsp;Nvidia&nbsp;that holds as much as&nbsp;80% of the&nbsp;thriving&nbsp;market for&nbsp;AI&nbsp;server semiconductors.
<h3>First Quarter Highlights</h3>
For the March quarter,&nbsp;AMD reported revenue&nbsp;rose 2% YoY to&nbsp;$5.47 billion&nbsp;that slightly surpassed LSEG&rsquo;s estimate of&nbsp;$5.46 billion.
Unlike last year&rsquo;s comparable quarter when it made a net loss of&nbsp;$139 million, or 9 cents per share, AMD reported&nbsp;a&nbsp;net income of $123 million, or 7 cents per share.
Adjusted&nbsp;earnings&nbsp;amounted to&nbsp;62 cents&nbsp;per share,&nbsp;slightly surpassing 61 cents a share analysts expected.
Data center&nbsp;revenue&nbsp;jumped 80% to $2.3 billion&nbsp;thanks to&nbsp;AMD&#39;s MI300 series of AI processors&nbsp;that challenge Nvidia and its graphics processing units.&nbsp;CEO Lisa Su&nbsp;revealed that&nbsp;AMD&rsquo;s MI300X&nbsp;is being used by&nbsp;Microsoft&nbsp;Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>), Meta&nbsp;Platforms (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>), and Oracle&nbsp;Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/orcl#NYSE">ORCL</a>).&nbsp;Since the launch which took place during 2023&rsquo;s fourth quarter,&nbsp;AMD sold over $1 billion&nbsp;worth of chips.
But it was not enough to&nbsp;offset weakness in the traditional server market.&nbsp;Moreover,&nbsp;AMD&rsquo;s results were also hurt by gaming revenue that tanked as much as&nbsp;48% to $922 million.
AMD already&nbsp;guided&nbsp;significant double-digit percentage declines in this segment&nbsp;due to&nbsp;revenue from the chips it designs for gaming consoles such as&nbsp;Xbox from&nbsp;Microsoft&nbsp;Corporation&nbsp;and&nbsp;PlayStation 5 from&nbsp;Sony&nbsp;Group Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>)&nbsp;already hitting their peak.&nbsp;This year marks the fifth year since the most recent generation of gaming consoles has been released&nbsp;and&nbsp;AMD&#39;s videogame console revenue peaks after roughly four years.Moreover, a report from&nbsp;research firm Newzoo&nbsp;that was published in April revealed that gamers are clocking in less hours.&nbsp;Newzoo&nbsp;expects personal computing and console gaming revenue growth&nbsp;to&nbsp;continue lagging&nbsp;pre-pandemic levels through 2026. Year to date, industry giants like Sony and Electronic Arts have laid off hundreds of employees. Sony Group is scheduled to report its fiscal fourth quarter earnings on Tuesday. All eyes will be on the profitability of the gaming division as PlayStation 5 promotions ate into profits during the third quarter. When it reported its third fiscal quarter results, Sony lowered projections&nbsp;of&nbsp;PlayStation 5 sales and gaming revenue&nbsp;for the rest of the fiscal 2023.
Revenue from the embedded segment&nbsp;that consists of networking chips&nbsp;also plummeted&nbsp;46% to $846 million, with&nbsp;demand for the segment&nbsp;already expected to remain&nbsp;soft throughout&nbsp;the first half of the year.&nbsp;Revenue was additionally hit from ongoing inventory corrections from this segment as clients clear out a build-up of chips.
<h3>A Guidance That Failed To Impress</h3>
For the full year,&nbsp;AMD expects AI chip sales&nbsp;of about&nbsp;$4 billion, raising its prior estimate by&nbsp;$500 million.&nbsp;As for the second quarter,&nbsp;AMD&nbsp;guided&nbsp;revenue of about $5.70 billion, plus or minus $300 million&nbsp;which is in line with LSEG&rsquo;s average estimate.&nbsp;
On an adjusted basis, AMD&nbsp;guided for second quarter&rsquo;s&nbsp;gross margin of about 53%,&nbsp;hardly beating&nbsp;the estimate of 52.9%.
In simple words, investors were expecting a stronger demand pipeline for AMD&rsquo;s AI-related products and were disappointed were AMD being slower than Nvidia.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

General

Sony Group Corporation American Depositary Shares

SONY

AMD Failed To Meet Lofty Expectations

To gain an edge, this is what you need to know today.
<img alt="" src="https://thearorareport.com/wp-content/uploads/2024/05/2024-05-13_08h51_19.png" style="height:392px; width:624px" />
<h3>Make Or Break Data Ahead</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-chatgpt-on-iphone-qqq-mc-05132024">click here</a> for an enlarged&nbsp;chart of Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
Note the following:
<ul>
<li>The chart shows QQQ is in the resistance zone.</li>
<li>The chart shows that the rally is on low volume, indicating a lack of conviction.</li>
<li>The chart shows that RSI has jumped and is now overbought. RSI indicates that the stock market is now vulnerable to the downside if the macro data goes against the market.</li>
<li>The chart shows Arora calls to raise hedges near the top and the Arora call to reduce hedges near the bottom.&nbsp;When hedges are used over a long period of time, they can add significant amounts to your returns and significantly lower your risks. If you do not hedge, you can simply adjust cash.&nbsp;Please see the &ldquo;Protection Band And What To Do Now&rdquo; section below.</li>
<li>Consumer Price Index (CPI) and Producer Price Index (PPI) are ahead &ndash;these pieces of data are make or break for the stock market.&nbsp;Here is the consensus:
<ul>
<li>0.3% for headline PPI</li>
<li>0.2% for core PPI</li>
<li>0.4% for headline CPI</li>
<li>0.3% for core CPI</li>
</ul>
</li>
<li>Wall Street is positioned for inflation data to cool and the stock market to break out of the resistance zone shown on the chart.&nbsp;&nbsp;</li>
<li>Prudent investors need to be aware that if the data goes against Wall Street&rsquo;s positioning, the stock market reaction to the downside can be severe due to positive positioning.&nbsp;&nbsp;</li>
<li>Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is reportedly in talks with OpenAI to put ChatGPT on iPhones.&nbsp;This is creating positive sentiment in the market.&nbsp;On the surface, this is negative for Alphabet Inc Class C (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) and Alphabet Inc Class A (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>).</li>
<li>As a proof positive of the speculative sentiment in the stock market rapidly increasing ahead of the key data, the meme crowd is back. They are running up video game retailer GameStop Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gme#NYSE">GME</a>). To some degree, this is reminiscent of the start of the last meme crowd craze which ended in tears for the meme crowd.</li>
<li>Artificial intelligence stocks are getting a boost on reports that Arm Holdings PLC - ADR (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arm#NASDAQ">ARM</a>) is developing new artificial intelligence chips</li>
</ul>
<h3>Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in AAPL, Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>), NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in GOOG and Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>).
In the early trade, money flows are mixed in S&amp;P 500 ETF (SPY) and QQQ.
<h3>Momo Crowd And Smart Money In Stocks</h3>
The momo crowd is buying stocks in the early trade.&nbsp;Smart money is inactive in the early trade.
<h3>Gold</h3>
The momo crowd is buying gold in the early trade.&nbsp;Smart money is inactive in the early trade.
For longer-term, please see gold and silver ratings.
The most popular ETF for gold is SPDR Gold Trust (ARCA:GLD). The most popular ETF for silver is iShares Silver Trust (ARCA:SLV).&nbsp;
<h3>Oil</h3>
The momo crowd is buying oil in the early trade.&nbsp;Smart money is inactive in the early trade.
For longer-term, please see oil ratings.
The most popular ETF for oil is United States Oil ETF (ARCA:USO).
<h3>Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is seeing buying along with the rise in speculative sentiment.
<h3>Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp;The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp;If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp;When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp;High beta stocks are the ones that move more than the market.
<h3>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 seven 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>.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

$BTC

ChatGPT On Apple iPhone, Make Or Break Data For Stock Market Ahead

The State Of The Stock Market In 18 Charts

Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) remained at the forefront of investor attention Monday amid reports of Chinese regulators instructing local tech firms to reduce their consumption of the key U.S. artificial intelligence chip designer.
China urged domestic tech firms, including&nbsp;TikTok&nbsp;parent&nbsp;ByteDance,&nbsp;Tencent Holding Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>),&nbsp;Alibaba Group Holding Limited&nbsp;&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and&nbsp;Baidu Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), to invest in more domestically made AI chips instead, the Information&nbsp;<a target="_blank" href="https://www.theinformation.com/articles/chinese-regulators-tell-local-tech-firms-to-buy-fewer-nvidia-chips" rel="noreferrer noopener">cites</a>&nbsp;familiar sources.&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/government/23/10/35345164/is-nvidia-benefiting-from-us-sanctions-on-china" rel="noreferrer noopener">Is Nvidia Benefiting From US Sanctions On China?</a>
In 2023, the U.S. imposed strict restrictions on the import of advanced artificial intelligence chips from companies like Nvidia and&nbsp;Advanced Micro Devices, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) to China as geopolitical tensions intensified between the countries since the pandemic outbreak.
Recently, Alibaba co-founder and chairman Joe Tsai&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/04/38140039/us-embargo-on-nvidia-stings-hard-chinas-ai-development-lags-peers-alibabas-joe-tsai-reveals" rel="noreferrer noopener">expressed how the&nbsp;</a>U.S. embargo had affected its cloud business and its capability to provide high-end computing services.&nbsp;
Meanwhile,&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/04/38267102/intel-and-nvidia-reveal-new-products-for-china-adapt-ai-chip-strategies-in-response-to-us-sanctions" rel="noreferrer noopener">separate reports indicated</a>&nbsp;that Intel and Nvidia are launching tailor-made AI chips to cater to the Chinese market, following China&#8217;s instructions to domestic telecom operators to eliminate foreign processors by 2027.
Nvidia stock gained over 209% in the last 12 months. Investors can gain exposure to the stock via&nbsp;VanEck Semiconductor ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and&nbsp;Global X Robotics &amp; Artificial Intelligence ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOTZ#NASDAQ">BOTZ</a>).
Price Action:&nbsp;NVDA shares traded higher by 0.25% at $901.04&nbsp;at the last check Monday.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38188367/nvidia-eyes-continued-leadership-in-90b-accelerator-market-despite-recent-dip-bofa-analyst" rel="noreferrer noopener">Nvidia Eyes Continued Leadership in $90B Accelerator Market, Despite Recent Dip: BofA&nbsp;Analyst</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Government

Regulations

Media

BOTZ

Nvidia in Spotlight as Chinese Tech Giants Push for Domestic AI Solutions

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
An Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) Store strike is coming to Towson, Maryland as members of the International Association of Machinists and Aerospace Workers Coalition of Organized Retail Employees (IAM CORE) <a href="https://www.goiam.org/news/iam-core-members-at-first-unionized-u-s-apple-retail-store-vote-to-authorize-strike/">voted in favor of the strike</a>.



This strike comes after the union employees have negotiated with Apple for over a year. The IAM CORE members decided on the strike due to the &ldquo;unsatisfactory outcomes&rdquo; of these negotiations.



Here&rsquo;s what the IAM CORE Negotiating Committee said about the Apple Store strike.




&ldquo;The passage of the strike sanction vote highlights IAM CORE&rsquo;s unwavering commitment to advocating for the rights and well-being of workers in the face of challenges. As discussions with Apple management continue, we remain committed to securing tangible improvements that benefit all employees.&rdquo;




<h2>Timing of the Apple Store Strike</h2>



It&rsquo;s still not been decided when this Apple Store strike will take place. What is worth noting is that the Towson, Maryland location was the <a href="https://www.cnn.com/2024/05/12/tech/apple-maryland-workers-strike/index.html">first Apple Store to unionize</a>. Other stores have attempted to but with less success.



This has resulted in conflict between Apple and some of its retail employees. That includes allegations that the tech giant has taken part in union-busting tactics to keep its workers from unionizing.



AAPL stock is up 1.7% as of Monday morning.



Investors looking for more of the most recent stock market stories are in luck!



We have all of the hottest market news traders need to know about on Monday! Among that is what&rsquo;s happening with shares of GameStop&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/gme-stock-quote/">GME</a>), Polestar&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/psny-stock-quote/">PSNY</a>) and Nvidia&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) stock today. All of that info is available at the following links!



<h2>More Stock Market News for Monday</h2>



<ul><li><a href="https://investorplace.com/2024/05/gme-stock-halted-as-roaring-kitty-triggers-major-gamestop-rally/">GME Stock Halted as Roaring Kitty Triggers Major GameStop Rally</a></li>



<li><a href="https://investorplace.com/2024/05/could-polestar-stock-be-the-biggest-loser-as-biden-levies-new-tariffs-on-chinese-evs/">Could Polestar Stock Be the Biggest Loser as Biden Levies New Tariffs on Chinese EVs?</a></li>



<li><a href="https://investorplace.com/2024/05/hsbc-just-raised-its-price-target-on-nvidia-nvda-stock/">HSBC Just Raised Its Price Target on Nvidia (NVDA) Stock</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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Nvidia has received orders for some 350,000 of its H20 chips from Chinese firms.

China Asks Tech Companies To Buy Less Of Nvidia Chips

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
One Wall Street institution believes chip stocks are in for another massive rally. Analysts at Jefferies are offering coverage on multiple semiconductor producers, including Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>). While NVDA stock has recently been on a dip, Jefferies sees this as a key opportunity for investors before the next phase of the artificial intelligence (AI) boom.



Nvidia isn&rsquo;t the only chip stock that the Wall Street bank expects big things from in the coming quarters. However, Street Insider <a href="https://www.streetinsider.com/AI/Its+time+to+buy+the+AI+dip+in+chip+stocks%3A+Jefferies/23211586.html">reports</a> that Nvidia boasts the title of being Jefferies&rsquo; &ldquo;favorite&rdquo; chip stock. This bodes well for NVDA as the Silicon Valley breakout sensation looks to maintain its dominance over the sector.



NVDA stock hasn&rsquo;t fallen by too much, down only 0.5% in the last five days. What&rsquo;s more, as investors already know, Nvidia hasn&rsquo;t stayed down for long since the advent of ChatGPT and the AI gold rush. Therefore, any dip is likely an opportunity to double down on shares before they rise again.



<h2>What&rsquo;s Happening With NVDA Stock?</h2>



NVDA stock started the day by falling. However, with positive sentiment from Wall Street and shares back up 1% as of this writing, Jefferies&rsquo; predictions are looking more and more correct. Indeed, analysts at the firm expect a &ldquo;strong ramp for the GB200 NVL 36/72, which includes NVDA Arm based CPUs and more networking.&rdquo; Analyst Blayne Curtis <a href="https://www.tipranks.com/news/blurbs/new-buy-rating-for-nvidia-nvda-the-technology-giant-27">maintains a &ldquo;buy&rdquo; rating</a> for Nvidia and a bullish price target of $1,200, implying upside potential of more than 30%.



It makes sense that enthusiasm for Nvidia would be climbing, as the company is <a href="https://investorplace.com/2024/05/should-you-buy-nvidia-nvda-stock-before-may-22/">getting ready to report</a> first-quarter earnings. Many experts expect the May 22 report to send shares higher, including InvestorPlace&rsquo;s Louis Navellier. Indeed, Navellier sees the report as a <a href="https://investorplace.com/market360/2024/05/7-blue-chip-stock-beauties-to-bet-on-in-may/">likely tailwind</a>, even if Nvidia does not match previous blowout quarters.



Other Wall Street banks are <a href="https://www.tipranks.com/news/nvidia-stock-has-another-50-to-go-says-hsbc">even more bullish</a> on NVDA stock. HSBC analyst Frank Lee has a $1,350 price target, implying upside potential of around 50%. Lee noted the following:




&ldquo;We believe Nvidia will continue to demonstrate its strong pricing power via its NVL36/NVL72 server rack system and GB200 platform, which will once again surprise the market on the upside in [fiscal year 2026].&rdquo;




On TipRanks, Nvidia holds a <a href="https://www.tipranks.com/stocks/nvda/forecast">strong buy consensus rating</a> based on 41 opinions. That breaks down to 39 buys, two holds and no sell ratings.



<h2>What Comes Next?</h2>



All eyes are on Nvidia as the company prepares for its Q1 report. Despite the recent dip, almost everyone seems optimistic that shares are destined to bounce back post-earnings. Jefferies also has good reason to be optimistic about the future of chip stocks, as <a href="https://www2.deloitte.com/us/en/pages/technology-media-and-telecommunications/articles/semiconductor-industry-outlook.html">demand is expected</a> to keep rising. With demand for AI products and components still heating up, NVDA stock is poised to lead the charge higher.



On the date of publication, Samuel O&rsquo;Brient&nbsp;did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Samuel O&rsquo;Brient is a Reporter for InvestorPlace, where his work focuses primarily on financial markets, global economic trends, and public policy. O&rsquo;Brient writes a weekly column on recent political news that investors should be following.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/05/jefferies-wants-investors-to-buy-nvidia-nvda-stock-on-the-dip/">Jefferies Wants Investors to Buy Nvidia (NVDA) Stock on the Dip</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Jefferies Wants Investors to Buy Nvidia (NVDA) Stock on the Dip

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It would be foolish to turn a blind eye to the best quantum computing stock picks. Last year, we saw how a revolutionary technology like generative AI led the stock market to record gains. Companies involved directly or indirectly with generative AI saw their stock balloon in a relatively short&nbsp;time span. Given the incredible potential of quantum technology, I feel we could be in for something similar.



Quantum computing can potentially become a multi-billion dollar market within the next few years. With practical applications in everything from computing to energy to consumer and commercial finance, it&rsquo;s tough to ignore the power of quantum computing. &nbsp;Moreover, the battle for supremacy in quantum computing is intensifying, with major global powers vying for leadership. The U.S. and China are allocating billions to advancing their respective capabilities in the quantum computing field. Their investments effectively point to the strategic long-term importance of quantum computing and the tremendous upside potential in quantum computing stock picks.



<h2>Quantum Computing Stock Picks: IonQ (IONQ)</h2>



<a href="https://investorplace.com/wp-content/uploads/2024/01/ionq.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/ionq-300x169.jpg" alt="IONQ logo"></a>IonQ&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/ionq-stock-quote/" target="_blank">IONQ</a>) develops and sells access to multiple qubit-capacity quantum computers through cloud platforms in the U.S. It is also one of the most successful quantum computing pure-plays, having grown its sales<a href="https://seekingalpha.com/symbol/IONQ/income-statement" target="_blank">&nbsp;from $2.1 million in 2021 to $22 million last year</a>. Sales jumped more than 80% last year, which led to its stock gaining a market-beating 44%.



In recent months, though, we&rsquo;ve seen the stock slow down substantially, having shed roughly 26% of its value year-to-date (YTD). However, following another smashing quarterly performance in the first quarter (Q1), its stock is up almost 10% this month. Nevertheless, it still has a lot of ground to cover in matching its 52-week high of $21.60.



As mentioned earlier, the company&rsquo;s Q1 was another step in the right direction. Its sales jumped $7.6 million,&nbsp;<a target="_blank" href="https://seekingalpha.com/news/4103011-ionq-beats-top-line-and-bottom-line-estimates-initiates-q2-and-raises-fy24-bookings-outlook">up 77.2% on a year-over-year basis (YOY)</a>&nbsp;while beating estimates by $600,000. Additionally, it anticipates revenue growth between 68.2% and 86.4%, projecting revenues to reach between $37 million and $41 million YOY, ahead of estimates. Additionally, with a sweet $434.4 million in its cash till, it has ample liquidity to push forward with aplomb.



<h2>Sealsq (LAES)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/09/quantum-computing-3-300x169.jpg" alt="A concept image showing a quantum computer with a matrix background; quantum computing. leading quantum stocks, Best Quantum Computing Stocks to Buy"><div>Source: Shutterstock</div></div>Sealsq&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/laes-stock-quote/" target="_blank">LAES</a>)&nbsp;is a speculative quantum play that develops and sells quantum-resistant secure microcontrollers and related products such as processors and firmware. These specialized chips are designed to protect data efficiently against potential future threats from quantum computers.



Sealsq ended last year,&nbsp;<a target="_blank" href="https://9201667.fs1.hubspotusercontent-na1.net/hubfs/9201667/SEALSQ%20Annual%20Report%202023%20v4.pdf">delivering $30 million in sales</a>, roughly 30% higher on a YOY basis. Moreover, cash and cash equivalents were at $6.9 million, which is rather precarious given its liabilities. Its total liabilities are roughly 4.6 times its total equity, which is concerning, to say the least.



However, it has a few catalysts that could result in even healthier top-line growth ahead. For instance, its WISeSat picosatellite project significantly aims to improve satellite IoT device connectivity. Moreover, we saw its stock price spike briefly when it announced its foray into AI chip development. Hence, its involvement in three of the biggest multi-year trends in the stock market makes it an interesting bet. Also, considering you could swap its shares for a candy bar, it&rsquo;s unlikely to break the bank anytime soon.



<h2>Defiance Quantum ETF (QTUM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/Quantum1600-300x169.jpg" alt="A digital rendering of a circuit board and digital chip in neon colors to illustrate quantum computing"><div>Source: Shutterstock</div></div>Defiance Quantum ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/qtum-stock-quote/" target="_blank">QTUM</a>) is perhaps a clear winner on the list. It&rsquo;s one of the few, if any,&nbsp;<a href="https://investorplace.com/industries/technology/quantum-computing/" target="_blank">quantum computing stocks</a>&nbsp;that&rsquo;s been in favor with investors over the past several years.&nbsp;In fact,&nbsp;QTUM stock has gained&nbsp;<a href="https://seekingalpha.com/symbol/QTUM/momentum/performance" target="_blank">more than 142% in value</a>&nbsp;over the past five years, blowing past the S&amp;P 500&rsquo;s 82% gain. Similarly, it has outperformed the S&amp;P 500 across multiple&nbsp;time periods, including last year.



Moreover, its expense ratio of just 0.40% is roughly 17% cheaper than the sector median. On top of that, investing in QTUM comes with a dividend. Though its&nbsp;<a target="_blank" href="https://seekingalpha.com/symbol/QTUM/dividends/scorecard">dividend yield of 0.8%</a>&nbsp;is nothing to write home about, it&rsquo;s paid dividends for the past five years, outperforming any pure-play quantum computing firm in this regard. Furthermore, it has investments in 71 different companies, including some of the biggest tech players like&nbsp;MicroStrategy&nbsp;(NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/mstr-stock-quote/">MSTR</a>),&nbsp;Micron Technology&nbsp;(NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/mu-stock-quote/">MU</a>),&nbsp;Nvidia&nbsp;(NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>),&nbsp;Coherent Corp.&nbsp;(NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/cohr-stock-quote/">COHR</a>), among others.



On <a href="https://investorplace.com/stock-types/penny-stocks/">Penny Stocks</a> and Low-Volume Stocks:&nbsp;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More: <a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">Penny Stocks &mdash; How to Profit Without Getting Scammed</a>



On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/quantum-leap-3-computing-stocks-on-the-brink-of-a-breakout/">Quantum Leap: 3 Computing Stocks on the Brink of a Breakout</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Wall Street Lunch: Roaring Kitty Returns!

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Today, we discuss three thematic ETFs to buy for investors looking to tap into future trends, consumer preferences or disruptive technologies. Metrics suggest how fast investor sentiment <a href="https://www.etfcentral.com/news/key-takeaways-from-the-2024-trackinsight-global-etf-survey-thematic-etfs">towards certain themes,</a> industries, countries or stocks may change on Wall Street. For instance, since the early days of COVID-19, we have witnessed different trends, including healthcare, green investing, blockchain, crypto, <a href="https://investorplace.com/2024/05/baidu-stock-analysis-its-surprisingly-cheap-to-bet-on-chinas-chatgpt/">China&rsquo;s digitalization.</a> cybersecurity, autonomous&nbsp;vehicles and artificial intelligence (<a href="https://investorplace.com/stock-quotes/ai-stock-quote/">AI</a>). Yet, looking beyond the short-term and selecting the right theme demands vigilant due diligence and analysis.



The three thematic ETFs we introduce today may help investors capture the market&rsquo;s pulse and capitalize on specific industries without betting on single stocks. However, we should note that many thematic ETFs come with higher expense ratios than widely-held index funds tracking the S&amp;P 500, the Dow Jones Industrial Average or the Nasdaq 100 indices. Such higher annual expenses could potentially impact overall returns, so buyer beware.



<h2>Defiance Quantum &amp; AI ETF (QTUM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/qtum-1-300x169.jpg" alt="A digital illustration of the cryptocurrency Qtum (QTUM)."><div>Source: Shutterstock</div></div>Quantum technologies (QT) that mostly bring together quantum physics and engineering have been entering the commercial space, with an expected global market of <a href="https://www.sdi.co.uk/news/quantum-drive-boosting-the-commercial-potential-of-tech-innovations#:~:text=Enabling%20a%20quantum%20revolution&amp;text=According%20to%20GlobalData%2C%20the%20global,in%20enabling%20the%20quantum%20revolution.">$10 billion by 2030.</a> In particular, <a href="https://investorplace.com/2024/05/3-quantum-computing-stocks-with-the-potential-to-make-you-an-overnight-millionaire/">quantum computing</a> has been getting considerable attention. Meanwhile, consumer interest in the generative AI platforms, such as Alphabet&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>) Gemini and OpenAI&rsquo;s ChatGPT, are projected to drive the generative AI market to <a href="https://www.bloomberg.com/company/press/generative-ai-to-become-a-1-3-trillion-market-by-2032-research-finds/">$1.3 trillion by 2032.</a> In other words, the AI segment is looking at a 42% compound annual growth rate (CAGR), compared to $40 billion in 2022.



Thus, our first pick among the thematic ETFs to buy is the Defiance Quantum &amp; AI ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/qtum-stock-quote/">QTUM</a>). The fund <a href="https://www.defianceetfs.com/qtum/">offers exposure to leading global businesses</a> in transformative computing technologies such as machine learning, quantum computing and cloud platforms.



QTUM currently <a href="https://www.defianceetfs.com/wp-content/uploads/funddocs/qtum/QTUM-FactSheet.pdf?rand=0.760694749908339">holds 70 stocks,</a> with its top 10 holdings accounting for 20% of its $252 million net assets. Quantum Computing Technology dominates the subsector breakdown at 40%, followed by Machine Learning Services (19%) and AI &amp; Application Chips (16%). The majority of firms, over 58%, are U.S.-based, with notable presence from Japan (13%), and the Netherlands (8%).



Among QTUM&rsquo;s top holdings, we see a globally diverse set of technology companies. They include the cryptocurrency developer MicroStrategy (NASDAQ:<a href="https://investorplace.com/stock-quotes/mstr-stock-quote/">MSTR</a>), Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>), Socionext (OTCMKTS:SOCNF), Micron Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/mu-stock-quote/">MU</a>) and MKS Instruments (NASDAQ:<a href="https://investorplace.com/stock-quotes/mksi-stock-quote/">MKSI</a>).



Year-to-date (YTD), the fund has <a href="https://www.cnbc.com/quotes/QTUM?qsearchterm=qtum">gained nearly 10%</a> and currently trades at <a href="https://finance.yahoo.com/quote/QTUM">26.5 times trailing earnings.</a> We believe QTUM presents a potential opportunity for investing in transformative quantum and AI technologies without having to select individual stocks. Readers should note the expense ratio of 0.4% and dividend yield of 0.8%.



<h2>Invesco S&amp;P Spin-Off ETF (CSD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/etf-1600-300x169.png" alt="Illustration of an ETF in multiple sectors."><div>Source: SWKStock / Shutterstock</div></div>Spinoffs&rsquo; have emerged as a viable alternative for businesses aiming to restructure and enhance corporate returns. Despite a <a href="https://www.morningstar.com/markets/spinoffs-are-new-ipos">slowdown in initial public offering</a> (<a href="https://investorplace.com/stock-quotes/ipo-stock-quote/">IPO</a>) activity, <a href="https://stockanalysis.com/actions/spinoffs/2023/">spinoff numbers have surged,</a> with well over 20 in both 2022 and 2023. So far in 2024, Wall Street has seen three <a href="https://stockanalysis.com/actions/spinoffs/2024/">spinoffs.</a>



Therefore, continuing our thematic ETFs to buy, we focus on the <a href="https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&amp;ticker=CSD">Invesco S&amp;P Spin-Off ETF</a> (NYSEARCA:<a href="https://investorplace.com/stock-quotes/csd-stock-quote/">CSD</a>). It gives access to U.S. companies spun off from their parent companies within the past four years. Launched in December 2006, the fund has a market value close to $60 million.



The CSD fund has 32 holdings and the top 10 stocks represent approximately 60% of the portfolio. Among the leading names are GE Vernova (NYSE:<a href="https://investorplace.com/stock-quotes/gev-stock-quote/">GEV</a>), Veralto (NYSE:<a href="https://investorplace.com/stock-quotes/vlto-stock-quote/">VLTO</a>), Constellation Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/ceg-stock-quote/">CEG</a>), GE HealthCare Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/gehc-stock-quote/">GEHC</a>) and Solventum (NYSE:<a href="https://investorplace.com/stock-quotes/solv-stock-quote/">SOLV</a>). Sector allocations include Industrials (43%), Health Care (20%) and Information Technology (9%), among others.



Last week, CSD hit an all-time high. It has <a href="https://www.cnbc.com/quotes/CSD?qsearchterm=csd">gained over 13%</a> since January, outperforming the <a href="https://www.spglobal.com/spdji/en/indices/equity/sp-500/#overview">S&amp;P 500&rsquo;s 9%</a> YTD return. These returns are, in fact, consistent with <a href="https://www.diva-portal.org/smash/get/diva2:1127475/FULLTEXT01.pdf">academic research</a> that suggests it may be &ldquo;&hellip;more profitable to invest in a portfolio consisting of spinoffs than&hellip;.the general stock market.&rdquo;



Finally, investors may want to note that the CSD ETF&rsquo;s trailing price-to-earnings (P/E) and price-to-book (P/B) ratios stand at 17x and 3x. Additionally, CDS has a 0.65% net expense ratio and 0.5% dividend yield.



<h2>ProShares Pet Care ETF (PAWZ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/pawz-etf-300x169.jpg" alt="A picture of two dogs and two cats holding on to a white ledge"><div>Source: Shutterstock</div></div>Our final thematic ETF to buy is the <a href="https://www.proshares.com/our-etfs/strategic/pawz">ProShares Pet Care ETF</a> (NYSEARCA:<a href="https://investorplace.com/stock-quotes/pawz-stock-quote/">PAWZ</a>). If you are looking to capitalize on the growing trend of pet ownership and demand for pet-related products and services, then this fund should be on your radar.



Launched in November 2018, PAWZ comprises 25 stocks. The fund&rsquo;s top 10 holdings include Zoetis (NYSE:<a href="https://investorplace.com/stock-quotes/zts-stock-quote/">ZTS</a>), Freshpet (NASDAQ:<a href="https://investorplace.com/stock-quotes/frpt-stock-quote/">FRPT</a>), IDEXX Laboratories (NASDAQ:<a href="https://investorplace.com/stock-quotes/idxx-stock-quote/">IDXX</a>), Chewy (NYSE:<a href="https://investorplace.com/stock-quotes/chwy-stock-quote/">CHWY</a>) and French veterinary pharmaceutical company Virbac (OTCMKTS:<a href="https://investorplace.com/stock-quotes/vrbcf-stock-quote/">VRBCF</a>). These 10 businesses account for almost 70% of its $61 million net assets.



Around two-thirds of the businesses are U.S.-based, followed by the U.K. (9%), France (7%), Switzerland (4%) and Canada (4%). Sector weightings include Pharmaceuticals, Biotechnology (25%), followed by Health Care Equipment &amp; Services (20%), Food, Beverage &amp; Tobacco (20%) and Consumer Discretionary Distribution (19%).



With the global pet care market <a href="https://www.precedenceresearch.com/pet-care-market#:~:text=The%20global%20pet%20care%20market%20will%20register%20growth,7.03%25%20between%202024%20and%202033.">projected to exceed $597 billion</a> by 2033 and the U.S. <a href="https://www.nar.realtor/blogs/economists-outlook/a-stunning-stat-there-are-more-american-households-with-pets-than-children">households with pets outnumbering</a> those with children, the sector shows clear growth potential. However, customer&rsquo;s changing behavior due to economic pressures like <a href="https://animalhealthnewsandviews.com/the-pet-industry-is-doing-great-and-getting-worse/">&ldquo;petflation&rdquo;</a> have <a href="https://blog.marketresearch.com/5-key-pet-industry-trends-to-watch-2024-2028#:~:text=Continued%20Pet%20Industry%20Growth%20Amid,annual%20growth%20rate%20(CAGR).">led to struggles</a> for many businesses in the sector.



As a result, PAWZ <a href="https://www.cnbc.com/quotes/PAWZ?qsearchterm=pawz">declined over 6%</a> since January and nearly 5% over the past year. Meanwhile, it has a 0.50% expense ratio and 0.4% dividend yield. Despite challenges, investing in pet care portfolios for long-term gains remains a potentially prudent choice, given the ongoing trend of pet ownership.



On the date of publication, Tezcan Gecgil had both long and short positions in NVDA stock.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Tezcan Gecgil, PhD, began contributing to InvestorPlace in 2018. She brings over 20 years of experience in the U.S. and U.K. and has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Publicly, she has contributed to <a href="https://www.investing.com/">investing.com</a> and the U.K. website of <a href="https://www.fool.com/">The Motley Fool.</a></div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/tap-into-trends-3-thematic-etfs-to-capture-the-markets-pulse/">Tap Into Trends: 3 Thematic ETFs to Capture the Market&#8217;s Pulse</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Tap Into Trends: 3 Thematic ETFs to Capture the Market's Pulse

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
As the S&amp;P 500 races toward new highs, some investors see small-cap value stocks as the best bet for long-term growth amid growing concerns about index-based stock concentration. As mega-caps like Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) disproportionately drive the S&amp;P 500&rsquo;s performance, the index becomes more vulnerable to fluctuations&mdash;a few missteps could significantly impact your entire portfolio.



In contrast, small-cap value stocks offer distinct advantages. They are small and nimble enough to adapt to changing conditions and offer long-term growth potential. Their value-oriented nature helps preserve capital, often providing solid income and dividends alongside steady upward momentum.



These stocks combine these qualities, making them excellent options for diversifying risks away from the few dominant &lsquo;Magnificent 7&rsquo; stocks that could otherwise dictate the fate of your portfolio.



<h2>Apartment Income REIT (AIRC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/reit-1600-300x169.png" alt="REITs to buy Real estate investment trust REIT on an office desk."><div>Source: Vitalii Vodolazskyi / Shutterstock</div></div>Higher interest rates usually suppress the new mortgage market and elevate rent levels in response to inflation, underscoring the robustness of small-cap value stock Apartment Income REIT (NYSE:<a href="https://investorplace.com/stock-quotes/airc-stock-quote/">AIRC</a>) in a high-interest-rate environment.



Over the past decade, Apartment Income has <a href="https://www.sec.gov/Archives/edgar/data/1820877/000095017021002654/airc-20210930.htm">strategically honed</a> its multifamily building portfolio, focusing on high-demand properties in urban areas with strong demographic growth. This approach secured consistently high occupancy rates and regular rent increases. Future demand for Apartment Income properties is likely to be driven by job and income growth, decreasing homeownership rates and the enduring appeal of urban living &mdash; all factors that intensify with rising interest rates.



Apartment Income REIT carefully refined its portfolio and operational strategy, reducing its property holdings from <a href="https://www.reit.com/investing/reit-directory/apartment-income-reit-corp">300 in 2008</a> to 75 today while maintaining a strong presence in key markets. This strategic shift highlights savvy management choices prioritizing quality and operational efficiency in preferred locations over mere expansion. By moving away from lower-growth regions, AIRC has enhanced its growth potential and fortified its resilience against interest rate fluctuations.



Apartment Income offers a 4.6% forward yield and a robust option for diversification among small-cap value stocks, maintaining strength even amid economic uncertainties.



<h2>Cricut (CRCT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/crct_cricut_1600-300x169.png" alt="A photo of someone using a Cricut machine."><div>Source: rblfmr/Shutterstock.com</div></div>Crafty folk and DIY creatives love Cricut (NASDAQ:<a href="https://investorplace.com/stock-quotes/crct-stock-quote/">CRCT</a>), but that doesn&rsquo;t mean the small-cap value stock gets the love it should from investors. Though revenue slid slightly in its most recent <a href="https://investor.cricut.com/news-releases/news-release-details/cricut-inc-reports-first-quarter-2024-financial-results">earnings report</a>, the company still offers investors a <a href="https://www.morningstar.com/stocks/xnas/crct/dividends">1.83% trailing yield</a>. It stands to gain from improving consumer sentiment, particularly as buyers seek stay-at-home activities to save money and maintain household budget management.



Overall sales dropped 8% in 2024 first quarter, though offset slightly by higher paid subscriber rates and higher machine sales &mdash; meaning more people began their Cricut journey over the past few months, and investors can expect a commensurate sales bump moving forward as new users restock and replenish crafting supplies.



If you&rsquo;re interested in buying into Cricut, now is the time. Management announced a special one-time dividend of $0.40 in the earnings report. Shareholders of record as of July 2nd will get the sizable distribution on July 19th, so there&rsquo;s still time to snag a piece of the action.



<h2>Medifast (MED)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/medical-biotech-stocks1600-300x169.png" alt="Healthcare business graph data and growth, Medical examination and doctor analyzing medical report network connection on tablet screen. VANI stock"><div>Source: PopTika / Shutterstock.com</div></div>Medifast (NYSE:<a href="https://investorplace.com/stock-quotes/med-stock-quote/">MED</a>) hasn&rsquo;t yet caught the wider weight loss wave affecting many pharma stocks. However, that doesn&rsquo;t mean there isn&rsquo;t a long-term opportunity for the nutrition and weight loss company to sell products across a range of platforms, including multi-level marketing.



The company&rsquo;s first-quarter <a href="https://ir.medifastinc.com/2024-04-29-Medifast-Announces-First-Quarter-2024-Financial-Results">earnings report</a> included a hefty $0.76 earnings per share. At the same time, its balance sheet boasts a respectable $150 million cash reserve with zero debt (important in today&rsquo;s high-rate environment). Executives are also fighting to differentiate themselves from larger weight loss competitors. 



They are angling for a more comprehensive and holistic approach to customer management, including guided habit development and bespoke coaching. To that end, management told investors to expect that &ldquo;2024 will be a year of investment for future growth.&rdquo; Though that may mean its <a href="https://www.morningstar.com/stocks/xnys/med/dividends">20% dividend yield</a> won&rsquo;t hold, it doesn&rsquo;t detract from the company&rsquo;s long-term upside potential.



<h2>Connexa Sports Technologies (YYAI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/sports-stocks-300x169.jpg" alt="Various sports equipment like a football, soccer ball and volleyball on green grass."><div>Source: Shutterstock</div></div>Connexa Sports Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/yyai-stock-quote/">YYAI</a>) is one of those deep-value stocks that seem to be amid a resurgence despite trading at a bottom-barrel 0.05x sales. Connexa targets specific sports, such as the increasingly popular pickleball in the U.S., padel in Mexico and perennially favored tennis, with a range of unique sports equipment storage products. 



A targeted approach helps Connexa to engage directly with consumers through high-quality advertising campaigns, ensuring product longevity and market growth. These style strategies position Connexa as a promising small-cap value stock, particularly as enthusiasm for outdoor sports increases during the spring and summer months.



In 2023, Connexa <a href="https://www.connexasports.com/wp-content/uploads/2023/11/Connexa-Shareholder_Ltr_Nov28_9am2023.pdf">warred with short sellers</a>, who drove its share price down by over 70%, leading to a reverse stock split. However, the tides shifted for the small-cap value stock after new strategic investors <a href="https://www.connexasports.com/wp-content/uploads/2024/03/Connexa-Shareholder-Ltr-7-March-2024.pdf">came on board</a>, boosting the stock&rsquo;s value by over 260% since January. This remarkable turnaround signals strong momentum for Connexa&rsquo;s future, especially as the summer sports season approaches and more consumers gear up for outdoor activities.



<h2>Garrett Motion (GTX)</h2>



<div><img width="300" height="164" src="https://investorplace.com/wp-content/uploads/2017/03/Nvidia-GTX-1080-price-cuts-amid-price-war-300x164.jpg" alt=""><div>Source: Nvidia</div></div>Garrett Motion (NASDAQ:<a href="https://investorplace.com/stock-quotes/gtx-stock-quote/">GTX</a>) brings major benefits to the small-cap value stock table: it trades at just <a href="https://www.morningstar.com/stocks/xnas/gtx/quote">7x earnings and 0.5x sales</a> while remaining an overlooked player within the green tech and sustainable driving sector. The company manufactures a range of automotive parts that enhance emission reductions and support zero-emission technologies, including alternative fuel engines and turbochargers for gasoline and diesel vehicles.



Though &ldquo;pure&rdquo; EV companies like Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) are currently losing favor due to declining consumer interest, as shown by the surge in hybrid and gasoline vehicle sales, Garrett Motion serves as a bridge for investors seeking long-term sustainability but recognizing that global EV adoption remains a long-term goal.



The recent dip in Garrett Motion&rsquo;s stock followed an <a href="https://investors.garrettmotion.com/news-releases/news-release-details/garrett-motion-reports-first-quarter-2024-financial-results">earnings report</a> that showed a 6% drop in quarterly sales; however, its annual sales were stable, and the company maintained healthy margins and free cash flow. This stock is underappreciated and undervalued as investors chase more conspicuous growth opportunities. Still, as automakers revise their EV planning timelines, expect Garret Motion to become a major small-cap value stock in tomorrow&rsquo;s market.



<h2>Costamare (CMRE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/costamare-cmre-1600-300x169.jpg" alt="Costamare Inc. website zoomed in on the logo"><div>Source: Pavel Kapysh / Shutterstock.com</div></div>Even as challenges in seafaring shipping put competitor transport stocks at risk, containership chartering company Costamare (NYSE:<a href="https://investorplace.com/stock-quotes/cmre-stock-quote/">CMRE</a>) remains a robust and accurate small-cap value stock, <a href="https://www.morningstar.com/stocks/xnys/cmre/quote">trading at just</a> 0.6x book value and 6x earnings. Unfortunately, you&rsquo;ll need a little patience if you plan to wait for the company to return to past strength. Although global freight and charter prices spiked in early 2024, Costamare&rsquo;s status as a non-operating owner means its fleet is more than <a href="https://oilprice.com/Geopolitics/International/Red-Sea-Crisis-Spurs-Surge-in-Container-Ship-Rates.html">87% booked</a> for the remainder of the year, often at less-than-ideal pricing.<a href="https://investorplace.com/stock-quotes/-stock-quote/"></a>



Still, Costamare&rsquo;s management is adeptly adjusting operations, <a href="https://www.tradewindsnews.com/bulkers/costamare-speeds-up-small-bulker-sales-with-exit-of-nine-ships/2-1-1595016">divesting smaller ships</a> while acquiring larger vessels to enhance cost efficiency amid increasingly unpredictable naval transport due to geopolitical tensions.



Honestly, Costamare is an attractive buy at these levels, but investors should brace for a gradual build in upward momentum before the stock truly sets sail. In the meantime, Costamare&rsquo;s healthy <a href="https://www.morningstar.com/stocks/xnys/cmre/dividends">6% total yield</a> &mdash; split between buybacks and distributions &mdash; should satisfy shareholders in the short term.



<h2>Steelcase (SCS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/scs-stock-300x169.jpg" alt='An image of a smartphone displaying the text "Steelcase" in black font on a white screen, with a computer screen showing stock charts and a windows taskbar in the background.'><div>Source: IgorGolovniov / Shutterstock.com</div></div>High-end home office and corporate furniture manufacturer Steelcase (NYSE:<a href="https://investorplace.com/stock-quotes/scs-stock-quote/">SCS</a>) is an under-the-radar small-cap stock that offers stability and upside potential as the company adapts to changing conditions. The company has adeptly navigated the shift towards work-from-home trends post-pandemic and is poised to continue innovating in the face of economic challenges.



Steelcase rapidly regained financial stability following pandemic-related challenges. Its latest <a href="https://equityset.com/company/scs?tag=financials">quarterly earnings report</a> revealed a net income of $30.8 million, more than double the previous year&rsquo;s. Furthermore, the company has maintained steady sales of around $800 million over the past five quarters, showcasing its ability to enhance margins without sacrificing quality.



In response to the continued shift toward remote work, Steelcase aims for 5-7% annual sales growth and a 5% free cash flow margin as a percentage of revenue over the next five years. Additionally, the company has significantly cut its debt to better cope with the higher interest rate environment, thereby boosting liquidity and reducing interest costs. These strategic efforts position Steelcase as a top small-cap value stock today.



On the date of publication, Jeremy Flint held no positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy&rsquo;s work can also be found at <a href="https://jeremyflint.work/">www.jeremyflint.work</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/pocket-sized-powerhouses-7-small-cap-value-stocks-ready-to-roar/">Pocket-Sized Powerhouses: 7 Small-Cap Value Stocks Ready to Roar</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Pocket-Sized Powerhouses: 7 Small-Cap Value Stocks Ready to Roar

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) is best known for its consumer electronic products that develop a cult-like following. In fact, the tech stock is a formidable chipmaker. The <a href="https://www.cnbc.com/2023/12/01/how-apple-makes-its-own-chips-for-iphone-and-mac-edging-out-intel.html">very first in-house chip</a> appeared in the iPhone 4 way back in 2010. Yet today, all Apple computers run on their own processors.



Apple&rsquo;s chips are for its own consumption though. They don&rsquo;t sell them to others. And because it relies upon its own designs, it is no longer beholden to other chipmakers for supply. Now Apple isn&rsquo;t a foundry. It doesn&rsquo;t physically make its own processors. As so many others do, it turns that function over to Taiwan Semiconductor Manufacturing (NYSE:<a href="https://investorplace.com/stock-quotes/tsm-stock-quote/">TSM</a>).



But currently, Apple is looking to expand. A recent report in The Wall Street Journal said the tech giant was developing its own chips that are <a href="https://www.wsj.com/tech/ai/apple-is-developing-ai-chips-for-data-centers-seeking-edge-in-arms-race-0bedd2b2">designed to run artificial intelligence</a> (AI) software in data center servers.



Apple Chips in Data Centers are codenamed ACDC. These processors will target AI inference rather than AI training. The difference between them is with training, the processors develop and refine AI algorithms while inference, take already-trained AI algorithms to use real-world data.



Apple isn&rsquo;t alone. Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) and Meta Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>) are developing custom inference chips to minimize reliance on third-party chipmakers. But with the field growing more crowded which are the best chipmaker stocks to buy? The three companies below easily make the cut.



<h2>Nvidia (NVDA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/stocks-to-buy-nvda1600-300x169.png" alt="Nvidia logo seen on smartphone which is placed on pile of US dollar bills. Concept. Selective focus. Stocks to buy like Nvidia"><div>Source: Ascannio / Shutterstock.com</div></div>There is no question Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) has to top the list. Its graphics processing units (GPU) dominate right now with a <a href="https://investorplace.com/2024/05/hey-nvidia-stock-investors-why-may-22-could-be-a-make-or-break-date-for-nvda/">98% share of the data center market</a>, according to Wells Fargo. Although that is expected to drop to between 94% and 96% as rivals bring their own processors to market, Nvidia will still be the industry leader.



Nvidia&rsquo;s GPUs target the training side of the equation. Its original Tesla and Ampere GPUs were designed to tackle the vast computational challenges AI presented. Its next-generation Hopper GPUs took it to the next level. Those had an ability to deliver sixfold more performance than the Ampere chips. The H100 chips are still seen as the foundational base that other chipmakers aspire to teach AI models. Now the latest iteration is the <a href="https://www.nvidia.com/en-us/data-center/grace-hopper-superchip/">GH200 Grace Hopper Superchip</a> which triples the bandwidth the H100 offered.



But, it is much more expensive, so adoption may not be as quick. For unparalleled power, hyperscalers may choose the GH200. Yet it opens up a wedge for competitors to offer lower cost chips that can more than get the job done. Still, Nvidia remains the premiere AI chipmaker stock to buy.



<h2>Arm Holdings (ARM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/arm1600-3-300x169.png" alt="ARM company logo or ARM Holding plc logo on smartphone hardware. is a British semiconductor and software design company owned by SoftBank group"><div>Source: Poetra.RH / Shutterstock.com</div></div>British chip stock Arm Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/arm-stock-quote/">ARM</a>) is not exactly a chipmaker. Rather it develops a chip architecture and a set of instructions that it licenses to customers. Apple&rsquo;s chips are all ARM processors. The two signed an agreement last year that is <a href="https://www.cnbc.com/2023/09/06/apple-and-arm-sign-deal-for-chip-technology-that-goes-beyond-2040.html">extends through 2040 and beyond</a>.



Apple and Arm&rsquo;s other clients include Qualcomm (NASDAQ:<a href="https://investorplace.com/stock-quotes/qcom-stock-quote/">QCOM</a>) and Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>). These companies pay royalties to Arm Holdings on each unit shipped.&nbsp;



ARM&rsquo;s low power needs have made the chips exceptionally popular with mobile handset manufacturers. Also, it made them in demand for data centers, where <a href="https://investorplace.com/2024/04/3-stocks-most-at-risk-of-ais-alarming-energy-consumption/">energy consumption is increasingly a concern</a>. The large language model chips from Nvidia, Microsoft and Amazon all run on Arm&rsquo;s newest V9 technology. While the primary functions of data centers are performed by GPUs, Arm Holdings chips will run alongside them. So, they will benefit from the growth AI is creating in data center demand.



Indeed, because of Nvidia&rsquo;s data cen<a href="https://investorplace.com/stock-quotes/-stock-quote/"></a>ter dominance, you could see ARM become an integral part of data center architecture. Nvidia&rsquo;s latest, most advanced chip Grace Blackwell Superchip integrates the chipmaker&rsquo;s GPUs with Arm Holding&rsquo;s central processing units (CPUs). ARM Chief Executive Officer (CEO) Rene Haas <a href="https://seekingalpha.com/article/4691023-arm-holdings-plc-arm-q4-2024-earnings-call-transcript">told analysts</a>, &ldquo;I think now with Nvidia&rsquo;s most recent announcement, Grace Blackwell, you are going to see an acceleration of ARM of the data center in these AI applications.&rdquo;



Since Arm Holdings works, well, arm-in-arm with these chipmakers it will be a <a href="https://investorplace.com/2024/04/chinas-chip-crackdown-2-semiconductor-stocks-to-dump-1-primed-to-pop/">top stock to buy</a>.



<h2>Taiwan Semiconductor Manufacturing (TSM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/tsm1600-300x169.png" alt="TSMC Taiwan Semiconductor Manufacturing Company (TSM) logo displayed on mobile phone screen"><div>Source: Piotr Swat / Shutterstock.com</div></div>If Nvidia and other chipmakers are going to benefit from the rise of AI in data centers, then it&rsquo;s clear the manufacturer they turn to to actually make the chips must be included as well. As their business grows, so will Taiwan Semiconductor Manufacturing.



As noted above, Apple isn&rsquo;t making its own chips. TSM makes them. The same is true for Advanced Micro Devices (NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>), Broadcom (NASDAQ:<a href="https://investorplace.com/stock-quotes/avgo-stock-quote/">AVGO</a>) and Qualcomm. TSM is the world&rsquo;s largest chip foundry pureplay. Because of <a href="https://investorplace.com/2024/04/nvidia-who-3-ai-plays-destined-to-outshine-the-industry-giant/">&ldquo;insatiable&rdquo; demand</a> for AI chips, the company forecast sales will grow by low- to mid-20% rates this year with AI accounting for low-teen percentages of revenue.



Supply chain issues and capacity constraints have actually held the chipmaker back over the past few years. However, it is building new factories to meet demand. But a second manufacturing plant in Arizona has been put on hold as rising costs and lack of skilled labor dent progress.



Still, TSM just reported a 60% year-over-year (YOY) surge in April sales that also grew 20% jump from March, indicating business is still strong. That makes Taiwan Semiconductor Manufacturing one of the best chipmaker stocks to buy.



On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/now-even-apple-wants-to-make-data-center-chips-which-are-the-3-best-chipmaker-stocks-to-buy/">Now Even Apple Wants to Make Data Center Chips! Which Are the 3 Best Chipmaker Stocks to Buy?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Now Even Apple Wants to Make Data Center Chips! Which Are the 3 Best Chipmaker Stocks to Buy?

Fair trading early in Monday's session. All directions, up down, and sideways were met with equal enthusiasm. I've updated the labeling after today's price action and discussed one possibility for a quick "downdraft" created by either PPI or CPI.

Nasdaq 100 & S&P 500 Elliott Wave Update - Mon, May 13

Self-directed investors are about to get a look behind the curtain with access to information from the largest fund managers as they report their a...

Mid-May's 13-F Filings Offer Key Insights for Investors

AIRC

AVGO

CHWY

CMRE

COHR

CRCT

FRPT

GEHC

IDXX

IONQ

LAES

MKSI

PAWZ

PSNY

QTUM

SOCNF

SOLV

SOUN

VLTO

VRBCF

YYAI

Opinion

Press Releases

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AISP

AVAI

BYTS

CSE:SCPE

QBTS

RENB

RGTI

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