最新ニュース iShares Core S&P 500 ETF (ARCA:IVV)

iShares Core S&P 500 ETF

Technology

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The Fund seeks to track the investment results of the S&P 500; the Underlying Index, which measures the performance of the large-capitalization sector of the U.S. equity market, as determined by S&P Dow Jones Indices LLC; the Index Provider or SPDJI.

Apple Inc

Microsoft Corp

Nvidia Corp.

Amazon.Com Inc

Meta Platforms Inc

Alphabet Inc.Class A

Alphabet Inc Cl C

Berkshire Hathaway, Inc.

Broadcom Inc Common

Eli Lilly & Co.

BlackRock ETF Trust II iShares Large Cap Deep Buffer ETF

Invivyd Inc

IVIVI TECHNOLOGIES INC by IVIVI Technologies, Inc.

Ivivi Technologies Inc

BlackRock ETF Trust II iShares Large Cap Moderate Buffer ETF

iShares Trust iShares S&P 500 BuyWrite ETF

Vanguard has surpassed BlackRock as the manager of the world&#8217;s second-largest ETF. 
What Happened: Vanguard&#8217;s S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) has edged past BlackRock&#8217;s iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) in terms of assets. As of last Friday, VOO held $540.76 billion, slightly exceeding IVV&#8217;s $540.66 billion, based on Morningstar data. This marks a notable change, as VOO was $58 billion behind IVV at the start of 2022, Financial Times<a href="https://www.ft.com/content/3067c4ce-8d0e-4307-8b1a-a7edd21639ff?ref=biztoc.com"> reported</a> on Tuesday.
VOO is now trailing the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) by $50 billion, which remains the largest ETF globally. Analysts, including Bryan Armour from Morningstar, predict that VOO could surpass SPY by 2025 or 2026 if its current growth continues.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41734072/bitcoin-ethereum-slip-while-dogecoin-surges-ahead-of-presidential-election-analyst-predict?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum Slip While Dogecoin Surges Ahead Of Presidential Election; Analyst Predicts BTC Will Hi</a>
Vanguard&#8217;s broader S&amp;P 500 vehicle holds $1.28 trillion in assets, ranking as the second-largest investment fund globally. Meanwhile, the net assets held by BlackRock&#8217;s IVV ETF is $540.10 Billion. 
As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, as of Monday, the net asset value (NAV) of year-to-date (YTD) returns of VOO has risen 21.10%. On the other hand, the NAV of YTD returns of IVV has been higher by&nbsp;21.43%. 
Both Vanguard and BlackRock&#8217;s ETFs charge an annual fee of 3 basis points, attracting retail investors. The ETF market has seen substantial growth, with assets exceeding $10 trillion in the U.S., nearly doubling over four years, according to ETFGI.
Why It Matters: The rise of Vanguard&#8217;s VOO reflects a broader trend of investors gravitating towards lower-cost ETFs. In May, a significant shift among major ETFs, with<a href="https://www.benzinga.com/markets/equities/24/05/38738050/investors-flock-to-lower-cost-vanguard-s-p-500-etf-is-it-time-to-switch-from-spy-to-voo"> SPY experiencing outflows</a> while VOO attracted new investments. This trend indicates a growing preference for cost-effective investment options among investors.
Additionally, in September, Vanguard&#8217;s ETFs<a href="https://www.benzinga.com/top-stories/24/09/41033617/voo-vs-vti-vanguards-s-p-500-total-stock-market-etfs-hit-new-highs-as-s-p-500-reaches-record-level"> reached new highs</a> as the S&amp;P 500 Index hit record levels, further solidifying Vanguard&#8217;s position in the market.
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41704760/bitcoin-ethereum-dogecoin-reverse-as-trumps-odds-fall-on-betting-markets-trader-says-bull-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Reverse As Trump&#8217;s Odds Fall On Betting Markets: Trader Says &#8216;Bull Run Will Begin&#8217; For This Crypto After The Election</a></li>
</ul>
Photo via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

News

Markets

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General

Vanguard Dethrones BlackRock As Second Largest ETF Manager: Here's How Their Funds With Exposure To S&P 500 Fared This Year

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock is trading lower Wednesday after Nvidia chief Jensen Huang acknowledged to Reuters that Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) assisted in resolving a design flaw in its latest Blackwell AI chips.
Nvidia discovered the glitch after showcasing the chips in March, which led to production delays, affecting hyperscalar customers like like Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
Huang took complete responsibility for the fault, which resulted in low yield.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41436282/nvidia-joins-big-tech-hyperscalers-at-hlth-conference-partners-with-microsoft-to-drive-ai-innova" rel="noreferrer noopener">Nvidia Joins Big Tech Hyperscalers At HLTH Conference, Partners With Microsoft To Drive AI Innovations</a>
Nvidia plans to ship the Blackwell chips in the fourth quarter after initially targeting the second quarter.
<a target="_blank" href="https://www.benzinga.com/news/24/10/41405124/whats-going-on-with-nvidia-stock-on-friday" rel="noreferrer noopener">Last week&#8217;s report</a> indicated that Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Amazon Web Services&#8217; data center plans were delayed due to a production issue with Nvidia&#8217;s Blackwell chips and will not be available before 2025.
Amazon inked a five-year partnership with AI and data startup Databricks to provide businesses with more affordable AI development tools. The collaboration leverages Amazon&#8217;s Trainium AI chips, a lower-cost alternative to Nvidia&#8217;s GPUs.
Meanwhile, Nvidia continued <a target="_blank" href="https://www.benzinga.com/government/24/10/41462536/nvidia-accelerates-global-growth-eyes-ai-chip-development-in-india-and-expansion-in-thailand" rel="noreferrer noopener">expanding its geographical footprint</a>, co-developing a custom AI chip with India and eye&nbsp;investments in Thailand.
Analysts remained upbeat on Nvidia&#8217;s prospects despite reports indicating a delay in Blackwell chip production.
Beth Kindig of&nbsp;I/O Fund&nbsp;expects&nbsp;Blackwell chips to be pivotal in helping Nvidia reach a <a target="_blank" href="https://www.benzinga.com/news/24/10/41405124/whats-going-on-with-nvidia-stock-on-friday" rel="noreferrer noopener">$10 trillion valuation</a> by 2025. KeyBanc&#8217;s John Vinh projects the chips to generate over $7 billion in revenues in the fourth quarter.
CNBC&#8217;s&nbsp;Jim Cramer <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41449264/nvidia-own-it-dont-trade-it-jim-cramer-questions-short-sellers-as-stock-hits-new-hi" rel="noreferrer noopener">and Wedbush&#8217;s Dan Ives remained upbeat on</a> the chip designer&#8217;s prospects.
Nvidia stock gained 224% in the last 12 months. Investors can gain exposure to the stock through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: NVDA stock is down 2.69% at $139.82 at the last check on Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/top-stories/24/10/41428765/microsoft-salesforce-battle-heats-up-as-ai-agent-technology-takes-center-stage" target="_blank" rel="noreferrer noopener">Microsoft, Salesforce Battle Heats Up As AI Agent Technology Takes Center Stage</a></li>
</ul>
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NVDA

What's Going On With Nvidia Stock On Wednesday?

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;stock is firing on all cylinders thanks to the artificial intelligence wave. Beth Kindig of&nbsp;I/O Fund&nbsp;projects Nvidia to reach a&nbsp;$10 trillion <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41436282/nvidia-joins-big-tech-hyperscalers-at-hlth-conference-partners-with-microsoft-to-drive-ai-innova" rel="noreferrer noopener">valuation&nbsp;by 2025</a>.
The company continues expanding its geographical footprint, the latest being India and Thailand, which wish to develop their domestic semiconductor supply chains.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41434069/gitlab-sees-surge-in-ultimate-adoption-and-enterprise-demand-analyst-upgrades-stock" rel="noreferrer noopener">GitLab Sees Surge in &#8216;Ultimate&#8217; Adoption and Enterprise Demand, Analyst Upgrades Stock</a>
The U.S. chip designer has proposed collaborating with India to co-develop a custom AI chip, leveraging the country&#8217;s strong chip design talent.
The discussions began during a meeting between Nvidia chief Jensen Huang and Prime Minister Narendra Modi earlier this year.
FirstPost <a target="_blank" href="https://www.firstpost.com/tech/nvidia-plans-to-develop-india-specific-ai-chip-leverage-the-countrys-massive-chip-designing-base-13827892.html" rel="noreferrer noopener">reports</a> that the collaboration, which is still in the early stages, seeks to design a chip tailored to specific use cases in India.
Officials are assessing costs, benefits, and potential applications with sectors such as the Indian Railways&#8217; safety system, Kavach.
The custom AI chip could also support Indian startups, businesses, and public sector initiatives as part of the government&#8217;s AI mission.
Nvidia&#8217;s partnership with India could involve multiple players, with design partners like Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) or Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) handling core architecture.
At the same time, Indian entities such as the Centre for Development of Advanced Computing (C-DAC) would customize the final layers for local applications.
Huang sees India as a crucial partner in the AI sector, emphasizing the importance of adding value to domestic resources rather than exporting raw data.
Nvidia also eyes investments in Thailand taking a cue from Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)&nbsp;&nbsp;Google and Microsoft Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) move as Southeast Asia becomes a hub for AI data centers and component manufacturing, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-10-22/nvidia-is-planning-to-invest-in-thailand-minister-pichai-says?srnd=phx-technology&amp;sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
Thailand&#8217;s Commerce Minister Pichai Naripthaphan confirmed the upcoming announcement during Huang&#8217;s visit to Bangkok in December. Pichai expects Nvidia&#8217;s involvement to attract further funding from related industries.
Thailand has recently attracted multibillion-dollar investments from tech giants like Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Google, and Microsoft for data centers and cloud infrastructure.
Nvidia stock is up over 233% in the last 12 months. Investors can gain exposure to the stock through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: NVDA stock is down 0.21% at $143.41 at last check Tuesday.
Also Read:
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</ul>
Photo via Shutterstock

Government

Emerging Markets

Nvidia Accelerates Global Growth, Eyes AI Chip Development in India and Expansion in Thailand

Top economist David Rosenberg, known for predicting the 2008 market crash and recession, is sounding the alarm about a <a href="https://www.benzinga.com/markets/equities/24/07/39743338/s-p-500-to-plunge-more-than-20-near-term-top-economist-breaks-down-broader-market-vs-small-cap-d">potential stock market crash</a>.
Mega-Bubble: In recent notes to Rosenberg Research clients, the market bear warned that the current market is in a &#8220;mega-bubble&#8221; and cautioned investors against chasing momentum.&nbsp;
&#8220;When this mega-bubble pops, it will be spectacular,&#8221; Rosenberg wrote on Oct. 18. &#8220;This is no time to chase momentum or the herd mentality.&#8221;
Warning Signs: Rosenberg cited high valuations, investor positioning and sentiment as warning signs. The most recent <a href="https://archive.ph/o/5xPqB/https://www.aaii.com/latest/article/239694-aaii-sentiment-survey-pessimism-spikes">AAII Sentiment Survey</a>, which tracks investor sentiment, shows 45.5% of its respondents characterized themselves as bullish, above its historical average of 37.5% for the 49th time in 50 weeks.&nbsp;&nbsp;
&#8220;This is the mother of all momentum-driven stock markets,&#8221; he wrote in an October 9 note.
Read Next: <a href="https://www.benzinga.com/news/24/10/41415824/lucid-ceo-peter-rawlinson-talks-saudi-investment-elon-musks-political-views-and-taking-business-from">Lucid CEO Peter Rawlinson Talks Saudi Investment, Elon Musk&#8217;s Political Views And Taking Business From Tesla</a>
Rosenberg warned the S&amp;P 500 is at least 25% higher than fundamentals suggest it should be with stock prices outpacing earnings growth and analyst EPS revisions trending to the downside.&nbsp;
The economist is bearish on the economy as well as the markets and anticipates a recession on the horizon. Rosenberg pointed to emerging signs of economic weakness, including a rise in unemployment and decreased job openings.&nbsp;
Rosenberg's warnings come at a time when the S&amp;P 500 has seen significant gains, up 23% year-to-date following gains of 22% in 2023. Investors can track the S&amp;P 500 through <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41407647/spy-reaches-600-billion-in-assets-oldest-us-etf-hits-milestone-as-all-time-highs-conti">funds that track</a> the index's movements, including the SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), known as the "Spy," and the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>). 
Rosenberg cautioned investors against chasing the "overvalued" market and advised clients to preserve capital.&nbsp;
&#8220;J.P. Morgan reportedly once commented that he got wealthy not by buying at the lows and selling at the highs, but rather by being involved in the middle 60% of the bull market. We are well past that point,&#8221;&nbsp; Rosenberg wrote.&nbsp;
Read Also:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41406621/microsoft-ai-revenue-could-eclipse-10b-in-2025-piper-sandler-says">Microsoft AI Revenue &#8216;Could Eclipse&#8217; $10B In 2025, Bullish Analyst Says</a></li>
</ul>
Image: Shutterstock

Market 'Mega-Bubble' Set To Pop, Says Top Economist Who Called 2008 Crash

The first U.S.-based exchange-traded fund hit a major milestone on Thursday, following recent all-time highs for the <a href="https://www.benzinga.com/news/earnings/24/10/41293799/s-p-500-dow-jones-hit-new-record-highs-as-financial-stocks-soar-on-upbeat-earnings">fund tracking the S&amp;P 500.</a>
What Happened: Launched <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/01/36722143/happy-birthday-s-p-500-spy-etf-if-you-invested-1-000-in-spy-at-launch-heres-how-much-y">in January 1993,</a> the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) is the oldest U.S.-based ETF and the largest by assets under management.
The ETF reached the $600 billion assets under management milestone Thursday, according to data from <a href="https://etfdb.com/etf/SPY/#etf-ticker-profile">ETFDB</a>.
Managed by State Street Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>), the ETF was launched with seed funding of $6.5 million after being approved by the U.S. Securities and Exchange Commission in 1993, after several years of the fund's application.
Initial interest in the ETF was poor and the fund was almost closed before investors came around to the idea of using ETFs as investment vehicles.
The success of the SPY ETF led to other financial institutions launching similar ETFs that track the S&amp;P 500 Index, one of the largest and most well-known stock market indexes.
The&nbsp;iShares Core S&amp;P 500 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>)&nbsp;and&nbsp;Vanguard S&amp;P 500 Index Fund ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>)&nbsp;launched in 2000 and 2010, respectively.
Today, the three ETFs that track the S&amp;P 500 are the largest in the world, according to <a href="https://etfdb.com/compare/market-cap/" target="_blank" rel="noreferrer noopener">ETFDB, </a>with the following assets under management:
<ul>
<li>SPY: $600 billion</li>
<li>IVV: $544.5 billion</li>
<li>VOO: $544.1 billion</li>
</ul>
Based on the metrics above, SPY's time as the only ETF with $600 billion in assets under management may be short-lived, with the two other large S&amp;P 500 ETFs closely behind. Back in January when the SPY celebrated its 31st anniversary, the assets under management were:
<ul>
<li>SPY:&nbsp;$474 million</li>
<li>IVV: $405 million</li>
<li>VOO: $377 million</li>
</ul>
The difference from January to October shows the strong volume inflows the S&amp;P 500 ETFs are seeing.
Why It's Important: The S&amp;P 500 has set several all-time highs in recent months and the SPY is currently up 23.6% year-to-date in 2024. This year's gain builds on a strong 2023 when the S&amp;P 500 surged over 20%.
Over the last five years, the SPY has averaged a gain of 13.2%. Since its inception, the SPY has averaged an annual return of 10.4%.
One factor that might attract inflows to S&amp;P 500 ETFs in 2024 is that it is a presidential election year.
According to <a href="https://twitter.com/Barchart/status/1739792910667645204?s=20">Barchart</a>, the S&amp;P 500 has posted gains in 13 of the last <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/23/12/36416440/why-buy-stocks-in-a-presidential-election-year-history-has-a-crazy-stat-for-you">15 presidential election years</a>. The only two presidential election years in the previous 60-plus years that saw the S&amp;P 500 down were the global financial crisis and the dot-com bubble.
The average return of the S&amp;P 500 in the presidential election years is 10.5%. Stripping out the global financial crisis and the dot-com bubble, the S&amp;P 500 gained an average of 15.3%. The average gain in presidential election years is higher than the historical average since the SPY&#8217;s inception, with or without the financial crisis and the dot-com bubble stripped out.
Strong net inflows for the SPY ETF have helped State Street in recent months. According to a Morningstar <a href="https://www.etf.com/sites/default/files/2024-10/September_2024_US_Fund_Flows_Chartbook.pdf">report</a>, for the month of September, State Street led the way with $18.4 billion in net flows. The SPY ETF had net inflows of $16 billion in September. State Street topped Vanguard ($17.3 billion) and iShares ($9.9 billion) for September net inflows for ETF companies.
SPY Price Action: The SPY is trading at $584.08 at the time of writing, compared to a 52-week trading range of $409.22 to $586.12.
Read Next: 
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<li><a href="https://www.benzinga.com/general/education/24/10/41191050/s-p-500-to-end-year-over-6-000-34-of-benzinga-readers-predict-raging-bull-run">S&amp;P 500 To End Year Over 6,000? 34% Of Benzinga Readers Predict &#8216;Raging Bull Run&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Broad U.S. Equity ETFs

SPY Reaches $600 Billion In Assets: Oldest US ETF Hits Milestone As All-Time Highs Continue

Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) postponed <a href="https://www.benzinga.com/trading-ideas/technicals/24/09/40989221/stock-of-the-day-why-qualcomm-stock-remains-stuck-in-a-range-as-speculation-of-intel-tak">its strategic offer</a> for Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) until after the November presidential election. Additionally, the Cybersecurity Association of China (CSAC) decided to probe Intel&#8217;s products sold in China, citing a national security threat weighing on the U.S. chipmaker&#8217;s stock price Wednesday.
Qualcomm gained time to enhance transparency in its leadership, a key factor in the ongoing antitrust regulations and geopolitical dynamics with China, according to sources <a href="https://www.bloomberg.com/news/articles/2024-10-15/qualcomm-said-to-wait-for-us-election-to-decide-intel-move?srnd=homepage-Americas&amp;sref=TBDibEcD">cited</a> by Bloomberg.
Also Read: <a href="https://www.benzinga.com/news/24/10/41337034/amazon-strikes-at-nvidias-stronghold-through-databricks-deal-cutting-ai-costs-by-40" target="_blank" rel="noreferrer noopener">Amazon Strikes at Nvidia&#8217;s Stronghold Through Databricks Deal, Cutting AI Costs by 40%</a>
Qualcomm agreed to defer its plans till the new U.S. president took charge in January.
Qualcomm and Intel&#8217;s combination will likely draw antitrust scrutiny, considering their influence in the digital framework supporting everyday life, including smartphones and electric vehicles. China is also a key market for both Qualcomm and Intel.
In September, Qualcomm made a preliminary approach to Intel on a possible takeover.
Benchmark analyst Cody Acree considered the Qualcomm-Intel deal unlikely, citing a <a href="https://www.benzinga.com/m-a/24/09/40983591/qualcomm-takeover-of-intel-is-logically-unlikely-in-face-of-regulatory-challenges-analyst-says" target="_blank" rel="noreferrer noopener">substantial financial burden</a> and regulatory scrutiny for Qualcomm.
Many such attempted deals, including Qualcomm-NXP Semiconductors NV and Nvidia Corp&#8211;Arm Holdings plc, succumbed to global regulatory opposition.
Meanwhile, CSAC&#8217;s scrutiny of Intel could prompt a security review from China&#8217;s cyberspace regulator, the Cyberspace Administration of China (CAC), Reuters reports. China&#8217;s move marks its retaliation against U.S. artificial intelligence technology sanctions that have restricted China&#8217;s access to sophisticated AI chips from companies like Nvidia, citing national security risks.
KeyBanc analyst John Vinh flagged Intel&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41235547/nvidia-amd-lead-the-pack-broadcom-stable-intel-falters-analysts-latest-take" target="_blank" rel="noreferrer noopener">server market share</a> loss to Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>). He also flagged the lack of a cheaper AI CPU targeted at mass-market AI PCs and the ramp of Nvidia&#8217;s Blackwell as further headwinds for Intel.
Intel stock plunged over 38% in the last 12 months as it failed to capitalize on the <a target="_blank" href="https://www.benzinga.com/m-a/24/09/41069587/whats-going-on-with-intel-stock-on-friday" rel="noreferrer noopener">shift to artificial intelligence</a>.
Conversely, Intel bagged a chipmaking deal from Amazon Web services. Intel is also a key contender for the Biden government&#8217;s chip subsidy, rendering the political support critical for Intel.
Investors can gain exposure to Intel through iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) and Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>).
Price Action: INTC stock is down 3.3% at $21.90 at last check Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/news/24/10/41319208/taiwan-semiconductor-eyes-23b-in-q3-revenue-as-ai-demand-soars" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Eyes $23B in Q3 Revenue as AI Demand Soars</a></li>
</ul>
Photo: Shutterstock

Regulations

INTC

QCOM

What's Going On With Intel Stock Wednesday?

A government-backed think tank in China has recommended that the country&#8217;s data centers continue using high-performance chips from Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), warning of the significant expenses involved in transitioning to domestic alternatives.
The report flagged the transition from Nvidia&#8217;s GPUs to domestic solutions as challenging due to differences in hardware and software that increase costs and complexity.
Nvidia, which has maintained that the U.S. semiconductor embargo has had no impact, is trading higher on Monday.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41227135/next-gen-nvidia-gpus-could-be-revealed-at-ces-2025-what-you-need-to-know" rel="noreferrer noopener">Next-Gen Nvidia GPUs Could Be Revealed at CES 2025 &#8211; What You Need to Know</a>
The China Academy of Information and Communications Technology (CAICT) noted that Nvidia&#8217;s A100 and H100 chips are still the preferred option for centers requiring substantial computing power, SCMP <a target="_blank" href="https://www.scmp.com/tech/tech-trends/article/3282279/chinese-think-tank-recommends-nvidia-chips-data-centres-warning-high-transfer-costs?module=perpetual_scroll_0&amp;pgtype=article" rel="noreferrer noopener">reports</a>.
The U.S. semiconductor sanctions prompted Nvidia to develop specially tailored A800, H800, and H20 chips. China is a <a target="_blank" href="https://www.benzinga.com/government/24/10/41204521/nvidias-gpu-sales-at-risk-as-china-pushes-local-ai-chips-in-retaliation" rel="noreferrer noopener">key semiconductor market</a> for Nvidia, and in 2024, 1 million H20 GPUs in China could generate $12 billion in sales.&nbsp;
China&#8217;s GPU-based computing power, especially for AI development, has been growing by 70% year-over-year. However, CAICT&#8217;s latest report said many data centers are underutilized due to mismatches between supply and demand and a lack of standardized hardware across different centers.
KeyBanc&nbsp;analyst John Vinh flagged Nvidia <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41235547/nvidia-amd-lead-the-pack-broadcom-stable-intel-falters-analysts-latest-take" rel="noreferrer noopener">as the favorite</a>, backed by Blackwell, which could potentially contribute over $7 billion in revenues in the fourth quarter. Strong Hopper demand could translate into ~15% sequential revenue growth in the fourth quarter, according to the analyst.
Nvidia chief Jensen Huang <a target="_blank" href="https://www.benzinga.com/news/24/10/41183612/nvidias-top-brass-unloaded-significant-stock-in-2024-amid-ai-spending-and-chip-delays" rel="noreferrer noopener">recently acknowledged tremendous</a> demand&nbsp;for Nvidia&#8217;s Blackwell&nbsp;GPU, whose production is going as planned.
Nvidia stock has gained over 200% in the last 12 months. Investors can gain exposure to the stock through the SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: NVDA stock is up 2.80% at $138.61 at the last check on Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41230411/short-seller-hindenburg-issues-report-on-roblox-accuses-company-of-misleading-metrics" target="_blank" rel="noreferrer noopener">Hindenburg Hits Roblox With Short Report, Accuses Gaming Platform of Misleading Investors By Inflating Metrics</a></li>
</ul>
Image via Shutterstock

What's Going On With Nvidia Stock On Monday?

Throughout 2024, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) insiders have been actively selling shares, tallying transactions over $1.8 billion, with expectations of more to come, <a href="https://www.bloomberg.com/news/articles/2024-10-03/nvidia-insider-share-sales-top-1-8-billion-and-more-are-coming?sref=TBDibEcD" target="_blank" rel="noreferrer noopener">Bloomberg</a> reports.
The most notable of these insiders, CEO Jensen Huang, executed sales of approximately $713 million through a predetermined trading arrangement known as a 10b5-1 plan. Director&nbsp;Mark Stevens'&nbsp;trust has&nbsp;filed&nbsp;to sell 3 million additional shares in addition to the 1.6 million it sold in 2024.
This massive wave of stock sales occurs amid market anxieties surrounding Nvidia's delayed Blackwell chips and ongoing investments in AI technology.
Despite these concerns, insiders maintain a robust holding, illustrating a potentially strategic timing rather than a loss of confidence. Still, Nvidia stock is up 179% in the last 12 months, and its outstanding shares stand at 23.5 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41169322/amazons-profitable-essential-merchandise-efficiency-gains-set-to-drive-growth-analyst" rel="noreferrer noopener">Amazon's Profitable Essential Merchandise, Efficiency Gains Set To Drive Growth: Analyst</a>
Recently, Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chief Jensen Huang dispelled Wall Street concerns by <a target="_blank" href="https://www.benzinga.com/news/24/10/41168777/whats-going-on-with-nvidia-stock-on-thursday" rel="noreferrer noopener">acknowledging massive demand</a> for Nvidia's Blackwell&nbsp;GPU, whose production and progress are going as planned.
Meanwhile, Nvidia is applying spatial AI in autonomous driving and warehouse automation, using robots to simulate real-world scenarios.
Nvidia's <a target="_blank" href="https://www.benzinga.com/news/24/10/41139084/nvidia-expands-ai-offerings-with-new-open-source-models-and-unreal-engine-5-plugins" rel="noreferrer noopener">recent launches include</a> open-source AI models and new Unreal Engine 5 plugins enabling AI-powered MetaHuman characters, catering to AI-driven gaming.
Wedbush analyst Dan Ives projected <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41151741/nvidias-ai-leadership-to-drive-1-trillion-market-growth-with-accenture-partnership-" rel="noreferrer noopener">Nvidia as a beneficiary</a> of the trillion-dollar AI spending by the U.S. hyperscalars.
Investors can gain exposure to Nvidia through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
<h2 class="wp-block-heading">Nvidia Stock Prediction For 2024</h2>
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at NVIDIA, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For NVIDIA, the 200-day moving average sits at $95.76, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is below the current price of $122.85. For more on charts and trend lines, <a href="https://pro.benzinga.com/">see a description here.</a>
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
Price Action:&nbsp;NVDA stock is up 0.39% at $123.33 premarket at the last check Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/10/41140484/taiwan-semiconductor-has-soared-96-but-geopolitical-risks-persist" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Has Soared 96% But Geopolitical Risks Persist</a></li>
</ul>
Image via Shutterstock

Nvidia's Top Brass Unloaded Significant Stock In 2024 Amid AI Spending and Chip Delays

The U.S. exchange-traded fund (ETF) market has reached a monumental milestone, surpassing <a href="https://www.benzinga.com/quote/SPY/news">$10 trillion in assets</a>. 
This surge was fueled by a remarkable $691 billion in inflows this year alone, as <a href="https://www.bloomberg.com/news/articles/2024-09-27/wall-street-s-etf-assets-hit-10-trillion-milestone-amid-frenzy?srnd=phx-latest&amp;sref=TBDibEcD&amp;leadSource=uverify%20wall">reported</a> by Bloomberg. 
This impressive surge has set the stage for a record-breaking year, with ETF flows on track to shatter the previous record of $900 billion in inflows.
<h1 class="wp-block-heading">VOO, VGT Outshine SPY In Fund Flows</h1>
According to ETF.com <a href="https://www.etf.com/etfanalytics/etf-fund-flows-tool">data</a>, as of the end of Aug.2024, the market saw a robust performance, with a total of $71 billion pouring into ETFs during the month. Leading the charge were heavyweights such as the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) and the Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>), while the SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) experienced notable outflows.
As investors diversify their portfolios, it's clear that ETFs are becoming the go-to investment vehicle.
<h1 class="wp-block-heading">VOO, IVV, VTI Lead YTD Gains</h1>
Among the top gainers for the year were the S&amp;P 500 index-tracking Vanguard S&amp;P 500 ETF and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>). The Vanguard S&amp;P 500 ETF has made a significant mark, attracting over $60.5 billion in net flows and boasting an impressive $503 billion in assets under management (AUM). This translates to 12.04% of its AUM, a testament to the confidence investors have in the S&amp;P 500's performance.
Following closely is the iShares Core S&amp;P 500 ETF, raking in about $43.4 billion in net flows, while the Vanguard Total Stock Market Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>) pulled in a respectable $21 billion.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41096120/if-you-invested-1-000-in-bitcoin-when-donald-trump-said-he-wasnt-a-fan-heres-how-much-youd">If You Invested $1,000 In Bitcoin When Donald Trump Said He Wasn&#8217;t A Fan, Here&#8217;s How Much You&#8217;d Have Today</a>
<h1 class="wp-block-heading">Tech-Focused QQQ, Bitcoin ETF Not Far Behind</h1>
The tech sector hasn't been left behind either, with Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gathering nearly $20.9 billion this year, showcasing a vibrant interest in technology stocks.
The cryptocurrency space is also making waves, as seen in the remarkable inflows into iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>), which attracted around $20.9 billion, capturing an astonishing 98.63% of its AUM.
With these trends, it&#8217;s clear that ETFs continue to be a major player in the investment landscape, providing investors with diverse options and strategic exposure to various sectors. 
As the market evolves, one thing is certain: the ETF party is just getting started!
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/09/41033617/voo-vs-vti-vanguards-s-p-500-total-stock-market-etfs-hit-new-highs-as-s-p-500-reaches-record-level">VOO Vs. VTI: Vanguard&#8217;s S&amp;P 500, Total Stock Market ETFs Hit New Highs As S&amp;P 500 Reaches Record Level</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Sector ETFs

Trading Ideas

IBIT

S&P 500 ETF Titans Drive $691B In 2024 Inflows: Nasdaq, Bitcoin ETFs Close Behind

Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Chair and Chief Satya Nadella reaffirmed the company&#8217;s commitment to Mexico during his keynote at the <a target="_blank" href="https://news.microsoft.com/es-xl/microsoft-announces-1-3-billion-usd-investment-in-cloud-and-ai-infrastructure-supporting-inclusive-growth-through-technology-and-skilling-programs-in-mexico/" rel="noreferrer noopener">Microsoft AI Tour 2024</a>.
Nadella announced a fresh investment of $1.3 billion over the next three years to drive AI infrastructure and initiatives aimed at digital marketing and AI skills. This initiative seeks to democratize access to AI skills and reach 5 million people.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41012804/salesforces-free-cash-flow-could-double-by-2029-amid-ai-push-analyst-says-while-upgrading-stock" rel="noreferrer noopener">Salesforce&#8217;s Free Cash Flow Could Double by 2029 Amid AI Push, Analyst Says While Upgrading Stock</a>
The investment will also work on improving connectivity and encouraging AI adoption by small and medium-sized businesses.
Recently, DA Davidson analyst Gil Luria <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40986921/microsofts-ai-lead-shrinks-analyst-downgrades-stock-as-amazon-and-google-close-the-" rel="noreferrer noopener">downgraded the rating</a> on&nbsp;Microsoft to Neutral from Buy as it lost its premium valuation to the AI competition.
Microsoft&#8217;s lead is now diminished in both the cloud and code generation businesses versus &nbsp;Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web Service, and&nbsp;Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Cloud.
The AI ambitions of hyperscalers, including Microsoft, Amazon, Alphabet, and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), have been instrumental in driving the AI frenzy, leading to higher demand for Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) AI chips.
Microsoft&nbsp;stock is up over 35% in the last 12 months. Investors can gain exposure to Microsoft through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: MSFT stock is trading higher by 0.08% to $429.52 premarket at the last check on Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/news/24/09/41008834/ansys-taiwan-semiconductor-microsoft-team-up-to-supercharge-next-gen-chip-simulations" target="_blank" rel="noreferrer noopener">ANSYS, Taiwan Semiconductor, Microsoft Team Up To Supercharge Next-Gen Chip Simulations</a></li>
</ul>
Photo courtesy: Shutterstock

Microsoft Invests $1.3B to Boost AI Skills and Infrastructure in Mexico

Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the Invesco Russell 1000 Equal Weight ETF (ARCA:EQAL) is a passively managed exchange traded fund launched on 12/23/2014.
The fund is sponsored by Invesco. It has amassed assets over $609.44 million, making it one of the average sized ETFs attempting to match the Large Cap Blend segment of the US equity market.
<h2>Why Large Cap Blend</h2>
Large cap companies usually have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies.
Blend ETFs are aptly named, since they tend to hold a mix of growth and value stocks, as well as show characteristics of both kinds of equities.
<h2>Costs</h2>
When considering an ETF&#39;s total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.20%, putting it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 1.67%.
<h2>Sector Exposure and Top Holdings</h2>
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund&#39;s holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Information Technology sector--about 12.20% of the portfolio. Financials and Real Estate round out the top three.
Looking at individual holdings, Charter Communications Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chtr#NASDAQ">CHTR</a>) accounts for about 0.69% of total assets, followed by Liberty Broadband Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lbrdk#NASDAQ">LBRDK</a>) and Ubiquiti Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ui#NYSE">UI</a>).
The top 10 holdings account for about 6.03% of total assets under management.
<h2>Performance and Risk</h2>
EQAL seeks to match the performance of the Russell 1000 Equal Weight Index before fees and expenses. The Russell 1000 Equal Weight Index is composed of securities in the Russell 1000 Index and is equally weighted across nine sector groups with each security within the sector receiving equal weight.
The ETF has added about 9.20% so far this year and it&#39;s up approximately 16.71% in the last one year (as of 09/17/2024). In the past 52-week period, it has traded between $37.43 and $47.80.
The ETF has a beta of 1.10 and standard deviation of 18.24% for the trailing three-year period, making it a medium risk choice in the space. With about 997 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
Invesco Russell 1000 Equal Weight ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, EQAL is a reasonable option for those seeking exposure to the Style Box - Large Cap Blend area of the market. Investors might also want to consider some other ETF options in the space.
The iShares Core S&amp;P 500 ETF (ARCA:IVV) and the SPDR S&amp;P 500 ETF track a similar index. While iShares Core S&amp;P 500 ETF has $521.05 billion in assets, SPDR S&amp;P 500 ETF has $555.26 billion. IVV has an expense ratio of 0.03% and SPY charges 0.09%.
<h2>Bottom-Line</h2>
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
<a href="https://www.zacks.com/stock/news/2336917/should-invesco-russell-1000-equal-weight-etf-eqal-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2336917">To read this article on Zacks.com click here.</a>

Large Cap

Mid Cap

Dividends

Analyst Ratings

CHTR

EQAL

LBRDK

Should Invesco Russell 1000 Equal Weight ETF Be on Your Investing Radar?

Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;rally disproportionately influences the S&amp;P 500 index, reflecting concerns over the domino effect due to the integrated semiconductor ecosystem.
Nvidia accounted for 25% of the S&amp;P 500&#8217;s 17% gain in 2024, Reuters reports.
The chip designer has risen by 166% in the last 12 months as Big Techs, including Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Google parent Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), splurge on their artificial intelligence ambitions.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16120007/newplot-12.png" alt="" class="wp-image-550044" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16120007/newplot-12.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16120007/newplot-12-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40820316/amd-gains-ground-in-ai-chip-market-oracle-exec-confirms-growing-demand-report" rel="noreferrer noopener">AMD Gains Ground in AI Chip Market, Oracle Exec Confirms Growing Demand: Report</a>
The rising valuation of NvidiaNVIDIA in 2024 has helped boost the wealth of Jensen Huang, the co-founder and CEO of the company that was once created inside <a target="_blank" href="https://www.benzinga.com/general/social-media/24/03/37879478/humble-beginnings-like-nvidia-reddit-was-founded-inside-a-restaurant" rel="noreferrer noopener">a Denny&#8217;s restaurant.</a>
Huang has a wealth of $90.5 billion, ranking 18th according to <a target="_blank" href="https://www.bloomberg.com/billionaires/" rel="noreferrer noopener">Bloomberg</a>. While Huang hasn&#8217;t cracked the top 10 list yet and would currently need to hit a wealth of $130 billion, the Nvidia co-founder is one of the fastest risers among the world&#8217;s richest people. Huang&#8217;s wealth is up $46.4 billion year-to-date in 2024.
That figure is more than the combined $41.83 billion gained by Elon Musk, Jeff Bezos and Bill Gates. Musk, Bezos and Gates currently rank first, second and fifth, respectively, with their current wealth and year-to-date gains.
<ul>
<li>Elon Musk: $237 billion, +$7.73 billion year-to-date</li>
<li>Jeff Bezos: $195 billion, +$17.9 billion year-to-date</li>
<li>Bill Gates: $157 billion, +$16.2 billion year-to-date</li>
</ul>
The gain by Huang is one of the largest year-to-date gains, trailing only Meta Platforms CEO Mark Zuckerberg, who is up $49.9 billion and listed fourth at $178 billion.
It&#8217;s not just personal wealth &#8211; due to the AI frenzy, Huang expects hyper-scale customers to produce <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40837620/nvidia-ceo-jensen-huang-eases-investor-concerns-on-ai-demand-blackwell-timeline-and" rel="noreferrer noopener">$5 in rental revenue</a> for every $1 spent on Nvidia&#8217;s infrastructure. He also reiterated that Blackwell-based products will ship in the fourth fiscal quarter.
This indicates that Nvidia stock losing value would impact the S&amp;P500 and Huang&#8217;s wealth. However, Huang had snubbed <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/09/40820349/nvidia-ceo-jensen-huang-admits-its-tense-as-surging-demand-for-blackwell-chips-sparks-customer-fru" rel="noreferrer noopener">geopolitical tensions surrounding</a> supplier&nbsp;Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), voicing the possibility of switching suppliers.&nbsp;
Microsoft, Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Nvidia have a combined weighting of 20% in the S&amp;P 500. Microsoft gained 31%, and Apple has risen 22% in the last 12 months as they remain invested in their AI goals.
Investors can gain exposure to Nvidia and the S&amp;P 500 through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: NVDA stock closed lower by 1.95% to $116.78 on Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40790997/taiwan-semiconductors-strong-august-sales-hint-at-big-gains-ahead-ai-and-iphone-demand-fuel-optimism" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor&#8217;s Strong August Sales Hint at Big Gains Ahead, AI and iPhone Demand Fuel Optimism</a></li>
</ul>
Image via Shutterstock

AAPL

Nvidia's AI Surge Powers 25% of S&P 500 Gains in 2024, Makes Co-founder Huang Among Fastest Growing: Report

Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) client Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) acknowledged the chip designer gaining traction in the data center chip market for artificial intelligence despite Nvidia Corp&#8217;s moat.
Oracle cloud business executive Karan Batta <a target="_blank" href="https://www.theinformation.com/articles/oracle-exec-amd-gaining-favor-in-nvidia-dominated-market-for-ai-chips" rel="noreferrer noopener">told</a> the Information regarding customers&#8217; openness to multiple vendors for inference computing implying opportunities for AMD and rivals.
<a target="_blank" href="https://www.benzinga.com/news/24/09/40776199/amd-vs-nvidia-amds-surprising-strategy-shift-in-gaming-gpu-battle" rel="noreferrer noopener">Recent reports indicated</a> AMD is currently ditching the premium gaming GPU market for the mainstream and mid-range GPUs. The update followed after AMD hired Nvidia&#8217;s Keith Strier to helm AMD&#8217;s AI vision.&nbsp;
BofA Securities analyst Justin Post hailed the recent Oracle and Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) partnership. This partnership<a target="_blank" href="https://www.benzinga.com/news/24/09/40800539/amazon-and-oracle-partnership-unlocks-major-cloud-growth-opportunity-analyst-suggests" rel="noreferrer noopener"> offers cloud providers</a> a sizable opportunity to unlock demand for infrastructure and applications, which in turn implies demand for Nvidia and AMD AI chips.
Mai Capital Management portfolio manager&nbsp;Chris Grisanti, in a CNBC interview, cold-shouldered <a target="_blank" href="https://www.benzinga.com/news/24/09/40800236/nvidia-faces-investor-scrutiny-over-blackwell-chip-delays-big-revenue-expected-report" rel="noreferrer noopener">the recent semiconductor</a> and AI chip stock selloff, citing sustained AI ambitions of cash-rich Big Tech giants.
JPMorgan analyst Harlan Sur&nbsp;projects AMD&#8217;s revenue from data center GPUs to grow&nbsp;by&nbsp;$5 billion&nbsp;in the current&nbsp;fiscal year.
AMD stock gained 35% in the last 12 months. Investors can gain exposure to AMD through iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) and Vanguard Total Stock Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>).
Price Actions: AMD stock is up 2.32% at $156.15 at the last check Wednesday.
Photo by jamesonwu1972 via Shutterstock

ORCL

AMD Gains Ground in AI Chip Market, Oracle Exec Confirms Growing Demand: Report

Intel&nbsp;Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) CFO David Zinsner expects to generate a &#8220;meaningful&#8221; amount of revenue from its contract chip manufacturing business in 2027, Reuters cites the company&#8217;s CFO at an investor conference on Wednesday.
Intel is currently discussing with 12 potential customers how to generate revenue in 2026 and additional cash in 2027.
The stock has fallen since reports indicated Intel&#8217;s <a target="_blank" href="https://www.benzinga.com/news/24/09/40713483/whats-going-on-with-intel-stock" rel="noreferrer noopener">failure to impress</a> Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) with its latest wafer production.
Intel stock plunged over 47% in the last 12 months as it failed to milk the <a target="_blank" href="https://www.benzinga.com/news/24/09/40692084/intels-place-in-dow-in-jeopardy-ai-strategy-under-scrutiny-report" rel="noreferrer noopener">artificial intelligence boom</a>. Its contract manufacturing unit lost out to&nbsp;Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Intel scrapped its 20A manufacturing process for the more advanced 18A manufacturing process, Zinsner told Reuters. Recent reports indicated Intel <a target="_blank" href="https://www.benzinga.com/m-a/24/08/40648165/intel-weighs-major-business-split-factory-delays-amid-strategic-review-report" rel="noreferrer noopener">weighing strategic options</a>, including splitting its product design and manufacturing businesses.
Analysts and investors also speculate Intel is losing its Dow Jones Industrial Average position.
Intel expects a U.S. chip grant not until the end of 2024, posing another dampener for the company, especially after being called out by Republican Senator Rick Scott&nbsp;over its record downsizing plans.
Investors can gain exposure to Intel through Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
<h2 class="wp-block-heading">Intel Stock Prediction For 2024</h2>
Intel&#8217;s revenue growth in FY23 was -14.0%, reflecting the influence of various factors including the macroeconomic environment, demand for its products and services, and its position relative to competitors. This growth is a critical indicator for investors assessing the company&#8217;s future prospects.
Some macro factors that could impact the company's performance in the next year include higher interest rates, progress on reeling in inflation and labor market strength. The Fed's benchmark rate is currently at 5.33%, while PPI recently came in at 0.1%, growing 2.2% from last year. The unemployment rate was most recently reported as 4.3%.
An investor should pay attention to economic conditions to decide whether they think the macro environment is positive or negative for Intel stock. For real time economic data and breaking market updates, <a href="https://pro.benzinga.com/">check out Benzinga Pro. Try it for free.</a>
How does this stack up against Intel's peers?
Investors may also want to analyze a stock in comparison to companies with similar products or in similar industries. Intel operates in the Information Technology sector. The stock has experienced average annual growth of -28.66% compared to the 7.48% average of its peer companies. This is below the broader sector movement of Intel.
Price Action: INTC stock is up by 0.41% at $19.52 at the last check on Thursday.
Photo via Shutterstock

AVGO

What's Going On With Intel Stock On Thursday?

Undeterred by early August volatility, investors poured a staggering $75 billion into U.S. exchange-traded funds in August, a fivefold increase compared to the <a href="https://www.benzinga.com/etfs">same period last year.</a>
According to Bloomberg data, the strong August inflows into ETFs have pushed the year-to-date total to over $600 billion, putting 2024 on track to potentially challenge the all-time record of $911 billion in inflows, set in 2021 — a year before the Federal Reserve initiated its rate hike cycle.
Athanasios Psarofagis, an ETF analyst at Bloomberg Intelligence, highlighted that investors took advantage of the early August market dip to increase their equity ETF holdings. Additionally, there was a notable surge in demand for bond-related ETFs and small-cap ETFs as investors anticipate the start of the Federal Reserve's rate cuts.
<h3 class="wp-block-heading">ETF Market Nears $10 Trillion In Total Value</h3>
Bloomberg data reveals the total value of ETFs is approaching the $10-trillion mark, representing nearly one-third of the total value of all investment funds in circulation. Passive ETFs dominate this space with $8.7 trillion in assets, while actively managed ETFs have grown by 30% this year to $783 billion.
Both fixed-income and equity ETFs have seen strong inflows, with fixed-income products attracting $187 billion and equity ETFs $367 billion so far in 2024. 
Todd Sohn, an ETF strategist at Strategas, said bond ETFs have particularly benefited from an array of new offerings, including actively managed funds. Bond ETFs have attracted $100 billion over the last three months, surpassing the inflows seen during the early pandemic-recovery period in 2020.
Bitcoin-based ETFs have also gained traction, with net inflows exceeding $17 billion so far this year. Leveraged and inverse funds based on single companies have accumulated more than $9 billion in assets.
<h3 class="wp-block-heading">Top 5 ETFs By Inflows In August 2024</h3>
The following U.S.-listed ETFs saw the largest inflows of capital in August 2024:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Fund</th>
<th>Fund flows in August 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>)</td>
<td>$5.964 bn</td>
</tr>
<tr>
<td>Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>)</td>
<td>$3.906 bn</td>
</tr>
<tr>
<td>iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>)</td>
<td>$3.038 bn</td>
</tr>
<tr>
<td>iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>)</td>
<td>$2.49 bn</td>
</tr>
<tr>
<td>Vanguard Total Stock Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>)</td>
<td>$2.358 bn</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data: TradingView (as of Sept. 3)</figcaption></figure>
<h3 class="wp-block-heading">Year-To-Date ETF Inflow Leaders</h3>
Year-to-date, the top five ETFs by inflows are:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Fund</th>
<th>YTD fund flows</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vanguard S&amp;P 500 ETF</td>
<td>$60.648 bn</td>
</tr>
<tr>
<td>iShares Core S&amp;P 500 ETF</td>
<td>$43.532 bn</td>
</tr>
<tr>
<td>Vanguard Total Stock Market ETF</td>
<td>$21.098 bn</td>
</tr>
<tr>
<td>Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)</td>
<td>$19.329 bn</td>
</tr>
<tr>
<td>iShares Core U.S. Aggregate Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGG#NYSE">AGG</a>)</td>
<td>$14.152 bn</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data: TradingView (as of Sept. 3)</figcaption></figure>
Read Next:
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Photo via Shutterstock.

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US ETFs Attract $75 Billion In August, Push 2024 Inflows Over $600 Billion: 7 Investor Favorite Funds

Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) stock is trading higher Monday after the chip designer forged an <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/g40436040/amd-to-significantly-expand-data-center-ai-systems-capabilities-with-acquisition-of-hyperscale-sol" rel="noreferrer noopener">agreement to acquire</a> ZT Systems.
AMD agreed to acquire&nbsp;ZT Systems, a provider of AI infrastructure for hyperscale computing companies, in a cash and stock transaction valued at $4.9 billion, including an earnout payment of up to $400 million.
AMD expects the transaction to be accretive on an adjusted basis by the end of 2025.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40347392/apple-intel-and-amd-lead-charge-in-ai-capable-pc-market-surge-report" rel="noreferrer noopener">Apple, Intel, And AMD Lead Charge In AI-Capable PC Market Surge: Report</a>
ZT Systems will join the AMD Data Center Solutions Business Group. ZT CEO Frank Zhang will lead the manufacturing business, and ZT President Doug Huang will lead the design and customer enablement teams.
AMD will seek a strategic partner to acquire ZT Systems&#8217; U.S. data center infrastructure manufacturing business.
AMD has invested over $1 billion to expand the AMD AI ecosystem and boost its AI software capabilities.
AMD Chair and CEO&nbsp;Dr. Lisa Su: &#8220;ZT adds world-class systems design and rack-scale solutions expertise to significantly strengthen our data center AI systems and customer enablement capabilities. This acquisition also builds on the investments we have made to accelerate our AI hardware and software roadmaps.&#8221;
AMD held $5.34 billion in <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g40050533/amd-reports-second-quarter-2024-financial-results" rel="noreferrer noopener">cash and equivalents</a> as of June 29, 2024.
JPMorgan analyst Harlan Sur&nbsp;expects AMD to grow&nbsp;data center GPU revenue&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/08/40347392/apple-intel-and-amd-lead-charge-in-ai-capable-pc-market-surge-report" rel="noreferrer noopener">by over $5 billion</a> in fiscal 2024 courtesy of market share win in server and PC CPUs.
AMD stock gained over 37% in the last 12 months. Investors can gain exposure to the stock through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Actions: At the last check on Monday, AMD shares were trading higher by 2.55% at $152.35 premarket.
Also Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40168042/intels-10b-cost-cut-seen-as-necessary-but-not-enough-for-competitive-edge-analyst" target="_blank" rel="noreferrer noopener">Intel&#8217;s $10B Cost Cut Seen as Necessary but Not Enough for Competitive Edge: Analyst</a></li>
</ul>
Photo courtesy of AMD

AMD Expands AI Capabilities, Acquires ZT Systems in Major $4.9B Deal

Making its debut on 05/08/2007, smart beta exchange traded fund First Trust Large Cap Core AlphaDEX ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fex#NASDAQ">FEX</a>) provides investors broad exposure to the Style Box - Large Cap Blend category of the market.
<h2>What Are Smart Beta ETFs?</h2>
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.
By attempting to pick stocks that have a better chance of risk-return performance, non-cap weighted indexes are based on certain fundamental characteristics, or a combination of such.
This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results.
<h2>Fund Sponsor &amp; Index</h2>
Because the fund has amassed over $1.22 billion, this makes it one of the larger ETFs in the Style Box - Large Cap Blend. FEX is managed by First Trust Advisors. FEX, before fees and expenses, seeks to match the performance of the Nasdaq AlphaDEX Large Cap Core Index.
The NASDAQ AlphaDEX Large Cap Core Index is an enhanced index which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 500 Large Cap Index.
<h2>Cost &amp; Other Expenses</h2>
Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.
With on par with most peer products in the space, this ETF has annual operating expenses of 0.60%.
The fund has a 12-month trailing dividend yield of 1.19%.
<h2>Sector Exposure and Top Holdings</h2>
It is important to delve into an ETF&#39;s holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
For FEX, it has heaviest allocation in the Industrials sector --about 16.70% of the portfolio --while Financials and Information Technology round out the top three.
Taking into account individual holdings, Nvidia Corporation accounts for about 0.62% of the fund&#39;s total assets, followed by Vistra Corp. and Crowdstrike Holdings, Inc.
Its top 10 holdings account for approximately 5.26% of FEX&#39;s total assets under management.
<h2>Performance and Risk</h2>
So far this year, FEX has added about 9.35%, and is up about 16.57% in the last one year (as of 08/15/2024). During this past 52-week period, the fund has traded between $76.85 and $100.86.
FEX has a beta of 1.05 and standard deviation of 16.93% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 376 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
First Trust Large Cap Core AlphaDEX ETF is a reasonable option for investors seeking to outperform the Style Box - Large Cap Blend segment of the market. However, there are other ETFs in the space which investors could consider.
IShares Core S&amp;P 500 ETF (ARCA:IVV) tracks S&amp;P 500 Index and the SPDR S&amp;P 500 ETF&nbsp;tracks S&amp;P 500 Index. IShares Core S&amp;P 500 ETF has $499.77 billion in assets, SPDR S&amp;P 500 ETF has $550.61 billion. IVV has an expense ratio of 0.03% and SPY charges 0.09%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Blend.
<a href="https://www.zacks.com/stock/news/2322378/is-first-trust-large-cap-core-alphadex-etf-fex-a-strong-etf-right-now?cid=CS-BENZ-FT-smart_beta_etf-2322378">To read this article on Zacks.com click here.</a>

Is First Trust Large Cap Core AlphaDEX ETF a Strong ETF Right Now?

Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) has warned about a critical vulnerability named &#8220;SinkClose,&#8221; which affects multiple generations of its EPYC, Ryzen, and Threadripper <a target="_blank" href="https://community.amd.com/t5/processors/no-fix-for-new-sinkclose-exploit-on-3000-series-cpus/m-p/701290" rel="noreferrer noopener">processors</a>.
What Happened? The flaw allows attackers with Kernel-level (Ring 0) privileges to escalate to Ring -2 privileges, high-level access associated with System Management Mode (SMM), where they can install virtually undetectable malware, Bleeping Computer <a target="_blank" href="https://www.bleepingcomputer.com/news/security/new-amd-sinkclose-flaw-helps-install-nearly-undetectable-malware/" rel="noreferrer noopener">reports</a>.
IOActive researchers Enrique Nissim and Krzysztof Okupski discovered that the flaw allows attackers to alter SMM settings even when security measures like SMM Lock are enabled.
The researchers will present their findings at the upcoming DefCon event, shedding light on a flaw that has remained undetected for nearly two decades and impacts a broad range of AMD chip models.
Why Is It Important? This flaw allows malicious code to deeply embed itself within the firmware, making it nearly impossible to detect or remove.
Alarmingly, the vulnerability could persist even after a complete reinstallation of the operating system.
The vulnerability affects various AMD processors, including EPYC (1st to 4th generations), Ryzen Embedded series, Ryzen (3000, 5000, 4000, 7000, and 8000 series), Ryzen Mobile series, Threadripper series, and Athlon Mobile 3000 series, among others.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13044611/newplot-1-3.png" alt="" class="wp-image-491593" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13044611/newplot-1-3.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13044611/newplot-1-3-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
AMD has already rolled out mitigations for EPYC and Ryzen desktop and mobile CPUs, with additional fixes for embedded CPUs expected soon.
AMD plans to release a fix for its 5000 and 7000 series processors, but users of the 3000 series desktop processors need more time. Despite these relatively recent CPUs being released in late 2019 and 2020, the company has decided not to issue a patch for them.
Rosenblatt&nbsp;analyst Hans Mosesmann <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40016694/intel-analyst-flags-amd-competition-as-key-challenge-predicts-modest-growth-for-q2" rel="noreferrer noopener">maintained a Sell rating</a> on Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) &nbsp;as&nbsp;AMD continues to gain share on EPYC4 and newer EPYC5 road maps.
AMD stock lost 24% in the last 30 days amid a broader sector selloff. The stock is still up over 225 in the last 12 months. Investors can gain exposure to the stock through SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Actions: AMD shares were trading higher by 2.64% at $140.36 at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

AMD Issues Alert On Major Vulnerability Found in Multiple CPUs

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has seen its market value decline by $900 billion since its peak in June 2024, despite the ongoing surge in artificial intelligence (AI) spending.
While this drop might suggest a cooling of the AI boom that propelled Nvidia to its heights, the underlying trends tell a different story.
U.S. Big Tech giants led by Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), which represent over 40% of Nvidia&#8217;s revenue, have all committed to continued investment in AI infrastructure, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-08-08/nvidia-has-lost-900-billion-even-as-ai-spending-plans-ramp-up?sref=TBDibEcD" rel="noreferrer noopener">reports</a>. Nvidia stock is trading up on Friday.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09041454/newplot-7.png" alt="" class="wp-image-486190" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09041454/newplot-7.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09041454/newplot-7-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40227015/nvidia-greenlights-samsungs-fifth-gen-hbm3e-chips-for-ai-processors-report" rel="noreferrer noopener">Nvidia Greenlights Samsung&#8217;s Fifth-Gen HBM3E Chips for AI Processors: Report</a>
Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), a company that manufactures <a target="_blank" href="https://www.benzinga.com/news/24/08/40230388/super-micro-shows-margin-weakness-despite-strong-ai-demand-analyst" rel="noreferrer noopener">data center servers used</a> in AI applications, recently projected sales could reach up to $30 billion over the next year, surpassing analyst expectations.
Key Nvidia supplier Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) saw its revenue surge by 45% in July, outpacing the growth rate from the June quarter.
Analysts forecast Taiwan Semiconductor&#8217;s third-quarter revenue to rise by 37%, and the strong July performance indicates that TSMC might exceed these projections, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-08-09/tsmc-sales-grow-45-in-july-on-strong-ai-chip-demand?srnd=citylab&amp;sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
Rhys Williams, chief strategist at Wayve Capital Management LLC, told Bloomberg that companies have yet to reduce their AI spending or report issues with their AI initiatives.
Srini Pajjuri, managing director and senior research analyst at Raymond James, told Bloomberg the uncertainty surrounding the monetization of AI and questioned how long companies can sustain this level of spending without straightforward returns.
Ken Mahoney, president and CEO of Mahoney Asset Management, told Bloomberg that the recent selloff has brought Nvidia&#8217;s valuation down to about 30 times forward earnings, potentially making it more attractive to long-term investors.
Nvidia stock has increased by over 135% in the last 12 months despite losing 22% in the last 30 days. Investors can gain exposure to Nvidia through the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) and the Vanguard Total Stock Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>).
Price Action: NVDA shares traded higher by 1.29% at $106.32 premarket at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo:Shutterstock

SMCI

What's Going On With Nvidia Stock On Friday?

<a href="https://www.benzinga.com/topic/artificial-intelligence">Artificial intelligence server stock</a> Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) traded lower on Monday, following the broader semiconductor index selloff, which was led by key tech supplier Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
What Happened: AI stocks, which have driven much of 2024&#8217;s market gains, are falling, CNBC <a href="https://www.cnbc.com/2024/08/05/nvidia-super-micro-computer-lead-ai-trade-carnage-with-both-stocks-down-more-than-12percent.html" target="_blank" rel="noreferrer noopener">reports</a>.
These sector declines followed Friday&#8217;s disappointing July jobs report, which heightened recession worries and concerns that the Federal Reserve is slow to cut interest rates to stimulate the economy. Investors are shifting to a risk-off stance. AI stocks with high valuations are being sold off.
Semiconductors and AI chip stocks are jittery. Reports indicate <a href="https://www.benzinga.com/news/24/08/40152477/nvidia-upcoming-chip-launch-faces-delay-due-to-design-flaws-setback-expected-to-impact-meta-microsof" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s AI chip production issues</a> could extend the delay by several months or more.
Nvidia and Super Micro share a close relationship, as per a Forbes <a href="https://www.forbes.com/sites/petercohan/2024/04/22/super-micro-stock-fell-23-nvidia-stock-lost-10---genai-in-trouble/">report</a>. Both CEOs, Charles Liang of Super Micro and Jensen Huang of Nvidia, immigrated to the U.S. from Taiwan. Liang founded Super Micro in 1993 and has collaborated with Nvidia for over 30 years.
Wedbush analyst Matt Bryson expressed optimism about Super Micro&#8217;s long-term <a href="https://www.benzinga.com/news/24/08/40140168/super-micro-computer-earnings-preview-analyst-insights-and-expectations" target="_blank" rel="noreferrer noopener">AI growth prospects</a>. He cites positive demand trends for H100 and H100 servers.
Super Micro Computer stock gained 66% in the last 12 months thanks to the AI frenzy.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/05103803/newplot-1-1.png" alt="" class="wp-image-476632" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/05103803/newplot-1-1.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/05103803/newplot-1-1-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Why It Matters: The AI server market worldwide is projected to reach $430 billion by 2033. That&#8217;s a significant increase from $31 billion in 2023, as per <a href="https://www.statista.com/statistics/1472212/global-ai-server-market-size/" target="_blank" rel="noreferrer noopener">Statista</a>. These AI servers are built to handle the rigorous requirements of AI applications like machine learning.
Investors can gain exposure to Super Micro through the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: SMCI shares traded lower by 7.00% at $580.13 at last check Monday.
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