最新ニュース iShares U.S. Technology ETF (ARCA:IYW)

iShares U.S. Technology ETF

Technology

Communication Services

Industrials

The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of U.S. companies in the technology sector. The fund is non-diversified.

Apple Inc

Microsoft Corp

Nvidia Corp.

Meta Platforms, Inc.

Broadcom Inc

Alphabet Inc.Class A

Adobe Inc

Salesforce Inc.

Advanced Micro Devices Inc.

Alphabet Holding Company Inc.

iShares US Technology ETF

As artificial intelligence continues to reshape industries, Savart&#8217;s AI engine, APART, is identifying promising investment opportunities beyond the expensive and overvalued &#8220;AI poster boys&#8221; in both the listed and unlisted space.
What Happened: APART AI is currently favoring the automotive sector, companies providing the &#8220;shovels&#8221; for the AI gold rush, and capital goods industries as top picks for 2025, suggesting that the real value might lie in the supporting infrastructure rather than the most visible AI players.
&#8220;Our APART AI is currently heavy on automobiles, AI-shovel businesses, and capital goods industries,&#8221; said Sankarsh Chanda, founder and CEO of Savart which owns the AI-driven investment research engine, APART AI.
Highlighting a pattern of stock-picking by APART AI among the AI-linked stocks, Chanda added &#8220;We have noticed is that our system is focused on picking those selling shovels rather than the gold sellers in this AI gold rush. This is also likely because of the over valuation of the AI poster boys in both the listed and unlisted space.&#8221;
Unlike traditional asset management and even robo-advisors, APART&#8217;s data-driven approach eliminates human bias and emotional decision-making, focusing on long-term wealth creation, explained Chanda in a conversation with <a href="https://www.benzinga.com">Benzinga</a>.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/02/43764573/strategys-preferred-shares-outpace-peers-by-19-offer-7x-higher-liquidity-over-first-two-weeks-analysis-highlights-very-high-yields">Strategy&#8217;s Preferred Shares Outpace Peers By 19%, Offer 7x Higher Liquidity Over First Two Weeks: Analysis Highlights &#8216;Very High Yields&#8217;</a>
Why It Matters: Talking about the unpredictability surrounding Donald Trump&#8216;s new policies on trade and tax, and its impact on the stock market Chanda said that &#8220;volatility presents a lot of opportunities especially for long term investors and more so for foreign capital looking to enter the American market.&#8221;
&#8220;While the road may be rocky over the next few years, the American story seems stronger than ever,&#8221; he adds.
Addressing the future of AI amid the emergence of DeepSeek's modestly priced models, Chanda said, &#8220;AI is going to be more accessible, affordable and omni-present over the coming years.&#8221;
Price Action: Some exchange-traded funds consisting of AI-linked stocks have given a handsome year-to-date and annual return. Here is a list:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>ETF Name</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>iShares US Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>)</td>
<td>3.96%</td>
<td>27.95%</td>
</tr>
<tr>
<td>Fidelity MSCI Information Technology Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTEC#NYSE">FTEC</a>)</td>
<td>2.86%</td>
<td>27.30%</td>
</tr>
<tr>
<td>First Trust Dow Jones Internet Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDN#NYSE">FDN</a>)</td>
<td>9.56%</td>
<td>35.81%</td>
</tr>
<tr>
<td>iShares Expanded Tech Sector ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGM#NYSE">IGM</a>)</td>
<td>5.72%</td>
<td>33.32%</td>
</tr>
<tr>
<td>iShares Global Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IXN#NYSE">IXN</a>)</td>
<td>3.83%</td>
<td>23.30%</td>
</tr>
</tbody>
</table>
</figure>
On Friday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) which track the S&amp;P 500 and Nasdaq 100 indices, closed mixed. SPY fell 0.0049% to a value of $609.7, and QQQ was up by 0.42% to end at a value of $538.15, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43763438/trump-acting-like-a-mafia-don-says-this-economist-as-uncertainty-mounts-businesses-hold-back-in-fear-of-unforeseen-economic-shifts" target="_blank" rel="noreferrer noopener">Trump ‘Acting Like A Mafia Don,' Says This Economist As Uncertainty Mounts, Businesses Hold Back In Fear Of Unforeseen Economic Shifts</a></li>
</ul>
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Equities

Market Summary

News

Economics

Markets

Analyst Ratings

First Trust Dow Jones Internet Index Fund

FTEC

iShares Trust S&P Global Information Technology Sector Index Fund

iShares Dow Jones US Technology Sector Index Fund

Hidden Gems? AI Engine APART Highlights Automotive, Undervalued AI, Capital Goods As Top Sectors

Activist investor Dan Loeb&#8216;s Third Point LLC <a href="https://www.benzinga.com/topic/dan-loeb">adjusted its portfolio</a> in the third quarter of 2024, trimming stakes in several major companies, including technology and utility stocks.
PCG: Third Point reduced shares in one of the leading natural gas and electric energy companies, Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>), to <a target="_blank" href="https://www.sec.gov/Archives/edgar/data/1040273/000108514624005927/xslForm13F_X02/infotable.xml" rel="noreferrer noopener">49.7 </a>million in the third quarter of FY24 from 56.9 million shares in the third quarter of <a target="_blank" href="https://www.sec.gov/Archives/edgar/data/1040273/000108514623004511/xslForm13F_X02/infotable.xml" rel="noreferrer noopener">FY23</a>.
Although the investor gradually lowered shares in the company throughout the period, the stock is still the fund's largest&nbsp;<a href="https://www.benzinga.com/news/large-cap/25/01/42788070/hedge-fund-giant-dan-loebs-pge-bet-beats-market" target="_blank" rel="noreferrer noopener">holding as of Sept. 30, 2024.</a>
The stock declined 4.4% in the last year, underperforming the Vanguard Utilities Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VPU#NYSE">VPU</a>), which has&nbsp;gained 29.2%&nbsp;over the same time frame.
Importantly, the company reported a third-quarter adjusted EPS of 37 cents, exceeding analysts' expectations of 33 cents, but revenue of $5.94 billion, falling short of <a href="https://www.benzinga.com/news/large-cap/25/01/42788070/hedge-fund-giant-dan-loebs-pge-bet-beats-market" target="_blank" rel="noreferrer noopener">the&nbsp;consensus estimate of $6.61 billion</a>.
The company will report fourth-quarter <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">results on Feb. 13, 2025</a>.
Also Read: <a href="https://www.benzinga.com/government/regulations/25/02/43440692/us-mexico-agrees-on-one-month-tariffs-pause-stocks-rebound-peso-rallies">US, Mexico Agree On 1-Month Tariff Pause: Stocks Rebound, Peso Rallies</a>
AMZN: Apart from this, the investor cut shares in technology giant Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) to 3.7 million in the third quarter of FY24 from 4.9 million in the third quarter of FY23.&nbsp;&nbsp;
Notably, Third Point increased its AMZN shares in the <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514624002645/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">first </a>quarter of 2024 but lowered the number in the third quarter of 2024.
Amazon&#8217;s share escalated 40.51% in the last year, outperforming the Fidelity MSCI Consumer Discretionary Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDIS#NYSE">FDIS</a>), which has&nbsp;surged 29.81%&nbsp;over the same time frame.
Notably, Amazon reported the company posted mixed&nbsp;second-quarter&nbsp;FY24 results and gave soft third-quarter <a target="_blank" href="https://www.benzinga.com//node/40131294" rel="noreferrer noopener">guidance in August 2024</a>.
On Aug. 5, 2024 the company&#8217;s shares dropped to a six-month low of $151.61 in intraday trading, breaching the 21-day, 50-day, and 200-day moving averages.
MSFT: Moreover, Third Point significantly curtailed shares in software giant Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to 870,000 shares in third-quarter FY24 from 2.2 million in third-quarter FY23.
The stock gained 2.4% over the past year, lagging the&nbsp;&nbsp;iShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>), which rose 22.9% in the same period.
META: The investor slashed shares by half in Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) to 545,000 shares in third-quarter FY24 from 1.1 million in <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514624004004/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">the </a>second quarter of 2024.
The company&#8217;s share jumped 51.6% in the last year, outperforming the iShares Global Comm Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IXP#NYSE">IXP</a>), which upped 28.8%&nbsp;over the same time frame.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/43431559" target="_blank" rel="noreferrer noopener">Amazon, Temu, and Shein Under EU Scrutiny, Regulators Target Illegal Products and Tougher E-Commerce Rules</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Large Cap

AMZN

FDIS

iShares Trust S&P Global Telecommunications Sector Index Fund

MSFT

Dan Loeb's Third Point Trims Amazon, Microsoft, Meta As Tech Stocks Climb

Following Microsoft&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) second-quarter fiscal 2025 earnings report, ETFs with substantial allocations to the software giant have come <a href="https://www.benzinga.com/news/earnings/25/01/43320124/microsoft-shares-slide-after-q2-results-cloud-revenue-misses-expectations-details">into the spotlight</a>. 
Despite Microsoft <a href="https://www.benzinga.com/news/earnings/25/01/43320124/microsoft-shares-slide-after-q2-results-cloud-revenue-misses-expectations-details">beating earnings and revenue estimates</a>, concerns over slowing cloud growth led to a sharp 6% drop in the company&#8217;s shares at market close on Jan. 30. However, the stock has slightly pared the loss as of writing on Jan. 31. Investors are now carefully looking at <a href="https://www.benzinga.com/etfs">ETFs heavily weighted in Microsoft</a> to assess potential market implications.
Several ETFs with double-digit exposure to Microsoft have gained attention. Some of the most prominent funds include:
<h1 class="wp-block-heading">MSCI Information Technology Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTEC#NYSE">FTEC</a>)</h1>
• Tracks the MSCI USA IMI Information Technology Index.
• Microsoft holds a 16.5% allocation.
• AUM stands at $11.47 billion.
• Charges an expense ratio of 0.08%.
<h1 class="wp-block-heading">Vanguard Information Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>)</h1>
• Provides exposure to the information technology sector of the U.S. equity market.
• Microsoft accounts for about 16.65% of total holdings.
• AUM stands at $74.4 billion.
• Charges an expense ratio of 0.10%.
<h1 class="wp-block-heading">T-Rex 2X Long Microsoft Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MSFX#BATS">MSFX</a>)</h1>
• Seeks to amplify Microsoft&#8217;s daily performance by 200%.
• Charges 1.05% in annual fees.
• Has an asset base of $7.22 million
<h1 class="wp-block-heading">iShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>)</h1>
• Provides exposure to U.S. electronics, software and hardware companies. Microsoft holds the second-largest position at 15.15%.
• Tracks the Russell 1000 Technology RIC 22.5/45 Capped Index.
• Assets under management (AUM) stand at $18.27 billion.
• Charges 0.4% in fees.
<h1 class="wp-block-heading">SPDR Select Sector Fund &#8211; Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</h1>
• Microsoft holds 21.5% position among its components.
• Charges an expense ratio of 0.09%.
Also Read: <a href="https://www.benzinga.com/25/01/43381133/chinas-deepseek-r1-lands-on-microsoft-azure-and-awsthe-same-model-that-shook-silicon-valley">China&#8217;s DeepSeek-R1 Lands On Microsoft Azure And AWS — The Same Model That Shook Silicon Valley</a>
<h1 class="wp-block-heading">Microsoft&#8217;s Q2 Earnings Highlights</h1>
Microsoft reported earnings per share of $3.23, surpassing the $3.11 consensus estimate and improving from the prior-year earnings of $2.93 per share. Revenue climbed 12% year-over-year to $69.6 billion, slightly ahead of the consensus estimate of $68.70 billion.
Revenue from the Intelligent Cloud segment rose 19% year-over-year to $25.54 billion, with Office 365 Commercial and Dynamics 365 registering sales growth of 16% and 19%, respectively. The Azure cloud computing platform reported a 31% year-over-year revenue increase, marking a slowdown from 33% in the previous quarter.
Despite exceeding Wall Street expectations in the second quarter, Microsoft&#8217;s forecast for slower cloud growth raised concerns among investors, leading to a post-earnings decline in its stock price.
It is important to note that Microsoft has guided revenue growth across key segments for the fiscal third quarter. The company expects:
 • Productivity and Business Processes revenue between $29.4 billion and $29.7 billion, an 11%-12% growth (constant currency) year-over-year.
• Office Consumer and Cloud Services are anticipated to grow in the mid-to-high single digits, LinkedIn in the low-to-mid single digits, and Dynamics in the mid-teens. 
• Intelligent Cloud revenue is forecasted between $25.9 billion and $26.2 billion, with Azure growing 31%-32% at constant currency. 
• Enterprise Services revenue is expected to grow in the low-to-mid single digits, while Server product revenue is projected to decline in the mid-single digits.
Additionally, the company&#8217;s <a href="https://www.benzinga.com/markets/equities/25/01/43327008/microsofts-13-billion-run-rate-and-openai-azure-deal-spark-surge-in-enterprise-demand-for-ai-solutions-just-first-tranche-of-future-growth-potential">continued investment in AI and data center expansion</a> signals its long-term growth strategy.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/01/43356785/3-etfs-to-navigate-utility-stock-volatility-as-deepseek-challenges-power-demand-forecasts">3 ETFs To Navigate Utility Stock Volatility As DeepSeek Challenges Power Demand Forecasts </a></li>
</ul>
Photo: Shutterstock

Sector ETFs

Tech

ETFs

BCHP

ETF Opportunities Trust T-Rex 2X Long Microsoft Daily Target ETF

MSFX

5 ETFs To Watch During Microsoft's Post-Earnings Drop

Meta&nbsp;Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) <a target="_blank" href="https://www.benzinga.com/topic/meta" rel="noreferrer noopener">is trying to promote</a> Instagram by exploiting the absence of the Chinese rival TikTok download option from Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and 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 stores.
In 2020, President Donald Trump threatened to ban TikTok, citing <a target="_blank" href="https://www.benzinga.com/government/regulations/25/01/42772746/tiktok-set-for-a-ban-on-jan-19-by-law-but-trump-has-other-plans" rel="noreferrer noopener">national security threats</a> due to its ownership by ByteDance Ltd. However, recently, Trump urged the Supreme Court to delay the TikTok ban after assuming charge as the new President on January 20.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/43200619/byd-geely-and-saic-fight-back-against-eus-high-ev-tariffs-in-legal-battle" rel="noreferrer noopener">BYD, Geely, SAIC Contest EU&#8217;s High EV Tariffs In Court</a>
Previously, the Biden administration ordered ByteDance to divest its ownership of TikTok or face an effective ban on the app in the U.S. on January 19.
TikTok, has 170 million U.S. users and accounts for ~4% of the U.S. digital ad market. Around 63% of teens aged 13 to 17 use TikTok compared to 59% who use Instagram, CNBC cites a 2023&nbsp;Pew Research Center survey.
The Facebook and Instagram parent encouraged creators to promote Instagram on other short-form video apps, like TikTok, Snap Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) Snapchat, and 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>) YouTube including three months of posting exclusivity by doling out attractive offers, CNBC <a target="_blank" href="https://www.cnbc.com/2025/01/26/meta-is-paying-creators-to-promote-instagram-on-other-video-apps.html" rel="noreferrer noopener">cites</a> from a creator contract details.&nbsp;
Meta&#8217;s monthly cash bonuses ranged from $10,000 to $50,000 to shift their videos to Instagram Reels, CNBC cites the Information. The deals last six months and obligate a creator to post a minimum of eight Instagram Reels per month.
Meta paid over $2 billion to <a target="_blank" href="https://www.benzinga.com/news/24/10/41176448/mark-zuckerbergs-facebook-paid-2b-to-content-creators-in-the-past-year-and-it-wants-to-pay-out-more" rel="noreferrer noopener">content creators&nbsp;in 2024</a>. Four million content creators have reportedly made money from the platform since 2017.
Meanwhile, <a target="_blank" href="https://www.benzinga.com/25/01/43198088/tiktok-ban-sparks-divide-oracle-backs-trump-while-apple-google-play-it-safe" rel="noreferrer noopener">Trump allies, including</a> Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) co-founder and Chairman&nbsp;Larry Ellison and Elon Musk, emerged as eligible contenders for&nbsp;TikTok after Trump suspended the TikTok ban for 75 days.
<h2 class="wp-block-heading">META Stock Prediction For 2025</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 Meta Platforms, 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 Meta Platforms, the 200-day moving average sits at $536.57, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is below the current price of $647.49. 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.
Investors can gain exposure to Meta through iShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>) and Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).
Price Action: META stock is down 1.57% at $637.71 premarket at the last check on Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/25/01/43197956/qualcomm-gains-2-billion-boost-from-samsung-s25-chipset-deal-analyst-highlights-growth-in-handsets-and-beyond" target="_blank" rel="noreferrer noopener">Qualcomm Gains $2 Billion Boost From Samsung S25 Chipset Deal, Analyst Highlights Growth in Handsets and Beyond</a></li>
</ul>
Image via Shutterstock

Government

Regulations

Media

AAPL

GOOG

GOOGL

ORCL

SNAP

Meta Wants To Leverage TikTok Ban Threat to Promote Instagram On Other Social Media, Offers Cash Deals

Biographer Seth Abramson, who says he is writing a biography of Elon Musk, has expressed concerns over the mental health of the billionaire entrepreneur, citing his recent online behavior.
What Happened:&nbsp;In a post on X last week, Abramson, who has been tracking Musk&#8217;s online activities for the past two years, voiced his fears about Musk&#8217;s mental wellbeing. 
He stated, &#8220;I legitimately believe Elon Musk may be going mad. I&#8217;m a Musk biographer who has been tracking his online behavior for the last two years, and given that he&#8217;s admitted to all of mental illness, heavy drug use, and crippling stress, it is now reasonable to fear he is deeply unwell.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I legitimately believe Elon Musk may be going mad. I&#39;m a Musk biographer who has been tracking his online behavior for the last two years—and given that he&#39;s admitted to all of mental illness, heavy drug use, and crippling stress, it is now reasonable to fear he is deeply unwell.
&mdash; Seth Abramson (@SethAbramson) <a href="https://twitter.com/SethAbramson/status/1876343355665494253?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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In another post, he wrote, &#8220;It is now reasonable to fear he is deeply unwell. Protect America from Elon Musk.&#8221;
<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">For 14 days more the administration is in a position to take urgent action to protect America from Elon Musk. That could include ending all U.S. contracts with him, filing lawsuits to block his unconstitutional DOGE initiative, and launching new federal and natsec investigations.
&mdash; Seth Abramson (@SethAbramson) <a href="https://twitter.com/SethAbramson/status/1876344354568393095?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
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He also referenced Musk's role as the incoming head of the Department of Government Efficiency (DOGE) under the Trump administration, emphasizing that Musk's influence could threaten national stability. 
Also Read: <a href="https://www.benzinga.com/news/24/02/36925273/elon-musk-fostered-culture-of-drug-use-among-senior-leaders-at-tesla-and-spacex-report-says">Elon Musk Fostered Culture Of Drug Use Among Senior Leaders At Tesla And SpaceX, Report Says</a>
&#8220;His control over &#8216;civilization-essential industries&#8217; and his upcoming government role mean his erratic behavior endangers us all,&#8221; Abramson stated.
<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">His private struggles would not be of general concern except they have dramatic public consequences. His holdings across many civilization-essential industries and the fact that he&#39;s the incoming POTUS mean that his madness and increasing incitement of violence endanger us all.
&mdash; Seth Abramson (@SethAbramson) <a href="https://twitter.com/SethAbramson/status/1876343840258617394?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Abramson&#8217;s concerns stem from Musk&#8217;s own admissions&nbsp;of mental illness, heavy drug&nbsp;use, and crippling stress. The biographer&#8217;s post has since garnered over 4.1 million views, sparking widespread discussion about the mental health of high-profile individuals like Musk.
Why It Matters:&nbsp;Elon Musk, the CEO of&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and&nbsp;SpaceX, is one of the most influential figures in the tech industry. His mental health could potentially impact the operations and stock performance of his companies.
Moreover, Abramson&#8217;s tweet highlights the importance of mental health awareness, even among successful individuals. It serves as a reminder that mental health issues do not discriminate and can affect anyone, regardless of their status or achievements.
Read Next
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Image: Shutterstock

Social Media

Health Care

ARKK

RIVN

TSLA

Is Elon Musk's Mental Health a Cause for Concern? Biographer Thinks So

President-elect Donald Trump announced on Tuesday that the Emirati real estate development firm DAMAC Properties will invest $20 billion to construct data centers in the U.S. to meet the growing needs of hyperscale customers. The race for dominance in artificial intelligence hit an inflection point as Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) revealed its <a href="https://www.benzinga.com/25/01/42801720/microsoft-to-invest-80-billion-in-ai-data-centers-for-fiscal-2025">$80 billion investment plan</a> to build AI-driven data centers in fiscal 2025, with special regional focus on the U.S.
These developments serve as a green light for investors looking to invest in this theme. Risk-averse investors who are interested in cashing in on this opportunity, but are reluctant to choose individual stocks can choose from a plethora of ETFs tied to data center and digital infrastructure stocks. Here we name 3 such ETFs, which carry stocks of digital infrastructure providers like Microsoft and are poised to mirror the gains of the digital infrastructure industry.
See Also: <a href="https://www.benzinga.com/25/01/42806852/microsoft-pauses-construction-on-33-billion-mount-pleasant-data-center-project-cites-technology-changes-and-design-re-evaluation">Microsoft Pauses Construction On $3.3 Billion Data Center Expected To Be Used By ChatGPT-Parent OpenAI For Massive Super Computer</a>
Vanguard Information Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>), with a low expense ratio of only 0.10% and $98 billion under management, holds the maximum position in Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a 16.19% current weightage. Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Microsoft are right behind, enjoying weightage of 15.42% and 13.05% of the fund&#8217;s total allocation, respectively.
iShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>) has $20.5 billion funds under management and charges an expense ratio of 0.39%. It derives its allocation strategies from the Russell 1000 Technology RIC 22.5/45 Capped Index. Nvidia (15.59%), Apple (15.57) and Microsoft (14.16%) take up the three biggest pieces of the pie. 
Global X Data Center REITs &amp; Digital Infrastructure ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VPN#NASDAQ">VPN</a>) focuses exclusively on companies developing and operating data centers. Microsoft and Apple might not be included in the fund currently, but compelling stocks like Equinix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQUIX#NASDAQ">EQUIX</a>), Nvidia and Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) enjoy a place in the fund&#8217;s portfolio. Expense ratio that the fund management charges is 0.50%.
Some Notes On Major Fund Holdings
Data centers run by Apple boast unique design features to support energy conservation and have been running on 100% renewable energy since 2014. Nvidia, on the other hand, is expected to <a href="https://www.benzinga.com/24/12/42269031/nvidias-blackwell-liquid-cooling-revolution-fuels-ai-growth">ramp up production</a> of liquid-cooled GB200 server racks in the current quarter.
Data center REIT Equinix recently acquired BT's data center business in Ireland. Advanced Micro&#8217;s aMI300 product line, featuring high-performance GPU accelerators, is expected to rake in more than $5 billion in revenue for 2024, according to Dataconomy.
Parting Thoughts
Digital infrastructure is the backbone of modern technology. From AI and cloud computing to blockchain and 5G, the global economy relies on robust data centers to keep pace with innovation. A Research And Markets study shows that the Data Center services market, which grew from $56.65 billion in 2023 to $62.23 billion in 2024, is likely to witness a CAGR of 9.99%, hitting $110.34 billion by 2030. Whether it's leveraging Microsoft-heavy funds like VGT or targeting niche players through VPN, investors have a range of tools to capitalize on this transformative megatrend.
See Next: 
<a href="https://www.benzinga.com/general/space/25/01/42859212/rocket-lab-surge-sparks-renewed-interest-in-space-focused-etfs-3-funds-in-focus">Rocket Lab Surge Sparks Renewed Interest In Space-Focused ETFs: 3 Funds In Focus</a>
Photo: Shutterstock

EQUIX

NVDA

Global X Data Center REITs & Digital Infrastructure ETF

3 Digital Infrastructure ETFs In Focus As Trump Reveals Billion-Dollar Data Center Construction Plan

AI-themed exchange-traded funds (ETFs) are witnessing a significant surge as asset managers capitalize on the growing enthusiasm surrounding <a href="https://www.benzinga.com/topic/artificial-intelligence">artificial intelligence</a>. This year, over one-third of the two dozen AI-focused ETFs were launched, according to Morningstar.
What Happened: In the past week alone, three new ETFs have entered the AI sector, including one that was rebranded to specifically focus on artificial intelligence, Reuters reported on Monday. The total assets of AI ETFs have now reached $4.5 billion, approaching the $5.5 billion held by nuclear power-themed ETFs and surpassing the $1.37 billion in the cannabis sector.
Daniel Sotiroff, a senior analyst at Morningstar, remarked on the trend, stating, &#8220;I&#8217;m not surprised their ranks are multiplying.&#8221; 
He emphasized that the industry&#8217;s rapid pace attracts investors eager for quick returns, according to the report.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41560703/november-interest-rate-cut-almost-a-done-deal-as-blackout-begins-10-stocks-surging-the-most-sinc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">November Interest Rate Cut Almost A Done Deal As Blackout Begins: 10 Stocks Surging The Most Since Fed&#8217;s Last Decision</a>
As per Benzinga Pro data, here are how some of the AI-based ETFs performed over the past year:
Global X Robotics and Artificial Intelligence ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOTZ#NASDAQ">BOTZ</a>): BOTZ, currently with net assets worth $2.51 billion and NAV of $31.59, climbed 40.39%. Its top AI-related holdings include Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and biotech firm Intuitive Surgical Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>).
Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>): AIQ, which has $2.27 billion in net assets and $37.36 NAV, increased by 43.64%. Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), and Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) are some of its top AI-related holdings.
iShares US Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>): IYW gained 50.72% in the past year. The ETF has an NAV of $155.42 and $19.24 billion in net assets. It also gives exposure to tech stocks like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Nvidia, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) which have witnessed stellar growth, thanks to AI buzz.
Fidelity MSCI Information Technology Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTEC#NYSE">FTEC</a>): The ETF witnessed a 48.55% growth while exposing to stocks like Apple, Microsoft, Nvidia, Alphabet and Broadcom. It holds $12.05 billion in net assets. 
Why It Matters: The surge in AI-themed ETFs is part of a broader trend driven by the increasing demand for artificial intelligence technologies. Recently, Nvidia briefly surpassed Apple to become the <a href="https://www.benzinga.com/markets/equities/24/10/41551461/nvidia-overtakes-apple-as-worlds-most-valuable-company-again">world&#8217;s most valuable company</a>, fueled by the demand for its AI supercomputing chips. This highlights the growing importance of AI in the tech sector.
Moreover, the <a href="https://www.benzinga.com/news/24/10/41351070/imf-warns-ai-in-stock-trading-can-boost-efficiency-but-warns-of-increased-market-volatility">International Monetary Fund</a> (IMF) has noted AI&#8217;s potential to enhance market efficiency but warns of increased volatility and cyber threats. The IMF&#8217;s Global Financial Stability Report suggests that AI-driven trading could revolutionize markets, although its adoption remains limited. The report also cautions about the potential shift of investments to less regulated nonbank financial intermediaries, complicating market oversight.
Read Next: 
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</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Unsplash

General

AVGO

BOTZ

CSCO

ISRG

More Than A Third Of AI-Based ETFs Were Launched In 2024, Focusing On Nvidia, Microsoft, Apple And Meta, Among Others: Here's How Some Of Them Have Performed This Year So Far

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares may not rise very much when the tech giant debuts the iPhone 16 on Monday because much of the anticipation is already baked into the stock, but the new phone should give some <a href="https://www.benzinga.com/news/24/09/40680904/7-products-apple-will-likely-discontinue-next-week-after-iphone-16-launch">legs to the stock </a>over the next year, according to a tech expert. 
"I think the announcement is typically going to be a disappointment," Deepwater Asset Management managing partner Gene Munster told Benzinga on Tuesday. 
"I don't expect it to trade up on the event."
Munster&#8217;s expectation is the shares will start rising considerably after the company reports its third-quarter earnings in late October because consumers and investors will have had time to explore the iPhone&#8217;s expected artificial intelligence features, he said. 
&#8220;I think they&#8217;re really gonna catch on,&#8221; Munster said.
&#8220;Once that starts happening into next year, that&#8217;s when the excitement really goes, but this is going to be the disappointment before the excitement. I think this year is really going to be a great 12 months for Apple.&#8221;
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39696001/apples-app-store-revenue-surge-and-iphone-upgrades-set-to-drive-growth-in-2025-bofa">Apple&#8217;s App Store Revenue Surge and iPhone Upgrades Set to Drive Growth in 2025: BofA Analyst</a>
Sales for iPhone may grow as much as 15% next year versus Wall Street expectations of 7% because the iPhone 16 may convince 10% of iPhone users who planned on upgrading in 2026 to do so next year, he said. 
&#8220;I think it&#8217;s conservative to say 10% because there&#8217;s a group that&#8217;s just going upgrade this year because it&#8217;s time. Their phone is five years old they&#8217;re just gonna get a new phone.&#8221; 
The higher revenue will move the stock higher, Munster said, but he declined to predict a number. 
The question is how many users who initially planned to upgrade in 2026, 2027 and 2028 will go for the iPhone 16 in 2025 as a result of the new AI features, Munster said.
&#8220;These pools are so massive that just a small increase in that uptake has a measurable impact on revenue growth,&#8221; he said.
&#8220;I think the bottom line is if &nbsp;the AI features are as exciting as I believe, they&#8217;re going to have a massive wave of upgrades.&#8221;
Munster recalled iPhone sales growing 52% 10 years ago when the iPhone 6 came out with a bigger screen.
"Small changes to features can have big impact to growth,&#8221; he said.
&#8220;That&#8217;s the key question. Do you think these features are going to spur big upgrade cycle?&#8221;
AAPL Price Action: Apple lost 2.72% in Tuesday&#8217;s session, closing at $222.77. Exchange-traded funds that hold the stock performed as follows:
<ul>
<li>T-Rex 2X Long Apple Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/AAPX#BATS">AAPX</a>) fell 5.17%. </li>
<li>Direxion Daily AAPL Bull 2X Shares (NASADQ: AAPU) dropped 5.53%. </li>
<li>Fidelity MSCI Information Technology Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTEC#NYSE">FTEC</a>) declined 4.32%.</li>
<li>Vanguard Information Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) slipped 4.4%. </li>
<li>IShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>) fell 4.18%. </li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/06/39267314/will-your-iphone-support-new-apple-intelligence-features-heres-what-you-need-to-know">Will Your iPhone Support New Apple Intelligence Features? Here&#8217;s What You Need To Know</a></li>
</ul>
Gene Munster of Deepwater Asset Management. Courtesy photo.

Analyst Color

Specialty ETFs

Exclusives

Movers

AAPU

ETF Opportunities Trust T-Rex 2X Long Apple Daily Target ETF

AAPX

EXCLUSIVE: Apple's iPhone 16 Launch Will Be 'Disappointment Before The Excitement,' Gene Munster Says

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) once again <a href="https://www.benzinga.com/news/earnings/24/08/40092219/apple-meta-platforms-and-3-stocks-to-watch-heading-into-thursday">offering lower prices </a>on its products for college students heading back to school in the fall through its yearly Higher Education Offer, formerly known as its Back To School promotion.
The global sales drive, which has a new name to communicate its exclusive focus on college students, began in the U.S., Canada and India in June and has been running in the U.K. and Europe since early July, MacWorld <a href="https://www.macworld.com/article/673191/apple-back-school-sale.html">reported</a>. Apple is handing out gift cards in the U.S., U.K. and Canada while giving discounts on AirPods in Europe and India.
The Higher Education Offer kicked off on June 20 and will end on Sept. 30 in the U.S., Canada and India. It began on July 3 and will stop on Oct. 21 in the U.K. and Europe.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40047546/apple-set-to-beat-q3-earnings-estimates-with-strong-services-growth-goldman-sachs">Apple Set To Beat Q3 Earnings Estimates With Strong Services Growth: Goldman Sachs</a>
The deal, which usually ends about a month after the first semester, has already taken place in Australia, New Zealand, Brazil and South Korea from January to mid-March. 
Higher Education Offer deals include getting $100 and $150 gift card for buying Mac computers and iPad tablets, a 20% discount off AppleCare technical support services and an Apple Pencil Pro for $119.
Apple&#8217;s Education Store also offers product discounts to students all year long.
Price Action: Apple Inc., which is scheduled to release third-quarter earnings after Thursday&#8217;s close, rose 1.01% to $224.32 in Thursday&#8217;s premarket trading, while exchange-traded funds that hold the stock also trended upward.
<ul>
<li>T-Rex 2X Long Apple Daily Target ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/AAPX#BATS">AAPX</a>) gained 1.73%</li>
<li>Direxion Daily AAPL Bull 2X Shares&nbsp;(NASADQ: AAPU) rose 2.24%</li>
<li>Fidelity MSCI Information Technology Index ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTEC#NYSE">FTEC</a>) went up 0.60%</li>
<li>Vanguard Information Technology ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) edged up 0.77%</li>
<li>IShares U.S. Technology ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>) increased 1.69%</li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/markets/equities/24/07/40029731/apple-operating-in-an-alternative-universe-says-top-analyst-as-cupertinos-strategy-will-likely-w">Apple &#8216;Operating In An Alternative Universe,&#8217; Says Top Analyst, As Cupertino&#8217;s Strategy Will Likely Weather Margin-Squeezing Effect Of AI Spending</a></li>
</ul>

Apple Higher Education Offer Spans Globe, Gives Discounts To College Students

Goldman Sachs expects Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to <a href="https://www.benzinga.com/markets/equities/24/07/40029731/apple-operating-in-an-alternative-universe-says-top-analyst-as-cupertinos-strategy-will-likely-w">beat analyst expectations</a> when it reports third-quarter earnings after Thursday&#8217;s closing bell.
The tech giant should exceed Wall Street consensus of $1.33 earnings per share (EPS) by 3 cents on Thursday, according to Goldman Sachs analyst Michael Ng. He predicted revenue for the quarter to come in at $85.1 billion, up 4% from $81.8 billion in revenue posted a year ago.
&#8220;While Apple's iPad market share has lagged in recent quarters relative to history, we expect the recently announced new iPad models (May 7) should benefit market share in F3Q24,&#8221; he wrote in a note.
&#8220;The new iPad models represented the first new iPads since October 2022.&#8221;
Goldman Sachs maintains a Buy rating on Apple because it believes the company&#8217;s focus on slower product revenue growth does not reflect its growth in services and product innovation, Ng said.
Read Also:<a href="http://Apple Shares Are Surging Friday: What You Need To Know"> Apple Shares Are Surging Friday: What You Need To Know</a>
&#8220;The majority of gross profit growth over the next five years should be driven by services, which should mark an inflection point in the services investment narrative,&#8221; he wrote.
&#8220;The durability of Apple's installed base and the resulting revenue growth visibility from attaching more services and products is what underpins the recurring revenue &#8212; or Apple-as-a-Service &#8212; opportunity.&#8221;
But Apple is exposed to downside risks such as weakening consumer demand for products and services, supply chain disruption and growing competition, Ng said.
&#8220;Although Apple is the largest company and the most well resourced among its competitors, it is not the market leader in every single business line,&#8221; he wrote. &#8220;For instance, in video streaming, it faces several key competitors that invest more heavily than Apple in content.&#8221;
Price Action: Apple was down 0.3% to $217.54 at the time of publication Tuesday.
The decline in Apple shares also impacted related ETFs:
<ul>
<li>T-Rex 2X Long Apple Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/AAPX#BATS">AAPX</a>) slipped 1.51%.</li>
<li>Direxion Daily AAPL Bull 2X Shares (NASADQ: AAPU) fell 1.94%</li>
<li>Fidelity MSCI Information Technology Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTEC#NYSE">FTEC</a>) declined 1.51%.</li>
<li>Vanguard Information Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) dropped 2.59%</li>
<li>IShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>) lost 2.62%</li>
</ul>
Read Now: 
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<li><a href="http://Apple's App Store Revenue Surge and iPhone Upgrades Set to Drive Growth in 2025: BofA Analyst">Apple&#8217;s App Store Revenue Surge and iPhone Upgrades Set to Drive Growth in 2025: BofA Analyst</a></li>
</ul>
Photo: Shutterstock

Earnings

Reiteration

Apple Set To Beat Q3 Earnings Estimates With Strong Services Growth: Goldman Sachs

Apple Vision Pro‌ has upped its Digital Crown virtual reality feature with the launch of a <a href="https://www.benzinga.com/news/24/07/39961795/apple-to-rally-around-10-here-are-10-top-analyst-forecasts-for-thursday">new virtual environment </a>that takes the user to a picturesque lake in Norway.
Digital Crown already provides a dozen virtual environments that serve as backdrops to whatever apps and images the user is viewing through the Apple Vision Pro headset. 
The new release follow&#8217;s Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) announcement that Apple Vision Pro&#8217;s visionOS 2, which turns 2D images into 3D, will feature a Bora Bora environment later this year, MacRumors<a href="https://www.macrumors.com/2024/07/24/apple-vision-pro-lake-vrangla-environment/"> reported</a>.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/07/39958982/apples-taiwanese-chip-supplier-ase-tech-clocks-modest-q2-growth-in-revenues">Apple&#8217;s Taiwanese Chip Supplier ASE Tech Clocks Modest Q2 Growth In Revenues</a>
The newest environment provides a pleasant foggy view of Lake Vrangla, a placid body of water near Oslo. It also showcases a calming sunset scene and videos that appear over the lake will reflect in the water.
Digital Crown provides a virtual alternative to the user&#8217;s actual surroundings, which Apple Vision Pro shows behind apps and other images via the headset&#8217;s passthrough cameras.
The new Lake Vrangla environment is available to users as a simple download that can be started from the Environments tab of Apple Vision Pro&#8217;s Home View, in either visionOS 1 or visionOS 2 beta.
Price Action: Apple slipped 0.48% to $217.49 on Thursday, while exchange-traded funds that track Apple also fell.
<ul>
<li>T-Rex 2X Long Apple Daily Target ETF (AAPX) slipped 1.24%.</li>
<li>Direxion Daily AAPL Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPU#NASDAQ">AAPU</a>) declined 0.98%.</li>
<li>Fidelity MSCI Information Technology Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTEC#NYSE">FTEC</a>) fell 0.90%.</li>
<li>Vanguard Information Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) slid 0.94%.</li>
<li>IShares U.S. Technology ETF ARCA: IYW) lost 0.91%.</li>
</ul>
Read Now: 
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39955407/tesla-apple-chip-supplier-stmicroelectronics-q2-earnings-hit-by-weakness-in-industrial-and-automoti">Tesla, Apple Chip Supplier STMicroelectronics Q2 Earnings Hit by Weakness in Industrial and Automotive Sectors, Stock Plunges</a></li>
</ul>
Photo: Apple Vision Pro &#x7C; Photo courtesy: Apple

Apple Vision Pro Launches New Lake-Setting Environment For Digital Crown VR

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares are trading higher in the <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">premarket session</a> on Monday.
The company achieved record-breaking annual sales in India, nearing $8 billion, reflecting the tech giant's rapidly expanding presence in the country.
The milestone underscores Apple's growing market in India, where it has increased local assembly of its devices and <a target="_blank" href="https://in.benzinga.com/content/38369338/apple-india-stores-rank-among-best-globally-in-first-years-revenue" rel="noreferrer noopener">opened two flagship stores</a>.
India's revenue surged by about 33% in the 12 months ending in March, up from $6 billion the previous year.
Notably, high-priced iPhones accounted for over half of these sales, according to a report from <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-15/apple-sales-in-india-surge-33-to-8-billion-as-chinese-market-slows?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
Apple's growth in India highlights its efforts to capture users in the world's most populous nation. As India's economy strengthens, consumer purchasing power is rising.
Apple is leveraging this trend to diversify its manufacturing and revenue streams, particularly as trade tensions with China pose risks.
The Indian smartphone market is dominated by affordable Chinese brands running Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google's Android OS. iPhones represent only 3.5% of the nearly 690 million smartphones in use in India, based on data from Counterpoint Research.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39748257/apples-find-my-feature-the-brainchild-of-an-intern" rel="noreferrer noopener">Apple's ‘Find My' Feature: The Brainchild Of An Intern</a>
Despite this, India remains one of Apple's fastest-growing markets, contributing about 2% to its fiscal-year sales of $383 billion.
Apple's CEO Tim Cook <a target="_blank" href="https://in.benzinga.com/content/38605390/could-not-be-more-excited-tim-cook-on-apples-revenue-record-setting-operations-in-india" rel="noreferrer noopener">has prioritized India</a>, highlighted by his visit last year to inaugurate two Apple Stores.
India's expanding middle class, viewing Apple products as status symbols, could help reduce the company's dependency on Chinese sales.
Apple has been increasing its production capabilities in India, manufacturing models like the iPhone 15, though high-end models like the Pro and Pro Max are not yet produced locally.
The company exports most of its India-assembled devices. Apple's partners in India doubled production to $14 billion worth of iPhones last fiscal year, meaning roughly 14% of its devices are now made in India.
Morgan Stanley has maintained an Overweight rating on Apple and raised the price target from $216 to $273.
Apple stock has gained more than 12% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Vanguard Information Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and IShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>).
Price Action: At the last check on Monday, AAPL shares were trading higher by 1.98% at $235.10 in the premarket.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Company

Emerging Markets

What's Going On With Tech Giant Apple's Stock On Monday?

Elon Musk seeks to dismiss a lawsuit filed by former Twitter shareholders who claim he delayed disclosing his substantial ownership stake in the <a target="_blank" href="https://www.benzinga.com/news/23/04/31810229/elon-musk-bought-twitter-1-year-ago-a-look-back-at-whats-happened-since-and-what-could-be-next" rel="noreferrer noopener">social media company in early 2022</a>.
Musk argues that "all indications" suggest any delay was unintentional.
In a recent filing in Manhattan federal court, Musk dismissed the idea that he aimed to deceive shareholders unaware of his 9.2% Twitter stake, which led them to miss out on significant gains when they sold their stock, Reuters reports.
Investors allege that Musk and his wealth manager, Jared Birchall, were aware of the U.S. Securities and Exchange Commission (SEC) rule requiring disclosure by March 24, 2022, after Musk acquired 5% of Twitter.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39640751/tesla-model-y-features-on-chinese-governments-purchase-list-in-a-first-for-elon-musks-company" rel="noreferrer noopener">Tesla Model Y Features On Chinese Government's Purchase List In A First For Elon Musk's Company</a>
They claim he waited an additional 11 days, allowing him to purchase more shares at lower prices, saving over $200 million. Twitter's stock surged 27% on April 4, 2022, following <a target="_blank" href="https://www.benzinga.com/m-a/22/04/26444862/elon-musk-discloses-9-2-stake-in-twitter-weeks-after-criticizing-algorithm-what-you-need-to-know" rel="noreferrer noopener">Musk's announcement of his 9.2% stake</a>.
Musk stated in his filing that he initially planned to reveal his Twitter stake at the end of 2022 but did so promptly upon realizing his misunderstanding of the SEC rule. "This is not a scheme to defraud," Musk asserted.
He also denied allegations that a Morgan Stanley banker <a target="_blank" href="https://www.benzinga.com/news/large-cap/23/01/30485850/morgan-stanleys-role-in-musks-twitter-acquisition-advisers-not-owners" rel="noreferrer noopener">helped him develop a strategy</a> to amass Twitter shares secretly.
The investors, led by an Oklahoma public pension fund, have not commented on Musk's latest filing.
Musk acquired Twitter, now known as X, for $44 billion in October 2022. The SEC is also <a target="_blank" href="https://www.benzinga.com/news/24/02/37061910/us-judge-orders-elon-musks-testimony-in-sec-probe-of-44b-twitter-acquisition" rel="noreferrer noopener">investigating his Twitter stock purchases.</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Photo via Shutterstock

Elon Musk Argues Mistake, Not Fraud, In Twitter Stake Disclosure Lawsuit

Epic Games, the creator of &#8220;Fortnite,&#8221; has accused tech giant Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) of obstructing its efforts to establish a games store on iPhones and iPads in Europe.
This marks the latest development in the ongoing dispute over Apple&#8217;s control of the iOS app ecosystem.
Epic Games reported that Apple has twice denied its submission to launch the Epic Games Store, citing similarities in the design of certain buttons and labels to those used by the App Store, Reuters reports.
According to Epic, their use of &#8220;Install&#8221; and &#8220;In-app purchases&#8221; follows standard conventions seen across popular app stores on various platforms.
They argue that Apple&#8217;s rejection is arbitrary and violates the Digital Markets Act (DMA).
In March, under pressure from European regulators, Apple had agreed to allow Epic to set up its own game store on iOS devices in Europe. However, the current impasse suggests ongoing friction between the two companies.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/07/39611089/top-apple-executive-phil-schiller-to-join-openai-board-as-observer-giving-iphone-maker-equal-status" rel="noreferrer noopener">Top Apple Executive Phil Schiller To Join OpenAI Board As Observer, Giving iPhone Maker Equal Status With Microsoft After Landmark AI Agreement Reached: Report</a>
Epic has communicated its concerns about Apple&#8217;s actions to the European Commission, seeking intervention.
Previously, Epic was barred&nbsp;from selling its products and&nbsp;services on the App Store&nbsp;and briefly lost its<a target="_blank" href="https://www.benzinga.com/news/24/07/39567248/fortnite-could-return-back-to-apple-iphone-as-epic-moves-to-reintroduce-game-via-eu-alternative-app" rel="noreferrer noopener"> developer license for violating Apple&#8217;s rules.</a>
However, after the EU implemented&nbsp;its&nbsp;Digital Markets Act rules, the company regained its developer status.
Apple reversed its decision to ban Epic Games from launching its own app store on iOS in Europe, following <a target="_blank" href="https://www.benzinga.com/general/gaming/24/03/37567854/epic-victory-fortnite-returns-to-ios-in-europe-as-apple-relents-on-eu-ban" rel="noreferrer noopener">pressure from European Union officials.</a>
Apple stock has gained more than 15% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Vanguard Information Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and IShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>).
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Photo via Shutterstock

Eurozone

Fortnite Maker Epic Games Accuses Apple Of Blocking Its Game Store Launch

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) reportedly informed over a dozen Texas state agencies and public universities that Russian state-sponsored hackers accessed their emails through a breach disclosed in January.
The hackers, linked to Russian intelligence services, infiltrated Microsoft&#8217;s systems and stole emails from some company executives, reported <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-28/microsoft-tells-texas-agencies-they-were-exposed-in-russian-hack?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
The affected Texas entities include the Texas Department of Transportation, Texas Workforce Commission, Texas Department of Motor Vehicles, Texas General Land Office, and Texas State Securities Board, the report mentioned.
The attack, attributed to a group known as Midnight Blizzard, has led to ongoing investigations by the state and Microsoft.
Steve Pier, an official with the Texas cybersecurity agency, acknowledged the breach, stating that so far, only routine administrative emails have been exposed, per the report.
Pier emphasized that the state itself was not breached, but Microsoft was, involving some state emails. The Texas Department of Information Resources is assessing the scope of the exposure.
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Microsoft has been notifying affected customers and offering support to mitigate the breach&#8217;s impact. Microsoft told the General Land Office that hackers accessed 11 emails, primarily related to technical support, with no sensitive information compromised.
The breach, attributed to Midnight Blizzard, also known as APT 29 or Cozy Bear, has raised concerns about potential access to sensitive information.
Microsoft stock has gained more than 32% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) and&nbsp;IShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>).
Price Action: MSFT shares are trading higher by 0.40% at $448.73 in premarket at last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: B_A from Pixabay
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Microsoft Hack Exposes Texas Agencies To Russian State-Sponsored Attack: Report

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has introduced Rich Communication Services (RCS) support in its Messages app with the latest update in the iOS 18 second developer beta, marking a major enhancement in <a href="https://www.benzinga.com/topic/iphone">cross-platform messaging capabilities</a>.
RCS allows for advanced messaging features like sending and receiving high-quality images, file sharing, seeing typing indicators, and getting read receipts, which were previously limited to iMessage interactions among Apple devices. 
This update enables iPhone users to communicate more effectively with Android users, as RCS is supported by most Android phones signaling a move towards more inclusive communication technology, reported TechCrunch.
Prior to this update, iPhone users were restricted to sending basic SMS or MMS messages to non-Apple devices. 
The new RCS functionality bridges this gap, allowing rich media exchanges and group chats across different device ecosystems.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/06/39372969/apple-revises-payment-options-reportedly-ends-buy-now-pay-later-service">Apple Revises Payment Options, Reportedly Ends &#8216;Buy Now, Pay Later&#8217; Service</a>
Currently, the RCS feature is available only through major U.S. carriers such as T-Mobile US Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), and Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>).
It is operational only if the carrier supports RCS and has updated their network for iOS 18. Apple has indicated that it plans to expand support to additional regions pending carrier updates.
The integration of RCS in iOS 18 follows Apple&#8217;s announcement at the <a href="https://www.benzinga.com/news/24/06/39239622/apples-ai-strategy-could-trigger-three-year-iphone-sales-boost-says-top-tech-bull-dont-overthink-it">Worldwide Developer Conference earlier this month</a>, highlighting the company&#8217;s efforts to provide more seamless and inclusive communication options across different platforms.
Apple stock has gained more than 12% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Vanguard Information Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and IShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>).
Price Action: AAPL shares are trading higher by 0.82% at $210.64 in premarket at last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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TMUS

Apple Introduces iPhone Update, Improves Texting With Android Users

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/markets/equities/24/06/39454317/nvidia-stock-slides-nearly-2-in-premarket-following-last-weeks-pullback-whats-going-on">gained over 6% </a>on Tuesday after losing a staggering $550 billion in market value since Thursday, June 20. The company had become the most valuable on the planet last week when it reached a market capitalization of $3.46 trillion.
The artificial-intelligence company has risen back to $3.10 trillion by Tuesday after falling 16% since Thursday, settling in as the third most valuable corporation behind Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), which is valued at $3.34 trillion, and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), which holds $3.22 trillion in value.
Concerns about Nvidia's grip on the S&amp;P 500 Index after soaring almost 140% this year have some analysts warning that a large enough sell-off for the chipmaker could spark a broader market slump, the Financial Times <a href="https://www.ft.com/content/7332b1f8-cf7c-4bfa-82f4-88d0deb23f98">reported</a>.
Also read: <a href="https://www.benzinga.com/trading-ideas/technicals/24/06/39482710/nvidia-stock-drops-over-12-in-3-trading-days-indicators-suggest-whats-next">Nvidia Stock Drops Over 12% In 3 Trading Days: Indicators Suggest What&#8217;s Next</a>
"If Nvidia corrects pretty hard in the coming months, it becomes very difficult for the [S&amp;P 500] to keep rising," Barry Bannister, chief equity strategist at Stifel, told FT. &#8220;And Nvidia will decelerate.&#8221;
Shares fell 4% on Monday, following disclosures on Friday that chief executive and co-founder, Jensen Huang, sold almost $95 million worth of the stock in the days around its climb to the world's most valuable company. The trades were part of a previously scheduled Rule 10b5-1 sale plan set up in March, filings show, according to the Financial Times.
Nvidia's fall from Thursday, June 20, to Tuesday has weighed on the broader chipmaking sector, with the PHLX Semiconductor Index (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOX#NASDAQ">SOX</a>) down 2.5% and the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the tech-dominated Nasdaq Composite, was down 0.4% since Thursday.
On Tuesday the iShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>) gained 1.7%, Fidelity MSCI Information Technology Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTEC#NYSE">FTEC</a>) jumped1.4% and First Trust Dow Jones Internet Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDN#NYSE">FDN</a>) rose by 1.4%.
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Photo: Shutterstock

Nvidia Rebounds Over 6% After $550B Market Cap Loss

In a major pivot within its financial services offerings, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) will reportedly discontinue its &#8220;buy now, pay later&#8221; (BNPL) service in the U.S., coinciding with the introduction of a new loan program.
This adjustment is set to redefine how Apple integrates financial solutions into its ecosystem.
The new program, set to launch later this year, will allow users to utilize installment loans through various payment methods including credit and debit cards, directly through Apple Pay, reported Reuters.
Apple emphasized that while the BNPL service, known as Apple Pay Later, will be phased out, existing customers with open loans can continue to manage and repay their loans through the Wallet app.
The service, which was initially rolled out to select users in March of the previous year, offered a payment option of splitting purchases into four equal payments over six weeks, without incurring interest or fees.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39350130/apple-could-partner-with-japanese-firms-like-canon-to-amplify-vision-pros-reach-says-lead-developer" rel="noreferrer noopener">Apple Could Partner With Japanese Firms Like Canon To Amplify Vision Pro&#8217;s Reach, Says Lead Developer</a>
&#8220;This solution will enable us to bring flexible payments to more users, in more places across the globe in collaboration with Apple Pay-enabled banks and lenders,&#8221; stated the company, per the report.
The transition to a more versatile lending model highlights Apple&#8217;s commitment to expanding its financial services footprint worldwide, providing users with more flexible payment options in their financial transactions.
Apple stock has gained more than 17% in the last 12 months. Investors can gain exposure to the stock via Vanguard Information Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and IShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>).
Price Action: AAPL shares are trading higher by 0.57% at $217.91 in premarket at last check Tuesday.
Disclaimer: This content was partially produced with the help of AI, and was reviewed and published by Benzinga editors.
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Photo via Shutterstock

Apple Revises Payment Options, Reportedly Ends 'Buy Now, Pay Later' Service

The technology sector has been the clear leader of the 2024 market rally so far, driven by the artificial intelligence craze, hopes of rate cuts and the rising share of the &quot;Magnificent Seven&quot;. 
The &quot;Magnificent Seven&quot; is the biggest engine of growth for the technology sector. In particular, Apple (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) and Microsoft (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) are racing for the spot of the most valuable company. Last week, Apple reclaimed the most valuable company title, edging out Microsoft, but is unable to sustain the momentum. The iPhone maker currently has a market cap of $3.26 trillion, whereas the software maker boasts $3.29 trillion. 
Apple 
Apple, which was way behind its competitors in adopting AI, is finally catching up following the launch of the latest AI features at its long-anticipated Worldwide Developers Conference. The introduction of numerous AI-powered features is expected to kickstart the next upgrade cycle, enhancing the company&#39;s performance and restoring investor confidence in Apple. 
The iPhone maker unveiled a brand-new AI feature called Apple Intelligence for iPhones, iPads and Macs. The technology will help summarize text, create original images and retrieve the most relevant data when users need it. Apple announced a partnership with ChatGPT-maker OpenAI, which provides customers access to ChatGPT via Siri at no extra cost. 
Apple reported robust second-quarter fiscal 2024 results, beating both earnings and revenue estimates. The tech giant unveiled the largest buyback in the company&#39;s history and lifted its dividend payment. 
Microsoft 
The world&#39;s largest software maker also reported strong third-quarter fiscal 2024 results, beating earnings and revenue estimates, driven by the strong demand for cloud and artificial intelligence offerings. 
Microsoft has invested billions of dollars into AI in a bid to turbocharge its growth, particularly its cloud computing services, and is now reaping the fruits. About 7% of the increase in Azure revenues came from AI. Microsoft CEO Satya Nadella said on the last reported quarter&#39;s earnings call that 65% of Fortune 500 companies are using the Azure service that delivers OpenAI&#39;s technology to businesses. Demand for generative AI will continue to fuel Microsoft&#39;s cloud business. 
Microsoft is now emphasizing AI transformation through its new offerings like Microsoft Copilot. &quot;Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry,&quot; Nadella added.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/36/68985.jpg?v=708911877" /> 
Image Source: Zacks Investment Research
Apple Vs. Microsoft 
Microsoft is leading the way this year, having gained 17.7% versus Apple&#39;s rise of 10.4%. Both stocks currently have a Zacks Rank #3 (Hold) and a Momentum Score of A, along with a solid Zacks Industry Rank in the top 23%. 
Though Microsoft has a Growth Score of B, meaning that it is primed for strong growth, Apple looks relatively cheaper at the current levels as it is trading at a P/E ratio of 32.30 versus 37.60 for Microsoft. Apple&#39;s earnings are expected to grow 7.3% for the fiscal year (ending Sep 2024), lower than the industry average of 30.68%. However, its revenues will likely increase 0.4%, much higher than the industry&#39;s growth of 0.03%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/0a/68986.jpg?v=612629436" /> 
Image Source: Zacks Investment Research
Apple currently has an average brokerage recommendation&nbsp;of 1.75, up from 1.82 a month ago, made by 30 brokerage firms. Of those deriving the current ABR, 18 are Strong Buy and three are Buy. Strong Buy and Buy, respectively, account for 60% and 10% of all recommendations. A month ago, Strong Buy made up 56.67%, whereas Buy represented 10%. 
Meanwhile, Microsoft has an ABR of 1.13 made by 39 brokerage firms. Of these deriving the current ABR, 35 are Strong Buy and three are Buy. Strong Buy and Buy, respectively, account for 89.74% and 7.69% of all recommendations. A month ago, Strong Buy made up 89.47%, whereas Buy represented 7.89%. The company&#39;s earnings and revenues are estimated to grow 19.98% and 15.33%, respectively, for the current fiscal year (ending June 2024), much higher than the average industry growth of 11.50% and 6.67%.
<h3>ETFs to Bet On</h3>
Based on the above discussion, Apple and Microsoft are in a tough battle and investors should include both stocks in their portfolios to tap growth. Good tidings are in the cards for Apple, given its cheap valuation, strong ABR and new AI innovations. Then again, Microsoft is poised for above-average growth, given its solid earnings and growth estimates. 
As such, investors seeking to invest in both companies at the same time could look at Select Sector SPDR Technology ETF (ARCA:XLK), MSCI Information Technology Index ETF (ARCA:FTEC), Vanguard Information Technology ETF (ARCA:VGT) and iShares Dow Jones US Technology ETF (ARCA:IYW). XLK has the largest 44.1% share in both AAPL and MSFT, followed by 33.7% for IYW, 32.8% for FTEC and 32.6% for VGT. All four ETFs sport a Zacks ETF Rank #1 (Strong Buy) and have been hitting new highs lately.
<a href="https://www.zacks.com/stock/news/2289363/tech-etfs-faceoff-apple-vs-microsoft?cid=CS-BENZ-FT-etf_news_and_commentary-2289363">To read this article on Zacks.com click here.</a>

Earnings Beats

Trading Ideas

Tech ETFs Faceoff: Apple Vs Microsoft

Apple Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) has regained its position as the world&#39;s most valuable company, topping Microsoft Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>). This achievement marks a significant milestone, driven by Apple&#39;s recent announcement related to its generative AI initiative called &quot;Apple Intelligence&quot;.
These potential AI initiatives generated optimism about future iPhone generations and likely revenue increases. Apple Intelligence will be available for the iPhone 15 Pro, iPads, and Macs running Apple&#39;s M1 series chips and newer models starting this fall. This could even result in a rebound in iPhone sales following recent declines in fiscal performance.
<h3>Market Capitalization and Recent Performance</h3>
Thanks to investor optimism surrounding its growth prospects, particularly in AI, Apple just logged its best three-day run since 2020, per Bloomberg. Following a robust rally, Apple closed with a market capitalization of $3.285 trillion on Jun 13, 2024, narrowly surpassing Microsoft at $3.282 trillion.
This is the first time since January that Apple has exceeded Microsoft in market value, reflecting recent reshufflings among Wall Street&#39;s top stocks. In fact, earlier in the week, Apple briefly fell behind Nvidia Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) in market capitalization. However, investors have shown confidence in Apple&#39;s potential as a likely AI winner, fueling its recent gains.
<h3>Analyst Insights</h3>
Bank of America analyst Wamsi Mohan highlighted the potential of AI functionalities to drive a significant upgrade cycle for Apple, potentially raising average selling prices and boosting revenue in the coming years, as quoted on Bloomberg.
<h3>Price Target</h3>
Based on short-term price targets offered by 30 analysts, the average price target for Apple comes to $206.96. The forecasts range from a low of $164.00 to a high of $275.00. And the current price of Apple is $214.24.
<h3>What Lies Ahead?</h3>
So far, Apple&#39;s AI initiatives have been well-received by investors. However, stiff competition awaits Apple in the AI space. Stocks with more direct exposure to AI, such as Microsoft, Amazon.com Inc., Alphabet Inc., and Meta Platforms Inc., have shown stronger performance in 2024. Nvidia, in particular, has seen immense gains due to its prominent role in AI development.
Plus, Apple&#39;s association With ChatGPT has received a mixed response. Ben Wood, chief analyst at CCS Insight, and Tesla chief Elon Musk believe that ChatGPT integration may create deeper problems for the firm, as quoted on BBC.
Investors should note that Apple&#39;s competitors have faced several AI hiccups during the initial phase of the rollout. Apple might also experience similar hiccups. Hence, it is better to track the company with the ETF approach. The basket approach minimizes the company-specific concentration risks.
Apple-heavy ETFs include the likes of Technology Select Sector SPDR Fund (ARCA:XLK), iShares Global Tech ETF (ARCA:IXN) and iShares U.S. Technology ETF (ARCA:IYW). Incidentally, these ETFs have solid exposure to Microsoft&mdash;the second-most valuable company and an AI winner.
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