最新ニュース iShares Semiconductor ETF (NASDAQ:SOXX)

iShares Semiconductor ETF

Technology

To pursue its objective, the Fund seeks to track the investment results of the NYSE Semiconductor Index (the Underlying Index), which measures the performance of the equity securities of the 30 largest U.S.-listed companies that are classified according to the ICE Uniform Sector Classification schema within the semiconductors industry (as determined by ICE Data Indices, LLC or its affiliates (collectively Index Provider or IDI)). Constituents must also meet other eligibility criteria determined by the Index Provider, including minimum market capitalization and liquidity requirements. Companies classified within the semiconductors industry include companies that either manufacture materials that have electrical conductivity (semiconductors) to be used in electronic applications or utilize LED and OLED technology. The semiconductors industry also includes companies that provide services or equipment associated with semiconductors such as packaging and testing..

Broadcom Inc Common

Nvidia Corp.

Advanced Micro Devices Inc.

Applied Materials, Inc.

Qualcomm Inc.

Kla Corp.

Monolithic Power Systems Inc

Texas Instruments Inc

Taiwan Semiconductor - Adr

Intel Corp.

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

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iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

先週8月2日に終了した週は、テクノロジースペースが下落し、テクノロジー選択セレクトセクターSPDRファンド（NYSE：XLK）が5%以上下げ、大型株企業の業績を測るS&amp;P500指数を下回った。今週、テック市場を駆りたてた要因と、これらの株が近期および中期に向けて向かっている方向をまとめた。

大型企業株　S&amp;P500株をSPDRファンドが下回る

Taiwan Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a target="_blank" href="https://www.benzinga.com/government/24/08/40554768/taiwan-semiconductor-ramps-up-overseas-investments-with-1-95b-in-subsidies-eyes-long-term-growth" rel="noreferrer noopener">debut plant in</a> Kumamoto, Japan, will start commercializing by the end of 2024.
Sony Group Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) and Denso Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOF#OTC">DNZOF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOY#OTC">DNZOY</a>) will be the Taiwanese contract chipmaker&#8217;s initial customers, Technode <a target="_blank" href="https://technode.com/2024/12/19/tsmcs-kumamoto-plant-to-supply-initial-output-to-sony-and-denso/" rel="noreferrer noopener">cited</a> JASM (Taiwan Semiconductor&#8217;s Japanese subsidiary) President Yuichi Horita from a Taiwanese media outlet.
Horita expects Taiwan Semiconductor&#8217;s production line in Japan to align with the quality of those in Taiwan.
The first Kumamoto plant focuses on 22 nm,28 nm, 12 nm, and 16nm processes, while the second will produce 6 nm and 7nm process chips, as planned.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/24/12/42552200/sony-semiconductor-hits-20-billion-image-sensor-shipments-plans-expansion" rel="noreferrer noopener">Sony Semiconductor Hits 20 Billion Image Sensor Shipments, Plans Expansion</a>
Construction of the second Kumamoto plant will likely begin in the first quarter of 2025, with mass production scheduled by the end of 2027.
The combined monthly production capacity of the two plants will likely exceed 100,000 wafers.
The Japanese government <a target="_blank" href="https://www.benzinga.com/government/regulations/24/11/41939018/japan-increases-semiconductor-funding-as-us-trade-policies-pressure-taiwan-semiconductor" rel="noreferrer noopener">earmarked over $64.9 billion</a> to consolidate its semiconductor and artificial intelligence (AI) positions, taking a cue from the U.S. and China. Taiwan Semiconductor&#8217;s Arizona fab, worth $20 billion, will produce <a target="_blank" href="https://www.benzinga.com/media/24/12/42514266/taiwan-semiconductor-unveils-20-billion-arizona-chip-fab-apple-named-key-customer" rel="noreferrer noopener">4-nanometer chips by 2025</a>.
Currently, 92% of the most advanced chips are made in Taiwan.
Japan&#8217;s semiconductor package totals over 10 trillion yen and aims to drive public and private investment of over 50 trillion yen by fiscal 2030.
Taiwan Semiconductor is eyeing a second facility in Japan&#8217;s Kumamoto, following its initial $8.6 billion wafer factory in the region. The company plans to invest $13.5 billion in the project.
The chipmaker is also plotting a third high-tech chip production facility worth $20 billion in Kumamoto to manufacture 3 nm chips.
Taiwan Semiconductor chair and CEO&nbsp;C.C. Wei <a target="_blank" href="https://www.benzinga.com/24/12/42507816/taiwan-semiconductor-ceo-highlights-ai-powered-drones-next-gen-robots-as-growth-drivers" rel="noreferrer noopener">expects advanced robots</a> and AI-powered drones to be key growth drivers.
Taiwan Semiconductor stock surged 92% year-to-date.
Investors can gain exposure to the semiconductor sector through VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: TSM stock closed higher by 1.32% to $197.21 on Friday.
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Taiwan Semiconductor Expands in Japan: Sony and Denso Among First Customers

Wall Street inched marginally higher during Wednesday morning trading in New York, with traders remaining on edge ahead of the eagerly anticipated Federal Reserve meeting scheduled for 2 p.m. ET, followed by Fed Chair Jerome Powell&#8216;s press conference <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42554114/all-eyes-on-december-fed-meeting-as-traders-await-interest-rate-projections">at 2:30 p.m. ET.</a>
The Fed is widely expected to reduce interest rates by 25 basis points to a target range of 4.25%-4.50%. Yet, the market&#8217;s reaction is likely to hinge on the updated economic projections and Powell&#8217;s commentary on future policy direction.
The semiconductor sector rebounded strongly, with the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) climbing 0.9% after a 1.6% dip on Tuesday. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) surged 3.6%, on track to mark its best single-day gain in a month and to snap a four-day losing streak. The jump followed Nvidia&#8217;s announcement of a new $249 Jetson computer for AI applications, significantly cheaper than its predecessor priced at $499.
In currency markets, the U.S. dollar edged 0.2% higher, with the DXY index breaking above 107, its highest level in three weeks. Treasury yields were steady, with the 10-year yield holding at 4.40% as traders awaited the Fed&#8217;s decision.
Commodities presented a mixed picture: gold slipped 0.4%, while WTI crude gained 1.2%, supported by a larger-than-expected drawdown in U.S. crude inventories.
The cryptocurrency market took a breather after recent strong gains, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) down 1.8%, trading below the $105,000 mark.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,597.75</td>
<td>0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,063.18</td>
<td>0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,337.19</td>
<td>0.1%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>22,010.91</td>
<td>0.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:10 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121824&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.2% to $605.62.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.4% to $437.08.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) held steady at $535.84.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) edged 0.2% up to $231.42.</li>
<li>The&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up by 0.4%; the&nbsp;Real Estate Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) lagged, down 0.4%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) rose 2.4% ahead of its fiscal first-quarter earnings report. Analysts anticipate adjusted earnings of $1.76 per share on revenue of $8.7 billion for the quarter.</li>
<li>Stocks reacting to earnings reports included General Mills Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>), down 3%; Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>), up 9.6% and Heico Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>), down 8.7%.</li>
</ul>
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Stocks Inch Up Ahead Of Fed Decision, Nvidia Set To Snap Four Straight Losses, Bitcoin Slips: What's Driving Markets Wednesday?

As markets brace for the Federal Reserve's final policy meeting of the year, scheduled at 2:00 p.m. Wednesday, Goldman Sachs highlighted 20 exchange-traded funds (ETFs) that have historically shown outsized <a href="https://www.benzinga.com/topic/federal-reserve">moves around Fed decision days</a>.
While a 25-basis-point rate cut to a target range of 4.25%-4.50% is widely anticipated, the market's focus is on the Fed's forward guidance, particularly the Summary of Economic Projections (SEP) and the updated &#8220;dot plot.&#8221;
Following December's expected cut, Goldman Sachs projects a more measured pace of easing next year, forecasting rate cuts in March, June, and September, with the terminal rate seen at 3.50%-3.75%.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42554114/all-eyes-on-december-fed-meeting-as-traders-await-interest-rate-projections">All Eyes On December Fed Meeting As Traders Await Interest Rate Projections</a>
<h3 class="wp-block-heading">Market Dynamics Around Fed Days</h3>
U.S. equity markets have displayed strong short-term gains during Fed meeting weeks in 2024. 
Investors employing a simple strategy of buying the S&amp;P 500 index at market close before a Federal Open Market Committee (FOMC) announcement and selling at close the following day have captured median returns of 1.1% across the past seven meetings.
Yet those extending the trade horizon to 15 sessions post-Fed meeting have enjoyed significantly larger average gains of 3.29%, more than double the short-term returns. Notably, every Fed meeting this year has resulted in positive 15-day returns.
"We observe that U.S. banking ETFs, such as SPDR S&amp;P Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBE#NYSE">KBE</a>) and SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>), have seen unusually large moves on FOMC days since 2022" Goldman analysts wrote in a recent note.
For bond-focused investors, the report highlights consistent post-meeting gains in high-yield and investment-grade ETFs like iShares iBoxx $ High Yield Corporate Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HYG#NYSE">HYG</a>) and iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LQD#NYSE">LQD</a>).
Meanwhile, energy-focused ETFs, such as the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), have seen negative reactions. 
<h3 class="wp-block-heading">ETFs Showing Heightened Fed-Day Moves</h3>
Here's Goldman Sachs' list of 20 ETFs with the largest absolute moves – which include both positive and negative swing – on FOMC days:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>ETF Name</th>
<th>Focus</th>
<th>Average Absolute Move on FOMC since 2022</th>
<th>Average Absolute Move (Last 3 FOMC events)</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPDR S&amp;P Regional Banking ETF </td>
<td>Regional Banking</td>
<td>2.5%</td>
<td>1.5%</td>
</tr>
<tr>
<td>VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>)</td>
<td>Semiconductor</td>
<td>2.4%</td>
<td>3.7%</td>
</tr>
<tr>
<td>iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>)</td>
<td>Semiconductor</td>
<td>2.4%</td>
<td>3.3%</td>
</tr>
<tr>
<td>SPDR S&amp;P Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBE#NYSE">KBE</a>)</td>
<td>US Large Banks</td>
<td>2.2%</td>
<td>1.3%</td>
</tr>
<tr>
<td>SPDR S&amp;P Biotech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XBI#NYSE">XBI</a>)</td>
<td>Biotech</td>
<td>2.0%</td>
<td>0.3%</td>
</tr>
<tr>
<td>United States Oil Fund </td>
<td>Oil</td>
<td>1.9%</td>
<td>2.0%</td>
</tr>
<tr>
<td>Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>Technology</td>
<td>1.9%</td>
<td>2.3%</td>
</tr>
<tr>
<td>iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>)</td>
<td>Silver</td>
<td>1.7%</td>
<td>2.4%</td>
</tr>
<tr>
<td>Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)</td>
<td>Nasdaq 100</td>
<td>1.7%</td>
<td>1.7%</td>
</tr>
<tr>
<td>Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>Discretionary</td>
<td>1.6%</td>
<td>1.0%</td>
</tr>
<tr>
<td>iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>)</td>
<td>Russell 2000</td>
<td>1.5%</td>
<td>0.3%</td>
</tr>
<tr>
<td>SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)</td>
<td>S&amp;P 500</td>
<td>1.2%</td>
<td>0.9%</td>
</tr>
<tr>
<td>Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>)</td>
<td>S&amp;P 500</td>
<td>1.2%</td>
<td>0.9%</td>
</tr>
<tr>
<td>Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>Financial</td>
<td>1.1%</td>
<td>0.7%</td>
</tr>
<tr>
<td>SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)</td>
<td>Gold</td>
<td>0.9%</td>
<td>1.4%</td>
</tr>
<tr>
<td>iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMB#NASDAQ">EMB</a>)</td>
<td>EM Bond</td>
<td>0.8%</td>
<td>0.6%</td>
</tr>
<tr>
<td>iShares iBoxx $ High Yield Corporate Bond ETF </td>
<td>HY Corp Bond</td>
<td>0.6%</td>
<td>0.3%</td>
</tr>
<tr>
<td>iShares iBoxx $ Investment Grade Corporate Bond ETF </td>
<td>IG Corp Bond</td>
<td>0.6%</td>
<td>0.7%</td>
</tr>
<tr>
<td>iShares 7-10 Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEF#NASDAQ">IEF</a>)</td>
<td>7-10 Year Treasury</td>
<td>0.6%</td>
<td>0.7%</td>
</tr>
<tr>
<td>iShares TIPS Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIP#NYSE">TIP</a>)</td>
<td>TIPS Bond</td>
<td>0.5%</td>
<td>0.4%</td>
</tr>
<tr>
<td>Average</td>
<td></td>
<td>1.5%</td>
<td>1.3%</td>
</tr>
</tbody>
</table>
</figure>
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20 ETFs Primed For Unusually Big Swings On Fed Meeting Days

The stock market edged lower by midday Tuesday as investors treaded cautiously ahead of the Federal Reserve&#8217;s policy <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42514008/fed-poised-to-cut-interest-rates-by-0-25-this-week-heres-why-your-focus-should-shift-to-other-signals">decision scheduled for Wednesday.</a>
Although a rate cut appeared widely priced in—with Fed Funds futures assigning a 96% probability—investors are fully focused on the Fed's forward guidance and Chair Jerome Powell&#8216;s remarks, particularly in light of recent robust economic data.
November's retail sales data showed an unexpected rebound, rising 0.7% month-over-month, surpassing expectations of 0.5%. On an annual basis, sales climbed 3.8%, the fastest pace since December 2023, driven by strong auto sales growth.
Semiconductor stocks led the downturn amid renewed geopolitical tensions following reports that China is broadening antitrust scrutiny on U.S. chipmakers&#8217; acquisitions in recent years. Last week, Beijing launched an investigation into Nvidia Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) 2019 acquisition of Mellanox Technologies.
The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) declined 1.5%, weighed down by sharp losses in major chip stocks. Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) dropped over 5%, while Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) plunged over 8%.
By midday, the major U.S. indices were in negative territory. The S&amp;P 500 slipped 0.4%, the Dow Jones Industrial Average fell 0.6%, and the Nasdaq 100 declined 0.4%.
Both the U.S. dollar and Treasury yields remained steady, reflecting cautious positioning by institutional investors.
In commodities, gold dipped 0.3%, while natural gas and oil prices fell 2% and 1%, respectively, signaling continued weakness in the energy sector.
Cryptocurrencies continued to outperform. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) climbed 1.3% to surpass $107,000, reaching a market capitalization of $2.13 trillion. The total cryptocurrency market value rose to $3.68 trillion, a new record high. 
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day Chg %</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,050.50</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>22,000.37</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,443.08</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,345.01</td>
<td>-0.7%</td>
</tr>
</tbody>
</table>
</figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121624&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.4% to $604.65.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;eased 0.6% to $435.75.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.4% to $536.21.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dipped 1% to $232.10.</li>
<li>The&nbsp;Consumer Discretionary Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up by 0.2%; the&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged for the second straight session, down 1.3%.</li>
</ul>
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>
<ul>
<li>Amer Sports Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) rallied 5.7% after UBS analysts raised the stock price target from $27 to $37. </li>
<li>Amentum Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMTM#NYSE">AMTM</a>) tumbled by over 11% in reaction to its earnings reports, with the company highlighting pessimistic guidance for 2025.</li>
</ul>
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</ul>
Photo: Shutterstock

Large Cap

AMTM

AVGO

MRVL

Stocks Slip Ahead Of Fed Meeting, Chipmakers Suffer From China's Threat, Bitcoin Spikes Above $107,000: What's Driving Markets Tuesday?

On Tuesday, ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) and tier-one automotive supplier Denso Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOF#OTC">DNZOF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOY#OTC">DNZOY</a>) announced that they are strengthening their long-term relationship to support the procurement of autonomous driving (AD) and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42522062/onsemi-and-denso-collaborate-for-a-strengthened-relationship" rel="noreferrer noopener">advanced driver assistance systems (ADAS) technologies</a>.
ON Semiconductor has supplied Denso with the latest intelligent automotive sensors to enhance ADAS and AD performance for over a decade.
These semiconductors have become increasingly vital in improving vehicle intelligence, including connectivity, to help reduce traffic accident fatalities.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42520765/super-micro-drops-below-50-day-average-faces-nasdaq-100-removal-just-months-after-entry" rel="noreferrer noopener">Super Micro Drops Below 50-Day Average, Faces Nasdaq 100 Removal Just Months After Entry</a>
Denso President Shinnosuke Hayashi emphasized the importance of a strong supply chain for critical materials like semiconductors, noting that Denso, the world&#8217;s second-largest supplier of automotive systems and parts, relies on this to deliver innovative products to customers.
He highlighted the need for collaboration with industry leaders like ON Semiconductor, which has advanced vehicle safety and autonomy through intelligent sensing technologies while providing reliable supply assurance.
Denso intends to acquire ON Semiconductor stock on the open market as a mark of their collaboration.
Bank of America analyst Vivek Arya identified ON Semiconductor among his top picks for 2025, projecting a <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42516826/nvidia-and-5-other-stocks-are-analysts-top-semiconductor-picks-for-2025-sees-2-ai-trends" rel="noreferrer noopener">recovery from cyclical trends</a>. He expects the automotive and industrial sectors to drive significant semiconductor demand in the latter half of the year.
Arya anticipates that in the first half of 2025, investments in artificial intelligence (AI) will continue to surge, driven by AI training and model scaling. He notes that cloud customers will likely accelerate the deployment of Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell architecture during this period.
Regarding the CHIPS Act, Arya expects the legislation, enacted under President Joe Biden, to remain in effect following President-elect Donald Trump&#8217;s inauguration. He projects that the remaining funding will be distributed in 2025, substantially supporting the U.S. semiconductor industry.
After ON Semiconductor&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41603256/on-semiconductors-q3-solid-analyst-highlight-l-shaped-recovery" rel="noreferrer noopener">third-quarter print</a>, Needham analyst Quinn Bolton projected an L-shaped recovery for the company through the first half of 2025. Datacenter opportunities will gain traction as key design wins ramp up next year.
Goldman Sachs analyst Toshiya Hari, Benchmark analyst David Williams, and JP Morgan analyst Harlan Sur flagged China&#8217;s EV market strength and silicon carbide (SiC) growth.
Investors can gain exposure to stocks of companies that manufacture semiconductors through the VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: ON stock closed higher by 0.72% at $66.44 on Monday.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42514620/googles-veo-2-and-imagen-3-set-new-standards-for-ai-creativity" target="_blank" rel="noreferrer noopener">Google&#8217;s Sora Rival &#8211; DeepMind Introduces New Video Generation Tool</a></li>
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ON Semiconductor and Denso Team Up to Boost Self-Driving Tech

The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) had a rocky year. While semiconductors at large posted historic gains through 2024&#8217;s first half, they <a href="https://www.benzinga.com/news/24/09/40754938/semiconductor-etfs-take-a-beating-dragged-lower-by-nvidia-amd-and-broadcom-stocks">erased much of their gains</a> in the late summer and fall. One industry analyst is optimistic about the industry&#8217;s prospects in 2025.
The Semiconductor Analyst: Bank of America analyst Vivek Arya named six of his top semiconductor picks for 2025:
<ul>
<li>NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a price target of $190.</li>
<li>Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) with a price target of $250.</li>
<li>Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) with a price target of $140.</li>
<li>Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a price target of $92.</li>
<li>ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) with a price target of $90.</li>
<li>Cadence Design Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a price target of $365.</li>
</ul>
The <a href="https://www.benzinga.com/top-stories/24/12/42511580/microchip-technology-faces-multiple-headwinds-heading-into-2025-turns-analyst-bearish">analyst also downgraded</a> Microchip Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>).
The AI Boom: Arya cited Nvidia, Broadcom and Marvell as the leaders in AI. He says Lam Research&#8217;s capital expenditures will recover in 2025 along with the reduction of China headwinds. The analyst also thinks ON Semiconductor will recover from cyclical trends while Cadence Design will benefit from its resiliency.
The analyst sees the semiconductor industry&#8217;s upcycle lasting into 2025. He noted that past bullish cycles have lasted, on average, roughly 10 quarters, while current bullishness has only lasted five quarters.
Arya sees two major trends affecting the industry in 2025.
&#8220;In the first half, we expect the AI investments driven by AI training and scaling of models to continue, doubling down on the Nvidia Blackwell deployment ramps driven by cloud customers,&#8221; the analyst said. &#8220;At the same time, we expect trends for non-AI end markets to remain weak throughout 1H.&#8221;
Arya expects the CHIPS Act, enacted under President Joe Biden, to remain in place following the inauguration of President-elect Donald Trump. He expects all remaining funding to be dispensed in 2025.
The analyst sees the automotive and industrial industries as fueling semiconductor demand in the year&#8217;s second half.
&#8220;In the second half, we expect a pickup in auto/industrial semis as customer/channel inventories normalize (replenishment + easy comps), as well as a pickup in global auto production,&#8221; Arya said.
The analyst projected electric vehicle sales to reaccelerate 29% year-over-year.
Also Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/12/42513306/elon-musks-tesla-nearly-5-times-more-expensive-than-industry-average-stock-surges-over-60-since-election">Elon Musk&#8217;s Tesla Nearly 5 Times More Expensive Than Industry Average: Stock Surges Over 60% Since Election</a></li>
</ul>
Photo: Shutterstock

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Reiteration

Analyst Ratings

CDNS

LRCX

MCHP

Nvidia And 5 Other Stocks Are Analyst's Top Semiconductor Picks For 2025, Sees 2 AI Trends

<a href="https://www.nytimes.com/2024/12/16/business/economy/biden-china-chips-investigation.html" title="https://www.nytimes.com/2024/12/16/business/economy/biden-china-chips-investigation.html">https://www.nytimes.com/2024/12/16/business/economy/biden-china-chips-investigation.html</a>

Politics

Global

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ASML

NXPI

QCOM

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"Biden Prepares To Target Chinese Legacy Chips With Trade Investigation; The Investigation Could Result In Tariffs On Older Types Of Chips From China, Though The Decision Would Ultimately Fall To Trump" - NY Times

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) chair and CEO C.C. Wei expects next-generation robots and artificial intelligence-powered drones to serve as key catalysts for growth and <a href="https://www.benzinga.com/topic/innovation">innovation in the tech sector</a>.
According to <a href="https://asia.nikkei.com/Business/Tech/Semiconductors/TSMC-chief-says-robots-and-AI-drones-to-drive-tech-innovation">Nikkei Asia</a>, Wei made the comments at a Taiwan tech conference on Monday. He also flagged the need to integrate hardware and software to power the next generation of AI devices.
The Taiwanese contract chipmaker&#8217;s first Japan fab is on track for commercialization by 2024-end.
Also Read: <a href="https://www.benzinga.com/government/regulations/24/12/42484240/apples-airpods-production-shifts-to-india-foxconn-will-begin-manufacturing-in-2025" target="_blank" rel="noreferrer noopener">Apple&#8217;s AirPods Production Shifts To India &#8211; Foxconn Will Begin Manufacturing In 2025</a>
Taiwan Semiconductor stock surged 98% year-to-date, as it is the chief contract chipmaker for Big Techs, including Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
Taiwan Semiconductor is producing Proxima, the chip set to power Apple&#8217;s first in-house connectivity <a href="https://www.benzinga.com/24/12/42487128/apples-2025-chip-transition-targets-new-wireless-edge-broadcom-to-retain-key-role" target="_blank" rel="noreferrer noopener">products in 2025</a>. Apple plans to transition to in-house chips for Bluetooth and Wi-Fi connectivity starting in 2025.
Nvidia is considering producing the front-end process of Blackwell AI chips at <a target="_blank" href="https://www.benzinga.com/24/12/42336825/nvidia-could-become-taiwan-semis-3rd-us-plant-customer" rel="noreferrer noopener">Taiwan Semiconductor&#8217;s Arizona plant</a>. Countries, including the U.S. and Europe, are consolidating their semiconductor base to reduce their dependence on China, whose semiconductor supply chain was hit by the 2020 pandemic outbreak, triggering a supply crisis for semiconductor chips for electronic gadgets and cars.
The International Data Corp (IDC) expects Taiwan Semiconductor to post a ~25% revenue increase in 2025, driven by advancements in artificial intelligence (AI) applications and <a target="_blank" href="https://www.benzinga.com/24/12/42480928/taiwan-semi-set-to-command-67-foundry-market-share-idc" rel="noreferrer noopener">crypto mining technologies</a>.
IDC projects the global semiconductor industry will expand by 15%, with the international foundry market growing by 20% in 2025. The forecast also suggests Taiwan Semiconductor will capture a 67% share of the global foundry market in 2025, a 300 basis-point increase from the previous year.
Investors can gain exposure to companies that manufacture semiconductors through the VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action:&nbsp;TSM stock closed higher by 4.98% at $200.99 at Friday.
Now Read:
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<li><a href="https://www.benzinga.com/media/24/12/42482813/intel-cfo-hints-at-possible-division-split-as-company-struggles-to-recapture-moat" target="_blank" rel="noreferrer noopener">Intel CFO Hints at Possible Division Split as Company Struggles To Recapture Moat</a></li>
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Image: Shutterstock

Taiwan Semiconductor CEO Highlights AI-Powered Drones, Next-Gen Robots As Growth Drivers

The U.S. stock market lacked direction on Tuesday morning as investors stayed on the sidelines ahead of Wednesday&#8217;s release of November inflation data, a critical report that could influence the Federal Reserve&#8217;s decision on a potential interest <a href="https://www.benzinga.com/topic/interest-rates">rate cut next week.</a>
Large-cap indices hovered near unchanged levels, while small caps slightly outperformed, with the Russell 2000 up 0.3%. 
Notable strength was seen in discretionary and communication services, buoyed by impressive gains in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>).
Tesla shares surged 4.7%, bringing the electric vehicle maker within striking distance of its all-time high set in November 2021. Alphabet Inc. rallied 4.9% after the tech giant announced the launch of its Willow quantum chip, which boasts an impressive 105 qubits. 
While some major tech names rallied, the broader tech sector faced headwinds, particularly semiconductors, which were weighed down by weaker-than-expected earnings, disappointing Chinese trade data and lingering concerns over U.S. trade restrictions and tariffs.
The broader iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) fell 2.1%, eyeing its worst day since mid November. 
The cryptocurrency market took a negative turn, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) falling 2.8% to trade below $95,000. This followed a 3.7% decline on Monday, signaling mounting pressure in the digital asset space. 
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) plummeted 3.7% after a 7.3% drop on Monday. 
Commodities broadly gained. Gold prices rallied 1.3% as investors sought safe-haven assets, while crude oil gained 0.9%. 
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,399.04</td>
<td>0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,431.79</td>
<td>0.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,049.48</td>
<td>-0.1 %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,366.30</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:20 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120224&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) flattened at $604.29.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;held steady at $444.91.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.1% lower to $522.16.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.3% to $238.38.</li>
<li>The&nbsp;Communication Services Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, rising 1.6%; the&nbsp;Real Estate Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) lagged, down 1.3%.</li>
</ul>
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>
<ul>
<li>Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) saw its stock rise 5.6% after resuming 737 MAX production with 33,000 workers and plans to build 38 planes monthly to fulfill over 4,200 orders. </li>
<li>Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) fell nearly 8% after slightly missing Street&#8217;s earnings and revenue estimates last quarter. </li>
<li>Other stocks reacting to earnings reports included MongoDB Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>), down over 15%, Toll Brothers Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>), down 6%, AutoZone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>), up 1.9% and Ferguson Enterprises Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>), down 9%. </li>
<li>Gamestop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) was 1.7% lower before its third-quarter earnings report, which is scheduled for after the close.</li>
<li>Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) is negotiating a $7.5 billion sale to Sycamore Partners, sending shares up 27% to $11.20.</li>
</ul>
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42416922/us-small-business-optimism-soars-to-highest-level-in-over-three-years-election-results-signal-a-major-shift">US Small Business Optimism Hits 3-Year High As Election Results &#8216;Signal A Major Shift&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Asia

Mid Cap

Small Cap

$ETH

FERG

GOOGL

ORCL

TSLA

Wall Street Struggles For Direction, Tesla Flirts With Record Highs, Bitcoin Tumbles Below $95,000: What's Driving Markets Tuesday?

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) reported a topline growth of 34% year-on-year to $8.55 billion <a target="_blank" href="https://pr.tsmc.com/english/news/3195" rel="noreferrer noopener">in November 2024</a>.
Revenue for January through November 2024 grew by 31.8% year over year to $81.05 billion, testimony to the continued artificial intelligence frenzy.
The contract chipmaker&#8217;s <a target="_blank" href="https://www.benzinga.com/media/24/12/42397029/taiwan-semiconductor-extends-lead-as-top-chipmaker" rel="noreferrer noopener">market share grew</a> to 64.9%, up from 62.3% Q/Q, helping it retain the top position in the global wafer foundry business. This is due to the smartphone and AI-related&nbsp;demand for its 3nm and 5nm technologies thanks to clients like Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42397333/google-quantum-ais-willow-chip-outsmarts-supercomputers-completing-tasks-in-minutes-that-would-take-10-septillion-years" rel="noreferrer noopener">Google Quantum AI&#8217;s New Willow Chip Can Do in Minutes That Supercomputers Would Take 10 Septillion Years</a>
<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/2024/12/10032041/newplot-1-2.png" alt="" class="wp-image-684648" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10032041/newplot-1-2.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10032041/newplot-1-2-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Taiwan Semiconductor&#8217;s performance reflects the chipmaker&#8217;s production capacity utilization and wafer shipment boost.
Meanwhile, Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) bore the brunt of competition from Chinese rivals for advanced technology, with its market share falling to 9.3% in the quarter, down from 11.5% Q/Q.
Taiwan Semiconductor stock is up over 96% year-to-date. The chipmaker is extending its footprint beyond Taiwan to help countries develop their semiconductor moat instead of depending solely on China.
Recent reports indicated Nvidia is <a target="_blank" href="https://www.benzinga.com/24/12/42336825/nvidia-could-become-taiwan-semis-3rd-us-plant-customer" rel="noreferrer noopener">exploring the production</a> of the Blackwell AI chips at Taiwan Semiconductor&#8217;s Arizona plant. Apple and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) are already customers of Arizona&#8217;s Taiwan Semiconductor chip plant.
The chipmaker has manufactured Nvidia&#8217;s Blackwell chips in its Taiwan facilities, where its chip-on-wafer-on-substrate (CoWoS) capacity exists.
Taiwan Semiconductor has maintained its key advanced technology production facilities in Taiwan, which renders it vulnerable to geopolitical risks.
Investors can gain exposure to Taiwan Semiconductor through iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) and First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDIV#NASDAQ">TDIV</a>).
Price Action: TSM stock closed lower by 0.36% at $198.45 premarket at the last check on Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42396941/broadcom-likely-for-upside-backed-by-ai-pipeline-market-recovery-vmware-synergy-as-key-ai-semiconductor-and-custom-chip-supplier" target="_blank" rel="noreferrer noopener">Broadcom Likely For Upside Backed By AI Pipeline, Market Recovery, VMWare Synergy: Analyst</a></li>
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Image via Shutterstock

Earnings

SSNLF

TDIV

Taiwan Semi November Revenue Ups 34% Strengthened by AI and Smartphone Demand

Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) surged over 5% on Friday, marking its strongest one-day rally in three months and significantly outperforming the broader semiconductor sector as the iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) posted a <a href="https://www.benzinga.com/topic/semiconductor">modest gain of 0.6%. </a>
The semiconductor giant announced on Thursday its cutting-edge 3.5D eXtreme Dimension System in Package (XDSiP) platform technology. 
This breakthrough positions Broadcom as a leader in enabling next-generation custom accelerators (XPUs) for artificial intelligence applications. 
By integrating over 6,000 mm² of silicon and up to 12 high-bandwidth memory (HBM) stacks into a single device, the 3.5D XDSiP achieves high-efficiency, low-power computing designed to meet the demands of large-scale AI systems. The technology also marks the industry debut of Face-to-Face (F2F) 3.5D XPU, a significant milestone in semiconductor packaging.
&#8220;3.5D integration, which combines 3D silicon stacking with 2.5D packaging, is poised to become the technology of choice for next-generation XPUs in the coming decade,&#8221; the company stated. 
Yet, other than investor enthusiasm driven by both technological innovation, Broadcom's sharp rally also stands out as a sign of favorable seasonal trends.
<h1 class="wp-block-heading">Broadcom Historically Surged In December</h1>
Beyond the innovation buzz, historical data suggests Broadcom could be gearing up for a strong finish to the year.
Over the past 15 years, the period between Dec. 6 and Dec. 31 has proven highly favorable for the stock. 
Broadcom delivered positive returns in 12 of those 15 years, with an average gain of 8.4% during this stretch, as data from Seasonax platform shows. 
The most remarkable performance occurred in 2020 when the stock skyrocketed 20.7% in the same timeframe. Only three times — 2011, 2012, and 2015 — did Broadcom post losses in this period.
Investors appear to be eyeing a repeat of Broadcom's historical outperformance, particularly as AI-driven innovation and seasonal tailwinds build a compelling narrative for further gains. 
With December already off to a strong start, momentum could carry Broadcom higher as the year-end rally takes shape.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42369266/meta-reddit-stocks-climb-record-highs-as-tiktoks-battle-against-us-ban-continues-after-court-ruling">TikTok Loses Court Appeal Against Ban, Meta, Reddit Stocks Hit All-Time High</a></li>
</ul>
Photo: Shutterstock

Broadcom Notches Strongest Session In 3 Months: Why Seasonal Trends May Bolster Year-End Gains

SinoPac Financial Holdings chief economist Jack Huang expects chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) to grow its business by 20% in 2025. 
What Happened: Huang <a href="https://www.taipeitimes.com/News/biz/archives/2024/12/06/2003828030" target="_blank" rel="noreferrer noopener">said</a> Wednesday that Taiwan Semiconductor could also be pivotal to an expected Taiex rally in the first half of 2025.
Taiex is the benchmark weighted index on the Taiwan Stock Exchange (TWSE).
Taiwan Semiconductor will continue to capitalize on the demand frenzy for electronics used in artificial intelligence (AI) applications, leading to the surge in the Taiwanese stock index.
Also Read: <a href="https://www.benzinga.com/24/12/42299694/intels-new-ceo-change-unlikely-to-help-gain-traction-versus-taiwan-semi-nvidia-analysts-say" target="_blank" rel="noreferrer noopener">Intel&#8217;s New CEO Change Unlikely To Help Gain Traction Versus Taiwan Semi And Nvidia: Analysts</a>
Huang told the Taipei Times that he expects a 2025 GDP growth of 2.96% for Taiwan, factoring in global economic uncertainties as US President-elect Donald Trump takes charge and implements the tariffs.
Sharon Lin of SinoPac Securities shares a similar sentiment, expecting tariffs to fuel inflation and dampen the chances of a US Fed rate cut in 2025.
SinoPac Financial expects the US dollar to hold up despite Trump&#8217;s protectionist practices, which are a tailwind for export-oriented economies, including Taiwan.
Reportedly, Taiwan Semiconductor accounts for 36% of <a href="https://www.benzinga.com/government/24/10/41140484/taiwan-semiconductor-has-soared-96-but-geopolitical-risks-persist">Taiwan's index weighting</a>.
<a target="_blank" href="https://www.benzinga.com/24/12/42336825/nvidia-could-become-taiwan-semis-3rd-us-plant-customer" rel="noreferrer noopener">Recent reports indicated</a> Taiwan Semiconductor is considering producing the front-end process of Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell AI chips at the contract chipmaker&#8217;s Arizona plant. Taiwan Semiconductor&#8217;s current Arizona plant customers include&nbsp;Apple&nbsp;Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and&nbsp;Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>).
Taiwan Semiconductor is expanding its footprint beyond its hometown to help countries consolidate their semiconductor supply chain and reduce dependence on China. However, the chipmaker insists on maintaining its hometown&#8217;s key advanced production facilities.
Investors can gain exposure to the semiconductor index through VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: TSM stock is down 1.02% at $202.21 at last check Friday.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42363171/uber-and-weride-come-together-to-launch-robotaxi-service-in-abu-dhabi" target="_blank" rel="noreferrer noopener">Uber And WeRide Partner For Robotaxi Service In Abu Dhabi</a></li>
</ul>
Image: Shutterstock

Chipmaker Taiwan Semiconductor Should See Business Grow 20% Fueled By AI Demand: Analyst

Microchip Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) halted its application for U.S. semiconductor grants, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-12-03/microchip-pauses-chips-act-application-after-scaling-back-plans?srnd=phx-technology&amp;sref=TBDibEcD" rel="noreferrer noopener">cited</a> chief Steve Sanghi at a UBS conference Tuesday.
The chipmaker was a contender for $162 million in grants from the Chips Act.
Microchip stock plunged 29% year-to-date, emerging as one of the dampeners in the Philadelphia Stock Exchange Semiconductor Index.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42324175/applovin-likely-for-upside-from-ai-frenzy-higher-ad-budgets-analyst" rel="noreferrer noopener">Applovin Set To Capitalize On AI Frenzy, Ad Growth, Analyst Cautions On Near-Term Volatility</a>
Multiple Wall Street analysts <a target="_blank" href="https://www.benzinga.com/quote/MCHP/analyst-ratings" rel="noreferrer noopener">slashed their price targets</a> on the stock in November and December after its second quarterly print failed to impress the Street. Then CEO Ganesh Moorthy highlighted macro weakness for manufacturing businesses, including European Industrial and Automotive businesses.
The struggling chipmaker had to downsize its workforce twice at facilities in Oregon.
Earlier this week, Microchip slashed its third-quarter revenue guidance and announced restructuring plans, including closing its Tempe, Arizona, wafer fabrication facility, which will affect 500 workers.
Sanghi expects its December 2024 revenue to be close to the <a target="_blank" href="https://www.benzinga.com/news/guidance/24/12/42291157/microchip-slashes-q3-revenue-guidance-issues-restructuring-plan" rel="noreferrer noopener">low end of $1.025 billion</a> (down from the prior outlook of $1.025 billion-$1.095 billion) versus the analyst consensus of $1.090 billion due to slower turn orders than anticipated.
Sanghi cited high inventory levels and overcapacity as the reason for the facility&#8217;s shutdown, which could generate annual cash savings of $90 million.
He justified withdrawing from the U.S. subsidies, citing their minuscule contribution to factory costs and the commercial sense behind the facility&#8217;s construction.
Microchip&#8217;s downward guidance revision followed the U.S.&#8217;s third semiconductor embargo on China, which affected advanced chip equipment manufacturers. China retaliated by <a target="_blank" href="https://www.benzinga.com/news/global/24/12/42303132/china-retaliates-against-us-chip-sanctions-tightens-mineral-exports" rel="noreferrer noopener">exercising tighter controls</a> on the export of critical minerals used in&nbsp;advanced chip manufacturing, including gallium, germanium, and antimony.
Investors can gain exposure to Microchip through iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) and First Trust Nasdaq Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXL#NASDAQ">FTXL</a>).
Price Action: MCHP stock is down 3.38% at $59.56 at the last check on Thursday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/12/42323943/amazon-emerges-as-top-analyst-pick-after-impressive-us-e-commerce-cyber-week-sales-growth" target="_blank" rel="noreferrer noopener">Amazon Emerges As Top Analyst Pick In Holiday Season</a></li>
</ul>

Government

Regulations

Movers

FTXL

Struggling Chipmaker Microchip Hits Pause On Biden Semiconductor Subsidy

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), along with other chip stocks, are trading higher Wednesday in sympathy with Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) bearing testimony to the interconnectivity of the semiconductor ecosystem.
On Tuesday, Marvell reported upbeat third-quarter results. The quarterly revenue grew 7% to $1.52 billion, topping the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/12/42302752/marvell-technology-stock-climbs-after-better-than-expected-q3-results-strong-q4-guidance" rel="noreferrer noopener">consensus estimate of $1.46 billion</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42301391/marvell-reveals-latest-offering-to-scale-accelerated-infrastructure" rel="noreferrer noopener">Marvell Unveils New Platform, Targets Growing AI Bandwidth Demands</a>
This demonstrates the growing demand for the company&#8217;s custom artificial intelligence silicon programs. EPS of 43 cents surpassed the analyst consensus estimate of 41 cents.
Marvell expects fourth-quarter revenue of $1.8 billion, plus or minus 5%, compared to the $1.65 billion consensus estimate. The company projected an EPS of 59 cents, plus or minus five cents, versus the 52-cent estimate.
Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) stocks traded higher on Wednesday.
The semiconductor sector also received a boost from Amazon.Com Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) artificial intelligence offerings, which the company showcased at its latest annual event.
The company aimed Nvidia&#8217;s turf with the latest <a target="_blank" href="https://www.benzinga.com/24/12/42309656/amazon-unleashes-powerful-ai-chip-clusters-to-supercharge-anthropics-models-while-challenging-nvidia-and-openais-dominance" rel="noreferrer noopener">advanced AI chip&nbsp;clusters</a>, deploying hundreds of thousands of co-developed Trainium2&nbsp;semiconductors into clusters, significantly boosting Anthropic&#8217;s processing power. Amazon introduced the&nbsp;Nova models, which generate text, images, and video.
Additionally, the semiconductor sector is also trying to gauge the repercussions of the Biden administration&#8217;s third <a target="_blank" href="https://www.benzinga.com/24/12/42289269/taiwan-semiconductor-supplier-asml-remains-unscathed-from-bidens-latest-semiconductor-embargo-on-china" rel="noreferrer noopener">semiconductor sanctions against China</a>, which prompted some chip companies to introspect their outlook.
Investors can gain exposure to the semiconductor sector through VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: NVDA stock is trading higher by 2.13% to $143.29 on Wednesday. ARM is up 1.15%, AVGO is up 0.52%.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/12/42313987/foot-locker-cuts-outlook-on-soft-consumer-spending-in-q3-stock-tanks" target="_blank" rel="noreferrer noopener">Foot Locker Cuts Outlook On Soft Consumer Spending In Q3, Stock Tanks</a></li>
</ul>
Photo via Shutterstock

AMZN

What's Going On With Nvidia And Other Chip Stocks On Wednesday?

<a href="https://www.globaltimes.cn/page/202412/1324191.shtml" title="https://www.globaltimes.cn/page/202412/1324191.shtml">https://www.globaltimes.cn/page/202412/1324191.shtml</a>

LSCC

China's Commerce Ministry, On U.S. Chip Export Control Measures, Says China Firmly Opposes It; The Move Is A Typical Example Of 'Economic Coercion' And 'Non-Market Practices'; China Will Take Necessary Measures To Firmly Safeguard Its Legitimate Rights And Interests; The U.s. Has Seriously Abused Control Measures, Severely Hindering Normal Economic And Trade Exchanges Between Countries, Disrupting Market Rules And International Trade Order; U.S. Move Is Threatening The Stability Of Global Supply Chains

U.S. stock futures slid and Dollar Index rose in the premarket trading on Monday. This week the global economy and markets will be dominated by data and remarks from central bankers.
The Dollar Index strengthened over 0.5% and was hovering around the 106.27 level. Expectations of a further 25 basis point rate cut in December fell to 61.7%, according <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">to</a> CME Group&#8217;s FedWatch tool.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.20%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.18%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.13%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.02%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was down 0.19% to $601.41 and the Invesco QQQ Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NYSE">QQQ</a>) fell 0.17% to $508.85, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Cues From The Last Session
U.S. stocks closed higher on Friday, with the Dow Jones Industrial Average and S&amp;P 500 <a href="https://www.benzinga.com/24/12/42260445/dow-sp-record-best-month-of-year-investor-sentiment-improves-fear-greed-index-remains-in-greed-zone">reaching new records</a> during the shortened trading week.
The tech-heavy Nasdaq Composite also gained ground, driven by a 2% surge in Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares. The broader semiconductor sector, as measured by the iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>), rose 1.3%.
For the week, the Dow climbed 1.4% and the S&amp;P 500 added 1.1%. These gains marked their strongest monthly performances of the year, with the Dow up 7.5% and the S&amp;P 500 up over 5% in November.
Most sectors on the S&amp;P 500 ended the day in positive territory, with tech, materials, and consumer discretionary stocks leading the way. However, real estate and utilities lagged.
Here&#8217;s a recap of Friday&#8217;s closing numbers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.83%</td>
<td> 19,218.17</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.56%</td>
<td>6,032.38</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.42%</td>
<td>44,910.65</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.35%</td>
<td>2,434.73</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/24/12/42260445/dow-sp-record-best-month-of-year-investor-sentiment-improves-fear-greed-index-remains-in-greed-zone">Dow, S&amp;P Record Best Month Of Year: Investor Sentiment Improves, Fear Index Remains In &#8216;Greed&#8217; Zone</a>
Insights From Analysts:
Dan Ives, managing director at Wedbush Securities predicted a strong year-end rally for technology companies as artificial intelligence initiatives accelerate and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42224850/2025-stock-playbook-tap-into-ais-1-trillion-potential-us-growth-opportunities">regulatory pressures ease</a> under President-elect Donald Trump.
He said that Trump&#8217;s term could potentially end Federal Trade Commission Chair Lina Khan‘s aggressive oversight of Big Tech companies. The forecast comes amid projections of unprecedented AI-related spending reaching $1 trillion by the end of 2025. 
<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">We expect tech stocks to be strong with a Santa rally as the Street further digests a less regulatory spider web under Trump with Khan/FTC days in the rearview mirror, stronger AI initiatives on the way, and a goldilocks foundation for Big Tech and Tesla into 2025 &#x1f525;&#x1f3c6;&#x1f402;&#x1f37f;&#x1f384;
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1863293238116790653?ref_src=twsrc%5Etfw">December 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Veteran investor Mark Mobius said that <a href="https://www.benzinga.com/24/11/42253444/mark-mobius-advocates-for-big-tech-investments-in-emerging-markets-thats-where-the-growth-will-be">he isn&#8217;t worried about a tech bubble</a>, even with high valuations for giants like Alphabet, Amazon, and Nvidia. He sees their impressive growth rates as justification for the price tags and expects continued success from the &#8216;magnificent seven&#8217; stocks. 
Renowned economist Mohamed El-Erian highlighted the impressive performance of cryptocurrencies and equities in November, contrasting it with losses in the gold and oil markets.
The Allianz Chief Economic Advisor shared a visual on X, showcasing the year-to-date performance of major asset classes. A standout performer was Bitcoin, the world&#8217;s largest cryptocurrency, which experienced its strongest month of the year in November.
Bitcoin&#8217;s year-to-date gains surged past 127% by the end of November, a significant acceleration from the 64% recorded in October. This remarkable surge has already surpassed Bitcoin&#8217;s annual gains for both 2021 and 2022.
<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">The usual end-of-month table for YTD performance for major assets/asset classes, along with one highlighting November&#39;s developments. It was the strongest month of the year for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> and the S&amp;P while, at the other end, <a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a> and <a href="https://twitter.com/hashtag/oil?src=hash&amp;ref_src=twsrc%5Etfw">#oil</a> registered monthly losses.<a href="https://twitter.com/hashtag/markets?src=hash&amp;ref_src=twsrc%5Etfw">#markets</a>… <a href="https://t.co/8C5EQkwvLO">pic.twitter.com/8C5EQkwvLO</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1862852749009838127?ref_src=twsrc%5Etfw">November 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Erian further highlighted the hoards of economic data that are slated to be released his week.
<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">This week in the global economy and markets is dominated by data and remarks from central bankers including:   Wednesday's JOLTS and Friday's jobs report for the US, where the consensus forecasts are for monthly job creation of 200,000 and an unemployment rate of 4.1%;…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1863317481873371616?ref_src=twsrc%5Etfw">December 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data
This week&#8217;s economic calendar is packed after a short last week due to Thanksgiving.
<ul>
<li>On Monday, the S&amp;P final U.S. manufacturing PMI for November will be released at 9:45 a.m. ET.</li>
<li>The ISM manufacturing data for November and construction spending data for October will be released at 10:00 a.m. ET.</li>
<li>On Tuesday, job openings data for October will be released at 10:00 a.m. ET and auto sales data will be released for which the time is yet to be determined.</li>
<li>On Wednesday, November&#8217;s data on ADP employment will be released at 8:15 a.m. ET.</li>
<li>St. Louis Fed President Musalem will speak at 8:45 a.m. ET.</li>
<li>The S&amp;P final U.S. services PMI for November will be released at 9:45 a.m. ET.</li>
<li>The ISM services and factory orders data for November and October, respectively, will be released at 10:00 a.m. ET.</li>
<li>Fed Beige Book will be released at 2:00 p.m. ET.</li>
<li>On Thursday, initial jobless claims data for November and U.S. trade deficit data for October will be released at 8:30 a.m. ET.</li>
<li>On Friday, the U.S. employment report, U.S. unemployment rate, and U.S. hourly wages data will be released at 8:30 a.m. ET.</li>
<li>The preliminary data for consumer sentiment will be released at 10 a.m. ET.</li>
<li>Chicago Fed President Goolsbee will speak at 10:30 a.m., ET.</li>
<li>Consumer credit data will be released at 3:00 p.m. ET.</li>
</ul>
Also read: <a href="https://www.benzinga.com/24/12/42260627/south-korea-gets-its-first-unicorn-of-2024-as-china-based-alibaba-invests-714m-in-ably-corp">Alibaba&#8217;s $71M Bet On Ably Corp Turns It Into South Korea&#8217;s First Unicorn of 2024</a>
Stocks In Focus:
<ul>
<li>Vision Marine Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) was up by 39% to $3.05 per share in premarket trading after it partnered with Massimo Marine to produce a 30-foot electric pontoon platform designed for commercial and recreational markets.</li>
<li>Unusual Machines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMAC#NYSE">UMAC</a>) was up 16% to $21.75 apiece as it continued to ride on the news flow about Donald Trump Jr. joining the advisory board to support U.S. drone manufacturing and reduce reliance on foreign parts.</li>
<li>Joby Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) was up 5.5% to $9.45 per share after Intech Investment Management LLC acquired 102,916 shares of the company&#8217;s stock, valued at approximately $518,000, as per an SEC filing.</li>
<li>Primega Group Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGHL#NASDAQ">PGHL</a>) fell 5.8% to $2.24 per share despite clearing the payment required under Nasdaq Listing Rule 5900 Series.</li>
<li>Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) was up 5.2% to $10.07 apiece as it has signed an agreement with Soracle, a joint venture of Japan Airlines and global general trading company Sumitomo, to sell up to 100 Midnight aircraft, totaling approximately $500 million.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rose in the early New York session, advancing 0.91% to hover around $68.677.
The 10-year Treasury note yielding 4.21%, whereas the two-year note was yielding 4.20%.
Major Asian markets closed higher on Monday, except for South Korea&#8217;s Kospi Index. European markets were mixed as both FTSE 100 and CAC 40 Indices declined.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/12/42260202/goldman-sachs-morgan-stanley-bank-of-montreal-cut-positions-in-marvell-technology-invesco-t-rowe-price-doubled-down">Goldman Sachs, Morgan Stanley, Bank Of Montreal Cut Positions In Marvell Technology — Invesco, T. Rowe Price Doubled Down</a></li>
</ul>
Photo courtesy: Wikimedia

Futures

Pre-Market Outlook

Trading Ideas

ACHR

JOBY

PGHL

UMAC

VMAR

US Stocks To Edge Lower After Thanksgiving As Investors Await Data: Analyst Expects A Santa Rally Thanks To 'Goldilocks Foundation' For Big Tech And Tesla Going Into 2025

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones and S&amp;P 500 surging to fresh highs during the shortened trading session.
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) gained 1.3% on Friday, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares adding more than 2% during the session.
The Dow gained 1.4% last week, recording a gain of 7.5% for November. The S&amp;P 500 gained 1.1% on the week, surging by more than 5% last month. The Dow and S&amp;P 500 recorded their best months of the year.
The stock market was closed on Thursday for the Thanksgiving holiday and closed early at 1 p.m. ET on Friday.
Most sectors on the S&amp;P 500 closed on a positive note, with information technology, materials, and consumer discretionary stocks recording the biggest gains on Friday. However, real estate and utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 189 points to 44,910.65 on Friday. The S&amp;P 500 rose 0.56% to 6,032.38, while the Nasdaq Composite climbed 0.83% to close at 19,218.17 during Friday's session.
Investors are awaiting earnings results from Imperial Petroleum Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMPP#NASDAQ">IMPP</a>) and Zscaler, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 66.1, the index remained in the &#8220;Greed&#8221; zone on Friday, versus a prior reading of 63.7.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Photo courtesy: Shutterstock

IMPP

Dow, S&P Record Best Month Of Year: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock is up Friday amid reports indicating the U.S. government is set to announce further sanctions on exporting <a href="https://www.benzinga.com/topic/semiconductors">semiconductor equipment and AI memory chips</a> to China, which will be less stringent than the previous ones.
Additionally, the U.S. embargo will focus on Chinese companies that make semiconductor manufacturing equipment instead of the fabrication facilities following protests from&nbsp;Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>),&nbsp;Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), and&nbsp;KLA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) as the move will enable the U.S. companies to maintain their edge versus international rivals like ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) and Tokyo Electron Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TOELY#OTC">TOELY</a>) which have not wholly subscribed to the U.S. sanctions against China.
Also Read: <a href="https://www.benzinga.com/24/11/42216863/nvidia-intel-suppliers-rethink-mexico-operations-amid-trumps-tariff-threat" target="_blank" rel="noreferrer noopener">Nvidia, Intel Suppliers Rethink Mexico Operations Amid Trump&#8217;s Tariff Threat</a>
The U.S. could announce the fresh semiconductor sanctions by next week, according to Bloomberg, <a href="https://www.bloomberg.com/news/articles/2024-11-28/us-readies-china-chip-curbs-that-stop-short-of-earlier-proposals?sref=TBDibEcD" target="_blank" rel="noreferrer noopener">citing</a> sources familiar with the issue.
The fresh restrictions will follow months of negotiations between the U.S. government, allies like Japan and the Netherlands, and American chip equipment makers. The U.S. chip companies, including Nvidia and rivals, had previously urged the government to relax its embargo against China, a key semiconductor market.
Therefore, the U.S. expects to impose restrictions on fewer Huawei Technologies Co suppliers and restrict only&nbsp;two chip factories of Huawei partner&nbsp;Semiconductor Manufacturing International Corp.
However, the new restrictions will affect <a target="_blank" href="https://www.benzinga.com/government/24/08/40198085/huawei-and-baidu-increase-samsung-hbm-purchases-as-us-curbs-loom" rel="noreferrer noopener">high-bandwidth memory chip</a> companies like &nbsp;Samsung Electronics Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>),&nbsp;SK Hynix Inc, and&nbsp;Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
The disruption of the semiconductor supply chain caused by the 2020 pandemic in China prompted global countries to consolidate their semiconductor bases and reduce their dependence on China. The U.S. and other countries started luring contract chipmakers like Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with subsidies to manufacture advanced artificial intelligence chips in their U.S. facilities while insisting ally countries like the Netherlands and Japan to impose similar sanctions on China.
The VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), which represent stocks like Nvidia, Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Taiwan Semiconductor, Intel and Micron were up about 1% on Friday.
Price Action: NVDA stock is up 1.04% at $136.80 in premarket trading at last check Friday.
Also Read:
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Photo: Shutterstock

AMAT

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Nvidia, Chip Stocks Gain On Reports Of Softer China Sanctions

Global chip stocks and ETFs experienced a notable surge following reports that U.S. officials are contemplating easing restrictions on sales to China. This development could lead to significant changes in the semiconductor industry as early as next week.
What Happened: Shares of global chip companies rose on Thursday after reports surfaced that U.S. officials might ease&nbsp;restrictions on sales to China.&nbsp;The potential changes could be announced as early as next week.
As per <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Chip ETFs reacted positively as well:&nbsp;Direxion Daily Semiconductor Bull 3X&nbsp;Shares&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXL#NYSE">SOXL</a>), which holds over 8% in Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Broadcom Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), rose 2.67%,&nbsp;iShares Semiconductor ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) increased by 1.03%, and&nbsp;VanEck Semiconductor ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) climbed 0.90%.
The deliberations have involved U.S. officials,&nbsp;allies in Japan and the&nbsp;Netherlands, and American chip equipment manufacturers. These manufacturers have lobbied against stricter measures, warning of severe impacts on their businesses. The latest proposal differs from earlier versions, particularly regarding which Chinese companies might be added&nbsp;to a trade restriction list.
Previously, the U.S.&nbsp;considered sanctioning six suppliers to&nbsp;Huawei Technologies Co., a key player in China&#8217;s tech sector. However, the current plan may only include some of these suppliers, notably excluding&nbsp;ChangXin Memory Technologies Inc., which is developing AI memory chip technology.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42228090/bitcoin-ethereum-dogecoin-surge-as-traders-raise-risk-appetite-ahead-of-thanksgiving-analyst-says-eth-could-jump-to-highs-not-seen-since-late-2021?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Surge As Traders Raise Risk Appetite Ahead Of Thanksgiving: Analyst Sets Mid-Term Price Target For ETH At $6K</a>
Why It Matters: The potential easing of U.S. restrictions on China comes amid a backdrop of complex geopolitical tensions and trade policies. Recently,&nbsp;Peter Thiel&nbsp;highlighted the severe impact a <a href="https://www.benzinga.com/markets/24/11/42028954/peter-thiel-says-trumps-60-china-tariff-would-be-very-very-bad-for-beijing-heres-whats-at-stake">proposed 60% tariff</a> on Chinese goods could have on Beijing, suggesting a shift in manufacturing away from China. Additionally,&nbsp;<a href="https://www.benzinga.com/24/11/42089611/taiwan-semiconductor-faces-china-challenges-amid-potential-trump-return-and-geopolitical-tensions">Taiwan Semiconductor</a>&nbsp;faces challenges due to geopolitical tensions, with China focusing on enhancing its local chip production capabilities.
Furthermore,&nbsp;<a href="https://www.benzinga.com/24/11/42216863/nvidia-intel-suppliers-rethink-mexico-operations-amid-trumps-tariff-threat">Nvidia and Intel</a>&nbsp;suppliers are reevaluating their manufacturing strategies in Mexico due to potential tariffs. These developments underscore the intricate dynamics at play in the semiconductor industry and the global supply chain.
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Images via Shutterstock

Nvidia And Other Chip-Stock Linked ETFs Surge Amid Potential Easing Of US Restrictions On China

Global markets faced turbulence by midday Wednesday as an unwinding of yen-dollar carry trades drove sharp losses in U.S. equities, with the tech-heavy Nasdaq 100 falling <a href="https://www.benzinga.com/markets">1.2% in intraday trading.</a>
Rising expectations that the Bank of Japan may raise interest rates in December pushed the dollar-yen pair down by 1.5%, marking its steepest drop since late September. This triggered a wave of &#8220;risk-off&#8221; sentiment, pressuring major indices.
The S&amp;P 500 dipped 0.5% by midday, on track to snap a seven-day winning streak, while small caps in the Russell 2000 remained relatively steady. Treasury yields fell significantly as fresh economic data failed to stoke concerns about an imminent change in the Federal Reserve's interest rate path.
The U.S. economy expanded at an annualized 2.8% in the third quarter, according to a second estimate that matched earlier print. October's Personal Consumption Expenditures (PCE) price index, the Fed&#8217;s preferred inflation gauge, also came in line with forecasts, <a href="https://www.benzinga.com/news/global/24/11/42220106/dollar-treasury-yields-stocks-fall-in-tandem-after-october-inflation-uptick">showing a modest uptick.</a>
Traders continue to bet on easier monetary policy, with Fed funds futures pricing in a 70% probability of a 25-basis-point rate cut at the Dec. 18 meeting.
In commodities market, gold inched up by 0.2%, while oil prices fell by 1% to $68 a barrel, heading for a three-day decline. Natural gas plummeted 7%, amid less cold weather forecasts reducing the outlook for heating demand.
Meanwhile, cryptocurrencies reversed their recent losing streak. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied nearly 5% to above $96,000, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) surged more than 7%, hitting price levels last seen in late June 2024.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,424.01</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,747.65</td>
<td>-0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,994.06</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,682.38</td>
<td>-1.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. EST</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent112524&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged 0.4% lower to $598.35.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;eased 0.2% to $448.13.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1.1% to $503.71.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.1% up to $241.01.</li>
<li>The&nbsp;Real Estate Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) outperformed, rising 1%. The&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 1.9%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Semiconductor stocks, as tracked by the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), witnessed broad-based declines amid rising trade tensions between U.S. and China following Donald Trump&#8217;s pledge to raise tariffs. Micron Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) were among the weakest performers, with drops of about 4.4%.</li>
<li>Crypto-linked stocks rebounded after sharp drops witnessed a day earlier. Shares of Bit Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) were up 16%, while Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) and MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) were up by 9% and 6%, respectively. </li>
<li>Dell Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NASDAQ">DELL</a>) tumbled by over 11% in reaction to earnings. </li>
<li>Other stocks reacting to quarterly results were Crowdstrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), down 5.1%; Workday Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>), down 5.2%; Autodesk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>), down 8%; HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), down 12% and Nutanix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>), down over 6%.</li>
</ul>
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