Vanguard Information Tech ETF (ARCA: VGT)

最新ニュース Vanguard Information Tech ETF (ARCA:VGT)

Vanguard Information Tech ETF

Vanguard Information Tech ETF - DNQ

Technology

Industrials

Communication Services

Financial Services

Other

Basic Materials

Healthcare

Consumer Cyclical

The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index/Information Technology 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the information technology sector, as classified under the Global Industry Classification Standard. The Advisor attempts to replicate the target index by seeking to invest all, or substantially all, of its assets in the stocks that make up the index, in order to hold each stock in approximately the same proportion as its weighting in the index. It is non-diversified.

Microsoft Corp

Apple Inc

Nvidia Corp.

Broadcom Inc

Advanced Micro Devices Inc.

Adobe Inc

Salesforce Inc.

Oracle Corp.

Qualcomm Inc.

Applied Materials, Inc.

Vanguard Information Technology Index Fund ETF

Analyst Color

Equities

News

Tech

AAPL

INTC

NVDA

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

NVDX

PLTR

SOXL

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

VGTel Inc

Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is nearing the launch of a budget smartphone by 2025 to regain market share lost to Huawei&nbsp;Technologies Co and Xiaomi Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>).
Apple iPhone&#8217;s market share in China <a target="_blank" href="https://www.benzinga.com/news/24/09/40823119/china-is-eating-apples-lunch-where-smartphone-maker-ranks-vs-asian-competitors" rel="noreferrer noopener">slipped to 14%</a>, down from third to sixth place in the second quarter. Huawei bagged the fourth position, and&nbsp;Xiaomi&nbsp;came fifth.
Vivo&nbsp;emerged as the number one brand, OPPO remained second, and HONOR came third in China. Canalys attributed the local brands&#8217; success to the early discounts and promotions, integration of generative artificial intelligence, and their collaboration with regional supply chains.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41139084/nvidia-expands-ai-offerings-with-new-open-source-models-and-unreal-engine-5-plugins" rel="noreferrer noopener">Nvidia Expands AI Offerings with New Open-Source Models and Unreal Engine 5 Plugins</a>
Apple is nearing production of an updated iPhone SE dubbed V59 that will become its new entry-level model, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-10-01/apple-readies-iphone-se-4-upgraded-ipad-air-for-early-2025?srnd=homepage-asia&amp;sref=TBDibEcD" rel="noreferrer noopener">cites</a> familiar sources.
Reportedly, Apple will transition to an edge-to-edge screen, removing the old home button design. The new SE phone will likely support Apple Intelligence.
Needham&nbsp;analyst Laura Martin&nbsp;expects 89%- 96% of Apple&#8217;s 2025 revenue to depend <a target="_blank" href="https://www.benzinga.com/news/24/09/41005053/apple-iphone-to-fuel-96-of-2025-revenue-analyst-says-a-safer-bet-than-ai-heavy-amazon-alphabet-micro" rel="noreferrer noopener">on iPhone sales</a>, underscoring the importance of Apple&#8217;s smartphone strategy.
Apple is also considering iPad upgrades. The company&#8217;s new iPad Air models, dubbed J607 and J637, will likely launch in 2025. A new iPad mini, dubbed J410, will be available by the end of 2024.
Apple&#8217;s updated models include a&nbsp;revamped Mac mini, updated MacBook Pros, and iMacs with the M4 processor and Apple Intelligence features.
However, Barclays analyst Tim Long flagged a <a target="_blank" href="https://www.benzinga.com/news/24/10/41127362/apples-iphone-16-cycle-faces-headwinds-analyst-warns-of-weaker-demand-macro-pressures-potential-earl" rel="noreferrer noopener">potential 3 million</a> iPhone unit cut for the December quarter due to demand weakness.
Apple stock is up over 30% in the last 12 months. Investors can gain exposure to the stock through iShares Global Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IXN#NYSE">IXN</a>)
and Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>).
Price Action: AAPL stock is down 0.23% at $225.69 at the last check on Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41124391/qualcomm-partners-with-stmicroelectronics-to-boost-ai-powered-iot-connectivity" target="_blank" rel="noreferrer noopener">Qualcomm Partners With STMicroelectronics To Boost AI-Powered IoT Connectivity</a></li>
</ul>
Image via Shutterstock

Media

iShares Trust S&P Global Information Technology Sector Index Fund

XIACF

XIACY

Apple To Launch Budget iPhone in 2025, Aims for Market Share Gains from Huawei and Xiaomi

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

Long Ideas

Sector ETFs

Broad U.S. Equity ETFs

Trading Ideas

ETFs

IBIT

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

Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has appointed Carolina Dybeck Happe <a target="_blank" href="https://blogs.microsoft.com/blog/2024/09/12/microsoft-names-new-executive-vice-president-and-chief-operations-officer/" rel="noreferrer noopener">as its new</a> EVP and COO.
Happe served at GE as SVP and CFO from 2020 until September 2023. Reuters reports that she was pivotal in leading the company&#8217;s turnaround and helped complete the spin-off of energy infrastructure unit GE Vernova in April 2024 after she stepped down from her role as CFO.
Microsoft&#8217;s move coincides with its pursuit of the lead in the cloud services market by solidifying its moat against Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web Services.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40707618/whats-going-on-with-amd-stock-on-wednesday" rel="noreferrer noopener">AMD Taps Former Nvidia Exec to Lead AI Vision, Bolstering Strategic Growth</a>
The hiring also followed the CrowdStrike Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) <a target="_blank" href="https://www.benzinga.com/news/24/09/40791329/microsoft-plans-major-cybersecurity-summit-after-global-it-outage-hits-8-5m-devices-earlier-this-yea" rel="noreferrer noopener">outage that hampered</a> Microsoft devices, Reuters cites D.A. Davidson analyst Gil Luria.
Microsoft made <a target="_blank" href="https://www.benzinga.com/news/24/05/38664730/googles-deepmind-co-founder-mustafa-suleyman-shares-his-exciting-first-month-at-microsoft-truly-tran" rel="noreferrer noopener">another critical hiring</a> earlier this year. In March 2024, the company poached the co-founder of&nbsp;Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google&nbsp;DeepMind&nbsp;AI lab co-founder Mustafa Suleyman from Inflection AI to lead Microsoft&#8217;s AI division.
Microsoft gained over 27% in the last 12 months. Investors can gain exposure to the stock through iShares Global Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IXN#NYSE">IXN</a>) and Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>).
<h2 class="wp-block-heading">Microsoft Stock Prediction For 2024</h2>
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Microsoft, 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 Microsoft, the 200-day moving average sits at $412.21, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is below the current price of $427.0. For more on charts and trend lines, <a href="https://pro.benzinga.com/">see a description here.</a>
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
Price Action: MSFT stock traded lower by 0.19% at $426.21 premarket at the last check on Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40687996/microsofts-ai-pcs-stumble-with-game-compatibility-report" target="_blank" rel="noreferrer noopener">Microsoft&#8217;s AI PCs Stumble With Game Compatibility: Report</a></li>
</ul>

Management

AMZN

CRWD

GOOG

GOOGL

MSFT

Microsoft Hires Former GE CFO Carolina Dybeck Happe As COO To Boost Cloud And AI Focus

Launched on 05/08/2007, the First Trust Technology AlphaDEX ETF (ARCA:FXL) is a smart beta exchange traded fund offering broad exposure to the Technology ETFs category of the market.
<h2>What Are Smart Beta ETFs?</h2>
For a long time now, the ETF industry has been flooded with products based on market capitalization weighted indexes, which are designed to represent the broader market or a particular market segment.
Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way.
However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
<h2>Fund Sponsor &amp; Index</h2>
The fund is managed by First Trust Advisors. FXL has been able to amass assets over $1.24 billion, making it one of the larger ETFs in the Technology ETFs. Before fees and expenses, FXL seeks to match the performance of the StrataQuant Technology Index.
The StrataQuant Technology Index is a modified equal-dollar weighted index designed by the AMEX to objectively identify and select stocks from the Russell 1000 Index that may generate positive alpha relative to traditional passive style indices through the use of the AlphaDEX screening methodology.
<h2>Cost &amp; Other Expenses</h2>
Investors should also pay attention to an ETF&#39;s expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for FXL are 0.62%, which makes it on par with most peer products in the space.
FXL&#39;s 12-month trailing dividend yield is 0.41%.
<h2>Sector Exposure and Top Holdings</h2>
It is important to delve into an ETF&#39;s holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
For FXL, it has heaviest allocation in the Information Technology sector --about 80.90% of the portfolio --while Industrials and Telecom round out the top three.
Taking into account individual holdings, Palantir Technologies Inc. (class A) (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pltr#NYSE">PLTR</a>) accounts for about 2.06% of the fund&#39;s total assets, followed by Godaddy Inc. (class A)&nbsp;and Cognizant Technology Solutions Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctsh#NASDAQ">CTSH</a>).
FXL&#39;s top 10 holdings account for about 18.47% of its total assets under management.
<h2>Performance and Risk</h2>
Year-to-date, the First Trust Technology AlphaDEX ETF has lost about -0.82% so far, and is up about 9.32% over the last 12 months (as of 09/09/2024). FXL has traded between $104.07 and $142.51 in this past 52-week period.
The ETF has a beta of 1.14 and standard deviation of 25.32% for the trailing three-year period, making it a medium risk choice in the space. With about 103 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
First Trust Technology AlphaDEX ETF is an excellent option for investors seeking to outperform the Technology ETFs segment of the market. There are other ETFs in the space which investors could consider as well.
Technology Select Sector SPDR ETF (ARCA:XLK) tracks Technology Select Sector Index and the Vanguard Information Technology ETF (ARCA:VGT) tracks MSCI US Investable Market Information Technology 25/50 Index. Technology Select Sector SPDR ETF has $64.13 billion in assets, Vanguard Information Technology ETF has $70.17 billion. XLK has an expense ratio of 0.09% and VGT charges 0.10%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Technology ETFs.
<a href="https://www.zacks.com/stock/news/2333154/is-first-trust-technology-alphadex-etf-fxl-a-strong-etf-right-now?cid=CS-BENZ-FT-smart_beta_etf-2333154">To read this article on Zacks.com click here.</a>

Large Cap

Markets

CTSH

Is First Trust Technology AlphaDEX ETF a Strong ETF Right Now?

Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), has hired Keith Strier of Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;as <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40695847/amd-appoints-ai-industry-veteran-keith-strier-to-expand-global-ai-capabilities-and-engagements" rel="noreferrer noopener">senior vice president</a> of global artificial intelligence markets.
Strier will lead AMD&#8217;s AI vision, driving new ecosystem capabilities and accelerating strategic AI engagements globally across public and private sectors.&nbsp;
He recently served as vice president of worldwide AI initiatives at Nvidia, where he was responsible for expanding commercial engagements with foreign governments.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40687996/microsofts-ai-pcs-stumble-with-game-compatibility-report" rel="noreferrer noopener">Microsoft&#8217;s AI PCs Stumble With Game Compatibility: Report</a>
Nvidia&#8217;s rival AMD remains engaged in gaining market share through plans to acquire AI server company&nbsp;ZT Systems&nbsp;for $4.9 billion.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04042701/newplot-3.png" alt="" class="wp-image-528757" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04042701/newplot-3.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04042701/newplot-3-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
At the same time, it grappled with its Ryzen 9000 series sales, as analysts, including&nbsp;Oppenheimer&#8217;s Rick Schafer, Truist Securities&#8217; William Stein, and Wedbush Securities&#8217; Matt Bryson, tout Nvidia as the&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/08/40526391/whats-going-on-with-amd-stock-on-friday" rel="noreferrer noopener">critical AI play</a>.
Microsoft Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) new Windows AI features will arrive on some AMD and Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) laptops in November, the Verge <a target="_blank" href="https://www.theverge.com/2024/9/3/24234687/microsoft-co-pilot-plus-pcs-intel-features-release-date" rel="noreferrer noopener">reports</a>.
JPMorgan analyst Harlan Sur&nbsp;expects AMD to grow&nbsp;data center GPU revenue&nbsp;by <a target="_blank" href="https://www.benzinga.com/m-a/24/08/40438854/amd-expands-ai-capabilities-acquires-zt-systems-in-major-4-9b-deal" rel="noreferrer noopener">$5 billion&nbsp;in</a> fiscal 2024, backed by server and PC CPU market share wins.
AMD stock gained 24% in the last 12 months versus Nvidia&#8217;s 123%.
Investors can gain exposure to AMD through Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: AMD stock is up 2.49% at $140.35 premarket at last check Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40692084/intels-place-in-dow-in-jeopardy-ai-strategy-under-scrutiny-report" target="_blank" rel="noreferrer noopener">Intel&#8217;s Place In Dow In Jeopardy, AI Strategy Under Scrutiny: Report</a></li>
</ul>
Photo via Shutterstock

What's Going On With AMD Stock On Wednesday?

Undeterred by early August volatility, investors poured a staggering $75 billion into U.S. exchange-traded funds in August, a fivefold increase compared to the <a href="https://www.benzinga.com/etfs">same period last year.</a>
According to Bloomberg data, the strong August inflows into ETFs have pushed the year-to-date total to over $600 billion, putting 2024 on track to potentially challenge the all-time record of $911 billion in inflows, set in 2021 — a year before the Federal Reserve initiated its rate hike cycle.
Athanasios Psarofagis, an ETF analyst at Bloomberg Intelligence, highlighted that investors took advantage of the early August market dip to increase their equity ETF holdings. Additionally, there was a notable surge in demand for bond-related ETFs and small-cap ETFs as investors anticipate the start of the Federal Reserve's rate cuts.
<h3 class="wp-block-heading">ETF Market Nears $10 Trillion In Total Value</h3>
Bloomberg data reveals the total value of ETFs is approaching the $10-trillion mark, representing nearly one-third of the total value of all investment funds in circulation. Passive ETFs dominate this space with $8.7 trillion in assets, while actively managed ETFs have grown by 30% this year to $783 billion.
Both fixed-income and equity ETFs have seen strong inflows, with fixed-income products attracting $187 billion and equity ETFs $367 billion so far in 2024. 
Todd Sohn, an ETF strategist at Strategas, said bond ETFs have particularly benefited from an array of new offerings, including actively managed funds. Bond ETFs have attracted $100 billion over the last three months, surpassing the inflows seen during the early pandemic-recovery period in 2020.
Bitcoin-based ETFs have also gained traction, with net inflows exceeding $17 billion so far this year. Leveraged and inverse funds based on single companies have accumulated more than $9 billion in assets.
<h3 class="wp-block-heading">Top 5 ETFs By Inflows In August 2024</h3>
The following U.S.-listed ETFs saw the largest inflows of capital in August 2024:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Fund</th>
<th>Fund flows in August 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>)</td>
<td>$5.964 bn</td>
</tr>
<tr>
<td>Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>)</td>
<td>$3.906 bn</td>
</tr>
<tr>
<td>iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>)</td>
<td>$3.038 bn</td>
</tr>
<tr>
<td>iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>)</td>
<td>$2.49 bn</td>
</tr>
<tr>
<td>Vanguard Total Stock Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>)</td>
<td>$2.358 bn</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data: TradingView (as of Sept. 3)</figcaption></figure>
<h3 class="wp-block-heading">Year-To-Date ETF Inflow Leaders</h3>
Year-to-date, the top five ETFs by inflows are:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Fund</th>
<th>YTD fund flows</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vanguard S&amp;P 500 ETF</td>
<td>$60.648 bn</td>
</tr>
<tr>
<td>iShares Core S&amp;P 500 ETF</td>
<td>$43.532 bn</td>
</tr>
<tr>
<td>Vanguard Total Stock Market ETF</td>
<td>$21.098 bn</td>
</tr>
<tr>
<td>Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)</td>
<td>$19.329 bn</td>
</tr>
<tr>
<td>iShares Core U.S. Aggregate Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGG#NYSE">AGG</a>)</td>
<td>$14.152 bn</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data: TradingView (as of Sept. 3)</figcaption></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40689742/goldman-sachs-bullish-on-gold-wall-street-giant-targets-2-700-by-early-2025-driven-">Goldman Sachs Bullish On Gold: Wall Street Giant Targets $2,700 By Early 2025, Driven By Geopolitical Risks, Fed Rate Cuts</a></li>
</ul>
Photo via Shutterstock.

Specialty ETFs

New ETFs

Federal Reserve

iShares Trust Barclays 20+ Year Treasury Bond Fund

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

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:
<ul>
<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.

Exclusives

Analyst Ratings

Movers

AAPU

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

AAPX

FTEC

iShares Dow Jones US Technology Sector Index Fund

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

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continues to make waves in the artificial intelligence (AI) chip market, even as Chinese tech giant Huawei Technologies Co faces significant challenges in its bid to compete.
Despite Huawei&#8217;s efforts to create a domestic alternative with its Ascend series, the company&#8217;s software, particularly the Cann platform, reportedly struggles to match the ease of use and efficiency offered by Nvidia&#8217;s CUDA platform, industry insiders reveal, the Financial Times <a target="_blank" href="https://www.ft.com/content/3dab07d3-3d97-4f3b-941b-cc8a21a901d6" rel="noreferrer noopener">reports</a>.
Huawei, striving to compete against Nvidia&#8217;s well-established position, has taken proactive steps by dispatching engineers to assist clients like Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), iFlytek, and Tencent Holding Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) in transitioning their systems from Nvidia&#8217;s CUDA to Huawei&#8217;s Cann.
Despite these challenges, Huawei has seen growing demand for AI chips, driven partly by supply constraints and the U.S. government&#8217;s tightened export controls on high-performance silicon.
<a target="_blank" href="https://www.benzinga.com/news/24/08/40659587/nvidias-blackwell-chip-potential-signals-strong-future-growth-analysts" rel="noreferrer noopener">Analysts remain optimistic</a> about Nvidia&#8217;s future despite challenges with its new Blackwell chips, which are nearly double the size of their predecessors and face manufacturing issues impacting yields and margins. Wall Street projects third-quarter revenue and EPS of $32.50 billion and $0.73.
Nvidia stock gained 146% in the last 12 months, buoyed by the AI frenzy. Investors can gain exposure to the stock through Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>).
Price Action:&nbsp;NVDA stock traded down 7.65% at $110.24 at the last check on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

Emerging Markets

BIDU

TCEHY

Nvidia Maintains AI Chip Dominance as Huawei Struggles to Compete: Report

Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) were among the companies that entered the Dow Jones Industrial Average during the dot-com era.
Analysts and investors told Reuters Intel was likely to be removed from the Dow, pointing to the company&#8217;s stock price trajectory.
Intel missed out on the artificial intelligence boom as&nbsp;OpenAI&#8217;s investment&nbsp;failed to materialize, and its contract manufacturing unit continued to lose out to Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</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/2024/09/03105009/newplot-1.png" alt="" class="wp-image-527295" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03105009/newplot-1.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03105009/newplot-1-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Intel <a target="_blank" href="https://www.benzinga.com/government/24/08/40622868/intel-faces-scrutiny-over-job-cuts-while-competing-for-20b-us-chip-subsidy" rel="noreferrer noopener">plans to ship</a> chips for over 100 million AI personal computers by 2025, with over 40 million targeted for 2024.
<a target="_blank" href="https://www.benzinga.com/m-a/24/08/40648165/intel-weighs-major-business-split-factory-delays-amid-strategic-review-report" rel="noreferrer noopener">Recent reports indicated</a> Intel is looking to break up its product design and manufacturing businesses, including postponing some of its expansion plans. Investors can gain exposure to Intel through Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and SPDR Select Sector Fund &#8211; Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>).
Analysts snubbed Intel&#8217;s&nbsp;dividend suspension and record layoff of close to 15,000 employees.
Ryuta Makino of Gabelli Funds speculated that Nvidia Corp would replace Intel on the Dow, as per Reuters.
Nvidia has been up 129% in the last 12 months as it successfully milked the A frenzy, while Intel has been down 44%. Taiwan Semiconductor is up 71%.
According to Reuters, Daniel Morgan of Synovus Trust notes Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) as a possible Dow Jones contender.
Price Action: INTC stock is down by 6.63% at $20.58 at the last check on Tuesday.
Image via Shutterstock

Intel's Place In Dow In Jeopardy, AI Strategy Under Scrutiny: Report

Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) is reportedly considering acquiring two facilities owned by AUO Corp, mirroring 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/m-a/24/08/40437227/taiwan-semiconductor-acquires-tainan-facility-for-531m-plans-major-expansion" rel="noreferrer noopener">recent deal to</a> purchase a plant and equipment from Innolux Corp.
Micron, ranked as the third-largest memory chip manufacturer globally, is expected to buy two AUO plants in Tainan for a purchase price of 10 billion New Taiwan dollars-20 billion New Taiwan dollars ($314.3 million-$628.6 million), the Taipei Times <a target="_blank" href="https://www.taipeitimes.com/News/biz/archives/2024/08/27/2003822807" rel="noreferrer noopener">reports</a>.
AUO is selling the facilities it shuttered in August 2023 to optimize its resources.
Taiwan Semiconductor recently announced its acquisition of a 5.5th-generation plant from Innolux, located in the Southern Taiwan Science Park, for 17.14 billion New Taiwan dollars.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27082044/newplot-2-1.png" alt="" class="wp-image-515974" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27082044/newplot-2-1.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27082044/newplot-2-1-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
The deal will significantly enhance Taiwan Semiconductor&#8217;s advanced 3D chip-on-wafer-on-substrate (CoWoS) packaging capacity.
Micron Technology stock gained 52% in the last 12 months. The <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 (HBM)</a> supplier was impacted by the U.S. semiconductor sanctions on China. It will likely <a target="_blank" href="https://www.benzinga.com/news/24/08/40227015/nvidia-greenlights-samsungs-fifth-gen-hbm3e-chips-for-ai-processors-report" rel="noreferrer noopener">secure 5% of the</a> market share in 2024, as per&nbsp;TrendForce.
Investors can gain exposure to Micron stock through Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>) and Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>).
<h2 class="wp-block-heading">Will Micron Tech Stock Go Up?</h2>
When trying to assess whether or not Micron Technology will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $168.56 on Micron Technology. The Street high target is currently at $225.0 and the Street low target is $138.0. Of all the analysts covering Micron Technology, 26 have positive ratings, one has neutral ratings and no one has negative ratings.
In the last month, 3 analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/MU/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Micron Technology have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Micron Technology is 17.91% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Micron Technology, visit <a href="https://www.benzinga.com/quote/MU">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
Price Action: MU stock traded lower by 1.41% at $97.52 at last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Government

Regulations

Micron Tech Eyes AUO Plant Acquisition as Taiwan Semi Expands Chip Packaging Tech

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has succeeded in containing its employee churn rate through its compensation packages.
The chip designer is known for its demanding work environment, where employees slog up to seven days a week, with work hours stretching until 2 a.m.
CEO Jensen Huang has said&nbsp;he prefers&nbsp;to &#8220;torture them into greatness,&#8221; marking a stark contrast with his rivals keen on hiring and firing, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-08-26/what-s-it-like-working-at-nvidia-you-may-get-rich-but-work-remains-stressful?sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
At the same time, Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) looks to downsize in thousands or over <a target="_blank" href="https://www.benzinga.com/news/24/08/40528681/intel-board-member-lip-bu-tan-resigns-amid-chipmakers-struggle-with-cost-cuts" rel="noreferrer noopener">15% of its workforce</a> to accomplish a business turnaround. The company had slashed 5% of its workforce in 2023.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40550305/nvidia-tech-fuels-chinese-ai-growth-overseas-alibaba-ramps-up-7b-investment" rel="noreferrer noopener">Nvidia Tech Fuels Chinese AI Growth Overseas, Alibaba Ramps Up $7B Investment</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/2024/08/27045003/newplot-25.png" alt="" class="wp-image-515283" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27045003/newplot-25.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27045003/newplot-25-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Nvidia&#8217;s stock grants, which typically vest over four years, have been pivotal to its success with its employees, the New York Post <a target="_blank" href="https://nypost.com/2024/08/26/business/nvidia-employees-can-work-7-days-a-week-until-2-a-m-but-few-leave-because-of-ai-chip-giants-lavish-pay-report/" rel="noreferrer noopener">reports</a>. The stock&#8217;s 3,776% surge since 2019, courtesy of Big Tech&#8217;s splurge on their artificial intelligence ambitions, has made its employees millionaires.
Nvidia&#8217;s 2023 employee churn rate of 5.3% dipped to 2.7% after its market capitalization surpassed $1 trillion, compared to the industry average of 17.7%.
Nvidia&#8217;s artificial intelligence moat has enabled employees to indulge in luxury cars, high-end real estate, and sporting events like the Super Bowl and the NBA Finals.
According to Bloomberg, Nvidia CFO Colette Kress, who assumed office 11 years ago, owns stock valued at $758.7 million, versus Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) CFO Jean Hu, who joined in 2023, who owns stock valued at $6.43 million.
Nvidia stock surged 170% in the last 12 months. Investors can gain exposure to the stock through Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and iShares S&amp;P 500 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVW#NYSE">IVW</a>).
Price Actions: NVDA stock traded higher by 0.58% at $127.19 premarket at last check Tuesday.
Photo via Shutterstock

Nvidia's Stock Surge Turns Employees Into Millionaires, Cutting Churn to Record Low: Report

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) could face challenges in the Chinese market as Huawei Technologies prepares to launch its new AI chip, the Ascend 910C.
This chip aims to fill the void left by Nvidia after <a target="_blank" href="https://www.benzinga.com/government/24/07/39616102/despite-restrictions-nvidia-chips-are-still-reaching-china-wsj" rel="noreferrer noopener">U.S. export controls</a>, implemented in 2022, prevented the company from offering its most advanced chips, like the H100, to Chinese customers.
The impact of Huawei&#8217;s move could be substantial, as the Chinese tech giant has already garnered interest from major players like ByteDance, Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), potentially threatening Nvidia&#8217;s dominance in the region, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/tech/ai/huawei-readies-new-chip-to-challenge-nvidia-surmounting-u-s-sanctions-e108187a?st=en0vpjcasing7jv&amp;mod=googlenewsfeed" rel="noreferrer noopener">reports</a>.
If Huawei successfully produces the Ascend 910C and Nvidia remains restricted from selling its top-tier chips to China, Nvidia could see a rapid decline in its market share.
Industry analysts suggest that Huawei&#8217;s new chip may outperform Nvidia&#8217;s downgraded B20, which was designed to comply with U.S. export regulations. With orders for the 910C expected to reach over 70,000 units, valued at approximately $2 billion, Huawei is positioning itself as a formidable competitor.
Nvidia has maintained that the U.S. embargo on China has had no impact. The stock is up over 149% in the last 12 months, <a target="_blank" href="https://www.benzinga.com/news/24/08/40319192/whats-going-on-with-nvidia-stock-on-monday" rel="noreferrer noopener">backed by its</a> &#8220;walled garden&#8221; of developers who use its chips to build AI systems and other software. As Nvidia focuses on its coding expertise, it will likely maintain more leverage than its rivals.
Investors can gain exposure to Nvidia through SPDR Select Sector Fund &#8211; Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) and Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>).
Price Action: NVDA shares traded higher by 5.05% at $114.53 at the last check on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Nvidia Blog

What's Going On With Nvidia Stock On Tuesday?

Goldman Sachs analyst Toshiya Hari maintained a Sell rating on Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) <a target="_blank" href="https://www.benzinga.com/quote/INTC/analyst-ratings" rel="noreferrer noopener">with a price target of $22.</a>
While Hari considered the latest <a target="_blank" href="https://www.benzinga.com/news/24/07/40073980/intel-plans-job-cuts-to-fund-turnaround-efforts-bloomberg" rel="noreferrer noopener">cost reduction initiative</a> of ~$10 billion necessary for Intel to ultimately challenge its foundry and fabless peers from a margin and return perspective, the analyst does not consider it sufficient for a sustained recovery in the company&#8217;s competitive position.
Hari continues to be cautious about the name. He awaits signs of wallet share stabilization in Data Center computing and material progress in the company&#8217;s external Foundry strategy before potentially becoming more constructive about the stock.
Intel&#8217;s notebook CPU revenue increased 15% year-on-year to $4.5 billion due to improved inventory levels at Intel&#8217;s customers and ASPs driven by the ramp of Intel 4-based products. Given muted end consumption and signs of some OEMs digesting component inventory in the near term, Hari expects notebook CPU unit growth on a YoY basis to decelerate in the third quarter.
Desktop CPU revenue increased 7% year over year to $2.5 billion, driven primarily by an increase in volume. Hari expects desktop CPU unit growth to decelerate in the third quarter due to soft near-term demand trends.&nbsp;&nbsp;
Hari estimated that Intel&#8217;s second-quarter server CPU revenue decreased 4% year over year. The company reported a 23% increase in ASPs. Following results announcements from both Intel and Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Hari noted AMD gained a share in the Server CPU market in the second quarter.
Hari projected fiscal 2024 revenue and EPS of $52.87 billion and $(0.50), respectively.
Investors can gain exposure to Intel through Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>)
Price Action: INTC shares traded lower by 6.08% at $20.18 at last check Monday.
Image via Shutterstock

Price Target

Reiteration

Intel's $10B Cost Cut Seen as Necessary but Not Enough for Competitive Edge: Analyst

The <a href="https://www.benzinga.com/markets/24/08/40142331/chip-stocks-staring-at-another-bloodbath-as-intel-tumbles-nvidia-dips-4-asml-crumbles-over-6-whats-a">tech space took a tumble</a> in the week ended Aug. 2, with the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) declining more than 5% and underperforming the S&amp;P 500 Index &#8211; a measure of broader market performance. Here&#8217;s a summary of what dragged the sector this week and a perspective on where these stocks are headed into the near- and medium-term.
Mixed Tech Earnings, Geopolitics Weigh: Tech stocks started the week on a cautious but a winning note as traders awaited earnings reports from a slew of mega-cap tech names. They pulled back notably on Tuesday, dragged by some tech earnings disappointments, and caution ahead of imminent catalysts.
Strong earnings report from Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) fueled a rebound by tech stocks on Wednesday but macro concerns reignited the selling pressure on Thursday. Separate reports on the manufacturing sector and the job market proved to be the undoing of the sector, with traders largely ignoring Meta Platform, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) fairly robust earnings.
The selling pressure extended to Friday&#8217;s session as Intel Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) earnings miss and reports of a potential Federal Trade Commission probe into high-flying Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) sapped risk appetite of traders toward tech stocks.
Commenting on the week&#8217;s tech sell-off, Wedbush analyst Daniel Ives said, &#8220;The perfect storm panicked tech sell-off has now gained steam after the weaker jobs report&#8230;fueled the R word fears and worries the Fed is now too late in its cutting cycle with tech stocks in the center of this Category 5 storm sell- off.&#8221;
Here&#8217;s how the major tech stocks and exchange-traded funds fared in the week ended Aug. 2:
<ul>
<li>iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>): -9.84%</li>
<li>Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>): -3.07%</li>
<li>Vanguard Information Technology Index Fund ETF Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>): -4.90%</li>
<li>Direxion Daily Semiconductor Bull 3X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXL#NASDAQ">SOXL</a>): -30.01%</li>
<li>T-Rex 2X Long NVIDIA Daily Target ETF (CBOE: NVDX): -12.21%</li>
<li>Nvidia: -5.12%</li>
<li>Intel: -31.48%</li>
<li>AMD: -5.35%</li>
<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>): -23.86% (the decline in part was due to quarterly earnings)</li>
<li>Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>): +0.87%</li>
</ul>
The Nasdaq 100 Index, which tracks the performance of 100 biggest non-financial tech stocks, has entered the correction territory following the week&#8217;s sell-off. From a July 11&#8217;s intraday high of 18,671.07, the Nasdaq 100 has lost a little over 10%. A pullback of over 10% from a recent high is called a correction in stock market parlance. 
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best Tech Stocks Right Now</a>
What Lies Ahead? Ives says that this tech bull market and historic run for tech stocks isn&#8217;t over. &#8220;This is just a white knuckle moment in a multi-year bull run for tech stocks that need hand holding,&#8221; he said.
The analyst called for soft-landing and expects the Fed to kickstart a major cutting cycle the next 18 months. 
Ives&#8217; optimism on tech stocks is premised mainly on his confidence in the artificial intelligence technology.
&#8220;We strongly believe this is still the early innings of a $1 trillion AI Cap Ex cycle that will be a 4th Industrial Revolution fueling the broader tech sector for years to come with accelerated growth rates across the tech ecosystem,&#8221; he said.
&nbsp;This June quarter earnings season validated Wedbush&#8217;s bull thesis and field checks around the massive cloud buildouts, Ivs said. 
&#8220;While we clearly get the worries/fears the US consumer is weakening (Amazon consumer softer print), Fed is late to the game, hard landing/hello again bear thesis returning&#8230;we focus on tech spending and the winners that will be front and center in this massive AI tech buildout that is still in the 2nd inning of a 9 inning game,&#8221; he said.
The prospect of the Fed embarking on rate cuts, though negative for mega-caps, may prove healthy for SMID-cap tech stocks. Also, regulatory overhang is in the spotlight in the wake of the presidential election. A Republicans victory is seen by many as resulting in a far less stringent regulatory environment.
Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) , another AI-levered name, is <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40129511/palantir-faces-critical-prove-me-moment-analyst-says-commercial-growth-will-be-star">on track to report earnings in the unfolding week, </a>potentially offering insights into the strength of the AI wave. On the economic front, things will likely be a little bit slow, with two service sector activity readings and jobless claims among the notable releases.
The QQQ ended Friday&#8217;s session down 2.37% at $448.75, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data</a>.
Read Next:<a href="https://www.benzinga.com/news/earnings/24/08/40116376/apple-q3-earnings-beat-expectations-tim-cook-highlights-breakthrough-ai-platform-installed-base-of-"> </a>
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40116376/apple-q3-earnings-beat-expectations-tim-cook-highlights-breakthrough-ai-platform-installed-base-of-">Apple Q3 Earnings Beat Expectations, Tim Cook Highlights &#8216;Breakthrough&#8217; AI Platform: Installed Base Of Devices Hits All-Time High, But China Revenue Falls&nbsp;</a></li>
</ul>

Tech Sell-Off Takes QQQ To Correction Territory, Nvidia Sheds Over 5% For Week: Analyst Says 'Just A White Knuckle Moment In A Multi-year Bull Run'

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:
<ul>
<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: 
<ul>
<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

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

Rosenblatt analyst Hans Mosesmann maintained a Sell rating on Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a <a href="https://www.benzinga.com/quote/INTC/analyst-ratings" target="_blank" rel="noreferrer noopener">price target of $17</a>.
Mosesmann expects Intel to deliver inline fiscal 2024 second-quarter earnings based on flat to up sales growth, stabilizing PC dynamics, and a bottoming in the Altera, Mobileye, and NEX segments.
The analyst expects the management to issue a modest growth guidance for the third quarter, likely below his mid-to-high single-digit expectation of weaker server Sierra Forrest and Granite Rapids ramps as Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) continues to gain share on EPYC4 and newer EPYC5 road maps.
<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/2024/07/29094043/newplot-71.png" alt="" class="wp-image-462536" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29094043/newplot-71.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29094043/newplot-71-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Mosesmann projected a second-quarter revenue of $13 billion, which aligns with the consensus. Guidance for the quarter is for $12.5 billion &#8211; $13.5 billion. The analyst and consensus expect an adjusted gross margin of 43.5% and 42.7%, respectively. Guidance for the June quarter was for 43.5%.
Mosesmann expects an adjusted EPS of $0.10, which aligns with guidance and consensus.
For the September quarter, Mosesmann projected revenue of $14 billion vs. the consensus of $14.4 billion. The analyst&#8217;s estimate for adjusted gross margin is 44.8%, slightly lower than the consensus estimate of 46.2%. Mosesmann&#8217;s adjusted EPS is $0.14, below the consensus of $0.32.
For fiscal 2024, the analyst projected revenue of $54.7 billion and adjusted EPS of $0.64, below the consensus of $56 billion and $1.11.
For fiscal 2025, Mosesmann projected revenue of $61 billion and adjusted EPS of $1.20, below the consensus of $62.8 billion billion and $1.92.
For fiscal 2026, the analyst projected revenue of $61 billion and adjusted EPS of $1.05.
Intel stock lost over 13% in the last 12 months. Investors can gain exposure to the stock through Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>) and Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>).
Price Action: INTC shares traded lower by 1.28% at $30.95 at last check Monday.
Photo via Shutterstock

Intel Analyst Flags AMD Competition as Key Challenge, Predicts Modest Growth For Q2

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: 
<ul>
<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

Cloud software company GitLab Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) is exploring a potential sale after receiving acquisition interest, according to sources familiar with the matter, according to a Reuters report.
Google parent Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) holds a 22.2% voting stake in GitLab through its venture capital arm.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/06/39146733/gitlab-q1-earnings-revenue-beat-eps-beat-raised-guidance-and-more" rel="noreferrer noopener">GitLab Q1 Earnings: Revenue Beat, EPS Beat, Raised Guidance And More</a>
GitLab, which has a market value of about $8 billion, is working with investment bankers to manage the sale process, which has garnered interest from peers, including cloud monitoring firm Datadog Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), Reuters reports.
<a target="_blank" href="https://www.benzinga.com/news/24/07/39795029/googles-potential-23b-wiz-acquisition-set-to-enhance-cloud-security" rel="noreferrer noopener">Deal-making in</a> the technology sector is on the rise, driven by advancements in artificial intelligence and cloud computing.
GitLab CEO and co-founder Sid Sijbrandij recently announced that he is undergoing treatment for osteosarcoma, a form of cancer, for the second time.
Investors can gain exposure to GitLab through First Trust Cloud Computing ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYY#NASDAQ">SKYY</a>) and Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>).
<h2 class="wp-block-heading">GTLB Stock Prediction For 2024</h2>
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at GitLab, 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 GitLab, the 200-day moving average sits at $55.6, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is above the current price of $54.96. For more on charts and trend lines, <a href="https://pro.benzinga.com/">see a description here.</a>
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
Price Action: GTLB shares traded higher by 8.36% at $54.90 at the last check on Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/06/39508430/whats-going-on-with-gitlab-stock-on-wednesday" target="_blank" rel="noreferrer noopener">GitLab Shares Climb Following Board&#8217;s Revised Severance Policy</a></li>
</ul>
Photo by T. Schneider via shutterstock

Asset Sales

DDOG

GTLB

SKYY

Alphabet Backed GitLab Stock Soars On Wednesday - What's Going On?

Artificial intelligence chip stock Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) saw a continued rally in 2024 as the AI frenzy is in no mood to slow down. The stock surged 167% year-to-date.
Tech investor James Anderson&nbsp;expects Nvidia&nbsp;to reach a market cap of $50 trillion within <a target="_blank" href="https://www.benzinga.com/news/24/07/39772563/whats-going-on-with-ai-stocks-nvidia-amd-on-monday" rel="noreferrer noopener">the next ten years</a>.
However, in the second quarter, Nvidia saw DNB Asset Management make significant adjustments to its U.S.-traded big tech holdings.
DNB trimmed its holdings of Nvidia, despite the stock&#8217;s strong performance, while increasing its positions in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), which had been underperforming in the market, Barron&#8217;s <a target="_blank" href="https://www.barrons.com/articles/nvidia-stock-apple-tesla-intel-65a7bd6a" rel="noreferrer noopener">reports</a>.
Additionally, DNB more than doubled its stake in Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>). DNB manages around $88 billion in assets.
DNB&#8217;s stake adjustment coincided with reports of the French competition authority investigating Nvidia for alleged anti-competitive practices.
Benoit Coeure, the agency&#8217;s president, told Reuters during a press briefing that Nvidia could face charges pending the outcome of the investigation.
Nvidia <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37414352/wall-streets-dean-of-valuation-thinks-youre-setting-yourself-up-to-lose-with-nvidia" rel="noreferrer noopener">has faced skepticism</a> from New York University Stern School of Business Professor Aswath Damodoran over recent months, with the professor repeatedly calling the stock overvalued.
<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/2024/07/16032429/newplot-32.png" alt="" class="wp-image-437635" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16032429/newplot-32.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16032429/newplot-32-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
In March, he reflected on past predictions that didn&#8217;t pan out, suggesting either a misunderstanding on his part or by the market.
Despite Nvidia&#8217;s leading role in AI, Damodoran cautioned that achieving profitability might be more complex than believed.
Investors can gain exposure to Nvidia through Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and iShares S&amp;P 500 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVW#NYSE">IVW</a>).
Price Actions: NVDA shares traded higher by 0.02% at $128.46 premarket at the last check on Tuesday. 
Photo via Wikimedia Commons

TSLA

How To Invest In AI Vs. Tech In A Portfolio

Tech is the top performing sector through Q3, see what names stick out

Vanguard Information Technology ETF declares quarterly distribution of $0.9171

With tech the top performing sector in 2024, these names could have more room to run

In this week's video, we'll review the latest charts to help us answer the question - are you missing the big picture?

Stocks: Are You Missing The Big Picture?

China Goes Big And Fuels More Stock Market Gains; The S&P 500 Has Only Done This 7 Times Before

Can Big Tech's AI Ambitions Continue To Drive Markets Higher?

With numerous advancements and innovations in technology boosting the industry's growth, investing in tech ETFs can offer significant growth. Thus, it could be wise to scoop shares of iShares ETF (IYW), Technology Select Sector (XLK), and Vanguard Information Technology (VGT) for solid returns. Read on… Technology is evolving rapidly with increasing demand and digital transformation worldwide. Therefore, adding tech ETFs to the portfolio can offer a broad spectrum diversification to investors and allow them to yield from the innovations and market growth.
Given the backdrop, let's look at fundamentally solid tech ETFs, iShares U.S. Technology ETF (<a href="https://stocknews.com/stock/IYW/">IYW</a>), The Technology Select Sector SPDR Fund (<a href="https://stocknews.com/stock/XLK/">XLK</a>), and Vanguard Information Technology Index Fund ETF Shares (<a href="https://stocknews.com/stock/VGT/">VGT</a>) for a diversified portfolio.
The tech industry is undergoing a period of remarkable growth and change, with rapid innovations reshaping industries and redefining both consumer behavior and business operations. Tech companies are leading advancements in areas such as AI and cloud computing, driving transformation across sectors and setting new standards for the future.
For instance, for the past three years, Generative AI has emerged as a key focus in the tech sector, with major companies heavily investing in technology. This surge in interest, according to McKinsey Technology Council analysis, has unlocked innovation in related trends like <a href="https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/the-top-trends-in-tech#new-and-notable">robotics and immersive reality</a>, pushing the boundaries of tech advancement.
Innovation is further propelling the AI revolution across segments like applied AI and industrialized machine learning. Gartner (<a href="https://stocknews.com/stock/IT/">IT</a>) predicts a significant rise in global IT spending, projecting <a href="https://www.gartner.com/en/newsroom/press-releases/2024-07-16-gartner-forecasts-worldwide-it-spending-to-grow-7-point-5-percent-in-2024">$5.26 trillion by 2024</a>, up 7.5% from 2023, with Generative AI poised as a major opportunity for software companies.
Amid this, investing in quality tech ETFs could provide exposure to a significant potential segment, positioning investors for solid returns. These ETFs offer diversification by investing in companies engaged in the technology sector.
Given these encouraging trends, let's look at the fundamentals of the top three <a href="https://stocknews.com/category/technology-equities-etfs/">Technology Equities ETFs</a>, beginning with #3.
ETF #3: iShares U.S. Technology ETF (<a href="https://stocknews.com/stock/IYW/">IYW</a>)
Launched by BlackRock, Inc. (<a href="https://stocknews.com/stock/BLK/">BLK</a>) and managed by BlackRock Fund Advisors, IYW focuses on investing in information technology sectors. It aims to mirror the Russell 1000 Technology RIC 22.5/45 Capped Index through a representative sampling approach, targeting diversified exposure across tech companies.
With $18.15 billion in assets under management (<a href="https://www.investopedia.com/terms/a/aum.asp">AUM</a>), IYW's top holdings are Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>) with a 15.77% weighting, Microsoft Corporation (<a href="https://stocknews.com/stock/MSFT/">MSFT</a>) at 15.69%, and NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>) at 13.22%. The fund has a total of 142 holdings, with its top 10 assets comprising 63.15% of its AUM.
IYW has an expense ratio of 0.39%, lower than the category average of 0.58%. Its fund inflows were $106.14 million over the past three months and $2.76 billion over the past year.
IYW pays an annual dividend of $0.32, which translates to a 0.21% yield at the current price level.
The ETF has gained 11.7% over the past six months and 38.4% over the past year to close the last trading session at $149.89. The fund's NAV was <a href="https://www.ishares.com/us/products/239522/ishares-us-technology-etf">$147.91 as of September 19, 2024</a>.
IYW's sound fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The fund has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
IYW has an A grade for Trade and Buy &amp; Hold. Of the 119 ETFs in the <a href="https://stocknews.com/category/technology-equities-etfs/">Technology Equities ETFs</a> group, it is ranked #3.
<a href="https://stocknews.com/stock/IYW/">Click here</a> to see all the IYW ratings.
ETF #2: The Technology Select Sector SPDR Fund (<a href="https://stocknews.com/stock/XLK/">XLK</a>)
Launched by State Street Global Advisors, Inc. and managed by SSGA Funds Management, Inc., XLK invests in companies within the information technology sectors. The fund aims to track the performance of the Technology Select Sector Index, using a full replication technique to closely mirror the index's composition and performance.
With an AUM of $68.04 billion, XLK's top holdings include MSFT with a 22.33% weighting, followed by NVDA at 19.63%, and AAPL at 4.77%.
The ETF has a total of 69 holdings, with its top 10 assets comprising 65.92% of its AUM. XLK's expense ratio is 0.09%, lower than the category average of 0.58%. Over the past year, its fund inflows were $3.93 billion.
XLK pays an annual dividend of $1.52, which translates to a 0.68% yield at the current price level. Moreover, the fund's dividend payouts have increased at a CAGR of 8.1% over the past five years.
XLK has surged 7.8% over the past six months and 32.1% over the past year to close the last trading session at $223.62. The fund's NAV was <a href="https://www.ssga.com/us/en/intermediary/etfs/the-technology-select-sector-spdr-fund-xlk">$223.52 as of September 19, 2024</a>.
XLK's POWR Ratings reflect its strong prospects. The fund has an overall rating of A, translating to a Strong Buy in our proprietary rating system.
XLK has an A grade for Trade and Buy &amp; Hold. Within the Technology Equities ETFs group, it is ranked #2 of the 119 ETFs.
To access all XLK's POWR Ratings, <a href="https://stocknews.com/stock/XLK/">click here</a>.
ETF #1: Vanguard Information Technology Index Fund ETF Shares (<a href="https://stocknews.com/stock/VGT/">VGT</a>)
Launched and managed by The Vanguard Group, Inc., VGT invests in companies within the information technology sectors. The fund aims to track the performance of the MSCI US Investable Market Index (IMI)/Information Technology 25/50. It achieves this by using a full replication technique to closely replicate the index.
The fund has an AUM of $76.64 billion. Its top holdings include AAPL with a 17.22% weighting, followed by MSFT at a 15.84% weighting, and NVDA at 14.07%. VGT has a total of 320 holdings, with the top 10 assets comprising 61.07% of its AUM.
The fund has an expense ratio of 0.10%, compared to the category average of 0.58%. Over the past six months, VGT's fund inflows came in at $3.68 billion and $6.1 billion over the past year.
VGT pays an annual dividend of $3.70, which translates to a 0.64% yield at the current price level. The fund's dividend payouts have grown at a CAGR of 7.9% over the past five years.
VGT has gained 11.4% over the past six months and 35.7% over the past year to close the last trading session at $579.65. The fund has a NAV of <a href="https://investor.vanguard.com/investment-products/etfs/profile/vgt">$579.76 as of September 19, 2024</a>.
VGT's POWR Ratings reflect its strong outlook. The ETF has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has an A grade for Buy &amp; Hold and Trade. The fund has topped 119 ETFs in the Technology Equities ETFs group.
To access all the POWR Ratings for VGT, <a href="https://stocknews.com/stock/VGT/">click here</a>.
What To Do Next?
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VGT shares fell $1.41 (-0.24%) in premarket trading Friday. Year-to-date, VGT has gained 20.21%, versus a 20.89% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/vgt-xlk-iyw-3-tech-etfs-to-buy-for-diversified-exposure-to-innovation/>3 Tech ETFs to Buy for Diversified Exposure to Innovation</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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