AI Demand Drives Semiconductor Industry Growth and Stock Performance

Nvidia, Broadcom, Marvell Positioned For Growth As AI Demand Drives Semiconductor Momentum - Astera Labs (NASDAQ:ALAB), Allegro Microsystems (NASDAQ:ALGM)

Analyst predicts analog/mixed-signal semiconductors may recover in 2025, with Allegro MicroSystems as the top pick. Needham analyst N. Quinn Bolton noted 2024's divergence of the fortunes of semiconductor companies exposed to different end markets. Semiconductor suppliers exposed to the PC, smartphone, industrial, and automotive sectors generally noticed fundamentals under pressure throughout the year. On the other hand, the AI segment experienced strong demand for accelerating deployments of AI infrastructure. Also Read: Taiwan Semiconductor Hits $26.3 Billion Q4 Revenue, Reportedly Ends PowerAIR Deal Over Huawei Chip Breach Amid US Sanctions As a result, AI-driven semiconductor stocks significantly outperformed the S&P 500 Index and non-AI-driven semiconductor stocks in 2024. The performance of AI and non-AI stocks may begin to see some mean reversion, Bolton says. Growth in AI revenue will begin to decelerate and fundamentals for analog/mixed-signal semiconductor companies will start to recover. Bolton named Allegro MicroSystems Inc ALGM his top pick for 2025 and added the company to Needham's Conviction List. Bolton noted that 2024 was the year of the "haves" and the "have nots" in the semiconductor industry. Due to the combination of weak demand conditions and digestion of excess inventory, semiconductor suppliers exposed to the PC, smartphone, industrial, and automotive end markets generally experienced revenue and earnings declines in 2024. While the S&P 500 Index returned 23% in calendar year 2024, the average return for the "non-AI"-driven semiconductor companies in Bolton's coverage universe was -17 %. On the other hand, driven by strong demand for accelerating deployments of AI infrastructure, semiconductor companies with exposure to AI saw robust revenue and earnings growth. On average, the stock prices of AI-driven companies in Bolton's coverage universe increased 147% in 2024, significantly outperforming the 23% return of the S&P 500 over this period. Bolton noted that broad-based, analog/mixed-signal, and cyclical recovery stocks may outperform in 2025. In 2025, Bolton expects the performance of AI and non-AI stocks to begin to see some mean reversion as growth in AI revenue begins to decelerate and fundamentals for analog/mixed-signal semiconductor companies begin to recover. Bolton did not call for this rotation from AI names to analog/mixed-signal or other semiconductor cycle plays to necessarily occur in early 2025. The near-term outlook for many analog/mixed-signal stocks remains muted in the near-term while he expects continued momentum in revenue and earnings for the AI-related stocks. However, Bolton noted this rotation could begin in the Spring to early Summer. AI spending is decelerating, which may lead to multiple contractions. Potential catalysts for the rotation included the end of inventory digestion and improvements in end market demand. The trend toward autonomy and electrification in autos is intact and should drive semiconductor growth, and valuations that are more compelling than those for AI-driven stocks. Bolton also remains positive on Silicon Laboratories, Inc. SLAB, Lattice Semiconductor Corp LSCC, and ON Semiconductor Corp ON. Bolton noted Silicon Labs as an idiosyncratic semiconductor play that is not dependent on a macro recovery in 2025 as new design win ramps in smart meters in India, electronic shelf labeling and continuous glucose monitors, as well as the ramp of new single-stream WiFi 6 and Bluetooth 6 products, should drive sequential growth through the year. Bolton also explained that Lattice Semiconductor is poised for the second half of calendar 2025 recovery as the inventory correction in its Industrial & Automotive segment clears and the company ramps up new Nexus and Avant product offerings. Lastly, while ON Semiconductor management expects sub-seasonal results in the first half of calendar 2025, Bolton noted the company is highly leveraged to a cyclical recovery and could see the name perform well in the second half of calendar 2025. Bolton noted Nvidia Corp NVDA (Buy, $160 price target), Broadcom Inc AVGO, and Marvell Technology Inc MRVL (Buy, $120 price target) will all benefit from the strong unit growth of XPUs, both general purpose GPUs and hyperscaler custom ASICs, over the coming years. Bolton's favorite ways to play the connectivity trend in AI data centers include: Astera Labs Inc ALAB -- Buy, $140 price target Credo Technology CRDO -- Buy, $80 price target MACOM Technology MTSI -- Buy, $150 price target Semtech Corp SMTC -- Buy, $74 price target. Bolton increased his price targets on Astera Labs $100 to $140 and Credo Technology from $70 to $80. Also Read: Nvidia Teams Up with Dutch Government to Build Cutting-Edge AI Supercomputer Facility Image: Shutterstock ALABAstera Labs Inc$123.77-4.58%WatchlistOverviewALGMAllegro Microsystems Inc$22.81-0.65%AVGOBroadcom Inc$225.720.63%CRDOCredo Technology Group Holding Ltd$69.00-6.50%LSCCLattice Semiconductor Corp$54.48-1.56%MRVLMarvell Technology Inc$114.430.10%MTSIMACOM Technology Solutions Holdings Inc$129.94-2.21%NVDANVIDIA Corp$132.29-2.66%ONON Semiconductor Corp$54.250.57%SLABSilicon Laboratories Inc$131.34-1.32%SMTCSemtech Corp$63.63-3.81%Market News and Data brought to you by Benzinga APIs

Nvidia, Broadcom Among Goldman Highlights For AI Opportunities - Applied Mat (NASDAQ:AMAT), Advanced Micro Devices (NASDAQ:AMD)

Nvidia Corp NVDA and peer chip stocks, including Advanced Micro Devices, Inc AMD and Broadcom Inc AVGO, are trading lower Friday as the chip companies remain susceptible to potential sanctions on China regarding artificial intelligence chip exports. The Biden administration could restrict Nvidia's AI chip shipments with three-tier export rules favoring allies like Taiwan and barring Tier 3 nations like China. The Chinese semiconductor equipment industry was estimated to reach $230 billion in 2024, according to Statista. Also Read: Nvidia Teams Up with Dutch Government to Build Cutting-Edge AI Supercomputer Facility Also on Friday, Taiwan Semiconductor reported consolidated revenue of 2.89 trillion New Taiwan dollars between January and December 2024 (up by 33.9% year-on-year), implying it made a consolidated revenue of 868.46 billion New Taiwan dollars ($26.3 billion versus a consensus of $26.2 billion) for the December quarter, up from $19.62 billion a year ago. Goldman Sachs analyst Toshiya Hari pointed out that the semiconductor and semiconductor capital equipment sectors offer significant potential for generating alpha in 2024, particularly among companies supporting the build-out of AI infrastructure. Top Performers in AI Infrastructure Several stocks in the sector have greatly outperformed the broader market, delivering strong returns: Credo Technology Group CRDO +245% Nvidia NVDA +171% Broadcom AVGO +108% Marvell Technology MRVL +83% Arm Holdings ARM +64% Underperformers in Analog, MCU, and Power In contrast, stocks in the Analog, MCU, and Power sectors have significantly underperformed, with notable declines in: Microchip Technology Inc. MCHP -36% Qorvo, Inc. QRVO -38% ON Semiconductor Corp. ON -25% Skyworks Solutions, Inc. SWKS -21% Weak Performance in Semiconductor Capital Equipment Similarly, stocks in the Semiconductor Capital Equipment and Materials segments also lagged behind, including: Cohu, Inc. COHU -25% Entegris, Inc. ENTG -17% Lam Research Corp. LRCX -8% Applied Materials, Inc. AMAT +<1% KLA Corp. KLAC +8% In 2025, Hari recommended investors to own industry leaders in AI and cyclical names as he expected the magnitude of AI earnings beats to moderate, while he envisioned earnings revisions in broad-based semiconductors to turn positive in the latter half of the year. Hari's Buy-rated ideas include Nvidia, Broadcom, Lam Research, Micron Technology, Inc MU, Teradyne, Inc TER (also on the Conviction List) and Entegris. Hari noted Nvidia's GPU as the industry standard, which is supported by the company's large installed base, robust developer ecosystem, and presence in all major Clouds. Nvidia and its partners' ability to innovate will help them preserve their moat. Broadcom is favorably positioned alongside Nvidia, backed by continued growth in the AI Semiconductor business with a potential acceleration in Networking, a recovery in the cyclical parts of its Semiconductor portfolio, sustained revenue growth, and margin expansion in Software. In 2025, although challenging supply-demand dynamics in conventional DRAM and NAND are likely to keep a lid on Street estimates and Micron's valuation multiple in the near term, Hari expects share gains in HBM and enterprise SSD, together with a gradually improving supply-demand backdrop in conventional DRAM and NAND, to catalyze positive EPS revisions and, in turn, better relative stock price performance. Hari expects Lam Research to outperform its immediate peers in 2025. In addition to a quarterly recovery in the overall Wafer Fab Equipment market, he expects idiosyncratic drivers such as the adoption of Gate-All-Around transistors in leading-edge Foundry/Logic and the resumption of technology transitions in 3D NAND to support revenue growth that exceeds the overall WFE market. Hari expects Teradyne to benefit from share gains in Compute SoC test, HBM test, recovery in Mobile SoC test and stabilization and /acceleration in Robotics revenue growth. The analyst also upgraded NXP Semiconductors NXPI from Neutral to Buy and downgraded AMD from Buy to Neutral. The NXP upgrade reflects the analyst's belief that the Automotive MCUs market will begin to price in a cyclical recovery in 2025. Additionally, NXP is taking sufficient strategic steps, mainly its growing focus on the Chinese OEMs, to gain a share in the Automotive semiconductor market over the medium to long run. There is ample potential for NXP's gross and operating margins to expand on a cross-cycle basis. Although Hari remains constructive on the company's ability to take share from Intel Corp INTC in x86-based computing across PCs and traditional servers, the analyst is increasingly concerned that the rise of Arm-based custom CPUs coupled with the competitive intensity in accelerated computing will weigh on AMD's revenue growth relative to peers, exert upward pressure on AMD's operating expenditure profile and, in turn, weigh on the stock's multiple. The underperformance reflects weakness in PC and traditional end-demand and, more recently, slower-than-expected growth in Data Center GPUs. Also Read: Japanese Chipmaker Rapidus Sets Sight on Broadcom to Emulate Taiwan Semiconductor's Market Dominance Photo: Shutterstock AMATApplied Materials Inc$172.39-2.60%Overview Rating:Speculative50%Technicals Analysis660100Financials Analysis400100WatchlistOverviewAMDAdvanced Micro Devices Inc$116.49-4.39%ARMARM Holdings PLC$140.26-3.40%AVGOBroadcom Inc$225.06-1.85%COHUCohu Inc$25.44-3.53%CRDOCredo Technology Group Holding Ltd$73.430.56%ENTGEntegris Inc$99.31-0.45%INTCIntel Corp$19.25-3.19%KLACKLA Corp$685.97-0.03%LRCXLam Research Corp$75.32-2.23%MCHPMicrochip Technology Inc$55.41-1.71%MRVLMarvell Technology Inc$115.31-2.47%MUMicron Technology Inc$99.650.24%NVDANVIDIA Corp$136.64-2.48%NXPINXP Semiconductors NV$208.42-0.62%ONON Semiconductor Corp$54.93-5.80%QRVOQorvo Inc$72.71-0.51%SWKSSkyworks Solutions Inc$91.42-1.31%TERTeradyne Inc$134.91-1.63%Market News and Data brought to you by Benzinga APIs

Analyst Sees 'Broadening Rally' In Semiconductors In 2025: 2 Top Stock Picks, 2 To Avoid - Intel (NASDAQ:INTC), Advanced Micro Devices (NASDAQ:AMD)

Semiconductor stocks could see a separation between those with strong AI exposure and those without. Semiconductor analyst Vivek Arya expects a "surprising broadening rally in semis" in 2025 compared to last year. What Happened: This year will mark a widening divide between "AI haves and cyclical have-nots," Arya says. There are still several unresolved concerns for the semiconductor sector, he adds, citing global tariffs, rising inflation and China restrictions. Read Also: If You Invested $1,000 In NVIDIA Stock When Trump Became President In 2017, Here's How Much You'd Have Now "We expect 1H25 to be dominated by AI stocks, with easier comps and presumed macro improvement leading to 2H cyclical rotation," Arya said. The Stock Picks: Arya highlights Nvidia Corporation NVDA as a top pick due to Blackwell's launch, a compelling valuation, new products and growth highlighted at CES 2025. Arya has a price target of $190 on Nvidia. The stock's forward price-to-earnings ratio is justified due to "stronger growth opportunities ahead," he says. "Data center demand potentially faces strong, long-term demand dynamics," Arya added. Arya also picked Marvell Technology MRVL, which has a $140 price target. The company's 40% to 50%+ compounded annual earnings per share growth potential helps justify this price, he says. A meeting with Marvell management at CES provided "solid visibility" for custom chip ramps for partners Amazon and Microsoft, the analyst added. "We maintain our strong preference for MRVL." Stocks to Avoid: Arya reiterated a Neutral rating on Advanced Micro Devices AMD. He also reiterated an Underperform rating on Intel Corporation INTC. The analyst said AMD's hardware could be more than one year behind Nvidia with software also "well behind" Nvidia. Arya has a $155 price target on AMD. AI growth could be offset by slowdowns in cyclical embedded and console markets, he says. The analyst has a $21 price target on Intel, citing manufacturing uncertainties with risks of a new foundry strategy. "INTC's manufacturing issues are well-known, but less appreciated is the multi-year drag on profitability from returns owed to co-investment partners Apollo and Brookfield." Read Next: 5 Semiconductor Stocks Wall Street Analysts Predict Could Soar In 2025 Image: Shutterstock AMDAdvanced Micro Devices Inc$117.951.65%Overview Rating:Speculative37.5%Technicals Analysis660100Financials Analysis200100WatchlistOverviewINTCIntel Corp$19.200.26%MRVLMarvell Technology Inc$115.150.73%NVDANVIDIA Corp$133.88-1.50%Market News and Data brought to you by Benzinga APIs

Nvidia, Marvell, Synopsys Demonstrate AI Leadership And Strong Chip Design Momentum: Analyst - Analog Devices (NASDAQ:ADI), Advanced Micro Devices (NASDAQ:AMD)

Micron sees positive memory market trends for HBM and eSSD in 2025, while Silicon Labs highlights Bluetooth growth opportunities. Companies exposed to artificial intelligence and accelerated computing have continued to see their end demand and visibility strengthen. That's according to analysts at JPMorgan. Companies exposed to consumer-facing markets like smartphones and IoT are seeing demand trends track in line with expectations, they say. Demand trends in automotive and industrial remain mixed. The assessment comes after JPMorgan held virtual fireside chats in conjunction with the 2025 International Consumer Electronics Show. Marvell Technology, Inc MRVL and Nvidia Corp NVDA management teams were featured. In-person meetings and booth tours were also held with Analog Devices, Inc ADI, Lam Research Corp LRCX, Micron Technology, Inc MU, Synaptics Inc SYNA, Synopsys Inc SNPS, Skyworks Solutions, Inc SWKS, and Silicon Laboratories, Inc SLAB, Also Read: Nvidia Highlights AI Chips Powering PUBG, Robotics' ChatGPT Moment,' Automotive Expansion And More At CES Event Here are the key takeaways from JPMorgan analyst Harlan Sur's Jan. 10 research report: Nvidia sees a strong demand setup for 2025 as it brings to market its Blackwell platform. Marvell noted that its AI revenues are tracking significantly ahead of its prior expectations of $2.5 billion. The firm expects continued growth in 2026 Synopsys' AI and accelerated compute-leading chip and system design remain strong and have a multi-year tailwind. Outside of AI, design activity continues, but at a slightly slower pace, as auto, industrial, and telco sector trends remain muted. The team continues to take a conservative view of China prudently. For Analog Devices, the team anticipates sequential growth trends beyond the January quarter. For Micron, the setup for the second half of 2025 remains strong. It is based on a favorable AI-driven HBM and eSSD demand backdrop combined with a cyclical recovery in non-AI segments (smartphone and PC). Expect new product launches from Nvidia as well as Advanced Micro Devices, Inc AMD and Intel Corp INTC. Synaptics highlighted the strong design win momentum for its Astra platform, WiFi capabilities, and Bluetooth Channel Sounding feature, holding potential for new revenue and content opportunities in foldable phones and PCs. Regarding Skyworks, Sur noted seasonal demand trends in its business with iPhone 16 demand trends aligning with expectations, and return to 10% average radio frequency content growth. The analyst remains selective in the Android markets with limited exposure to China OEMs. In summary, overall demand trends align with Harlan Sur's expectation in calendar 2025 and favored companies with leverage to AI and accelerated computing and those involved in the value chain benefiting from leading-edge chip advancements. Also Read: Nvidia Teams Up With MediaTek to Challenge Intel and AMD in Desktop CPU Market Image: Shutterstock ADIAnalog Devices Inc$213.62-3.09%Overview Rating:Good62.5%Technicals Analysis1000100Financials Analysis400100WatchlistOverviewAMDAdvanced Micro Devices Inc$116.25-4.59%INTCIntel Corp$19.23-3.24%LRCXLam Research Corp$75.35-2.19%MRVLMarvell Technology Inc$115.26-2.52%MUMicron Technology Inc$99.480.07%NVDANVIDIA Corp$136.59-2.51%SLABSilicon Laboratories Inc$132.323.33%SNPSSynopsys Inc$495.00-1.40%SWKSSkyworks Solutions Inc$91.54-1.18%SYNASynaptics Inc$76.52-2.63%Market News and Data brought to you by Benzinga APIs

AI Chip Stocks Nvidia, Broadcom, AMD, Taiwan Semi, Micron, Super Micro Surge Premarket: Whats Going On? - Apple (NASDAQ:AAPL), Advanced Micro Devices (NASDAQ:AMD)

Nvidia's $3T valuation and Taiwan Semiconductor's 2nm progress spotlight AI-driven chip industry growth. Semiconductor chips stocks, including Nvidia Corp NVDA, Advanced Micro Devices, Inc AMD, Broadcom Inc AVGO, Taiwan Semiconductor Manufacturing Co TSM, STMicroelectronics STM, Marvell Technology, Inc MRVL, Micron Technology, Inc MU, Arm Holdings plc ARM, Qualcomm Inc QCOM, Super Micro Computer, Inc SMCI surged during premarket trading on Monday ahead of the Consumer Electronics Show (CES) in Las Vegas on Tuesday. The investor enthusiasm also reflects Big Tech giant Microsoft Corp's MSFT plans to commit $80 billion to developing AI data centers in fiscal 2025. Additionally, Foxconn, also known as Hon Hai Technology, reported robust revenue in the fourth quarter, backed by cloud and networking products revenue and AI server demand. Also Read: Alibaba Cloud Joins Forces With Ex-Google Exec's Unicorn To Boost AI Models The Taiwanese Apple Inc AAPL and Nvidia supplier's revenue grew by over 15%, reaching $64.8 billion. December revenue grew by over 42% to $19.9 billion. Investors expect Nvidia to offer positive pointers at CES, as Focus Taiwan cites MasterLink Securities analyst Tom Tang alluding to Nvidia chief Jenseng Huang's keynote speech at the event. The semiconductor chip stocks had a remarkable run in 2024, backed by the AI frenzy, pivotal to the S&P 500 and Nasdaq index's gains of 23% -- 29% in 2024. Last year, a third of the 10 global companies worth over $1 trillion valuation were from the chip industry. Notably, Nvidia's valuation surged by over $2 trillion in 2024, breaching the $3 trillion mark. This was backed by its GPUs, which initially targeted video games but ended up being critical hardware for developing AI models. Broadcom joined the trillion-dollar club in 2024, supported by demand for its custom chips. Contract chipmaker Taiwan Semiconductor remains on track to produce 2nm chips in Taiwan and commercialize 4nm chips at its Arizona fab. It is a key supplier to companies such as Apple, Nvidia, AMD, and more. Dan Ives of Wedbush expects tech stocks to post a 25% gain in 2025, backed by favorable policies from President-elect Donald Trump and Big Tech spending. Investors can gain exposure to semiconductor stocks through ProShares Ultra Semiconductors USD and Invesco PHLX Semiconductor ETF SOXQ. Also Read: Goldman Sachs Sees Strong Upside In Li Auto on New Model Pipeline and Autonomous Driving Advances Photo: Shutterstock Market News and Data brought to you by Benzinga APIs

Nvidia's AI Leadership Shines While ON Semiconductor Faces Demand Slump: Analyst - NVIDIA (NASDAQ:NVDA), ON Semiconductor (NASDAQ:ON)

ON Semiconductor downgraded due to weak demand, while Analog Devices sees growth from sound investments and M&A strategies. Truist analyst William Stein attended CES 2025 this past week and hosted several meetings with high-profile companies in the semiconductor sector. The over-arching theme is that spending on AI infrastructure is firm, which benefits Nvidia Corp NVDA as it penetrates the $35 billion client compute market, challenging Intel Corp INTC and Advanced Micro Devices, Inc AMD. Demand for diversified end market semiconductors is mixed to weak, with ON Semiconductor Corp ON sounding particularly weak, prompting an analyst downgrade. Additionally, Stein increased his Analog Devices, Inc ADI price target. Also Read: Nvidia Highlights AI Chips Powering PUBG, Robotics 'ChatGPT Moment,' Automotive Expansion And More At CES Event Stein noted Nvidia as the AI company, a sustainable leader in massively parallel and heterogeneous compute chips, software, and, lately, services to enable AI & related applications. Nvidia's leadership is steered more by its culture of innovation, an ecosystem of incumbency, and substantial investment in software, services, and base AI models, making its chips a default choice for most engineers building AI systems. The analyst expects Nvidia's superior gaming and server acceleration positioning and AI to support structural fundamental growth and stock outperformance. Stein noted that Analog Devices is capitalizing on sound organic investments and creating a better future with M&A, including accelerating sales growth and improving expense efficiencies. After a series of stumbles, Intel lost its leadership positions in semiconductor manufacturing process technology to Taiwan Semiconductor Manufacturing Co TSM and CPU performance to AMD. The company recently established a clear goal to regain process and product leadership. Currently, and over the next few years, the company's competitive position, margins, and cash flows have subsided. On Semiconductor is in the middle to late innings of a significant transformation. The changes are rooted in shifting to an "IP-first" strategy from a "manufacturing-first" strategy. Unfortunately, the company is experiencing a substantial shortfall in demand that mutes Stein's optimism in the near to medium term. Also Read: Micron's $7 Billion Bet on AI-Driven Memory In Singapore Facility Set to Boost Innovation Photo via Shutterstock. Market News and Data brought to you by Benzinga APIs

AI, Quantum, And Robotics in Focus - All Eyes On Nvidia CEO Keynote - Applied Mat (NASDAQ:AMAT), Apple (NASDAQ:AAPL)

To gain an edge, this is what you need to know today. All Eyes On Nvidia An enlarged chart of NVIDIA Corp NVDA. Note the following: This article is about the big picture, not an individual stock. The chart of NVDA stock is being used to illustrate the point. The chart shows that NVDA stock ran up on Friday in advance of the Consumer Electronics Shows (CES). The chart shows that in the early trade NVDA stock is further gaining. The chart shows NVDA stock is at the low band of the resistance zone. CES kicks off with a keynote address from Nvidia's CEO Jensen Huang today at 6:30pm PST. Huang is usually positive about the future of Nvidia in his speeches. NVDA stock is running up in anticipation of Huang's keynote address. Prudent investors should pay attention to what Huang says and how he says, as it will likely be market moving. There is also anticipation around the possible presentation of Nvidia's next gen chip Rubin. The themes for CES 2025 are artificial intelligence, quantum computing, and robotics. The momo crowd is aggressively buying. They are focused on AI stocks. Adding to the buzz around AI today is positive earnings from Foxconn. Foxconn is a supplier for both Apple Inc AAPL and Nvidia. Stocks of NVDA, ASML Holding NV ASML, Taiwan Semiconductor Mfg. Co. Ltd. TSM, Applied Materials Inc AMAT, Super Micro Computer Inc SMCI, Dell Technologies Inc DELL, Vertiv Holdings Co VRT, Micron Technology Inc MU, SK Hynix (HXSCL, HXSCF), Infineon Technologies AG IFNNY, and STMicroelectronics NV STM are moving up Foxconn earnings. The stock market is also excited about Microsoft Corp MSFT decision to spend $80B on AI data centers in 2025. Magnificent Seven Money Flows In the early trade, money flows are positive in Amazon.com, Inc., NVDA, MSFT, Alphabet Inc Class C, Meta Platforms Inc, Tesla Inc, and AAPL. In the early trade, money flows are positive in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Momo Crowd And Smart Money In Stocks Investors can gain an edge by knowing money flows in SPY and QQQ. Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil. The most popular ETF for gold is SPDR Gold Trust. The most popular ETF for silver is iShares Silver Trust. The most popular ETF for oil is United States Oil ETF. Bitcoin Bitcoin is range bound. Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary protection band from The Arora Report is very popular. The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever Generate Wealth Newsletter. AAPLApple Inc$245.480.87%Overview Rating:Good75%Technicals Analysis1000100Financials Analysis600100WatchlistOverviewAMATApplied Materials Inc$178.995.25%ASMLASML Holding NV$769.377.70%DELLDell Technologies Inc$124.423.76%IFNNYInfineon Technologies AG$34.477.59%MSFTMicrosoft Corp$429.521.46%MUMicron Technology Inc$100.0611.3%NVDANVIDIA Corp$151.124.60%SMCISuper Micro Computer Inc$36.439.31%STMSTMicroelectronics NV$26.337.87%TSMTaiwan Semiconductor Manufacturing Co Ltd$219.685.31%VRTVertiv Holdings Co$134.156.74%Market News and Data brought to you by Benzinga APIs