Amazon.com (NASDAQ:AMZN) Stock, Quote.Headers.trade-ideas

Amazon.com

Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 75% of total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (15%), advertising services (5% to 10%), and other the remainder. International segments constitute 25% to 30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan.

amazon chart shutter2

News

Tech

General

ADBE

AMZN

Tech companies rush to launch AI products to capture market share. Amazon&#39;s AI video generator competes with Adobe&#39;s Firefly and others.

Amazon&#39;s AI Effort Takes Aim At A Household Name With New Video Technology

analyst_ratings_image_8736

$BTC

AAPL

FSLR

GOOG

MSFT

NVDA

TSLA





To gain an edge, this is what you need to know today.

$5 Trillion Worth Of Quad Witching, AI Leading To Revivial Of Nuclear Power

Amazon Prime

Entertainment

Ahead of the busy holiday season and a Prime Day-like sale on Oct. 8-9, Amazon has announced new benefits for its warehouse workers, starting next year.

Amazon Extends Free Prime Membership To Warehouse Workers, But Corporate Staff Left Out Ahead Of Holiday Rush

Amazon.com Inc

<a href="https://deadline.com/2024/09/amazon-head-of-docuseries-alysia-russo-joins-netflix-1236094996/" title="https://deadline.com/2024/09/amazon-head-of-docuseries-alysia-russo-joins-netflix-1236094996/">https://deadline.com/2024/09/amazon-head-of-docuseries-alysia-russo-joins-netflix-1236094996/</a>

NFLX

'Amazon's Head Of Docuseries Alysia Russo Leaves, Joins Netflix' - Deadline

Large tech companies are in a race to release new AI-driven <a href="https://www.benzinga.com/topic/artificial-intelligence">products and services</a>, aiming to capture a share of the rapidly expanding market. On Thursday, Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) unveiled its beta version of a video-generation tool powered by <a href="https://www.aboutamazon.com/news/innovation-at-amazon/amazon-ads-generative-ai-video-generator-advertisers">artificial intelligence in a blog post.</a>
The new tool enables advertisers to create videos using Amazon's AI technology. This product could compete with Adobe Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) upcoming text-to-video service, Firefly, which is expected to launch in beta later this year, <a href="https://www.theverge.com/2024/9/11/24241649/adobe-firefly-text-to-video-generative-ai-features-preview">according </a>to The Verge.
Amazon's video generator will initially be available in beta to select advertisers, allowing them to create promotional videos for their products using Amazon's AI at no additional cost.
Read Also: <a href="https://www.benzinga.com/news/large-cap/24/09/40930357/amazon-ends-remote-work-former-employee-asks-if-this-is-the-companys-version-of-silent-sacking">Amazon Ends Remote Work, Former Employee Asks If This Is The Company&#8217;s Version Of &#8216;Silent Sacking&#8217;</a>
"Video generator is another meaningful innovation that leverages generative AI to inspire creativity and deliver more value for both advertisers and shoppers," Amazon Ads vice president of product and technology Jay Richman said. Amazon and Adobe are not alone in the AI-powered video generator space. Other companies, like OpenAI, have also teased technology allowing users to create videos through simple text prompts such as "dog running through a field." Amazon&#8217;s video-generating technology is aimed at allowing companies to create a short video advertisement based on a single image of a product. If a company is selling a pair of shoes on Amazon, it will be able to turn a picture of the shoes into a short video advertisement showcasing the shoes in action. What Is Amazon Ads? Amazon Ads is the company's advertising arm, offering various marketing strategies and solutions to companies of all sizes. According to its website, companies can launch an advertising campaign through Amazon Ads in five minutes or less. Keep Reading: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40847157/jim-cramer-rebukes-analysts-for-harsh-stance-on-adobe-despite-strong-q3-earnings-report-asks-for">Jim Cramer Rebukes Analysts For Harsh Stance On Adobe Despite Strong Q3 Earnings Report — Asks For Balanced Perspective Between &#8216;Total Euphoria And Total Skepticism&#8217;</a></li>
</ul>
Some elements of this story were previously reported by Benzinga and it has been updated.
Photo: Shutterstock

Amazon's AI Effort Takes Aim At A Household Name With New Video Technology

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/09/2024-09-20_08h35_26-1.png" alt="" /></figure>
To gain an edge, this is what you need to know today.
<h3 class="wp-block-heading">Nuclear Power Revival</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-quad-witching-nuclear-power-revival-ceg-mc-09202024">click here</a> for an enlarged chart of Constellation Energy Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of CEG is being used to illustrate the point.</li>
<li>To feed the power hungry AI data centers, Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is signing a power purchase agreement with CEG.</li>
<li>The chart shows the gap up on CEG news.</li>
<li>The chart shows that CEG is in the resistance zone.</li>
<li>RSI on the chart shows that CEG is very overbought.&nbsp; An overbought stock tends to pullback.</li>
<li>Based on the quantitative screen of The Arora Report's ZYX Change Method, CEG is way overvalued at this time.&nbsp; However, CEG will benefit from AI, and as such, it is on our radar to give a signal when it is appropriate.</li>
<li>To provide the power, CEG will restart Three Mile Island Unit 1.&nbsp; This reactor was shut down about five years ago due to economic reasons.&nbsp; Three Mile Island Unit 2 is famous for a partial melt down, which caused the most serious nuclear accident on U.S. soil.&nbsp; In addition to CEG, there are opportunities in other energy producers that will help meet the massive power demand for AI.
<ul>
<li>Quanta Services Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) is a contractor to electric utilities and is benefiting from the AI power demand.&nbsp; As full disclosure, PWR is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio. PWR is long from $37.&nbsp; </li>
<li>First Solar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), which provides solar power to data centers. As full disclosure, FSLR is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio.</li>
<li>A new name that is on The Arora Report&#8217;s radar is Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>). As full disclosure, a signal may be given when appropriate.</li>
</ul>
</li>
<li>We shared with readers yesterday that quad witching was to the upside.
<ul>
<li>A part of the strength in the stock market yesterday was due to quad witching and not due to the Fed's 50 bps interest rate cut.</li>
<li>About $5 trillion notional value of stock derivatives are expiring today.&nbsp; This is a huge amount but not a record.</li>
<li>This morning, expiring futures are exerting downward pressure on the market after yesterday's runup.&nbsp; Futures are expiring this morning.</li>
<li>Options will expire in the afternoon.</li>
</ul>
</li>
<li>Historically, gains due to quad witching tend to reverse in the following week and sometimes even on the expiration day.</li>
</ul>
<h3 class="wp-block-heading">Japan</h3>
In a relief to U.S. stock investors, the Bank of Japan (BOJ) left interest rates unchanged.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).
In the early trade, money flows are neutral in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and MSFT.
In the early trade, money flows are negative in NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
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 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Trump's advocacy continues to bring buying into Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). Here is the key question: Will bitcoin whales take advantage of the strength to sell as is their pattern?
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
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.&nbsp; 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.&nbsp; 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.&nbsp; 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.&nbsp; 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.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
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.&nbsp; 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 <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Amazon Disagrees With Court's Decision In Nokia Case, Confident In Quick Resolution; Confirms Fire TV Devices Remain Available And Expresses Disappointment In Nokia's Actions

Evercore ISI Group analyst Mark Mahaney maintains Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) with a Outperform and raises the price target from $225 to $240.

Price Target

Analyst Ratings

Evercore ISI Group Maintains Outperform on Amazon.com, Raises Price Target to $240

Ahead of the busy holiday season and a Prime Day-like sale on Oct. 8-9, Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has announced <a href="https://www.benzinga.com/news/24/09/40927136/amazon-boosts-worker-pay-to-over-29hour-invests-2-2b-as-holiday-kicks-in">new benefits for its warehouse workers</a>, starting next year.
What Happened: The new perk comes alongside a pay increase of at least $1.50 per hour for front-line employees. Prime membership, launched in 2005, now costs $14.99 per month or $139 annually and offers various benefits. The company <a href="https://fortune.com/2024/09/20/amazon-warehouse-workers-prime-membership/">told</a> Fortune that the free Prime membership is exclusively available to front-line workers.
Amazon&#8217;s Vice President of Worldwide Operations, Udit Madan, stated in a blog <a href="https://www.aboutamazon.com/news/workplace/amazon-wage-increase-new-benefits-for-hourly-us-employees">post</a> that front-line team members are crucial in delivering Prime&#8217;s benefits to customers. However, this perk is exclusive to warehouse workers; corporate employees must still pay for their own subscriptions.
Despite the wage increase, warehouse workers&#8217; pay remains significantly lower than that of corporate employees. According to ZipRecruiter, the average Amazon corporate employee earns $133,000 annually.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40932192/trump-pays-up-for-smash-burgers-and-diet-cokes-with-bitcoin-during-new-york-campaign-halt-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Pays Up For Smash Burgers And Diet Cokes With Bitcoin During New York Campaign Halt</a>
Why It Matters: The announcement comes at a time when Amazon is making several strategic moves. On Thursday, Amazon launched a <a href="https://www.benzinga.com/news/large-cap/24/09/40942266/amazon-launches-ai-assistant-codenamed-project-amelia">generative AI-powered personal assistant</a>, Project Amelia, aimed at helping U.S. sellers with personalized answers and updates.
Amazon ended its remote work policy, mandating a <a href="https://www.benzinga.com/news/large-cap/24/09/40930357/amazon-ends-remote-work-former-employee-asks-if-this-is-the-companys-version-of-silent-sacking">return to full-time office work starting in January</a>. 
This decision has drawn attention and criticism, <a href="https://www.benzinga.com/news/large-cap/24/09/40930357/amazon-ends-remote-work-former-employee-asks-if-this-is-the-companys-version-of-silent-sacking">particularly from former employees</a> like John McBride, who questioned if this move was a form of &#8220;silent sacking&#8221; to reduce headcount and boost margins. 
Additionally, Amazon announced on Wednesday that it would <a href="https://www.benzinga.com/news/24/09/40927136/amazon-boosts-worker-pay-to-over-29hour-invests-2-2b-as-holiday-kicks-in">boost worker pay to over $29 per hour</a>, marking an average increase of $3,000 annually for full-time employees. This $2.2 billion investment is part of the company&#8217;s efforts to improve worker compensation amid regulatory scrutiny and unionization efforts. 
Amazon&#8217;s <a href="https://www.benzinga.com/markets/equities/24/09/40912814/amazon-told-its-staff-they-must-come-to-office-five-days-a-week-but-its-primary-healthcare-subsi">return-to-office mandate also extends</a> to its One Medical subsidiary, which requires employees to come into the office three times a week starting in October. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40913080/shiba-inu-team-says-launching-k9-finance-liquid-staking-on-shibarium-tomorrow-are-shib-bur?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Team Says Launching K9 Finance Liquid Staking On Shibarium Tomorrow: Are SHIB Burns Set To Accelerate From Here On Now?</a></li>
</ul>
Photo courtesy: Unsplash
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

The 2024 National Football League season enters Week 3 with nine of the 32 teams holding a perfect 2-0 record, including the Kansas City Chiefs, hoping to become the first NFL team to win<a href="https://www.benzinga.com/general/sports-betting/24/07/39752864/bettors-favor-kansas-city-chiefs-for-super-bowl-three-peat-heres-a-look-at-how-states-are-"> three straight Super Bowls.</a>
Here's a look at the betting odds and media companies that could benefit in the third week of the 2024 NFL season.
Week 3 Betting Odds: Week 3 features 16 <a href="https://www.benzinga.com/general/entertainment/24/09/40886493/nfl-games-dominate-week-1-ratings-start-week-2-with-a-bang-here-these-companies-might-benef">NFL games </a>across Thursday, Sunday and Monday and will see two matchups of 2-0 perfect teams.
Here are the week 3 matchups and the betting odds from sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) with the team's records in parentheses.
<ul>
<li>New England Patriots (1-1) at New York Jets (1-1) -6</li>
<li>Denver Broncos (0-2) at Tampa Bay Buccaneers (2-0) -6.5</li>
<li>Los Angeles Chargers (2-0) at Pittsburgh Steelers (2-0) -1.5</li>
<li>New York Giants (0-2) at Cleveland Browns (1-1) -6.5</li>
<li>Houston Texans (2-0) -2 at Minnesota Vikings (2-0)</li>
<li>Philadelphia Eagles (1-1) at New Orleans Saints (2-0) -2.5</li>
<li>Green Bay Packers (1-1) at Tennessee Titans (0-2) -2</li>
<li>Chicago Bears (1-1) at Indianapolis Colts (0-2) -1.5</li>
<li>Carolina Panthers (0-2) at Las Vegas Raiders (1-1) -5</li>
<li>Miami Dolphins (1-1) at Seattle Seahawks (2-0) -4.5</li>
<li>Detroit Lions (1-1) -3 at Arizona Cardinals (1-1)</li>
<li>Baltimore Ravens (0-2) -1 at Dallas Cowboys (1-1)</li>
<li>San Francisco 49ers (1-1) -7 at Los Angeles Rams (0-2)</li>
<li>Kansas City Chiefs (2-0) -3.5 at Atlanta Falcons (1-1)</li>
<li>Jacksonville Jaguars (0-2) at Buffalo Bills (2-0) -5</li>
<li>Washington Commanders (1-1) at Cincinnati Bengals (0-2) -7.5</li>
</ul>
A quick look at the betting odds shows five of the away teams favored, down from the six away teams favored in week two and up from two away teams favored in the first week.
The third week features the 2-0 matchups between the Chargers and Steelers and the Texans vs. the Vikings. BetMGM's John Ewing <a href="https://x.com/johnewing/status/1836214185673248852">notes </a>that in the last 10 years, underdogs are 35-20-1 against the spread when undefeated teams play each other.
None of the Week 3 matchups are between 0-2 teams, which means there could still be nine 0-3 teams after the week is over as these teams fight to get a win on their record.
Bettors may focus on 0-2 teams desperate for a win. Ewing noted that 0-2 teams are 52-33-1 against the spread in Week 3 over the past decade.
Thursday night's game kicks off with a big spread of six points, and sports betting reporter Ben Fawkes <a href="https://x.com/BFawkes22/status/1836766403648483476" target="_blank" rel="noopener">notes </a>that it will be the first time the Jets are favored against the Patriots in 25 games. This will end the longest active head-to-head streak of two teams against each other.
Sports betting reporter Evan Abrams <a href="https://x.com/EvanHAbrams/status/1835526810903138789">notes </a>that underdogs of 6+ points are 8-0 against the spread through the first two weeks, marking the best start for big underdogs in NFL history.
According to Fawkes, at DraftKings, the most bets on teams against the spread are the Chiefs -3.5 (81% of bets), Saints -2.5 (78%), Bengals -7.5 (77%), Raiders -5.5 (77%), and 49ers -7 (76%).
Sportsbooks have been<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40885110/draftkings-sportsbooks-could-benefit-from-week-2-nfl-underdogs-winning"> benefitting from underdogs </a>covering the spread and winning outright, and the public is 11-20-1 against the spread through the first two weeks, according to <a href="https://x.com/BFawkes22/status/1836526740220579887">Fawkes</a>.
Read Also: <a href="https://www.benzinga.com/general/sports-betting/24/09/40720484/which-4-teams-have-never-reached-the-super-bowl-betting-payouts-if-history-is-made-in-2024">Which 4 Teams Have Never Reached The Super Bowl? Betting Payouts If History Is Made In 2024 NFL Season</a>
Media Stocks on Watch: NFL games are averaging 19.7 million viewers per game through the first two weeks, up 12% year-over-year, as <a href="https://x.com/NFLMedia/status/1836495412649509024">reported </a>by the league. This marks the second-highest average through the second week in league history.
Here are the national primetime television games for the third week of the NFL season:
<ul>
<li>Thursday, Sept. 19, 8:15 p.m. ET: Patriots, Jets on Prime Video, a unit of Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and NFL+</li>
<li>Sunday, Sept. 22, 8:20 p.m. ET: Chiefs, Falcons on NBC, Peacock, units of Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>)</li>
<li>Monday, Sept. 23, 7:30 p.m. ET: Jaguars, Bills on ESPN, a unit of The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)</li>
<li>Monday, Sept. 23, 8:15 p.m. ET: Commanders, Bengals on ABC, ESPN+, units of Disney</li>
</ul>
The Sunday 1 p.m. ET and 4 p.m. ET games will be broadcast by Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) unit CBS and Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) unit FOX.
Disney could be the big winner for the week with two Monday Night Football games across its networks. Comcast also stands to benefit with a primetime matchup featuring the Chiefs. While Taylor Swift could be in attendance to watch boyfriend Travis Kelce, the Chiefs remain a popular team for viewership regardless. 
The Chiefs&#8217; first two games of the season are the most-watched NFL games, drawing 28 million viewers in Week 1 and 27.9 million in Week 2.
Comcast has two of the top five most watched NFL games through the first two weeks, with CBS, Fox and Disney each having one game on the list.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/08/40555085/sports-illustrated-predicts-detroit-lions-to-win-super-bowl-heres-how-much-100-bet-could-p">Sports Illustrated Predicts Detroit Lions To Win Super Bowl: Here&#8217;s How Much $100 Bet Could Pay If History Is Made</a></li>
</ul>
Photo: Shutterstock

Sports Betting

Sports

CMCSA

DKNG

FOXA

PARA

PARAA

NFL Week 3 Betting Odds, National TV Games: Can Disney Win With Two Monday Night Football Games? How Many 2-0 Teams Will Stay Perfect?

<a href="https://press.aboutamazon.com/aws/2024/9/nxp-semiconductors-selects-aws-to-drive-the-next-era-of-semiconductor-innovation" title="https://press.aboutamazon.com/aws/2024/9/nxp-semiconductors-selects-aws-to-drive-the-next-era-of-semiconductor-innovation">https://press.aboutamazon.com/aws/2024/9/nxp-semiconductors-selects-aws-to-drive-the-next-era-of-semiconductor-innovation</a>

NXPI

'NXP Semiconductors Selects AWS to Drive the Next Era of Semiconductor Innovation' - Amazon

Big tech is acting <a href="https://www.benzinga.com/topic/surveillance">more like Big Brother</a>.
That&#8217;s according to the latest report from the Federal Trade Commission (FTC). The Thursday release details how major social media and video streaming platforms have taken snooping to a whole new level.
"The report lays out how social media and video streaming companies harvest an enormous amount of Americans' personal data and monetize it to the tune of billions of dollars a year," said FTC Chair Lina Khan in a statement Thursday. "While lucrative for the companies, these surveillance practices can endanger people's privacy, threaten their freedoms, and expose them to a host of harms, from identify theft to stalking.&#8221;
The FTC mentions nine companies specifically:
<ul>
<li>Amazon.com Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Twitch</li>
<li>Meta Platforms&#8217; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Facebook</li>
<li>Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) YouTube</li>
<li>X.com, formerly Twitter </li>
<li>ByteDance Ltd., which owns the video-sharing platform TikTok</li>
<li>Discord Inc.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>)</li>
<li>WhatsApp Inc. (also owned by Meta)</li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>)</li>
</ul>
Each company is monetizing the personal information of its users while failing to provide sufficient privacy protections, the FTC claims. 
&#8220;Several firms' failure to adequately protect kids and teens online is especially troubling,&#8221; Khan added, calling the report's findings &#8220;timely,&#8221; particularly as policymakers consider legislation to protect people from &#8220;abusive data practices."
<h1 class="wp-block-heading">Unchecked Data Collection And Sharing</h1>
In 2020, the FTC issued orders to the nine social media and video streaming companies, requiring them to provide data on how they collect, use and present personal information.
What regulators found was that the platforms collected massive amounts of personal data, including from data brokers, not only from users but also from non-users. The data then fuels automated systems for targeted advertising and algorithmic content delivery.
The agency flagged these companies for a lack of transparency and making little effort to inform users or allow them to opt out of data collection. In some cases, the companies failed to delete user data even when requested, raising further concerns about data retention and privacy rights, the report continued.
The FTC found that companies employed privacy-invasive technologies, such as tracking pixels, to monitor users&#8217; behavior and serve personalized ads. These advertising models are the backbone of their businesses, often in direct conflict with user privacy. Companies also <a href="https://www.benzinga.com/general/entertainment/24/04/38054087/facebook-is-selling-your-private-messages-lawsuit-alleges">shared collected data broadly</a> with third parties, amplifying the risk of misuse.
See Also: <a href="https://www.benzinga.com/news/24/07/39848971/new-instagram-study-to-investigate-social-medias-effects-on-teen-mental-health">New Instagram Study to Investigate Social Media&#8217;s Effects On Teen Mental Health</a>
<h1 class="wp-block-heading">Impact On Children And Teens</h1>
The report reveals social media and streaming platforms failed to protect younger users.
Companies either claimed there were no children on their platforms or their services weren't designed for minors. The FTC slammed it as an attempt to bypass regulations like the Children's Online Privacy Protection Act (COPPA).
However, the report highlights many platforms treat teens similarly to adults, without implementing additional safety measures or privacy protections for these vulnerable users.
The report wasn&#8217;t without its critics, including those from within the FTC.
Commissioner Andrew Ferguson, for example, voted to approve the publication of the report but argues it &#8220;should have focused more on proposing legislative improvements to the online rights of parents and children rather than accusing companies of violating existing law under novel, dubious theories.&#8221;
Ferguson argued against the claim that consumers can suffer "extreme harm" by being shown a targeted advertisement. He called it &#8220;a gratuitous attack on the online economy made with the goal of justifying heavy-handed regulation.&#8221;
Indeed, legislators who lean both Democrat and Republican seldom meet in the middle when addressing digital privacy. Recall how Republican Gov. Ron DeSantis signed the country's <a href="https://www.benzinga.com/markets/equities/24/03/37922168/new-florida-law-to-ban-social-media-for-kids-under-14-require-id-checks-on-all-ages-whats-at-sta">most restrictive social media law</a> to date, banning children under 13 from using platforms such as Instagram, Facebook and ByteDance&#8217;s TikTok.
And Beijing-based Bytedance is already facing massive scrutiny from the federal government over fear that user data is vulnerable. A new bill seeks to <a href="https://www.benzinga.com/markets/asia/24/03/37800098/tiktok-ban-china-has-the-power-to-block-sale-gains-leverage-over-washington" target="_blank" rel="noreferrer noopener">force the company to sell its U.S. operations</a> to a local buyer by early 2025. Otherwise, TikTok faces a complete shutdown in the U.S. 
Republican nominee and former President Donald Trump has placed low emphasis on regulation ahead of <a href="https://www.benzinga.com/topic/2024-presidential-election">the 2024 presidential election</a>. After all, he has the support of X.com owner Elon Musk and several Silicon Valley billionaires, including Marc Andreessen <a href="https://sfstandard.com/2024/08/16/felicia-ben-horowitz-party-switch/">and</a> Ben Horowitz.
Vice President Kamala Harris, the Democratic nominee, has not pushed for big tech companies to be broken up. Instead, she argues that these companies should be "regulated in a way that we can ensure the American consumer can be certain that their privacy <a href="https://www.benzinga.com/general/politics/24/07/39889666/kamala-harris-on-ai-tiktok-and-big-tech-breakups-privacy-is-not-being-compromised">is not being compromised</a>."
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40941053/s-p-500-dow-jones-hit-record-highs-magnificent-7-add-400-billion-after-feds-histori">S&amp;P 500, Dow Jones Hit Record Highs: Magnificent 7 Add $400 Billion After Fed&#8217;s Historic Interest Rate Cut</a></li>
</ul>
Image: Pixabay

Government

Regulations

Social Media

GOOGL

RDDT

SNAP

No Privacy For Profit's Sake: FTC Calls Out Amazon, Meta, Big Tech For Exposing Users To 'Host Of Harms'

Large tech companies are racing to launch new artificial intelligence<a href="https://www.benzinga.com/topic/artificial-intelligence"> products and services </a>to capture market share. Most recently, Amazon.com Inc (NADSAQ: AMZN) announced its beta software of a new video-generating tool powered by AI in <a href="https://www.aboutamazon.com/news/innovation-at-amazon/amazon-ads-generative-ai-video-generator-advertisers">a blog post on Thursday. </a>The product allows advertisers to create videos for customers through Amazon's AI software. Amazon's new offering could rival Adobe Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) text-to-video service, Firefly, which is set to launch in beta at some point this year, according to <a href="https://www.theverge.com/2024/9/11/24241649/adobe-firefly-text-to-video-generative-ai-features-preview">The Verge. </a>Amazon's new video generator will be available in beta to select advertisers. Companies will be able to use Amazon's AI systems to create videos to advertise their products at no additional cost. 
Read Also: <a href="https://www.benzinga.com/news/large-cap/24/09/40930357/amazon-ends-remote-work-former-employee-asks-if-this-is-the-companys-version-of-silent-sacking">Amazon Ends Remote Work, Former Employee Asks If This Is The Company&#8217;s Version Of &#8216;Silent Sacking&#8217;</a>
"Video generator is another meaningful innovation that leverages generative AI to inspire creativity and deliver more value for both advertisers and shoppers," Amazon Ads vice president of product and technology Jay Richman said. Amazon and Adobe are not alone in the AI-powered video generator space. Other companies, like OpenAI, have also teased technology allowing users to create videos through simple text prompts such as "dog running through a field." What Is Amazon Ads? Amazon Ads is the company's advertising arm, offering various marketing strategies and solutions to companies of all sizes. According to its website, companies can launch an advertising campaign through Amazon Ads in five minutes or less. Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40847157/jim-cramer-rebukes-analysts-for-harsh-stance-on-adobe-despite-strong-q3-earnings-report-asks-for">Jim Cramer Rebukes Analysts For Harsh Stance On Adobe Despite Strong Q3 Earnings Report — Asks For Balanced Perspective Between &#8216;Total Euphoria And Total Skepticism&#8217;</a></li>
</ul>
Image: Shutterstock

As The AI Arms Race Wages On, Amazon Takes Shot At Rival Adobe With New Text-To-Video Product

Apple Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhone and iPad operating systems have drawn <a target="_blank" href="https://ec.europa.eu/commission/presscorner/detail/en/ip_24_4761" rel="noreferrer noopener">European regulatory attention</a>.
On Thursday, the European Commission initiated&nbsp;two specification proceedings&nbsp;to help Apple&nbsp;comply with its interoperability obligations under&nbsp;the Digital Markets Act (&#8216;DMA&#8217;).
Apple must ensure free interoperability to third-party developers and businesses to alleviate the regulator&#8217;s antitrust concerns.
The Commission will complete&nbsp;the proceedings&nbsp;within six months from their commencement.
In 2021, the European Commission proposed a <a target="_blank" href="http://ec.europa.eu/commission/presscorner/detail/en/ip_21_4613" rel="noreferrer noopener">rule&nbsp;</a>requiring all smartphones to adopt USB-C ports for physical charging.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/21/09/23101686/eu-rules-could-make-usb-c-chargers-mandatory-apple-iphones-may-need-redesign" rel="noreferrer noopener">EU Rules Could Make USB-C Chargers Mandatory, Apple iPhones May Need Redesign</a>
Big Tech companies, including Apple, 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>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), have faced global regulatory scrutiny for allegedly stifling competition with their &#8220;walled gardens,&#8221; as they strive to boost their revenue and profits.
Apple faced regulatory scrutiny for making its operating systems compatible with only Apple hardware, citing better user security.
Google faced antitrust probes over its Search market dominance by paying smartphone companies to make its search engine the default option on <a target="_blank" href="https://www.benzinga.com/government/24/08/40169996/alphabet-loses-antitrust-suit-over-google-search-dominance-report" rel="noreferrer noopener">their web browsers</a>.
U.S. regulators initiated&nbsp;a probe&nbsp;into&nbsp;Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) for alleged influence in the <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40768376/nvidia-faces-antitrust-probe-over-market-dominance-as-doj-ftc-crack-down-on-ai-powerhouses-repor" rel="noreferrer noopener">artificial intelligence chip market</a>.
Meta Platforms recently came under the EU scanner for alleged monopolizing the <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40919557/meta-braces-for-costly-eu-fine-over-marketplace-report" rel="noreferrer noopener">classified advertising market</a>.
It is worth noting that Google&nbsp;won its appeal against the European Commission&#8217;s antitrust fine for its <a target="_blank" href="https://www.benzinga.com/24/09/40915828/google-wins-1-7b-eu-antitrust-fine-appeal-over-5-year-old-online-search-advertising-case" rel="noreferrer noopener">online search advertising business</a>.
Price Action: AAPL stock is trading higher by 3.76% to $226.98 at the last check on Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40940715" target="_blank" rel="noreferrer noopener">Apple Revenue Growth &#8216;Just Too Slow For Investors To Get Excited About&#8217;: Analyst Highlights Advertising As Future Catalyst</a></li>
</ul>
Photo via Apple

Eurozone

Legal

Media

BABA

After Lightning Port, EU Targets Apple's iPhone and iPad Systems, Demands Greater Access for Third-Party Developers

Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) announced a generative AI-powered personal assistant, codenamed Project Amelia, available in beta starting Thursday for an <a href="https://www.aboutamazon.com/news/innovation-at-amazon/amazon-project-amelia">initial set of U.S. sellers.</a>
The Details: Amazon said Project Amelia provides an all-in-one, generative AI-based "selling expert" available from any page within Seller Central. Sellers can ask Amelia knowledge-based questions to receive personalized answers based on Amazon's best practices. Amelia can also provide sellers with status updates, metrics and sales and traffic data.  
Read Next: <a href="https://www.benzinga.com/fintech/24/09/40928342/what-happened-with-sofi-stock-today">What Happened With SoFi Stock Today?</a>
Amazon said Amelia will soon be able to offer resolution paths to issues and tasks by diagnosing problems and, in some cases, offering to take action on behalf of sellers. Amazon will continue to enhance the core knowledgebase for Project Amelia and build on its features and capabilities.&nbsp;
"As Amelia evolves, it will provide a more personalized experience and will increasingly gain the ability to not only converse with sellers, but anticipate their needs, take actions, and resolve issues on their behalf," Amazon said in a blog post.&nbsp;
Project Amelia was developed using the Amazon Bedrock managed service for building generative AI applications and is available in beta Thursday to an initial set of U.S. sellers. Project Amelia will progressively roll out to additional U.S. sellers in the coming weeks and will begin a phased rollout in additional countries later this year.&nbsp;
AMZN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Amazon shares are up 1.5% at $189.24 at the time of publication Thursday.&nbsp;
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40923038/whats-going-on-with-carnival-stock">What&#8217;s Going On With Carnival Stock?</a></li>
</ul>
Image: Unsplash

Large Cap

Movers

Amazon Launches AI Assistant Codenamed 'Project Amelia'

BMO Capital analyst Brian Pitz maintains Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) with a Outperform and maintains $230 price target.

BMO Capital Maintains Outperform on Amazon.com, Maintains $230 Price Target

Mobileye Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) stock was trading higher Thursday after Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) said it does not plan to divest its majority interest <a href="https://www.intc.com/news-events/press-releases/detail/1711/statement-regarding-mobileye" target="_blank" rel="noreferrer noopener">in the company</a>. U.S. Fed rate cut also had a bearing on the <a href="http://U.S. Federal Reserve" target="_blank" rel="noreferrer noopener">stock price movement</a>.
Intel made the statement after winning a multi-year, multi-billion-dollar U.S. chipmaking deal from existing customer Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) cloud unit and <a href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday" target="_blank" rel="noreferrer noopener">U.S. semiconductor grant</a>.
Intel also won up to&nbsp;$3 billion in CHIPS and Science Act funding, in addition to the $8.5 billion in grants and $11 billion in loans the struggling chipmaker previously won under the act.
Also Read: <a href="https://www.benzinga.com/news/24/09/40888884/intel-missed-out-on-playstation-6-chip-deal-to-amd-report" target="_blank" rel="noreferrer noopener">Intel Missed Out on PlayStation 6 Chip Deal to AMD: Report</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/2024/09/19084609/newplot-15.png" alt="" class="wp-image-556163" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19084609/newplot-15.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19084609/newplot-15-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Intel stock is down 43% in the last 12 months as its foundry unit failed to capitalize on the AI shift.
Prior reports indicated Intel&#8217;s plans to divest up to 88% of its stake in the <a href="https://www.benzinga.com/m-a/24/09/40747080/intel-eyes-mobileye-stake-sale-amid-pressure-stock-slides" target="_blank" rel="noreferrer noopener">Israeli autonomous driving company</a>.
Mobileye Global stock is down 70% in the last 12 months as it slashed revenue guidance after posting a topline decline in the second quarter. The company also flagged impending challenges due to China's weak demand. 
It expects fiscal 2024 revenue of $1.60 billion–$1.68 billion below the $1.87 billion analyst estimate.
Price Action: MBLY stock is up 14.4% at $13.28 at last check Thursday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/m-a/24/09/40926078/nvidia-considers-165m-octoai-acquisition-aims-to-strengthen-ai-and-cloud-dominance" target="_blank" rel="noreferrer noopener">Nvidia Considers $165M OctoAI Acquisition, Aims to Strengthen AI and Cloud Dominance</a></li>
</ul>
Photo courtesy of Mobileye.

Asset Sales

INTC

MBLY

What's Going On With Autonomous Driving Stock Mobileye Thursday?

Bulls are stampeding across Wall Street on Thursday in the wake of the Federal Reserve&#8217;s decision to cut interest rates for the first time<a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead"> in over four years</a>.
The central bank&#8217;s bold move, a 50-basis-point cut, caught analysts off guard and sent the U.S. stock market to fresh record highs at the opening of Thursday&#8217;s session.
The S&amp;P 500 soared to a new all-time high, reaching 5,700 points. Similarly, the Dow Jones Industrial Average climbed to an unprecedented 42,000 points.
In the first 30 minutes of trading, the S&amp;P 500 and Dow Jones rose by 1.4% and 1%, respectively. The Nasdaq 100 climbed 1.5%, although the Russell 2000, representing small-cap stocks, outperformed with a surge of over 2%.
The market rally was primarily driven by the Magnificent Seven: Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). Each of the Magnificent Seven are recording daily gains ranging from 1.5% to 4.5%, solidly in positive territory.
<h3 class="wp-block-heading">Chart: S&amp;P 500 Hits Record Highs</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="447" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155-1024x447.png" alt="" class="wp-image-556397" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155-1024x447.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155-300x131.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155-768x336.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155-1536x671.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image: <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1">Benzinga Pro</a></figcaption></figure>
<h3 class="wp-block-heading">Strong Labor Market Eases Slowdown Fears, Analysts Boost Rate-Cut Wagers</h3>
Thursday&#8217;s economic data further boosted investor confidence. Weekly jobless claims came in well below expectations, suggesting a lower-than-expected trend of rising unemployment. 
Continuing jobless claims also dropped more than expected, hinting at a potential absorption of long-term unemployed individuals into the job market. 
This data alleviated concerns about rising unemployment and provided a more optimistic outlook for the economy.
Wall Street analysts quickly adjusted their expectations following the Federal Reserve&#8217;s rate cut. There is now growing anticipation of additional rate cuts, diverging from the cautious tone expressed in the Fed&#8217;s September &#8220;dot plot&#8221; and Chair Jerome Powell&#8216;s remarks during the press conference.
Notably, Goldman Sachs economist Jan Hatzius revised his forecast from expecting a 25-basis-point cut at every other meeting to predicting a rate cut at every meeting. He even left the door open for a back-to-back 50-basis-point reduction in November.
<h3 class="wp-block-heading">Thursday&#8217;s 5 Top-Performing S&amp;P 500 Stocks</h3>
Among the S&amp;P 500, the top five performers as of 10 a.m. ET were:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day Return</td>
</tr>
<tr>
<td>Darden Restaurants, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NASDAQ">DRI</a>) </td>
<td>7.46</td>
</tr>
<tr>
<td>Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>)</td>
<td>5.27</td>
</tr>
<tr>
<td>Cadence Design Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>)</td>
<td>4.40</td>
</tr>
<tr>
<td>Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCRX#NASDAQ">LCRX</a>)</td>
<td>4.34</td>
</tr>
<tr>
<td>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>4.33</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Thursday&#8217;s 5 Top-Performing Dow Jones Industrial Average Stocks</h3>
Among the Dow Jone, the top five performers were:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day Return</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>3.02</td>
</tr>
<tr>
<td>Salesforce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NASDAQ">CRM</a>)</td>
<td>3.01</td>
</tr>
<tr>
<td>The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>)</td>
<td>2.80</td>
</tr>
<tr>
<td>Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>)</td>
<td>2.71</td>
</tr>
<tr>
<td>American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>2.67</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40938732/wall-street-ramps-up-interest-rate-cut-bets-after-fed-meeting-the-hard-landing-crow">Wall Street Ramps Up Interest Rate Cut Bets After Fed Meeting: &#8216;The Hard-Landing Crowd Should Disperse,&#8217; Economist Says</a></li>
</ul>
Photo via Shutterstock.

Analyst Color

Equities

Macro Economic Events

Broad U.S. Equity ETFs

Small Cap

Econ #s

Economics

Federal Reserve

Markets

ETFs

ABNB

CDNS

LCRX

S&P 500, Dow Jones Hit Record Highs: Magnificent 7 Add $400 Billion After Fed's Historic Interest Rate Cut

New generative AI empowers advertisers to elevate creativity, crafting ads that captivate audiences.
Today at Accelerate, Amazon Ads announced a new feature that uses generative AI technology to make it easier for advertisers to create more interesting and relevant video ads for customers. The new feature, Video generator, creates visually rich video content in a matter of minutes and at no additional cost. Using a single product image, Video generator curates custom AI-generated videos tailored to a product's distinct selling proposition and features, leveraging Amazon's unique insights to vividly bring a product story to life.
 <a href="https://www.aboutamazon.com/news/innovation-at-amazon/amazon-ads-generative-ai-video-generator-advertisers" title="https://www.aboutamazon.com/news/innovation-at-amazon/amazon-ads-generative-ai-video-generator-advertisers">https://www.aboutamazon.com/news/innovation-at-amazon/amazon-ads-generative-ai-video-generator-advertisers</a>

'Amazon Ads launches a new AI Video generator—here's your first look at the beta' - Blog Post

Launching today, this personal AI assistant was built using Amazon Bedrock and offers tailored business insights to boost productivity and drive seller growth.
Amazon has been investing in machine learning and AI for more than 25 years in nearly every area of our business, from powering awesome shopping experiences to developing innovative solutions for our selling partners. More recently, advancements in generative AI have made it possible to deliver even more innovative experiences, including further simplifying selling in Amazon's store while providing more powerful avenues for growth. Today, we are introducing in beta a new generative AI-powered personal assistant for sellers, codenamed Project Amelia.
<a href="https://www.aboutamazon.com/news/innovation-at-amazon/amazon-project-amelia" title="https://www.aboutamazon.com/news/innovation-at-amazon/amazon-project-amelia">https://www.aboutamazon.com/news/innovation-at-amazon/amazon-project-amelia</a>

'Amazon launches a powerful new generative AI-based selling assistant codenamed Project Amelia' - Blog Post

Semiconductor stocks especially the ones linked to artificial intelligence technology led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) picked up after the U.S. Federal Reserve cut <a target="_blank" href="https://in.benzinga.com/markets/equities/24/09/40932103/it-stocks-on-the-rise-after-u-s-fed-cuts-interest-rate" rel="noreferrer noopener">benchmark interest rate</a> to spur growth.
The U.S. Federal Reserve decided to cut its benchmark interest rate by 50 basis points in a first since 2020, setting the interest rate at 4.75% and 5%. The cut is expected to boost discretionary spending by the companies.
The rate cut will be a welcome move, as semiconductor companies have invested heavily in Big Tech (including Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>), Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Google parent Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)) spending on their artificial intelligence ambitions, which entail substantial capital expenditures.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40926422/super-micro-poised-for-expansion-as-gross-margin-concerns-ease-internal-control-risks-priced-in-anal" rel="noreferrer noopener">Super Micro Poised for Expansion as Gross Margin Concerns Ease, Internal Control Risks Priced In: Analyst</a>
The semiconductor companies are also under pressure due to the U.S. sanctions on China, a crucial market. Therefore, U.S. investors and the semiconductor chiefs closely watch the agenda of the next President, expecting a softer stance on China.
As per <a target="_blank" href="https://www.benzinga.com/news/24/09/40790177/harris-vs-trump-us-stocks-face-growing-risks-amid-economic-uncertainty-and-upcoming-presidential-ele" rel="noreferrer noopener">a CNBC survey</a>, Republican candidate Donald Trump appeared to be an investor favorite as the S&amp;P 500 and Nasdaq noted significant upside during Trump's tenure as President.
However, the current Biden administration has started doling out semiconductor grants to the companies to consolidate its position.
Contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), a crucial AI chip supplier for U.S. semiconductor companies, remains hugely invested in <a target="_blank" href="https://www.benzinga.com/news/24/09/40928754/what-has-taiwan-semiconductor-stock-done-since-nvidia-earnings" rel="noreferrer noopener">its Arizona fab construction</a> to produce AI chips after bagging U.S. chip subsidies. It recently secured two smartphone chip deals from Google and Apple.
Price Actions: NVDA stock is up 3.16% at $116.95 premarket at last check Thursday. AMD is up 3.74% at $153.84, AVGO is up 3.45% at $167.25, SMCI is up 3.00% at $450.00, TSM is up 2.80% at $171.97, INTC is up 2.31% at $21.25, ARM is up 3.78% at $143.59.
Photo via Shutterstock

AVGO

SMCI

What's Going On With AI Related Stocks Nvidia, AMD, Broadcom And Super Micro On Thursday?

Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) is gearing up for the holiday season with new initiatives<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40931888/walmart-unveils-its-holiday-plans-with-early-shopping-deals-and-affordable-meals" rel="noreferrer noopener"> aimed at convenient shopping habits</a>.
Leading the charge is the return of its inflation-free Thanksgiving meal, now priced lower than last year, set to launch on October 14.
This year, the retailer also introduced a convenient &#8220;buy one, give one&#8221; donation feature, allowing customers to easily contribute meals to those in need.
According to Deloitte&#8217;s annual holiday retail <a target="_blank" href="https://www2.deloitte.com/us/en/pages/about-deloitte/articles/press-releases/Deloitte-Holiday-Retail-Sales-2024-2025.html" rel="noreferrer noopener">forecast</a>, holiday retail sales are expected to rise between 2.3% and 3.3% in 2024. In 2023, holiday sales had a growth rate of 4.3% during the same timeframe.
In the aftermath of COVID, the biggest retailers in the U.S. have captured a significantly larger portion of retail growth, according to a Forbes <a target="_blank" href="https://www.forbes.com/sites/jasongoldberg/2024/05/29/the-holiday-2024-shopping-season-will-be-unlike-any-other/" rel="noreferrer noopener">report </a>released in May.
The report highlighted that Walmart and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) account for about 38% of every additional retail sales dollar, making growth difficult for most other retailers and creating considerable uncertainty.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com//node/40902098" rel="noreferrer noopener">Evaluating Walmart Against Peers In Consumer Staples Distribution &amp; Retail Industry</a>
&#8220;We&#8217;ve worked hard to lower prices across our most exciting assortment ever,&#8221; said Latriece Watkins, executive vice president and chief merchandising officer, Walmart U.S.
Walmart is starting holiday savings events, with the first Walmart Holiday Deals event scheduled from October 8 to October 13.
Walmart said it is also expanding its delivery services, reaching an additional 12 million households, which will provide enhanced speed and convenience for customers looking to shop from the comfort of their homes.
Earlier this week, Sam&#8217;s Club, the&nbsp;$86 billion&nbsp;division of&nbsp;Walmart, introduced a fresh workforce compensation plan, which boosted pay for close to 100,000 frontline associates and provided guidance for&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40900897/sams-club-reimagines-workforce-compensation-launches-new-plan-focused-on-providing-more-predictabl" rel="noreferrer noopener">longer-term financial futures</a>.
More engaged workers proved productive, offered better service, and were more likely to stay, especially as competition heated up in the retail space.
Price Action: WMT shares are trading higher by 0.08% to $79.10 premarket at last check Thursday.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40906505/walmart-division-sams-club-raises-wages-for-hourly-associates-a-strategic-move-to-stay-ahead-in-" target="_blank" rel="noreferrer noopener">Walmart Division Sam&#8217;s Club Raises Wages For Hourly Associates: A Strategic Move To Stay Ahead In Retail</a></li>
</ul>

Walmart Steps Up Holiday Game, Inflation-Free Thanksgiving Meal Returns

NTAP

NetApp Signs Strategic Collaboration Agreement With AWS To Enhance Cloud-Based Data Services, Accelerate Generative AI Efforts, And Drive CloudOps Value

Apple-EU potential tussle over opening OS not likely to have immediate impact: SA analysts

Amazon Continues To Advance Down The Field As It Showcases Value Of Immersion

American Century Ultra Fund Q2 2024 Commentary

Evercore ISI analyst Mark Mahaney reiterated a Buy rating on Amazon (AMZN – Research Report) today and set a price target of $240.00. The company's...

Amazon (AMZN) Receives a Rating Update from a Top Analyst

Janus Henderson Balanced Fund Q2 2024 Commentary

Cisco Should Benefit From AI Buildout While Being A Dividend Growth Play

Nokia's video tech used by Amazon without license, German court rules - Reuters

Janus Henderson Contrarian Fund Q2 2024 Commentary

Amazon identified as key client ending agreement with Progyny - report

In a market that seems to be stuffed full of bad news for Intel ($INTC), it just landed some more. For the first time ever, the Anti-Defamation Lea...

Intel (NASDAQ:INTC) Finds Itself Targeted by the Anti-Defamation League

AEMB

AHYB

AMAT

ANET

ASTS

CSCO

ESGA

ESGY

FUSI

GMED

GTLS

KLAC

KORP

LRCX

LULU

MNST

MRVL

NOKBF

ORCL

PAYC

PGNY

QCON

QGRO

QINT

QPFF

SDSI

SKIN

TAXF

VALQ

WDAY

Screenshot 2024-09-18 at 5.31.01 PM

Emerging Market ETFs

AIBD

AIBU

The Risks And Rewards Of Betting Big On AI &amp; Big Data

Screenshot 2024-09-03 at 5.56.09 PM

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

The Benefits Of Increasing Your Portfolio Diversification With Crypto

Screenshot 2024-08-26 at 7.19.14 PM

FEPI

NVDQ

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

NVDX

Nvidia Is Up Over 150% YTD, But Some Are Flagging Risks – Trade Your Expectation Either Way With REX Shares Leveraged ETFs

Screenshot 2024-08-16 at 7.35.33 PM

Movers & Shakers

AACI

EBAY

RZLV

Rezolve Debuts On Nasdaq And Looks To Level Up E-commerce With AI-Powered Sales Engine

Screenshot 2024-08-16 at 5.47.58 PM

Emerging Markets

Crossroads Summit In Miami To Help Leaders Cut Through Chaos Amid Geopolitical Conflict And Tech Disruption

Screenshot 2024-08-14 at 5.38.47 PM

Commodities

Global Markets Plunge: Why Gold Shines Amid Recession Fears

Screenshot 2024-07-09 at 3.09.39 PM

BNAI

Could AI Threaten The Grid? Companies Like BEN Are Bringing Efficient AI Technology To The Forefront

Screenshot 2024-07-09 at 1.55.05 PM

CSE:PURR

GLIOF

Panther Minerals (OTC: GLIOF) May Be Poised To Benefit Amid Nuclear Power Push For AI Data Center Growth

Screenshot 2024-06-24 at 11.09.03 PM

AENT

TOON

Kartoon Studios Gears Up To Launch Most Ambitious Project Yet With New Winnie-The-Pooh Franchise; Backed By $30M Of Non-Dilutive Financing From Catalyst Venture Partners

Screenshot 2024-06-21 at 6.35.07 PM

SSTK

Apple Becomes Latest Giant To Adopt AI, But Risks Persist – Brand Engagement Network May Have The Solution To Ensure Security In The Age Of AI

Press Releases

AWS Parallel Computing Service is Now Generally Available, Designed to Accelerate Scientific Discovery

Amazon Fresh Introduces New Grocery Savings for Prime Members

National Football League and Amazon Web Services Expand Partnership to Further Shape the Future of Football

Amazon Music Live Returns for Season Three with Series Premiere from Jelly Roll on October 17

Cellebrite Enhances Investigative Analytics Solution with Amazon Web Services (AWS)

Intel and AWS Expand Strategic Collaboration, Helping Advance U.S.-Based Chip Manufacturing

Prime Big Deal Days is Back October 8-9—Offering Prime Members Exclusive Access to Millions of Early Holiday Deals

Buy with Prime and Amazon Multi-Channel Fulfillment Expand with New Capabilities and More Brands

The Risks And Rewards Of Betting Big On AI & Big Data

CLBT

CLBTW

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Amazon.com

Amazon.com (AMZN) Forecast

Amazon.com (NASDAQ:AMZN) Stock, Quote.Headers.trade-ideas