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AAPL Nov 2024 265.000 call

OPR - OPR Delayed price. Currency in USD
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0.20000.0000 (0.00%)
As of 03:56PM EDT. Market open.
Full screen
Previous close0.2000
Open0.1600
Bid0.0000
Ask0.0000
Strike265.00
Expiry date2024-11-15
Day's range0.1600 - 0.2000
Contract rangeN/A
Volume106
Open interestN/A
  • Yahoo Finance Video

    We're starting to see return on AI investments: Portfolio manager

    Most Magnificent Seven tech stocks have underperformed the S&P 500 (^GSPC) so far this year, and the tech sector is attempting a recovery from a lackluster third quarter. The Magnificent Seven is currently comprised of Meta Platforms (META), Microsoft (MSFT), Alphabet (GOOGL, GOOG), Amazon (AMZN), Apple (AAPL), Nvidia (NVDA), and Tesla (TSLA). T. Rowe Price portfolio manager Dominic Rizzo joins Market Domination to discuss how investors can best play the tech sector. Many investors were disappointed during the second quarter earnings season as they looked for significant returns on their AI plays. Rizzo expects this theme to also prevail over the upcoming tech earnings season. However, he argues, "when I look at the return on investment for the hyperscalers and for the entire technology sector, I actually think we're starting to see it." He points to Meta Platforms (META) as an example, explaining, "At one point during the year, people thought that Meta would have Q4 growth rates in the mid-single digits. Now, that number is closer to 20%. And why is that? That's because they've been able to use AI to get a lot better targeting in their core advertising business." He also believes that Apple (AAPL) will see the beginning of an upgrade cycle as it offers AI capabilities on its iPhone 16 series. In addition, he argues that Nvidia (NVDA) is in the best position as the company is "selling the linchpin technology to all of these vendors." While the Magnificent Seven has been under pressure, Rizzo tells Yahoo Finance, "I think the divergence that we've seen amongst the Magnificent Seven, and between the Mag Seven and the S&P 493, is really quite natural." Rizzo notes that the Magnificent Seven has historically grown earnings at a rate of 50 to 100% faster than the rest of the S&P 500. He expects that to continue over the medium term, especially as many of the Magnificent Seven players are well-positioned for AI. However, at this moment, he explains that they are trading only at a 50% premium to the rest of the market, making them cheaper based on a price/earnings-to-growth (PEG) ratio. He finds AI will continue to drive innovation and push further growth in mega-cap tech names. With this dynamic at play, Rizzo expects the AI chip market to grow to $400 billion by 2027. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Melanie Riehl

  • Yahoo Finance Video

    These Magnificent 7 stocks are lagging behind the S&P 500

    After a solid start to the year, the tech sector and some of the "Magnificent Seven" players lagged in the third quarter. Market Domination Host Julie Hyman breaks down the performance of the S&P 500 (^GSPC) over the year and how the index is broadening out heading into the year-end. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Melanie Riehl

  • Bloomberg

    TSMC’s Sales Beat Estimates in Good Sign for AI Chip Demand

    (Bloomberg) -- Taiwan Semiconductor Manufacturing Co. posted a better-than-expected 39% rise in quarterly revenue, assuaging concerns that AI hardware spending is beginning to taper off.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShould Evictions Be Banned After