This AI Stock Could Lead a $120 Billion Market

AI stocks are making waves, but the real breakthrough is happening in the $120 billion security robotics market. Autonomous robots are transforming public safety, and one company is ahead of the curve. Timing is everything. Ready to find out more?

Alphabet, Meta Platforms, Microsoft, Snap, And AMD: Why These 5 Stocks Are On Investors' Radars Today

Benzinga Neuro
October 29, 2024

U.S. stocks saw a mixed performance on Tuesday, with the Nasdaq Composite index surging by over 140 points. The Dow traded down by 0.4% to 42,233.05, while the NASDAQ rose by 0.8% to 18,712.75. The S&P 500 also experienced a gain, rising by 0.2% to 5,832.92.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Alphabet Inc Class C Shares. (NASDAQ:GOOG) closed the day with a 1.66% increase, ending at $171.14. The stock hit an intraday high of $171.86 and a low of $168.66. Its 52-week high and low are $193.3 and $123.88 respectively. The company’s Class A shares (NASDAQ:GOOGL) also ended 1.8% higher at $169.88 for the day. Both Class A and Class C shares rose 5.8% and 5.9% respectively during the after-hours trading.

Alphabet's third-quarter revenue rose 15% year-over-year to $88.27 billion, exceeding Street estimates. Google Cloud revenue saw a 35% increase, supported by AI-driven growth, while YouTube surpassed $50 billion in ad and subscription revenue for the past four quarters. CEO Sundar Pichai noted momentum and innovation, especially in AI solutions across search and cloud offerings.

Meta Platforms Inc. (NASDAQ:META) saw a 2.62% rise, closing at $593.28. The stock reached an intraday high of $593.67 and a low of $575.4. Its 52-week high and low are $602.95 and $296.86 respectively. A new report suggests that Meta Platforms’ plans to build its own search engine could put a greater emphasis on AI growth.

See Also: How To Earn $500 A Month From Alphabet Stock Ahead Of Q3 Earnings

Microsoft Corporation (NASDAQ:MSFT) ended the day with a 1.26% increase, closing at $431.95. The stock hit an intraday high of $433.17 and a low of $425.8. Its 52-week high and low are $468.35 and $331.84 respectively. Microsoft is expected to highlight its expanding investments in artificial intelligence and growing revenue in the cloud sector in its first-quarter financial results.

Snap Inc. (NYSE:SNAP) saw a 1.68% rise, closing at $10.89. The stock reached an intraday high of $10.93 and a low of $10.54. Its 52-week high and low are $17.9 and $8.29 respectively. Snap reported a 15% year-over-year increase in third-quarter revenue, beating the consensus estimate.

Advanced Micro Devices Inc. (NASDAQ:AMD) closed the day with a 3.96% increase, ending at $166.25. The stock hit an intraday high of $167.51 and a low of $158.94. Its 52-week high and low are $227.3 and $94.07 respectively. AMD reported a 18% year-over-year increase in third-quarter revenue, beating analyst estimates.

Image via Shutterstock

Prepare for the day’s trading with top premarket movers and news by Benzinga.

Read Next: Alphabet Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

Continue Reading...

Popular

North Korean nationals indicted in scheme using IT workers to funnel money for weapons programs

ST. LOUIS (AP) — Fourteen North Korean nationals have been indicted in a scheme using information technology workers with false identities to contract with U.S. companies — workers who then funneled their wages to for development of ballistic missiles and other weapons, the head of the FBI office in St. Louis said Thursday.

Chanel appoints designer Matthieu Blazy as new artistic director

PARIS (AP) — One of the most prestigious roles in global fashion has just been filled, as appointed Franco-Belgian designer Matthieu Blazy as its new artistic director, the fashion house announced Thursday.

Is a Starlink IPO Coming in 2024? - Ad

Could there be signs that a Starlink IPO is set for the second half of 2024? According to one top venture capitalist, the answer is YES! And for the first time ever, you have the rare chance to profit pre-IPO... BEFORE Starlink goes public.

Warner Bros. Discovery Stock Spikes As Board OKs Restructuring Plan

Warner Bros. Discovery, Inc (WBD) stock climbed after the Board approved new corporate structure to enhance strategic flexibility. Stock surged 33% in last 30 days.

Top Nasdaq and NYSE Stocks Alerts for 2024 - Ad

Forget fancy software. Top traders rely on free alerts that tell them when to jump on the next big trade. Straight to your phone. No guessing, no stress.

Stocks Slip On Hot Inflation Data, Adobe Tumbles, Natural Gas Hits 1-Year High: What's Driving Markets Thursday?

Risk sentiment soured on Thursday following hotter-than-expected producer inflation data, which dampened optimism for aggressive interest rate cuts in 2025.

Broadcom: Bullish Momentum Builds As Q4 Earnings, Apple Partnership Take Center Stage

Broadcomm (AVGO) to report Q4 earnings on Thursday with expected EPS of $1.38 and revenues of $14.10B. Stock up 70.85% in past year, 22.50% in past 6 months.

Do NOT Buy Nvidia, Apple, Microsoft, Meta, Tesla, or ANY Major Tech Stock... - Ad

31 billionaires (including: Warren Buffett, Elon Musk, Jeff Bezos, and more) are quietly unloading shares of their OWN stocks at RECORD pace... But why? Wall Street legend Eric Fry says it's because, soon: "America's most popular stocks like Nvidia, Apple, Meta, Tesla, and thousands more... are set to come plummeting back to Earth." Erasing YEARS of investor profits... Sparking a $17 trillion PANIC on Wall Street...

Suspect in UnitedHealthcare CEO killing charged with murder in New York, court records show

ALTOONA, Pa. (AP) — After on a New York sidewalk, police searched for the masked gunman with dogs, drones and scuba divers. Officers used the city's . Investigators analyzed DNA samples, fingerprints and internet addresses. Police went door-to-door looking for witnesses.

A Southwest jet and a small plane wound up on the same runway after being cleared to land

WASHINGTON (AP) — A Southwest Airlines jet wound up on the same runway with a small private plane that had stopped after an air traffic controller cleared both planes to land on the same California runway in October, according to federal investigators.

Elon's New Tech Could Be Bigger Than Tesla & SpaceX... Combined - Ad

Forget rockets or brain implants... Elon's new AI product could be his biggest invention yet. Jeff Brown tried it himself recently and caught his experience on camera. See this footage because according to Tesla Magazine, this new product "could well shape the technological and economic future of our society."

Commanders hire Campbell's CEO Mark Clouse as their new team president

WASHINGTON (AP) — The hired Mark Clouse as their new team president Tuesday, putting the longtime food executive in charge of all facets of the organization's business operations when he starts in late January.

Truck drivers in Mexico block major highways to protest the government's failure to pay bills

MEXICO CITY (AP) — Truck drivers blocked some major highways in central Mexico on Tuesday to protest that the government hasn’t paid them for work they did on a tourist train line.

Watch Jeff's New Demo: Elon Musk's New $9 Trillion AI Product - Ad

Why is Jeff Brown blindfolded and with his hands tied behind his back? It's all part of a crazy experiment involving a Cybertruck. See this demo because if Jeff is right... Elon Musk could make a lot of people rich with his new AI technology.

Eli Lilly invests $3B to expand Wisconsin factory to help meet demand for Mounjaro, Zepbound

Eli Lilly is spending another $3 billion to bulk up manufacturing as the drugmaker seeks to stoke production of some and future products.

Is This Defi Coin Your Next "10-Bagger" Investment? - Ad

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

Dogecoin Drops 14%, Shiba Inu Sinks 17%: What's Behind The Decline?

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have seen sharp declines, with traders debating whether these drops signal a buying opportunity or a

China bans exports to US of gallium, germanium, antimony in response to chip sanctions

BANGKOK (AP) — China announced Tuesday it is banning exports to the United States of gallium, germanium, antimony and other key high-tech materials with potential military applications.

Is NVDA a Sell? Buy This Stock Instead Before Dec. 31 - Ad

After soaring over 150% in 2024 alone... is it actually time to buy Nvidia? A 50-year Wall Street veteran gives his answer to Nvidia, right here... Including the name and ticker of one under-the-radar AI stock to buy instead of Nvidia... before Tuesday, December 31st.

Cathie Wood Sees $400B Opportunity In Biologics — How Have Her Bets Fared?

Cathie Wood, CEO of ARK Invest, is doubling down on biologics, seeing unprecedented potential at the intersection of artificial intelligence, genetic sequencing, and gene editing technologies.

Argentina's Milei marks one year in office. Here's how his shock measures are reshaping the economy

BUENOS AIRES, Argentina (AP) — When assumed office one year ago, Argentine supermarkets were marking price increases on an almost daily basis. Middle-class families tried to spend their rapidly depreciating pesos as quickly as they got them, and economists warned the country was teetering on the brink of hyperinflation.

The Seven Stocks Set to Dominate Trump's Second Term - Ad

According to Alex Green, seven new stocks are set to take over during Trump's second term. Thanks to the sudden rise of AI, he says these stocks will dominate the coming years. In fact, he's claiming that $1,000 in each could turn into more than $1 million by 2030. Is he right?

Trump's Energy Policies Poised To Reshape Oil & Gas Market: Winners And Losers Revealed

Trump's energy plans could reshape US markets with potential tariffs, increased production, and LNG exports. Goldman Sachs breaks down winners and losers.

The Next Big AI Opportunity Is Here - Ad

AI stocks are revolutionizing public safety with cutting-edge technologies, and one company is leading the charge. With game-changing advancements in robotics and high-profile contracts already signed, this could be the next big winner. Want to know which AI stock could soar?

Top 3 Energy Stocks That Could Blast Off In December

When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term.

French government faces no-confidence vote over Barnier's austerity budget

PARIS (AP) — is bracing for a no-confidence vote this week, a political reckoning almost certain to topple his fragile government and send shockwaves across the eurozone.

"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined" - Ad

According to Dan Ferris, who has predicted nearly every major market crisis of the last 25 years, a new crisis in the US economy could soon cost you 50% of your portfolio or more if you don't prepare your wealth now. Especially if you're sitting on large gains.

Oil delivery to the Czech Republic from Russia through the Druhzba pipeline is interrupted

PRAGUE (AP) — Oil delivery to the Czech Republic from Russia through the Druhzba pipeline has been interrupted, Czech officials said Wednesday.

He'll be the last meatpacker in the Meatpacking District. Here's how NYC's gritty 'hood got chic

NEW YORK (AP) — When John Jobbagy’s grandfather immigrated from Budapest in 1900, he joined a throng of European butchers chopping up and shipping off meat in a loud, smelly corner of Manhattan that New Yorkers called the Meatpacking District.

Why Do So Many Billionaire Investors Seem Scared of This Bull Run? - Ad

Well-connected billionaires like Warren Buffett have been selling off US stocks at an alarming rate. Today, one of America's most trusted market experts is stepping forward to explain what's really going on behind the scenes of this bull market - and why you could soon face losses of 50% or more if you do nothing.

Nvidia, AMD, C3 ai, Oracle, Tesla: Why These 5 Stocks Are On Investors' Radars Today?

On Monday, major U.S. indices closed in the red, with the Dow Jones Industrial Average falling 0.5% to 44,401.93.

A $50 Backdoor Play On Elon's Next "Super-IPO"? - Ad

Elon Musk has become Trump's most trusted advisors. According to one legendary investor... We are leading up to the world's first "Super-IPO" -- a company creating over $100 billion on the first day it goes public! Knowing about this "backdoor" play could be the best way to profit before the IPO...Starting with as little as $50.

Top 3 Consumer Stocks That May Keep You Up At Night This Quarter

Three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Why Is Telomir Pharmaceuticals Stock Trading Higher On Tuesday?

Telomir Pharmaceuticals unveils preclinical data on Telomir-1, highlighting its potential in Type 2 diabetes, aging, and inflammatory diseases.

Has the Tech Stock Selloff Finally Arrived? - Ad

After soaring over 150% in 2024 alone... is it actually time to buy Nvidia? A 50-year Wall Street veteran gives his answer to Nvidia, right here...Including the name and ticker of one under-the-radar AI stock to buy instead of Nvidia... before Tuesday, December 3rd.

Larger Fonts, Bigger Impact: iQIYI Makes Entertainment More Accessible

iQIYI introduces 'Extra Large Font' feature to enhance accessibility for senior and visually impaired users.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service