Diamonds and Dogs

2/23/23

Nvidia (NVDA) jumps following earnings and raised guidance. The graphics chipmaker is up 14% even though sales were down 20.8% year over year. Nvidia did raise guidance, however, as the company expects gaming to rebound and sees an inflection point with AI chips setting up for a broad adoption reaching into every industry with an accelerated interest in the versatility and capabilities of generative AI.

Pizza stocks having a bad day. Papa Johns (PZZA) is down 6% while Domino's is down 9%, both following earnings. Demand seems to be wavering due in part to driver shortage. We're getting too lazy to drive and get our own food.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.