Diamonds and Dogs
2/22/24
The diamond today is Nvidia, Nvidia and Nvidia. The AI chipmaker is jumping 15%, making a new all time high almost topping $2 trillion as earnings beat by 57 cents and revenue rose 265% from a year ago. Nvidia also provided upside guidance as demand is accelerating as demand moves worldwide. TD Cowen upgraded the stock with a $900 price target.
AT&T customers and shareholders are not happy. The telecom giant is down 2% today as thousands of customers are without service due to an outage. AT& T outage is disrupting calls and text messages as well as emergency services in major cities including San Francisco. By 10 am, over 70,000 incidents were reporting problems.
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