Diamonds and Dogs

6/20/24

The lone AI chip stock higher today, Advanced Micro Devices (AMD) is up 3% thanks to an upgrade at Piper Sandler as its Top Pick for the second half of the year with accelerated growth prospects.

Jabil (JBL) drops after earnings. The electronic device maker is down 9% even though they beat estimates because guidance for the next quarter was cautious. Jabil's business for Apple remained strong, but weakness in their automotive and transportation business gave investors pause due in part to a surplus of cars in China, which has resulted in lower local demand.

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