Diamonds and Dogs

7/17/24

Roche Holdings (ROG) is the diamond today jumping 5% as their promising weight loss pill is showing positive results in early stages of a clinical trial. Patients have lost 6% of their body weight in just four weeks with the same side effects of other weight loss drugs like rival Eli Lilly. Eli stock is down 3% on this news.

AI stocks taking a hit. Nvidia (NVDA) is down 6%, Broadcom (AVG) is down 7% while AMD and Micron are down 6% on news or rumors the Biden Administration may institute new restrictions against Chinese technology trade including semiconductor chips. Many of these chip stocks are now at 1 month or 2 month lows.

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