Diamonds and Dogs

12/11/24

Snap back in tech. Alphabet/Google (GOOGL) rose 5% to a new high after rising nearly 5% yesterday. On Tuesday, Google announced a breakthrough in a new chip called, Willow for quantum computing.  Today, Google released their newest version of Gemini 2.0 their AI software used for creating models, coding, etc.

Good news, bad news. Hershey Company (HSY) fell 5% as the rumored takeover from Mondelez looks to be off. The Hershey family trust looks to have rejected the buy out as too low of a price. Mondelez, on the other hand, jumped 2% as they approved a $9 billion share buyback, a plan not typically conducted when a company is looking to takeover another firm.

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