Diamonds and Dogs

1/6/24

Tech stocks regaining their footing. Micron (MU) is up 10%, Nvidia (NVDA) is up 5% while all the semi chip equipment stocks are strong as well thanks to reports from Taiwan's Foxconn that demand for artificial-intelligence infrastructure is still booming.

T-Mobile (TMUS) gets hit with two downgrades. The stock is down 4% on the double downgrades from RBC Capital Markets and Wells Fargo. Both analysts express concern about the wireless carrier's valuation and decelerating growth. T-Mobile stock was up 39% in 2024.

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