Diamonds and Dogs

1/27/25

AT&T (T) is up 5% to a new recent high on better than expected earnings and guidance. Earnings easily beat estimates as net income jumped 70% on one-time items. AT&T added a net 482,000 postpaid phone customers in the quarter, along with 307,000 net subscribers for its fiber internet service, which it said has gained at least 200,000 net adds for 20 consecutive quarters.

Nvidia (NVDA) taking a hit, down over 10% after Chinese AI app called, DeepSeek rose to the top of the US App Store. The new Chinese AI seems to work as well as OpenAi, ChatGPT without spending billions on NVDA chips or other capital expenditures. The Nasdaq is down nearly 3%, its worst day in a long time.

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