Diamonds and Dogs

3/3/2025

AppLovin (APP) a darling from 2024 is jumping 6% on a modified share buyback plan. The business advertising technology company will make $500 million immediately available for share buybacks. As mentioned, the stock had a great 2024 more than tripling in value. However, after making new highs in February, the stock is down over 30% in the last two weeks.

Nvidia (NVDA) dragging down the major averages on concerns of trade tariff with China. A report released Sunday by The Wall Street Journal revealed that despite strict U.S. export restrictions, Nvidia's latest chips are finding their way into China. Nvidia was down sharply last week as well following better than expected earnings.

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