Diamonds and Dogs
Nvidia (NVDA) is up 1.6% today after rising 5% yesterday. As most chip companies struggle with supply shortages, Nvidia raised guidance after introducing a new data-center server chip based on Arm Holdings technology to compete with Intel Corp. Plenty of upgrades with price targets as high as $800 a share for Nvidia.
J&J (JNJ) trading lower. The drug company is down 2.5% as the FDA and CDC have confirmed they recommend a pause in the use of JNJ vaccine after 6 reported US cases of rare & severe type of blood clot in individuals after receiving the vaccine. As of April 12th, 6.8 million doses of the J&J vaccine have been administered. CDC advisory committee and FDA staff will review the six cases and consider their significance. The pause in the use of the J&J vaccine may only last a matter of days.
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