Diamonds and Dogs

6/17/21

Tech is shining today. Nvidia (NVDA) is up 5% to new highs following an upgrade at Jefferies with a new price target of $854. The analyst expects Nvidia's dominant position to keep expanding over the coming years. Separately, Nvidia said it will invest at least $100 million on a supercomputer in their United Kingdom division.

Gold and Newmont Mining (NEM) taking a hit. Newmont is down 6% to a one-month low as the price of gold is down 2.5% to a one-month low following the Fed's decision yesterday to keep rates unchanged but struck a hawkish tone on monetary strategy.

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