Diamonds and Dogs
NVIDIA (NVDA) is on a roll. The chip giant is up a percent today and up 50% year to date as business continues to improve. Nvidia has received numerous upgrades with the last price target of $1000 a share. Nvidia now has a market cap of half a trillion or double the value of former chip juggernaut, Intel.
Management shakeup at IBM (IBM). IBM is down 4% as the company announced a management shuffle that included the surprise departure of former Red Hat CEO Jim Whitehurst. Mr. Whitehurst will remain a "senior advisor" to IBM, the departure caught investors off guard and Wall Street does not like surprises.
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