Diamonds and Dogs

7/2/21

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.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.