Diamonds and Dogs
Nvidia (NVDA) soars to new highs. The number one chipmaker is up 7% following strong earnings as revenue rose 50% to $7.1 billion. Sales would've been even better if not for limited supply constraints. Nvidia also raised guidance as demand surges for hyperscale and cloud base business while their chips reinvent computer graphics with ray tracing and AI along with any or all video games. With the rally, Nvidia is now one of the 10 largest companies in the world.
Cisco (CSCO) taking a hit. The software and networking company is down 6% following earnings. Earnings and forecasted sales were strong, but investors are concerned the strong growth was a reflection of a "pull forward" of orders due to a tight supply environment and a string of price increases.
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