Diamonds and Dogs


Two chip giants may join forces. Nvidia (NVDA) is up 10% while Intel (INTC) is up 6% as Nvidia, one of the largest buyers of outsourced chip production, said it will explore using Intel as a possible manufacturer of its products, moving away from Taiwan Semiconductor and Samsung Electronics, and moving more production back to the US.  

Higher interest rates may slow housing. KB Home (KBH) is down 5% following an earnings miss. Sales did rise 22% to $1.4 billion but missed estimates as well.  KB Home said deliveries in the period were flat with a year earlier at 2,868, below estimates of 3,168. Investors are concerned that higher interest rates will further curtail business.

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