Diamonds and Dogs

9/1/22

Pfizer (PFE) and Moderna (MRNA) are higher as their COVID/Omicron variant booster shots are set to receive FDA approval.  Health Canada authorized Moderna's COVID 19 booster for adults.

Nvidia (NVDA) takes a hit, down 8% on chip ban in China. The graphics and AI chip company has been ordered by the Federal government to immediately stop the A100 chip sales to China due to the fears the technology could be used for military use. Nvidia said this could affect $400 million or 6% of their quarterly sales. This ban could affect Nvidia's ability to develop its H100 product on time and could potentially force it to move some operations out of China. Looks like another cold war is brewing.

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