Diamonds and Dogs
Good day for the chips. AMD (AMD) jumped a percent on a upgrade. The Baird analyst upgraded the stock with a $100 price target as the new Genoa chips, released last week, will further widen its AMD's competitive moat verse Intel and other chip makers. Taiwan Semi (TSM) is up 3% after hours as Warren Buffett gave his stamp of approval buying 60 million shares or $4.5 billion. Many investors have been selling the stock on fears of a Chinese invasion of Taiwan.
Hasbro (HAS) drops on a downgrade. The toymaker fell 9% as Bank of America analyst said they are killing their 'Golden Goose' with games like "Magic: The Gathering." It is a trading card game that forms an integral part of Hasbro's Wizards of the Coast segment, which boomed during the Covid-19 pandemic. The analyst estimates that Magic accounts for roughly 15% , but the company is overproducing cards, which has propped up its recent quarterly results, "but is destroying the long-term value of the brand.
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