Diamonds and Dogs

3/19/24

Unilever (UL) is jumping 3% as the company is spinning off Ben and Jerry's Ice Cream to streamline their business and cut costs. Unilever has five of the world's 10 best-selling ice cream brands, including Magnum and Wall's. Ice cream sales generated $8.6 billion in revenue for Unilever last year.

SelI on the news in the AI space. Nvidia (NVDA) is down 2% after unveiling a new AI chip at their GTC AI Conference. All the chips are lower. AI benefactor, Super Micro Computer is down 12% in sympathy, but still up 250% for the year after being added to the S&P 500 on Monday.

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