Diamonds and Dogs

3/21/24

Another chip stock gets a boost from AI. Memory DRAM chipmkaer, Micron Technology rose 14% on better-than-anticipated earnings as the chip inventory problem seems to be over. Nvidia rose a percent while Broadcom rose 5% as both received upgrades.

Discount retailer Five Below was the dog down 15% on disappointing quarterly results and theft issues with their self-checkout system. Chewy and Darden were lower on earnings as well.

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