Diamonds and Dogs

4/5/24

A new AI darling. Dell (DELL) is on a roll up 4% today and up 70% for the year. Following better than expected earnings at the end of February and strong demand for their AI servers powered by Nvidia H100 chips. The company said at the time that its backlog of orders for AI servers at quarter end had reached $2.9 billion, up from $1.6 billion in the previous quarter and $800 million two quarters earlier.

Tesla bullish story over? Tesla fell 3% today and 6% for the week on rumors they will scrap plans to build affordable EV for the masses in the coming years due to competition from China.

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