Locator: 48904B.
Tag: magnificent 7 tech 20
Texas: State House approves re-districting map -- governor will sign, and then we move on.
GDPNow: for 3Q25 -- 2.3% as of yesterday, August 19, 2025, vs 2.5% just a couple of days earlier. Link here.
AMD vs NVDA: link here.
Advanced Micro Devices has quietly outperformed Nvidia over the past six weeks.
For much of the year, the two stocks traded in strong correlation, but that relationship started to diverge in mid July as Advanced Micro Devices began to show relative strength. While it is too early to call it a sustained shift in leadership, the change is notable.
On a three-month basis, AMD has surged 42%, compared with Nvidia’s 27% gain. Over the past month, Nvidia has slipped 1%, while AMD has added 3%, a modest but telling divergence.
Whether the outperformance persists remains to be seen, but in a market where investors moving money among leading stocks can signal bigger shifts, this is a relationship worth monitoring closely.
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Back to the Bakken
WTI: $63.21.
Active rigs: 30.
Four new permits, #42235 - #42239, inclusive:
- Operators: KODA Resources (2); BR, Petro-Hunt;
- Fields: Fertile Valley (Divide County); Elidah (McKenzie County); Little Knife (Dunn County).
- Comments:
- KODA Resources has permits for two Amber wells, EE 21-160-103;
- to be sited 1049 / 1084 FNL and 1031 FEL;
- BR has a permit for a Sandie well, SESW 21-151-97,
- to be sited 523 FSL and 2183 FWL;
- Petro-Hunt has a permit for an Edgar Lea Weems well, SWSW 32-144-97;
- to be sited 365 FSL and 500 FWL.
SWD: permit #42238, KODA Resources, Bock 04-1 SWD, Daneville oil field, Divide County.
