WEBVTT - Boeing Deal; Applied Materials and Nvidia Dip; Figma Rises

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Dan Curtis, keeping an

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<v Speaker 1>eye on stocks moving off the back of President Trump's

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<v Speaker 1>two day summit in Beijing. Dan, what are you seeing?

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<v Speaker 3>Good morning, Good morning, Nathan, No restless.

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<v Speaker 2>Friday.

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<v Speaker 3>Shares of Boeing are up about half a percent as

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<v Speaker 3>the President commented that Boeing got a promise of seven

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<v Speaker 3>hundred and fifty plane purchases from China. He went on

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<v Speaker 3>to add some details. That's if they do a good job.

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<v Speaker 3>That they being Boeing with the first two hundred. So

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<v Speaker 3>we walked in this morning, we knew two hundred. Markets

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<v Speaker 3>were a little bit disappointed. We find out there's a

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<v Speaker 3>potential for seven hundred and fifty. Those losses are erased.

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<v Speaker 3>We're now up half eight percent in the pre market.

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<v Speaker 3>On the other side, Trump commented on Nvidia after Jensen

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<v Speaker 3>Wong Jensen Wong, CEO of that company, came over on

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<v Speaker 3>the trip with him. He said that the Nvidia chip

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<v Speaker 3>sale didn't come up with China. Those shares are down

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<v Speaker 3>about two percent in the pre market, and that's on

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<v Speaker 3>a broader chip sell off.

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<v Speaker 1>All right, well, let's talk a little bit more about

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<v Speaker 1>that broader chip sell off. Applied Materials is taking it

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<v Speaker 1>on the chin this morning.

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<v Speaker 3>Yeah, so ticker AMAT those shares are down two percent

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<v Speaker 3>in the pre market. It's getting caught up in that

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<v Speaker 3>sell off. The largest US supplier of semiconductor equipment forecasting

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<v Speaker 3>nearly nine billion dollars sales in the current quarter. That

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<v Speaker 3>is well above estimates on the On the headlines, everything

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<v Speaker 3>looks strong. That includes you know, sales, the likes of

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<v Speaker 3>Samsung and Micron, which are expanding manufacturing to cope with

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<v Speaker 3>the shortage, and memory chips. Even the CEO came off

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<v Speaker 3>very optimistic, saying AI compute demand is going to be

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<v Speaker 3>a multi year driver. But as we said, chips are

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<v Speaker 3>selling off overnight. We saw COSTPY, which is Korean shares

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<v Speaker 3>heavily influenced by Samsung. That whole index fell six percent.

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<v Speaker 3>Other high flyers this morning are down as well. Intel,

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<v Speaker 3>which is one of the best performing Sammy names this year,

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<v Speaker 3>down four percent. Micron down two percent. Even Cerebris, which

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<v Speaker 3>had its debut yesterday, surged well over sixty percent. Those

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<v Speaker 3>shares are pairing some of those gains, down two percent

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<v Speaker 3>in the pre market. So Semi's taking it on the

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<v Speaker 3>nose this morning.

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<v Speaker 1>Yeah, I got quite the change from just the last

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<v Speaker 1>couple of weeks, isn't it. But let's talk a little

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<v Speaker 1>bit about some of the gainers this morning. The biggest

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<v Speaker 1>gainer in the pre market is Figma.

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<v Speaker 3>So Figma shares are trading under fig Those shares are

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<v Speaker 3>up nine percent in the pre market. This is the

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<v Speaker 3>other side of the AI coin. This is a creative

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<v Speaker 3>software platform, and in general software has been getting sold

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<v Speaker 3>off as on AI threats. However, Figma came out with

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<v Speaker 3>its earnings and said that it is getting a boost

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<v Speaker 3>from early traction on AI monetization. That comes with fourth

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<v Speaker 3>quarter revenue topping estimates, that sending those shares higher. Figma

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<v Speaker 3>saying overall, pig customer base grew fifty four percent from

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<v Speaker 3>the year earlier, a large portion of that coming from

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<v Speaker 3>customer spending over one hundred k annually. The company iPod

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<v Speaker 3>last year. After brief search, it's been caught up in

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<v Speaker 3>that software weakness. However, we're seeing some of that turnaround

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<v Speaker 3>this morning.

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<v Speaker 1>Just quickly, we got some news not just from the

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<v Speaker 1>President this morning, but from Pershing Squar's Bill Ackman. When

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<v Speaker 1>it comes to Microsoft.

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<v Speaker 3>It's another positive sign for software. So Bill Ackman posting

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<v Speaker 3>on x that he's taken a new stak in Microsoft.

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<v Speaker 3>He says Pershing Square will disclose the stake in filing

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<v Speaker 3>later today. That has those shares up about four tenths

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<v Speaker 3>of a percent in the morning. Ackman says that investors

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<v Speaker 3>are underestimating the company Software. We are starting to see

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<v Speaker 3>a resurgence in software this morning. That's something we haven't

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<v Speaker 3>seen in quite some time.

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<v Speaker 2>This stock Moover's report from Bloomberg Radio. Check back with

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