Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis, keeping an
Speaker 1: eye on stocks moving off the back of President Trump's
Speaker 1: two day summit in Beijing. Dan, what are you seeing?
Speaker 3: Good morning, Good morning, Nathan, No restless.
Speaker 2: Friday.
Speaker 3: Shares of Boeing are up about half a percent as
Speaker 3: the President commented that Boeing got a promise of seven
Speaker 3: hundred and fifty plane purchases from China. He went on
Speaker 3: to add some details. That's if they do a good job.
Speaker 3: That they being Boeing with the first two hundred. So
Speaker 3: we walked in this morning, we knew two hundred. Markets
Speaker 3: were a little bit disappointed. We find out there's a
Speaker 3: potential for seven hundred and fifty. Those losses are erased.
Speaker 3: We're now up half eight percent in the pre market.
Speaker 3: On the other side, Trump commented on Nvidia after Jensen
Speaker 3: Wong Jensen Wong, CEO of that company, came over on
Speaker 3: the trip with him. He said that the Nvidia chip
Speaker 3: sale didn't come up with China. Those shares are down
Speaker 3: about two percent in the pre market, and that's on
Speaker 3: a broader chip sell off.
Speaker 1: All right, well, let's talk a little bit more about
Speaker 1: that broader chip sell off. Applied Materials is taking it
Speaker 1: on the chin this morning.
Speaker 3: Yeah, so ticker AMAT those shares are down two percent
Speaker 3: in the pre market. It's getting caught up in that
Speaker 3: sell off. The largest US supplier of semiconductor equipment forecasting
Speaker 3: nearly nine billion dollars sales in the current quarter. That
Speaker 3: is well above estimates on the On the headlines, everything
Speaker 3: looks strong. That includes you know, sales, the likes of
Speaker 3: Samsung and Micron, which are expanding manufacturing to cope with
Speaker 3: the shortage, and memory chips. Even the CEO came off
Speaker 3: very optimistic, saying AI compute demand is going to be
Speaker 3: a multi year driver. But as we said, chips are
Speaker 3: selling off overnight. We saw COSTPY, which is Korean shares
Speaker 3: heavily influenced by Samsung. That whole index fell six percent.
Speaker 3: Other high flyers this morning are down as well. Intel,
Speaker 3: which is one of the best performing Sammy names this year,
Speaker 3: down four percent. Micron down two percent. Even Cerebris, which
Speaker 3: had its debut yesterday, surged well over sixty percent. Those
Speaker 3: shares are pairing some of those gains, down two percent
Speaker 3: in the pre market. So Semi's taking it on the
Speaker 3: nose this morning.
Speaker 1: Yeah, I got quite the change from just the last
Speaker 1: couple of weeks, isn't it. But let's talk a little
Speaker 1: bit about some of the gainers this morning. The biggest
Speaker 1: gainer in the pre market is Figma.
Speaker 3: So Figma shares are trading under fig Those shares are
Speaker 3: up nine percent in the pre market. This is the
Speaker 3: other side of the AI coin. This is a creative
Speaker 3: software platform, and in general software has been getting sold
Speaker 3: off as on AI threats. However, Figma came out with
Speaker 3: its earnings and said that it is getting a boost
Speaker 3: from early traction on AI monetization. That comes with fourth
Speaker 3: quarter revenue topping estimates, that sending those shares higher. Figma
Speaker 3: saying overall, pig customer base grew fifty four percent from
Speaker 3: the year earlier, a large portion of that coming from
Speaker 3: customer spending over one hundred k annually. The company iPod
Speaker 3: last year. After brief search, it's been caught up in
Speaker 3: that software weakness. However, we're seeing some of that turnaround
Speaker 3: this morning.
Speaker 1: Just quickly, we got some news not just from the
Speaker 1: President this morning, but from Pershing Squar's Bill Ackman. When
Speaker 1: it comes to Microsoft.
Speaker 3: It's another positive sign for software. So Bill Ackman posting
Speaker 3: on x that he's taken a new stak in Microsoft.
Speaker 3: He says Pershing Square will disclose the stake in filing
Speaker 3: later today. That has those shares up about four tenths
Speaker 3: of a percent in the morning. Ackman says that investors
Speaker 3: are underestimating the company Software. We are starting to see
Speaker 3: a resurgence in software this morning. That's something we haven't
Speaker 3: seen in quite some time.
Speaker 2: This stock Moover's report from Bloomberg Radio. Check back with
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