1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market harnessing the power of Bloomberg Data. 4 00:00:16,440 --> 00:00:18,360 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,560 --> 00:00:22,079 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel Good and 6 00:00:22,239 --> 00:00:22,960 Speaker 3: Video Morning. 7 00:00:23,040 --> 00:00:26,800 Speaker 1: Valerie Good in Video Morning, Nathan, and it is a 8 00:00:26,880 --> 00:00:29,880 Speaker 1: bright and Sunday morning at that and Video shares up 9 00:00:29,880 --> 00:00:33,000 Speaker 1: nearly five percent in the pre market trade. This is 10 00:00:33,040 --> 00:00:35,280 Speaker 1: all down to their beat in their third quarter revenue 11 00:00:35,320 --> 00:00:39,760 Speaker 1: in a bullish guidance on on future earnings, lifting not 12 00:00:39,920 --> 00:00:43,000 Speaker 1: just Nvidia in the Nasdaq, but global equities with it. 13 00:00:43,040 --> 00:00:45,920 Speaker 1: The chip maker guided for next quarter revenue to be 14 00:00:46,080 --> 00:00:50,040 Speaker 1: sixty five billion dollars, above estimates of sixty two and 15 00:00:50,080 --> 00:00:53,720 Speaker 1: they also said that the half a trillion revenue bonanza 16 00:00:53,800 --> 00:00:56,520 Speaker 1: that they expected in the coming quarters may be even 17 00:00:56,560 --> 00:01:00,840 Speaker 1: bigger than anticipated. Their data center revenue also came in 18 00:01:00,880 --> 00:01:05,080 Speaker 1: strong for the previous quarter, and Jensen Hwang told Bloomberg 19 00:01:05,160 --> 00:01:08,280 Speaker 1: the CEO that the AI chip sales of their Blackwell 20 00:01:08,319 --> 00:01:11,320 Speaker 1: model are off the charts now. Some skeptics are weighing 21 00:01:11,360 --> 00:01:13,640 Speaker 1: in on the AI bubble debate, arguing that. 22 00:01:13,760 --> 00:01:15,840 Speaker 4: Just because Nvidia AI. 23 00:01:15,640 --> 00:01:18,039 Speaker 1: Chips are in such demand doesn't mean the return on 24 00:01:18,160 --> 00:01:20,399 Speaker 1: investment from them is going to be higher. That's really 25 00:01:20,680 --> 00:01:23,880 Speaker 1: at the crux of the text valuations at the moment 26 00:01:23,920 --> 00:01:26,680 Speaker 1: whether this massive investment in AI data centers and in 27 00:01:26,800 --> 00:01:29,839 Speaker 1: Vidia chips is going to pay off. But regardless, fears 28 00:01:29,880 --> 00:01:32,080 Speaker 1: are receiving about an AI bubble and risks on a 29 00:01:32,120 --> 00:01:32,839 Speaker 1: front foot today. 30 00:01:33,160 --> 00:01:37,040 Speaker 3: All right, So what's the ripple effect across the AI sector. 31 00:01:37,280 --> 00:01:40,200 Speaker 1: It's pretty decent across even the rival chip makers to 32 00:01:40,360 --> 00:01:43,920 Speaker 1: Nvidia's dominance in the sophisticated AI chip space. We're seeing 33 00:01:43,959 --> 00:01:47,840 Speaker 1: the likes of AMD, their main rival, up five sorry, 34 00:01:47,840 --> 00:01:51,600 Speaker 1: four point five percent, Broadcom up three percent, in Intel 35 00:01:51,840 --> 00:01:53,280 Speaker 1: up one point six percent. 36 00:01:53,560 --> 00:01:55,600 Speaker 4: We're also seeing a decent a boost. 37 00:01:55,280 --> 00:01:58,800 Speaker 1: When it comes to as cloud computing services providers, the 38 00:01:58,920 --> 00:02:01,680 Speaker 1: likes of Core weave or up nearly eight percent, an 39 00:02:01,760 --> 00:02:04,440 Speaker 1: Oracle up nearly three So it's a broad based move 40 00:02:04,760 --> 00:02:06,720 Speaker 1: across the tech industry this morning. 41 00:02:06,680 --> 00:02:09,960 Speaker 3: But not for every tech name. Val what's going on 42 00:02:10,000 --> 00:02:11,720 Speaker 3: with Palo Alto Networks. 43 00:02:11,600 --> 00:02:12,880 Speaker 4: Follow Alto Networks. 44 00:02:13,080 --> 00:02:15,840 Speaker 1: Their shares are in the red, down three point seven percent. 45 00:02:16,200 --> 00:02:19,520 Speaker 1: This is the network security software company. They came out 46 00:02:19,520 --> 00:02:22,880 Speaker 1: with earnings that were actually pretty decent beat expectations, but 47 00:02:22,960 --> 00:02:27,320 Speaker 1: the company agreed to acquire Chronosphere to enhance its AI 48 00:02:27,520 --> 00:02:31,480 Speaker 1: enabled cybersecurity offerings and paying just north of three point 49 00:02:31,520 --> 00:02:34,000 Speaker 1: three billion dollars for it. So perhaps the market viewing 50 00:02:34,040 --> 00:02:36,640 Speaker 1: this acquisition with a bit of doubt given the price 51 00:02:36,680 --> 00:02:37,760 Speaker 1: tag for Palo Alto. 52 00:02:38,160 --> 00:02:43,080 Speaker 3: Speaking of acquisition news, Valerie, Warner Brothers Discovery is going 53 00:02:43,160 --> 00:02:44,280 Speaker 3: to be one to watch today. 54 00:02:44,480 --> 00:02:47,240 Speaker 1: Yes, so I do want to put this on everyone's radar. 55 00:02:47,320 --> 00:02:49,720 Speaker 1: Warner Brothers Discovery. It's up just eight tens of one 56 00:02:49,760 --> 00:02:52,920 Speaker 1: percent so far in pre market, but bids are due 57 00:02:53,040 --> 00:02:56,360 Speaker 1: today for the company after Warner Brothers put itself up 58 00:02:56,360 --> 00:02:59,400 Speaker 1: for sale last month, following interests from Netflix as well 59 00:02:59,440 --> 00:03:03,480 Speaker 1: as Paramount, Skydance and Comcast. Now sources have told us 60 00:03:03,480 --> 00:03:06,880 Speaker 1: here at Bloomberg that Netflix promised it would keep releasing 61 00:03:07,000 --> 00:03:10,520 Speaker 1: studio films in theaters if it is successful buying the company. 62 00:03:10,800 --> 00:03:13,920 Speaker 1: That is something that Warner brother has contractual agreements to 63 00:03:13,960 --> 00:03:17,320 Speaker 1: release movies and theaters, which Netflix would honor. So perhaps 64 00:03:17,320 --> 00:03:19,679 Speaker 1: the market may be coming to groups that maybe Netflix 65 00:03:19,919 --> 00:03:21,640 Speaker 1: could be the winner in today's bids. 66 00:03:22,680 --> 00:03:26,720 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 67 00:03:26,800 --> 00:03:29,359 Speaker 2: us throughout the day for the latest roundup of companies 68 00:03:29,440 --> 00:03:32,519 Speaker 2: making news on Wall Street and for the latest market 69 00:03:32,560 --> 00:03:37,000 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:37,120 --> 00:03:40,640 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 71 00:03:40,680 --> 00:03:42,200 Speaker 2: the Bloomberg Business app.