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 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel Good and
Speaker 3: Video Morning.
Speaker 1: Valerie Good in Video Morning, Nathan, and it is a
Speaker 1: bright and Sunday morning at that and Video shares up
Speaker 1: nearly five percent in the pre market trade. This is
Speaker 1: all down to their beat in their third quarter revenue
Speaker 1: in a bullish guidance on on future earnings, lifting not
Speaker 1: just Nvidia in the Nasdaq, but global equities with it.
Speaker 1: The chip maker guided for next quarter revenue to be
Speaker 1: sixty five billion dollars, above estimates of sixty two and
Speaker 1: they also said that the half a trillion revenue bonanza
Speaker 1: that they expected in the coming quarters may be even
Speaker 1: bigger than anticipated. Their data center revenue also came in
Speaker 1: strong for the previous quarter, and Jensen Hwang told Bloomberg
Speaker 1: the CEO that the AI chip sales of their Blackwell
Speaker 1: model are off the charts now. Some skeptics are weighing
Speaker 1: in on the AI bubble debate, arguing that.
Speaker 4: Just because Nvidia AI.
Speaker 1: Chips are in such demand doesn't mean the return on
Speaker 1: investment from them is going to be higher. That's really
Speaker 1: at the crux of the text valuations at the moment
Speaker 1: whether this massive investment in AI data centers and in
Speaker 1: Vidia chips is going to pay off. But regardless, fears
Speaker 1: are receiving about an AI bubble and risks on a
Speaker 1: front foot today.
Speaker 3: All right, So what's the ripple effect across the AI sector.
Speaker 1: It's pretty decent across even the rival chip makers to
Speaker 1: Nvidia's dominance in the sophisticated AI chip space. We're seeing
Speaker 1: the likes of AMD, their main rival, up five sorry,
Speaker 1: four point five percent, Broadcom up three percent, in Intel
Speaker 1: up one point six percent.
Speaker 4: We're also seeing a decent a boost.
Speaker 1: When it comes to as cloud computing services providers, the
Speaker 1: likes of Core weave or up nearly eight percent, an
Speaker 1: Oracle up nearly three So it's a broad based move
Speaker 1: across the tech industry this morning.
Speaker 3: But not for every tech name. Val what's going on
Speaker 3: with Palo Alto Networks.
Speaker 4: Follow Alto Networks.
Speaker 1: Their shares are in the red, down three point seven percent.
Speaker 1: This is the network security software company. They came out
Speaker 1: with earnings that were actually pretty decent beat expectations, but
Speaker 1: the company agreed to acquire Chronosphere to enhance its AI
Speaker 1: enabled cybersecurity offerings and paying just north of three point
Speaker 1: three billion dollars for it. So perhaps the market viewing
Speaker 1: this acquisition with a bit of doubt given the price
Speaker 1: tag for Palo Alto.
Speaker 3: Speaking of acquisition news, Valerie, Warner Brothers Discovery is going
Speaker 3: to be one to watch today.
Speaker 1: Yes, so I do want to put this on everyone's radar.
Speaker 1: Warner Brothers Discovery. It's up just eight tens of one
Speaker 1: percent so far in pre market, but bids are due
Speaker 1: today for the company after Warner Brothers put itself up
Speaker 1: for sale last month, following interests from Netflix as well
Speaker 1: as Paramount, Skydance and Comcast. Now sources have told us
Speaker 1: here at Bloomberg that Netflix promised it would keep releasing
Speaker 1: studio films in theaters if it is successful buying the company.
Speaker 1: That is something that Warner brother has contractual agreements to
Speaker 1: release movies and theaters, which Netflix would honor. So perhaps
Speaker 1: the market may be coming to groups that maybe Netflix
Speaker 1: could be the winner in today's bids.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
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