1 00:00:02,520 --> 00:00:07,000 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 00:00:16,600 --> 00:00:19,520 Speaker 1: I'm Timstetek along with Carol Masser. Let's take a look 5 00:00:19,520 --> 00:00:21,880 Speaker 1: at some stocks on the move today. With us is 6 00:00:21,920 --> 00:00:26,080 Speaker 1: Bloomberg News Equities reporter Alexandra Semonova. Alex what is on 7 00:00:26,120 --> 00:00:26,600 Speaker 1: your radar? 8 00:00:26,880 --> 00:00:29,479 Speaker 3: Hey, guys, Well, it is all about Qualcom today. The 9 00:00:29,480 --> 00:00:32,879 Speaker 3: company is trying to break into the market for AI accelerators, 10 00:00:32,920 --> 00:00:37,080 Speaker 3: which are used to create and run artificial intelligence models. 11 00:00:37,080 --> 00:00:40,760 Speaker 3: This is the very segment that transformed the semiconductor industry 12 00:00:40,800 --> 00:00:43,880 Speaker 3: and made Nvidia a household name. So Qualcom here is 13 00:00:43,920 --> 00:00:47,120 Speaker 3: trying to challenge Nvidia. Shares at some point today rose 14 00:00:47,240 --> 00:00:49,680 Speaker 3: as much as twenty two percent. The stock is up 15 00:00:49,800 --> 00:00:53,400 Speaker 3: about thirteen percent right now. The company's new AI two 16 00:00:53,440 --> 00:00:56,760 Speaker 3: hundred lineup will start shipping next year. It already has 17 00:00:57,080 --> 00:01:01,600 Speaker 3: a customer Saudi Arabia's AI startups humane and certainly an 18 00:01:01,760 --> 00:01:05,760 Speaker 3: enthusiastic reaction today from investors, but Bloomberg Intelligence analysts say 19 00:01:05,760 --> 00:01:08,280 Speaker 3: that it is too soon to call this a serious 20 00:01:08,400 --> 00:01:11,840 Speaker 3: challenge to Anyvidia obviously, it's a behemoth, very hard to 21 00:01:11,880 --> 00:01:12,319 Speaker 3: compete with. 22 00:01:12,440 --> 00:01:14,199 Speaker 4: Yeah, I mean it was at more than twenty percent. 23 00:01:14,480 --> 00:01:17,399 Speaker 4: Now just about a twelve percent game, So the excitement 24 00:01:17,880 --> 00:01:22,280 Speaker 4: still avoiding. But yeah, exactly. Let's go to Lululemon. What's 25 00:01:22,280 --> 00:01:22,680 Speaker 4: going on. 26 00:01:22,840 --> 00:01:26,040 Speaker 3: Yeah, very upbeat news for them today, given the tough 27 00:01:26,080 --> 00:01:28,280 Speaker 3: year that they've had. They entered in agreement with the 28 00:01:28,400 --> 00:01:32,240 Speaker 3: National Football League as well as Sports Merchandise or Fanatics, 29 00:01:32,240 --> 00:01:35,600 Speaker 3: to develop a lineup of a fan apparel. This comes 30 00:01:35,600 --> 00:01:38,800 Speaker 3: as the retail retailer searches for new ways of growth. 31 00:01:39,200 --> 00:01:42,520 Speaker 3: The line includes clothes for all thirty two NFL teams 32 00:01:42,520 --> 00:01:45,720 Speaker 3: and will be sold through the NFL and Fanatics shops. 33 00:01:45,760 --> 00:01:48,920 Speaker 3: The merchandise will include things like hoodies and other core 34 00:01:49,000 --> 00:01:53,280 Speaker 3: products across Lululemon's key lines. The company shares are up, 35 00:01:53,320 --> 00:01:56,560 Speaker 3: but looks like about two percent right now. It was 36 00:01:56,640 --> 00:01:58,960 Speaker 3: down those fifty three percent this year through Friday. 37 00:01:59,000 --> 00:02:00,560 Speaker 4: So this is going after women because I know that 38 00:02:00,600 --> 00:02:02,480 Speaker 4: they've talked about women buying a lot of jerseys and 39 00:02:02,480 --> 00:02:03,360 Speaker 4: so on and so forth. 40 00:02:03,560 --> 00:02:06,480 Speaker 3: This meticular lineup but doesn't seem like it. 41 00:02:06,480 --> 00:02:08,680 Speaker 4: It's not gonna be like yoga pants with like you know. 42 00:02:08,760 --> 00:02:12,440 Speaker 3: Maybe maybe we'll have to see. I'm trying to understand 43 00:02:12,440 --> 00:02:14,760 Speaker 3: what They're a lot of fun if they know what's 44 00:02:14,760 --> 00:02:15,280 Speaker 3: good for them. 45 00:02:16,360 --> 00:02:19,240 Speaker 1: Yeah, maybe the folks over at Lulu are listening. Carroll 46 00:02:19,280 --> 00:02:20,600 Speaker 1: and I come up with some new ideas. 47 00:02:20,600 --> 00:02:24,040 Speaker 3: Thanks to Carol Max custom custom products for Carol sarcasm. 48 00:02:24,080 --> 00:02:25,239 Speaker 1: Thanks very much, buddy. 49 00:02:26,440 --> 00:02:28,560 Speaker 4: This next name, I was kind of surprised, but it 50 00:02:28,680 --> 00:02:30,720 Speaker 4: is like a top gainer in the major industries. 51 00:02:30,840 --> 00:02:31,160 Speaker 1: It is. 52 00:02:31,280 --> 00:02:34,720 Speaker 3: There is nothing like some private financing to come to 53 00:02:34,760 --> 00:02:38,720 Speaker 3: the rescue. Currag Doctor Pepper is raising seven billion dollars 54 00:02:38,800 --> 00:02:43,000 Speaker 3: from Apollo and KKR to help fund its acquisition of JD. E. 55 00:02:43,080 --> 00:02:46,639 Speaker 3: Pete that's the maker of Pete's Coffee and some other brands. 56 00:02:46,880 --> 00:02:49,600 Speaker 3: This is meant to ease some of the investor concerns 57 00:02:49,639 --> 00:02:52,520 Speaker 3: that they had around the company taking on too much debt. 58 00:02:52,840 --> 00:02:56,240 Speaker 3: A Wall Street had expressed a lot of disappointment over 59 00:02:56,400 --> 00:03:00,160 Speaker 3: Kurrag's August announcement to buy the Dutch Coffee Company for 60 00:03:00,200 --> 00:03:02,640 Speaker 3: about eighteen billion dollars, so this is alleviating some of 61 00:03:02,680 --> 00:03:06,760 Speaker 3: those concerns. The stock had increased as much as ten percent, again, 62 00:03:07,639 --> 00:03:09,920 Speaker 3: pairing some of that gain about seven percent right now 63 00:03:09,960 --> 00:03:11,720 Speaker 3: and it's had a really rough run up until. 64 00:03:11,720 --> 00:03:17,120 Speaker 2: Today the Stock Movers Report from Bloomberg Radio. Check back 65 00:03:17,160 --> 00:03:19,400 Speaker 2: with us throughout the day for the latest roundup of 66 00:03:19,440 --> 00:03:22,720 Speaker 2: companies making news on Wall Street and for the latest 67 00:03:22,760 --> 00:03:26,960 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 68 00:03:27,000 --> 00:03:30,760 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 69 00:03:30,760 --> 00:03:32,760 Speaker 2: Auto with the Bloomberg Business app.