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: I'm Timstetek along with Carol Masser. Let's take a look
Speaker 1: at some stocks on the move today. With us is
Speaker 1: Bloomberg News Equities reporter Alexandra Semonova. Alex what is on
Speaker 1: your radar?
Speaker 3: Hey, guys, Well, it is all about Qualcom today. The
Speaker 3: company is trying to break into the market for AI accelerators,
Speaker 3: which are used to create and run artificial intelligence models.
Speaker 3: This is the very segment that transformed the semiconductor industry
Speaker 3: and made Nvidia a household name. So Qualcom here is
Speaker 3: trying to challenge Nvidia. Shares at some point today rose
Speaker 3: as much as twenty two percent. The stock is up
Speaker 3: about thirteen percent right now. The company's new AI two
Speaker 3: hundred lineup will start shipping next year. It already has
Speaker 3: a customer Saudi Arabia's AI startups humane and certainly an
Speaker 3: enthusiastic reaction today from investors, but Bloomberg Intelligence analysts say
Speaker 3: that it is too soon to call this a serious
Speaker 3: challenge to Anyvidia obviously, it's a behemoth, very hard to
Speaker 3: compete with.
Speaker 4: Yeah, I mean it was at more than twenty percent.
Speaker 4: Now just about a twelve percent game, So the excitement
Speaker 4: still avoiding. But yeah, exactly. Let's go to Lululemon. What's
Speaker 4: going on.
Speaker 3: Yeah, very upbeat news for them today, given the tough
Speaker 3: year that they've had. They entered in agreement with the
Speaker 3: National Football League as well as Sports Merchandise or Fanatics,
Speaker 3: to develop a lineup of a fan apparel. This comes
Speaker 3: as the retail retailer searches for new ways of growth.
Speaker 3: The line includes clothes for all thirty two NFL teams
Speaker 3: and will be sold through the NFL and Fanatics shops.
Speaker 3: The merchandise will include things like hoodies and other core
Speaker 3: products across Lululemon's key lines. The company shares are up,
Speaker 3: but looks like about two percent right now. It was
Speaker 3: down those fifty three percent this year through Friday.
Speaker 4: So this is going after women because I know that
Speaker 4: they've talked about women buying a lot of jerseys and
Speaker 4: so on and so forth.
Speaker 3: This meticular lineup but doesn't seem like it.
Speaker 4: It's not gonna be like yoga pants with like you know.
Speaker 3: Maybe maybe we'll have to see. I'm trying to understand
Speaker 3: what They're a lot of fun if they know what's
Speaker 3: good for them.
Speaker 1: Yeah, maybe the folks over at Lulu are listening. Carroll
Speaker 1: and I come up with some new ideas.
Speaker 3: Thanks to Carol Max custom custom products for Carol sarcasm.
Speaker 1: Thanks very much, buddy.
Speaker 4: This next name, I was kind of surprised, but it
Speaker 4: is like a top gainer in the major industries.
Speaker 1: It is.
Speaker 3: There is nothing like some private financing to come to
Speaker 3: the rescue. Currag Doctor Pepper is raising seven billion dollars
Speaker 3: from Apollo and KKR to help fund its acquisition of JD. E.
Speaker 3: Pete that's the maker of Pete's Coffee and some other brands.
Speaker 3: This is meant to ease some of the investor concerns
Speaker 3: that they had around the company taking on too much debt.
Speaker 3: A Wall Street had expressed a lot of disappointment over
Speaker 3: Kurrag's August announcement to buy the Dutch Coffee Company for
Speaker 3: about eighteen billion dollars, so this is alleviating some of
Speaker 3: those concerns. The stock had increased as much as ten percent, again,
Speaker 3: pairing some of that gain about seven percent right now
Speaker 3: and it's had a really rough run up until.
Speaker 2: Today the Stock Movers Report from Bloomberg Radio. Check back
Speaker 2: with us throughout the day for the latest roundup of
Speaker 2: companies making news on Wall Street and for the latest
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us
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