WEBVTT - Qualcomm Challenges Nvidia, Lululemon Rises, Keurig Dr Pepper Jumps

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Timstetek along with Carol Masser. Let's take a look

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<v Speaker 1>at some stocks on the move today. With us is

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<v Speaker 1>Bloomberg News Equities reporter Alexandra Semonova. Alex what is on

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<v Speaker 1>your radar?

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<v Speaker 3>Hey, guys, Well, it is all about Qualcom today. The

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<v Speaker 3>company is trying to break into the market for AI accelerators,

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<v Speaker 3>which are used to create and run artificial intelligence models.

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<v Speaker 3>This is the very segment that transformed the semiconductor industry

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<v Speaker 3>and made Nvidia a household name. So Qualcom here is

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<v Speaker 3>trying to challenge Nvidia. Shares at some point today rose

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<v Speaker 3>as much as twenty two percent. The stock is up

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<v Speaker 3>about thirteen percent right now. The company's new AI two

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<v Speaker 3>hundred lineup will start shipping next year. It already has

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<v Speaker 3>a customer Saudi Arabia's AI startups humane and certainly an

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<v Speaker 3>enthusiastic reaction today from investors, but Bloomberg Intelligence analysts say

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<v Speaker 3>that it is too soon to call this a serious

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<v Speaker 3>challenge to Anyvidia obviously, it's a behemoth, very hard to

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<v Speaker 3>compete with.

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<v Speaker 4>Yeah, I mean it was at more than twenty percent.

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<v Speaker 4>Now just about a twelve percent game, So the excitement

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<v Speaker 4>still avoiding. But yeah, exactly. Let's go to Lululemon. What's

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<v Speaker 4>going on.

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<v Speaker 3>Yeah, very upbeat news for them today, given the tough

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<v Speaker 3>year that they've had. They entered in agreement with the

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<v Speaker 3>National Football League as well as Sports Merchandise or Fanatics,

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<v Speaker 3>to develop a lineup of a fan apparel. This comes

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<v Speaker 3>as the retail retailer searches for new ways of growth.

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<v Speaker 3>The line includes clothes for all thirty two NFL teams

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<v Speaker 3>and will be sold through the NFL and Fanatics shops.

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<v Speaker 3>The merchandise will include things like hoodies and other core

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<v Speaker 3>products across Lululemon's key lines. The company shares are up,

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<v Speaker 3>but looks like about two percent right now. It was

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<v Speaker 3>down those fifty three percent this year through Friday.

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<v Speaker 4>So this is going after women because I know that

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<v Speaker 4>they've talked about women buying a lot of jerseys and

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<v Speaker 4>so on and so forth.

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<v Speaker 3>This meticular lineup but doesn't seem like it.

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<v Speaker 4>It's not gonna be like yoga pants with like you know.

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<v Speaker 3>Maybe maybe we'll have to see. I'm trying to understand

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<v Speaker 3>what They're a lot of fun if they know what's

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<v Speaker 3>good for them.

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<v Speaker 1>Yeah, maybe the folks over at Lulu are listening. Carroll

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<v Speaker 1>and I come up with some new ideas.

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<v Speaker 3>Thanks to Carol Max custom custom products for Carol sarcasm.

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<v Speaker 1>Thanks very much, buddy.

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<v Speaker 4>This next name, I was kind of surprised, but it

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<v Speaker 4>is like a top gainer in the major industries.

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<v Speaker 1>It is.

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<v Speaker 3>There is nothing like some private financing to come to

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<v Speaker 3>the rescue. Currag Doctor Pepper is raising seven billion dollars

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<v Speaker 3>from Apollo and KKR to help fund its acquisition of JD. E.

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<v Speaker 3>Pete that's the maker of Pete's Coffee and some other brands.

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<v Speaker 3>This is meant to ease some of the investor concerns

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<v Speaker 3>that they had around the company taking on too much debt.

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<v Speaker 3>A Wall Street had expressed a lot of disappointment over

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<v Speaker 3>Kurrag's August announcement to buy the Dutch Coffee Company for

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<v Speaker 3>about eighteen billion dollars, so this is alleviating some of

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<v Speaker 3>those concerns. The stock had increased as much as ten percent, again,

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<v Speaker 3>pairing some of that gain about seven percent right now

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<v Speaker 3>and it's had a really rough run up until.

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<v Speaker 2>Today the Stock Movers Report from Bloomberg Radio. Check back

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<v Speaker 2>with us throughout the day for the latest roundup of

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<v Speaker 2>companies making news on Wall Street and for the latest

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<v Speaker 2>market moving headlines. Listen to Bloomberg Radio Live, catch us

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