WEBVTT - Nvidia Earnings Pop; Salesforce Dip; HP Cuts Forecast

0:00:02.520 --> 0:00:08.800
<v Speaker 1>Bloomberg Audio Studios podcasts, radio news, The.

0:00:08.880 --> 0:00:13.160
<v Speaker 2>Stock Movers podcast, your roundup of companies making moves in

0:00:13.200 --> 0:00:16.480
<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

0:00:17.960 --> 0:00:19.840
<v Speaker 1>Let's take a look at some stocks on the move today.

0:00:19.880 --> 0:00:23.920
<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Critty Gupta. Some stocks

0:00:23.960 --> 0:00:27.440
<v Speaker 1>on the move today. Come on, Nvidia, it's the centerpiece

0:00:27.520 --> 0:00:30.960
<v Speaker 1>this morning. Good morning, Critty, Good morning Nathan. It absolutely is.

0:00:31.040 --> 0:00:33.800
<v Speaker 3>Despite the fact that we have trade news that's driving

0:00:33.840 --> 0:00:37.000
<v Speaker 3>sentiment across the board into the green and video shares

0:00:37.040 --> 0:00:39.880
<v Speaker 3>hired by five point eight percent. NVDA is your ticker there,

0:00:40.080 --> 0:00:43.320
<v Speaker 3>trading just shy of one hundred and forty three dollars

0:00:43.400 --> 0:00:45.520
<v Speaker 3>a share. Look, they beat their first quarter estimates. They're

0:00:45.520 --> 0:00:48.599
<v Speaker 3>saying that the eight billion dollar revenue hit from those

0:00:48.680 --> 0:00:51.720
<v Speaker 3>chip export controls in terms of limiting some of the

0:00:51.800 --> 0:00:55.040
<v Speaker 3>chips that are going from the United States back to China,

0:00:55.120 --> 0:00:57.000
<v Speaker 3>that it is a hit, but it's not a big

0:00:57.120 --> 0:00:59.200
<v Speaker 3>enough hit to deter some of the momentum that this

0:00:59.240 --> 0:01:01.520
<v Speaker 3>company is deal with. So once again, the A plus

0:01:01.520 --> 0:01:05.080
<v Speaker 3>plus student delivers. This is also crucial because they're talking

0:01:05.120 --> 0:01:07.280
<v Speaker 3>about the investment coming in on the AI front. They're

0:01:07.319 --> 0:01:10.919
<v Speaker 3>talking about some of these innovations trends that we've really

0:01:11.080 --> 0:01:13.280
<v Speaker 3>the market has really priced in as a no brainer

0:01:13.600 --> 0:01:16.120
<v Speaker 3>getting bigger and bigger when it comes to that growth picture.

0:01:16.160 --> 0:01:19.200
<v Speaker 3>So good news for in video shares ENVDA hire by

0:01:19.319 --> 0:01:21.000
<v Speaker 3>six percent. But Nathan, I've got to say, I kind

0:01:21.000 --> 0:01:22.760
<v Speaker 3>of feel a little sorry for all the other companies

0:01:22.760 --> 0:01:25.440
<v Speaker 3>that report at the same time as Video, because then

0:01:25.480 --> 0:01:27.720
<v Speaker 3>you kind of miss out on some of the momentum

0:01:28.120 --> 0:01:31.560
<v Speaker 3>in these other players. Salesforce is one of them as well.

0:01:31.760 --> 0:01:34.119
<v Speaker 3>CRM is your ticker down by four tens of one

0:01:34.160 --> 0:01:37.680
<v Speaker 3>percent this morning, trading at two hundred and seventy five

0:01:37.880 --> 0:01:40.679
<v Speaker 3>dollars a share. Now, they did report earnings yesterday. They

0:01:40.760 --> 0:01:42.880
<v Speaker 3>raise their annual sales out look. They're saying that all

0:01:42.880 --> 0:01:46.480
<v Speaker 3>their AI investment is going to pay off eventually. But

0:01:46.640 --> 0:01:48.960
<v Speaker 3>this morning, it looks like they're actually getting cut to

0:01:49.000 --> 0:01:52.840
<v Speaker 3>a hold over at RBC at downgrade to sector perform

0:01:52.880 --> 0:01:56.680
<v Speaker 3>from outperform at the company talking about execution risk about

0:01:56.720 --> 0:02:00.200
<v Speaker 3>the company's acquisition of Informatica. This is a company that

0:02:00.240 --> 0:02:02.840
<v Speaker 3>we covered earlier this week when that deal was reported

0:02:02.880 --> 0:02:04.960
<v Speaker 3>by the Wall Street Journal. So now we're seeing that

0:02:05.040 --> 0:02:08.079
<v Speaker 3>the analyst saying, given many Salesforce's prior acquisitions have not

0:02:08.120 --> 0:02:11.400
<v Speaker 3>been integrated, there's a great deal of deal risk around

0:02:11.400 --> 0:02:14.400
<v Speaker 3>this particular one. So that was whatever the opposite of

0:02:14.400 --> 0:02:17.520
<v Speaker 3>a vote of confidence is onto Salesforce and certainly weighing

0:02:17.919 --> 0:02:20.119
<v Speaker 3>on their post earnings day because those shares are down

0:02:20.200 --> 0:02:23.680
<v Speaker 3>about three tenths of one percent. CRM is your ticker.

0:02:23.760 --> 0:02:26.160
<v Speaker 3>Let's talk about hp as well, which is also reported

0:02:26.200 --> 0:02:29.360
<v Speaker 3>earnings and not having a good day this morning. Hpq's

0:02:29.440 --> 0:02:33.200
<v Speaker 3>your ticker down about nine percent. Nata Nathan really taking

0:02:33.200 --> 0:02:36.799
<v Speaker 3>a beating trading just shy of twenty five dollars a

0:02:36.919 --> 0:02:39.919
<v Speaker 3>share because they did I think what everyone is scared

0:02:39.919 --> 0:02:42.399
<v Speaker 3>of doing right now, which is cutting their profit out. Look,

0:02:42.400 --> 0:02:45.040
<v Speaker 3>they're saying they're worried about the economy. They're worried about

0:02:45.040 --> 0:02:48.120
<v Speaker 3>the tariffs as well. But we should mention that I

0:02:48.200 --> 0:02:51.480
<v Speaker 3>believe this was reported before the trade court order, so

0:02:52.200 --> 0:02:53.560
<v Speaker 3>we really just keep an eye on the timing there.

0:02:53.560 --> 0:02:55.760
<v Speaker 3>I wonder if they your guidance changes based on the

0:02:55.800 --> 0:02:58.760
<v Speaker 3>latest coming out of that federal court in the United

0:02:58.800 --> 0:03:02.400
<v Speaker 3>States as well. Exactly. So HPQ is your ticker. There,

0:03:02.440 --> 0:03:05.280
<v Speaker 3>shares down this morning. There's one stock that we haven't

0:03:05.280 --> 0:03:07.200
<v Speaker 3>really talked about very much, and that's synopsis. It's not

0:03:07.240 --> 0:03:09.760
<v Speaker 3>a stock I cover often in this segment, Nathan, but

0:03:09.760 --> 0:03:12.480
<v Speaker 3>I think it's an important one. SNPs is your ticker.

0:03:12.560 --> 0:03:15.240
<v Speaker 3>Hired by four percent this morning, training at four hundred

0:03:15.280 --> 0:03:17.920
<v Speaker 3>and eighty two dollars a share. This is a company

0:03:18.280 --> 0:03:21.400
<v Speaker 3>that kind of ships out machinery and software to the

0:03:21.520 --> 0:03:24.040
<v Speaker 3>entire world. They have about twelve percent exposure to China.

0:03:24.120 --> 0:03:26.600
<v Speaker 3>But on the thought that or on the report, I

0:03:26.600 --> 0:03:29.239
<v Speaker 3>say that Trump is ordering US chip software designers to

0:03:29.280 --> 0:03:31.919
<v Speaker 3>stop those China sales. This is a stock that sticks out,

0:03:32.000 --> 0:03:35.080
<v Speaker 3>So keep an eye on this one. SNPs is your ticker.

0:03:36.360 --> 0:03:40.480
<v Speaker 2>The Stock Movers podcast from Bloomberg Radio. Check back with

0:03:40.560 --> 0:03:43.680
<v Speaker 2>us throughout today for the latest roundup of companies making

0:03:43.760 --> 0:03:47.320
<v Speaker 2>news on Wall Street and for the latest market moving headlines.

0:03:47.480 --> 0:03:51.400
<v Speaker 2>Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg

0:03:51.440 --> 0:03:54.240
<v Speaker 2>dot com, and on Applecarplay and Android Auto with the

0:03:54.280 --> 0:03:55.640
<v Speaker 2>Bloomberg Business app.