1 00:00:02,520 --> 00:00:07,360 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 --> 00:00:16,280 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,920 --> 00:00:19,320 Speaker 1: I'm Tim Stenebek along with Carol Masser. Let's take a 5 00:00:19,360 --> 00:00:21,840 Speaker 1: look at some stocks on the move today with us 6 00:00:21,840 --> 00:00:27,960 Speaker 1: as Bloomberg TV Market's correspondent nour Melinda Noura. In Vidia, Yeah, 7 00:00:27,960 --> 00:00:30,560 Speaker 1: and it moves. It has an outside effect because absolutely 8 00:00:30,640 --> 00:00:31,560 Speaker 1: it is so valuable. 9 00:00:31,720 --> 00:00:34,040 Speaker 3: Absolutely, I mean this is a name that the entire 10 00:00:34,120 --> 00:00:35,800 Speaker 3: market watches. Of course, we do know that this is 11 00:00:35,800 --> 00:00:38,400 Speaker 3: a stock that's going to be reporting next week. But 12 00:00:38,720 --> 00:00:41,360 Speaker 3: we are seeing shares of Nvidia in focus down about 13 00:00:41,360 --> 00:00:43,320 Speaker 3: two point six percent as we speak, And of course 14 00:00:43,360 --> 00:00:45,840 Speaker 3: we know this is after yesterday we saw the stock 15 00:00:45,920 --> 00:00:48,680 Speaker 3: hit its biggest jump since early April. So we are 16 00:00:48,720 --> 00:00:51,280 Speaker 3: seeing a pairing here of those games. This is after 17 00:00:51,320 --> 00:00:55,120 Speaker 3: soft Bank so that it'll be selling its entire five 18 00:00:55,160 --> 00:00:57,640 Speaker 3: point eight billion dollar stake in the company as it 19 00:00:57,680 --> 00:00:59,680 Speaker 3: looks to really go all in on the chat Cheepy 20 00:00:59,720 --> 00:01:02,320 Speaker 3: team or Open AI. So, of course we are seeing 21 00:01:02,760 --> 00:01:05,360 Speaker 3: this discussion and ongoing discussion right now about a potential 22 00:01:05,400 --> 00:01:07,640 Speaker 3: AI bubble. So of course, this is kind of underscoring 23 00:01:07,680 --> 00:01:10,600 Speaker 3: a lot of those threats, those concerns, and also just 24 00:01:10,880 --> 00:01:13,039 Speaker 3: about whether or not, you know, if they're pulling out 25 00:01:13,040 --> 00:01:15,200 Speaker 3: this funding, what does that mean for Nvidia more broadly? 26 00:01:15,240 --> 00:01:17,040 Speaker 4: But I mean I get it. 27 00:01:17,080 --> 00:01:19,880 Speaker 5: Isn't it going to have to buy in video chips? Yes, 28 00:01:21,319 --> 00:01:22,679 Speaker 5: if it's increasing. 29 00:01:22,600 --> 00:01:25,000 Speaker 1: Opening Eye will have to But I get it because 30 00:01:25,640 --> 00:01:28,760 Speaker 1: Soft Bank's essentially saying they're signaling, Okay, we think the 31 00:01:28,800 --> 00:01:32,800 Speaker 1: opportunity is better for us outside of video than inside 32 00:01:32,840 --> 00:01:35,800 Speaker 1: of DA Yeah, and maybe that's what has the market 33 00:01:35,840 --> 00:01:36,840 Speaker 1: and they probably made. 34 00:01:36,640 --> 00:01:39,119 Speaker 3: It a lot on their investment, right, I mean, that's 35 00:01:39,120 --> 00:01:42,160 Speaker 3: also what is also something being discussed right now. 36 00:01:42,200 --> 00:01:44,520 Speaker 4: But interesting nonetheless. 37 00:01:44,600 --> 00:01:48,800 Speaker 5: Yeah, I think it's interesting. Yeah, we actually have talked 38 00:01:48,800 --> 00:01:51,200 Speaker 5: about this a lot. Good stuff, Real Real. 39 00:01:51,360 --> 00:01:53,160 Speaker 4: This one definitely on the move. Yeah, this one on 40 00:01:53,200 --> 00:01:55,200 Speaker 4: the move. This is AI Well, there probably is a 41 00:01:55,400 --> 00:01:57,680 Speaker 4: I mean, at this point, isn't every company incorporating it 42 00:01:57,760 --> 00:02:00,680 Speaker 4: at the same It sounds like making a shares of 43 00:02:00,680 --> 00:02:01,080 Speaker 4: Real Real. 44 00:02:01,160 --> 00:02:03,160 Speaker 3: They are on a tear up as much as thirty 45 00:02:03,200 --> 00:02:05,480 Speaker 3: eight percent in today's trade. This is the best day 46 00:02:05,480 --> 00:02:07,400 Speaker 3: this year that we've seen for the stock. It's on 47 00:02:07,520 --> 00:02:10,040 Speaker 3: track to close at its highest level on record. This 48 00:02:10,120 --> 00:02:12,560 Speaker 3: is after a boost to its forecast. Of course, we 49 00:02:12,600 --> 00:02:14,959 Speaker 3: know Real Real is more of a second hand consignment 50 00:02:15,280 --> 00:02:18,119 Speaker 3: luxury good outlet, if you think about it that way, 51 00:02:18,919 --> 00:02:20,359 Speaker 3: And so you are really just seeing this as we're 52 00:02:20,360 --> 00:02:23,079 Speaker 3: thinking about the consumer right now, of course still being strapped, 53 00:02:23,200 --> 00:02:25,200 Speaker 3: but as you think about where you want to put 54 00:02:25,200 --> 00:02:27,359 Speaker 3: your cash. For those who are spending money on luxury, 55 00:02:27,360 --> 00:02:29,880 Speaker 3: apparently they like to get it secondhand because you can 56 00:02:30,000 --> 00:02:30,519 Speaker 3: knock off. 57 00:02:30,360 --> 00:02:31,359 Speaker 4: The price a little bit there. 58 00:02:31,400 --> 00:02:34,080 Speaker 3: So we are still seeing this stock really seeing some 59 00:02:34,120 --> 00:02:36,480 Speaker 3: strong gains, up about thirty eight percent so far. 60 00:02:36,520 --> 00:02:38,640 Speaker 4: If you look over the past twelve months. 61 00:02:38,440 --> 00:02:40,120 Speaker 5: I will say twenty five percent of the float was 62 00:02:40,160 --> 00:02:43,160 Speaker 5: short So any kind of good news. And if the 63 00:02:43,200 --> 00:02:45,080 Speaker 5: stock's moving up to the you know, moving big time 64 00:02:45,120 --> 00:02:45,960 Speaker 5: to the upside right right. 65 00:02:47,160 --> 00:02:49,040 Speaker 4: Love to look at the short interest. I die a 66 00:02:49,120 --> 00:02:51,799 Speaker 4: point that I just think, you know, we're always like. 67 00:02:52,040 --> 00:02:53,840 Speaker 5: Bye bye bye, but you know you got to look 68 00:02:53,880 --> 00:02:54,919 Speaker 5: at the other side obsolutely. 69 00:02:55,080 --> 00:02:57,120 Speaker 1: Should I be selling stuff to Real Real? Would they 70 00:02:57,160 --> 00:02:58,160 Speaker 1: even take the stuff that I have? 71 00:02:58,440 --> 00:02:59,799 Speaker 4: Depends on what you have, tim Yeah. 72 00:02:59,639 --> 00:03:01,600 Speaker 1: I don't think I'll take it. 73 00:03:01,639 --> 00:03:04,799 Speaker 5: Doesn't hurt the try comment, No, comment. All right, let's 74 00:03:04,800 --> 00:03:08,040 Speaker 5: talk about Corey. There certainly a top story for us 75 00:03:08,080 --> 00:03:09,440 Speaker 5: on this Tuesday. 76 00:03:09,520 --> 00:03:10,440 Speaker 4: Yeah, what is today? Right? 77 00:03:11,520 --> 00:03:14,760 Speaker 3: Well, Corey, this is TAKR CRWV. This is a stock 78 00:03:14,800 --> 00:03:17,480 Speaker 3: that of course ipoed back in late March, but today 79 00:03:17,600 --> 00:03:20,280 Speaker 3: not seeing a great day, shares down as much as 80 00:03:20,320 --> 00:03:23,320 Speaker 3: seventeen percent, that's the most since August. This is after 81 00:03:23,320 --> 00:03:26,320 Speaker 3: the company reported third quarter earnings. But they did talk 82 00:03:26,360 --> 00:03:28,800 Speaker 3: about a data center delay which they see could potentially 83 00:03:28,880 --> 00:03:31,799 Speaker 3: be snagging or creating some sort of impact on its 84 00:03:31,800 --> 00:03:34,160 Speaker 3: first quarter earning. So you did see JP Morgan coming 85 00:03:34,160 --> 00:03:37,520 Speaker 3: in downgrading the stock to neutral from overweight, and US 86 00:03:37,560 --> 00:03:40,600 Speaker 3: are still saying that supply constraints are okay over the 87 00:03:41,000 --> 00:03:43,000 Speaker 3: short term or there still tends to be some sort 88 00:03:43,040 --> 00:03:45,560 Speaker 3: of constraints here in terms of supply on the near term, 89 00:03:45,600 --> 00:03:48,120 Speaker 3: but overall it seems as though this isn't the worst 90 00:03:48,160 --> 00:03:50,760 Speaker 3: thing here for the company. But you're definitely seeing their 91 00:03:50,920 --> 00:03:52,560 Speaker 3: shears taken quite a bit of a beating today. 92 00:03:53,800 --> 00:03:56,960 Speaker 5: Yeah, core Weave one are the Neil Clouds. 93 00:03:57,040 --> 00:03:59,560 Speaker 1: Yeah, you know a lot of our conversation ahead of 94 00:04:00,080 --> 00:04:03,000 Speaker 1: earnings focused on the three core customers. According to the 95 00:04:03,000 --> 00:04:06,040 Speaker 1: supply chain function, on the Bloomberg terminal, Microsoft Meta platforms 96 00:04:06,040 --> 00:04:08,760 Speaker 1: in alphabet, and the company CEO on Bloomberg TV was 97 00:04:09,200 --> 00:04:13,119 Speaker 1: quick to point out that they're that they're diversifying, correct, which. 98 00:04:12,920 --> 00:04:15,600 Speaker 5: Is I think an important thing, you know, to kind 99 00:04:15,600 --> 00:04:18,240 Speaker 5: of stress right, considering that this has been something that 100 00:04:18,279 --> 00:04:20,360 Speaker 5: folks have been concerned about. I mean, this stock is 101 00:04:20,440 --> 00:04:22,760 Speaker 5: up how much from its IPO? 102 00:04:23,480 --> 00:04:24,720 Speaker 4: Was it back in May? That was? 103 00:04:24,800 --> 00:04:26,480 Speaker 3: Yeah, that was back to the end of March, March 104 00:04:26,480 --> 00:04:27,960 Speaker 3: twenty eighth when the iPod. 105 00:04:28,160 --> 00:04:29,000 Speaker 4: Okay, so I'm just. 106 00:04:29,000 --> 00:04:31,280 Speaker 1: Looking it's off of it's all off one hundred. 107 00:04:31,000 --> 00:04:34,159 Speaker 4: And twenty twenty four what I'm seeing as well. 108 00:04:35,960 --> 00:04:40,000 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 109 00:04:40,080 --> 00:04:42,600 Speaker 2: us throughout the day for the latest roundup of companies 110 00:04:42,720 --> 00:04:45,800 Speaker 2: making news on Wall Street and for the latest market 111 00:04:45,839 --> 00:04:50,320 Speaker 2: moving headlines. 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