1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,360 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:17,040 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:17,040 --> 00:00:18,520 Speaker 1: at some stocks on the move today. 5 00:00:18,800 --> 00:00:22,919 Speaker 2: Let's start with Lumentum, the ticker symbol there light Lite. 6 00:00:23,160 --> 00:00:25,079 Speaker 2: That stock is up better than five and a half 7 00:00:25,120 --> 00:00:28,720 Speaker 2: percent right now. So Lumentum says demand from the biggest 8 00:00:28,800 --> 00:00:32,600 Speaker 2: US tech companies for its optical components is accelerating and 9 00:00:32,680 --> 00:00:36,400 Speaker 2: on track to fill its orders through twenty twenty eight 10 00:00:36,760 --> 00:00:39,520 Speaker 2: as an enviable position. So just so you know, Lumentum's 11 00:00:39,520 --> 00:00:43,560 Speaker 2: devices they enable high speed data transmission in Nvidia, remember 12 00:00:43,600 --> 00:00:46,440 Speaker 2: took a major stake in lumentin, investing two billion dollars 13 00:00:46,440 --> 00:00:48,519 Speaker 2: in the company, and its stock has been on a 14 00:00:48,760 --> 00:00:52,800 Speaker 2: meteoric rise. It is up fifteen hundred percent in the 15 00:00:52,840 --> 00:00:57,600 Speaker 2: past year. A manner a rock or something, I think 16 00:00:57,600 --> 00:01:01,400 Speaker 2: stocks are we ripped? Holy yeah, we we once in 17 00:01:01,440 --> 00:01:03,520 Speaker 2: a while this really pops and we and we definitely 18 00:01:03,600 --> 00:01:06,200 Speaker 2: highlighted this is good that you're doing this because you know, 19 00:01:06,280 --> 00:01:09,039 Speaker 2: pauses are we under wreck? We have also through rules, folks, 20 00:01:09,440 --> 00:01:12,600 Speaker 2: where we can't trade this stuff. So you're right, we're 21 00:01:12,600 --> 00:01:14,560 Speaker 2: a little bit ignorant about it in b I Scott 22 00:01:14,560 --> 00:01:16,480 Speaker 2: research on it. All right, there you go, of course 23 00:01:16,520 --> 00:01:20,759 Speaker 2: they do. So next Taiwan Semiconductor, we're going to stick 24 00:01:20,760 --> 00:01:24,119 Speaker 2: stick within this sort of chip space reported a thirty 25 00:01:24,200 --> 00:01:28,800 Speaker 2: five percent increase in quarterly revenue, showing AI chip demand 26 00:01:28,880 --> 00:01:32,080 Speaker 2: continues to remain very strong. War or no war. Taiwan 27 00:01:32,080 --> 00:01:35,000 Speaker 2: Semiconductor up two hundred and thirty two percent a year 28 00:01:35,040 --> 00:01:36,760 Speaker 2: to date. Remember it is the main ship maker for 29 00:01:37,040 --> 00:01:41,160 Speaker 2: Nvidia and Apple and this number is just honestly, it's staggering. 30 00:01:41,160 --> 00:01:43,880 Speaker 2: The company's revenue for the first quarter one point one 31 00:01:44,319 --> 00:01:48,960 Speaker 2: trillion dollars trillion. Well, so I think it's that reports 32 00:01:48,960 --> 00:01:51,480 Speaker 2: go to quell any concerns that you know, the crisis 33 00:01:51,520 --> 00:01:54,360 Speaker 2: in the Middle East is you know, somehow dampening demand 34 00:01:54,360 --> 00:01:57,960 Speaker 2: for AI data centers. Sixty six percent of the revenue 35 00:01:58,320 --> 00:02:02,680 Speaker 2: is America, North America, excuse me, and even eleven percent 36 00:02:02,840 --> 00:02:03,680 Speaker 2: is China. 37 00:02:04,000 --> 00:02:06,240 Speaker 1: It's just it's just blistering. 38 00:02:06,240 --> 00:02:08,680 Speaker 2: What an international company it is. There, Yeah, in time 39 00:02:08,800 --> 00:02:11,280 Speaker 2: on Semi, Yeah, all right, this is a smaller company, 40 00:02:11,360 --> 00:02:15,640 Speaker 2: but it's getting some attention. This morning. Organon organon Jersey City, 41 00:02:15,720 --> 00:02:18,240 Speaker 2: New Jersey. Yes, I'm so impressed that you knew that. 42 00:02:19,120 --> 00:02:22,080 Speaker 2: What's your state after all? So ticker symbol OG and 43 00:02:22,160 --> 00:02:26,480 Speaker 2: it's a women's healthcare company, up twenty percent today alone. 44 00:02:26,600 --> 00:02:28,760 Speaker 2: It could use it because the stock is down about 45 00:02:28,800 --> 00:02:32,200 Speaker 2: forty percent a year to date. So there's a story 46 00:02:32,240 --> 00:02:36,000 Speaker 2: in the Economic Times that Sun Pharmaceutical of India is 47 00:02:36,000 --> 00:02:39,919 Speaker 2: set to make a twelve billion dollar offer for organ Organon, 48 00:02:40,000 --> 00:02:43,600 Speaker 2: which actually is quite debt ridden. But Sun Pharma says 49 00:02:43,639 --> 00:02:46,680 Speaker 2: this report is quote speculative at best. Nevertheless, we've got 50 00:02:46,680 --> 00:02:48,880 Speaker 2: shares of Sun Pharma down three and a half percent 51 00:02:49,000 --> 00:02:52,359 Speaker 2: and Organon up twenty percent. And if we have time 52 00:02:52,400 --> 00:02:54,960 Speaker 2: for one more, I'd love to talk a little Porsche. 53 00:02:55,200 --> 00:02:55,880 Speaker 1: Porsche. 54 00:02:56,120 --> 00:02:58,919 Speaker 2: So the stock is up two percent here. First quarter 55 00:02:59,040 --> 00:03:03,600 Speaker 2: sales fell. Why a steep drop in China, which used 56 00:03:03,639 --> 00:03:06,000 Speaker 2: to be it's number one market. You know, we continue 57 00:03:06,040 --> 00:03:09,480 Speaker 2: to hear the same narrative that luxury spending in China 58 00:03:10,240 --> 00:03:14,040 Speaker 2: is falling, and so a company like Porsche is feeling 59 00:03:14,120 --> 00:03:17,400 Speaker 2: the impact. Also, there is a slowdown in demand for 60 00:03:17,480 --> 00:03:20,560 Speaker 2: electric cars here in the US, you know, and elsewhere, 61 00:03:20,560 --> 00:03:23,680 Speaker 2: and so Porsche is also now scaling back its EV plans. 62 00:03:24,440 --> 00:03:28,760 Speaker 2: So China is so is so not doing it for 63 00:03:28,840 --> 00:03:32,000 Speaker 2: Porsche right now that it now is selling more Porsches 64 00:03:32,040 --> 00:03:33,959 Speaker 2: in Germany than in China. 65 00:03:35,160 --> 00:03:39,200 Speaker 1: The Stock Movers Report from Bloomberg Radio. 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