Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg data.
Speaker 2: Let's take a look at some of these stocks on
Speaker 2: the move today. I'm Paul swinging alongside Norma Linda, and
Speaker 2: we're here with Bloomberg at least mintail with the stock movers.
Speaker 2: You you sure what you got all right? So have to
Speaker 2: start with Nvidia. I mean it's the strong topic. NVDA
Speaker 2: the ticker world's most valuable company, right, so the shares
Speaker 2: have been down as much as one and a half
Speaker 2: percent before the bell a few things. So it posted
Speaker 2: a strong quarter. Sales were in line with estimates, roughly
Speaker 2: fifty four billion in the fiscal third quarter, but some
Speaker 2: analysts projected more than sixty billions, so it was a
Speaker 2: bit short there. It sparked a lot of questions about
Speaker 2: the pace of investment in AI system, so that was
Speaker 2: an issue there. It also worries about difficulties in China.
Speaker 2: But I just want to point out we're just getting
Speaker 2: this news into Fox is reporting in videas in talks
Speaker 2: with the Trump administry about selling those blackwell AI chips
Speaker 2: to China, and it's willing to give the US a
Speaker 2: cut of those sales. So that's according to Fox right now,
Speaker 2: so the shares, yeah, they have paired back a little bit,
Speaker 2: so now it's down about two tens of a percent
Speaker 2: instead of earlier where it was about one and a
Speaker 2: half percent. CEO Jensen Wong, he's been trying to ease
Speaker 2: those concerns, right, he said, the opportunity is immense. He said,
Speaker 2: we see three to four trillion in AI infrastructure spend
Speaker 2: by the end of the decade. The company also improved
Speaker 2: an additional sixty billion dollars in stock five x too,
Speaker 2: so some good news on that side. Stick with tech here,
Speaker 2: let's go to Snowflake. It's ticker of course s now
Speaker 2: Their sharees have been up as much as fourteen percent,
Speaker 2: and it's kind of this breath of fresh air because
Speaker 2: there were some anxiety that software vendors would really take
Speaker 2: a hit because the economy has been slowing. New AI
Speaker 2: companies are starting to take away business. But they gave
Speaker 2: a strong outlook, so that was some good news. They
Speaker 2: said private product revenue is going to be about four
Speaker 2: point four billion in the fiscal year ending in January.
Speaker 2: But software companies you already got. They already got this boost.
Speaker 2: Yesterday they had strong earnings from Mongo dB that we
Speaker 2: told you about. That's another data focused vender. So this
Speaker 2: is kind of more good news for the sector, kind
Speaker 2: of feeding into that. And we've been talking a lot
Speaker 2: about retail right, so we want to go to discount
Speaker 2: retailer Burlington. There were so many I'm like, where do
Speaker 2: we go. Let's say Burlington Stores ticker b u r L.
Speaker 2: Their shares have been up as much as nine percent.
Speaker 2: They've kind of pared back a little bit since then,
Speaker 2: but second quarter of results topped expectations, management raises, adjusted EPs,
Speaker 2: guidance higher, also boosted the low end of its sales forecast.
Speaker 2: But this is a discount retailer, and you were just
Speaker 2: talking about this earlier, Paul, Like those discount retailers seem
Speaker 2: to be doing well. People's you know, budgets are tightened
Speaker 2: and they're looking for deals, and that's one of the
Speaker 2: places that they've been going to Burlington, New Jersey. Ye, yeah, exactly,
Speaker 2: there we go. Yes, But a lot of those like
Speaker 2: the Dollar General we've been talking about and the tgx's
Speaker 2: we've been talking about so those discount retailers, so people
Speaker 2: are still spending. They're just looking for value, looking for deals. Yes,
Speaker 2: I'm the bargain shop. Yes, you had to do it.
Speaker 2: And if you guys have been to a mall lately,
Speaker 2: you know Build a Bear right, oh yeah, over the
Speaker 2: malls right, you go there, the kids pick out the thing,
Speaker 2: it's stuff it with all the filling, and you pick
Speaker 2: out a you know, an outfit, and you come out spending.
Speaker 2: I don't even know how much much. Two ms okay,
Speaker 2: but their shares have been up as much as seventeen
Speaker 2: percent and Sticker B b W apparently the record second
Speaker 2: quarter first half Physical twenty twenty five results it increase
Speaker 2: its annual guidance. Its CEO said, you know what, we
Speaker 2: want to advance the long term strategic initiatives. We have
Speaker 2: a focus on global expansion of their model, and they've
Speaker 2: had a stronger than anticipated pace of new location opening.
Speaker 2: So they've been opening some more stores and people just
Speaker 2: like the Build a Bear. They love a good teddy bear. Yeah,
Speaker 2: they're leave the children being dressed in anything. I know
Speaker 2: my son had like a one dressed in like a
Speaker 2: cowboys jersey because he was a cowboy friand like my daughter,
Speaker 2: we still have everyone. No I tossed that one in
Speaker 2: the garbage, okay, but it just goes to show you,
Speaker 2: you know, that it still has an attraction even years after,
Speaker 2: because it was starting to fade back a little bit.
Speaker 2: But now they're starting to get like this, this re
Speaker 2: second wins, a second win into the company. Which is
Speaker 2: which is which is good?
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