WEBVTT - Nvidia Lower; Snowflake and Burlington Gain

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg data.

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<v Speaker 2>Let's take a look at some of these stocks on

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<v Speaker 2>the move today. I'm Paul swinging alongside Norma Linda, and

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<v Speaker 2>we're here with Bloomberg at least mintail with the stock movers.

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<v Speaker 2>You you sure what you got all right? So have to

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<v Speaker 2>start with Nvidia. I mean it's the strong topic. NVDA

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<v Speaker 2>the ticker world's most valuable company, right, so the shares

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<v Speaker 2>have been down as much as one and a half

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<v Speaker 2>percent before the bell a few things. So it posted

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<v Speaker 2>a strong quarter. Sales were in line with estimates, roughly

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<v Speaker 2>fifty four billion in the fiscal third quarter, but some

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<v Speaker 2>analysts projected more than sixty billions, so it was a

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<v Speaker 2>bit short there. It sparked a lot of questions about

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<v Speaker 2>the pace of investment in AI system, so that was

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<v Speaker 2>an issue there. It also worries about difficulties in China.

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<v Speaker 2>But I just want to point out we're just getting

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<v Speaker 2>this news into Fox is reporting in videas in talks

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<v Speaker 2>with the Trump administry about selling those blackwell AI chips

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<v Speaker 2>to China, and it's willing to give the US a

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<v Speaker 2>cut of those sales. So that's according to Fox right now,

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<v Speaker 2>so the shares, yeah, they have paired back a little bit,

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<v Speaker 2>so now it's down about two tens of a percent

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<v Speaker 2>instead of earlier where it was about one and a

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<v Speaker 2>half percent. CEO Jensen Wong, he's been trying to ease

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<v Speaker 2>those concerns, right, he said, the opportunity is immense. He said,

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<v Speaker 2>we see three to four trillion in AI infrastructure spend

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<v Speaker 2>by the end of the decade. The company also improved

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<v Speaker 2>an additional sixty billion dollars in stock five x too,

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<v Speaker 2>so some good news on that side. Stick with tech here,

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<v Speaker 2>let's go to Snowflake. It's ticker of course s now

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<v Speaker 2>Their sharees have been up as much as fourteen percent,

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<v Speaker 2>and it's kind of this breath of fresh air because

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<v Speaker 2>there were some anxiety that software vendors would really take

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<v Speaker 2>a hit because the economy has been slowing. New AI

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<v Speaker 2>companies are starting to take away business. But they gave

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<v Speaker 2>a strong outlook, so that was some good news. They

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<v Speaker 2>said private product revenue is going to be about four

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<v Speaker 2>point four billion in the fiscal year ending in January.

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<v Speaker 2>But software companies you already got. They already got this boost.

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<v Speaker 2>Yesterday they had strong earnings from Mongo dB that we

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<v Speaker 2>told you about. That's another data focused vender. So this

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<v Speaker 2>is kind of more good news for the sector, kind

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<v Speaker 2>of feeding into that. And we've been talking a lot

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<v Speaker 2>about retail right, so we want to go to discount

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<v Speaker 2>retailer Burlington. There were so many I'm like, where do

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<v Speaker 2>we go. Let's say Burlington Stores ticker b u r L.

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<v Speaker 2>Their shares have been up as much as nine percent.

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<v Speaker 2>They've kind of pared back a little bit since then,

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<v Speaker 2>but second quarter of results topped expectations, management raises, adjusted EPs,

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<v Speaker 2>guidance higher, also boosted the low end of its sales forecast.

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<v Speaker 2>But this is a discount retailer, and you were just

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<v Speaker 2>talking about this earlier, Paul, Like those discount retailers seem

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<v Speaker 2>to be doing well. People's you know, budgets are tightened

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<v Speaker 2>and they're looking for deals, and that's one of the

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<v Speaker 2>places that they've been going to Burlington, New Jersey. Ye, yeah, exactly,

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<v Speaker 2>there we go. Yes, But a lot of those like

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<v Speaker 2>the Dollar General we've been talking about and the tgx's

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<v Speaker 2>we've been talking about so those discount retailers, so people

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<v Speaker 2>are still spending. They're just looking for value, looking for deals. Yes,

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<v Speaker 2>I'm the bargain shop. Yes, you had to do it.

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<v Speaker 2>And if you guys have been to a mall lately,

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<v Speaker 2>you know Build a Bear right, oh yeah, over the

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<v Speaker 2>malls right, you go there, the kids pick out the thing,

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<v Speaker 2>it's stuff it with all the filling, and you pick

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<v Speaker 2>out a you know, an outfit, and you come out spending.

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<v Speaker 2>I don't even know how much much. Two ms okay,

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<v Speaker 2>but their shares have been up as much as seventeen

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<v Speaker 2>percent and Sticker B b W apparently the record second

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<v Speaker 2>quarter first half Physical twenty twenty five results it increase

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<v Speaker 2>its annual guidance. Its CEO said, you know what, we

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<v Speaker 2>want to advance the long term strategic initiatives. We have

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<v Speaker 2>a focus on global expansion of their model, and they've

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<v Speaker 2>had a stronger than anticipated pace of new location opening.

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<v Speaker 2>So they've been opening some more stores and people just

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<v Speaker 2>like the Build a Bear. They love a good teddy bear. Yeah,

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<v Speaker 2>they're leave the children being dressed in anything. I know

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<v Speaker 2>my son had like a one dressed in like a

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<v Speaker 2>cowboys jersey because he was a cowboy friand like my daughter,

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<v Speaker 2>we still have everyone. No I tossed that one in

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<v Speaker 2>the garbage, okay, but it just goes to show you,

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<v Speaker 2>you know, that it still has an attraction even years after,

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<v Speaker 2>because it was starting to fade back a little bit.

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<v Speaker 2>But now they're starting to get like this, this re

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<v Speaker 2>second wins, a second win into the company. Which is

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<v Speaker 2>which is which is good?

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<v Speaker 1>The Stock Movers Report from Bloomberg Radio. Check back with

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