Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Stocks are climbing today after their first one percent down
Speaker 1: day in the prior session, and with the earning season
Speaker 1: firmly underway, we have a lot going on underneath the surface.
Speaker 1: To discuss stocks on the move and companies to watch,
Speaker 1: we have Bloomberg Equities reporter and deputy team leader Carmen Reinicky, Carmen,
Speaker 1: what is on your radar today?
Speaker 3: Yeah, So let's take a look at some of the
Speaker 3: things that are driving this, you know, tech rebound today.
Speaker 3: The first one I'm looking at is Taiwan Semi So
Speaker 3: this is ticker TSM. ADRs are up about six and
Speaker 3: a half percent right now, which is an intra day high.
Speaker 3: After the company said it expects to spend as much
Speaker 3: as fifty six billion dollars in capex this year, and
Speaker 3: this is a lot more than analysts expected, and it
Speaker 3: really shows that they're feeling very confident in ai Boom
Speaker 3: going forward. It also said that it expects revenue growth
Speaker 3: to be close to thirty percent in twenty twenty six,
Speaker 3: which is also a lot more than analysts recommended, so
Speaker 3: just very positive on the overall AI trend. It's also
Speaker 3: lifting ADRs of ASML, so this is a key supplier
Speaker 3: to Taiwan Semi. So these ADRs are up about six
Speaker 3: percent right now, which is also an intra day high,
Speaker 3: and it's boosted the market capitalization of ASML to more
Speaker 3: than five hundred billion. I think this is interesting. So
Speaker 3: this is the third European company to ever hit this milestone,
Speaker 3: so you know, we're just seeing a lot of really
Speaker 3: good moves there on the AI theme.
Speaker 4: There aren't that many European hardcore tech names either, so
Speaker 4: this is one of them. And when TSMC gets a
Speaker 4: big boost like it has, you see the effects immediately.
Speaker 4: By the way, tsm's adr csmcs ADRs tick R TSM
Speaker 4: up fifty six percent in twenty twenty five, up ninety
Speaker 4: two percent in twenty twenty four, up forty twenty twenty three,
Speaker 4: and so far this year it's up fifteen percent, So
Speaker 4: not a bad bet, all right, what's next?
Speaker 3: Yeah, So the other one that I'm looking at, it's
Speaker 3: two stocks sort of on the same story. So Pinumbra,
Speaker 3: which is ticker Peen shares are up more than twelve
Speaker 3: percent right now, also to hit an intra day high
Speaker 3: after news that Boston Scientific agreed to buy the medical
Speaker 3: device maker in a deal valuing it at more than
Speaker 3: fourteen billion, and this is to expand Boston Scientific's portfolio
Speaker 3: of cardiovascular treatments. So Boston Scientific shares, which is ticker BSX,
Speaker 3: are down about four point seven percent right now, which
Speaker 3: is the worst inter day drop in a little bit
Speaker 3: over a month. So pin number stockholders will be able
Speaker 3: to choose to either receive three hundred and seventy four
Speaker 3: dollars in cash or about four shares of Boston Scientific stock,
Speaker 3: according to a statement out today.
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