WEBVTT - TSMC Down, ASML Soars, Boston Scientific Drops on Penumbra Deal

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Stocks are climbing today after their first one percent down

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<v Speaker 1>day in the prior session, and with the earning season

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<v Speaker 1>firmly underway, we have a lot going on underneath the surface.

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<v Speaker 1>To discuss stocks on the move and companies to watch,

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<v Speaker 1>we have Bloomberg Equities reporter and deputy team leader Carmen Reinicky, Carmen,

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<v Speaker 1>what is on your radar today?

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<v Speaker 3>Yeah, So let's take a look at some of the

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<v Speaker 3>things that are driving this, you know, tech rebound today.

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<v Speaker 3>The first one I'm looking at is Taiwan Semi So

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<v Speaker 3>this is ticker TSM. ADRs are up about six and

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<v Speaker 3>a half percent right now, which is an intra day high.

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<v Speaker 3>After the company said it expects to spend as much

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<v Speaker 3>as fifty six billion dollars in capex this year, and

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<v Speaker 3>this is a lot more than analysts expected, and it

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<v Speaker 3>really shows that they're feeling very confident in ai Boom

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<v Speaker 3>going forward. It also said that it expects revenue growth

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<v Speaker 3>to be close to thirty percent in twenty twenty six,

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<v Speaker 3>which is also a lot more than analysts recommended, so

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<v Speaker 3>just very positive on the overall AI trend. It's also

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<v Speaker 3>lifting ADRs of ASML, so this is a key supplier

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<v Speaker 3>to Taiwan Semi. So these ADRs are up about six

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<v Speaker 3>percent right now, which is also an intra day high,

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<v Speaker 3>and it's boosted the market capitalization of ASML to more

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<v Speaker 3>than five hundred billion. I think this is interesting. So

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<v Speaker 3>this is the third European company to ever hit this milestone,

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<v Speaker 3>so you know, we're just seeing a lot of really

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<v Speaker 3>good moves there on the AI theme.

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<v Speaker 4>There aren't that many European hardcore tech names either, so

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<v Speaker 4>this is one of them. And when TSMC gets a

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<v Speaker 4>big boost like it has, you see the effects immediately.

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<v Speaker 4>By the way, tsm's adr csmcs ADRs tick R TSM

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<v Speaker 4>up fifty six percent in twenty twenty five, up ninety

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<v Speaker 4>two percent in twenty twenty four, up forty twenty twenty three,

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<v Speaker 4>and so far this year it's up fifteen percent, So

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<v Speaker 4>not a bad bet, all right, what's next?

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<v Speaker 3>Yeah, So the other one that I'm looking at, it's

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<v Speaker 3>two stocks sort of on the same story. So Pinumbra,

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<v Speaker 3>which is ticker Peen shares are up more than twelve

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<v Speaker 3>percent right now, also to hit an intra day high

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<v Speaker 3>after news that Boston Scientific agreed to buy the medical

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<v Speaker 3>device maker in a deal valuing it at more than

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<v Speaker 3>fourteen billion, and this is to expand Boston Scientific's portfolio

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<v Speaker 3>of cardiovascular treatments. So Boston Scientific shares, which is ticker BSX,

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<v Speaker 3>are down about four point seven percent right now, which

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<v Speaker 3>is the worst inter day drop in a little bit

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<v Speaker 3>over a month. So pin number stockholders will be able

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<v Speaker 3>to choose to either receive three hundred and seventy four

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<v Speaker 3>dollars in cash or about four shares of Boston Scientific stock,

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<v Speaker 3>according to a statement out today.

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<v Speaker 2>The Stock Mover's Report from Bloomberg Radio. Check back with

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