1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market. 3 00:00:13,680 --> 00:00:15,880 Speaker 1: Harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:18,119 Speaker 2: Let's take a look at some of the stocks on 5 00:00:18,160 --> 00:00:20,880 Speaker 2: the move today. We're joined by Bloomberg's Jordan Fitzgerald. Jordan, 6 00:00:20,880 --> 00:00:21,680 Speaker 2: what are you looking at today? 7 00:00:22,239 --> 00:00:24,960 Speaker 3: I mean, Intel's the indisputable story of the day. Shares 8 00:00:25,040 --> 00:00:27,840 Speaker 3: up as much as twenty seven point seven percent. That's 9 00:00:27,840 --> 00:00:30,000 Speaker 3: the biggest jump for the stock in today since nineteen 10 00:00:30,000 --> 00:00:33,960 Speaker 3: eighty seven. Wow, so well before my time. And you 11 00:00:33,960 --> 00:00:40,720 Speaker 3: know wow, yep, yeah. Intel has brought up semiconductor stocks generally. 12 00:00:40,960 --> 00:00:43,880 Speaker 3: The Philly Semiconductor Index is at our record high today, 13 00:00:44,040 --> 00:00:48,160 Speaker 3: but AMD and ARM in particular are underperforming the rest 14 00:00:48,200 --> 00:00:52,279 Speaker 3: of semiconductor stocks. AMD down five point nine percent and 15 00:00:52,479 --> 00:00:54,920 Speaker 3: ARM down as much as seven point four percent today. 16 00:00:55,320 --> 00:00:57,880 Speaker 3: ARM already works pretty closely with Nvidia, so I think 17 00:00:58,160 --> 00:01:01,360 Speaker 3: traders are a little spooked that that could threaten that partnership, 18 00:01:01,400 --> 00:01:04,080 Speaker 3: and AMD being such a close rival of both in 19 00:01:04,160 --> 00:01:07,440 Speaker 3: video and Intel. It seems like in an alternate world, 20 00:01:07,480 --> 00:01:11,640 Speaker 3: could have benefited from that in video boon. But outside 21 00:01:11,680 --> 00:01:13,160 Speaker 3: of the tech space, I don't know. 22 00:01:13,200 --> 00:01:15,040 Speaker 2: I mean, if i'm I just think this whole AI 23 00:01:15,480 --> 00:01:18,480 Speaker 2: spending everything I hear about it, it's just more and 24 00:01:18,520 --> 00:01:20,880 Speaker 2: more and more dollars, and it seems like there's enough 25 00:01:20,880 --> 00:01:23,119 Speaker 2: for the AMDs of the world in videos of the world. 26 00:01:23,520 --> 00:01:24,759 Speaker 4: Now the Thai is big enough. 27 00:01:24,800 --> 00:01:26,600 Speaker 2: And now even Intel looks like it's going to get 28 00:01:26,640 --> 00:01:27,200 Speaker 2: its take. 29 00:01:27,600 --> 00:01:30,959 Speaker 3: I know, even Intel. Interestingly, Intel had that really big 30 00:01:31,040 --> 00:01:35,000 Speaker 3: drop last August, and finally it took this five million 31 00:01:35,040 --> 00:01:37,720 Speaker 3: dollar investment from in Video to push it back into 32 00:01:37,840 --> 00:01:41,199 Speaker 3: that range that we haven't seen in over a year, 33 00:01:42,560 --> 00:01:46,680 Speaker 3: which also underratedly. I mean, Intel's kind of boosting in 34 00:01:46,760 --> 00:01:48,800 Speaker 3: video today and video is down big yesterday on that 35 00:01:48,880 --> 00:01:49,440 Speaker 3: China news. 36 00:01:49,520 --> 00:01:52,000 Speaker 2: Yeah, so we got Intel a fifty seven percent year 37 00:01:52,040 --> 00:01:54,680 Speaker 2: to date, fifty two week high for stock at all work. 38 00:01:55,040 --> 00:01:57,440 Speaker 4: Not too bad. I want want to talk restaurants because 39 00:01:58,000 --> 00:02:00,280 Speaker 4: Dardens having a time of it today. Last night it 40 00:02:00,320 --> 00:02:01,880 Speaker 4: was done about ten percent. 41 00:02:02,480 --> 00:02:06,880 Speaker 3: Yeah, most since March twenty twenty two. Soft sales for 42 00:02:07,040 --> 00:02:09,480 Speaker 3: Olive Garden didn't rise as much as people were hoping. 43 00:02:10,000 --> 00:02:13,800 Speaker 3: The never Ending Possible does not seem to be the 44 00:02:13,840 --> 00:02:16,880 Speaker 3: money maker it might have once. Sparently, I think those 45 00:02:16,919 --> 00:02:19,320 Speaker 3: are free that might be the problem. 46 00:02:19,320 --> 00:02:21,239 Speaker 4: Oh no, don't tell me. Olive Garden's going to start 47 00:02:21,320 --> 00:02:22,040 Speaker 4: charging for those. 48 00:02:22,120 --> 00:02:24,079 Speaker 3: They did say on their earnings call today that they're 49 00:02:24,080 --> 00:02:28,560 Speaker 3: making portions smaller and prices might be going up. So 50 00:02:28,760 --> 00:02:31,400 Speaker 3: if you were an Olive Garden fan, that might be. 51 00:02:31,480 --> 00:02:32,720 Speaker 4: We knew that was going to come to an end 52 00:02:32,760 --> 00:02:34,680 Speaker 4: at some point because their portions are huge. 53 00:02:34,880 --> 00:02:36,600 Speaker 3: Their portions are huge. I can't say I've been to 54 00:02:36,639 --> 00:02:40,240 Speaker 3: an Olive Garden in a while, but you know, that's 55 00:02:40,280 --> 00:02:41,560 Speaker 3: a lot of carbs they put in for you. 56 00:02:42,960 --> 00:02:47,000 Speaker 1: The Stock Mover's Report from Bloomberg Radio. Check back with 57 00:02:47,080 --> 00:02:49,639 Speaker 1: us throughout the day for the latest roundup of companies 58 00:02:49,720 --> 00:02:52,799 Speaker 1: making news on Wall Street and for the latest market 59 00:02:52,840 --> 00:02:57,280 Speaker 1: moving headlines. 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