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 the stocks on
Speaker 2: the move today. We're joined by Bloomberg's Jordan Fitzgerald. Jordan,
Speaker 2: what are you looking at today?
Speaker 3: I mean, Intel's the indisputable story of the day. Shares
Speaker 3: up as much as twenty seven point seven percent. That's
Speaker 3: the biggest jump for the stock in today since nineteen
Speaker 3: eighty seven. Wow, so well before my time. And you
Speaker 3: know wow, yep, yeah. Intel has brought up semiconductor stocks generally.
Speaker 3: The Philly Semiconductor Index is at our record high today,
Speaker 3: but AMD and ARM in particular are underperforming the rest
Speaker 3: of semiconductor stocks. AMD down five point nine percent and
Speaker 3: ARM down as much as seven point four percent today.
Speaker 3: ARM already works pretty closely with Nvidia, so I think
Speaker 3: traders are a little spooked that that could threaten that partnership,
Speaker 3: and AMD being such a close rival of both in
Speaker 3: video and Intel. It seems like in an alternate world,
Speaker 3: could have benefited from that in video boon. But outside
Speaker 3: of the tech space, I don't know.
Speaker 2: I mean, if i'm I just think this whole AI
Speaker 2: spending everything I hear about it, it's just more and
Speaker 2: more and more dollars, and it seems like there's enough
Speaker 2: for the AMDs of the world in videos of the world.
Speaker 4: Now the Thai is big enough.
Speaker 2: And now even Intel looks like it's going to get
Speaker 2: its take.
Speaker 3: I know, even Intel. Interestingly, Intel had that really big
Speaker 3: drop last August, and finally it took this five million
Speaker 3: dollar investment from in Video to push it back into
Speaker 3: that range that we haven't seen in over a year,
Speaker 3: which also underratedly. I mean, Intel's kind of boosting in
Speaker 3: video today and video is down big yesterday on that
Speaker 3: China news.
Speaker 2: Yeah, so we got Intel a fifty seven percent year
Speaker 2: to date, fifty two week high for stock at all work.
Speaker 4: Not too bad. I want want to talk restaurants because
Speaker 4: Dardens having a time of it today. Last night it
Speaker 4: was done about ten percent.
Speaker 3: Yeah, most since March twenty twenty two. Soft sales for
Speaker 3: Olive Garden didn't rise as much as people were hoping.
Speaker 3: The never Ending Possible does not seem to be the
Speaker 3: money maker it might have once. Sparently, I think those
Speaker 3: are free that might be the problem.
Speaker 4: Oh no, don't tell me. Olive Garden's going to start
Speaker 4: charging for those.
Speaker 3: They did say on their earnings call today that they're
Speaker 3: making portions smaller and prices might be going up. So
Speaker 3: if you were an Olive Garden fan, that might be.
Speaker 4: We knew that was going to come to an end
Speaker 4: at some point because their portions are huge.
Speaker 3: Their portions are huge. I can't say I've been to
Speaker 3: an Olive Garden in a while, but you know, that's
Speaker 3: a lot of carbs they put in for you.
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