WEBVTT - Intel Rise, AMD Lower, and Darden Restaurants Fall on Earnings Miss

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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 the stocks on

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<v Speaker 2>the move today. We're joined by Bloomberg's Jordan Fitzgerald. Jordan,

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<v Speaker 2>what are you looking at today?

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<v Speaker 3>I mean, Intel's the indisputable story of the day. Shares

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<v Speaker 3>up as much as twenty seven point seven percent. That's

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<v Speaker 3>the biggest jump for the stock in today since nineteen

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<v Speaker 3>eighty seven. Wow, so well before my time. And you

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<v Speaker 3>know wow, yep, yeah. Intel has brought up semiconductor stocks generally.

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<v Speaker 3>The Philly Semiconductor Index is at our record high today,

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<v Speaker 3>but AMD and ARM in particular are underperforming the rest

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<v Speaker 3>of semiconductor stocks. AMD down five point nine percent and

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<v Speaker 3>ARM down as much as seven point four percent today.

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<v Speaker 3>ARM already works pretty closely with Nvidia, so I think

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<v Speaker 3>traders are a little spooked that that could threaten that partnership,

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<v Speaker 3>and AMD being such a close rival of both in

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<v Speaker 3>video and Intel. It seems like in an alternate world,

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<v Speaker 3>could have benefited from that in video boon. But outside

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<v Speaker 3>of the tech space, I don't know.

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<v Speaker 2>I mean, if i'm I just think this whole AI

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<v Speaker 2>spending everything I hear about it, it's just more and

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<v Speaker 2>more and more dollars, and it seems like there's enough

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<v Speaker 2>for the AMDs of the world in videos of the world.

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<v Speaker 4>Now the Thai is big enough.

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<v Speaker 2>And now even Intel looks like it's going to get

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<v Speaker 2>its take.

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<v Speaker 3>I know, even Intel. Interestingly, Intel had that really big

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<v Speaker 3>drop last August, and finally it took this five million

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<v Speaker 3>dollar investment from in Video to push it back into

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<v Speaker 3>that range that we haven't seen in over a year,

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<v Speaker 3>which also underratedly. I mean, Intel's kind of boosting in

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<v Speaker 3>video today and video is down big yesterday on that

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<v Speaker 3>China news.

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<v Speaker 2>Yeah, so we got Intel a fifty seven percent year

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<v Speaker 2>to date, fifty two week high for stock at all work.

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<v Speaker 4>Not too bad. I want want to talk restaurants because

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<v Speaker 4>Dardens having a time of it today. Last night it

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<v Speaker 4>was done about ten percent.

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<v Speaker 3>Yeah, most since March twenty twenty two. Soft sales for

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<v Speaker 3>Olive Garden didn't rise as much as people were hoping.

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<v Speaker 3>The never Ending Possible does not seem to be the

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<v Speaker 3>money maker it might have once. Sparently, I think those

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<v Speaker 3>are free that might be the problem.

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<v Speaker 4>Oh no, don't tell me. Olive Garden's going to start

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<v Speaker 4>charging for those.

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<v Speaker 3>They did say on their earnings call today that they're

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<v Speaker 3>making portions smaller and prices might be going up. So

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<v Speaker 3>if you were an Olive Garden fan, that might be.

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<v Speaker 4>We knew that was going to come to an end

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<v Speaker 4>at some point because their portions are huge.

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<v Speaker 3>Their portions are huge. I can't say I've been to

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<v Speaker 3>an Olive Garden in a while, but you know, that's

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<v Speaker 3>a lot of carbs they put in for you.

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