1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,480 --> 00:00:19,480 Speaker 3: Let's get over to some of the stocks that we 5 00:00:19,640 --> 00:00:23,480 Speaker 3: see here on the move. We're joined by Bloomberg Equities 6 00:00:23,480 --> 00:00:27,240 Speaker 3: reporter Natalia Kenny Jvic. Please tell us what you're keeping 7 00:00:27,240 --> 00:00:29,480 Speaker 3: an eye on as of this week. 8 00:00:29,640 --> 00:00:31,720 Speaker 4: Guys, So let's start with Nvidia, because we have to 9 00:00:31,760 --> 00:00:35,120 Speaker 4: talk about tech stocks and Nvidia the ticket is. NVDA 10 00:00:35,479 --> 00:00:38,320 Speaker 4: is down one point four percent this week. This is 11 00:00:38,360 --> 00:00:41,720 Speaker 4: the biggest drop since May. Of course, we saw huge 12 00:00:41,760 --> 00:00:44,879 Speaker 4: sell of this week across the biggest technology stocks as 13 00:00:44,880 --> 00:00:49,920 Speaker 4: investors got concerned about valuations potentially stretched positioning. But nevertheless, 14 00:00:50,120 --> 00:00:53,120 Speaker 4: today was a positive day for tech for Nvidia specifically, 15 00:00:53,400 --> 00:00:56,680 Speaker 4: and we also saw that this week at least nine 16 00:00:56,720 --> 00:01:01,480 Speaker 4: analysts lifted price target for Nvidia to an average price 17 00:01:01,520 --> 00:01:04,400 Speaker 4: of one hundred and ninety four dollars. This is the 18 00:01:04,480 --> 00:01:06,880 Speaker 4: highest on record. And of course, next week and Video 19 00:01:06,920 --> 00:01:11,320 Speaker 4: reports earnings. Analysts expect double digit revenue growth and we 20 00:01:11,360 --> 00:01:14,240 Speaker 4: will see how this all plays out. But of course, China. 21 00:01:14,640 --> 00:01:19,000 Speaker 4: All commentary about each twenty chips for China and suppliers 22 00:01:19,040 --> 00:01:21,039 Speaker 4: will be in the focus for the next week. 23 00:01:21,200 --> 00:01:24,000 Speaker 1: I look at the Bloomberg terminal for in video. You 24 00:01:24,040 --> 00:01:26,840 Speaker 1: type in an R it's analyst recommendations. You look at 25 00:01:26,840 --> 00:01:31,880 Speaker 1: what analysts are saying about the company. Almost everybody, every 26 00:01:31,920 --> 00:01:36,360 Speaker 1: analyst that's tracked on the Bloomberg terminal has either a hold, 27 00:01:36,680 --> 00:01:41,640 Speaker 1: slash neutral or positive outperformed slash buy rating on the company, 28 00:01:42,480 --> 00:01:47,560 Speaker 1: except for one Jay Goldberg. Seaport Global has a cell 29 00:01:47,680 --> 00:01:50,720 Speaker 1: rating and a one hundred dollars price target on in 30 00:01:50,840 --> 00:01:52,960 Speaker 1: video reminder in videos trading at one hundred and seventy 31 00:01:53,000 --> 00:01:57,120 Speaker 1: eight dollars a share. So is he he's contrarian? Is 32 00:01:57,120 --> 00:01:57,520 Speaker 1: he right? 33 00:01:57,640 --> 00:02:00,320 Speaker 4: We'll see you gotta guys invite him for the show next. 34 00:02:00,480 --> 00:02:02,760 Speaker 1: Oh, we always invite him. He's always he knows, he's 35 00:02:02,760 --> 00:02:04,480 Speaker 1: always welcome. We're spoken to him a few times. 36 00:02:04,720 --> 00:02:07,160 Speaker 4: Great. So let's talk about a couple other movers. Because 37 00:02:07,200 --> 00:02:09,960 Speaker 4: if we look at the best performing stock for this week, 38 00:02:10,080 --> 00:02:14,000 Speaker 4: it's day Force. The ticker is day The stock is 39 00:02:14,080 --> 00:02:17,480 Speaker 4: up by thirty percent. Of course, it came after Toma Bravo, 40 00:02:17,600 --> 00:02:20,280 Speaker 4: this big private equity forum announced that it's going to 41 00:02:20,280 --> 00:02:23,360 Speaker 4: buy day Force and it's ready to pay about thirty 42 00:02:23,400 --> 00:02:27,560 Speaker 4: two percent premium compared to the stock price on August fifteen. 43 00:02:27,960 --> 00:02:30,640 Speaker 4: So day Force for those who don't know, this is 44 00:02:30,680 --> 00:02:35,120 Speaker 4: the software provider. It helps businesses to manage recruiting, payrolls, 45 00:02:35,200 --> 00:02:38,400 Speaker 4: employee career development, and stuff like that. So Toma Bravo 46 00:02:38,520 --> 00:02:41,720 Speaker 4: sees a big upsite in this company. Will also know 47 00:02:41,880 --> 00:02:45,359 Speaker 4: that on the one hand, the company improved revenue profitability, 48 00:02:45,560 --> 00:02:48,840 Speaker 4: but it still struggles because many big companies are now 49 00:02:49,000 --> 00:02:51,040 Speaker 4: laying of people around the world. So this is a 50 00:02:51,080 --> 00:02:56,079 Speaker 4: potential concern for many people who track this company. But nevertheless, 51 00:02:56,080 --> 00:02:59,520 Speaker 4: it's a big, big price move plus thirty point eight 52 00:02:59,560 --> 00:03:00,680 Speaker 4: percent this week. 53 00:03:00,960 --> 00:03:03,840 Speaker 3: It is definitely an interesting move to look at on 54 00:03:03,880 --> 00:03:06,160 Speaker 3: the weekly scope. But a name I really want to 55 00:03:06,200 --> 00:03:09,360 Speaker 3: get to get to here because it's always interesting to 56 00:03:09,360 --> 00:03:13,080 Speaker 3: look at the chart here on the stock Palenteer t 57 00:03:13,200 --> 00:03:15,120 Speaker 3: your pl TR. 58 00:03:15,639 --> 00:03:16,560 Speaker 4: If you look at it. 59 00:03:16,480 --> 00:03:19,640 Speaker 3: Five years, it's been up two thousand percent, more than 60 00:03:19,680 --> 00:03:21,840 Speaker 3: two thousand percent. What did you see this week? 61 00:03:22,160 --> 00:03:24,480 Speaker 4: Yeah, so this week we should attribute the stock is 62 00:03:24,480 --> 00:03:28,320 Speaker 4: down by ten point four percent. We should potentially attribute 63 00:03:28,400 --> 00:03:31,680 Speaker 4: all these declines to a bigger sell of across technology 64 00:03:31,760 --> 00:03:34,280 Speaker 4: AI names. Again, this is a lot. There are lots 65 00:03:34,280 --> 00:03:38,160 Speaker 4: of concerns at least until today, right about big tech 66 00:03:38,160 --> 00:03:41,800 Speaker 4: stocks and the so called AI play. People were really 67 00:03:41,920 --> 00:03:45,920 Speaker 4: over positioned across many stocks, including Palenteer. So now we 68 00:03:46,040 --> 00:03:49,440 Speaker 4: see that, yes, that's a big decline, but nevertheless the 69 00:03:49,480 --> 00:03:53,520 Speaker 4: stock is still if I'm not if I'm correct, the 70 00:03:53,520 --> 00:03:55,640 Speaker 4: biggest gainer right in the s and P five hundred 71 00:03:55,720 --> 00:03:59,760 Speaker 4: for this year, and many investors like fundamentals, they just 72 00:03:59,840 --> 00:04:02,680 Speaker 4: like it as a good AI play. However, it's very, 73 00:04:02,840 --> 00:04:06,160 Speaker 4: very volatile, and we also see that short interest on 74 00:04:06,320 --> 00:04:09,640 Speaker 4: Palenteer is rising, so potential we will see even more 75 00:04:09,720 --> 00:04:11,080 Speaker 4: volatility looking ahead. 76 00:04:12,920 --> 00:04:17,160 Speaker 2: The Stockmovers report from Bloomberg Radio. Check back with us 77 00:04:17,200 --> 00:04:20,000 Speaker 2: throughout the day for the latest roundup of companies making 78 00:04:20,080 --> 00:04:23,680 Speaker 2: news on Wall Street and for the latest market moving headlines. 79 00:04:23,880 --> 00:04:27,919 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 80 00:04:27,960 --> 00:04:31,039 Speaker 2: dot com, and on Applecarplay and Android Auto with the 81 00:04:31,040 --> 00:04:32,440 Speaker 2: Bloomberg Business app.