WEBVTT - Weekly Roundup: Nvidia Lower, Dayforce Rises, Palantir Drops

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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

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

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<v Speaker 3>Let's get over to some of the stocks that we

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<v Speaker 3>see here on the move. We're joined by Bloomberg Equities

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<v Speaker 3>reporter Natalia Kenny Jvic. Please tell us what you're keeping

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<v Speaker 3>an eye on as of this week.

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<v Speaker 4>Guys, So let's start with Nvidia, because we have to

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<v Speaker 4>talk about tech stocks and Nvidia the ticket is. NVDA

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<v Speaker 4>is down one point four percent this week. This is

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<v Speaker 4>the biggest drop since May. Of course, we saw huge

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<v Speaker 4>sell of this week across the biggest technology stocks as

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<v Speaker 4>investors got concerned about valuations potentially stretched positioning. But nevertheless,

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<v Speaker 4>today was a positive day for tech for Nvidia specifically,

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<v Speaker 4>and we also saw that this week at least nine

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<v Speaker 4>analysts lifted price target for Nvidia to an average price

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<v Speaker 4>of one hundred and ninety four dollars. This is the

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<v Speaker 4>highest on record. And of course, next week and Video

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<v Speaker 4>reports earnings. Analysts expect double digit revenue growth and we

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<v Speaker 4>will see how this all plays out. But of course, China.

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<v Speaker 4>All commentary about each twenty chips for China and suppliers

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<v Speaker 4>will be in the focus for the next week.

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<v Speaker 1>I look at the Bloomberg terminal for in video. You

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<v Speaker 1>type in an R it's analyst recommendations. You look at

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<v Speaker 1>what analysts are saying about the company. Almost everybody, every

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<v Speaker 1>analyst that's tracked on the Bloomberg terminal has either a hold,

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<v Speaker 1>slash neutral or positive outperformed slash buy rating on the company,

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<v Speaker 1>except for one Jay Goldberg. Seaport Global has a cell

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<v Speaker 1>rating and a one hundred dollars price target on in

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<v Speaker 1>video reminder in videos trading at one hundred and seventy

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<v Speaker 1>eight dollars a share. So is he he's contrarian? Is

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<v Speaker 1>he right?

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<v Speaker 4>We'll see you gotta guys invite him for the show next.

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<v Speaker 1>Oh, we always invite him. He's always he knows, he's

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<v Speaker 1>always welcome. We're spoken to him a few times.

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<v Speaker 4>Great. So let's talk about a couple other movers. Because

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<v Speaker 4>if we look at the best performing stock for this week,

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<v Speaker 4>it's day Force. The ticker is day The stock is

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<v Speaker 4>up by thirty percent. Of course, it came after Toma Bravo,

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<v Speaker 4>this big private equity forum announced that it's going to

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<v Speaker 4>buy day Force and it's ready to pay about thirty

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<v Speaker 4>two percent premium compared to the stock price on August fifteen.

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<v Speaker 4>So day Force for those who don't know, this is

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<v Speaker 4>the software provider. It helps businesses to manage recruiting, payrolls,

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<v Speaker 4>employee career development, and stuff like that. So Toma Bravo

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<v Speaker 4>sees a big upsite in this company. Will also know

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<v Speaker 4>that on the one hand, the company improved revenue profitability,

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<v Speaker 4>but it still struggles because many big companies are now

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<v Speaker 4>laying of people around the world. So this is a

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<v Speaker 4>potential concern for many people who track this company. But nevertheless,

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<v Speaker 4>it's a big, big price move plus thirty point eight

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<v Speaker 4>percent this week.

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<v Speaker 3>It is definitely an interesting move to look at on

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<v Speaker 3>the weekly scope. But a name I really want to

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<v Speaker 3>get to get to here because it's always interesting to

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<v Speaker 3>look at the chart here on the stock Palenteer t

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<v Speaker 3>your pl TR.

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<v Speaker 4>If you look at it.

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<v Speaker 3>Five years, it's been up two thousand percent, more than

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<v Speaker 3>two thousand percent. What did you see this week?

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<v Speaker 4>Yeah, so this week we should attribute the stock is

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<v Speaker 4>down by ten point four percent. We should potentially attribute

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<v Speaker 4>all these declines to a bigger sell of across technology

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<v Speaker 4>AI names. Again, this is a lot. There are lots

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<v Speaker 4>of concerns at least until today, right about big tech

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<v Speaker 4>stocks and the so called AI play. People were really

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<v Speaker 4>over positioned across many stocks, including Palenteer. So now we

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<v Speaker 4>see that, yes, that's a big decline, but nevertheless the

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<v Speaker 4>stock is still if I'm not if I'm correct, the

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<v Speaker 4>biggest gainer right in the s and P five hundred

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<v Speaker 4>for this year, and many investors like fundamentals, they just

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<v Speaker 4>like it as a good AI play. However, it's very,

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<v Speaker 4>very volatile, and we also see that short interest on

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<v Speaker 4>Palenteer is rising, so potential we will see even more

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<v Speaker 4>volatility looking ahead.

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<v Speaker 2>The Stockmovers report from Bloomberg Radio. Check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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<v Speaker 2>news on Wall Street and for the latest market moving headlines.

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