Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 1: Alexis Christopherus with the Stock Movers.
Speaker 4: All right, let's dive right in and start with Qualcoms.
Speaker 4: That stock's taking a beating here, down about eleven percent
Speaker 4: pre market. You know, it was not invited to the
Speaker 4: tech party last year. I took a look at this,
Speaker 4: down fifteen percent last year, and ahead of these earnings,
Speaker 4: which weren't so hot, it was down thirteen percent. So
Speaker 4: here's a story. The chip designers results beating on the
Speaker 4: top and bottom line. It's forecast was want lighter than expected.
Speaker 4: Why supply crunch in memory chips going to weigh on
Speaker 4: the margins and on the smartphone market. Why are we
Speaker 4: having the shortage because other companies have been talking about
Speaker 4: this as well, or these memory chips. It's stemming from
Speaker 4: all the data center developers because of AI the scooping
Speaker 4: up those chips, and the chip makers are shifting production
Speaker 4: production to cater to the AI folks who we know
Speaker 4: are spending really big. Just look at what Google did yesterday, right,
Speaker 4: committing one hundred and eighty five billion to AI this year.
Speaker 4: So qualcon coming under a little bit of pressure today
Speaker 4: in Apple.
Speaker 1: Like a week scene forever ago, it was like nodes.
Speaker 1: I had to look it up, three nano nodes like
Speaker 1: you know techie talk, and Apple went like two sixty
Speaker 1: to two forty three at cratered, I say, and from
Speaker 1: two forty three, Paul, it's a moonshot almost up to
Speaker 1: a record high. There you go. My head is spinning.
Speaker 4: Exactly all right, Well you know what else is spinning next?
Speaker 4: Peloton bikes are spinning here we go. Not in the
Speaker 4: right direction either. So this stock is down now about
Speaker 4: ten percent. It was down twenty nine percent last year.
Speaker 4: It's been going through it for a while. Quarterly earnings
Speaker 4: here missed the mark, slashed its sales outlook. And remember
Speaker 4: in the fall it had its first big revamp and
Speaker 4: all its hardware in years came out with a new treadmills, bike,
Speaker 4: other products. They were supposed to spark a turnaround didn't happen.
Speaker 4: It was actually fell three percent last quarter.
Speaker 1: Mature serves Peloton correspondent Paul Sweedio and this so Kelly
Speaker 1: Curtis and Mystique Row that are the female skeleton riders
Speaker 1: at the Olympics. Ye are they training on Peloton's book.
Speaker 3: They could be, They could be. I mean that they
Speaker 3: have a base of customers my girlfriend included die Hard.
Speaker 3: They're loyal, loyal, Yeah, but again I've always said they
Speaker 3: have to figure out a way to monetize these people
Speaker 3: more than just banging you for that fee.
Speaker 4: Every well, they also raise their membership fees in October.
Speaker 3: So does everybody else. You know, every streamer out there, everything,
Speaker 3: everybody's raising their Kelsey Curtis.
Speaker 1: Is Saint Lawrence University's Springfield College out of Princeton, New Jersey,
Speaker 1: Ago the whole of skeleton racing.
Speaker 3: You know, she's on the peloton.
Speaker 4: I could picture it, but I just want to leave
Speaker 4: you a little bit of improvement. Signs of improvement. I
Speaker 4: guess at Peloton the company improved a sudjusted ebidah outlook
Speaker 4: by eighteen percent. So the but the CFO also, I
Speaker 4: know the CFO is going are in last one more
Speaker 4: let's get it in Esday Lauder down ten percent now
Speaker 4: it owns brands. We know Max smash Box, Joe Malone
Speaker 4: lifted its adjusted earnings outlook, but the stock is down
Speaker 4: because its outlook is failing to reassure investors about the
Speaker 4: turnaround going on there. Tariff's still going to dent earnings
Speaker 4: by one hundred million dollars, is what they're saying, Dent
Speaker 4: sales by one hundred million.
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