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: Stocks on the move. Let's go to Lis Matteo. What
Speaker 3: do you got for us today?
Speaker 4: I gotta start with the video, right, take your MVDA there,
Speaker 4: shares has been out more than four percent. Yeah, now
Speaker 4: the world's first five trillion dollar public company. It has
Speaker 4: to do with their Blackwell chips a big portion of it.
Speaker 4: If you remember, like there were months ago, President Trump
Speaker 4: said he'd consider allowing the company to export the downgraded
Speaker 4: version of them to China. Well, now this is just
Speaker 4: ahead of that meeting he has with Jijinping. He says, quote,
Speaker 4: we'll be speaking about blackwells. So it hinted there. And
Speaker 4: Video also has that GtC event in DC. It announced
Speaker 4: a few things, like a number of new partnerships with
Speaker 4: companies like Uber, Palenteer, crowd Strike. It said it's taking
Speaker 4: a one billion dollar equity stake in Nokia, and CEO
Speaker 4: Jensen Mung he actually said something interesting. He said, there's
Speaker 4: no AI. He's not concerned about it because they're AI models.
Speaker 4: They're powerful enough that customers are.
Speaker 3: Going to pay for them, he says it.
Speaker 1: Yeah, of course, let's listen to the godfather of AI.
Speaker 1: As you know, Dani's always says exactly, let's talk about
Speaker 1: fire Serve. Just looking at the volume six thousand percent
Speaker 1: above what it usually trades at this time of the day.
Speaker 4: Yeah, it's crazy. I mean they tumbled more than forty
Speaker 4: five percent this morning. And so it's findech company Pfizer. Yeah,
Speaker 4: so payment processing, think digital banking solutions. They slash their
Speaker 4: out for the full year three percent decline in revenue,
Speaker 4: and it's financial solutions segment. It's CEO Mike Lyons even
Speaker 4: says he knows the performance is not where they want
Speaker 4: it to be and not where the stakeholders expected to be,
Speaker 4: and they kind of shook things up. They said, it's
Speaker 4: overhauling their top leadership committee. So they're promoting their chief
Speaker 4: operating officer to be co president. They announced a few
Speaker 4: board changes as well, a few board editions, and the
Speaker 4: stacks phoned like thirty nine percent this year through tuesday.
Speaker 3: Wow, that's brutal. So I'm just looking at it like
Speaker 3: a comp here so far that stuck hitting a fifty
Speaker 3: two week high earlier today, So just tail two yep.
Speaker 4: All right, one more, all right, I gotta hit. Caterpillar
Speaker 4: CEAT up more than ten percent higher third quarter revenue.
Speaker 4: The interesting thing is that it really got a boost
Speaker 4: from its energy and transportation business, more so than the
Speaker 4: business that makes the heavy duty equipment for construction and mining.
Speaker 4: And that's because of rising demand for equipment that's needed
Speaker 4: to fuel AI data centers. So that division their energy
Speaker 4: and transportation. They provide battery sorce backup generators for industries.
Speaker 4: It's been Caterpillar's fastest growing segment, so keep an eye
Speaker 4: on it. As far as tariffs, they did say they
Speaker 4: expect a record six hundred and fifty million to eight
Speaker 4: hundred million dollars in twer costs in the fourth quarter.
Speaker 1: And I feel like we need to give a shout
Speaker 1: out to Bloomberg News which talked about this about how
Speaker 1: a Caterpillar is going to get a big boost from
Speaker 1: this AI tailwind, and it was maybe another way to
Speaker 1: play the AI story, a less obvious way.
Speaker 2: Yeah.
Speaker 3: I didn't even see that coming. I mean good, I
Speaker 3: mean it seems like there's a lot of derivative plays
Speaker 3: on AI these days. Leave Smithea thank you so much.
Speaker 3: We appreciate that Smitteo does everything for Bloombergo. I'll just
Speaker 3: leave it at that.
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