WEBVTT - Nvidia Hits $5 Trillion, Fiserv Plunges, Caterpillar Jumps

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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>Stocks on the move. Let's go to Lis Matteo. What

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<v Speaker 3>do you got for us today?

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<v Speaker 4>I gotta start with the video, right, take your MVDA there,

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<v Speaker 4>shares has been out more than four percent. Yeah, now

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<v Speaker 4>the world's first five trillion dollar public company. It has

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<v Speaker 4>to do with their Blackwell chips a big portion of it.

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<v Speaker 4>If you remember, like there were months ago, President Trump

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<v Speaker 4>said he'd consider allowing the company to export the downgraded

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<v Speaker 4>version of them to China. Well, now this is just

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<v Speaker 4>ahead of that meeting he has with Jijinping. He says, quote,

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<v Speaker 4>we'll be speaking about blackwells. So it hinted there. And

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<v Speaker 4>Video also has that GtC event in DC. It announced

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<v Speaker 4>a few things, like a number of new partnerships with

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<v Speaker 4>companies like Uber, Palenteer, crowd Strike. It said it's taking

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<v Speaker 4>a one billion dollar equity stake in Nokia, and CEO

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<v Speaker 4>Jensen Mung he actually said something interesting. He said, there's

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<v Speaker 4>no AI. He's not concerned about it because they're AI models.

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<v Speaker 4>They're powerful enough that customers are.

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<v Speaker 3>Going to pay for them, he says it.

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<v Speaker 1>Yeah, of course, let's listen to the godfather of AI.

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<v Speaker 1>As you know, Dani's always says exactly, let's talk about

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<v Speaker 1>fire Serve. Just looking at the volume six thousand percent

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<v Speaker 1>above what it usually trades at this time of the day.

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<v Speaker 4>Yeah, it's crazy. I mean they tumbled more than forty

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<v Speaker 4>five percent this morning. And so it's findech company Pfizer. Yeah,

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<v Speaker 4>so payment processing, think digital banking solutions. They slash their

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<v Speaker 4>out for the full year three percent decline in revenue,

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<v Speaker 4>and it's financial solutions segment. It's CEO Mike Lyons even

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<v Speaker 4>says he knows the performance is not where they want

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<v Speaker 4>it to be and not where the stakeholders expected to be,

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<v Speaker 4>and they kind of shook things up. They said, it's

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<v Speaker 4>overhauling their top leadership committee. So they're promoting their chief

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<v Speaker 4>operating officer to be co president. They announced a few

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<v Speaker 4>board changes as well, a few board editions, and the

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<v Speaker 4>stacks phoned like thirty nine percent this year through tuesday.

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<v Speaker 3>Wow, that's brutal. So I'm just looking at it like

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<v Speaker 3>a comp here so far that stuck hitting a fifty

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<v Speaker 3>two week high earlier today, So just tail two yep.

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<v Speaker 4>All right, one more, all right, I gotta hit. Caterpillar

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<v Speaker 4>CEAT up more than ten percent higher third quarter revenue.

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<v Speaker 4>The interesting thing is that it really got a boost

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<v Speaker 4>from its energy and transportation business, more so than the

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<v Speaker 4>business that makes the heavy duty equipment for construction and mining.

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<v Speaker 4>And that's because of rising demand for equipment that's needed

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<v Speaker 4>to fuel AI data centers. So that division their energy

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<v Speaker 4>and transportation. They provide battery sorce backup generators for industries.

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<v Speaker 4>It's been Caterpillar's fastest growing segment, so keep an eye

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<v Speaker 4>on it. As far as tariffs, they did say they

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<v Speaker 4>expect a record six hundred and fifty million to eight

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<v Speaker 4>hundred million dollars in twer costs in the fourth quarter.

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<v Speaker 1>And I feel like we need to give a shout

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<v Speaker 1>out to Bloomberg News which talked about this about how

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<v Speaker 1>a Caterpillar is going to get a big boost from

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<v Speaker 1>this AI tailwind, and it was maybe another way to

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<v Speaker 1>play the AI story, a less obvious way.

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<v Speaker 2>Yeah.

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<v Speaker 3>I didn't even see that coming. I mean good, I

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<v Speaker 3>mean it seems like there's a lot of derivative plays

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<v Speaker 3>on AI these days. Leave Smithea thank you so much.

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<v Speaker 3>We appreciate that Smitteo does everything for Bloombergo. I'll just

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<v Speaker 3>leave it at that.

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