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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: Let's take a look at some stocks on the move today.

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Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis. Starting off

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Speaker 1: with one of the biggest upside movers in the pre

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Speaker 1: market on this Friday morning. What's behind the bid for

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Speaker 1: Lumentum This morning, Dan, Good morning.

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Speaker 3: Good morning, Nathan. Ticker Lite Lumentum is up nearly five

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Speaker 3: percent in the pre market. That's as the optical component

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Speaker 3: company is said said demand from US hyperscalers is accelerating.

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Speaker 3: The company is projecting it will be sold out through

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Speaker 3: twenty twenty eight, within two quarters. The CEO noted that

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Speaker 3: capex spending from the AI space is quote enormous, and

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Speaker 3: there seems to be no end in sight end quote

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Speaker 3: and that showing up in the shares, which are up

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Speaker 3: one hundred and fifty percent so far this year. And

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Speaker 3: that's pushed to be big enough to be added to

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Speaker 3: the S and P five hundred just last month.

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Speaker 1: And we're seeing a move higher as well for another

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Speaker 1: tech named Taiwan Semiconductor.

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Speaker 3: That's right. The tickers. The shares trade under TSM in

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Speaker 3: the US. Those are up two percent in the pre market,

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Speaker 3: as the main chip maker for Nvidia and Apple reported

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Speaker 3: a thirty five percent increase in quarterly sales. The estimate

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Speaker 3: topping figure pushes back against concerns that the Middle East

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Speaker 3: crisis could demand for chips amid higher energy costs. The

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Speaker 3: full results for the first quarter are set to come

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Speaker 3: out next week, so we'll get some more details. It

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Speaker 3: should also be noted that in the US the Philadelphia

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Speaker 3: Semis index called the Socks and it is a benchmark

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Speaker 3: for chips. It closed yesterday's session at a second record

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Speaker 3: high in a row.

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Speaker 1: Well, there's another tech name that's not joining in the

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Speaker 1: upside moves this morning. What's going on with Service now?

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Speaker 3: Now, this is a software company and it is under pressure.

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Speaker 3: Those shares are down over one percent in the pre market,

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Speaker 3: sliding for the fourth straight day. That says, UBS cut

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Speaker 3: its recommendation two neutral from buy, and it slashed the

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Speaker 3: price target from one hundred and seventy dollars to one

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Speaker 3: hundred dollars per share. The company is under pressure as

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Speaker 3: part of what the so called SaaS apocalypse, where AI

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Speaker 3: is seen as hurting demand for legacy software providers. And

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Speaker 3: on Wednesday, more news that hit the software companies Anthropic

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Speaker 3: launch cloud to manage agents, and metow Platforms unveiled a

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Speaker 3: new model. Shares of Service Now ended yesterday's session at

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Speaker 3: their lowest price since twenty seventeen.

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Speaker 1: Oh wow, Well, let's move from software to salads because

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Speaker 1: sweet Grain is in the green this morning.

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Speaker 3: That's right, So insiders are buying up shares of the salad.

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Speaker 3: Specialist Goldman Sachs reported a series of insider transactions worth

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Speaker 3: over three million dollars that those purchases are over two

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Speaker 3: percent of the shares available for trading. That has this

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Speaker 3: stock up about four percent in pre market trading underticker SG. Now,

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Speaker 3: this comes after nearly ninety percent slide from the peak

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Speaker 3: in twenty twenty. And I did a quick estimate. They're

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Speaker 3: trading around six dollars a share in pre market, so

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Speaker 3: you could buy either three shares or one salad from

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Speaker 3: them from this.

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Speaker 1: To to say, yeah, the salads are more expensive than

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Speaker 1: the shares themselves. Just time to talk about a stock

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Speaker 1: that's being affected by some trade news.

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Speaker 3: That's right. So Technoglass ticker TGLS. It's a window maker

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Speaker 3: with about a two billion dollar market cap. It's lowered

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Speaker 3: its full year adjusted EBITA outlook due to tariffs on

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Speaker 3: some aluminum containing products. Now it sees a top end

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Speaker 3: of two hundred and forty five million dollars for that measure.

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Speaker 3: The previous guidance was two hundred and sixty five to

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Speaker 3: three hundred and five million dollars. Keeping an eye on this.

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Speaker 3: Because President Trump signed a proclamation on how tariffs are calculated,

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Speaker 3: which took effect earlier this week, we're starting to see

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Speaker 3: this play out in company guidance.

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Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Rate You Live. Catch us

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Speaker 2: Auto with the Bloomberg Business app.