WEBVTT - Lumentum Leads Optical Peers Higher; TSMC Sales Beat Estimates; Software Stocks Extend Selloff 

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

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

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<v Speaker 1>with one of the biggest upside movers in the pre

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<v Speaker 1>market on this Friday morning. What's behind the bid for

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<v Speaker 1>Lumentum This morning, Dan, Good morning.

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<v Speaker 3>Good morning, Nathan. Ticker Lite Lumentum is up nearly five

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<v Speaker 3>percent in the pre market. That's as the optical component

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<v Speaker 3>company is said said demand from US hyperscalers is accelerating.

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<v Speaker 3>The company is projecting it will be sold out through

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<v Speaker 3>twenty twenty eight, within two quarters. The CEO noted that

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<v Speaker 3>capex spending from the AI space is quote enormous, and

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<v Speaker 3>there seems to be no end in sight end quote

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<v Speaker 3>and that showing up in the shares, which are up

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<v Speaker 3>one hundred and fifty percent so far this year. And

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<v Speaker 3>that's pushed to be big enough to be added to

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<v Speaker 3>the S and P five hundred just last month.

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<v Speaker 1>And we're seeing a move higher as well for another

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<v Speaker 1>tech named Taiwan Semiconductor.

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<v Speaker 3>That's right. The tickers. The shares trade under TSM in

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<v Speaker 3>the US. Those are up two percent in the pre market,

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<v Speaker 3>as the main chip maker for Nvidia and Apple reported

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<v Speaker 3>a thirty five percent increase in quarterly sales. The estimate

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<v Speaker 3>topping figure pushes back against concerns that the Middle East

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<v Speaker 3>crisis could demand for chips amid higher energy costs. The

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<v Speaker 3>full results for the first quarter are set to come

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

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<v Speaker 3>should also be noted that in the US the Philadelphia

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<v Speaker 3>Semis index called the Socks and it is a benchmark

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<v Speaker 3>for chips. It closed yesterday's session at a second record

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<v Speaker 3>high in a row.

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<v Speaker 1>Well, there's another tech name that's not joining in the

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

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<v Speaker 3>Now, this is a software company and it is under pressure.

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<v Speaker 3>Those shares are down over one percent in the pre market,

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<v Speaker 3>sliding for the fourth straight day. That says, UBS cut

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<v Speaker 3>its recommendation two neutral from buy, and it slashed the

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<v Speaker 3>price target from one hundred and seventy dollars to one

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<v Speaker 3>hundred dollars per share. The company is under pressure as

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<v Speaker 3>part of what the so called SaaS apocalypse, where AI

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<v Speaker 3>is seen as hurting demand for legacy software providers. And

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<v Speaker 3>on Wednesday, more news that hit the software companies Anthropic

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<v Speaker 3>launch cloud to manage agents, and metow Platforms unveiled a

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<v Speaker 3>new model. Shares of Service Now ended yesterday's session at

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<v Speaker 3>their lowest price since twenty seventeen.

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<v Speaker 1>Oh wow, Well, let's move from software to salads because

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<v Speaker 1>sweet Grain is in the green this morning.

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

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<v Speaker 3>Specialist Goldman Sachs reported a series of insider transactions worth

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<v Speaker 3>over three million dollars that those purchases are over two

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<v Speaker 3>percent of the shares available for trading. That has this

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

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<v Speaker 3>this comes after nearly ninety percent slide from the peak

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<v Speaker 3>in twenty twenty. And I did a quick estimate. They're

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<v Speaker 3>trading around six dollars a share in pre market, so

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<v Speaker 3>you could buy either three shares or one salad from

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<v Speaker 3>them from this.

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<v Speaker 1>To to say, yeah, the salads are more expensive than

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<v Speaker 1>the shares themselves. Just time to talk about a stock

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<v Speaker 1>that's being affected by some trade news.

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<v Speaker 3>That's right. So Technoglass ticker TGLS. It's a window maker

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<v Speaker 3>with about a two billion dollar market cap. It's lowered

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<v Speaker 3>its full year adjusted EBITA outlook due to tariffs on

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<v Speaker 3>some aluminum containing products. Now it sees a top end

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<v Speaker 3>of two hundred and forty five million dollars for that measure.

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<v Speaker 3>The previous guidance was two hundred and sixty five to

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<v Speaker 3>three hundred and five million dollars. Keeping an eye on this.

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<v Speaker 3>Because President Trump signed a proclamation on how tariffs are calculated,

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<v Speaker 3>which took effect earlier this week, we're starting to see

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<v Speaker 3>this play out in company guidance.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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

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<v Speaker 2>making news on Wall Street and for the latest market

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