Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: This is the closing bell on this stock mover's report
Speaker 2: the companies making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greyfell.
Speaker 3: Let's go to some of the individual gainers and I
Speaker 3: got to talk about Micron closing at I believe a
Speaker 3: record here today, the stock finishing with a gain of
Speaker 3: about fifteen point seven percent at its highs. It almost
Speaker 3: hit a twenty percent gain, so backing off some of
Speaker 3: that we know surging here after the company issued a
Speaker 3: quarterly sales forecast at exceeded Wall Street estimates, signaling that
Speaker 3: an AI fueled growth run remained strong. It has secured
Speaker 3: sixteen strategic customer segments agreements, which suggests that the company
Speaker 3: can kind of mitigate what we often talk about in
Speaker 3: the semi space, the boom and bus cycles that have
Speaker 3: plagued in particular the memory chip industry. This stock is
Speaker 3: now up about three hundred and twenty eight percent year
Speaker 3: to date, So check out all the superlatives in terms
Speaker 3: of the numbers. When that company reported so that one
Speaker 3: was hire another chip name in the space, something that
Speaker 3: Romain actually caught up with the CEO at Qualcomm today
Speaker 3: along with our Ed Ludlow. That stock also rallying at
Speaker 3: its highs up more than eleven percent, finishing the day
Speaker 3: with a much smaller game but still up about three
Speaker 3: point seven percent. That's after the chip maker forecast annual
Speaker 3: sales are more than fifteen billion from AI components in
Speaker 3: data centers by fiscal twenty twenty nine. There's a lot
Speaker 3: to that report, but be sure to check out the
Speaker 3: interview that Ed and Romaine did with the CEO of
Speaker 3: Cristiano Aman. Really good stuff there.
Speaker 1: Hey.
Speaker 3: I also want to just show you that Philadelphia Semiconductor Index.
Speaker 3: No surprise to see that average thanks to Micron and
Speaker 3: Qualcomm and others. It was up about three point six
Speaker 3: percent in today's session. You had twenty one of the
Speaker 3: thirty names in the index higher for the trade. So
Speaker 3: just something to point out there, hey. And then for
Speaker 3: something different, and I just wanted to take a look
Speaker 3: at airlines if we flip on over to that board,
Speaker 3: and that group up almost five percent if you look
Speaker 3: at the S and P Supercomposite Airlines Industry Index, finishing
Speaker 3: the day with a game of about two point two percent,
Speaker 3: rallying for five days in a row, up about thirteen
Speaker 3: percent in that timeframe. I also want to bring up jets,
Speaker 3: the US Global Jets ETF, which is a bigger picture
Speaker 3: of the global airline space, and that one was up
Speaker 3: about one and a half percent. It's something that you
Speaker 3: really look at when you want to look at the
Speaker 3: biggest airline stocks. It has moved up to its highest
Speaker 3: level since September of twenty eighteen, out pacing the S
Speaker 3: and P five hundred year to date. But keep in
Speaker 3: mind the index has gone barely nowhere since the end
Speaker 3: of twenty nineteen, but nonetheless moving up today. And of
Speaker 3: course we know a lot of it has to do
Speaker 3: with it looks like things easing between Iran and certainly
Speaker 3: the US. We've seen energy prices come down, but again
Speaker 3: today we were reminded ain't all over yet yet.
Speaker 1: Everybody, the question is what is the pass forward for me?
Speaker 1: Cap Tech? In fact, every single name in the mag
Speaker 1: seven was lower today. I want to home in on
Speaker 1: Apple shares of Apple having their worst day going all
Speaker 1: the way back to April of twenty twenty five. You
Speaker 1: guys remember that that was post Liberation Day when shares
Speaker 1: of Apple actually fell more than six point one two percent.
Speaker 1: That's how they post today. What was that I was
Speaker 1: sitting right here. I was sitting right well here, but
Speaker 1: in a different studio. Exactly there, I guess Romain was exactly,
Speaker 1: you're really there. Everybody knows the story right now about Apple,
Speaker 1: and that's its hiking prices on Vision Pro home devices,
Speaker 1: Imax iPads and some other home devices because of that
Speaker 1: memory chip shortage. We talked to Man Deep Saying of
Speaker 1: Bloomberg Intelligence a little earlier, and he said, there has
Speaker 1: to be demand destruction with a move like this. If
Speaker 1: you raised price is fifteen to twenty percent and you're
Speaker 1: selling the same thing, you're not going to sell as
Speaker 1: many of those things. So that's just economics. One oh
Speaker 1: one shares Apple getting head today to the two. I
Speaker 1: do wonder does not have to be pedantic.
Speaker 3: But do you think because some of these price sites
Speaker 3: don't take effect for a few weeks, you think it's
Speaker 3: gonna be like a rush to buy?
Speaker 2: Yes?
Speaker 1: I do see. Yeah, I think there absolutely will be
Speaker 1: kind of like there is, you know, a lull ahead
Speaker 1: of a new iPhone launch in September. Yeah, so yeah,
Speaker 1: I think I think consumers are pretty smart about this stuff.
Speaker 1: And Apple's also really smart about when they time these
Speaker 1: things because you know, the fall is the most important
Speaker 1: selling period ahead of the holiday season. Hey, speaking of
Speaker 1: the AI boom and chips Cerebras systems, keep an eye
Speaker 1: on this stock. Shares tumbling today, falling to the tune
Speaker 1: of seven and a half percent. Although it was lower,
Speaker 1: it was on track for a record two day session loss.
Speaker 1: The company did give that disappointing annual sales outlook. That
Speaker 1: wasn't yesterday, that was the day before. It fell as
Speaker 1: much as twelve percent. Intra day to day traded at
Speaker 1: its lowest level since it may launch, shares close to
Speaker 1: fifty percent below that record high of more than three
Speaker 1: hundred dollars that was hit on its first day of
Speaker 1: public trading. At that time, it was before SpaceX, so
Speaker 1: it was the largest IPO of the year. And finally,
Speaker 1: we haven't been talking about this that much except on
Speaker 1: the Crypto Show. Oh, look at what bitcoin has been
Speaker 1: doing and when bitcoin moves Strategy the company formerly known
Speaker 1: as micro Strategy moves Bitcoin taking a tumble today. Shares
Speaker 1: a micro Strategy down today by nine point four percent.
Speaker 1: Fears are growing that the bitcoin buying machine is beginning
Speaker 1: to seize up, fueling the latest leg of Bitcoin's sell
Speaker 1: off strategy. Shares down today by nine point four percent.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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