WEBVTT -  Nvidia, Micron and Dollar Tree All Rise Today

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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>I'm Carol Masser along with Tim Stanevik. Let's get to

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<v Speaker 1>some stocks on the move today, and we mentioned we

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<v Speaker 1>did finish higher across the board for those major indices.

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<v Speaker 1>We did see a blip to the upside intra day,

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<v Speaker 1>and that was because of one name, but we also

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<v Speaker 1>saw it moving in the after hours.

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<v Speaker 3>Yeah, Nvidia ended up moving hired today by one point

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<v Speaker 3>seven percent. It was up as much as four point

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<v Speaker 3>eight percent earlier in the session. The big news that

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<v Speaker 3>happened during the trading day was the company said it

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<v Speaker 3>expects to generate at least a trillion dollars from its

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<v Speaker 3>Blackwell and rubinships to the end of twenty twenty seven.

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<v Speaker 3>So it had previously forecast it would bring five hundred

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<v Speaker 3>billion dollars in sales by the end of twenty twenty six.

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<v Speaker 3>But Carol, what I'm interested in focusing on is what

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<v Speaker 3>the company said after the markets closed. The company has

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<v Speaker 3>launched Space Computing and announced a new chip for space

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<v Speaker 3>data centers. Jensen Wong said that data centers are going

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<v Speaker 3>to space in the after hours, and Vidia is down

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<v Speaker 3>by just about four tenths of one percent. Also, some

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<v Speaker 3>really interesting collaborations just in the last half hour have

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<v Speaker 3>been announced. Amazon and Nvidia have collaborated on advanced AI

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<v Speaker 3>assistants for cars. Automakers are adopting in Nvidia Drive Hyperion

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<v Speaker 3>for level four vehicles. In Nvidia will launch robotaxes on

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<v Speaker 3>Uber across twenty eight cities by twenty twenty eight, and

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<v Speaker 3>then expanded partnerships with the likes of IBM, Adobe a

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<v Speaker 3>strategic partnership with Adobe. Remember the GtC is going on

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<v Speaker 3>right now. This is the Developers Conference. It's in San Jose.

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<v Speaker 3>It's day one to four right now. Hyundai Kia and

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<v Speaker 3>Nvidia expanding autonomous driving partnership. Salesforce is teamed up with

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<v Speaker 3>Nvidia on AI agents and HPE Unveil's AI factory. Supercomputing

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<v Speaker 3>advancements within Vidia not really moving the stock in the

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<v Speaker 3>after hours, at least for Nvidia, right the other companies

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<v Speaker 3>who knows.

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<v Speaker 1>Yeah, listen, you mentioned IBM of course, ticker for videos

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<v Speaker 1>and VDA ticker for IBM is IBM. We did see

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<v Speaker 1>IBM pop up about two point four percent.

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<v Speaker 4>Earlier in the session. That is about a partnership.

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<v Speaker 1>Between the two and so you do see news out

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<v Speaker 1>of this event certainly move individual names. I'm going to

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<v Speaker 1>get to kind of staying within the chip space, I

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<v Speaker 1>want to go on over to Micron Technology.

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<v Speaker 4>Ticker is MU.

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<v Speaker 1>And we did see this one bopping up also in

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<v Speaker 1>today's session, in fact, at its highs up about six

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<v Speaker 1>point seven percent, finishing the day with a gain of

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<v Speaker 1>three point six percent. And this is after the company.

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<v Speaker 1>Really we're seeing some analyst optimism growing ahead of the

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<v Speaker 1>chip makers results later on this week. The company does

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<v Speaker 1>report on Wednesday, so there's some enthusiasm and optimism about

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<v Speaker 1>what we might get from this player in the chip space.

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<v Speaker 1>We did see kind of the Philadelphia Semiconductor Index as

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<v Speaker 1>a whole hire in the trade as well. That of

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<v Speaker 1>course is socks SOX that index. But I also want

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<v Speaker 1>to mention micro Technology. It's up about fifty four percent

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<v Speaker 1>year to date, so it's been on quite a tear.

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<v Speaker 4>Also, Dollar Tree, Yeah, this is kind of non tech.

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<v Speaker 3>This was is everything not a dollar anymore?

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<v Speaker 2>Carol?

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<v Speaker 3>Because I hear that they are wealthier shoppers are going Yeah.

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<v Speaker 4>Thank you for the setup items Tickers dlt R.

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<v Speaker 1>This was your number two gainer in the s and

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<v Speaker 1>P five hundred, finishing the day up about six point

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<v Speaker 1>four percent.

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<v Speaker 4>And yeah, there's strategy.

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<v Speaker 1>They've been introducing these higher priced items and that is

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<v Speaker 1>apparently helping to increase their sales, especially with the wealthier shopper.

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<v Speaker 4>So they're selling more goods in a range of three to.

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<v Speaker 1>Five dollars dollars toys party supplies the boosted results last quarter.

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<v Speaker 3>I will say I'm no marketing expert, but three to

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<v Speaker 3>five dollars Tree doesn't have the same ring to it

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<v Speaker 3>that Dollar Tree does. Dollars Tree, dollars Tree.

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<v Speaker 1>Yeah, Yeah, sales are projected to be as much as

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<v Speaker 1>twenty point seven billion dollars this year, with growth of

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<v Speaker 1>about seven percent, following a gain of about ten percent

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<v Speaker 1>last fiscal year. So you definitely did see this one

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<v Speaker 1>pop in today's session. And I'm just going to take

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<v Speaker 1>a look at what we've seen so far here to date.

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<v Speaker 1>Dollar Tree still down about seven percent year to date.

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<v Speaker 2>Okay, this stock Movers report from Bloomberg Radio. Check back

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