Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Carol Masser along with Tim Stanevik. Let's get to
Speaker 1: some stocks on the move today, and we mentioned we
Speaker 1: did finish higher across the board for those major indices.
Speaker 1: We did see a blip to the upside intra day,
Speaker 1: and that was because of one name, but we also
Speaker 1: saw it moving in the after hours.
Speaker 3: Yeah, Nvidia ended up moving hired today by one point
Speaker 3: seven percent. It was up as much as four point
Speaker 3: eight percent earlier in the session. The big news that
Speaker 3: happened during the trading day was the company said it
Speaker 3: expects to generate at least a trillion dollars from its
Speaker 3: Blackwell and rubinships to the end of twenty twenty seven.
Speaker 3: So it had previously forecast it would bring five hundred
Speaker 3: billion dollars in sales by the end of twenty twenty six.
Speaker 3: But Carol, what I'm interested in focusing on is what
Speaker 3: the company said after the markets closed. The company has
Speaker 3: launched Space Computing and announced a new chip for space
Speaker 3: data centers. Jensen Wong said that data centers are going
Speaker 3: to space in the after hours, and Vidia is down
Speaker 3: by just about four tenths of one percent. Also, some
Speaker 3: really interesting collaborations just in the last half hour have
Speaker 3: been announced. Amazon and Nvidia have collaborated on advanced AI
Speaker 3: assistants for cars. Automakers are adopting in Nvidia Drive Hyperion
Speaker 3: for level four vehicles. In Nvidia will launch robotaxes on
Speaker 3: Uber across twenty eight cities by twenty twenty eight, and
Speaker 3: then expanded partnerships with the likes of IBM, Adobe a
Speaker 3: strategic partnership with Adobe. Remember the GtC is going on
Speaker 3: right now. This is the Developers Conference. It's in San Jose.
Speaker 3: It's day one to four right now. Hyundai Kia and
Speaker 3: Nvidia expanding autonomous driving partnership. Salesforce is teamed up with
Speaker 3: Nvidia on AI agents and HPE Unveil's AI factory. Supercomputing
Speaker 3: advancements within Vidia not really moving the stock in the
Speaker 3: after hours, at least for Nvidia, right the other companies
Speaker 3: who knows.
Speaker 1: Yeah, listen, you mentioned IBM of course, ticker for videos
Speaker 1: and VDA ticker for IBM is IBM. We did see
Speaker 1: IBM pop up about two point four percent.
Speaker 4: Earlier in the session. That is about a partnership.
Speaker 1: Between the two and so you do see news out
Speaker 1: of this event certainly move individual names. I'm going to
Speaker 1: get to kind of staying within the chip space, I
Speaker 1: want to go on over to Micron Technology.
Speaker 4: Ticker is MU.
Speaker 1: And we did see this one bopping up also in
Speaker 1: today's session, in fact, at its highs up about six
Speaker 1: point seven percent, finishing the day with a gain of
Speaker 1: three point six percent. And this is after the company.
Speaker 1: Really we're seeing some analyst optimism growing ahead of the
Speaker 1: chip makers results later on this week. The company does
Speaker 1: report on Wednesday, so there's some enthusiasm and optimism about
Speaker 1: what we might get from this player in the chip space.
Speaker 1: We did see kind of the Philadelphia Semiconductor Index as
Speaker 1: a whole hire in the trade as well. That of
Speaker 1: course is socks SOX that index. But I also want
Speaker 1: to mention micro Technology. It's up about fifty four percent
Speaker 1: year to date, so it's been on quite a tear.
Speaker 4: Also, Dollar Tree, Yeah, this is kind of non tech.
Speaker 3: This was is everything not a dollar anymore?
Speaker 2: Carol?
Speaker 3: Because I hear that they are wealthier shoppers are going Yeah.
Speaker 4: Thank you for the setup items Tickers dlt R.
Speaker 1: This was your number two gainer in the s and
Speaker 1: P five hundred, finishing the day up about six point
Speaker 1: four percent.
Speaker 4: And yeah, there's strategy.
Speaker 1: They've been introducing these higher priced items and that is
Speaker 1: apparently helping to increase their sales, especially with the wealthier shopper.
Speaker 4: So they're selling more goods in a range of three to.
Speaker 1: Five dollars dollars toys party supplies the boosted results last quarter.
Speaker 3: I will say I'm no marketing expert, but three to
Speaker 3: five dollars Tree doesn't have the same ring to it
Speaker 3: that Dollar Tree does. Dollars Tree, dollars Tree.
Speaker 1: Yeah, Yeah, sales are projected to be as much as
Speaker 1: twenty point seven billion dollars this year, with growth of
Speaker 1: about seven percent, following a gain of about ten percent
Speaker 1: last fiscal year. So you definitely did see this one
Speaker 1: pop in today's session. And I'm just going to take
Speaker 1: a look at what we've seen so far here to date.
Speaker 1: Dollar Tree still down about seven percent year to date.
Speaker 2: Okay, this stock Movers report from Bloomberg Radio. Check back
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