WEBVTT - Qualcomm Gains, Microsoft Falls, Domino's Sinks as Outlook Revised to a More Ambiguous Tone

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's get a check on some stocks on the moves.

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<v Speaker 3>I'm Scarlett fil here with Paul Sweeney, and we want

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<v Speaker 3>to bring in our very own Christine, you know, our

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<v Speaker 3>managing editor at markets Live. What do you have, Christine?

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<v Speaker 1>All right, Scarlett, Let's take a look at Qualcom this morning.

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<v Speaker 1>A lot of volatility for that stock ticker QCOM. Earlier

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<v Speaker 1>it was up at the open, but now down a

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<v Speaker 1>little bit seven tenths of one percent lower this morning.

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<v Speaker 1>And that is because there was a closely watched tech

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<v Speaker 1>industry analyst that suggested the chip maker is working with

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<v Speaker 1>AI giant open AI on a smartphone. So apparently, TF

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<v Speaker 1>International Securities analyst man Chi Quote wrote in social media

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<v Speaker 1>post that his latest industry checks revealed that open Ai

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<v Speaker 1>was working with ME and Qualcom to develop smartphone processors.

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<v Speaker 1>The report said that mass production is expected in twenty

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<v Speaker 1>twenty eight, although Quote specific specifications and suppliers are expected

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<v Speaker 1>to be finalized by late or aratority end of this

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<v Speaker 1>year or the first quarter of next year, So a

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<v Speaker 1>lot of buzz over there on open ai powered phone,

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<v Speaker 1>but apparently not enough for to propel qualcom to games.

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<v Speaker 1>This morner at least sustain thos opening games.

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<v Speaker 4>Okay, Microsoft always news out on Microsoft.

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<v Speaker 1>Absolutely Paul and related to open Ai as well, so

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<v Speaker 1>Microsoft ticker MSFT, so that stock is down just about

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<v Speaker 1>two cents of one percent now, so pairing some of

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<v Speaker 1>those opening losses over one percent earlier today, and that

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<v Speaker 1>is because we did get an announcement from Microsoft saying

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<v Speaker 1>that both the company and open Ai have agreed to

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<v Speaker 1>drop the software giant's exclusive rights to sell the startups

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<v Speaker 1>AI model. So that means that the door is open

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<v Speaker 1>for the CHADGBT maker to pursue deals with that with

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<v Speaker 1>cloud computing rivals like Amazon. And also that Microsoft will

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<v Speaker 1>no longer pay a revenue share and open Ai products

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<v Speaker 1>that it resells on its cloud. So apparently this is

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<v Speaker 1>meant to simplify a pretty complicated relationship between the two companies,

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<v Speaker 1>but clearly investors are taking this as a slight negative

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<v Speaker 1>for Microsoft today.

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<v Speaker 3>All right, good stuff, and last one, we.

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<v Speaker 1>All to talk about pizza Scarlett because it's almost lunchtime.

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<v Speaker 1>Let's take a look at Dominoes today as a ticker DPZ.

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<v Speaker 1>That stock is falling a good bit today, down more

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<v Speaker 1>than nine percent, pairing some earlier losses, but that is

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<v Speaker 1>still set for the biggest decline since July twenty twenty four.

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<v Speaker 1>We did get earnings this morning, domestic and international comp

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<v Speaker 1>sales both missing expectations. Here reported revenue for the first

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<v Speaker 1>quarter also missing the average analyst estimate, and so the

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<v Speaker 1>takeaway from Bloomberg in Challenges at least is that second

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<v Speaker 1>quarter and third quarter comp sales estimates look overstated now

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<v Speaker 1>because it's clearly having an impact from low and middle

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<v Speaker 1>income consumers that are spending lesson pizza because they're having

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<v Speaker 1>to do with higher gasoline prices, so potentially more downside

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<v Speaker 1>to come.

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<v Speaker 4>All right, I mean, I'm really live in like one

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<v Speaker 4>of the great pizza regions something that world here, I know,

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<v Speaker 4>But for the most of the rest of the world,

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<v Speaker 4>who doesn't have local pizza, Ombino's is it And that's fine,

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<v Speaker 4>and it's more than fine. Man, I lived in Richmond,

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<v Speaker 4>We lived on that stuff.

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<v Speaker 3>Yeah, I'm a New York pizza snop, so I can't

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<v Speaker 3>I can't abide by anything that is a national change.

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<v Speaker 4>Yeah, that's I get it. I wasn't even even in

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<v Speaker 4>the pizza hut back in the day.

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<v Speaker 1>That's not shoot, but that's a different experience. It is

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<v Speaker 1>the salad bar.

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<v Speaker 3>Yeah, absolutely rare, stuffed, crust and everything. Yep, yep, exactly right.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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