WEBVTT - Nvidia's Rally Fades, Walmart Rises on Results, Oracle Drops

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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 1>Let's get to some stocks on the move. Bloomberg News

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<v Speaker 1>crossused reporter Janiza Sokova. She is in the house, and

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<v Speaker 1>you got to start with Nvidia.

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<v Speaker 3>Yeah, if you want to talk about reversals of fortunes,

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<v Speaker 3>we have to start with Nvidia. The rally and Nvidia

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<v Speaker 3>shares faded. Now it's not about two percent, but it

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<v Speaker 3>felt as much as three percent initially after we got

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<v Speaker 3>their earnings. The story climb, the stock climb more than

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<v Speaker 3>five percent. There were all those worries about AI spending,

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<v Speaker 3>and it seems like this morning everyone was over it.

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<v Speaker 3>But clearly we're back and investors are worried about AI spending.

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<v Speaker 3>And Video had a very strong report. Of course, the

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<v Speaker 3>sales were about sixty five billion in the January quarter,

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<v Speaker 3>three billion more than analysts were predicting. Everyone was excited.

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<v Speaker 3>Justin Huang addressed the A bubble and said, this is

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<v Speaker 3>something different. This is not what we're seeing from our advantage,

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<v Speaker 3>but the fear is strong. Investors have expressed concern about

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<v Speaker 3>the structure of all those mega deals, and there is

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<v Speaker 3>five announcements a week. We're getting it, especially when it

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<v Speaker 3>comes to Nvidia. There are investments in startups such as

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<v Speaker 3>open Ai and Tropic, and the issue is whether the

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<v Speaker 3>packs are creating artificial demand for computers, and investors are worried.

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<v Speaker 3>In Vidia currently is not projecting any sales from AIX

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<v Speaker 3>relators in China, so China has been one part of

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<v Speaker 3>the report that is wearing investors. But yesterday it was

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<v Speaker 3>enough to ignore. Today we're penalizing that.

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<v Speaker 4>It's such an interesting moment because for a big part

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<v Speaker 4>of the morning until about ten o'clock, the stock was surging.

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<v Speaker 4>There was a rally happening, but then the real shift

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<v Speaker 4>happened starting at ten, and we've seen the stock move

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<v Speaker 4>lower since then. Yeah, for sure, it's no clear catalyst.

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<v Speaker 3>I think a lot of people are also worried about

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<v Speaker 3>rape cuts sold the jobs report. It was a strong

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<v Speaker 3>jobs report. Grea see effect that's split, So that's definitely

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<v Speaker 3>weighing as well.

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<v Speaker 1>Yeah, I mean, these risk your assets right in a

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<v Speaker 1>higher rate environment, you know, you look at these valuations differently. Hey,

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<v Speaker 1>I do want to point out that Nvidia is off

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<v Speaker 1>about almost twelve percent since October twenty ninth, so technically

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<v Speaker 1>we've seen a correction in this name, and I was

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<v Speaker 1>just curious to see. I like doing the technical it's

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<v Speaker 1>looking up RSI Relative Strength Index, and that stock not

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<v Speaker 1>yet moving towards maybe an over sold but not really

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<v Speaker 1>quite not. It's kind of in the middle between the

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<v Speaker 1>red and green lines, red being overbought, green being over sold.

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<v Speaker 1>So it's not quite there. And that's that valuation story.

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<v Speaker 2>All right.

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<v Speaker 1>Let's get to one that is definitely an outperformer in

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<v Speaker 1>today's trade, and it's not high tech.

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<v Speaker 3>It's not high tech. Yes, we have one sock that's

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<v Speaker 3>definitely in the green today. Walmart shares rules as much

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<v Speaker 3>as seven percent. The world's biggest retailer raised it's full

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<v Speaker 3>year sales and profit outlook. The ticker, of course, is

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<v Speaker 3>that WAMT. We're talking about Walmart, which sees net sales

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<v Speaker 3>rising about five percent higher than previous projected and this

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<v Speaker 3>is the second time they increase my proodcast. Obviously, everyone

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<v Speaker 3>has been looking out for the consumers. We saw quite

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<v Speaker 3>a few or wearing earnings report, but Walmart is not

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<v Speaker 3>amongst them. Of course, they are saying that they're seeing

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<v Speaker 3>pressure in lower incomes, but compared to some of their competitors,

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<v Speaker 3>we're not seeing that many worrisome results. That said, middle

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<v Speaker 3>and hire income shoppers aren't pulling back. We know Walmart

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<v Speaker 3>has been targeting them. They have like channel bags and

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<v Speaker 3>they have online their way. Do they have really they

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<v Speaker 3>have pre owned Yeah, that was a big push to

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<v Speaker 3>reach those have no idea you see.

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<v Speaker 4>Does that change your view, Carol, I don't have a.

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<v Speaker 1>View on Walmart. I just reported bags.

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<v Speaker 2>I don't know.

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<v Speaker 1>I think that's kind of interesting.

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<v Speaker 4>They're going consumer, you're trying to bring it in.

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<v Speaker 3>Yeah, they're big on Ecomarce as well. That has been

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<v Speaker 3>doing very well and the stock is up nineteen percent.

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<v Speaker 3>So no matter what position is on channel backs, they're

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<v Speaker 3>doing well.

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<v Speaker 1>But I am right now googling Walmart pre owned channel.

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<v Speaker 4>Okay, well you do that.

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<v Speaker 3>It's for work, research, for research.

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<v Speaker 1>Can I just tell you Walmart about what eighteen percent

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<v Speaker 1>years yew So it's been doing fairly well.

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<v Speaker 4>Well, let's go another stock that's in the red today,

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<v Speaker 4>and that would be Oracle. What's going on with the world, going.

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<v Speaker 3>Back to the AI trade and the losers that a trade,

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<v Speaker 3>and Oco is a very interesting name. It's down thirty

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<v Speaker 3>five percent for its September high just today is now

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<v Speaker 3>about five percent. The ticker, of course, is all Our

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<v Speaker 3>cl and everyone has been looking at that name and

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<v Speaker 3>not just the stock. Everyone has been looking at the

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<v Speaker 3>company's CDs.

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<v Speaker 1>I'm so glad.

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<v Speaker 3>This is so fascinating. So traders have pouding into the

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<v Speaker 3>company credit the fault swaps in recent months. So now

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<v Speaker 3>we have about five billion of volume over the seven

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<v Speaker 3>weeks that just ended this time. Last year it was

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<v Speaker 3>two one hundred million, so it's twenty five times more.

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<v Speaker 3>It's so interesting how this emerged as this barometer for

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<v Speaker 3>AI credit helped. We have an excellent story on the terminal.

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<v Speaker 3>But Morgan Selly is one of the companies who was

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<v Speaker 3>actually worried about NETA. Just the depth of Oracle and

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<v Speaker 3>they're projecting it doubling to about three hundred billion, and

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<v Speaker 3>the hedge they recommended five year CDs on ORCO. So

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<v Speaker 3>definitely this trade is circulating. Obviously, data on this is

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<v Speaker 3>coming a little bit slow, but you can imagine that

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<v Speaker 3>it's a good barometer of investor being really really worded.

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<v Speaker 3>It's three times what it was just a couple of

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<v Speaker 3>weeks back, so it's.

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<v Speaker 2>Moving very fast. The Stock Mover's Report from Bloomberg Radio.

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<v Speaker 2>roundup of companies making news on Wall Street and for

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