1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,800 --> 00:00:18,840 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,880 --> 00:00:23,080 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel and Valerie As. 6 00:00:23,079 --> 00:00:26,040 Speaker 3: If we needed more signs that the AI trade still 7 00:00:26,040 --> 00:00:30,040 Speaker 3: has legs, how about these results from Taiwan's Semiconductor. 8 00:00:30,080 --> 00:00:32,560 Speaker 1: Good morning, Hey, good morning, Let's talk about the AI 9 00:00:32,640 --> 00:00:35,960 Speaker 1: tread yet again. Huh it doesn't stop TSMC out of 10 00:00:36,040 --> 00:00:39,839 Speaker 1: the beat. This morning, the world's largest chip manufacturer hiked 11 00:00:39,920 --> 00:00:43,880 Speaker 1: its twenty twenty five revenue projection for the second time 12 00:00:44,040 --> 00:00:46,360 Speaker 1: this year to the mid thirty percent range. 13 00:00:46,479 --> 00:00:48,960 Speaker 4: It was all boosted by AI chip demand. 14 00:00:49,000 --> 00:00:52,879 Speaker 1: TSMC also reported a thirty nine percent surgeon profit and 15 00:00:53,040 --> 00:00:56,440 Speaker 1: just shy of fifteen billion dollars in net income for 16 00:00:56,640 --> 00:00:59,600 Speaker 1: the quarter. The shares are rising one point six percent, 17 00:00:59,600 --> 00:01:02,600 Speaker 1: the eighty listed in the US art in pre market 18 00:01:02,600 --> 00:01:05,600 Speaker 1: trading higher, also lifting the broader a tech space to 19 00:01:05,720 --> 00:01:08,040 Speaker 1: Navidia up one point three percent. Off the back of this, 20 00:01:08,360 --> 00:01:11,120 Speaker 1: the CEO of TSMC is saying they are a speeding 21 00:01:11,200 --> 00:01:15,040 Speaker 1: up US capacity expansion, and also noted their conviction in 22 00:01:15,080 --> 00:01:17,360 Speaker 1: the AI mega trend is strengthening. 23 00:01:17,560 --> 00:01:21,640 Speaker 3: And we also got earnings this morning outside AI from 24 00:01:21,840 --> 00:01:25,000 Speaker 3: United Airlines. This looks like a pretty positive story. 25 00:01:25,319 --> 00:01:27,759 Speaker 1: You know, it did look like a pretty positive story 26 00:01:27,800 --> 00:01:28,240 Speaker 1: to me too. 27 00:01:28,319 --> 00:01:30,679 Speaker 4: But the shares are trading lower this morning. 28 00:01:30,760 --> 00:01:34,080 Speaker 1: United air is dropping one point three percent in pre market. 29 00:01:34,440 --> 00:01:38,920 Speaker 1: They did report resilient demand fueled by its premium passenger class, 30 00:01:38,920 --> 00:01:42,280 Speaker 1: and the airline forecasted adjusted earnings per share that was 31 00:01:42,480 --> 00:01:46,320 Speaker 1: decently above estimates. However, some analysts reporting to the fact 32 00:01:46,360 --> 00:01:49,440 Speaker 1: that operating revenue for the quarter fell just shy of 33 00:01:49,480 --> 00:01:54,240 Speaker 1: street expectations, and Bloomberg Intelligence notes their sign of saturation, 34 00:01:54,480 --> 00:01:57,160 Speaker 1: especially when it comes to the premium seats. 35 00:01:56,880 --> 00:01:57,400 Speaker 4: That it sells. 36 00:01:57,440 --> 00:02:00,480 Speaker 1: But look, the airline industry has done decently well since 37 00:02:00,520 --> 00:02:02,960 Speaker 1: the Delta beat last Wednesday. So you could also just 38 00:02:03,000 --> 00:02:05,440 Speaker 1: tag the fact that United Airline is up some ten 39 00:02:05,480 --> 00:02:06,920 Speaker 1: percent in the last ten sessions. 40 00:02:07,040 --> 00:02:09,480 Speaker 3: Okay, so a modest decline in the pre market for 41 00:02:09,600 --> 00:02:11,639 Speaker 3: United Airlines. But we got to talk about the biggest 42 00:02:11,760 --> 00:02:14,640 Speaker 3: downside mover this morning, what is going on with Hewlett 43 00:02:14,639 --> 00:02:15,560 Speaker 3: Packard Enterprise. 44 00:02:16,120 --> 00:02:20,440 Speaker 1: Some evidence of margin compression problems. Hewlett Packard Enterprises down 45 00:02:20,639 --> 00:02:23,600 Speaker 1: nine point seven percent. This is the one of the 46 00:02:23,639 --> 00:02:27,560 Speaker 1: world's largest makers of computing equipment. It issued a full 47 00:02:27,600 --> 00:02:30,480 Speaker 1: year forecast for profit and cash flow that fell short 48 00:02:30,520 --> 00:02:34,600 Speaker 1: of expectations, even though it did see to increase demand 49 00:02:34,720 --> 00:02:38,840 Speaker 1: for high powered servers, which are used for AI workloads. 50 00:02:39,080 --> 00:02:41,520 Speaker 4: HP is dealing with tighter margins. 51 00:02:41,520 --> 00:02:45,640 Speaker 1: In part to building those servers, it takes expensive AI chips, 52 00:02:45,680 --> 00:02:48,160 Speaker 1: and those have made the machines less profitable and the 53 00:02:48,200 --> 00:02:53,720 Speaker 1: business margins shrinking slightly. So HPE suffering near ten percent 54 00:02:54,040 --> 00:02:56,160 Speaker 1: declines this morning on the back of this disappointment. 55 00:02:56,320 --> 00:02:58,680 Speaker 3: Well, it looks like a much more positive earning story 56 00:02:58,840 --> 00:03:01,600 Speaker 3: for another big tech names, sales Force, so. 57 00:03:01,639 --> 00:03:03,800 Speaker 4: This also has another AI theme through it. 58 00:03:03,840 --> 00:03:07,160 Speaker 1: They projected double digit revenue growth and also announced a 59 00:03:07,160 --> 00:03:09,960 Speaker 1: buyback of seven billion dollars. The shares are trading higher, 60 00:03:10,360 --> 00:03:12,520 Speaker 1: up five and a quarter percent, but the stock really 61 00:03:12,560 --> 00:03:13,960 Speaker 1: has been battered this year. 62 00:03:14,320 --> 00:03:16,440 Speaker 4: It's down twenty nine percent year to date. 63 00:03:16,480 --> 00:03:21,000 Speaker 1: Investors have been concerned that Salesforce's customers are spending their 64 00:03:21,000 --> 00:03:24,480 Speaker 1: budgets on other AI tools from startups rather than traditional 65 00:03:24,600 --> 00:03:29,560 Speaker 1: vendors like Salesforce, but Today's guidance from the customer management 66 00:03:29,600 --> 00:03:32,400 Speaker 1: software company could potentially ease some of those concerns, and 67 00:03:32,440 --> 00:03:34,240 Speaker 1: that's why we're seeing the positive move in the market 68 00:03:34,240 --> 00:03:34,680 Speaker 1: this morning. 69 00:03:35,760 --> 00:03:39,800 Speaker 2: This stock mover's report from Bloomberg Radio. 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