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 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel and Valerie As.
Speaker 3: If we needed more signs that the AI trade still
Speaker 3: has legs, how about these results from Taiwan's Semiconductor.
Speaker 1: Good morning, Hey, good morning, Let's talk about the AI
Speaker 1: tread yet again. Huh it doesn't stop TSMC out of
Speaker 1: the beat. This morning, the world's largest chip manufacturer hiked
Speaker 1: its twenty twenty five revenue projection for the second time
Speaker 1: this year to the mid thirty percent range.
Speaker 4: It was all boosted by AI chip demand.
Speaker 1: TSMC also reported a thirty nine percent surgeon profit and
Speaker 1: just shy of fifteen billion dollars in net income for
Speaker 1: the quarter. The shares are rising one point six percent,
Speaker 1: the eighty listed in the US art in pre market
Speaker 1: trading higher, also lifting the broader a tech space to
Speaker 1: Navidia up one point three percent. Off the back of this,
Speaker 1: the CEO of TSMC is saying they are a speeding
Speaker 1: up US capacity expansion, and also noted their conviction in
Speaker 1: the AI mega trend is strengthening.
Speaker 3: And we also got earnings this morning outside AI from
Speaker 3: United Airlines. This looks like a pretty positive story.
Speaker 1: You know, it did look like a pretty positive story
Speaker 1: to me too.
Speaker 4: But the shares are trading lower this morning.
Speaker 1: United air is dropping one point three percent in pre market.
Speaker 1: They did report resilient demand fueled by its premium passenger class,
Speaker 1: and the airline forecasted adjusted earnings per share that was
Speaker 1: decently above estimates. However, some analysts reporting to the fact
Speaker 1: that operating revenue for the quarter fell just shy of
Speaker 1: street expectations, and Bloomberg Intelligence notes their sign of saturation,
Speaker 1: especially when it comes to the premium seats.
Speaker 4: That it sells.
Speaker 1: But look, the airline industry has done decently well since
Speaker 1: the Delta beat last Wednesday. So you could also just
Speaker 1: tag the fact that United Airline is up some ten
Speaker 1: percent in the last ten sessions.
Speaker 3: Okay, so a modest decline in the pre market for
Speaker 3: United Airlines. But we got to talk about the biggest
Speaker 3: downside mover this morning, what is going on with Hewlett
Speaker 3: Packard Enterprise.
Speaker 1: Some evidence of margin compression problems. Hewlett Packard Enterprises down
Speaker 1: nine point seven percent. This is the one of the
Speaker 1: world's largest makers of computing equipment. It issued a full
Speaker 1: year forecast for profit and cash flow that fell short
Speaker 1: of expectations, even though it did see to increase demand
Speaker 1: for high powered servers, which are used for AI workloads.
Speaker 4: HP is dealing with tighter margins.
Speaker 1: In part to building those servers, it takes expensive AI chips,
Speaker 1: and those have made the machines less profitable and the
Speaker 1: business margins shrinking slightly. So HPE suffering near ten percent
Speaker 1: declines this morning on the back of this disappointment.
Speaker 3: Well, it looks like a much more positive earning story
Speaker 3: for another big tech names, sales Force, so.
Speaker 4: This also has another AI theme through it.
Speaker 1: They projected double digit revenue growth and also announced a
Speaker 1: buyback of seven billion dollars. The shares are trading higher,
Speaker 1: up five and a quarter percent, but the stock really
Speaker 1: has been battered this year.
Speaker 4: It's down twenty nine percent year to date.
Speaker 1: Investors have been concerned that Salesforce's customers are spending their
Speaker 1: budgets on other AI tools from startups rather than traditional
Speaker 1: vendors like Salesforce, but Today's guidance from the customer management
Speaker 1: software company could potentially ease some of those concerns, and
Speaker 1: that's why we're seeing the positive move in the market
Speaker 1: this morning.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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