WEBVTT - DeepSeek Has Used Banned Nvidia Chips: Report; Cracker Barrel Slides; GameStop Falls on Earnings

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Stock Movers it's a podcast is with Lisa Mateo. Pray

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<v Speaker 2>tell which stocks move it.

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<v Speaker 3>Let's go with Nvidio. Okay, we'll start there at NVDA.

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<v Speaker 3>Their shares have been up as much as one percent.

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<v Speaker 3>A lot of this centering on their chips, So we

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<v Speaker 3>don't write President Trump approved the exports of those h

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<v Speaker 3>two hundred chips. But now you have this report from

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<v Speaker 3>Reuters that Byte Dance, who you know from TikTok Ali Baba,

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<v Speaker 3>they're also looking to order them. The companies reporting the

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<v Speaker 3>waiting for the green light from China to place the orders.

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<v Speaker 3>These are reports, but just wanted to put there out there.

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<v Speaker 2>Now.

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<v Speaker 3>There's another report though. That's one's about their Blackwell chips,

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<v Speaker 3>which the US has forbidden from being exports to China.

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<v Speaker 3>But the information says that Deep Seek, that's that Chinese

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<v Speaker 3>AI startup. They've been developing its next major model using them.

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<v Speaker 3>And it's kind of this weird way. So basically they're

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<v Speaker 3>sent to data centers and countries that are allowed to

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<v Speaker 3>buy them, and then the servers with the chips are dismantled,

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<v Speaker 3>and then the equipment is imported in pieces to China.

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<v Speaker 2>It's really controversy. It's very to say. At least Paul

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<v Speaker 2>Advidia thirty six thousand people, Netflix fourteen thousand people. They

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<v Speaker 2>got about the same valuation. Yeah, and after synergies, I

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<v Speaker 2>guess Netflix then becomes more reasonably priced. How do you

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<v Speaker 2>trade Casablanca?

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<v Speaker 1>I don't know, but they're going to figure it out.

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<v Speaker 3>So they're just looking for more content. Content is king,

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<v Speaker 3>as somebody once said, Oh it's still nailed that ye.

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<v Speaker 3>Next this is this is Paul's favorite cracker barrel. Okay,

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<v Speaker 3>you're killing Yes, yes, they're just taking a hit today.

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<v Speaker 3>Down six percent. The logo change, I mean they wanted

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<v Speaker 3>to remove Uncle Hershel okay, and people did not like it.

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<v Speaker 3>They wanted to update the dining rooms. People did not

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<v Speaker 3>like that the modern feel. So they said basically, they

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<v Speaker 3>expect sales to fall faster than they previously expected. At

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<v Speaker 3>CEO set, a recovery is going to take time. Foot

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<v Speaker 3>traffic has fallen eleven percent in the current quarter. Visits

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<v Speaker 3>have kind of stabilized in recent weeks. But they're looking

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<v Speaker 3>to off this set the slowdown, right, They want to

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<v Speaker 3>cut costs. They said it should deliver about twenty to

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<v Speaker 3>twenty five million in savings. They're changing the marketing strategy. Okay,

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<v Speaker 3>so they're trying to renew those ties with those core customers, right.

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<v Speaker 3>So they're focusing on NASCAR, they're focusing on college football,

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<v Speaker 3>they're focusing on country music veterans. And that's kind of

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<v Speaker 3>what where they're going back to at this point.

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<v Speaker 2>But the bottom line here, I mean, I'm getting the

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<v Speaker 2>map up right now, Paul. I mean a week for

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<v Speaker 2>securities cracker barrel was the Dow Jones equivalent. Absolutely, Oh yeah,

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<v Speaker 2>when there's like fourteen cracker barrels around Richmond, Virginia.

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<v Speaker 1>Same thing for Durham, North Carolina.

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<v Speaker 2>Same thing for Bowling Green, Kentucky.

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<v Speaker 1>So there's a few here in the metro area, so

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<v Speaker 1>you can go to one.

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<v Speaker 2>There's five around Richmond. Yep.

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<v Speaker 1>Absolutely, and they're all I think like ninety percent of

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<v Speaker 1>the stores are within half a mile of an interstate.

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<v Speaker 2>That's kind of the you see it as you're driving.

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<v Speaker 3>It's a round trip place. Yes, definitely. That's the last

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<v Speaker 3>time I when I drove to Florida. Okay, I want

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<v Speaker 3>to end with Game Stop GM sliding about six percent. Yeah,

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<v Speaker 3>the og memes j who no so recorded lower revenue

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<v Speaker 3>in the fiscal third quarter.

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<v Speaker 2>Though.

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<v Speaker 3>The breakdown is so you have hardware, accessories, and software

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<v Speaker 3>to sales. Those all decline. The only thing that was

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<v Speaker 3>a bright spot for them were collectibles, were they increase

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<v Speaker 3>about fifty percent. And then you have that bitcoin tie

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<v Speaker 3>too with game Stop. I mean they bought more than

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<v Speaker 3>forty seven hundred bitcoin in May and June. It's holdings

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<v Speaker 3>valued at about five hundred and nineteen million at the

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<v Speaker 3>closure to the third quarter. When you compare that to

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<v Speaker 3>the second quarter, that second quarter was five hundred and

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<v Speaker 3>twenty eight million, so a little bit less when it comes.

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<v Speaker 1>To it's the Stockmovers Report from Bloomberg Radio. Check back

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