Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Stock Movers it's a podcast is with Lisa Mateo. Pray
Speaker 2: tell which stocks move it.
Speaker 3: Let's go with Nvidio. Okay, we'll start there at NVDA.
Speaker 3: Their shares have been up as much as one percent.
Speaker 3: A lot of this centering on their chips, So we
Speaker 3: don't write President Trump approved the exports of those h
Speaker 3: two hundred chips. But now you have this report from
Speaker 3: Reuters that Byte Dance, who you know from TikTok Ali Baba,
Speaker 3: they're also looking to order them. The companies reporting the
Speaker 3: waiting for the green light from China to place the orders.
Speaker 3: These are reports, but just wanted to put there out there.
Speaker 2: Now.
Speaker 3: There's another report though. That's one's about their Blackwell chips,
Speaker 3: which the US has forbidden from being exports to China.
Speaker 3: But the information says that Deep Seek, that's that Chinese
Speaker 3: AI startup. They've been developing its next major model using them.
Speaker 3: And it's kind of this weird way. So basically they're
Speaker 3: sent to data centers and countries that are allowed to
Speaker 3: buy them, and then the servers with the chips are dismantled,
Speaker 3: and then the equipment is imported in pieces to China.
Speaker 2: It's really controversy. It's very to say. At least Paul
Speaker 2: Advidia thirty six thousand people, Netflix fourteen thousand people. They
Speaker 2: got about the same valuation. Yeah, and after synergies, I
Speaker 2: guess Netflix then becomes more reasonably priced. How do you
Speaker 2: trade Casablanca?
Speaker 1: I don't know, but they're going to figure it out.
Speaker 3: So they're just looking for more content. Content is king,
Speaker 3: as somebody once said, Oh it's still nailed that ye.
Speaker 3: Next this is this is Paul's favorite cracker barrel. Okay,
Speaker 3: you're killing Yes, yes, they're just taking a hit today.
Speaker 3: Down six percent. The logo change, I mean they wanted
Speaker 3: to remove Uncle Hershel okay, and people did not like it.
Speaker 3: They wanted to update the dining rooms. People did not
Speaker 3: like that the modern feel. So they said basically, they
Speaker 3: expect sales to fall faster than they previously expected. At
Speaker 3: CEO set, a recovery is going to take time. Foot
Speaker 3: traffic has fallen eleven percent in the current quarter. Visits
Speaker 3: have kind of stabilized in recent weeks. But they're looking
Speaker 3: to off this set the slowdown, right, They want to
Speaker 3: cut costs. They said it should deliver about twenty to
Speaker 3: twenty five million in savings. They're changing the marketing strategy. Okay,
Speaker 3: so they're trying to renew those ties with those core customers, right.
Speaker 3: So they're focusing on NASCAR, they're focusing on college football,
Speaker 3: they're focusing on country music veterans. And that's kind of
Speaker 3: what where they're going back to at this point.
Speaker 2: But the bottom line here, I mean, I'm getting the
Speaker 2: map up right now, Paul. I mean a week for
Speaker 2: securities cracker barrel was the Dow Jones equivalent. Absolutely, Oh yeah,
Speaker 2: when there's like fourteen cracker barrels around Richmond, Virginia.
Speaker 1: Same thing for Durham, North Carolina.
Speaker 2: Same thing for Bowling Green, Kentucky.
Speaker 1: So there's a few here in the metro area, so
Speaker 1: you can go to one.
Speaker 2: There's five around Richmond. Yep.
Speaker 1: Absolutely, and they're all I think like ninety percent of
Speaker 1: the stores are within half a mile of an interstate.
Speaker 2: That's kind of the you see it as you're driving.
Speaker 3: It's a round trip place. Yes, definitely. That's the last
Speaker 3: time I when I drove to Florida. Okay, I want
Speaker 3: to end with Game Stop GM sliding about six percent. Yeah,
Speaker 3: the og memes j who no so recorded lower revenue
Speaker 3: in the fiscal third quarter.
Speaker 2: Though.
Speaker 3: The breakdown is so you have hardware, accessories, and software
Speaker 3: to sales. Those all decline. The only thing that was
Speaker 3: a bright spot for them were collectibles, were they increase
Speaker 3: about fifty percent. And then you have that bitcoin tie
Speaker 3: too with game Stop. I mean they bought more than
Speaker 3: forty seven hundred bitcoin in May and June. It's holdings
Speaker 3: valued at about five hundred and nineteen million at the
Speaker 3: closure to the third quarter. When you compare that to
Speaker 3: the second quarter, that second quarter was five hundred and
Speaker 3: twenty eight million, so a little bit less when it comes.
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