1 00:00:02,520 --> 00:00:07,000 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 00:00:17,040 --> 00:00:19,720 Speaker 1: Lisa Miteo, Time for stock movers. What do you got 5 00:00:19,720 --> 00:00:20,360 Speaker 1: for us? Okay? 6 00:00:20,360 --> 00:00:23,320 Speaker 3: I want to start with Advanced micro Devices AMD. Right, 7 00:00:23,320 --> 00:00:25,239 Speaker 3: their series have been down as much as five percent. 8 00:00:25,560 --> 00:00:28,400 Speaker 3: They're basically the main rival to Invidia in that AI 9 00:00:28,480 --> 00:00:31,120 Speaker 3: chip market, and they really failed to impress investors with 10 00:00:31,160 --> 00:00:34,559 Speaker 3: their revenue forecasts. Analysts had some issues with margins. The 11 00:00:34,640 --> 00:00:37,960 Speaker 3: outlook investors, they were really betting heavy on the company. 12 00:00:37,960 --> 00:00:40,280 Speaker 3: I mean, they did some big deals with open AI, 13 00:00:40,440 --> 00:00:43,600 Speaker 3: with companies like Oracle, and they hope the hope is 14 00:00:43,600 --> 00:00:46,760 Speaker 3: that they can finally get closer to Nvidia. The stock 15 00:00:46,840 --> 00:00:49,440 Speaker 3: is more than double this year, so they're getting there. 16 00:00:49,440 --> 00:00:51,960 Speaker 3: But the outlook show signs at AMD's payoff, Well, it 17 00:00:52,159 --> 00:00:54,480 Speaker 3: might come a little bit slower than expected, and that's 18 00:00:54,480 --> 00:00:58,440 Speaker 3: what investors didn't like. It's CEO started talking about it. 19 00:00:58,520 --> 00:01:01,120 Speaker 3: She gave this projection to the market for AI processors 20 00:01:01,200 --> 00:01:04,240 Speaker 3: ors would generate about more than five hundred billion dollars 21 00:01:04,319 --> 00:01:06,640 Speaker 3: a year. But she said that the company they're going 22 00:01:06,680 --> 00:01:09,240 Speaker 3: to give more detail details on their outlook. There's an 23 00:01:09,240 --> 00:01:11,759 Speaker 3: investor meeting next week, so they're going to stay tuned 24 00:01:11,800 --> 00:01:12,000 Speaker 3: for that. 25 00:01:12,240 --> 00:01:14,839 Speaker 1: Yeah, I mean talk. That's a perfect example of price 26 00:01:14,880 --> 00:01:17,800 Speaker 1: for perfection AMD. Right, it's just hard to live up 27 00:01:17,840 --> 00:01:18,240 Speaker 1: to that bar. 28 00:01:18,440 --> 00:01:20,920 Speaker 4: The stocks double this year, as Lisa said, that's two 29 00:01:21,000 --> 00:01:23,759 Speaker 4: hundred billion dollars of new Oulderwell shouts there. 30 00:01:23,760 --> 00:01:26,280 Speaker 1: The numbers are just it's outrageous. But I'm looking at 31 00:01:26,280 --> 00:01:30,399 Speaker 1: pinterest pre market eighteen percent down eighteen percent. 32 00:01:30,800 --> 00:01:34,280 Speaker 3: Yeah, pins pis is a ticker. So this is basically 33 00:01:34,280 --> 00:01:36,480 Speaker 3: the platform where you go to find ideas. Right, Like 34 00:01:36,720 --> 00:01:38,160 Speaker 3: I bought a new home. I want to know how 35 00:01:38,160 --> 00:01:39,880 Speaker 3: to decorate it. I go to Pinterest and I do 36 00:01:39,920 --> 00:01:41,360 Speaker 3: and I search there and I look for all these 37 00:01:41,360 --> 00:01:43,880 Speaker 3: cool pictures. It's like a visual visual search engine. 38 00:01:43,920 --> 00:01:46,560 Speaker 1: That's what they call it. It's eye candy, it is. 39 00:01:48,280 --> 00:01:51,160 Speaker 3: Yes, I do it so I can find ideas and 40 00:01:51,200 --> 00:01:54,400 Speaker 3: I don't have that creative ide to decorate, So that's 41 00:01:54,440 --> 00:01:57,640 Speaker 3: where I go. But the problem is that their revenue 42 00:01:57,680 --> 00:02:00,760 Speaker 3: projections fell short, right, And that's sign that they're advertising 43 00:02:00,840 --> 00:02:03,840 Speaker 3: business is not growing as fast as expected, and the 44 00:02:03,840 --> 00:02:06,240 Speaker 3: company makes almost all if it's revenue from advertising, so 45 00:02:06,280 --> 00:02:08,839 Speaker 3: that's big for them. They even launched this thing called 46 00:02:08,919 --> 00:02:13,000 Speaker 3: Pinterests Assistant. It's their first like AI power visual first 47 00:02:13,040 --> 00:02:16,400 Speaker 3: collaborative for online shopping. I haven't tested into that yet. 48 00:02:17,080 --> 00:02:20,760 Speaker 3: But another issue that the CFO point is two was tariffs. 49 00:02:20,760 --> 00:02:23,280 Speaker 3: I mean they say tariffs are impacting the home furnishing 50 00:02:23,360 --> 00:02:26,320 Speaker 3: category and that could have a you know impact on them, 51 00:02:26,400 --> 00:02:29,240 Speaker 3: especially with the holiday you know quarter coming up too. 52 00:02:29,960 --> 00:02:31,919 Speaker 3: So that's the issue for them because you know, if 53 00:02:32,000 --> 00:02:34,359 Speaker 3: more hire more furniture is more expensive, people are not 54 00:02:34,400 --> 00:02:35,440 Speaker 3: going to look and they're not going to want to 55 00:02:35,480 --> 00:02:38,440 Speaker 3: go to pinterest to look for that furniture. So people 56 00:02:38,440 --> 00:02:43,600 Speaker 3: are going to McDonald's but they are yes, yeah, it's 57 00:02:43,600 --> 00:02:45,720 Speaker 3: a turnaround because they were waiting for this, right take 58 00:02:45,760 --> 00:02:48,160 Speaker 3: her mcd. Their shares a been up about one percent, 59 00:02:48,720 --> 00:02:51,120 Speaker 3: but they did have the faster than expected sales growth 60 00:02:51,120 --> 00:02:54,160 Speaker 3: in the US in the last quarter. They had comparable sales. 61 00:02:54,240 --> 00:02:56,600 Speaker 3: US store sales increased two point four percent in the 62 00:02:56,639 --> 00:02:59,120 Speaker 3: third quarter. The thing that really helped them out with 63 00:02:59,160 --> 00:03:01,240 Speaker 3: these new deals and promotions, they were trying to get 64 00:03:01,240 --> 00:03:04,480 Speaker 3: people back, you know, to this affordable option for meals. 65 00:03:04,480 --> 00:03:06,720 Speaker 3: So they did things like they cut the price of 66 00:03:06,720 --> 00:03:10,079 Speaker 3: certain combo meals. They offered this buy one, get one 67 00:03:10,080 --> 00:03:13,519 Speaker 3: for a dollar items for like sausage biscuits and double cheeseburgers. 68 00:03:13,520 --> 00:03:15,440 Speaker 3: Can you get a double cheeseburger for a dollar if 69 00:03:15,440 --> 00:03:18,040 Speaker 3: you buy one at full price? So that kind of 70 00:03:18,080 --> 00:03:20,840 Speaker 3: helped and it attracted people in. But what's interesting is 71 00:03:20,880 --> 00:03:24,120 Speaker 3: that they're saying fast food restaurants like McDonald like Taco Bell, 72 00:03:24,919 --> 00:03:28,160 Speaker 3: they're holding up better than the fast casual like a Chipotle, 73 00:03:28,360 --> 00:03:31,080 Speaker 3: or say like a Cava or a shake scheck or 74 00:03:31,120 --> 00:03:31,720 Speaker 3: things like that. 75 00:03:31,639 --> 00:03:34,080 Speaker 1: Interesting sauce dissue. I guess, yeah, I guess. 76 00:03:34,080 --> 00:03:36,160 Speaker 3: So they just said they they're having trouble getting that 77 00:03:36,200 --> 00:03:39,320 Speaker 3: younger audience, like Chipotle was all about the young audience, 78 00:03:39,360 --> 00:03:40,760 Speaker 3: like they got a lot of you know, the young 79 00:03:40,840 --> 00:03:42,280 Speaker 3: tech brogs with the vests, and you. 80 00:03:42,200 --> 00:03:46,600 Speaker 1: Know, there's been a backlash. There's Chipotle backlash though, yes, yes, yea, 81 00:03:46,840 --> 00:03:49,720 Speaker 1: even with my own Wednesday. So I'm going to Chipotle 82 00:03:49,800 --> 00:03:51,600 Speaker 1: on Third Avenue and sixty first. 83 00:03:51,440 --> 00:03:54,920 Speaker 4: Street, so it's not Taco Tuesday, it's Chipotle Wednesday exactly. 84 00:03:55,160 --> 00:03:56,680 Speaker 4: But if I were to go to McDonald's, i'd get 85 00:03:56,680 --> 00:03:59,480 Speaker 4: what I got since I'm like fourteen and number two 86 00:03:59,480 --> 00:04:00,080 Speaker 4: with a coke. 87 00:04:00,280 --> 00:04:04,560 Speaker 1: Okay see and Jesus. And it's awesome every single time 88 00:04:04,960 --> 00:04:06,080 Speaker 1: everywhere in the world you go. 89 00:04:06,360 --> 00:04:08,280 Speaker 3: And it's starting to get a little bit more affordable 90 00:04:08,280 --> 00:04:10,760 Speaker 3: because before that would cost a pretty penny, you know. 91 00:04:10,840 --> 00:04:13,520 Speaker 1: For that big one is the cost of beef has 92 00:04:13,560 --> 00:04:16,960 Speaker 1: gone crazy. Yes, so that's a real thing. Yeah, near 93 00:04:17,000 --> 00:04:18,520 Speaker 1: a record high. It's just not coming down. 94 00:04:18,640 --> 00:04:18,800 Speaker 4: Yep. 95 00:04:18,920 --> 00:04:24,000 Speaker 1: Again. My solution make more cows that easy. 96 00:04:24,680 --> 00:04:28,680 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 97 00:04:28,760 --> 00:04:31,359 Speaker 2: us throughout the day for the latest roundup of companies 98 00:04:31,400 --> 00:04:34,520 Speaker 2: making news on Wall Street and for the latest market 99 00:04:34,560 --> 00:04:39,000 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 100 00:04:39,120 --> 00:04:42,599 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 101 00:04:42,680 --> 00:04:44,159 Speaker 2: the Bloomberg Business app.