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 1: Lisa Miteo, Time for stock movers. What do you got
Speaker 1: for us? Okay?
Speaker 3: I want to start with Advanced micro Devices AMD. Right,
Speaker 3: their series have been down as much as five percent.
Speaker 3: They're basically the main rival to Invidia in that AI
Speaker 3: chip market, and they really failed to impress investors with
Speaker 3: their revenue forecasts. Analysts had some issues with margins. The
Speaker 3: outlook investors, they were really betting heavy on the company.
Speaker 3: I mean, they did some big deals with open AI,
Speaker 3: with companies like Oracle, and they hope the hope is
Speaker 3: that they can finally get closer to Nvidia. The stock
Speaker 3: is more than double this year, so they're getting there.
Speaker 3: But the outlook show signs at AMD's payoff, Well, it
Speaker 3: might come a little bit slower than expected, and that's
Speaker 3: what investors didn't like. It's CEO started talking about it.
Speaker 3: She gave this projection to the market for AI processors
Speaker 3: ors would generate about more than five hundred billion dollars
Speaker 3: a year. But she said that the company they're going
Speaker 3: to give more detail details on their outlook. There's an
Speaker 3: investor meeting next week, so they're going to stay tuned
Speaker 3: for that.
Speaker 1: Yeah, I mean talk. That's a perfect example of price
Speaker 1: for perfection AMD. Right, it's just hard to live up
Speaker 1: to that bar.
Speaker 4: The stocks double this year, as Lisa said, that's two
Speaker 4: hundred billion dollars of new Oulderwell shouts there.
Speaker 1: The numbers are just it's outrageous. But I'm looking at
Speaker 1: pinterest pre market eighteen percent down eighteen percent.
Speaker 3: Yeah, pins pis is a ticker. So this is basically
Speaker 3: the platform where you go to find ideas. Right, Like
Speaker 3: I bought a new home. I want to know how
Speaker 3: to decorate it. I go to Pinterest and I do
Speaker 3: and I search there and I look for all these
Speaker 3: cool pictures. It's like a visual visual search engine.
Speaker 1: That's what they call it. It's eye candy, it is.
Speaker 3: Yes, I do it so I can find ideas and
Speaker 3: I don't have that creative ide to decorate, So that's
Speaker 3: where I go. But the problem is that their revenue
Speaker 3: projections fell short, right, And that's sign that they're advertising
Speaker 3: business is not growing as fast as expected, and the
Speaker 3: company makes almost all if it's revenue from advertising, so
Speaker 3: that's big for them. They even launched this thing called
Speaker 3: Pinterests Assistant. It's their first like AI power visual first
Speaker 3: collaborative for online shopping. I haven't tested into that yet.
Speaker 3: But another issue that the CFO point is two was tariffs.
Speaker 3: I mean they say tariffs are impacting the home furnishing
Speaker 3: category and that could have a you know impact on them,
Speaker 3: especially with the holiday you know quarter coming up too.
Speaker 3: So that's the issue for them because you know, if
Speaker 3: more hire more furniture is more expensive, people are not
Speaker 3: going to look and they're not going to want to
Speaker 3: go to pinterest to look for that furniture. So people
Speaker 3: are going to McDonald's but they are yes, yeah, it's
Speaker 3: a turnaround because they were waiting for this, right take
Speaker 3: her mcd. Their shares a been up about one percent,
Speaker 3: but they did have the faster than expected sales growth
Speaker 3: in the US in the last quarter. They had comparable sales.
Speaker 3: US store sales increased two point four percent in the
Speaker 3: third quarter. The thing that really helped them out with
Speaker 3: these new deals and promotions, they were trying to get
Speaker 3: people back, you know, to this affordable option for meals.
Speaker 3: So they did things like they cut the price of
Speaker 3: certain combo meals. They offered this buy one, get one
Speaker 3: for a dollar items for like sausage biscuits and double cheeseburgers.
Speaker 3: Can you get a double cheeseburger for a dollar if
Speaker 3: you buy one at full price? So that kind of
Speaker 3: helped and it attracted people in. But what's interesting is
Speaker 3: that they're saying fast food restaurants like McDonald like Taco Bell,
Speaker 3: they're holding up better than the fast casual like a Chipotle,
Speaker 3: or say like a Cava or a shake scheck or
Speaker 3: things like that.
Speaker 1: Interesting sauce dissue. I guess, yeah, I guess.
Speaker 3: So they just said they they're having trouble getting that
Speaker 3: younger audience, like Chipotle was all about the young audience,
Speaker 3: like they got a lot of you know, the young
Speaker 3: tech brogs with the vests, and you.
Speaker 1: Know, there's been a backlash. There's Chipotle backlash though, yes, yes, yea,
Speaker 1: even with my own Wednesday. So I'm going to Chipotle
Speaker 1: on Third Avenue and sixty first.
Speaker 4: Street, so it's not Taco Tuesday, it's Chipotle Wednesday exactly.
Speaker 4: But if I were to go to McDonald's, i'd get
Speaker 4: what I got since I'm like fourteen and number two
Speaker 4: with a coke.
Speaker 1: Okay see and Jesus. And it's awesome every single time
Speaker 1: everywhere in the world you go.
Speaker 3: And it's starting to get a little bit more affordable
Speaker 3: because before that would cost a pretty penny, you know.
Speaker 1: For that big one is the cost of beef has
Speaker 1: gone crazy. Yes, so that's a real thing. Yeah, near
Speaker 1: a record high. It's just not coming down.
Speaker 4: Yep.
Speaker 1: Again. My solution make more cows that easy.
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