1 00:00:00,080 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market 3 00:00:13,680 --> 00:00:15,840 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,480 --> 00:00:18,640 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:18,880 --> 00:00:22,560 Speaker 2: I'm Tom Keene with David Gura and Bloomberg's John Tucker. 6 00:00:22,640 --> 00:00:25,400 Speaker 3: All Right, you got to start with Oracle. You know, 7 00:00:25,480 --> 00:00:29,160 Speaker 3: we knew this as the database software company, but they're 8 00:00:29,240 --> 00:00:34,279 Speaker 3: finding more and more successive in the cloud with you know, 9 00:00:34,520 --> 00:00:38,839 Speaker 3: you married that up with AI. Oracle shares storage to 10 00:00:38,880 --> 00:00:41,360 Speaker 3: a record, the company delivering an aggressive outlook for the 11 00:00:41,400 --> 00:00:44,520 Speaker 3: cloud business. It kind of took a lot of people 12 00:00:44,560 --> 00:00:47,760 Speaker 3: on Wall Street, took them up back, stunned them. In fact, 13 00:00:48,280 --> 00:00:52,680 Speaker 3: this is galvanizing hopes that the post chat GPT global 14 00:00:52,720 --> 00:00:56,560 Speaker 3: AI infrastructure build is accelerating. The company on track to 15 00:00:56,560 --> 00:01:00,360 Speaker 3: add about two hundred billion dollars to its market value. 16 00:01:00,040 --> 00:01:04,080 Speaker 3: You Oracle forecasts among the highlights the need for global 17 00:01:04,080 --> 00:01:09,760 Speaker 3: AI developers to keep accelerating their investments. Open Ai one 18 00:01:09,800 --> 00:01:13,200 Speaker 3: of its customers. They alone estimate it's going to require 19 00:01:13,680 --> 00:01:17,319 Speaker 3: trillions with a t of dollars over time to spend 20 00:01:17,360 --> 00:01:20,200 Speaker 3: on the infrastructure required to develop and run it services 21 00:01:20,640 --> 00:01:23,840 Speaker 3: Oracle of course, emerging as maybe a key provider of 22 00:01:23,840 --> 00:01:28,560 Speaker 3: such computing capacity. They're competing against the cloud leaders like Amazon, 23 00:01:28,640 --> 00:01:30,360 Speaker 3: Microsoft and Google. 24 00:01:30,560 --> 00:01:34,520 Speaker 2: Let's be clearer, this is not up five percent or 25 00:01:34,640 --> 00:01:37,880 Speaker 2: up ten percent, John, this is up am I right 26 00:01:38,040 --> 00:01:40,600 Speaker 2: up thirty eight percent is the market indication. 27 00:01:40,800 --> 00:01:44,440 Speaker 3: At least it was in the pre market. So that 28 00:01:44,680 --> 00:01:48,840 Speaker 3: would let me see carry the three two that would 29 00:01:48,840 --> 00:01:52,720 Speaker 3: add two hundred billion dollars to its market capitalization. 30 00:01:52,880 --> 00:01:55,800 Speaker 4: But the question is can it continue? Can it continue? 31 00:01:55,840 --> 00:01:56,840 Speaker 4: Will they be able to do it well? 32 00:01:56,880 --> 00:02:00,640 Speaker 3: The customers say, trillions of dollars of spend they need. 33 00:02:00,800 --> 00:02:04,640 Speaker 2: How often do we have a repricing of a two 34 00:02:04,760 --> 00:02:10,280 Speaker 2: point eight trillion dollar market cap? I've never seen this? 35 00:02:10,720 --> 00:02:14,400 Speaker 3: And then it means that Larry is getting richer and 36 00:02:14,520 --> 00:02:18,880 Speaker 3: Richard almost catching up to Elon Mosqez, the world's rich. 37 00:02:19,120 --> 00:02:21,160 Speaker 2: Honest, you can say, I've never seen this. Next, what 38 00:02:21,240 --> 00:02:21,600 Speaker 2: do you got? 39 00:02:22,280 --> 00:02:26,400 Speaker 3: Let's do the weight loss drugs. Novo Nordisk cutting nine 40 00:02:26,480 --> 00:02:30,680 Speaker 3: thousand jobs globally, slashing the profit forecast for the third 41 00:02:30,720 --> 00:02:33,480 Speaker 3: time this year. They're trying to make up for lost 42 00:02:33,520 --> 00:02:36,680 Speaker 3: ground because Eli Lilly, I guess is so much more 43 00:02:36,800 --> 00:02:40,480 Speaker 3: efficient in the obesity drug market. So the maker of 44 00:02:40,480 --> 00:02:43,160 Speaker 3: ozempic and we go be saying it's going to save 45 00:02:43,280 --> 00:02:46,680 Speaker 3: one point three billion dollars by the end of next year, 46 00:02:46,960 --> 00:02:48,680 Speaker 3: and they're going to plow the money back into new 47 00:02:48,760 --> 00:02:54,040 Speaker 3: drug development. They were the most valuable company in Europe 48 00:02:54,120 --> 00:02:57,280 Speaker 3: because of the surgeon demand for weight loss treatments, but 49 00:02:57,400 --> 00:03:01,840 Speaker 3: company pioneering the market for weight loss drugs like ozempic 50 00:03:02,720 --> 00:03:05,720 Speaker 3: and we govi, its fortunes kind of started to shift 51 00:03:05,800 --> 00:03:11,320 Speaker 3: last year when an even stronger experimental shot fell short 52 00:03:11,320 --> 00:03:13,720 Speaker 3: of the weight loss promises. 53 00:03:13,960 --> 00:03:16,080 Speaker 2: John Tucker and I turned to David Girl, Have you 54 00:03:16,160 --> 00:03:16,480 Speaker 2: done this? 55 00:03:16,600 --> 00:03:18,840 Speaker 4: David, have you done that? If I've done a GLP one, No, 56 00:03:19,000 --> 00:03:21,799 Speaker 4: I have not. I have non. Now I feel sad 57 00:03:21,800 --> 00:03:24,680 Speaker 4: that you've brought that up all of the working out there. 58 00:03:24,880 --> 00:03:33,320 Speaker 3: Next ticker symbol SNPs synopsis the electronic design automation firm 59 00:03:33,360 --> 00:03:36,360 Speaker 3: badly missing the street targets for its fiscal third quarter, 60 00:03:36,760 --> 00:03:39,280 Speaker 3: and they also offered what I'm going to call some 61 00:03:39,400 --> 00:03:43,640 Speaker 3: mixed guidance. They're based in Sunnyvale, California, earning an adjusted 62 00:03:43,680 --> 00:03:46,720 Speaker 3: three point thirty nine A share on sales of one 63 00:03:47,040 --> 00:03:49,720 Speaker 3: and three quarter billion dollars in the quarter just ended. 64 00:03:50,000 --> 00:03:53,760 Speaker 3: They were that export restrictions are contributing to a slowdown 65 00:03:54,240 --> 00:03:58,839 Speaker 3: in China, which of course is the largest market for semiconductors. 66 00:03:58,880 --> 00:04:01,720 Speaker 3: The CEOs is a a push to develop its own 67 00:04:01,760 --> 00:04:07,800 Speaker 3: intellectual property is not achieving the desired results for the company. 68 00:04:09,280 --> 00:04:13,520 Speaker 1: The Stockmover's report from Bloomberg Radio. 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