WEBVTT - Nvidia Rises, Intel Gains, AMD Up After KGI Upgrade

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

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some of the stocks on

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<v Speaker 1>the move today. I'm Pop Sweeny alongside Scarlett Food. Weren't

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<v Speaker 1>joined by Bloomberg's Christine. Christine, what are you looking at? Well, Paul,

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<v Speaker 1>Let's take a look at Nvidia this morning, green and

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<v Speaker 1>the screen. As you say, those shares among that and

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<v Speaker 1>tick her. NVDA shares up more than three point six

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<v Speaker 1>percent at the moment. It was actually in the news

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<v Speaker 1>today because Treasury Secretary Scott Bessen was on Fox Business

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<v Speaker 1>earlier this morning and he was asked whether there were

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<v Speaker 1>ever discussions of the US government taking a stake in Nvidia,

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<v Speaker 1>and he said that he was not part of any

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<v Speaker 1>such talks. He did say in Nvidia is the most

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<v Speaker 1>valuable company in the world with quote incredible management. So

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<v Speaker 1>seems like a little bit of the increase in stocks

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<v Speaker 1>this morning maybe a little bit speculative, but there go,

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<v Speaker 1>it's still enjoying some of those games. It also did

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<v Speaker 1>get a price target race at Mizuho from two hundred

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<v Speaker 1>twenty five or to two hundred twenty five from two

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<v Speaker 1>hundred and five previously, So that implies a twenty three

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<v Speaker 1>percent increase from its last price. And let's stay with

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<v Speaker 1>the chip maker theme, but move on to one that's

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<v Speaker 1>kind of missed out on the AI boom, and that's

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<v Speaker 1>an Intel. Yeah, absolutely, it's carlss So Intel shares ticker INTC.

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<v Speaker 1>Those aren't doing too badly. Actually they're a two point

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<v Speaker 1>three percent at the moment. But Bank of America analysts

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<v Speaker 1>are sounding the warning. They downgraded U stock to outperform

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<v Speaker 1>from neutral, saying that it has gone quote too far,

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<v Speaker 1>too fast, and that the company has really yet to

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<v Speaker 1>lay out a discernible AI strategy. According to the strategists,

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<v Speaker 1>they as to say that they fundamentally disagree strong words

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<v Speaker 1>there with the valuation of the company relying on the

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<v Speaker 1>sum of parts applied to Intel's product and foundry arms.

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<v Speaker 1>They think that it really should be related to the

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<v Speaker 1>company as a whole rather than some of it parts.

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<v Speaker 1>And they're also looking at a price target of thirty

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<v Speaker 1>four dollars from thirty six thirty seven clothes on Friday,

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<v Speaker 1>So that implies a six and a half percent draw.

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<v Speaker 2>Uh one more here, I'm guessing it's tech as well.

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<v Speaker 1>Tech as well. Let's round it up with AMD tick

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<v Speaker 1>her am D and those shares also in the green

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<v Speaker 1>up more than three point three percent at the moment,

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<v Speaker 1>and so it did get a couple of positive analyst actions.

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<v Speaker 1>It was raised to outperform from neutral at Kji Securities,

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<v Speaker 1>pressing the target at two hundred and sixty, which implies

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<v Speaker 1>a twenty one percent increase from the last prize. It

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<v Speaker 1>was also raised in terms of price target at Mizuho,

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<v Speaker 1>now looking at two hundred seventy five from two five,

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<v Speaker 1>and that is a twenty eight percent increase from its

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<v Speaker 1>last prize. And you know, AMD is still riding it

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<v Speaker 1>high from the last week's deal with open Ai.

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<v Speaker 2>The Stock Mover's Report from Bloomberg Radio. Check back with

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