Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some of the stocks on
Speaker 1: the move today. I'm Pop Sweeny alongside Scarlett Food. Weren't
Speaker 1: joined by Bloomberg's Christine. Christine, what are you looking at? Well, Paul,
Speaker 1: Let's take a look at Nvidia this morning, green and
Speaker 1: the screen. As you say, those shares among that and
Speaker 1: tick her. NVDA shares up more than three point six
Speaker 1: percent at the moment. It was actually in the news
Speaker 1: today because Treasury Secretary Scott Bessen was on Fox Business
Speaker 1: earlier this morning and he was asked whether there were
Speaker 1: ever discussions of the US government taking a stake in Nvidia,
Speaker 1: and he said that he was not part of any
Speaker 1: such talks. He did say in Nvidia is the most
Speaker 1: valuable company in the world with quote incredible management. So
Speaker 1: seems like a little bit of the increase in stocks
Speaker 1: this morning maybe a little bit speculative, but there go,
Speaker 1: it's still enjoying some of those games. It also did
Speaker 1: get a price target race at Mizuho from two hundred
Speaker 1: twenty five or to two hundred twenty five from two
Speaker 1: hundred and five previously, So that implies a twenty three
Speaker 1: percent increase from its last price. And let's stay with
Speaker 1: the chip maker theme, but move on to one that's
Speaker 1: kind of missed out on the AI boom, and that's
Speaker 1: an Intel. Yeah, absolutely, it's carlss So Intel shares ticker INTC.
Speaker 1: Those aren't doing too badly. Actually they're a two point
Speaker 1: three percent at the moment. But Bank of America analysts
Speaker 1: are sounding the warning. They downgraded U stock to outperform
Speaker 1: from neutral, saying that it has gone quote too far,
Speaker 1: too fast, and that the company has really yet to
Speaker 1: lay out a discernible AI strategy. According to the strategists,
Speaker 1: they as to say that they fundamentally disagree strong words
Speaker 1: there with the valuation of the company relying on the
Speaker 1: sum of parts applied to Intel's product and foundry arms.
Speaker 1: They think that it really should be related to the
Speaker 1: company as a whole rather than some of it parts.
Speaker 1: And they're also looking at a price target of thirty
Speaker 1: four dollars from thirty six thirty seven clothes on Friday,
Speaker 1: So that implies a six and a half percent draw.
Speaker 2: Uh one more here, I'm guessing it's tech as well.
Speaker 1: Tech as well. Let's round it up with AMD tick
Speaker 1: her am D and those shares also in the green
Speaker 1: up more than three point three percent at the moment,
Speaker 1: and so it did get a couple of positive analyst actions.
Speaker 1: It was raised to outperform from neutral at Kji Securities,
Speaker 1: pressing the target at two hundred and sixty, which implies
Speaker 1: a twenty one percent increase from the last prize. It
Speaker 1: was also raised in terms of price target at Mizuho,
Speaker 1: now looking at two hundred seventy five from two five,
Speaker 1: and that is a twenty eight percent increase from its
Speaker 1: last prize. And you know, AMD is still riding it
Speaker 1: high from the last week's deal with open Ai.
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