1 00:00:02,520 --> 00:00:07,360 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 00:00:16,600 --> 00:00:18,720 Speaker 3: I'm Carol Messer along with Tim Stanvik. Let's get to 5 00:00:18,760 --> 00:00:21,400 Speaker 3: you some stocks on the move this hour. And joining 6 00:00:21,480 --> 00:00:24,040 Speaker 3: us to do that is Bloomberg News Equities reporter and 7 00:00:24,079 --> 00:00:26,520 Speaker 3: deputy team leader for US Equities Carmen Rhin in case 8 00:00:26,560 --> 00:00:29,600 Speaker 3: she's in the house. We talked about what's going on 9 00:00:29,720 --> 00:00:33,360 Speaker 3: in the overall markets, but one stock really under pressure 10 00:00:33,440 --> 00:00:34,360 Speaker 3: is AMD today. 11 00:00:34,520 --> 00:00:37,240 Speaker 4: Yeah, and shares are off about sixteen percent right now. 12 00:00:37,280 --> 00:00:41,000 Speaker 4: This is on track to close at the lowest level 13 00:00:41,040 --> 00:00:43,240 Speaker 4: since well just January ninth, but to have the worst 14 00:00:43,320 --> 00:00:46,440 Speaker 4: day since May twenty seventeen. So a really significant job 15 00:00:46,479 --> 00:00:50,400 Speaker 4: here for AMD. So basically the company gave an underwhelming 16 00:00:50,479 --> 00:00:54,040 Speaker 4: sales forecast and that really increased concerns that investors have 17 00:00:54,080 --> 00:00:56,560 Speaker 4: had that is just not making enough progress on AI, 18 00:00:56,840 --> 00:00:59,400 Speaker 4: that it's not capturing enough of the billions of dollars 19 00:00:59,680 --> 00:01:03,000 Speaker 4: of capital expenditures that like hyperscalers have pledged to building 20 00:01:03,040 --> 00:01:05,360 Speaker 4: out AI infrastructure. I think the other thing that's really 21 00:01:05,400 --> 00:01:08,920 Speaker 4: important to point out here is that their forecast. So 22 00:01:08,959 --> 00:01:11,280 Speaker 4: they said first quarter sales would be about nine point 23 00:01:11,319 --> 00:01:14,280 Speaker 4: eight billion plus or minus three hundred million. That actually 24 00:01:14,400 --> 00:01:17,679 Speaker 4: was a little bit higher than the average analyst estimate. 25 00:01:17,840 --> 00:01:20,160 Speaker 4: I think she really goes to show how much the 26 00:01:20,480 --> 00:01:24,440 Speaker 4: beat and raise is important, but also beats need to 27 00:01:24,440 --> 00:01:28,520 Speaker 4: be very considerable. Investors are so quick to punish the 28 00:01:28,560 --> 00:01:31,720 Speaker 4: shares of companies that aren't like blowing expectations out. 29 00:01:31,560 --> 00:01:34,759 Speaker 1: Of the water. And the stock in twenty twenty five 30 00:01:34,840 --> 00:01:39,720 Speaker 1: was up seventy seven percent, down eighteen percent the year before, 31 00:01:39,760 --> 00:01:41,840 Speaker 1: but still, I mean, it's if you look at the 32 00:01:41,880 --> 00:01:44,520 Speaker 1: last few years this has been on just Iran, Yeah. 33 00:01:44,560 --> 00:01:46,000 Speaker 4: Huge beneficiary of AI. 34 00:01:46,200 --> 00:01:49,920 Speaker 3: Yeah, and was thirteen percent higher already in twenty twenty 35 00:01:49,960 --> 00:01:53,640 Speaker 3: six before this release. So exactly, you're right, Like, I mean, 36 00:01:53,680 --> 00:01:57,480 Speaker 3: the expectations are pretty high. All really listed in the 37 00:01:57,480 --> 00:02:00,600 Speaker 3: tech space. This was one we were waiting for earnings 38 00:02:00,680 --> 00:02:03,880 Speaker 3: last night. They came in late. Super micro Computer Yeah, 39 00:02:03,920 --> 00:02:05,040 Speaker 3: so SMCI is. 40 00:02:05,000 --> 00:02:07,320 Speaker 4: Really you know, taiale of two AI stocks. Right, So 41 00:02:07,400 --> 00:02:11,120 Speaker 4: shares are up thirteen percent right now, best day on 42 00:02:11,200 --> 00:02:13,239 Speaker 4: track for the best day since May twenty twenty five. 43 00:02:13,440 --> 00:02:15,359 Speaker 4: And really what we're seeing here is just the opposite 44 00:02:15,400 --> 00:02:18,400 Speaker 4: of AMD. You know, they gave a forecast that you know, 45 00:02:18,440 --> 00:02:20,840 Speaker 4: said they're doing well. They see more demand for AI, 46 00:02:21,040 --> 00:02:25,040 Speaker 4: especially as a maker of servers that house chips that 47 00:02:25,120 --> 00:02:28,880 Speaker 4: run these AI workloads. So investors really bidding shares up here. 48 00:02:28,919 --> 00:02:31,240 Speaker 4: I mean important to point out that the stock you know, 49 00:02:31,840 --> 00:02:35,000 Speaker 4: fell it's just been super valid all you know, up down. 50 00:02:35,480 --> 00:02:37,600 Speaker 4: If you look at the chart from last year, is 51 00:02:37,600 --> 00:02:40,560 Speaker 4: really all over the place, so well off highs. 52 00:02:40,760 --> 00:02:42,560 Speaker 3: I was going to say, check out our podcast because 53 00:02:42,560 --> 00:02:44,120 Speaker 3: I feel like we get schooled by our in a 54 00:02:44,160 --> 00:02:46,840 Speaker 3: good way, our Bloomberg intelligence folks who are like, here's 55 00:02:46,880 --> 00:02:49,359 Speaker 3: what this company does, and here's what the AI trade. 56 00:02:49,360 --> 00:02:51,720 Speaker 3: Because it's not all the same. It's not all maybe 57 00:02:51,720 --> 00:02:54,880 Speaker 3: the hyperscaler trade or play, but it's just kind of 58 00:02:55,120 --> 00:02:57,280 Speaker 3: the distinctions are important and you're seeing that play out, 59 00:02:57,600 --> 00:03:00,880 Speaker 3: and certainly the earnings really results in the action and 60 00:03:00,960 --> 00:03:02,400 Speaker 3: just kind of the overall AI trade. 61 00:03:02,480 --> 00:03:04,280 Speaker 1: So every company that you've given us thus far, every 62 00:03:04,320 --> 00:03:06,200 Speaker 1: stock you give us has been a double digit movie, 63 00:03:06,200 --> 00:03:09,000 Speaker 1: either to the upside or the downside. Same with our 64 00:03:09,000 --> 00:03:09,399 Speaker 1: next one. 65 00:03:09,520 --> 00:03:11,680 Speaker 4: I mean, yeah, let's take a look and another you know, 66 00:03:11,720 --> 00:03:13,800 Speaker 4: piece of the AI puzzle so we're looking at app 67 00:03:13,880 --> 00:03:18,080 Speaker 4: loven it's down fifteen percent right now. Also Unity Software, 68 00:03:18,080 --> 00:03:19,800 Speaker 4: so this is actually off lows of the day. It 69 00:03:19,840 --> 00:03:22,840 Speaker 4: was down about twelve percent. Now it's only two point 70 00:03:22,840 --> 00:03:25,160 Speaker 4: three percent lower, so a little bit of an uptick 71 00:03:25,240 --> 00:03:27,880 Speaker 4: there for them. So both of these companies have really 72 00:03:27,919 --> 00:03:30,960 Speaker 4: gotten caught in the software related sell off that we've seen, 73 00:03:31,240 --> 00:03:33,760 Speaker 4: you know, after Anthropic is really some new tools, it's 74 00:03:33,840 --> 00:03:36,360 Speaker 4: really just taken the air out of the tires and 75 00:03:36,440 --> 00:03:40,080 Speaker 4: software sector which was already under pressure. Sort of specifically 76 00:03:40,160 --> 00:03:43,080 Speaker 4: here there was a report from ad Exchanger about a 77 00:03:43,200 --> 00:03:47,720 Speaker 4: startup cloud using AI agents focusing on mobile ad monetizations 78 00:03:47,760 --> 00:03:51,240 Speaker 4: that very specifically hits app Lovin, and the stock was 79 00:03:51,280 --> 00:03:55,400 Speaker 4: actually also hit last week after Alphabet rolled out Project Genie, 80 00:03:55,440 --> 00:03:58,720 Speaker 4: which hit other video games sort of related stocks as well. 81 00:04:00,200 --> 00:04:04,400 Speaker 2: This stockmover's report from Bloomberg Radio. 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