WEBVTT - Nvidia Rises, Bath & Body Works Slumps, Verizon Drops on Layoffs

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

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

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

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<v Speaker 2>Let's gidding look at some of the stocks on the

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<v Speaker 2>move today.

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<v Speaker 1>I'm all swinging alongside Scarlett Fuld.

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<v Speaker 2>We're joined by bloombergs. Isabelle, Lee, Isabelle.

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<v Speaker 1>What are you looking at? We have to look at

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<v Speaker 1>Nvidia shares are edging higher by almost four percent. They

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<v Speaker 1>delivered a surprising lister on revenue forecast and really just

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<v Speaker 1>pushed back on any idea that the AI industry may

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<v Speaker 1>be in a bubble. So this is a lot of

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<v Speaker 1>concerns and Nvidia has really become just a barometer of

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<v Speaker 1>AI health. I mean, I think that both of them

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<v Speaker 1>have become synonymous over time. So sales is expected to

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<v Speaker 1>be about sixty five billion in the January quarter. That's

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<v Speaker 1>three billion dollars higher than analysts expected. And Nvidia also

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<v Speaker 1>said that they have around half a trillion dollar revenue

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<v Speaker 1>bonanza in theocoming quarters, which is also even bigger than expected. THEFO.

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<v Speaker 1>The CFO went further on Wednesday and said that it

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<v Speaker 1>might even eclipse that target and of course, there are

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<v Speaker 1>also maybe headwinds in the horizon because they said that

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<v Speaker 1>the China is still going to be a problem. They

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<v Speaker 1>have largely locked and video out of their massive market,

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<v Speaker 1>and Yensen Huang said that our forecast for China is zero.

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<v Speaker 2>Right, but at least now they know that that's the

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<v Speaker 2>bigsline and there wasn't confusion about whether it's included or not.

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<v Speaker 1>There's certainty in the zero exactly NEXTOC, next office, kind

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<v Speaker 1>of sad Bath and bodyworks. It's down by twenty four percent.

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<v Speaker 1>This is the most since March twenty twenty, according to

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<v Speaker 1>since sins and the lowest since July twenty twenty. The

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<v Speaker 1>ticker is BBWI, so they cut there for your full

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<v Speaker 1>year outlook and the company said that week consumer sentiment

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<v Speaker 1>is hurting shopper's willingness to spend, and of course again

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<v Speaker 1>the tariff, which you haven't heard in a while, which

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<v Speaker 1>is impacting them. So the company announced a turnaround plan

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<v Speaker 1>to refocus some of their home products retailers on its

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<v Speaker 1>core business. So previously the strategy was more aligned to

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<v Speaker 1>drive incremental growth, but the new transformation plan is projected

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<v Speaker 1>to have around two hundred and fifty million dollars in

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<v Speaker 1>cost savings. So it lacks specifics, but one thing that

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<v Speaker 1>they say is they will exit some categories like men's

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<v Speaker 1>grooming and hair care. And I recently went to a

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<v Speaker 1>store actually near my home. Yes, and that was a

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<v Speaker 1>shop because I was buying some little gifts because I'm

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<v Speaker 1>going back to Asia tomorrow. And of course not they

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<v Speaker 1>have I Cleveland, Philippines, they have a men's stuff And

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<v Speaker 1>I know that was just new to me because remember

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<v Speaker 1>when I was in college or high school, which was

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<v Speaker 1>just a year ago. The perfume was a year ago.

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<v Speaker 1>High school was a year ago. They were big on

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<v Speaker 1>the perfect Do you remember that scarlett. Everyone was giving

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<v Speaker 1>each other the gifts in a plastic bottle. No, yes,

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<v Speaker 1>that's right, yeah, yeah, yeah, yeah, Okay. Anyway, I think sometimes.

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<v Speaker 2>It's a little too fragrant. It's like overload on the census.

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<v Speaker 1>Yeah, no, exactly, all right.

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<v Speaker 2>Uh.

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<v Speaker 1>Verizon Verizon tickers VZ shares are done by eight tens

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<v Speaker 1>of one percent. Again, it's a company wide layoff that

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<v Speaker 1>they announced. This will shrink the company by as much

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<v Speaker 1>as twenty percent of the non union workforce. So this

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<v Speaker 1>is worth noting because Verizon is the largest US carrier

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<v Speaker 1>in the US, and they gave notice that they will

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<v Speaker 1>begin cutting thirteen thousand employees. And it extends through every

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<v Speaker 1>level business, retail workers, customer service representatives, and senior executives.

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<v Speaker 1>So this was announced by CEO Dan Shalman, who was

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<v Speaker 1>lead independent director at Horizon, and he was named the

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<v Speaker 1>top job last month after two conservative consecutive quarters of

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<v Speaker 1>subscriber losses and lackluster ZOP performance. Anyway, he promised a simpler,

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<v Speaker 1>leaner and scrappier business. But I can imagine that it

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<v Speaker 1>must be bad for sentiment. I actually have a friend

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<v Speaker 1>who works there and she said that, you know, it

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<v Speaker 1>feels a tough morale. Yeah, that kind of environment.

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<v Speaker 2>But I'm a Verizon wireless subscriber.

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<v Speaker 1>I'm very happy with them. All right, Isabelle, thank you

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<v Speaker 1>so much. We appreciate that as well. Lee Cross as

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<v Speaker 1>a reporter Bloomberg News, and you're flying to where tomorrow, Philippines, Phift, Taiwan,

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<v Speaker 1>maybe fifteen hours. Good luck. You lose your mind after

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<v Speaker 1>ten hours. It doesn't make it. You have to watch

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<v Speaker 1>like three movies and take a really long nap and

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<v Speaker 1>then when you wake up it's still eight hours ago.

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<v Speaker 1>All right, Better you than me. I couldn't do that.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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