Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 2: Let's gidding look at some of the stocks on the
Speaker 2: move today.
Speaker 1: I'm all swinging alongside Scarlett Fuld.
Speaker 2: We're joined by bloombergs. Isabelle, Lee, Isabelle.
Speaker 1: What are you looking at? We have to look at
Speaker 1: Nvidia shares are edging higher by almost four percent. They
Speaker 1: delivered a surprising lister on revenue forecast and really just
Speaker 1: pushed back on any idea that the AI industry may
Speaker 1: be in a bubble. So this is a lot of
Speaker 1: concerns and Nvidia has really become just a barometer of
Speaker 1: AI health. I mean, I think that both of them
Speaker 1: have become synonymous over time. So sales is expected to
Speaker 1: be about sixty five billion in the January quarter. That's
Speaker 1: three billion dollars higher than analysts expected. And Nvidia also
Speaker 1: said that they have around half a trillion dollar revenue
Speaker 1: bonanza in theocoming quarters, which is also even bigger than expected. THEFO.
Speaker 1: The CFO went further on Wednesday and said that it
Speaker 1: might even eclipse that target and of course, there are
Speaker 1: also maybe headwinds in the horizon because they said that
Speaker 1: the China is still going to be a problem. They
Speaker 1: have largely locked and video out of their massive market,
Speaker 1: and Yensen Huang said that our forecast for China is zero.
Speaker 2: Right, but at least now they know that that's the
Speaker 2: bigsline and there wasn't confusion about whether it's included or not.
Speaker 1: There's certainty in the zero exactly NEXTOC, next office, kind
Speaker 1: of sad Bath and bodyworks. It's down by twenty four percent.
Speaker 1: This is the most since March twenty twenty, according to
Speaker 1: since sins and the lowest since July twenty twenty. The
Speaker 1: ticker is BBWI, so they cut there for your full
Speaker 1: year outlook and the company said that week consumer sentiment
Speaker 1: is hurting shopper's willingness to spend, and of course again
Speaker 1: the tariff, which you haven't heard in a while, which
Speaker 1: is impacting them. So the company announced a turnaround plan
Speaker 1: to refocus some of their home products retailers on its
Speaker 1: core business. So previously the strategy was more aligned to
Speaker 1: drive incremental growth, but the new transformation plan is projected
Speaker 1: to have around two hundred and fifty million dollars in
Speaker 1: cost savings. So it lacks specifics, but one thing that
Speaker 1: they say is they will exit some categories like men's
Speaker 1: grooming and hair care. And I recently went to a
Speaker 1: store actually near my home. Yes, and that was a
Speaker 1: shop because I was buying some little gifts because I'm
Speaker 1: going back to Asia tomorrow. And of course not they
Speaker 1: have I Cleveland, Philippines, they have a men's stuff And
Speaker 1: I know that was just new to me because remember
Speaker 1: when I was in college or high school, which was
Speaker 1: just a year ago. The perfume was a year ago.
Speaker 1: High school was a year ago. They were big on
Speaker 1: the perfect Do you remember that scarlett. Everyone was giving
Speaker 1: each other the gifts in a plastic bottle. No, yes,
Speaker 1: that's right, yeah, yeah, yeah, yeah, Okay. Anyway, I think sometimes.
Speaker 2: It's a little too fragrant. It's like overload on the census.
Speaker 1: Yeah, no, exactly, all right.
Speaker 2: Uh.
Speaker 1: Verizon Verizon tickers VZ shares are done by eight tens
Speaker 1: of one percent. Again, it's a company wide layoff that
Speaker 1: they announced. This will shrink the company by as much
Speaker 1: as twenty percent of the non union workforce. So this
Speaker 1: is worth noting because Verizon is the largest US carrier
Speaker 1: in the US, and they gave notice that they will
Speaker 1: begin cutting thirteen thousand employees. And it extends through every
Speaker 1: level business, retail workers, customer service representatives, and senior executives.
Speaker 1: So this was announced by CEO Dan Shalman, who was
Speaker 1: lead independent director at Horizon, and he was named the
Speaker 1: top job last month after two conservative consecutive quarters of
Speaker 1: subscriber losses and lackluster ZOP performance. Anyway, he promised a simpler,
Speaker 1: leaner and scrappier business. But I can imagine that it
Speaker 1: must be bad for sentiment. I actually have a friend
Speaker 1: who works there and she said that, you know, it
Speaker 1: feels a tough morale. Yeah, that kind of environment.
Speaker 2: But I'm a Verizon wireless subscriber.
Speaker 1: I'm very happy with them. All right, Isabelle, thank you
Speaker 1: so much. We appreciate that as well. Lee Cross as
Speaker 1: a reporter Bloomberg News, and you're flying to where tomorrow, Philippines, Phift, Taiwan,
Speaker 1: maybe fifteen hours. Good luck. You lose your mind after
Speaker 1: ten hours. It doesn't make it. You have to watch
Speaker 1: like three movies and take a really long nap and
Speaker 1: then when you wake up it's still eight hours ago.
Speaker 1: All right, Better you than me. I couldn't do that.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout out today for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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