1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,520 --> 00:00:12,440 Speaker 2: This Stock Movers report, your roundup of companies making moves 3 00:00:12,440 --> 00:00:16,160 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,360 --> 00:00:18,200 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,200 --> 00:00:22,280 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis. One stock 6 00:00:22,360 --> 00:00:25,320 Speaker 1: making a move this morning, Dan is At and T 7 00:00:25,440 --> 00:00:27,960 Speaker 1: saw a headline about them making a big investment in 8 00:00:28,000 --> 00:00:28,520 Speaker 1: the US. 9 00:00:28,600 --> 00:00:31,400 Speaker 3: Good morning, Good morning, Nathan. That's right. AT and T 10 00:00:31,400 --> 00:00:34,440 Speaker 3: ticker T is down about three tens of a percent 11 00:00:34,440 --> 00:00:36,320 Speaker 3: in the pre market right now. That's as the company 12 00:00:36,360 --> 00:00:38,920 Speaker 3: announced it will spend over two hundred and fifty billion 13 00:00:38,960 --> 00:00:42,040 Speaker 3: dollars in the next five years to build out US connectivity. 14 00:00:42,320 --> 00:00:45,279 Speaker 3: That money we spent on accelerating deployment of five or 15 00:00:45,280 --> 00:00:49,160 Speaker 3: five G home internet, wireless and satellite communications. It also 16 00:00:49,200 --> 00:00:52,880 Speaker 3: said it's hiring thousands of technicians this year alone. There 17 00:00:53,000 --> 00:00:56,440 Speaker 3: is a winner from this deal, stock Ast Space Mobile 18 00:00:56,480 --> 00:00:59,680 Speaker 3: ticker ASTs is up. That's because as part of this 19 00:00:59,720 --> 00:01:02,640 Speaker 3: collect oberation, AT and T will use a s T 20 00:01:02,800 --> 00:01:06,440 Speaker 3: Space mobile and it's and it's already established partnership to 21 00:01:06,520 --> 00:01:08,160 Speaker 3: extend coverage in remote areas. 22 00:01:08,880 --> 00:01:12,720 Speaker 1: All right, Well, that's interesting. Note there another stock making 23 00:01:12,840 --> 00:01:15,840 Speaker 1: move after earnings, HP Enterprise. 24 00:01:16,640 --> 00:01:20,720 Speaker 3: That's right, HPE. Uh. Those shares are up nearly two 25 00:01:20,760 --> 00:01:24,040 Speaker 3: percent in pre market. That's after fiscal first quarter earnings 26 00:01:24,040 --> 00:01:28,000 Speaker 3: beat despite a slight sales miss. Sales estimates for both 27 00:01:28,000 --> 00:01:30,040 Speaker 3: the current quarter and the rest of the fiscal year 28 00:01:30,120 --> 00:01:34,480 Speaker 3: were stronger than Wall Street had expected. HPE is getting 29 00:01:34,480 --> 00:01:37,080 Speaker 3: a boost from demand for its networking products that's driven 30 00:01:37,160 --> 00:01:41,000 Speaker 3: by the AI demand boom. The company has been navigating 31 00:01:41,040 --> 00:01:43,720 Speaker 3: memory chip shortage. This is a big theme in markets 32 00:01:43,760 --> 00:01:47,680 Speaker 3: right now, so HP says it's raised prices between when 33 00:01:47,680 --> 00:01:50,920 Speaker 3: it provides quotes and ships products, and the CEO said 34 00:01:50,920 --> 00:01:53,720 Speaker 3: in an interview it's not done raising prices yet as 35 00:01:53,760 --> 00:01:57,080 Speaker 3: the company sees the memory chip shortage extending into next year. 36 00:01:57,400 --> 00:02:00,680 Speaker 1: Well, speaking of memory chips, we also heard from Taiwan Semiconductor. 37 00:02:00,680 --> 00:02:01,480 Speaker 2: How's that stuck doing? 38 00:02:02,040 --> 00:02:05,040 Speaker 3: Yeah, the ADRs are down, are up about seven tenths 39 00:02:05,120 --> 00:02:08,080 Speaker 3: of a percent under tick our TSM in the pre market. 40 00:02:08,160 --> 00:02:10,880 Speaker 3: The company came out with combined January and February sales 41 00:02:10,919 --> 00:02:13,839 Speaker 3: growth of about thirty percent. February was softer of the two, 42 00:02:13,880 --> 00:02:16,320 Speaker 3: with the growth effect by lunar new year's just kind 43 00:02:16,320 --> 00:02:19,200 Speaker 3: of a calendar adjustment. Estimates for the total quarter is 44 00:02:19,320 --> 00:02:23,280 Speaker 3: about thirty three percent growth, so that's about on track. 45 00:02:23,720 --> 00:02:26,520 Speaker 3: Those shares have been coming in. This is a sign 46 00:02:26,520 --> 00:02:29,720 Speaker 3: of continued AI spending and the results are of course 47 00:02:29,720 --> 00:02:31,560 Speaker 3: for the period right before the irm strike. So there 48 00:02:31,639 --> 00:02:34,240 Speaker 3: is a question mark that remains how geopolitical turbulence is 49 00:02:34,280 --> 00:02:35,880 Speaker 3: going to affect the AI sphere. 50 00:02:36,040 --> 00:02:37,720 Speaker 1: And we're still waiting for one of the big earning 51 00:02:37,800 --> 00:02:41,000 Speaker 1: stories of the week that's coming after the close from Oracle. 52 00:02:41,560 --> 00:02:44,720 Speaker 3: That's right, fiscal third quarter earnings out after the close today. 53 00:02:44,840 --> 00:02:47,880 Speaker 3: T ORCL is up about one point seven percent in 54 00:02:47,919 --> 00:02:50,760 Speaker 3: pre market Right now. Wall Street really watching the cloud 55 00:02:50,800 --> 00:02:53,440 Speaker 3: infrastructure sales. Those are estimated to be four point seven 56 00:02:53,480 --> 00:02:56,160 Speaker 3: billion dollars, nearly eighty percent higher than the previous quarter. 57 00:02:56,560 --> 00:02:59,160 Speaker 3: That is a measure of how they can convert cloud 58 00:02:59,200 --> 00:03:03,720 Speaker 3: bookings customers like open Ai into revenue. Also closely watch 59 00:03:03,800 --> 00:03:06,600 Speaker 3: any guidance on capex. Last month, Oracle said it would 60 00:03:06,639 --> 00:03:09,360 Speaker 3: raised up to fifty billion dollars. That's spend up to 61 00:03:09,400 --> 00:03:11,959 Speaker 3: fifty billion dollars this year. CAPEX for the quarter is 62 00:03:12,200 --> 00:03:16,480 Speaker 3: es maybe fourteen billion dollars. That is about eighty percent 63 00:03:16,639 --> 00:03:19,960 Speaker 3: of the es made revenue overall, a cash outflow of 64 00:03:19,960 --> 00:03:22,120 Speaker 3: seven billion dollars as it really spends big on the 65 00:03:22,160 --> 00:03:23,119 Speaker 3: AI trade. 66 00:03:23,560 --> 00:03:27,600 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 67 00:03:27,680 --> 00:03:30,239 Speaker 2: us throughout the day for the latest roundup of companies 68 00:03:30,320 --> 00:03:33,440 Speaker 2: making news on Wall Street and for the latest market 69 00:03:33,440 --> 00:03:37,920 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:38,000 --> 00:03:41,520 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 71 00:03:41,600 --> 00:03:43,080 Speaker 2: the Bloomberg Business app.