WEBVTT - Palantir Lifts, On Semiconductor Mixed, Snap Rises

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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 1>I'm Carol Masser along Victim Savik.

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<v Speaker 3>Let's get to Bailly Lipschaltz, his equities reporter here at

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<v Speaker 3>Bloomberg News.

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<v Speaker 1>He's kind enough to talk about some stocks on the movie.

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<v Speaker 1>You actually had a lot to choose in terms of

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<v Speaker 1>after hours.

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<v Speaker 3>After Hours is finally. Honestly, when it's not earning season

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<v Speaker 3>half the time, it's kind of like cool, Tim, I

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<v Speaker 3>guess this one company no one's ever heard of is

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<v Speaker 3>a four percent But companies you might have heard of

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<v Speaker 3>reporting earnings none other than Pounteer ticker pltr Alex Karp

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<v Speaker 3>saying that the second quarter was staggering otherworldly. Commercial sales

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<v Speaker 3>rose one hundred and forty nine percent from a year earlier,

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<v Speaker 3>so beating expectations. Raising guidance for the full year, they

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<v Speaker 3>expect adjusted income from operations four point eight nine to

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<v Speaker 3>four point nine to one billion, at the top end

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<v Speaker 3>of the previous ranger was four point four or five

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<v Speaker 3>billion dollars. The stock up fourteen percent postmarket. Wow it's

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<v Speaker 3>down almost thirty percent year to date. Yeah, that's the

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<v Speaker 3>one thing. Expectations kind of evan flow. This is the

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<v Speaker 3>company that if you, if you kind of pulled the

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<v Speaker 3>newsroom honestly and said, don't pull up a chart, where's

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<v Speaker 3>Palenteer Trading, probably would guess all time highs? Yeah, not

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<v Speaker 3>the case, right exactly. It's like I think, isn't it

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<v Speaker 3>down almost forty percent from like a high last year?

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<v Speaker 1>Sometime I thought it's yeah, it's exactly right, it's down

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<v Speaker 1>forty percent, yeah, high November of twenty twenty five. Yeah,

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<v Speaker 1>but it's still I mean, this stock is up even that, Carol, Yeah,

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<v Speaker 1>this stock is still up from let's say the beginning

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<v Speaker 1>of twenty twenty four, let's let's start there, six hundred

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<v Speaker 1>and eighty six percent.

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<v Speaker 3>Yeah, not too shabby, all right, bad if you if

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<v Speaker 3>you bought in hell. But yeah, so that's a and

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<v Speaker 3>again that's a three hundred and one billion dollar before

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<v Speaker 3>today's move, after our after hours move, three hundred and

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<v Speaker 3>one billion dollar market cap company. A lot of discussion

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<v Speaker 3>though around kind of their technology gets put to work,

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<v Speaker 3>but nonetheless.

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<v Speaker 1>Save for another day. Okay, we will I get the picture, Okay,

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<v Speaker 1>what else is on your radar after hours?

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<v Speaker 3>Snap snap ticker. I have not used Snap since college.

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<v Speaker 3>I would use aviage college user.

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<v Speaker 1>You're the you are like the demo. Do do people

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<v Speaker 1>grow out of Snap? I'm too old to ever have

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<v Speaker 1>used it.

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<v Speaker 3>So my wife has snapchats all the time, like her

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<v Speaker 3>and her friends like share photos of like their kids

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<v Speaker 3>and stuff. I couldn't tell you who. I don't know anyone. Again,

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<v Speaker 3>I hadn't been single for a while, so like, maybe

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<v Speaker 3>that's the target demographs. How would you use it for

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<v Speaker 3>for dating?

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<v Speaker 1>I have no idea, but I think isn't it popular

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<v Speaker 1>with high school kids too? Like younger?

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<v Speaker 3>I think in the and they kind of push kind

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<v Speaker 3>of having like the ability to communicate with AI. The

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<v Speaker 3>whole AI revolution, they were trying to lean into snap

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<v Speaker 3>lenses though I don't know, not really. My again read

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<v Speaker 3>a book walk out in the field, he feel the grass.

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<v Speaker 1>I'm just going to say, chart is brutal.

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<v Speaker 3>It is brutal. It's down a five dollars stock It's

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<v Speaker 3>down forty seven percent in the last twelve months. But

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<v Speaker 3>tim are you looking at it from its peak? Oh?

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<v Speaker 1>Yeah, I'm looking a few years ago from its peak.

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<v Speaker 1>Back in twenty twenty one, it's down ninety four percent

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<v Speaker 1>from them. This was a eighty three dollars stock in

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<v Speaker 1>September of twenty twenty one, but.

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<v Speaker 3>Now it's up up nine and a half percent, you know, slowly.

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<v Speaker 1>Even see that on the chart when I when I

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<v Speaker 1>when I look at this from when I went public

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<v Speaker 1>back in twenty seventeen.

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<v Speaker 3>Yeah, beating expectations. Management or CEO Evan Spiegel saying that

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<v Speaker 3>the company saw improving momentum and advertising that was kind

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<v Speaker 3>of the big qualm back in twenty twenty one, and

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<v Speaker 3>also just calling out that the CEO saying wearable glasses

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<v Speaker 3>will be a largest long term opportunity. Are you Are

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<v Speaker 3>you a team Meta ray Ban guy or.

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<v Speaker 1>No, I'm a no lenses in the or no cameras

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<v Speaker 1>in the lenses and stuff as of now. But Mark

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<v Speaker 1>German tells us we're all going to be wearing these.

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<v Speaker 1>He told me, like he looked at me last week

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<v Speaker 1>and he will be.

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<v Speaker 3>Wearing the Apple glasses in the New YORTERM.

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<v Speaker 1>Like what's is when they come out? He's like, you're

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<v Speaker 1>and I love them, I know it, And look I

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<v Speaker 1>trust Mark.

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<v Speaker 3>So better you than me. I'll let you beat a

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<v Speaker 3>test case.

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<v Speaker 1>Well, his point was, look at how they really changed

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<v Speaker 1>the watch category. Bat No, I know, I know, I

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<v Speaker 1>had on that was a point. Yeah, what's because yours

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<v Speaker 1>is from the first iteration of them. Second antique show,

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<v Speaker 1>antique crush showing. All right, I think we have another

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<v Speaker 1>one one more on the last thirty second.

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<v Speaker 3>Up three point three percent eat expectations in the two

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<v Speaker 3>Q according to bi third quarter outlook, increases the likelihood

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<v Speaker 3>that the cyclical downturn in industrial and automotive and markets

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<v Speaker 3>is in the rear view mirror. On semi down forty

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<v Speaker 3>in two months. Well, they have a lot of exposure

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<v Speaker 3>industrial but auto, right, and you think about what's happened

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<v Speaker 3>in the av space and so and so far, you're

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<v Speaker 3>going to feel that.

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