1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios podcasts, radio news. 2 00:00:08,640 --> 00:00:13,039 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,039 --> 00:00:17,599 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,800 --> 00:00:19,320 Speaker 3: Time to take a look at some of the stocks 5 00:00:19,320 --> 00:00:22,840 Speaker 3: of the move today. We are joined by Bloomberg's Valerie 6 00:00:22,880 --> 00:00:27,120 Speaker 3: tight Tel and let's start with the most active in 7 00:00:27,160 --> 00:00:29,840 Speaker 3: the pre market this morning. I thought this chip was 8 00:00:29,880 --> 00:00:33,400 Speaker 3: already watered down. We already kind of knew about these restrictions. 9 00:00:34,000 --> 00:00:36,440 Speaker 1: Yeah, this is Let's start with Navidia, as you are 10 00:00:36,720 --> 00:00:39,360 Speaker 1: just foreshadowing there. It's following a five point eight percent 11 00:00:39,400 --> 00:00:42,960 Speaker 1: in pre market, some decent selling volumes behind it. This 12 00:00:43,000 --> 00:00:46,240 Speaker 1: comes after the White House has banned Navidia from selling 13 00:00:46,320 --> 00:00:50,080 Speaker 1: its H twenty chip in China, clear sign the administration 14 00:00:50,200 --> 00:00:52,960 Speaker 1: is trying to clamp down on China's AI ambitions. Now, 15 00:00:52,960 --> 00:00:56,840 Speaker 1: the restrictions will require a license to export Navida's H 16 00:00:56,920 --> 00:00:59,760 Speaker 1: twenty chips for the indefinite future, and Navidia, on the 17 00:00:59,800 --> 00:01:02,520 Speaker 1: back of that, has warned it will likely report a 18 00:01:02,640 --> 00:01:05,640 Speaker 1: five point five billion dollar right down for the current 19 00:01:05,720 --> 00:01:09,160 Speaker 1: quarter tied to inventory in commitments to this chip. But 20 00:01:09,160 --> 00:01:11,679 Speaker 1: there has been some speculation there could be further right 21 00:01:11,760 --> 00:01:15,399 Speaker 1: downs to come. Reuters has reported that Navidia had secured 22 00:01:15,480 --> 00:01:19,640 Speaker 1: previously eighteen billion dollars of orders for this H twenty 23 00:01:19,959 --> 00:01:22,880 Speaker 1: chip since the start of the year. And let's say 24 00:01:23,480 --> 00:01:26,360 Speaker 1: China is a big market for Navidia. In this last 25 00:01:26,360 --> 00:01:30,160 Speaker 1: fiscal year, it made up thirteen percent of total Navidia's sales. 26 00:01:30,200 --> 00:01:32,839 Speaker 1: So Navidia's on the back foot, down five point eight percent. Also, 27 00:01:32,880 --> 00:01:36,360 Speaker 1: all other chip makers in the red AMD down seven percent, 28 00:01:36,760 --> 00:01:41,080 Speaker 1: Broadcom down three point six AMD also down near seven percent. 29 00:01:41,520 --> 00:01:43,840 Speaker 3: You know, as we look at the earnings and the numbers, 30 00:01:44,000 --> 00:01:46,480 Speaker 3: I'm not so much focused on the numbers with some 31 00:01:46,520 --> 00:01:48,000 Speaker 3: of the commentary that comes with it. 32 00:01:48,520 --> 00:01:51,280 Speaker 1: Oh yeah, So we had a bit of a foreshadowing 33 00:01:51,280 --> 00:01:55,440 Speaker 1: from ASML. This is the Dutch chip fabricator. Their shares 34 00:01:55,440 --> 00:01:59,080 Speaker 1: are down five percent in Europe, they reported orders for 35 00:01:59,120 --> 00:02:01,920 Speaker 1: the first quarter that were almost a billion euros less 36 00:02:01,920 --> 00:02:05,680 Speaker 1: than expected, and the CEO said it's that it doesn't 37 00:02:05,720 --> 00:02:08,880 Speaker 1: know how to quantify the impact of the recent tariff 38 00:02:08,880 --> 00:02:12,560 Speaker 1: announcements which are threatening to upend the semiconductor industry. So 39 00:02:12,600 --> 00:02:14,919 Speaker 1: I guess we thought we might get some clarity during 40 00:02:15,200 --> 00:02:17,680 Speaker 1: the earning season of what these companies think of these 41 00:02:17,760 --> 00:02:20,200 Speaker 1: tariff announcements, but it seems like all we're getting is 42 00:02:20,240 --> 00:02:23,799 Speaker 1: more uncertainty thrown back out US ASML does count TSMC 43 00:02:23,880 --> 00:02:26,880 Speaker 1: among its biggest customers, and we do get reporting from 44 00:02:26,919 --> 00:02:27,960 Speaker 1: TSMC tomorrow. 45 00:02:28,720 --> 00:02:31,800 Speaker 3: And if you can't really make a forecast, make a 46 00:02:31,800 --> 00:02:32,680 Speaker 3: few forecasts. 47 00:02:32,760 --> 00:02:33,840 Speaker 2: I guess yeah. 48 00:02:33,840 --> 00:02:36,280 Speaker 1: That's what we heard from United Airlines. Their shares are 49 00:02:36,360 --> 00:02:39,480 Speaker 1: trading higher and pre market trading up five point seven percent. 50 00:02:40,240 --> 00:02:43,680 Speaker 1: The carrier said it does expect resilient earnings in the 51 00:02:43,720 --> 00:02:47,000 Speaker 1: second quarter, but it took a quite unusual step of 52 00:02:47,000 --> 00:02:51,000 Speaker 1: offering not one, but two possible earning scenarios, saying that 53 00:02:51,040 --> 00:02:54,359 Speaker 1: it's twenty twenty five out look remains achievable, but also 54 00:02:54,480 --> 00:02:58,400 Speaker 1: warned that a recession could nearly have its product profit 55 00:02:58,520 --> 00:03:02,119 Speaker 1: forecast and the split forecast in reaction to the uncertain 56 00:03:02,400 --> 00:03:04,680 Speaker 1: macroeconomic backround backdrop, of. 57 00:03:04,639 --> 00:03:07,240 Speaker 3: Course, And can you recite the periodic table of the 58 00:03:07,280 --> 00:03:11,840 Speaker 3: elements hydrogen, helium, lithium, brillium, delon carbon like rare metals, 59 00:03:12,280 --> 00:03:14,880 Speaker 3: they're farther down, but the news about rare metals and 60 00:03:14,919 --> 00:03:16,800 Speaker 3: the folks that mine. 61 00:03:16,639 --> 00:03:19,680 Speaker 1: Them, that's correct. So rail rare, rare. Wow, it's a 62 00:03:19,680 --> 00:03:23,920 Speaker 1: tongue twister. Rare metals miners are on a streak of 63 00:03:23,960 --> 00:03:26,560 Speaker 1: gains heading for the third day of gains. This is 64 00:03:26,560 --> 00:03:29,240 Speaker 1: one of these companies called The Metals Company TMC up 65 00:03:29,280 --> 00:03:32,480 Speaker 1: two point eight percent. Also MP Materials up four percent. 66 00:03:33,000 --> 00:03:36,320 Speaker 1: This is as the government is planning to order to 67 00:03:36,400 --> 00:03:40,240 Speaker 1: allow stockpiling of critical minerals and also comes after President 68 00:03:40,240 --> 00:03:43,320 Speaker 1: Donald Trump launched a probe into the need for tariffs 69 00:03:43,560 --> 00:03:46,600 Speaker 1: on critical minerals, citing national security concerns behind it. So 70 00:03:46,720 --> 00:03:49,360 Speaker 1: rare metals miners are on front foot again. Third day 71 00:03:49,400 --> 00:03:50,680 Speaker 1: gains for those names. 72 00:03:52,040 --> 00:03:56,200 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 73 00:03:56,280 --> 00:03:59,360 Speaker 2: us throughout today for the latest roundup of companies making 74 00:03:59,440 --> 00:04:03,440 Speaker 2: news on and for the latest market moving headlines. Listen 75 00:04:03,480 --> 00:04:07,680 Speaker 2: to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, 76 00:04:07,720 --> 00:04:11,320 Speaker 2: and on Applecarplay and Android Auto with the Bloomberg Business app.