1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,400 --> 00:00:17,840 Speaker 3: Let's take a look at some of the stocks on 5 00:00:17,880 --> 00:00:18,480 Speaker 3: the move today. 6 00:00:18,480 --> 00:00:20,880 Speaker 1: We can do that with Bloomberg's Christina Quino. Christine, what 7 00:00:20,880 --> 00:00:22,640 Speaker 1: are you looking at today? All right, Paul, Let's take 8 00:00:22,640 --> 00:00:25,439 Speaker 1: a look at Broadcom because that is very much in 9 00:00:25,560 --> 00:00:29,319 Speaker 1: green today. So it took her AVG eighty go and 10 00:00:29,360 --> 00:00:31,320 Speaker 1: those shares are up two and a half percent at 11 00:00:31,320 --> 00:00:34,199 Speaker 1: the moment, and that is because the chip baker announced 12 00:00:34,200 --> 00:00:37,000 Speaker 1: a long term agreement with Google to develop and supply 13 00:00:37,440 --> 00:00:41,960 Speaker 1: tensor processing units. So these are Google's custom AI chips 14 00:00:42,400 --> 00:00:46,000 Speaker 1: and Broadcom also saying that the two companies have confirmed 15 00:00:46,000 --> 00:00:49,080 Speaker 1: plans to work with Anthropic to power the AI startups 16 00:00:49,280 --> 00:00:53,840 Speaker 1: burgeoning operations. So Bloomberg Intelligence is Kunjo Savani weighing in 17 00:00:54,040 --> 00:00:57,480 Speaker 1: on this deal, saying that broadcomes expanded agreements with Google 18 00:00:57,520 --> 00:01:03,120 Speaker 1: and Anthropic gives investors multi year visibility, but a portion 19 00:01:03,240 --> 00:01:05,279 Speaker 1: of the ramp up for twenty twenty seven may already 20 00:01:05,319 --> 00:01:08,279 Speaker 1: be reflected in the consensus, so shares are up today. 21 00:01:08,480 --> 00:01:11,160 Speaker 3: Broadcom is like it's trying to wrap up all the AI. 22 00:01:11,240 --> 00:01:12,920 Speaker 3: It's like, I'll do a deal with anthropic, I'll do 23 00:01:12,920 --> 00:01:16,160 Speaker 3: it with open AI. Or okay, you also brought along 24 00:01:16,240 --> 00:01:20,119 Speaker 3: Amazon with you. Why are they in the news today? Exactly, Alexis, 25 00:01:20,160 --> 00:01:21,119 Speaker 3: so a couple of things. 26 00:01:21,120 --> 00:01:24,040 Speaker 1: Actually it's happening with Amazon, but at the moment, shares 27 00:01:24,080 --> 00:01:27,240 Speaker 1: are trending lower. So took her am z N. Those 28 00:01:27,240 --> 00:01:29,200 Speaker 1: shares are down one and a half percent. So a 29 00:01:29,200 --> 00:01:33,560 Speaker 1: couple of pieces of information. The information reporting that Amazon 30 00:01:33,560 --> 00:01:37,600 Speaker 1: has apparently rejected wholesale supplier's requests to pay more for 31 00:01:37,680 --> 00:01:42,240 Speaker 1: their inventory. So essentially that forces the brands on selling 32 00:01:42,240 --> 00:01:45,160 Speaker 1: on Amazon's platform to swallow costs related to tariffs or 33 00:01:45,280 --> 00:01:48,680 Speaker 1: energy increases or what have you. It's a very interesting 34 00:01:49,120 --> 00:01:52,600 Speaker 1: kind of consumer inflation bit of news there. And then 35 00:01:52,600 --> 00:01:56,000 Speaker 1: in other news, we also have Uber expanding its infrastructure 36 00:01:56,120 --> 00:01:59,960 Speaker 1: in AI capabilities on Amazon Web Services to support more 37 00:02:00,080 --> 00:02:03,320 Speaker 1: or of its strip serving zones. Now shares are down today. 38 00:02:03,360 --> 00:02:06,200 Speaker 1: It may just be because of the more cautious broad environment, 39 00:02:06,280 --> 00:02:06,600 Speaker 1: but it's. 40 00:02:06,480 --> 00:02:09,320 Speaker 3: Getting wrapped up in that exactly. Yeah, yeah, all right, 41 00:02:09,320 --> 00:02:10,240 Speaker 3: how about the Apple? 42 00:02:10,440 --> 00:02:12,240 Speaker 1: All right, let's take a look at Apple. Those areas 43 00:02:12,240 --> 00:02:16,080 Speaker 1: are also being challenged today take her AAPL they are 44 00:02:16,160 --> 00:02:19,880 Speaker 1: down moreti five percent, so that is primarily because we 45 00:02:19,960 --> 00:02:23,320 Speaker 1: did have Nicky Asia reporting that apparently the company is 46 00:02:23,360 --> 00:02:27,880 Speaker 1: seeing setbacks in the engineering test phase of its foldable iPhone, 47 00:02:27,960 --> 00:02:31,080 Speaker 1: so that could push back production shipment schedule. The first 48 00:02:31,080 --> 00:02:33,320 Speaker 1: shipment could be delayed by months. This is according to 49 00:02:33,360 --> 00:02:37,760 Speaker 1: a report that sites unidentified people. And I don't believe 50 00:02:37,760 --> 00:02:40,240 Speaker 1: Apple has weighed in on it, but nonetheless it is 51 00:02:40,240 --> 00:02:41,560 Speaker 1: weighing on shares today. 52 00:02:41,600 --> 00:02:43,079 Speaker 3: So it's one of the biggest losers in the S 53 00:02:43,120 --> 00:02:44,200 Speaker 3: and P five hundred right now. 54 00:02:44,360 --> 00:02:46,520 Speaker 1: Absolutely, Alexis. So people just got a wait for their 55 00:02:46,560 --> 00:02:48,360 Speaker 1: foldable phones. I don't know, would you want one? 56 00:02:48,520 --> 00:02:48,560 Speaker 2: No? 57 00:02:49,360 --> 00:02:51,000 Speaker 3: No, you know, and I also hold on to my 58 00:02:51,000 --> 00:02:53,360 Speaker 3: phone forever, so I'm really not getting a foldable phone. 59 00:02:53,400 --> 00:02:56,160 Speaker 1: For quite some time, I had one the Samsung wanted 60 00:02:56,160 --> 00:02:58,120 Speaker 1: to do you Yeah, I did. It was fine for 61 00:02:58,120 --> 00:03:02,720 Speaker 1: a while, but then it started glitching. So yeah, the 62 00:03:02,760 --> 00:03:06,000 Speaker 1: technology might just not be keeping up with the usage, 63 00:03:06,000 --> 00:03:08,040 Speaker 1: you know, that's the problem. 64 00:03:08,080 --> 00:03:12,320 Speaker 2: The Stockmovers report from Bloomberg Radio. Check back with us 65 00:03:12,320 --> 00:03:15,160 Speaker 2: throughout the day for the latest roundup of companies making 66 00:03:15,200 --> 00:03:18,840 Speaker 2: news on Wall Street and for the latest market moving headlines. 67 00:03:19,040 --> 00:03:23,040 Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 68 00:03:23,080 --> 00:03:26,160 Speaker 2: dot com, and on Applecarplay and Android Auto with the 69 00:03:26,200 --> 00:03:27,560 Speaker 2: Bloomberg Business app.