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 3: Let's take a look at some of the stocks on
Speaker 3: the move today.
Speaker 1: We can do that with Bloomberg's Christina Quino. Christine, what
Speaker 1: are you looking at today? All right, Paul, Let's take
Speaker 1: a look at Broadcom because that is very much in
Speaker 1: green today. So it took her AVG eighty go and
Speaker 1: those shares are up two and a half percent at
Speaker 1: the moment, and that is because the chip baker announced
Speaker 1: a long term agreement with Google to develop and supply
Speaker 1: tensor processing units. So these are Google's custom AI chips
Speaker 1: and Broadcom also saying that the two companies have confirmed
Speaker 1: plans to work with Anthropic to power the AI startups
Speaker 1: burgeoning operations. So Bloomberg Intelligence is Kunjo Savani weighing in
Speaker 1: on this deal, saying that broadcomes expanded agreements with Google
Speaker 1: and Anthropic gives investors multi year visibility, but a portion
Speaker 1: of the ramp up for twenty twenty seven may already
Speaker 1: be reflected in the consensus, so shares are up today.
Speaker 3: Broadcom is like it's trying to wrap up all the AI.
Speaker 3: It's like, I'll do a deal with anthropic, I'll do
Speaker 3: it with open AI. Or okay, you also brought along
Speaker 3: Amazon with you. Why are they in the news today? Exactly, Alexis,
Speaker 3: so a couple of things.
Speaker 1: Actually it's happening with Amazon, but at the moment, shares
Speaker 1: are trending lower. So took her am z N. Those
Speaker 1: shares are down one and a half percent. So a
Speaker 1: couple of pieces of information. The information reporting that Amazon
Speaker 1: has apparently rejected wholesale supplier's requests to pay more for
Speaker 1: their inventory. So essentially that forces the brands on selling
Speaker 1: on Amazon's platform to swallow costs related to tariffs or
Speaker 1: energy increases or what have you. It's a very interesting
Speaker 1: kind of consumer inflation bit of news there. And then
Speaker 1: in other news, we also have Uber expanding its infrastructure
Speaker 1: in AI capabilities on Amazon Web Services to support more
Speaker 1: or of its strip serving zones. Now shares are down today.
Speaker 1: It may just be because of the more cautious broad environment,
Speaker 1: but it's.
Speaker 3: Getting wrapped up in that exactly. Yeah, yeah, all right,
Speaker 3: how about the Apple?
Speaker 1: All right, let's take a look at Apple. Those areas
Speaker 1: are also being challenged today take her AAPL they are
Speaker 1: down moreti five percent, so that is primarily because we
Speaker 1: did have Nicky Asia reporting that apparently the company is
Speaker 1: seeing setbacks in the engineering test phase of its foldable iPhone,
Speaker 1: so that could push back production shipment schedule. The first
Speaker 1: shipment could be delayed by months. This is according to
Speaker 1: a report that sites unidentified people. And I don't believe
Speaker 1: Apple has weighed in on it, but nonetheless it is
Speaker 1: weighing on shares today.
Speaker 3: So it's one of the biggest losers in the S
Speaker 3: and P five hundred right now.
Speaker 1: Absolutely, Alexis. So people just got a wait for their
Speaker 1: foldable phones. I don't know, would you want one?
Speaker 2: No?
Speaker 3: No, you know, and I also hold on to my
Speaker 3: phone forever, so I'm really not getting a foldable phone.
Speaker 1: For quite some time, I had one the Samsung wanted
Speaker 1: to do you Yeah, I did. It was fine for
Speaker 1: a while, but then it started glitching. So yeah, the
Speaker 1: technology might just not be keeping up with the usage,
Speaker 1: you know, that's the problem.
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