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 00:00:16,720 --> 00:00:19,400 Speaker 1: I'm Carol Masser along with Tim Stanebek, and let's get 5 00:00:19,440 --> 00:00:21,600 Speaker 1: to some of the stocks on the move today. We're 6 00:00:21,680 --> 00:00:24,880 Speaker 1: joined by Bloomberg News earning specialist Rachel Pua. She joins 7 00:00:24,920 --> 00:00:27,120 Speaker 1: us in studio. You got to talk about AMD. Definitely 8 00:00:27,160 --> 00:00:27,840 Speaker 1: a mover today. 9 00:00:28,200 --> 00:00:31,000 Speaker 3: Investors are still watching it and after it said that 10 00:00:31,600 --> 00:00:34,120 Speaker 3: expects annual revenue growth to be more than thirty five 11 00:00:34,159 --> 00:00:36,680 Speaker 3: percent on average over the next two to five years. 12 00:00:36,920 --> 00:00:39,559 Speaker 3: I think this would be expectations, and you know, the 13 00:00:39,600 --> 00:00:41,559 Speaker 3: company has also said that this would be driven by 14 00:00:41,600 --> 00:00:46,160 Speaker 3: its data center products. I think invested well free that 15 00:00:47,120 --> 00:00:49,120 Speaker 3: there was an AI bubble that the huge spending on 16 00:00:49,200 --> 00:00:53,280 Speaker 3: AI computer systems cannot be sustained, especially by amb's customer 17 00:00:53,680 --> 00:00:57,080 Speaker 3: Open Ai. But AMB CEO Lisa, who has kind of 18 00:00:57,160 --> 00:01:00,160 Speaker 3: lead fears by saying that she's confident growth rail hop. 19 00:01:01,400 --> 00:01:03,840 Speaker 4: Okay, So that's AMD on the day, moving in the 20 00:01:03,880 --> 00:01:08,880 Speaker 4: after hours right now, also moving thanks to a report 21 00:01:09,360 --> 00:01:12,720 Speaker 4: earnings report that I think has investors at least our 22 00:01:12,760 --> 00:01:15,960 Speaker 4: own woojin Hoe pretty happy in bullish Cisco. 23 00:01:16,440 --> 00:01:21,360 Speaker 3: Yeah, Tika CSCO another AI play. It raises forecasts for 24 00:01:21,480 --> 00:01:25,280 Speaker 3: twenty twenty six, and this also beat Wall Street's expectations. 25 00:01:25,520 --> 00:01:28,119 Speaker 3: It's one of those legacy tech companies that's been trying 26 00:01:28,160 --> 00:01:31,000 Speaker 3: to benefit from the whole AI boom and right now 27 00:01:31,040 --> 00:01:33,560 Speaker 3: it's been trying to upgrade its chips and gears so 28 00:01:33,600 --> 00:01:37,080 Speaker 3: that it can handle complicated AI task. I think the 29 00:01:37,120 --> 00:01:39,080 Speaker 3: results kind of showed that. And there's are bullish on 30 00:01:39,160 --> 00:01:41,760 Speaker 3: a company and that and they say that the AI 31 00:01:41,840 --> 00:01:45,279 Speaker 3: demand and these new products would boost us Cisco's growth 32 00:01:45,319 --> 00:01:47,560 Speaker 3: while their networking market matures. 33 00:01:48,280 --> 00:01:48,520 Speaker 2: Yeah. 34 00:01:48,600 --> 00:01:51,160 Speaker 1: I mean it's really interesting. We've seen this stock Cisco 35 00:01:53,040 --> 00:01:56,040 Speaker 1: definitely bounce back this year, a lot of expectations, a 36 00:01:56,040 --> 00:01:58,760 Speaker 1: lot of different moves, and it's not too far from 37 00:01:58,760 --> 00:02:01,600 Speaker 1: its all time high. We saw back what before the 38 00:02:01,640 --> 00:02:04,240 Speaker 1: dot com boom bust if you will, or during the 39 00:02:04,240 --> 00:02:06,720 Speaker 1: dot com boom and then bust, and so we'll see 40 00:02:06,720 --> 00:02:08,560 Speaker 1: whether we get there. But right now that stock is 41 00:02:08,639 --> 00:02:10,200 Speaker 1: up seven percent in the aftermarket. 42 00:02:10,240 --> 00:02:13,280 Speaker 4: I've seen what shoes you were wearing. They're not Did 43 00:02:13,320 --> 00:02:14,280 Speaker 4: you wear your ons today? 44 00:02:14,760 --> 00:02:16,640 Speaker 1: I wore them in oh you know, it's somebody that 45 00:02:16,720 --> 00:02:18,440 Speaker 1: you say that I'm looking and somebody was like, those 46 00:02:18,440 --> 00:02:20,040 Speaker 1: are really somebody A woman was staring at them and 47 00:02:20,040 --> 00:02:22,120 Speaker 1: she's like like, what are you doing and she's like, 48 00:02:22,160 --> 00:02:23,240 Speaker 1: I just I really like your shoes. 49 00:02:23,639 --> 00:02:24,120 Speaker 4: In the office. 50 00:02:24,240 --> 00:02:29,040 Speaker 1: Out on the subway, it was really funny interactions. It 51 00:02:29,160 --> 00:02:30,880 Speaker 1: was well, you know, subway, like, don't you ever do that? 52 00:02:30,919 --> 00:02:32,639 Speaker 1: Like everyone's while I like to take a picture of 53 00:02:32,680 --> 00:02:35,320 Speaker 1: somebody's like, because there's some crazy shoes on the subway. 54 00:02:35,400 --> 00:02:37,600 Speaker 1: But anyway, I'm looking at my ons and I'm like, 55 00:02:37,680 --> 00:02:41,200 Speaker 1: I've had them for a few years now, and I'm like, 56 00:02:41,760 --> 00:02:43,240 Speaker 1: I'm gonna probably have to replace them soon. 57 00:02:43,240 --> 00:02:45,359 Speaker 4: Why are we talking about on Holding. 58 00:02:45,080 --> 00:02:46,480 Speaker 1: Because the stock was on the move today. 59 00:02:46,520 --> 00:02:49,480 Speaker 3: Oh okay, so I know on Holdings take on On. 60 00:02:49,840 --> 00:02:52,520 Speaker 3: This is a Swiss speaker brand that's been backed by 61 00:02:52,639 --> 00:02:56,760 Speaker 3: Roger Federer. I think like you guys, and you well know, 62 00:02:56,840 --> 00:03:00,000 Speaker 3: in a moment, the company, you know, raised a sales 63 00:03:00,080 --> 00:03:04,040 Speaker 3: and profit forecasts after a strong quarter, especially in Europe 64 00:03:04,040 --> 00:03:06,960 Speaker 3: and Asia. We saw sales in Asia modern double in 65 00:03:07,040 --> 00:03:09,760 Speaker 3: the quarter. The company already sells one of the most 66 00:03:09,760 --> 00:03:13,520 Speaker 3: expensive running shoes in the industry, but CEO to Bloomer 67 00:03:13,600 --> 00:03:15,960 Speaker 3: that even though it raises prices in the US, people 68 00:03:15,960 --> 00:03:18,239 Speaker 3: are still buying at shoes and I think this just 69 00:03:18,320 --> 00:03:20,639 Speaker 3: kind of shows that people where money are still spending. 70 00:03:21,639 --> 00:03:25,680 Speaker 2: The Stock Movers report from Bloomberg Radio. 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