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 1: I'm Carol Masser along with Tim Stanebek, and let's get
Speaker 1: to some of the stocks on the move today. We're
Speaker 1: joined by Bloomberg News earning specialist Rachel Pua. She joins
Speaker 1: us in studio. You got to talk about AMD. Definitely
Speaker 1: a mover today.
Speaker 3: Investors are still watching it and after it said that
Speaker 3: expects annual revenue growth to be more than thirty five
Speaker 3: percent on average over the next two to five years.
Speaker 3: I think this would be expectations, and you know, the
Speaker 3: company has also said that this would be driven by
Speaker 3: its data center products. I think invested well free that
Speaker 3: there was an AI bubble that the huge spending on
Speaker 3: AI computer systems cannot be sustained, especially by amb's customer
Speaker 3: Open Ai. But AMB CEO Lisa, who has kind of
Speaker 3: lead fears by saying that she's confident growth rail hop.
Speaker 4: Okay, So that's AMD on the day, moving in the
Speaker 4: after hours right now, also moving thanks to a report
Speaker 4: earnings report that I think has investors at least our
Speaker 4: own woojin Hoe pretty happy in bullish Cisco.
Speaker 3: Yeah, Tika CSCO another AI play. It raises forecasts for
Speaker 3: twenty twenty six, and this also beat Wall Street's expectations.
Speaker 3: It's one of those legacy tech companies that's been trying
Speaker 3: to benefit from the whole AI boom and right now
Speaker 3: it's been trying to upgrade its chips and gears so
Speaker 3: that it can handle complicated AI task. I think the
Speaker 3: results kind of showed that. And there's are bullish on
Speaker 3: a company and that and they say that the AI
Speaker 3: demand and these new products would boost us Cisco's growth
Speaker 3: while their networking market matures.
Speaker 2: Yeah.
Speaker 1: I mean it's really interesting. We've seen this stock Cisco
Speaker 1: definitely bounce back this year, a lot of expectations, a
Speaker 1: lot of different moves, and it's not too far from
Speaker 1: its all time high. We saw back what before the
Speaker 1: dot com boom bust if you will, or during the
Speaker 1: dot com boom and then bust, and so we'll see
Speaker 1: whether we get there. But right now that stock is
Speaker 1: up seven percent in the aftermarket.
Speaker 4: I've seen what shoes you were wearing. They're not Did
Speaker 4: you wear your ons today?
Speaker 1: I wore them in oh you know, it's somebody that
Speaker 1: you say that I'm looking and somebody was like, those
Speaker 1: are really somebody A woman was staring at them and
Speaker 1: she's like like, what are you doing and she's like,
Speaker 1: I just I really like your shoes.
Speaker 4: In the office.
Speaker 1: Out on the subway, it was really funny interactions. It
Speaker 1: was well, you know, subway, like, don't you ever do that?
Speaker 1: Like everyone's while I like to take a picture of
Speaker 1: somebody's like, because there's some crazy shoes on the subway.
Speaker 1: But anyway, I'm looking at my ons and I'm like,
Speaker 1: I've had them for a few years now, and I'm like,
Speaker 1: I'm gonna probably have to replace them soon.
Speaker 4: Why are we talking about on Holding.
Speaker 1: Because the stock was on the move today.
Speaker 3: Oh okay, so I know on Holdings take on On.
Speaker 3: This is a Swiss speaker brand that's been backed by
Speaker 3: Roger Federer. I think like you guys, and you well know,
Speaker 3: in a moment, the company, you know, raised a sales
Speaker 3: and profit forecasts after a strong quarter, especially in Europe
Speaker 3: and Asia. We saw sales in Asia modern double in
Speaker 3: the quarter. The company already sells one of the most
Speaker 3: expensive running shoes in the industry, but CEO to Bloomer
Speaker 3: that even though it raises prices in the US, people
Speaker 3: are still buying at shoes and I think this just
Speaker 3: kind of shows that people where money are still spending.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
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