WEBVTT - Cisco Soars on Earnings; AMD, On End Higher

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Carol Masser along with Tim Stanebek, and let's get

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<v Speaker 1>to some of the stocks on the move today. We're

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<v Speaker 1>joined by Bloomberg News earning specialist Rachel Pua. She joins

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<v Speaker 1>us in studio. You got to talk about AMD. Definitely

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<v Speaker 1>a mover today.

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<v Speaker 3>Investors are still watching it and after it said that

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<v Speaker 3>expects annual revenue growth to be more than thirty five

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<v Speaker 3>percent on average over the next two to five years.

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<v Speaker 3>I think this would be expectations, and you know, the

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<v Speaker 3>company has also said that this would be driven by

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<v Speaker 3>its data center products. I think invested well free that

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<v Speaker 3>there was an AI bubble that the huge spending on

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<v Speaker 3>AI computer systems cannot be sustained, especially by amb's customer

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<v Speaker 3>Open Ai. But AMB CEO Lisa, who has kind of

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<v Speaker 3>lead fears by saying that she's confident growth rail hop.

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<v Speaker 4>Okay, So that's AMD on the day, moving in the

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<v Speaker 4>after hours right now, also moving thanks to a report

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<v Speaker 4>earnings report that I think has investors at least our

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<v Speaker 4>own woojin Hoe pretty happy in bullish Cisco.

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<v Speaker 3>Yeah, Tika CSCO another AI play. It raises forecasts for

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<v Speaker 3>twenty twenty six, and this also beat Wall Street's expectations.

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<v Speaker 3>It's one of those legacy tech companies that's been trying

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<v Speaker 3>to benefit from the whole AI boom and right now

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<v Speaker 3>it's been trying to upgrade its chips and gears so

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<v Speaker 3>that it can handle complicated AI task. I think the

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<v Speaker 3>results kind of showed that. And there's are bullish on

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<v Speaker 3>a company and that and they say that the AI

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<v Speaker 3>demand and these new products would boost us Cisco's growth

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<v Speaker 3>while their networking market matures.

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<v Speaker 2>Yeah.

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<v Speaker 1>I mean it's really interesting. We've seen this stock Cisco

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<v Speaker 1>definitely bounce back this year, a lot of expectations, a

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<v Speaker 1>lot of different moves, and it's not too far from

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<v Speaker 1>its all time high. We saw back what before the

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<v Speaker 1>dot com boom bust if you will, or during the

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<v Speaker 1>dot com boom and then bust, and so we'll see

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<v Speaker 1>whether we get there. But right now that stock is

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<v Speaker 1>up seven percent in the aftermarket.

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<v Speaker 4>I've seen what shoes you were wearing. They're not Did

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<v Speaker 4>you wear your ons today?

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<v Speaker 1>I wore them in oh you know, it's somebody that

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<v Speaker 1>you say that I'm looking and somebody was like, those

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<v Speaker 1>are really somebody A woman was staring at them and

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<v Speaker 1>she's like like, what are you doing and she's like,

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<v Speaker 1>I just I really like your shoes.

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<v Speaker 4>In the office.

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<v Speaker 1>Out on the subway, it was really funny interactions. It

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<v Speaker 1>was well, you know, subway, like, don't you ever do that?

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<v Speaker 1>Like everyone's while I like to take a picture of

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<v Speaker 1>somebody's like, because there's some crazy shoes on the subway.

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<v Speaker 1>But anyway, I'm looking at my ons and I'm like,

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<v Speaker 1>I've had them for a few years now, and I'm like,

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<v Speaker 1>I'm gonna probably have to replace them soon.

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<v Speaker 4>Why are we talking about on Holding.

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<v Speaker 1>Because the stock was on the move today.

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<v Speaker 3>Oh okay, so I know on Holdings take on On.

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<v Speaker 3>This is a Swiss speaker brand that's been backed by

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<v Speaker 3>Roger Federer. I think like you guys, and you well know,

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<v Speaker 3>in a moment, the company, you know, raised a sales

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<v Speaker 3>and profit forecasts after a strong quarter, especially in Europe

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<v Speaker 3>and Asia. We saw sales in Asia modern double in

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<v Speaker 3>the quarter. The company already sells one of the most

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<v Speaker 3>expensive running shoes in the industry, but CEO to Bloomer

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<v Speaker 3>that even though it raises prices in the US, people

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<v Speaker 3>are still buying at shoes and I think this just

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<v Speaker 3>kind of shows that people where money are still spending.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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