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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,

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Speaker 1: your roundup of companies making moves in the stock market

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Speaker 1: harnessing the power of Bloomberg Data.

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Speaker 2: Let's take a look at some stocks on the move today.

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Speaker 2: We're joined by Lisa Mitailo.

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Speaker 3: Lisa all right, I want to start with Nvidio. Their

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Speaker 3: shares have been down more than six percent before the bell.

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Speaker 3: The issue is at President Trump's administration. While they barred

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Speaker 3: it from selling these H twenty chips in China, and

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Speaker 3: they said in video would need this license to export

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Speaker 3: them to China. The reason why, well, the administration is

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Speaker 3: worried it could be used in this super computer in China.

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Speaker 3: Now because of that, you had in video responding and

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Speaker 3: they say they're going to report about five and a

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Speaker 3: half billion dollars in write downs during the quarter, tied

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Speaker 3: to inventory commitments for the chip. So what it's done

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Speaker 3: is that it's leaded led to this broader sell off

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Speaker 3: in chip firms that have you know, from the US

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Speaker 3: to Japan. For example, South Korean chip makers Samsung off

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Speaker 3: three percent, and you had advanced micro devices they're slumping too.

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Speaker 3: And then to make it worse, you have ASML right,

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Speaker 3: they're reporting these disappointing financial results for the first quarter.

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Speaker 3: They're the ones that sell the machines to manufacture the chips,

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Speaker 3: so that's how they're involved in all this. But orders

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Speaker 3: for the first quarter almost a billion euros.

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Speaker 2: Les question, where are we on the tariffs on tech like.

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Speaker 1: They were the ninety day reprieve on most of the

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Speaker 1: chips PC's phones, So we're in that ninety day reprieve actually.

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Speaker 2: So they were waking up in a video land or

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Speaker 2: Apple land, and it's like sort of normal.

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Speaker 3: Kind of well right as you put it's being put

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Speaker 3: in a different terraft bucket. So that's that's exactly how

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Speaker 3: the pros that have put it another stock on the

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Speaker 3: movie United Airlines, the shares have been as much as

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Speaker 3: six percent before the bell. It really took this unusual

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Speaker 3: step offering not one, but two possible earning scenarios. So

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Speaker 3: on one hand, you had it sitting it's twenty twenty

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Speaker 3: five outlook is achievable. But then on the other hand,

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Speaker 3: it's also warning that a recession could nearly have its

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Speaker 3: profit forecast, So it has the two sides, but shares

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Speaker 3: are higher. Investors kind of taking this as a sign

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Speaker 3: of relief. Maybe the airline expects to make more money

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Speaker 3: even in an economic downturn.

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Speaker 1: But it's something that's different.

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Speaker 3: I mean, you had Bloomberg Intelligence analyst George Ferguson, right,

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Speaker 3: we've had him on the show before. He's never seen

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Speaker 3: he said, he's never seen a company give a multi

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Speaker 3: scenario outlook before. So it's something unusual. But it's also

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Speaker 3: doing bringing the shares up for American airlines, for Delta Airlines.

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Speaker 3: And it's a shift because if you remember Delta last week,

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Speaker 3: they withdrew their twenty twenty five financial guidance, right, and

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Speaker 3: then you had the Paranorfrontier also withdrawing its full year

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Speaker 3: on profit outlook. So a little bit of a turn

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Speaker 3: for the airlines.

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Speaker 2: I just did the flight I look at on United Airlines,

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Speaker 2: you know, Newark Paris, and it's two eight hundred and

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Speaker 2: sixty eight dollars business class. Yeah, that's cheap.

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Speaker 1: That's cheap up in August.

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Speaker 2: Okay, that's I mean I've paid a lot, lot lot

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Speaker 2: more than that. Okay, it's slow out there, yeah, I

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Speaker 2: think you know there's some empty seats next Okay.

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Speaker 3: Lastly, Tesla shares have been down as much as two

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Speaker 3: percent before they're open. One of the reasons for this,

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Speaker 3: Reuters has this report out that says that it's suspended

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Speaker 3: plants to ship components from China for cybercabin semi electric

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Speaker 3: trucks in the US, and they're saying that could disrupt

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Speaker 3: its Tesla's plan to start mass production of the model.

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Speaker 3: So that's the reason for that. Not clear how long

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Speaker 3: this suspension is going to last. But I mean Tesla

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Speaker 3: was really ready to absorb those add additional costs when

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Speaker 3: they said, you know, thirty four percent terraffs, I'm Chinese good.

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Speaker 3: But then the tariffs went beyond that and things change,

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Speaker 3: so now they don't know if they can absorb the

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Speaker 3: costs anymore. So that's the reason for those shares. But

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Speaker 3: it's really been a battle for Tesla stock shares.

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Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 1: us throughout today for the latest roundup of companies making

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Speaker 1: news on Wall Street and for the latest market moving headlines.

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Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg

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Speaker 1: dot com and on Applecarplay. And Andrew an Atto with

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Speaker 1: the Bloomberg Business app. Mm hmm