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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Carol Master along with Tim Stenebeck. Let's get to

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Speaker 3: some stocks on the move, and with us to do

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Speaker 3: that is Bloomberg News Crossouset reporter Deniza Sikova joining us.

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Speaker 3: We're all talking about Nvidia and Google today. Both of

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Speaker 3: these stocks are moving.

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Speaker 4: Yeah, the big trade has been Nvidia down more than

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Speaker 4: four percent, it feels much as seven percent, and Alphabet

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Speaker 4: is up more than one percent. The ticker, of course

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Speaker 4: is gogl. Of course it's coming off in video and

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Speaker 4: Google AI chiap race intensifying. This has been something people

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Speaker 4: have been warning for a long time, but it seems

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Speaker 4: that the latest trust was, as Meta reportedly is, in

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Speaker 4: tolks to spend billions on Google sayah Ai. Alphabet already

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Speaker 4: has an agreement to supply up to one million chips

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Speaker 4: to on Tropics. So it seems like those TPO chips,

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Speaker 4: which actually Alphabet developed more than ten years ago, are

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Speaker 4: now gaining momentum outside of Google as a way to

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Speaker 4: train and run complex air models, and it seems like

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Speaker 4: we're seeing quite a reaction in markets. Google is approaching

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Speaker 4: four trillion dollar market valuation is up seventy percent this year.

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Speaker 4: In Vidia, which has been in the center of all

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Speaker 4: the AI bubble jitters in the last few years, is

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Speaker 4: only thirty percent this year. So this agreement would maybe

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Speaker 4: establish TPU as an alternative to video chips, and the

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Speaker 4: whole industry is obviously looking as the focus was only

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Speaker 4: on in video as the main name that was giving

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Speaker 4: chips to Meta to open AI, and now competition is

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Speaker 4: emerging from a little known corner of the market.

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Speaker 1: I would say, yeah, it's pretty remarkable to see how

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Speaker 1: Alphabet has performed this year. We had a great conversation

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Speaker 1: with Ian King on Chip King earlier in our broadcast

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Speaker 1: everybody shoul check it out on the Bloomberg terminal and

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Speaker 1: on our podcast feed.

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Speaker 3: Yeah, I mean, just this story and just kind of

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Speaker 3: how things can can change the twist and turns. Of course,

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Speaker 3: n Video NVDA is the ticker, and Alphabet is googl.

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Speaker 3: Some of the retailers really some big moves. Let's go

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Speaker 3: to Abercrom and Fitch. This stock is just soaring today.

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Speaker 4: Yeah, it's incredible thinking about storage changing. Abercrombie had dropped

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Speaker 4: fifty six percent through Monday, but just today shares are

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Speaker 4: up thirty five percent. It comes on fundamentals. This is

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Speaker 4: not purely a mean move. The retailer raised the low

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Speaker 4: end of its twenty twenty six net sales and earning

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Speaker 4: per share guidance. Investors are clearly really excited about it,

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Speaker 4: buying the deep. The ticker, of course, is an f

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Speaker 4: the big winner. It's Hollyster brand. This is what everyone

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Speaker 4: have been watching. Sales at Holyyster jump sixteen percent, strong

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Speaker 4: back to school demand. This is what they're saying in

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Speaker 4: net sales will grow about sixty seven percent this year.

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Speaker 4: The move shows that the trendary retailer is working. They

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Speaker 4: had like a big moment last year and then it

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Speaker 4: seems like it was struggling this year. But the new

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Speaker 4: chief executive officer has been trying to draw older customers

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Speaker 4: to Abercrombie Bruant while Hollister is going for the young,

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Speaker 4: younger consumers, and that's been working. They've been attracting both

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Speaker 4: type of consumers and it's really paying off today. What

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Speaker 4: a jump.

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Speaker 3: Yeah, And we should just mention real quickly that Cole's

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Speaker 3: is also moving in a big way. Ticker is KSS

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Speaker 3: and it's up about forty percent. Just got about ten seconds.

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Speaker 3: What do we need to know real quickly?

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Speaker 4: Yeah again, this is again about follows the retailer boost

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Speaker 4: the Titaniel forecast after third quarter results, stop expectation, but

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Speaker 4: same story as Abercrombie. Really impressive rally oh more than

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Speaker 4: fifty percent this year, higher than n video.

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Speaker 3: Pretty wild, Pretty wild.

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Speaker 2: The stock mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on wallst and for the latest market moving headlines.

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