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 3: I'm Carol Master along with Tim Stenebeck. Let's get to
Speaker 3: some stocks on the move, and with us to do
Speaker 3: that is Bloomberg News Crossouset reporter Deniza Sikova joining us.
Speaker 3: We're all talking about Nvidia and Google today. Both of
Speaker 3: these stocks are moving.
Speaker 4: Yeah, the big trade has been Nvidia down more than
Speaker 4: four percent, it feels much as seven percent, and Alphabet
Speaker 4: is up more than one percent. The ticker, of course
Speaker 4: is gogl. Of course it's coming off in video and
Speaker 4: Google AI chiap race intensifying. This has been something people
Speaker 4: have been warning for a long time, but it seems
Speaker 4: that the latest trust was, as Meta reportedly is, in
Speaker 4: tolks to spend billions on Google sayah Ai. Alphabet already
Speaker 4: has an agreement to supply up to one million chips
Speaker 4: to on Tropics. So it seems like those TPO chips,
Speaker 4: which actually Alphabet developed more than ten years ago, are
Speaker 4: now gaining momentum outside of Google as a way to
Speaker 4: train and run complex air models, and it seems like
Speaker 4: we're seeing quite a reaction in markets. Google is approaching
Speaker 4: four trillion dollar market valuation is up seventy percent this year.
Speaker 4: In Vidia, which has been in the center of all
Speaker 4: the AI bubble jitters in the last few years, is
Speaker 4: only thirty percent this year. So this agreement would maybe
Speaker 4: establish TPU as an alternative to video chips, and the
Speaker 4: whole industry is obviously looking as the focus was only
Speaker 4: on in video as the main name that was giving
Speaker 4: chips to Meta to open AI, and now competition is
Speaker 4: emerging from a little known corner of the market.
Speaker 1: I would say, yeah, it's pretty remarkable to see how
Speaker 1: Alphabet has performed this year. We had a great conversation
Speaker 1: with Ian King on Chip King earlier in our broadcast
Speaker 1: everybody shoul check it out on the Bloomberg terminal and
Speaker 1: on our podcast feed.
Speaker 3: Yeah, I mean, just this story and just kind of
Speaker 3: how things can can change the twist and turns. Of course,
Speaker 3: n Video NVDA is the ticker, and Alphabet is googl.
Speaker 3: Some of the retailers really some big moves. Let's go
Speaker 3: to Abercrom and Fitch. This stock is just soaring today.
Speaker 4: Yeah, it's incredible thinking about storage changing. Abercrombie had dropped
Speaker 4: fifty six percent through Monday, but just today shares are
Speaker 4: up thirty five percent. It comes on fundamentals. This is
Speaker 4: not purely a mean move. The retailer raised the low
Speaker 4: end of its twenty twenty six net sales and earning
Speaker 4: per share guidance. Investors are clearly really excited about it,
Speaker 4: buying the deep. The ticker, of course, is an f
Speaker 4: the big winner. It's Hollyster brand. This is what everyone
Speaker 4: have been watching. Sales at Holyyster jump sixteen percent, strong
Speaker 4: back to school demand. This is what they're saying in
Speaker 4: net sales will grow about sixty seven percent this year.
Speaker 4: The move shows that the trendary retailer is working. They
Speaker 4: had like a big moment last year and then it
Speaker 4: seems like it was struggling this year. But the new
Speaker 4: chief executive officer has been trying to draw older customers
Speaker 4: to Abercrombie Bruant while Hollister is going for the young,
Speaker 4: younger consumers, and that's been working. They've been attracting both
Speaker 4: type of consumers and it's really paying off today. What
Speaker 4: a jump.
Speaker 3: Yeah, And we should just mention real quickly that Cole's
Speaker 3: is also moving in a big way. Ticker is KSS
Speaker 3: and it's up about forty percent. Just got about ten seconds.
Speaker 3: What do we need to know real quickly?
Speaker 4: Yeah again, this is again about follows the retailer boost
Speaker 4: the Titaniel forecast after third quarter results, stop expectation, but
Speaker 4: same story as Abercrombie. Really impressive rally oh more than
Speaker 4: fifty percent this year, higher than n video.
Speaker 3: Pretty wild, Pretty wild.
Speaker 2: The stock mover's report from Bloomberg Radio. Check back with
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