1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,800 --> 00:00:19,400 Speaker 3: Let's take a look at some stocks and indexes on 5 00:00:19,440 --> 00:00:21,799 Speaker 3: the move this week. What a week it has been 6 00:00:22,239 --> 00:00:24,880 Speaker 3: for that word joined with Bloomberg News Equities reporter and 7 00:00:24,920 --> 00:00:28,560 Speaker 3: deputy team leader for US Equities Carmon Ryanikey Carmen. 8 00:00:29,800 --> 00:00:32,159 Speaker 1: What stood out? It was a whirlwind of a week, 9 00:00:32,320 --> 00:00:32,760 Speaker 1: a lot. 10 00:00:32,560 --> 00:00:35,560 Speaker 3: Of volatility, some social media posts, some press conferences. 11 00:00:35,560 --> 00:00:36,720 Speaker 1: What stands out totally? 12 00:00:36,760 --> 00:00:38,960 Speaker 4: I mean, I'm always looking at the chip stocks. So 13 00:00:39,040 --> 00:00:42,959 Speaker 4: AMD Advanced micro Device's top in my list. It had 14 00:00:42,960 --> 00:00:45,760 Speaker 4: a big jump on Wednesday, up nine percent that closed 15 00:00:45,800 --> 00:00:49,720 Speaker 4: at a record high. It was after earlier in the week. 16 00:00:49,800 --> 00:00:52,480 Speaker 4: So on Tuesday it landed a major deal from Oracle, 17 00:00:53,200 --> 00:00:55,320 Speaker 4: which was really read as a sign that the company's 18 00:00:55,360 --> 00:00:59,120 Speaker 4: making headway and sort of pursuing in video's lead in 19 00:00:59,160 --> 00:01:03,800 Speaker 4: the market for AI processors. So basically Oracle is gonna 20 00:01:04,360 --> 00:01:08,120 Speaker 4: or deploy AMD chips in some of its data centers. 21 00:01:08,640 --> 00:01:11,440 Speaker 4: But AMD also this stock has had an incredible run 22 00:01:11,600 --> 00:01:14,559 Speaker 4: just over the last I mean four weeks. It's ended 23 00:01:14,560 --> 00:01:18,920 Speaker 4: in the green. Obviously earlier in the months they had 24 00:01:18,920 --> 00:01:21,840 Speaker 4: this packed with open AI that also really lifted shares. 25 00:01:21,880 --> 00:01:24,840 Speaker 4: So just one that we've really been watching in the 26 00:01:24,880 --> 00:01:25,640 Speaker 4: whole AI theme. 27 00:01:25,720 --> 00:01:27,800 Speaker 5: I mean, as you said, up more than eight percent 28 00:01:27,880 --> 00:01:29,920 Speaker 5: this week, AMD of course is the ticker, and then 29 00:01:30,000 --> 00:01:32,520 Speaker 5: up the prior week up thirty percent. I mean it's 30 00:01:32,520 --> 00:01:34,000 Speaker 5: just been on a tear. I love to look at 31 00:01:34,120 --> 00:01:36,320 Speaker 5: the semis overall. I mean they gained as a group 32 00:01:36,640 --> 00:01:38,560 Speaker 5: like six percent for the week overall. There's just been 33 00:01:38,560 --> 00:01:39,640 Speaker 5: so much momentum there. 34 00:01:39,720 --> 00:01:40,560 Speaker 4: Yeah, totally. 35 00:01:40,800 --> 00:01:42,400 Speaker 1: Yeah, what else is on your radar? 36 00:01:42,560 --> 00:01:42,720 Speaker 5: Yeah? 37 00:01:42,720 --> 00:01:46,000 Speaker 4: So the other big one on yes, exactly. We got 38 00:01:46,040 --> 00:01:48,200 Speaker 4: a little bit of like twenty twenty three day Javu, 39 00:01:48,240 --> 00:01:52,840 Speaker 4: which was horrifying. So shares of Zion, which is tickers 40 00:01:52,880 --> 00:01:56,200 Speaker 4: z io N and Western Alliance ticker w AL. They 41 00:01:56,240 --> 00:01:58,640 Speaker 4: both fell Thursday after they said they were victims of 42 00:01:58,720 --> 00:02:02,720 Speaker 4: fraud on loans to fund that invests, specifically in distressed 43 00:02:02,720 --> 00:02:06,960 Speaker 4: commercial mortgages. So today most of these stocks rebounded. The 44 00:02:07,000 --> 00:02:09,080 Speaker 4: sector was looking a lot more stable. There were a 45 00:02:09,080 --> 00:02:11,680 Speaker 4: couple of earnings reports from other companies that sort of 46 00:02:11,680 --> 00:02:16,280 Speaker 4: abated fears of credit stress, sort of spreading across the group, right, 47 00:02:17,080 --> 00:02:20,160 Speaker 4: But this was you know, really high profile, especially after 48 00:02:20,200 --> 00:02:24,679 Speaker 4: we've seen these stories from bankruptcy of Tricolor and then 49 00:02:24,880 --> 00:02:27,600 Speaker 4: First Brands, So definitely a lot of fears. I mean, 50 00:02:27,720 --> 00:02:30,400 Speaker 4: Jamie Diamond made the cockroaches statement earlier this week. 51 00:02:30,440 --> 00:02:31,760 Speaker 5: I can't say it enough this week. 52 00:02:31,919 --> 00:02:36,680 Speaker 4: Yeah, there's just a lot of eyes on this group, 53 00:02:36,720 --> 00:02:38,359 Speaker 4: and nobody wants to have another SVB. 54 00:02:38,720 --> 00:02:41,080 Speaker 3: So I was gonna say it stays opposite though, of 55 00:02:41,520 --> 00:02:44,200 Speaker 3: the semi stocks down four weeks in around both the companies, 56 00:02:44,240 --> 00:02:46,640 Speaker 3: so that's a selling pressure for a little while. 57 00:02:46,800 --> 00:02:47,360 Speaker 1: Absolutely. 58 00:02:47,400 --> 00:02:50,280 Speaker 5: I was looking at Zion's down about five percent for 59 00:02:50,320 --> 00:02:53,160 Speaker 5: the week overall ticker zio in and then Western Alliance 60 00:02:53,200 --> 00:02:55,680 Speaker 5: ticker WL down about three and a quarter percent for 61 00:02:55,720 --> 00:02:58,840 Speaker 5: the week overall. So yeah, despite the bounce back today, 62 00:02:58,840 --> 00:02:59,880 Speaker 5: I still down for the week. 63 00:03:00,520 --> 00:03:03,560 Speaker 1: We go to Gollic Gold Miners. Yeah. 64 00:03:03,639 --> 00:03:07,160 Speaker 4: So gold has been you know, on an absolute tear 65 00:03:07,360 --> 00:03:09,959 Speaker 4: this year. I was talking to a source earlier that said, 66 00:03:09,960 --> 00:03:13,120 Speaker 4: if you want a defensive sector, it's gold stocks. You know, 67 00:03:13,200 --> 00:03:15,760 Speaker 4: investors look to them as a safe haven. They are 68 00:03:15,840 --> 00:03:18,720 Speaker 4: seen as you know, I think something if you're trying 69 00:03:18,720 --> 00:03:22,959 Speaker 4: to avoid volatility. But today fell off a little bit. 70 00:03:23,160 --> 00:03:30,040 Speaker 4: So the nicey Arca Gold Miners Index, which is ticker GDM, 71 00:03:30,440 --> 00:03:33,880 Speaker 4: was down six percent today. It's the biggest drop since May. 72 00:03:34,840 --> 00:03:37,240 Speaker 4: Bullyan fell more than two percent, and sort of within 73 00:03:37,320 --> 00:03:40,440 Speaker 4: that group, a Neumont ticker n e M was down 74 00:03:40,600 --> 00:03:45,440 Speaker 4: more than seven percent, Agniko Eagle Minds ae M was 75 00:03:45,480 --> 00:03:49,160 Speaker 4: down six percent, and Barrack Mining Corp. Ticker b also 76 00:03:49,200 --> 00:03:52,360 Speaker 4: retreated a little bit more than six percent. This index 77 00:03:52,440 --> 00:03:54,840 Speaker 4: is up still more than one hundred and thirty percent 78 00:03:54,880 --> 00:03:57,440 Speaker 4: for the year, so you know, this is obviously still 79 00:03:57,480 --> 00:04:00,680 Speaker 4: a really bullish story. But we're just seeing I guess 80 00:04:00,720 --> 00:04:03,119 Speaker 4: people sort of trying to lock in some profits and 81 00:04:03,360 --> 00:04:05,320 Speaker 4: you know, say, all right, we've had a great run. 82 00:04:05,440 --> 00:04:07,440 Speaker 4: Maybe we'll we'll get some money. 83 00:04:07,520 --> 00:04:07,680 Speaker 5: Then. 84 00:04:07,960 --> 00:04:10,160 Speaker 1: The interesting thing to me was Bill Gross coming in 85 00:04:10,200 --> 00:04:13,240 Speaker 1: though and calling gold a meme or a momentum. 86 00:04:12,640 --> 00:04:16,800 Speaker 3: Asset, so right that poking the bubble, poking the retail 87 00:04:17,000 --> 00:04:18,920 Speaker 3: just jealous, Yeah, that's what I'm thinking. 88 00:04:19,120 --> 00:04:22,120 Speaker 5: I mean, it's listen, gold was such a hated trade 89 00:04:22,200 --> 00:04:24,440 Speaker 5: for such a long time, you know, going back a 90 00:04:24,440 --> 00:04:27,320 Speaker 5: few years, it is pretty wild to see the out 91 00:04:27,360 --> 00:04:30,040 Speaker 5: performance and I do think about you know, this pushback 92 00:04:30,080 --> 00:04:32,240 Speaker 5: on us exceptionalism or pushback on the dollar. 93 00:04:32,400 --> 00:04:33,400 Speaker 1: And I think it's been a. 94 00:04:33,320 --> 00:04:36,880 Speaker 5: Lot of central banks around the world right that have 95 00:04:36,880 --> 00:04:37,920 Speaker 5: been buying up gold too. 96 00:04:38,080 --> 00:04:40,240 Speaker 1: And it was interesting Jamie Diamond came out saying you 97 00:04:40,279 --> 00:04:40,640 Speaker 1: could go. 98 00:04:40,560 --> 00:04:42,920 Speaker 3: To like five thousand or ten thousand dollars and ounce 99 00:04:42,960 --> 00:04:44,080 Speaker 3: from current environments. 100 00:04:44,120 --> 00:04:49,000 Speaker 5: So selling my gold, Melton, I'm down happy, melting them down. 101 00:04:50,279 --> 00:04:54,320 Speaker 2: The stock Mover's report from Bloomberg Radio. 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