1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,520 --> 00:00:12,440 Speaker 2: This Stock Movers Report, your roundup of companies making moves 3 00:00:12,440 --> 00:00:16,200 Speaker 2: in the stock market harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,360 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,360 --> 00:00:22,159 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel. On a 6 00:00:22,280 --> 00:00:25,720 Speaker 3: positive morning, and some of that positivity is being driven 7 00:00:25,760 --> 00:00:29,080 Speaker 3: not just around optimism around the government's shutdown may be ending, 8 00:00:29,200 --> 00:00:33,360 Speaker 3: but advanced micro devices. Some bullish comments from the CEO 9 00:00:33,479 --> 00:00:34,480 Speaker 3: Valory good morning. 10 00:00:34,280 --> 00:00:37,680 Speaker 1: Yeah, yeah, Optimism around tech really leading the NASDAC hire 11 00:00:37,680 --> 00:00:40,199 Speaker 1: this morning. AMD is a big part of that. Shares 12 00:00:40,280 --> 00:00:43,479 Speaker 1: up just shy of five percent so far in pre 13 00:00:43,600 --> 00:00:47,880 Speaker 1: market trade. The CEO at a company event late yesterday 14 00:00:47,920 --> 00:00:51,800 Speaker 1: giving a bullish medium term outlook on revenue growth, expecting 15 00:00:51,840 --> 00:00:55,040 Speaker 1: revenue growth over thirty five percent over the next three 16 00:00:55,120 --> 00:00:58,600 Speaker 1: to five years an AI data center revenue to increase 17 00:00:58,640 --> 00:01:02,560 Speaker 1: by eighty percent over that same period. She also expects 18 00:01:02,600 --> 00:01:06,280 Speaker 1: a total AI chip market to reach one trillion dollars 19 00:01:06,319 --> 00:01:09,440 Speaker 1: by twenty thirty. And this is key because AMD is 20 00:01:09,520 --> 00:01:12,840 Speaker 1: one of Nividia's main rivals in the space when it 21 00:01:12,880 --> 00:01:16,160 Speaker 1: comes to sophisticated AI chips. They have around a ten 22 00:01:16,160 --> 00:01:19,679 Speaker 1: percent market share in that market. Nividia is the dominant player, 23 00:01:19,720 --> 00:01:23,039 Speaker 1: but AMD has been doing quite well signing these deals 24 00:01:23,040 --> 00:01:26,640 Speaker 1: with open Ai and Oracle. The CEO also added something 25 00:01:26,680 --> 00:01:29,840 Speaker 1: interesting when it comes to the biggest data center owners, 26 00:01:29,880 --> 00:01:32,160 Speaker 1: saying that they are telling her that they are still 27 00:01:32,160 --> 00:01:35,280 Speaker 1: going to accelerate the pace of investment. She's saying it's 28 00:01:35,319 --> 00:01:38,679 Speaker 1: not going to level off. So AMD adding the positivity 29 00:01:38,720 --> 00:01:41,280 Speaker 1: to the NASAQ this morning these shares of five percent. 30 00:01:41,240 --> 00:01:45,440 Speaker 3: And even more positive in a big way. Bill Holdings what's. 31 00:01:45,360 --> 00:01:48,440 Speaker 1: Called on there bill Holdings, so this is a business 32 00:01:48,480 --> 00:01:52,080 Speaker 1: payments firm is said to be exploring as sale. The 33 00:01:52,120 --> 00:01:54,840 Speaker 1: shares are up twelve percent in pre market. They have 34 00:01:54,960 --> 00:01:58,680 Speaker 1: been under pressure from an activist investor, Starboard Value, and 35 00:01:58,720 --> 00:02:03,040 Speaker 1: it's being reported that they are exploring options including a 36 00:02:03,080 --> 00:02:06,800 Speaker 1: sales to perhaps larger industry rivals, as well as also 37 00:02:06,840 --> 00:02:10,240 Speaker 1: considering sales for private equity firms. Now in the business 38 00:02:10,280 --> 00:02:13,680 Speaker 1: payments space, there has been a steady consolidation across the 39 00:02:13,680 --> 00:02:16,840 Speaker 1: sector in recent years. They've been grappling with lower customer 40 00:02:16,880 --> 00:02:20,480 Speaker 1: spending and intense competition. So Bill Holdings out looking for 41 00:02:20,560 --> 00:02:23,160 Speaker 1: a bid and those shares are up near twelve percent. 42 00:02:23,200 --> 00:02:26,040 Speaker 3: And odd on its heels and I use the term 43 00:02:26,120 --> 00:02:34,280 Speaker 3: heels very importantly here. Shoemaker on Holdings. Yeah, Shoemaker on Holdings. 44 00:02:34,280 --> 00:02:36,919 Speaker 1: This is the Swiss sneaker brand that is backed by 45 00:02:37,000 --> 00:02:40,000 Speaker 1: Roger Fetter. I'm actually currently wearing a pair right now, 46 00:02:40,360 --> 00:02:44,640 Speaker 1: of course you are. Shares are up nearly nine percent 47 00:02:45,000 --> 00:02:47,280 Speaker 1: in pre market trades. A Swiss company, but it's listed 48 00:02:47,280 --> 00:02:49,359 Speaker 1: in the US. They came out with a beat and 49 00:02:49,400 --> 00:02:53,640 Speaker 1: a guidance raise as sales in Asia and Europe soared 50 00:02:53,800 --> 00:02:56,480 Speaker 1: in the previous quarter, leading them to boost their full 51 00:02:56,520 --> 00:02:59,880 Speaker 1: year sales forecast. So there is some progress in turn 52 00:03:00,160 --> 00:03:02,840 Speaker 1: of beating out the more dominant sneaker players such as 53 00:03:02,919 --> 00:03:06,280 Speaker 1: Nike and Puma. It seems like on On cloud On 54 00:03:06,320 --> 00:03:08,320 Speaker 1: Holdings is doing a very good job doing that. Now, 55 00:03:08,360 --> 00:03:11,040 Speaker 1: note that shares have been depressed this year. They're down 56 00:03:11,080 --> 00:03:14,880 Speaker 1: around thirty five percent. They have actually underperformed rivals amid 57 00:03:14,919 --> 00:03:17,520 Speaker 1: the tariff dispute between the US and Switzerland and the 58 00:03:17,520 --> 00:03:22,760 Speaker 1: broader negotiations around apparel tariffs when it comes to exports 59 00:03:22,760 --> 00:03:25,560 Speaker 1: from China. So On Holdings bucking that recent trend in 60 00:03:25,600 --> 00:03:26,959 Speaker 1: the green up nearly nine percent. 61 00:03:27,360 --> 00:03:29,480 Speaker 3: Let's close out with a stock in the red. This morning, 62 00:03:29,840 --> 00:03:32,520 Speaker 3: Circle came out with earnings. They look pretty good, but 63 00:03:32,880 --> 00:03:34,360 Speaker 3: the stock's moving lower. What's going on? 64 00:03:34,520 --> 00:03:36,080 Speaker 1: Yeah, I guess there was a high bar for this 65 00:03:36,120 --> 00:03:40,160 Speaker 1: earnings release. Circle Holdings is down near four percent. This 66 00:03:40,200 --> 00:03:42,880 Speaker 1: is a stable coin issue that went public back in June. 67 00:03:43,440 --> 00:03:46,840 Speaker 1: They have the US Sorry. Their stable coin in circulation 68 00:03:47,000 --> 00:03:49,480 Speaker 1: is the second biggest, but they're falling after earnings, even 69 00:03:49,480 --> 00:03:52,760 Speaker 1: though they had a beat in revenue for the previous quarter. 70 00:03:53,120 --> 00:03:55,440 Speaker 1: The shares have risen more than two hundred percent since 71 00:03:55,440 --> 00:03:57,880 Speaker 1: it went public back in June. So perhaps just a 72 00:03:57,960 --> 00:04:00,080 Speaker 1: high bar given how much this stock has rallied. A 73 00:04:00,200 --> 00:04:01,640 Speaker 1: Circle in the reds down four percent. 74 00:04:03,080 --> 00:04:07,280 Speaker 2: The Stockmover's report from Bloomberg Radio. 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