Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel. On a
Speaker 3: positive morning, and some of that positivity is being driven
Speaker 3: not just around optimism around the government's shutdown may be ending,
Speaker 3: but advanced micro devices. Some bullish comments from the CEO
Speaker 3: Valory good morning.
Speaker 1: Yeah, yeah, Optimism around tech really leading the NASDAC hire
Speaker 1: this morning. AMD is a big part of that. Shares
Speaker 1: up just shy of five percent so far in pre
Speaker 1: market trade. The CEO at a company event late yesterday
Speaker 1: giving a bullish medium term outlook on revenue growth, expecting
Speaker 1: revenue growth over thirty five percent over the next three
Speaker 1: to five years an AI data center revenue to increase
Speaker 1: by eighty percent over that same period. She also expects
Speaker 1: a total AI chip market to reach one trillion dollars
Speaker 1: by twenty thirty. And this is key because AMD is
Speaker 1: one of Nividia's main rivals in the space when it
Speaker 1: comes to sophisticated AI chips. They have around a ten
Speaker 1: percent market share in that market. Nividia is the dominant player,
Speaker 1: but AMD has been doing quite well signing these deals
Speaker 1: with open Ai and Oracle. The CEO also added something
Speaker 1: interesting when it comes to the biggest data center owners,
Speaker 1: saying that they are telling her that they are still
Speaker 1: going to accelerate the pace of investment. She's saying it's
Speaker 1: not going to level off. So AMD adding the positivity
Speaker 1: to the NASAQ this morning these shares of five percent.
Speaker 3: And even more positive in a big way. Bill Holdings what's.
Speaker 1: Called on there bill Holdings, so this is a business
Speaker 1: payments firm is said to be exploring as sale. The
Speaker 1: shares are up twelve percent in pre market. They have
Speaker 1: been under pressure from an activist investor, Starboard Value, and
Speaker 1: it's being reported that they are exploring options including a
Speaker 1: sales to perhaps larger industry rivals, as well as also
Speaker 1: considering sales for private equity firms. Now in the business
Speaker 1: payments space, there has been a steady consolidation across the
Speaker 1: sector in recent years. They've been grappling with lower customer
Speaker 1: spending and intense competition. So Bill Holdings out looking for
Speaker 1: a bid and those shares are up near twelve percent.
Speaker 3: And odd on its heels and I use the term
Speaker 3: heels very importantly here. Shoemaker on Holdings. Yeah, Shoemaker on Holdings.
Speaker 1: This is the Swiss sneaker brand that is backed by
Speaker 1: Roger Fetter. I'm actually currently wearing a pair right now,
Speaker 1: of course you are. Shares are up nearly nine percent
Speaker 1: in pre market trades. A Swiss company, but it's listed
Speaker 1: in the US. They came out with a beat and
Speaker 1: a guidance raise as sales in Asia and Europe soared
Speaker 1: in the previous quarter, leading them to boost their full
Speaker 1: year sales forecast. So there is some progress in turn
Speaker 1: of beating out the more dominant sneaker players such as
Speaker 1: Nike and Puma. It seems like on On cloud On
Speaker 1: Holdings is doing a very good job doing that. Now,
Speaker 1: note that shares have been depressed this year. They're down
Speaker 1: around thirty five percent. They have actually underperformed rivals amid
Speaker 1: the tariff dispute between the US and Switzerland and the
Speaker 1: broader negotiations around apparel tariffs when it comes to exports
Speaker 1: from China. So On Holdings bucking that recent trend in
Speaker 1: the green up nearly nine percent.
Speaker 3: Let's close out with a stock in the red. This morning,
Speaker 3: Circle came out with earnings. They look pretty good, but
Speaker 3: the stock's moving lower. What's going on?
Speaker 1: Yeah, I guess there was a high bar for this
Speaker 1: earnings release. Circle Holdings is down near four percent. This
Speaker 1: is a stable coin issue that went public back in June.
Speaker 1: They have the US Sorry. Their stable coin in circulation
Speaker 1: is the second biggest, but they're falling after earnings, even
Speaker 1: though they had a beat in revenue for the previous quarter.
Speaker 1: The shares have risen more than two hundred percent since
Speaker 1: it went public back in June. So perhaps just a
Speaker 1: high bar given how much this stock has rallied. A
Speaker 1: Circle in the reds down four percent.
Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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