WEBVTT - AMD Rallies; Bill Holdings Soars on Sale Talks; On Holding Climbs

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>This Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Valerie Titel. On a

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<v Speaker 3>positive morning, and some of that positivity is being driven

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<v Speaker 3>not just around optimism around the government's shutdown may be ending,

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<v Speaker 3>but advanced micro devices. Some bullish comments from the CEO

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<v Speaker 3>Valory good morning.

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<v Speaker 1>Yeah, yeah, Optimism around tech really leading the NASDAC hire

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<v Speaker 1>this morning. AMD is a big part of that. Shares

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<v Speaker 1>up just shy of five percent so far in pre

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<v Speaker 1>market trade. The CEO at a company event late yesterday

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<v Speaker 1>giving a bullish medium term outlook on revenue growth, expecting

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<v Speaker 1>revenue growth over thirty five percent over the next three

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<v Speaker 1>to five years an AI data center revenue to increase

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<v Speaker 1>by eighty percent over that same period. She also expects

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<v Speaker 1>a total AI chip market to reach one trillion dollars

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<v Speaker 1>by twenty thirty. And this is key because AMD is

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<v Speaker 1>one of Nividia's main rivals in the space when it

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<v Speaker 1>comes to sophisticated AI chips. They have around a ten

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<v Speaker 1>percent market share in that market. Nividia is the dominant player,

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<v Speaker 1>but AMD has been doing quite well signing these deals

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<v Speaker 1>with open Ai and Oracle. The CEO also added something

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<v Speaker 1>interesting when it comes to the biggest data center owners,

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<v Speaker 1>saying that they are telling her that they are still

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<v Speaker 1>going to accelerate the pace of investment. She's saying it's

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<v Speaker 1>not going to level off. So AMD adding the positivity

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<v Speaker 1>to the NASAQ this morning these shares of five percent.

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<v Speaker 3>And even more positive in a big way. Bill Holdings what's.

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<v Speaker 1>Called on there bill Holdings, so this is a business

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<v Speaker 1>payments firm is said to be exploring as sale. The

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<v Speaker 1>shares are up twelve percent in pre market. They have

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<v Speaker 1>been under pressure from an activist investor, Starboard Value, and

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<v Speaker 1>it's being reported that they are exploring options including a

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<v Speaker 1>sales to perhaps larger industry rivals, as well as also

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<v Speaker 1>considering sales for private equity firms. Now in the business

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<v Speaker 1>payments space, there has been a steady consolidation across the

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<v Speaker 1>sector in recent years. They've been grappling with lower customer

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<v Speaker 1>spending and intense competition. So Bill Holdings out looking for

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<v Speaker 1>a bid and those shares are up near twelve percent.

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<v Speaker 3>And odd on its heels and I use the term

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<v Speaker 3>heels very importantly here. Shoemaker on Holdings. Yeah, Shoemaker on Holdings.

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<v Speaker 1>This is the Swiss sneaker brand that is backed by

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<v Speaker 1>Roger Fetter. I'm actually currently wearing a pair right now,

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<v Speaker 1>of course you are. Shares are up nearly nine percent

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<v Speaker 1>in pre market trades. A Swiss company, but it's listed

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<v Speaker 1>in the US. They came out with a beat and

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<v Speaker 1>a guidance raise as sales in Asia and Europe soared

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<v Speaker 1>in the previous quarter, leading them to boost their full

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<v Speaker 1>year sales forecast. So there is some progress in turn

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<v Speaker 1>of beating out the more dominant sneaker players such as

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<v Speaker 1>Nike and Puma. It seems like on On cloud On

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<v Speaker 1>Holdings is doing a very good job doing that. Now,

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<v Speaker 1>note that shares have been depressed this year. They're down

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<v Speaker 1>around thirty five percent. They have actually underperformed rivals amid

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<v Speaker 1>the tariff dispute between the US and Switzerland and the

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<v Speaker 1>broader negotiations around apparel tariffs when it comes to exports

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<v Speaker 1>from China. So On Holdings bucking that recent trend in

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<v Speaker 1>the green up nearly nine percent.

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<v Speaker 3>Let's close out with a stock in the red. This morning,

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<v Speaker 3>Circle came out with earnings. They look pretty good, but

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<v Speaker 3>the stock's moving lower. What's going on?

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<v Speaker 1>Yeah, I guess there was a high bar for this

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<v Speaker 1>earnings release. Circle Holdings is down near four percent. This

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<v Speaker 1>is a stable coin issue that went public back in June.

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<v Speaker 1>They have the US Sorry. Their stable coin in circulation

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<v Speaker 1>is the second biggest, but they're falling after earnings, even

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<v Speaker 1>though they had a beat in revenue for the previous quarter.

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<v Speaker 1>The shares have risen more than two hundred percent since

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<v Speaker 1>it went public back in June. So perhaps just a

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<v Speaker 1>high bar given how much this stock has rallied. A

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<v Speaker 1>Circle in the reds down four percent.

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<v Speaker 2>The Stockmover's report from Bloomberg Radio. Check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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<v Speaker 2>news on Wall Street and for the latest market moving headlines.

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