1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,960 --> 00:00:18,759 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,760 --> 00:00:21,799 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel. With a 6 00:00:21,840 --> 00:00:26,160 Speaker 3: lot going on in the micro space. Val starting with Broadcom. 7 00:00:26,320 --> 00:00:29,800 Speaker 3: They are seeing a big bid up this morning. Good morning, big. 8 00:00:29,600 --> 00:00:32,520 Speaker 1: Big up and also boosting Nasdaq futures as we speak. 9 00:00:32,560 --> 00:00:36,400 Speaker 1: Broadcom up over nine percent in pre market trade. They 10 00:00:36,440 --> 00:00:40,159 Speaker 1: want to eat into Navidia's lucrative slice of the AI 11 00:00:40,240 --> 00:00:44,240 Speaker 1: chip sector. They announce a partnership with chat GPT's open 12 00:00:44,320 --> 00:00:47,800 Speaker 1: Ai yesterday alongside a strong outlook in its earnings. But 13 00:00:47,840 --> 00:00:51,280 Speaker 1: this partnership is to design and produce an AI chip 14 00:00:51,320 --> 00:00:54,760 Speaker 1: for open Ai, the CEO saying they've already nailed down 15 00:00:54,920 --> 00:00:58,320 Speaker 1: ten billion dollars worth of orders with plans to ship 16 00:00:58,360 --> 00:01:01,280 Speaker 1: this chip next year. It's also giving Navidia is something 17 00:01:01,280 --> 00:01:03,600 Speaker 1: to think about. The shares of Navidia down eight tenths 18 00:01:03,600 --> 00:01:06,440 Speaker 1: of one percent with this new potential new entrant into 19 00:01:06,440 --> 00:01:08,119 Speaker 1: its lucrative slice of the market. 20 00:01:08,480 --> 00:01:11,480 Speaker 3: And we got some breaking news involving Tesla this morning. 21 00:01:11,680 --> 00:01:14,399 Speaker 3: This will raise many an eyebrow this morning. 22 00:01:14,720 --> 00:01:18,000 Speaker 1: Yeah, Tesla is up nearly two percent in pre market trade. 23 00:01:18,000 --> 00:01:22,720 Speaker 1: The board has proposed a new compensation package for the CEO, 24 00:01:22,920 --> 00:01:27,520 Speaker 1: Elon Musk, saying that incentivizing Elon is fundamental for Tesla 25 00:01:27,560 --> 00:01:30,240 Speaker 1: to achieve its goal. But what is that number that 26 00:01:30,360 --> 00:01:33,160 Speaker 1: might incentivize Elon In the board's mind, it could be 27 00:01:33,200 --> 00:01:35,760 Speaker 1: potentially one trillion dollars. 28 00:01:35,880 --> 00:01:37,959 Speaker 4: Yes, that's not a mistake. One trillion dollars. 29 00:01:38,000 --> 00:01:41,560 Speaker 1: The incentive package potentially danging out there as a payoff 30 00:01:41,600 --> 00:01:45,319 Speaker 1: if Tesla hits a series of quite ambitious targets. One 31 00:01:45,319 --> 00:01:47,520 Speaker 1: of them could be to grow Tesla to an eight 32 00:01:47,600 --> 00:01:49,960 Speaker 1: and a half billion market cap in nathan That is 33 00:01:50,040 --> 00:01:54,280 Speaker 1: quite ambitious, twice that of Navidia. But the shares of 34 00:01:54,320 --> 00:01:57,280 Speaker 1: Tesla are liking Perhaps this new incentive for Elon. 35 00:01:57,400 --> 00:01:59,120 Speaker 4: Up two percent in pre market trade. 36 00:01:59,200 --> 00:02:02,160 Speaker 3: Yeah, eight and a half te billion dollars for market capitalization 37 00:02:02,520 --> 00:02:07,000 Speaker 3: is quite the goal. In the meantime, Valerie some other 38 00:02:07,040 --> 00:02:10,880 Speaker 3: companies that reported earnings not doing so well. Let's take 39 00:02:10,880 --> 00:02:11,960 Speaker 3: a look at Lululemon. 40 00:02:12,320 --> 00:02:16,680 Speaker 1: Lululemon down over eighteen percent in pre market trade. Another 41 00:02:16,960 --> 00:02:20,200 Speaker 1: round of bad news for the athleisure waar company. Sales 42 00:02:20,240 --> 00:02:24,240 Speaker 1: disappointed for a third quarter in a row. They slash 43 00:02:24,320 --> 00:02:27,880 Speaker 1: their outlook, cutting both revenue and earnings per share. The 44 00:02:27,919 --> 00:02:30,480 Speaker 1: company also warned of a two hundred and forty dollars 45 00:02:31,120 --> 00:02:33,960 Speaker 1: million dollar hit from Trump's decision to end the d 46 00:02:34,200 --> 00:02:37,320 Speaker 1: Minimus rule on small packages shipped to the US. This 47 00:02:37,360 --> 00:02:39,919 Speaker 1: is another bag sign for the yoga war retailer, whose 48 00:02:39,960 --> 00:02:43,640 Speaker 1: stock has already fallen over forty five percent year to date. 49 00:02:43,720 --> 00:02:47,400 Speaker 1: Lululemon suffering from earnings down over eighteen percent, and. 50 00:02:47,360 --> 00:02:50,240 Speaker 3: We also got earnings from DocuSign. How's that stock doing? 51 00:02:50,480 --> 00:02:52,480 Speaker 4: Yeah, Docu sign up eight and a quarter percent. 52 00:02:52,560 --> 00:02:55,960 Speaker 1: This is the electronic signature company boosted its annual outlook 53 00:02:56,240 --> 00:02:57,959 Speaker 1: on the back of a push to ramp up its 54 00:02:58,040 --> 00:02:59,880 Speaker 1: AI offerings. 55 00:03:00,760 --> 00:03:05,000 Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us 56 00:03:05,040 --> 00:03:07,840 Speaker 2: throughout the day for the latest roundup of companies making 57 00:03:07,919 --> 00:03:11,520 Speaker 2: news on Wall Street and for the latest market moving headlines. 58 00:03:11,720 --> 00:03:15,760 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 59 00:03:15,800 --> 00:03:18,880 Speaker 2: dot com, and on Applecarplay and Android Auto with the 60 00:03:18,880 --> 00:03:20,280 Speaker 2: Bloomberg Business app.