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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg Data.

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Speaker 2: Let's take a look at some stocks on the move today.

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Speaker 1: I'm Tom Keen with Paul Sweeney and Bloomberg's Lisa Manteo.

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Speaker 3: Okay, I want to start with Qualcomm takr Qcom. It's

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Speaker 3: down as much as four percent, now starting to recover

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Speaker 3: from that dip just a bit. But basically, China's market

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Speaker 3: regulator they opened an anti monopoly investigation into Qualcom over

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Speaker 3: its acquisition of Israel's Auto Talks. This is really just

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Speaker 3: comes down to this ongoing tit for tat right ahead

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Speaker 3: of a meeting between Presidents Jenping and Donald Trump. China

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Speaker 3: also slapped new port fees on US ships that's starting

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Speaker 3: October fourteenth. But if we take it back to Qualcomm,

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Speaker 3: right that deal with Auto Talks. It was announced back

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Speaker 3: in June and China's market regulator saying it's looking into

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Speaker 3: the deals violations of the country's anti monopoly low. Qualcom technology,

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Speaker 3: as you know, used in smartphones and networking as well,

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Speaker 3: but there's been other investigations too by Chinese regulators. So

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Speaker 3: this is not the first. You know, they were looking

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Speaker 3: into in Video's twenty twenty acquisition of Melanox too, So

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Speaker 3: this is just kind of another investigation that's being launched

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Speaker 3: now for Qualcom. And then I go to Levi Strauss

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Speaker 3: It's ticker V.

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Speaker 2: Guess that's a company I know.

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Speaker 3: Ah no, I promise no. Their shares down as much

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Speaker 3: as seven percent, Okay, So basically they had good news.

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Speaker 3: They raised their full year outlook. The company's gross margin improved.

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Speaker 3: They said higher prices larger volume of sales for these

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Speaker 3: profitable channels helped. The issue is tariffs. The CEO said,

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Speaker 3: they're starting to feel the impact of tariffs in the

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Speaker 3: third quarter. They continue to expect tariffs at thirty percent

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Speaker 3: of thirty percent in China, but increase that expectation to

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Speaker 3: twenty percent for the rest of the world. And that's

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Speaker 3: kind of where investors got a little uneasy. So the

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Speaker 3: company said, you know what, they're set for the upcoming

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Speaker 3: holiday season. They already have seventy percent of the product

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Speaker 3: they need, and they're also banking on this new rise

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Speaker 3: in Western clothing. It's a popular thing. More people buying

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Speaker 3: Western clothing, hence Levi's and jeans.

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Speaker 2: Saying hair of five ones cost.

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Speaker 3: Oh, I think I bought a pair for gosh, seventy

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Speaker 3: bucks about seventy dollars.

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Speaker 2: Yeah, I remember they went to nine to ninety five

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Speaker 2: and my father announced I will not buy blue jeans

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Speaker 2: over ten dollars air. Oof, that was a few years ago.

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Speaker 3: Good luck. So theriff is there will be a thirty

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Speaker 3: percent add on to your seventy dollars. Levi's not sure

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Speaker 3: if it's passing on to the customer, but they have

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Speaker 3: raised their prices so in China, if that yes, if

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Speaker 3: that correlates.

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Speaker 2: Yeah, okay.

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Speaker 3: Next fascinating last one data center developer Applied Digital. Okay,

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Speaker 3: I knew, I know, I know, Sorry tick your APLD.

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Speaker 3: I mean their shares are up more than twenty five percent.

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Speaker 3: So it did post stronger than expected quarterly results, right,

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Speaker 3: but it said it's now in advanced talks with a

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Speaker 3: hyperscaler client for its second data center campus in North Dakota.

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Speaker 3: So another data center campus. And then yes, there's also

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Speaker 3: this finalize a new lease agreement AI cloud computing company

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Speaker 3: cor We've core, We've we've been hearing a lot about.

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Speaker 2: Turning the stock. Tom stocks up twenty eight percent today

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Speaker 2: year to date two hundred and eighty three percent, that's

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Speaker 2: pretty good. Eighteen dollar market. What's a campus? I mean,

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Speaker 2: if you're building a data center in North Dakota, it's

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Speaker 2: like six employees and it's like when they take the

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Speaker 2: Arc and in the first raiders of the Lost Arc

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Speaker 2: and they I mean.

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Speaker 3: It's just a bunch of servers forever and they're ginormous.

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Speaker 3: Johs Dakota.

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Speaker 2: We get it done.

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Speaker 1: I get that.

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Speaker 3: I mean I thought the Amazon factories were big. These

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Speaker 3: are really big.

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Speaker 2: Surveillance electrician Paul Sweeney, is this about grids At the

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Speaker 2: end of the.

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Speaker 1: Day, it's those like big.

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Speaker 2: Wires when you're driving along the road and you're going,

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Speaker 2: are they giving me cancer? Exactly exactly, so we'll have

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Speaker 2: to say, see yeah. I mean, the companies that are

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Speaker 2: being and at least as stories every single day about

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Speaker 2: the capital spending associated with this AI build dot, it

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Speaker 2: just seems like a feeding frenzy and maybe it's all

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Speaker 2: going to play on all the and will generate good

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Speaker 2: returns for investors.

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Speaker 1: This stock Movers report from Bloomberg Radio. Check back with

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Speaker 1: us throughout the day. For the latest roundup of companies

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