Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some stocks on the move today.
Speaker 1: I'm Tom Keen with Paul Sweeney and Bloomberg's Lisa Manteo.
Speaker 3: Okay, I want to start with Qualcomm takr Qcom. It's
Speaker 3: down as much as four percent, now starting to recover
Speaker 3: from that dip just a bit. But basically, China's market
Speaker 3: regulator they opened an anti monopoly investigation into Qualcom over
Speaker 3: its acquisition of Israel's Auto Talks. This is really just
Speaker 3: comes down to this ongoing tit for tat right ahead
Speaker 3: of a meeting between Presidents Jenping and Donald Trump. China
Speaker 3: also slapped new port fees on US ships that's starting
Speaker 3: October fourteenth. But if we take it back to Qualcomm,
Speaker 3: right that deal with Auto Talks. It was announced back
Speaker 3: in June and China's market regulator saying it's looking into
Speaker 3: the deals violations of the country's anti monopoly low. Qualcom technology,
Speaker 3: as you know, used in smartphones and networking as well,
Speaker 3: but there's been other investigations too by Chinese regulators. So
Speaker 3: this is not the first. You know, they were looking
Speaker 3: into in Video's twenty twenty acquisition of Melanox too, So
Speaker 3: this is just kind of another investigation that's being launched
Speaker 3: now for Qualcom. And then I go to Levi Strauss
Speaker 3: It's ticker V.
Speaker 2: Guess that's a company I know.
Speaker 3: Ah no, I promise no. Their shares down as much
Speaker 3: as seven percent, Okay, So basically they had good news.
Speaker 3: They raised their full year outlook. The company's gross margin improved.
Speaker 3: They said higher prices larger volume of sales for these
Speaker 3: profitable channels helped. The issue is tariffs. The CEO said,
Speaker 3: they're starting to feel the impact of tariffs in the
Speaker 3: third quarter. They continue to expect tariffs at thirty percent
Speaker 3: of thirty percent in China, but increase that expectation to
Speaker 3: twenty percent for the rest of the world. And that's
Speaker 3: kind of where investors got a little uneasy. So the
Speaker 3: company said, you know what, they're set for the upcoming
Speaker 3: holiday season. They already have seventy percent of the product
Speaker 3: they need, and they're also banking on this new rise
Speaker 3: in Western clothing. It's a popular thing. More people buying
Speaker 3: Western clothing, hence Levi's and jeans.
Speaker 2: Saying hair of five ones cost.
Speaker 3: Oh, I think I bought a pair for gosh, seventy
Speaker 3: bucks about seventy dollars.
Speaker 2: Yeah, I remember they went to nine to ninety five
Speaker 2: and my father announced I will not buy blue jeans
Speaker 2: over ten dollars air. Oof, that was a few years ago.
Speaker 3: Good luck. So theriff is there will be a thirty
Speaker 3: percent add on to your seventy dollars. Levi's not sure
Speaker 3: if it's passing on to the customer, but they have
Speaker 3: raised their prices so in China, if that yes, if
Speaker 3: that correlates.
Speaker 2: Yeah, okay.
Speaker 3: Next fascinating last one data center developer Applied Digital. Okay,
Speaker 3: I knew, I know, I know, Sorry tick your APLD.
Speaker 3: I mean their shares are up more than twenty five percent.
Speaker 3: So it did post stronger than expected quarterly results, right,
Speaker 3: but it said it's now in advanced talks with a
Speaker 3: hyperscaler client for its second data center campus in North Dakota.
Speaker 3: So another data center campus. And then yes, there's also
Speaker 3: this finalize a new lease agreement AI cloud computing company
Speaker 3: cor We've core, We've we've been hearing a lot about.
Speaker 2: Turning the stock. Tom stocks up twenty eight percent today
Speaker 2: year to date two hundred and eighty three percent, that's
Speaker 2: pretty good. Eighteen dollar market. What's a campus? I mean,
Speaker 2: if you're building a data center in North Dakota, it's
Speaker 2: like six employees and it's like when they take the
Speaker 2: Arc and in the first raiders of the Lost Arc
Speaker 2: and they I mean.
Speaker 3: It's just a bunch of servers forever and they're ginormous.
Speaker 3: Johs Dakota.
Speaker 2: We get it done.
Speaker 1: I get that.
Speaker 3: I mean I thought the Amazon factories were big. These
Speaker 3: are really big.
Speaker 2: Surveillance electrician Paul Sweeney, is this about grids At the
Speaker 2: end of the.
Speaker 1: Day, it's those like big.
Speaker 2: Wires when you're driving along the road and you're going,
Speaker 2: are they giving me cancer? Exactly exactly, so we'll have
Speaker 2: to say, see yeah. I mean, the companies that are
Speaker 2: being and at least as stories every single day about
Speaker 2: the capital spending associated with this AI build dot, it
Speaker 2: just seems like a feeding frenzy and maybe it's all
Speaker 2: going to play on all the and will generate good
Speaker 2: returns for investors.
Speaker 1: This stock Movers report from Bloomberg Radio. Check back with
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