WEBVTT - Qualcomm Investigation; Applied Digital Jumps; Levi Dips

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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

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

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

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<v Speaker 3>down as much as four percent, now starting to recover

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

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<v Speaker 3>regulator they opened an anti monopoly investigation into Qualcom over

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<v Speaker 3>its acquisition of Israel's Auto Talks. This is really just

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<v Speaker 3>comes down to this ongoing tit for tat right ahead

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<v Speaker 3>of a meeting between Presidents Jenping and Donald Trump. China

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<v Speaker 3>also slapped new port fees on US ships that's starting

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<v Speaker 3>October fourteenth. But if we take it back to Qualcomm,

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<v Speaker 3>right that deal with Auto Talks. It was announced back

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<v Speaker 3>in June and China's market regulator saying it's looking into

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

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<v Speaker 3>as you know, used in smartphones and networking as well,

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<v Speaker 3>but there's been other investigations too by Chinese regulators. So

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<v Speaker 3>this is not the first. You know, they were looking

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<v Speaker 3>into in Video's twenty twenty acquisition of Melanox too, So

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<v Speaker 3>this is just kind of another investigation that's being launched

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<v Speaker 3>now for Qualcom. And then I go to Levi Strauss

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<v Speaker 3>It's ticker V.

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<v Speaker 2>Guess that's a company I know.

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<v Speaker 3>Ah no, I promise no. Their shares down as much

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<v Speaker 3>as seven percent, Okay, So basically they had good news.

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

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<v Speaker 3>They said higher prices larger volume of sales for these

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<v Speaker 3>profitable channels helped. The issue is tariffs. The CEO said,

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<v Speaker 3>they're starting to feel the impact of tariffs in the

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<v Speaker 3>third quarter. They continue to expect tariffs at thirty percent

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<v Speaker 3>of thirty percent in China, but increase that expectation to

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<v Speaker 3>twenty percent for the rest of the world. And that's

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<v Speaker 3>kind of where investors got a little uneasy. So the

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<v Speaker 3>company said, you know what, they're set for the upcoming

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<v Speaker 3>holiday season. They already have seventy percent of the product

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<v Speaker 3>they need, and they're also banking on this new rise

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<v Speaker 3>in Western clothing. It's a popular thing. More people buying

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<v Speaker 3>Western clothing, hence Levi's and jeans.

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<v Speaker 2>Saying hair of five ones cost.

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<v Speaker 3>Oh, I think I bought a pair for gosh, seventy

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<v Speaker 3>bucks about seventy dollars.

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<v Speaker 2>Yeah, I remember they went to nine to ninety five

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<v Speaker 2>and my father announced I will not buy blue jeans

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<v Speaker 2>over ten dollars air. Oof, that was a few years ago.

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<v Speaker 3>Good luck. So theriff is there will be a thirty

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<v Speaker 3>percent add on to your seventy dollars. Levi's not sure

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<v Speaker 3>if it's passing on to the customer, but they have

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<v Speaker 3>raised their prices so in China, if that yes, if

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<v Speaker 3>that correlates.

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<v Speaker 2>Yeah, okay.

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<v Speaker 3>Next fascinating last one data center developer Applied Digital. Okay,

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<v Speaker 3>I knew, I know, I know, Sorry tick your APLD.

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<v Speaker 3>I mean their shares are up more than twenty five percent.

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<v Speaker 3>So it did post stronger than expected quarterly results, right,

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<v Speaker 3>but it said it's now in advanced talks with a

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<v Speaker 3>hyperscaler client for its second data center campus in North Dakota.

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

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<v Speaker 3>this finalize a new lease agreement AI cloud computing company

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<v Speaker 3>cor We've core, We've we've been hearing a lot about.

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<v Speaker 2>Turning the stock. Tom stocks up twenty eight percent today

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<v Speaker 2>year to date two hundred and eighty three percent, that's

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

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

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<v Speaker 2>like six employees and it's like when they take the

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<v Speaker 2>Arc and in the first raiders of the Lost Arc

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<v Speaker 2>and they I mean.

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

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<v Speaker 3>Johs Dakota.

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<v Speaker 2>We get it done.

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<v Speaker 1>I get that.

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<v Speaker 3>I mean I thought the Amazon factories were big. These

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<v Speaker 3>are really big.

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<v Speaker 2>Surveillance electrician Paul Sweeney, is this about grids At the

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<v Speaker 2>end of the.

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<v Speaker 1>Day, it's those like big.

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<v Speaker 2>Wires when you're driving along the road and you're going,

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

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<v Speaker 2>to say, see yeah. I mean, the companies that are

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<v Speaker 2>being and at least as stories every single day about

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<v Speaker 2>the capital spending associated with this AI build dot, it

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<v Speaker 2>just seems like a feeding frenzy and maybe it's all

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<v Speaker 2>going to play on all the and will generate good

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<v Speaker 2>returns for investors.

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<v Speaker 1>This stock Movers report from Bloomberg Radio. Check back with

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