1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:19,520 Speaker 1: harnessing the power of Bloomberg Data right to the stock movers. 4 00:00:19,079 --> 00:00:22,759 Speaker 2: And lifting on certain market here the Stock Movers a 5 00:00:22,800 --> 00:00:24,960 Speaker 2: wonderful podcast and joining us John Tucker. 6 00:00:25,239 --> 00:00:27,480 Speaker 3: Remember they used to be across the street. Now it's 7 00:00:27,920 --> 00:00:31,080 Speaker 3: a blank space across the street from space for several 8 00:00:31,160 --> 00:00:36,400 Speaker 3: years now. Yeah, it's a bigorious secret ticker symbol vs CEO. 9 00:00:36,560 --> 00:00:39,279 Speaker 3: They actually well, yeah, they know. They set a new 10 00:00:39,360 --> 00:00:42,360 Speaker 3: date for their first quarter earnings release. It's going to 11 00:00:42,440 --> 00:00:45,640 Speaker 3: be next week, June eleven. Now, they had a big 12 00:00:45,720 --> 00:00:49,240 Speaker 3: data breach back in May. I recall the information exposed 13 00:00:49,320 --> 00:00:53,920 Speaker 3: in that incident included names, dates of birth, social security numbers, 14 00:00:54,000 --> 00:00:58,440 Speaker 3: driver's license numbers, state ID numbers, passport numbers, and also 15 00:00:58,640 --> 00:01:04,080 Speaker 3: a financial account information, digital signatures, you name it, medical information. 16 00:01:04,680 --> 00:01:07,320 Speaker 3: It detected the breach May twenty fourth. The company. It 17 00:01:07,560 --> 00:01:12,320 Speaker 3: shut down the company's website and also the corporate IT 18 00:01:12,920 --> 00:01:17,520 Speaker 3: systems from May twenty six to twenty ninth in response, 19 00:01:17,920 --> 00:01:21,080 Speaker 3: and they are continued. It says the incident's scope and impact. 20 00:01:21,240 --> 00:01:23,520 Speaker 3: It impacted their earnings I mean they delay their earnings 21 00:01:23,520 --> 00:01:23,920 Speaker 3: because of this. 22 00:01:24,200 --> 00:01:25,759 Speaker 2: What I do here on this, folks, is I look 23 00:01:25,800 --> 00:01:28,800 Speaker 2: at you know, pre pandemic and pre pandemic they're popping 24 00:01:28,800 --> 00:01:32,000 Speaker 2: eight billion, and they're not doing that anymore. They're popping 25 00:01:32,040 --> 00:01:33,680 Speaker 2: six point two ish billion. 26 00:01:34,280 --> 00:01:37,640 Speaker 3: And the tenor of the company has changed dramatically in 27 00:01:37,760 --> 00:01:40,240 Speaker 3: terms of like, remember they used to have that Runway show, 28 00:01:40,240 --> 00:01:40,679 Speaker 3: et cetera. 29 00:01:40,760 --> 00:01:44,280 Speaker 2: So no, I don't recall that. You don't would you 30 00:01:44,280 --> 00:01:46,440 Speaker 2: like to move on to the next one? So av 31 00:01:46,720 --> 00:01:48,200 Speaker 2: an HR violation. 32 00:01:47,920 --> 00:01:55,040 Speaker 3: Avgoh Broadcom handle That share price has soared, catapulting the 33 00:01:55,080 --> 00:01:57,760 Speaker 3: chip maker into the ranks of the world's most valuable companies. 34 00:01:58,160 --> 00:02:01,960 Speaker 3: This is also ratchet up the pressure on its earnings 35 00:02:02,000 --> 00:02:05,320 Speaker 3: report to try and sustain the momentum. I think we're 36 00:02:05,320 --> 00:02:07,920 Speaker 3: going to get those after the close of regular trading. 37 00:02:07,920 --> 00:02:10,400 Speaker 3: More than half the stocks five hundred and forty billion 38 00:02:10,400 --> 00:02:13,200 Speaker 3: dollar rally since it's April low has come of the 39 00:02:13,280 --> 00:02:16,440 Speaker 3: past month. There are signs that heavy spending on AI 40 00:02:16,680 --> 00:02:18,480 Speaker 3: gear is poised. 41 00:02:18,600 --> 00:02:20,639 Speaker 2: So this is Broadcom after the close. 42 00:02:21,000 --> 00:02:24,280 Speaker 3: Yeah, I'm learning every day it is today, right, Yeah, 43 00:02:24,680 --> 00:02:27,600 Speaker 3: shares you'll recall they had tumbled forty one percent from 44 00:02:27,600 --> 00:02:31,919 Speaker 3: the December record before staging a two month seventy eight 45 00:02:31,960 --> 00:02:35,359 Speaker 3: percent rally. This is now made at the seventh most 46 00:02:35,480 --> 00:02:38,320 Speaker 3: valuable company in the S and P five hundred the 47 00:02:38,480 --> 00:02:42,280 Speaker 3: market cap one point two three trillion dollars. 48 00:02:42,320 --> 00:02:44,239 Speaker 1: I never used to see those kinds of moves in 49 00:02:44,560 --> 00:02:46,680 Speaker 1: cap stocks. I mean, you know, it's not trading like 50 00:02:46,720 --> 00:02:47,919 Speaker 1: a it's not a penny stock. 51 00:02:48,000 --> 00:02:50,760 Speaker 3: This is a one of the Yeah, indeed, one of 52 00:02:50,760 --> 00:02:54,360 Speaker 3: the biggest beneficiaries of AI spending. Mother likes off some 53 00:02:54,440 --> 00:02:57,880 Speaker 3: of the customers like Microsoft. I'll wrap up. This comes 54 00:02:57,919 --> 00:03:00,520 Speaker 3: under the category of Jane Fraser kind of trying to 55 00:03:00,520 --> 00:03:03,720 Speaker 3: write the ship City Group going to cut its technology 56 00:03:03,720 --> 00:03:08,320 Speaker 3: employee workforce in China by thirty five hundred jobs, part 57 00:03:08,400 --> 00:03:12,320 Speaker 3: of the global simplification efforts. At the same time they're 58 00:03:12,360 --> 00:03:17,400 Speaker 3: saying we're still committed to China. Reductions are expanded to 59 00:03:17,440 --> 00:03:20,800 Speaker 3: be completed by the start of the fourth order, according 60 00:03:20,840 --> 00:03:23,680 Speaker 3: to the Bank. In a statement today, the firm declined 61 00:03:23,720 --> 00:03:26,560 Speaker 3: to provide staffing numbers at those Chinese locations, though. 62 00:03:27,760 --> 00:03:31,880 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 63 00:03:31,960 --> 00:03:34,720 Speaker 1: us throughout the day for the latest roundup of companies 64 00:03:34,760 --> 00:03:37,800 Speaker 1: making news on Wall Street and for the latest market 65 00:03:37,840 --> 00:03:42,240 Speaker 1: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 66 00:03:42,240 --> 00:03:45,520 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 67 00:03:45,560 --> 00:03:47,040 Speaker 1: the Bloomberg Business app.