1
00:00:02,520 --> 00:00:08,800
Speaker 1: Bloomberg Audio Studios podcasts, radio news, The.

2
00:00:08,880 --> 00:00:13,160
Speaker 2: Stock Movers podcast, your roundup of companies making moves in

3
00:00:13,200 --> 00:00:19,320
Speaker 2: the stock market, harnessing the power of Bloomberg Data.

4
00:00:17,880 --> 00:00:19,560
Speaker 1: And soone where the action is under the hood of it.

5
00:00:19,600 --> 00:00:22,840
Speaker 2: Go to Isabel Lee, Bloomer's cross asset reporters to joint

6
00:00:22,920 --> 00:00:24,439
Speaker 2: us here in our studio, Isabelle, what.

7
00:00:24,400 --> 00:00:27,000
Speaker 1: Are you looking at? Applied Digital. It's edging lower by

8
00:00:27,040 --> 00:00:30,400
Speaker 1: more than twenty percent. It's just really sinking to sessions lows,

9
00:00:30,440 --> 00:00:34,040
Speaker 1: the lowest in September if I'm eyeballing it correctly. So,

10
00:00:34,080 --> 00:00:36,880
Speaker 1: the company reported third quarter results that missed estimates both

11
00:00:36,960 --> 00:00:40,199
Speaker 1: on revenue and adjusted EBITA. So Applied Digital is a

12
00:00:40,240 --> 00:00:43,279
Speaker 1: company that builds and operates big, powerful data centers. They

13
00:00:43,320 --> 00:00:46,879
Speaker 1: support things like artificial intelligence and cloud services, and Needham

14
00:00:46,880 --> 00:00:49,640
Speaker 1: says that the results were software than expected. They said

15
00:00:49,680 --> 00:00:51,920
Speaker 1: there's a technical difficulty and it weighed on the cloud

16
00:00:51,960 --> 00:00:54,960
Speaker 1: services segment. We have Roth Capital Partners cutting the price

17
00:00:55,000 --> 00:00:57,560
Speaker 1: target to eight dollars and fifty cents. We have Canter

18
00:00:57,720 --> 00:01:00,680
Speaker 1: also cutting to seven dollars for now. So the stock

19
00:01:00,880 --> 00:01:05,160
Speaker 1: is hovering around four dollars zero point twenty five cents,

20
00:01:05,200 --> 00:01:08,040
Speaker 1: So still far from those price targets that they've cut right,

21
00:01:08,120 --> 00:01:09,480
Speaker 1: right right, What else are you keeping an eye on?

22
00:01:09,560 --> 00:01:12,800
Speaker 1: In space? Rocket Lab? So it's edging higher by around

23
00:01:12,800 --> 00:01:15,800
Speaker 1: seven percent, so the company secure defense contracts with both

24
00:01:15,840 --> 00:01:18,399
Speaker 1: the US and the UK. Oh now it's up even

25
00:01:18,480 --> 00:01:20,959
Speaker 1: higher by around thirteen percent. So in the US, the

26
00:01:21,000 --> 00:01:23,720
Speaker 1: Air Force has selected the rocket Lab for a some

27
00:01:23,840 --> 00:01:26,440
Speaker 1: forty six billion dollar contract and that really highlights the

28
00:01:26,480 --> 00:01:29,800
Speaker 1: growing role of the company in providing advanced aerospace when

29
00:01:29,840 --> 00:01:32,160
Speaker 1: it comes to like national defense, which is important. And

30
00:01:32,200 --> 00:01:34,280
Speaker 1: in the UK we have the Ministry of Defense selecting

31
00:01:34,319 --> 00:01:36,800
Speaker 1: the firm for around one point three three billion dollars,

32
00:01:36,800 --> 00:01:38,680
Speaker 1: So that's a double whammy and a double win for

33
00:01:38,800 --> 00:01:43,280
Speaker 1: rocket Lab today. About Netflix, this is exciting because the

34
00:01:43,319 --> 00:01:45,679
Speaker 1: company had big ambitious goals. They said they're aiming to

35
00:01:45,680 --> 00:01:48,559
Speaker 1: double their revenue and reach a one trillion dollar market

36
00:01:48,560 --> 00:01:51,920
Speaker 1: capitalization by twenty thirty. They're now hovering at around four

37
00:01:52,000 --> 00:01:54,240
Speaker 1: hundred billions, so a little more than double. And these

38
00:01:54,240 --> 00:01:56,440
Speaker 1: are ambitious goals, but it really just shows the confidence

39
00:01:56,480 --> 00:01:58,880
Speaker 1: that they have and the hef as the largest global

40
00:01:58,880 --> 00:02:01,200
Speaker 1: streamer we have by more capital market sing. These are

41
00:02:01,240 --> 00:02:04,240
Speaker 1: ambitious goals, but they're achievable, and we have Jeffrey saying

42
00:02:04,240 --> 00:02:06,840
Speaker 1: that they're proving resilient against the taper macro because remember,

43
00:02:06,920 --> 00:02:09,239
Speaker 1: we're living in a really uncertain environment with all the times,

44
00:02:09,320 --> 00:02:11,600
Speaker 1: and if you come out with this really big optimistic goal,

45
00:02:11,680 --> 00:02:12,519
Speaker 1: that's something.

46
00:02:13,240 --> 00:02:17,400
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

47
00:02:17,480 --> 00:02:20,240
Speaker 2: us throughout the day for the latest roundup of companies

48
00:02:20,280 --> 00:02:23,320
Speaker 2: making news on Wall Street and for the latest market

49
00:02:23,360 --> 00:02:27,680
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

50
00:02:27,760 --> 00:02:31,000
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

51
00:02:31,080 --> 00:02:32,560
Speaker 2: the Bloomberg Business app.