WEBVTT - Applied Digital Falls, Rocket Lab Rises, Netflix Higher on Growth Potential

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<v Speaker 1>Bloomberg Audio Studios podcasts, radio news, The.

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<v Speaker 2>Stock Movers podcast, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>And soone where the action is under the hood of it.

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<v Speaker 2>Go to Isabel Lee, Bloomer's cross asset reporters to joint

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<v Speaker 2>us here in our studio, Isabelle, what.

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<v Speaker 1>Are you looking at? Applied Digital. It's edging lower by

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<v Speaker 1>more than twenty percent. It's just really sinking to sessions lows,

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<v Speaker 1>the lowest in September if I'm eyeballing it correctly. So,

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<v Speaker 1>the company reported third quarter results that missed estimates both

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<v Speaker 1>on revenue and adjusted EBITA. So Applied Digital is a

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<v Speaker 1>company that builds and operates big, powerful data centers. They

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<v Speaker 1>support things like artificial intelligence and cloud services, and Needham

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<v Speaker 1>says that the results were software than expected. They said

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<v Speaker 1>there's a technical difficulty and it weighed on the cloud

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<v Speaker 1>services segment. We have Roth Capital Partners cutting the price

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<v Speaker 1>target to eight dollars and fifty cents. We have Canter

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<v Speaker 1>also cutting to seven dollars for now. So the stock

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<v Speaker 1>is hovering around four dollars zero point twenty five cents,

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<v Speaker 1>So still far from those price targets that they've cut right,

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<v Speaker 1>right right, What else are you keeping an eye on?

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<v Speaker 1>In space? Rocket Lab? So it's edging higher by around

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<v Speaker 1>seven percent, so the company secure defense contracts with both

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<v Speaker 1>the US and the UK. Oh now it's up even

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<v Speaker 1>higher by around thirteen percent. So in the US, the

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<v Speaker 1>Air Force has selected the rocket Lab for a some

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<v Speaker 1>forty six billion dollar contract and that really highlights the

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<v Speaker 1>growing role of the company in providing advanced aerospace when

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<v Speaker 1>it comes to like national defense, which is important. And

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<v Speaker 1>in the UK we have the Ministry of Defense selecting

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<v Speaker 1>the firm for around one point three three billion dollars,

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<v Speaker 1>So that's a double whammy and a double win for

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<v Speaker 1>rocket Lab today. About Netflix, this is exciting because the

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<v Speaker 1>company had big ambitious goals. They said they're aiming to

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<v Speaker 1>double their revenue and reach a one trillion dollar market

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<v Speaker 1>capitalization by twenty thirty. They're now hovering at around four

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<v Speaker 1>hundred billions, so a little more than double. And these

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<v Speaker 1>are ambitious goals, but it really just shows the confidence

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<v Speaker 1>that they have and the hef as the largest global

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<v Speaker 1>streamer we have by more capital market sing. These are

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<v Speaker 1>ambitious goals, but they're achievable, and we have Jeffrey saying

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<v Speaker 1>that they're proving resilient against the taper macro because remember,

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<v Speaker 1>we're living in a really uncertain environment with all the times,

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<v Speaker 1>and if you come out with this really big optimistic goal,

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<v Speaker 1>that's something.

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<v Speaker 2>The Stock Movers podcast from Bloomberg Radio. Check back with

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