Speaker 1: Bloomberg Audio Studios podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: And soone where the action is under the hood of it.
Speaker 2: Go to Isabel Lee, Bloomer's cross asset reporters to joint
Speaker 2: us here in our studio, Isabelle, what.
Speaker 1: Are you looking at? Applied Digital. It's edging lower by
Speaker 1: more than twenty percent. It's just really sinking to sessions lows,
Speaker 1: the lowest in September if I'm eyeballing it correctly. So,
Speaker 1: the company reported third quarter results that missed estimates both
Speaker 1: on revenue and adjusted EBITA. So Applied Digital is a
Speaker 1: company that builds and operates big, powerful data centers. They
Speaker 1: support things like artificial intelligence and cloud services, and Needham
Speaker 1: says that the results were software than expected. They said
Speaker 1: there's a technical difficulty and it weighed on the cloud
Speaker 1: services segment. We have Roth Capital Partners cutting the price
Speaker 1: target to eight dollars and fifty cents. We have Canter
Speaker 1: also cutting to seven dollars for now. So the stock
Speaker 1: is hovering around four dollars zero point twenty five cents,
Speaker 1: So still far from those price targets that they've cut right,
Speaker 1: right right, What else are you keeping an eye on?
Speaker 1: In space? Rocket Lab? So it's edging higher by around
Speaker 1: seven percent, so the company secure defense contracts with both
Speaker 1: the US and the UK. Oh now it's up even
Speaker 1: higher by around thirteen percent. So in the US, the
Speaker 1: Air Force has selected the rocket Lab for a some
Speaker 1: forty six billion dollar contract and that really highlights the
Speaker 1: growing role of the company in providing advanced aerospace when
Speaker 1: it comes to like national defense, which is important. And
Speaker 1: in the UK we have the Ministry of Defense selecting
Speaker 1: the firm for around one point three three billion dollars,
Speaker 1: So that's a double whammy and a double win for
Speaker 1: rocket Lab today. About Netflix, this is exciting because the
Speaker 1: company had big ambitious goals. They said they're aiming to
Speaker 1: double their revenue and reach a one trillion dollar market
Speaker 1: capitalization by twenty thirty. They're now hovering at around four
Speaker 1: hundred billions, so a little more than double. And these
Speaker 1: are ambitious goals, but it really just shows the confidence
Speaker 1: that they have and the hef as the largest global
Speaker 1: streamer we have by more capital market sing. These are
Speaker 1: ambitious goals, but they're achievable, and we have Jeffrey saying
Speaker 1: that they're proving resilient against the taper macro because remember,
Speaker 1: we're living in a really uncertain environment with all the times,
Speaker 1: and if you come out with this really big optimistic goal,
Speaker 1: that's something.
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