1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,480 --> 00:00:18,400 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,440 --> 00:00:21,599 Speaker 3: I'm Nathan Hager, joined this morning by Bloomberg's Isabelle Lee. 6 00:00:21,640 --> 00:00:24,520 Speaker 3: On a very interesting morning at the micro level, we 7 00:00:24,600 --> 00:00:28,400 Speaker 3: got some news on in Vidia that's popping that stock. 8 00:00:28,480 --> 00:00:30,800 Speaker 3: Good morning is a Belle good morning. 9 00:00:30,840 --> 00:00:33,680 Speaker 1: Definitely lots to choose from today, Nathan. So we're starting 10 00:00:33,680 --> 00:00:36,040 Speaker 1: with Nvidia shares a rising around one and a half 11 00:00:36,080 --> 00:00:39,560 Speaker 1: percent pre market. Bloomberg has this group we're in Chinese 12 00:00:39,600 --> 00:00:43,000 Speaker 1: officials have to old largest China, the largest firms in China. 13 00:00:43,040 --> 00:00:46,120 Speaker 1: This includes Ali, Baba, Tencent, and Bite Dance that they 14 00:00:46,159 --> 00:00:49,479 Speaker 1: can prepare orders for in Video's h two hundred AI chips. 15 00:00:49,520 --> 00:00:52,040 Speaker 1: So this suggests that you know, Beijing is close to 16 00:00:52,080 --> 00:00:56,040 Speaker 1: formally approving imports of components essential to running AI. That's 17 00:00:56,080 --> 00:00:58,960 Speaker 1: according to people familiar with the matter, and this means 18 00:00:59,000 --> 00:01:01,920 Speaker 1: Beijing will encourage companies to buy a certain amount of 19 00:01:02,000 --> 00:01:05,480 Speaker 1: domestic chips as a conditional approval. So the government is 20 00:01:05,520 --> 00:01:09,640 Speaker 1: obviously prioritizing the needs of major Chinese hyperscalers. But what 21 00:01:09,680 --> 00:01:12,600 Speaker 1: does this mean for Nvidia. It's definitely a major win 22 00:01:12,720 --> 00:01:15,760 Speaker 1: because Nvidia has been angling for years to resume business 23 00:01:16,000 --> 00:01:18,600 Speaker 1: with a world's largest semiconductor. We have CEO Jens and 24 00:01:18,680 --> 00:01:21,959 Speaker 1: Huang saying that the A chip segment alone could generate 25 00:01:22,000 --> 00:01:24,680 Speaker 1: fifty billion dollars in the coming year. So that's definitely 26 00:01:24,720 --> 00:01:25,640 Speaker 1: an eye popping number. 27 00:01:25,800 --> 00:01:28,640 Speaker 3: Yeah, definitely big news for Nvidia as well. It's taken 28 00:01:28,680 --> 00:01:31,640 Speaker 3: the market as a whole off session lows. But Intel 29 00:01:31,880 --> 00:01:34,959 Speaker 3: still a big drag this morning after earnings. 30 00:01:35,319 --> 00:01:38,520 Speaker 1: It's down by thirteen percent. It's extended its losses yesterday. 31 00:01:38,560 --> 00:01:40,600 Speaker 1: I also talked about this after the market closed and 32 00:01:40,680 --> 00:01:43,640 Speaker 1: it was also in the red. So the company reported 33 00:01:43,840 --> 00:01:47,640 Speaker 1: uninspiring earnings and we have the CEO lip Bhutan giving 34 00:01:47,680 --> 00:01:50,720 Speaker 1: a lackluster forecast. He also warned that the chip maker 35 00:01:51,200 --> 00:01:54,360 Speaker 1: was struggling with manufacturing problems. So we have first quarter 36 00:01:54,400 --> 00:01:58,240 Speaker 1: projections for revenue and earnings really both short of Wall 37 00:01:58,280 --> 00:02:01,240 Speaker 1: Street estimates, and then the comp friends to analysts, we 38 00:02:01,320 --> 00:02:03,920 Speaker 1: have Liputan saying that you know it would take time 39 00:02:04,000 --> 00:02:06,760 Speaker 1: and resolve to turn around the company. Of course, that 40 00:02:06,920 --> 00:02:09,919 Speaker 1: sent the shares down even further. We have production snags 41 00:02:09,960 --> 00:02:12,880 Speaker 1: really hampering a big comeback bit. We know for years 42 00:02:12,919 --> 00:02:15,320 Speaker 1: Intel has been trying to gain back the market share 43 00:02:15,520 --> 00:02:18,079 Speaker 1: to gain back their edge against Nvidia, but the report 44 00:02:18,120 --> 00:02:21,000 Speaker 1: yesterday was just big disappointment for investors who are really 45 00:02:21,040 --> 00:02:22,399 Speaker 1: hoping for a boost. 46 00:02:22,680 --> 00:02:26,200 Speaker 3: Staying with tech, we heard from Tesla CEO Elon Musk 47 00:02:26,240 --> 00:02:29,120 Speaker 3: making some headlines at the World Economic form at Davos. 48 00:02:29,160 --> 00:02:31,799 Speaker 3: Is that moving the stock this morning just. 49 00:02:31,800 --> 00:02:34,400 Speaker 1: Down by two tens of one percent, But yes, Tesla 50 00:02:34,480 --> 00:02:36,360 Speaker 1: really made a lot of headlines. We know that Elon 51 00:02:36,440 --> 00:02:39,200 Speaker 1: Musk's presence in itself was surprising because for years he 52 00:02:39,280 --> 00:02:42,960 Speaker 1: called the World Economic Forum in Davos boring. But now 53 00:02:43,000 --> 00:02:45,320 Speaker 1: he said that Tesla will sell it's Optimist robots to 54 00:02:45,400 --> 00:02:47,519 Speaker 1: the public but the end of next year, so that's 55 00:02:47,520 --> 00:02:50,400 Speaker 1: a concrete timeline. The company is already using some of 56 00:02:50,480 --> 00:02:53,880 Speaker 1: those robots to do simple factory tasks, but must say 57 00:02:53,919 --> 00:02:56,600 Speaker 1: that Optimists would be doing more complex tasks by the 58 00:02:56,720 --> 00:02:59,359 Speaker 1: end of twenty twenty six. Sales to the public will 59 00:02:59,400 --> 00:03:03,440 Speaker 1: begin when is quote confident that it's very high reliability, 60 00:03:03,800 --> 00:03:07,000 Speaker 1: very high safety, and the range of functionality is also 61 00:03:07,120 --> 00:03:10,040 Speaker 1: very high. That's Musk, saying that so again this is 62 00:03:10,080 --> 00:03:12,760 Speaker 1: a concrete timeline because must see this as a key 63 00:03:12,760 --> 00:03:15,839 Speaker 1: focus for Tesla going forward. We know he has big, 64 00:03:15,880 --> 00:03:19,280 Speaker 1: big plants for his company, and we know that Tesla's 65 00:03:19,320 --> 00:03:22,320 Speaker 1: core business of selling cars has suffered from a stale 66 00:03:22,360 --> 00:03:25,040 Speaker 1: product lineup and just in general, a loss of ev 67 00:03:25,200 --> 00:03:26,480 Speaker 1: incentives in the US. 68 00:03:27,480 --> 00:03:31,520 Speaker 2: The Stock Movers Report from Bloomberg Radio. 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