WEBVTT - ASML Down, Novo Rises, Nexans Gains

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

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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

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<v Speaker 3>Let's say a look, now, it's some stocks on the

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<v Speaker 3>move today in Europe. I'm Rich Levins with Stephen Carroll,

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<v Speaker 3>and we're joined by Bloomberg's Breaking News editor Chloe Malay. Chloe,

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<v Speaker 3>ASML seems to be having a pretty big move today.

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<v Speaker 3>I'm guessing this has something to do with those Troup headlines. Yes,

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<v Speaker 3>absolutely so.

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<v Speaker 1>One of ASML's machines has apparently, according to the US,

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<v Speaker 1>made its way into China, and so of course there

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<v Speaker 1>would be a violation of those US export restrictions on

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<v Speaker 1>chip making equipment. So the e Common Secretary Howard Lutnik

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<v Speaker 1>is said to have expressed is concerned to ASML that

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<v Speaker 1>this might have happened. And this matters very much, of course,

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<v Speaker 1>because we are talking about those cutting edge, state of

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<v Speaker 1>the art machines are used to make this, to have

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<v Speaker 1>those really advanced chips, and so the US sees this

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<v Speaker 1>very much as a matter of national security. But ASML

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<v Speaker 1>has actually pushed back on this, said that none of

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<v Speaker 1>the machines are in China, and that it would be

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<v Speaker 1>perhaps quite hard as well to send one undetected. You know,

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<v Speaker 1>they're the size of a school bus, they're made in

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<v Speaker 1>very limited quantities, and they also require a constant attention,

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<v Speaker 1>constant upkeep from ASML employees. So it's a little bit

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<v Speaker 1>unclear what exactly the Trump administration wants from ASML to

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<v Speaker 1>ease those concerns, what it would need to be reassured

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<v Speaker 1>on that matter essentially, but we are seeing ASML a

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<v Speaker 1>little bit weak on the back of that this morning.

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<v Speaker 4>I don't know why I find that comparison to a

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<v Speaker 4>school bus so fascinating. We're thinking about advance of lithography machines,

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<v Speaker 4>but it's actually very helpful when you're trying to consider,

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<v Speaker 4>I suppose the complicationdness of shipping these things for other

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<v Speaker 4>parts of the world, and how they might probably less

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<v Speaker 4>easy for them to accidentally end up somewhere than you

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<v Speaker 4>might imagine. That's an ASML. Then let's get an overenortous

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<v Speaker 4>nest next upgraded BYRD analysts. What's been the right action?

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<v Speaker 1>Yeah, novn Ordist is doing quite well this morning on

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<v Speaker 1>the back of that upgrade. So the analysts, and Nadia

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<v Speaker 1>said there's really good potential for the cells of the

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<v Speaker 1>weight loss pills from a NOVA to be expectations. And

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<v Speaker 1>then it's also they also noted that there's upcoming results

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<v Speaker 1>from a bunch of late stage clinical trials that could

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<v Speaker 1>be quite positive catalysts as well for Novo. And then

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<v Speaker 1>in addition to that, there's another thing that's providing a

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<v Speaker 1>bit of a boost for that company this morning, which

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<v Speaker 1>is that the Novnordisk Foundation, which owns a controlling stake

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<v Speaker 1>in Ovnordisk itself, said that it's launching a network of

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<v Speaker 1>research incubators across Europe with the goal being to turn

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<v Speaker 1>academic research around obesity and diabetes into business opportunities. And

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<v Speaker 1>the CEO of that foundation said that Europe makes really

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<v Speaker 1>great scientific breakthroughs, but that it doesn't always know how

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<v Speaker 1>to turn those into commercial success compared especially to researchers

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<v Speaker 1>and academics in the US and China, where you know,

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<v Speaker 1>those researchers are much more primed and expected to identify

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<v Speaker 1>their commercial potential. So that's what the network is really

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<v Speaker 1>aiming to achieve, making Europe more competitive, more of a

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<v Speaker 1>forward looking player in that space. And so we are

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<v Speaker 1>seeing this as well as that Naudia upgrade really drive

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<v Speaker 1>that stock this morning.

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<v Speaker 3>Very interesting good for Nova of course, which hasn't exactly

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<v Speaker 3>had a fantastic few months. But then also Lesans is

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<v Speaker 3>among the European cable companies that's getting a boost this morning.

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<v Speaker 3>What's going on there.

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<v Speaker 1>Yeah, so Nexans and Prismian, those are some of those

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<v Speaker 1>cable companies in Europe. So this is on the back

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<v Speaker 1>of read across from very good results from a Japanese

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<v Speaker 1>rival called Fuji Cure, and so Fujicura just like Nexans

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<v Speaker 1>and just like Prismian, they make fiber optic cables that

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<v Speaker 1>are in very high demand from AI data centers, and

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<v Speaker 1>so that company raised its guidance, said that they had

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<v Speaker 1>seen a big boost in orders from hyperscalers, and so

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<v Speaker 1>of course that's seen by the market is very good

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<v Speaker 1>news for that optical component fiber optic cable market. And

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<v Speaker 1>you know, Prismian, Nexs and some of those some those

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<v Speaker 1>companies are you know, among those companies that don't have

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<v Speaker 1>necessarily great kind of name recognition, but they're part of

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<v Speaker 1>a sort of class of industrials that are providing you know,

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<v Speaker 1>one part of the other of that data center supply

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<v Speaker 1>chain and really benefiting as a result from the AI boom.

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<v Speaker 1>You know, Prismian is up almost eighty percent this year,

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<v Speaker 1>so it's one of those kind of behind the scenes

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<v Speaker 1>big beneficiaries of the AI rush. So definitely a company

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<v Speaker 1>worth watching, but doing very well toay.

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<v Speaker 2>Alongside Nexen's the Stock Movers Report from Bloomberg Radio, check

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