1 00:00:02,520 --> 00:00:07,000 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 --> 00:00:16,800 Speaker 2: in the stock market, harnessing the power of Bloomberg Data 4 00:00:18,200 --> 00:00:19,040 Speaker 2: on tim Steeveek. 5 00:00:19,160 --> 00:00:21,759 Speaker 1: Along with Nora Melenda, let's take a look at some 6 00:00:21,760 --> 00:00:24,000 Speaker 1: stocks on the move today. We're joined by Bloomberg News 7 00:00:24,000 --> 00:00:28,320 Speaker 1: Cross Asset reporter Deniza Soakova. Denitza, you have a lot 8 00:00:28,360 --> 00:00:31,240 Speaker 1: to choose from. Did you even find any that are 9 00:00:31,240 --> 00:00:31,880 Speaker 1: moving lower? 10 00:00:31,960 --> 00:00:34,320 Speaker 3: It was very hard to find moving lower. So let's 11 00:00:34,360 --> 00:00:36,600 Speaker 3: start with those movie higher. It's Intel. It's been the 12 00:00:36,600 --> 00:00:39,160 Speaker 3: big news of the day, apart from obviously everything fed. 13 00:00:39,240 --> 00:00:42,320 Speaker 3: President Trump said that Intel had agreed to give the 14 00:00:42,400 --> 00:00:45,120 Speaker 3: US government a ten percent equity stake. We're yet to 15 00:00:45,159 --> 00:00:48,840 Speaker 3: see the formal announcements that is expected later today. The ticker, 16 00:00:48,880 --> 00:00:53,720 Speaker 3: of course, INTC we've seen quite a few jumps as 17 00:00:53,800 --> 00:00:56,560 Speaker 3: those news have been developing today. We're seeing more than 18 00:00:56,640 --> 00:00:59,160 Speaker 3: seven percent. Really one of the big ginners in the SMP. 19 00:00:59,600 --> 00:01:01,960 Speaker 3: The deal be part of a bit to provide a 20 00:01:02,000 --> 00:01:05,880 Speaker 3: boost Intel Intel, of course, has been through a turbulent stretch. 21 00:01:06,000 --> 00:01:09,400 Speaker 3: Investors have been worried that it's falling behind it and 22 00:01:09,440 --> 00:01:13,840 Speaker 3: it's losing its technology stick technology, and of course President 23 00:01:13,920 --> 00:01:18,800 Speaker 3: Trump has been trying to get a stick there. This 24 00:01:18,920 --> 00:01:21,720 Speaker 3: is something that's rarely, of course, has happened in history. 25 00:01:21,760 --> 00:01:24,679 Speaker 3: It's an intervention in American company that really is kind 26 00:01:24,680 --> 00:01:28,360 Speaker 3: of a precedent. But what we're seeing is that, of course, 27 00:01:28,400 --> 00:01:32,760 Speaker 3: in August he announced that Nvidia and AMD agree to 28 00:01:32,920 --> 00:01:37,200 Speaker 3: pay fifteen percent of revenue of certain cheap sales to 29 00:01:37,240 --> 00:01:40,160 Speaker 3: the US. So clearly there is this campaign to generate 30 00:01:40,240 --> 00:01:44,720 Speaker 3: revenue of those American companies. But so far the market 31 00:01:44,760 --> 00:01:48,200 Speaker 3: is reacting very positively, and of course there are many 32 00:01:48,200 --> 00:01:51,040 Speaker 3: worries behind. But so far we're focusing on the optimism 33 00:01:51,080 --> 00:01:51,559 Speaker 3: for Intel. 34 00:01:51,920 --> 00:01:54,720 Speaker 4: Shares of Inteller up twenty five percent year to date. 35 00:01:54,760 --> 00:01:57,200 Speaker 4: But I mean, when you look at Wall Street recommendations, 36 00:01:57,200 --> 00:01:59,640 Speaker 4: about seventy eight percent of analysts are saying to hold 37 00:01:59,640 --> 00:02:03,480 Speaker 4: the stock for saying buy and seven saying sell. But 38 00:02:03,520 --> 00:02:05,400 Speaker 4: you're looking at a name that you know, none of 39 00:02:05,440 --> 00:02:07,360 Speaker 4: us know Apple. What's going on? 40 00:02:07,400 --> 00:02:10,880 Speaker 3: There s another big one. Apple is in early discussion. 41 00:02:10,880 --> 00:02:13,959 Speaker 3: This is like Bloomberg exclusive about using Google Gemini to 42 00:02:14,080 --> 00:02:17,520 Speaker 3: power a revamped version of Siri. Obviously have been main 43 00:02:17,600 --> 00:02:20,480 Speaker 3: chases with Syria. Many discussions in It seems like this 44 00:02:20,560 --> 00:02:23,360 Speaker 3: is what has been underway for quite some time. This 45 00:02:23,400 --> 00:02:26,440 Speaker 3: is marketing a key pottentional step toward outsour seeing more 46 00:02:26,639 --> 00:02:30,239 Speaker 3: of its artificial intelligence. We're actually seeing post the reaction 47 00:02:30,360 --> 00:02:33,640 Speaker 3: from both Google and Apple. Of course, the ticker is 48 00:02:33,680 --> 00:02:37,720 Speaker 3: app L and the stock is about one point five percent. 49 00:02:38,520 --> 00:02:41,440 Speaker 3: Google has started training on model that could run on 50 00:02:41,560 --> 00:02:44,560 Speaker 3: Apple services, That's what people said. But this, of course 51 00:02:44,720 --> 00:02:49,320 Speaker 3: takes the time Apple approached Google to explore building a 52 00:02:49,360 --> 00:02:52,520 Speaker 3: custom a model that will serve as the foundation of 53 00:02:52,520 --> 00:02:55,680 Speaker 3: the new sery most likely next year. Of course, that's 54 00:02:55,720 --> 00:02:59,280 Speaker 3: been interesting development. Apple hasn't been necessarily keeping up with 55 00:02:59,360 --> 00:03:01,680 Speaker 3: the rest of seven this year, but we're seeing a 56 00:03:01,720 --> 00:03:04,919 Speaker 3: boost on this news. So we're yet to see how 57 00:03:04,960 --> 00:03:07,600 Speaker 3: investors we will read that going forward or that old 58 00:03:07,680 --> 00:03:08,440 Speaker 3: sourcing of AI. 59 00:03:09,120 --> 00:03:13,320 Speaker 1: Yeah, Bloomberg News exclusive from Mark German. Another one. Did 60 00:03:13,360 --> 00:03:14,639 Speaker 1: you have a question, Noura, you're gonna no. 61 00:03:14,639 --> 00:03:16,400 Speaker 4: I want to see what's going on with that exclusive 62 00:03:16,520 --> 00:03:18,800 Speaker 4: with okay, cool, let's keep going on, right all right? 63 00:03:18,880 --> 00:03:19,040 Speaker 3: Yeah? 64 00:03:19,040 --> 00:03:20,400 Speaker 4: Imtu into it? 65 00:03:20,480 --> 00:03:23,440 Speaker 1: Into it is the next one, and you did find 66 00:03:23,520 --> 00:03:24,440 Speaker 1: an actual decliner. 67 00:03:24,720 --> 00:03:27,360 Speaker 3: I actually found one. I was so excited about all 68 00:03:27,400 --> 00:03:29,840 Speaker 3: the small caps writing that I forgot the into It 69 00:03:29,919 --> 00:03:34,839 Speaker 3: fell five percent. The tax software company had a tepid forecast. 70 00:03:35,440 --> 00:03:38,640 Speaker 3: It actually had a pretty strong earnings report, but all 71 00:03:38,680 --> 00:03:40,760 Speaker 3: we care about is the forecast, and clearly the reaction 72 00:03:40,880 --> 00:03:44,640 Speaker 3: is pretty bad. The ticker is i TU. The tax 73 00:03:44,680 --> 00:03:48,920 Speaker 3: preparation software said it expects sales growth between fourteen and 74 00:03:49,040 --> 00:03:53,040 Speaker 3: fifteen percent, and that's where the street is disappointed. They 75 00:03:53,080 --> 00:03:57,280 Speaker 3: expected stronger growth rates. Revenue actually climbed twenty percent. We're 76 00:03:57,320 --> 00:04:00,160 Speaker 3: talking about nearly four billion in revenue, and this is 77 00:04:00,360 --> 00:04:03,760 Speaker 3: ahead of online estimate. But this wasn't enough to bring relief. 78 00:04:03,840 --> 00:04:06,200 Speaker 3: The stock is up five percent year today, but if 79 00:04:06,240 --> 00:04:07,920 Speaker 3: you look at the chart, the last few weeks have 80 00:04:08,000 --> 00:04:10,880 Speaker 3: been quite painful. Last month, the company launched a set 81 00:04:10,920 --> 00:04:13,880 Speaker 3: of AI agent and it's working to automate a lot 82 00:04:13,920 --> 00:04:19,440 Speaker 3: of things, including customer relation, financial analysis. But so far, 83 00:04:19,480 --> 00:04:23,520 Speaker 3: it seems like investors are not necessary necessarily rewarding the 84 00:04:23,680 --> 00:04:25,200 Speaker 3: AI success. 85 00:04:27,200 --> 00:04:31,240 Speaker 2: The stock Mover's report from Bloomberg Radio. Check back with 86 00:04:31,320 --> 00:04:33,880 Speaker 2: us throughout the day for the latest roundup of companies 87 00:04:33,960 --> 00:04:37,040 Speaker 2: making news on Wall Street and for the latest market 88 00:04:37,080 --> 00:04:41,520 Speaker 2: moving headlines. Listen to Bloomberg Radio Live Catch us on YouTube, 89 00:04:41,640 --> 00:04:45,159 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 90 00:04:45,200 --> 00:04:46,719 Speaker 2: the Bloomberg Business app.