WEBVTT - Intel Extends Gains, Apple Climbs, Intuit Falls

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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 2>on tim Steeveek.

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<v Speaker 1>Along with Nora Melenda, let's take a look at some

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<v Speaker 1>stocks on the move today. We're joined by Bloomberg News

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<v Speaker 1>Cross Asset reporter Deniza Soakova. Denitza, you have a lot

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<v Speaker 1>to choose from. Did you even find any that are

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<v Speaker 1>moving lower?

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<v Speaker 3>It was very hard to find moving lower. So let's

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<v Speaker 3>start with those movie higher. It's Intel. It's been the

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<v Speaker 3>big news of the day, apart from obviously everything fed.

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<v Speaker 3>President Trump said that Intel had agreed to give the

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<v Speaker 3>US government a ten percent equity stake. We're yet to

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<v Speaker 3>see the formal announcements that is expected later today. The ticker,

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<v Speaker 3>of course, INTC we've seen quite a few jumps as

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<v Speaker 3>those news have been developing today. We're seeing more than

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<v Speaker 3>seven percent. Really one of the big ginners in the SMP.

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<v Speaker 3>The deal be part of a bit to provide a

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<v Speaker 3>boost Intel Intel, of course, has been through a turbulent stretch.

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<v Speaker 3>Investors have been worried that it's falling behind it and

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<v Speaker 3>it's losing its technology stick technology, and of course President

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<v Speaker 3>Trump has been trying to get a stick there. This

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<v Speaker 3>is something that's rarely, of course, has happened in history.

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<v Speaker 3>It's an intervention in American company that really is kind

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<v Speaker 3>of a precedent. But what we're seeing is that, of course,

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<v Speaker 3>in August he announced that Nvidia and AMD agree to

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<v Speaker 3>pay fifteen percent of revenue of certain cheap sales to

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<v Speaker 3>the US. So clearly there is this campaign to generate

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<v Speaker 3>revenue of those American companies. But so far the market

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<v Speaker 3>is reacting very positively, and of course there are many

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<v Speaker 3>worries behind. But so far we're focusing on the optimism

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<v Speaker 3>for Intel.

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<v Speaker 4>Shares of Inteller up twenty five percent year to date.

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<v Speaker 4>But I mean, when you look at Wall Street recommendations,

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<v Speaker 4>about seventy eight percent of analysts are saying to hold

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<v Speaker 4>the stock for saying buy and seven saying sell. But

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<v Speaker 4>you're looking at a name that you know, none of

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<v Speaker 4>us know Apple. What's going on?

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<v Speaker 3>There s another big one. Apple is in early discussion.

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<v Speaker 3>This is like Bloomberg exclusive about using Google Gemini to

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<v Speaker 3>power a revamped version of Siri. Obviously have been main

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<v Speaker 3>chases with Syria. Many discussions in It seems like this

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<v Speaker 3>is what has been underway for quite some time. This

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<v Speaker 3>is marketing a key pottentional step toward outsour seeing more

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<v Speaker 3>of its artificial intelligence. We're actually seeing post the reaction

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<v Speaker 3>from both Google and Apple. Of course, the ticker is

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<v Speaker 3>app L and the stock is about one point five percent.

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<v Speaker 3>Google has started training on model that could run on

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<v Speaker 3>Apple services, That's what people said. But this, of course

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<v Speaker 3>takes the time Apple approached Google to explore building a

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<v Speaker 3>custom a model that will serve as the foundation of

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<v Speaker 3>the new sery most likely next year. Of course, that's

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<v Speaker 3>been interesting development. Apple hasn't been necessarily keeping up with

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<v Speaker 3>the rest of seven this year, but we're seeing a

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<v Speaker 3>boost on this news. So we're yet to see how

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<v Speaker 3>investors we will read that going forward or that old

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<v Speaker 3>sourcing of AI.

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<v Speaker 1>Yeah, Bloomberg News exclusive from Mark German. Another one. Did

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<v Speaker 1>you have a question, Noura, you're gonna no.

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<v Speaker 4>I want to see what's going on with that exclusive

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<v Speaker 4>with okay, cool, let's keep going on, right all right?

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<v Speaker 3>Yeah?

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<v Speaker 4>Imtu into it?

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<v Speaker 1>Into it is the next one, and you did find

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<v Speaker 1>an actual decliner.

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<v Speaker 3>I actually found one. I was so excited about all

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<v Speaker 3>the small caps writing that I forgot the into It

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<v Speaker 3>fell five percent. The tax software company had a tepid forecast.

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<v Speaker 3>It actually had a pretty strong earnings report, but all

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<v Speaker 3>we care about is the forecast, and clearly the reaction

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<v Speaker 3>is pretty bad. The ticker is i TU. The tax

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<v Speaker 3>preparation software said it expects sales growth between fourteen and

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<v Speaker 3>fifteen percent, and that's where the street is disappointed. They

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<v Speaker 3>expected stronger growth rates. Revenue actually climbed twenty percent. We're

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<v Speaker 3>talking about nearly four billion in revenue, and this is

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<v Speaker 3>ahead of online estimate. But this wasn't enough to bring relief.

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<v Speaker 3>The stock is up five percent year today, but if

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<v Speaker 3>you look at the chart, the last few weeks have

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<v Speaker 3>been quite painful. Last month, the company launched a set

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<v Speaker 3>of AI agent and it's working to automate a lot

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<v Speaker 3>of things, including customer relation, financial analysis. But so far,

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<v Speaker 3>it seems like investors are not necessary necessarily rewarding the

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<v Speaker 3>AI success.

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<v Speaker 2>The stock Mover's report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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