Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data
Speaker 2: on tim Steeveek.
Speaker 1: Along with Nora Melenda, let's take a look at some
Speaker 1: stocks on the move today. We're joined by Bloomberg News
Speaker 1: Cross Asset reporter Deniza Soakova. Denitza, you have a lot
Speaker 1: to choose from. Did you even find any that are
Speaker 1: moving lower?
Speaker 3: It was very hard to find moving lower. So let's
Speaker 3: start with those movie higher. It's Intel. It's been the
Speaker 3: big news of the day, apart from obviously everything fed.
Speaker 3: President Trump said that Intel had agreed to give the
Speaker 3: US government a ten percent equity stake. We're yet to
Speaker 3: see the formal announcements that is expected later today. The ticker,
Speaker 3: of course, INTC we've seen quite a few jumps as
Speaker 3: those news have been developing today. We're seeing more than
Speaker 3: seven percent. Really one of the big ginners in the SMP.
Speaker 3: The deal be part of a bit to provide a
Speaker 3: boost Intel Intel, of course, has been through a turbulent stretch.
Speaker 3: Investors have been worried that it's falling behind it and
Speaker 3: it's losing its technology stick technology, and of course President
Speaker 3: Trump has been trying to get a stick there. This
Speaker 3: is something that's rarely, of course, has happened in history.
Speaker 3: It's an intervention in American company that really is kind
Speaker 3: of a precedent. But what we're seeing is that, of course,
Speaker 3: in August he announced that Nvidia and AMD agree to
Speaker 3: pay fifteen percent of revenue of certain cheap sales to
Speaker 3: the US. So clearly there is this campaign to generate
Speaker 3: revenue of those American companies. But so far the market
Speaker 3: is reacting very positively, and of course there are many
Speaker 3: worries behind. But so far we're focusing on the optimism
Speaker 3: for Intel.
Speaker 4: Shares of Inteller up twenty five percent year to date.
Speaker 4: But I mean, when you look at Wall Street recommendations,
Speaker 4: about seventy eight percent of analysts are saying to hold
Speaker 4: the stock for saying buy and seven saying sell. But
Speaker 4: you're looking at a name that you know, none of
Speaker 4: us know Apple. What's going on?
Speaker 3: There s another big one. Apple is in early discussion.
Speaker 3: This is like Bloomberg exclusive about using Google Gemini to
Speaker 3: power a revamped version of Siri. Obviously have been main
Speaker 3: chases with Syria. Many discussions in It seems like this
Speaker 3: is what has been underway for quite some time. This
Speaker 3: is marketing a key pottentional step toward outsour seeing more
Speaker 3: of its artificial intelligence. We're actually seeing post the reaction
Speaker 3: from both Google and Apple. Of course, the ticker is
Speaker 3: app L and the stock is about one point five percent.
Speaker 3: Google has started training on model that could run on
Speaker 3: Apple services, That's what people said. But this, of course
Speaker 3: takes the time Apple approached Google to explore building a
Speaker 3: custom a model that will serve as the foundation of
Speaker 3: the new sery most likely next year. Of course, that's
Speaker 3: been interesting development. Apple hasn't been necessarily keeping up with
Speaker 3: the rest of seven this year, but we're seeing a
Speaker 3: boost on this news. So we're yet to see how
Speaker 3: investors we will read that going forward or that old
Speaker 3: sourcing of AI.
Speaker 1: Yeah, Bloomberg News exclusive from Mark German. Another one. Did
Speaker 1: you have a question, Noura, you're gonna no.
Speaker 4: I want to see what's going on with that exclusive
Speaker 4: with okay, cool, let's keep going on, right all right?
Speaker 3: Yeah?
Speaker 4: Imtu into it?
Speaker 1: Into it is the next one, and you did find
Speaker 1: an actual decliner.
Speaker 3: I actually found one. I was so excited about all
Speaker 3: the small caps writing that I forgot the into It
Speaker 3: fell five percent. The tax software company had a tepid forecast.
Speaker 3: It actually had a pretty strong earnings report, but all
Speaker 3: we care about is the forecast, and clearly the reaction
Speaker 3: is pretty bad. The ticker is i TU. The tax
Speaker 3: preparation software said it expects sales growth between fourteen and
Speaker 3: fifteen percent, and that's where the street is disappointed. They
Speaker 3: expected stronger growth rates. Revenue actually climbed twenty percent. We're
Speaker 3: talking about nearly four billion in revenue, and this is
Speaker 3: ahead of online estimate. But this wasn't enough to bring relief.
Speaker 3: The stock is up five percent year today, but if
Speaker 3: you look at the chart, the last few weeks have
Speaker 3: been quite painful. Last month, the company launched a set
Speaker 3: of AI agent and it's working to automate a lot
Speaker 3: of things, including customer relation, financial analysis. But so far,
Speaker 3: it seems like investors are not necessary necessarily rewarding the
Speaker 3: AI success.
Speaker 2: The stock Mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live Catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.