Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: This is the closing bell on this stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greifel.
Speaker 3: Well, speaking of what gained today, we got to start
Speaker 3: with looking at Nvidia and ARM. In Vidia shares rising today,
Speaker 3: what more than six point two percent? We'll go ahead
Speaker 3: and round that up six point three percent today. Armholdings
Speaker 3: hitting a new intra day record today, up at its
Speaker 3: best levels more than twenty percent, but closing fifteen point
Speaker 3: seven percent higher today. This after in Nvidia announced a
Speaker 3: new product that combines an armed central processing unit CPU
Speaker 3: and a Blackwell generation graphics processor. We're talking about the
Speaker 3: RTX Spark super chip. It'll debut in laptop and desktop
Speaker 3: computers from Dell and Lenova. It'll run Microsoft's Windows ARM
Speaker 3: operating system. Jensen announced this in Taiwan overnight. It'll allow
Speaker 3: for you know, so called aipcs. We had a great
Speaker 3: chat with Ian King a little earlier.
Speaker 1: How much are these things going to cost?
Speaker 3: Oh, we don't know about that yet, Okay, but what
Speaker 3: we do know and I guess Also, what we don't
Speaker 3: know is like what normal people will do with these aipcs.
Speaker 3: Qualcom's been talking about this for years, But what you know,
Speaker 3: given what people do on computers right now and on
Speaker 3: their smartphones right now, you know in the way they
Speaker 3: interact with.
Speaker 1: I love Qualcom because I'd also like to point out
Speaker 1: that Christiano Amone, the CEO of Qualcomb, was also on
Speaker 1: that same stage, and nobody's talking about them for some reason,
Speaker 1: because they basically have the same thing.
Speaker 3: Last check they do and my last check, shares of
Speaker 3: Qualcom were down more than eight percent, but I haven't
Speaker 3: I haven't looked in the last couple of hours. Also,
Speaker 3: MGM Resorts International today shares surging this after we learned
Speaker 3: Barry Diller has made an offer for the remaining portion
Speaker 3: of MGM Resorts International he doesn't already own, finishing the
Speaker 3: day up more than sixteen percent. The proposal is for
Speaker 3: the seventy four percent we'll call it of MGM Resorts
Speaker 3: that it doesn't already own. It values the company at
Speaker 3: eighteen point eight billion dollars including debt. Diller believes the
Speaker 3: market quote materially undervalues the power and durability of MGM assets.
Speaker 3: Which have real world assets that AI cannot easily replicate
Speaker 3: or disintermediate and exceptional digital growth opportunities once again. MGM
Speaker 3: resorts up by sixteen percent today. And finally, how about
Speaker 3: a little movie theater AMC Entertainment twenty two and a
Speaker 3: half percent higher today. We saw several movie theater stocks
Speaker 3: actually move higher today after a record box office weekend
Speaker 3: for the independent distributor of backrooms, closing out the strong
Speaker 3: May lineup AMC shares they're heavily shorted. They said that
Speaker 3: after yet another strong weekend at the box office in May,
Speaker 3: they have seen the highest attended month of May going
Speaker 3: back to twenty nine.
Speaker 1: Have you seen this movie yet?
Speaker 3: I have not. I have not seen it, Emily, I
Speaker 3: have not seen any movies.
Speaker 1: Ro May I know, well you have you have tiny kids?
Speaker 3: Yeah, all you're watching our cartoons. I watched Marty Supreme
Speaker 3: on HBO Max a few weeks ago.
Speaker 4: With your children came out a while ago.
Speaker 3: They did come out for me. That did not come
Speaker 3: out a while ago. I thought it was I thought
Speaker 3: it was fun, okay, really yeah?
Speaker 2: Why yeah?
Speaker 5: I heard it was stressful.
Speaker 3: Well that's all the movies from those guys.
Speaker 5: Yeow yeah, I don't.
Speaker 1: It's not keep you see cut gems, it's a uncut
Speaker 1: jams that's still recovering.
Speaker 3: Yeah, yeah, all right, I'm gonna let Emily go.
Speaker 4: Well, go to the decliners. Similar theme to what Tim
Speaker 4: was just talking about here, starting with Intel, Intel lower
Speaker 4: as in Nvidia enters the PC market with a new ship,
Speaker 4: so a new chip that's weighing on shares of chip
Speaker 4: maker's Intel. It's also weighing on Qualcom, as we had discussed.
Speaker 4: I picked Intel because it's a bigger market cap company,
Speaker 4: but Qualcomb did fall about eight percent. Intel closing the
Speaker 4: day down about four point six percent. The shares were
Speaker 4: down about ten percent in the last five days. Almost
Speaker 4: twenty seven billion dollars in market cap erased for Intel.
Speaker 4: Though just today, I'm also looking at shares of rocket Lab.
Speaker 4: Shares of Spacelink stocks declined today, rocket Lab down about
Speaker 4: fourteen point seven seven percent. This is all coming after
Speaker 4: a Blue Origin rocket exploded last week, so that trade
Speaker 4: in Spacelink stocks continuing into this week. The Jeff Bezos
Speaker 4: backed firm Blue Origins New Glen rocket blew up on
Speaker 4: Thursday evening while undergoing a test on a Florida launch pad,
Speaker 4: and this, of course is ahead of its plans for
Speaker 4: it to deploy satellites for Amazon's Leo, which is a
Speaker 4: rival network to Starlink. Yeah. And then finally Ford shares
Speaker 4: dropping sorry Romine.
Speaker 1: Yeah sorry, we're getting earnings right now out of Hewlett
Speaker 1: Packard Enterprise crossing the wire and the shares on fire
Speaker 1: up about fifteen percent. A lot of questions as to
Speaker 1: whether they would be participating, of course, in this AI boom.
Speaker 1: Net revenue in the most recent quarter up forty percent
Speaker 1: to ten point seven billion dollars. The street was looking
Speaker 1: for nine point seven so basically came in about a
Speaker 1: billion dollars over that. Networking revenue was the star of
Speaker 1: the show, two point six to nine billion. That's up
Speaker 1: from about one point billion at one point one billion
Speaker 1: the previous year here, so a huge acceleration and growth there.
Speaker 1: Adjusteddps also beat seventy nine cents a share. The street
Speaker 1: was looking for fifty four cents. Here's your forecast for
Speaker 1: the full year. The company says expected ads todps three
Speaker 1: thirty five. The three forty five a share that's more
Speaker 1: than a dollar more than what it had previously guided for.
Speaker 1: On both the top and low end of that range
Speaker 1: of seeds free cash flow of three and a half
Speaker 1: billion dollars for the full year, up from its previous
Speaker 1: guidance of two billion dollars. So you get the story here.
Speaker 1: This is a company projecting a huge acceleration in growth,
Speaker 1: and you now see those shares accelerating up twenty four
Speaker 1: percent in the after hours trade.
Speaker 5: Yeah, just amazing. Let's talk about this shares a little
Speaker 5: bit more here, because I mean, heading into these results
Speaker 5: today alone, we saw HPE shares rise by more than
Speaker 5: nine percent for the full year. For twenty twenty six,
Speaker 5: year to date, shares hired by ninety seven percent on
Speaker 5: a total return basis. There was this idea out there
Speaker 5: that maybe HP Enterprise, maybe they faced a high bar
Speaker 5: after what we saw from Dell, But clearly if that
Speaker 5: bar was set even higher, they seem to surpass at
Speaker 5: least take a look at the after shares reaction here,
Speaker 5: a higher by nearly twenty five percent at this.
Speaker 3: Point, Okay, you guys are watching what's happening with Hewlett
Speaker 3: Packard Enterprise. I'm watching what's happening after hours with Credo Tech,
Speaker 3: which going into today's print shares were up this year
Speaker 3: by close to sixty percent. Shares getting I wouldn't say
Speaker 3: crushed given what they've done this year, but still down
Speaker 3: double digits right now. Fourth quarter revenue coming in just
Speaker 3: above estimates at four hundred and thirty seven million dollars,
Speaker 3: but let's look at the first quarter outlook cease first
Speaker 3: quarter revenue for sixty five to four seventy five that
Speaker 3: comes in above estimates a four hundred and sixty million
Speaker 3: dollars first quarter justy gross margin above estimates at sixty
Speaker 3: seven to sixty nine percent. The estimate estimate was for
Speaker 3: sixty five percent. I guess not enough for the high
Speaker 3: hopes that investors had going into this. Shares down about
Speaker 3: twelve and a half percent in the after hours, but
Speaker 3: again this shares up significantly this year, close to sixty percent.
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