1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,360 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,960 --> 00:00:18,919 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:18,920 --> 00:00:21,280 Speaker 2: I'm Nathan Hager and here with your on video updates. 6 00:00:21,680 --> 00:00:23,280 Speaker 2: Here's Bloomberg's KRITTI Goopda. 7 00:00:23,360 --> 00:00:26,480 Speaker 3: Good morning, Critty, Good morning Nathan. Those shares down about 8 00:00:26,520 --> 00:00:29,800 Speaker 3: one point seven percent. NVDA is your ticker. We've kind 9 00:00:29,800 --> 00:00:31,600 Speaker 3: of been hovering around that level, I would say throughout 10 00:00:31,600 --> 00:00:34,120 Speaker 3: the pre market session, treading about one hundred and seventy 11 00:00:34,159 --> 00:00:37,559 Speaker 3: eight dollars and change. Now this is important because we 12 00:00:37,560 --> 00:00:40,400 Speaker 3: were really expecting in Nvidia to be a major miss 13 00:00:40,560 --> 00:00:43,920 Speaker 3: or a major hit, something a little bit more momentous 14 00:00:44,080 --> 00:00:46,200 Speaker 3: than a less than two percent move in the pre market. 15 00:00:46,200 --> 00:00:48,720 Speaker 2: At least that's what I was bracing for. We haven't 16 00:00:48,760 --> 00:00:49,360 Speaker 2: really seen that. 17 00:00:49,400 --> 00:00:52,640 Speaker 3: These earnings they're not they haven't been the A plus 18 00:00:52,640 --> 00:00:55,160 Speaker 3: plus plus earnings that we have been so used to, 19 00:00:55,440 --> 00:00:57,400 Speaker 3: but you're also not seeing the market punish them in 20 00:00:57,440 --> 00:00:59,320 Speaker 3: a big, big way. The earning's coming out to basically 21 00:00:59,400 --> 00:01:04,000 Speaker 3: be in kind of in line with expectations. They certainly beat. 22 00:01:04,160 --> 00:01:07,080 Speaker 3: They had fifty six percent sales growth in the last quarter. 23 00:01:07,160 --> 00:01:09,800 Speaker 3: That's a pretty juicy number in itself. Where you are 24 00:01:09,800 --> 00:01:11,840 Speaker 3: seeing a little bit of the deterioration is of course 25 00:01:12,080 --> 00:01:15,200 Speaker 3: the China question leading over the whole company and where 26 00:01:15,200 --> 00:01:18,640 Speaker 3: the h twenty debate moves forward Boat Jensen Wog and 27 00:01:18,680 --> 00:01:22,200 Speaker 3: the CFO talking about the uncertainty around that, but also 28 00:01:22,240 --> 00:01:26,160 Speaker 3: the idea that you may actually see a little bit 29 00:01:26,160 --> 00:01:29,760 Speaker 3: of the question around the diversification the hyperscalers, and also 30 00:01:29,840 --> 00:01:31,959 Speaker 3: just the fact that the data revenue piece of their 31 00:01:31,959 --> 00:01:35,200 Speaker 3: business has actually coming data center revenue seasing is coming 32 00:01:35,280 --> 00:01:37,440 Speaker 3: down just a little bit. But again, fifty six percent, 33 00:01:37,520 --> 00:01:39,280 Speaker 3: I think is the number you want to take away here. 34 00:01:39,480 --> 00:01:41,760 Speaker 2: That's the number that the sales rose by and shares. 35 00:01:41,520 --> 00:01:45,280 Speaker 3: Are down under two percent this morning ENVDA. That being said, 36 00:01:45,319 --> 00:01:48,520 Speaker 3: we were so prepared for Nvidia, we completely forgot about 37 00:01:48,520 --> 00:01:51,520 Speaker 3: CrowdStrike early. And that's where I would say more of 38 00:01:51,520 --> 00:01:55,240 Speaker 3: the price action is this morning. See RWD is your 39 00:01:55,280 --> 00:01:57,320 Speaker 3: ticker down about three point seven percent in the pre 40 00:01:57,400 --> 00:02:01,000 Speaker 3: market this morning, trading at four hundred and dollars a share. 41 00:02:01,040 --> 00:02:03,360 Speaker 3: Now all remember crowd strike for a variety of things, 42 00:02:03,400 --> 00:02:05,640 Speaker 3: but most recently, and the shadow that's hanging over this 43 00:02:05,720 --> 00:02:08,440 Speaker 3: company is the outage from last year. Well, it turns 44 00:02:08,440 --> 00:02:11,160 Speaker 3: out still a big drag when it comes to their 45 00:02:11,160 --> 00:02:14,800 Speaker 3: subscription base and the revenue that they are getting from that. However, 46 00:02:15,040 --> 00:02:18,000 Speaker 3: they did raise their fullier earnings outlook despite that third 47 00:02:18,040 --> 00:02:20,799 Speaker 3: quarter revenue guidance coming in below estimate, so as they're 48 00:02:20,840 --> 00:02:24,040 Speaker 3: saying that this is a temporary blip, there is a better. 49 00:02:23,919 --> 00:02:26,160 Speaker 2: Coming down the road, it did not convince Wall Street though. 50 00:02:26,160 --> 00:02:28,680 Speaker 3: You are seeing a couple of price target cuts over 51 00:02:28,680 --> 00:02:32,440 Speaker 3: at Piper Sandler, over at Bernstein as well, So certainly 52 00:02:32,680 --> 00:02:35,280 Speaker 3: Wall Street is not happy and that's being reflected in 53 00:02:35,480 --> 00:02:38,079 Speaker 3: the shares this morning. And Nathan An end with one 54 00:02:38,120 --> 00:02:41,519 Speaker 3: more tech stock if I can, and that is hp Inc. 55 00:02:41,720 --> 00:02:44,840 Speaker 3: HPQ is the ticker, trading out about twenty six dollars 56 00:02:44,840 --> 00:02:47,359 Speaker 3: and changed down about one and a half percent. And 57 00:02:47,400 --> 00:02:49,520 Speaker 3: now this one's a different story. It's a tech story. 58 00:02:49,840 --> 00:02:53,280 Speaker 3: It met their earnings, their profit forecast looks decent, but 59 00:02:53,400 --> 00:02:54,360 Speaker 3: it's the fact that they. 60 00:02:54,240 --> 00:02:55,840 Speaker 2: Are worried about the tariff hit. 61 00:02:55,880 --> 00:02:59,120 Speaker 3: They're worried about the geopolitics eating into their bottom line, 62 00:02:59,160 --> 00:03:02,080 Speaker 3: and that's where to see the Street get a little 63 00:03:02,080 --> 00:03:04,880 Speaker 3: bit nervous when it comes to this stock, especially when 64 00:03:04,919 --> 00:03:07,320 Speaker 3: it comes to the personal computer business here as well. 65 00:03:07,400 --> 00:03:08,880 Speaker 2: So HPQ is the ticker. 66 00:03:08,919 --> 00:03:12,280 Speaker 3: Do not confuse this with HPE, which is Hewlett Packard 67 00:03:12,360 --> 00:03:16,760 Speaker 3: Enterprises at It's a different stock. But HPQ is seeing 68 00:03:16,919 --> 00:03:18,760 Speaker 3: a little bit of movement this morning. 69 00:03:19,760 --> 00:03:23,800 Speaker 1: The Stock Movers report from Bloomberg Radio. Check back with 70 00:03:23,880 --> 00:03:26,440 Speaker 1: us throughout the day for the latest roundup of companies 71 00:03:26,520 --> 00:03:29,640 Speaker 1: making news on Wall Street and for the latest market 72 00:03:29,639 --> 00:03:34,120 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 73 00:03:34,200 --> 00:03:37,720 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 74 00:03:37,800 --> 00:03:39,280 Speaker 1: the Bloomberg Business app.