WEBVTT - Nvidia Earnings; Crowdstrike Miss; HP Inc and Tariffs

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some stocks on the move today.

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<v Speaker 2>I'm Nathan Hager and here with your on video updates.

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<v Speaker 2>Here's Bloomberg's KRITTI Goopda.

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<v Speaker 3>Good morning, Critty, Good morning Nathan. Those shares down about

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<v Speaker 3>one point seven percent. NVDA is your ticker. We've kind

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<v Speaker 3>of been hovering around that level, I would say throughout

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<v Speaker 3>the pre market session, treading about one hundred and seventy

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<v Speaker 3>eight dollars and change. Now this is important because we

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<v Speaker 3>were really expecting in Nvidia to be a major miss

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<v Speaker 3>or a major hit, something a little bit more momentous

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<v Speaker 3>than a less than two percent move in the pre market.

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<v Speaker 2>At least that's what I was bracing for. We haven't

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<v Speaker 2>really seen that.

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<v Speaker 3>These earnings they're not they haven't been the A plus

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<v Speaker 3>plus plus earnings that we have been so used to,

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<v Speaker 3>but you're also not seeing the market punish them in

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<v Speaker 3>a big, big way. The earning's coming out to basically

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<v Speaker 3>be in kind of in line with expectations. They certainly beat.

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<v Speaker 3>They had fifty six percent sales growth in the last quarter.

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<v Speaker 3>That's a pretty juicy number in itself. Where you are

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<v Speaker 3>seeing a little bit of the deterioration is of course

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<v Speaker 3>the China question leading over the whole company and where

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<v Speaker 3>the h twenty debate moves forward Boat Jensen Wog and

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<v Speaker 3>the CFO talking about the uncertainty around that, but also

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<v Speaker 3>the idea that you may actually see a little bit

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<v Speaker 3>of the question around the diversification the hyperscalers, and also

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<v Speaker 3>just the fact that the data revenue piece of their

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<v Speaker 3>business has actually coming data center revenue seasing is coming

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<v Speaker 3>down just a little bit. But again, fifty six percent,

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<v Speaker 3>I think is the number you want to take away here.

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<v Speaker 2>That's the number that the sales rose by and shares.

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<v Speaker 3>Are down under two percent this morning ENVDA. That being said,

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<v Speaker 3>we were so prepared for Nvidia, we completely forgot about

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<v Speaker 3>CrowdStrike early. And that's where I would say more of

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<v Speaker 3>the price action is this morning. See RWD is your

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<v Speaker 3>ticker down about three point seven percent in the pre

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<v Speaker 3>market this morning, trading at four hundred and dollars a share.

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<v Speaker 3>Now all remember crowd strike for a variety of things,

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<v Speaker 3>but most recently, and the shadow that's hanging over this

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<v Speaker 3>company is the outage from last year. Well, it turns

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<v Speaker 3>out still a big drag when it comes to their

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<v Speaker 3>subscription base and the revenue that they are getting from that. However,

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<v Speaker 3>they did raise their fullier earnings outlook despite that third

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<v Speaker 3>quarter revenue guidance coming in below estimate, so as they're

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<v Speaker 3>saying that this is a temporary blip, there is a better.

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<v Speaker 2>Coming down the road, it did not convince Wall Street though.

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<v Speaker 3>You are seeing a couple of price target cuts over

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<v Speaker 3>at Piper Sandler, over at Bernstein as well, So certainly

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<v Speaker 3>Wall Street is not happy and that's being reflected in

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<v Speaker 3>the shares this morning. And Nathan An end with one

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<v Speaker 3>more tech stock if I can, and that is hp Inc.

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<v Speaker 3>HPQ is the ticker, trading out about twenty six dollars

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<v Speaker 3>and changed down about one and a half percent. And

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<v Speaker 3>now this one's a different story. It's a tech story.

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<v Speaker 3>It met their earnings, their profit forecast looks decent, but

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<v Speaker 3>it's the fact that they.

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<v Speaker 2>Are worried about the tariff hit.

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<v Speaker 3>They're worried about the geopolitics eating into their bottom line,

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<v Speaker 3>and that's where to see the Street get a little

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<v Speaker 3>bit nervous when it comes to this stock, especially when

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<v Speaker 3>it comes to the personal computer business here as well.

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<v Speaker 2>So HPQ is the ticker.

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<v Speaker 3>Do not confuse this with HPE, which is Hewlett Packard

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<v Speaker 3>Enterprises at It's a different stock. But HPQ is seeing

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<v Speaker 3>a little bit of movement this morning.

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