1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,800 Speaker 2: the stock market harnessing the power of Bloomberg Data. Let's 4 00:00:16,800 --> 00:00:18,000 Speaker 2: take a look at some of the stocks on the 5 00:00:18,040 --> 00:00:20,840 Speaker 2: move today. I'm Paul Swing alongside Scarla Fuh and we're 6 00:00:20,880 --> 00:00:23,960 Speaker 2: joined by Bloomberg's Christine Aquino. Christine, what are you looking at? 7 00:00:24,200 --> 00:00:27,280 Speaker 1: Well, let's start with AMD, shelby Paul, because that stock 8 00:00:27,520 --> 00:00:30,840 Speaker 1: is still doing well today even after the update that 9 00:00:30,880 --> 00:00:36,040 Speaker 1: we got yesterday, So still going to ticker. AMD shares 10 00:00:36,080 --> 00:00:39,159 Speaker 1: currently up more than seven percent, so extending their opening 11 00:00:39,240 --> 00:00:43,839 Speaker 1: gains after the announcement yesterday. Regarding your long term outlook, 12 00:00:43,880 --> 00:00:46,960 Speaker 1: as we know, of course, CEO Lisa Sue saying that 13 00:00:47,040 --> 00:00:49,680 Speaker 1: annual revenue growth will average more than thirty five percent 14 00:00:49,720 --> 00:00:51,599 Speaker 1: over the next three to five years. And I think 15 00:00:51,640 --> 00:00:55,320 Speaker 1: the headline grabber was really their projection for the total 16 00:00:55,360 --> 00:00:59,560 Speaker 1: addressable AI chip market, which they're projecting to reach one 17 00:00:59,640 --> 00:01:02,960 Speaker 1: trolley dollars by twenty thirty. So the takeaway from that, 18 00:01:03,320 --> 00:01:05,800 Speaker 1: at least acording to Bloomer Intelligence, is that you know, 19 00:01:05,959 --> 00:01:08,959 Speaker 1: that outlook really shows that two AMD's share within the 20 00:01:09,000 --> 00:01:13,240 Speaker 1: AI space is widening. They're engaging multiple customers at a 21 00:01:13,240 --> 00:01:17,440 Speaker 1: comparable scale, and they're really looking at you know, AMD's 22 00:01:17,440 --> 00:01:21,720 Speaker 1: capacity to expand in turn into the space with a 23 00:01:21,760 --> 00:01:24,720 Speaker 1: full stack sort of approach. Right, So they're dirkspanding beyond 24 00:01:24,720 --> 00:01:29,120 Speaker 1: inferencing into full model training, and amdy's products, their GPUs 25 00:01:29,160 --> 00:01:33,520 Speaker 1: and CPUs are gaining broader validation across hyper scalers and enterprises. 26 00:01:34,800 --> 00:01:37,880 Speaker 1: You're also looking at another big tech name, not quite 27 00:01:37,880 --> 00:01:41,000 Speaker 1: so big it once was big. Exactly it shall be 28 00:01:41,000 --> 00:01:44,360 Speaker 1: saying it's an old school tech name in given the 29 00:01:44,400 --> 00:01:46,840 Speaker 1: context of today's at AI booves. And this is Cisco, 30 00:01:47,520 --> 00:01:50,360 Speaker 1: and we're looking at shares a ticker for that is 31 00:01:50,480 --> 00:01:55,120 Speaker 1: cs CEO, and shares a slightly like about half a percent, 32 00:01:55,280 --> 00:01:58,280 Speaker 1: and we're looking ahead to their earnings after the bell scarlets. 33 00:01:58,280 --> 00:02:01,160 Speaker 1: So you know, the expectation is that first quarter EPs 34 00:02:01,160 --> 00:02:04,280 Speaker 1: will wherese five point eight percent and revenue is projected 35 00:02:04,320 --> 00:02:07,960 Speaker 1: to climb five point three percent for fiscal twenty twenty 36 00:02:07,960 --> 00:02:11,280 Speaker 1: six and then to celebrate modestly over the next few years. 37 00:02:11,320 --> 00:02:13,240 Speaker 1: So the thing with Cisco is that it's one of these, 38 00:02:13,320 --> 00:02:15,919 Speaker 1: as we know, kind of more old school companies, right 39 00:02:16,000 --> 00:02:17,960 Speaker 1: that perhaps it's a little late to the game when 40 00:02:18,000 --> 00:02:22,160 Speaker 1: it comes to capitalizing on AI capabilities. But we know 41 00:02:22,200 --> 00:02:24,519 Speaker 1: that they're starting to ramp that up, right. They partnered 42 00:02:24,560 --> 00:02:27,720 Speaker 1: with Nvidia to speed up the deployment of their AI systems, 43 00:02:27,800 --> 00:02:31,000 Speaker 1: and results from their last quarter did show that their 44 00:02:31,000 --> 00:02:33,080 Speaker 1: projects in that space are picking up. And so that 45 00:02:33,200 --> 00:02:36,120 Speaker 1: is the big question for shareholders, right, like, can they 46 00:02:36,160 --> 00:02:39,880 Speaker 1: finally evolve to really capitalize on that, because even though 47 00:02:39,880 --> 00:02:42,280 Speaker 1: their shares are more than twenty percent this year, their 48 00:02:42,280 --> 00:02:45,040 Speaker 1: prices are still below the peak in a dot com era, 49 00:02:45,120 --> 00:02:47,760 Speaker 1: and there's this perception that they are a little late 50 00:02:47,800 --> 00:02:50,040 Speaker 1: to the game compared with their competitors. So we'll look 51 00:02:50,080 --> 00:02:51,600 Speaker 1: forward to those earnings after the bell today. 52 00:02:51,680 --> 00:02:52,880 Speaker 2: All right, one more, what do you got? 53 00:02:53,080 --> 00:02:55,440 Speaker 1: Let's look at JB. Morgan y. 54 00:02:55,639 --> 00:02:57,720 Speaker 2: So the big CEOs they have a dinner tonight that's 55 00:02:57,760 --> 00:02:59,840 Speaker 2: in DC. Yeah yeah, yeh. It's it off the record 56 00:03:00,240 --> 00:03:03,040 Speaker 2: because it's not on the public schedule, right, I saw it. 57 00:03:03,080 --> 00:03:05,040 Speaker 1: Bloomberg is reporting it. But if you look at the 58 00:03:05,040 --> 00:03:08,079 Speaker 1: president's public schedule, just as private event. Oh interesting, yeah 59 00:03:08,120 --> 00:03:10,359 Speaker 1: yeah yeah, So this is a Bloomberg exclusive that they 60 00:03:10,400 --> 00:03:13,600 Speaker 1: are going to be having dinner. So JP Morgan CEO 61 00:03:13,840 --> 00:03:16,080 Speaker 1: Jamie Diamond is going to be in attendance along with 62 00:03:16,320 --> 00:03:20,040 Speaker 1: other finance industry executives, so we'll be interesting to see 63 00:03:20,040 --> 00:03:22,400 Speaker 1: what sort of headlines we might get from that. But yeah, 64 00:03:22,480 --> 00:03:25,639 Speaker 1: JP Morgan ticker JPM those shares act thing gains a 65 00:03:25,680 --> 00:03:28,080 Speaker 1: little bit up one point nine percent. So in addition 66 00:03:28,120 --> 00:03:30,840 Speaker 1: to dinner, we also got news that they're going to 67 00:03:30,840 --> 00:03:34,120 Speaker 1: be rolling out a deposit token called jpm coin to 68 00:03:34,320 --> 00:03:38,080 Speaker 1: institutional clients. And you know, the token represents dollar deposits 69 00:03:38,120 --> 00:03:40,600 Speaker 1: at JP Morgan. Will allow the users to send and 70 00:03:40,640 --> 00:03:44,200 Speaker 1: receive money via the public blockchain Base, which is affiliated 71 00:03:44,240 --> 00:03:46,920 Speaker 1: with coinbase, and the idea is that eventually they'll make 72 00:03:46,920 --> 00:03:49,960 Speaker 1: this token accessible to not only its clients, but also 73 00:03:50,320 --> 00:03:54,720 Speaker 1: the clients of its clients, and potentially looking at different 74 00:03:54,840 --> 00:03:58,440 Speaker 1: currency denominations as well beyond the dollar. So interesting move 75 00:03:58,480 --> 00:04:00,000 Speaker 1: there by JP Morgan. We'll see how that play. 76 00:04:01,520 --> 00:04:05,760 Speaker 2: The Stockmovers report from Bloomberg Radio. 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