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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Tim Statoveeck along with Carol Masser. Let's take a

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Speaker 3: look at some stocks on the move today. We're joined

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Speaker 3: by manaiting editor for Bloomberg Markets Live Blog, Christina Kino Hey,

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Speaker 3: Christine Heyo.

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Speaker 1: Well, we guys start with broadcome of course, as we

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Speaker 1: are those results after hours. I mean, it looks like

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Speaker 1: a great set of results. A lot of focus on

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Speaker 1: that second quarter AI revenue outlook ten point seven billion dollars,

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Speaker 1: well above consensus estimates, and we're also granting shareholders a

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Speaker 1: ten billion dollar buy back, So a lot of good

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Speaker 1: things going on there in terms of share reaction. Of course,

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Speaker 1: ticker avy go those shares just up about half a

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Speaker 1: percent after market, so perhaps it'll take the market some

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Speaker 1: time to digest some of those results.

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Speaker 3: Well, yeah, as Koon John told us, it's like the

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Speaker 3: bigger the bet, the where the stock does. I mean

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Speaker 3: we saw that with Nvidia last week. Yeah, and it's

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Speaker 3: just an environment where even if you have a huge

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Speaker 3: beat like one by historical standards for Nvidia was like,

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Speaker 3: you know, history making stock still false?

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Speaker 4: Well did a bass reporting that actually initially the sales

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Speaker 4: forecast for the current period disappointed investors.

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Speaker 5: I mean it was twenty two billion.

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Speaker 4: Twenty point five billion, but there was some projection saying

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Speaker 4: twenty two billion.

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Speaker 5: Yeah, well it was twenty two billion, Okay, But I

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Speaker 5: think a.

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Speaker 1: Lot of these companies are just victims of that's really

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Speaker 1: high expectations.

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Speaker 5: Right, stupid numbers, stupid numbers. I don't know. All I

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Speaker 5: could say is it was down a little bit in

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Speaker 5: the aftermarket. Are you glad we're not managing your money?

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Speaker 2: All right?

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Speaker 4: I was just gonna say that, all right, let's go

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Speaker 4: to coinbas because crypto certainly was a trade today to the.

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Speaker 1: Upside, absolutely, Carol. So finally a bit of recovery in

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Speaker 1: risk asset and crypto in particular in coinbaz benefiting directly

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Speaker 1: from that. So took her see oh I And that

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Speaker 1: finished the day up four and a half percent on

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Speaker 1: one point. It was of more than fifteen percent a day,

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Speaker 1: and primarily because of that bitcoin rally. We did also

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Speaker 1: get political reporting some news Yes that apparently Ceo Brien

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Speaker 1: or Armstrong meant with President Trump, and that meeting especially

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Speaker 1: came before President Trump pushed for the passage of the

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Speaker 1: Crypto Market.

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Speaker 4: Structure Bill, pretty critical right out on truth about banks,

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Speaker 4: the traditional banking establishment, and also holding back.

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Speaker 3: He's also suing a bank right now.

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Speaker 5: He's doing a lot of things.

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Speaker 3: He's doing a lot of things as far as I know.

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Speaker 4: Yeah, Anyway, crypto man investors were kind of all in.

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Speaker 5: You saw a lot of names I.

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Speaker 4: Had a coinbase was up, strategy was up, Circle was up.

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Speaker 3: Right, there were a lot of the crypto adjacent stocks

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Speaker 3: and crypto related stocks. Crypto adjacent bit coins up seven

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Speaker 3: percent in a day.

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Speaker 5: It's like, are you adjacent to me right now? You

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Speaker 5: know it's for now?

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Speaker 4: Help because for now, for three more minutes that everybody

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Speaker 4: that hurts me.

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Speaker 5: No, I'm just kidding. Let's go to so coinbasse. I

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Speaker 5: think it was the number two gainer in.

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Speaker 1: The exactly one of the top leader's day.

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Speaker 5: Can we go to the number one gainer? Who is

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Speaker 5: the word'm getting gainer? It's well, I'm talking.

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Speaker 1: We'll talk about Moderna that's one of the top gainers

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Speaker 1: as well. Day.

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Speaker 5: Is it actually the number wait? I might have messed up, Yes.

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Speaker 1: Yes, Maderna.

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Speaker 5: Hey are you here?

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Speaker 4: Oh hey, Tim, all right, go to Maderna, because Maderna

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Speaker 4: again and outperformance today, So take her m r NA.

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Speaker 1: Those shares ended higher by nearly sixteen percent.

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Speaker 5: And so the.

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Speaker 1: News today is that, of course it is paying a

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Speaker 1: great pay nine hundred and fifty million dollars to settle

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Speaker 1: litigation related to the delivery technology behind it's COVID shot.

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Speaker 1: And some animals are saying that that figure is actually

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Speaker 1: less than feared initially, and so now this just lifts

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Speaker 1: that litigation overhand that Maderna has been fighting for a

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Speaker 1: while because of the suit, and according to Bloomery Intelligence

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Speaker 1: ables Sam Fazzelli, that settlement leaves a cash runway in

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Speaker 1: place through at least twenty twenty nine. So all things

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Speaker 1: considered a bit of a positive result from Moderna, and

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Speaker 1: we're seeing that in your share today.

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Speaker 5: Hmm.

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Speaker 3: So Carol reminded us that Moderna has fallen quite a

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Speaker 3: bit from those twenty twenty one highs. It's down eighty

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Speaker 3: seven percent still from that high of four hundred and

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Speaker 3: forty nine dollars.

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Speaker 5: We say, how much it was up this year? Did

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Speaker 5: you say?

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Speaker 4: No?

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Speaker 3: She didn't, But you can say it because you've said

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Speaker 3: it today already.

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Speaker 5: I haven't memorized I.

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Speaker 4: Listened to you.

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Speaker 5: No, you're not. Is it one hundred percent? Just a

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Speaker 5: shot ninety six percent to be exact.

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Speaker 3: Wow, But it was you know what I listened to you.

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Speaker 5: I know you do so much more I do listen

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Speaker 5: to you. But it's like kind of like, what.

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Speaker 3: This is what I'm saying I learned from.

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Speaker 4: You, Carol. Twenty percent though of a float is short,

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Speaker 4: so investors are still there's a fair amount of negative sentiment.

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Speaker 4: We can tell it's Wednesday, right after a crazy Monday, Tuesday.

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Speaker 5: Yeah, yeah, exactly. I don't know what day it is anyway,

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Speaker 5: Good stuff, Christine, Thank you so much. Christina Kino joining us. She,

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Speaker 5: of course, is managing editor for the Bloomberg Markets Live blog.

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Speaker 4: Be sure to check it out on the Bloomberg and

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Speaker 4: check out our Stockmovers podcast or five minute episodes. They

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Speaker 4: come out constantly throughout the day, NonStop.

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