Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Tim Statoveeck along with Carol Masser. Let's take a
Speaker 3: look at some stocks on the move today. We're joined
Speaker 3: by manaiting editor for Bloomberg Markets Live Blog, Christina Kino Hey,
Speaker 3: Christine Heyo.
Speaker 1: Well, we guys start with broadcome of course, as we
Speaker 1: are those results after hours. I mean, it looks like
Speaker 1: a great set of results. A lot of focus on
Speaker 1: that second quarter AI revenue outlook ten point seven billion dollars,
Speaker 1: well above consensus estimates, and we're also granting shareholders a
Speaker 1: ten billion dollar buy back, So a lot of good
Speaker 1: things going on there in terms of share reaction. Of course,
Speaker 1: ticker avy go those shares just up about half a
Speaker 1: percent after market, so perhaps it'll take the market some
Speaker 1: time to digest some of those results.
Speaker 3: Well, yeah, as Koon John told us, it's like the
Speaker 3: bigger the bet, the where the stock does. I mean
Speaker 3: we saw that with Nvidia last week. Yeah, and it's
Speaker 3: just an environment where even if you have a huge
Speaker 3: beat like one by historical standards for Nvidia was like,
Speaker 3: you know, history making stock still false?
Speaker 4: Well did a bass reporting that actually initially the sales
Speaker 4: forecast for the current period disappointed investors.
Speaker 5: I mean it was twenty two billion.
Speaker 4: Twenty point five billion, but there was some projection saying
Speaker 4: twenty two billion.
Speaker 5: Yeah, well it was twenty two billion, Okay, But I
Speaker 5: think a.
Speaker 1: Lot of these companies are just victims of that's really
Speaker 1: high expectations.
Speaker 5: Right, stupid numbers, stupid numbers. I don't know. All I
Speaker 5: could say is it was down a little bit in
Speaker 5: the aftermarket. Are you glad we're not managing your money?
Speaker 2: All right?
Speaker 4: I was just gonna say that, all right, let's go
Speaker 4: to coinbas because crypto certainly was a trade today to the.
Speaker 1: Upside, absolutely, Carol. So finally a bit of recovery in
Speaker 1: risk asset and crypto in particular in coinbaz benefiting directly
Speaker 1: from that. So took her see oh I And that
Speaker 1: finished the day up four and a half percent on
Speaker 1: one point. It was of more than fifteen percent a day,
Speaker 1: and primarily because of that bitcoin rally. We did also
Speaker 1: get political reporting some news Yes that apparently Ceo Brien
Speaker 1: or Armstrong meant with President Trump, and that meeting especially
Speaker 1: came before President Trump pushed for the passage of the
Speaker 1: Crypto Market.
Speaker 4: Structure Bill, pretty critical right out on truth about banks,
Speaker 4: the traditional banking establishment, and also holding back.
Speaker 3: He's also suing a bank right now.
Speaker 5: He's doing a lot of things.
Speaker 3: He's doing a lot of things as far as I know.
Speaker 4: Yeah, Anyway, crypto man investors were kind of all in.
Speaker 5: You saw a lot of names I.
Speaker 4: Had a coinbase was up, strategy was up, Circle was up.
Speaker 3: Right, there were a lot of the crypto adjacent stocks
Speaker 3: and crypto related stocks. Crypto adjacent bit coins up seven
Speaker 3: percent in a day.
Speaker 5: It's like, are you adjacent to me right now? You
Speaker 5: know it's for now?
Speaker 4: Help because for now, for three more minutes that everybody
Speaker 4: that hurts me.
Speaker 5: No, I'm just kidding. Let's go to so coinbasse. I
Speaker 5: think it was the number two gainer in.
Speaker 1: The exactly one of the top leader's day.
Speaker 5: Can we go to the number one gainer? Who is
Speaker 5: the word'm getting gainer? It's well, I'm talking.
Speaker 1: We'll talk about Moderna that's one of the top gainers
Speaker 1: as well. Day.
Speaker 5: Is it actually the number wait? I might have messed up, Yes.
Speaker 1: Yes, Maderna.
Speaker 5: Hey are you here?
Speaker 4: Oh hey, Tim, all right, go to Maderna, because Maderna
Speaker 4: again and outperformance today, So take her m r NA.
Speaker 1: Those shares ended higher by nearly sixteen percent.
Speaker 5: And so the.
Speaker 1: News today is that, of course it is paying a
Speaker 1: great pay nine hundred and fifty million dollars to settle
Speaker 1: litigation related to the delivery technology behind it's COVID shot.
Speaker 1: And some animals are saying that that figure is actually
Speaker 1: less than feared initially, and so now this just lifts
Speaker 1: that litigation overhand that Maderna has been fighting for a
Speaker 1: while because of the suit, and according to Bloomery Intelligence
Speaker 1: ables Sam Fazzelli, that settlement leaves a cash runway in
Speaker 1: place through at least twenty twenty nine. So all things
Speaker 1: considered a bit of a positive result from Moderna, and
Speaker 1: we're seeing that in your share today.
Speaker 5: Hmm.
Speaker 3: So Carol reminded us that Moderna has fallen quite a
Speaker 3: bit from those twenty twenty one highs. It's down eighty
Speaker 3: seven percent still from that high of four hundred and
Speaker 3: forty nine dollars.
Speaker 5: We say, how much it was up this year? Did
Speaker 5: you say?
Speaker 4: No?
Speaker 3: She didn't, But you can say it because you've said
Speaker 3: it today already.
Speaker 5: I haven't memorized I.
Speaker 4: Listened to you.
Speaker 5: No, you're not. Is it one hundred percent? Just a
Speaker 5: shot ninety six percent to be exact.
Speaker 3: Wow, But it was you know what I listened to you.
Speaker 5: I know you do so much more I do listen
Speaker 5: to you. But it's like kind of like, what.
Speaker 3: This is what I'm saying I learned from.
Speaker 4: You, Carol. Twenty percent though of a float is short,
Speaker 4: so investors are still there's a fair amount of negative sentiment.
Speaker 4: We can tell it's Wednesday, right after a crazy Monday, Tuesday.
Speaker 5: Yeah, yeah, exactly. I don't know what day it is anyway,
Speaker 5: Good stuff, Christine, Thank you so much. Christina Kino joining us. She,
Speaker 5: of course, is managing editor for the Bloomberg Markets Live blog.
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