1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,480 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,520 --> 00:00:22,560 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Crittygupta. As we await 6 00:00:22,920 --> 00:00:26,160 Speaker 1: July CPI, at least the broader market is creatie. We've 7 00:00:26,160 --> 00:00:29,560 Speaker 1: had a smattering of earnings this morning, some chip stocks 8 00:00:29,600 --> 00:00:31,080 Speaker 1: moving as well on news out of China. 9 00:00:31,120 --> 00:00:31,840 Speaker 2: Where should we start? 10 00:00:31,840 --> 00:00:33,160 Speaker 1: Good morning, Good. 11 00:00:33,040 --> 00:00:35,919 Speaker 3: Morning, Nathan. Let's start with the chip stocks. I think 12 00:00:35,960 --> 00:00:39,600 Speaker 3: that's a fair one. Intel is your biggest pre market 13 00:00:39,600 --> 00:00:41,680 Speaker 3: mover in terms of volume this morning to the upside, 14 00:00:41,720 --> 00:00:45,680 Speaker 3: at least, trading higher by about thirty percent. ITC is 15 00:00:45,720 --> 00:00:48,680 Speaker 3: your ticker, treating about twenty one dollars and change. Now 16 00:00:48,720 --> 00:00:50,440 Speaker 3: this is an important one because, of course, as we 17 00:00:50,479 --> 00:00:54,000 Speaker 3: talk about the chip story the geopolitics, Intel really stands out, 18 00:00:54,120 --> 00:00:57,160 Speaker 3: not only because it's been the subject of a lot 19 00:00:57,160 --> 00:00:59,760 Speaker 3: of focus in terms of the turnaround story, but also 20 00:00:59,800 --> 00:01:02,680 Speaker 3: the idea that it is very, very exposed to domestic 21 00:01:02,840 --> 00:01:05,840 Speaker 3: chip manufacturing and kind of briefly caught the eye of 22 00:01:05,920 --> 00:01:08,199 Speaker 3: Donald Trump. As well, which you did see a big 23 00:01:08,280 --> 00:01:11,200 Speaker 3: hit when it came to Intel shares. Now Donald Trump 24 00:01:11,240 --> 00:01:14,160 Speaker 3: is saying members of his cabinet would continue discussions with 25 00:01:14,240 --> 00:01:17,800 Speaker 3: the CEO call, saying that he has an amazing story, 26 00:01:17,840 --> 00:01:21,200 Speaker 3: so perhaps repairing some of that damage in terms of 27 00:01:21,200 --> 00:01:24,000 Speaker 3: their relationship. Nevertheless, the market is reacting to it this morning. 28 00:01:24,360 --> 00:01:27,560 Speaker 3: I NTC is your ticker, hired by about three percent, 29 00:01:27,600 --> 00:01:30,920 Speaker 3: trading out about twenty one dollars and change. It's worth 30 00:01:30,920 --> 00:01:33,640 Speaker 3: getting a quick check when it comes to some of 31 00:01:33,680 --> 00:01:35,679 Speaker 3: the other chip stocks though, Nathan, because of course we 32 00:01:35,720 --> 00:01:39,000 Speaker 3: do know that now it's been reported by Bloomberg that 33 00:01:39,200 --> 00:01:42,280 Speaker 3: about a couple of weeks ago slash months ago, you 34 00:01:42,360 --> 00:01:45,560 Speaker 3: did have China come out and really discouraged some of 35 00:01:45,600 --> 00:01:48,000 Speaker 3: the use of the H twenty, not only their military 36 00:01:48,000 --> 00:01:50,240 Speaker 3: equipment but elsewhere as well. This was not an order, 37 00:01:50,320 --> 00:01:53,080 Speaker 3: this was not a directive, but this was just guidance 38 00:01:53,120 --> 00:01:56,400 Speaker 3: given by authorities and regulators in terms of encouraging or 39 00:01:56,440 --> 00:01:58,480 Speaker 3: discouraging us, say, the use of that. So you did 40 00:01:58,520 --> 00:02:01,400 Speaker 3: see some movement when it came to Envia shares. NVDA 41 00:02:02,240 --> 00:02:05,160 Speaker 3: is your ticker. It's kind of a choppy stock chart 42 00:02:05,200 --> 00:02:08,040 Speaker 3: which works beautifully on radio one hundred and eighty two 43 00:02:08,080 --> 00:02:10,600 Speaker 3: dollars of shares. Where we're at, it's unchanged at the moment, 44 00:02:10,720 --> 00:02:13,360 Speaker 3: but believe me, there's plenty of action in the shock 45 00:02:13,400 --> 00:02:15,840 Speaker 3: and it's certainly not over yet. There's also a big 46 00:02:15,880 --> 00:02:18,919 Speaker 3: question around the H twenty chip and Video owns about 47 00:02:19,000 --> 00:02:21,480 Speaker 3: ninety five percent of that market. AMD is the other 48 00:02:21,560 --> 00:02:25,240 Speaker 3: major player there. They are also again a very choppy 49 00:02:25,240 --> 00:02:27,400 Speaker 3: stock chart. It's only hard by one tenth of one percent, 50 00:02:27,480 --> 00:02:30,040 Speaker 3: but this inter day chart is really something to behold 51 00:02:30,240 --> 00:02:32,480 Speaker 3: treading about one hundred and seventy two dollars a share. 52 00:02:32,520 --> 00:02:34,960 Speaker 3: We'll see how it all shakes out when it comes 53 00:02:35,040 --> 00:02:38,280 Speaker 3: to the open. So lots going on there in terms 54 00:02:38,320 --> 00:02:40,040 Speaker 3: of the chip stocks, but I want to stick with 55 00:02:40,080 --> 00:02:43,200 Speaker 3: the text story though Nathan Apple shares are worth hitting 56 00:02:43,280 --> 00:02:45,799 Speaker 3: this morning. We know I've gotten into a little bit 57 00:02:45,840 --> 00:02:48,400 Speaker 3: of a tiff. I think is a fair way to 58 00:02:48,400 --> 00:02:51,720 Speaker 3: call it with Elon Musk's tesla. I think yeah, I 59 00:02:51,720 --> 00:02:54,520 Speaker 3: think a tif is a polite way to say a fight. 60 00:02:54,760 --> 00:02:57,880 Speaker 3: And basically Elon Musk is talking about the Apple store 61 00:02:57,919 --> 00:03:02,120 Speaker 3: being unfair in terms of the way that Elon Musk 62 00:03:02,160 --> 00:03:04,440 Speaker 3: can access it and his businesses can access it. Nevertheless, 63 00:03:04,440 --> 00:03:06,880 Speaker 3: he's threatening a legal fight Apple shares at least it 64 00:03:06,919 --> 00:03:09,080 Speaker 3: seems of this related to the news kind of taking 65 00:03:09,120 --> 00:03:11,600 Speaker 3: a hit this morning, down about half a percent. We'll 66 00:03:11,600 --> 00:03:14,120 Speaker 3: call it two hundred and twenty six dollars a share. 67 00:03:14,480 --> 00:03:18,519 Speaker 3: AAPL is your ticker, and Nathan, I want to wrap 68 00:03:18,560 --> 00:03:20,160 Speaker 3: it up with a stock that I don't think I've 69 00:03:20,200 --> 00:03:22,440 Speaker 3: ever talked about, but there's always a first for this 70 00:03:22,480 --> 00:03:26,200 Speaker 3: one in the AI space, Big Bear AI. This on 71 00:03:26,280 --> 00:03:28,640 Speaker 3: the big Ai names. This is kind of a momentum stock. 72 00:03:28,720 --> 00:03:32,120 Speaker 3: It swings pretty pretty wildly. It trads about five dollars 73 00:03:32,200 --> 00:03:36,120 Speaker 3: a share. BBAI is your ticker, is down a whopping 74 00:03:36,440 --> 00:03:40,840 Speaker 3: twenty eight percent, So massive beat. Excuse me beating, I 75 00:03:40,840 --> 00:03:43,280 Speaker 3: should say. When it comes to Big Bear shares, there's 76 00:03:43,320 --> 00:03:46,360 Speaker 3: second quarter revenue missed estimates, and it looks like the 77 00:03:46,400 --> 00:03:47,760 Speaker 3: market is punishing it for it. 78 00:03:49,400 --> 00:03:53,440 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 79 00:03:53,520 --> 00:03:56,080 Speaker 2: us throughout the day for the latest roundup of companies 80 00:03:56,160 --> 00:03:59,240 Speaker 2: making news on Wall Street and for the latest market 81 00:03:59,280 --> 00:04:03,760 Speaker 2: moving headline. Listen to Bloomberg Radio Live, catch us on YouTube, 82 00:04:03,840 --> 00:04:07,320 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 83 00:04:07,400 --> 00:04:08,880 Speaker 2: the Bloomberg Business app