1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,800 --> 00:00:19,079 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:19,360 --> 00:00:22,840 Speaker 2: I'm Tom Keen with Paul Sweeni and Bloomberg's Lisa. 6 00:00:22,600 --> 00:00:26,800 Speaker 3: Matteo, and we're starting with Advanced micro Devices AMD. It 7 00:00:26,880 --> 00:00:28,880 Speaker 3: shares a bit up as much as five percent, their 8 00:00:29,040 --> 00:00:32,400 Speaker 3: in video's closest competition in AI chips. Okay, so it's 9 00:00:32,440 --> 00:00:35,880 Speaker 3: CEO Lisa Sue. She said annual revenue growth will average 10 00:00:35,920 --> 00:00:38,120 Speaker 3: more than thirty five percent over the next three to 11 00:00:38,240 --> 00:00:41,640 Speaker 3: five years. AMD's AI data center revenue is going to 12 00:00:41,640 --> 00:00:44,600 Speaker 3: increase by an average of eighty percent over that same period. 13 00:00:44,880 --> 00:00:47,280 Speaker 3: And it was this long look that was really key 14 00:00:47,320 --> 00:00:50,720 Speaker 3: because investors, they've been really concerned about the massive spend. 15 00:00:50,720 --> 00:00:54,760 Speaker 3: They say it's not sustainable. Its CEO said very confidently 16 00:00:54,880 --> 00:00:58,040 Speaker 3: that it's not going to level off, and they like that. 17 00:00:58,200 --> 00:01:02,040 Speaker 3: Lou said, the total AI chip market, including accelerators, processors, 18 00:01:02,040 --> 00:01:04,720 Speaker 3: and working products, it's going to reach one trillion dollars 19 00:01:04,760 --> 00:01:06,000 Speaker 3: by twenty to thirty. 20 00:01:06,200 --> 00:01:09,679 Speaker 2: This is not my expertise, but I'm somewhat read in 21 00:01:10,560 --> 00:01:14,720 Speaker 2: the debate over the accounting of all this capex Paul. 22 00:01:15,040 --> 00:01:16,319 Speaker 2: That's the December debate. 23 00:01:16,400 --> 00:01:16,800 Speaker 1: There you go. 24 00:01:17,360 --> 00:01:19,640 Speaker 2: Some of the people from the big short and others 25 00:01:19,680 --> 00:01:23,640 Speaker 2: are talking this up. It's an intelligent discussion. I don't 26 00:01:23,680 --> 00:01:26,959 Speaker 2: have an opinion, but I'm telling you, Lisa, the conversation 27 00:01:27,080 --> 00:01:30,119 Speaker 2: for AMD and the others is the accounting of all 28 00:01:30,160 --> 00:01:32,080 Speaker 2: this moving forward. What do you got next? 29 00:01:32,200 --> 00:01:35,720 Speaker 3: Yes, okay, we'll move on to Swiss sneaker maker on holding. Okay, 30 00:01:35,760 --> 00:01:38,360 Speaker 3: taker o n. They're sure they've actually been up as 31 00:01:38,440 --> 00:01:41,399 Speaker 3: much as eleven percent. This is a company backed by 32 00:01:41,480 --> 00:01:44,640 Speaker 3: Roger Federer. Yes, Tennis Champ founded in twenty ten. 33 00:01:44,760 --> 00:01:46,560 Speaker 2: Yes, didn't even know this company existed. 34 00:01:46,720 --> 00:01:47,360 Speaker 1: I didn't even know this. 35 00:01:47,760 --> 00:01:49,120 Speaker 2: I didn't even know this brand. 36 00:01:48,840 --> 00:01:52,360 Speaker 3: Existing, Yes, twenty ten. It goes back to yeah, okay, 37 00:01:52,440 --> 00:01:55,200 Speaker 3: So they boosted their forecast right for the year, better 38 00:01:55,240 --> 00:01:58,080 Speaker 3: than expect the third quarter. Asia and Europe were a 39 00:01:58,120 --> 00:01:59,840 Speaker 3: big part of it. They really snatch it up on 40 00:01:59,880 --> 00:02:03,360 Speaker 3: the shoes. They now see revenue growing thirty four percent 41 00:02:03,400 --> 00:02:05,640 Speaker 3: this financial year. I mean, it's become one of the 42 00:02:05,760 --> 00:02:09,959 Speaker 3: top performers in the sneaker world. It's even expanding to tennis. Yes, 43 00:02:10,000 --> 00:02:13,680 Speaker 3: that's where they get in Roger Federer training shoes apparel 44 00:02:13,840 --> 00:02:16,760 Speaker 3: as well. They're eating into market share, have bigger players 45 00:02:16,760 --> 00:02:19,360 Speaker 3: like Nike and Puma. They're they're politician. 46 00:02:19,600 --> 00:02:24,359 Speaker 2: The Roger Clubhouse one hundred and forty dollars lifestyle all 47 00:02:24,480 --> 00:02:28,560 Speaker 2: day Tennis inspired best be wearing shoe nice. I mean 48 00:02:28,600 --> 00:02:28,840 Speaker 2: I could. 49 00:02:29,040 --> 00:02:31,680 Speaker 1: So this is like more. It's not just performances style, 50 00:02:31,800 --> 00:02:32,240 Speaker 1: it's both. 51 00:02:32,720 --> 00:02:35,519 Speaker 3: Yeah, they're expanding, so that's how they're they're getting more. 52 00:02:35,600 --> 00:02:38,760 Speaker 2: Uh no, excuse me, I just stay corrected quickly. The 53 00:02:38,840 --> 00:02:43,079 Speaker 2: Roger Clubhouse pro says Paul Sweet one hundred and seventy 54 00:02:43,160 --> 00:02:46,800 Speaker 2: dollars multi purpose looks cooler. Okay, next week do you go? 55 00:02:46,960 --> 00:02:50,800 Speaker 3: Yeah? Okay, finally, Sweet Green ticker SG nine percent. 56 00:02:51,400 --> 00:02:51,680 Speaker 2: Okay. 57 00:02:51,720 --> 00:02:54,640 Speaker 3: Remember when we were doing stock, remember though we were 58 00:02:54,639 --> 00:02:56,600 Speaker 3: talking about their shares took a hit, right, They said 59 00:02:56,639 --> 00:02:59,160 Speaker 3: consumers were pulling back. They didn't want to spend as 60 00:02:59,200 --> 00:03:02,640 Speaker 3: much on their pricey salads. They're moving to affordable options. 61 00:03:03,000 --> 00:03:05,679 Speaker 3: But city analysts say that things are going to turn 62 00:03:05,680 --> 00:03:08,680 Speaker 3: around when the government shutdown ends. So they say when 63 00:03:08,720 --> 00:03:12,440 Speaker 3: that ends, people are gonna spend more on the pricey salads. 64 00:03:12,520 --> 00:03:14,880 Speaker 2: What's a salad cost at sweeking. 65 00:03:14,600 --> 00:03:19,280 Speaker 3: The almost twenty dollars, like seventy you put on it, Yeah, 66 00:03:19,320 --> 00:03:21,640 Speaker 3: you can keep adding to it and that adds the price, 67 00:03:21,680 --> 00:03:22,799 Speaker 3: and that kind of thing. 68 00:03:24,080 --> 00:03:28,120 Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with 69 00:03:28,200 --> 00:03:30,760 Speaker 1: us throughout the day for the latest roundup of companies 70 00:03:30,840 --> 00:03:33,919 Speaker 1: making news on Wall Street and for the latest market 71 00:03:33,960 --> 00:03:38,400 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 72 00:03:38,520 --> 00:03:42,040 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 73 00:03:42,080 --> 00:03:43,600 Speaker 1: the Bloomberg Business app.