WEBVTT - Replimune Soars, Dell Surges, AST Spacemobile Sinks as Deutsche Bank Cuts on Rocket Explosion

0:00:02.520 --> 0:00:08.800
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

0:00:08.720 --> 0:00:12.560
<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

0:00:12.600 --> 0:00:15.880
<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

0:00:16.480 --> 0:00:18.439
<v Speaker 3>Let's take a look at some stocks on the move today.

0:00:18.440 --> 0:00:21.480
<v Speaker 3>I'm Alexandra Semenova with Scarlett fou and we are joined

0:00:21.480 --> 0:00:25.560
<v Speaker 3>by Bloomberg's Carmen Ryannikey, Deputy team leader for US Equities. Carmen,

0:00:25.600 --> 0:00:26.720
<v Speaker 3>what is on your radar today?

0:00:26.800 --> 0:00:28.800
<v Speaker 4>Yeah, so the big one, the first one I'm going

0:00:28.880 --> 0:00:32.519
<v Speaker 4>to cover is Dell ticker d EL. Shares are up

0:00:32.560 --> 0:00:35.519
<v Speaker 4>thirty three percent right now intra day. This is on

0:00:36.200 --> 0:00:38.080
<v Speaker 4>track to close it a record high. It's at an

0:00:38.080 --> 0:00:42.800
<v Speaker 4>intra day high. So, the hardware hardware maker excuse Me,

0:00:43.280 --> 0:00:46.239
<v Speaker 4>had earnings and it gave an outlook for annual sales

0:00:46.280 --> 0:00:49.800
<v Speaker 4>that beat analyst estimates. And we're specifically fueled by demand

0:00:49.920 --> 0:00:54.560
<v Speaker 4>for its servers that power AI work. So they said

0:00:54.640 --> 0:00:58.680
<v Speaker 4>that their revenue for the fiscal year twenty twenty seven

0:00:58.760 --> 0:01:01.959
<v Speaker 4>will be about one hundreds sixty seven billion, which includes

0:01:02.320 --> 0:01:05.920
<v Speaker 4>sixty billion from the sale of AI servers, which is

0:01:06.400 --> 0:01:10.400
<v Speaker 4>much higher than analyst estimates of about one hundred and

0:01:10.480 --> 0:01:13.880
<v Speaker 4>forty two billions. So this was a really solid earning support.

0:01:14.000 --> 0:01:17.920
<v Speaker 4>Analysts have been cheering it and saying, you know this,

0:01:17.920 --> 0:01:21.319
<v Speaker 4>this company has been an AI winner and it continues

0:01:21.360 --> 0:01:21.560
<v Speaker 4>to be.

0:01:22.440 --> 0:01:25.920
<v Speaker 1>I love the comment from a analyst which basically said

0:01:25.920 --> 0:01:28.360
<v Speaker 1>that Dell is an example of the dinosaur tech firm

0:01:28.400 --> 0:01:31.640
<v Speaker 1>rediscovering a new lease on life as an AI powerhouse,

0:01:32.000 --> 0:01:35.759
<v Speaker 1>earning the ranks of Intel or Cisco or Nokio or Lenovo.

0:01:35.880 --> 0:01:38.560
<v Speaker 1>So Dell, it's like a throwback to the nineties. It

0:01:38.600 --> 0:01:39.839
<v Speaker 1>is all right, what's your next stock?

0:01:40.120 --> 0:01:40.400
<v Speaker 3>Yep?

0:01:40.440 --> 0:01:44.319
<v Speaker 4>So this is Reprimune ticker rip ols. This is a

0:01:44.360 --> 0:01:47.720
<v Speaker 4>tiny little biotech stock, but I think it's worth a mention.

0:01:47.920 --> 0:01:50.440
<v Speaker 4>So the shares are up seventy six percent right now.

0:01:50.480 --> 0:01:54.040
<v Speaker 4>This is the best intro day jump since twenty twenty five.

0:01:54.520 --> 0:01:57.960
<v Speaker 4>So the company said that US regulators would reconsider a

0:01:58.080 --> 0:02:01.320
<v Speaker 4>skin cancer treatment, and this is important because it's been

0:02:01.520 --> 0:02:08.720
<v Speaker 4>rejected from regulators to prior times. So a path forward

0:02:09.080 --> 0:02:14.160
<v Speaker 4>with the FDA is really positive for this company.

0:02:14.960 --> 0:02:16.160
<v Speaker 3>And what else are you watching?

0:02:16.240 --> 0:02:16.520
<v Speaker 1>Krtman?

0:02:16.680 --> 0:02:18.720
<v Speaker 4>Yes, so one on the flip side, let's look at

0:02:18.720 --> 0:02:23.040
<v Speaker 4>shares of ASTs space Mobile so or sorry, AST space

0:02:23.080 --> 0:02:26.400
<v Speaker 4>Mobile ticker is ASTs. The stock is down twenty percent

0:02:26.800 --> 0:02:29.800
<v Speaker 4>right now about twenty percent. This is the worst intra

0:02:29.880 --> 0:02:33.120
<v Speaker 4>day performance since twenty twenty four. This is off of

0:02:33.160 --> 0:02:41.000
<v Speaker 4>Blue Origins a New Glen rocket explosion. So ASTs previously

0:02:41.200 --> 0:02:45.119
<v Speaker 4>used Blue Origins New Gun to launch one of their satellites,

0:02:45.120 --> 0:02:47.200
<v Speaker 4>and there was actually an issue with that launch as well,

0:02:47.280 --> 0:02:50.440
<v Speaker 4>so the rocket failed to put the satellite in orbit.

0:02:51.320 --> 0:02:55.320
<v Speaker 4>Analysts are saying that the problem now with New gleun

0:02:55.720 --> 0:03:00.720
<v Speaker 4>will delay full deployment of AST satellite network and sort

0:03:00.760 --> 0:03:03.880
<v Speaker 4>of push back some of the timelines for a commercial

0:03:04.320 --> 0:03:07.320
<v Speaker 4>launch for AST. So I'm going to see further delays

0:03:07.360 --> 0:03:10.160
<v Speaker 4>there as they figure out what happened to that.

0:03:11.639 --> 0:03:15.840
<v Speaker 2>The Stockmovers report from Bloomberg Radio. Check back with us

0:03:15.880 --> 0:03:18.640
<v Speaker 2>throughout the day for the latest roundup of companies making

0:03:18.760 --> 0:03:22.360
<v Speaker 2>news on Wall Street and for the latest market moving headlines.

0:03:22.600 --> 0:03:26.560
<v Speaker 2>Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg

0:03:26.639 --> 0:03:29.679
<v Speaker 2>dot com, and on Applecarplay and Android Auto with the

0:03:29.760 --> 0:03:31.080
<v Speaker 2>Bloomberg Business app.