1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:17,360 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:17,400 --> 00:00:20,040 Speaker 1: at some stocks on the move today. I'm Tom Keen 5 00:00:20,160 --> 00:00:22,800 Speaker 1: with Paul Sweeny and Bloomberg's Lisa Mantail. 6 00:00:23,200 --> 00:00:25,080 Speaker 2: You got it, okay, So let's start with n Video 7 00:00:25,160 --> 00:00:29,320 Speaker 2: Right Sticker NVDA up as much as five percent strong 8 00:00:29,360 --> 00:00:32,120 Speaker 2: revenue forecast. Right expects sales about sixty five billion in 9 00:00:32,159 --> 00:00:35,920 Speaker 2: the Janniyar quarter, roughly three billion more than analysts expected. 10 00:00:36,200 --> 00:00:39,720 Speaker 2: Third quarter results also topped estimates revenue rows sixty two 11 00:00:40,200 --> 00:00:42,960 Speaker 2: fifty seven billion in the period. So basically, in a nutshell, 12 00:00:43,000 --> 00:00:45,519 Speaker 2: at ease those concerns about AI that the AI industry 13 00:00:45,560 --> 00:00:49,159 Speaker 2: is in this bubble. Some positive commentary from its CEO. 14 00:00:49,280 --> 00:00:52,600 Speaker 2: He said there's plenty of blackwelled chips to meet demand. 15 00:00:53,000 --> 00:00:55,720 Speaker 2: But he also talked about deals like there's been recent 16 00:00:55,760 --> 00:00:59,000 Speaker 2: deals with open Ai with Anthropic, and he really kind 17 00:00:59,040 --> 00:01:01,720 Speaker 2: of pumped them up. In Videa's investment in open Ai, 18 00:01:02,400 --> 00:01:04,440 Speaker 2: which is still not finalized, by the way, it will 19 00:01:04,440 --> 00:01:07,479 Speaker 2: provide a good return and that backing anthropic. He said 20 00:01:07,480 --> 00:01:09,839 Speaker 2: it's going to help established ties that the company hasn't 21 00:01:09,880 --> 00:01:12,880 Speaker 2: seen a big user in Invidia's technology. So he kind 22 00:01:12,880 --> 00:01:14,399 Speaker 2: of had a lot of these things to say, and 23 00:01:14,600 --> 00:01:17,080 Speaker 2: investors just liked it, and they ate it, They really 24 00:01:17,200 --> 00:01:19,280 Speaker 2: ate it up. But look at the markets reaction to 25 00:01:19,400 --> 00:01:22,920 Speaker 2: it too, So not too bad. Walmart, Okay, so let's 26 00:01:22,920 --> 00:01:26,319 Speaker 2: go to WMT. Their shares have been fluctuating. Now they're 27 00:01:26,520 --> 00:01:29,560 Speaker 2: up as much as four percent. We've heard concerns from 28 00:01:29,560 --> 00:01:33,120 Speaker 2: other retailers, right, consumers are pulling back, but Walmart increase 29 00:01:33,160 --> 00:01:35,800 Speaker 2: its outlook for sales for the full year. The company 30 00:01:35,840 --> 00:01:37,880 Speaker 2: is seeing higher costs, but they say they're feeling good 31 00:01:37,880 --> 00:01:41,319 Speaker 2: about the business overall. But it's e commerce that was 32 00:01:41,440 --> 00:01:46,440 Speaker 2: really this bright spot. It's broadening delivery areas, lowering shipping costs, right, 33 00:01:46,520 --> 00:01:50,360 Speaker 2: got to compete with Amazon. Yeah, so it's helping. What 34 00:01:50,400 --> 00:01:54,080 Speaker 2: it's also doing, it's pulling in more affluent shoppers online 35 00:01:54,160 --> 00:01:56,960 Speaker 2: because that's where they're starting to come into. So they're 36 00:01:57,000 --> 00:02:00,480 Speaker 2: opening up the doors there more. They're using AI across 37 00:02:00,520 --> 00:02:04,600 Speaker 2: their operations, and that goes to the news today that 38 00:02:04,640 --> 00:02:06,920 Speaker 2: it's transferring the listing of its stock to the Nasdaq 39 00:02:06,960 --> 00:02:10,560 Speaker 2: stock market effective December ninth, because they really like reflecting 40 00:02:10,560 --> 00:02:13,000 Speaker 2: their focus on tech more. 41 00:02:12,840 --> 00:02:15,960 Speaker 1: So, so keep the symbol the old days they had 42 00:02:16,000 --> 00:02:18,359 Speaker 1: to go to four letters. Yeah, yeah, they're going to 43 00:02:18,480 --> 00:02:19,320 Speaker 1: keep w MT. 44 00:02:19,919 --> 00:02:21,840 Speaker 2: You think they're breaking out the champagne over at the 45 00:02:21,880 --> 00:02:26,040 Speaker 2: nansticky time, huge, huge, folks. You know this is like 46 00:02:26,080 --> 00:02:30,280 Speaker 2: wicked inside in Manhattan Baseball. That's a huge thing. It is. 47 00:02:30,560 --> 00:02:33,600 Speaker 2: It's a huge loss for the n y S. Yeah, 48 00:02:33,639 --> 00:02:37,200 Speaker 2: but you know that's just it's just economics and we're 49 00:02:37,240 --> 00:02:38,040 Speaker 2: going to get a better deal. 50 00:02:39,520 --> 00:02:39,760 Speaker 1: Okay. 51 00:02:40,000 --> 00:02:42,560 Speaker 2: It's sort of like scooball of Detroit going to the 52 00:02:42,560 --> 00:02:43,120 Speaker 2: Red Sox. 53 00:02:43,320 --> 00:02:46,280 Speaker 1: That could that could happen, That could have happened stock. 54 00:02:47,240 --> 00:02:50,560 Speaker 2: Okay, Beth and Bodyworks BBW. I I like to call 55 00:02:50,600 --> 00:02:52,920 Speaker 2: this the place of gazillion smells. Like you walk in 56 00:02:52,960 --> 00:02:55,799 Speaker 2: there and it's candles, it's body spray, it's body scrub, 57 00:02:55,800 --> 00:02:59,920 Speaker 2: it's all that all different sense. Yes, here's I'm glad 58 00:02:59,919 --> 00:03:01,800 Speaker 2: you mention that because listen. Okay, so their shares are 59 00:03:01,800 --> 00:03:04,160 Speaker 2: down as much as fifteen percent cut, it's full your out. 60 00:03:04,160 --> 00:03:04,359 Speaker 1: Look. 61 00:03:04,400 --> 00:03:08,240 Speaker 2: They're doing this turnaround plan like it's called consumer first formula. 62 00:03:08,360 --> 00:03:10,000 Speaker 2: They project are going to be two hundred and fifty 63 00:03:10,040 --> 00:03:12,880 Speaker 2: million in cost savings over the next two years. What 64 00:03:13,000 --> 00:03:16,160 Speaker 2: are they changing, it's the categories. They are going to 65 00:03:16,240 --> 00:03:20,600 Speaker 2: start exiting the men's grooming and haircare because they pushed 66 00:03:20,639 --> 00:03:22,800 Speaker 2: into that. Like my husband was a big part of that, 67 00:03:23,160 --> 00:03:25,080 Speaker 2: and but you look around, he's the only guy in 68 00:03:25,080 --> 00:03:31,119 Speaker 2: the store. That's a strategy, I know, interesting, but there 69 00:03:31,120 --> 00:03:31,320 Speaker 2: you go. 70 00:03:31,400 --> 00:03:36,280 Speaker 1: Bath and bodyword the stock Mover's report from Bloomberg Radio. 71 00:03:36,760 --> 00:03:38,920 Speaker 1: Check back with us throughout the day for the latest 72 00:03:39,000 --> 00:03:42,160 Speaker 1: roundup of companies making news on Wall Street and for 73 00:03:42,280 --> 00:03:46,240 Speaker 1: the latest market moving headlines. Listen to Bloomberg Radio Live, 74 00:03:46,600 --> 00:03:50,200 Speaker 1: catch us on YouTube, Bloomberg dot com, and on Applecarplay 75 00:03:50,240 --> 00:03:52,840 Speaker 1: and Android Auto with the Bloomberg Business app.