Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data. Let's take a look
Speaker 1: at some stocks on the move today. I'm Tom Keen
Speaker 1: with Paul Sweeny and Bloomberg's Lisa Mantail.
Speaker 2: You got it, okay, So let's start with n Video
Speaker 2: Right Sticker NVDA up as much as five percent strong
Speaker 2: revenue forecast. Right expects sales about sixty five billion in
Speaker 2: the Janniyar quarter, roughly three billion more than analysts expected.
Speaker 2: Third quarter results also topped estimates revenue rows sixty two
Speaker 2: fifty seven billion in the period. So basically, in a nutshell,
Speaker 2: at ease those concerns about AI that the AI industry
Speaker 2: is in this bubble. Some positive commentary from its CEO.
Speaker 2: He said there's plenty of blackwelled chips to meet demand.
Speaker 2: But he also talked about deals like there's been recent
Speaker 2: deals with open Ai with Anthropic, and he really kind
Speaker 2: of pumped them up. In Videa's investment in open Ai,
Speaker 2: which is still not finalized, by the way, it will
Speaker 2: provide a good return and that backing anthropic. He said
Speaker 2: it's going to help established ties that the company hasn't
Speaker 2: seen a big user in Invidia's technology. So he kind
Speaker 2: of had a lot of these things to say, and
Speaker 2: investors just liked it, and they ate it, They really
Speaker 2: ate it up. But look at the markets reaction to
Speaker 2: it too, So not too bad. Walmart, Okay, so let's
Speaker 2: go to WMT. Their shares have been fluctuating. Now they're
Speaker 2: up as much as four percent. We've heard concerns from
Speaker 2: other retailers, right, consumers are pulling back, but Walmart increase
Speaker 2: its outlook for sales for the full year. The company
Speaker 2: is seeing higher costs, but they say they're feeling good
Speaker 2: about the business overall. But it's e commerce that was
Speaker 2: really this bright spot. It's broadening delivery areas, lowering shipping costs, right,
Speaker 2: got to compete with Amazon. Yeah, so it's helping. What
Speaker 2: it's also doing, it's pulling in more affluent shoppers online
Speaker 2: because that's where they're starting to come into. So they're
Speaker 2: opening up the doors there more. They're using AI across
Speaker 2: their operations, and that goes to the news today that
Speaker 2: it's transferring the listing of its stock to the Nasdaq
Speaker 2: stock market effective December ninth, because they really like reflecting
Speaker 2: their focus on tech more.
Speaker 1: So, so keep the symbol the old days they had
Speaker 1: to go to four letters. Yeah, yeah, they're going to
Speaker 1: keep w MT.
Speaker 2: You think they're breaking out the champagne over at the
Speaker 2: nansticky time, huge, huge, folks. You know this is like
Speaker 2: wicked inside in Manhattan Baseball. That's a huge thing. It is.
Speaker 2: It's a huge loss for the n y S. Yeah,
Speaker 2: but you know that's just it's just economics and we're
Speaker 2: going to get a better deal.
Speaker 1: Okay.
Speaker 2: It's sort of like scooball of Detroit going to the
Speaker 2: Red Sox.
Speaker 1: That could that could happen, That could have happened stock.
Speaker 2: Okay, Beth and Bodyworks BBW. I I like to call
Speaker 2: this the place of gazillion smells. Like you walk in
Speaker 2: there and it's candles, it's body spray, it's body scrub,
Speaker 2: it's all that all different sense. Yes, here's I'm glad
Speaker 2: you mention that because listen. Okay, so their shares are
Speaker 2: down as much as fifteen percent cut, it's full your out.
Speaker 1: Look.
Speaker 2: They're doing this turnaround plan like it's called consumer first formula.
Speaker 2: They project are going to be two hundred and fifty
Speaker 2: million in cost savings over the next two years. What
Speaker 2: are they changing, it's the categories. They are going to
Speaker 2: start exiting the men's grooming and haircare because they pushed
Speaker 2: into that. Like my husband was a big part of that,
Speaker 2: and but you look around, he's the only guy in
Speaker 2: the store. That's a strategy, I know, interesting, but there
Speaker 2: you go.
Speaker 1: Bath and bodyword the stock Mover's report from Bloomberg Radio.
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Speaker 1: roundup of companies making news on Wall Street and for
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