WEBVTT - Nvidia Eases AI Bubble Concerns; Walmart Rallies Post-Earnings; Bath & Body Works Plummets 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data. Let's take a look

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<v Speaker 1>at some stocks on the move today. I'm Tom Keen

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<v Speaker 1>with Paul Sweeny and Bloomberg's Lisa Mantail.

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<v Speaker 2>You got it, okay, So let's start with n Video

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<v Speaker 2>Right Sticker NVDA up as much as five percent strong

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<v Speaker 2>revenue forecast. Right expects sales about sixty five billion in

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<v Speaker 2>the Janniyar quarter, roughly three billion more than analysts expected.

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<v Speaker 2>Third quarter results also topped estimates revenue rows sixty two

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<v Speaker 2>fifty seven billion in the period. So basically, in a nutshell,

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<v Speaker 2>at ease those concerns about AI that the AI industry

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<v Speaker 2>is in this bubble. Some positive commentary from its CEO.

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<v Speaker 2>He said there's plenty of blackwelled chips to meet demand.

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<v Speaker 2>But he also talked about deals like there's been recent

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<v Speaker 2>deals with open Ai with Anthropic, and he really kind

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<v Speaker 2>of pumped them up. In Videa's investment in open Ai,

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<v Speaker 2>which is still not finalized, by the way, it will

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<v Speaker 2>provide a good return and that backing anthropic. He said

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<v Speaker 2>it's going to help established ties that the company hasn't

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<v Speaker 2>seen a big user in Invidia's technology. So he kind

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<v Speaker 2>of had a lot of these things to say, and

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<v Speaker 2>investors just liked it, and they ate it, They really

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<v Speaker 2>ate it up. But look at the markets reaction to

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<v Speaker 2>it too, So not too bad. Walmart, Okay, so let's

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<v Speaker 2>go to WMT. Their shares have been fluctuating. Now they're

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<v Speaker 2>up as much as four percent. We've heard concerns from

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<v Speaker 2>other retailers, right, consumers are pulling back, but Walmart increase

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<v Speaker 2>its outlook for sales for the full year. The company

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<v Speaker 2>is seeing higher costs, but they say they're feeling good

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<v Speaker 2>about the business overall. But it's e commerce that was

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<v Speaker 2>really this bright spot. It's broadening delivery areas, lowering shipping costs, right,

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<v Speaker 2>got to compete with Amazon. Yeah, so it's helping. What

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<v Speaker 2>it's also doing, it's pulling in more affluent shoppers online

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<v Speaker 2>because that's where they're starting to come into. So they're

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<v Speaker 2>opening up the doors there more. They're using AI across

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<v Speaker 2>their operations, and that goes to the news today that

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<v Speaker 2>it's transferring the listing of its stock to the Nasdaq

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<v Speaker 2>stock market effective December ninth, because they really like reflecting

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<v Speaker 2>their focus on tech more.

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<v Speaker 1>So, so keep the symbol the old days they had

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<v Speaker 1>to go to four letters. Yeah, yeah, they're going to

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<v Speaker 1>keep w MT.

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<v Speaker 2>You think they're breaking out the champagne over at the

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<v Speaker 2>nansticky time, huge, huge, folks. You know this is like

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<v Speaker 2>wicked inside in Manhattan Baseball. That's a huge thing. It is.

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<v Speaker 2>It's a huge loss for the n y S. Yeah,

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<v Speaker 2>but you know that's just it's just economics and we're

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<v Speaker 2>going to get a better deal.

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<v Speaker 1>Okay.

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<v Speaker 2>It's sort of like scooball of Detroit going to the

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<v Speaker 2>Red Sox.

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<v Speaker 1>That could that could happen, That could have happened stock.

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<v Speaker 2>Okay, Beth and Bodyworks BBW. I I like to call

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<v Speaker 2>this the place of gazillion smells. Like you walk in

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<v Speaker 2>there and it's candles, it's body spray, it's body scrub,

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<v Speaker 2>it's all that all different sense. Yes, here's I'm glad

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<v Speaker 2>you mention that because listen. Okay, so their shares are

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<v Speaker 2>down as much as fifteen percent cut, it's full your out.

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<v Speaker 1>Look.

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<v Speaker 2>They're doing this turnaround plan like it's called consumer first formula.

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<v Speaker 2>They project are going to be two hundred and fifty

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<v Speaker 2>million in cost savings over the next two years. What

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<v Speaker 2>are they changing, it's the categories. They are going to

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<v Speaker 2>start exiting the men's grooming and haircare because they pushed

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<v Speaker 2>into that. Like my husband was a big part of that,

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<v Speaker 2>and but you look around, he's the only guy in

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<v Speaker 2>the store. That's a strategy, I know, interesting, but there

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<v Speaker 2>you go.

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<v Speaker 1>Bath and bodyword the stock Mover's report from Bloomberg Radio.

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<v Speaker 1>Check back with us throughout the day for the latest

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<v Speaker 1>roundup of companies making news on Wall Street and for

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