Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Carol Masser along with Tim Stenwick. Let's get to
Speaker 3: some stocks on the move on this Wednesday. Bloomberg News
Speaker 3: Equities reporter Carmen Reinikey is in the house, and you've
Speaker 3: got to talk about Nvidia first and foremost.
Speaker 4: Right, we're seeing a really big reaction to these earnings,
Speaker 4: and obviously, you know, these are the numbers that the
Speaker 4: entire street was waiting for, and at least in the
Speaker 4: short term, this is a really positive reaction. It seems
Speaker 4: like a vote of confidence. It could really reinvigorate some
Speaker 4: of the AI trade that we've seen, you know, the
Speaker 4: group becomes so much more skeptical about in the last
Speaker 4: few weeks.
Speaker 1: We're speaking about this after the market has closed, when
Speaker 1: video shares are moving higher in the after hours. Carol
Speaker 1: mentioning earlier on our program today that the effect that
Speaker 1: it's having on the greater trade too, seeing the socks hire,
Speaker 1: seeing competitors to in video hire, seeing some of those
Speaker 1: neo cloud companies higher as well, so when in video moves,
Speaker 1: a lot of other companies move to Yeah.
Speaker 4: Really everything moves. I mean even QQQ is up almost
Speaker 4: one percent after hours. You know the weight of this
Speaker 4: stock is just so significant.
Speaker 1: Well, sticking with technology, Palo Alto Networks PA NW in
Speaker 1: the after hours, that's the ticker.
Speaker 4: Yeah, so we're seeing this one not have such a
Speaker 4: good reaction. Shares are down about three percent. It looks
Speaker 4: like earnings over all sort of beat expectations, but it
Speaker 4: seems like what investors are probably reacting to here is
Speaker 4: the company saying that it would buy Chronosphere. This is
Speaker 4: a next generation observability platform for three point three five billion,
Speaker 4: and so this is supposed to boost its AI enabled
Speaker 4: cybersecurity offerings. And this is It's pretty typical to see
Speaker 4: stocks fall after they announce acquisitions. So I think that
Speaker 4: that's what's happening right right now with Palo Alto.
Speaker 5: Yeah, exactly right.
Speaker 3: The acquirer you tend to see under some pressure, as
Speaker 3: you mentioned PA and W Palo Alto Networks down in
Speaker 3: the aftermarket. Let's go to some stocks that you had
Speaker 3: your ion during the regular session, and that includes Block.
Speaker 4: Yeah, so Xyz we were watching today. It popped after
Speaker 4: the company said that it expects profit growth to accelerate
Speaker 4: over the next three years. So it had an analyst
Speaker 4: day today. This was the actually the top performing stock
Speaker 4: on the S and P five hundred basically for twenty
Speaker 4: twenty six. It's forecasting seventeen percent gross profit growth year
Speaker 4: over a year, and this is it just marks an
Speaker 4: acceleration for this this kind of growth growth gross profit growth.
Speaker 3: So don't say that five times fast.
Speaker 4: I know, it's a really difficult one to get out.
Speaker 1: I'm not even going to say it once.
Speaker 3: I no, exactly, and you got to mention alphabet. This
Speaker 3: was certainly on my watch list. This one definitely an
Speaker 3: app performer in today's session, and I believe this was
Speaker 3: among your top gainers in the major indices.
Speaker 4: Yeah, so, go ogg No, googol. Been a long day.
Speaker 5: It's been a long day. No, you're in good company.
Speaker 5: We feel you so quickly. Yeah, it's a three percent.
Speaker 5: This is yet another record high closed. So this stock
Speaker 5: has just really been on a tear and a lot
Speaker 5: of things have been going well for Google lately. So
Speaker 5: it seems like the most recent is because of its
Speaker 5: Gemini AI model. It's just getting brave review reception.
Speaker 2: Right the Stock Movers Report from Bloomberg Radio. Check back
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