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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: The Stock Mover's Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Carol Masser along with Tim Stenovik. Let's get to

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Speaker 3: some stocks on the move on this Monday, and lucky

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Speaker 3: for us, we were joined by Bloomberg crossuser reporter Isabelle Lee,

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Speaker 3: who's starting with Beyond Meat.

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Speaker 4: We're starting with Beyond Meat because the stock is down

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Speaker 4: seventeen percent. So this isn't a simple stock mover because

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Speaker 4: I'm going to give you a little bit of context.

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Speaker 4: Four years ago, Beyond Meat raised more than a billion

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Speaker 4: dollars by selling a zero coupon convertable bond DO twenty

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Speaker 4: twenty seven. So big hedge funds like Wolverine, d E Shaw,

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Speaker 4: Context Capital were among the buyers. But as the meat

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Speaker 4: free boom cooled, so it did Beyond fortunes. So with

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Speaker 4: that that's coming due to company struck a deal with bondholders.

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Speaker 4: They swapped their old notes for new ones, paying seven

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Speaker 4: percent interests and extra shares. Then came the memes stock mania,

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Speaker 4: which brings us to today. So Beyond Stock don more

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Speaker 4: than one percent in the days this had a bond

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Speaker 4: holders a huge paper profit. So the new bonds, which

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Speaker 4: is now do twenty thirty trades that around one hundred

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Speaker 4: cents on the dollar, and one investor calls it a

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Speaker 4: win win. So I just thought it was interesting because

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Speaker 4: beyond the stock move story, you see like this convertible

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Speaker 4: bond story, which we don't really get to hear a

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Speaker 4: lot about. But yeah, the craze is still there. But

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Speaker 4: the stock saw pull back today rightly, so probably if

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Speaker 4: you have technical analysts, but it's down seventeen percent. Ticker

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Speaker 4: is b Y n D. Before anyone gets mad at me,

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Speaker 4: b Y and D.

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Speaker 1: Nobody's ever again except for somebody in the control room.

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Speaker 4: Yeah, somebody. We like him. We like him.

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Speaker 3: That is interesting. Now, like what's going on? Yeah, fascinating Qualcom.

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Speaker 4: Qualcom ticker q com. So this is good news. Shares

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Speaker 4: not eleven percent. That's the biggest one day gain since April,

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Speaker 4: the highest level in fifteen months. So basically, they unveiled

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Speaker 4: a new line up of AI data center chips and computers,

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Speaker 4: taking aims squarely at Nvidia. So the new lineup will

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Speaker 4: start chipping next year. Their first customer will be a

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Speaker 4: Saudi Arabian startup. So I think there's more story there,

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Speaker 4: but we may not have time for now. So Qualcomm

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Speaker 4: is best known for a smartphone processors, So it's betting

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Speaker 4: that really power efficient designs and new memory technology can

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Speaker 4: win business in AI accelerators, and that exact space is

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Speaker 4: what made in Vidia basically the most valuable stock honors.

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Speaker 3: I wonder if they when they make that contract, are

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Speaker 3: they committed they planned to do it? Could they back out?

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Speaker 1: That's a good point, Like you know, I'm just looking

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Speaker 1: at the Bloomberg terminal. This was the biggest day for

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Speaker 1: Qualcom going back to April ninth of twenty twenty five.

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Speaker 1: That's when when it was up fifteen percent, but at

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Speaker 1: one point in the day when it was surging. It

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Speaker 1: was the biggest day going back to twenty nineteen.

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Speaker 4: Yeah, really impressive.

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Speaker 3: Uh, Curic talk about oppressive.

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Speaker 4: I know, I'm so thankful you said that, because I

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Speaker 4: don't know how to pronounce it. Care Everyone pronounced it differently,

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Speaker 4: I guess depending on where they're from. KADP. I'm just

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Speaker 4: gonna say KDP. Cur Pepper, who oh wait, what are

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Speaker 4: the way we cure it? I don't don't, Carol, I'll

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Speaker 4: just say coffee shares jump, you know, just ten percent.

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Speaker 4: That's the biggest interday game since March twenty twenty. So

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Speaker 4: it did pair back some of those games. So it's

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Speaker 4: closed seven point six percent in the green. So cureg

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Speaker 4: Doctor Pepper is raising seven billion dollars from private equity

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Speaker 4: giants Apollo and KKR. That's to help finance it's planned

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Speaker 4: eighteen billion dollar takeover of JD E. Pete, which I

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Speaker 4: haven't tried, by the way, I haven't white coffee. Yeah,

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Speaker 4: have you both tried?

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Speaker 1: Well, you know, you go to enough airports. There's pizza

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Speaker 1: all over.

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Speaker 4: I just try a Bloomberg coffee.

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Speaker 3: I have a little Kira cups.

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Speaker 4: Oh no, I'm going to try so person.

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Speaker 3: Me too now, but will yeah, okay, yeah.

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Speaker 4: This isn't an ad just honest advice. So the combined

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Speaker 4: company would generate around sixteen billion in animal sales and

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Speaker 4: three billion in earnings. So the new funding will trim

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Speaker 4: creriggs expected death looad to thirty one billion dollars down

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Speaker 4: from thirty eight billion originally. And a poll and KKR

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Speaker 4: will invest billion dollars sor right there is.

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Speaker 3: That an XP Semiconductor reporting in the aftermarket, tickers at

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Speaker 3: n XPI, and the stock is on the move.

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Speaker 4: Yes, it's up four percent post market. So they're a

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Speaker 4: provider of automaker chips and industrial customer chips, so they

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Speaker 4: give a stronger than expected forecast, signaling that the company

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Speaker 4: is recovering from this luggish demand. So two things here. Really,

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Speaker 4: automakers and other customers had stockpiled chips during the pandemic,

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Speaker 4: and it took way longer for that oversupply to really

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Speaker 4: not be an oversupply for the glove to be gone.

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Speaker 4: And companies have delayed spending amid geopolitical uncertainty. But we

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Speaker 4: have the CEO now saying that the glove may finally

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Speaker 4: end this year. So revenue is also higher for the

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Speaker 4: fourth quarter, suggesting that you know they're weathering the rough

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Speaker 4: stretch better than expected.

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Speaker 1: Yeah.

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Speaker 3: Interesting, what's the stock doing this year? I'm just looking

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Speaker 3: up about six seven percent here, all nice, Yeah, and

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Speaker 3: a lot of it. Well, it'll be maybe better tomorrow

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Speaker 3: because the bump saying it could happen, It could happen.

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Speaker 2: The stockmovers report from Bloomberg Radio. Check back with us

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Speaker 2: throughout the day for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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