WEBVTT - Qualcomm Gains, Nvidia Down, Uber Rises After Autonomous Vehicle Pacts with Nvidia

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market. Harnessing the power of Bloomberg data.

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<v Speaker 3>Let's see where some movers and shakers are out there

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<v Speaker 3>in this marketplace. We can do that, but Bloomberg's common, Ryankey, Carmen,

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<v Speaker 3>what are you looking at?

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<v Speaker 4>Yeah, So the first thing I'm looking at this morning

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<v Speaker 4>is Qualcom. So this is ticker QCOM. So shares are

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<v Speaker 4>they're off their highs, but they're up about two point

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<v Speaker 4>one percent right now. This is the best well at highs.

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<v Speaker 4>It was the best in about three weeks. So this

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<v Speaker 4>is a smartphone processor maker, and it's said it plans

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<v Speaker 4>to buy back an additional twenty billion of shares, and

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<v Speaker 4>it's raising its quarterly cash dividend to ninety two CENTSUS

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<v Speaker 4>share from eighty nine cents. So this is interesting because

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<v Speaker 4>last month the company issued a pretty like lukewarm forecast,

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<v Speaker 4>so it said that there was there's a global shortage

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<v Speaker 4>of memory chip names, and that would mean that some

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<v Speaker 4>of its customers wouldn't make as many handsets, like especially

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<v Speaker 4>in China. So definitely good to see a little bit

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<v Speaker 4>more green on the screen here. This stock is down

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<v Speaker 4>more than twenty percent year to date.

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<v Speaker 2>Ouch.

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<v Speaker 1>All right, let's stay in the chip space and talk

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<v Speaker 1>about Nvidia because it's holding its annual conference, and this

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<v Speaker 1>is now day two.

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<v Speaker 4>Yeah, so this is day two. Yesterday everyone was watching

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<v Speaker 4>Jensen Wong's keynote. So the stock is at its lows

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<v Speaker 4>right now. It's down about more than half a percent.

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<v Speaker 4>This is ticker NVDA. So I mean, I think I

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<v Speaker 4>think that was interesting yesterday about the keynote. Is Jensen

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<v Speaker 4>sort of mentioned this this new sales outlook, so one

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<v Speaker 4>trillion in sales through twenty twenty seven, and the stock

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<v Speaker 4>really spiked on that, and then sort of as the

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<v Speaker 4>market digested that figure and realized it doesn't really represent

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<v Speaker 4>sort of a major acceleration in sales growth. It's maybe

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<v Speaker 4>kind of maybe about the same as sort of what

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<v Speaker 4>they were seeing this year, which was five hundred billion

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<v Speaker 4>through twenty twenty six, the stock came down from that.

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<v Speaker 4>So as this conference goes on, obviously we'll be watching

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<v Speaker 4>in Vidia very closely, you know.

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<v Speaker 3>But I was reading some notes off Wall Street that said,

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<v Speaker 3>that's that one train doll on numbers like double where

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<v Speaker 3>the consensus was before. So to me, that's like an

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<v Speaker 3>OMG kind of thing.

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<v Speaker 4>Yeah, but I think the thing is it's the growth,

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<v Speaker 4>Like is the growth accelerating? Right? So we see in

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<v Speaker 4>video put up these amazing numbers over and over again.

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<v Speaker 4>I think investors are just kind of in this space

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<v Speaker 4>where you know the it's expected, it's expected to I

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<v Speaker 4>get fooled by the round numbers.

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<v Speaker 1>I mean, the big round numbers are certainly impressive, and

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<v Speaker 1>you know, within Vidio that's what you're looking for because

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<v Speaker 1>they're kind of leading the vanguard on all this.

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<v Speaker 3>Yeap, all right, one more? What else?

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<v Speaker 4>So yeah, Actually kind of also coming out of GtC,

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<v Speaker 4>we're looking at shares of Uber tick Er Uber in

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<v Speaker 4>lyft l y ft. So these are both up about

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<v Speaker 4>four four and a half five percent today. So both

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<v Speaker 4>ridechair firms and in Vidia announced separate autonomous vehicle partnerships.

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<v Speaker 4>So Uber is launching a fleet of Nvidia software driven

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<v Speaker 4>autonomous vehicles. This is by twenty twenty eight. And then

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<v Speaker 4>on lift side, they are using in videos ai to

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<v Speaker 4>sort of enhance its own machine learning systems across global operations.

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<v Speaker 4>So both of them getting a little bit of a

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<v Speaker 4>shine there from in video.

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<v Speaker 2>Partnerships, the Stockmovers Report from Bloomberg Radio. Check back with

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