Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market. Harnessing the power of Bloomberg data.
Speaker 3: Let's see where some movers and shakers are out there
Speaker 3: in this marketplace. We can do that, but Bloomberg's common, Ryankey, Carmen,
Speaker 3: what are you looking at?
Speaker 4: Yeah, So the first thing I'm looking at this morning
Speaker 4: is Qualcom. So this is ticker QCOM. So shares are
Speaker 4: they're off their highs, but they're up about two point
Speaker 4: one percent right now. This is the best well at highs.
Speaker 4: It was the best in about three weeks. So this
Speaker 4: is a smartphone processor maker, and it's said it plans
Speaker 4: to buy back an additional twenty billion of shares, and
Speaker 4: it's raising its quarterly cash dividend to ninety two CENTSUS
Speaker 4: share from eighty nine cents. So this is interesting because
Speaker 4: last month the company issued a pretty like lukewarm forecast,
Speaker 4: so it said that there was there's a global shortage
Speaker 4: of memory chip names, and that would mean that some
Speaker 4: of its customers wouldn't make as many handsets, like especially
Speaker 4: in China. So definitely good to see a little bit
Speaker 4: more green on the screen here. This stock is down
Speaker 4: more than twenty percent year to date.
Speaker 2: Ouch.
Speaker 1: All right, let's stay in the chip space and talk
Speaker 1: about Nvidia because it's holding its annual conference, and this
Speaker 1: is now day two.
Speaker 4: Yeah, so this is day two. Yesterday everyone was watching
Speaker 4: Jensen Wong's keynote. So the stock is at its lows
Speaker 4: right now. It's down about more than half a percent.
Speaker 4: This is ticker NVDA. So I mean, I think I
Speaker 4: think that was interesting yesterday about the keynote. Is Jensen
Speaker 4: sort of mentioned this this new sales outlook, so one
Speaker 4: trillion in sales through twenty twenty seven, and the stock
Speaker 4: really spiked on that, and then sort of as the
Speaker 4: market digested that figure and realized it doesn't really represent
Speaker 4: sort of a major acceleration in sales growth. It's maybe
Speaker 4: kind of maybe about the same as sort of what
Speaker 4: they were seeing this year, which was five hundred billion
Speaker 4: through twenty twenty six, the stock came down from that.
Speaker 4: So as this conference goes on, obviously we'll be watching
Speaker 4: in Vidia very closely, you know.
Speaker 3: But I was reading some notes off Wall Street that said,
Speaker 3: that's that one train doll on numbers like double where
Speaker 3: the consensus was before. So to me, that's like an
Speaker 3: OMG kind of thing.
Speaker 4: Yeah, but I think the thing is it's the growth,
Speaker 4: Like is the growth accelerating? Right? So we see in
Speaker 4: video put up these amazing numbers over and over again.
Speaker 4: I think investors are just kind of in this space
Speaker 4: where you know the it's expected, it's expected to I
Speaker 4: get fooled by the round numbers.
Speaker 1: I mean, the big round numbers are certainly impressive, and
Speaker 1: you know, within Vidio that's what you're looking for because
Speaker 1: they're kind of leading the vanguard on all this.
Speaker 3: Yeap, all right, one more? What else?
Speaker 4: So yeah, Actually kind of also coming out of GtC,
Speaker 4: we're looking at shares of Uber tick Er Uber in
Speaker 4: lyft l y ft. So these are both up about
Speaker 4: four four and a half five percent today. So both
Speaker 4: ridechair firms and in Vidia announced separate autonomous vehicle partnerships.
Speaker 4: So Uber is launching a fleet of Nvidia software driven
Speaker 4: autonomous vehicles. This is by twenty twenty eight. And then
Speaker 4: on lift side, they are using in videos ai to
Speaker 4: sort of enhance its own machine learning systems across global operations.
Speaker 4: So both of them getting a little bit of a
Speaker 4: shine there from in video.
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