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 1: Let's take a look at some stocks on the move today.
Speaker 2: I'm Tom Keen with Paul Sweeney and Bloomberg's Lisa Matteo.
Speaker 2: What do you have?
Speaker 3: All right? We're shutting with Nvidia, take her MVDA. Their
Speaker 3: shares have been down as much as one and a
Speaker 3: half percent. This is all about a Financial Times report.
Speaker 3: It said China's Internet watchdog telling companies like Ali Baba,
Speaker 3: like byte Dance to stop orders for Nvidia's high quality chips,
Speaker 3: specifically the rtx pro six thousand d It told them
Speaker 3: to stop testing it, cancel all existing orders, and Nvidio
Speaker 3: introduced that chip to actually get around restrictions on the
Speaker 3: shipment of evans Ai chips at China. So the Financial
Speaker 3: Times is saying several companies already said they would order
Speaker 3: tens of thousands of the product, but now, I mean
Speaker 3: things have to stop. I mean, so when video has
Speaker 3: kind of been in this center of all the negotiations
Speaker 3: between Beijing and Washington, because they're just driving the technologies, especially.
Speaker 1: For AI and just remember in Video has got a
Speaker 1: market cap of four and a quarter trillion dollars. Stock
Speaker 1: is up thirty percent year to date. Things are okay
Speaker 1: with Santa Clair earning season.
Speaker 3: I'm still in the camp like people are why why why,
Speaker 3: and I'm like they're modeling out earnings, revenues, free cash
Speaker 3: flow and all the rest.
Speaker 1: Alicia Levigne was on fire yesterday.
Speaker 2: She watched it.
Speaker 1: She goes where in God's name is Sweeten Yanks on
Speaker 1: a plane?
Speaker 3: It's on a plane. Okay, I got a few quick
Speaker 3: us for you. Okay. So this is first human resources
Speaker 3: software company work Day. Their shares have been up as
Speaker 3: much as nine percent. It's basically just positive talk about
Speaker 3: the company. Elliet Investment Management said they made substantial progress
Speaker 3: in recent years. Analysts positive about their outlook, and Piper
Speaker 3: Sailor they upgraded the stock to neutral from underweight.
Speaker 1: So that was workday.
Speaker 3: Take her wday. Then I want to take you to
Speaker 3: New York based come a new Fortress Energy. It's ticker NFE.
Speaker 3: They're set to extend yesterday's record of a forty five
Speaker 3: percent rally. Their shares before the bell had been up
Speaker 3: more than thirty five percent. So the company, yes, I
Speaker 3: like no final gigs. Yes, finalize a seven year deal
Speaker 3: worth four billion dollars as applied liquefied natural guests to
Speaker 3: Puerto Rico. And this is good news for the company
Speaker 3: itself because they've been struggling to turn a profit facing
Speaker 3: a dead crunch. Still, though you know it's up, it
Speaker 3: still requires approval, it needs it from the financial Oversight
Speaker 3: Management Board. But they just had months and months of negotiation,
Speaker 3: so finally looks like, you know, things are starting to
Speaker 3: come to head. Puerto Rico though it relies on energy
Speaker 3: imports for its power demand, so that was an interesting
Speaker 3: story there. And then yes, I want to end with
Speaker 3: this one. Manchester United and you ticker yes, Ma and
Speaker 3: you the Premier League's falling giant shared as a fellow
Speaker 3: as much as nine percent before the bell. They should
Speaker 3: basically revenues flatline. They just keep losing. I guess I'm
Speaker 3: not sure record, but that was stated in there.
Speaker 1: This team used to be like the Yankees, and then
Speaker 1: their manager left. I don't know anything about this left
Speaker 1: ten ten years ago and they haven't been the same since.
Speaker 1: It was kind of a one person. I don't know
Speaker 1: it's crazy. They were like the Yankees, there's lots of
Speaker 1: nuances here, and we could get Irid Jersey on for
Speaker 1: like a yeah, oh yeah sure, going back and forth,
Speaker 1: the Glazier family, yep, and all that.
Speaker 3: Yeah, they said they're trying to do this transformation plan,
Speaker 3: but they won't see it until like fiscal twenty twenty six,
Speaker 3: so yeah, they've got some ways to go.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
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