WEBVTT - Nvidia China Ban; New Fortress Soars; Workday Upgrade

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

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

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<v Speaker 2>in the stock market harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 2>I'm Tom Keen with Paul Sweeney and Bloomberg's Lisa Matteo.

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<v Speaker 2>What do you have?

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<v Speaker 3>All right? We're shutting with Nvidia, take her MVDA. Their

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<v Speaker 3>shares have been down as much as one and a

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<v Speaker 3>half percent. This is all about a Financial Times report.

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<v Speaker 3>It said China's Internet watchdog telling companies like Ali Baba,

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<v Speaker 3>like byte Dance to stop orders for Nvidia's high quality chips,

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<v Speaker 3>specifically the rtx pro six thousand d It told them

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<v Speaker 3>to stop testing it, cancel all existing orders, and Nvidio

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<v Speaker 3>introduced that chip to actually get around restrictions on the

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<v Speaker 3>shipment of evans Ai chips at China. So the Financial

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<v Speaker 3>Times is saying several companies already said they would order

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<v Speaker 3>tens of thousands of the product, but now, I mean

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<v Speaker 3>things have to stop. I mean, so when video has

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<v Speaker 3>kind of been in this center of all the negotiations

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<v Speaker 3>between Beijing and Washington, because they're just driving the technologies, especially.

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<v Speaker 1>For AI and just remember in Video has got a

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<v Speaker 1>market cap of four and a quarter trillion dollars. Stock

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<v Speaker 1>is up thirty percent year to date. Things are okay

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<v Speaker 1>with Santa Clair earning season.

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<v Speaker 3>I'm still in the camp like people are why why why,

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<v Speaker 3>and I'm like they're modeling out earnings, revenues, free cash

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<v Speaker 3>flow and all the rest.

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<v Speaker 1>Alicia Levigne was on fire yesterday.

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<v Speaker 2>She watched it.

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<v Speaker 1>She goes where in God's name is Sweeten Yanks on

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<v Speaker 1>a plane?

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<v Speaker 3>It's on a plane. Okay, I got a few quick

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<v Speaker 3>us for you. Okay. So this is first human resources

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<v Speaker 3>software company work Day. Their shares have been up as

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<v Speaker 3>much as nine percent. It's basically just positive talk about

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<v Speaker 3>the company. Elliet Investment Management said they made substantial progress

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<v Speaker 3>in recent years. Analysts positive about their outlook, and Piper

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<v Speaker 3>Sailor they upgraded the stock to neutral from underweight.

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<v Speaker 1>So that was workday.

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<v Speaker 3>Take her wday. Then I want to take you to

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<v Speaker 3>New York based come a new Fortress Energy. It's ticker NFE.

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<v Speaker 3>They're set to extend yesterday's record of a forty five

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<v Speaker 3>percent rally. Their shares before the bell had been up

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<v Speaker 3>more than thirty five percent. So the company, yes, I

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<v Speaker 3>like no final gigs. Yes, finalize a seven year deal

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<v Speaker 3>worth four billion dollars as applied liquefied natural guests to

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<v Speaker 3>Puerto Rico. And this is good news for the company

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<v Speaker 3>itself because they've been struggling to turn a profit facing

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<v Speaker 3>a dead crunch. Still, though you know it's up, it

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<v Speaker 3>still requires approval, it needs it from the financial Oversight

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<v Speaker 3>Management Board. But they just had months and months of negotiation,

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<v Speaker 3>so finally looks like, you know, things are starting to

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<v Speaker 3>come to head. Puerto Rico though it relies on energy

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<v Speaker 3>imports for its power demand, so that was an interesting

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<v Speaker 3>story there. And then yes, I want to end with

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<v Speaker 3>this one. Manchester United and you ticker yes, Ma and

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<v Speaker 3>you the Premier League's falling giant shared as a fellow

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<v Speaker 3>as much as nine percent before the bell. They should

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<v Speaker 3>basically revenues flatline. They just keep losing. I guess I'm

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<v Speaker 3>not sure record, but that was stated in there.

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<v Speaker 1>This team used to be like the Yankees, and then

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<v Speaker 1>their manager left. I don't know anything about this left

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<v Speaker 1>ten ten years ago and they haven't been the same since.

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<v Speaker 1>It was kind of a one person. I don't know

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<v Speaker 1>it's crazy. They were like the Yankees, there's lots of

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<v Speaker 1>nuances here, and we could get Irid Jersey on for

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<v Speaker 1>like a yeah, oh yeah sure, going back and forth,

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<v Speaker 1>the Glazier family, yep, and all that.

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<v Speaker 3>Yeah, they said they're trying to do this transformation plan,

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<v Speaker 3>but they won't see it until like fiscal twenty twenty six,

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<v Speaker 3>so yeah, they've got some ways to go.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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