1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, Podcasts, radio news, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:16,520 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,760 --> 00:00:20,720 Speaker 2: Joining us now for the Stock Movers this podcast, Lisa Mattoo, 5 00:00:20,840 --> 00:00:24,200 Speaker 2: all right, I have to start with Massachusetts based I Robot. 6 00:00:24,360 --> 00:00:27,520 Speaker 2: Good morning, Bosson. It's the maker of the robot vacuum, 7 00:00:27,520 --> 00:00:30,240 Speaker 2: the roomba. Yeah, so it shares really taking a head 8 00:00:30,240 --> 00:00:33,000 Speaker 2: down more than eighty percent. It filed for bankruptcy proposehanding 9 00:00:33,000 --> 00:00:36,280 Speaker 2: over control to its main Chinese supplier. They expect to 10 00:00:36,320 --> 00:00:39,519 Speaker 2: complete chapter eleven by February. But you take a look 11 00:00:39,520 --> 00:00:42,600 Speaker 2: at the company, right, it's founded in nineteen ninety engineers 12 00:00:42,600 --> 00:00:45,920 Speaker 2: from MIT. The Rooma came out in two thousand and two, 13 00:00:46,400 --> 00:00:48,680 Speaker 2: so it's been a while. But what happened is at 14 00:00:48,800 --> 00:00:51,120 Speaker 2: earnings at the firm that they sold more than forty 15 00:00:51,159 --> 00:00:54,720 Speaker 2: million of these things million. Yeah, more than forty million. 16 00:00:55,040 --> 00:00:57,720 Speaker 2: But the earnings declined because right after COVID you had 17 00:00:57,720 --> 00:01:00,960 Speaker 2: supply chain issues and then you had the cheaper alternatives 18 00:01:01,040 --> 00:01:05,560 Speaker 2: coming out. I know people were texting me nine cents 19 00:01:05,640 --> 00:01:08,520 Speaker 2: on sale. Oh yeah, I had no idea. They were 20 00:01:08,720 --> 00:01:11,080 Speaker 2: very expensive. And so you had the cheaper competitors that 21 00:01:11,120 --> 00:01:13,320 Speaker 2: came in, and so that kind of took away from them. 22 00:01:14,000 --> 00:01:16,800 Speaker 2: And there was hope from Amazon, if you remember, Amazon 23 00:01:16,880 --> 00:01:19,440 Speaker 2: was hoping to buy it from them, but the kind 24 00:01:19,440 --> 00:01:21,480 Speaker 2: of the deal fell apart. There was a clash with 25 00:01:21,520 --> 00:01:25,760 Speaker 2: EU competition authorities. They did receive more than ninety million 26 00:01:25,760 --> 00:01:28,440 Speaker 2: a compensation from that failed deal, but they had to give, 27 00:01:28,520 --> 00:01:30,479 Speaker 2: you know, a big part of that to advisory fees, 28 00:01:30,600 --> 00:01:33,839 Speaker 2: also to pay a portion of a loan from Carlisle Group. 29 00:01:33,920 --> 00:01:36,360 Speaker 2: So it didn't really help out much because I did 30 00:01:36,440 --> 00:01:39,480 Speaker 2: AI on this because I'm up to speed. Yes, many 31 00:01:39,560 --> 00:01:43,560 Speaker 2: dogs chase bark and try to attack or get scared 32 00:01:43,600 --> 00:01:46,440 Speaker 2: of rumbas. Enough set, yes, are you could trip over? 33 00:01:46,560 --> 00:01:50,800 Speaker 2: I'm not stressing vet Bill next next one. Okay, this 34 00:01:50,840 --> 00:01:52,720 Speaker 2: is kind of a quick mention on meg seven stocks. 35 00:01:52,720 --> 00:01:56,600 Speaker 2: Their rebounding. So if you look at NVIDIAVT MVDA, their 36 00:01:56,640 --> 00:01:59,000 Speaker 2: shares up more than one percent. Even you look at Tesla, 37 00:01:59,040 --> 00:02:00,960 Speaker 2: their shares have been up more than one percent before 38 00:02:01,000 --> 00:02:03,200 Speaker 2: the open, and Video has just had a bad couple 39 00:02:03,280 --> 00:02:05,480 Speaker 2: of weeks. The stock's fallen more than six percent over 40 00:02:05,520 --> 00:02:09,680 Speaker 2: the past month. Concerns about competition from Google's tensor processing 41 00:02:09,800 --> 00:02:13,720 Speaker 2: units those TPUs among other chip makers on the riso, 42 00:02:13,800 --> 00:02:16,480 Speaker 2: you also have advanced micro devices and Broadcom actually on 43 00:02:16,520 --> 00:02:19,280 Speaker 2: the rise because Broadcom fell eleven percent on Friday from 44 00:02:19,280 --> 00:02:23,560 Speaker 2: their bad earnings report, so they're on the rebound. Another 45 00:02:24,240 --> 00:02:26,680 Speaker 2: company I want to go to is Intel I INTC. 46 00:02:26,960 --> 00:02:30,040 Speaker 2: Their shares are up more than one percent. This is 47 00:02:30,120 --> 00:02:32,560 Speaker 2: from a report from Bloomberg on Friday that it's an 48 00:02:32,560 --> 00:02:35,400 Speaker 2: advanced talk so acquire AI startup Zamba Nova Systems for 49 00:02:35,440 --> 00:02:38,919 Speaker 2: about one point six billion including debt, but it's still 50 00:02:39,080 --> 00:02:41,079 Speaker 2: keeping those shares higher. I mean a deal would really 51 00:02:41,080 --> 00:02:44,799 Speaker 2: help Intel build out their AI product offering at a discount. 52 00:02:45,480 --> 00:02:47,639 Speaker 2: Sources saying that deal could come together as soon as 53 00:02:47,720 --> 00:02:51,480 Speaker 2: next month. We'll see, but the terms could change. Intel Issambanova. 54 00:02:51,520 --> 00:02:53,639 Speaker 2: They have not commented on this, so I just want 55 00:02:53,639 --> 00:02:56,520 Speaker 2: to put that out there. But this company they designed 56 00:02:56,560 --> 00:03:00,440 Speaker 2: AI chips, they're looking to rival in Nvidia. They're based 57 00:03:00,480 --> 00:03:04,720 Speaker 2: in California, and there is a connection between Intel and 58 00:03:04,840 --> 00:03:09,280 Speaker 2: Sandbonova because Intel CEO Lip Bhutan is actually chairman of 59 00:03:09,360 --> 00:03:11,840 Speaker 2: sandbon Nova, So that's kind of the connection between the 60 00:03:11,880 --> 00:03:15,800 Speaker 2: two companies. There and Quo Quick on the weed front. Yes, 61 00:03:16,960 --> 00:03:20,079 Speaker 2: guys of these quick mention on the weed front in Canada, 62 00:03:20,760 --> 00:03:24,080 Speaker 2: canopy growth up more than fifty percent in their ticker 63 00:03:24,240 --> 00:03:28,200 Speaker 2: weed w Eed. There you go. It's going to acquire 64 00:03:28,400 --> 00:03:31,880 Speaker 2: MTL Cannabis valued about one hundred and twenty five million 65 00:03:31,919 --> 00:03:36,000 Speaker 2: Canadian dollars. MCL Cannabis up twelve percent too, So they're 66 00:03:36,040 --> 00:03:38,000 Speaker 2: seeing a left And if you look at like, well, 67 00:03:38,080 --> 00:03:39,960 Speaker 2: last week we were talking about till Ray brands, how 68 00:03:40,000 --> 00:03:42,720 Speaker 2: their those shares were kind of storing. They're still actually 69 00:03:42,960 --> 00:03:44,840 Speaker 2: up near about four percent. You know, that was the 70 00:03:44,880 --> 00:03:47,040 Speaker 2: news from last week that President Trump is like wants 71 00:03:47,040 --> 00:03:52,000 Speaker 2: to reconsider in order to downgrade it to a Schedule 72 00:03:52,080 --> 00:03:56,040 Speaker 2: three drug. But there it's still it's still affecting the 73 00:03:56,040 --> 00:03:57,840 Speaker 2: shares till Raise up about four percent. 74 00:03:58,960 --> 00:04:03,200 Speaker 1: The stock movers from Bloomberg Radio. Check back with us 75 00:04:03,240 --> 00:04:06,040 Speaker 1: throughout the day for the latest roundup of companies making 76 00:04:06,120 --> 00:04:09,720 Speaker 1: news on Wall Street and for the latest market moving headlines. 77 00:04:09,920 --> 00:04:13,960 Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 78 00:04:14,000 --> 00:04:17,080 Speaker 1: dot com, and on Applecarplay and Android Auto with the 79 00:04:17,080 --> 00:04:18,479 Speaker 1: Bloomberg Business app.