Speaker 1: Bloomberg Audio Studios, podcasts, radio news, the Stock Movers podcast.
Speaker 1: This is your roundup of companies making news on Wall
Speaker 1: Street and beyond, harnessing the power of Bloomberg Data.
Speaker 2: So it Psycho, look right now at some stocks on
Speaker 2: the move today. We're joined by Bloomberg's Lisa Manteo. Lisa,
Speaker 2: what are you looking at that? All? Right?
Speaker 3: So we've been talking a lot about big investments in tech, right,
Speaker 3: So in Vidia in the spotlight for that big time.
Speaker 3: It shares kind of been all over the map. It's
Speaker 3: been up, then down, down as much as one percent.
Speaker 3: So here's the gist of its CEO Jensen Wong. He
Speaker 3: told the Financial Times that the company is going to
Speaker 3: spend quote several hundred billion dollars. They're going to produce
Speaker 3: these US made chips electronics over the next four years.
Speaker 3: So here's the thing. The latest chips and Nvidia powered
Speaker 3: service for data can now be produced at US based
Speaker 3: factories that are operated by TSMC and fox Con. But
Speaker 3: as you know, and Vidia had its you know conference
Speaker 3: this week, so Jens and Wong said that the company
Speaker 3: ultimately plans to shift manufacturing on shore. So that's the
Speaker 3: whole focus of it's shifting where the work is on shore,
Speaker 3: and that's why those shares have been like all over
Speaker 3: the map.
Speaker 2: I mean all over the map on the draw down
Speaker 2: right now, pull Sweden's negative twenty one percent, but they're
Speaker 2: up forty two percent in the last twelve months. I mean,
Speaker 2: I know, you know, is a drawdown is gloom? What's
Speaker 2: changed for Nvidia lease? I mean the answer is, I'm
Speaker 2: not sure much has changed for Nvidia.
Speaker 3: Yeah, not much has changed, I mean the share. But
Speaker 3: what's interesting is that the shares in TSMC, other Nvidia
Speaker 3: suppliers like sk Henis I think it is in South Korea,
Speaker 3: They're they've been all over the map too because of
Speaker 3: this report. So it's affecting other.
Speaker 4: Well you think about it, I mean, not just in
Speaker 4: the stock market in general, not just tech stocks or
Speaker 4: not just chip stocks. AI has been the story for
Speaker 4: the stock market, and all we talked about was AI.
Speaker 4: Seemed like every company, whether they're a fast food company
Speaker 4: or pet food company, how any's going to transform their business. Yes, yeah,
Speaker 4: I'm not sure if the market's lost the little of that.
Speaker 4: It feels like, as.
Speaker 2: I've said, folks, I'm using AI more. It's scary, but I'm.
Speaker 4: Actually using it or are you trusting it?
Speaker 2: That's the question exactly what's next?
Speaker 3: All right? A little bit of a setback for Tesla
Speaker 3: as shares were down as much as one percent issue
Speaker 3: a recall the cyber truck it produced and sold in
Speaker 3: the first fifteen months. Those are the ones they're focusing on. Apparently,
Speaker 3: this is a steel trim along the outside of the vehicle.
Speaker 3: It can come loose and it can cause this road hazard.
Speaker 3: The adhesive is the issue. It doesn't quite stick to
Speaker 3: it just right. How big of a number is it.
Speaker 3: Tesla says it's about one percent of like, let's say
Speaker 3: the forty six thousand pickups that's calling back. So that's
Speaker 3: that's how big this recall is. But Tesla said it's
Speaker 3: going to foot the bill to replace those things. It
Speaker 3: launched back in November twenty twenty three, and it actually
Speaker 3: recalled the cyber truck six times with it really that year.
Speaker 3: The launch Actually one of those was actually similar to
Speaker 3: this US.
Speaker 2: Okay, there was one next to me in to have
Speaker 2: ANUE the other day, and it was it was black
Speaker 2: and it was almost fearful. I mean, I mean, yeah,
Speaker 2: are there many were you know? The climbs, you know.
Speaker 4: And so when you see one, it's it's a yeah,
Speaker 4: it's kind of shocking. I'm good at the stock herely sin.
Speaker 4: It's not forty one percent this year. I mean that's
Speaker 4: not nothing. Even if you're Elon Musk, I would think
Speaker 4: that would get your attention. I don't know.
Speaker 3: I guess the big thing is just because it's meant
Speaker 3: is it's rugged tough like.
Speaker 2: Yeah, but it's only eighty thousand, right, I mean I'm
Speaker 2: sure it goes up from there.
Speaker 3: One hundred and one hundred, yeah, hundred, yeah, yeah, yeah.
Speaker 2: All right, six recalls.
Speaker 3: Six recalls. Since it's long.
Speaker 4: Kevin Tiny he used to cover the autos for Bloomberg Intelligence.
Speaker 4: He used to say, Okay, being a technology company is
Speaker 4: one thing. Bending steel? Is it entirely film business in here?
Speaker 3: Okay? Discount real tailor five below. Not sure if you've
Speaker 3: ever been in the store I have. Okay, you get
Speaker 3: cheap things, you know, toys, candy, knick knacks, kids love it.
Speaker 3: You get stuff for under five dollars. So the year
Speaker 3: has been up as much as thirteen percent. Fourth car
Speaker 3: results beat right. Full year expectations were a little bit
Speaker 3: more mixed.
Speaker 4: Here's the thing.
Speaker 3: They said they're going to have to raise some prices
Speaker 3: over the pinch from tariffs, and analysts are worried about that,
Speaker 3: the long term impact from tariffs. So you had Morgan Stanley, Barclays,
Speaker 3: they cut their targets. What's interesting is that five below
Speaker 3: is actually opening more stores, one hundred and fifty more stores.
Speaker 3: Because we've heard stories like Dollar General, Big Lots closing locations. Yeah,
Speaker 3: so this is kind of a different turns.
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