WEBVTT - Tesla, Nvidia, Five Below

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, the Stock Movers podcast.

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<v Speaker 1>This is your roundup of companies making news on Wall

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<v Speaker 1>Street and beyond, harnessing the power of Bloomberg Data.

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<v Speaker 2>So it Psycho, look right now at some stocks on

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<v Speaker 2>the move today. We're joined by Bloomberg's Lisa Manteo. Lisa,

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<v Speaker 2>what are you looking at that? All? Right?

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<v Speaker 3>So we've been talking a lot about big investments in tech, right,

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<v Speaker 3>So in Vidia in the spotlight for that big time.

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<v Speaker 3>It shares kind of been all over the map. It's

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<v Speaker 3>been up, then down, down as much as one percent.

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<v Speaker 3>So here's the gist of its CEO Jensen Wong. He

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<v Speaker 3>told the Financial Times that the company is going to

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<v Speaker 3>spend quote several hundred billion dollars. They're going to produce

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<v Speaker 3>these US made chips electronics over the next four years.

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<v Speaker 3>So here's the thing. The latest chips and Nvidia powered

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<v Speaker 3>service for data can now be produced at US based

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<v Speaker 3>factories that are operated by TSMC and fox Con. But

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<v Speaker 3>as you know, and Vidia had its you know conference

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<v Speaker 3>this week, so Jens and Wong said that the company

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<v Speaker 3>ultimately plans to shift manufacturing on shore. So that's the

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<v Speaker 3>whole focus of it's shifting where the work is on shore,

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<v Speaker 3>and that's why those shares have been like all over

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<v Speaker 3>the map.

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<v Speaker 2>I mean all over the map on the draw down

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<v Speaker 2>right now, pull Sweden's negative twenty one percent, but they're

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<v Speaker 2>up forty two percent in the last twelve months. I mean,

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<v Speaker 2>I know, you know, is a drawdown is gloom? What's

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<v Speaker 2>changed for Nvidia lease? I mean the answer is, I'm

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<v Speaker 2>not sure much has changed for Nvidia.

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<v Speaker 3>Yeah, not much has changed, I mean the share. But

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<v Speaker 3>what's interesting is that the shares in TSMC, other Nvidia

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<v Speaker 3>suppliers like sk Henis I think it is in South Korea,

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<v Speaker 3>They're they've been all over the map too because of

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<v Speaker 3>this report. So it's affecting other.

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<v Speaker 4>Well you think about it, I mean, not just in

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<v Speaker 4>the stock market in general, not just tech stocks or

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<v Speaker 4>not just chip stocks. AI has been the story for

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<v Speaker 4>the stock market, and all we talked about was AI.

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<v Speaker 4>Seemed like every company, whether they're a fast food company

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<v Speaker 4>or pet food company, how any's going to transform their business. Yes, yeah,

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<v Speaker 4>I'm not sure if the market's lost the little of that.

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<v Speaker 4>It feels like, as.

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<v Speaker 2>I've said, folks, I'm using AI more. It's scary, but I'm.

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<v Speaker 4>Actually using it or are you trusting it?

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<v Speaker 2>That's the question exactly what's next?

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<v Speaker 3>All right? A little bit of a setback for Tesla

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<v Speaker 3>as shares were down as much as one percent issue

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<v Speaker 3>a recall the cyber truck it produced and sold in

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<v Speaker 3>the first fifteen months. Those are the ones they're focusing on. Apparently,

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<v Speaker 3>this is a steel trim along the outside of the vehicle.

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<v Speaker 3>It can come loose and it can cause this road hazard.

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<v Speaker 3>The adhesive is the issue. It doesn't quite stick to

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<v Speaker 3>it just right. How big of a number is it.

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<v Speaker 3>Tesla says it's about one percent of like, let's say

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<v Speaker 3>the forty six thousand pickups that's calling back. So that's

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<v Speaker 3>that's how big this recall is. But Tesla said it's

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<v Speaker 3>going to foot the bill to replace those things. It

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<v Speaker 3>launched back in November twenty twenty three, and it actually

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<v Speaker 3>recalled the cyber truck six times with it really that year.

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<v Speaker 3>The launch Actually one of those was actually similar to

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<v Speaker 3>this US.

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<v Speaker 2>Okay, there was one next to me in to have

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<v Speaker 2>ANUE the other day, and it was it was black

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<v Speaker 2>and it was almost fearful. I mean, I mean, yeah,

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<v Speaker 2>are there many were you know? The climbs, you know.

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<v Speaker 4>And so when you see one, it's it's a yeah,

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<v Speaker 4>it's kind of shocking. I'm good at the stock herely sin.

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<v Speaker 4>It's not forty one percent this year. I mean that's

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<v Speaker 4>not nothing. Even if you're Elon Musk, I would think

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<v Speaker 4>that would get your attention. I don't know.

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<v Speaker 3>I guess the big thing is just because it's meant

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<v Speaker 3>is it's rugged tough like.

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<v Speaker 2>Yeah, but it's only eighty thousand, right, I mean I'm

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<v Speaker 2>sure it goes up from there.

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<v Speaker 3>One hundred and one hundred, yeah, hundred, yeah, yeah, yeah.

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<v Speaker 2>All right, six recalls.

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<v Speaker 3>Six recalls. Since it's long.

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<v Speaker 4>Kevin Tiny he used to cover the autos for Bloomberg Intelligence.

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<v Speaker 4>He used to say, Okay, being a technology company is

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<v Speaker 4>one thing. Bending steel? Is it entirely film business in here?

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<v Speaker 3>Okay? Discount real tailor five below. Not sure if you've

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<v Speaker 3>ever been in the store I have. Okay, you get

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<v Speaker 3>cheap things, you know, toys, candy, knick knacks, kids love it.

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<v Speaker 3>You get stuff for under five dollars. So the year

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<v Speaker 3>has been up as much as thirteen percent. Fourth car

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<v Speaker 3>results beat right. Full year expectations were a little bit

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<v Speaker 3>more mixed.

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<v Speaker 4>Here's the thing.

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<v Speaker 3>They said they're going to have to raise some prices

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<v Speaker 3>over the pinch from tariffs, and analysts are worried about that,

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<v Speaker 3>the long term impact from tariffs. So you had Morgan Stanley, Barclays,

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<v Speaker 3>they cut their targets. What's interesting is that five below

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<v Speaker 3>is actually opening more stores, one hundred and fifty more stores.

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<v Speaker 3>Because we've heard stories like Dollar General, Big Lots closing locations. Yeah,

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<v Speaker 3>so this is kind of a different turns.

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<v Speaker 1>It the Stock Movers podcast from Bloomberg Radio. Check back

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