WEBVTT - Super Micro Extends Gains, CoreWeave Beats, Cisco Rises

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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 1>I'm Tim Stenebek along with Carol Master, and we're joined

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<v Speaker 1>by Bloomberg News acat's reporter Carmen Reinicky, Carmen, You've got

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<v Speaker 1>a lot to choose from when it comes to movers today.

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<v Speaker 1>I know super Micro is on your radar.

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<v Speaker 3>Yeah, super Micro is my top stock and also the

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<v Speaker 3>top stock on the S and P five hundred. Today,

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<v Speaker 3>ticker SMCI shares jumped sixteen percent, the highest since February

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<v Speaker 3>twenty six. The company signed an agreement with Saudi Arabian

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<v Speaker 3>based data center Data volt for a twenty billion, multi

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<v Speaker 3>year partnership. Bloomberg Intelligence analyst Blujinho said that this partnership

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<v Speaker 3>reinforces the view of the company's solid strategic position in

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<v Speaker 3>AI servers amid mounting competition.

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<v Speaker 1>Stock's been on a tear too like this week.

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<v Speaker 4>I think a bam people moving into it in a

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<v Speaker 4>big way.

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<v Speaker 3>YEP and other chip stocks today also moved sort on

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<v Speaker 3>this news and all sort of the positive stuff coming

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<v Speaker 3>out of partnership. So Nvidia, AMD, all of these companies

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<v Speaker 3>were up all.

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<v Speaker 1>Right, everybody who's watching Core We've very closely. This is

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<v Speaker 1>a company that ipo'ed just in the past couple of months,

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<v Speaker 1>and it was looked at, hey, are we going to

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<v Speaker 1>see a return to IPOs? How's it doing well?

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<v Speaker 3>I mean we also had e Toro today, So today

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<v Speaker 3>for IPOs, so shows of corweeb are up about nine

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<v Speaker 3>percent right now, and after hours trading, the company reported

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<v Speaker 3>its first ever earnings results as a publicly traded company. Basically,

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<v Speaker 3>it showed pretty solid results. Adjusted EBITA revenue, operating income

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<v Speaker 3>beat Wall Street expectations and basically it just indicated that

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<v Speaker 3>artificial intelligence investment is not slowing down. And I mean,

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<v Speaker 3>this is this is something that's just really lifting the

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<v Speaker 3>tech sector in general, right because this was the big fear,

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<v Speaker 3>you know, these companies are going to stop spending and

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<v Speaker 3>then we're going to you know, see this hit to earning.

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<v Speaker 3>So a really good first showing from Core Weave. The

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<v Speaker 3>stock has also been on as hair this year. It

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<v Speaker 3>ended the day at a at a record high.

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<v Speaker 4>Yeah, and I just want to point out since you

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<v Speaker 4>talked about the AI trade. Right, we saw Cisco in

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<v Speaker 4>the aftermarket come out with earnings and the stock popped

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<v Speaker 4>three four percent in the aftermarket, and a lot of

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<v Speaker 4>it had to do with some of the spending that

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<v Speaker 4>they are seeing in terms of a high what it says,

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<v Speaker 4>positive sales forecast after AI booies demand AI.

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<v Speaker 1>The trade is backed, Tim Well, I know Cisco is

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<v Speaker 1>one of the stocks on Carmen's as well. Start he thunder. Sorry,

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<v Speaker 1>it's my arms, Carol Massa where I'm like, what are

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<v Speaker 1>you doing?

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<v Speaker 3>I thought it was just up sorry an expert transition,

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<v Speaker 3>but no, you're totally right. I mean AI spending is

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<v Speaker 3>you know, it's still coming, It's still happening. Cisco boosted

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<v Speaker 3>both its current quarter revenue forecast and full year revenue forecast.

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<v Speaker 3>And I mean this was the earnings you know, like

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<v Speaker 3>season where we were supposed to see all this cut right,

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<v Speaker 3>like that was the fear. So this bodes really well

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<v Speaker 3>for the AI trade. And I think worth noting that

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<v Speaker 3>we have in video in.

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<v Speaker 4>Two weeks, yeah, right, will be another one. It's kind

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<v Speaker 4>of fascinating because I just feel like we were backing

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<v Speaker 4>off that AI trade, but we got some like throughout

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<v Speaker 4>the earning season, right, some support that stuff's going on

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<v Speaker 4>should point out to Cisco. It sounds like some changes

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<v Speaker 4>in the c suite, the CFO stepping down and making

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<v Speaker 4>some changes there.

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<v Speaker 1>So yeah, May eighth, four to twenty pm video Let

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<v Speaker 1>the countdown began.

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<v Speaker 4>At it in Vidia close today.

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<v Speaker 1>That's when I hear from Nvidio and Vidia finished up

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<v Speaker 1>by more than four hundred billion market cap added.

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<v Speaker 4>I mean that one too, Like what I mean we're

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<v Speaker 4>looking at Wait, let me just pull up the numbers.

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<v Speaker 4>I mean, it's been on a tear.

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<v Speaker 1>Also, and Jensen was in Saudi Arabia yesterday. He was

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<v Speaker 1>called out by the president. Yeah he was.

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<v Speaker 4>Yeah, it's a sixteen percent this week and only Wednesday

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<v Speaker 4>Lemon year today shares a flat.

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<v Speaker 3>Yeah, I know that, I'd mean, but yeah, a big

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<v Speaker 3>resurgence back into this trade. I mean, it's its valuation

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<v Speaker 3>has gotten so compressed. I think it's trading at like

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<v Speaker 3>thirty times earnings now, which is a huge discount if

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<v Speaker 3>you look over the last two years. So it's really

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<v Speaker 3>interesting to see sort of the air come back into

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<v Speaker 3>the tires here. And yeah, I'm excited for me. Twenty eight.

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<v Speaker 2>The Stock Movers 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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