1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,239 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:18,160 Speaker 1: Let's take a look at some stocks on the move 5 00:00:18,200 --> 00:00:21,239 Speaker 1: today on Nathan Hager joined by Bloomberg's Dan Curtis on 6 00:00:21,480 --> 00:00:24,959 Speaker 1: another morning where chip stocks are in focus, Dan, and 7 00:00:25,200 --> 00:00:28,400 Speaker 1: Advanced micro Devices is top of mind. 8 00:00:28,640 --> 00:00:32,720 Speaker 3: Good morning, Good morning, Yeah, Advanced micro Devices, as you mentioned, 9 00:00:32,720 --> 00:00:34,680 Speaker 3: it is a chip stock that stock right now is 10 00:00:34,720 --> 00:00:38,040 Speaker 3: down nearly six percent in pre market. It came out 11 00:00:38,040 --> 00:00:40,919 Speaker 3: with earnings after hours, and really the timing of these 12 00:00:40,960 --> 00:00:44,120 Speaker 3: earnings is a bit tough for the company itself. We've 13 00:00:44,120 --> 00:00:46,600 Speaker 3: had that chip sell off which you've been talking about, 14 00:00:46,680 --> 00:00:49,800 Speaker 3: weighing on the space. These high flyers, these earning have 15 00:00:50,040 --> 00:00:52,840 Speaker 3: put these earnings reports under more scrutiny. So I think 16 00:00:52,880 --> 00:00:55,200 Speaker 3: some other earnings that might have been shrugged off and 17 00:00:55,240 --> 00:00:57,480 Speaker 3: some other warnings that might have been shrugged off earlier 18 00:00:57,640 --> 00:00:59,960 Speaker 3: are getting a lot of attention this morning. That's really 19 00:01:00,080 --> 00:01:02,240 Speaker 3: really playing out in the pre market right now. So 20 00:01:02,400 --> 00:01:06,360 Speaker 3: looking specifically at AMD, it reported third quarter ear revenue 21 00:01:06,400 --> 00:01:09,480 Speaker 3: of nine point twenty five billion dollars last night, that's 22 00:01:09,520 --> 00:01:12,440 Speaker 3: thirty six percent growth versus the prior year. It beat 23 00:01:12,560 --> 00:01:15,120 Speaker 3: estimates at top to the company's high end of its guidance, 24 00:01:15,200 --> 00:01:18,200 Speaker 3: and even earnings itself came in above Wall Street estimates, 25 00:01:18,440 --> 00:01:20,959 Speaker 3: but again a lot of scrutiny on these names. The 26 00:01:21,000 --> 00:01:24,720 Speaker 3: guidance is causing some concern on Wall Street. The ceoc's 27 00:01:24,800 --> 00:01:27,240 Speaker 3: revenue for the current quarter up twenty five percent, which 28 00:01:27,319 --> 00:01:30,360 Speaker 3: does sound strong, but it's lower than the sixty percent 29 00:01:30,480 --> 00:01:33,320 Speaker 3: growth that AI Darling in Nvidia is expected to post 30 00:01:33,360 --> 00:01:36,800 Speaker 3: in a similar period. AMD has signed agreements with open 31 00:01:36,840 --> 00:01:39,839 Speaker 3: Ai and Oracle to build out AI computing, but again 32 00:01:40,080 --> 00:01:42,880 Speaker 3: fine tooths comb over these the forward guidance could be 33 00:01:42,880 --> 00:01:44,959 Speaker 3: a signal that the payoff from the deals may not 34 00:01:45,040 --> 00:01:46,440 Speaker 3: come as soon as expected. 35 00:01:46,680 --> 00:01:49,520 Speaker 1: Yeah, it looks like the scrutiny is spreading beyond chips 36 00:01:49,560 --> 00:01:52,040 Speaker 1: into the broader tech space given the results that we 37 00:01:52,080 --> 00:01:54,360 Speaker 1: saw from super micro Computer as well Dan. 38 00:01:54,800 --> 00:01:58,040 Speaker 3: Exactly another AI related company, and this one makes servers 39 00:01:58,400 --> 00:02:02,800 Speaker 3: ticker SMCI. That stock is down nearly nine percent in 40 00:02:02,840 --> 00:02:05,840 Speaker 3: the pre market. The company reported first quarter revenue of 41 00:02:05,920 --> 00:02:08,680 Speaker 3: five billion dollars that was well below the six to 42 00:02:08,720 --> 00:02:11,840 Speaker 3: seven billion the company had expected to make. A third 43 00:02:11,840 --> 00:02:14,840 Speaker 3: of the revenue came from GPU related AI servers, but 44 00:02:14,960 --> 00:02:18,720 Speaker 3: sales fell fifteen percent from the year prior as some 45 00:02:18,840 --> 00:02:22,920 Speaker 3: shipments were delayed. The company did raise revenue guidance for 46 00:02:22,960 --> 00:02:25,880 Speaker 3: its current fiscal year by nearly ten percents. That might 47 00:02:25,919 --> 00:02:28,680 Speaker 3: come with smaller margins as it provides more services for 48 00:02:28,760 --> 00:02:31,480 Speaker 3: some of its AI megadeals. The outlook for earnings and 49 00:02:31,560 --> 00:02:34,080 Speaker 3: margins is still murky, and the CEO noted on the 50 00:02:34,120 --> 00:02:36,520 Speaker 3: call that competition the space remains intense. 51 00:02:37,000 --> 00:02:37,160 Speaker 2: Now. 52 00:02:37,160 --> 00:02:40,120 Speaker 1: This morning, we got earnings from Humana, and it's not 53 00:02:40,240 --> 00:02:43,040 Speaker 1: looking like that's giving much help to sentiment either. 54 00:02:43,120 --> 00:02:47,560 Speaker 3: Dan It's not. The company reported ad just a third 55 00:02:47,639 --> 00:02:50,519 Speaker 3: quarter earnings of three dollars and twenty four cents that's 56 00:02:50,560 --> 00:02:53,160 Speaker 3: above the Wall Street estimates. The beat was aided by 57 00:02:53,200 --> 00:02:57,760 Speaker 3: stronger than expected revenue from Medicare members. Medicaid trailed estimates. 58 00:02:58,240 --> 00:03:01,799 Speaker 3: Rising healthcare costs are weighing on the company's profit. Ninety 59 00:03:01,840 --> 00:03:04,680 Speaker 3: one percent of the revenue from premiums went back into 60 00:03:04,720 --> 00:03:08,720 Speaker 3: medical care, a higher proportion than the previous report, While 61 00:03:08,760 --> 00:03:11,000 Speaker 3: the twelve percent gains this year are nowhere near those 62 00:03:11,040 --> 00:03:13,399 Speaker 3: of the AI names we discussed earlier. It's a relatively 63 00:03:13,480 --> 00:03:15,720 Speaker 3: high flyer in the health insurance space. Two of its 64 00:03:15,760 --> 00:03:18,040 Speaker 3: biggest peers, Human and Elements, are down thirty three to 65 00:03:18,120 --> 00:03:21,760 Speaker 3: twelve percent, respectively so far this year. Humana has been 66 00:03:21,760 --> 00:03:25,560 Speaker 3: shielded from expiring health plans from so called Obamacare, and 67 00:03:25,600 --> 00:03:29,080 Speaker 3: the company expects fewer members to drop Medicare advantage plans 68 00:03:29,080 --> 00:03:32,400 Speaker 3: than previously forecasted. But as a relative high flyer, again, 69 00:03:32,520 --> 00:03:35,040 Speaker 3: it's just the scrutiny that the market is bringing out 70 00:03:35,440 --> 00:03:37,520 Speaker 3: amid this somewhat bearish pullback. 71 00:03:37,680 --> 00:03:40,400 Speaker 1: I'm sensing a trend in your report this morning, and 72 00:03:40,680 --> 00:03:43,920 Speaker 1: I mean looking at the results as well from Pinterest 73 00:03:44,200 --> 00:03:47,080 Speaker 1: this morning. That stock is getting crushed. 74 00:03:47,680 --> 00:03:50,880 Speaker 3: Yeah, it's the social media company. It's expecting revenue to 75 00:03:50,920 --> 00:03:53,360 Speaker 3: come in around one point three billion dollars. This is 76 00:03:53,400 --> 00:03:57,080 Speaker 3: a bit of a tariff play, though the CEO sounded 77 00:03:57,080 --> 00:04:00,280 Speaker 3: the alarm that tariffs are impacting home furnishing. That's created 78 00:04:00,320 --> 00:04:03,680 Speaker 3: broad fullback and retailer spending across the United States and Canada, 79 00:04:03,720 --> 00:04:06,560 Speaker 3: where Pinterest gets most of its revenue from. Pinterest has 80 00:04:06,600 --> 00:04:09,720 Speaker 3: strong exposure to retail as its platform is used for 81 00:04:09,760 --> 00:04:13,120 Speaker 3: home decor, and that stock is down nearly twenty percent 82 00:04:13,200 --> 00:04:13,680 Speaker 3: in pre. 83 00:04:15,120 --> 00:04:19,160 Speaker 2: This Stock Movers report from Bloomberg Radio. 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