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 --> 00:00:15,880 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:18,520 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,520 --> 00:00:21,840 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis on a 6 00:00:21,920 --> 00:00:24,919 Speaker 1: day when stocks won't be moving off the back of 7 00:00:24,960 --> 00:00:27,760 Speaker 1: an official jobs report, but we do have a lot 8 00:00:27,800 --> 00:00:32,440 Speaker 1: to talk about in the micro space, including advanced I'm sorry, 9 00:00:32,479 --> 00:00:35,720 Speaker 1: Applied Materials taking it on the chin this morning, Dan, 10 00:00:35,760 --> 00:00:36,600 Speaker 1: Good morning. 11 00:00:37,000 --> 00:00:37,640 Speaker 3: Good morning. 12 00:00:37,720 --> 00:00:38,440 Speaker 2: Yeah, that's right. 13 00:00:38,600 --> 00:00:40,040 Speaker 3: You know, today is a good day to let the 14 00:00:40,080 --> 00:00:43,880 Speaker 3: single name shine without that jobs report. But Applied Materials 15 00:00:44,280 --> 00:00:47,800 Speaker 3: down three percent in the pre market. It's a semiconductor 16 00:00:47,840 --> 00:00:50,199 Speaker 3: equipment maker, and it's announced that it's going to take 17 00:00:50,240 --> 00:00:52,840 Speaker 3: a six hundred million dollars hit to revenue. That's due 18 00:00:52,880 --> 00:00:56,920 Speaker 3: to new US government restrictions. The company's updated guidance comes 19 00:00:56,960 --> 00:01:00,480 Speaker 3: after the Trump administration expanded measures to prevent sanction companies 20 00:01:00,480 --> 00:01:03,960 Speaker 3: from receiving restricted goods. Applied Materials sees part of its 21 00:01:04,000 --> 00:01:07,400 Speaker 3: business getting impacted by those new rules, So an analyst 22 00:01:07,400 --> 00:01:09,840 Speaker 3: from Bernstein notes that this is not the only company 23 00:01:09,840 --> 00:01:13,240 Speaker 3: that will probably see see these hits to revenue. The 24 00:01:13,280 --> 00:01:15,440 Speaker 3: street is just waiting for other companies to come out 25 00:01:15,480 --> 00:01:18,280 Speaker 3: and project how much this may impact their business. And 26 00:01:18,319 --> 00:01:20,680 Speaker 3: despite pulling back in the early hours, it's still in 27 00:01:20,720 --> 00:01:23,319 Speaker 3: line with a broader chip space so far this year. 28 00:01:23,560 --> 00:01:26,959 Speaker 1: And we got some news this morning that affects shares 29 00:01:27,000 --> 00:01:30,200 Speaker 1: of Taiwan's semiconductor that are traded in the US, A 30 00:01:30,240 --> 00:01:32,319 Speaker 1: pretty big headline around Huawei. 31 00:01:32,760 --> 00:01:35,920 Speaker 3: Yeah, so this is the restrictions I just mentioned. Part 32 00:01:35,959 --> 00:01:38,080 Speaker 3: of that is to target Huawei, which is on a 33 00:01:38,200 --> 00:01:42,839 Speaker 3: restricted company list. The Trump administration is trying to limit 34 00:01:42,880 --> 00:01:46,360 Speaker 3: the access that some Chinese companies have to AI chips 35 00:01:46,360 --> 00:01:50,240 Speaker 3: and high tech high check materials that the likes of 36 00:01:50,280 --> 00:01:54,600 Speaker 3: TSMC makes. So we got a report from tech Insights 37 00:01:54,640 --> 00:01:58,960 Speaker 3: that discovered dies from TSMC were used to produce top 38 00:01:59,000 --> 00:02:03,320 Speaker 3: AI chips at Huawei. The Huawei was also found to 39 00:02:03,360 --> 00:02:06,680 Speaker 3: have used components from Samsung and sk Heinex. All the 40 00:02:06,720 --> 00:02:09,240 Speaker 3: companies whose components were found used say that they do 41 00:02:09,360 --> 00:02:12,760 Speaker 3: comply with US export regulations. It's not clear yet how 42 00:02:12,840 --> 00:02:15,680 Speaker 3: Huawei obtained the technology. In the past, it's used in 43 00:02:15,680 --> 00:02:19,760 Speaker 3: intermediate company to funnel restricted goods and just worth it 44 00:02:19,800 --> 00:02:22,799 Speaker 3: to know. Huawei has not responded to comment. They are 45 00:02:22,919 --> 00:02:26,320 Speaker 3: on a week long holiday in China. That said, TSMC 46 00:02:26,440 --> 00:02:29,480 Speaker 3: still powering ahead in the pre market. It's up about 47 00:02:29,520 --> 00:02:32,519 Speaker 3: two percent and hovering near all time highs. 48 00:02:32,280 --> 00:02:35,639 Speaker 1: And the biggest top side mover in the pre market 49 00:02:35,639 --> 00:02:37,240 Speaker 1: this morning. I get. I guess we could call this 50 00:02:37,280 --> 00:02:41,240 Speaker 1: one in the tech space. What is going on with Rumble? 51 00:02:41,360 --> 00:02:43,320 Speaker 1: It is catching a huge bed this morning. 52 00:02:43,960 --> 00:02:46,080 Speaker 3: Yeah, I mean, it's definitely more in the tech space 53 00:02:46,120 --> 00:02:49,480 Speaker 3: this morning because it's starting to integrate AI into its 54 00:02:49,880 --> 00:02:53,720 Speaker 3: video sharing platform. It's partnering with an AI company called 55 00:02:53,760 --> 00:02:57,200 Speaker 3: Perplexity to integrate artificial technology and that's just basically going 56 00:02:57,240 --> 00:03:00,280 Speaker 3: to help suggest videos to users while they're on this site. 57 00:03:00,800 --> 00:03:03,760 Speaker 3: The collaboration will result in a new subscription model combining 58 00:03:03,800 --> 00:03:07,440 Speaker 3: both the pro versions. While Perplexities tools will be integrated. 59 00:03:07,840 --> 00:03:11,160 Speaker 3: Perplexities new AI browser called Comment will be promoted across 60 00:03:11,240 --> 00:03:14,800 Speaker 3: Rumbles network. That's how the partnership is structured. That's lifting 61 00:03:14,840 --> 00:03:19,240 Speaker 3: shares thirteen percent in the pre market. This is a 62 00:03:19,280 --> 00:03:21,640 Speaker 3: stock that I will say has gone a massive lift 63 00:03:21,760 --> 00:03:25,840 Speaker 3: earlier from the President Trump's election that was seen as 64 00:03:25,840 --> 00:03:28,760 Speaker 3: a positive positive catalyst as this platform appeals to law 65 00:03:28,760 --> 00:03:31,560 Speaker 3: of far right users. The shares have pulled back. They're 66 00:03:31,560 --> 00:03:34,520 Speaker 3: still nearly fifty percent off from all time highs, but 67 00:03:34,720 --> 00:03:36,840 Speaker 3: this morning is helping out the balls a little bit. 68 00:03:38,600 --> 00:03:42,640 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 69 00:03:42,720 --> 00:03:45,280 Speaker 2: us throughout the day for the latest roundup of companies 70 00:03:45,360 --> 00:03:48,440 Speaker 2: making news on Wall Street and for the latest market 71 00:03:48,480 --> 00:03:52,960 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 72 00:03:53,040 --> 00:03:56,560 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 73 00:03:56,600 --> 00:03:58,120 Speaker 2: the Bloomberg Business app.