1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,600 --> 00:00:18,680 Speaker 1: Taking a look at some stocks on move right now, 5 00:00:18,840 --> 00:00:22,080 Speaker 1: let's bring in Tatiana Darier, who's got more of those? Tatiana, 6 00:00:22,120 --> 00:00:24,799 Speaker 1: You're starting with the big mover here among the mag seven. 7 00:00:25,040 --> 00:00:29,479 Speaker 3: Exactly Scarlett. Tesla shares up about six percent today. That 8 00:00:29,640 --> 00:00:32,520 Speaker 3: is a market cap change of about eighty five billion 9 00:00:32,600 --> 00:00:36,519 Speaker 3: dollars after Elon Musk has purchased about one billion dollars 10 00:00:36,560 --> 00:00:40,040 Speaker 3: worth of Tesla shares as a Friday per An SEC filing. 11 00:00:40,040 --> 00:00:43,560 Speaker 3: While that purchase coincided with the Tesla board chair speaking 12 00:00:43,560 --> 00:00:46,159 Speaker 3: with reporters about the merits of awarding Mosk about one 13 00:00:46,240 --> 00:00:49,479 Speaker 3: trillion dollars worth of stock if the company achieves some 14 00:00:49,600 --> 00:00:52,920 Speaker 3: ambitious milestones, and in an interview on Friday, she insists 15 00:00:52,960 --> 00:00:56,680 Speaker 3: that no other than Elon Musk is capable of leading 16 00:00:56,680 --> 00:01:00,960 Speaker 3: the company's transition into AI and robotics. Curiously, she said 17 00:01:01,040 --> 00:01:03,600 Speaker 3: it's not necessarily that he'll do it from the CEO 18 00:01:03,720 --> 00:01:06,800 Speaker 3: seed he could be moving into another leadership post, such 19 00:01:06,840 --> 00:01:10,280 Speaker 3: as Chief Product Officer, where well, the market seemed to 20 00:01:10,280 --> 00:01:14,279 Speaker 3: be kind of overlooking these details, and with today's rally 21 00:01:14,280 --> 00:01:17,399 Speaker 3: on top of the momentum from last week, wiping out 22 00:01:17,440 --> 00:01:20,800 Speaker 3: the stocks year today, laws shares now hire by four 23 00:01:20,840 --> 00:01:23,640 Speaker 3: percent year today, catching up to some of those magnifics 24 00:01:23,680 --> 00:01:24,240 Speaker 3: in seven. 25 00:01:24,040 --> 00:01:27,280 Speaker 1: Peers, Wow, what about another magnificent seven and Video. 26 00:01:27,240 --> 00:01:31,119 Speaker 3: And Vidia, Well, this company is a lower. Today's shares 27 00:01:31,120 --> 00:01:33,960 Speaker 3: of down by about one percent after China said his 28 00:01:34,000 --> 00:01:38,480 Speaker 3: preliminary probe found that Nvidia violated an anti monopoly law 29 00:01:38,520 --> 00:01:41,959 Speaker 3: with his acquisition of Melanox Technologies. So, I mean, this 30 00:01:42,000 --> 00:01:45,679 Speaker 3: story just keeps showing us done. Nvidia really keeps taking 31 00:01:45,720 --> 00:01:48,480 Speaker 3: heat from the Chinese here as the US China trade 32 00:01:48,520 --> 00:01:51,480 Speaker 3: dooks continue in Madrid, and as the yours government has 33 00:01:51,520 --> 00:01:55,560 Speaker 3: settled for that fifteen percent commission on China sales already, 34 00:01:55,640 --> 00:01:59,760 Speaker 3: Treasury Secretary Besson said that officials discuss the poor timing 35 00:01:59,800 --> 00:02:03,880 Speaker 3: of this announcement, and you know, foreign VideA investors are 36 00:02:03,960 --> 00:02:07,320 Speaker 3: just going to have to grasp to what this means 37 00:02:07,520 --> 00:02:10,000 Speaker 3: for the company in the longer run, because remember they 38 00:02:10,000 --> 00:02:12,359 Speaker 3: have not been able to resume those sales in China 39 00:02:12,440 --> 00:02:15,000 Speaker 3: after they initially were banned. Than they were able to 40 00:02:15,360 --> 00:02:18,239 Speaker 3: get permits, but for a cost. But at the same time, 41 00:02:18,280 --> 00:02:22,000 Speaker 3: the Chinese has already have already pushed their local companies 42 00:02:22,200 --> 00:02:25,919 Speaker 3: to avoid Nvidia products, so it's very interesting to see 43 00:02:25,919 --> 00:02:30,120 Speaker 3: how that will play out for their Chinese outlook. Well. 44 00:02:30,160 --> 00:02:32,760 Speaker 3: With the stocks up more than thirty percent here today, 45 00:02:32,800 --> 00:02:34,720 Speaker 3: the stakes are suddenly high here. 46 00:02:34,639 --> 00:02:36,440 Speaker 1: They have been for a while, and you're looking at 47 00:02:36,440 --> 00:02:39,040 Speaker 1: another chip maker, Intel. It's fortunes, of course, moving in 48 00:02:39,080 --> 00:02:41,040 Speaker 1: a different direction than in videos. 49 00:02:40,919 --> 00:02:44,120 Speaker 3: In different direction. This morning as well, the shares are 50 00:02:44,240 --> 00:02:47,680 Speaker 3: up of four percent. Ticker is I and TC. They 51 00:02:47,720 --> 00:02:50,920 Speaker 3: lowered their twenty twenty five expence target following the closing 52 00:02:50,960 --> 00:02:54,080 Speaker 3: of their Altura equity stake to silver Lake, and now 53 00:02:54,080 --> 00:02:57,040 Speaker 3: they're saying that three quarter results will reflect that they 54 00:02:57,120 --> 00:03:00,519 Speaker 3: trimmed their operating expense target to sixteen point eight billion 55 00:03:00,520 --> 00:03:05,520 Speaker 3: from seventeen billion. Also reiter rated their twenty six target. 56 00:03:05,639 --> 00:03:08,800 Speaker 3: And this is an important announcement just because the traders 57 00:03:08,800 --> 00:03:11,359 Speaker 3: are so focused on expenses for this company as the 58 00:03:11,440 --> 00:03:14,000 Speaker 3: new CEO is trying to stable as the company turn 59 00:03:14,040 --> 00:03:17,800 Speaker 3: the ship around sharpen his competitive position in the AI race. 60 00:03:17,960 --> 00:03:21,240 Speaker 3: So this news today adds to its momentum stock hire 61 00:03:21,280 --> 00:03:24,840 Speaker 3: by about by more than twenty percent this year, so 62 00:03:25,240 --> 00:03:26,919 Speaker 3: this will only add to those games. 63 00:03:28,080 --> 00:03:32,120 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 64 00:03:32,200 --> 00:03:34,760 Speaker 2: us throughout the day for the latest roundup of companies 65 00:03:34,840 --> 00:03:37,920 Speaker 2: making news on Wall Street and for the latest market 66 00:03:37,960 --> 00:03:42,440 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 67 00:03:42,520 --> 00:03:46,040 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 68 00:03:46,080 --> 00:03:47,600 Speaker 2: the Bloomberg Business app.