Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data.
Speaker 1: Taking a look at some stocks on move right now,
Speaker 1: let's bring in Tatiana Darier, who's got more of those? Tatiana,
Speaker 1: You're starting with the big mover here among the mag seven.
Speaker 3: Exactly Scarlett. Tesla shares up about six percent today. That
Speaker 3: is a market cap change of about eighty five billion
Speaker 3: dollars after Elon Musk has purchased about one billion dollars
Speaker 3: worth of Tesla shares as a Friday per An SEC filing.
Speaker 3: While that purchase coincided with the Tesla board chair speaking
Speaker 3: with reporters about the merits of awarding Mosk about one
Speaker 3: trillion dollars worth of stock if the company achieves some
Speaker 3: ambitious milestones, and in an interview on Friday, she insists
Speaker 3: that no other than Elon Musk is capable of leading
Speaker 3: the company's transition into AI and robotics. Curiously, she said
Speaker 3: it's not necessarily that he'll do it from the CEO
Speaker 3: seed he could be moving into another leadership post, such
Speaker 3: as Chief Product Officer, where well, the market seemed to
Speaker 3: be kind of overlooking these details, and with today's rally
Speaker 3: on top of the momentum from last week, wiping out
Speaker 3: the stocks year today, laws shares now hire by four
Speaker 3: percent year today, catching up to some of those magnifics
Speaker 3: in seven.
Speaker 1: Peers, Wow, what about another magnificent seven and Video.
Speaker 3: And Vidia, Well, this company is a lower. Today's shares
Speaker 3: of down by about one percent after China said his
Speaker 3: preliminary probe found that Nvidia violated an anti monopoly law
Speaker 3: with his acquisition of Melanox Technologies. So, I mean, this
Speaker 3: story just keeps showing us done. Nvidia really keeps taking
Speaker 3: heat from the Chinese here as the US China trade
Speaker 3: dooks continue in Madrid, and as the yours government has
Speaker 3: settled for that fifteen percent commission on China sales already,
Speaker 3: Treasury Secretary Besson said that officials discuss the poor timing
Speaker 3: of this announcement, and you know, foreign VideA investors are
Speaker 3: just going to have to grasp to what this means
Speaker 3: for the company in the longer run, because remember they
Speaker 3: have not been able to resume those sales in China
Speaker 3: after they initially were banned. Than they were able to
Speaker 3: get permits, but for a cost. But at the same time,
Speaker 3: the Chinese has already have already pushed their local companies
Speaker 3: to avoid Nvidia products, so it's very interesting to see
Speaker 3: how that will play out for their Chinese outlook. Well.
Speaker 3: With the stocks up more than thirty percent here today,
Speaker 3: the stakes are suddenly high here.
Speaker 1: They have been for a while, and you're looking at
Speaker 1: another chip maker, Intel. It's fortunes, of course, moving in
Speaker 1: a different direction than in videos.
Speaker 3: In different direction. This morning as well, the shares are
Speaker 3: up of four percent. Ticker is I and TC. They
Speaker 3: lowered their twenty twenty five expence target following the closing
Speaker 3: of their Altura equity stake to silver Lake, and now
Speaker 3: they're saying that three quarter results will reflect that they
Speaker 3: trimmed their operating expense target to sixteen point eight billion
Speaker 3: from seventeen billion. Also reiter rated their twenty six target.
Speaker 3: And this is an important announcement just because the traders
Speaker 3: are so focused on expenses for this company as the
Speaker 3: new CEO is trying to stable as the company turn
Speaker 3: the ship around sharpen his competitive position in the AI race.
Speaker 3: So this news today adds to its momentum stock hire
Speaker 3: by about by more than twenty percent this year, so
Speaker 3: this will only add to those games.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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