WEBVTT - Nvidia, Tesla and Intel

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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>Taking a look at some stocks on move right now,

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<v Speaker 1>let's bring in Tatiana Darier, who's got more of those? Tatiana,

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<v Speaker 1>You're starting with the big mover here among the mag seven.

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<v Speaker 3>Exactly Scarlett. Tesla shares up about six percent today. That

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<v Speaker 3>is a market cap change of about eighty five billion

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<v Speaker 3>dollars after Elon Musk has purchased about one billion dollars

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<v Speaker 3>worth of Tesla shares as a Friday per An SEC filing.

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<v Speaker 3>While that purchase coincided with the Tesla board chair speaking

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<v Speaker 3>with reporters about the merits of awarding Mosk about one

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<v Speaker 3>trillion dollars worth of stock if the company achieves some

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<v Speaker 3>ambitious milestones, and in an interview on Friday, she insists

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<v Speaker 3>that no other than Elon Musk is capable of leading

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<v Speaker 3>the company's transition into AI and robotics. Curiously, she said

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<v Speaker 3>it's not necessarily that he'll do it from the CEO

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<v Speaker 3>seed he could be moving into another leadership post, such

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<v Speaker 3>as Chief Product Officer, where well, the market seemed to

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<v Speaker 3>be kind of overlooking these details, and with today's rally

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<v Speaker 3>on top of the momentum from last week, wiping out

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<v Speaker 3>the stocks year today, laws shares now hire by four

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<v Speaker 3>percent year today, catching up to some of those magnifics

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<v Speaker 3>in seven.

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<v Speaker 1>Peers, Wow, what about another magnificent seven and Video.

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<v Speaker 3>And Vidia, Well, this company is a lower. Today's shares

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<v Speaker 3>of down by about one percent after China said his

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<v Speaker 3>preliminary probe found that Nvidia violated an anti monopoly law

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<v Speaker 3>with his acquisition of Melanox Technologies. So, I mean, this

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<v Speaker 3>story just keeps showing us done. Nvidia really keeps taking

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<v Speaker 3>heat from the Chinese here as the US China trade

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<v Speaker 3>dooks continue in Madrid, and as the yours government has

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<v Speaker 3>settled for that fifteen percent commission on China sales already,

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<v Speaker 3>Treasury Secretary Besson said that officials discuss the poor timing

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<v Speaker 3>of this announcement, and you know, foreign VideA investors are

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<v Speaker 3>just going to have to grasp to what this means

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<v Speaker 3>for the company in the longer run, because remember they

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<v Speaker 3>have not been able to resume those sales in China

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<v Speaker 3>after they initially were banned. Than they were able to

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<v Speaker 3>get permits, but for a cost. But at the same time,

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<v Speaker 3>the Chinese has already have already pushed their local companies

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<v Speaker 3>to avoid Nvidia products, so it's very interesting to see

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<v Speaker 3>how that will play out for their Chinese outlook. Well.

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<v Speaker 3>With the stocks up more than thirty percent here today,

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<v Speaker 3>the stakes are suddenly high here.

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<v Speaker 1>They have been for a while, and you're looking at

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<v Speaker 1>another chip maker, Intel. It's fortunes, of course, moving in

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<v Speaker 1>a different direction than in videos.

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<v Speaker 3>In different direction. This morning as well, the shares are

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<v Speaker 3>up of four percent. Ticker is I and TC. They

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<v Speaker 3>lowered their twenty twenty five expence target following the closing

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<v Speaker 3>of their Altura equity stake to silver Lake, and now

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<v Speaker 3>they're saying that three quarter results will reflect that they

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<v Speaker 3>trimmed their operating expense target to sixteen point eight billion

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<v Speaker 3>from seventeen billion. Also reiter rated their twenty six target.

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<v Speaker 3>And this is an important announcement just because the traders

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<v Speaker 3>are so focused on expenses for this company as the

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<v Speaker 3>new CEO is trying to stable as the company turn

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<v Speaker 3>the ship around sharpen his competitive position in the AI race.

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<v Speaker 3>So this news today adds to its momentum stock hire

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<v Speaker 3>by about by more than twenty percent this year, so

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<v Speaker 3>this will only add to those games.

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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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