1 00:00:02,520 --> 00:00:09,959 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,480 --> 00:00:17,799 Speaker 2: Let's take a look at some of the stocks on 5 00:00:17,840 --> 00:00:20,680 Speaker 2: the move today. We can do that with Bloomberg Tatchena Dari, gotcha, 6 00:00:20,800 --> 00:00:21,280 Speaker 2: what are looking at? 7 00:00:21,640 --> 00:00:23,840 Speaker 3: I'm looking at a tree off tech stocks today, and 8 00:00:23,840 --> 00:00:26,960 Speaker 3: we'll kick it off with Nvidia, which is up about 9 00:00:27,080 --> 00:00:30,720 Speaker 3: two percent, recovering or one point five rather recovering nicely 10 00:00:30,760 --> 00:00:33,400 Speaker 3: from that sell of yesterday. But the important news that 11 00:00:33,520 --> 00:00:38,479 Speaker 3: crossed earlier today was that Chinese regulators have blocked by 12 00:00:38,560 --> 00:00:41,800 Speaker 3: Dance from using nvideo chips and new data centers in 13 00:00:41,960 --> 00:00:45,360 Speaker 3: a recent months. And that's important because this company bought 14 00:00:45,440 --> 00:00:48,640 Speaker 3: more Nvidian chips than any other Chinese company in twenty 15 00:00:48,680 --> 00:00:51,960 Speaker 3: twenty five, the Information reports, and it signals a tougher 16 00:00:52,040 --> 00:00:54,920 Speaker 3: stance for China at the time when officials are still 17 00:00:54,920 --> 00:00:59,200 Speaker 3: discussing whether to ease those restrictions that the CEO has 18 00:00:59,280 --> 00:01:01,560 Speaker 3: really really a lot bit for. So this is not 19 00:01:01,800 --> 00:01:04,720 Speaker 3: bothering the market today and now, because we know Nvidia 20 00:01:04,760 --> 00:01:09,399 Speaker 3: has more demand they then supply at this point. But 21 00:01:09,480 --> 00:01:12,360 Speaker 3: it remains a lingering question for this stock longer term. 22 00:01:12,520 --> 00:01:15,400 Speaker 3: What do we do when the world's most valuable company 23 00:01:15,480 --> 00:01:18,520 Speaker 3: cannot access one of the largest markets out there. 24 00:01:18,640 --> 00:01:20,839 Speaker 2: Yeah, well, it seems like though the Greenland screen shows 25 00:01:20,840 --> 00:01:23,320 Speaker 2: that you know, Mark is not bothered by this today, right, 26 00:01:24,160 --> 00:01:25,720 Speaker 2: let's talk about Greenland screen. 27 00:01:25,840 --> 00:01:28,200 Speaker 1: Speaking of talk to us about Dell. What's going on. 28 00:01:28,160 --> 00:01:31,160 Speaker 3: There Dell Technology. The struck is up five percent year 29 00:01:31,240 --> 00:01:34,880 Speaker 3: tickers d E, l L, and they bring more positive 30 00:01:34,880 --> 00:01:38,000 Speaker 3: news for the AI story. The company boosted its a 31 00:01:38,040 --> 00:01:41,440 Speaker 3: full year forecast for shipments of its AI servers. These 32 00:01:41,480 --> 00:01:44,080 Speaker 3: service are needed to support the current data center boom 33 00:01:44,080 --> 00:01:46,560 Speaker 3: in the country, so it's a strong signal of demand 34 00:01:46,680 --> 00:01:50,120 Speaker 3: for the AI story, particularly as this comes after just 35 00:01:50,240 --> 00:01:54,120 Speaker 3: last month Dell roughly doubled its growth estimates in sales 36 00:01:54,160 --> 00:01:56,680 Speaker 3: and profit for the next two years, so very very 37 00:01:56,680 --> 00:02:00,520 Speaker 3: strong fundamentals there. On the cost side, they also bring 38 00:02:00,600 --> 00:02:04,880 Speaker 3: good news in their operating margin, which has come at 39 00:02:05,080 --> 00:02:09,560 Speaker 3: twelve point four period above estimates of eleven point two. 40 00:02:09,919 --> 00:02:12,880 Speaker 3: And the company certainly could use some good news at 41 00:02:12,880 --> 00:02:15,480 Speaker 3: this point as it has suffered quite the blow in 42 00:02:15,560 --> 00:02:19,600 Speaker 3: the latest attach route. It's here today. Gain Now has 43 00:02:19,600 --> 00:02:22,320 Speaker 3: been trimmed to about fourteen percent. In October, it was 44 00:02:22,360 --> 00:02:24,160 Speaker 3: as high as nearly fifty. 45 00:02:24,200 --> 00:02:28,040 Speaker 2: Rich go all the wealthy people in the world Bloomberg 46 00:02:28,080 --> 00:02:32,160 Speaker 2: calculates their wealth. Nobody has a better analysis of personal 47 00:02:32,240 --> 00:02:35,640 Speaker 2: wealth than rich go on Bloomberg. Michael Dell number nine, 48 00:02:35,919 --> 00:02:38,680 Speaker 2: one hundred and fifty five point five billion dollars. It's 49 00:02:38,720 --> 00:02:40,960 Speaker 2: been a good year for mister Dell's wealth, up thirty 50 00:02:41,000 --> 00:02:45,440 Speaker 2: two billion dollars. Pretty solid, good for him. HPE Hewlett 51 00:02:45,560 --> 00:02:47,640 Speaker 2: Packard Enterprises Hewlett Packard. 52 00:02:47,880 --> 00:02:50,639 Speaker 3: The shares are about flat now, they've given up those 53 00:02:50,760 --> 00:02:53,840 Speaker 3: earlier gains from this morning. There's a little bit of 54 00:02:53,880 --> 00:02:57,040 Speaker 3: a mixed news coming from this company. Last night it 55 00:02:57,080 --> 00:02:59,760 Speaker 3: announced a cloud contract with the Defense Department, which is 56 00:03:00,000 --> 00:03:03,880 Speaker 3: technically good news, but it's also announcing a sweeping restructuring 57 00:03:03,919 --> 00:03:07,880 Speaker 3: plan to eliminate about ten percent of its workforce globally 58 00:03:08,000 --> 00:03:11,120 Speaker 3: as it's using AI to boost efficiency. And this is 59 00:03:11,160 --> 00:03:13,800 Speaker 3: interesting because first we talk a lot about the downs 60 00:03:13,840 --> 00:03:16,640 Speaker 3: with AI. Are company seeing value, yes or no? But 61 00:03:16,760 --> 00:03:19,239 Speaker 3: at the same time we see people or companies rather 62 00:03:19,520 --> 00:03:23,840 Speaker 3: cutting jobs, and the market is not taking this easily. 63 00:03:24,240 --> 00:03:27,239 Speaker 3: The first reaction is always to see a stock decline 64 00:03:27,600 --> 00:03:30,600 Speaker 3: and then the sort of the stock recovers as we 65 00:03:31,400 --> 00:03:35,760 Speaker 3: realize this is ultimately a margin profit booster. But at 66 00:03:35,760 --> 00:03:37,880 Speaker 3: the same time, I think it speaks to the question, 67 00:03:38,000 --> 00:03:41,240 Speaker 3: what do we do when our labor market will be 68 00:03:41,400 --> 00:03:42,760 Speaker 3: heavily impacted by more. 69 00:03:42,960 --> 00:03:44,600 Speaker 2: I'm not buying it when people tell me, oh, it's 70 00:03:44,640 --> 00:03:46,800 Speaker 2: not going to impact the label. I think it's impacted 71 00:03:46,880 --> 00:03:51,840 Speaker 2: big time, negatively across many industries, if not all industurers. 72 00:03:51,360 --> 00:03:56,400 Speaker 1: I say the Stock Movers report from Bloomberg Radio. Check 73 00:03:56,440 --> 00:03:58,760 Speaker 1: back with us throughout the day for the latest roundup 74 00:03:58,800 --> 00:04:01,760 Speaker 1: of companies making news on Wall Street and for the 75 00:04:01,840 --> 00:04:06,280 Speaker 1: latest market moving headlines. Listen to Bloomberg Radio Live, catch 76 00:04:06,320 --> 00:04:09,839 Speaker 1: us on YouTube, Bloomberg dot com, and on Applecarplay and 77 00:04:09,840 --> 00:04:12,240 Speaker 1: Android Auto with the Bloomberg Business app.