Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some of the stocks on
Speaker 2: the move today. We can do that with Bloomberg Tatchena Dari, gotcha,
Speaker 2: what are looking at?
Speaker 3: I'm looking at a tree off tech stocks today, and
Speaker 3: we'll kick it off with Nvidia, which is up about
Speaker 3: two percent, recovering or one point five rather recovering nicely
Speaker 3: from that sell of yesterday. But the important news that
Speaker 3: crossed earlier today was that Chinese regulators have blocked by
Speaker 3: Dance from using nvideo chips and new data centers in
Speaker 3: a recent months. And that's important because this company bought
Speaker 3: more Nvidian chips than any other Chinese company in twenty
Speaker 3: twenty five, the Information reports, and it signals a tougher
Speaker 3: stance for China at the time when officials are still
Speaker 3: discussing whether to ease those restrictions that the CEO has
Speaker 3: really really a lot bit for. So this is not
Speaker 3: bothering the market today and now, because we know Nvidia
Speaker 3: has more demand they then supply at this point. But
Speaker 3: it remains a lingering question for this stock longer term.
Speaker 3: What do we do when the world's most valuable company
Speaker 3: cannot access one of the largest markets out there.
Speaker 2: Yeah, well, it seems like though the Greenland screen shows
Speaker 2: that you know, Mark is not bothered by this today, right,
Speaker 2: let's talk about Greenland screen.
Speaker 1: Speaking of talk to us about Dell. What's going on.
Speaker 3: There Dell Technology. The struck is up five percent year
Speaker 3: tickers d E, l L, and they bring more positive
Speaker 3: news for the AI story. The company boosted its a
Speaker 3: full year forecast for shipments of its AI servers. These
Speaker 3: service are needed to support the current data center boom
Speaker 3: in the country, so it's a strong signal of demand
Speaker 3: for the AI story, particularly as this comes after just
Speaker 3: last month Dell roughly doubled its growth estimates in sales
Speaker 3: and profit for the next two years, so very very
Speaker 3: strong fundamentals there. On the cost side, they also bring
Speaker 3: good news in their operating margin, which has come at
Speaker 3: twelve point four period above estimates of eleven point two.
Speaker 3: And the company certainly could use some good news at
Speaker 3: this point as it has suffered quite the blow in
Speaker 3: the latest attach route. It's here today. Gain Now has
Speaker 3: been trimmed to about fourteen percent. In October, it was
Speaker 3: as high as nearly fifty.
Speaker 2: Rich go all the wealthy people in the world Bloomberg
Speaker 2: calculates their wealth. Nobody has a better analysis of personal
Speaker 2: wealth than rich go on Bloomberg. Michael Dell number nine,
Speaker 2: one hundred and fifty five point five billion dollars. It's
Speaker 2: been a good year for mister Dell's wealth, up thirty
Speaker 2: two billion dollars. Pretty solid, good for him. HPE Hewlett
Speaker 2: Packard Enterprises Hewlett Packard.
Speaker 3: The shares are about flat now, they've given up those
Speaker 3: earlier gains from this morning. There's a little bit of
Speaker 3: a mixed news coming from this company. Last night it
Speaker 3: announced a cloud contract with the Defense Department, which is
Speaker 3: technically good news, but it's also announcing a sweeping restructuring
Speaker 3: plan to eliminate about ten percent of its workforce globally
Speaker 3: as it's using AI to boost efficiency. And this is
Speaker 3: interesting because first we talk a lot about the downs
Speaker 3: with AI. Are company seeing value, yes or no? But
Speaker 3: at the same time we see people or companies rather
Speaker 3: cutting jobs, and the market is not taking this easily.
Speaker 3: The first reaction is always to see a stock decline
Speaker 3: and then the sort of the stock recovers as we
Speaker 3: realize this is ultimately a margin profit booster. But at
Speaker 3: the same time, I think it speaks to the question,
Speaker 3: what do we do when our labor market will be
Speaker 3: heavily impacted by more.
Speaker 2: I'm not buying it when people tell me, oh, it's
Speaker 2: not going to impact the label. I think it's impacted
Speaker 2: big time, negatively across many industries, if not all industurers.
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