WEBVTT - Nvidia Climbs Ahead of Earnings; SpaceX Up; Apple Mac Mini

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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 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Isabelle Lee on a

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<v Speaker 3>chip recovery morning. Isabelle, A lot of the most actively

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<v Speaker 3>traded stocks this morning are in the chip space, and

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<v Speaker 3>they are in the green. Good morning, Good morning.

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<v Speaker 1>They are indeed in the green. So we're looking at video.

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<v Speaker 1>We have to talk about Nvidia, and the stock is

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<v Speaker 1>actually now up by more than one percent in pre

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<v Speaker 1>market trade, which is interesting because the shares have fallen

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<v Speaker 1>in seven street sessions. That is the longest run of

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<v Speaker 1>loss since twenty twenty two. And a lot of investors

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<v Speaker 1>are becoming worried because tomorrow is, of course the earnings

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<v Speaker 1>day for Video. Remember when that used to be such

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<v Speaker 1>a big thing. We would have a watch party.

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<v Speaker 3>I know, I always ask every time the earnings come up.

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<v Speaker 3>It's still as big a deal as it used to be.

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<v Speaker 3>And a lot of the analysts I talked to her

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<v Speaker 3>like yeah, I mean this drives the AI trade still It.

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<v Speaker 1>Definitely still is, and I think that people still forget

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<v Speaker 1>that it's still a cash cow. Analysts estimate that revenue

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<v Speaker 1>nearly doubled in the last quarter. That's more than any

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<v Speaker 1>of its rivals in the full year. Sure, competition is

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<v Speaker 1>heating up. We're seeing a growing number of upstarts, but

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<v Speaker 1>it's still the star, although it has dimmed. On Wall Street,

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<v Speaker 1>shares have climb fifteen percent in twenty twenty six. But again,

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<v Speaker 1>the Philadelphia Stock Exchange Semiconductor Index or the socks has

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<v Speaker 1>gained sixty six percent, So there is that bag of America.

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<v Speaker 1>Last week did say that it's still a compelling opportunity

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<v Speaker 1>to buy. But I want to touch on your software

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<v Speaker 1>sell off. We are seeing a bit of that weakness there.

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<v Speaker 1>I mean, since hitting a near term low on July

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<v Speaker 1>twenty three, the Software sector index has edged higher eighteen percent,

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<v Speaker 1>but that gain has still has since softened. But I mean,

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<v Speaker 1>it's still AI world and we're all living in it, honestly,

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<v Speaker 1>isn't it?

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<v Speaker 2>Though?

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<v Speaker 3>And that leads to the next stock because SpaceX certainly

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<v Speaker 3>wants to be a big player in the AI trade.

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<v Speaker 3>What's happening with SpaceX this morning?

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<v Speaker 1>SpaceX the stock is up by around one and a

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<v Speaker 1>half percent in pre market trade, So I mean, yes

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<v Speaker 1>to your point. A lot of their first AI satellites

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<v Speaker 1>are powered by AI chips from Nvidia, but the news

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<v Speaker 1>today is kind of unrelated to that. Elamas said that

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<v Speaker 1>they will launch in the fourth quarter their first satellite,

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<v Speaker 1>so he also said that it will hit quote significant

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<v Speaker 1>scale in twenty twenty eight, so obviously he posted this

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<v Speaker 1>on X He said that, of course, where else he

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<v Speaker 1>said that this will be a significantly simpler, lower cost,

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<v Speaker 1>denser and lighter than a traditional rack, So we'll see.

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<v Speaker 1>I mean, Ela Musk has had a bumpy track record

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<v Speaker 1>as of eight when it comes to these launches, but

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<v Speaker 1>it's still spectacular what he's doing, I guess. I mean

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<v Speaker 1>you're seeing these things shoot up to the.

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<v Speaker 3>Sky absolutely and landing on barges and yes, trying to

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<v Speaker 3>get orbital data centers up at some point.

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<v Speaker 1>Yeah, and they've launched with a FCC approval to launch

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<v Speaker 1>a network of as many as one million satellites to

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<v Speaker 1>do computing for AI.

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<v Speaker 3>Just time to tell us what's happening with Apple. I

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<v Speaker 3>guess they're coming out with Macmini again.

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<v Speaker 1>Yes, you see the stock kind of softer in pre

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<v Speaker 1>market trade, down by two tens of one percent. It's

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<v Speaker 1>a mini MacBook. I don't think I've ever had a

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<v Speaker 1>mini MacBook. I've just had a normal MacBook.

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<v Speaker 3>But you just have an iPhone.

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<v Speaker 1>That's how you do it. You know, the saying that

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<v Speaker 1>gen Z does things in iPhone and millennials do it

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<v Speaker 1>in laptop. So you're gen Z. Yeah, yeah, you're gen Z.

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<v Speaker 3>My gen Z daughter calls me a screenage or guilty

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<v Speaker 3>as charged.

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<v Speaker 2>Thank you.

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<v Speaker 1>This is the first and two years, so it's a

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<v Speaker 1>big deal.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Back with us

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