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 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Isabelle Lee on a
Speaker 3: chip recovery morning. Isabelle, A lot of the most actively
Speaker 3: traded stocks this morning are in the chip space, and
Speaker 3: they are in the green. Good morning, Good morning.
Speaker 1: They are indeed in the green. So we're looking at video.
Speaker 1: We have to talk about Nvidia, and the stock is
Speaker 1: actually now up by more than one percent in pre
Speaker 1: market trade, which is interesting because the shares have fallen
Speaker 1: in seven street sessions. That is the longest run of
Speaker 1: loss since twenty twenty two. And a lot of investors
Speaker 1: are becoming worried because tomorrow is, of course the earnings
Speaker 1: day for Video. Remember when that used to be such
Speaker 1: a big thing. We would have a watch party.
Speaker 3: I know, I always ask every time the earnings come up.
Speaker 3: It's still as big a deal as it used to be.
Speaker 3: And a lot of the analysts I talked to her
Speaker 3: like yeah, I mean this drives the AI trade still It.
Speaker 1: Definitely still is, and I think that people still forget
Speaker 1: that it's still a cash cow. Analysts estimate that revenue
Speaker 1: nearly doubled in the last quarter. That's more than any
Speaker 1: of its rivals in the full year. Sure, competition is
Speaker 1: heating up. We're seeing a growing number of upstarts, but
Speaker 1: it's still the star, although it has dimmed. On Wall Street,
Speaker 1: shares have climb fifteen percent in twenty twenty six. But again,
Speaker 1: the Philadelphia Stock Exchange Semiconductor Index or the socks has
Speaker 1: gained sixty six percent, So there is that bag of America.
Speaker 1: Last week did say that it's still a compelling opportunity
Speaker 1: to buy. But I want to touch on your software
Speaker 1: sell off. We are seeing a bit of that weakness there.
Speaker 1: I mean, since hitting a near term low on July
Speaker 1: twenty three, the Software sector index has edged higher eighteen percent,
Speaker 1: but that gain has still has since softened. But I mean,
Speaker 1: it's still AI world and we're all living in it, honestly,
Speaker 1: isn't it?
Speaker 2: Though?
Speaker 3: And that leads to the next stock because SpaceX certainly
Speaker 3: wants to be a big player in the AI trade.
Speaker 3: What's happening with SpaceX this morning?
Speaker 1: SpaceX the stock is up by around one and a
Speaker 1: half percent in pre market trade, So I mean, yes
Speaker 1: to your point. A lot of their first AI satellites
Speaker 1: are powered by AI chips from Nvidia, but the news
Speaker 1: today is kind of unrelated to that. Elamas said that
Speaker 1: they will launch in the fourth quarter their first satellite,
Speaker 1: so he also said that it will hit quote significant
Speaker 1: scale in twenty twenty eight, so obviously he posted this
Speaker 1: on X He said that, of course, where else he
Speaker 1: said that this will be a significantly simpler, lower cost,
Speaker 1: denser and lighter than a traditional rack, So we'll see.
Speaker 1: I mean, Ela Musk has had a bumpy track record
Speaker 1: as of eight when it comes to these launches, but
Speaker 1: it's still spectacular what he's doing, I guess. I mean
Speaker 1: you're seeing these things shoot up to the.
Speaker 3: Sky absolutely and landing on barges and yes, trying to
Speaker 3: get orbital data centers up at some point.
Speaker 1: Yeah, and they've launched with a FCC approval to launch
Speaker 1: a network of as many as one million satellites to
Speaker 1: do computing for AI.
Speaker 3: Just time to tell us what's happening with Apple. I
Speaker 3: guess they're coming out with Macmini again.
Speaker 1: Yes, you see the stock kind of softer in pre
Speaker 1: market trade, down by two tens of one percent. It's
Speaker 1: a mini MacBook. I don't think I've ever had a
Speaker 1: mini MacBook. I've just had a normal MacBook.
Speaker 3: But you just have an iPhone.
Speaker 1: That's how you do it. You know, the saying that
Speaker 1: gen Z does things in iPhone and millennials do it
Speaker 1: in laptop. So you're gen Z. Yeah, yeah, you're gen Z.
Speaker 3: My gen Z daughter calls me a screenage or guilty
Speaker 3: as charged.
Speaker 2: Thank you.
Speaker 1: This is the first and two years, so it's a
Speaker 1: big deal.
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