Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Carol Messer along with Tim Stanevik. Let's get to
Speaker 1: some stocks on the move. We definitely did see some
Speaker 1: stocks at played today. Joining us right now is Bloomberg
Speaker 1: crosssor reporter Isabelle. She's joining us here in studio. Where
Speaker 1: are you beginning?
Speaker 3: Intel? Ah, they didn't have a great earnings. In fact,
Speaker 3: it was really not good. They gave lackluster forecast because
Speaker 3: supply shortages are making it harder to meet customer demands.
Speaker 3: So this is a disappointment because investors we're expecting a
Speaker 3: boost from the shares are down by more than six percent.
Speaker 3: They said first quarter revenue will be eleven point seven
Speaker 3: billion dollars to twelve point seven billion dollars, and the
Speaker 3: midpoint of that arrange fell short by analyst estimates, and
Speaker 3: the company expects to break even and earnings per share
Speaker 3: excluding items. But you know, I mean in Wall Street
Speaker 3: have projected a profit of eight cents a share.
Speaker 2: Yeah.
Speaker 1: I think it was interesting, right because they talked about
Speaker 1: we've got lots of demand. We can't need supply, but
Speaker 1: this one's been on a tear.
Speaker 3: It has been on a tear, but I feel like
Speaker 3: it's a once them dominant semiconduct their company that has
Speaker 3: been trying to get it its edge back and market
Speaker 3: share back, and this didn't help at all. So it's
Speaker 3: really not a good day for investors. Although their CEO
Speaker 3: said that our yield and production manufacturer not up to
Speaker 3: my standards. We need to improve that, So there is that.
Speaker 4: So to Carol's point, the stock was on a tear
Speaker 4: last year of eighty four percent by the end of
Speaker 4: the year. The company, though still off of those all
Speaker 4: time highs that were reached back in twenty twenty one.
Speaker 1: It's up forty seven percent year to date already. Yes, wow, okay,
Speaker 1: I know what you're saying. I know what you're saying.
Speaker 3: If you look five years and tell us down four percent,
Speaker 3: Nvidia is up, I know by one thousand percent? Am
Speaker 3: I seeing this correctly? It's like two hundred and forty seven.
Speaker 1: Percent Now, it's the changing dynamics that we've seen, certainly
Speaker 1: because of the A story. But I've in find Seth
Speaker 1: who joined us earlier from Tigress. He is optimistic about
Speaker 1: what he's seeing from Intel and what lip Bhutan is doing.
Speaker 4: And just a quick correction, looks like market cap peaked
Speaker 4: in the year two thousand. For Intel, it's still down.
Speaker 4: It'said about two hundred and seventy million billion dollar market
Speaker 4: cap right now. Back in two thousand, it was at
Speaker 4: four hundred and forty seven billion.
Speaker 1: From Intel to Nvidio. We go, because that is another
Speaker 1: one you're watching.
Speaker 3: Stop closed eight ten to one percent there again under
Speaker 3: the spotlight. This time, Congress is one step closer to
Speaker 3: gaining authority to review AI chip sales to China. We
Speaker 3: have been talking about this, but this move is likely
Speaker 3: to open a riff for the Trump administration over plants
Speaker 3: to let in Video sell their powerful processors to, of course,
Speaker 3: the world's second largest economy. And we have also a
Speaker 3: second Bloomberg story that I found interesting, but it's kind
Speaker 3: of tangential, okay, just saying that the biggest tech and
Speaker 3: AI companies spent more than one hundred million dollars lobbying
Speaker 3: last year. Meta leading all the tech companies and tech
Speaker 3: leaders like Mark Zuckerberg and in Video CEO Jensen have
Speaker 3: built relationships with Trump.
Speaker 4: Can we can we talk about Netflix? Because I want
Speaker 4: to talk about something. What's going to be on Netflix?
Speaker 3: Okay?
Speaker 4: What's going on with Netflix?
Speaker 3: Down by two and a half percent, The streaming video
Speaker 3: company extended the recent sell off. It's down for the
Speaker 3: sixth straight session and close to the lowest and more
Speaker 3: than a year. Again. The weakness followed the company's results.
Speaker 3: So I don't feel it because I watch Netflix all
Speaker 3: the time.
Speaker 4: You do watch Netflix all the time? Are you going
Speaker 4: to watch it Friday at eight pm Eastern time? Do
Speaker 4: you know what's going on?
Speaker 1: No?
Speaker 3: I'm just saying yesh's going Okay.
Speaker 4: So Netflix is doing this live broadcast. Alex Honald he's
Speaker 4: like the rock climber who doesn't use ropes. He climbed
Speaker 4: El Capatan a few years ago. There was that movie
Speaker 4: about him. Oh yeah, yeah, He's going to climb this
Speaker 4: tower that's more than sixteen hundred feet tall Type one
Speaker 4: oh one in Taiwan without ropes.
Speaker 3: Wait, so this is not my thing, tim, I wonder
Speaker 3: after that he landed safe?
Speaker 4: So this is in really free solo. Thank you are
Speaker 4: for reminding me about that.
Speaker 1: Time we're gonna be watching him?
Speaker 3: No, no, no, I'm the type who googles the ending
Speaker 3: of movies I watch.
Speaker 4: Oh no, I think he'll be I think he'll be.
Speaker 3: Okay, Yeah, okay, Yeah.
Speaker 4: I think he'll be okay.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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