WEBVTT - Intel Falls on Earnings, Nvidia Rises, Netflix Slides 

0:00:02.480 --> 0:00:08.640
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

0:00:08.680 --> 0:00:12.520
<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

0:00:12.560 --> 0:00:15.840
<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

0:00:16.680 --> 0:00:18.880
<v Speaker 1>I'm Carol Messer along with Tim Stanevik. Let's get to

0:00:18.960 --> 0:00:21.400
<v Speaker 1>some stocks on the move. We definitely did see some

0:00:21.400 --> 0:00:23.880
<v Speaker 1>stocks at played today. Joining us right now is Bloomberg

0:00:23.920 --> 0:00:28.360
<v Speaker 1>crosssor reporter Isabelle. She's joining us here in studio. Where

0:00:28.360 --> 0:00:29.040
<v Speaker 1>are you beginning?

0:00:29.480 --> 0:00:32.400
<v Speaker 3>Intel? Ah, they didn't have a great earnings. In fact,

0:00:32.479 --> 0:00:35.200
<v Speaker 3>it was really not good. They gave lackluster forecast because

0:00:35.240 --> 0:00:38.600
<v Speaker 3>supply shortages are making it harder to meet customer demands.

0:00:38.640 --> 0:00:41.479
<v Speaker 3>So this is a disappointment because investors we're expecting a

0:00:41.479 --> 0:00:44.600
<v Speaker 3>boost from the shares are down by more than six percent.

0:00:44.880 --> 0:00:47.000
<v Speaker 3>They said first quarter revenue will be eleven point seven

0:00:47.040 --> 0:00:49.600
<v Speaker 3>billion dollars to twelve point seven billion dollars, and the

0:00:49.640 --> 0:00:52.479
<v Speaker 3>midpoint of that arrange fell short by analyst estimates, and

0:00:52.479 --> 0:00:54.920
<v Speaker 3>the company expects to break even and earnings per share

0:00:54.960 --> 0:00:57.640
<v Speaker 3>excluding items. But you know, I mean in Wall Street

0:00:57.640 --> 0:01:00.120
<v Speaker 3>have projected a profit of eight cents a share.

0:01:00.320 --> 0:01:00.520
<v Speaker 2>Yeah.

0:01:00.560 --> 0:01:02.360
<v Speaker 1>I think it was interesting, right because they talked about

0:01:02.400 --> 0:01:05.240
<v Speaker 1>we've got lots of demand. We can't need supply, but

0:01:05.319 --> 0:01:06.520
<v Speaker 1>this one's been on a tear.

0:01:07.080 --> 0:01:08.720
<v Speaker 3>It has been on a tear, but I feel like

0:01:08.760 --> 0:01:11.479
<v Speaker 3>it's a once them dominant semiconduct their company that has

0:01:11.560 --> 0:01:13.920
<v Speaker 3>been trying to get it its edge back and market

0:01:13.920 --> 0:01:17.800
<v Speaker 3>share back, and this didn't help at all. So it's

0:01:17.840 --> 0:01:21.360
<v Speaker 3>really not a good day for investors. Although their CEO

0:01:21.480 --> 0:01:23.760
<v Speaker 3>said that our yield and production manufacturer not up to

0:01:23.800 --> 0:01:26.720
<v Speaker 3>my standards. We need to improve that, So there is that.

0:01:26.920 --> 0:01:30.360
<v Speaker 4>So to Carol's point, the stock was on a tear

0:01:30.440 --> 0:01:33.200
<v Speaker 4>last year of eighty four percent by the end of

0:01:33.240 --> 0:01:37.039
<v Speaker 4>the year. The company, though still off of those all

0:01:37.080 --> 0:01:39.960
<v Speaker 4>time highs that were reached back in twenty twenty one.

0:01:40.880 --> 0:01:44.600
<v Speaker 1>It's up forty seven percent year to date already. Yes, wow, okay,

0:01:45.600 --> 0:01:47.600
<v Speaker 1>I know what you're saying. I know what you're saying.

0:01:48.520 --> 0:01:51.440
<v Speaker 3>If you look five years and tell us down four percent,

0:01:51.600 --> 0:01:54.560
<v Speaker 3>Nvidia is up, I know by one thousand percent? Am

0:01:54.560 --> 0:01:57.120
<v Speaker 3>I seeing this correctly? It's like two hundred and forty seven.

0:01:56.920 --> 0:01:59.360
<v Speaker 1>Percent Now, it's the changing dynamics that we've seen, certainly

0:01:59.400 --> 0:02:01.880
<v Speaker 1>because of the A story. But I've in find Seth

0:02:01.880 --> 0:02:05.040
<v Speaker 1>who joined us earlier from Tigress. He is optimistic about

0:02:05.040 --> 0:02:07.480
<v Speaker 1>what he's seeing from Intel and what lip Bhutan is doing.

0:02:07.520 --> 0:02:09.800
<v Speaker 4>And just a quick correction, looks like market cap peaked

0:02:09.840 --> 0:02:13.560
<v Speaker 4>in the year two thousand. For Intel, it's still down.

0:02:13.600 --> 0:02:16.200
<v Speaker 4>It'said about two hundred and seventy million billion dollar market

0:02:16.200 --> 0:02:19.560
<v Speaker 4>cap right now. Back in two thousand, it was at

0:02:19.560 --> 0:02:20.880
<v Speaker 4>four hundred and forty seven billion.

0:02:20.919 --> 0:02:23.400
<v Speaker 1>From Intel to Nvidio. We go, because that is another

0:02:23.400 --> 0:02:24.079
<v Speaker 1>one you're watching.

0:02:24.360 --> 0:02:26.960
<v Speaker 3>Stop closed eight ten to one percent there again under

0:02:26.960 --> 0:02:29.400
<v Speaker 3>the spotlight. This time, Congress is one step closer to

0:02:29.440 --> 0:02:32.520
<v Speaker 3>gaining authority to review AI chip sales to China. We

0:02:32.600 --> 0:02:35.400
<v Speaker 3>have been talking about this, but this move is likely

0:02:35.400 --> 0:02:37.800
<v Speaker 3>to open a riff for the Trump administration over plants

0:02:37.840 --> 0:02:41.400
<v Speaker 3>to let in Video sell their powerful processors to, of course,

0:02:41.400 --> 0:02:44.519
<v Speaker 3>the world's second largest economy. And we have also a

0:02:44.560 --> 0:02:47.000
<v Speaker 3>second Bloomberg story that I found interesting, but it's kind

0:02:47.000 --> 0:02:49.679
<v Speaker 3>of tangential, okay, just saying that the biggest tech and

0:02:49.720 --> 0:02:52.520
<v Speaker 3>AI companies spent more than one hundred million dollars lobbying

0:02:52.639 --> 0:02:56.200
<v Speaker 3>last year. Meta leading all the tech companies and tech

0:02:56.280 --> 0:03:00.400
<v Speaker 3>leaders like Mark Zuckerberg and in Video CEO Jensen have

0:03:00.480 --> 0:03:01.800
<v Speaker 3>built relationships with Trump.

0:03:01.880 --> 0:03:03.760
<v Speaker 4>Can we can we talk about Netflix? Because I want

0:03:03.760 --> 0:03:05.480
<v Speaker 4>to talk about something. What's going to be on Netflix?

0:03:06.040 --> 0:03:06.280
<v Speaker 3>Okay?

0:03:06.400 --> 0:03:07.440
<v Speaker 4>What's going on with Netflix?

0:03:07.480 --> 0:03:09.720
<v Speaker 3>Down by two and a half percent, The streaming video

0:03:09.800 --> 0:03:11.919
<v Speaker 3>company extended the recent sell off. It's down for the

0:03:12.040 --> 0:03:15.040
<v Speaker 3>sixth straight session and close to the lowest and more

0:03:15.040 --> 0:03:18.240
<v Speaker 3>than a year. Again. The weakness followed the company's results.

0:03:18.280 --> 0:03:20.639
<v Speaker 3>So I don't feel it because I watch Netflix all

0:03:20.639 --> 0:03:20.919
<v Speaker 3>the time.

0:03:20.960 --> 0:03:22.360
<v Speaker 4>You do watch Netflix all the time? Are you going

0:03:22.400 --> 0:03:25.679
<v Speaker 4>to watch it Friday at eight pm Eastern time? Do

0:03:25.720 --> 0:03:26.400
<v Speaker 4>you know what's going on?

0:03:26.720 --> 0:03:26.840
<v Speaker 1>No?

0:03:26.880 --> 0:03:29.200
<v Speaker 3>I'm just saying yesh's going Okay.

0:03:29.000 --> 0:03:33.760
<v Speaker 4>So Netflix is doing this live broadcast. Alex Honald he's

0:03:33.840 --> 0:03:38.120
<v Speaker 4>like the rock climber who doesn't use ropes. He climbed

0:03:38.120 --> 0:03:40.560
<v Speaker 4>El Capatan a few years ago. There was that movie

0:03:40.600 --> 0:03:44.520
<v Speaker 4>about him. Oh yeah, yeah, He's going to climb this

0:03:44.880 --> 0:03:48.640
<v Speaker 4>tower that's more than sixteen hundred feet tall Type one

0:03:48.680 --> 0:03:51.480
<v Speaker 4>oh one in Taiwan without ropes.

0:03:51.560 --> 0:03:54.320
<v Speaker 3>Wait, so this is not my thing, tim, I wonder

0:03:54.640 --> 0:03:56.120
<v Speaker 3>after that he landed safe?

0:03:56.640 --> 0:03:58.520
<v Speaker 4>So this is in really free solo. Thank you are

0:03:58.640 --> 0:03:59.600
<v Speaker 4>for reminding me about that.

0:04:00.240 --> 0:04:01.400
<v Speaker 1>Time we're gonna be watching him?

0:04:02.920 --> 0:04:05.640
<v Speaker 3>No, no, no, I'm the type who googles the ending

0:04:05.720 --> 0:04:06.920
<v Speaker 3>of movies I watch.

0:04:07.200 --> 0:04:10.360
<v Speaker 4>Oh no, I think he'll be I think he'll be.

0:04:10.320 --> 0:04:13.080
<v Speaker 3>Okay, Yeah, okay, Yeah.

0:04:12.480 --> 0:04:14.280
<v Speaker 4>I think he'll be okay.

0:04:15.160 --> 0:04:19.200
<v Speaker 2>This stock Movers report from Bloomberg Radio. Check back with

0:04:19.279 --> 0:04:21.880
<v Speaker 2>us throughout the day for the latest roundup of companies

0:04:21.920 --> 0:04:25.040
<v Speaker 2>making news on Wall Street and for the latest market

0:04:25.040 --> 0:04:29.520
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:04:29.640 --> 0:04:33.120
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:04:33.200 --> 0:04:34.679
<v Speaker 2>the Bloomberg Business app.