WEBVTT - Figma Rises, Cerebras Roars After Year's Biggest IPO, Cisco Jumps Most Since 2011

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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>I'm Carl Masser along with Tim Stanwick. Let's get to

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<v Speaker 3>some stocks on the move with us is Bailey Lipshealtz

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<v Speaker 3>of Business News Bloomberg News. I should say covers IPOs,

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<v Speaker 3>covers the markets, covers a lot. Do you have an

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<v Speaker 3>official title?

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<v Speaker 4>I do have an I have multiple effic Markets Reporter,

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<v Speaker 4>Senior Equities Reporter, Deputy ecms are of the America's It's

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<v Speaker 4>like I'm an investment banker. I love that.

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<v Speaker 3>How then are somebody in academia? They always have lots

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<v Speaker 3>of titles. Anyway, we're so happy to have you here.

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<v Speaker 4>Where do you want to start? Can we start with

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<v Speaker 4>Figma because in post market so totally tiggr fig Uh

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<v Speaker 4>basically the creative software platform that went public last year.

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<v Speaker 4>If you guys remember this was a company that on

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<v Speaker 4>day one jumped I don't know, two hundred and fifty

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<v Speaker 4>percent member and it's still about forty percent below at

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<v Speaker 4>IPO price right now, but gaining, so it's up about

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<v Speaker 4>ten percent. This came after beating expectations giving a strong

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<v Speaker 4>forward forecast, we're seeing revenue between one point four to

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<v Speaker 4>two billion and one point four to three billion. Estimates

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<v Speaker 4>were for one point three seven billion. So this is

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<v Speaker 4>a company that really was damaged pretty sharply in concerns

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<v Speaker 4>around AI.

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<v Speaker 1>Ten point six billion dollars is the market cap. I'd

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<v Speaker 1>take you back to what just twenty twenty three was

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<v Speaker 1>that when Adobe was planning to buy Figma for twenty

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<v Speaker 1>billion dollars before the iPod everybody said, well, the regulatory pressure,

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<v Speaker 1>it didn't work out Rasource. When the company went public,

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<v Speaker 1>everyone was like, wow, it's so good. He didn't sell

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<v Speaker 1>to Don'tfield didn't sell to Adobe because he won have

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<v Speaker 1>only gotten twenty billion dollars. Market cap was way higher

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<v Speaker 1>after that. Now it's down to what ten and a

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<v Speaker 1>half billion?

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<v Speaker 4>Yeah, day one was it fifty six billions? Okay, you

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<v Speaker 4>look rebby smart for the day bypassing on a sale

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<v Speaker 4>and then throw the baby out with the bathwater. But

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<v Speaker 4>also just uncertainly again, AI is going to change the

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<v Speaker 4>way we do everything. Then who cares if you can

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<v Speaker 4>vibe code? I know you're a big vibe.

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<v Speaker 1>I tried, I tried filed. The vibes were not good vibes.

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<v Speaker 1>Bad vibes all right.

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<v Speaker 3>Some big numbers though from them in terms of what

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<v Speaker 3>they're expecting, so you can see the surprise. I will

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<v Speaker 3>say twenty two percent of the float is short. So yeah,

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<v Speaker 3>you wonder how much short covering. Let's go to the

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<v Speaker 3>big IPO today, Your world.

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<v Speaker 4>My world, Sarah bros. The AI chipmaker ticker CBRS raise

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<v Speaker 4>five five point five five million dollars, biggest ever semiiconductor.

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<v Speaker 4>IPO stock opened up eighty nine percent, closed up sixty

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<v Speaker 4>eight percent at one point, and doubled. This is a

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<v Speaker 4>company that bills itself as an Nvidia competitor, and it's

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<v Speaker 4>been interesting to track because they try to go public

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<v Speaker 4>a few years ago and a fraction of that, raise

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<v Speaker 4>money privately, ad a fraction of that, and now based

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<v Speaker 4>on their outstanding share sixty seven billion dollar market cap.

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<v Speaker 3>Yeah, that's a pretty big company out of the gate. Well, see,

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<v Speaker 3>I'm so curious to see what happens in tomorrow's trade

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<v Speaker 3>and then into next week. Let's go to a company,

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<v Speaker 3>big tech company, well known name, been around for a

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<v Speaker 3>long time since go had to kind of do some

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<v Speaker 3>a little bit of I don't want to see transformation,

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<v Speaker 3>but really think about kind of AI right, and that

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<v Speaker 3>seems to be very evident in the latest joarnings.

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<v Speaker 4>It's a company that went public back in nineteen nineties,

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<v Speaker 4>a new company, but rallying thirteen percent, closing in an

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<v Speaker 4>all time high if you bought it at ipo price

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<v Speaker 4>and held you up about one hundred and eighty five

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<v Speaker 4>thousand percent. But really, as you mentioned, rallying based on

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<v Speaker 4>their forecast, rebuilding themselves leaning into the AI infrastructure. So

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<v Speaker 4>we've been seeing pretty much any company under the sun

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<v Speaker 4>trying to sell that story. And it does seem like

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<v Speaker 4>Cisco as at least to some extent, hitting the nail

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<v Speaker 4>on the head, is leaning into being a network equipment

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<v Speaker 4>company that is built for the future of AI as

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<v Speaker 4>opposed to the company that built the Internet.

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<v Speaker 3>Some of it that many titles we should have given

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<v Speaker 3>in more time.

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<v Speaker 4>What's wrong with us?

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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<v Speaker 4>Mm hmm