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 3: Let's take a look at some of the stocks on
Speaker 3: the move today. We can do that with Bloomberg.
Speaker 4: What are you looking at, Good morning, Paul, I'm looking
Speaker 4: at Nvidia, So Scarlett, to add to what you had
Speaker 4: mentioned about South Korea, the tech heavy Costly Index fell
Speaker 4: about ten percent and that really impacted a lot of
Speaker 4: semiconductor AI memory stock companies. But Nvidia certainly has taken
Speaker 4: a hit as well. It's down as much as four
Speaker 4: percent on the day, and all other sort of AI
Speaker 4: chip makers memory stocks are also falling in sympathy. So
Speaker 4: we've got in addition to Nvidia ticker NVDA, we also
Speaker 4: have Marvel Technology ticker m RVL, Qualcom q c M,
Speaker 4: and sand Disk SNDK also falling in sympathy.
Speaker 1: So all right, so a lot of red in that
Speaker 1: big tech sector. Next up is something not necessarily an
Speaker 1: entertainment but definitely a member of the meme stock club.
Speaker 4: Absolutely so AMC Entertainment is falling as much as thirty
Speaker 4: percent in trading today, and that's on track for the
Speaker 4: largest intra day drop since May twenty twenty four. And
Speaker 4: this is coming amid news of an equity sale of
Speaker 4: ninety five million shares for proceeds of around two hundred
Speaker 4: million dollars and the company is primarily looking to de
Speaker 4: leverage a bit of their dot but Bloomberg Intelligence analysts
Speaker 4: are noting that this move puts dilution concerns at the forefront,
Speaker 4: suggesting there is close to a fifteen percent dilution effect
Speaker 4: for common shareholders. So definitely an area to watch here
Speaker 4: for AMC Entertainment.
Speaker 3: Yeah, our shareholder, I'd not be happy. This is a
Speaker 3: cheesy move, I think, but it happens. But you Roth
Speaker 3: Capital Management did the deal, so that also tells you something.
Speaker 3: But again, some dilution there. But when your stock had
Speaker 3: that run, why not take some money here?
Speaker 2: All right?
Speaker 3: What else you get?
Speaker 4: Sure? Lastly, if that Carnival Corp. The cruise line operator.
Speaker 4: They released their earnings earlier this morning and the stock
Speaker 4: is now down as much as eleven percent on the day,
Speaker 4: and it is now on track for its largest intra
Speaker 4: day drop in about three months. And so while the
Speaker 4: company's revenue beat expect sorry, excuse me, fell short of
Speaker 4: the analyst expectations. It is at a record for the
Speaker 4: company themselves. And also we noted that Carnival cut its
Speaker 4: full year net yield outlook, and so it's really interesting
Speaker 4: to us as a litmus for the impact of tumbling
Speaker 4: oil prices on the cruise and travel industry. So keeping
Speaker 4: an eye on Carnival Cruise in terms of investor response
Speaker 4: to their earnings.
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