WEBVTT - Nvidia Down, AMC Tumbles, Carnival Falls on Weak 3Q Outlook

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market. Harnessing the power of Bloomberg data.

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move today. We can do that with Bloomberg.

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<v Speaker 4>What are you looking at, Good morning, Paul, I'm looking

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<v Speaker 4>at Nvidia, So Scarlett, to add to what you had

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<v Speaker 4>mentioned about South Korea, the tech heavy Costly Index fell

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<v Speaker 4>about ten percent and that really impacted a lot of

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<v Speaker 4>semiconductor AI memory stock companies. But Nvidia certainly has taken

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<v Speaker 4>a hit as well. It's down as much as four

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<v Speaker 4>percent on the day, and all other sort of AI

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<v Speaker 4>chip makers memory stocks are also falling in sympathy. So

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<v Speaker 4>we've got in addition to Nvidia ticker NVDA, we also

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<v Speaker 4>have Marvel Technology ticker m RVL, Qualcom q c M,

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<v Speaker 4>and sand Disk SNDK also falling in sympathy.

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<v Speaker 1>So all right, so a lot of red in that

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<v Speaker 1>big tech sector. Next up is something not necessarily an

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<v Speaker 1>entertainment but definitely a member of the meme stock club.

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<v Speaker 4>Absolutely so AMC Entertainment is falling as much as thirty

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<v Speaker 4>percent in trading today, and that's on track for the

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<v Speaker 4>largest intra day drop since May twenty twenty four. And

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<v Speaker 4>this is coming amid news of an equity sale of

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<v Speaker 4>ninety five million shares for proceeds of around two hundred

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<v Speaker 4>million dollars and the company is primarily looking to de

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<v Speaker 4>leverage a bit of their dot but Bloomberg Intelligence analysts

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<v Speaker 4>are noting that this move puts dilution concerns at the forefront,

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<v Speaker 4>suggesting there is close to a fifteen percent dilution effect

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<v Speaker 4>for common shareholders. So definitely an area to watch here

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<v Speaker 4>for AMC Entertainment.

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<v Speaker 3>Yeah, our shareholder, I'd not be happy. This is a

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<v Speaker 3>cheesy move, I think, but it happens. But you Roth

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<v Speaker 3>Capital Management did the deal, so that also tells you something.

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<v Speaker 3>But again, some dilution there. But when your stock had

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<v Speaker 3>that run, why not take some money here?

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<v Speaker 2>All right?

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<v Speaker 3>What else you get?

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<v Speaker 4>Sure? Lastly, if that Carnival Corp. The cruise line operator.

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<v Speaker 4>They released their earnings earlier this morning and the stock

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<v Speaker 4>is now down as much as eleven percent on the day,

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<v Speaker 4>and it is now on track for its largest intra

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<v Speaker 4>day drop in about three months. And so while the

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<v Speaker 4>company's revenue beat expect sorry, excuse me, fell short of

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<v Speaker 4>the analyst expectations. It is at a record for the

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<v Speaker 4>company themselves. And also we noted that Carnival cut its

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<v Speaker 4>full year net yield outlook, and so it's really interesting

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<v Speaker 4>to us as a litmus for the impact of tumbling

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<v Speaker 4>oil prices on the cruise and travel industry. So keeping

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<v Speaker 4>an eye on Carnival Cruise in terms of investor response

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<v Speaker 4>to their earnings.

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<v Speaker 2>This morning this stock mover's report from Bloomberg Radio. Check

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