1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,239 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,360 --> 00:00:18,880 Speaker 3: I'm Jim Stenebeck along with Carol Masser. Let's take a 5 00:00:18,880 --> 00:00:21,120 Speaker 3: look at some stocks on the move today. We're joined 6 00:00:21,120 --> 00:00:26,119 Speaker 3: by Bloomberg Television Markets correspondent Nora Melinda Noura. There is 7 00:00:26,160 --> 00:00:27,520 Speaker 3: a lot moving in the afternow. 8 00:00:27,520 --> 00:00:29,800 Speaker 4: Oh, I had so many to choose from today, very 9 00:00:29,960 --> 00:00:32,239 Speaker 4: nice and a lot of them actually being in the 10 00:00:32,240 --> 00:00:35,280 Speaker 4: tech space. I'm looking at shares of Nokia. They ended 11 00:00:35,360 --> 00:00:38,320 Speaker 4: up about twenty two percent. This is the ADRs ticker 12 00:00:38,400 --> 00:00:41,200 Speaker 4: in Okay, the best place since twenty twenty one. Of course, 13 00:00:41,240 --> 00:00:43,959 Speaker 4: we know the stock was earlier halted for volatility. This 14 00:00:44,000 --> 00:00:46,479 Speaker 4: is after the announcement that in Vidia will be investing 15 00:00:46,560 --> 00:00:49,559 Speaker 4: one billion dollars in the company. Of course, this is 16 00:00:49,560 --> 00:00:52,640 Speaker 4: all in a push toward AI networking here and this 17 00:00:52,680 --> 00:00:56,120 Speaker 4: would give Nvidia a two point nine percent stake here 18 00:00:56,200 --> 00:00:59,240 Speaker 4: in the company. But you definitely are seeing these shares 19 00:00:59,360 --> 00:01:02,680 Speaker 4: ending higher and in video up about four point nine 20 00:01:02,800 --> 00:01:03,880 Speaker 4: percent to end the day. 21 00:01:04,080 --> 00:01:07,360 Speaker 1: Yeah, you definitely saw, I mean Nokia, the ADRs during 22 00:01:07,400 --> 00:01:10,240 Speaker 1: the day when the news hit, like stop trading because 23 00:01:10,240 --> 00:01:12,039 Speaker 1: we were waiting for that news to come out and 24 00:01:12,040 --> 00:01:15,319 Speaker 1: then just shut up like a rocket. Let's go to 25 00:01:15,480 --> 00:01:17,920 Speaker 1: one of the homebuilders that also reported results. 26 00:01:18,040 --> 00:01:21,080 Speaker 4: Yes, not a pretty look here. So we did see 27 00:01:21,120 --> 00:01:24,279 Speaker 4: shares that ended down three point two percent for Dr Horton. 28 00:01:24,600 --> 00:01:28,240 Speaker 4: That's tack your DHI. This is after incentives or really 29 00:01:28,280 --> 00:01:30,880 Speaker 4: pressuring margin margins. As we know a lot of the 30 00:01:30,880 --> 00:01:33,600 Speaker 4: incentives in the home building space tend to be whether 31 00:01:33,640 --> 00:01:36,520 Speaker 4: it's a rate buy down, making sure that the customer 32 00:01:36,600 --> 00:01:38,760 Speaker 4: has a rate that's about maybe one percent or a 33 00:01:38,760 --> 00:01:41,520 Speaker 4: half percentage point below what the general market rate is, 34 00:01:41,880 --> 00:01:44,360 Speaker 4: or throwing in just some random incentives like a dishwasher 35 00:01:44,400 --> 00:01:48,240 Speaker 4: things to make it a bit more appealing here for customers. 36 00:01:48,400 --> 00:01:50,920 Speaker 4: But it seems as though this is all pressuring margins 37 00:01:50,920 --> 00:01:53,280 Speaker 4: here for the company. And we did see S one 38 00:01:53,280 --> 00:01:56,160 Speaker 4: to five home, which is the index at tracks all 39 00:01:56,160 --> 00:01:59,240 Speaker 4: home builders more broadly, also falling on the day down 40 00:01:59,280 --> 00:02:00,000 Speaker 4: about one person. 41 00:02:00,240 --> 00:02:02,040 Speaker 3: I mean, Nora just has a love for home buildings. 42 00:02:02,360 --> 00:02:02,600 Speaker 2: I do. 43 00:02:02,720 --> 00:02:03,680 Speaker 4: I can't escape it. 44 00:02:03,760 --> 00:02:06,280 Speaker 3: It's your DNA. That's what you covered before your Bloomberg 45 00:02:06,320 --> 00:02:11,240 Speaker 3: Markets television correspondent bloom Television Markets. Correspondent, excuse me, okay, 46 00:02:11,520 --> 00:02:12,720 Speaker 3: let's go to some more high tech. 47 00:02:12,880 --> 00:02:16,040 Speaker 4: Yes, more high tech in focus. I'm keeping eyes on Corvo. 48 00:02:16,120 --> 00:02:20,320 Speaker 4: That's Sticker Qvro and this is a thought that ended 49 00:02:20,360 --> 00:02:23,200 Speaker 4: at its best day since April and its highest level 50 00:02:23,200 --> 00:02:25,840 Speaker 4: in over a year. We did see shares up about 51 00:02:25,840 --> 00:02:29,800 Speaker 4: five point seven percent. This is after Apple essentially is 52 00:02:29,840 --> 00:02:31,799 Speaker 4: saying that they want to really invest in their own 53 00:02:31,840 --> 00:02:36,200 Speaker 4: homegrown chips, and so you are seeing Corvo in a competitor, 54 00:02:36,240 --> 00:02:39,320 Speaker 4: Skyworks Solutions, actually merging as they're trying to seek out 55 00:02:39,360 --> 00:02:43,440 Speaker 4: certain opportunities for themselves to really benefit in this space. 56 00:02:43,600 --> 00:02:46,720 Speaker 4: This would be a combination of about twenty two billion 57 00:02:46,760 --> 00:02:49,440 Speaker 4: dollars here in value for these two companies here to 58 00:02:49,480 --> 00:02:50,079 Speaker 4: be combined. 59 00:02:50,200 --> 00:02:52,080 Speaker 1: The stock has been on a tear this year. 60 00:02:52,280 --> 00:02:57,400 Speaker 4: Corvo absolutely about crazy. Yeah, yeah, I'm really seeing some 61 00:02:57,440 --> 00:02:58,320 Speaker 4: strong gains here. 62 00:02:58,520 --> 00:03:01,000 Speaker 3: Do we have time for any an a special guest, 63 00:03:02,120 --> 00:03:02,680 Speaker 3: Let's do it. 64 00:03:02,760 --> 00:03:03,359 Speaker 1: Let's do it. 65 00:03:03,639 --> 00:03:07,320 Speaker 4: Looking at shares of PayPal, this is ticker pypl up 66 00:03:07,360 --> 00:03:09,640 Speaker 4: on the day, up about three point nine percent, and 67 00:03:09,720 --> 00:03:12,440 Speaker 4: this is after it raised its full year earnings guidance. 68 00:03:12,760 --> 00:03:14,280 Speaker 4: But they did talk about the fact that they are 69 00:03:14,320 --> 00:03:18,519 Speaker 4: seeing a pullback and particularly in terms of consumer spending here, 70 00:03:18,560 --> 00:03:20,120 Speaker 4: so that's not been that they noted. But of course 71 00:03:20,160 --> 00:03:23,079 Speaker 4: the headline here was the open ai deal. They're going 72 00:03:23,120 --> 00:03:27,280 Speaker 4: to be embedding PayPal. It's into its wallet into Chat GPT, 73 00:03:27,400 --> 00:03:30,360 Speaker 4: so PayPal's while to be embedded into Chat GPT, and 74 00:03:30,400 --> 00:03:33,120 Speaker 4: you really are seeing the street really clearly taking a 75 00:03:33,120 --> 00:03:35,240 Speaker 4: liking to this. It seems like open ai is striking 76 00:03:35,560 --> 00:03:37,160 Speaker 4: a lot of deals as of late. 77 00:03:37,120 --> 00:03:39,520 Speaker 1: All over the place, like kind of crazy crazy crazy, 78 00:03:40,160 --> 00:03:42,480 Speaker 1: good stuck. Thank you as always, we appreciate it. Boberg 79 00:03:42,480 --> 00:03:45,880 Speaker 1: TV Markets correspondent Nora Melinda joining us here with some 80 00:03:45,960 --> 00:03:48,680 Speaker 1: of the stocks on the move. 81 00:03:48,400 --> 00:03:52,440 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 82 00:03:52,520 --> 00:03:55,040 Speaker 2: us throughout the day for the latest roundup of companies 83 00:03:55,160 --> 00:03:58,240 Speaker 2: making news on Wall Street and for the latest market 84 00:03:58,280 --> 00:04:02,720 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 85 00:04:02,840 --> 00:04:06,320 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 86 00:04:06,400 --> 00:04:07,880 Speaker 2: the Bloomberg Business app.