1 00:00:02,520 --> 00:00:08,640 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:18,599 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,600 --> 00:00:22,160 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titels. We get 6 00:00:22,160 --> 00:00:25,079 Speaker 3: ready to kick off the last full trading week of 7 00:00:25,280 --> 00:00:29,120 Speaker 3: twenty twenty five. Things looking pretty positive this morning, Valerie, 8 00:00:29,120 --> 00:00:33,280 Speaker 3: including for a change, the Magnificent seven. 9 00:00:33,360 --> 00:00:36,080 Speaker 1: Good morning, Hey, good morning, Nathan, Yes, Max seven doing 10 00:00:36,120 --> 00:00:38,280 Speaker 1: pretty decently this morning. What I want to bring to 11 00:00:38,400 --> 00:00:42,160 Speaker 1: our listeners attention is Nvidia. It's leading the gains this morning. 12 00:00:42,159 --> 00:00:45,120 Speaker 1: It's up over one percent, and it's important to note 13 00:00:45,120 --> 00:00:47,080 Speaker 1: that it was just one of the stocks that really 14 00:00:47,120 --> 00:00:50,400 Speaker 1: did lead the drag in the wider NASTAC on Friday, 15 00:00:50,440 --> 00:00:53,040 Speaker 1: So seeing it rebound this morning is putting the equity 16 00:00:53,080 --> 00:00:55,120 Speaker 1: market a bit more on a solid footing. It really 17 00:00:55,200 --> 00:00:58,480 Speaker 1: was those chip stocks on Friday that really dragged the 18 00:00:58,520 --> 00:01:01,279 Speaker 1: index down around two percent points in a matter of 19 00:01:01,360 --> 00:01:05,040 Speaker 1: hours after the opening bell on Friday session. So we're 20 00:01:05,080 --> 00:01:08,039 Speaker 1: regaining some of that ground and video clawing back at 21 00:01:08,080 --> 00:01:09,240 Speaker 1: some of those losses this morning. 22 00:01:09,480 --> 00:01:12,080 Speaker 3: I speaking of chip stocks this morning, Valerie. Are we 23 00:01:12,120 --> 00:01:14,560 Speaker 3: waiting for some chip M and A today. 24 00:01:14,880 --> 00:01:17,399 Speaker 1: Perhaps, or we could be waiting for a few weeks. 25 00:01:17,400 --> 00:01:20,560 Speaker 1: This is in telling about Intel. On Friday was reported 26 00:01:20,800 --> 00:01:24,319 Speaker 1: that they are said to near a deal to acquire 27 00:01:24,560 --> 00:01:27,440 Speaker 1: Samba Nova, which is an AI chip startup. So we're 28 00:01:27,440 --> 00:01:30,640 Speaker 1: seeing Intel shares react positively to this news. It's up 29 00:01:30,680 --> 00:01:34,320 Speaker 1: just over one percent in pre market trade. We reported 30 00:01:34,480 --> 00:01:36,720 Speaker 1: that the deal could be for about one point six 31 00:01:36,840 --> 00:01:40,679 Speaker 1: billion dollars including debt, and the deal could come together 32 00:01:40,760 --> 00:01:44,440 Speaker 1: as soon as next month. Now, this acquisition could help 33 00:01:44,920 --> 00:01:48,360 Speaker 1: Intel really deliver on its platform to build out its 34 00:01:48,400 --> 00:01:51,000 Speaker 1: AI product offerings. At least when it comes to the 35 00:01:51,000 --> 00:01:54,440 Speaker 1: AI chip space, Intel is probably the third major player 36 00:01:54,760 --> 00:01:58,400 Speaker 1: behind n Video and AMD, so an acquisition like this 37 00:01:58,520 --> 00:02:00,720 Speaker 1: could maybe help it take on En and the very 38 00:02:00,760 --> 00:02:03,400 Speaker 1: competitive and juicy AI chip space. 39 00:02:03,800 --> 00:02:07,559 Speaker 3: Well, one chip maker is not participating in this morning's rally. 40 00:02:07,560 --> 00:02:09,320 Speaker 3: What's going on with Texas Instruments. 41 00:02:09,560 --> 00:02:12,600 Speaker 1: Yeah, Texas Instruments on a back foot, down two point 42 00:02:12,639 --> 00:02:16,080 Speaker 1: seven percent in pre market trade, So this is on 43 00:02:16,120 --> 00:02:18,919 Speaker 1: the back of a downgrade by Goldman. But TI it's 44 00:02:19,000 --> 00:02:21,320 Speaker 1: less exposed to the AI chip market it's the biggest 45 00:02:21,320 --> 00:02:24,680 Speaker 1: player in the analog chips. Nonetheless, Now, while Goldman is 46 00:02:24,760 --> 00:02:28,080 Speaker 1: positive on the analog chip market next year, they have 47 00:02:28,200 --> 00:02:32,280 Speaker 1: downgraded TI to a cell rating from a buy rating, 48 00:02:32,360 --> 00:02:37,079 Speaker 1: predicting a thirteen percent potential downside next year. And they're 49 00:02:37,120 --> 00:02:40,600 Speaker 1: warning of a lack of margin expansion and earnings recovery 50 00:02:40,800 --> 00:02:43,839 Speaker 1: relative to its peers, warning that they've built too much 51 00:02:43,840 --> 00:02:47,160 Speaker 1: capacity and have continued to build inventory on its balance 52 00:02:47,200 --> 00:02:50,119 Speaker 1: sheet which is now at record level. So text interstments 53 00:02:50,240 --> 00:02:53,440 Speaker 1: instruments not necessarily enjoying the tech rebound. This morning, it's 54 00:02:53,440 --> 00:02:55,160 Speaker 1: in the red down two point seven percent. 55 00:02:55,360 --> 00:02:58,040 Speaker 3: Yeah, and I would have to imagine that this name 56 00:02:58,200 --> 00:03:01,680 Speaker 3: with a techt sounding at least, this is probably on 57 00:03:01,720 --> 00:03:02,680 Speaker 3: the back foot as well. 58 00:03:02,800 --> 00:03:07,160 Speaker 1: I Robot, I Robot, this is the maker of Rumba 59 00:03:07,440 --> 00:03:12,920 Speaker 1: vacuums that revenized revolutionized robot vacuums, you know, going on 60 00:03:12,960 --> 00:03:16,239 Speaker 1: the last twenty years, has filed for Chapter eleven bankruptcy. 61 00:03:16,480 --> 00:03:19,480 Speaker 1: Shares are in the red down seventy seven percent. Off 62 00:03:19,560 --> 00:03:22,359 Speaker 1: the back of this news it will be taken private 63 00:03:22,560 --> 00:03:26,320 Speaker 1: by its main Chinese supplier, and it goes to show 64 00:03:26,320 --> 00:03:29,360 Speaker 1: that the company has really struggled in the post covid era, 65 00:03:29,560 --> 00:03:34,560 Speaker 1: both with supply chain issues Nathan, but also cheaper competitors, 66 00:03:34,600 --> 00:03:37,760 Speaker 1: so I Robot filing for Chapter eleven bankruptcy and being 67 00:03:37,840 --> 00:03:40,960 Speaker 1: taken private by its main suppliers. Shares are down nearly 68 00:03:41,000 --> 00:03:43,560 Speaker 1: seventy eight percent in the pre market this morning. 69 00:03:44,880 --> 00:03:48,880 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 70 00:03:48,960 --> 00:03:51,560 Speaker 2: us throughout the day for the latest roundup of companies 71 00:03:51,600 --> 00:03:54,720 Speaker 2: making news on Wall Street and for the latest market 72 00:03:54,760 --> 00:03:59,200 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 73 00:03:59,280 --> 00:04:02,640 Speaker 2: Bloomberg dot com, com, and on Applecarplay and Android Auto 74 00:04:02,720 --> 00:04:04,320 Speaker 2: with the Bloomberg Business app 75 00:04:08,680 --> 00:04:09,000 Speaker 1: MHM.