WEBVTT - Nvidia Rises; Intel Pushes Higher; Texas Instruments Declines

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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 stocks on the move today.

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<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Valerie Titels. We get

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<v Speaker 3>ready to kick off the last full trading week of

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<v Speaker 3>twenty twenty five. Things looking pretty positive this morning, Valerie,

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<v Speaker 3>including for a change, the Magnificent seven.

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<v Speaker 1>Good morning, Hey, good morning, Nathan, Yes, Max seven doing

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<v Speaker 1>pretty decently this morning. What I want to bring to

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<v Speaker 1>our listeners attention is Nvidia. It's leading the gains this morning.

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<v Speaker 1>It's up over one percent, and it's important to note

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<v Speaker 1>that it was just one of the stocks that really

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<v Speaker 1>did lead the drag in the wider NASTAC on Friday,

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<v Speaker 1>So seeing it rebound this morning is putting the equity

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<v Speaker 1>market a bit more on a solid footing. It really

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<v Speaker 1>was those chip stocks on Friday that really dragged the

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<v Speaker 1>index down around two percent points in a matter of

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<v Speaker 1>hours after the opening bell on Friday session. So we're

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<v Speaker 1>regaining some of that ground and video clawing back at

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<v Speaker 1>some of those losses this morning.

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<v Speaker 3>I speaking of chip stocks this morning, Valerie. Are we

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<v Speaker 3>waiting for some chip M and A today.

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<v Speaker 1>Perhaps, or we could be waiting for a few weeks.

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<v Speaker 1>This is in telling about Intel. On Friday was reported

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<v Speaker 1>that they are said to near a deal to acquire

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<v Speaker 1>Samba Nova, which is an AI chip startup. So we're

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<v Speaker 1>seeing Intel shares react positively to this news. It's up

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<v Speaker 1>just over one percent in pre market trade. We reported

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<v Speaker 1>that the deal could be for about one point six

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<v Speaker 1>billion dollars including debt, and the deal could come together

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<v Speaker 1>as soon as next month. Now, this acquisition could help

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<v Speaker 1>Intel really deliver on its platform to build out its

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<v Speaker 1>AI product offerings. At least when it comes to the

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<v Speaker 1>AI chip space, Intel is probably the third major player

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<v Speaker 1>behind n Video and AMD, so an acquisition like this

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<v Speaker 1>could maybe help it take on En and the very

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<v Speaker 1>competitive and juicy AI chip space.

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<v Speaker 3>Well, one chip maker is not participating in this morning's rally.

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<v Speaker 3>What's going on with Texas Instruments.

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<v Speaker 1>Yeah, Texas Instruments on a back foot, down two point

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<v Speaker 1>seven percent in pre market trade, So this is on

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<v Speaker 1>the back of a downgrade by Goldman. But TI it's

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<v Speaker 1>less exposed to the AI chip market it's the biggest

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<v Speaker 1>player in the analog chips. Nonetheless, Now, while Goldman is

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<v Speaker 1>positive on the analog chip market next year, they have

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<v Speaker 1>downgraded TI to a cell rating from a buy rating,

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<v Speaker 1>predicting a thirteen percent potential downside next year. And they're

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<v Speaker 1>warning of a lack of margin expansion and earnings recovery

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<v Speaker 1>relative to its peers, warning that they've built too much

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<v Speaker 1>capacity and have continued to build inventory on its balance

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<v Speaker 1>sheet which is now at record level. So text interstments

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<v Speaker 1>instruments not necessarily enjoying the tech rebound. This morning, it's

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<v Speaker 1>in the red down two point seven percent.

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<v Speaker 3>Yeah, and I would have to imagine that this name

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<v Speaker 3>with a techt sounding at least, this is probably on

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<v Speaker 3>the back foot as well.

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<v Speaker 1>I Robot, I Robot, this is the maker of Rumba

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<v Speaker 1>vacuums that revenized revolutionized robot vacuums, you know, going on

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<v Speaker 1>the last twenty years, has filed for Chapter eleven bankruptcy.

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<v Speaker 1>Shares are in the red down seventy seven percent. Off

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<v Speaker 1>the back of this news it will be taken private

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<v Speaker 1>by its main Chinese supplier, and it goes to show

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<v Speaker 1>that the company has really struggled in the post covid era,

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<v Speaker 1>both with supply chain issues Nathan, but also cheaper competitors,

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<v Speaker 1>so I Robot filing for Chapter eleven bankruptcy and being

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<v Speaker 1>taken private by its main suppliers. Shares are down nearly

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<v Speaker 1>seventy eight percent in the pre market this morning.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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