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 stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titels. We get
Speaker 3: ready to kick off the last full trading week of
Speaker 3: twenty twenty five. Things looking pretty positive this morning, Valerie,
Speaker 3: including for a change, the Magnificent seven.
Speaker 1: Good morning, Hey, good morning, Nathan, Yes, Max seven doing
Speaker 1: pretty decently this morning. What I want to bring to
Speaker 1: our listeners attention is Nvidia. It's leading the gains this morning.
Speaker 1: It's up over one percent, and it's important to note
Speaker 1: that it was just one of the stocks that really
Speaker 1: did lead the drag in the wider NASTAC on Friday,
Speaker 1: So seeing it rebound this morning is putting the equity
Speaker 1: market a bit more on a solid footing. It really
Speaker 1: was those chip stocks on Friday that really dragged the
Speaker 1: index down around two percent points in a matter of
Speaker 1: hours after the opening bell on Friday session. So we're
Speaker 1: regaining some of that ground and video clawing back at
Speaker 1: some of those losses this morning.
Speaker 3: I speaking of chip stocks this morning, Valerie. Are we
Speaker 3: waiting for some chip M and A today.
Speaker 1: Perhaps, or we could be waiting for a few weeks.
Speaker 1: This is in telling about Intel. On Friday was reported
Speaker 1: that they are said to near a deal to acquire
Speaker 1: Samba Nova, which is an AI chip startup. So we're
Speaker 1: seeing Intel shares react positively to this news. It's up
Speaker 1: just over one percent in pre market trade. We reported
Speaker 1: that the deal could be for about one point six
Speaker 1: billion dollars including debt, and the deal could come together
Speaker 1: as soon as next month. Now, this acquisition could help
Speaker 1: Intel really deliver on its platform to build out its
Speaker 1: AI product offerings. At least when it comes to the
Speaker 1: AI chip space, Intel is probably the third major player
Speaker 1: behind n Video and AMD, so an acquisition like this
Speaker 1: could maybe help it take on En and the very
Speaker 1: competitive and juicy AI chip space.
Speaker 3: Well, one chip maker is not participating in this morning's rally.
Speaker 3: What's going on with Texas Instruments.
Speaker 1: Yeah, Texas Instruments on a back foot, down two point
Speaker 1: seven percent in pre market trade, So this is on
Speaker 1: the back of a downgrade by Goldman. But TI it's
Speaker 1: less exposed to the AI chip market it's the biggest
Speaker 1: player in the analog chips. Nonetheless, Now, while Goldman is
Speaker 1: positive on the analog chip market next year, they have
Speaker 1: downgraded TI to a cell rating from a buy rating,
Speaker 1: predicting a thirteen percent potential downside next year. And they're
Speaker 1: warning of a lack of margin expansion and earnings recovery
Speaker 1: relative to its peers, warning that they've built too much
Speaker 1: capacity and have continued to build inventory on its balance
Speaker 1: sheet which is now at record level. So text interstments
Speaker 1: instruments not necessarily enjoying the tech rebound. This morning, it's
Speaker 1: in the red down two point seven percent.
Speaker 3: Yeah, and I would have to imagine that this name
Speaker 3: with a techt sounding at least, this is probably on
Speaker 3: the back foot as well.
Speaker 1: I Robot, I Robot, this is the maker of Rumba
Speaker 1: vacuums that revenized revolutionized robot vacuums, you know, going on
Speaker 1: the last twenty years, has filed for Chapter eleven bankruptcy.
Speaker 1: Shares are in the red down seventy seven percent. Off
Speaker 1: the back of this news it will be taken private
Speaker 1: by its main Chinese supplier, and it goes to show
Speaker 1: that the company has really struggled in the post covid era,
Speaker 1: both with supply chain issues Nathan, but also cheaper competitors,
Speaker 1: so I Robot filing for Chapter eleven bankruptcy and being
Speaker 1: taken private by its main suppliers. Shares are down nearly
Speaker 1: seventy eight percent in the pre market this morning.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
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Speaker 1: MHM.