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 --> 00:00:16,759 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,480 --> 00:00:20,560 Speaker 1: I'm Tim Statovak along with Carol Masser. Let's take a 5 00:00:20,560 --> 00:00:23,000 Speaker 1: look at some stocks on the move today. We're joined 6 00:00:23,000 --> 00:00:27,760 Speaker 1: by Bloomberg News Earnings reporter Red Brown him how are 7 00:00:27,800 --> 00:00:29,920 Speaker 1: you well. We're excited because it has been one of 8 00:00:29,960 --> 00:00:34,360 Speaker 1: those days where the news flow has gone NonStop and 9 00:00:34,400 --> 00:00:35,320 Speaker 1: it's moving stocks. 10 00:00:35,680 --> 00:00:35,880 Speaker 3: Yeah. 11 00:00:35,920 --> 00:00:37,640 Speaker 4: And I think the kind of the biggest news to 12 00:00:37,680 --> 00:00:39,760 Speaker 4: cross for me for today was the Intel news with 13 00:00:39,800 --> 00:00:41,320 Speaker 4: the White House. That's one of the stocks I'm keeping 14 00:00:41,320 --> 00:00:43,919 Speaker 4: an eye on at the moment. Ticker is I INTC 15 00:00:44,440 --> 00:00:46,640 Speaker 4: shares jumped as much as eight point nine percent today 16 00:00:46,680 --> 00:00:49,560 Speaker 4: after Bloomberg News reported but broke the news that the 17 00:00:49,600 --> 00:00:52,400 Speaker 4: Trump administration is in talks to take a stake in 18 00:00:52,440 --> 00:00:57,480 Speaker 4: the struggling chip maker. Those shares have extended those gains 19 00:00:57,720 --> 00:00:59,720 Speaker 4: in the aftermarket as well, almost kind of touching three 20 00:00:59,760 --> 00:01:02,080 Speaker 4: percent in the aftermarket as well. So I think it's 21 00:01:02,080 --> 00:01:03,880 Speaker 4: just kind of what a turnaround from earlier this month 22 00:01:03,920 --> 00:01:06,160 Speaker 4: when Trump was selling the CEO to design and now 23 00:01:06,160 --> 00:01:08,080 Speaker 4: he's trying to, you know, do business with him. 24 00:01:08,080 --> 00:01:09,840 Speaker 3: I guess that's kind of the art of the deal though, 25 00:01:09,880 --> 00:01:13,280 Speaker 3: so fair enough, yeah, or transactional maybe we don't know, 26 00:01:13,360 --> 00:01:15,120 Speaker 3: right will turn out. I felt like when I see 27 00:01:15,120 --> 00:01:17,160 Speaker 3: this story and it it feels like it's not over 28 00:01:17,280 --> 00:01:20,920 Speaker 3: yet by far. But it's like again a great like 29 00:01:20,959 --> 00:01:23,560 Speaker 3: business school case study, like depending on how this goes. 30 00:01:24,040 --> 00:01:26,400 Speaker 3: I just think it's fascinating, all right. So that one, 31 00:01:26,560 --> 00:01:29,319 Speaker 3: Intel continuing to trade higher in the aftermarket as well 32 00:01:29,360 --> 00:01:32,520 Speaker 3: after that bump up on that news in the regular session. 33 00:01:32,640 --> 00:01:34,800 Speaker 3: Amatt also moving in the after hours. 34 00:01:34,880 --> 00:01:37,399 Speaker 4: Yes, another chip stock, but they're moving in quite the 35 00:01:37,440 --> 00:01:40,880 Speaker 4: opposite direction right now, down around thirteen percent trading. And 36 00:01:40,880 --> 00:01:44,000 Speaker 4: that came down to just really a week net sales 37 00:01:44,000 --> 00:01:46,600 Speaker 4: outlook for the company, actually week week at the top 38 00:01:46,640 --> 00:01:48,559 Speaker 4: and bottom line for the company in the third quarter 39 00:01:49,320 --> 00:01:51,560 Speaker 4: right now, calling for as much a net revenue of 40 00:01:51,560 --> 00:01:54,000 Speaker 4: seven point two billion. Analysts were forecasting a little over 41 00:01:54,080 --> 00:01:56,960 Speaker 4: seven point three billion for the upcoming quarter. And you know, 42 00:01:57,000 --> 00:01:58,320 Speaker 4: this is a this is a story we've heard so 43 00:01:58,360 --> 00:02:00,560 Speaker 4: many times over the past couple of months, and it's 44 00:02:00,600 --> 00:02:02,640 Speaker 4: coming down to a lack of certainty. You know, they 45 00:02:02,640 --> 00:02:04,480 Speaker 4: were having a really hard time just looking out into 46 00:02:04,480 --> 00:02:06,400 Speaker 4: the future into the next three months and predicting kind 47 00:02:06,400 --> 00:02:09,360 Speaker 4: of where their sales will be. Kind of the same 48 00:02:09,440 --> 00:02:13,280 Speaker 4: culprits as always, it's uncertain macroeconomic situation, and then also 49 00:02:13,840 --> 00:02:16,800 Speaker 4: the trade story with China. Obviously they sell a lot 50 00:02:16,840 --> 00:02:19,600 Speaker 4: of chips into China and not really sure how that's 51 00:02:19,639 --> 00:02:22,520 Speaker 4: going to look in the next two to three months. Also, 52 00:02:22,560 --> 00:02:25,079 Speaker 4: a lot of the Chinese customers pulled forward a lot 53 00:02:25,080 --> 00:02:27,280 Speaker 4: of their purchases and are still working through these inventories 54 00:02:27,320 --> 00:02:29,800 Speaker 4: when there was kind of the first hints of problems 55 00:02:29,800 --> 00:02:33,040 Speaker 4: between the US and China. So yeah, for applied materials, 56 00:02:33,040 --> 00:02:35,320 Speaker 4: still kind of working through some of those those lingering issues. 57 00:02:36,080 --> 00:02:40,400 Speaker 1: Let's go Wolf, not Wolf speed, w O LF w 58 00:02:40,800 --> 00:02:43,560 Speaker 1: U l f F Terra Wolf. 59 00:02:43,760 --> 00:02:47,040 Speaker 3: Yeah, that's a great ticker. They is this company. 60 00:02:47,160 --> 00:02:49,880 Speaker 4: They are a bitcoin minor primarily, that's kind of what 61 00:02:49,919 --> 00:02:52,200 Speaker 4: they're known for. Not known for anything, but. 62 00:02:52,280 --> 00:02:56,919 Speaker 3: They are twelve twelve employees. Apparently if you know them, 63 00:02:56,960 --> 00:02:59,760 Speaker 3: you would have known they're they're a bitcoin minor. They 64 00:02:59,760 --> 00:03:01,639 Speaker 3: had the best day since twenty twenty two. 65 00:03:02,320 --> 00:03:04,919 Speaker 4: They turned up sixty percent today and the second best 66 00:03:04,919 --> 00:03:07,680 Speaker 4: in the Russell three thousand and that is off of 67 00:03:08,040 --> 00:03:10,360 Speaker 4: deal news that Google took an eight percent stake in 68 00:03:10,400 --> 00:03:13,760 Speaker 4: the bitcoin minor. It's also involved this other company who's 69 00:03:13,760 --> 00:03:17,160 Speaker 4: an a cloud platform called fluid Stack. The two companies 70 00:03:17,160 --> 00:03:21,359 Speaker 4: will be sharing computing power, computing processing, things like that 71 00:03:21,760 --> 00:03:24,480 Speaker 4: over a ten year deal. I think really why we 72 00:03:24,520 --> 00:03:26,520 Speaker 4: got the reaction that we did was because this is 73 00:03:26,560 --> 00:03:29,880 Speaker 4: now them moving away from just bitcoin mining into kind 74 00:03:29,880 --> 00:03:32,000 Speaker 4: of the other big buzzword, and that's artificial intelligence. 75 00:03:32,000 --> 00:03:32,480 Speaker 3: Obviously. 76 00:03:33,160 --> 00:03:36,120 Speaker 4: Macquari analysts say that this deal firmly establishes the company 77 00:03:36,120 --> 00:03:39,280 Speaker 4: as a major provider of top tier AI infrastructure, so 78 00:03:39,920 --> 00:03:42,880 Speaker 4: could have some potential knock on effects throughout the bitcoin 79 00:03:42,920 --> 00:03:45,520 Speaker 4: mining industry as well. Maybe we'll see some more of 80 00:03:45,600 --> 00:03:47,640 Speaker 4: these deals. You know, they have kind of the latest 81 00:03:47,640 --> 00:03:51,600 Speaker 4: and greatest technology within their data data centers as well, 82 00:03:51,600 --> 00:03:53,440 Speaker 4: so it can then only makes sense if they get 83 00:03:53,480 --> 00:03:53,840 Speaker 4: it on this. 84 00:03:55,160 --> 00:03:57,920 Speaker 3: For who, for Terra Wolf, for Google. 85 00:03:58,240 --> 00:04:01,000 Speaker 4: I mean potentially a lot of these companies are doing 86 00:04:01,080 --> 00:04:03,680 Speaker 4: these sort of like you know, uh, these these these 87 00:04:03,800 --> 00:04:05,600 Speaker 4: uh just taking stakes in a lot of these smaller 88 00:04:05,640 --> 00:04:07,720 Speaker 4: companies just to make sure that they're they're spending their 89 00:04:07,760 --> 00:04:08,320 Speaker 4: bets wide. 90 00:04:08,360 --> 00:04:14,680 Speaker 2: So the stock movers report from Bloomberg Radio. Check back 91 00:04:14,680 --> 00:04:16,919 Speaker 2: with us throughout the day for the latest roundup of 92 00:04:16,960 --> 00:04:20,239 Speaker 2: companies making news on Wall Street, and for the latest 93 00:04:20,279 --> 00:04:24,480 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 94 00:04:24,520 --> 00:04:28,239 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 95 00:04:28,279 --> 00:04:30,279 Speaker 2: Auto with the Bloomberg Business app.