WEBVTT - Intel Soars, Applied Materials Tumbles, TeraWulf Rises

0:00:02.520 --> 0:00:07.000
<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

0:00:08.560 --> 0:00:12.440
<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

0:00:12.480 --> 0:00:16.759
<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

0:00:17.480 --> 0:00:20.560
<v Speaker 1>I'm Tim Statovak along with Carol Masser. Let's take a

0:00:20.560 --> 0:00:23.000
<v Speaker 1>look at some stocks on the move today. We're joined

0:00:23.000 --> 0:00:27.760
<v Speaker 1>by Bloomberg News Earnings reporter Red Brown him how are

0:00:27.800 --> 0:00:29.920
<v Speaker 1>you well. We're excited because it has been one of

0:00:29.960 --> 0:00:34.360
<v Speaker 1>those days where the news flow has gone NonStop and

0:00:34.400 --> 0:00:35.320
<v Speaker 1>it's moving stocks.

0:00:35.680 --> 0:00:35.880
<v Speaker 3>Yeah.

0:00:35.920 --> 0:00:37.640
<v Speaker 4>And I think the kind of the biggest news to

0:00:37.680 --> 0:00:39.760
<v Speaker 4>cross for me for today was the Intel news with

0:00:39.800 --> 0:00:41.320
<v Speaker 4>the White House. That's one of the stocks I'm keeping

0:00:41.320 --> 0:00:43.919
<v Speaker 4>an eye on at the moment. Ticker is I INTC

0:00:44.440 --> 0:00:46.640
<v Speaker 4>shares jumped as much as eight point nine percent today

0:00:46.680 --> 0:00:49.560
<v Speaker 4>after Bloomberg News reported but broke the news that the

0:00:49.600 --> 0:00:52.400
<v Speaker 4>Trump administration is in talks to take a stake in

0:00:52.440 --> 0:00:57.480
<v Speaker 4>the struggling chip maker. Those shares have extended those gains

0:00:57.720 --> 0:00:59.720
<v Speaker 4>in the aftermarket as well, almost kind of touching three

0:00:59.760 --> 0:01:02.080
<v Speaker 4>percent in the aftermarket as well. So I think it's

0:01:02.080 --> 0:01:03.880
<v Speaker 4>just kind of what a turnaround from earlier this month

0:01:03.920 --> 0:01:06.160
<v Speaker 4>when Trump was selling the CEO to design and now

0:01:06.160 --> 0:01:08.080
<v Speaker 4>he's trying to, you know, do business with him.

0:01:08.080 --> 0:01:09.840
<v Speaker 3>I guess that's kind of the art of the deal though,

0:01:09.880 --> 0:01:13.280
<v Speaker 3>so fair enough, yeah, or transactional maybe we don't know,

0:01:13.360 --> 0:01:15.120
<v Speaker 3>right will turn out. I felt like when I see

0:01:15.120 --> 0:01:17.160
<v Speaker 3>this story and it it feels like it's not over

0:01:17.280 --> 0:01:20.920
<v Speaker 3>yet by far. But it's like again a great like

0:01:20.959 --> 0:01:23.560
<v Speaker 3>business school case study, like depending on how this goes.

0:01:24.040 --> 0:01:26.400
<v Speaker 3>I just think it's fascinating, all right. So that one,

0:01:26.560 --> 0:01:29.319
<v Speaker 3>Intel continuing to trade higher in the aftermarket as well

0:01:29.360 --> 0:01:32.520
<v Speaker 3>after that bump up on that news in the regular session.

0:01:32.640 --> 0:01:34.800
<v Speaker 3>Amatt also moving in the after hours.

0:01:34.880 --> 0:01:37.399
<v Speaker 4>Yes, another chip stock, but they're moving in quite the

0:01:37.440 --> 0:01:40.880
<v Speaker 4>opposite direction right now, down around thirteen percent trading. And

0:01:40.880 --> 0:01:44.000
<v Speaker 4>that came down to just really a week net sales

0:01:44.000 --> 0:01:46.600
<v Speaker 4>outlook for the company, actually week week at the top

0:01:46.640 --> 0:01:48.559
<v Speaker 4>and bottom line for the company in the third quarter

0:01:49.320 --> 0:01:51.560
<v Speaker 4>right now, calling for as much a net revenue of

0:01:51.560 --> 0:01:54.000
<v Speaker 4>seven point two billion. Analysts were forecasting a little over

0:01:54.080 --> 0:01:56.960
<v Speaker 4>seven point three billion for the upcoming quarter. And you know,

0:01:57.000 --> 0:01:58.320
<v Speaker 4>this is a this is a story we've heard so

0:01:58.360 --> 0:02:00.560
<v Speaker 4>many times over the past couple of months, and it's

0:02:00.600 --> 0:02:02.640
<v Speaker 4>coming down to a lack of certainty. You know, they

0:02:02.640 --> 0:02:04.480
<v Speaker 4>were having a really hard time just looking out into

0:02:04.480 --> 0:02:06.400
<v Speaker 4>the future into the next three months and predicting kind

0:02:06.400 --> 0:02:09.360
<v Speaker 4>of where their sales will be. Kind of the same

0:02:09.440 --> 0:02:13.280
<v Speaker 4>culprits as always, it's uncertain macroeconomic situation, and then also

0:02:13.840 --> 0:02:16.800
<v Speaker 4>the trade story with China. Obviously they sell a lot

0:02:16.840 --> 0:02:19.600
<v Speaker 4>of chips into China and not really sure how that's

0:02:19.639 --> 0:02:22.520
<v Speaker 4>going to look in the next two to three months. Also,

0:02:22.560 --> 0:02:25.079
<v Speaker 4>a lot of the Chinese customers pulled forward a lot

0:02:25.080 --> 0:02:27.280
<v Speaker 4>of their purchases and are still working through these inventories

0:02:27.320 --> 0:02:29.800
<v Speaker 4>when there was kind of the first hints of problems

0:02:29.800 --> 0:02:33.040
<v Speaker 4>between the US and China. So yeah, for applied materials,

0:02:33.040 --> 0:02:35.320
<v Speaker 4>still kind of working through some of those those lingering issues.

0:02:36.080 --> 0:02:40.400
<v Speaker 1>Let's go Wolf, not Wolf speed, w O LF w

0:02:40.800 --> 0:02:43.560
<v Speaker 1>U l f F Terra Wolf.

0:02:43.760 --> 0:02:47.040
<v Speaker 3>Yeah, that's a great ticker. They is this company.

0:02:47.160 --> 0:02:49.880
<v Speaker 4>They are a bitcoin minor primarily, that's kind of what

0:02:49.919 --> 0:02:52.200
<v Speaker 4>they're known for. Not known for anything, but.

0:02:52.280 --> 0:02:56.919
<v Speaker 3>They are twelve twelve employees. Apparently if you know them,

0:02:56.960 --> 0:02:59.760
<v Speaker 3>you would have known they're they're a bitcoin minor. They

0:02:59.760 --> 0:03:01.639
<v Speaker 3>had the best day since twenty twenty two.

0:03:02.320 --> 0:03:04.919
<v Speaker 4>They turned up sixty percent today and the second best

0:03:04.919 --> 0:03:07.680
<v Speaker 4>in the Russell three thousand and that is off of

0:03:08.040 --> 0:03:10.360
<v Speaker 4>deal news that Google took an eight percent stake in

0:03:10.400 --> 0:03:13.760
<v Speaker 4>the bitcoin minor. It's also involved this other company who's

0:03:13.760 --> 0:03:17.160
<v Speaker 4>an a cloud platform called fluid Stack. The two companies

0:03:17.160 --> 0:03:21.359
<v Speaker 4>will be sharing computing power, computing processing, things like that

0:03:21.760 --> 0:03:24.480
<v Speaker 4>over a ten year deal. I think really why we

0:03:24.520 --> 0:03:26.520
<v Speaker 4>got the reaction that we did was because this is

0:03:26.560 --> 0:03:29.880
<v Speaker 4>now them moving away from just bitcoin mining into kind

0:03:29.880 --> 0:03:32.000
<v Speaker 4>of the other big buzzword, and that's artificial intelligence.

0:03:32.000 --> 0:03:32.480
<v Speaker 3>Obviously.

0:03:33.160 --> 0:03:36.120
<v Speaker 4>Macquari analysts say that this deal firmly establishes the company

0:03:36.120 --> 0:03:39.280
<v Speaker 4>as a major provider of top tier AI infrastructure, so

0:03:39.920 --> 0:03:42.880
<v Speaker 4>could have some potential knock on effects throughout the bitcoin

0:03:42.920 --> 0:03:45.520
<v Speaker 4>mining industry as well. Maybe we'll see some more of

0:03:45.600 --> 0:03:47.640
<v Speaker 4>these deals. You know, they have kind of the latest

0:03:47.640 --> 0:03:51.600
<v Speaker 4>and greatest technology within their data data centers as well,

0:03:51.600 --> 0:03:53.440
<v Speaker 4>so it can then only makes sense if they get

0:03:53.480 --> 0:03:53.840
<v Speaker 4>it on this.

0:03:55.160 --> 0:03:57.920
<v Speaker 3>For who, for Terra Wolf, for Google.

0:03:58.240 --> 0:04:01.000
<v Speaker 4>I mean potentially a lot of these companies are doing

0:04:01.080 --> 0:04:03.680
<v Speaker 4>these sort of like you know, uh, these these these

0:04:03.800 --> 0:04:05.600
<v Speaker 4>uh just taking stakes in a lot of these smaller

0:04:05.640 --> 0:04:07.720
<v Speaker 4>companies just to make sure that they're they're spending their

0:04:07.760 --> 0:04:08.320
<v Speaker 4>bets wide.

0:04:08.360 --> 0:04:14.680
<v Speaker 2>So the stock movers report from Bloomberg Radio. Check back

0:04:14.680 --> 0:04:16.919
<v Speaker 2>with us throughout the day for the latest roundup of

0:04:16.960 --> 0:04:20.239
<v Speaker 2>companies making news on Wall Street, and for the latest

0:04:20.279 --> 0:04:24.480
<v Speaker 2>market moving headlines. Listen to Bloomberg Radio Live, catch us

0:04:24.520 --> 0:04:28.239
<v Speaker 2>on YouTube, Bloomberg dot com, and on Applecarplay and Android

0:04:28.279 --> 0:04:30.279
<v Speaker 2>Auto with the Bloomberg Business app.