WEBVTT - AMD Soars as AI Demand Fuels Rosy Outlook, Uber Climbs, DaVita Rises

0:00:00.080 --> 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 --> 0:00:15.880
<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

0:00:16.760 --> 0:00:18.880
<v Speaker 3>I'm Charlie Pelop. Will you take a look now at

0:00:18.960 --> 0:00:20.799
<v Speaker 3>some of the stocks on the move today? And we

0:00:20.880 --> 0:00:24.680
<v Speaker 3>are joined by Avalon Pernell, Bloomberg Equities Reporter. Got to

0:00:24.720 --> 0:00:28.680
<v Speaker 3>begin with Advanced micro Devices. This stock is flying this

0:00:28.840 --> 0:00:31.240
<v Speaker 3>after earnings. Tell me a little bit more Avalan about

0:00:31.280 --> 0:00:32.760
<v Speaker 3>what's happening with AMD.

0:00:33.080 --> 0:00:35.919
<v Speaker 1>Yes, AMD is currently up about eighteen percent to hit

0:00:35.960 --> 0:00:38.600
<v Speaker 1>a record high. That's after the company gave a pretty

0:00:38.680 --> 0:00:41.479
<v Speaker 1>upbeat second quarter forecast as it continues to cash in

0:00:41.560 --> 0:00:44.480
<v Speaker 1>on that AI spending craze. It also reported a first

0:00:44.520 --> 0:00:47.720
<v Speaker 1>quarter beat practically across the board. One important thing to

0:00:47.720 --> 0:00:51.200
<v Speaker 1>also notice that after the print, AMD got several price

0:00:51.240 --> 0:00:54.400
<v Speaker 1>target boosts, including an upgrade to buy at Goldman Sachs,

0:00:54.400 --> 0:00:57.400
<v Speaker 1>who said that AMD should be an outsized beneficiary of

0:00:57.520 --> 0:00:59.280
<v Speaker 1>enterprise agentic AI adoption.

0:00:59.480 --> 0:01:03.000
<v Speaker 4>All right, certainly a major move today for advanced micro devices.

0:01:03.040 --> 0:01:07.000
<v Speaker 4>Also moving higher today after earnings ride share companies, the

0:01:07.040 --> 0:01:09.520
<v Speaker 4>first of two based in San Francisco. We heard from

0:01:09.680 --> 0:01:13.199
<v Speaker 4>Uber Technologies what happened with Uber? Why is the stock

0:01:13.240 --> 0:01:13.920
<v Speaker 4>advancing now?

0:01:14.160 --> 0:01:17.840
<v Speaker 1>Yes, we sure did. That's ticker Youber, otherwise known as

0:01:17.920 --> 0:01:21.160
<v Speaker 1>Uber up currently now about nine percent most interday since

0:01:21.280 --> 0:01:24.559
<v Speaker 1>last June. That's after to ride hailing company forecast gross

0:01:24.560 --> 0:01:28.640
<v Speaker 1>bookings and adjusted EBITDA for the second quarter that topped expectations.

0:01:28.920 --> 0:01:32.800
<v Speaker 1>Jeffrey's writing that the faster and expected bookings growth despite

0:01:32.840 --> 0:01:35.360
<v Speaker 1>the macro headwinds and also winter storms that we saw

0:01:35.400 --> 0:01:39.039
<v Speaker 1>the past quarter, reveals strong execution and potentially a pathway

0:01:39.080 --> 0:01:40.560
<v Speaker 1>to long term growth for that company.

0:01:40.640 --> 0:01:42.840
<v Speaker 4>All right, so Uber is hired tomorrow we will be

0:01:42.880 --> 0:01:46.440
<v Speaker 4>hearing after the bell from Lyft, and of course Uber's

0:01:46.640 --> 0:01:50.720
<v Speaker 4>numbers do set expectations for the broader ride hailing and

0:01:50.800 --> 0:01:54.760
<v Speaker 4>food delivery industries. Let us talk now about a company

0:01:54.840 --> 0:01:59.200
<v Speaker 4>named Da Vita that stock absolutely surging today, adding to

0:02:00.080 --> 0:02:03.440
<v Speaker 4>it's year today gain of roughly sixty nine percent. What

0:02:03.640 --> 0:02:05.960
<v Speaker 4>is the Vita? Why is the stock on the move?

0:02:06.200 --> 0:02:08.640
<v Speaker 1>Yes, that's ticker DVA. Not every day that we have

0:02:08.680 --> 0:02:11.160
<v Speaker 1>a healthcare stock that is basically at the top of

0:02:11.200 --> 0:02:14.240
<v Speaker 1>the S and P five hundred top performers, but Alasta

0:02:14.320 --> 0:02:17.200
<v Speaker 1>Vita made it jumping twenty two percent to hit a

0:02:17.240 --> 0:02:20.639
<v Speaker 1>record high today. That's after the kidney dialysis services provider

0:02:21.040 --> 0:02:23.400
<v Speaker 1>reported adjusted earnings per share for the first quarter that

0:02:23.600 --> 0:02:27.480
<v Speaker 1>walloped expectations the print, leading Deutsche Bank to upgrade the

0:02:27.480 --> 0:02:30.639
<v Speaker 1>stock to buy, saying that the company's revenue per treatment

0:02:30.880 --> 0:02:34.040
<v Speaker 1>and treatment growth in the first quarter were shining stars.

0:02:33.720 --> 0:02:34.239
<v Speaker 3>Of the print.

0:02:36.400 --> 0:02:40.440
<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

0:02:40.520 --> 0:02:43.079
<v Speaker 2>us throughout the day for the latest roundup of companies

0:02:43.160 --> 0:02:46.280
<v Speaker 2>making news on Wall Street and for the latest market

0:02:46.280 --> 0:02:50.760
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:02:50.840 --> 0:02:54.360
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:02:54.440 --> 0:02:55.919
<v Speaker 2>the Bloomberg Business app.