WEBVTT - Corning-Nvidia Deal; Disney Earnings Beat; AMD Soars

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some of the stocks on

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<v Speaker 2>the move today.

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<v Speaker 1>We can do that.

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<v Speaker 3>Bloombergs John Talker, John, what are you looking at? And

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<v Speaker 3>let's head up to western New York near the finger Legs,

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<v Speaker 3>beautiful part of the country. You know them. For Pyrex

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<v Speaker 3>they made the giant telescope mirrors like the one for Hubble.

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<v Speaker 3>They developed the first fiber optic cables. Corning Corning, New York,

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<v Speaker 3>also known as Crystal City surging in Nvidia has born

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<v Speaker 3>five hundred million dollars worth of rights for shares and Corning.

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<v Speaker 3>This is part of a broader partnership between the companies

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<v Speaker 3>and it's all around expanding artificial intelligence infrastructure. As part

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<v Speaker 3>of this strategic partnership, Corny's going to ramp up manufacturing

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<v Speaker 3>capacity to supply the fiber, the optical fiber that AI

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<v Speaker 3>focused data centers used to deploy in Vidia's chips, and

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<v Speaker 3>Vidia actually has struck billions of dollars worth of deals

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<v Speaker 3>like this across the ecosystem. They picking stakes and everything

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<v Speaker 3>from AI model developers and other chip makers like Marvel Technology.

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<v Speaker 3>This is the all effort to fuel growth across the industry.

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<v Speaker 3>And in the statement on this partnership with Corning, Jensen Wong,

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<v Speaker 3>the CEO of in Nvidia, stressing how the effort is

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<v Speaker 3>going to benefit the YOS economy. The AI boom presents

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<v Speaker 3>an opportunity, says to reinvigorate American manufacturing and supply chain.

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<v Speaker 2>I had no idea. Corning is up two hundred and

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<v Speaker 2>sixty two percent in the past year. Ye wow, all right,

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<v Speaker 2>that's a.

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<v Speaker 3>Place to go. The Corning glass The sounds like a

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<v Speaker 3>I've been there.

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<v Speaker 2>Yeah, it's actually really cool.

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<v Speaker 3>It is very cool.

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<v Speaker 2>And they have like a fourteen foot glass like tree

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<v Speaker 2>at Christmas time too, like a glass tree in Cornering,

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<v Speaker 2>New York. Check it out.

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<v Speaker 3>We're gonna have to go visit. And we got to do.

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<v Speaker 3>Walt Disney posting stronger results than expectations, improve profitability at

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<v Speaker 3>the streaming business new movies, and apparently we've all spent

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<v Speaker 3>more at the resorts and on the cruises. Earnings per

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<v Speaker 3>share when you strip out a few items, rising to

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<v Speaker 3>a dollar fifty seven in the second fiscal quarter operating

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<v Speaker 3>income at all three of their divisions, Entertainment, Experiences and Sports,

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<v Speaker 3>beating expectations. Disney says that expects earnings per share to

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<v Speaker 3>grow twelve percent this fiscal year. The directed consumer unit

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<v Speaker 3>that includes Disney Plus streaming service achieving a double digit

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<v Speaker 3>profit margin. This is for the first time. And the

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<v Speaker 3>film studio so strong demand for Avatar, Fire and ash

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<v Speaker 3>Zutopia IIWO and Hoppers. I'm glad my kids are older now.

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<v Speaker 3>The three movies have generated more than three point seven

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<v Speaker 3>billion dollars and the new guy, Josh Demro. The long

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<v Speaker 3>term strategy involves simplifying a lot of things, like they're

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<v Speaker 3>going to try to do one stop shopping on the

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<v Speaker 3>mobile apps. So many mobile apps rights.

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<v Speaker 2>So now I think you're gonna be able to at

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<v Speaker 2>ESPN like on the Disney Plus app. I think, right

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<v Speaker 2>is what they're talking about.

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<v Speaker 3>I suppose. So again, it's all a matter of simplification,

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<v Speaker 3>because right now, you know.

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<v Speaker 2>What they've had cuts though, I mean they have this company,

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<v Speaker 2>especially in their news division, there have been lots and

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<v Speaker 2>lots of job cuts.

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<v Speaker 1>Speaking of the.

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<v Speaker 3>Nurse division, have you I mean, I'm going way off

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<v Speaker 3>track here, but sixty six straight here in Manhattan was

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<v Speaker 3>the ABC.

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<v Speaker 2>Well I used to be in that. I know the

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<v Speaker 2>building has gone, not just ABC, but the building is

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<v Speaker 2>so much history in that building. And now although I

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<v Speaker 2>must say because I was down at the New Studios,

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<v Speaker 2>worked there for a little bit in their gorgeous downtown

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<v Speaker 2>at the mouth of the Holland Tunnel. But yeah, missed

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<v Speaker 2>the big building on sixty six.

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<v Speaker 3>Well, let me wrap up real quick. One of the

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<v Speaker 3>most active A m D of course, reporting after the

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<v Speaker 3>closed irregular trading yesterday, leading challenges in VideA and AI

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<v Speaker 3>computing chips soaring to new heights after a flood of

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<v Speaker 3>data center spending boosted the sales organist.

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<v Speaker 1>The Stockmovers report from Bloomberg Radio. Check back with us

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