Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some of the stocks on
Speaker 2: the move today.
Speaker 1: We can do that.
Speaker 3: Bloombergs John Talker, John, what are you looking at? And
Speaker 3: let's head up to western New York near the finger Legs,
Speaker 3: beautiful part of the country. You know them. For Pyrex
Speaker 3: they made the giant telescope mirrors like the one for Hubble.
Speaker 3: They developed the first fiber optic cables. Corning Corning, New York,
Speaker 3: also known as Crystal City surging in Nvidia has born
Speaker 3: five hundred million dollars worth of rights for shares and Corning.
Speaker 3: This is part of a broader partnership between the companies
Speaker 3: and it's all around expanding artificial intelligence infrastructure. As part
Speaker 3: of this strategic partnership, Corny's going to ramp up manufacturing
Speaker 3: capacity to supply the fiber, the optical fiber that AI
Speaker 3: focused data centers used to deploy in Vidia's chips, and
Speaker 3: Vidia actually has struck billions of dollars worth of deals
Speaker 3: like this across the ecosystem. They picking stakes and everything
Speaker 3: from AI model developers and other chip makers like Marvel Technology.
Speaker 3: This is the all effort to fuel growth across the industry.
Speaker 3: And in the statement on this partnership with Corning, Jensen Wong,
Speaker 3: the CEO of in Nvidia, stressing how the effort is
Speaker 3: going to benefit the YOS economy. The AI boom presents
Speaker 3: an opportunity, says to reinvigorate American manufacturing and supply chain.
Speaker 2: I had no idea. Corning is up two hundred and
Speaker 2: sixty two percent in the past year. Ye wow, all right,
Speaker 2: that's a.
Speaker 3: Place to go. The Corning glass The sounds like a
Speaker 3: I've been there.
Speaker 2: Yeah, it's actually really cool.
Speaker 3: It is very cool.
Speaker 2: And they have like a fourteen foot glass like tree
Speaker 2: at Christmas time too, like a glass tree in Cornering,
Speaker 2: New York. Check it out.
Speaker 3: We're gonna have to go visit. And we got to do.
Speaker 3: Walt Disney posting stronger results than expectations, improve profitability at
Speaker 3: the streaming business new movies, and apparently we've all spent
Speaker 3: more at the resorts and on the cruises. Earnings per
Speaker 3: share when you strip out a few items, rising to
Speaker 3: a dollar fifty seven in the second fiscal quarter operating
Speaker 3: income at all three of their divisions, Entertainment, Experiences and Sports,
Speaker 3: beating expectations. Disney says that expects earnings per share to
Speaker 3: grow twelve percent this fiscal year. The directed consumer unit
Speaker 3: that includes Disney Plus streaming service achieving a double digit
Speaker 3: profit margin. This is for the first time. And the
Speaker 3: film studio so strong demand for Avatar, Fire and ash
Speaker 3: Zutopia IIWO and Hoppers. I'm glad my kids are older now.
Speaker 3: The three movies have generated more than three point seven
Speaker 3: billion dollars and the new guy, Josh Demro. The long
Speaker 3: term strategy involves simplifying a lot of things, like they're
Speaker 3: going to try to do one stop shopping on the
Speaker 3: mobile apps. So many mobile apps rights.
Speaker 2: So now I think you're gonna be able to at
Speaker 2: ESPN like on the Disney Plus app. I think, right
Speaker 2: is what they're talking about.
Speaker 3: I suppose. So again, it's all a matter of simplification,
Speaker 3: because right now, you know.
Speaker 2: What they've had cuts though, I mean they have this company,
Speaker 2: especially in their news division, there have been lots and
Speaker 2: lots of job cuts.
Speaker 1: Speaking of the.
Speaker 3: Nurse division, have you I mean, I'm going way off
Speaker 3: track here, but sixty six straight here in Manhattan was
Speaker 3: the ABC.
Speaker 2: Well I used to be in that. I know the
Speaker 2: building has gone, not just ABC, but the building is
Speaker 2: so much history in that building. And now although I
Speaker 2: must say because I was down at the New Studios,
Speaker 2: worked there for a little bit in their gorgeous downtown
Speaker 2: at the mouth of the Holland Tunnel. But yeah, missed
Speaker 2: the big building on sixty six.
Speaker 3: Well, let me wrap up real quick. One of the
Speaker 3: most active A m D of course, reporting after the
Speaker 3: closed irregular trading yesterday, leading challenges in VideA and AI
Speaker 3: computing chips soaring to new heights after a flood of
Speaker 3: data center spending boosted the sales organist.
Speaker 1: The Stockmovers report from Bloomberg Radio. Check back with us
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