Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Charlie Pella. Let's take a look now with some
Speaker 3: of the stocks on the move, and I'm joined by
Speaker 3: Bloomberg's Avalon Parnell lots of earnings after the close of trading.
Speaker 3: On what they all have in common, these are tech names.
Speaker 3: So let's begin with super Micro. It is jumping. What's
Speaker 3: going on with super Micro after ours?
Speaker 1: Absolutely, that's sicker SMCI. It's up now currently about twenty
Speaker 1: percent post market. That's after the computer hardware company reported
Speaker 1: very much improved margins and gave a profit forecast to
Speaker 1: suggested it's starting to manage the cost of getting those
Speaker 1: AI servers into customers' hands. Bloomberg Intelligent just writing that
Speaker 1: the ten percent gross margin very much overshadowed the sales
Speaker 1: miss in the print. Also important to note that this
Speaker 1: is going to be good news, considering super Micro shares
Speaker 1: have been down about five percent this year as legal
Speaker 1: woes and questions on their accounting practices continue to plague
Speaker 1: the company.
Speaker 3: I have a lot I mentioned that all three are
Speaker 3: tech names, but all three also have something else in common,
Speaker 3: and that is artificial intelligence. Also, after the closer trading
Speaker 3: we heard from Advanced micro Devices, it gave an upbeat forecast.
Speaker 3: Tell me a little bit more about what AMD had
Speaker 3: to say, not only in terms of the current quarter,
Speaker 3: the outlook and also AI.
Speaker 1: Yes, that's a very easy ticker to remember. That's AMD
Speaker 1: currently up now about seven point six percent after the
Speaker 1: company gave a better than expected second quarter forecast as
Speaker 1: it continues to cash in on the AI spending craze.
Speaker 1: Also worth mentioning that it posted a first quarter beat
Speaker 1: practically across the board. Webbush's writing that AMD had stellar
Speaker 1: numbers and that the beat could potentially mean that the
Speaker 1: good times are just going to continue rolling. While Nvidia
Speaker 1: continues to be the top provider of AI processors, AMD
Speaker 1: is really showing that they're continuing to win orders from
Speaker 1: some of the those big spenders.
Speaker 3: All right, And as we continue the conversation about some
Speaker 3: chip names, Intel, another big move for this stock today
Speaker 3: keeps on going. What was the news today involving Intel?
Speaker 1: Yes, so that's ticker i INTC. It jumped thirteen percent
Speaker 1: into the clothes to hit a fresh record high. That's
Speaker 1: after Bloomberg reported that Apple has held conversations with both
Speaker 1: Intel and Samsung about producing processors for its devices in
Speaker 1: the US. Important to emphasize that these talks are very
Speaker 1: much still preliminary and haven't resulted in any orders, but
Speaker 1: investors are taking this as another great positive sign that
Speaker 1: the turnaround for Intel is heading in the right direction.
Speaker 1: And you're absolutely right. Intel shares are up one hundred
Speaker 1: and ninety three percent this year.
Speaker 3: Indeed, and worth pointing out too that the other name
Speaker 3: mentioned their Apple that's stock cup today by two point
Speaker 3: seven percent.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the late market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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