WEBVTT - Super Micro Jumps, AMD Rallies on Upbeat Forecast, Intel Rises

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm Charlie Pella. Let's take a look now with some

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<v Speaker 3>of the stocks on the move, and I'm joined by

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<v Speaker 3>Bloomberg's Avalon Parnell lots of earnings after the close of trading.

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<v Speaker 3>On what they all have in common, these are tech names.

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<v Speaker 3>So let's begin with super Micro. It is jumping. What's

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<v Speaker 3>going on with super Micro after ours?

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<v Speaker 1>Absolutely, that's sicker SMCI. It's up now currently about twenty

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<v Speaker 1>percent post market. That's after the computer hardware company reported

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<v Speaker 1>very much improved margins and gave a profit forecast to

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<v Speaker 1>suggested it's starting to manage the cost of getting those

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<v Speaker 1>AI servers into customers' hands. Bloomberg Intelligent just writing that

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<v Speaker 1>the ten percent gross margin very much overshadowed the sales

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<v Speaker 1>miss in the print. Also important to note that this

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<v Speaker 1>is going to be good news, considering super Micro shares

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<v Speaker 1>have been down about five percent this year as legal

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<v Speaker 1>woes and questions on their accounting practices continue to plague

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<v Speaker 1>the company.

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<v Speaker 3>I have a lot I mentioned that all three are

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<v Speaker 3>tech names, but all three also have something else in common,

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<v Speaker 3>and that is artificial intelligence. Also, after the closer trading

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<v Speaker 3>we heard from Advanced micro Devices, it gave an upbeat forecast.

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<v Speaker 3>Tell me a little bit more about what AMD had

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<v Speaker 3>to say, not only in terms of the current quarter,

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<v Speaker 3>the outlook and also AI.

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<v Speaker 1>Yes, that's a very easy ticker to remember. That's AMD

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<v Speaker 1>currently up now about seven point six percent after the

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<v Speaker 1>company gave a better than expected second quarter forecast as

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<v Speaker 1>it continues to cash in on the AI spending craze.

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<v Speaker 1>Also worth mentioning that it posted a first quarter beat

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<v Speaker 1>practically across the board. Webbush's writing that AMD had stellar

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<v Speaker 1>numbers and that the beat could potentially mean that the

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<v Speaker 1>good times are just going to continue rolling. While Nvidia

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<v Speaker 1>continues to be the top provider of AI processors, AMD

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<v Speaker 1>is really showing that they're continuing to win orders from

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<v Speaker 1>some of the those big spenders.

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<v Speaker 3>All right, And as we continue the conversation about some

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<v Speaker 3>chip names, Intel, another big move for this stock today

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<v Speaker 3>keeps on going. What was the news today involving Intel?

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<v Speaker 1>Yes, so that's ticker i INTC. It jumped thirteen percent

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<v Speaker 1>into the clothes to hit a fresh record high. That's

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<v Speaker 1>after Bloomberg reported that Apple has held conversations with both

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<v Speaker 1>Intel and Samsung about producing processors for its devices in

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<v Speaker 1>the US. Important to emphasize that these talks are very

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<v Speaker 1>much still preliminary and haven't resulted in any orders, but

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<v Speaker 1>investors are taking this as another great positive sign that

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<v Speaker 1>the turnaround for Intel is heading in the right direction.

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<v Speaker 1>And you're absolutely right. Intel shares are up one hundred

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<v Speaker 1>and ninety three percent this year.

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<v Speaker 3>Indeed, and worth pointing out too that the other name

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<v Speaker 3>mentioned their Apple that's stock cup today by two point

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<v Speaker 3>seven percent.

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<v Speaker 2>This stock Movers report from Bloomberg Radio. Check back with

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