1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:10,039 --> 00:00:13,520 Speaker 2: This is the closing bell on the stock movers report 3 00:00:13,760 --> 00:00:16,680 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,880 --> 00:00:21,360 Speaker 2: with Carol Masser, Tim Stenoveeck Romain Bostik, and Katie Greifel. 5 00:00:22,440 --> 00:00:24,560 Speaker 3: I'm feeling really group effort, So I want each of 6 00:00:24,600 --> 00:00:28,080 Speaker 3: you to go SPX index des that it could be 7 00:00:28,160 --> 00:00:32,760 Speaker 3: homework and do NDX index des. Look at the one, 8 00:00:32,840 --> 00:00:36,600 Speaker 3: two three top gainers in both of those index Yeah. 9 00:00:36,640 --> 00:00:38,680 Speaker 1: Well, I without even looking, I know where you're going with. 10 00:00:38,600 --> 00:00:40,360 Speaker 3: This, but they're exactly the same. 11 00:00:40,880 --> 00:00:42,720 Speaker 2: Well, that's the world we live in right now. 12 00:00:42,760 --> 00:00:48,200 Speaker 3: I know Amazon, dex Com, and then you've got Monolithic 13 00:00:48,280 --> 00:00:51,480 Speaker 3: Power Systems. Those are the number one, two three gainers 14 00:00:51,720 --> 00:00:54,000 Speaker 3: in the S and P five hundred and Nasdaq one hundred. 15 00:00:54,040 --> 00:00:56,600 Speaker 3: Thanks for playing along, everybody, all right, So Amazon, let's 16 00:00:56,600 --> 00:01:00,360 Speaker 3: get to it of fifteen percent man, just sir, Jing 17 00:01:00,720 --> 00:01:03,480 Speaker 3: the company we know the story reported second quarter results. 18 00:01:03,480 --> 00:01:07,280 Speaker 3: I beat expectations on key metrics, including revenue at AWS 19 00:01:07,319 --> 00:01:11,200 Speaker 3: Amazon Web Services. That revenue to thirty seven percent to 20 00:01:11,240 --> 00:01:14,600 Speaker 3: forty two point two billion, so important. Most of the 21 00:01:14,640 --> 00:01:18,480 Speaker 3: operating profit for Amazon comes from AWS. They raised their 22 00:01:18,520 --> 00:01:21,440 Speaker 3: projection for twenty twenty six CAPEX to two twenty billion 23 00:01:22,080 --> 00:01:24,080 Speaker 3: from a previous estimate of two hundred, so up by 24 00:01:24,120 --> 00:01:27,399 Speaker 3: twenty billion. CEO Andy Jasse saying most of that spending 25 00:01:27,400 --> 00:01:30,320 Speaker 3: would go toward AI, but nonetheless investors love. There was 26 00:01:30,360 --> 00:01:32,800 Speaker 3: so much in that report, but so much that investors like. 27 00:01:32,840 --> 00:01:34,920 Speaker 3: And again that's not got fifteen percent all right. Number 28 00:01:34,959 --> 00:01:37,679 Speaker 3: one gainer in those two indexes, as I mentioned, Number 29 00:01:37,680 --> 00:01:41,640 Speaker 3: two gainer is dex Com. That stock also moving today 30 00:01:41,800 --> 00:01:45,600 Speaker 3: up almost twelve percent. This is after the diabetes device 31 00:01:45,640 --> 00:01:47,960 Speaker 3: maker boosted the lower end of its revenue forecast for 32 00:01:48,000 --> 00:01:50,160 Speaker 3: the full year, falling better than expected results in the 33 00:01:50,200 --> 00:01:52,520 Speaker 3: second quarter. Stocks had a pretty good years, up about 34 00:01:52,560 --> 00:01:55,200 Speaker 3: twenty five percent year to date. Several analysts raising their 35 00:01:55,200 --> 00:01:58,840 Speaker 3: price targets on the stock, including Piper Sandler, Wells, Fargo, Steifil, 36 00:01:58,880 --> 00:02:02,040 Speaker 3: Bayard City a lot of them, and then the third 37 00:02:02,360 --> 00:02:04,200 Speaker 3: top gainer both the S and P five hundred NAS 38 00:02:04,200 --> 00:02:08,839 Speaker 3: DEC one hundred Monolithic power System soaring as much as 39 00:02:09,000 --> 00:02:11,679 Speaker 3: nineteen percent intra day but finishing the day with a 40 00:02:11,680 --> 00:02:14,239 Speaker 3: gain of more than eight percent. It's a semiconductor device 41 00:02:14,320 --> 00:02:17,880 Speaker 3: company reported second quarter results had beat expectations, and they 42 00:02:17,880 --> 00:02:20,640 Speaker 3: gave a revenue forecast that is above the allast consensus. 43 00:02:20,760 --> 00:02:24,160 Speaker 3: Our BI Bloomberg intelligence team said the results validate the 44 00:02:24,160 --> 00:02:28,680 Speaker 3: thesis that the company's expanding penetration and diversification across data 45 00:02:28,840 --> 00:02:31,600 Speaker 3: center infrastructure buildouts are driving growth. 46 00:02:32,919 --> 00:02:35,320 Speaker 1: Okay, I got the decliners and I'm going with all 47 00:02:35,360 --> 00:02:39,240 Speaker 1: superlatives today. We got to start with Apple tumbling after 48 00:02:39,400 --> 00:02:42,600 Speaker 1: component shortages weigh on the company sales forcast shares Apple 49 00:02:42,600 --> 00:02:45,600 Speaker 1: fell by seven point three percent. At one point, this 50 00:02:45,720 --> 00:02:47,520 Speaker 1: was going to be the worst day going back to 51 00:02:48,400 --> 00:02:52,440 Speaker 1: March of twenty twenty, which was the COVID panic. Now 52 00:02:52,480 --> 00:02:54,799 Speaker 1: worst day since April of twenty twenty five, which was 53 00:02:54,840 --> 00:02:58,800 Speaker 1: the so called Liberation Day panic. The company did the 54 00:02:58,800 --> 00:03:02,480 Speaker 1: company's services growth will decelerate in the September quarter. It 55 00:03:02,560 --> 00:03:04,880 Speaker 1: warn't of an impact from regulatory changes to its app 56 00:03:04,880 --> 00:03:07,919 Speaker 1: store business model in the EU and elsewhere. Shares Apple 57 00:03:07,960 --> 00:03:11,799 Speaker 1: once again down by seven point four percent, worst day 58 00:03:11,919 --> 00:03:15,679 Speaker 1: ever for Roadblocks since going public back in twenty twenty one. 59 00:03:15,680 --> 00:03:19,400 Speaker 1: Shares just tumbled twenty such seven percent. Go ahead, ro maneah. 60 00:03:19,400 --> 00:03:21,280 Speaker 1: This whole roadblock story, I mean, just going back the 61 00:03:21,320 --> 00:03:23,799 Speaker 1: last couple of years, just absolutely fascinating and just I 62 00:03:23,800 --> 00:03:25,760 Speaker 1: don't know what the management is doing over there. Well, 63 00:03:26,080 --> 00:03:29,440 Speaker 1: I mean, the safety issue is huge, and Bloomberg BusinessWeek 64 00:03:29,440 --> 00:03:32,880 Speaker 1: has done a great job covering that and what the company. 65 00:03:32,919 --> 00:03:34,960 Speaker 3: They've had so many opportunities to address. 66 00:03:34,639 --> 00:03:37,680 Speaker 1: This, and maybe now it's starting to hit because you've 67 00:03:37,680 --> 00:03:39,640 Speaker 1: got parents saying, well, you're you know, we're not going 68 00:03:39,680 --> 00:03:43,520 Speaker 1: to let our kids on the platform. Daily active users 69 00:03:43,760 --> 00:03:47,800 Speaker 1: missed analyst expectations. The company's users fell short of those estimates. 70 00:03:47,800 --> 00:03:50,520 Speaker 1: Bookings also came in lower than expected. Also the worst 71 00:03:50,600 --> 00:03:54,000 Speaker 1: day ever for Readit. This after the company failed to 72 00:03:54,000 --> 00:03:57,120 Speaker 1: announce any new data licensing agreements in its latest earnings report. 73 00:03:57,120 --> 00:03:59,760 Speaker 1: Reddit shares fell remained by twenty one percent. 74 00:04:01,120 --> 00:04:05,360 Speaker 2: The Stockmovers report from Bloomberg Radio. Check back with us 75 00:04:05,400 --> 00:04:08,200 Speaker 2: throughout the day for the latest roundup of companies making 76 00:04:08,280 --> 00:04:11,880 Speaker 2: news on Wall Street and for the latest market moving headlines. 77 00:04:12,120 --> 00:04:16,120 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 78 00:04:16,160 --> 00:04:19,240 Speaker 2: dot com, and on Applecarplay and Android Auto with the 79 00:04:19,279 --> 00:04:20,640 Speaker 2: Bloomberg Business app.