WEBVTT - Closing Bell: Kenvue Bounces, SoundHound Rallies, Mircon Gives Solid Forecast

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

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<v Speaker 2>This is the closing bell on this stock mover's report.

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<v Speaker 2>The company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenobek, Romain Bostick, and Scarlet Food.

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<v Speaker 3>Let's go back to the S and P five hundred

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<v Speaker 3>to the large caps, two hundred and seventy eight names

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<v Speaker 3>to the upside guys, two hundred and twenty two to

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<v Speaker 3>the downside, and Matt three unchanged.

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<v Speaker 4>Yeah, let's take a look at what the breakdown looks

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<v Speaker 4>like in terms of industry groups. We had most of

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<v Speaker 4>them in the red today. You can see that energy

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<v Speaker 4>was a gainer as the underlying asset was rising. Oil

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<v Speaker 4>is up more than one percent this morning.

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<v Speaker 3>Or this afternoon.

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<v Speaker 4>I should say consumer staples, industrials, and healthcare rising there.

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<v Speaker 4>But everything else in the red, including the all powerful

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<v Speaker 4>and heavy IT and communication services, that's where those hyperscalers

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<v Speaker 4>hide out. Need them to gain in order to have

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<v Speaker 4>any decent traction on the S and P. Five hundred.

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<v Speaker 4>Although I should say we're not that far off of

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<v Speaker 4>the record closed yesterday. What it was a sixty six

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<v Speaker 4>ninety three, I think.

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<v Speaker 1>Yeah, I'm just going to interrupt you here. Micron earnings

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<v Speaker 1>are acrossing the wire right now, the maker of that

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<v Speaker 1>high end memory and swords chips here. For it's fiscal

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<v Speaker 1>fourth quarter, the company says EPs did actually come in

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<v Speaker 1>above estimates three dollars and three cents a share. The street,

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<v Speaker 1>on average was looking for two dollars and eighty four

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<v Speaker 1>cents a share on the revenue side, eleven point three

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<v Speaker 1>to two billion dollars on revenue, a slight beat over

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<v Speaker 1>analyst estimates. On average, they were looking for about eleven

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<v Speaker 1>point one five billion. Gross margin also did expand to

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<v Speaker 1>about forty five point seven percent. There. You just seeing

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<v Speaker 1>a modest increase in the shares here in the after

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<v Speaker 1>hour session, I'm going to dig a little bit deeper

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<v Speaker 1>and try to find some guidance.

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<v Speaker 5>Shares up about one point six percent in the after hours.

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<v Speaker 5>In the press release, Sanjay Morotra, the company's chairman, president,

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<v Speaker 5>and CEO, said that the company's uniquely positioned to capitalize

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<v Speaker 5>on the AI opportunity ahead. He actually calls out being

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<v Speaker 5>the only US based memory manufacturing said, it's a record

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<v Speaker 5>breaking fiscal year, exceptional fourth quarter performance at underscores our

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<v Speaker 5>leadership in tech products and operational execution.

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<v Speaker 3>All right, sounds like the data center business, right, Really

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<v Speaker 3>some outperformance there, he says in the press rove in

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<v Speaker 3>mind that Micron has been on a tear this year.

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<v Speaker 1>Yeah, let's get to the forecast here. The company is

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<v Speaker 1>saying now that for its fiscal first quarter, it is

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<v Speaker 1>guiding revenue in a range of twelve point two to

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<v Speaker 1>twelve point eight billion. The low end of that range

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<v Speaker 1>is above the average of anaal assessments of eleven point

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<v Speaker 1>nine to one. Adjusted EPs being guided in a range

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<v Speaker 1>of three dollars and sixty cents to three dollars and

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<v Speaker 1>ninety cents the low end of that range above the

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<v Speaker 1>average of street estimates of three dollars and five cents,

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<v Speaker 1>and gross margin for the current quarter the company guiding

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<v Speaker 1>fifty point five to fifty two point five percent, the

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<v Speaker 1>low end of that range above the average of analy

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<v Speaker 1>assessments of forty five point seven.

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<v Speaker 2>Yeah.

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<v Speaker 4>I think that's so interesting when you look at not

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<v Speaker 4>only are they going to grow more than the street

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<v Speaker 4>had forecasts, they're going to see bigger margins, right, so

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<v Speaker 4>they're making more money. It's not like they're buying this growth.

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<v Speaker 4>We talk so much about the Well, we've been talking

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<v Speaker 4>so much today and yesterday since about noon. After that

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<v Speaker 4>and Vida announcement about the kind of circular nature of

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<v Speaker 4>this AI infrastructure. Right, open ai wants to buy GPUs

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<v Speaker 4>from Nvidia, and Vidia invests one hundred billion dollars in

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<v Speaker 4>open Ai and then they can afford to pay that revenue. Well,

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<v Speaker 4>it looks like Micron isn't in that position. They're raising

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<v Speaker 4>the revenue, they're raising the profit as well, with.

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<v Speaker 3>Earnings per share also.

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<v Speaker 4>Eclipsing what the street was looking for. So a beat

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<v Speaker 4>on pretty much every level.

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<v Speaker 3>All right, So Micron continuing to trade up about four

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<v Speaker 3>percent here in the aftermarket. I'm going to go back

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<v Speaker 3>to some of the individual gainers in the regular session.

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<v Speaker 3>I think I mentioned Paramount Skuiddance, an outperformer up at

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<v Speaker 3>its highs up twelve percent, finishing the day with a

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<v Speaker 3>gain of about six percent. Remember, Paramount Skuidance is said

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<v Speaker 3>to be preparing a bit for Warner Brothers Discovery. I

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<v Speaker 3>didn't see any real real new news.

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<v Speaker 1>Yeah, why is it up? I haven't all watching this

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<v Speaker 1>all day and I couldn't figure it out.

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<v Speaker 3>I have no idea. At one point it was the

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<v Speaker 3>top gainer in the S and P five hundred, so

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<v Speaker 3>I have no idea. On Friday, we did see CNBC

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<v Speaker 3>talking about an offer that could land in the range

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<v Speaker 3>of twenty two to twenty four per share, although he

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<v Speaker 3>did caution that or the network cautioning that the price

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<v Speaker 3>range was speculative an offer could come later than previously expected.

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<v Speaker 3>So Paramount on a tear Warner Brothers does some TikTok

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<v Speaker 3>was down a hair?

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<v Speaker 4>Why it's because of TikTok, right is it?

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<v Speaker 3>That's just my guess.

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<v Speaker 4>I mean considering Oracle Rose on TikTok yesterday and it's

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<v Speaker 4>like fatherlike son.

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<v Speaker 3>Is that not the case? I don't know, I don't know. Uh,

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<v Speaker 3>Matt says, but tbd, tbd.

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<v Speaker 4>This is this is Larry Ellison's kid, right.

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<v Speaker 3>Yes it is, yes, yes. So as we all start.

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<v Speaker 4>To consume all of our media across short messaging apps

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<v Speaker 4>like TikTok or short video acts like Vine, maybe Paramount

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<v Speaker 4>Skydance somehow gets in online.

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<v Speaker 3>But I would almost say, like if it was maybe

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<v Speaker 3>Fox or something, right, because isn't Murdoch now said to

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<v Speaker 3>be maybe part of it?

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<v Speaker 4>Yeah? Well, Donald Trump said Lachlan was going to be involved.

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<v Speaker 4>As well as Rupert.

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<v Speaker 3>All right, I'm moving along to ken View because this

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<v Speaker 3>one bouncing up seven percent at its highes today, finishing

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<v Speaker 3>the day with the game of about one and a

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<v Speaker 3>half percent. Yeah nicely said, thank you, well done, well done.

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<v Speaker 3>President Trump's Yeah, I mean, listen, there was a rethink.

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<v Speaker 3>There was a lot of doctors. We actually had a

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<v Speaker 3>great doctor on Ari R talking about still planning to

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<v Speaker 3>give it to his patients, doctor.

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<v Speaker 5>Todd Ivy from the American College of Obstetricians.

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<v Speaker 3>And really going by the science and the research that's

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<v Speaker 3>been out that he said, time and all. I mean,

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<v Speaker 3>this is a ceda menaphone has been researched to death

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<v Speaker 3>and has been around for a long time. So keep

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<v Speaker 3>it all the way to death.

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<v Speaker 1>That's a weird choice of words, but okay, yeah, keep going, Carol.

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<v Speaker 3>God bye, missing Katie.

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<v Speaker 5>Is mad in all week.

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<v Speaker 2>He is.

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<v Speaker 3>I'll be here all week. He's serious. It's like heaven.

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<v Speaker 3>My three brothers around, four brothers around. Sorry, sorry for

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<v Speaker 3>one of them, brother forgot all right, for something different,

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<v Speaker 3>I'm going to mention SoundHound up as much as eleven percent.

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<v Speaker 3>It's highs today finished it with a game of about

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<v Speaker 3>four and a quarter percent. Company and seafood restaurant chain

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<v Speaker 3>Red Lobster announced a partnership to roll out an AI

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<v Speaker 3>powered phone ordering agent.

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<v Speaker 1>I love this, I know because I have no idea

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<v Speaker 1>what it means.

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<v Speaker 3>I don't have any idea either. I don't know what

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<v Speaker 3>you're ordering.

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<v Speaker 1>Edge, and so why I can just get my Lobster

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<v Speaker 1>on what like the AI order?

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<v Speaker 3>Is it for me or something? I don't know. I

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<v Speaker 3>don't know, but the shares are epithets. I can tell.

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<v Speaker 3>I'm mon. Red Lobster fansh shares are up about thirty

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<v Speaker 3>percent in the past seven train being in a Red

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<v Speaker 3>Lobster thirty three percent of the float is short. You know.

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<v Speaker 1>It's like, I'm not even black.

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<v Speaker 3>I'm not even listening to you anyway. It's an opperformer

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<v Speaker 3>tip over to you.

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<v Speaker 5>I am going to go with the MAG seven Total

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<v Speaker 5>Return Index Tech taking a hit today Big Tech. All

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<v Speaker 5>seven of the MAG seven ended up falling today, Amazon

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<v Speaker 5>and Nvidia dragging down the index down one point five

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<v Speaker 5>to four percent, actually the worst day in more than

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<v Speaker 5>a month for the group. The MAG seven still collectively

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<v Speaker 5>up around nineteen percent so far this year. Also, keep

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<v Speaker 5>an eye on what happened with a Vertive and other

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<v Speaker 5>electric power equipment companies. Today, Verdive down six point two percent.

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<v Speaker 5>This after Microsoft set it developed an in chip cooling

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<v Speaker 5>system that can essentially cool a server running course services

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<v Speaker 5>for a simulated teams meeting. The announcement coming from a

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<v Speaker 5>blog post from the tech giant. I didn't know those

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<v Speaker 5>were so okay. I didn't know those were so intensive

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<v Speaker 5>when it came to the heat that was produced.

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<v Speaker 1>I mean, that's why it takes so long to load

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<v Speaker 1>on my computer.

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<v Speaker 5>I don't know. No comment there. We also saw shares

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<v Speaker 5>of Eaten and some other electric power equipment companies fall

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<v Speaker 5>on that news. And finally, Firefly Aerospace. This is the

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<v Speaker 5>small rocket launching company that went back to public just

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<v Speaker 5>a little over a month ago ticker fl Y. It

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<v Speaker 5>fell fifteen and a half percent today, this after the

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<v Speaker 5>company came out with second quarter revenue that came in

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<v Speaker 5>short of Wall Street expectations. The company did make history though,

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<v Speaker 5>a few months ago, back in March, when it landed

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<v Speaker 5>its Blue Ghost robotic spacecraft on the surface of the

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<v Speaker 5>Moon that was in partnership with NASA.

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