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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market harnessing the power of Bloomberg Data.

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Speaker 1: Let's take a look at some stocks on the move today.

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Speaker 1: I'm Nathan Hager, joined by Bloomberg's Valerie Titel and talk

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Speaker 1: about stocks on the move this morning after earnings. My goodness,

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Speaker 1: or oclling.

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Speaker 3: I mean Oracle, it is stunning Wall Street up thirty

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Speaker 3: one percent in pre market trade on their earnings call yesterday.

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Speaker 3: It left analysts speechless when it came to their guidance

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Speaker 3: for their cloud revenue, a measure of future contract revenue

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Speaker 3: for their cloud business, surged by three hundred and fifty

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Speaker 3: nine percent. The company is now saying that they have

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Speaker 3: essentially four times the backlog that Google does in the

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Speaker 3: cloud space, which is really astounding given Oracle is only

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Speaker 3: two percent of the cloud of the cloud market share

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Speaker 3: and Google has around twenty percent, So you put those

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Speaker 3: on par with each other, it's really some shocking figures.

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Speaker 3: The company signed four multi billion dollar contracts with three

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Speaker 3: different customers. The CEO said they had an astonishing quarter,

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Speaker 3: and maybe most interestingly, it puts the co founder Larry

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Speaker 3: Ellison on the map to nearly overtake Elon Musk as

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Speaker 3: the world's richest man.

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Speaker 1: Yeah, we're gonna have a lot of Bloomberg terminal customers

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Speaker 1: checking rich Go this morning following those results. And it

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Speaker 1: looks like Oracle's earnings have a tail for some other

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Speaker 1: big tech names to follow.

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Speaker 3: Yeah, especially for ones in their supply chain. We're seeing

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Speaker 3: shares of core Weave up seven and a half percent.

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Speaker 3: Oracles a major cloud infrastructure partner for Corewave. That's that

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Speaker 3: tech stock that went public earlier this year. Also Navidia

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Speaker 3: benefiting from Oracle as well, up nearly two and a

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Speaker 3: half percent in pre market trade. Oracle does buy a

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Speaker 3: lot of Navidia products, so it does seem to be

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Speaker 3: lifting a lot of those in it supply chain. This

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Speaker 3: massive blowout earnings guidance coming from Oracle on their cloud business.

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Speaker 1: Can we say Synopsis has the opposite of a massive

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Speaker 1: blowout in the tech space.

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Speaker 3: Yeah, so this is a little bit of a different

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Speaker 3: picture here Synopsis. The shares are down twenty one percent.

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Speaker 3: Synopsis provides software used to design and test semiconductors. They

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Speaker 3: gave a weak revenue guidance when it came to design

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Speaker 3: IP and a really weak outlook that they said was

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Speaker 3: due to US export restrictions on China, so blaming the

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Speaker 3: trade war in between the US and China for their

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Speaker 3: hampered sales. They also cited an issue with a major

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Speaker 3: foundry customer as well, so a bit of a niche

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Speaker 3: some niche instances hurting Synopsis sales, but China being the

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Speaker 3: weak drag on their revenue and the shares are down

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Speaker 3: twenty one percent pre market.

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Speaker 1: Well, maybe the other big earning story of the morning

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Speaker 1: is outside the tech space outside the US as well,

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Speaker 1: with Nova Nordisk reporting their results.

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Speaker 3: Yeah, Novo Nordisk, the share are up one point one

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Speaker 3: percent at least when it comes to the US ad RS.

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Speaker 3: They planned to cut eleven percent of its workforce by

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Speaker 3: the end of the year, which amounts to around nine

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Speaker 3: thousand jobs globally. They also cut their profit forecasts for

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Speaker 3: the third time this year. Now Novo Nordisk is the

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Speaker 3: maker of Ozembic and we Go Viv. It's really fighting

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Speaker 3: to make up lost ground to rival Eli Lilly in

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Speaker 3: the weight loss market, and this is one of the

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Speaker 3: first bold actions taken by the new CEO who's been

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Speaker 3: at the Helm for just a month, but these prices

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Speaker 3: or what they're saying that they're reducing their workforce is

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Speaker 3: really something we've never seen Novo Nordists do has had

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Speaker 3: some kind of breakneck speed trying to keep up with

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Speaker 3: the weight loss market. But investors are seeming to be

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Speaker 3: cheering this move by the new CEO to cut its staff,

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Speaker 3: and the stock is up one and a quarter percent.

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Speaker 2: This stock mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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