1
00:00:02,520 --> 00:00:07,360
Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

2
00:00:08,520 --> 00:00:12,440
Speaker 2: The Stock Movers Report, your roundup of companies making moves

3
00:00:12,440 --> 00:00:16,320
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

4
00:00:16,560 --> 00:00:19,520
Speaker 1: I'm Carol Master along with Tim Stenevik. Let's get to

5
00:00:20,200 --> 00:00:22,880
Speaker 1: some stocks on the move, because we're definitely seeing some

6
00:00:22,920 --> 00:00:25,960
Speaker 1: stuff movement today during the regular session and movement in

7
00:00:26,000 --> 00:00:30,000
Speaker 1: the aftermarket. Bloomberg Television Markets correspondent Normal Linda is here

8
00:00:30,080 --> 00:00:32,839
Speaker 1: in our studio. Where shall we begin, Well, let's take

9
00:00:32,840 --> 00:00:33,760
Speaker 1: a look at AMD.

10
00:00:33,960 --> 00:00:35,639
Speaker 3: I mean, this is the after hours trade that we've

11
00:00:35,640 --> 00:00:38,040
Speaker 3: been keeping an eye on. We're seeing shares of AMD

12
00:00:38,120 --> 00:00:41,400
Speaker 3: down by about five percent right now as we speak.

13
00:00:41,400 --> 00:00:43,199
Speaker 3: Of course, we know this is after the forecast for

14
00:00:43,320 --> 00:00:47,240
Speaker 3: the current period. Disappointed investors. It's essentially the company is

15
00:00:47,280 --> 00:00:50,080
Speaker 3: not really making the AI inroads that a lot of

16
00:00:50,120 --> 00:00:52,479
Speaker 3: the street was anticipating. I mean, take a look at

17
00:00:52,520 --> 00:00:54,960
Speaker 3: its competitor and video. We also were seeing some play

18
00:00:55,440 --> 00:00:57,360
Speaker 3: in the trading day today. We did see shares of

19
00:00:57,440 --> 00:01:01,720
Speaker 3: Nvidia tacker MVDA down to close by lower by two

20
00:01:01,720 --> 00:01:05,000
Speaker 3: point eight percent open AI. Just you know, yesterday we

21
00:01:05,120 --> 00:01:08,399
Speaker 3: got a report that it's unsatisfied with Nvidia's latest AI

22
00:01:08,520 --> 00:01:11,800
Speaker 3: chips and has sought alternatives since last year, so really

23
00:01:12,080 --> 00:01:14,280
Speaker 3: continued to keep an eye on this AI play and

24
00:01:14,319 --> 00:01:16,760
Speaker 3: which companies are able to actually keep up with what

25
00:01:16,920 --> 00:01:18,959
Speaker 3: the Wall Street is really expecting.

26
00:01:20,040 --> 00:01:22,360
Speaker 2: Okay, so that's what's going on with shares of AMD.

27
00:01:22,400 --> 00:01:24,360
Speaker 1: Go ahead, Katy, and we did mention, right, I forgive me.

28
00:01:24,440 --> 00:01:27,040
Speaker 1: I'm like the headlines crossing like crazy. But n Video

29
00:01:27,120 --> 00:01:31,560
Speaker 1: wants to participate in the eventual open AIPO. So that's

30
00:01:31,640 --> 00:01:34,360
Speaker 1: just another I don't know to the nvidious story which

31
00:01:34,360 --> 00:01:36,560
Speaker 1: it was on CNBC. So a lot going on with

32
00:01:36,600 --> 00:01:38,920
Speaker 1: that name, legs. I'm sorry, Tim, Go ahead, Novo.

33
00:01:38,720 --> 00:01:40,839
Speaker 2: Nordisk NVO eighty rs of Novo.

34
00:01:40,959 --> 00:01:41,720
Speaker 1: They took a hit.

35
00:01:41,560 --> 00:01:43,880
Speaker 3: Today, such a bad day for this company. We did

36
00:01:43,959 --> 00:01:47,280
Speaker 3: see shares falling by fifteen percent at the closing bell.

37
00:01:47,319 --> 00:01:50,320
Speaker 3: That's the biggest drop since last July. The company said

38
00:01:50,320 --> 00:01:52,920
Speaker 3: that sales will drop by five to thirteen percent. Pretty

39
00:01:52,920 --> 00:01:55,560
Speaker 3: big range there this year as its weight loss drugs

40
00:01:55,560 --> 00:01:59,400
Speaker 3: Ozembic and Wagovi face even tougher competition an als, we're

41
00:01:59,400 --> 00:02:02,120
Speaker 3: expecting it to of about one point four percent, so

42
00:02:02,200 --> 00:02:04,639
Speaker 3: of course this is a major gap that we're seeing

43
00:02:04,680 --> 00:02:06,840
Speaker 3: also of course, the US government's push to cut drug

44
00:02:06,880 --> 00:02:09,119
Speaker 3: prices is continuing. Toway on this company as well.

45
00:02:09,160 --> 00:02:11,359
Speaker 1: I feel like how quickly that cycled JLP one where

46
00:02:11,440 --> 00:02:13,600
Speaker 1: it was just on fire for how many years?

47
00:02:13,720 --> 00:02:13,880
Speaker 3: Right?

48
00:02:14,080 --> 00:02:16,080
Speaker 1: I felt like we talked AI and the JLP one

49
00:02:16,160 --> 00:02:18,639
Speaker 1: drugs for two or three years straight and they were

50
00:02:18,680 --> 00:02:20,160
Speaker 1: just on fire. And now it's a little bit of

51
00:02:20,160 --> 00:02:23,080
Speaker 1: a reset, safe to say them both you mentioned in video.

52
00:02:23,240 --> 00:02:24,840
Speaker 1: Do want to go there with you, Nora and talk

53
00:02:24,880 --> 00:02:27,000
Speaker 1: a little bit about what Invidia did today? A little

54
00:02:27,040 --> 00:02:28,320
Speaker 1: bit of a drag on the index?

55
00:02:28,440 --> 00:02:30,919
Speaker 3: No, absolutely, we did see shares of Nvidia down by

56
00:02:30,919 --> 00:02:33,760
Speaker 3: about two point eight percent today. As we were talking

57
00:02:33,760 --> 00:02:35,839
Speaker 3: about just a bit ago, the Open AI really being

58
00:02:35,919 --> 00:02:39,600
Speaker 3: unsatisfied with Nvidia's latest AI chips. We're really talking about

59
00:02:39,600 --> 00:02:42,519
Speaker 3: alternatives that this company, Opening Eye has really been looking

60
00:02:42,560 --> 00:02:45,560
Speaker 3: toward as we think about Invidia as a major player

61
00:02:45,560 --> 00:02:47,600
Speaker 3: in this space. So we certainly are seeing a drag

62
00:02:47,639 --> 00:02:50,440
Speaker 3: on Nvidia just pure AMD we were just talking about

63
00:02:50,440 --> 00:02:52,000
Speaker 3: a short while ago. So we really got to keep

64
00:02:52,000 --> 00:02:52,720
Speaker 3: an eye on the space.

65
00:02:52,840 --> 00:02:54,840
Speaker 1: PayPal, let's go there, PayPal.

66
00:02:54,480 --> 00:02:58,639
Speaker 3: Tick er pypl. We're seeing that the stock shod twenty percent,

67
00:02:59,080 --> 00:03:01,640
Speaker 3: the worst stations twenty twenty two and the lowest levels

68
00:03:01,720 --> 00:03:04,480
Speaker 3: is twenty seventeen. This is a new CEO announcement. We'll

69
00:03:04,480 --> 00:03:06,400
Speaker 3: be getting a lot of announcements. We got Disney earlier.

70
00:03:06,639 --> 00:03:11,400
Speaker 3: Also PayPal essentially a HP's CEO, Enrique Larez, will replace

71
00:03:11,440 --> 00:03:15,080
Speaker 3: its CEO Alex Chris. Of course, his turnaround plan has

72
00:03:15,120 --> 00:03:18,079
Speaker 3: really failed to meet expectations, and so we also see

73
00:03:18,080 --> 00:03:20,880
Speaker 3: the company reporting fourth quarter profit and revenue that fell

74
00:03:20,919 --> 00:03:23,520
Speaker 3: short of analyst expectations. But if take a look at

75
00:03:23,520 --> 00:03:29,360
Speaker 3: the stock down about twenty nine percent so far this year. Wow, brutal.

76
00:03:31,440 --> 00:03:34,960
Speaker 1: I know, usually with goh, you don't see a move

77
00:03:35,080 --> 00:03:39,040
Speaker 1: like that. Yeah, is that really a big endorsement? Right, No,

78
00:03:39,360 --> 00:03:41,120
Speaker 1: that's going to be an uphill battle the opposite.

79
00:03:41,200 --> 00:03:41,360
Speaker 3: Yeah.

80
00:03:41,360 --> 00:03:42,880
Speaker 1: I mean the stock was down what thirty two percent

81
00:03:42,960 --> 00:03:45,480
Speaker 1: last year, so it's you know, people want to see

82
00:03:45,520 --> 00:03:47,120
Speaker 1: some different things.

83
00:03:47,680 --> 00:03:51,720
Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with

84
00:03:51,800 --> 00:03:54,400
Speaker 2: us throughout the day for the latest roundup of companies

85
00:03:54,440 --> 00:03:57,520
Speaker 2: making news on Wall Street and for the latest market

86
00:03:57,560 --> 00:04:02,040
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

87
00:04:02,120 --> 00:04:05,640
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

88
00:04:05,720 --> 00:04:07,119
Speaker 2: the Bloomberg Business app,