Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Carol Master along with Tim Stenevik. Let's get to
Speaker 1: some stocks on the move, because we're definitely seeing some
Speaker 1: stuff movement today during the regular session and movement in
Speaker 1: the aftermarket. Bloomberg Television Markets correspondent Normal Linda is here
Speaker 1: in our studio. Where shall we begin, Well, let's take
Speaker 1: a look at AMD.
Speaker 3: I mean, this is the after hours trade that we've
Speaker 3: been keeping an eye on. We're seeing shares of AMD
Speaker 3: down by about five percent right now as we speak.
Speaker 3: Of course, we know this is after the forecast for
Speaker 3: the current period. Disappointed investors. It's essentially the company is
Speaker 3: not really making the AI inroads that a lot of
Speaker 3: the street was anticipating. I mean, take a look at
Speaker 3: its competitor and video. We also were seeing some play
Speaker 3: in the trading day today. We did see shares of
Speaker 3: Nvidia tacker MVDA down to close by lower by two
Speaker 3: point eight percent open AI. Just you know, yesterday we
Speaker 3: got a report that it's unsatisfied with Nvidia's latest AI
Speaker 3: chips and has sought alternatives since last year, so really
Speaker 3: continued to keep an eye on this AI play and
Speaker 3: which companies are able to actually keep up with what
Speaker 3: the Wall Street is really expecting.
Speaker 2: Okay, so that's what's going on with shares of AMD.
Speaker 1: Go ahead, Katy, and we did mention, right, I forgive me.
Speaker 1: I'm like the headlines crossing like crazy. But n Video
Speaker 1: wants to participate in the eventual open AIPO. So that's
Speaker 1: just another I don't know to the nvidious story which
Speaker 1: it was on CNBC. So a lot going on with
Speaker 1: that name, legs. I'm sorry, Tim, Go ahead, Novo.
Speaker 2: Nordisk NVO eighty rs of Novo.
Speaker 1: They took a hit.
Speaker 3: Today, such a bad day for this company. We did
Speaker 3: see shares falling by fifteen percent at the closing bell.
Speaker 3: That's the biggest drop since last July. The company said
Speaker 3: that sales will drop by five to thirteen percent. Pretty
Speaker 3: big range there this year as its weight loss drugs
Speaker 3: Ozembic and Wagovi face even tougher competition an als, we're
Speaker 3: expecting it to of about one point four percent, so
Speaker 3: of course this is a major gap that we're seeing
Speaker 3: also of course, the US government's push to cut drug
Speaker 3: prices is continuing. Toway on this company as well.
Speaker 1: I feel like how quickly that cycled JLP one where
Speaker 1: it was just on fire for how many years?
Speaker 3: Right?
Speaker 1: I felt like we talked AI and the JLP one
Speaker 1: drugs for two or three years straight and they were
Speaker 1: just on fire. And now it's a little bit of
Speaker 1: a reset, safe to say them both you mentioned in video.
Speaker 1: Do want to go there with you, Nora and talk
Speaker 1: a little bit about what Invidia did today? A little
Speaker 1: bit of a drag on the index?
Speaker 3: No, absolutely, we did see shares of Nvidia down by
Speaker 3: about two point eight percent today. As we were talking
Speaker 3: about just a bit ago, the Open AI really being
Speaker 3: unsatisfied with Nvidia's latest AI chips. We're really talking about
Speaker 3: alternatives that this company, Opening Eye has really been looking
Speaker 3: toward as we think about Invidia as a major player
Speaker 3: in this space. So we certainly are seeing a drag
Speaker 3: on Nvidia just pure AMD we were just talking about
Speaker 3: a short while ago. So we really got to keep
Speaker 3: an eye on the space.
Speaker 1: PayPal, let's go there, PayPal.
Speaker 3: Tick er pypl. We're seeing that the stock shod twenty percent,
Speaker 3: the worst stations twenty twenty two and the lowest levels
Speaker 3: is twenty seventeen. This is a new CEO announcement. We'll
Speaker 3: be getting a lot of announcements. We got Disney earlier.
Speaker 3: Also PayPal essentially a HP's CEO, Enrique Larez, will replace
Speaker 3: its CEO Alex Chris. Of course, his turnaround plan has
Speaker 3: really failed to meet expectations, and so we also see
Speaker 3: the company reporting fourth quarter profit and revenue that fell
Speaker 3: short of analyst expectations. But if take a look at
Speaker 3: the stock down about twenty nine percent so far this year. Wow, brutal.
Speaker 1: I know, usually with goh, you don't see a move
Speaker 1: like that. Yeah, is that really a big endorsement? Right, No,
Speaker 1: that's going to be an uphill battle the opposite.
Speaker 3: Yeah.
Speaker 1: I mean the stock was down what thirty two percent
Speaker 1: last year, so it's you know, people want to see
Speaker 1: some different things.
Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with
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