WEBVTT - Cisco Soars, Ford Climbs, Regenxbio Sinks

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

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm Carol Masser along with Tim Stentemick. Let's get to

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<v Speaker 3>some stocks on the move. And to be fair, we

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<v Speaker 3>do mention Cerebras because it is an IPO, the biggest

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<v Speaker 3>one of the year, and the stock is up seventy

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<v Speaker 3>four percent as we speak, but it was up as

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<v Speaker 3>much as one hundred and eight percent. It was an

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<v Speaker 3>oversubscribed IPO, and yeah, please, it's part of the AI

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<v Speaker 3>story and the semiconductor story. So interesting, interesting, interesting. So

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<v Speaker 3>ticker is CBRS. Let's go to another technique.

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<v Speaker 1>Yeah, it was one hundred and eighty five dollars IPO price. Okay,

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<v Speaker 1>that's what the number I was going for.

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<v Speaker 3>Okay, sorry, I couldn't read your mind. Let's bring it up.

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<v Speaker 3>It's been a long WEEKO.

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<v Speaker 1>You have to be with me for two more hours.

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<v Speaker 3>I know we've realized in the last twenty four hours.

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<v Speaker 3>We went to a breakfast together, we did a show together,

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<v Speaker 3>we went to kind of a dinner thing together.

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<v Speaker 1>And then I was like we gotta go.

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<v Speaker 3>He's like, I don't want to see you for a while.

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<v Speaker 3>I do want to see avalon Pronell. She's Blimberg News

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<v Speaker 3>Equities Report, and she joins us in studio with stocks.

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<v Speaker 4>Oh the move.

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<v Speaker 3>Let's talk about Cisco absolutely.

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<v Speaker 4>That's ticker CSCO currently up about thirteen percent to hit

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<v Speaker 4>a record intraday high. That's after reporting third quarter results

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<v Speaker 4>that very much came above expectations and also boosting its

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<v Speaker 4>full year outlook. Worth noting that it did also announce

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<v Speaker 4>job cuts as it continues to focus on sending those

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<v Speaker 4>resources towards AI. But Morgan Stanley said that their AI

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<v Speaker 4>preparation is really helping the company hit a growth rate

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<v Speaker 4>that they haven't achieved in fifteen years.

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<v Speaker 3>That's amazing, just soaring. And there was a period go

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<v Speaker 3>back a little bit where I think people were concerned

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<v Speaker 3>they were going to miss the whole AI craze, and

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<v Speaker 3>here they.

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<v Speaker 4>Are definitely proving some people wrong.

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<v Speaker 3>Yeah, exactly, exact, exactly where should we go next?

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<v Speaker 4>Forward? A different name that has also been kind of

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<v Speaker 4>popping on the AI trade that you wouldn't expect. That's

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<v Speaker 4>ticker f It's currently up about five point six percent

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<v Speaker 4>and on pace to notch it's best two day gains

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<v Speaker 4>since twenty twenty. That's partially because it's extending those gains

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<v Speaker 4>as investor enthusiasm for AI and more specifically, the automaker's

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<v Speaker 4>pivot toward energy storage builds. Part of that hype is

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<v Speaker 4>because of Morgan Stanley's great note yesterday, very bullish, saying

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<v Speaker 4>that the automaker's energy storage business could make a deal

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<v Speaker 4>with Hyperscalers soon, and we already know that's very much

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<v Speaker 4>involved with AI.

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<v Speaker 1>There are some analysts who are cautioning that the hype

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<v Speaker 1>around this energy storage a business could be short lived.

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<v Speaker 1>The stock is vulnerable to a quick reversal, but in

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<v Speaker 1>some have warned that the rally seems more like momentum

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<v Speaker 1>driven than a sober reevaluation of its prospects. That said,

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<v Speaker 1>this two day increase is pretty remarkable.

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<v Speaker 4>Exactly, and Celia is putting a lot of money towards

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<v Speaker 4>that as well.

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<v Speaker 3>Sounds like we could do a debate right to these

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<v Speaker 3>analysts right in terms of what they're thinking, which is

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<v Speaker 3>which is really interesting, but gosh, Ford, we're just a

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<v Speaker 3>different narrative that we're talking.

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<v Speaker 1>She wants to go biotech.

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<v Speaker 3>We have to how do you.

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<v Speaker 4>Say this company region x Bio, that's ticker rgn X.

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<v Speaker 4>It is sinking thirty seven percent most inter day on record.

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<v Speaker 4>Part of that is because they reported that two of

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<v Speaker 4>their patients who were taking this gene therapy had significant

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<v Speaker 4>complications or side effects. And while the goals were met

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<v Speaker 4>for this drug it's treating a very deadly muscular disease,

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<v Speaker 4>investors remain skittish. Serepta is also treating the same thing,

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<v Speaker 4>and they had a lot of issues last year, as

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<v Speaker 4>you guys remember, and so there's a lot of questions

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<v Speaker 4>of will just be able to make that accelerated approval

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<v Speaker 4>or not.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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