1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,760 --> 00:00:18,159 Speaker 2: Let's take a look at some of the stocks on 5 00:00:18,200 --> 00:00:21,279 Speaker 2: the move today. I'm Paul Swinging with Lisa Matteo and 6 00:00:21,280 --> 00:00:23,599 Speaker 2: we're joined by Bloombergs, Tatiana Dari Tatiana. What are you 7 00:00:23,600 --> 00:00:24,240 Speaker 2: looking at today? 8 00:00:24,840 --> 00:00:28,400 Speaker 3: Looking at Let's start off with Nvidia and AMD. Those 9 00:00:28,400 --> 00:00:31,160 Speaker 3: stocks are on the move after the companies agreed to 10 00:00:31,200 --> 00:00:35,400 Speaker 3: pay fifteen percent of their revenues from Chinese AI chip 11 00:00:35,440 --> 00:00:38,919 Speaker 3: sales to the US government for export licenses. And we're 12 00:00:38,960 --> 00:00:41,760 Speaker 3: seeing sort of divergent reactions and Vida lower by about 13 00:00:41,760 --> 00:00:44,920 Speaker 3: half a percent, AMD hire by about half a percent. 14 00:00:45,040 --> 00:00:47,960 Speaker 3: Because this is a really sort of a mixed story 15 00:00:48,000 --> 00:00:52,199 Speaker 3: when it comes to immediate revenue, right it has it's 16 00:00:52,280 --> 00:00:55,840 Speaker 3: better than an outright ban, which we have seen in April, 17 00:00:56,280 --> 00:00:59,720 Speaker 3: but it caps sort of the revenue boost because you'll 18 00:00:59,720 --> 00:01:02,320 Speaker 3: have to give away fifteen percent of it to the 19 00:01:02,400 --> 00:01:04,959 Speaker 3: US government. The deal raises a lot of eyebrows on 20 00:01:05,000 --> 00:01:08,720 Speaker 3: Wall Street. Obviously it's an unusual agreement. It is making 21 00:01:08,760 --> 00:01:12,119 Speaker 3: a lot of people nervous, and there's still a lot 22 00:01:12,120 --> 00:01:14,840 Speaker 3: of uncertainty about how China will take it, and ALYS 23 00:01:15,000 --> 00:01:18,120 Speaker 3: saying that Beijing, which has grown increasingly hostile to the 24 00:01:18,520 --> 00:01:22,039 Speaker 3: idea of Chinese firms deploying the Age twenty from Nvidia, 25 00:01:22,240 --> 00:01:26,520 Speaker 3: is unlikely to warm to the idea of a chip attax. 26 00:01:26,640 --> 00:01:30,600 Speaker 3: But as when it relates to the revenue, it is 27 00:01:30,680 --> 00:01:35,200 Speaker 3: a significant portion of their revenue. China is about thirteen 28 00:01:35,240 --> 00:01:39,360 Speaker 3: percent of Nvidia's total sales, well twenty four percent of AMD, 29 00:01:39,520 --> 00:01:43,679 Speaker 3: So the potential there ranges from somewhere between three to 30 00:01:43,800 --> 00:01:47,480 Speaker 3: five billion for AMD or five to seven forum VideA, 31 00:01:47,560 --> 00:01:49,680 Speaker 3: but there's still a lot of uncertainty of how much 32 00:01:49,920 --> 00:01:52,280 Speaker 3: of that they can actually generate in the near term. 33 00:01:52,560 --> 00:01:54,120 Speaker 3: Thank you for breaking that down, because I don't wondring 34 00:01:54,160 --> 00:01:55,960 Speaker 3: how much of a percentage. 35 00:01:55,480 --> 00:01:57,680 Speaker 1: Is that, So we go stick with chips. 36 00:01:57,720 --> 00:01:59,880 Speaker 3: One of the best performing chip stacks this year, micro 37 00:02:00,080 --> 00:02:03,360 Speaker 3: Their shares are doing better. Micron Tech up about four 38 00:02:03,360 --> 00:02:05,400 Speaker 3: percent right now. This is the maker of a high 39 00:02:05,600 --> 00:02:09,519 Speaker 3: bandwidth memory, a sort of key component in AI computing 40 00:02:09,720 --> 00:02:14,040 Speaker 3: used alongside Nvidia processors, and they came out and raised 41 00:02:14,040 --> 00:02:18,040 Speaker 3: their fiscal fourth quarter revenue and earnings outlook, citing improved 42 00:02:18,240 --> 00:02:22,680 Speaker 3: pricing as demand for AI remains robust but supply is constraint, 43 00:02:22,760 --> 00:02:25,480 Speaker 3: which allows them to raise pricing. And this comes as 44 00:02:25,480 --> 00:02:29,320 Speaker 3: a relief because Micron disappointed investors back in June with 45 00:02:29,480 --> 00:02:32,160 Speaker 3: its outlook that felt short of expectations. So this is 46 00:02:32,200 --> 00:02:35,600 Speaker 3: when they're reported earnings today. They're kind of coming out 47 00:02:35,600 --> 00:02:39,239 Speaker 3: with disclosures in regards to a conference they'll be attending, 48 00:02:39,840 --> 00:02:43,840 Speaker 3: and they're coming in with this more bullish forecast, which 49 00:02:44,280 --> 00:02:48,920 Speaker 3: is relief for investors. Shares up about four percent. Your 50 00:02:49,000 --> 00:02:50,040 Speaker 3: tickers m U. 51 00:02:50,880 --> 00:02:54,400 Speaker 2: It's tech story, the AI story, it's in full force. 52 00:02:54,520 --> 00:02:56,840 Speaker 2: I don't think it just hasn't lost anything in my opinion, 53 00:02:56,840 --> 00:02:57,320 Speaker 2: I don't. 54 00:02:57,120 --> 00:02:59,799 Speaker 3: Know the A theme leaves on exactly hard. 55 00:03:00,440 --> 00:03:02,520 Speaker 2: Tiffany Brand's little lootle box. 56 00:03:03,440 --> 00:03:07,440 Speaker 3: Till Ray brands actually will be looking at cannabis stocks, yes, 57 00:03:07,480 --> 00:03:10,679 Speaker 3: because an important story there for them. At til Ray. 58 00:03:10,760 --> 00:03:15,480 Speaker 3: Your ticker is TLRY up about twenty one percent, and 59 00:03:15,520 --> 00:03:20,200 Speaker 3: it's peers, Chronos Group, Academy are also up a similar amount. 60 00:03:20,400 --> 00:03:23,000 Speaker 3: This is after a Wall Street Journal report that President 61 00:03:23,040 --> 00:03:27,959 Speaker 3: Trump is considering reclassifying marijuana as a list dangerous drugs, 62 00:03:27,960 --> 00:03:31,320 Speaker 3: and the reporting comes from a fundraiser at Trump's New 63 00:03:31,400 --> 00:03:34,680 Speaker 3: Jersey golf club earlier this month, where he sort of 64 00:03:34,760 --> 00:03:38,280 Speaker 3: hinted that he was interested in change. This would obviously 65 00:03:38,400 --> 00:03:41,800 Speaker 3: be a big milestone for cannabis companies, which have been 66 00:03:41,880 --> 00:03:44,520 Speaker 3: lobbying for this for a long time. As a reminder, 67 00:03:44,640 --> 00:03:47,640 Speaker 3: marijuana is legal at the state level and some states 68 00:03:47,680 --> 00:03:50,800 Speaker 3: illegal at the federal level, and these companies have been 69 00:03:51,000 --> 00:03:54,920 Speaker 3: lobbying very hard to reclassify it to as Schedule three drug, 70 00:03:54,960 --> 00:03:57,839 Speaker 3: which wouldn't make it totally legal, but it would make 71 00:03:57,880 --> 00:04:01,440 Speaker 3: a subject to less restrictions. Would be a big milestone 72 00:04:01,440 --> 00:04:02,640 Speaker 3: for cannabis stocks. 73 00:04:02,640 --> 00:04:08,000 Speaker 1: Here the Stockmovers Report from Bloomberg Radio. Check back with 74 00:04:08,080 --> 00:04:10,640 Speaker 1: us throughout the day for the latest roundup of companies 75 00:04:10,720 --> 00:04:13,840 Speaker 1: making news on Wall Street and for the latest market 76 00:04:13,880 --> 00:04:18,320 Speaker 1: moving headlines. 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