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

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: 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

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Speaker 1: this past week with us to do that as Bloomberg

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Speaker 1: News process at reporter Emily Graffeo. Here in studio, Emily,

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Speaker 1: so let's talk about it. Broadcom.

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Speaker 3: Broadcom was one of the worst performers in the S

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Speaker 3: and P five hundred on the week. It's also having

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Speaker 3: a five day losing streak, which is the longest of

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Speaker 3: the year. This is in part a story about risk

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Speaker 3: assets falling this week after there's uncertainty about the economy,

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Speaker 3: the direction of inflation. We had bad economic data. Broadcome

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Speaker 3: is a chip company, so this is also a company

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Speaker 3: that gets a lot of its revenue from China. In

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Speaker 3: twenty twenty four, it got almost as much revenue from

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Speaker 3: all of the US than China, so well, I had

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Speaker 3: more in the US, but China was kind of right

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Speaker 3: up there in terms of where it gets its revenue,

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Speaker 3: so it could be exposed to more of Trump's tariffs.

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Speaker 3: But overall, tech is really getting batter this week and

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Speaker 3: Broadcom was one of the biggest losers of that trade.

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Speaker 4: This is crazy because you have to go back to

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Speaker 4: a few months ago, and it was Broadcom's earnings report

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Speaker 4: the cause shares in just a matter of a couple

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Speaker 4: weeks to move more than fifty percent higher. That was

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Speaker 4: back in Sepmber. Yeah, you now are back to levels

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Speaker 4: seen almost before those that report came out. It's down

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Speaker 4: thirty two percent since then, right.

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Speaker 3: Yeah, lois it hit the lowest level since December third today.

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Speaker 4: That's crazy.

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Speaker 1: And we know, right this past week we did see

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Speaker 1: foreign officials major tech companies pushing the Trump administratration to

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Speaker 1: kind of rethink some of those chip curbs, especially those

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Speaker 1: who make AI chips. So you know, the industry understands

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Speaker 1: was like the impact right, we're seeing it play out

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Speaker 1: on companies specifically in the industry overall.

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Speaker 3: And the questions on spending on AI too that would

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Speaker 3: weigh on a company like Broadcom.

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Speaker 1: I totally agree, all right, So let's get to Tesla.

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Speaker 1: Interesting week for this.

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Speaker 3: One, Okay, So Tesla, I have to admit I was

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Speaker 3: at a conference earlier this week. I was at the

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Speaker 3: Exchange ETF conference.

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Speaker 4: In Las Vegas in Las Vegas. Yeah, I heard there

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Speaker 4: was like some nice dinners, some nice drinks, some nice gambling.

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Speaker 4: Was there any working.

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Speaker 3: Yeah, there was a lot of working. Tim There was

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Speaker 3: a lot of networking. I mean, you know, a lot

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Speaker 3: of networking happens, and we can't help that. We're in

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Speaker 3: Las Vegas and there's a casino right there. But anyway,

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Speaker 3: I noticed that there were a lot of headlines on

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Speaker 3: Tesla and tariffs, and I wasn't really following it, but

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Speaker 3: you look at it on the week, it's up on

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Speaker 3: the week. Tesla's actually one of the best performers in

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Speaker 3: the S and P five hundred on the week, even

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Speaker 3: though it did fall quite a bit early in the week.

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Speaker 3: I guess the story here is that, out of all

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Speaker 3: of the automakers, because Tesla manufactures in the US, they're

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Speaker 3: a little bit more shielded from the tariffs.

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Speaker 4: Oh yeah, soon Tesla's other autos. Yeah, Tesla's got factories

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Speaker 4: all over the world. But the thing is is the

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Speaker 4: factories here in the US, which are in Fremont, California,

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Speaker 4: and Austin, Texas, they build cars that are meant for

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Speaker 4: the US. The factories in China and the factory in Germany,

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Speaker 4: those are for other markets, so they're not getting hit

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Speaker 4: with tariffs. But Elon Muskus, Carol pointed out earlier this week,

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Speaker 4: right did say that some parts of theirs will be

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Speaker 4: affected by auto tariffs.

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Speaker 2: But you're right.

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Speaker 4: I mean, this is like almost not almost a pure

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Speaker 4: play American company.

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Speaker 3: He said, Tesla. Musk tweeted or made a post on

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Speaker 3: X Tesla's not unscathed. The tariff impact on Tesla's still significant,

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Speaker 3: but I mean when you compare it to GM and Ford,

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Speaker 3: and it was interesting if you look at the drop

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Speaker 3: in Tesla at least on the day. So today Friday

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Speaker 3: lost thirty billion, that's almost the market cap of Ford,

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Speaker 3: so like it lost a Ford. And that is just

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Speaker 3: how much bigger Tesla is compared to the other You know,

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Speaker 3: we say that a.

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Speaker 1: Lot, but every time we do it, it just reminds

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Speaker 1: you how much the auto area has been kind of

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Speaker 1: upended as a result of Elon Musk. It's pretty staggering.

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Speaker 3: Yeah, so the market cap afford thirty eight billion, and

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Speaker 3: it's the loss about thirty billion on Friday.

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Speaker 4: Will you explain what happened with wolf Speed today?

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Speaker 3: I will try As a markets reporter, it caught my

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Speaker 3: eye I, to be honest, had not heard of this

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Speaker 3: company before. They are a tech company, Chips Chips. The

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Speaker 3: stock fell over fifty percent, which is just absolutely wild.

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Speaker 3: We did have a story on Bloomberg that they were

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Speaker 3: struggling to reach a deal with investors to refinance their

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Speaker 3: convertible bonds. I'm just going to read the line. So

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Speaker 3: their shares closed at two dollars fifty nine cents Friday

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Speaker 3: after sinking over fifty percent. A conversion to EQUI would

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Speaker 3: be unlikely unless the price reaches forty seven dollars, which

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Speaker 3: just doesn't really look like that's going to happen. They

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Speaker 3: also named a new CEO on Thursday. But again from

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Speaker 3: my angle, I just look at this. My first thought was, Wow,

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Speaker 3: if you were short with this stock, you much have

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Speaker 3: you must have made a lot of money. And that

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Speaker 3: is what the data from S three Partners said, paper

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Speaker 3: profits of about one hundred and twenty two million on

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Speaker 3: the stocks drop if you were short at least on

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Speaker 3: Friday for wolf Speed.

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Speaker 1: Interesting week for some of these names. Great to check

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Speaker 1: in with you. Emily Graffeo, cross asset reporter at Bloomberg.

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Speaker 2: The Stock Movers podcast 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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