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: Take a look at some of the stocks on the
Speaker 1: move Today'm all swinging alongside Scarlett Flulh and we're joined
Speaker 1: by Bloombergh. Christine, you know, Christine, what are you looking at? Well, Paul,
Speaker 1: let's start with the red today, shall we. That is
Speaker 1: in video. Of course, it's been all over the news
Speaker 1: this morning, so it took her. NVDA, those sharps are
Speaker 1: down more than two percent, so we know right that.
Speaker 1: The headline is Soft Banks selling its entire stake in
Speaker 1: Nvidia to bankroll their own AI investments. Now, to put
Speaker 1: it into context, though the steak is worth five point
Speaker 1: eight billion dollars. That's kind of a drop in the
Speaker 1: bucket though, Like for us normal folks, it's a lot
Speaker 1: of money, you know, like I can retire off of that,
Speaker 1: but for these companies it's it's not really that much,
Speaker 1: you know. And Soft Banks saying that they do have
Speaker 1: a lot of projects they want to fund their stargate
Speaker 1: data centers, AI robo manufacturing sites, and so this is
Speaker 1: mainly a necessary financing measure. Very interesting though, because their
Speaker 1: executives were asked, is this you try to stave off
Speaker 1: an AI bubble trying to prepare for that? But they
Speaker 1: kind of sidestepped the questions, CFO Yoshimitsu Goto of Soft
Speaker 1: Banks saying that they can't say whether we're in an
Speaker 1: A bubble or not or not. But this measure is
Speaker 1: merely a financing step, right. If nothing else, it shows
Speaker 1: how much capital is needed to chase AI investments. Let's
Speaker 1: take a look at Paramount's guidance, which I initially typed
Speaker 1: in PA r A but realized that's changed. It's changed
Speaker 1: new Tiger exactly. It's a good peace guy. Yeah, it's
Speaker 1: very It rolls off the timeously, but yes, Paramo's guy.
Speaker 1: Dance peace guy. Those chairs are doing well this morning,
Speaker 1: up more than eleven percent now, so extending some of
Speaker 1: their opening gains there. And again we saw their financial
Speaker 1: report results for the first time since then new investor
Speaker 1: group took over in August. You know, the third quarter
Speaker 1: revenue I'm missing a little bit six point seven billion
Speaker 1: versus analysts forecast for six point eight seven billion. But
Speaker 1: the good news here really is the fact that they
Speaker 1: are raising their cost savings goal it is now three
Speaker 1: billion dollars. They're also planning an additional sixteen hundred person
Speaker 1: workforce reduction, and analysts also commentating on some of the
Speaker 1: errors that they're investing in, so Bloomer Intelligence saying that
Speaker 1: they're really trying to ramp up their investment in content,
Speaker 1: which is going to be a good generator of future revenue.
Speaker 1: And JP Morgan also noting that their main priority at
Speaker 1: the moment is direct to consumer services and that's really
Speaker 1: going to be important in driving engagement and higher quality growth.
Speaker 1: And so they are optimistic in the companies of future
Speaker 1: prospects here and they are they going to buy Slash
Speaker 1: merge with Warner Brothers Discovery.
Speaker 2: That's a big question.
Speaker 1: That's still a big question unanswered right now. Yeah, Yes,
Speaker 1: esday Water. Yeah, let's take a look at Estay later
Speaker 1: as well. So taker el those chairs doing well today.
Speaker 1: They're up six tenth to one percent, so slightly lower
Speaker 1: from their opening games of nearly one percent, but they're
Speaker 1: still up because Argus raised their recognition for the company
Speaker 1: to buy from Holt. They also raise their aps estimates
Speaker 1: for twenty twenty six and twenty twenty seven, and the
Speaker 1: strategists aregus saying that you know, their management has increased
Speaker 1: innovation significantly and they're entering new channels Amazon Premium, Beauty
Speaker 1: for an Alta, all kind of open for the company
Speaker 1: at the moment in terms of where they put their products.
Speaker 1: We did get results from the essay Lauder not too
Speaker 1: long ago at the end of October. Those beat expectations,
Speaker 1: but the Asia Pacific net sales missed estimates, and so
Speaker 1: now investors are going to be looking forward to their
Speaker 1: annual meeting, which is coming up on Thursday.
Speaker 2: The Stock Mover's Report from Bloomberg Radio. Check back with
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