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: We're gonna look at some of the stocks and the
Speaker 1: move today with me Lisa Matteo, Paul Sreenium, Tom King,
Speaker 1: Good morning, Lisa Mattel.
Speaker 3: Let me guess du du You got it exactly. Intel
Speaker 3: n Video, That's what we're talking about. It's sticker I
Speaker 3: in TC, Sticker NVDA and the Big Tech news. Yeah,
Speaker 3: Vida investing five billion dollars in Intel plans to cod
Speaker 3: design data center PC chips. So in Video shares have
Speaker 3: been up as much as three percent before the open
Speaker 3: and Intel has been up as much as thirty percent
Speaker 3: before the open. So if you look under the hood,
Speaker 3: Intel is basically going to use in videos graphics technology
Speaker 3: and their upcoming PC chips. Then they're going to provide
Speaker 3: processorss processors easy to say, for data centers, products that
Speaker 3: are built in videos hardware. Okay, so Ed Ludlow, he
Speaker 3: talked about this. It's going to put them in better
Speaker 3: competition with companies like Advanced micro Devices. And this was
Speaker 3: also talked about how it's more kind of good news
Speaker 3: for Intel because they really needed it. I mean, you
Speaker 3: had the US government took a roughly ten percent stake
Speaker 3: in Intel, you had japan Soft Bank, they surprised with
Speaker 3: their own two billion dollar investment. And then Intel's also
Speaker 3: raising cash by selling assets to investors too. So a
Speaker 3: lot to take in this morning. That really came out
Speaker 3: strong this morning. Another stock on the move is restaurant
Speaker 3: operator Darden Restaurants ticker DRII. Their shares have been down
Speaker 3: as much as six percent. Their company, their base in Orlando.
Speaker 3: There were just at earnings for share missed expectations, but
Speaker 3: it also reported a miss on same store sales at
Speaker 3: Olive Garden. That was a big downfall for them. I know, Okay,
Speaker 3: what also fell short? It was as comparable sales growth,
Speaker 3: because that's like that key industry metric. It fell short
Speaker 3: at both Olive Garden but also Long House Course a
Speaker 3: steak steakhouse, and Fellow.
Speaker 1: That's bad.
Speaker 3: I'm not going there.
Speaker 1: I'm going there right now.
Speaker 3: Let's not go there.
Speaker 1: Why are we going to get an email from Long
Speaker 1: Long Horse. That's that's folks, I think. Could I get
Speaker 1: a response from the control room? Was that the worst
Speaker 1: gaff we've ever done. Our global technical director, Yes, save
Speaker 1: us and finish the stock moovers.
Speaker 3: We fun out Cracker Barrel our l shares of town
Speaker 3: eight percent. Yes, the sales guideance mixed expectations. Right, But
Speaker 3: the big thing is that's still in dealing with that
Speaker 3: fallout from that logo change. It's not going away, I know, Paul.
Speaker 3: Even President Trump went in, right, they did stop the
Speaker 3: logo change. They stopped the plans to remodel the restaurants,
Speaker 3: but the company CEO said had already spent twenty million
Speaker 3: dollars on the remodels last year. Okay, now they plan
Speaker 3: to remodel those. Yeah, so they're going to put it
Speaker 3: back to how it used to look after spending that money.
Speaker 3: And since they'd announced that local change, foot traffic of
Speaker 3: the CEO said it fells eight percent. So people did
Speaker 3: stop going back to the rest of trust after that,
Speaker 3: and they said it's expected to fall seven to eight
Speaker 3: percent in the fiscal first quarter.
Speaker 2: The Stock Mover's Report from Bloomberg Radio. Check back with
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