1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:16,800 --> 00:00:18,720 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,720 --> 00:00:21,639 Speaker 1: I'm Nathan Hager, joined by Bloomberg Stan Curtis on a 6 00:00:21,640 --> 00:00:25,480 Speaker 1: mostly lower Friday morning, but don't tell that to investors. 7 00:00:25,520 --> 00:00:28,480 Speaker 1: In Applied Materials, Dan, good morning. 8 00:00:28,720 --> 00:00:30,880 Speaker 3: Good morning, Nathan. Yeah, it's Friday, so you might as 9 00:00:30,880 --> 00:00:34,200 Speaker 3: well start off with something in the green. That's Applied Materials, 10 00:00:34,200 --> 00:00:37,760 Speaker 3: the semiconductor manufacturer. Those shares are up twelve percent in 11 00:00:37,840 --> 00:00:41,280 Speaker 3: the pre market. That's after the company beat both top 12 00:00:41,400 --> 00:00:44,199 Speaker 3: and bottom line estimates for the fiscal first quarter, and 13 00:00:44,280 --> 00:00:47,160 Speaker 3: it's projecting revenue for this quarter of about seven point 14 00:00:47,200 --> 00:00:50,600 Speaker 3: seven billion dollars. That's ten percent higher than estimates to 15 00:00:51,080 --> 00:00:54,240 Speaker 3: beat beat, and it's also giving strong guidance. A lot 16 00:00:54,280 --> 00:00:56,680 Speaker 3: of this is coming from that AI capex feedbrough that 17 00:00:56,720 --> 00:00:59,040 Speaker 3: we've been talking about. So those companies spending hundreds of 18 00:00:59,040 --> 00:01:02,280 Speaker 3: billions of dollars on building out AI infrastructure this year, 19 00:01:02,480 --> 00:01:05,800 Speaker 3: and that's also benefiting the memory chip demand, So Applied 20 00:01:05,840 --> 00:01:10,280 Speaker 3: Materials benefiting from that. It sees semiconductor equipment specifically growing 21 00:01:10,280 --> 00:01:12,200 Speaker 3: twenty percent this year. So this is one of those 22 00:01:12,240 --> 00:01:15,920 Speaker 3: clear AI winners this morning, up eleven twelve percent right now. 23 00:01:15,840 --> 00:01:19,960 Speaker 1: And the biggest gainer this morning in the pre market. Rivian, 24 00:01:20,160 --> 00:01:24,000 Speaker 1: of all companies ev maker actually doing well. 25 00:01:24,640 --> 00:01:26,840 Speaker 3: That's right, and we just talked about, you know, just 26 00:01:27,120 --> 00:01:29,160 Speaker 3: a week or two, a week or two ago, we 27 00:01:29,160 --> 00:01:31,560 Speaker 3: were talking about Stillant's writing down billions of dollars that 28 00:01:31,600 --> 00:01:34,440 Speaker 3: followed four GM. In general, EV's have been under pressure. 29 00:01:34,480 --> 00:01:38,279 Speaker 3: So this morning Rivian up twenty percent. That's definitely catching 30 00:01:38,319 --> 00:01:40,000 Speaker 3: my eye as the space has been under a lot 31 00:01:40,000 --> 00:01:44,080 Speaker 3: of pressure. So Rivian itself better than expected fourth quarter results. 32 00:01:44,319 --> 00:01:47,880 Speaker 3: It made its first full year gross profit ever at 33 00:01:47,880 --> 00:01:50,120 Speaker 3: one hundred and forty four million dollars, so just the 34 00:01:50,760 --> 00:01:55,520 Speaker 3: gros gross profit turning positive. It expects to sell sixty 35 00:01:55,560 --> 00:01:58,240 Speaker 3: two to sixty seven thousand cars this year and that 36 00:01:58,360 --> 00:02:01,600 Speaker 3: includes the new art which is the lower priced SUV, 37 00:02:01,880 --> 00:02:03,840 Speaker 3: so it's getting in something that it's a little bit 38 00:02:04,120 --> 00:02:07,840 Speaker 3: cheaper onto market and those that guidance really boosting that 39 00:02:07,880 --> 00:02:10,880 Speaker 3: stock again, up twenty percent in pre market, really standing 40 00:02:10,880 --> 00:02:12,960 Speaker 3: out in a space that's been under pressure a lot. 41 00:02:13,080 --> 00:02:15,840 Speaker 1: And we got some earnings from a couple of travel names, 42 00:02:15,840 --> 00:02:17,679 Speaker 1: and it's a couple of different stories here, Dan. 43 00:02:18,320 --> 00:02:21,000 Speaker 3: Yeah, So I'm looking at both Expedia which is down 44 00:02:21,080 --> 00:02:23,840 Speaker 3: six percent, and Airbnb, which is up five percent, And 45 00:02:23,880 --> 00:02:27,040 Speaker 3: this actually seems to come back to the IAI trade. 46 00:02:27,160 --> 00:02:31,760 Speaker 3: So Expedia fasted fourth quarter revenue growth in three years, 47 00:02:31,880 --> 00:02:35,720 Speaker 3: first quarter sales and bookings view better than estimates. Those 48 00:02:35,720 --> 00:02:39,480 Speaker 3: shares are down six percent. Airbnb also had a strong 49 00:02:39,520 --> 00:02:43,000 Speaker 3: four Q also strong current guidance. Those shares are up 50 00:02:43,000 --> 00:02:44,679 Speaker 3: five percent, and a lot of this comes down That 51 00:02:44,720 --> 00:02:47,560 Speaker 3: seems to come down to the AI disruption trade. Airbnb 52 00:02:47,720 --> 00:02:50,400 Speaker 3: has that direct link with hosts, so they are actually 53 00:02:50,400 --> 00:02:52,639 Speaker 3: offering straight through to the host, so that they are 54 00:02:52,639 --> 00:02:55,920 Speaker 3: connecting the host with the customers. Expedia is kind of 55 00:02:55,919 --> 00:02:58,280 Speaker 3: a third party. They're a bit more of a middleman. 56 00:02:58,560 --> 00:03:00,440 Speaker 3: So the market needed to see a little bit more 57 00:03:00,440 --> 00:03:03,080 Speaker 3: to convince them that Expedia was not under threat from AI. 58 00:03:03,280 --> 00:03:05,239 Speaker 3: So those shares are falling down today. 59 00:03:05,240 --> 00:03:07,600 Speaker 1: And at our last thirty seconds stand, you're closing us 60 00:03:07,639 --> 00:03:10,680 Speaker 1: out with the biggest decliner in the pre market. Pinterest, 61 00:03:11,240 --> 00:03:11,799 Speaker 1: that's right. 62 00:03:11,880 --> 00:03:15,840 Speaker 3: So Pinterest projecting first quarter sales below estimates, that's on 63 00:03:15,880 --> 00:03:19,400 Speaker 3: top of lower than expected holiday sales. It comes weeks 64 00:03:19,440 --> 00:03:21,919 Speaker 3: after the company laid off hundreds of workers, so those 65 00:03:21,919 --> 00:03:24,320 Speaker 3: shares are down over twenty percent in the pre market 66 00:03:24,440 --> 00:03:27,919 Speaker 3: right now. The company makes money from ads, particularly home furnishing. 67 00:03:28,040 --> 00:03:31,080 Speaker 3: That sector has been hard from by tariffs, so those 68 00:03:31,080 --> 00:03:34,160 Speaker 3: companies that typically advertise have been reducing their ads bedding, 69 00:03:34,800 --> 00:03:36,320 Speaker 3: so those shares down twenty percent. 70 00:03:37,200 --> 00:03:41,200 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 71 00:03:41,280 --> 00:03:43,880 Speaker 2: us throughout the day for the latest roundup of companies 72 00:03:43,920 --> 00:03:47,040 Speaker 2: making news on Wall Street and for the latest market 73 00:03:47,080 --> 00:03:51,560 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 74 00:03:51,640 --> 00:03:55,120 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 75 00:03:55,200 --> 00:03:56,680 Speaker 2: the Bloomberg Business app.