WEBVTT - Applied Materials Soars; Rivian Climbs; Expedia Sinks

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg Stan Curtis on a

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<v Speaker 1>mostly lower Friday morning, but don't tell that to investors.

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<v Speaker 1>In Applied Materials, Dan, good morning.

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<v Speaker 3>Good morning, Nathan. Yeah, it's Friday, so you might as

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<v Speaker 3>well start off with something in the green. That's Applied Materials,

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<v Speaker 3>the semiconductor manufacturer. Those shares are up twelve percent in

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<v Speaker 3>the pre market. That's after the company beat both top

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<v Speaker 3>and bottom line estimates for the fiscal first quarter, and

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<v Speaker 3>it's projecting revenue for this quarter of about seven point

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<v Speaker 3>seven billion dollars. That's ten percent higher than estimates to

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<v Speaker 3>beat beat, and it's also giving strong guidance. A lot

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<v Speaker 3>of this is coming from that AI capex feedbrough that

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<v Speaker 3>we've been talking about. So those companies spending hundreds of

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<v Speaker 3>billions of dollars on building out AI infrastructure this year,

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<v Speaker 3>and that's also benefiting the memory chip demand, So Applied

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<v Speaker 3>Materials benefiting from that. It sees semiconductor equipment specifically growing

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<v Speaker 3>twenty percent this year. So this is one of those

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<v Speaker 3>clear AI winners this morning, up eleven twelve percent right now.

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<v Speaker 1>And the biggest gainer this morning in the pre market. Rivian,

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<v Speaker 1>of all companies ev maker actually doing well.

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<v Speaker 3>That's right, and we just talked about, you know, just

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<v Speaker 3>a week or two, a week or two ago, we

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<v Speaker 3>were talking about Stillant's writing down billions of dollars that

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<v Speaker 3>followed four GM. In general, EV's have been under pressure.

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<v Speaker 3>So this morning Rivian up twenty percent. That's definitely catching

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<v Speaker 3>my eye as the space has been under a lot

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<v Speaker 3>of pressure. So Rivian itself better than expected fourth quarter results.

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<v Speaker 3>It made its first full year gross profit ever at

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<v Speaker 3>one hundred and forty four million dollars, so just the

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<v Speaker 3>gros gross profit turning positive. It expects to sell sixty

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<v Speaker 3>two to sixty seven thousand cars this year and that

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<v Speaker 3>includes the new art which is the lower priced SUV,

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<v Speaker 3>so it's getting in something that it's a little bit

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<v Speaker 3>cheaper onto market and those that guidance really boosting that

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<v Speaker 3>stock again, up twenty percent in pre market, really standing

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<v Speaker 3>out in a space that's been under pressure a lot.

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<v Speaker 1>And we got some earnings from a couple of travel names,

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<v Speaker 1>and it's a couple of different stories here, Dan.

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<v Speaker 3>Yeah, So I'm looking at both Expedia which is down

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<v Speaker 3>six percent, and Airbnb, which is up five percent, And

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<v Speaker 3>this actually seems to come back to the IAI trade.

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<v Speaker 3>So Expedia fasted fourth quarter revenue growth in three years,

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<v Speaker 3>first quarter sales and bookings view better than estimates. Those

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<v Speaker 3>shares are down six percent. Airbnb also had a strong

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<v Speaker 3>four Q also strong current guidance. Those shares are up

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<v Speaker 3>five percent, and a lot of this comes down That

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<v Speaker 3>seems to come down to the AI disruption trade. Airbnb

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<v Speaker 3>has that direct link with hosts, so they are actually

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<v Speaker 3>offering straight through to the host, so that they are

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<v Speaker 3>connecting the host with the customers. Expedia is kind of

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<v Speaker 3>a third party. They're a bit more of a middleman.

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<v Speaker 3>So the market needed to see a little bit more

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<v Speaker 3>to convince them that Expedia was not under threat from AI.

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<v Speaker 3>So those shares are falling down today.

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<v Speaker 1>And at our last thirty seconds stand, you're closing us

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<v Speaker 1>out with the biggest decliner in the pre market. Pinterest,

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<v Speaker 1>that's right.

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<v Speaker 3>So Pinterest projecting first quarter sales below estimates, that's on

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<v Speaker 3>top of lower than expected holiday sales. It comes weeks

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<v Speaker 3>after the company laid off hundreds of workers, so those

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<v Speaker 3>shares are down over twenty percent in the pre market

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<v Speaker 3>right now. The company makes money from ads, particularly home furnishing.

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<v Speaker 3>That sector has been hard from by tariffs, so those

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<v Speaker 3>companies that typically advertise have been reducing their ads bedding,

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<v Speaker 3>so those shares down twenty percent.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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