WEBVTT - Super Micro Computer Falls, Tesla Drops, Amazon Rises on New  AI Shopping Tool

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News. The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data. I'm Paul Sweeney, sitting

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<v Speaker 1>in with Scarlett fou and we're joined by Bloomberg.

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<v Speaker 2>No, Malina, what Norma? Linda? Thank you?

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<v Speaker 1>What do you got for us?

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<v Speaker 2>Nor? Well, we can't share as a super micro computer.

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<v Speaker 2>That's Tacker SMCI. We're really seeing what was once a

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<v Speaker 2>fan favorite here reporting an unexpectfully issuing a first quarter

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<v Speaker 2>guidance that fell short of the street's estimates. Here. Of course,

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<v Speaker 2>you know the stock is still up about sixty one

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<v Speaker 2>percent year to date, but this is among the worst

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<v Speaker 2>performing stocks in the S and P five hundred right now,

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<v Speaker 2>down as much as seven point six percent here, as

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<v Speaker 2>people really just horse this unexpected delivery here. And also

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<v Speaker 2>we do know that the company's really been working to

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<v Speaker 2>recover from some of its accounting concerns since it missed

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<v Speaker 2>in August twenty twenty four deadline to file its annual

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<v Speaker 2>find outial report here all right, and the first mag

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<v Speaker 2>seven name to report was Tesla, and the stock is down, Yeah,

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<v Speaker 2>lots going on today, I mean profit plunge. This was

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<v Speaker 2>all despite a record quarter of vehicle sales here. This

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<v Speaker 2>is really just underscoring the ongoing streams that we've really

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<v Speaker 2>seen on the automotive business that of course we know

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<v Speaker 2>is owned by Elon Musk here, and we do know

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<v Speaker 2>that he also came on the call toward the end

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<v Speaker 2>saying that he wanted investors essentially back his trillion dollar

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<v Speaker 2>compensation package. So he was really pleading there with investors

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<v Speaker 2>those on his earnings call here. But we are seeing

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<v Speaker 2>shares of Tesla take her TSLA down about two and

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<v Speaker 2>a half percent, but earlier down as much as five

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<v Speaker 2>point seven percent for its worst day since July. And

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<v Speaker 2>we know that this comes after yesterday when the news

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<v Speaker 2>came out that it was recalling almost thirteen thousand of

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<v Speaker 2>its evs over risk of battery power loss. And people

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<v Speaker 2>really just continuing to parse all these different intricacies here

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<v Speaker 2>going on with Tesla. I can't think of a company

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<v Speaker 2>that's more closely aligned with its founder all the way,

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<v Speaker 2>all the way, I mean, I'm thinking back to all

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<v Speaker 2>the years I've done this, I mean, but Elon Musk

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<v Speaker 2>and Tesla, and there's never any talk about a successor

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<v Speaker 2>either No.

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<v Speaker 1>No, that's how it exists. No, I just don't understand.

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<v Speaker 1>But no, it works. If you're a believer there, that's

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<v Speaker 1>for sure, he's made money for your shareholders.

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<v Speaker 2>How about Amazon one that I find super interesting today

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<v Speaker 2>up as much about one point three percent. But this

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<v Speaker 2>is after Amazon said it is rolling out a new

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<v Speaker 2>AI powered tool that will recommend a specific product when

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<v Speaker 2>shoppers are feeling overwhelmed. So this is made essentially for

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<v Speaker 2>the indecisive. Apparently, if you're spending way too much time

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<v Speaker 2>clicking through different products, it's supposed to hop in there

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<v Speaker 2>and start recommending some to narrow it down for you.

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