Speaker 1: Bloomberg Audio Studios, podcasts, radio News. The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data. I'm Paul Sweeney, sitting
Speaker 1: in with Scarlett fou and we're joined by Bloomberg.
Speaker 2: No, Malina, what Norma? Linda? Thank you?
Speaker 1: What do you got for us?
Speaker 2: Nor? Well, we can't share as a super micro computer.
Speaker 2: That's Tacker SMCI. We're really seeing what was once a
Speaker 2: fan favorite here reporting an unexpectfully issuing a first quarter
Speaker 2: guidance that fell short of the street's estimates. Here. Of course,
Speaker 2: you know the stock is still up about sixty one
Speaker 2: percent year to date, but this is among the worst
Speaker 2: performing stocks in the S and P five hundred right now,
Speaker 2: down as much as seven point six percent here, as
Speaker 2: people really just horse this unexpected delivery here. And also
Speaker 2: we do know that the company's really been working to
Speaker 2: recover from some of its accounting concerns since it missed
Speaker 2: in August twenty twenty four deadline to file its annual
Speaker 2: find outial report here all right, and the first mag
Speaker 2: seven name to report was Tesla, and the stock is down, Yeah,
Speaker 2: lots going on today, I mean profit plunge. This was
Speaker 2: all despite a record quarter of vehicle sales here. This
Speaker 2: is really just underscoring the ongoing streams that we've really
Speaker 2: seen on the automotive business that of course we know
Speaker 2: is owned by Elon Musk here, and we do know
Speaker 2: that he also came on the call toward the end
Speaker 2: saying that he wanted investors essentially back his trillion dollar
Speaker 2: compensation package. So he was really pleading there with investors
Speaker 2: those on his earnings call here. But we are seeing
Speaker 2: shares of Tesla take her TSLA down about two and
Speaker 2: a half percent, but earlier down as much as five
Speaker 2: point seven percent for its worst day since July. And
Speaker 2: we know that this comes after yesterday when the news
Speaker 2: came out that it was recalling almost thirteen thousand of
Speaker 2: its evs over risk of battery power loss. And people
Speaker 2: really just continuing to parse all these different intricacies here
Speaker 2: going on with Tesla. I can't think of a company
Speaker 2: that's more closely aligned with its founder all the way,
Speaker 2: all the way, I mean, I'm thinking back to all
Speaker 2: the years I've done this, I mean, but Elon Musk
Speaker 2: and Tesla, and there's never any talk about a successor
Speaker 2: either No.
Speaker 1: No, that's how it exists. No, I just don't understand.
Speaker 1: But no, it works. If you're a believer there, that's
Speaker 1: for sure, he's made money for your shareholders.
Speaker 2: How about Amazon one that I find super interesting today
Speaker 2: up as much about one point three percent. But this
Speaker 2: is after Amazon said it is rolling out a new
Speaker 2: AI powered tool that will recommend a specific product when
Speaker 2: shoppers are feeling overwhelmed. So this is made essentially for
Speaker 2: the indecisive. Apparently, if you're spending way too much time
Speaker 2: clicking through different products, it's supposed to hop in there
Speaker 2: and start recommending some to narrow it down for you.
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