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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market. Harnessing the power of Bloomberg Data.

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Speaker 3: I'm instead of it. Along with Carol Masser, let's take

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Speaker 3: a look at some stocks on the move today. We're

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Speaker 3: joined by Bloomberg News Equities reporter of Jordan Fitzgerald. Jordan,

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Speaker 3: you're looking at some stocks after hours. You're looking at

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Speaker 3: some stocks that had big moves during the day. Where

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Speaker 3: do you want to start?

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Speaker 4: I think we'll start with what happened during the regular session.

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Speaker 1: AI scare trade it is on.

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Speaker 4: It seems like for the past couple of weeks, all

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Speaker 4: that's happening is is we hear rumblings of a small

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Speaker 4: AI company and an entire industry just sinks because of this.

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Speaker 1: The karaoke machine one, I don't think so what was it? Wait,

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Speaker 1: that's the logistics?

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Speaker 4: Yes, anyway, so go ahead. I wish it were karaoke machines.

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Speaker 4: I'd love to be talking about karaoke machines.

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Speaker 2: Yeah.

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Speaker 4: H Robinson shares down fourteen and a half percent on

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Speaker 4: the day, most since twenty nineteen. Actually in today sunk

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Speaker 4: the most ever before pairing a bit led to clines

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Speaker 4: in logistics names today and this was another AI displacement casualty.

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Speaker 4: Barkley's did come out and say that they thought that

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Speaker 4: the sell off was overdone and actually a buying opportunity

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Speaker 4: for the whole group, particularly s Robinson. But we can't

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Speaker 4: deny that. We just have to be watching for these

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Speaker 4: sudden drops and entire sectors just tanking.

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Speaker 3: Don't worry, there's a karaoke connection. Carols on It Algorithm,

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Speaker 3: which had a market cap of less than five million

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Speaker 3: dollars before today, previously operated as the Singing Machine Company.

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Speaker 3: It sold karaoke products until rebranding in twenty twenty four

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Speaker 3: as an AI logistics firm. The company reported less than

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Speaker 3: two million in sales for the quarter that ended September thirtieth,

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Speaker 3: with a net loss totally three million dollars for the period.

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Speaker 1: Yeah, so it's the trucking logistics.

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Speaker 4: Yeah. I need to know both of your karaoke songs

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Speaker 4: right now.

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Speaker 1: I don't really have fun.

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Speaker 4: Uh do you have fun?

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Speaker 2: Yeah? What yours?

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Speaker 3: Bruce Springsteen Born to Run, Let's do that one.

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Speaker 4: I feel like he doesn't know the name of that song.

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Speaker 1: That doesn't sound like that was his song. Moving along,

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Speaker 1: Let's go to Equinix. What do we need to know

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Speaker 1: tickers Eqix.

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Speaker 4: Yes, Eqix, Equinics. This is kind of the other side

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Speaker 4: of this AI trade where we're looking for stocks that

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Speaker 4: are reaping the benefits of all of this. And it

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Speaker 4: seems to be a theme that the companies that work

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Speaker 4: on the physical side of AI are really doing well.

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Speaker 4: So Equinox Operates Data Centers reported after the belly yesterday,

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Speaker 4: shares up ten point four percent today. That's the best

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Speaker 4: since May twenty twenty four, hitting a June twenty twenty

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Speaker 4: five high, and that really came after It's twenty twenty

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Speaker 4: six guide in speed. And like I said, you know,

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Speaker 4: you have these companies like h Robinson where they think

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Speaker 4: AI is just going to replace everything they do, but

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Speaker 4: you also have companies that need to, you know, build

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Speaker 4: up the AI that's going to replace what everyone else does.

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Speaker 1: That infrastructure play right exactly, Yeah, yeah, yeah, we totally

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Speaker 1: see that play out. All right, that's a good one.

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Speaker 4: Let's go to some of the after ours. There was

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Speaker 4: a big.

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Speaker 1: Batch of earnings after the closing bell. Let's go to Coinbase.

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Speaker 1: This was when everybody was watching very closely.

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Speaker 2: Yes.

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Speaker 4: Coinbase also had a bit of a day in the

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Speaker 4: regular session. Bitcoin was down on the day and Coinbase

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Speaker 4: fell about eight percent today. There was also some issues

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Speaker 4: with the website today. Coinbase had to come out and say,

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Speaker 4: you know, your money's okay, but you might not be

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Speaker 4: able to trade it at the moment. Not exactly what

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Speaker 4: you want to hear him at a big crypto route.

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Speaker 4: But they did then come, he'll be worried anyway, Okay,

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Speaker 4: go ahead. They did come out with their results after

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Speaker 4: the bell. Fourth quarter revenue beat. Fourth quarter EPs was

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Speaker 4: a miss, and initially the stock did fall after earnings

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Speaker 4: before bouncing back. Last I checked, they were up about

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Speaker 4: three percent in the postmarket, and I think this is

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Speaker 4: just coming.

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Speaker 1: Yeah, what a swing.

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Speaker 4: But you know, coinbas is down thirty eight percent this year. Yeah,

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Speaker 4: and so you know, even though crypto's demand is not great,

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Speaker 4: even though crypto's not doing well, the fact that they

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Speaker 4: were able to beat on revenue, I think is a

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Speaker 4: bit of a booy for coinbase. And also it's just

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Speaker 4: down so much this year that it maybe could have

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Speaker 4: used a little the bar might have been lower.

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Speaker 1: Yeah, like people expecting the worst exactly. I mean certainly

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Speaker 1: it's already kind of down.

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Speaker 4: Yeah, I would like to look at the RSI on

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Speaker 4: that one.

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Speaker 1: Yeah, oh, let's do that RSI may now I have

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Speaker 1: this handy dandy machine called the Bloomberg.

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Speaker 4: Never heard.

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Speaker 1: It's definitely oversold. It's just about underneath that.

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Speaker 4: So it makes sense why but it's.

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Speaker 1: Been there for a while for a little bit, and

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Speaker 1: if it come out and help it.

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Speaker 3: Up, yeah, before we let you go. Applied Materials also reporting, Yes.

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Speaker 4: Applied Materials also another infrastructure bet here. It's the largest

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Speaker 4: US supplier of chip maker equipment and shares almost ten

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Speaker 4: percent in the post market. And that came as the

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Speaker 4: first quarter EPs and net sales beat and the second

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Speaker 4: quarter forecast just blew it out of the water. They

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Speaker 4: forecast and adjusted EPs of two eighty four s it

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Speaker 4: was two twenty nine. So that really gave some ammunition

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Speaker 4: for traders to just take that one going.

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Speaker 1: I mean, the stock is of almost thirty percent here

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Speaker 1: already in twenty twenty six, So.

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Speaker 4: Chose this disparity between the soft a I names or

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Speaker 4: where the competition really is and where we need this

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Speaker 4: build out to happen, and the company's helping with that.

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Speaker 2: The stock movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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