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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg Data.

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Speaker 2: Let's take a look at some of the stocks on

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Speaker 2: the move today. I'm Karen Moscow and we're joined by

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Speaker 2: Bloomberg's Dan Curtis and Dan. Good morning. We just heard

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Speaker 2: from Delta Airlines and it's sounding a little upbeat this morning.

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Speaker 3: Good morning, Karen. That's right. Delta Airlines ticker dall those

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Speaker 3: shares are up over three and a half percent in

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Speaker 3: the pre market today. That's as the airline raises its

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Speaker 3: first quarter revenue growth outlook to high single digits. That's

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Speaker 3: from the prior outlook of five to seven percent, so

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Speaker 3: slightly higher this morning. It noted the consumer and corporate demand.

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Speaker 3: Corporate demand trends have accelerated into this month, and it's

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Speaker 3: seeing strong trends across you know, both premium and loyalty

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Speaker 3: lines as well as domestic and international. So it's noted

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Speaker 3: it's it's energy has been a massive headwind potential for

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Speaker 3: these airlines as they burn a off fuel and that's prices.

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Speaker 3: Delta did not it's maintaining capacity flexibility in case elevated

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Speaker 3: fuel prices persist. So overall, those shares up three and

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Speaker 3: a half percent in the pre market.

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Speaker 2: And you're also watching uber It shares on the rise

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Speaker 2: on this partnership with Nvidia involving Robotaxis.

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Speaker 3: That's right, So Uber's partnering with Nvidia to expand that

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Speaker 3: AUTOMAUS vehicle partnership or Robotaxis. The goal is to use

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Speaker 3: in Vidia's Drive Automas vehicle platform, and that's going to

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Speaker 3: be spread out to twenty eight cities by twenty twenty eight.

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Speaker 3: It's going to start in La and San Francisco in

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Speaker 3: the first half of next year, and eventually the robotaxis

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Speaker 3: will operate in North America, Europe, Australia and Asia. That

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Speaker 3: has those shares up nearly three percent in the pre market.

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Speaker 3: Competitor Lift is not going to be outdone, it noted

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Speaker 3: it will also it would also use in Vidia's AI

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Speaker 3: to enhance its systems across global operations. Lift shares up

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Speaker 3: about one percent in the pre market.

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Speaker 2: An analyst move on Sony moving it shares this morning.

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Speaker 1: That's right.

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Speaker 3: So Sony was downgraded to market perform from outperform at Bernstein.

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Speaker 3: This is due to the surge in memory prices from

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Speaker 3: the AI buildout. The Bernstein analyst says that the shortage

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Speaker 3: of memory is unlikely to be addressed anytime soon, and

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Speaker 3: the firm expects prices to remain elevated through twenty twenty seven.

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Speaker 3: That's a potential issue for Sony's hardware margins and the

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Speaker 3: PlayStation gaming unit. It's unlikely that the new PlayStation six

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Speaker 3: will be out on time. Bernstein sees that as getting

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Speaker 3: delayed just because there's so much demand for the components.

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Speaker 2: Tell us a bit about this revenue miss from Microvast.

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Speaker 3: When did you hear that's right?

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Speaker 2: So?

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Speaker 3: Microvast is an advanced battery maker for evs and industrial applications.

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Speaker 3: Last night, it reported fourth quarter revenue of ninety six

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Speaker 3: million dollars That was twenty six percent blow analyst estimates.

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Speaker 3: That has shares down over twenty percent in the pre market.

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Speaker 3: The company also reported a loss of eleven cents of share,

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Speaker 3: and that's against a three cent loss estimate. The company

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Speaker 3: was hit by regulatory changes in South Korea and close

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Speaker 3: and slow customer platform ramp up in a MIA. Shares

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Speaker 3: are already down sixty percent from October's peak, so even

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Speaker 3: more selling in the pre market today.

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Speaker 2: And with about thirty seconds left, we're looking ahead to

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Speaker 2: Lulu Lemon today. Huh.

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Speaker 3: That's right, it's reporting after the bell and the big

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Speaker 3: thing that investors are looking for is any word on

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Speaker 3: the new CEO after Calvin McDonald left the company at

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Speaker 3: the end of January. The new CEO has quite a

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Speaker 3: job ahead of them. The founder, Chip Wilson, is fighting

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Speaker 3: to replace board members. Activist investor Elliott Management has built

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Speaker 3: up a stake, and the company recently recalled Leggings for

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Speaker 3: being see through. So while the numbers will definitely be watched,

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Speaker 3: any movement on a new executive is definitely going to

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Speaker 3: be in the limelight.

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Speaker 1: This Stock Movers report from Bloomberg Radio. Check back with

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Speaker 1: us throughout the day for the latest roundup of companies

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Speaker 1: making news on Wall Street and for the latest market

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Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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Speaker 2: MHM