1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:17,760 Speaker 2: Let's check in. 5 00:00:17,760 --> 00:00:20,520 Speaker 3: With normal Linda, our Bloomberg Television Markets correspondent for some 6 00:00:20,600 --> 00:00:23,279 Speaker 3: stocks on the move on this Thursday morning. Nora, what 7 00:00:23,320 --> 00:00:24,919 Speaker 3: are you looking at? Well, let's take a look at 8 00:00:24,920 --> 00:00:29,320 Speaker 3: shares of Alphabet, that's taker Google Googl. We're seeing shares 9 00:00:29,440 --> 00:00:32,120 Speaker 3: lower by as much as eight percent on the day. 10 00:00:32,159 --> 00:00:35,320 Speaker 3: That's the worst day since May. And this is after 11 00:00:35,440 --> 00:00:39,000 Speaker 3: we are seeing people really digesting Alphabet's earnings, but they're 12 00:00:39,040 --> 00:00:42,720 Speaker 3: really focused on whether or not its ambitious record spending 13 00:00:42,800 --> 00:00:45,600 Speaker 3: plan is actually too much. I mean, you got Wall 14 00:00:45,600 --> 00:00:47,920 Speaker 3: Street pretty divided about this, but we did see that 15 00:00:47,960 --> 00:00:50,880 Speaker 3: the company did top projections in terms of quarterly revenue 16 00:00:51,200 --> 00:00:54,360 Speaker 3: and essentially just all of its revenue also jumping. It's 17 00:00:54,400 --> 00:00:57,920 Speaker 3: forty eight percent to seventeen point seven billion dollars. That's 18 00:00:57,960 --> 00:01:02,360 Speaker 3: beating the sixteen point two billion dollars that analys initially expected. 19 00:01:02,720 --> 00:01:06,520 Speaker 3: Gemini is also rapidly reaching new users, So a pretty 20 00:01:06,520 --> 00:01:09,199 Speaker 3: good report over across the board, but people still really 21 00:01:09,200 --> 00:01:12,120 Speaker 3: concerned about all the spending on artificial intelligence. 22 00:01:12,360 --> 00:01:13,960 Speaker 2: Yeah, there was a time when you got rewarded for 23 00:01:14,040 --> 00:01:16,120 Speaker 2: upping your kapex madget. Now it's a little bit the 24 00:01:16,160 --> 00:01:20,039 Speaker 2: other way around there. But men, we had some man 25 00:01:20,040 --> 00:01:21,760 Speaker 2: deep singles in the early and said, boy, the numbers 26 00:01:21,760 --> 00:01:24,200 Speaker 2: are really good. Dandling writing numbers are So we'll see 27 00:01:24,200 --> 00:01:26,360 Speaker 2: how that plays out. Stocks down four point six percent 28 00:01:26,440 --> 00:01:27,360 Speaker 2: right now. How about Qualcom? 29 00:01:27,600 --> 00:01:32,120 Speaker 3: Qualcom tickerq COOM shares down as much as eleven percent. 30 00:01:32,160 --> 00:01:35,240 Speaker 3: That's the worst day since twenty twenty three for this company. 31 00:01:35,520 --> 00:01:38,640 Speaker 3: This is after its memory is really weighing on its 32 00:01:38,680 --> 00:01:41,120 Speaker 3: handset outlook. We did see that its revenue forecast was 33 00:01:41,160 --> 00:01:45,000 Speaker 3: weaker than anticipated. Analysts are also saying they're pointing out 34 00:01:45,040 --> 00:01:49,080 Speaker 3: the near term handsets outlook really being impacted by industry 35 00:01:49,080 --> 00:01:52,080 Speaker 3: wide memory supply constraints. That's also the company noting that 36 00:01:52,120 --> 00:01:54,720 Speaker 3: as well. We did see that Bank of America downgraded 37 00:01:54,720 --> 00:01:57,640 Speaker 3: the stock to neutral from buy, also moving its price 38 00:01:57,680 --> 00:02:00,680 Speaker 3: target to one hundred and fifty five dollars from two fifteen. 39 00:02:00,760 --> 00:02:03,559 Speaker 3: So you're certainly seeing Wall Street really trying to figure 40 00:02:03,560 --> 00:02:05,080 Speaker 3: out what this means as we think about just this 41 00:02:05,240 --> 00:02:08,560 Speaker 3: broader idea of a memory shortage, release breading. 42 00:02:09,040 --> 00:02:12,240 Speaker 1: And a big mover once again. It's been a moving 43 00:02:12,320 --> 00:02:14,000 Speaker 1: quite a bit this week. Novo Nordous. 44 00:02:14,400 --> 00:02:17,000 Speaker 3: What interesting news we're getting, especially as we're continuing to 45 00:02:17,040 --> 00:02:19,320 Speaker 3: see all this building up day after day. But what 46 00:02:19,360 --> 00:02:21,720 Speaker 3: we're looking at today with Nova Nordous, this is taker invo. 47 00:02:21,720 --> 00:02:23,679 Speaker 3: We're seeing shares down as much as seven and a 48 00:02:23,720 --> 00:02:26,639 Speaker 3: half percent. That is the lowest level since November. This, 49 00:02:26,720 --> 00:02:31,200 Speaker 3: of course is after telehealth firm Hymns and Hers essentially 50 00:02:31,320 --> 00:02:33,639 Speaker 3: just put out a knockoff version of Novo Nordous weight 51 00:02:33,639 --> 00:02:36,520 Speaker 3: loss pill that's already on the market. So you're certainly 52 00:02:36,520 --> 00:02:39,799 Speaker 3: seeing shares of Hymns and Hers being rewarded, pairing their 53 00:02:39,800 --> 00:02:43,040 Speaker 3: gain substantially up about one percent right now as we speak. 54 00:02:43,080 --> 00:02:45,240 Speaker 3: But Novo Nordous is really getting hit hard by about 55 00:02:45,280 --> 00:02:47,160 Speaker 3: six percent lower right now as we speak. 56 00:02:48,280 --> 00:02:52,320 Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with 57 00:02:52,400 --> 00:02:55,000 Speaker 1: us throughout the day for the latest roundup of companies 58 00:02:55,040 --> 00:02:58,160 Speaker 1: making news on Wall Street and for the latest market 59 00:02:58,160 --> 00:03:02,000 Speaker 1: moving headlines. Listen to blue Berg Radio Live, catch us 60 00:03:02,040 --> 00:03:05,760 Speaker 1: on YouTube, Bloomberg dot com, and on Applecarplay and Android 61 00:03:05,800 --> 00:03:07,760 Speaker 1: Auto with the Bloomberg Business app.