WEBVTT - Alphabet Falls, Qualcomm Drops, Novo Nordisk Falls on Hims & Hers Report

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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.

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<v Speaker 2>Let's check in.

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<v Speaker 3>With normal Linda, our Bloomberg Television Markets correspondent for some

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<v Speaker 3>stocks on the move on this Thursday morning. Nora, what

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<v Speaker 3>are you looking at? Well, let's take a look at

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<v Speaker 3>shares of Alphabet, that's taker Google Googl. We're seeing shares

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<v Speaker 3>lower by as much as eight percent on the day.

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<v Speaker 3>That's the worst day since May. And this is after

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<v Speaker 3>we are seeing people really digesting Alphabet's earnings, but they're

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<v Speaker 3>really focused on whether or not its ambitious record spending

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<v Speaker 3>plan is actually too much. I mean, you got Wall

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<v Speaker 3>Street pretty divided about this, but we did see that

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<v Speaker 3>the company did top projections in terms of quarterly revenue

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<v Speaker 3>and essentially just all of its revenue also jumping. It's

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<v Speaker 3>forty eight percent to seventeen point seven billion dollars. That's

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<v Speaker 3>beating the sixteen point two billion dollars that analys initially expected.

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<v Speaker 3>Gemini is also rapidly reaching new users, So a pretty

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<v Speaker 3>good report over across the board, but people still really

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<v Speaker 3>concerned about all the spending on artificial intelligence.

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<v Speaker 2>Yeah, there was a time when you got rewarded for

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<v Speaker 2>upping your kapex madget. Now it's a little bit the

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<v Speaker 2>other way around there. But men, we had some man

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<v Speaker 2>deep singles in the early and said, boy, the numbers

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<v Speaker 2>are really good. Dandling writing numbers are So we'll see

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<v Speaker 2>how that plays out. Stocks down four point six percent

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<v Speaker 2>right now. How about Qualcom?

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<v Speaker 3>Qualcom tickerq COOM shares down as much as eleven percent.

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<v Speaker 3>That's the worst day since twenty twenty three for this company.

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<v Speaker 3>This is after its memory is really weighing on its

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<v Speaker 3>handset outlook. We did see that its revenue forecast was

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<v Speaker 3>weaker than anticipated. Analysts are also saying they're pointing out

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<v Speaker 3>the near term handsets outlook really being impacted by industry

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<v Speaker 3>wide memory supply constraints. That's also the company noting that

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<v Speaker 3>as well. We did see that Bank of America downgraded

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<v Speaker 3>the stock to neutral from buy, also moving its price

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<v Speaker 3>target to one hundred and fifty five dollars from two fifteen.

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<v Speaker 3>So you're certainly seeing Wall Street really trying to figure

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<v Speaker 3>out what this means as we think about just this

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<v Speaker 3>broader idea of a memory shortage, release breading.

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<v Speaker 1>And a big mover once again. It's been a moving

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<v Speaker 1>quite a bit this week. Novo Nordous.

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<v Speaker 3>What interesting news we're getting, especially as we're continuing to

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<v Speaker 3>see all this building up day after day. But what

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<v Speaker 3>we're looking at today with Nova Nordous, this is taker invo.

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<v Speaker 3>We're seeing shares down as much as seven and a

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<v Speaker 3>half percent. That is the lowest level since November. This,

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<v Speaker 3>of course is after telehealth firm Hymns and Hers essentially

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<v Speaker 3>just put out a knockoff version of Novo Nordous weight

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<v Speaker 3>loss pill that's already on the market. So you're certainly

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<v Speaker 3>seeing shares of Hymns and Hers being rewarded, pairing their

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<v Speaker 3>gain substantially up about one percent right now as we speak.

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<v Speaker 3>But Novo Nordous is really getting hit hard by about

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<v Speaker 3>six percent lower right now as we speak.

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