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.
Speaker 2: Let's check in.
Speaker 3: With normal Linda, our Bloomberg Television Markets correspondent for some
Speaker 3: stocks on the move on this Thursday morning. Nora, what
Speaker 3: are you looking at? Well, let's take a look at
Speaker 3: shares of Alphabet, that's taker Google Googl. We're seeing shares
Speaker 3: lower by as much as eight percent on the day.
Speaker 3: That's the worst day since May. And this is after
Speaker 3: we are seeing people really digesting Alphabet's earnings, but they're
Speaker 3: really focused on whether or not its ambitious record spending
Speaker 3: plan is actually too much. I mean, you got Wall
Speaker 3: Street pretty divided about this, but we did see that
Speaker 3: the company did top projections in terms of quarterly revenue
Speaker 3: and essentially just all of its revenue also jumping. It's
Speaker 3: forty eight percent to seventeen point seven billion dollars. That's
Speaker 3: beating the sixteen point two billion dollars that analys initially expected.
Speaker 3: Gemini is also rapidly reaching new users, So a pretty
Speaker 3: good report over across the board, but people still really
Speaker 3: concerned about all the spending on artificial intelligence.
Speaker 2: Yeah, there was a time when you got rewarded for
Speaker 2: upping your kapex madget. Now it's a little bit the
Speaker 2: other way around there. But men, we had some man
Speaker 2: deep singles in the early and said, boy, the numbers
Speaker 2: are really good. Dandling writing numbers are So we'll see
Speaker 2: how that plays out. Stocks down four point six percent
Speaker 2: right now. How about Qualcom?
Speaker 3: Qualcom tickerq COOM shares down as much as eleven percent.
Speaker 3: That's the worst day since twenty twenty three for this company.
Speaker 3: This is after its memory is really weighing on its
Speaker 3: handset outlook. We did see that its revenue forecast was
Speaker 3: weaker than anticipated. Analysts are also saying they're pointing out
Speaker 3: the near term handsets outlook really being impacted by industry
Speaker 3: wide memory supply constraints. That's also the company noting that
Speaker 3: as well. We did see that Bank of America downgraded
Speaker 3: the stock to neutral from buy, also moving its price
Speaker 3: target to one hundred and fifty five dollars from two fifteen.
Speaker 3: So you're certainly seeing Wall Street really trying to figure
Speaker 3: out what this means as we think about just this
Speaker 3: broader idea of a memory shortage, release breading.
Speaker 1: And a big mover once again. It's been a moving
Speaker 1: quite a bit this week. Novo Nordous.
Speaker 3: What interesting news we're getting, especially as we're continuing to
Speaker 3: see all this building up day after day. But what
Speaker 3: we're looking at today with Nova Nordous, this is taker invo.
Speaker 3: We're seeing shares down as much as seven and a
Speaker 3: half percent. That is the lowest level since November. This,
Speaker 3: of course is after telehealth firm Hymns and Hers essentially
Speaker 3: just put out a knockoff version of Novo Nordous weight
Speaker 3: loss pill that's already on the market. So you're certainly
Speaker 3: seeing shares of Hymns and Hers being rewarded, pairing their
Speaker 3: gain substantially up about one percent right now as we speak.
Speaker 3: But Novo Nordous is really getting hit hard by about
Speaker 3: six percent lower right now as we speak.
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