WEBVTT - VSCO and HPE Jump; Marvell on the Rise

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market harnessing the power of Bloomberg data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Tom Keane with bol Sweeney and Bloomberg's Alexis christoffers.

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<v Speaker 4>And here's what's grabbing my attention. Hewlett Packard Enterprise ticker

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<v Speaker 4>symbole HPE up twenty nine percent. It delivered a historic

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<v Speaker 4>fiscal second quarter earnings report, absolutely crushed a Wall Street forecasts.

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<v Speaker 4>But you know what, the stock had already been up

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<v Speaker 4>sixty percent in just the past month.

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<v Speaker 1>Yep for Hewlett pass even I could have made money

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<v Speaker 1>trading this one. And I saw the Dell numbers last week,

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<v Speaker 1>I'm like, yeah, by HP if Dell's kick absolutely right?

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<v Speaker 1>And yeah, sure enough they did.

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<v Speaker 4>It was a high bar after you know, it's rival

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<v Speaker 4>Dell came out with their blowout earnings. But HP giving

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<v Speaker 4>an outlook for annual sales at topped estimates. It is

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<v Speaker 4>citing again where sound like broken records, but citing massive

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<v Speaker 4>growth in AI fuel demand for its servers and networking.

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<v Speaker 4>Is what we're seeing is these traditional server companies equipment

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<v Speaker 4>makers are really beneficiaries of the AI trade. And you

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<v Speaker 4>may not have called that at the beginning of the

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<v Speaker 4>AI two.

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<v Speaker 3>The market cap, I don't think it's sixty two trillion.

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<v Speaker 1>I know it's sixty two billion.

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<v Speaker 3>It's a small cap.

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<v Speaker 2>It is a small kit.

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<v Speaker 3>Like we're just talking to Francis Kannon about it's a small.

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<v Speaker 4>Cap relatively speaking, exactly. All right, Victoria's Secret out with

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<v Speaker 4>this breaking news saying sexy matters. So you know what,

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<v Speaker 4>It changed its ticker symbol to drive home that message.

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<v Speaker 4>So starting today, Victoria's Secret is no longer trading under

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<v Speaker 4>the ticker symbol VSCO. It is now vsx Y, like

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<v Speaker 4>very sexy. It is up thirty six and a half

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<v Speaker 4>percent in the pre market, but shares have surged one

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<v Speaker 4>hundred and sixty percent over the past year. Investors. They

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<v Speaker 4>seem to be embracing CEO Hillary supers efforts to revitalize

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<v Speaker 4>the brand. So they were out with earnings today and

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<v Speaker 4>including you know, in addition to that ticker symbol changing

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<v Speaker 4>earnings and revenue beating estimates, Victoria's Secret also raised its

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<v Speaker 4>sales out look. Super is the company's fourth CEO since

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<v Speaker 4>twenty nineteen, So they've been going through some change. They're

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<v Speaker 4>trying to regain that cultural cache. They're now refocusing on

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<v Speaker 4>their bras they have a pink brand, that's what it's

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<v Speaker 4>called gear toward younger shoppers. And they're returning to their

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<v Speaker 4>roots and bringing back the Victoria's Secret Fashion Show, which

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<v Speaker 4>remember came under a lot of criticism a few years back.

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<v Speaker 1>What they need to do to reopen their store in

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<v Speaker 1>fifty eighth and Les, Oh, I'm still vacant, it is

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<v Speaker 1>that was their flagship.

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<v Speaker 3>Still the pj's perfect for summer nights.

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<v Speaker 4>Oh, there you go. Are you looking at one of

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<v Speaker 4>their ads right now?

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<v Speaker 3>To me?

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<v Speaker 2>Yes, yes, I read the interviews.

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<v Speaker 4>Next, all right, chip maker Marvel Technology up eighteen percent.

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<v Speaker 4>So all of my stocks today, by the way, are

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<v Speaker 4>big winners. Marvel Technology is gaining after Nvidio CEO Jensen

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<v Speaker 4>Wong predicted the semiconductor and networking company will be the

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<v Speaker 4>next business to hit a trillion dollar valuation that would

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<v Speaker 4>be more than five time times its current capitalization. But

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<v Speaker 4>I need to say this, and video has something to

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<v Speaker 4>gain in saying this. Why Because the chip giant took

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<v Speaker 4>a two billion dollar steak in Marvel three months ago,

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<v Speaker 4>right as part of a broader partnership. He made these

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<v Speaker 4>comments on stage at the Computex trade show in Taipei,

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<v Speaker 4>standing there right alongside Marvel's CEO, Matt Murphy, but also

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<v Speaker 4>Marvel's stock has been on a tear up one hundred

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<v Speaker 4>and fifty eight percent this year alone, and if this

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<v Speaker 4>rally holds, by the way, when the market opens, Marvel

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<v Speaker 4>will not its biggest intry day jump since March.

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<v Speaker 1>I popping numbers.

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<v Speaker 3>Lexus doesn't understand this, just reeks of ninety ninety yeahs, yep, yep.

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<v Speaker 4>It's just so are you are you waiving the cautionary flag? Tom,

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<v Speaker 4>because I don't know.

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<v Speaker 3>Well, I'm in triple over's dollar cash, so I'm not playing.

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<v Speaker 3>But the answer is moment to moment, it's it's not exuberance,

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<v Speaker 3>it's breathlessness.

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<v Speaker 1>And the numbers and the numbers in terms of investments,

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<v Speaker 1>in terms of stock rest appreciation, in terms of bond offerings,

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<v Speaker 1>equity offerings, the numbers we've known, just haven't seen them before.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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