1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:17,000 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:17,040 --> 00:00:19,680 Speaker 1: at some stocks on the move today. I'm Tim Keen 5 00:00:19,800 --> 00:00:22,520 Speaker 1: with Paul Sweeni and Bloomberg's Lisa Matteo. 6 00:00:23,040 --> 00:00:26,560 Speaker 2: Tell me it's not all technology, I would be lying. 7 00:00:27,720 --> 00:00:31,160 Speaker 2: So let's start with Applied Materials. Okay, it's tick your 8 00:00:31,200 --> 00:00:33,080 Speaker 2: amat all right. Their shares are. 9 00:00:32,960 --> 00:00:33,640 Speaker 1: Down three percent. 10 00:00:33,760 --> 00:00:36,080 Speaker 2: This is this is big. This is the largest maker 11 00:00:36,120 --> 00:00:40,440 Speaker 2: of machinery used to manufacture semiconductors, based in Santa Clara, California. 12 00:00:40,880 --> 00:00:43,200 Speaker 2: It's warning of a sales hit from the latest curbs 13 00:00:43,680 --> 00:00:45,519 Speaker 2: in China. They expect that the cost it's going to 14 00:00:45,600 --> 00:00:48,720 Speaker 2: cost company six hundred million dollars in lost revenue in 15 00:00:48,720 --> 00:00:52,320 Speaker 2: fiscal twenty twenty six, which runs through next October. The 16 00:00:52,440 --> 00:00:55,400 Speaker 2: latest change, Applied Materials is saying, here's the problem. It's 17 00:00:55,400 --> 00:00:58,320 Speaker 2: the Commerce Department's Bureau of Industry and Security. They issued 18 00:00:58,320 --> 00:01:01,760 Speaker 2: this new role this week that widens that range of 19 00:01:01,760 --> 00:01:05,280 Speaker 2: companies that are subject to those export restrictions. But it's 20 00:01:05,319 --> 00:01:07,720 Speaker 2: not just Applied Materials, right, a lot of the competition 21 00:01:07,800 --> 00:01:11,200 Speaker 2: facing all these strict roles, how they supply support customers 22 00:01:11,200 --> 00:01:15,040 Speaker 2: in China, and Washington's really been trying to limit China's 23 00:01:15,080 --> 00:01:18,959 Speaker 2: ability to develop the domestic chip supply as well. So 24 00:01:19,160 --> 00:01:21,920 Speaker 2: it's a big big it's a big company and that's 25 00:01:21,920 --> 00:01:23,840 Speaker 2: why this is a big Can I just say for 26 00:01:23,920 --> 00:01:25,880 Speaker 2: all of us, Lisa, thank you so much for doing this. 27 00:01:26,319 --> 00:01:27,399 Speaker 2: I can't keep up. 28 00:01:27,680 --> 00:01:28,520 Speaker 1: You can't keep up. 29 00:01:31,160 --> 00:01:34,319 Speaker 2: All right, here we go Taiwan semi Conductor Manufacturing, Here 30 00:01:34,360 --> 00:01:37,920 Speaker 2: we go TSM. Their shares have been up nearly two percent. 31 00:01:38,200 --> 00:01:42,400 Speaker 2: So this is basically all stemming from news surrounding Huawei Technologies. 32 00:01:42,440 --> 00:01:45,759 Speaker 2: There's another one for you, okay, research firm tech Insights. 33 00:01:45,800 --> 00:01:48,440 Speaker 2: What they did, They took Huaweis to send Ai processors. 34 00:01:48,520 --> 00:01:49,880 Speaker 2: They broke it down and they want to find out 35 00:01:49,920 --> 00:01:52,520 Speaker 2: what was inside. So they found out Huawei used advanced 36 00:01:52,520 --> 00:01:56,080 Speaker 2: components from Asia's biggest tech firms, and some of them 37 00:01:56,120 --> 00:01:59,280 Speaker 2: we're talking about gear from yes, Taiwan semi Conductor Manufacturing, 38 00:01:59,280 --> 00:02:03,240 Speaker 2: but also Sam Sung Electronics, South Korea's s k Heinex. 39 00:02:03,240 --> 00:02:05,600 Speaker 2: And as you look about where those companies are from, 40 00:02:05,760 --> 00:02:10,240 Speaker 2: it shows that Huawei's reliance on foreign hardware. Do you think. 41 00:02:10,120 --> 00:02:13,440 Speaker 1: Lisa understands it. If she worked for Bloomberg Technology, you 42 00:02:13,480 --> 00:02:16,560 Speaker 1: would have to come in. Yeah, until nine exactly. 43 00:02:16,680 --> 00:02:19,040 Speaker 2: And now she's in her don't let her to the 44 00:02:19,160 --> 00:02:23,000 Speaker 2: bracket and Ludlow call me we go. We're moving on 45 00:02:23,080 --> 00:02:28,160 Speaker 2: to online video platform, cloud service VISs provider Rumble. Okay, 46 00:02:28,320 --> 00:02:32,360 Speaker 2: this is r u M. Their shares have been down 47 00:02:32,480 --> 00:02:36,560 Speaker 2: as much as fourteen percent. Okay, this is the thing. 48 00:02:36,560 --> 00:02:38,280 Speaker 2: You're gonna like this because they say they're going to 49 00:02:38,320 --> 00:02:41,440 Speaker 2: begin to offer services of Perplexity. Okay, this is Tom's 50 00:02:41,440 --> 00:02:44,520 Speaker 2: favorite AI powered search engine. All right, They're going to 51 00:02:44,520 --> 00:02:47,320 Speaker 2: offer this new bundled subscription, so keep your eyes out 52 00:02:47,320 --> 00:02:50,560 Speaker 2: for it. It's going to combine Perplexity plo with a 53 00:02:50,639 --> 00:02:53,640 Speaker 2: pro with Rumble premiums. It's going to combine those works 54 00:02:54,880 --> 00:02:59,480 Speaker 2: Rumble video video platform, yeah, video platform, cloud services. So 55 00:02:59,520 --> 00:03:01,640 Speaker 2: their shares are up like as much as fourteen percent. 56 00:03:02,600 --> 00:03:05,880 Speaker 2: So under this partnership, here's what's going to happen. Perplexity 57 00:03:05,919 --> 00:03:09,280 Speaker 2: is going to agree to advertise and promote their new 58 00:03:09,360 --> 00:03:12,200 Speaker 2: AI based browser, commet is that I'm not sure if 59 00:03:12,200 --> 00:03:14,080 Speaker 2: that is what you will be using. That's the one 60 00:03:14,200 --> 00:03:16,880 Speaker 2: I haven't. I haven't used it much yet. You haven't, Okay, 61 00:03:17,120 --> 00:03:18,799 Speaker 2: it's a weekend thing. Well, they're going to put the 62 00:03:20,440 --> 00:03:24,559 Speaker 2: start using that and advertising and pushing that on the platform, 63 00:03:24,840 --> 00:03:26,760 Speaker 2: and I want to quickly and with bowing before we're 64 00:03:26,760 --> 00:03:28,840 Speaker 2: out of time. It's not really moving, but it's a 65 00:03:28,840 --> 00:03:32,280 Speaker 2: good Bloomberg story. It's just another setback because we've been talking, 66 00:03:32,320 --> 00:03:34,160 Speaker 2: you know, saying hey, thanks for getting good on the 67 00:03:34,240 --> 00:03:37,080 Speaker 2: up and up, and then they were scheduled to commercially 68 00:03:37,120 --> 00:03:39,560 Speaker 2: debut this seven seven seven X next year, and then 69 00:03:39,640 --> 00:03:42,040 Speaker 2: Bloomberg sources are saying it's going to be delayed until 70 00:03:42,040 --> 00:03:44,480 Speaker 2: twenty twenty seven. So that is the difference there. 71 00:03:45,960 --> 00:03:50,000 Speaker 1: This Stock Movers report from Bloomberg Radio. Check back with 72 00:03:50,080 --> 00:03:52,640 Speaker 1: us throughout the day for the latest roundup of companies 73 00:03:52,720 --> 00:03:55,800 Speaker 1: making news on Wall Street and for the latest market 74 00:03:55,840 --> 00:03:59,760 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on 75 00:03:59,840 --> 00:04:03,480 Speaker 1: you Tube, Bloomberg dot com, and on Applecarplay and Android 76 00:04:03,480 --> 00:04:10,120 Speaker 1: Auto with the Bloomberg Business app MHM.